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JSW PAINTS LIMITED

Active
Updated: 08 Nov 2025

JSW Paints Limited is a manufacturing company specializing in decorative and industrial paints. It offers a wide range of products, including interior and exterior emulsions, wood coatings, and primers, providing advanced solutions for the painting needs of residential and commercial sectors while focusing on sustainability and innovation.

Jsw Paints Limited, is an unlisted public company incorporated on 25 February, 2016. It is classified as a public limited company and is located in , Maharashtra. It's authorized share capital is INR 270.00 cr and the total paid-up capital is INR 248.68 cr.

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Subscription Plans
Industry and products
Manufacturing of Pharmaceuticals
Company size
Auth Capital
₹ 270.0 Cr
Paidup Capital
₹ 248.7 Cr
Revenue
₹ 2000-2250 cr
# Key metrics of Jsw Paints Limited - All rupee values in INR crores. Based on March 2025 numbers. | Metric | Value | Change | |---|---|---| | Auth Capital | ₹ 270.0 Cr | | | Paidup Capital | ₹ 248.7 Cr | | | Revenue | ₹ 2000-2250 cr | | | Total Revenue | ₹2,160.1 | 2.85% | | EBITDA | ₹-40.2 | -163.02% | | Net Profit | ₹-109.2 | None% | | Networth | ₹581.4 | 2.91% | | Borrowings | ₹562.9 | -13.75% | | Assets | ₹1,763.1 | 2.17% | | Gross Margin | 36.9% | 0.51 | | Operating Margin | -1.9% | -4.91 | | Net Profit Margin | -5.0% | -3.38 | | Return on Equity | -18.8% | -12.55 | | ROCE | -19.8% | -20.73 | | Debt to Equity | 1.0 | -0.19 |
Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue
2.85%
₹ 2,160.1
EBITDA
-163.02%
₹ -40.2
Net Profit
-
₹ -109.2
Networth
2.91%
₹ 581.4
Borrowings
-13.75%
₹ 562.9
Assets
2.17%
₹ 1,763.1
Gross Margin
0.51
36.9 %
Operating Margin
-4.91
-1.9 %
Net Profit Margin
-3.38
-5.0 %
Return on Equity
-12.55
-18.8 %
ROCE
-20.73
-19.8 %
Debt to Equity
-0.19
1.0
Sales
Mar 2025
Net worth
Mar 2025

Locations

indian flag India (1)
State Type Address

location icon Locations on Map

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People

Designation Name DIN/PAN Tenure
Director Anunay Kumar 01647407 10 years
Director Vijay Madhusudan Bhat 00637497 7 years
Director Gautam Chainani 00688263 4 years
Whole-time Director Sundaresan Suryanarayana Arumbakkam 03584228 9 years
Managing Director Parth Sajjan Jindal
Shareholder
06404506 9 years
Whole-Time Director Ashish Rai 09129408 1 years
Director Rajeshwari Srinivasan 09499175 1 years

Financial Highlights

** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales 430.5 1,060.4 1,594.1 2,097.3 2,155.0
Operating profit -68.5 -58.5 -32.0 63.8 -40.2
Net profit -118.0 -118.5 -85.7 -35.1 -109.2
Gross margin 23.7 25.1 30.3 36.4 36.9
Operating margin -15.9 -5.5 -2.0 3.0 -1.9
Net margin -27.3 -11.2 -5.3 -1.7 -5.0
Networth 23.5 207.2 339.0 565.0 581.4
Borrowings 596.0 725.7 697.8 652.7 562.9
Assets 906.4 1,268.8 1,423.9 1,725.7 1,763.1
Debt to equity 25.4 3.5 2.1 1.2 1.0
Current ratio 0.8 1.1 1.1 1.1 0.9
ROE -503.1 -57.2 -25.3 -6.2 -18.8
Days payable 144.0 124.0 110.0 123.0 115.0
WC days -66.0 10.0 17.0 19.0 -16.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 200.0 216.2 222.1 229.5 229.5
Reserves -176.5 -9.0 116.9 335.5 351.9
Borrowings + 596.0 725.7 697.8 652.7 562.9
Long term borrowings 493.5 422.5 422.0 339.4 150.9
Short term borrowings 102.5 303.2 275.8 313.3 412.0
Trade payables + 129.4 269.0 333.4 449.1 429.2
Days payable 144.0 124.0 110.0 123.0 115.0
Other liabilities + 286.8 335.9 387.1 508.1 618.8
Other non-current liabilities 64.8 40.2 12.8 20.6 78.2
Other current liabilities 92.7 26.8 40.9 38.3 111.3
Total liabilities 906.4 1,268.8 1,423.9 1,725.7 1,763.1
Fixed Assets + 493.8 481.3 475.2 560.6 618.4
Tangible assets 456.9 429.3 415.8 411.4 566.2
CWIP 33.9 49.7 55.1 146.6 49.0
Intangible assets 3.0 2.4 4.3 2.6 3.2
LT loans and advances 2.2 - - - -
Other non-current assets 163.1 159.6 226.2 254.5 288.6
Current assets + 247.3 628.0 722.4 910.6 856.1
Inventories 110.4 223.9 276.5 337.3 331.0
Trade receivables 114.3 264.9 357.7 462.5 405.7
Cash and cash equivalents 1.6 2.6 2.6 10.9 8.6
ST loans and advances - - - - -
Other current assets 20.9 136.5 85.6 100.0 110.7
Total assets 906.4 1,268.8 1,423.9 1,725.7 1,763.1
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales + 430.5 1,060.4 1,594.1 2,097.3 2,155.0
Sales growth % 108.98 146.34 50.33 31.56 2.75
Expenses + 599.3 1,228.5 1,739.1 2,148.7 2,319.1
Cost of goods 328.4 794.6 1,110.9 1,334.2 1,359.9
Employee cost 56.5 89.6 129.2 156.4 210.4
Other costs 114.2 234.7 386.0 542.9 624.9
Operating profit + -68.5 -58.5 -32.0 63.8 -40.2
Operating margin % -15.9 -5.5 -2.0 3.0 -1.9
Other income 2.0 0.6 7.1 2.9 5.1
Interest 56.1 59.0 61.2 57.4 60.7
Depreciation 44.2 50.6 51.8 57.7 63.3
Exceptional items - - - - -
Profit before tax -166.8 -167.5 -137.9 -48.4 -159.1
Tax -48.8 -49.0 -52.2 -13.3 -49.9
Profit - disc. ops - - - - -
Net profit -118.0 -118.5 -85.7 -35.1 -109.2
Net margin % -27.3 -11.2 -5.3 -1.7 -5.0
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Solvency +
Total Debt/Equity 25.4 3.5 2.1 1.2 1.0
Net Debt/Equity 25.3 3.5 2.0 1.1 0.9
Total Debt/Assets 0.7 0.6 0.5 0.4 0.3
Total Assets/Equity 38.6 6.1 4.2 3.0 3.0
Liquidity +
Current Ratio 0.8 1.1 1.1 1.1 0.9
Quick Ratio 0.4 0.7 0.7 0.7 0.6
Interest Coverage -1.2 -1.0 -0.5 1.1 -0.7
Performance
Gross Margin 23.7 25.1 30.3 36.4 36.9
Operating Margin -15.9 -5.5 -2.0 3.0 -1.9
Net Margin -27.3 -11.2 -5.3 -1.7 -5.0
Return +
Return on Equity -503.1 -57.2 -25.3 -6.2 -18.8
Pre-tax ROCE -27.1 -21.4 -15.3 0.9 -19.8
Return on Assets -13.0 -9.3 -6.0 -2.0 -6.2
Pre-tax ROIC -18.2 -11.7 -8.1 0.5 -9.1
Efficiency +
Days Payable 144.0 124.0 110.0 123.0 115.0
Days Inventory 123.0 103.0 91.0 92.0 89.0
Days Receivable 97.0 91.0 82.0 80.0 69.0
Fixed Asset Turnover 0.9 2.2 3.4 3.7 3.5
Total Asset Turnover 0.5 0.8 1.1 1.2 1.2
Working Capital
Cash Conversion Cycle 76.0 70.0 63.0 49.0 43.0
Working Capital Days -66.0 10.0 17.0 19.0 -16.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Axis Trustee Services Limited

No. of Loans: 2

Total Amount : 406.5 cr

2

Kotak Mahindra Bank Limited

No. of Loans: 5

Total Amount : 226.6 cr

3

Bank of Baroda

No. of Loans: 1

Total Amount : 126.2 cr

4

Axis Bank Limited

No. of Loans: 1

Total Amount : 125.0 cr

5

Canara Bank

No. of Loans: 1

Total Amount : 100.0 cr

6

IndusInd Bank Limited

No. of Loans: 1

Total Amount : 100.0 cr

7

The Federal Bank Limited

No. of Loans: 1

Total Amount : 100.0 cr

8

Yes Bank Limited

No. of Loans: 1

Total Amount : 75.0 cr

9

IDFC First Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

10

DCB Bank Limited

No. of Loans: 1

Total Amount : 30.0 cr

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Charges

Axis Trustee Services Limited
Kotak Mahindra Bank Limited
Bank of Baroda
Axis Bank Limited
Others

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
JSW PAINTS PRIVATE LIMITED
Active
229.5 Cr 5 Maharashtra
ROOTS AND WINGS CONSULTING SERVICES PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
SAMPURNAH HOLISTIC HEALTH SCIENCES PRIVA TE LIMITED
Strike Off
1.0 L 1 Karnataka
CANCER AWAKENS PRIVATE LIMITED
Strike Off
1.0 L 1 Maharashtra
SAPPHIRE HUMAN CAPITAL PRIVATE LIMITED
Active
1.5 L 1 Maharashtra
VAKYA INTELLIGENCE PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
DOLVI MINERALS & METALS PRIVATE LIMITED
Amalgamated
350.0 Cr 1 Maharashtra
KANSORTIUM PROCESS TEKNOLOGIES PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
PIOMBINO STEEL LIMITED
Active
5,877.4 Cr 1 Maharashtra
BHUSHAN POWER & STEEL LIMITED
Active
100.0 Cr 1 Delhi
PAINTS AND COATINGS SKILL COUNCIL
Active
1.0 Cr 1 Maharashtra
Centre Court Capital Fund Managers IFSC LLP
Inactive for e-filing
83.0 L 1 ja
JSW SPORTS VENTURES PRIVATE LIMITED
Active
45.0 L 1 Maharashtra
JSW BENGALURU FOOTBALL CLUB PRIVATE LIMITED
Active
14.0 L 1 Karnataka
CENTRE COURT CAPITAL INVESTMENT MANAGERS PRIVATE LIMITED
Active
2.0 L 1
JSW IP HOLDINGS PRIVATE LIMITED
Active
2.0 Cr 1
JSW CEMENT LIMITED
Active
1,363.4 Cr 1 Maharashtra
MUSO D INNOVATION LAB PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
JSW CEMENT LIMITED
Active
1,363.4 Cr 1 Maharashtra
JSW RECHARGE SPORTS PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
JSW GMR CRICKET PRIVATE LIMITED
Active
1.2 Cr 1 Delhi
SVAMAAN FINANCIAL SERVICES PRIVATE LIMITED
Active
214.2 Cr 1 Maharashtra
JSW MG MOTOR INDIA PRIVATE LIMITED
Active
3,903.2 Cr 1 Haryana
JSW ONE PLATFORMS LIMITED
Active
294.8 Cr 1 Maharashtra
JSW ENERGY LIMITED
Active
1,747.8 Cr 1 Maharashtra
HOUSE OF HIMALAYAS LIMITED
Active
10.0 Cr 1
NUXALBARI TEA COMPANY PRIVATE LIMITED
Active
97.1 L 1 West Bengal

Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • LOSS MAKING
  • LOW ROCE
  • LOW CASH BALANCE
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Registered Details

CIN

U24200MH2016PLC273511

PAN

AADCJ6739M

Incorporation

2016, 9.8 years

Company Email

cs.jswpaints@jsw.in

Paid up Capital

₹ 248.7 Cr

Authorised Capital

₹ 270.0 Cr

AGM

Sep 2025

Type

Public
Others

FAQ - JSW PAINTS LIMITED

What is the incorporation date of JSW PAINTS LIMITED?

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The incorporation date of JSW PAINTS LIMITED is 25 February, 2016

What is the authorized share capital of JSW PAINTS LIMITED?

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The authorized share capital of JSW PAINTS LIMITED is INR ₹ 270.0 Cr.

What is the paid-up capital of JSW PAINTS LIMITED?

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The paid-up capital of JSW PAINTS LIMITED is INR ₹ 248.7 Cr.

What is the registered address of JSW PAINTS LIMITED?

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The registered address of JSW PAINTS LIMITED is Jindal Mansion, 5A, Dr. G. Deshmukh Marg, Mumbai City, Mumbai, Maharashtra, India, 400026 - 400026

What is the CIN number of JSW PAINTS LIMITED?

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The CIN number of JSW PAINTS LIMITED is U24200MH2016PLC273511.

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Tofler, TWS Systems Private Limited and its officers respect the Intellectual Property Rights of all people. Tofler makes no claim of ownership or affiliation with any trademark (REGISTERED OR UNREGISTERED) that forms part of any Company/LLP name listed on this page. Trademarks, if any, listed on this page belong to... Read More