Detail about Akzo Nobel India 

 Akzo Nobel India Limited( ‘ the Company ’) was incorporated in India on 12 March 1954 as Indian Snares Limited. It's presently known as Akzo Nobel India Limited with effect from 15 February 2010 under Section 23( 1) of the Companies Act, 1956. 

 Akzo Nobel is the world's largest coatings company, with leading request positions and brands in countries around the world. The company creates everyday rudiments to make people’s lives more habitable and inspiring, present in India for over numerous decades. As a leading maquillages and coatings company, it supplies essential protection and essential color to diligence and consumers. Backed by a pioneering heritage, its innovative products, and sustainable technologies are designed to meet the growing demands of its fast-changing earth while making life easier. Ranked as a leader in sustainability, it's devoted to energizing metropolises and communities while creating a defended, various world where life is bettered by what it does. 

 Company’s history 

 In the time 1911, the ICI Group commenced its operations in India. Brunner Mond & Co, one of the four companies that combined in 1926 to form ICI in the UK, opened a trading office in Calcutta( now Kolkata) to vend alkalis and colorings. In 1923, it came Brunner Mond & Co( India) and, in 1929, the name was changed to Imperial Chemical diligence( India) Ltd. This was followed by a period of sustained expansion, diversification, and growth leading to 1954, with the confirmation of Indian Snares Ltd, promoted concertedly by ICI PLC and the Government of India. Its name was changed to IEL Limited in 1985 and to ICI India Limited in 1989. The Government of India’s holding came to nil in 2003. 

 Along with the other group companies of ICI PLC in India, it patronized the establishment of the ICI India Research and Technology Centre in Thane in 1976. Over time, it saw further connection, restructuring, and divestment. The highlights of this period include the junction of three other group companies of ICI plc in India- The Alkali and Chemical Corporation of India Ltd, Chemicals and Fibres India Limited, and Crescent colorings and Chemicals Limited- in 1984. Nalco Chemicals India Ltd was formed in 1987. A paints factory, as well as a polyurethanes systems house, were commissioned at Thane in 1997; another paints factory was commissioned at Mohali near Chandigarh; the Uniqema Innovation Centre opened at Thane in the ensuing time. 

 The business area of the company 

 The Company is engaged in the business of manufacturing, trading, and selling maquillages and affiliated products. The Company also provides exploration and development services to the holding company and its group companies. 

Brands

These are the brands of Akzo Nobel India.

 Product and services 

• ornamental maquillages 
• Waterproofing results 
• Woodcare & Specialty Products 
• Automotive & Specialty Coatings 
• Marine & Protective Coatings 
• Powder Coatings 
• Industrial Coatings 

Awards and Recognitions 

 FY2016- 17

• The company has entered the Globe Platinum Awards for ‘ Pioneering Coatings Technology ’, 
• The company’s Chairman Nihal Kaviratne CBE was awarded for ‘ Business Excellence ’ at the World Business Conclave in Hong Kong. 

 FY2017- 18 

• The company has entered the ICSI( Institute of Company registers of India) CSR Excellence Award 2017 in the ‘ Emerging Companies ’ order. 

 FY2018- 19 

• The company won three awards at the prestigious Asia Best CSR Award 2018 organized by CMO Asia for Stylish CSR Practice, Education, and Skill Development. 

FY2019- 20 

• The Golden Globe Tiger Award 2019 in Kuala Lumpur for bearing CSR design in Vocational Skill Training in Painting. 

• recognized with Excellence in Supply Chain Planning in an event organized by The Alden Global, the 7th Inflection Conference & Awards in India. 

Peers

Strengths

• The company has been maintaining a healthy ROCE of 26.97% over the past 3 years.
• The company is virtually debt free.
• The company has a healthy Interest coverage ratio of 28.01.
• The company has an efficient Cash Conversion Cycle of -63.18 days.
• The company has a high promoter holding of 74.76%.
• The company has a strong degree of Operating leverage, Average Operating leverage stands at 7.17.

Limitations

• The company has shown a poor profit growth of -19.68% over the past 3 years.
• The company has shown poor revenue growth of -6.56% for the past 3 years.
• The company is trading at a high PE of 33.37.