Akzo Nobel India Ltd
Consumer Durables | Small Cap
Akzo Nobel India Ltd demonstrates mixed financial performance. The company shows strong growth in revenue, operating profit, and earnings per share, along with a high interest coverage ratio, indicating a good ability to meet its interest obligations. Profitability metrics such as gross profit margin, return on capital employed, return on assets and operating margin are also strong. However, liquidity ratios are poor. The company's efficiency ratios are also low, with a high day sales in inventory. Additionally, the company's reliance on equity and a lack of debt could indicate a conservative financial strategy. Overall, Akzo Nobel shows potential for continued growth and profitability, although improvements in liquidity and efficiency could further enhance its financial health.
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- Valuation MetricsHighly Overvalued
- Market Metrics
- Stock Reports
- Stock News
- Growth Ratio5.00
- Financial Ratio2.60
- Profitability Ratio3.67
- Efficiency Ratio1.67
- Coverage Ratio3.80
- Solvency Ratio5.00
- Liquidity Ratio1.00
- Peer Assessment
- Management AssessmentStrong
- Risk AssessmentBalanced
- 1 HourBullish
- 2 HoursBullish
- 4 HoursBullish
- 1 DayStrong Bullish
- 1 WeekBullish
- 1 MonthBullish
Akzo Nobel India Ltd demonstrates mixed financial performance. The company shows strong growth in revenue, operating profit, and earnings per share, along with a high interest coverage ratio, indicating a good ability to meet its interest obligations. Profitability metrics such as gross profit margin, return on capital employed, return on assets and operating margin are also strong. However, liquidity ratios are poor. The company's efficiency ratios are also low, with a high day sales in inventory. Additionally, the company's reliance on equity and a lack of debt could indicate a conservative financial strategy. Overall, Akzo Nobel shows potential for continued growth and profitability, although improvements in liquidity and efficiency could further enhance its financial health.
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Overall Valuation Score
P/E RATIO (TTM)
7.53
Industry Median
33.73
Small Cap Median
31.33
P/E RATIO
34.90
P/B RATIO
11.27
Industry Median
2.91
Small Cap Median
2.63
P/S RATIO
3.66
Industry Median
2.26
Small Cap Median
1.73
Others
PEG RATIO
2.77
EV/EBITDA RATIO
22.03
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹3291.8 as on Jun 21, 2026.
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Quarterly Report⬤2nd Feb 26
Quarterly Financial Results Q3 FY 2025-26
BULLISH SENTIMENT
The company exhibits strong growth in key areas such as revenue, operating profit, and earnings per share. This growth momentum indicates a positive trajectory and effective management strategies. However, the net income growth rate is very low, which may indicate an issue in maintaining profitability.
| Growth Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue Growth Rate | -9.05 | 30.07 | 20.74 | 4.21 | 3.26 |
| Operating Profit Growth Rate | -7.3 | 26.53 | 21.2 | 20.34 | 1.42 |
| Earnings Per Share (EPS) Growth | -12.55 | 39.72 | 15.51 | 27.32 | 0.67 |
| Asset Growth Rate | 8.77 | 2.45 | 5.71 | 5.99 | -0.03 |
| Net Income Growth Rate | -12.24 | 39.42 | 15.52 | 27.46 | 0.7 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
The company's financial performance is mixed, with some metrics indicating strong financial health while others suggest areas for improvement. The company has a high dividend per share, indicating a commitment to returning value to shareholders. However, the company has low adjusted earnings per share, cash earnings per share, and book value per share.
| Financial Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Adjusted Earnings Per Share (Adjusted EPS) | 45.22 | 63.04 | 72.83 | 92.83 | 93.48 |
| Cash Earnings Per Share (Cash EPS) | 61.74 | 79.57 | 90.65 | 110.65 | 112.83 |
| Book Value Per Share | 280.22 | 273.91 | 286.3 | 289.13 | 289.35 |
| Dividend Per Share (DPS) | 50.15 | 75.17 | 64.75 | 74.94 | 99.97 |
| Capital Expenditures (CapEx) | 28 | 63 | 104 | 118 | 106 |
Adjusted Earnings Per Share (Adjusted EPS)
Cash Earnings Per Share (Cash EPS)
Book Value Per Share
Dividend Per Share (DPS)
Capital Expenditures (CapEx)
The company demonstrates mixed profitability, with strong gross profit margin, return on capital employed, and return on assets, indicating efficient use of capital and assets. However, the company has low return on equity and net margin.
| Profitability Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Gross Profit Margin | 11.03 | 11.37 | 11.68 | 13.91 | 13.52 |
| Return on Capital Employed (ROCE) | 20.32 | 27.21 | 32.26 | 40.34 | 39.86 |
| Return on Equity (ROE) | 16.14 | 23.02 | 25.44 | 32.11 | 32.31 |
| Return on Assets (ROA) | 13.56 | 16.74 | 19.2 | 21.8 | 22.12 |
| Operating Margin | 14.17 | 13.78 | 13.83 | 15.98 | 15.69 |
| Net Margin | 8.59 | 9.21 | 8.81 | 10.78 | 10.51 |
Gross Profit Margin
Return on Capital Employed (ROCE)
Return on Equity (ROE)
Return on Assets (ROA)
Operating Margin
Net Margin
The company's efficiency in managing assets is generally poor, except for the management of inventory and receivables. The capital turnover is low, indicating that the company isn't generating much revenue from its capital investment. This suggests potential inefficiencies in asset utilization that could impact profitability.
| Efficiency Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Fixed Asset Turnover Ratio | 4.46 | 6.06 | 7.44 | 7.53 | 8.51 |
| Inventory Turnover Ratio | 4.72 | 4.84 | 5.32 | 5.64 | 5.81 |
| Receivables Turnover Ratio | N/A | 6.93 | 7.26 | 7.03 | 7.05 |
| Days Sales in Inventory Ratio | 77.33 | 75.41 | 68.61 | 64.72 | 62.82 |
| Receivable Days | N/A | 52.67 | 50.28 | 51.92 | 51.77 |
| Capital Turnover Ratio | 1.71 | 2.25 | 2.61 | 2.73 | 2.81 |
Fixed Asset Turnover Ratio
Inventory Turnover Ratio
Receivables Turnover Ratio
Days Sales in Inventory Ratio
Receivable Days
Capital Turnover Ratio
The company's coverage position is good, primarily driven by its robust interest coverage ratio. The company has no equity dividend coverage, indicating that the company isn't using debt to pay dividends.
| Coverage Ratios | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Interest Coverage Ratio | 36.89 | 28.8 | 27.21 | 33.57 | 48.75 | 58 |
| Equity Dividend Coverage Ratio | 3.7 | 0.91 | 0.85 | 1.14 | 1.25 | 0.94 |
Interest Coverage Ratio
Equity Dividend Coverage Ratio
The company's solvency position is excellent, suggesting a very strong ability to meet its long-term obligations. The company has a very strong equity position. However, the company does not use debt. The lack of debt may limit the company's ability to leverage its operations for growth.
| Solvency Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Debt Ratio | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 |
| Debt to Equity Ratio | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 |
| Equity Ratio | 0.95 | 0.95 | 0.95 | 0.96 | 0.96 |
| Debt To Asset Ratio | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
Debt Ratio
Debt to Equity Ratio
Equity Ratio
Debt To Asset Ratio
The company's liquidity position is weak, suggesting potential difficulties in meeting its short-term obligations. While maintaining low liquidity can reduce carrying costs, it also exposes the company to risks if immediate cash needs arise. The consumer durables industry requires careful management of working capital, and low liquidity could hinder operational flexibility in a competitive market.
| Liquidity Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Current Ratio | 1.67 | 1.61 | 1.59 | 1.49 | 1.56 |
| Quick Ratio | 1.26 | 1.08 | 1.15 | 1.09 | 1.16 |
| Cash Ratio | 0.62 | 0.36 | 0.42 | 0.35 | 0.2 |
| Operating Cash Flow Ratio | 0.24 | 0.1 | 0.36 | 0.32 | 0.21 |
Current Ratio
Quick Ratio
Cash Ratio
Operating Cash Flow Ratio
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Kansai Nerolac Paints Ltd | 7.34 | 28.96 | Neutral | 975.00 | 7.67 | 576.00 |
| 2 | Indigo Paints Ltd | 6.64 | 33.69 | Highly Overvalued | 255.00 | 30.50 | 148.00 |
| 3 | Akzo Nobel India Ltd | 5.82 | 34.90 | Highly Overvalued | 607.00 | 88.93 | N/A |
Akzo Nobel demonstrates effective management with strong profitability and efficient capital use. Revenue growth is consistent, complemented by rising profit margins. The company maintains a solid financial position with controlled debt and attractive returns on capital and equity. High promoter holding and increasing institutional interest reflect confidence in management’s strategic direction and commitment to shareholder value. Overall, Akzo Nobel exhibits sound management practices, driving consistent financial performance and maintaining a healthy financial structure. This is further supported by efficient working capital management and strategic asset investment, indicating a stable and well-managed operation.
| Category | Metric | Value | Assessment |
|---|---|---|---|
| PROS | Profitability | 16% OPM in Mar 2025 | Improving operational efficiency |
| Capital Efficiency | 42% ROCE in Mar 2025 | Productive use of capital | |
| Shareholder Alignment | 74.76% Promoter Holding | Strong confidence and alignment | |
| CONS | Dividend Payout | 106% Dividend Payout % in Mar 2025 | Inconsistent sharing of profits |
Financial Performance & Growth
Akzo Nobel showcases consistent revenue and profit growth, supported by improving operating margins. The company has demonstrated its ability to expand its sales and maintain profitability. The increasing OPM indicates enhanced operational efficiency. While sales growth remains positive, the compounded profit growth shows a fluctuating trend, reflecting the challenges in maintaining consistent profitability.
| Metric | 2017-2019 | 2020-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Compounded Sales Growth (%) | 7% | 6% | 20.76% | 4.20% | 3.27% |
| Compounded Profit Growth (%) | 19% | -2% | 20.76% | 4.20% | 3.27% |
Capital Efficiency & Returns
Akzo Nobel demonstrates high capital efficiency, evidenced by strong ROCE and ROE figures. The company consistently generates substantial returns on its capital employed and equity. The ratios indicate effective utilization of resources to maximize profitability. The increasing ROCE trend underscores the efficiency improvements in capital management.
| Metric | 2017-2019 | 2020-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| ROCE (%) | 31% | 26% | 35% | 42% | 42% |
| ROE (%) | 27% | 27% | 35% | 42% | 42% |
Financial Health & Prudence
Akzo Nobel maintains a stable financial health profile with manageable debt levels and adequate interest coverage. The company's debt-to-equity ratio is well-controlled. The borrowings are relatively low, ensuring financial stability. The company consistently shares profits through dividends, though the payout ratio varies.
| Metric | 2017-2019 | 2020-2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Borrowings (₹ Cr) | 3 | 66 | 70 | 60 | 62 |
| Interest Coverage (times) | 76.25 | 36.66 | 37.57 | 47.75 | 57 |
Shareholding & Ownership Structure
Akzo Nobel exhibits a strong and stable ownership structure with high promoter holding and increasing institutional interest. The promoter holding remains consistent at 74.76%. Increasing FII and DII holdings reflect growing confidence in the company’s performance and prospects.
| Metric | Mar 2017 | Mar 2019 | Mar 2021 | Mar 2023 | Mar 2025 |
|---|---|---|---|---|---|
| Promoter Holding (%) | 72.96% | 74.76% | 74.76% | 74.76% | 74.76% |
| FII Holding (%) | 1.98% | 1.43% | 1.43% | 2.97% | 3.68% |
| DII Holding (%) | 8.33% | 8.23% | 10.97% | 8.99% | 8.49% |
Akzo Nobel demonstrates moderate risk, characterized by segment performance volatility and foreign exchange exposure, though these are mitigated by robust financial practices. The company's strengths in maintaining controlled debt levels and high promoter holdings reduce overall financial risk. Effective management of working capital and strategic asset investment further stabilize risk factors. While there are no specific accounting quality red flags identified, the fluctuating cash conversion cycle suggests potential operational inefficiencies that require monitoring. Therefore, a balanced approach to risk management is essential to sustain stability and growth.
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
- IndicatorValueSignal
- SMA 103243.93Bullish
- SMA 203235.18Bullish
- SMA 503222.48Bullish
- EMA 103253.21Bullish
- EMA 203241.12Bullish
- EMA 503217.46Bullish
- DEMA 103271.54Bullish
- DEMA 203256.83Bullish
- DEMA 503259.27Bullish
- TEMA 103284.57Bullish
- TEMA 203261.81Bullish
- TEMA 503253.60Bullish
- MACD13.23Bullish
- ADX26.36Strong Trend
- IndicatorValueSignal
- RSI72.77Overbought
- CCI403.76Overbought
- ROC 92.82Bullish
- ROC 142.47Bullish
- ROC 252.02Bullish
- Stoch K77.82Neutral
- Stoch D70.47Neutral
- IndicatorValueSignal
- BB Upper3279.13Overbought
- BB Middle3235.17Neutral
- BB Lower3191.22Neutral
- ATR32.30High Volatility
- IndicatorValueSignal
- MFI83.55Overbought
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 2 Hours Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 103243.75Bullish
- SMA 203238.67Bullish
- SMA 503184.54Bullish
- EMA 103251.41Bullish
- EMA 203233.31Bullish
- EMA 503184.62Bullish
- DEMA 103272.48Bullish
- DEMA 203264.01Bullish
- DEMA 503261.87Bullish
- TEMA 103282.39Bullish
- TEMA 203265.41Bullish
- TEMA 503272.69Bullish
- MACD23.47Bullish
- ADX39.41Strong Trend
- IndicatorValueSignal
- RSI69.01Neutral
- CCI260.75Overbought
- ROC 92.79Bullish
- ROC 142.51Bullish
- ROC 253.92Bullish
- Stoch K65.88Neutral
- Stoch D48.82Neutral
- IndicatorValueSignal
- BB Upper3289.35Overbought
- BB Middle3238.67Neutral
- BB Lower3187.99Neutral
- ATR43.71High Volatility
- IndicatorValueSignal
- MFI74.10Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 4 Hours Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 103237.72Bullish
- SMA 203199.20Bullish
- SMA 503081.95Bullish
- EMA 103234.58Bullish
- EMA 203199.76Bullish
- EMA 503118.04Bullish
- DEMA 103267.49Bullish
- DEMA 203264.04Bullish
- DEMA 503217.65Bullish
- TEMA 103271.50Bullish
- TEMA 203268.81Bullish
- TEMA 50N/AN/A
- MACD47.33Bullish
- ADX47.34Strong Trend
- IndicatorValueSignal
- RSI68.68Neutral
- CCI147.99Overbought
- ROC 91.71Bullish
- ROC 144.74Bullish
- ROC 254.39Bullish
- Stoch K67.82Neutral
- Stoch D62.60Neutral
- IndicatorValueSignal
- BB Upper3295.09Overbought
- BB Middle3199.20Neutral
- BB Lower3103.31Neutral
- ATR70.05High Volatility
- IndicatorValueSignal
- MFI77.18Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Market Sentiment
Analysis Driven By 33 Technical Indicators From The 1 Day Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 103201.53Bullish
- SMA 203120.53Bullish
- SMA 503022.06Bullish
- SMA 1002970.51Bullish
- SMA 2003145.05Bullish
- EMA 103201.96Bullish
- EMA 203141.59Bullish
- EMA 503058.57Bullish
- EMA 1003052.40Bullish
- EMA 2003124.82Bullish
- DEMA 103266.06Bullish
- DEMA 203235.03Bullish
- DEMA 503120.28Bullish
- DEMA 1002998.50Bullish
- DEMA 2002999.24Bullish
- TEMA 103273.14Bullish
- TEMA 203272.39Bullish
- TEMA 503206.10Bullish
- TEMA 1003065.44Bullish
- TEMA 2002909.92Bullish
- MACD72.58Bullish
- ADX44.11Strong Trend
- IndicatorValueSignal
- RSI67.90Neutral
- CCI109.71Overbought
- ROC 144.21Bullish
- ROC 2512.59Bullish
- Stoch K78.50Neutral
- Stoch D78.59Neutral
- IndicatorValueSignal
- BB Upper3351.13Neutral
- BB Middle3120.52Neutral
- BB Lower2889.92Neutral
- ATR103.81High Volatility
- IndicatorValueSignal
- MFI58.24Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 21 Technical Indicators From The 1 Week Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 202953.15Bullish
- SMA 503204.48Bearish
- EMA 203029.80Bullish
- EMA 503133.55Bullish
- DEMA 202976.68Bullish
- DEMA 503021.14Bullish
- TEMA 203035.92Bullish
- TEMA 502883.09Bullish
- MACD-26.09Bullish
- ADX16.36Weak Trend
- IndicatorValueSignal
- RSI51.85Neutral
- CCI-9.95Neutral
- ROC 1414.18Bullish
- ROC 250.60Bullish
- Stoch K84.43Overbought
- Stoch D75.71Neutral
- IndicatorValueSignal
- BB Upper3165.25Overbought
- BB Middle2953.15Neutral
- BB Lower2741.04Neutral
- ATR186.89High Volatility
- IndicatorValueSignal
- MFI76.06Neutral
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Market Sentiment
Analysis Driven By 25 Technical Indicators From The 1 Month Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
- IndicatorValueSignal
- SMA 62976.63Bullish
- SMA 123193.26Bearish
- SMA 243348.49Bearish
- EMA 63047.09Bullish
- EMA 123127.73Bullish
- EMA 243122.94Bullish
- DEMA 62979.85Bullish
- DEMA 123029.88Bullish
- DEMA 243271.39Bearish
- TEMA 63019.58Bullish
- TEMA 122906.83Bullish
- TEMA 243125.07Bullish
- MACD249.40Bearish
- ADX32.40Strong Trend
- IndicatorValueSignal
- RSI53.19Neutral
- CCI31.66Neutral
- ROC 2528.65Bullish
- ROC 5065.14Bullish
- Stoch K35.65Neutral
- Stoch D53.16Neutral
- IndicatorValueSignal
- BB Upper4109.68Neutral
- BB Middle3365.69Neutral
- BB Lower2621.70Neutral
- ATR416.41Low Volatility
- IndicatorValueSignal
- MFI78.04Neutral