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Kansai Nerolac Paints Limited

Kansai Nerolac Paints Limited

181.20
INR
-2.03
(-1.11%)
8.29EPS
24.06P/E
165.01BMarket Cap
Nov 04Next Earn
Kansai Nerolac Paints Limited
NSE:KANSAINER
(National Stock Exchange of India)

Recent

price

181.20

P/E

ratio

24.06

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
26.31
31.99
34.43
38.37
43.16
46.48
50.01
57.47
66.89
65.12
62.36
77.72
92.84
96.1
96.32
99.23
104.72
Revenue per Share
2.55
2.67
3.63
2.57
3.39
11.15
6.29
6.36
5.6
6.45
6.55
4.44
5.86
14.66
14.14
7.29
8.48
Basic EPS, GAAP
0.04
-1.51
-0.76
0.81
2.62
3.76
1.66
0.19
-5.28
4.37
6.71
-2.4
3.53
8.24
4.28
8.43
- -
Free Cash Flow per Basic Share
0.5
0.67
0.73
0.73
0.73
0.93
2.03
2
1.73
1.75
2.96
3.51
0.68
1.8
3.75
3.75
- -
Dividend per Share
11.33
13.15
15.92
17.64
21.09
31.04
34.82
38.75
42.26
46.52
50.14
51.12
56.08
69.06
79.45
83.02
- -
Book Value per Share
11.28
13.11
15.87
17.55
21.03
31.01
34.78
38.69
41.51
45.58
49.4
50.54
55.62
68.61
79.23
82.31
- -
Tangible Book Value per Share
808
808
808
808
808
808
808
808
808
808
808
808
808
808
808
809
809
Basic Weighted Avg Shares
21,266
25,859
27,835
31,020
34,891
37,572
40,426
46,458
54,070
52,638
50,414
62,824
75,052
77,685
77,870
80,227
84,713
Sales/Revenue/Turnover
12.41
11.8
10.43
9.73
10.97
13.74
16.51
15.43
11.95
12.58
13.84
7.63
8.5
10.78
9.51
9.3
10.05
Operating Margin (%)
494
564
474
655
683
683
701
771
1,063
1,421
1,653
1,698
1,801
1,905
2,017
2,281
2,366
Depreciation Expense
2,060
2,159
2,931
2,080
2,741
9,010
5,082
5,144
4,528
5,210
5,297
3,589
4,736
11,854
11,430
5,895
6,861
Net Income, GAAP
28.76
29.25
30.4
32.65
31.8
16.42
33.35
34.72
35.75
22.67
26.21
27.97
26.21
24.68
24.95
27.75
27.68
Effective Tax Rate (%)
9.69
8.35
10.53
6.7
7.85
23.98
12.57
11.07
8.37
9.9
10.51
5.71
6.31
15.26
14.68
7.35
8.1
Profit Margin (%)
5,411
5,197
4,507
5,528
8,046
15,067
16,814
16,950
13,699
15,713
19,373
19,042
22,965
32,285
39,017
41,165
- -
Working Capital
750
690
667
571
458
294
182
97
44
762
943
1,031
1,047
1,404
1,755
1,810
- -
LT Debt
9,162
10,632
12,901
14,295
17,098
25,156
28,298
31,487
34,364
37,820
40,892
41,515
45,604
55,986
64,045
66,889
- -
Total Equity
20.06
20.34
22.45
14.1
15.92
40.64
16.48
15.56
12.4
13.6
12.46
7.95
10.25
21.28
16.59
7.48
- -
Return on Invested Capital (%)
21.98
20.33
23.39
14.52
16.81
41.7
18.71
17.06
13.8
14.33
13.15
8.94
10.73
22.7
19.08
9.15
- -
Return on Capital (%)
24.39
21.81
24.95
15.33
17.51
42.76
19.09
17.3
13.83
14.52
13.56
8.77
10.93
23.44
19.04
8.97
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
1,217
- -
LT Borrowings
- -
87
- -
LT Finance Leases
- -
1,723
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
809
809
809
Market Capitalization
190,361
135,224
165,015

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
57,737
- -
Cash, Cash Equivalents & STI
- -
25,848
- -
Accounts Receivable, Net
- -
14,674
- -
Inventories
- -
15,302
- -
Total Current Liabilities
- -
16,572
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,217
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.4%
10.59%
4.44%
Free Cash Flow
-332.04%
-40.03%
96.86%
Net Income, GAAP
6.04%
19.6%
-48.43%
Sales/Revenue/Turnover
8.29%
10.17%
3.03%
Total Cash Common Dividend
38.33%
42.05%
0.01%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
21,331
19,514
19,219
18,167
77,870
2026
21,620
- -
19,820
19,537
80,227
2027
23,736
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
2.86
1.52
8.42
1.34
14.14
2026
2.73
- -
1.5
1.39
7.29
2027
2.86
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
3.75
2026
- -
- -
- -
- -
3.75
2027
- -
- -
- -
- -
- -
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Business
Kansai Nerolac Paints Limited, the second-largest paint coatings company in India and a market leader in industrial coatings, manufactures and markets a broad portfolio of decorative and industrial paints; automotive coatings including pre-treatment chemicals, electrodeposition, intermediate coats, primer surfacers, topcoats, clear coats, touch-up paints, auto refinishing products, heat resistant paints, underbody paints, PVC sealants and Rapgard transit protection films; performance coatings such as general industrial systems for household appliances and metal fittings comprising P.T. chemicals, primers, lacquers, coil coat, heat resistant paints and metal decoration coatings; powder coatings; wood surface paints; metal enamels; waterproofing solutions including Damp Lock, NoDamp+, Damp Protect, Magic Boost, Perma Super 2K and Waterproof Latex; texture wall paints; exterior textures; adhesives; and construction chemicals. The company, founded in 1920 as Gahagan Paints and Varnish Co. Ltd. at Lower Parel in Mumbai and a subsidiary of Japan's Kansai Paint Co. Ltd. which holds a 75% stake, maintains its headquarters in Mumbai, Maharashtra, and operates eight manufacturing facilities across India at locations including Jainpur (Uttar Pradesh), Bawal (Haryana), Lote (Maharashtra), Hosur (Tamil Nadu), Sayakha and Sarigam (Gujarat), Goindwal Sahib (Punjab) and Atchutapuram (Andhra Pradesh), with a distribution network exceeding 40,000 dealers primarily serving the domestic market and exports to regions such as Africa and the Middle East. Recent developments include the approval of a scheme to merge its wholly owned subsidiary Nerofix Private Limited, which specializes in adhesives, construction chemicals and paint-related products with Rs. 125.33 crore turnover, effective April 1, 2025 to achieve synergies, economies of scale and growth opportunities; the commercial launch of its new manufacturing unit at Atchutapuram, Andhra Pradesh in fiscal year 2025; the introduction of the 'PAINT+' brand expression along with products like ExcelMica Marble Stretch & Sheen offering a six-year waterproofing warranty; value-adding industrial technologies such as low bake, high solids low VOC, monocoats, direct to metal, tin-free CED for automotive, high resistance coatings for two-wheeler fuel tanks, fluoro undercoat and topcoat systems, high abrasion resistance powder; and construction chemical innovations like Damp Lock and NoDamp+ for waterproofing and protection.