Kansai Nerolac Paints Ltd

₹177.55▼ -1.74%28 Sept

📊 Stock Analysis

Market Data

Market Cap₹14,358.73 Cr.

52W High₹262

Current Price₹177.55

52W Low₹158

Down from 52W High32.2 %

Face Value₹1

Performance

ROCE12.46 %

ROE8.94 %

EPS (TTM)₹2.86

EPS Prev Qtr₹1.58

EPS Last Year₹1.67

EBITDA Qtr₹265.54 Cr.

Book Value₹83

Financial Health

Debt/Equity0.01

Debt/Profit0.14

Total Assets₹8,711.11 Cr.

Dividend Yield2.11 %

Promoter Holding74.96 %

Earning Power8.75 %

Valuation

Stock P/E22

Industry P/E33.41

Price to Book2.14

Price to Sales1.74

Graham Number₹122.74

Key Metrics

Face Value

₹1

About Kansai Nerolac Paints Ltd

Consumer Durables · Paints/Varnish

Kansai Nerolac Paints Ltd is listed on NSE in the Consumer Durables / Paints/Varnish sector. Face value ₹1. Market cap ₹14,358.73 Cr.

Price Chart

Strengths & Weaknesses

Strengths

The company has a strong promoter holding of 74.96%, indicating stable control and governance.
It maintains a healthy balance sheet with a low debt-to-equity ratio of 0.01, suggesting minimal financial risk.
The company offers a dividend yield of 2.02%, providing a steady income stream for investors.
With a ROCE of 12.46%, the company demonstrates efficient use of capital to generate profits.

Weaknesses

The P/E ratio of 22.95 may indicate that the stock is relatively expensive compared to its earnings.
The ROE of 8.77% is moderate and could be considered lower compared to more efficient companies in the sector.
The P/B ratio of 2.23 suggests that the market values the company at a premium over its book value.

Peer Comparison

Name	CMP	P/E	Market Cap	Div Yield	NP Qtr	Qtr Profit Var%	Sales Qtr	Qtr Sales Var%	ROCE%	Debt/Eq
Asian Paints Ltd	-	48.58	₹2,31,675.04 Cr	1.14%	₹4,837.09 Cr	-	₹37,186.93 Cr	-	28.69%	0.11
Berger Paints India Ltd	-	43.4	₹52,825.76 Cr	0.88%	₹1,217.99 Cr	-	₹12,263.24 Cr	-	23.57%	0.02
JSW Dulux Ltd	-	7.38	₹14,477.95 Cr	6.48%	₹1,962.5 Cr	-	₹3,577.6 Cr	-	96.78%	0
Kansai Nerolac Paints Ltd	-	22	₹14,358.73 Cr	2.11%	₹588.66 Cr	-	₹8,263.47 Cr	-	12.46%	0.01
Indigo Paints Ltd	-	32.8	₹5,278.89 Cr	0.45%	₹163.25 Cr	-	₹1,465.83 Cr	-	21.46%	0.01
Sirca Paints India Ltd	-	34.02	₹2,306.92 Cr	0.49%	₹67.02 Cr	-	₹508.26 Cr	-	18.65%	0.07
Shalimar Paints Ltd	-	-	₹624.9 Cr	-	₹-69.44 Cr	-	₹558.79 Cr	-	-11.21%	0.63
Retina Paints Ltd	-	-	₹56.3 Cr	-	-	-	-	-	-	0.26
MCON Rasayan India Ltd	-	-	-	-	-	-	-	-	-	0.5

Quarterly Results

	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	1,954.18	1,981.99	1,953.71	2,373.59
↳ QoQ Growth	-	+1.4%	-1.4%	+21.5%
Expenses	1,793.23	1,802.27	1,798.11	2,108.05
Operating Profit	160.95	179.72	155.6	265.54
OPM %	8.24%	9.07%	7.96%	11.19%
Other Income	28.43	35.21	29.69	54.94
Interest	7.71	8.8	8.42	8.02
Depreciation	54.31	59.97	60.9	62.83
EBITDA	215.26	239.69	216.5	328.37
EBITDA Margin %	11.02%	12.09%	11.08%	13.83%
Profit Before Tax	181.67	161.41	158.44	312.46
Tax %	26.62%	27.48%	30.64%	26.9%
Net Profit	133.31	117.05	109.89	228.41
↳ QoQ Growth	-	-12.2%	-6.1%	+107.9%
EPS	1.67	1.96	1.58	2.86

Balance Sheet

	Mar 2025	Mar 2026
Equity Capital	80.84	80.87
Reserves	6342.32	6632.91
Borrowings	296.39	82.68
Other Liabilities	1497.48	1914.65
Total Liabilities	8217.03	8711.11
Fixed Assets	2233.15	2408.96
CWIP	221.42	169.91
Investments	1849.79	2365.42
Other Assets	3912.67	3766.82
Total Assets	8217.03	8711.11

Cash Flows

	Mar 2026
Cash from Operating Activity	894.37
Cash from Investing Activity	-382.65
Cash from Financing Activity	-403.3
Net Cash Flow	108.42

Shareholding Pattern

	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters %	74.98%	74.98%	74.96%	74.96%
FIIs %	5.6%	5.17%	3.61%	4.03%
DIIs %	10.04%	10.41%	11.9%	11.88%
Public %	7.96%	8.01%	8.06%	7.79%
No. of Shareholders	1,49,919	1,51,213	1,50,761	1,45,779