Share Price and Basic Stock Data
Last Updated: October 17, 2025, 3:46 am
| PEG Ratio | 1.20 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Kansai Nerolac Paints Ltd operates within the paints and varnishes industry, showcasing a robust revenue trajectory. For the fiscal year ending March 2025, the company reported sales of ₹7,823 Cr, marking a significant increase from ₹7,543 Cr in the previous year, which reflects a growth trend in its core operations. The quarterly sales figures indicate seasonal fluctuations, with the highest quarterly sales recorded in June 2023 at ₹2,157 Cr, and a noticeable dip to ₹1,734 Cr in March 2023. The operating profit margin (OPM) stood at 12% for FY 2025, slightly declining from the previous year’s 13%. This suggests that while revenue has grown, cost pressures may be impacting profitability. Overall, the company’s sales growth appears to be supported by a steady demand for decorative and industrial coatings, with market conditions favoring growth in the home improvement segment.
Profitability and Efficiency Metrics
Kansai Nerolac Paints has demonstrated solid profitability metrics, with a net profit of ₹1,109 Cr for FY 2025, which is an increase from ₹1,176 Cr in FY 2024. The company’s return on equity (ROE) stood at 10.4%, which is indicative of effective capital management, although it remains below the industry average. The interest coverage ratio (ICR) is notably strong at 38.33, suggesting that the company can comfortably meet its interest obligations, reflecting financial stability. The cash conversion cycle (CCC) is recorded at 109 days, which indicates a reasonably efficient operational cycle. However, the decline in operating profit margin from 14% to 12% signals potential challenges in managing production costs or pricing strategies. Overall, while profitability remains healthy, maintaining margins will be crucial in the face of rising input costs.
Balance Sheet Strength and Financial Ratios
Kansai Nerolac Paints showcases a solid balance sheet with total assets of ₹8,217 Cr against total liabilities of ₹8,217 Cr, demonstrating a well-structured financial position. The company has reported reserves of ₹6,342 Cr, significantly outpacing borrowings of ₹296 Cr, which results in a low debt-to-equity ratio of 0.02, indicating minimal reliance on external financing. The current ratio stands at 3.12, suggesting strong liquidity, while the quick ratio of 2.01 further reinforces this position. The price-to-book value (P/BV) ratio is recorded at 3.80x, which may indicate that the stock is trading at a premium relative to its book value. These financial ratios reflect a conservative approach to leveraging, positioning the company well for future growth opportunities and potential downturns in the market.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Kansai Nerolac Paints indicates a strong promoter stake of 74.98%, reflecting a high level of confidence from the company’s founders in its long-term prospects. Foreign institutional investors (FIIs) hold 5.40%, while domestic institutional investors (DIIs) account for 10.20%, which suggests a balanced mix of institutional support. The public shareholding stands at 9.41%, with a total of 156,007 shareholders as of June 2025. The consistent promoter ownership and gradual increase in institutional holdings may enhance investor confidence in the company. However, the slight decrease in public shareholding from 8.49% in June 2023 to 9.41% in June 2025 could indicate a shift in retail investor sentiment, warranting close monitoring of future trends in investor engagement.
Outlook, Risks, and Final Insight
If margins sustain despite input cost pressures, Kansai Nerolac Paints could leverage its strong market position to enhance profitability further. However, risks include potential volatility in raw material prices, which could impact operating margins. Additionally, competition within the paint industry is intensifying, necessitating continuous innovation and marketing efforts. The company’s strong balance sheet provides a buffer against economic uncertainties, allowing it to invest in growth initiatives. If the company can effectively manage its operational efficiencies and maintain a robust distribution network, it may capitalize on the growing demand for paint products in the Indian market. Overall, while Kansai Nerolac Paints is well-positioned for growth, vigilance toward market dynamics and operational challenges will be key to sustaining its performance.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Kansai Nerolac Paints Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Sirca Paints India Ltd | 2,742 Cr. | 500 | 513/231 | 51.6 | 63.8 | 0.30 % | 20.0 % | 14.9 % | 10.0 |
| Shalimar Paints Ltd | 665 Cr. | 79.5 | 144/69.7 | 37.6 | 0.00 % | 12.8 % | 22.6 % | 2.00 | |
| Kansai Nerolac Paints Ltd | 19,822 Cr. | 245 | 291/218 | 31.0 | 79.4 | 1.02 % | 13.0 % | 10.4 % | 1.00 |
| Berger Paints India Ltd | 62,131 Cr. | 533 | 605/438 | 53.2 | 52.8 | 0.71 % | 24.9 % | 20.3 % | 1.00 |
| Akzo Nobel India Ltd | 15,437 Cr. | 3,390 | 4,674/3,022 | 38.1 | 292 | 2.95 % | 41.7 % | 32.2 % | 10.0 |
| Industry Average | 55,322.50 Cr | 1,192.92 | 46.78 | 121.27 | 1.00% | 23.02% | 20.17% | 4.17 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,051 | 1,931 | 1,827 | 1,734 | 2,157 | 1,957 | 1,919 | 1,769 | 2,133 | 1,951 | 1,922 | 1,817 | 2,162 |
| Expenses | 1,796 | 1,732 | 1,631 | 1,565 | 1,825 | 1,683 | 1,675 | 1,590 | 1,803 | 1,739 | 1,687 | 1,651 | 1,859 |
| Operating Profit | 255 | 199 | 195 | 168 | 332 | 273 | 244 | 179 | 330 | 212 | 235 | 166 | 303 |
| OPM % | 12% | 10% | 11% | 10% | 15% | 14% | 13% | 10% | 15% | 11% | 12% | 9% | 14% |
| Other Income | 5 | 4 | 7 | 10 | 678 | 22 | 20 | 33 | 34 | 27 | 671 | 37 | 53 |
| Interest | 8 | 6 | 7 | 7 | 7 | 8 | 7 | 7 | 7 | 7 | 9 | 8 | 7 |
| Depreciation | 43 | 45 | 46 | 46 | 47 | 47 | 48 | 48 | 48 | 49 | 53 | 52 | 53 |
| Profit before tax | 208 | 152 | 149 | 125 | 956 | 240 | 208 | 157 | 308 | 183 | 844 | 144 | 295 |
| Tax % | 27% | 27% | 27% | 23% | 23% | 27% | 27% | 27% | 27% | 34% | 22% | 29% | 27% |
| Net Profit | 152 | 111 | 109 | 96 | 734 | 175 | 152 | 114 | 225 | 120 | 662 | 102 | 216 |
| EPS in Rs | 1.93 | 1.40 | 1.36 | 1.16 | 9.13 | 2.19 | 1.91 | 1.44 | 2.86 | 1.52 | 8.42 | 1.34 | 2.73 |
Last Updated: August 20, 2025, 8:20 am
Below is a detailed analysis of the quarterly data for Kansai Nerolac Paints Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 2,162.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,817.00 Cr. (Mar 2025) to 2,162.00 Cr., marking an increase of 345.00 Cr..
- For Expenses, as of Jun 2025, the value is 1,859.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,651.00 Cr. (Mar 2025) to 1,859.00 Cr., marking an increase of 208.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 303.00 Cr.. The value appears strong and on an upward trend. It has increased from 166.00 Cr. (Mar 2025) to 303.00 Cr., marking an increase of 137.00 Cr..
- For OPM %, as of Jun 2025, the value is 14.00%. The value appears strong and on an upward trend. It has increased from 9.00% (Mar 2025) to 14.00%, marking an increase of 5.00%.
- For Other Income, as of Jun 2025, the value is 53.00 Cr.. The value appears strong and on an upward trend. It has increased from 37.00 Cr. (Mar 2025) to 53.00 Cr., marking an increase of 16.00 Cr..
- For Interest, as of Jun 2025, the value is 7.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 8.00 Cr. (Mar 2025) to 7.00 Cr., marking a decrease of 1.00 Cr..
- For Depreciation, as of Jun 2025, the value is 53.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 52.00 Cr. (Mar 2025) to 53.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 295.00 Cr.. The value appears strong and on an upward trend. It has increased from 144.00 Cr. (Mar 2025) to 295.00 Cr., marking an increase of 151.00 Cr..
- For Tax %, as of Jun 2025, the value is 27.00%. The value appears to be improving (decreasing) as expected. It has decreased from 29.00% (Mar 2025) to 27.00%, marking a decrease of 2.00%.
- For Net Profit, as of Jun 2025, the value is 216.00 Cr.. The value appears strong and on an upward trend. It has increased from 102.00 Cr. (Mar 2025) to 216.00 Cr., marking an increase of 114.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 2.73. The value appears strong and on an upward trend. It has increased from 1.34 (Mar 2025) to 2.73, marking an increase of 1.39.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:01 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,120 | 3,505 | 3,767 | 4,053 | 4,658 | 5,424 | 5,280 | 5,074 | 6,369 | 7,543 | 7,801 | 7,823 | 7,852 |
| Expenses | 2,753 | 3,054 | 3,182 | 3,315 | 3,864 | 4,672 | 4,476 | 4,211 | 5,720 | 6,725 | 6,774 | 6,881 | 6,936 |
| Operating Profit | 367 | 451 | 585 | 737 | 794 | 753 | 804 | 863 | 649 | 818 | 1,028 | 942 | 916 |
| OPM % | 12% | 13% | 16% | 18% | 17% | 14% | 15% | 17% | 10% | 11% | 13% | 12% | 12% |
| Other Income | 10 | 22 | 563 | 98 | 71 | 61 | 26 | 38 | 25 | 26 | 753 | 769 | 787 |
| Interest | 2 | 1 | 0 | 0 | 1 | 10 | 21 | 24 | 29 | 29 | 29 | 31 | 31 |
| Depreciation | 66 | 68 | 68 | 70 | 77 | 106 | 142 | 165 | 170 | 180 | 190 | 202 | 206 |
| Profit before tax | 310 | 404 | 1,079 | 765 | 787 | 697 | 667 | 712 | 476 | 635 | 1,561 | 1,478 | 1,465 |
| Tax % | 33% | 32% | 16% | 33% | 35% | 36% | 23% | 26% | 28% | 26% | 25% | 25% | |
| Net Profit | 209 | 275 | 902 | 510 | 514 | 448 | 516 | 526 | 343 | 468 | 1,176 | 1,109 | 1,100 |
| EPS in Rs | 2.57 | 3.39 | 11.15 | 6.29 | 6.36 | 5.60 | 6.44 | 6.55 | 4.44 | 5.86 | 14.66 | 14.14 | 14.01 |
| Dividend Payout % | 29% | 28% | 18% | 32% | 27% | 31% | 33% | 53% | 34% | 31% | 26% | 27% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 31.58% | 228.00% | -43.46% | 0.78% | -12.84% | 15.18% | 1.94% | -34.79% | 36.44% | 151.28% | -5.70% |
| Change in YoY Net Profit Growth (%) | 0.00% | 196.42% | -271.46% | 44.24% | -13.62% | 28.02% | -13.24% | -36.73% | 71.23% | 114.84% | -156.98% |
Kansai Nerolac Paints Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 7% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 4% |
| 3 Years: | 22% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -6% |
| 3 Years: | -10% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 10% |
Last Updated: September 5, 2025, 8:50 am
Balance Sheet
Last Updated: June 16, 2025, 11:51 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 81 | 81 |
| Reserves | 1,372 | 1,548 | 2,456 | 2,761 | 3,078 | 3,362 | 3,706 | 3,999 | 4,078 | 4,480 | 5,502 | 6,342 |
| Borrowings | 68 | 51 | 46 | 29 | 35 | 108 | 178 | 173 | 203 | 287 | 276 | 296 |
| Other Liabilities | 786 | 720 | 685 | 793 | 962 | 994 | 945 | 1,307 | 1,374 | 1,486 | 1,551 | 1,497 |
| Total Liabilities | 2,280 | 2,373 | 3,240 | 3,636 | 4,130 | 4,518 | 4,884 | 5,533 | 5,709 | 6,306 | 7,410 | 8,217 |
| Fixed Assets | 922 | 916 | 937 | 957 | 1,036 | 1,465 | 1,906 | 1,912 | 1,996 | 2,108 | 2,182 | 2,246 |
| CWIP | 48 | 44 | 42 | 154 | 346 | 316 | 169 | 207 | 225 | 113 | 153 | 226 |
| Investments | 49 | 208 | 539 | 531 | 521 | 197 | 306 | 669 | 211 | 501 | 1,327 | 1,850 |
| Other Assets | 1,261 | 1,205 | 1,722 | 1,993 | 2,228 | 2,540 | 2,502 | 2,745 | 3,278 | 3,584 | 3,748 | 3,895 |
| Total Assets | 2,280 | 2,373 | 3,240 | 3,636 | 4,130 | 4,518 | 4,884 | 5,533 | 5,709 | 6,306 | 7,410 | 8,217 |
Below is a detailed analysis of the balance sheet data for Kansai Nerolac Paints Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 81.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 81.00 Cr..
- For Reserves, as of Mar 2025, the value is 6,342.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,502.00 Cr. (Mar 2024) to 6,342.00 Cr., marking an increase of 840.00 Cr..
- For Borrowings, as of Mar 2025, the value is 296.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 276.00 Cr. (Mar 2024) to 296.00 Cr., marking an increase of 20.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 1,497.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,551.00 Cr. (Mar 2024) to 1,497.00 Cr., marking a decrease of 54.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 8,217.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 7,410.00 Cr. (Mar 2024) to 8,217.00 Cr., marking an increase of 807.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 2,246.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,182.00 Cr. (Mar 2024) to 2,246.00 Cr., marking an increase of 64.00 Cr..
- For CWIP, as of Mar 2025, the value is 226.00 Cr.. The value appears strong and on an upward trend. It has increased from 153.00 Cr. (Mar 2024) to 226.00 Cr., marking an increase of 73.00 Cr..
- For Investments, as of Mar 2025, the value is 1,850.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,327.00 Cr. (Mar 2024) to 1,850.00 Cr., marking an increase of 523.00 Cr..
- For Other Assets, as of Mar 2025, the value is 3,895.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,748.00 Cr. (Mar 2024) to 3,895.00 Cr., marking an increase of 147.00 Cr..
- For Total Assets, as of Mar 2025, the value is 8,217.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,410.00 Cr. (Mar 2024) to 8,217.00 Cr., marking an increase of 807.00 Cr..
Notably, the Reserves (6,342.00 Cr.) exceed the Borrowings (296.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 299.00 | 400.00 | 539.00 | 708.00 | 759.00 | 645.00 | 626.00 | 690.00 | 446.00 | 531.00 | -275.00 | 646.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55 | 54 | 53 | 53 | 55 | 51 | 54 | 69 | 63 | 60 | 62 | 63 |
| Inventory Days | 125 | 95 | 90 | 123 | 107 | 132 | 127 | 158 | 153 | 134 | 136 | 133 |
| Days Payable | 84 | 56 | 85 | 98 | 90 | 82 | 75 | 120 | 92 | 79 | 88 | 88 |
| Cash Conversion Cycle | 96 | 93 | 58 | 78 | 72 | 101 | 106 | 107 | 123 | 115 | 110 | 109 |
| Working Capital Days | 55 | 51 | 48 | 80 | 64 | 73 | 74 | 82 | 91 | 81 | 77 | 82 |
| ROCE % | 22% | 25% | 25% | 26% | 25% | 20% | 18% | 18% | 11% | 14% | 17% | 13% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Canara Robeco Emerging Equities | 4,822,792 | 0.83 | 164.82 | 4,822,792 | 2025-04-22 17:25:29 | 0% |
| Franklin India Flexi Cap Fund | 3,600,000 | 0.87 | 123.03 | 3,600,000 | 2025-04-22 17:25:29 | 0% |
| Nippon India Growth Fund | 3,510,000 | 0.49 | 119.95 | 3,510,000 | 2025-04-22 17:25:29 | 0% |
| Kotak Multicap Fund | 2,797,438 | 1.07 | 95.6 | 2,797,438 | 2025-04-22 17:25:29 | 0% |
| Nippon India Multi Cap Fund | 2,775,000 | 0.37 | 94.84 | 2,775,000 | 2025-04-22 17:25:29 | 0% |
| Aditya Birla Sun Life MNC Fund - Div | 1,954,343 | 1.86 | 66.79 | 1,954,343 | 2025-04-22 17:25:29 | 0% |
| Aditya Birla Sun Life MNC Fund - Gr | 1,954,343 | 1.86 | 66.79 | 1,954,343 | 2025-04-22 17:25:29 | 0% |
| Franklin India ELSS Tax Saver Fund | 1,650,000 | 0.93 | 56.39 | 1,650,000 | 2025-04-22 17:25:29 | 0% |
| Sundaram Mid Cap Fund | 1,556,584 | 0.53 | 53.2 | 1,556,584 | 2025-04-22 17:25:29 | 0% |
| Sundaram Mid Cap Fund - Institutional Plan | 1,556,584 | 0.53 | 53.2 | 1,556,584 | 2025-04-22 17:25:29 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Basic EPS (Rs.) | 14.14 | 14.66 | 8.79 | 6.66 | 9.83 |
| Diluted EPS (Rs.) | 14.12 | 14.65 | 8.78 | 6.66 | 9.83 |
| Cash EPS (Rs.) | 16.22 | 16.90 | 12.03 | 9.52 | 12.82 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 79.46 | 69.26 | 84.62 | 77.04 | 75.88 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 79.46 | 69.26 | 84.62 | 77.04 | 75.88 |
| Revenue From Operations / Share (Rs.) | 96.77 | 96.50 | 139.97 | 118.19 | 94.16 |
| PBDIT / Share (Rs.) | 13.38 | 13.85 | 15.66 | 12.52 | 16.73 |
| PBIT / Share (Rs.) | 10.88 | 11.49 | 12.32 | 9.37 | 13.66 |
| PBT / Share (Rs.) | 18.28 | 19.31 | 11.78 | 8.84 | 13.22 |
| Net Profit / Share (Rs.) | 13.72 | 14.55 | 8.69 | 6.37 | 9.76 |
| NP After MI And SOA / Share (Rs.) | 14.14 | 14.66 | 8.79 | 6.66 | 9.83 |
| PBDIT Margin (%) | 13.82 | 14.35 | 11.18 | 10.59 | 17.76 |
| PBIT Margin (%) | 11.24 | 11.91 | 8.80 | 7.92 | 14.50 |
| PBT Margin (%) | 18.89 | 20.01 | 8.41 | 7.47 | 14.04 |
| Net Profit Margin (%) | 14.18 | 15.07 | 6.21 | 5.38 | 10.36 |
| NP After MI And SOA Margin (%) | 14.61 | 15.19 | 6.27 | 5.63 | 10.43 |
| Return on Networth / Equity (%) | 17.79 | 21.23 | 10.44 | 8.68 | 13.07 |
| Return on Capital Employeed (%) | 13.00 | 15.77 | 13.83 | 11.52 | 17.14 |
| Return On Assets (%) | 13.90 | 15.99 | 7.50 | 6.28 | 9.57 |
| Total Debt / Equity (X) | 0.01 | 0.02 | 0.03 | 0.04 | 0.04 |
| Asset Turnover Ratio (%) | 1.00 | 1.14 | 1.26 | 1.09 | 0.92 |
| Current Ratio (X) | 3.69 | 3.12 | 2.52 | 2.44 | 2.56 |
| Quick Ratio (X) | 2.54 | 2.01 | 1.38 | 1.21 | 1.60 |
| Inventory Turnover Ratio (X) | 2.73 | 2.67 | 2.91 | 2.94 | 2.57 |
| Dividend Payout Ratio (NP) (%) | 26.52 | 12.27 | 11.37 | 78.83 | 44.76 |
| Dividend Payout Ratio (CP) (%) | 22.54 | 10.57 | 8.24 | 53.51 | 34.11 |
| Earning Retention Ratio (%) | 73.48 | 87.73 | 88.63 | 21.17 | 55.24 |
| Cash Earning Retention Ratio (%) | 77.46 | 89.43 | 91.76 | 46.49 | 65.89 |
| Interest Coverage Ratio (X) | 34.61 | 38.33 | 29.10 | 23.60 | 37.97 |
| Interest Coverage Ratio (Post Tax) (X) | 16.35 | 18.62 | 17.15 | 13.00 | 23.14 |
| Enterprise Value (Cr.) | 18612.44 | 21077.08 | 20861.38 | 25293.70 | 32447.63 |
| EV / Net Operating Revenue (X) | 2.38 | 2.70 | 2.77 | 3.97 | 6.39 |
| EV / EBITDA (X) | 17.21 | 18.82 | 24.72 | 37.48 | 35.99 |
| MarketCap / Net Operating Revenue (X) | 2.40 | 2.72 | 2.76 | 3.95 | 6.38 |
| Retention Ratios (%) | 73.47 | 87.72 | 88.62 | 21.16 | 55.23 |
| Price / BV (X) | 2.93 | 3.80 | 4.59 | 6.09 | 7.99 |
| Price / Net Operating Revenue (X) | 2.40 | 2.72 | 2.76 | 3.95 | 6.38 |
| EarningsYield | 0.06 | 0.05 | 0.02 | 0.01 | 0.01 |
After reviewing the key financial ratios for Kansai Nerolac Paints Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 14.14. This value is within the healthy range. It has decreased from 14.66 (Mar 24) to 14.14, marking a decrease of 0.52.
- For Diluted EPS (Rs.), as of Mar 25, the value is 14.12. This value is within the healthy range. It has decreased from 14.65 (Mar 24) to 14.12, marking a decrease of 0.53.
- For Cash EPS (Rs.), as of Mar 25, the value is 16.22. This value is within the healthy range. It has decreased from 16.90 (Mar 24) to 16.22, marking a decrease of 0.68.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 79.46. It has increased from 69.26 (Mar 24) to 79.46, marking an increase of 10.20.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 79.46. It has increased from 69.26 (Mar 24) to 79.46, marking an increase of 10.20.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 96.77. It has increased from 96.50 (Mar 24) to 96.77, marking an increase of 0.27.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 13.38. This value is within the healthy range. It has decreased from 13.85 (Mar 24) to 13.38, marking a decrease of 0.47.
- For PBIT / Share (Rs.), as of Mar 25, the value is 10.88. This value is within the healthy range. It has decreased from 11.49 (Mar 24) to 10.88, marking a decrease of 0.61.
- For PBT / Share (Rs.), as of Mar 25, the value is 18.28. This value is within the healthy range. It has decreased from 19.31 (Mar 24) to 18.28, marking a decrease of 1.03.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 13.72. This value is within the healthy range. It has decreased from 14.55 (Mar 24) to 13.72, marking a decrease of 0.83.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 14.14. This value is within the healthy range. It has decreased from 14.66 (Mar 24) to 14.14, marking a decrease of 0.52.
- For PBDIT Margin (%), as of Mar 25, the value is 13.82. This value is within the healthy range. It has decreased from 14.35 (Mar 24) to 13.82, marking a decrease of 0.53.
- For PBIT Margin (%), as of Mar 25, the value is 11.24. This value is within the healthy range. It has decreased from 11.91 (Mar 24) to 11.24, marking a decrease of 0.67.
- For PBT Margin (%), as of Mar 25, the value is 18.89. This value is within the healthy range. It has decreased from 20.01 (Mar 24) to 18.89, marking a decrease of 1.12.
- For Net Profit Margin (%), as of Mar 25, the value is 14.18. This value exceeds the healthy maximum of 10. It has decreased from 15.07 (Mar 24) to 14.18, marking a decrease of 0.89.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 14.61. This value is within the healthy range. It has decreased from 15.19 (Mar 24) to 14.61, marking a decrease of 0.58.
- For Return on Networth / Equity (%), as of Mar 25, the value is 17.79. This value is within the healthy range. It has decreased from 21.23 (Mar 24) to 17.79, marking a decrease of 3.44.
- For Return on Capital Employeed (%), as of Mar 25, the value is 13.00. This value is within the healthy range. It has decreased from 15.77 (Mar 24) to 13.00, marking a decrease of 2.77.
- For Return On Assets (%), as of Mar 25, the value is 13.90. This value is within the healthy range. It has decreased from 15.99 (Mar 24) to 13.90, marking a decrease of 2.09.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.01. This value is within the healthy range. It has decreased from 0.02 (Mar 24) to 0.01, marking a decrease of 0.01.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.00. It has decreased from 1.14 (Mar 24) to 1.00, marking a decrease of 0.14.
- For Current Ratio (X), as of Mar 25, the value is 3.69. This value exceeds the healthy maximum of 3. It has increased from 3.12 (Mar 24) to 3.69, marking an increase of 0.57.
- For Quick Ratio (X), as of Mar 25, the value is 2.54. This value exceeds the healthy maximum of 2. It has increased from 2.01 (Mar 24) to 2.54, marking an increase of 0.53.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 2.73. This value is below the healthy minimum of 4. It has increased from 2.67 (Mar 24) to 2.73, marking an increase of 0.06.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 26.52. This value is within the healthy range. It has increased from 12.27 (Mar 24) to 26.52, marking an increase of 14.25.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 22.54. This value is within the healthy range. It has increased from 10.57 (Mar 24) to 22.54, marking an increase of 11.97.
- For Earning Retention Ratio (%), as of Mar 25, the value is 73.48. This value exceeds the healthy maximum of 70. It has decreased from 87.73 (Mar 24) to 73.48, marking a decrease of 14.25.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 77.46. This value exceeds the healthy maximum of 70. It has decreased from 89.43 (Mar 24) to 77.46, marking a decrease of 11.97.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 34.61. This value is within the healthy range. It has decreased from 38.33 (Mar 24) to 34.61, marking a decrease of 3.72.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 16.35. This value is within the healthy range. It has decreased from 18.62 (Mar 24) to 16.35, marking a decrease of 2.27.
- For Enterprise Value (Cr.), as of Mar 25, the value is 18,612.44. It has decreased from 21,077.08 (Mar 24) to 18,612.44, marking a decrease of 2,464.64.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.38. This value is within the healthy range. It has decreased from 2.70 (Mar 24) to 2.38, marking a decrease of 0.32.
- For EV / EBITDA (X), as of Mar 25, the value is 17.21. This value exceeds the healthy maximum of 15. It has decreased from 18.82 (Mar 24) to 17.21, marking a decrease of 1.61.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.40. This value is within the healthy range. It has decreased from 2.72 (Mar 24) to 2.40, marking a decrease of 0.32.
- For Retention Ratios (%), as of Mar 25, the value is 73.47. This value exceeds the healthy maximum of 70. It has decreased from 87.72 (Mar 24) to 73.47, marking a decrease of 14.25.
- For Price / BV (X), as of Mar 25, the value is 2.93. This value is within the healthy range. It has decreased from 3.80 (Mar 24) to 2.93, marking a decrease of 0.87.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.40. This value is within the healthy range. It has decreased from 2.72 (Mar 24) to 2.40, marking a decrease of 0.32.
- For EarningsYield, as of Mar 25, the value is 0.06. This value is below the healthy minimum of 5. It has increased from 0.05 (Mar 24) to 0.06, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Kansai Nerolac Paints Ltd:
- Net Profit Margin: 14.18%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 13% (Industry Average ROCE: 23.02%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 17.79% (Industry Average ROE: 20.17%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 16.35
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 2.54
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 31 (Industry average Stock P/E: 46.78)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.01
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 14.18%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Paints/Varnishes | 28th Floor, A-wing, Marathon Futurex, Mumbai Maharashtra 400013 | investor@nerolac.com http://www.nerolac.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Bhaskar Bhat | Chairman & Ind.Dire (Non-Exe) |
| Mr. Pravin Chaudhari | Managing Director |
| Mr. Hirokazu Kotera | Executive Director |
| Mr. Gen Yokota | Non Executive Director |
| Mr. Takashi Tomioka | Non Executive Director |
| Ms. Sonia Singh | Ind. Non-Executive Director |
| Mr. Uday S Bhansali | Ind. Non-Executive Director |
FAQ
What is the intrinsic value of Kansai Nerolac Paints Ltd?
Kansai Nerolac Paints Ltd's intrinsic value (as of 17 October 2025) is 206.88 which is 15.56% lower the current market price of 245.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 19,822 Cr. market cap, FY2025-2026 high/low of 291/218, reserves of ₹6,342 Cr, and liabilities of 8,217 Cr.
What is the Market Cap of Kansai Nerolac Paints Ltd?
The Market Cap of Kansai Nerolac Paints Ltd is 19,822 Cr..
What is the current Stock Price of Kansai Nerolac Paints Ltd as on 17 October 2025?
The current stock price of Kansai Nerolac Paints Ltd as on 17 October 2025 is 245.
What is the High / Low of Kansai Nerolac Paints Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Kansai Nerolac Paints Ltd stocks is 291/218.
What is the Stock P/E of Kansai Nerolac Paints Ltd?
The Stock P/E of Kansai Nerolac Paints Ltd is 31.0.
What is the Book Value of Kansai Nerolac Paints Ltd?
The Book Value of Kansai Nerolac Paints Ltd is 79.4.
What is the Dividend Yield of Kansai Nerolac Paints Ltd?
The Dividend Yield of Kansai Nerolac Paints Ltd is 1.02 %.
What is the ROCE of Kansai Nerolac Paints Ltd?
The ROCE of Kansai Nerolac Paints Ltd is 13.0 %.
What is the ROE of Kansai Nerolac Paints Ltd?
The ROE of Kansai Nerolac Paints Ltd is 10.4 %.
What is the Face Value of Kansai Nerolac Paints Ltd?
The Face Value of Kansai Nerolac Paints Ltd is 1.00.