Share Price and Basic Stock Data
Last Updated: January 24, 2026, 4:13 pm
| PEG Ratio | 1.08 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Kansai Nerolac Paints Ltd operates within the paints and varnishes sector, positioning itself as a prominent player in the Indian market. As of the latest reports, the company’s share price stood at ₹230, with a market capitalization of ₹18,678 Cr. Over the past fiscal years, the company demonstrated a robust upward trajectory in sales, which rose from ₹6,369 Cr in FY 2022 to ₹7,543 Cr in FY 2023, and further to ₹7,801 Cr in FY 2024. The trailing twelve months (TTM) sales reached ₹7,855 Cr, reflecting a consistent growth trend. Quarterly sales figures depict fluctuations, with the highest reported sales of ₹2,157 Cr in June 2023 and a notable drop to ₹1,734 Cr in March 2023. This volatility suggests seasonal influences or market dynamics affecting demand. Overall, the revenue growth trajectory affirms Kansai Nerolac’s competitive stance within the industry.
Profitability and Efficiency Metrics
Kansai Nerolac’s profitability metrics reflect a stable operational performance, with a reported net profit of ₹1,114 Cr for the latest fiscal year. The operating profit margin (OPM) stood at 11%, indicating an efficient cost management strategy. The company’s return on equity (ROE) was recorded at 10.4%, while the return on capital employed (ROCE) was 13.0%, both of which are indicative of a healthy return generation relative to equity and capital employed. The interest coverage ratio (ICR) is particularly strong at 34.61x, showcasing the company’s ability to meet interest obligations comfortably. Furthermore, the cash conversion cycle (CCC) was reported at 109 days, suggesting effective management of receivables and inventory. However, the OPM has seen fluctuations, peaking at 15% in June 2023, which may indicate potential areas for improvement in sustaining margins amidst operational pressures.
Balance Sheet Strength and Financial Ratios
The balance sheet of Kansai Nerolac demonstrates sound financial health, with total assets reported at ₹8,217 Cr and total liabilities at ₹8,217 Cr as of FY 2025. The company’s reserves have increased significantly from ₹4,480 Cr in FY 2023 to ₹6,342 Cr in FY 2025, showcasing a solid foundation for future growth. Borrowings remained low at ₹296 Cr, resulting in a debt-to-equity ratio of 0.01, reflecting a conservative leverage strategy. The current ratio is strong at 3.69, indicating ample liquidity to cover short-term obligations. Financial ratios such as the price-to-book value (P/BV) stood at 2.93x, aligning well with sector norms, which typically range from 2.0 to 4.0. The dividend payout ratio of 26.52% illustrates a balanced approach to capital allocation, rewarding shareholders while retaining sufficient earnings for reinvestment.
Shareholding Pattern and Investor Confidence
Kansai Nerolac’s shareholding structure reveals a strong promoter confidence, with promoters holding 74.98% of the equity. This high level of promoter ownership is indicative of alignment between management interests and shareholder value. Foreign institutional investors (FIIs) accounted for 5.61%, while domestic institutional investors (DIIs) held 10.03%, reflecting a diverse investor base. The number of shareholders has increased significantly, rising to 149,919, which underscores growing interest and confidence in the company’s prospects. However, the declining trend in DII holdings, from 13.34% in December 2022 to 10.03% in September 2025, may warrant attention, as it could reflect shifting institutional sentiment. Overall, the stable promoter holding and increasing retail participation suggest a positive outlook for investor confidence in Kansai Nerolac.
Outlook, Risks, and Final Insight
The outlook for Kansai Nerolac Paints reflects a company poised for continued growth, driven by its strong market position and financial health. The increasing sales figures and robust profitability metrics indicate a resilient business model. However, risks such as fluctuating raw material costs and potential economic slowdowns in the construction and real estate sectors could impact future performance. Additionally, the variability in quarterly sales highlights the need for effective demand forecasting and inventory management. In light of these factors, the company’s focus on innovation and expanding its product portfolio will be critical in navigating market challenges. Should Kansai Nerolac effectively leverage its strengths while addressing these risks, it is well-positioned to capitalize on growth opportunities in the evolving Indian paints market.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Sirca Paints India Ltd | 2,612 Cr. | 460 | 539/231 | 45.1 | 78.0 | 0.33 % | 20.0 % | 14.9 % | 10.0 |
| Shalimar Paints Ltd | 501 Cr. | 59.9 | 144/54.1 | 34.0 | 0.00 % | 12.8 % | 22.6 % | 2.00 | |
| Kansai Nerolac Paints Ltd | 18,360 Cr. | 227 | 275/218 | 28.2 | 80.1 | 1.10 % | 13.0 % | 10.4 % | 1.00 |
| Berger Paints India Ltd | 58,823 Cr. | 504 | 605/458 | 53.2 | 53.9 | 0.75 % | 24.9 % | 20.3 % | 1.00 |
| Akzo Nobel India Ltd | 13,382 Cr. | 2,939 | 3,916/2,910 | 34.3 | 495 | 3.40 % | 41.7 % | 32.2 % | 10.0 |
| Industry Average | 58,836.00 Cr | 1,148.98 | 45.06 | 157.50 | 1.08% | 23.02% | 20.17% | 4.17 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,931 | 1,827 | 1,734 | 2,157 | 1,957 | 1,919 | 1,769 | 2,133 | 1,951 | 1,922 | 1,817 | 2,162 | 1,954 |
| Expenses | 1,732 | 1,631 | 1,565 | 1,825 | 1,683 | 1,675 | 1,590 | 1,803 | 1,739 | 1,687 | 1,651 | 1,859 | 1,739 |
| Operating Profit | 199 | 195 | 168 | 332 | 273 | 244 | 179 | 330 | 212 | 235 | 166 | 303 | 215 |
| OPM % | 10% | 11% | 10% | 15% | 14% | 13% | 10% | 15% | 11% | 12% | 9% | 14% | 11% |
| Other Income | 4 | 7 | 10 | 678 | 22 | 20 | 33 | 34 | 27 | 671 | 37 | 53 | 28 |
| Interest | 6 | 7 | 7 | 7 | 8 | 7 | 7 | 7 | 7 | 9 | 8 | 7 | 8 |
| Depreciation | 45 | 46 | 46 | 47 | 47 | 48 | 48 | 48 | 49 | 53 | 52 | 53 | 54 |
| Profit before tax | 152 | 149 | 125 | 956 | 240 | 208 | 157 | 308 | 183 | 844 | 144 | 295 | 182 |
| Tax % | 27% | 27% | 23% | 23% | 27% | 27% | 27% | 27% | 34% | 22% | 29% | 27% | 27% |
| Net Profit | 111 | 109 | 96 | 734 | 175 | 152 | 114 | 225 | 120 | 662 | 102 | 216 | 133 |
| EPS in Rs | 1.40 | 1.36 | 1.16 | 9.13 | 2.19 | 1.91 | 1.44 | 2.86 | 1.52 | 8.42 | 1.34 | 2.73 | 1.67 |
Last Updated: December 30, 2025, 7:35 am
Below is a detailed analysis of the quarterly data for Kansai Nerolac Paints Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 1,954.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,162.00 Cr. (Jun 2025) to 1,954.00 Cr., marking a decrease of 208.00 Cr..
- For Expenses, as of Sep 2025, the value is 1,739.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,859.00 Cr. (Jun 2025) to 1,739.00 Cr., marking a decrease of 120.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 215.00 Cr.. The value appears to be declining and may need further review. It has decreased from 303.00 Cr. (Jun 2025) to 215.00 Cr., marking a decrease of 88.00 Cr..
- For OPM %, as of Sep 2025, the value is 11.00%. The value appears to be declining and may need further review. It has decreased from 14.00% (Jun 2025) to 11.00%, marking a decrease of 3.00%.
- For Other Income, as of Sep 2025, the value is 28.00 Cr.. The value appears to be declining and may need further review. It has decreased from 53.00 Cr. (Jun 2025) to 28.00 Cr., marking a decrease of 25.00 Cr..
- For Interest, as of Sep 2025, the value is 8.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 7.00 Cr. (Jun 2025) to 8.00 Cr., marking an increase of 1.00 Cr..
- For Depreciation, as of Sep 2025, the value is 54.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 53.00 Cr. (Jun 2025) to 54.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 182.00 Cr.. The value appears to be declining and may need further review. It has decreased from 295.00 Cr. (Jun 2025) to 182.00 Cr., marking a decrease of 113.00 Cr..
- For Tax %, as of Sep 2025, the value is 27.00%. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 27.00%.
- For Net Profit, as of Sep 2025, the value is 133.00 Cr.. The value appears to be declining and may need further review. It has decreased from 216.00 Cr. (Jun 2025) to 133.00 Cr., marking a decrease of 83.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 1.67. The value appears to be declining and may need further review. It has decreased from 2.73 (Jun 2025) to 1.67, marking a decrease of 1.06.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 5:06 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 | 7,855 |
| 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 | 919 |
| 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 | 789 |
| Interest | 2 | 1 | 0 | 0 | 1 | 10 | 21 | 24 | 29 | 29 | 29 | 31 | 32 |
| Depreciation | 66 | 68 | 68 | 70 | 77 | 106 | 142 | 165 | 170 | 180 | 190 | 202 | 212 |
| Profit before tax | 310 | 404 | 1,079 | 765 | 787 | 697 | 667 | 712 | 476 | 635 | 1,561 | 1,478 | 1,464 |
| 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 | 1,114 |
| 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 | 14.16 |
| 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: December 4, 2025, 1:30 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 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 81 | 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 | 6,392 |
| Borrowings | 68 | 51 | 46 | 29 | 35 | 108 | 178 | 173 | 203 | 287 | 276 | 296 | 276 |
| Other Liabilities | 786 | 720 | 685 | 793 | 962 | 994 | 945 | 1,307 | 1,374 | 1,486 | 1,551 | 1,497 | 1,590 |
| 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 | 8,339 |
| Fixed Assets | 922 | 916 | 937 | 957 | 1,036 | 1,465 | 1,906 | 1,912 | 1,996 | 2,108 | 2,182 | 2,246 | 2,311 |
| CWIP | 48 | 44 | 42 | 154 | 346 | 316 | 169 | 207 | 225 | 113 | 153 | 226 | 189 |
| Investments | 49 | 208 | 539 | 531 | 521 | 197 | 306 | 669 | 211 | 501 | 1,327 | 1,850 | 1,730 |
| 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 | 4,109 |
| 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 | 8,339 |
Below is a detailed analysis of the balance sheet data for Kansai Nerolac Paints Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Equity Capital, as of Sep 2025, the value is 81.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 81.00 Cr..
- For Reserves, as of Sep 2025, the value is 6,392.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,342.00 Cr. (Mar 2025) to 6,392.00 Cr., marking an increase of 50.00 Cr..
- For Borrowings, as of Sep 2025, the value is 276.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 296.00 Cr. (Mar 2025) to 276.00 Cr., marking a decrease of 20.00 Cr..
- For Other Liabilities, as of Sep 2025, the value is 1,590.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,497.00 Cr. (Mar 2025) to 1,590.00 Cr., marking an increase of 93.00 Cr..
- For Total Liabilities, as of Sep 2025, the value is 8,339.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8,217.00 Cr. (Mar 2025) to 8,339.00 Cr., marking an increase of 122.00 Cr..
- For Fixed Assets, as of Sep 2025, the value is 2,311.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,246.00 Cr. (Mar 2025) to 2,311.00 Cr., marking an increase of 65.00 Cr..
- For CWIP, as of Sep 2025, the value is 189.00 Cr.. The value appears to be declining and may need further review. It has decreased from 226.00 Cr. (Mar 2025) to 189.00 Cr., marking a decrease of 37.00 Cr..
- For Investments, as of Sep 2025, the value is 1,730.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,850.00 Cr. (Mar 2025) to 1,730.00 Cr., marking a decrease of 120.00 Cr..
- For Other Assets, as of Sep 2025, the value is 4,109.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,895.00 Cr. (Mar 2025) to 4,109.00 Cr., marking an increase of 214.00 Cr..
- For Total Assets, as of Sep 2025, the value is 8,339.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,217.00 Cr. (Mar 2025) to 8,339.00 Cr., marking an increase of 122.00 Cr..
Notably, the Reserves (6,392.00 Cr.) exceed the Borrowings (276.00 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
| 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
| 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 |
|---|---|---|---|---|---|---|
| Nippon India Multi Cap Fund | 10,360,917 | 0.49 | 245.03 | 2,775,000 | 2025-12-08 02:19:26 | 273.37% |
| ICICI Prudential Smallcap Fund | 2,573,892 | 0.72 | 60.87 | 2,500,000 | 2025-12-14 01:36:52 | 2.96% |
| Sundaram Value Fund | 612,000 | 0.98 | 14.47 | N/A | N/A | N/A |
| ICICI Prudential Childrens Fund | 400,000 | 0.66 | 9.46 | N/A | N/A | N/A |
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) | 4.67 | 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 4.67. This value is within the healthy range. It has increased from 2.67 (Mar 24) to 4.67, marking an increase of 2.00.
- 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: 28.2 (Industry average Stock P/E: 45.06)
- 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 | Contact not found |
| 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 25 January 2026) is ₹239.60 which is 5.55% higher the current market price of ₹227.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹18,360 Cr. market cap, FY2025-2026 high/low of ₹275/218, reserves of ₹6,392 Cr, and liabilities of ₹8,339 Cr.
What is the Market Cap of Kansai Nerolac Paints Ltd?
The Market Cap of Kansai Nerolac Paints Ltd is 18,360 Cr..
What is the current Stock Price of Kansai Nerolac Paints Ltd as on 25 January 2026?
The current stock price of Kansai Nerolac Paints Ltd as on 25 January 2026 is ₹227.
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 ₹275/218.
What is the Stock P/E of Kansai Nerolac Paints Ltd?
The Stock P/E of Kansai Nerolac Paints Ltd is 28.2.
What is the Book Value of Kansai Nerolac Paints Ltd?
The Book Value of Kansai Nerolac Paints Ltd is 80.1.
What is the Dividend Yield of Kansai Nerolac Paints Ltd?
The Dividend Yield of Kansai Nerolac Paints Ltd is 1.10 %.
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.