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Last Updated on: 10 March, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 500165 | NSE: KANSAINER

Kansai Nerolac Paints Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 1:38 pm

Market Cap 19,051 Cr.
Current Price 236
High / Low 321/218
Stock P/E30.4
Book Value 69.8
Dividend Yield1.06 %
ROCE16.6 %
ROE12.8 %
Face Value 1.00
PEG Ratio1.81

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Kansai Nerolac Paints Ltd

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 1,446 Cr. 264 386/25530.5 59.10.57 %24.0 %17.9 % 10.0
Shalimar Paints Ltd 929 Cr. 111 185/97.0 41.40.00 %12.6 %20.2 % 2.00
Kansai Nerolac Paints Ltd 19,051 Cr. 236 321/21830.4 69.81.06 %16.6 %12.8 % 1.00
Berger Paints India Ltd 59,385 Cr. 509 630/43852.1 48.00.69 %27.5 %23.5 % 1.00
Akzo Nobel India Ltd 14,980 Cr. 3,290 4,674/2,26534.8 3132.28 %42.3 %32.3 % 10.0
Industry Average52,462.67 Cr1,115.5039.60119.881.01%26.75%23.02%4.17

All Competitor Stocks of Kansai Nerolac Paints Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 1,8101,5372,0511,9311,8271,7342,1571,9571,9191,7692,1331,9511,922
Expenses 1,5981,4531,7961,7321,6311,5651,8251,6831,6751,5901,8031,7391,687
Operating Profit 21284255199195168332273244179330212235
OPM % 12%5%12%10%11%10%15%14%13%10%15%11%12%
Other Income 10-1547106782220333427671
Interest 7886777877779
Depreciation 43434345464647474848484953
Profit before tax 17232208152149125956240208157308183844
Tax % 27%40%27%27%27%23%23%27%27%27%27%34%22%
Net Profit 1251915211110996734175152114225120662
EPS in Rs 1.580.311.931.401.361.169.132.191.911.442.861.528.42

Last Updated: February 28, 2025, 6:57 pm

Below is a detailed analysis of the quarterly data for Kansai Nerolac Paints Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

  • For Sales, as of Dec 2024, the value is ₹1,922.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,951.00 Cr. (Sep 2024) to ₹1,922.00 Cr., marking a decrease of 29.00 Cr..
  • For Expenses, as of Dec 2024, the value is ₹1,687.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1,739.00 Cr. (Sep 2024) to ₹1,687.00 Cr., marking a decrease of 52.00 Cr..
  • For Operating Profit, as of Dec 2024, the value is ₹235.00 Cr.. The value appears strong and on an upward trend. It has increased from 212.00 Cr. (Sep 2024) to ₹235.00 Cr., marking an increase of ₹23.00 Cr..
  • For OPM %, as of Dec 2024, the value is 12.00%. The value appears strong and on an upward trend. It has increased from 11.00% (Sep 2024) to 12.00%, marking an increase of 1.00%.
  • For Other Income, as of Dec 2024, the value is ₹671.00 Cr.. The value appears strong and on an upward trend. It has increased from 27.00 Cr. (Sep 2024) to ₹671.00 Cr., marking an increase of ₹644.00 Cr..
  • For Interest, as of Dec 2024, the value is ₹9.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 7.00 Cr. (Sep 2024) to ₹9.00 Cr., marking an increase of ₹2.00 Cr..
  • For Depreciation, as of Dec 2024, the value is ₹53.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 49.00 Cr. (Sep 2024) to ₹53.00 Cr., marking an increase of ₹4.00 Cr..
  • For Profit before tax, as of Dec 2024, the value is ₹844.00 Cr.. The value appears strong and on an upward trend. It has increased from 183.00 Cr. (Sep 2024) to ₹844.00 Cr., marking an increase of ₹661.00 Cr..
  • For Tax %, as of Dec 2024, the value is 22.00%. The value appears to be improving (decreasing) as expected. It has decreased from 34.00% (Sep 2024) to 22.00%, marking a decrease of 12.00%.
  • For Net Profit, as of Dec 2024, the value is ₹662.00 Cr.. The value appears strong and on an upward trend. It has increased from 120.00 Cr. (Sep 2024) to ₹662.00 Cr., marking an increase of ₹542.00 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 8.42. The value appears strong and on an upward trend. It has increased from ₹1.52 (Sep 2024) to 8.42, marking an increase of ₹6.90.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:46 pm

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 2,8013,1203,5053,7674,0534,6585,4245,2805,0746,3697,5437,8017,776
Expenses 2,4632,7533,0543,1823,3153,8644,6724,4764,2115,7206,7256,7746,820
Operating Profit 3383674515857377947538048636498181,028956
OPM % 12%12%13%16%18%17%14%15%17%10%11%13%12%
Other Income 132102256398716126382526753764
Interest 12100110212429292931
Depreciation 476668687077106142165170180190198
Profit before tax 4223104041,0797657876976677124766351,5611,491
Tax % 30%33%32%16%33%35%36%23%26%28%26%25%
Net Profit 2942092759025105144485165263434681,1761,121
EPS in Rs 3.632.573.3911.156.296.365.606.446.554.445.8614.6614.24
Dividend Payout % 20%29%28%18%32%27%31%33%53%34%31%26%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-28.91%31.58%228.00%-43.46%0.78%-12.84%15.18%1.94%-34.79%36.44%151.28%
Change in YoY Net Profit Growth (%)0.00%60.49%196.42%-271.46%44.24%-13.62%28.02%-13.24%-36.73%71.23%114.84%

Kansai Nerolac Paints Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:10%
5 Years:8%
3 Years:15%
TTM:0%
Compounded Profit Growth
10 Years:12%
5 Years:8%
3 Years:8%
TTM:-3%
Stock Price CAGR
10 Years:5%
5 Years:-6%
3 Years:-8%
1 Year:-17%
Return on Equity
10 Years:14%
5 Years:12%
3 Years:11%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 9:33 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 54545454545454545454548181
Reserves 1,2331,3721,5482,4562,7613,0783,3623,7063,9994,0784,4805,5025,564
Borrowings 846851462935108178173203287276292
Other Liabilities 7157867206857939629949451,3071,3741,4861,5511,762
Total Liabilities 2,0872,2802,3733,2403,6364,1304,5184,8845,5335,7096,3067,4107,699
Fixed Assets 7869229169379571,0361,4651,9061,9121,9962,1082,1822,231
CWIP 123484442154346316169207225113153179
Investments 53492085395315211973066692115011,3271,210
Other Assets 1,1241,2611,2051,7221,9932,2282,5402,5022,7453,2783,5843,7484,079
Total Assets 2,0872,2802,3733,2403,6364,1304,5184,8845,5335,7096,3067,4107,699

Below is a detailed analysis of the balance sheet data for Kansai Nerolac Paints Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2024, 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 Sep 2024, the value is ₹5,564.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹5,502.00 Cr. (Mar 2024) to ₹5,564.00 Cr., marking an increase of 62.00 Cr..
  • For Borrowings, as of Sep 2024, the value is ₹292.00 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 ₹292.00 Cr., marking an increase of 16.00 Cr..
  • For Other Liabilities, as of Sep 2024, the value is ₹1,762.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹1,551.00 Cr. (Mar 2024) to ₹1,762.00 Cr., marking an increase of 211.00 Cr..
  • For Total Liabilities, as of Sep 2024, the value is ₹7,699.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹7,410.00 Cr. (Mar 2024) to ₹7,699.00 Cr., marking an increase of 289.00 Cr..
  • For Fixed Assets, as of Sep 2024, the value is ₹2,231.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹2,182.00 Cr. (Mar 2024) to ₹2,231.00 Cr., marking an increase of 49.00 Cr..
  • For CWIP, as of Sep 2024, the value is ₹179.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹153.00 Cr. (Mar 2024) to ₹179.00 Cr., marking an increase of 26.00 Cr..
  • For Investments, as of Sep 2024, the value is ₹1,210.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹1,327.00 Cr. (Mar 2024) to ₹1,210.00 Cr., marking a decrease of 117.00 Cr..
  • For Other Assets, as of Sep 2024, the value is ₹4,079.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,748.00 Cr. (Mar 2024) to ₹4,079.00 Cr., marking an increase of 331.00 Cr..
  • For Total Assets, as of Sep 2024, the value is ₹7,699.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹7,410.00 Cr. (Mar 2024) to ₹7,699.00 Cr., marking an increase of 289.00 Cr..

Notably, the Reserves (₹5,564.00 Cr.) exceed the Borrowings (292.00 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.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +22019530539235136010059564625408903
Cash from Investing Activity +-142-113-239144-557-16289-376-453250-227-590
Cash from Financing Activity +-77-87-87-92-216-192-223-141-274-309-133-249
Net Cash Flow0-6-21444-4226-3478-81-354964

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow254.00299.00400.00539.00708.00759.00645.00626.00690.00446.00531.00-275.00

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.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days565554535355515469636062
Inventory Days1141259590123107132127158153134136
Days Payable8284568598908275120927988
Cash Conversion Cycle899693587872101106107123115110
Working Capital Days5056524880657985931029083
ROCE %22%25%25%26%25%20%18%18%11%14%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%
FIIs3.57%3.55%3.28%3.45%3.32%3.88%4.21%4.27%4.28%4.72%5.09%5.56%
DIIs13.21%13.20%13.39%13.26%13.34%12.82%12.29%11.90%11.84%11.61%10.72%10.28%
Public8.23%8.26%8.34%8.28%8.34%8.31%8.49%8.82%8.88%8.68%9.18%9.16%
No. of Shareholders72,10976,90982,89283,34184,11383,76193,8711,11,1971,14,0471,14,0081,36,3271,44,151

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Canara Robeco Emerging Equities4,822,7920.83164.822,797,4382025-03-0672.4%
Franklin India Flexi Cap Fund3,600,0000.87123.032,797,4382025-03-0628.69%
Nippon India Growth Fund3,510,0000.49119.952,797,4382025-03-0625.47%
Kotak Multicap Fund2,797,4381.0795.62,797,4382025-03-060%
Nippon India Multi Cap Fund2,775,0000.3794.842,797,4382025-03-06-0.8%
Aditya Birla Sun Life MNC Fund - Div1,954,3431.8666.792,797,4382025-03-06-30.14%
Aditya Birla Sun Life MNC Fund - Gr1,954,3431.8666.792,797,4382025-03-06-30.14%
Franklin India ELSS Tax Saver Fund1,650,0000.9356.392,797,4382025-03-06-41.02%
Sundaram Mid Cap Fund1,556,5840.5353.22,797,4382025-03-06-44.36%
Sundaram Mid Cap Fund - Institutional Plan1,556,5840.5353.22,797,4382025-03-06-44.36%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 1.001.001.001.001.00
Basic EPS (Rs.) 14.668.796.669.839.67
Diluted EPS (Rs.) 14.658.786.669.839.67
Cash EPS (Rs.) 16.9012.039.5212.8212.21
Book Value[Excl.RevalReserv]/Share (Rs.) 69.2684.6277.0475.8870.18
Book Value[Incl.RevalReserv]/Share (Rs.) 69.2684.6277.0475.8870.18
Revenue From Operations / Share (Rs.) 96.50139.97118.1994.1697.98
PBDIT / Share (Rs.) 13.8515.6612.5216.7315.40
PBIT / Share (Rs.) 11.4912.329.3713.6612.76
PBT / Share (Rs.) 19.3111.788.8413.2212.38
Net Profit / Share (Rs.) 14.558.696.379.769.57
NP After MI And SOA / Share (Rs.) 14.668.796.669.839.67
PBDIT Margin (%) 14.3511.1810.5917.7615.71
PBIT Margin (%) 11.918.807.9214.5013.02
PBT Margin (%) 20.018.417.4714.0412.63
Net Profit Margin (%) 15.076.215.3810.369.76
NP After MI And SOA Margin (%) 15.196.275.6310.439.86
Return on Networth / Equity (%) 21.2310.448.6813.0713.85
Return on Capital Employeed (%) 15.7713.8311.5217.1417.34
Return On Assets (%) 15.997.506.289.5710.66
Long Term Debt / Equity (X) 0.000.000.000.000.01
Total Debt / Equity (X) 0.020.030.040.040.04
Asset Turnover Ratio (%) 1.141.261.090.921.09
Current Ratio (X) 3.122.522.442.562.71
Quick Ratio (X) 2.011.381.211.601.61
Inventory Turnover Ratio (X) 2.672.912.942.572.67
Dividend Payout Ratio (NP) (%) 12.2711.3778.8344.7626.89
Dividend Payout Ratio (CP) (%) 10.578.2453.5134.1121.13
Earning Retention Ratio (%) 87.7388.6321.1755.2473.11
Cash Earning Retention Ratio (%) 89.4391.7646.4965.8978.87
Interest Coverage Ratio (X) 38.3329.1023.6037.9739.69
Interest Coverage Ratio (Post Tax) (X) 18.6217.1513.0023.1425.67
Enterprise Value (Cr.) 21077.0820861.3825293.7032447.6320812.53
EV / Net Operating Revenue (X) 2.702.773.976.393.94
EV / EBITDA (X) 18.8224.7237.4835.9925.08
MarketCap / Net Operating Revenue (X) 2.722.763.956.383.94
Retention Ratios (%) 87.7288.6221.1655.2373.10
Price / BV (X) 3.804.596.097.995.53
Price / Net Operating Revenue (X) 2.722.763.956.383.94
EarningsYield 0.050.020.010.010.02

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 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
  • For Basic EPS (Rs.), as of Mar 24, the value is 14.66. This value is within the healthy range. It has increased from 8.79 (Mar 23) to 14.66, marking an increase of 5.87.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 14.65. This value is within the healthy range. It has increased from 8.78 (Mar 23) to 14.65, marking an increase of 5.87.
  • For Cash EPS (Rs.), as of Mar 24, the value is 16.90. This value is within the healthy range. It has increased from 12.03 (Mar 23) to 16.90, marking an increase of 4.87.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 69.26. It has decreased from 84.62 (Mar 23) to 69.26, marking a decrease of 15.36.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 69.26. It has decreased from 84.62 (Mar 23) to 69.26, marking a decrease of 15.36.
  • For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 96.50. It has decreased from 139.97 (Mar 23) to 96.50, marking a decrease of 43.47.
  • For PBDIT / Share (Rs.), as of Mar 24, the value is 13.85. This value is within the healthy range. It has decreased from 15.66 (Mar 23) to 13.85, marking a decrease of 1.81.
  • For PBIT / Share (Rs.), as of Mar 24, the value is 11.49. This value is within the healthy range. It has decreased from 12.32 (Mar 23) to 11.49, marking a decrease of 0.83.
  • For PBT / Share (Rs.), as of Mar 24, the value is 19.31. This value is within the healthy range. It has increased from 11.78 (Mar 23) to 19.31, marking an increase of 7.53.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 14.55. This value is within the healthy range. It has increased from 8.69 (Mar 23) to 14.55, marking an increase of 5.86.
  • For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 14.66. This value is within the healthy range. It has increased from 8.79 (Mar 23) to 14.66, marking an increase of 5.87.
  • For PBDIT Margin (%), as of Mar 24, the value is 14.35. This value is within the healthy range. It has increased from 11.18 (Mar 23) to 14.35, marking an increase of 3.17.
  • For PBIT Margin (%), as of Mar 24, the value is 11.91. This value is within the healthy range. It has increased from 8.80 (Mar 23) to 11.91, marking an increase of 3.11.
  • For PBT Margin (%), as of Mar 24, the value is 20.01. This value is within the healthy range. It has increased from 8.41 (Mar 23) to 20.01, marking an increase of 11.60.
  • For Net Profit Margin (%), as of Mar 24, the value is 15.07. This value exceeds the healthy maximum of 10. It has increased from 6.21 (Mar 23) to 15.07, marking an increase of 8.86.
  • For NP After MI And SOA Margin (%), as of Mar 24, the value is 15.19. This value is within the healthy range. It has increased from 6.27 (Mar 23) to 15.19, marking an increase of 8.92.
  • For Return on Networth / Equity (%), as of Mar 24, the value is 21.23. This value is within the healthy range. It has increased from 10.44 (Mar 23) to 21.23, marking an increase of 10.79.
  • For Return on Capital Employeed (%), as of Mar 24, the value is 15.77. This value is within the healthy range. It has increased from 13.83 (Mar 23) to 15.77, marking an increase of 1.94.
  • For Return On Assets (%), as of Mar 24, the value is 15.99. This value is within the healthy range. It has increased from 7.50 (Mar 23) to 15.99, marking an increase of 8.49.
  • For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.00.
  • For Total Debt / Equity (X), as of Mar 24, the value is 0.02. This value is within the healthy range. It has decreased from 0.03 (Mar 23) to 0.02, marking a decrease of 0.01.
  • For Asset Turnover Ratio (%), as of Mar 24, the value is 1.14. It has decreased from 1.26 (Mar 23) to 1.14, marking a decrease of 0.12.
  • For Current Ratio (X), as of Mar 24, the value is 3.12. This value exceeds the healthy maximum of 3. It has increased from 2.52 (Mar 23) to 3.12, marking an increase of 0.60.
  • For Quick Ratio (X), as of Mar 24, the value is 2.01. This value exceeds the healthy maximum of 2. It has increased from 1.38 (Mar 23) to 2.01, marking an increase of 0.63.
  • For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.67. This value is below the healthy minimum of 4. It has decreased from 2.91 (Mar 23) to 2.67, marking a decrease of 0.24.
  • For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 12.27. This value is below the healthy minimum of 20. It has increased from 11.37 (Mar 23) to 12.27, marking an increase of 0.90.
  • For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 10.57. This value is below the healthy minimum of 20. It has increased from 8.24 (Mar 23) to 10.57, marking an increase of 2.33.
  • For Earning Retention Ratio (%), as of Mar 24, the value is 87.73. This value exceeds the healthy maximum of 70. It has decreased from 88.63 (Mar 23) to 87.73, marking a decrease of 0.90.
  • For Cash Earning Retention Ratio (%), as of Mar 24, the value is 89.43. This value exceeds the healthy maximum of 70. It has decreased from 91.76 (Mar 23) to 89.43, marking a decrease of 2.33.
  • For Interest Coverage Ratio (X), as of Mar 24, the value is 38.33. This value is within the healthy range. It has increased from 29.10 (Mar 23) to 38.33, marking an increase of 9.23.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 18.62. This value is within the healthy range. It has increased from 17.15 (Mar 23) to 18.62, marking an increase of 1.47.
  • For Enterprise Value (Cr.), as of Mar 24, the value is 21,077.08. It has increased from 20,861.38 (Mar 23) to 21,077.08, marking an increase of 215.70.
  • For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.70. This value is within the healthy range. It has decreased from 2.77 (Mar 23) to 2.70, marking a decrease of 0.07.
  • For EV / EBITDA (X), as of Mar 24, the value is 18.82. This value exceeds the healthy maximum of 15. It has decreased from 24.72 (Mar 23) to 18.82, marking a decrease of 5.90.
  • For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.72. This value is within the healthy range. It has decreased from 2.76 (Mar 23) to 2.72, marking a decrease of 0.04.
  • For Retention Ratios (%), as of Mar 24, the value is 87.72. This value exceeds the healthy maximum of 70. It has decreased from 88.62 (Mar 23) to 87.72, marking a decrease of 0.90.
  • For Price / BV (X), as of Mar 24, the value is 3.80. This value exceeds the healthy maximum of 3. It has decreased from 4.59 (Mar 23) to 3.80, marking a decrease of 0.79.
  • For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.72. This value is within the healthy range. It has decreased from 2.76 (Mar 23) to 2.72, marking a decrease of 0.04.
  • For EarningsYield, as of Mar 24, the value is 0.05. This value is below the healthy minimum of 5. It has increased from 0.02 (Mar 23) to 0.05, marking an increase of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Kansai Nerolac Paints Ltd as of March 10, 2025 is: ₹219.59

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 10, 2025, Kansai Nerolac Paints Ltd is Overvalued by 6.95% compared to the current share price 236.00

Intrinsic Value of Kansai Nerolac Paints Ltd as of March 10, 2025 is: 256.49

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 10, 2025, Kansai Nerolac Paints Ltd is Undervalued by 8.68% compared to the current share price 236.00

Last 5 Year EPS CAGR: 16.80%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 18.42%, which is a positive sign.
  2. The company has higher reserves (3,318.38 cr) compared to borrowings (140.77 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (4.69 cr) and profit (452.15 cr) over the years.
  1. The stock has a high average Working Capital Days of 73.58, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 95.67, which may not be favorable.

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:
    1. Net Profit Margin: 15.07%
      • 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.
    2. ROCE: 15.77% (Industry Average ROCE: 26.75%)
      • 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.
    3. ROE%: 21.23% (Industry Average ROE: 23.02%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 18.62
      • 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.
    5. Quick Ratio: 2.01
      • 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.
    6. Stock P/E: 30.4 (Industry average Stock P/E: 39.6)
      • 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.
    7. Total Debt / Equity: 0.02
      • 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.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Kansai Nerolac Paints Ltd. is a Public Limited Listed company incorporated on 02/09/1920 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L24202MH1920PLC000825 and registration number is 000825. Currently Company is involved in the business activities of Manufacture of paints and varnishes, enamels or lacquers. Company's Total Operating Revenue is Rs. 7393.30 Cr. and Equity Capital is Rs. 80.84 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
Paints/Varnishes28th Floor, A-wing, Marathon Futurex, Mumbai Maharashtra 400013investor@nerolac.com
http://www.nerolac.com
Management
NamePosition Held
Mr. Pradip Panalal ShahChairman & Ind.Dire (Non-Exe)
Mr. Anuj JainManaging Director
Mr. Bhaskar BhatInd. Non-Executive Director
Mr. Pravin ChaudhariNon Executive Director
Ms. Sonia SinghInd. Non-Executive Director
Mr. Takashi TomiokaNon Executive Director
Mr. Hitoshi NishibayashiNon Executive Director

FAQ

What is the latest intrinsic value of Kansai Nerolac Paints Ltd?

The latest intrinsic value of Kansai Nerolac Paints Ltd as on 09 March 2025 is ₹219.59, which is 6.95% lower than the current market price of 236.00, indicating the stock is overvalued by 6.95%. The intrinsic value of Kansai Nerolac Paints Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹19,051 Cr. and recorded a high/low of ₹321/218 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹5,564 Cr and total liabilities of ₹7,699 Cr.

What is the Market Cap of Kansai Nerolac Paints Ltd?

The Market Cap of Kansai Nerolac Paints Ltd is 19,051 Cr..

What is the current Stock Price of Kansai Nerolac Paints Ltd as on 09 March 2025?

The current stock price of Kansai Nerolac Paints Ltd as on 09 March 2025 is ₹236.

What is the High / Low of Kansai Nerolac Paints Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Kansai Nerolac Paints Ltd stocks is ₹321/218.

What is the Stock P/E of Kansai Nerolac Paints Ltd?

The Stock P/E of Kansai Nerolac Paints Ltd is 30.4.

What is the Book Value of Kansai Nerolac Paints Ltd?

The Book Value of Kansai Nerolac Paints Ltd is 69.8.

What is the Dividend Yield of Kansai Nerolac Paints Ltd?

The Dividend Yield of Kansai Nerolac Paints Ltd is 1.06 %.

What is the ROCE of Kansai Nerolac Paints Ltd?

The ROCE of Kansai Nerolac Paints Ltd is 16.6 %.

What is the ROE of Kansai Nerolac Paints Ltd?

The ROE of Kansai Nerolac Paints Ltd is 12.8 %.

What is the Face Value of Kansai Nerolac Paints Ltd?

The Face Value of Kansai Nerolac Paints Ltd is 1.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Kansai Nerolac Paints Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE