Share Price and Basic Stock Data
Last Updated: November 28, 2025, 8:35 am
| PEG Ratio | 1.13 |
|---|
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 industry, where it has established a strong market presence. The company reported a market capitalization of ₹19,816 Cr with a stock price of ₹245. Over the past fiscal year, Kansai Nerolac’s sales have shown a consistent upward trajectory, recording ₹7,543 Cr for FY 2023, an increase from ₹6,369 Cr in FY 2022. The trailing twelve months (TTM) revenue stood at ₹7,855 Cr, indicating sustained growth. Quarterly sales fluctuated, with the highest quarterly sales recorded at ₹2,157 Cr in June 2023 and a low of ₹1,734 Cr in March 2023. This revenue performance reflects a robust demand for its products, underpinning the company’s ability to capture market share in a competitive environment.
Profitability and Efficiency Metrics
Kansai Nerolac reported a net profit of ₹1,114 Cr, translating to a net profit margin of 14.18% for FY 2025. The operating profit margin (OPM) was 12% for FY 2025, showing resilience in profitability despite fluctuating input costs. The company’s return on equity (ROE) stood at 10.4%, while return on capital employed (ROCE) was reported at 13%. These figures indicate effective management of equity and capital, although the ROE is comparatively lower than industry standards. The interest coverage ratio (ICR) was an impressive 34.61x, reflecting strong earnings relative to interest expenses, which were minimal at ₹31 Cr. However, the cash conversion cycle (CCC) of 109 days may indicate a need for improved operational efficiency in managing receivables and inventory.
Balance Sheet Strength and Financial Ratios
The balance sheet of Kansai Nerolac is characterized by strong liquidity and minimal debt. The company reported total borrowings of just ₹276 Cr, presenting a debt-to-equity ratio of 0.01, which is significantly lower than the industry average, indicating a conservative approach to leveraging. Reserves have grown to ₹6,392 Cr, reflecting a solid retention of earnings over the years. Key financial ratios reveal a current ratio of 3.69, suggesting robust short-term financial health, while a quick ratio of 2.54 indicates good liquidity. Furthermore, the price-to-book value (P/BV) ratio stood at 2.93x, suggesting that the stock is reasonably valued compared to its net assets, while the enterprise value (EV) of ₹18,612.44 Cr reinforces investor confidence in the company’s valuation.
Shareholding Pattern and Investor Confidence
Kansai Nerolac’s shareholding pattern demonstrates a stable ownership structure, with promoters holding 74.98% of the equity, which reflects strong management control. Foreign institutional investors (FIIs) accounted for 5.61%, while domestic institutional investors (DIIs) held 10.03%, showcasing a diversified investor base. The public shareholding stood at 9.37%, indicating a healthy level of public participation. The number of shareholders increased to 149,919, reflecting growing investor interest. The consistent promoter stake and increasing institutional ownership suggest robust investor confidence in the company’s strategies and performance. However, the slight decline in DII participation over the periods could be a point of concern, indicating a need for enhanced investor relations and communication.
Outlook, Risks, and Final Insight
The outlook for Kansai Nerolac appears promising, given its strong financial performance and market positioning. The company’s strategic initiatives to expand its product portfolio and enhance distribution channels could drive future growth. However, risks such as fluctuating raw material prices, which could impact margins, and competition from domestic and international players pose challenges. Additionally, the company’s relatively low ROE compared to industry peers requires attention to improve shareholder returns. Should the company successfully navigate these risks and capitalize on market opportunities, it could enhance its profitability and shareholder value significantly. Conversely, failure to address operational efficiencies and market competition could hinder growth prospects. Overall, Kansai Nerolac stands as a resilient player in the paints industry with a solid foundation for future growth.
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 | 2,964 Cr. | 522 | 539/231 | 51.2 | 78.0 | 0.29 % | 20.0 % | 14.9 % | 10.0 |
| Shalimar Paints Ltd | 560 Cr. | 66.9 | 144/65.6 | 34.0 | 0.00 % | 12.8 % | 22.6 % | 2.00 | |
| Kansai Nerolac Paints Ltd | 19,137 Cr. | 237 | 286/218 | 29.4 | 80.1 | 1.06 % | 13.0 % | 10.4 % | 1.00 |
| Berger Paints India Ltd | 66,532 Cr. | 571 | 605/438 | 60.2 | 53.9 | 0.67 % | 24.9 % | 20.3 % | 1.00 |
| Akzo Nobel India Ltd | 15,483 Cr. | 3,401 | 3,958/3,022 | 39.6 | 495 | 2.94 % | 41.7 % | 32.2 % | 10.0 |
| Industry Average | 63,456.33 Cr | 1,279.48 | 49.82 | 157.50 | 0.97% | 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: November 15, 2025, 5:02 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: November 9, 2025, 2:21 pm
| 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 |
|---|---|---|---|---|---|---|
| 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: 29.4 (Industry average Stock P/E: 49.82)
- 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 29 November 2025) is 198.01 which is 16.45% lower the current market price of 237.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 19,137 Cr. market cap, FY2025-2026 high/low of 286/218, 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 19,137 Cr..
What is the current Stock Price of Kansai Nerolac Paints Ltd as on 29 November 2025?
The current stock price of Kansai Nerolac Paints Ltd as on 29 November 2025 is 237.
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 286/218.
What is the Stock P/E of Kansai Nerolac Paints Ltd?
The Stock P/E of Kansai Nerolac Paints Ltd is 29.4.
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 1.06 %.
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.