Share Price and Basic Stock Data
Last Updated: November 6, 2025, 9:18 pm
| PEG Ratio | 1.22 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Kansai Nerolac Paints Ltd, a prominent player in the Indian paints and varnishes industry, reported a market capitalization of ₹20,172 Cr and a stock price of ₹250. The company has demonstrated a steady revenue growth trajectory, with sales rising from ₹6,369 Cr in FY 2022 to ₹7,543 Cr in FY 2023. For FY 2024, sales further increased to ₹7,801 Cr, reflecting a robust growth strategy amid a competitive market. The trailing twelve months (TTM) revenue stood at ₹7,852 Cr, indicating a consistent upward trend. Quarterly sales figures also support this growth, with the most recent quarter (Jun 2024) reporting sales of ₹2,133 Cr, compared to ₹2,051 Cr in Jun 2022. This trend suggests that Kansai Nerolac has effectively capitalized on increasing demand within the domestic market, particularly in the decorative paints segment, which is expected to grow due to rising consumer spending on home improvement and infrastructure projects.
Profitability and Efficiency Metrics
The profitability of Kansai Nerolac Paints is evident from its reported net profit of ₹1,100 Cr, resulting in a price-to-earnings (P/E) ratio of 31.6. The company achieved an operating profit margin (OPM) of 14%, which is commendable considering industry averages. In FY 2024, the operating profit rose to ₹1,028 Cr with a maintained OPM of 13%. The return on equity (ROE) stood at 10.4%, while the return on capital employed (ROCE) was reported at 13.0%, both reflecting efficient capital utilization. The interest coverage ratio (ICR) at 34.61x indicates a strong ability to cover interest expenses, showcasing financial stability. However, despite these strengths, the cash conversion cycle (CCC) of 109 days suggests room for improvement in working capital management, especially compared to industry peers, where lower CCC levels are often observed.
Balance Sheet Strength and Financial Ratios
Kansai Nerolac’s balance sheet reflects a healthy financial structure, with total assets amounting to ₹8,217 Cr and reserves reaching ₹6,342 Cr. The company reported borrowings of only ₹296 Cr, resulting in a total debt-to-equity ratio of 0.01, indicating minimal reliance on external debt. This low leverage supports financial flexibility and reduces interest burden, allowing for reinvestment into growth initiatives. The book value per share rose to ₹79.46, enhancing shareholder value. Additionally, the current ratio of 3.69 and quick ratio of 2.54 demonstrate strong liquidity positions, allowing the firm to meet short-term obligations comfortably. However, the price-to-book value (P/BV) ratio of 2.93x may suggest that the stock is relatively overvalued compared to its asset base, warranting cautious evaluation by potential investors.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Kansai Nerolac Paints indicates strong promoter confidence, with promoters holding 74.98% of the stake. This high level of ownership can be perceived positively by investors, as it aligns the interests of management with those of minority shareholders. Foreign institutional investors (FIIs) have steadily increased their stake from 3.32% in Dec 2022 to 5.61% by Sep 2025, reflecting growing international confidence in the company’s prospects. Domestic institutional investors (DIIs) hold 10.03%, while the public segment accounts for 9.37%. The number of shareholders has also grown significantly, from 84,113 in Dec 2022 to 1,49,919 by Sep 2025, indicating rising retail interest in the stock. This broadening investor base is a positive signal for the company’s market perception and potential for future capital raising.
Outlook, Risks, and Final Insight
The outlook for Kansai Nerolac Paints appears optimistic, backed by a solid financial performance and a robust market position. However, risks persist, including potential volatility in raw material prices, which could impact margins. Additionally, the company’s ability to manage its cash conversion cycle effectively will be critical in sustaining profitability. The increasing competition in the paints sector poses another challenge, requiring continuous innovation and marketing efforts. In light of these factors, while Kansai Nerolac is well-positioned to leverage growth opportunities, maintaining operational efficiency and market adaptability will be essential for navigating potential headwinds. Should the company enhance its working capital management and continue to innovate, it could capitalize on the growing demand for premium and eco-friendly paint products, ultimately driving long-term 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 | 2,863 Cr. | 504 | 527/231 | 53.9 | 63.8 | 0.30 % | 20.0 % | 14.9 % | 10.0 |
| Shalimar Paints Ltd | 626 Cr. | 74.7 | 144/69.7 | 37.6 | 0.00 % | 12.8 % | 22.6 % | 2.00 | |
| Kansai Nerolac Paints Ltd | 20,065 Cr. | 248 | 286/218 | 31.4 | 79.4 | 1.01 % | 13.0 % | 10.4 % | 1.00 |
| Berger Paints India Ltd | 63,471 Cr. | 544 | 605/438 | 57.4 | 53.9 | 0.70 % | 24.9 % | 20.3 % | 1.00 |
| Akzo Nobel India Ltd | 14,646 Cr. | 3,217 | 4,289/3,022 | 36.2 | 292 | 3.11 % | 41.7 % | 32.2 % | 10.0 |
| Industry Average | 58,558.50 Cr | 1,198.45 | 48.74 | 121.45 | 1.01% | 23.02% | 20.17% | 4.17 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,051 | 1,931 | 1,827 | 1,734 | 2,157 | 1,957 | 1,919 | 1,769 | 2,133 | 1,951 | 1,922 | 1,817 | 2,162 |
| Expenses | 1,796 | 1,732 | 1,631 | 1,565 | 1,825 | 1,683 | 1,675 | 1,590 | 1,803 | 1,739 | 1,687 | 1,651 | 1,859 |
| Operating Profit | 255 | 199 | 195 | 168 | 332 | 273 | 244 | 179 | 330 | 212 | 235 | 166 | 303 |
| OPM % | 12% | 10% | 11% | 10% | 15% | 14% | 13% | 10% | 15% | 11% | 12% | 9% | 14% |
| Other Income | 5 | 4 | 7 | 10 | 678 | 22 | 20 | 33 | 34 | 27 | 671 | 37 | 53 |
| Interest | 8 | 6 | 7 | 7 | 7 | 8 | 7 | 7 | 7 | 7 | 9 | 8 | 7 |
| Depreciation | 43 | 45 | 46 | 46 | 47 | 47 | 48 | 48 | 48 | 49 | 53 | 52 | 53 |
| Profit before tax | 208 | 152 | 149 | 125 | 956 | 240 | 208 | 157 | 308 | 183 | 844 | 144 | 295 |
| Tax % | 27% | 27% | 27% | 23% | 23% | 27% | 27% | 27% | 27% | 34% | 22% | 29% | 27% |
| Net Profit | 152 | 111 | 109 | 96 | 734 | 175 | 152 | 114 | 225 | 120 | 662 | 102 | 216 |
| EPS in Rs | 1.93 | 1.40 | 1.36 | 1.16 | 9.13 | 2.19 | 1.91 | 1.44 | 2.86 | 1.52 | 8.42 | 1.34 | 2.73 |
Last Updated: August 20, 2025, 8:20 am
Below is a detailed analysis of the quarterly data for Kansai Nerolac Paints Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 2,162.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,817.00 Cr. (Mar 2025) to 2,162.00 Cr., marking an increase of 345.00 Cr..
- For Expenses, as of Jun 2025, the value is 1,859.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,651.00 Cr. (Mar 2025) to 1,859.00 Cr., marking an increase of 208.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 303.00 Cr.. The value appears strong and on an upward trend. It has increased from 166.00 Cr. (Mar 2025) to 303.00 Cr., marking an increase of 137.00 Cr..
- For OPM %, as of Jun 2025, the value is 14.00%. The value appears strong and on an upward trend. It has increased from 9.00% (Mar 2025) to 14.00%, marking an increase of 5.00%.
- For Other Income, as of Jun 2025, the value is 53.00 Cr.. The value appears strong and on an upward trend. It has increased from 37.00 Cr. (Mar 2025) to 53.00 Cr., marking an increase of 16.00 Cr..
- For Interest, as of Jun 2025, the value is 7.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 8.00 Cr. (Mar 2025) to 7.00 Cr., marking a decrease of 1.00 Cr..
- For Depreciation, as of Jun 2025, the value is 53.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 52.00 Cr. (Mar 2025) to 53.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 295.00 Cr.. The value appears strong and on an upward trend. It has increased from 144.00 Cr. (Mar 2025) to 295.00 Cr., marking an increase of 151.00 Cr..
- For Tax %, as of Jun 2025, the value is 27.00%. The value appears to be improving (decreasing) as expected. It has decreased from 29.00% (Mar 2025) to 27.00%, marking a decrease of 2.00%.
- For Net Profit, as of Jun 2025, the value is 216.00 Cr.. The value appears strong and on an upward trend. It has increased from 102.00 Cr. (Mar 2025) to 216.00 Cr., marking an increase of 114.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 2.73. The value appears strong and on an upward trend. It has increased from 1.34 (Mar 2025) to 2.73, marking an increase of 1.39.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 5:01 am
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,120 | 3,505 | 3,767 | 4,053 | 4,658 | 5,424 | 5,280 | 5,074 | 6,369 | 7,543 | 7,801 | 7,823 | 7,852 |
| Expenses | 2,753 | 3,054 | 3,182 | 3,315 | 3,864 | 4,672 | 4,476 | 4,211 | 5,720 | 6,725 | 6,774 | 6,881 | 6,936 |
| Operating Profit | 367 | 451 | 585 | 737 | 794 | 753 | 804 | 863 | 649 | 818 | 1,028 | 942 | 916 |
| OPM % | 12% | 13% | 16% | 18% | 17% | 14% | 15% | 17% | 10% | 11% | 13% | 12% | 12% |
| Other Income | 10 | 22 | 563 | 98 | 71 | 61 | 26 | 38 | 25 | 26 | 753 | 769 | 787 |
| Interest | 2 | 1 | 0 | 0 | 1 | 10 | 21 | 24 | 29 | 29 | 29 | 31 | 31 |
| Depreciation | 66 | 68 | 68 | 70 | 77 | 106 | 142 | 165 | 170 | 180 | 190 | 202 | 206 |
| Profit before tax | 310 | 404 | 1,079 | 765 | 787 | 697 | 667 | 712 | 476 | 635 | 1,561 | 1,478 | 1,465 |
| Tax % | 33% | 32% | 16% | 33% | 35% | 36% | 23% | 26% | 28% | 26% | 25% | 25% | |
| Net Profit | 209 | 275 | 902 | 510 | 514 | 448 | 516 | 526 | 343 | 468 | 1,176 | 1,109 | 1,100 |
| EPS in Rs | 2.57 | 3.39 | 11.15 | 6.29 | 6.36 | 5.60 | 6.44 | 6.55 | 4.44 | 5.86 | 14.66 | 14.14 | 14.01 |
| Dividend Payout % | 29% | 28% | 18% | 32% | 27% | 31% | 33% | 53% | 34% | 31% | 26% | 27% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 31.58% | 228.00% | -43.46% | 0.78% | -12.84% | 15.18% | 1.94% | -34.79% | 36.44% | 151.28% | -5.70% |
| Change in YoY Net Profit Growth (%) | 0.00% | 196.42% | -271.46% | 44.24% | -13.62% | 28.02% | -13.24% | -36.73% | 71.23% | 114.84% | -156.98% |
Kansai Nerolac Paints Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 7% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 4% |
| 3 Years: | 22% |
| TTM: | -6% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -6% |
| 3 Years: | -10% |
| 1 Year: | -22% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 10% |
Last Updated: September 5, 2025, 8:50 am
Balance Sheet
Last Updated: June 16, 2025, 11:51 am
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 81 | 81 |
| Reserves | 1,372 | 1,548 | 2,456 | 2,761 | 3,078 | 3,362 | 3,706 | 3,999 | 4,078 | 4,480 | 5,502 | 6,342 |
| Borrowings | 68 | 51 | 46 | 29 | 35 | 108 | 178 | 173 | 203 | 287 | 276 | 296 |
| Other Liabilities | 786 | 720 | 685 | 793 | 962 | 994 | 945 | 1,307 | 1,374 | 1,486 | 1,551 | 1,497 |
| Total Liabilities | 2,280 | 2,373 | 3,240 | 3,636 | 4,130 | 4,518 | 4,884 | 5,533 | 5,709 | 6,306 | 7,410 | 8,217 |
| Fixed Assets | 922 | 916 | 937 | 957 | 1,036 | 1,465 | 1,906 | 1,912 | 1,996 | 2,108 | 2,182 | 2,246 |
| CWIP | 48 | 44 | 42 | 154 | 346 | 316 | 169 | 207 | 225 | 113 | 153 | 226 |
| Investments | 49 | 208 | 539 | 531 | 521 | 197 | 306 | 669 | 211 | 501 | 1,327 | 1,850 |
| Other Assets | 1,261 | 1,205 | 1,722 | 1,993 | 2,228 | 2,540 | 2,502 | 2,745 | 3,278 | 3,584 | 3,748 | 3,895 |
| Total Assets | 2,280 | 2,373 | 3,240 | 3,636 | 4,130 | 4,518 | 4,884 | 5,533 | 5,709 | 6,306 | 7,410 | 8,217 |
Below is a detailed analysis of the balance sheet data for Kansai Nerolac Paints Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 81.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 81.00 Cr..
- For Reserves, as of Mar 2025, the value is 6,342.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,502.00 Cr. (Mar 2024) to 6,342.00 Cr., marking an increase of 840.00 Cr..
- For Borrowings, as of Mar 2025, the value is 296.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 276.00 Cr. (Mar 2024) to 296.00 Cr., marking an increase of 20.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 1,497.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,551.00 Cr. (Mar 2024) to 1,497.00 Cr., marking a decrease of 54.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 8,217.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 7,410.00 Cr. (Mar 2024) to 8,217.00 Cr., marking an increase of 807.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 2,246.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,182.00 Cr. (Mar 2024) to 2,246.00 Cr., marking an increase of 64.00 Cr..
- For CWIP, as of Mar 2025, the value is 226.00 Cr.. The value appears strong and on an upward trend. It has increased from 153.00 Cr. (Mar 2024) to 226.00 Cr., marking an increase of 73.00 Cr..
- For Investments, as of Mar 2025, the value is 1,850.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,327.00 Cr. (Mar 2024) to 1,850.00 Cr., marking an increase of 523.00 Cr..
- For Other Assets, as of Mar 2025, the value is 3,895.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,748.00 Cr. (Mar 2024) to 3,895.00 Cr., marking an increase of 147.00 Cr..
- For Total Assets, as of Mar 2025, the value is 8,217.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,410.00 Cr. (Mar 2024) to 8,217.00 Cr., marking an increase of 807.00 Cr..
Notably, the Reserves (6,342.00 Cr.) exceed the Borrowings (296.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 299.00 | 400.00 | 539.00 | 708.00 | 759.00 | 645.00 | 626.00 | 690.00 | 446.00 | 531.00 | -275.00 | 646.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 55 | 54 | 53 | 53 | 55 | 51 | 54 | 69 | 63 | 60 | 62 | 63 |
| Inventory Days | 125 | 95 | 90 | 123 | 107 | 132 | 127 | 158 | 153 | 134 | 136 | 133 |
| Days Payable | 84 | 56 | 85 | 98 | 90 | 82 | 75 | 120 | 92 | 79 | 88 | 88 |
| Cash Conversion Cycle | 96 | 93 | 58 | 78 | 72 | 101 | 106 | 107 | 123 | 115 | 110 | 109 |
| Working Capital Days | 55 | 51 | 48 | 80 | 64 | 73 | 74 | 82 | 91 | 81 | 77 | 82 |
| ROCE % | 22% | 25% | 25% | 26% | 25% | 20% | 18% | 18% | 11% | 14% | 17% | 13% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| Canara Robeco Emerging Equities | 4,822,792 | 0.83 | 164.82 | 4,822,792 | 2025-04-22 17:25:29 | 0% |
| Franklin India Flexi Cap Fund | 3,600,000 | 0.87 | 123.03 | 3,600,000 | 2025-04-22 17:25:29 | 0% |
| Nippon India Growth Fund | 3,510,000 | 0.49 | 119.95 | 3,510,000 | 2025-04-22 17:25:29 | 0% |
| Kotak Multicap Fund | 2,797,438 | 1.07 | 95.6 | 2,797,438 | 2025-04-22 17:25:29 | 0% |
| Nippon India Multi Cap Fund | 2,775,000 | 0.37 | 94.84 | 2,775,000 | 2025-04-22 17:25:29 | 0% |
| Aditya Birla Sun Life MNC Fund - Div | 1,954,343 | 1.86 | 66.79 | 1,954,343 | 2025-04-22 17:25:29 | 0% |
| Aditya Birla Sun Life MNC Fund - Gr | 1,954,343 | 1.86 | 66.79 | 1,954,343 | 2025-04-22 17:25:29 | 0% |
| Franklin India ELSS Tax Saver Fund | 1,650,000 | 0.93 | 56.39 | 1,650,000 | 2025-04-22 17:25:29 | 0% |
| Sundaram Mid Cap Fund | 1,556,584 | 0.53 | 53.2 | 1,556,584 | 2025-04-22 17:25:29 | 0% |
| Sundaram Mid Cap Fund - Institutional Plan | 1,556,584 | 0.53 | 53.2 | 1,556,584 | 2025-04-22 17:25:29 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Basic EPS (Rs.) | 14.14 | 14.66 | 8.79 | 6.66 | 9.83 |
| Diluted EPS (Rs.) | 14.12 | 14.65 | 8.78 | 6.66 | 9.83 |
| Cash EPS (Rs.) | 16.22 | 16.90 | 12.03 | 9.52 | 12.82 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 79.46 | 69.26 | 84.62 | 77.04 | 75.88 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 79.46 | 69.26 | 84.62 | 77.04 | 75.88 |
| Revenue From Operations / Share (Rs.) | 96.77 | 96.50 | 139.97 | 118.19 | 94.16 |
| PBDIT / Share (Rs.) | 13.38 | 13.85 | 15.66 | 12.52 | 16.73 |
| PBIT / Share (Rs.) | 10.88 | 11.49 | 12.32 | 9.37 | 13.66 |
| PBT / Share (Rs.) | 18.28 | 19.31 | 11.78 | 8.84 | 13.22 |
| Net Profit / Share (Rs.) | 13.72 | 14.55 | 8.69 | 6.37 | 9.76 |
| NP After MI And SOA / Share (Rs.) | 14.14 | 14.66 | 8.79 | 6.66 | 9.83 |
| PBDIT Margin (%) | 13.82 | 14.35 | 11.18 | 10.59 | 17.76 |
| PBIT Margin (%) | 11.24 | 11.91 | 8.80 | 7.92 | 14.50 |
| PBT Margin (%) | 18.89 | 20.01 | 8.41 | 7.47 | 14.04 |
| Net Profit Margin (%) | 14.18 | 15.07 | 6.21 | 5.38 | 10.36 |
| NP After MI And SOA Margin (%) | 14.61 | 15.19 | 6.27 | 5.63 | 10.43 |
| Return on Networth / Equity (%) | 17.79 | 21.23 | 10.44 | 8.68 | 13.07 |
| Return on Capital Employeed (%) | 13.00 | 15.77 | 13.83 | 11.52 | 17.14 |
| Return On Assets (%) | 13.90 | 15.99 | 7.50 | 6.28 | 9.57 |
| Total Debt / Equity (X) | 0.01 | 0.02 | 0.03 | 0.04 | 0.04 |
| Asset Turnover Ratio (%) | 1.00 | 1.14 | 1.26 | 1.09 | 0.92 |
| Current Ratio (X) | 3.69 | 3.12 | 2.52 | 2.44 | 2.56 |
| Quick Ratio (X) | 2.54 | 2.01 | 1.38 | 1.21 | 1.60 |
| Inventory Turnover Ratio (X) | 2.73 | 2.67 | 2.91 | 2.94 | 2.57 |
| Dividend Payout Ratio (NP) (%) | 26.52 | 12.27 | 11.37 | 78.83 | 44.76 |
| Dividend Payout Ratio (CP) (%) | 22.54 | 10.57 | 8.24 | 53.51 | 34.11 |
| Earning Retention Ratio (%) | 73.48 | 87.73 | 88.63 | 21.17 | 55.24 |
| Cash Earning Retention Ratio (%) | 77.46 | 89.43 | 91.76 | 46.49 | 65.89 |
| Interest Coverage Ratio (X) | 34.61 | 38.33 | 29.10 | 23.60 | 37.97 |
| Interest Coverage Ratio (Post Tax) (X) | 16.35 | 18.62 | 17.15 | 13.00 | 23.14 |
| Enterprise Value (Cr.) | 18612.44 | 21077.08 | 20861.38 | 25293.70 | 32447.63 |
| EV / Net Operating Revenue (X) | 2.38 | 2.70 | 2.77 | 3.97 | 6.39 |
| EV / EBITDA (X) | 17.21 | 18.82 | 24.72 | 37.48 | 35.99 |
| MarketCap / Net Operating Revenue (X) | 2.40 | 2.72 | 2.76 | 3.95 | 6.38 |
| Retention Ratios (%) | 73.47 | 87.72 | 88.62 | 21.16 | 55.23 |
| Price / BV (X) | 2.93 | 3.80 | 4.59 | 6.09 | 7.99 |
| Price / Net Operating Revenue (X) | 2.40 | 2.72 | 2.76 | 3.95 | 6.38 |
| EarningsYield | 0.06 | 0.05 | 0.02 | 0.01 | 0.01 |
After reviewing the key financial ratios for Kansai Nerolac Paints Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 14.14. This value is within the healthy range. It has decreased from 14.66 (Mar 24) to 14.14, marking a decrease of 0.52.
- For Diluted EPS (Rs.), as of Mar 25, the value is 14.12. This value is within the healthy range. It has decreased from 14.65 (Mar 24) to 14.12, marking a decrease of 0.53.
- For Cash EPS (Rs.), as of Mar 25, the value is 16.22. This value is within the healthy range. It has decreased from 16.90 (Mar 24) to 16.22, marking a decrease of 0.68.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 79.46. It has increased from 69.26 (Mar 24) to 79.46, marking an increase of 10.20.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 79.46. It has increased from 69.26 (Mar 24) to 79.46, marking an increase of 10.20.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 96.77. It has increased from 96.50 (Mar 24) to 96.77, marking an increase of 0.27.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 13.38. This value is within the healthy range. It has decreased from 13.85 (Mar 24) to 13.38, marking a decrease of 0.47.
- For PBIT / Share (Rs.), as of Mar 25, the value is 10.88. This value is within the healthy range. It has decreased from 11.49 (Mar 24) to 10.88, marking a decrease of 0.61.
- For PBT / Share (Rs.), as of Mar 25, the value is 18.28. This value is within the healthy range. It has decreased from 19.31 (Mar 24) to 18.28, marking a decrease of 1.03.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 13.72. This value is within the healthy range. It has decreased from 14.55 (Mar 24) to 13.72, marking a decrease of 0.83.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 14.14. This value is within the healthy range. It has decreased from 14.66 (Mar 24) to 14.14, marking a decrease of 0.52.
- For PBDIT Margin (%), as of Mar 25, the value is 13.82. This value is within the healthy range. It has decreased from 14.35 (Mar 24) to 13.82, marking a decrease of 0.53.
- For PBIT Margin (%), as of Mar 25, the value is 11.24. This value is within the healthy range. It has decreased from 11.91 (Mar 24) to 11.24, marking a decrease of 0.67.
- For PBT Margin (%), as of Mar 25, the value is 18.89. This value is within the healthy range. It has decreased from 20.01 (Mar 24) to 18.89, marking a decrease of 1.12.
- For Net Profit Margin (%), as of Mar 25, the value is 14.18. This value exceeds the healthy maximum of 10. It has decreased from 15.07 (Mar 24) to 14.18, marking a decrease of 0.89.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 14.61. This value is within the healthy range. It has decreased from 15.19 (Mar 24) to 14.61, marking a decrease of 0.58.
- For Return on Networth / Equity (%), as of Mar 25, the value is 17.79. This value is within the healthy range. It has decreased from 21.23 (Mar 24) to 17.79, marking a decrease of 3.44.
- For Return on Capital Employeed (%), as of Mar 25, the value is 13.00. This value is within the healthy range. It has decreased from 15.77 (Mar 24) to 13.00, marking a decrease of 2.77.
- For Return On Assets (%), as of Mar 25, the value is 13.90. This value is within the healthy range. It has decreased from 15.99 (Mar 24) to 13.90, marking a decrease of 2.09.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.01. This value is within the healthy range. It has decreased from 0.02 (Mar 24) to 0.01, marking a decrease of 0.01.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.00. It has decreased from 1.14 (Mar 24) to 1.00, marking a decrease of 0.14.
- For Current Ratio (X), as of Mar 25, the value is 3.69. This value exceeds the healthy maximum of 3. It has increased from 3.12 (Mar 24) to 3.69, marking an increase of 0.57.
- For Quick Ratio (X), as of Mar 25, the value is 2.54. This value exceeds the healthy maximum of 2. It has increased from 2.01 (Mar 24) to 2.54, marking an increase of 0.53.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 2.73. This value is below the healthy minimum of 4. It has increased from 2.67 (Mar 24) to 2.73, marking an increase of 0.06.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 26.52. This value is within the healthy range. It has increased from 12.27 (Mar 24) to 26.52, marking an increase of 14.25.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 22.54. This value is within the healthy range. It has increased from 10.57 (Mar 24) to 22.54, marking an increase of 11.97.
- For Earning Retention Ratio (%), as of Mar 25, the value is 73.48. This value exceeds the healthy maximum of 70. It has decreased from 87.73 (Mar 24) to 73.48, marking a decrease of 14.25.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 77.46. This value exceeds the healthy maximum of 70. It has decreased from 89.43 (Mar 24) to 77.46, marking a decrease of 11.97.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 34.61. This value is within the healthy range. It has decreased from 38.33 (Mar 24) to 34.61, marking a decrease of 3.72.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 16.35. This value is within the healthy range. It has decreased from 18.62 (Mar 24) to 16.35, marking a decrease of 2.27.
- For Enterprise Value (Cr.), as of Mar 25, the value is 18,612.44. It has decreased from 21,077.08 (Mar 24) to 18,612.44, marking a decrease of 2,464.64.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.38. This value is within the healthy range. It has decreased from 2.70 (Mar 24) to 2.38, marking a decrease of 0.32.
- For EV / EBITDA (X), as of Mar 25, the value is 17.21. This value exceeds the healthy maximum of 15. It has decreased from 18.82 (Mar 24) to 17.21, marking a decrease of 1.61.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.40. This value is within the healthy range. It has decreased from 2.72 (Mar 24) to 2.40, marking a decrease of 0.32.
- For Retention Ratios (%), as of Mar 25, the value is 73.47. This value exceeds the healthy maximum of 70. It has decreased from 87.72 (Mar 24) to 73.47, marking a decrease of 14.25.
- For Price / BV (X), as of Mar 25, the value is 2.93. This value is within the healthy range. It has decreased from 3.80 (Mar 24) to 2.93, marking a decrease of 0.87.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.40. This value is within the healthy range. It has decreased from 2.72 (Mar 24) to 2.40, marking a decrease of 0.32.
- For EarningsYield, as of Mar 25, the value is 0.06. This value is below the healthy minimum of 5. It has increased from 0.05 (Mar 24) to 0.06, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Kansai Nerolac Paints Ltd:
- Net Profit Margin: 14.18%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 13% (Industry Average ROCE: 23.02%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 17.79% (Industry Average ROE: 20.17%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 16.35
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 2.54
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 31.4 (Industry average Stock P/E: 48.74)
- 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 06 November 2025) is 209.53 which is 15.51% lower the current market price of 248.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 20,065 Cr. market cap, FY2025-2026 high/low of 286/218, reserves of ₹6,342 Cr, and liabilities of 8,217 Cr.
What is the Market Cap of Kansai Nerolac Paints Ltd?
The Market Cap of Kansai Nerolac Paints Ltd is 20,065 Cr..
What is the current Stock Price of Kansai Nerolac Paints Ltd as on 06 November 2025?
The current stock price of Kansai Nerolac Paints Ltd as on 06 November 2025 is 248.
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 31.4.
What is the Book Value of Kansai Nerolac Paints Ltd?
The Book Value of Kansai Nerolac Paints Ltd is 79.4.
What is the Dividend Yield of Kansai Nerolac Paints Ltd?
The Dividend Yield of Kansai Nerolac Paints Ltd is 1.01 %.
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.