WEBSITE BSE:500165 NSE: KANSAI NERO Inc. Year: 1920 Industry: Paints
Last updated: 15:52
Kansai Nerolac Paints Ltd is an India-based paint organization. The Company is mainly engaged inside the production of paints. It gives a number of products, together with car coatings, powder coatings, overall performance coatings liquid and auto refinish. Its automotive coatings consist of cathodic electro deposition (CED) and acrylic cathodic electro deposition (ACED) primer, monocoat metallics, high mar resistant clear coats and heat resistant paints, amongst others. Its powder coatings include epoxy polyester powder, epoxy powder, natural ...Read More
Kansai Nerolac Paints Ltd is an India-based paint organization. The Company is mainly engaged inside the production of paints. It gives a number of products, together with car coatings, powder coatings, overall performance coatings liquid and auto refinish. Its automotive coatings consist of cathodic electro deposition (CED) and acrylic cathodic electro deposition (ACED) primer, monocoat metallics, high mar resistant clear coats and heat resistant paints, amongst others. Its powder coatings include epoxy polyester powder, epoxy powder, natural polyester polyurethane, heat resistance powder, rebar coatings, pipe coating powders, superb durable powders and bonded metal powders. Its performance coatings liquid consists of floor coatings, pipe coatings, coil coatings, zinc-rich coatings, epoxy coatings and chlorinated rubber coatings, amongst others. Its auto refinishes includes polyurethane paints, polyester, nitrocellulose (NC) and NC acrylic-NAP, and body fillers, among others. ...Read Less
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Market Cap ₹18712 Cr.
Stock P/E 16.9
P/B 2.9
Current Price ₹231.4
Book Value ₹ 80.1
Face Value 1
52W High ₹274.8
Dividend Yield 1.62%
52W Low ₹ 218.4
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2157 | 1957 | 1919 | 1769 | 2133 | 1951 | 1922 | 1817 | 2162 | 1954 |
| Other Income | 17 | 22 | 20 | 33 | 34 | 27 | 42 | 37 | 53 | 28 |
| Total Income | 2174 | 1979 | 1939 | 1802 | 2167 | 1978 | 1963 | 1854 | 2215 | 1983 |
| Total Expenditure | 1825 | 1683 | 1675 | 1590 | 1803 | 1739 | 1687 | 1651 | 1859 | 1739 |
| Operating Profit | 349 | 295 | 264 | 212 | 363 | 239 | 277 | 203 | 356 | 244 |
| Interest | 7 | 8 | 7 | 7 | 7 | 7 | 9 | 8 | 7 | 8 |
| Depreciation | 47 | 47 | 48 | 48 | 48 | 49 | 53 | 52 | 53 | 54 |
| Exceptional Income / Expenses | 661 | 0 | 0 | 0 | 0 | 0 | 630 | 0 | 0 | 0 |
| Profit Before Tax | 956 | 240 | 208 | 157 | 308 | 183 | 844 | 144 | 295 | 182 |
| Provision for Tax | 222 | 65 | 56 | 42 | 83 | 63 | 181 | 41 | 80 | 48 |
| Profit After Tax | 734 | 175 | 152 | 114 | 225 | 120 | 662 | 102 | 216 | 133 |
| Adjustments | 4 | 2 | 2 | 2 | 6 | 3 | 19 | 6 | 5 | 2 |
| Profit After Adjustments | 738 | 177 | 154 | 116 | 231 | 123 | 681 | 108 | 221 | 135 |
| Adjusted Earnings Per Share | 9.1 | 2.2 | 1.9 | 1.4 | 2.9 | 1.5 | 8.4 | 1.3 | 2.7 | 1.7 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 3587 | 3767 | 4053 | 4658 | 5424 | 5280 | 5074 | 6369 | 7543 | 7801 | 7823 | 7855 |
| Other Income | 22 | 28 | 98 | 71 | 61 | 26 | 38 | 25 | 26 | 92 | 139 | 160 |
| Total Income | 3609 | 3794 | 4151 | 4729 | 5485 | 5306 | 5112 | 6395 | 7569 | 7893 | 7962 | 8015 |
| Total Expenditure | 3136 | 3183 | 3315 | 3864 | 4672 | 4476 | 4211 | 5720 | 6725 | 6774 | 6881 | 6936 |
| Operating Profit | 473 | 611 | 835 | 865 | 813 | 830 | 901 | 675 | 844 | 1120 | 1081 | 1080 |
| Interest | 1 | 0 | 0 | 1 | 10 | 21 | 24 | 29 | 29 | 29 | 31 | 32 |
| Depreciation | 68 | 67 | 70 | 77 | 106 | 142 | 165 | 170 | 180 | 190 | 202 | 212 |
| Exceptional Income / Expenses | 0 | 535 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 661 | 630 | 630 |
| Profit Before Tax | 404 | 1079 | 765 | 787 | 697 | 667 | 712 | 476 | 635 | 1561 | 1478 | 1465 |
| Provision for Tax | 128 | 177 | 255 | 273 | 249 | 151 | 187 | 133 | 166 | 385 | 369 | 350 |
| Profit After Tax | 275 | 902 | 510 | 514 | 448 | 516 | 526 | 343 | 468 | 1176 | 1109 | 1113 |
| Adjustments | -1 | -1 | -1 | 1 | 5 | 5 | 4 | 16 | 5 | 10 | 34 | 32 |
| Profit After Adjustments | 274 | 901 | 509 | 514 | 453 | 521 | 530 | 359 | 474 | 1185 | 1143 | 1145 |
| Adjusted Earnings Per Share | 3.4 | 11.1 | 6.3 | 6.4 | 5.6 | 6.4 | 6.6 | 4.4 | 5.9 | 14.7 | 14.1 | 14.1 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 0% | 7% | 8% | 8% |
| Operating Profit CAGR | -3% | 17% | 5% | 9% |
| PAT CAGR | -6% | 48% | 17% | 15% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -5% | -6% | -12% | 3% |
| ROE Average | 19% | 18% | 15% | 18% |
| ROCE Average | 25% | 23% | 20% | 25% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1601 | 2510 | 2815 | 3132 | 3416 | 3760 | 4053 | 4132 | 4534 | 5583 | 6423 |
| Minority's Interest | 5 | 6 | 15 | 16 | 20 | 22 | 36 | 19 | 27 | 16 | -19 |
| Borrowings | 46 | 29 | 18 | 10 | 4 | 23 | 17 | 11 | 5 | 15 | 30 |
| Other Non-Current Liabilities | 101 | 17 | 79 | 82 | 127 | 161 | 186 | 221 | 235 | 276 | 332 |
| Total Current Liabilities | 620 | 678 | 709 | 890 | 950 | 917 | 1241 | 1326 | 1507 | 1521 | 1451 |
| Total Liabilities | 2373 | 3240 | 3636 | 4130 | 4518 | 4884 | 5533 | 5709 | 6306 | 7410 | 8217 |
| Fixed Assets | 916 | 937 | 957 | 1035 | 1465 | 1906 | 1912 | 1996 | 2108 | 2182 | 2246 |
| Other Non-Current Assets | 130 | 118 | 289 | 510 | 733 | 489 | 443 | 483 | 395 | 479 | 619 |
| Total Current Assets | 1327 | 2185 | 2390 | 2585 | 2320 | 2489 | 3178 | 3230 | 3803 | 4749 | 5352 |
| Total Assets | 2373 | 3240 | 3636 | 4130 | 4518 | 4884 | 5533 | 5709 | 6306 | 7410 | 8217 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 55 | 34 | 478 | 55 | 61 | 26 | 104 | 24 | -12 | 38 | 102 |
| Cash Flow from Operating Activities | 305 | 392 | 351 | 360 | 100 | 595 | 646 | 25 | 408 | 903 | 672 |
| Cash Flow from Investing Activities | -239 | 144 | -557 | -163 | 88 | -376 | -453 | 250 | -227 | -590 | -379 |
| Cash Flow from Financing Activities | -87 | -92 | -216 | -192 | -223 | -141 | -274 | -309 | -133 | -249 | -366 |
| Net Cash Inflow / Outflow | -21 | 444 | -422 | 6 | -35 | 78 | -81 | -35 | 49 | 64 | -72 |
| Closing Cash & Cash Equivalent | 34 | 478 | 55 | 61 | 26 | 104 | 24 | -12 | 37 | 102 | 30 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 3.39 | 11.15 | 6.29 | 6.36 | 5.6 | 6.45 | 6.55 | 4.44 | 5.86 | 14.66 | 14.14 |
| CEPS(Rs) | 4.25 | 11.99 | 7.18 | 7.31 | 6.85 | 8.14 | 8.55 | 6.35 | 8.02 | 16.9 | 16.22 |
| DPS(Rs) | 1.4 | 3.05 | 3 | 2.6 | 2.6 | 3.15 | 5.25 | 1.5 | 1.8 | 3.75 | 3.75 |
| Book NAV/Share(Rs) | 19.81 | 31.05 | 34.82 | 38.75 | 42.26 | 46.52 | 50.14 | 51.12 | 56.04 | 68.86 | 79.3 |
| Core EBITDA Margin(%) | 10.61 | 12.55 | 14.75 | 14.99 | 12.57 | 13.65 | 15 | 9 | 9.6 | 11.74 | 10.74 |
| EBIT Margin(%) | 9.51 | 23.2 | 15.3 | 14.87 | 11.81 | 11.67 | 12.79 | 7 | 7.79 | 18.16 | 17.2 |
| Pre Tax Margin(%) | 9.49 | 23.2 | 15.3 | 14.86 | 11.64 | 11.32 | 12.38 | 6.6 | 7.45 | 17.83 | 16.85 |
| PAT Margin (%) | 6.47 | 19.39 | 10.2 | 9.7 | 7.48 | 8.75 | 9.13 | 4.76 | 5.5 | 13.43 | 12.64 |
| Cash Profit Margin (%) | 8.08 | 20.84 | 11.6 | 11.16 | 9.26 | 11.17 | 12.01 | 7.11 | 7.61 | 15.6 | 14.94 |
| ROA(%) | 11.83 | 32.14 | 14.84 | 13.23 | 10.35 | 10.97 | 10.09 | 6.1 | 7.8 | 17.15 | 14.2 |
| ROE(%) | 18.18 | 43.88 | 19.16 | 17.28 | 13.67 | 14.37 | 13.46 | 8.38 | 10.82 | 23.29 | 18.52 |
| ROCE(%) | 25.71 | 51.29 | 28.35 | 26.21 | 21.12 | 18.43 | 18.03 | 11.8 | 14.71 | 30.59 | 24.65 |
| Receivable days | 42.22 | 41.63 | 41.45 | 44.56 | 44.47 | 47.78 | 55.28 | 51.86 | 49.93 | 53.62 | 55.99 |
| Inventory Days | 52.09 | 44.65 | 46.93 | 52.8 | 59.17 | 65.64 | 69.96 | 71.53 | 71.94 | 71.2 | 69.74 |
| Payable days | 65.74 | 76.03 | 96.98 | 92.68 | 82.89 | 81.04 | 99.24 | 88.47 | 75.33 | 78.94 | 78.64 |
| PER(x) | 42.51 | 16.84 | 40.03 | 52.82 | 54.43 | 39.94 | 61.1 | 70.16 | 43.92 | 17.88 | 16.45 |
| Price/Book(x) | 7.28 | 6.04 | 7.24 | 8.67 | 7.21 | 5.53 | 7.99 | 6.09 | 4.59 | 3.81 | 2.93 |
| Dividend Yield(%) | 0.65 | 1.08 | 0.79 | 0.52 | 0.57 | 0.82 | 0.87 | 0.48 | 0.7 | 1.43 | 1.61 |
| EV/Net Sales(x) | 3.25 | 3.91 | 4.97 | 5.76 | 4.54 | 3.94 | 6.39 | 3.97 | 2.76 | 2.7 | 2.38 |
| EV/Core EBITDA(x) | 24.68 | 24.11 | 24.1 | 31.04 | 30.32 | 25.06 | 35.96 | 37.46 | 24.69 | 18.81 | 17.23 |
| Net Sales Growth(%) | 12.33 | 5.02 | 7.58 | 14.94 | 16.45 | -2.66 | -3.9 | 25.52 | 18.42 | 3.43 | 0.28 |
| EBIT Growth(%) | 29.78 | 166.86 | -29.09 | 2.92 | -10.27 | -2.67 | 7.02 | -31.4 | 31.46 | 139.56 | -5.1 |
| PAT Growth(%) | 31.88 | 227.78 | -43.45 | 0.72 | -12.86 | 15.22 | 1.93 | -34.73 | 36.52 | 151 | -5.66 |
| EPS Growth(%) | 31.78 | 228.76 | -43.52 | 1.09 | -11.99 | 15.08 | 1.68 | -32.26 | 31.97 | 150.3 | -3.58 |
| Debt/Equity(x) | 0.03 | 0.02 | 0.01 | 0.01 | 0.03 | 0.05 | 0.04 | 0.05 | 0.04 | 0.02 | 0.02 |
| Current Ratio(x) | 2.14 | 3.22 | 3.37 | 2.9 | 2.44 | 2.71 | 2.56 | 2.44 | 2.52 | 3.12 | 3.69 |
| Quick Ratio(x) | 1.25 | 2.36 | 2.38 | 1.97 | 1.27 | 1.61 | 1.6 | 1.21 | 1.38 | 2.01 | 2.54 |
| Interest Cover(x) | 439.59 | 0 | 0 | 1175.57 | 70.89 | 32.9 | 31.01 | 17.66 | 22.89 | 54.45 | 48.3 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.99 | 74.99 | 74.99 | 74.99 | 74.99 | 74.99 | 74.98 | 74.98 | 74.98 | 74.98 |
| FII | 4.28 | 4.28 | 4.72 | 5.09 | 5.56 | 5.36 | 5.3 | 5.41 | 5.6 | 5.17 |
| DII | 11.9 | 11.84 | 11.6 | 10.74 | 10.28 | 10.23 | 10.1 | 10.21 | 10.04 | 10.41 |
| Public | 8.83 | 8.89 | 8.68 | 9.19 | 9.17 | 9.42 | 9.61 | 9.41 | 9.38 | 9.43 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 60.62 | 60.62 | 60.62 | 60.62 | 60.62 | 60.62 | 60.62 | 60.62 | 60.62 | 60.62 |
| FII | 3.46 | 3.46 | 3.82 | 4.11 | 4.5 | 4.33 | 4.29 | 4.37 | 4.53 | 4.18 |
| DII | 9.62 | 9.57 | 9.38 | 8.68 | 8.31 | 8.27 | 8.17 | 8.25 | 8.12 | 8.42 |
| Public | 7.14 | 7.18 | 7.02 | 7.43 | 7.41 | 7.61 | 7.77 | 7.6 | 7.58 | 7.63 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 80.84 | 80.84 | 80.84 | 80.84 | 80.84 | 80.84 | 80.84 | 80.85 | 80.85 | 80.85 |
* The pros and cons are machine generated.
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