Kansai Nerolac Paints Ltd.

•

nerolac.comBSE: 500165NSE: KANSAINER

Market Cap₹ 15,282 Cr.

Current Price

High / Low₹ 264 / 158

Stock P/E25.5

Book Value₹ 86

Price to Book2.02

Dividend Yield1.32 %

ROCE12.4 %

ROE8.8 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

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PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 22.6%
Company has consistently been profitable over the last 5 years
Company has been maintaining a healthy dividend payout of 34.3%
Company comfortably covers its interest (25.7x coverage)
Company generates healthy free cash flow

CONS

Company has delivered a poor profit growth of 1.8% over past five years
Recurring exceptional / one-off items are inflating headline profit
Expensive relative to growth - PEG of 3.6

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesChemicalsPaints

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	ASIANPAINT	2470.00	49.72	236921.85	1.11	1559.45	39.60	10541.94	18.12	28.22	20.93
2.	BERGEPAINT	458.35	43.93	53443.74	0.87	405.01	28.56	3583.75	11.97	23.14	17.28
3.	KANSAINER	188.95	25.46	15281.88	1.32	228.41	5.95	2373.59	9.79	12.44	13.83
4.	JSWDULUX	3155.90	7.32	14372.07	6.53	79.70	-12.42	965.00	-3.02	125.82	11.93
5.	INDIGOPNTS	1089.85	32.33	5202.14	0.46	41.70	60.04	369.67	19.69	18.37	16.78
6.	SIRCA	426.60	36.15	2422.78	0.47	16.21	14.09	130.00	13.80	20.28	18.62

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,157	1,957	1,919	1,769	2,133	1,951	1,922	1,817	2,162	1,954	1,982	1,954	2,374
	1,825	1,683	1,675	1,590	1,803	1,739	1,687	1,651	1,859	1,739	1,742	1,737	2,116
Operating Profit	332	273	244	179	330	212	235	166	303	215	240	216	258
OPM %	15.37%	13.97%	12.72%	10.12%	15.45%	10.86%	12.23%	9.12%	14.02%	11.02%	12.09%	11.08%	10.85%
	678	22	20	33	34	27	671	37	53	28	-10	11	55
Interest	7	8	7	7	7	7	9	8	7	8	9	8	8
Depreciation	47	47	48	48	48	49	53	52	53	54	60	61	63
Profit before Tax	956	240	208	157	308	183	844	144	295	182	161	158	312
Tax %	23.23%	26.97%	26.96%	27.00%	27.01%	34.48%	21.50%	28.63%	27.03%	26.62%	27.48%	30.64%	26.90%
Net Profit	0	0	0	0	225	120	662	102	216	133	117	110	228
	9.13	2.19	1.91	1.44	2.86	1.52	8.42	1.34	2.73	1.67	1.50	1.39	2.86

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	4,053	4,658	5,424	5,280	5,074	6,369	7,543	7,801	7,823	8,052	8,263
	3,315	3,864	4,672	4,476	4,211	5,720	6,725	6,774	6,881	7,077	7,334
Operating Profit	737	794	753	804	863	649	818	1,028	942	975	929
OPM %	18.20%	17.04%	13.87%	15.24%	17.01%	10.20%	10.84%	13.17%	12.05%	12.10%	11.24%
	98	71	61	26	38	25	26	753	769	83	85
Interest	0	1	10	21	24	29	29	29	31	32	33
Depreciation	70	77	106	142	165	170	180	190	202	228	238
Profit before Tax	765	787	697	667	712	476	635	1,561	1,478	797	814
Tax %	33.35%	34.72%	35.75%	22.67%	26.21%	27.97%	26.21%	24.68%	24.95%	27.75%	27.68%
Net Profit	510	514	448	516	526	343	468	1,176	1,109	576	589
EPS	9.44	9.55	8.40	9.67	9.83	6.66	5.86	14.66	14.14	7.29	—
Dividend Payout %	31.77%	27.24%	30.95%	32.58%	53.41%	33.79%	30.72%	25.57%	26.52%	34.30%	—

COMPOUNDED SALES GROWTH

10 Years:: 8%
5 Years:: 10%
3 Years:: 2%

COMPOUNDED PROFIT GROWTH

10 Years:: -4%
5 Years:: 2%
3 Years:: 8%

STOCK PRICE CAGR

10 Years:: -3%
5 Years:: -14%
3 Years:: -17%
1 Year:: -24%

RETURN ON EQUITY

10 Years:: 15%
5 Years:: 14%
3 Years:: 17%
Last Year:: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	54	54	54	54	54	54	54	81	81	81
Minority Interest	15	16	20	22	36	19	27	16	-19	-25
	2,761	3,078	3,362	3,706	3,999	4,078	4,476	5,486	6,330	6,620
	18	27	101	226	244	289	254	241	263	304
Trade Payables	561	700	693	595	907	981	1,016	1,052	1,101	1,165
	228	255	287	280	293	288	480	534	461	566
Total Liabilities	3,636	4,130	4,518	4,884	5,533	5,709	6,306	7,410	8,217	8,711
	957	1,035	1,465	1,906	1,912	1,996	2,108	2,182	2,246	2,404
Capital Work in Progress	154	346	316	169	207	225	113	149	221	170
	531	521	197	306	669	211	501	1,327	1,850	2,365
	703	829	1,111	1,008	1,198	1,630	1,729	1,687	1,665	1,530
	0	0	0	0	0	0	0	1,335	1,357	1,467
Cash & Bank	261	364	96	192	125	106	127	260	290	226
	1,029	1,035	1,333	1,302	1,423	1,543	1,728	470	588	548
Total Assets	3,636	4,130	4,518	4,884	5,533	5,709	6,306	7,410	8,217	8,711

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	577	636	411	761	803	187	595	903	672	894
Cash from Investing	-557	-163	88	-376	-453	250	-227	-590	-379	-383
Cash from Financing	-216	-192	-223	-141	-274	-309	-133	-249	-366	-403
	-422	6	-35	78	-81	-35	49	64	-72	108

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.99	74.99	74.99	74.98	74.98	74.98	74.98	74.96	74.96
	5.09	5.56	5.36	5.30	5.40	5.61	5.17	3.60	4.02
	10.72	10.28	10.24	10.10	10.20	10.03	10.41	11.90	11.88
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	9.19	9.17	9.42	9.61	9.40	9.38	9.43	9.53	9.13

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-08-26

Action(s) taken or orders passed

2026-08-26 - Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant SEBI Circulars is enclosed herewith.

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - Kansai Nerolac Paints Limited has informed the Exchange about Transcript

2026-08-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-03 - Kansai Nerolac Paints Limited has informed the Exchange about Link of recordings

2026-08-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-03 - Kansai Nerolac Paints Limited has informed the Exchange about Investor Presentation

2026-08-03

Capacity addition

2026-08-03 - This is to inform you that the Board of Directors of Kansai Nerolac Paints Limited has, in the Board meeting held today i.e. on Monday, 3rd August, 2026, inter alia considered and approved the proposal for capacity addition

2026-08-03

Press Release

2026-08-03 - Kansai Nerolac Paints Limited has informed the Exchange regarding a press release dated August 03, 2026, titled "Press Release for the unaudited financial results for the quarter ended 30th June, 2026.".

2026-08-03

Outcome of Board Meeting

2026-08-03 - This is to inform you that the Board of Directors of Kansai Nerolac Paints Limited has, in its meeting held today i.e. on Monday, 3rd August, 2026, inter alia considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June, 2026 (Unaudited Financial Results).

2026-07-23

ESOP/ESOS/ESPS

2026-07-23 - Kansai Nerolac Paints Limited has informed the Exchange regarding Allotment of 64309 Shares.

2026-07-22

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-22 - Pursuant to Regulation 30(6) of Securities and Exchange Board of India (Listing Obligationsand Disclosure Requirements) Regulations, 2015, we hereby inform you that the Managementof our Company will be hosting a Conference Call on Monday, 3rd August, 2026, at 17:00 hrsIndia Time to discuss Q1 FY 2026-27 Financial Results of the Company. The Conference Callis in the nature of a group call. We are enclosing herewith the invitation to the conference call for reference.

News

Recent coverage and analyst commentary for KANSAINER

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Kansai Nerolac Paints Ltd.

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Free 5nance Account

Name

ASIANPAINT

2470.00

49.72

236921.85

1.11

1559.45

39.60

10541.94

18.12

28.22

20.93

BERGEPAINT

458.35

43.93

53443.74

0.87

405.01

28.56

3583.75

11.97

23.14

17.28

KANSAINER

188.95

25.46

15281.88

1.32

228.41

5.95

2373.59

9.79

12.44

13.83

JSWDULUX

3155.90

7.32

14372.07

6.53

79.70

-12.42

965.00

-3.02

125.82

11.93

INDIGOPNTS

1089.85

32.33

5202.14

0.46

41.70

60.04

369.67

19.69

18.37

16.78

SIRCA

426.60

36.15

2422.78

0.47

16.21

14.09

130.00

13.80

20.28

18.62

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

2,157

1,957

1,919

1,769

2,133

1,951

1,922

1,817

2,162

1,954

1,982

1,954

2,374

1,825

1,683

1,675

1,590

1,803

1,739

1,687

1,651

1,859

1,739

1,742

1,737

2,116

Operating Profit

332

273

244

179

330

212

235

166

303

215

240

216

258

OPM %

15.37%

13.97%

12.72%

10.12%

15.45%

10.86%

12.23%

9.12%

14.02%

11.02%

12.09%

11.08%

10.85%

678

671

-10

Interest

Depreciation

Profit before Tax

956

240

208

157

308

183

844

144

295

182

161

158

312

Tax %

23.23%

26.97%

26.96%

27.00%

27.01%

34.48%

21.50%

28.63%

27.03%

26.62%

27.48%

30.64%

26.90%

Net Profit

225

120

662

102

216

133

117

110

228

9.13

2.19

1.91

1.44

2.86

1.52

8.42

1.34

2.73

1.67

1.50

1.39

2.86

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

4,053

4,658

5,424

5,280

5,074

6,369

7,543

7,801

7,823

8,052

8,263

3,315

3,864

4,672

4,476

4,211

5,720

6,725

6,774

6,881

7,077

7,334

Operating Profit

737

794

753

804

863

649

818

1,028

942

975

929

OPM %

18.20%

17.04%

13.87%

15.24%

17.01%

10.20%

10.84%

13.17%

12.05%

12.10%

11.24%

753

769

Interest

Depreciation

106

142

165

170

180

190

202

228

238

Profit before Tax

765

787

697

667

712

476

635

1,561

1,478

797

814

Tax %

33.35%

34.72%

35.75%

22.67%

26.21%

27.97%

26.21%

24.68%

24.95%

27.75%

27.68%

Net Profit

510

514

448

516

526

343

468

1,176

1,109

576

589

EPS

9.44

9.55

8.40

9.67

9.83

6.66

5.86

14.66

14.14

7.29

—

Dividend Payout %

31.77%

27.24%

30.95%

32.58%

53.41%

33.79%

30.72%

25.57%

26.52%

34.30%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

-19

-25

2,761

3,078

3,362

3,706

3,999

4,078

4,476

5,486

6,330

6,620

101

226

244

289

254

241

263

304

Trade Payables

561

700

693

595

907

981

1,016

1,052

1,101

1,165

228

255

287

280

293

288

480

534

461

566

Total Liabilities

3,636

4,130

4,518

4,884

5,533

5,709

6,306

7,410

8,217

8,711

957

1,035

1,465

1,906

1,912

1,996

2,108

2,182

2,246

2,404

Capital Work in Progress

154

346

316

169

207

225

113

149

221

170

531

521

197

306

669

211

501

1,327

1,850

2,365

703

829

1,111

1,008

1,198

1,630

1,729

1,687

1,665

1,530

1,335

1,357

1,467

Cash & Bank

261

364

192

125

106

127

260

290

226

1,029

1,035

1,333

1,302

1,423

1,543

1,728

470

588

548

Total Assets

3,636

4,130

4,518

4,884

5,533

5,709

6,306

7,410

8,217

8,711

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

577

636

411

761

803

187

595

903

672

894

Cash from Investing

-557

-163

-376

-453

250

-227

-590

-379

-383

Cash from Financing

-216

-192

-223

-141

-274

-309

-133

-249

-366

-403

-422

-35

-81

-35

-72

108

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.99

74.98

74.96

5.09

5.56

5.36

5.30

5.40

5.61

5.17

3.60

4.02

10.72

10.28

10.24

10.10

10.20

10.03

10.41

11.90

11.88

Government

0.00

9.19

9.17

9.42

9.61

9.40

9.38

9.43

9.53

9.13

Kansai Nerolac Paints Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Kansai Nerolac Paints Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI