Kansai Nerolac Paints Ltd.

•

nerolac.comBSE: 500165NSE: KANSAINER

Market Cap₹ 15,282 Cr.

Current Price

High / Low₹ 264 / 158

Stock P/E24.2

Book Value₹ 86

Price to Book2.02

Dividend Yield1.32 %

ROCE13.1 %

ROE9.5 %

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%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 22.4%
Company has been maintaining a healthy dividend payout of 32.6%
Company generates healthy free cash flow
Company has a consistent dividend-paying track record

CONS

Company has delivered a poor profit growth of 3.2% over past five years
Recurring exceptional / one-off items are inflating headline profit
Expensive relative to growth - PEG of 2.9

* 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

Standalone Figures in Rs. Crores / View Consolidated

	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
	2,071	1,846	1,815	1,662	2,050	1,864	1,842	1,740	2,087	1,871	1,907	1,873	2,300
	1,737	1,576	1,575	1,483	1,716	1,649	1,595	1,563	1,775	1,659	1,660	1,658	2,030
Operating Profit	334	270	240	179	334	215	247	178	312	212	247	215	270
OPM %	16.12%	14.62%	13.22%	10.78%	16.31%	11.54%	13.40%	10.22%	14.95%	11.32%	12.96%	11.48%	11.73%
	678	22	22	13	38	27	517	39	53	29	-8	18	56
Interest	3	3	3	3	3	3	5	4	4	4	6	5	5
Depreciation	43	45	46	46	46	46	51	50	51	53	59	59	61
Profit before Tax	966	244	213	143	323	192	707	164	310	184	175	169	326
Tax %	22.99%	26.24%	25.95%	29.12%	25.45%	32.24%	25.56%	24.62%	25.55%	25.73%	25.02%	28.38%	25.61%
Net Profit	744	180	158	102	241	130	526	123	231	137	131	121	242
	9.20	2.23	1.95	1.25	2.98	1.61	6.51	1.53	2.86	1.69	1.62	1.49	3.00

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	3,999	4,587	5,174	4,943	4,771	5,949	7,081	7,393	7,497	7,739	7,951
	3,269	3,797	4,432	4,162	3,927	5,302	6,287	6,370	6,523	6,753	7,007
Operating Profit	730	790	742	782	844	647	794	1,023	974	986	944
OPM %	18.25%	17.22%	14.34%	15.81%	17.68%	10.88%	11.21%	13.84%	12.99%	12.74%	11.87%
	98	72	62	27	28	21	31	735	621	92	95
Interest	0	0	0	5	8	10	10	12	15	18	20
Depreciation	69	76	90	120	149	154	165	180	194	221	231
Profit before Tax	759	786	713	684	714	505	650	1,566	1,387	838	854
Tax %	33.38%	34.33%	34.49%	21.68%	25.69%	25.89%	25.21%	24.46%	26.35%	26.05%	26.06%
Net Profit	506	516	467	535	531	374	486	1,183	1,021	620	631
EPS	9.39	9.58	8.67	9.94	9.85	6.95	6.02	14.63	12.63	7.66	—
Dividend Payout %	31.95%	27.13%	29.98%	31.71%	53.32%	32.39%	29.91%	25.63%	29.68%	32.62%	—

COMPOUNDED SALES GROWTH

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

COMPOUNDED PROFIT GROWTH

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

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	2,751	3,071	3,371	3,733	4,023	4,117	4,550	5,556	6,273	6,602
	18	10	3	49	81	86	94	120	139	220
Trade Payables	550	684	632	520	823	890	938	980	1,024	1,075
	224	249	246	237	257	248	440	488	452	560
Total Liabilities	3,597	4,068	4,306	4,592	5,238	5,396	6,075	7,225	7,969	8,539
	946	1,006	1,316	1,708	1,777	1,876	1,995	2,074	2,160	2,333
Capital Work in Progress	142	343	315	164	206	224	113	148	221	169
	553	546	304	455	770	300	653	1,459	1,907	2,422
	691	806	1,053	930	1,112	1,532	1,648	1,616	1,610	1,493
	0	0	0	0	0	0	0	1,215	1,275	1,380
Cash & Bank	250	361	81	166	83	81	95	230	260	192
	1,015	1,006	1,237	1,168	1,290	1,383	1,572	483	537	549
Total Assets	3,597	4,068	4,306	4,592	5,238	5,396	6,075	7,225	7,969	8,539

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	569	651	408	777	803	210	562	895	647	885
Cash from Investing	-567	-155	86	-344	-465	251	-274	-636	-372	-429
Cash from Financing	-212	-206	-178	-192	-276	-324	-89	-187	-352	-358
	-433	17	18	85	-86	-14	24	72	-77	98

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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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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

2,071

1,846

1,815

1,662

2,050

1,864

1,842

1,740

2,087

1,871

1,907

1,873

2,300

1,737

1,576

1,575

1,483

1,716

1,649

1,595

1,563

1,775

1,659

1,660

1,658

2,030

Operating Profit

334

270

240

179

334

215

247

178

312

212

247

215

270

OPM %

16.12%

14.62%

13.22%

10.78%

16.31%

11.54%

13.40%

10.22%

14.95%

11.32%

12.96%

11.48%

11.73%

678

517

-8

Interest

Depreciation

Profit before Tax

966

244

213

143

323

192

707

164

310

184

175

169

326

Tax %

22.99%

26.24%

25.95%

29.12%

25.45%

32.24%

25.56%

24.62%

25.55%

25.73%

25.02%

28.38%

25.61%

Net Profit

744

180

158

102

241

130

526

123

231

137

131

121

242

9.20

2.23

1.95

1.25

2.98

1.61

6.51

1.53

2.86

1.69

1.62

1.49

3.00

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

3,999

4,587

5,174

4,943

4,771

5,949

7,081

7,393

7,497

7,739

7,951

3,269

3,797

4,432

4,162

3,927

5,302

6,287

6,370

6,523

6,753

7,007

Operating Profit

730

790

742

782

844

647

794

1,023

974

986

944

OPM %

18.25%

17.22%

14.34%

15.81%

17.68%

10.88%

11.21%

13.84%

12.99%

12.74%

11.87%

735

621

Interest

Depreciation

120

149

154

165

180

194

221

231

Profit before Tax

759

786

713

684

714

505

650

1,566

1,387

838

854

Tax %

33.38%

34.33%

34.49%

21.68%

25.69%

25.89%

25.21%

24.46%

26.35%

26.05%

26.06%

Net Profit

506

516

467

535

531

374

486

1,183

1,021

620

631

EPS

9.39

9.58

8.67

9.94

9.85

6.95

6.02

14.63

12.63

7.66

—

Dividend Payout %

31.95%

27.13%

29.98%

31.71%

53.32%

32.39%

29.91%

25.63%

29.68%

32.62%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

2,751

3,071

3,371

3,733

4,023

4,117

4,550

5,556

6,273

6,602

120

139

220

Trade Payables

550

684

632

520

823

890

938

980

1,024

1,075

224

249

246

237

257

248

440

488

452

560

Total Liabilities

3,597

4,068

4,306

4,592

5,238

5,396

6,075

7,225

7,969

8,539

946

1,006

1,316

1,708

1,777

1,876

1,995

2,074

2,160

2,333

Capital Work in Progress

142

343

315

164

206

224

113

148

221

169

553

546

304

455

770

300

653

1,459

1,907

2,422

691

806

1,053

930

1,112

1,532

1,648

1,616

1,610

1,493

1,215

1,275

1,380

Cash & Bank

250

361

166

230

260

192

1,015

1,006

1,237

1,168

1,290

1,383

1,572

483

537

549

Total Assets

3,597

4,068

4,306

4,592

5,238

5,396

6,075

7,225

7,969

8,539

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

569

651

408

777

803

210

562

895

647

885

Cash from Investing

-567

-155

-344

-465

251

-274

-636

-372

-429

Cash from Financing

-212

-206

-178

-192

-276

-324

-89

-187

-352

-358

-433

-86

-14

-77

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