Kansai Nerolac Paints Ltd.
•₹ 205.852.15%
2026-08-21
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
- Valuation is stretched - P/E of 27.1 is well above its own 5-year median (17.9)
- Expensive relative to growth - PEG of 3.8
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | ASIANPAINT | 2619.20 | 52.73 | 251233.09 | 1.05 | 1559.45 | 39.60 | 10541.94 | 18.12 | 28.22 | 20.93 |
| 2. | BERGEPAINT | 534.65 | 51.24 | 62340.34 | 0.75 | 405.01 | 28.56 | 3583.75 | 11.97 | 23.14 | 17.28 |
| 3. | KANSAINER | 201.35 | 27.13 | 16284.76 | 1.24 | 228.41 | 5.95 | 2373.59 | 9.79 | 12.44 | 13.83 |
| 4. | JSWDULUX | 3093.15 | 7.18 | 14086.30 | 6.66 | 79.70 | -12.42 | 965.00 | -3.02 | 125.82 | 11.93 |
| 5. | INDIGOPNTS | 1149.05 | 34.09 | 5484.72 | 0.44 | 41.70 | 60.04 | 369.67 | 19.69 | 19.92 | 16.78 |
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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 17 | 22 | 20 | 33 | 34 | 27 | 42 | 37 | 53 | 28 | 35 | 30 | 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 |
| 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 | 2 | 2 | 1 | 3 | 2 | 8 | 1 | 3 | 2 | 2 | 1 | 0 | |
| Equity Capital | 54 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 54 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 | 81 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 2,157
- 1,825
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 7
- Depreciation
- 47
- 956
- Tax %
- 23.23%
- Net Profit
- 0
- 9
- Equity Capital
- 54
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 54
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1,957
- 1,683
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 8
- Depreciation
- 47
- 240
- Tax %
- 26.97%
- Net Profit
- 0
- 2
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1,919
- 1,675
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 7
- Depreciation
- 48
- 208
- Tax %
- 26.96%
- Net Profit
- 0
- 2
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,769
- 1,590
- Operating Profit
- —
- OPM %
- —
- Other Income
- 33
- Interest
- 7
- Depreciation
- 48
- 157
- Tax %
- 27.00%
- Net Profit
- 0
- 1
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 2,133
- 1,803
- Operating Profit
- —
- OPM %
- —
- Other Income
- 34
- Interest
- 7
- Depreciation
- 48
- 308
- Tax %
- 27.01%
- Net Profit
- 225
- 3
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1,951
- 1,739
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 7
- Depreciation
- 49
- 183
- Tax %
- 34.48%
- Net Profit
- 120
- 2
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 1,922
- 1,687
- Operating Profit
- —
- OPM %
- —
- Other Income
- 42
- Interest
- 9
- Depreciation
- 53
- 844
- Tax %
- 21.50%
- Net Profit
- 662
- 8
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1,817
- 1,651
- Operating Profit
- —
- OPM %
- —
- Other Income
- 37
- Interest
- 8
- Depreciation
- 52
- 144
- Tax %
- 28.63%
- Net Profit
- 102
- 1
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 2,162
- 1,859
- Operating Profit
- —
- OPM %
- —
- Other Income
- 53
- Interest
- 7
- Depreciation
- 53
- 295
- Tax %
- 27.03%
- Net Profit
- 216
- 3
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,954
- 1,739
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 8
- Depreciation
- 54
- 182
- Tax %
- 26.62%
- Net Profit
- 133
- 2
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,982
- 1,742
- Operating Profit
- —
- OPM %
- —
- Other Income
- 35
- Interest
- 9
- Depreciation
- 60
- 161
- Tax %
- 27.48%
- Net Profit
- 117
- 2
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,954
- 1,737
- Operating Profit
- —
- OPM %
- —
- Other Income
- 30
- Interest
- 8
- Depreciation
- 61
- 158
- Tax %
- 30.64%
- Net Profit
- 110
- 1
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 2,374
- 2,116
- Operating Profit
- —
- OPM %
- —
- Other Income
- 55
- Interest
- 8
- Depreciation
- 63
- 312
- Tax %
- 26.90%
- Net Profit
- 228
- 0
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 81
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 835 | 865 | 813 | 830 | 901 | 675 | 844 | 1,120 | 1,081 | 1,121 | — |
| OPM % | 21 | 19 | 15 | 16 | 18 | 11 | 11 | 14 | 14 | 14 | — |
| Other Income | 98 | 71 | 61 | 26 | 38 | 25 | 26 | 92 | 139 | 146 | 148 |
| Interest | 0 | 1 | 10 | 21 | 24 | 29 | 29 | 29 | 31 | 32 | 33 |
| Depreciation | 70 | 77 | 106 | 142 | 165 | 170 | 180 | 190 | 202 | 228 | 238 |
| 765 | 787 | 697 | 667 | 712 | 476 | 635 | 1,561 | 1,478 | 797 | 814 | |
| Tax % | 33 | 35 | 36 | 23 | 26 | 28 | 26 | 25 | 25 | 28 | 28 |
| Net Profit | 510 | 514 | 448 | 516 | 526 | 343 | 468 | 1,176 | 1,109 | 576 | 589 |
| EPS | 9 | 10 | 8 | 10 | 10 | 7 | 6 | 15 | 14 | 7 | — |
| Dividend Payout % | 32 | 27 | 31 | 33 | 53 | 34 | 31 | 26 | 27 | 34 | — |
| Minority Interest | -1 | 1 | 5 | 5 | 4 | 16 | 5 | 10 | 34 | 14 | -3 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 6 | 6 | 6 | 6 | 7 | 4 | 6 | 15 | 14 | 7 | — |
| Minority Interest | -1 | 1 | 5 | 5 | 4 | 16 | 5 | 10 | 34 | 14 | -3 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 6 | 6 | 6 | 6 | 7 | 4 | 6 | 15 | 14 | 7 | — |
Mar 2017
- 4,053
- 3,315
- Operating Profit
- 835
- OPM %
- 21
- Other Income
- 98
- Interest
- 0
- Depreciation
- 70
- 765
- Tax %
- 33
- Net Profit
- 510
- EPS
- 9
- Dividend Payout %
- 32
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- -1
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2018
- 4,658
- 3,864
- Operating Profit
- 865
- OPM %
- 19
- Other Income
- 71
- Interest
- 1
- Depreciation
- 77
- 787
- Tax %
- 35
- Net Profit
- 514
- EPS
- 10
- Dividend Payout %
- 27
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2019
- 5,424
- 4,672
- Operating Profit
- 813
- OPM %
- 15
- Other Income
- 61
- Interest
- 10
- Depreciation
- 106
- 697
- Tax %
- 36
- Net Profit
- 448
- EPS
- 8
- Dividend Payout %
- 31
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2020
- 5,280
- 4,476
- Operating Profit
- 830
- OPM %
- 16
- Other Income
- 26
- Interest
- 21
- Depreciation
- 142
- 667
- Tax %
- 23
- Net Profit
- 516
- EPS
- 10
- Dividend Payout %
- 33
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2021
- 5,074
- 4,211
- Operating Profit
- 901
- OPM %
- 18
- Other Income
- 38
- Interest
- 24
- Depreciation
- 165
- 712
- Tax %
- 26
- Net Profit
- 526
- EPS
- 10
- Dividend Payout %
- 53
- Minority Interest
- 4
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 4
- Share of Associates
- 0
- Adjusted EPS
- 7
Mar 2022
- 6,369
- 5,720
- Operating Profit
- 675
- OPM %
- 11
- Other Income
- 25
- Interest
- 29
- Depreciation
- 170
- 476
- Tax %
- 28
- Net Profit
- 343
- EPS
- 7
- Dividend Payout %
- 34
- Minority Interest
- 16
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 16
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2023
- 7,543
- 6,725
- Operating Profit
- 844
- OPM %
- 11
- Other Income
- 26
- Interest
- 29
- Depreciation
- 180
- 635
- Tax %
- 26
- Net Profit
- 468
- EPS
- 6
- Dividend Payout %
- 31
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2024
- 7,801
- 6,774
- Operating Profit
- 1,120
- OPM %
- 14
- Other Income
- 92
- Interest
- 29
- Depreciation
- 190
- 1,561
- Tax %
- 25
- Net Profit
- 1,176
- EPS
- 15
- Dividend Payout %
- 26
- Minority Interest
- 10
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 10
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2025
- 7,823
- 6,881
- Operating Profit
- 1,081
- OPM %
- 14
- Other Income
- 139
- Interest
- 31
- Depreciation
- 202
- 1,478
- Tax %
- 25
- Net Profit
- 1,109
- EPS
- 14
- Dividend Payout %
- 27
- Minority Interest
- 34
- Share of Associates
- 0
- Adjusted EPS
- 14
- Minority Interest
- 34
- Share of Associates
- 0
- Adjusted EPS
- 14
Mar 2026
- 8,052
- 7,077
- Operating Profit
- 1,121
- OPM %
- 14
- Other Income
- 146
- Interest
- 32
- Depreciation
- 228
- 797
- Tax %
- 28
- Net Profit
- 576
- EPS
- 7
- Dividend Payout %
- 34
- Minority Interest
- 14
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 14
- Share of Associates
- 0
- Adjusted EPS
- 7
TTM
- 8,263
- 7,334
- Operating Profit
- —
- OPM %
- —
- Other Income
- 148
- Interest
- 33
- Depreciation
- 238
- 814
- Tax %
- 28
- Net Profit
- 589
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -3
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- -3
- Share of Associates
- 0
- Adjusted EPS
- —
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:
- -2%
- 5 Years:
- -14%
- 3 Years:
- -15%
- 1 Year:
- -17%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 54 | 54 | 54 | 54 | 54 | 54 | 54 | 81 | 81 | 81 |
| 2,761 | 3,078 | 3,362 | 3,706 | 3,999 | 4,078 | 4,476 | 5,486 | 6,330 | 6,620 | |
| 0 | 17 | 97 | 150 | 150 | 186 | 149 | 101 | 88 | 74 | |
| Trade Payables | 561 | 700 | 693 | 595 | 907 | 981 | 1,016 | 1,052 | 1,101 | 1,165 |
| 261 | 281 | 312 | 378 | 424 | 411 | 612 | 690 | 618 | 771 | |
| Total Liabilities | 3,636 | 4,130 | 4,518 | 4,884 | 5,533 | 5,709 | 6,306 | 7,410 | 8,217 | 8,711 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 29 | 35 | 108 | 178 | 173 | 203 | 160 | 121 | 118 | 83 |
| Net Working Capital | 1,681 | 1,695 | 1,370 | 1,571 | 1,937 | 1,904 | 2,296 | 3,228 | 3,902 | 4,117 |
| Contingent Liabilities | 9 | 10 | 42 | 76 | 148 | 147 | 71 | 134 | 52 | 45 |
| Book Value per Share | 52.23 | 58.12 | 63.39 | 69.78 | 75.21 | 76.68 | 84.06 | 68.86 | 79.30 | 82.87 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 29 | 35 | 108 | 178 | 173 | 203 | 160 | 121 | 118 | 83 |
| Net Working Capital | 1,681 | 1,695 | 1,370 | 1,571 | 1,937 | 1,904 | 2,296 | 3,228 | 3,902 | 4,117 |
| Contingent Liabilities | 9 | 10 | 42 | 76 | 148 | 147 | 71 | 134 | 52 | 45 |
| Book Value per Share | 52.23 | 58.12 | 63.39 | 69.78 | 75.21 | 76.68 | 84.06 | 68.86 | 79.30 | 82.87 |
| Face Value | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 54
- 2,761
- 0
- Trade Payables
- 561
- 261
- Total Liabilities
- 3,636
- 957
- Capital Work in Progress
- 154
- 531
- 703
- 0
- Cash & Bank
- 261
- 1,029
- Total Assets
- 3,636
- Total Debt
- 29
- Net Working Capital
- 1,681
- Contingent Liabilities
- 9
- Book Value per Share
- 52.23
- Face Value
- 1.00
- Total Debt
- 29
- Net Working Capital
- 1,681
- Contingent Liabilities
- 9
- Book Value per Share
- 52.23
- Face Value
- 1.00
Mar 2018
- Equity Capital
- 54
- 3,078
- 17
- Trade Payables
- 700
- 281
- Total Liabilities
- 4,130
- 1,035
- Capital Work in Progress
- 346
- 521
- 829
- 0
- Cash & Bank
- 364
- 1,035
- Total Assets
- 4,130
- Total Debt
- 35
- Net Working Capital
- 1,695
- Contingent Liabilities
- 10
- Book Value per Share
- 58.12
- Face Value
- 1.00
- Total Debt
- 35
- Net Working Capital
- 1,695
- Contingent Liabilities
- 10
- Book Value per Share
- 58.12
- Face Value
- 1.00
Mar 2019
- Equity Capital
- 54
- 3,362
- 97
- Trade Payables
- 693
- 312
- Total Liabilities
- 4,518
- 1,465
- Capital Work in Progress
- 316
- 197
- 1,111
- 0
- Cash & Bank
- 96
- 1,333
- Total Assets
- 4,518
- Total Debt
- 108
- Net Working Capital
- 1,370
- Contingent Liabilities
- 42
- Book Value per Share
- 63.39
- Face Value
- 1.00
- Total Debt
- 108
- Net Working Capital
- 1,370
- Contingent Liabilities
- 42
- Book Value per Share
- 63.39
- Face Value
- 1.00
Mar 2020
- Equity Capital
- 54
- 3,706
- 150
- Trade Payables
- 595
- 378
- Total Liabilities
- 4,884
- 1,906
- Capital Work in Progress
- 169
- 306
- 1,008
- 0
- Cash & Bank
- 192
- 1,302
- Total Assets
- 4,884
- Total Debt
- 178
- Net Working Capital
- 1,571
- Contingent Liabilities
- 76
- Book Value per Share
- 69.78
- Face Value
- 1.00
- Total Debt
- 178
- Net Working Capital
- 1,571
- Contingent Liabilities
- 76
- Book Value per Share
- 69.78
- Face Value
- 1.00
Mar 2021
- Equity Capital
- 54
- 3,999
- 150
- Trade Payables
- 907
- 424
- Total Liabilities
- 5,533
- 1,912
- Capital Work in Progress
- 207
- 669
- 1,198
- 0
- Cash & Bank
- 125
- 1,423
- Total Assets
- 5,533
- Total Debt
- 173
- Net Working Capital
- 1,937
- Contingent Liabilities
- 148
- Book Value per Share
- 75.21
- Face Value
- 1.00
- Total Debt
- 173
- Net Working Capital
- 1,937
- Contingent Liabilities
- 148
- Book Value per Share
- 75.21
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 54
- 4,078
- 186
- Trade Payables
- 981
- 411
- Total Liabilities
- 5,709
- 1,996
- Capital Work in Progress
- 225
- 211
- 1,630
- 0
- Cash & Bank
- 106
- 1,543
- Total Assets
- 5,709
- Total Debt
- 203
- Net Working Capital
- 1,904
- Contingent Liabilities
- 147
- Book Value per Share
- 76.68
- Face Value
- 1.00
- Total Debt
- 203
- Net Working Capital
- 1,904
- Contingent Liabilities
- 147
- Book Value per Share
- 76.68
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 54
- 4,476
- 149
- Trade Payables
- 1,016
- 612
- Total Liabilities
- 6,306
- 2,108
- Capital Work in Progress
- 113
- 501
- 1,729
- 0
- Cash & Bank
- 127
- 1,728
- Total Assets
- 6,306
- Total Debt
- 160
- Net Working Capital
- 2,296
- Contingent Liabilities
- 71
- Book Value per Share
- 84.06
- Face Value
- 1.00
- Total Debt
- 160
- Net Working Capital
- 2,296
- Contingent Liabilities
- 71
- Book Value per Share
- 84.06
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 81
- 5,486
- 101
- Trade Payables
- 1,052
- 690
- Total Liabilities
- 7,410
- 2,182
- Capital Work in Progress
- 149
- 1,327
- 1,687
- 1,335
- Cash & Bank
- 260
- 470
- Total Assets
- 7,410
- Total Debt
- 121
- Net Working Capital
- 3,228
- Contingent Liabilities
- 134
- Book Value per Share
- 68.86
- Face Value
- 1.00
- Total Debt
- 121
- Net Working Capital
- 3,228
- Contingent Liabilities
- 134
- Book Value per Share
- 68.86
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 81
- 6,330
- 88
- Trade Payables
- 1,101
- 618
- Total Liabilities
- 8,217
- 2,246
- Capital Work in Progress
- 221
- 1,850
- 1,665
- 1,357
- Cash & Bank
- 290
- 588
- Total Assets
- 8,217
- Total Debt
- 118
- Net Working Capital
- 3,902
- Contingent Liabilities
- 52
- Book Value per Share
- 79.30
- Face Value
- 1.00
- Total Debt
- 118
- Net Working Capital
- 3,902
- Contingent Liabilities
- 52
- Book Value per Share
- 79.30
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 81
- 6,620
- 74
- Trade Payables
- 1,165
- 771
- Total Liabilities
- 8,711
- 2,404
- Capital Work in Progress
- 170
- 2,365
- 1,530
- 1,467
- Cash & Bank
- 226
- 548
- Total Assets
- 8,711
- Total Debt
- 83
- Net Working Capital
- 4,117
- Contingent Liabilities
- 45
- Book Value per Share
- 82.87
- Face Value
- 1.00
- Total Debt
- 83
- Net Working Capital
- 4,117
- Contingent Liabilities
- 45
- Book Value per Share
- 82.87
- Face Value
- 1.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 351 | 360 | 100 | 595 | 646 | 25 | 408 | 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 | |
| Free Cash Flow | 149 | 15 | -441 | 158 | 464 | -225 | 248 | 633 | 365 | 596 |
| OCF / Net Profit | 0.69 | 0.70 | 0.22 | 1.15 | 1.23 | 0.07 | 0.87 | 0.77 | 0.61 | 1.55 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 345 | -30 | 203 | 1,277 | 1,485 | 1,617 |
| OCF / Net Profit | 0.69 | 0.70 | 0.22 | 1.15 | 1.23 | 0.07 | 0.87 | 0.77 | 0.61 | 1.55 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 345 | -30 | 203 | 1,277 | 1,485 | 1,617 |
Mar 2017
- 351
- Cash from Investing
- -557
- Cash from Financing
- -216
- -422
- Free Cash Flow
- 149
- OCF / Net Profit
- 0.69
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.69
- Cumulative 5-Year FCF
- 0
Mar 2018
- 360
- Cash from Investing
- -163
- Cash from Financing
- -192
- 6
- Free Cash Flow
- 15
- OCF / Net Profit
- 0.70
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.70
- Cumulative 5-Year FCF
- 0
Mar 2019
- 100
- Cash from Investing
- 88
- Cash from Financing
- -223
- -35
- Free Cash Flow
- -441
- OCF / Net Profit
- 0.22
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.22
- Cumulative 5-Year FCF
- 0
Mar 2020
- 595
- Cash from Investing
- -376
- Cash from Financing
- -141
- 78
- Free Cash Flow
- 158
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.15
- Cumulative 5-Year FCF
- 0
Mar 2021
- 646
- Cash from Investing
- -453
- Cash from Financing
- -274
- -81
- Free Cash Flow
- 464
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 345
- OCF / Net Profit
- 1.23
- Cumulative 5-Year FCF
- 345
Mar 2022
- 25
- Cash from Investing
- 250
- Cash from Financing
- -309
- -35
- Free Cash Flow
- -225
- OCF / Net Profit
- 0.07
- Cumulative 5-Year FCF
- -30
- OCF / Net Profit
- 0.07
- Cumulative 5-Year FCF
- -30
Mar 2023
- 408
- Cash from Investing
- -227
- Cash from Financing
- -133
- 49
- Free Cash Flow
- 248
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 203
- OCF / Net Profit
- 0.87
- Cumulative 5-Year FCF
- 203
Mar 2024
- 903
- Cash from Investing
- -590
- Cash from Financing
- -249
- 64
- Free Cash Flow
- 633
- OCF / Net Profit
- 0.77
- Cumulative 5-Year FCF
- 1,277
- OCF / Net Profit
- 0.77
- Cumulative 5-Year FCF
- 1,277
Mar 2025
- 672
- Cash from Investing
- -379
- Cash from Financing
- -366
- -72
- Free Cash Flow
- 365
- OCF / Net Profit
- 0.61
- Cumulative 5-Year FCF
- 1,485
- OCF / Net Profit
- 0.61
- Cumulative 5-Year FCF
- 1,485
Mar 2026
- 894
- Cash from Investing
- -383
- Cash from Financing
- -403
- 108
- Free Cash Flow
- 596
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 1,617
- OCF / Net Profit
- 1.55
- Cumulative 5-Year FCF
- 1,617
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 9.44 | 9.55 | 8.40 | 9.67 | 9.83 | 6.66 | 8.79 | 14.66 | 14.14 | 7.29 |
| Book Value (₹) | 52.23 | 58.12 | 63.39 | 69.78 | 75.21 | 76.68 | 84.06 | 68.86 | 79.30 | 82.87 |
| Dividend per Share (₹) | 3.00 | 2.60 | 2.60 | 3.15 | 5.25 | 2.25 | 2.70 | 3.75 | 3.75 | 2.50 |
| Cash EPS (₹) | 7.18 | 7.31 | 6.85 | 8.14 | 8.55 | 6.35 | 8.02 | 16.90 | 16.22 | 9.94 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 16.70% | 16.33% | 13.59% | 14.09% | 15.66% | 9.35% | 9.90% | 11.74% | 10.74% | 10.81% |
| Net Margin % | 10.20% | 9.70% | 7.48% | 8.75% | 9.13% | 4.76% | 5.50% | 13.43% | 12.64% | 6.39% |
| ROE % | 19.16% | 17.28% | 13.67% | 14.37% | 13.46% | 8.38% | 10.82% | 23.29% | 18.52% | 8.78% |
| ROCE % | 28.35% | 26.21% | 21.12% | 18.43% | 18.03% | 11.80% | 14.71% | 30.59% | 24.65% | 12.44% |
| 14.84% | 13.23% | 10.35% | 10.97% | 10.09% | 6.10% | 7.80% | 17.15% | 14.20% | 6.80% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 41 | 45 | 44 | 48 | 55 | 52 | 50 | 54 | 56 | 57 |
| Inventory Days | 47 | 53 | 59 | 66 | 70 | 72 | 72 | 71 | 70 | 65 |
| Payable Days | 97 | 93 | 83 | 81 | 99 | 88 | 75 | 79 | 79 | 79 |
| -9 | 5 | 21 | 32 | 26 | 35 | 47 | 46 | 47 | 42 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.01x | 0.01x | 0.03x | 0.05x | 0.04x | 0.05x | 0.04x | 0.02x | 0.02x | 0.01x |
| Interest Coverage (x) | 0.00x | 1175.57x | 70.89x | 32.90x | 31.01x | 17.66x | 22.89x | 54.45x | 48.30x | 25.68x |
| 3.37x | 2.90x | 2.44x | 2.71x | 2.56x | 2.44x | 2.52x | 3.12x | 3.69x | 3.48x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 7.58% | 14.94% | 16.45% | -2.66% | -3.90% | 25.52% | 18.42% | 3.43% | 0.28% | 2.93% |
| Operating Profit Growth % | 36.66% | 3.51% | -5.97% | 2.08% | 8.61% | -25.15% | 25.08% | 32.66% | -3.41% | 3.61% |
| Net Profit Growth % | -43.45% | 0.72% | -12.86% | 15.22% | 1.93% | -34.73% | 36.52% | 151.00% | -5.66% | -48.09% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 66.87% | -3.58% | -48.44% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.88x | 16.45x | 22.92x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 3.81x | 2.93x | 2.02x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.43% | 1.61% | 1.50% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 18.81x | 17.23x | 11.93x |
Mar 2017
- EPS (₹)
- 9.44
- Book Value (₹)
- 52.23
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 7.18
- Operating Margin %
- 16.70%
- Net Margin %
- 10.20%
- ROE %
- 19.16%
- ROCE %
- 28.35%
- 14.84%
- Debtor Days
- 41
- Inventory Days
- 47
- Payable Days
- 97
- -9
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 0.00x
- 3.37x
- Revenue Growth %
- 7.58%
- Operating Profit Growth %
- 36.66%
- Net Profit Growth %
- -43.45%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 9.55
- Book Value (₹)
- 58.12
- Dividend per Share (₹)
- 2.60
- Cash EPS (₹)
- 7.31
- Operating Margin %
- 16.33%
- Net Margin %
- 9.70%
- ROE %
- 17.28%
- ROCE %
- 26.21%
- 13.23%
- Debtor Days
- 45
- Inventory Days
- 53
- Payable Days
- 93
- 5
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 1175.57x
- 2.90x
- Revenue Growth %
- 14.94%
- Operating Profit Growth %
- 3.51%
- Net Profit Growth %
- 0.72%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 8.40
- Book Value (₹)
- 63.39
- Dividend per Share (₹)
- 2.60
- Cash EPS (₹)
- 6.85
- Operating Margin %
- 13.59%
- Net Margin %
- 7.48%
- ROE %
- 13.67%
- ROCE %
- 21.12%
- 10.35%
- Debtor Days
- 44
- Inventory Days
- 59
- Payable Days
- 83
- 21
- Debt to Equity (x)
- 0.03x
- Interest Coverage (x)
- 70.89x
- 2.44x
- Revenue Growth %
- 16.45%
- Operating Profit Growth %
- -5.97%
- Net Profit Growth %
- -12.86%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 9.67
- Book Value (₹)
- 69.78
- Dividend per Share (₹)
- 3.15
- Cash EPS (₹)
- 8.14
- Operating Margin %
- 14.09%
- Net Margin %
- 8.75%
- ROE %
- 14.37%
- ROCE %
- 18.43%
- 10.97%
- Debtor Days
- 48
- Inventory Days
- 66
- Payable Days
- 81
- 32
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- 32.90x
- 2.71x
- Revenue Growth %
- -2.66%
- Operating Profit Growth %
- 2.08%
- Net Profit Growth %
- 15.22%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 9.83
- Book Value (₹)
- 75.21
- Dividend per Share (₹)
- 5.25
- Cash EPS (₹)
- 8.55
- Operating Margin %
- 15.66%
- Net Margin %
- 9.13%
- ROE %
- 13.46%
- ROCE %
- 18.03%
- 10.09%
- Debtor Days
- 55
- Inventory Days
- 70
- Payable Days
- 99
- 26
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 31.01x
- 2.56x
- Revenue Growth %
- -3.90%
- Operating Profit Growth %
- 8.61%
- Net Profit Growth %
- 1.93%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 6.66
- Book Value (₹)
- 76.68
- Dividend per Share (₹)
- 2.25
- Cash EPS (₹)
- 6.35
- Operating Margin %
- 9.35%
- Net Margin %
- 4.76%
- ROE %
- 8.38%
- ROCE %
- 11.80%
- 6.10%
- Debtor Days
- 52
- Inventory Days
- 72
- Payable Days
- 88
- 35
- Debt to Equity (x)
- 0.05x
- Interest Coverage (x)
- 17.66x
- 2.44x
- Revenue Growth %
- 25.52%
- Operating Profit Growth %
- -25.15%
- Net Profit Growth %
- -34.73%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 8.79
- Book Value (₹)
- 84.06
- Dividend per Share (₹)
- 2.70
- Cash EPS (₹)
- 8.02
- Operating Margin %
- 9.90%
- Net Margin %
- 5.50%
- ROE %
- 10.82%
- ROCE %
- 14.71%
- 7.80%
- Debtor Days
- 50
- Inventory Days
- 72
- Payable Days
- 75
- 47
- Debt to Equity (x)
- 0.04x
- Interest Coverage (x)
- 22.89x
- 2.52x
- Revenue Growth %
- 18.42%
- Operating Profit Growth %
- 25.08%
- Net Profit Growth %
- 36.52%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 14.66
- Book Value (₹)
- 68.86
- Dividend per Share (₹)
- 3.75
- Cash EPS (₹)
- 16.90
- Operating Margin %
- 11.74%
- Net Margin %
- 13.43%
- ROE %
- 23.29%
- ROCE %
- 30.59%
- 17.15%
- Debtor Days
- 54
- Inventory Days
- 71
- Payable Days
- 79
- 46
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 54.45x
- 3.12x
- Revenue Growth %
- 3.43%
- Operating Profit Growth %
- 32.66%
- Net Profit Growth %
- 151.00%
- 66.87%
- P/E (x)
- 17.88x
- P/B (x)
- 3.81x
- Dividend Yield %
- 1.43%
- 18.81x
Mar 2025
- EPS (₹)
- 14.14
- Book Value (₹)
- 79.30
- Dividend per Share (₹)
- 3.75
- Cash EPS (₹)
- 16.22
- Operating Margin %
- 10.74%
- Net Margin %
- 12.64%
- ROE %
- 18.52%
- ROCE %
- 24.65%
- 14.20%
- Debtor Days
- 56
- Inventory Days
- 70
- Payable Days
- 79
- 47
- Debt to Equity (x)
- 0.02x
- Interest Coverage (x)
- 48.30x
- 3.69x
- Revenue Growth %
- 0.28%
- Operating Profit Growth %
- -3.41%
- Net Profit Growth %
- -5.66%
- -3.58%
- P/E (x)
- 16.45x
- P/B (x)
- 2.93x
- Dividend Yield %
- 1.61%
- 17.23x
Mar 2026
- EPS (₹)
- 7.29
- Book Value (₹)
- 82.87
- Dividend per Share (₹)
- 2.50
- Cash EPS (₹)
- 9.94
- Operating Margin %
- 10.81%
- Net Margin %
- 6.39%
- ROE %
- 8.78%
- ROCE %
- 12.44%
- 6.80%
- Debtor Days
- 57
- Inventory Days
- 65
- Payable Days
- 79
- 42
- Debt to Equity (x)
- 0.01x
- Interest Coverage (x)
- 25.68x
- 3.48x
- Revenue Growth %
- 2.93%
- Operating Profit Growth %
- 3.61%
- Net Profit Growth %
- -48.09%
- -48.44%
- P/E (x)
- 22.92x
- P/B (x)
- 2.02x
- Dividend Yield %
- 1.50%
- 11.93x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-10 - Kansai Nerolac Paints Limited has informed the Exchange about Transcript
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-03 - Kansai Nerolac Paints Limited has informed the Exchange about Link of recordings
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Mar 2026