Kansai Nerolac

Why is Kansai Nerolac Paints Ltd falling/rising?

As of 06-Aug, Kansai Nerolac Paints Ltd's stock price is rising to 211.15, driven by strong financial results, increased investor interest, and a net-debt free status. Despite a year-to-date decline, the stock has shown resilience with a 5.94% gain over the last two days.

As of 06-Aug, Kansai Nerolac Paints Ltd's stock price is rising, currently at 211.15, with a change of 0.65 (0.31%) upward. This increase can be attributed to several factors. The stock has outperformed its sector by 0.65% today and has shown a consecutive gain over the last two days, rising by 5.94% during this period. Additionally, there has been a notable increase in investor participation, with delivery volume on 05-Aug rising by 157.45% compared to the 5-day average, indicating heightened interest in the stock.<BR><BR>Furthermore, the company's financial health is a positive factor, as it is net-debt free, and it reported strong results for the quarter ending June 26, including the highest net sales of Rs 2,373.59 crore and a dividend per share of Rs 3.75. The stock is trading at a fair valuation compared to its peers, with a price-to-book value of 2.5 and a return on equity of 9.5. Despite a year-to-date decline of 10.34%, the company's profits have increased by 1%, suggesting a resilient operational performance. Overall, these elements contribute to the stock's upward movement.

Which are the latest news on Kansai Nerolac?

Are Kansai Nerolac Paints Ltd latest results good or bad?

Kansai Nerolac Paints Ltd's latest results show strong revenue and profit growth, with a net profit increase of 106.27% to ₹231.58 crores. However, declining operating margins and a lower return on equity compared to industry peers indicate ongoing challenges, making the overall assessment mixed.

Kansai Nerolac Paints Ltd's latest results present a mixed picture. On one hand, the company reported a significant increase in net profit, which rose by 106.27% quarter-on-quarter to ₹231.58 crores, and a record revenue of ₹2,373.59 crores, reflecting a 21.49% sequential growth. This performance indicates strong seasonal demand typical for the April-June period.<BR><BR>However, there are notable concerns. The operating margin has slightly declined to 13.83%, down 19 basis points from the previous year, suggesting that the company is facing margin pressures due to factors like rising raw material costs or competitive pricing. Additionally, the return on equity (ROE) stands at 9.45%, which is below industry averages and indicates inefficiencies in generating returns on shareholder equity.<BR><BR>Overall, while the absolute profit figures are encouraging, the ongoing margin pressures and underperformance relative to peers like Asian Paints and Berger Paints suggest that the company still has significant challenges to address. Thus, the results can be seen as good in terms of revenue and profit growth, but bad when considering the broader context of operational efficiency and competitive positioning.

Should I buy, sell or hold Kansai Nerolac Paints Ltd?

How big is Kansai Nerolac?

As of 10th June, Kansai Nerolac Paints Ltd has a market capitalization of 17,290.00 Cr, with recent net sales of 8,051.91 Cr and a net profit of 589.47 Cr over the last four quarters.

As of 10th June, <BR><BR>Market Cap: Kansai Nerolac Paints Ltd has a market capitalization of 17,290.00 Cr, categorizing it as a Small Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 8,051.91 Cr, while the sum of Net Profit for the same period is 589.47 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period for the latest annual data is March 2025. Shareholder's Funds stand at 6,423.16 Cr, and Total Assets amount to 8,217.03 Cr.

Who are in the management team of Kansai Nerolac?

The management team of Kansai Nerolac includes Pradip P Shah (Chairman), Anuj Jain (Managing Director), and several directors, including G T Govindarajan, Hitoshi Nishibayashi, Sonia Singh, Takashi Tomioka, Bhaskar Bhat, and Pravin D Chaudhari, who oversee the company's operations and strategy.

The management team of Kansai Nerolac includes the following individuals:<BR><BR>1. **Pradip P Shah** - Chairman & Independent Director<BR>2. **G T Govindarajan** - Company Secretary & Compliance Officer<BR>3. **Anuj Jain** - Managing Director<BR>4. **Hitoshi Nishibayashi** - Director<BR>5. **Sonia Singh** - Independent Director<BR>6. **Takashi Tomioka** - Director<BR>7. **Bhaskar Bhat** - Independent Director<BR>8. **Pravin D Chaudhari** - Director<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

Who are the peers of the Kansai Nerolac?

Kansai Nerolac's peers include Asian Paints, Berger Paints, JSW Dulux, and others, with varying management risks and growth rates. Asian Paints leads in 1-year returns at 21.84%, while Kansai Nerolac's return is -15.26%.

Peers: The peers of Kansai Nerolac are Asian Paints, Berger Paints, JSW Dulux, Indigo Paints, Sirca Paints, Shalimar Paints, Kamdhenu Venture, Retina Paints, and MCON Rasayan.<BR><BR>Quality Snapshot: Excellent management risk is observed at Asian Paints and JSW Dulux, while Good management risk is found at Berger Paints, Kansai Nerolac, Indigo Paints, and the rest. Average management risk is noted at Sirca Paints, while Below Average management risk is seen at Shalimar Paints, Kamdhenu Venture, Retina Paints, and MCON Rasayan. Growth is Excellent at Sirca Paints, Average at Asian Paints, and Below Average at Berger Paints, Kansai Nerolac, JSW Dulux, Indigo Paints, Shalimar Paints, Kamdhenu Venture, Retina Paints, and MCON Rasayan. Capital Structure is Excellent at Asian Paints, Berger Paints, Kansai Nerolac, JSW Dulux, Indigo Paints, and Sirca Paints, while it is Below Average at Shalimar Paints, Retina Paints, and MCON Rasayan, and Good at Kamdhenu Venture.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Asian Paints at 21.84%, while the peer with the lowest is Shalimar Paints at -48.62%. Kansai Nerolac's own 1-year return is -15.26%, which is higher than Shalimar Paints but lower than Asian Paints. Additionally, several peers, including Shalimar Paints, Kamdhenu Venture, and Indigo Paints, have negative six-month returns.

What does Kansai Nerolac do?

Kansai Nerolac Paints Ltd is a leading Indian coatings company specializing in decorative and industrial paints, with a market cap of INR 17,290 Cr and recent net sales of 1,954 Cr and net profit of 112 Cr as of March 2026. The company was founded in 1920 and has a P/E ratio of 27.00.

Overview:<BR>Kansai Nerolac Paints Ltd is one of India's largest coatings companies, specializing in both decorative and industrial coatings within the small-cap paints industry.<BR><BR>History:<BR>Kansai Nerolac Paints Ltd was incorporated in 1920 and has undergone various status changes since its inception. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 1,954 Cr (Quarterly Results - Mar 2026) <BR>Most recent Net Profit: 112 Cr (Quarterly Results - Mar 2026) <BR>Market-cap value: INR 17,290 Cr (Small Cap)<BR><BR>Key Metrics:<BR>P/E: 27.00 <BR>Industry P/E: 52 <BR>Dividend Yield: 0.60% <BR>Debt-Equity: -0.34 <BR>Return on Equity: 9.45% <BR>Price to Book: 2.52 <BR><BR>Contact Details:<BR>Address: Nerolac House Post Box-16322, Ganpatrao Kadam Mrg LowerParel Mumbai Maharashtra : 400013 <BR>Tel: 91-22-24934001 <BR>Email: investor@nerolac.com <BR>Website: http://www.nerolac.com

Is Kansai Nerolac technically bullish or bearish?

As of December 4, 2025, Kansai Nerolac's technical trend has shifted to a bearish stance with moderate strength, supported by bearish signals from MACD, moving averages, and Bollinger Bands, despite some divergence in longer-term indicators.

As of 4 December 2025, the technical trend for Kansai Nerolac has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The weekly MACD is bearish, and the daily moving averages also indicate a bearish trend. Bollinger Bands confirm a bearish outlook on both weekly and monthly time frames. The KST and Dow Theory show mildly bearish signals on the weekly, while the monthly remains mildly bullish, indicating some divergence. Overall, the indicators suggest a prevailing bearish sentiment, particularly in the short to medium term.

How has been the historical performance of Kansai Nerolac?

Kansai Nerolac has demonstrated steady growth in net sales and profits from Mar'19 to Mar'25, with net sales increasing to 7,822.97 Cr, despite fluctuations in expenses and a slight decline in operating profit and cash flow. Total assets grew to 8,217.03 Cr, indicating resilience in financial performance.

Answer:<BR>The historical performance of Kansai Nerolac shows a steady growth in net sales and profits over the years, with some fluctuations in expenses and margins.<BR><BR>Breakdown:<BR>Kansai Nerolac's net sales increased from 5,424.32 Cr in Mar'19 to 7,822.97 Cr in Mar'25, reflecting consistent growth. Total operating income followed a similar trend, reaching 7,822.97 Cr in Mar'25, up from 6,369.35 Cr in Mar'22. The raw material costs have also risen, peaking at 4,572.15 Cr in Mar'25, while employee costs increased to 501.89 Cr in the same year. Operating profit (PBDIT) was 1,081.47 Cr in Mar'25, showing a slight decline from 1,119.63 Cr in Mar'24, but significantly higher than 674.77 Cr in Mar'22. Profit before tax reached 1,478.03 Cr in Mar'25, down from 1,561.21 Cr in Mar'24, while profit after tax was 1,109.33 Cr, a decrease from 1,175.86 Cr in the previous year. The company's total assets grew to 8,217.03 Cr in Mar'25, up from 7,409.72 Cr in Mar'24, and total liabilities also increased to 8,217.03 Cr. Cash flow from operating activities was 672.00 Cr in Mar'25, down from 903.00 Cr in Mar'24, leading to a net cash outflow of 72.00 Cr in Mar'25. Overall, Kansai Nerolac has shown resilience and growth in its financial performance despite some challenges in profit margins and cash flow.

Who are the top shareholders of the Kansai Nerolac?

The top shareholder of Kansai Nerolac is Kansai Paint Co., Ltd. from Japan, holding 74.98% of the shares. Other significant shareholders include Life Insurance Corporation of India with 3.59%, individual investors with 8.0%, and various mutual funds and foreign institutional investors collectively holding 7.19%.

The top shareholders of Kansai Nerolac include Kansai Paint Co., Ltd. from Japan, which holds a significant 74.98% of the shares. Other notable shareholders are Life Insurance Corporation of India, which owns 3.59%, and individual investors, who collectively hold around 8.0%. Additionally, the company has 16 mutual fund schemes holding 1.89% and 144 foreign institutional investors (FIIs) with a combined holding of 5.3%. There are no pledged promoter holdings reported.

Is Kansai Nerolac overvalued or undervalued?

As of November 3, 2023, Kansai Nerolac is considered undervalued with an attractive valuation grade, a PE ratio of 31.09, and lower than its peers like Asian Paints and Berger Paints, despite a year-to-date return of -5.62% compared to the Sensex's 5.63%.

As of 3 November 2023, Kansai Nerolac's valuation grade has moved from fair to attractive, indicating a positive shift in its market positioning. The company is currently considered undervalued, with a PE ratio of 31.09, an EV to EBITDA ratio of 19.45, and a Price to Book Value of 3.14. These ratios suggest that the stock is trading at a reasonable valuation compared to its earnings and asset base.<BR><BR>In comparison to its peers, Kansai Nerolac's PE ratio is significantly lower than Asian Paints, which has a PE of 54.97, and Berger Paints at 57.52, both of which are categorized as expensive. This positions Kansai Nerolac favorably within the industry, especially given its attractive valuation status. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -5.62% compared to the Sensex's 5.63%, reinforcing the notion that the stock may be undervalued relative to its potential.

When is the next results date for Kansai Nerolac?

No Upcoming Board Meetings

What is the bonus history of the Kansai Nerolac?

Kansai Nerolac's most recent bonus issue was a 1:2 ratio announced on July 4, 2023. Previously, the company issued a 1:1 bonus on June 24, 2010.

Kansai Nerolac has a notable bonus history. The most recent bonus issue was a 1:2 ratio, which was announced with an ex-date of July 4, 2023. Prior to that, the company issued a 1:1 bonus on June 24, 2010, with the ex-date being June 23, 2010. This reflects the company's approach to rewarding its shareholders over the years.

Has Kansai Nerolac declared dividend?

Yes, Kansai Nerolac has declared a dividend of 125% (₹1.25 per share) with an ex-date of June 23, 2025. Despite the dividend, total returns over various periods have shown a decline in price performance.

Kansai Nerolac has declared a dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 125%<BR>- Amount per share: 1.25<BR>- Ex-date: 23 Jun 25<BR><BR>Dividend Yield: 1.51%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -10.6%, the dividend return was 0.46%, resulting in a total return of -10.14%.<BR><BR>Over the past year, the price return was -9.0%, the dividend return was 0.88%, leading to a total return of -8.12%.<BR><BR>For the 2-year period, the price return was -11.79%, the dividend return was 0.82%, culminating in a total return of -10.97%.<BR><BR>In the 3-year span, the price return was -8.68%, the dividend return was 2.17%, resulting in a total return of -6.51%.<BR><BR>Over the last 4 years, the price return was -34.97%, the dividend return was 1.92%, leading to a total return of -33.05%.<BR><BR>In the 5-year period, the price return was -5.71%, the dividend return was 3.52%, resulting in a total return of -2.19%.<BR><BR>Overall, while Kansai Nerolac has declared a substantial dividend, the total returns over various periods indicate a decline in price performance, suggesting challenges in shareholder value despite the dividend payouts.