Kansai Nerolac Paints
- Market cap
- ₹ 14,639 Cr.
- P/E
- 22.7x
- P/B
- 2.21x
- 52-week range
- 157.91 – 264
- ROE
- 9%
- ROCE
- 12%
- Dividend yield
- 1.4%
- Debt / equity
- 0.05
- Sector
- Consumer Durables
- Industry
- Paints
- Listed on
- NSE, BSE
About
Kansai Nerolac Paints Limited is an India-based paints and coating manufacturer, specializing in industrial coatings. The Company is engaged in manufacturing and supplying paints, varnishes, enamels and lacquers. Its product categories include interior wall paints, exterior wall paints, wood coatings, metal enamel paints, paint ancillary, adhesives, waterproofing, and NXTGEN painting services. Its NXTGEN painting services include trained and certified painters, extensive background check, clean and dust-free processes, start-to-end guidance by experts, expert color consultation, advanced color selection tools, on-site sanitation, and quotations based on requirement. The Company serves various sectors, including homes, automobiles, new segments (underbody coats, alloy wheels and seam sealers), consumer durables (fans, microwaves, refrigerators, washing machine), personal use articles (hair clips, artificial jewelry), or transportation infrastructure (bridges, metro rail).
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Paints: 10 companies →Kansai Nerolac Paints against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)22.7 against a typical 35.7: cheaper than most peers (1st = cheapest).2nd of 10
- Sales growth+9.8% against a typical +13% from a year earlier.7th of 10
- Profit growth+5.6% against a typical +14.3% from a year earlier.6th of 9
- Share price, 3 months−10.5% against a typical −9.1%.6th of 10
- Size₹ 14,638.9 Cr. market value against a typical ₹ 1,815.9 Cr. (1st = largest).3rd of 10
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AAA | Stable | 21 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 21 Aug 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 390 Cr. | |
| 22 Dec 2025 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 390 Cr. | |
| 21 Aug 2025 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 390 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Kansai Nerolac PaintsAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 3 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended June 30, 2026 |
| 6 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 3 Feb 2026 | Financial Results | KANSAI NEROLAC PAINTS LIMITED has informed the Exchange about Board Meeting to be held on 03-Feb-2025 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarter ended December 2025. |
| 3 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 4 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 6 May 2025 | Financial Results/Dividend | In terms of the provisions of Regulation 29 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ), please be informed that the meeting of the Board of Directors of Kansai Nerolac Paints Limited ( Company ) will be held on Tuesday, 6th May, 2025, to inter aliaa) consider the audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended 31st March, 2025 ( Audited Financial Results ); and b) recommend dividend, if any, for the financial year ended 31st March, 2025. The Audited Financial Results as aforesaid, together with particulars of dividend recommended by the Board, if any, would be duly intimated to the Stock Exchanges after the conclusion of the aforesaid Board Meeting. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,957 | 1,919 | 1,769 | 2,133 | 1,951 | 1,922 | 1,817 | 2,162 | 1,954 | 1,982 | 1,954 | 2,374 |
| Expenses | 1,683 | 1,675 | 1,590 | 1,803 | 1,739 | 1,687 | 1,651 | 1,859 | 1,739 | 1,742 | 1,737 | 2,045 |
| Operating Profit | 273 | 244 | 179 | 330 | 212 | 235 | 166 | 303 | 215 | 240 | 216 | 328 |
| OPM % | 14% | 13% | 10% | 15% | 11% | 12% | 9% | 14% | 11% | 12% | 11% | 14% |
| Other Income | 22 | 20 | 33 | 34 | 27 | 671 | 37 | 53 | 28 | −10 | 11 | 55 |
| Interest | 8 | 7 | 7 | 7 | 7 | 9 | 8 | 7 | 8 | 9 | 8 | 8 |
| Depreciation | 47 | 48 | 48 | 48 | 49 | 53 | 52 | 53 | 54 | 60 | 61 | 63 |
| Profit before tax | 240 | 208 | 157 | 308 | 183 | 844 | 144 | 295 | 182 | 161 | 158 | 312 |
| Tax % | 27% | 27% | 27% | 27% | 34% | 22% | 29% | 27% | 27% | 27% | 31% | 27% |
| Net Profit | 175 | 152 | 114 | 225 | 120 | 662 | 102 | 216 | 133 | 117 | 110 | 228 |
| EPS in Rs | 2.19 | 1.91 | 1.44 | 2.86 | 1.52 | 8.42 | 1.34 | 2.73 | 1.67 | 1.5 | 1.39 | 2.86 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 8%
- 5 Years
- 10%
- 3 Years
- 2%
- TTM
- 5%
- 10 Years
- 2%
- 5 Years
- 2%
- 3 Years
- 7%
- TTM
- 1%
- 10 Years
- −2%
- 5 Years
- −14%
- 3 Years
- −15%
- TTM
- —
- 10 Years
- 12%
- 5 Years
- 10%
- 3 Years
- 11%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Kansai Nerolac Paints | ₹ 179.10 | ₹ 14,639 Cr. | 22.7x | 2.2x | 9% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- Yash Ahuja
- Chief Financial Officer, Chief Risk Officer
- G. T. Govindarajan
- Compliance Officer, Company Secretary
- Pravin D. Chaudhari
- Managing Director, Executive Director
Prices are delayed and for information only. Nothing on this page is investment advice.