Kansai Nerolac Paints Limited (KANSAINER) AI Stock Analysis

• Market Cap: ₹144.18B
• Dividend Yield: 1.11%
• Average Volume (3M): 30.53K
• Price to Earnings (P/E): 39.2
• Beta (1Y): 0.74
• Revenue Growth: 1.06%
• EPS Growth: 83.53%
• Country: IN
• Employees: 3,784
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 2.00
• Shares Outstanding: 808,658,260
• 10 Day Avg. Volume: 25,578
• 30 Day Avg. Volume: 30,534
• PEG Ratio: -4.75
• Price to Book (P/B): 3.00
• Price to Sales (P/S): 2.47
• P/FCF Ratio: 55.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹248.00
• Price Target Upside: 1.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 8.98
• Revenue Forecast (FY): ₹86.20B

• Rating: 64 Neutral
• Price Target: ₹180.00 ▼(-26.44% Downside)
• Action: Downgraded Date: 03/20/26
• Date: Action: Downgraded 03/20/26

The score is primarily supported by strong financial performance (growth, stable margins, and prudent leverage). This is meaningfully offset by weak technical conditions (below key moving averages with negative MACD and very oversold momentum) and a relatively expensive valuation due to the high P/E despite a modest dividend yield.

Positive Factors

Revenue growth trend

Kansai Nerolac has reported multi-year revenue growth and a notable increase from 2022–2025, reflecting expanding end-market penetration across decorative and industrial coatings. Durable top-line momentum supports scale benefits, distribution leverage and sustained product adoption over months.

Negative Factors

Earnings volatility

A nearly 50% reported decline in EPS growth signals earnings volatility that can persist, driven by margin swings or episodic costs. This reduces predictability of profits and may constrain management's ability to commit to multi-period investments or steady payout policies over the medium term.

Kansai Nerolac Paints Limited Business Overview & Revenue Model

Company Description

Kansai Nerolac Paints Limited manufactures and sells paints and varnishes, enamels, or lacquers in India. It offers interior and exterior decorative wall paints, wood coatings, metal enamel paints, and ancillary paints, as well as adhesives and wa...

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Kansai Nerolac Paints Limited manufactures and sells paints and varnishes, enamels, or lacquers in India. It offers interior and exterior decorative wall paints, wood coatings, metal enamel paints, and ancillary paints, as well as adhesives and wa...

How the Company Makes Money

Kansai Nerolac primarily makes money by manufacturing and selling paints and coatings, with revenue earned from product sales across two broad categories: (1) decorative coatings and (2) industrial coatings. Decorative coatings generate revenue th...

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Kansai Nerolac primarily makes money by manufacturing and selling paints and coatings, with revenue earned from product sales across two broad categories: (1) decorative coatings and (2) industrial coatings. Decorative coatings generate revenue th...

Kansai Nerolac Paints Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	78.19B	77.87B	77.68B	75.05B	62.82B	50.41B
Gross Profit	25.08B	26.80B	26.87B	22.08B	18.25B	18.71B
EBITDA	17.08B	17.11B	17.81B	8.44B	6.74B	9.01B
Net Income	11.45B	11.43B	11.85B	4.74B	3.59B	5.30B
Balance Sheet
Total Assets	83.39B	82.17B	74.10B	63.06B	57.09B	55.33B
Cash, Cash Equivalents and Short-Term Investments	19.94B	21.36B	15.81B	6.34B	3.13B	7.90B
Total Debt	2.76B	2.96B	2.76B	2.87B	3.19B	2.69B
Total Liabilities	18.86B	18.13B	18.11B	17.46B	15.58B	14.44B
Stockholders Equity	64.73B	64.23B	55.83B	45.34B	41.32B	40.53B
Cash Flow
Free Cash Flow	986.30M	3.46B	6.66B	2.85B	-1.94B	5.42B
Operating Cash Flow	2.02B	6.72B	9.03B	4.08B	247.70M	6.46B
Investing Cash Flow	2.38B	-3.79B	-5.90B	-2.27B	2.50B	-4.53B
Financing Cash Flow	-3.65B	-3.66B	-2.49B	-1.33B	-3.09B	-2.74B

Kansai Nerolac Paints Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 244.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KANSAINER, the sentiment is Neutral. The current price of 244.7 is above the 20-day moving average (MA) of 177.70, above the 50-day MA of 199.19, and above the 200-day MA of 231.03, indicating a neutral trend. The MACD of -8.19 indicates Negative momentum. The RSI at 45.82 is Neutral, neither overbought nor oversold. The STOCH value of 75.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:KANSAINER.

Kansai Nerolac Paints Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AKZOINDIA	69 Neutral	₹135.92B	48.69	―	3.04%	-3.03%	357.65%
INDIGOPNTS	65 Neutral	₹36.60B	37.48	―	0.30%	0.14%	2.95%
KANSAINER	64 Neutral	₹144.18B	39.21	―	1.11%	1.06%	83.53%
RALLIS	63 Neutral	₹45.61B	700.00	―	0.92%	0.91%	18.12%
GSFC	62 Neutral	₹60.55B	11.49	―	2.80%	15.25%	26.49%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
REFEX	60 Neutral	₹28.03B	16.52	―	0.19%	21.67%	25.86%

Kansai Nerolac Paints Limited Corporate Events