Kansai Nerolac Paints Limited (IN:KANSAINER)
:KANSAINER
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Kansai Nerolac Paints Limited
(KANSAINER)
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Rating:69Neutral
Price Target:
₹232.00
▼(-5.19% Downside)
Action:Reiterated
Date:05/08/26
The score is primarily supported by the company’s strong, low-leverage balance sheet and currently positive cash generation, but is held back by the significant 2026 margin and profitability compression. Technicals are mildly supportive (short-term uptrend with positive momentum), while valuation is neutral with a moderate P/E and low dividend yield.
Positive Factors
Balance Sheet Strength
Very low leverage (debt-to-equity ~0.05) provides Kansai Nerolac durable financial flexibility. Low borrowing reduces refinancing and solvency risk, supports capital expenditure, working-capital needs and opportunistic investments, and helps the firm withstand industry downturns over the medium term.
Negative Factors
Margin Compression
Material gross and net margin deterioration signals persistent cost, mix or pricing pressures. Sustained margin compression erodes operating leverage and cash generation, weakens returns on capital and may force ongoing cost containment that can impair growth investments and brand-supporting activities.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low leverage (debt-to-equity ~0.05) provides Kansai Nerolac durable financial flexibility. Low borrowing reduces refinancing and solvency risk, supports capital expenditure, working-capital needs and opportunistic investments, and helps the firm withstand industry downturns over the medium term.
Read all positive factors
Kansai Nerolac Paints Limited (KANSAINER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹169.39B
Dividend Yield1.11%
Average Volume (3M)30.53K
Price to Earnings (P/E)28.7
Beta (1Y)0.78
Revenue Growth2.93%
EPS Growth-48.43%
CountryIN
Employees3,784
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)14.16
Shares Outstanding808,714,500
10 Day Avg. Volume25,578
30 Day Avg. Volume30,534
Financial Highlights & Ratios
PEG Ratio-0.47
Price to Book (P/B)2.01
Price to Sales (P/S)1.68
P/FCF Ratio19.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)8.65
Revenue Forecast (FY)₹88.81B
Kansai Nerolac Paints Limited Business Overview & Revenue Model
Company Description
Operating across India, Kansai Nerolac Paints Limited specializes in the manufacturing and sale of a wide array of coatings, including paints, varnishes, enamels, and lacquers. Its diverse product range encompasses decorative solutions for interio...
How the Company Makes Money
Kansai Nerolac makes money primarily by selling paints and coatings across two broad segments: (1) Decorative coatings and (2) Industrial coatings. In decorative coatings, revenue is generated from the sale of interior and exterior wall paints and...
Kansai Nerolac Paints Limited Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
88
Very Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 78.19B | 80.52B | 77.87B | 77.68B | 75.05B | 62.82B |
| Gross Profit | 25.08B | 20.85B | 26.80B | 26.87B | 22.08B | 18.25B |
| EBITDA | 17.08B | 10.57B | 17.11B | 17.81B | 8.44B | 6.74B |
| Net Income | 11.45B | 5.89B | 11.43B | 11.85B | 4.74B | 3.59B |
Balance Sheet | ||||||
| Total Assets | 83.39B | 87.11B | 82.17B | 74.10B | 63.06B | 57.09B |
| Cash, Cash Equivalents and Short-Term Investments | 19.94B | 25.87B | 21.36B | 15.81B | 6.34B | 3.13B |
| Total Debt | 2.76B | 3.03B | 2.96B | 2.76B | 2.87B | 3.19B |
| Total Liabilities | 18.86B | 20.22B | 18.13B | 18.11B | 17.46B | 15.58B |
| Stockholders Equity | 64.73B | 67.14B | 64.23B | 55.83B | 45.34B | 41.32B |
Cash Flow | ||||||
| Free Cash Flow | 986.30M | 6.79B | 3.46B | 6.66B | 2.85B | -1.94B |
| Operating Cash Flow | 2.02B | 8.92B | 6.72B | 9.03B | 4.08B | 247.70M |
| Investing Cash Flow | 2.38B | -3.94B | -3.79B | -5.90B | -2.27B | 2.50B |
| Financing Cash Flow | -3.65B | -3.90B | -3.66B | -2.49B | -1.33B | -3.09B |
Kansai Nerolac Paints Limited Technical Analysis
Negative
244.70
Price Trends
208.77
Positive
202.98
Positive
221.77
Negative
Market Momentum
0.69
Positive
47.54
Neutral
23.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KANSAINER, the sentiment is Negative. The current price of 244.7 is above the 20-day moving average (MA) of 214.63, above the 50-day MA of 208.77, and above the 200-day MA of 221.77, indicating a neutral trend. The MACD of 0.69 indicates Positive momentum. The RSI at 47.54 is Neutral, neither overbought nor oversold. The STOCH value of 23.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KANSAINER.
Kansai Nerolac Paints Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹2.64T | 61.04 | ― | 0.89% | 4.95% | 17.96% | |
69 Neutral | ₹169.39B | 28.70 | ― | 1.11% | 2.93% | -48.43% | |
69 Neutral | ₹48.92B | 33.75 | ― | 0.30% | 4.80% | 2.29% | |
66 Neutral | ₹588.60B | 52.28 | ― | 0.70% | 2.91% | -4.56% | |
64 Neutral | ₹147.08B | 7.45 | ― | 3.04% | -11.49% | 359.56% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | ₹4.33B | -6.68 | ― | ― | -4.09% | 19.13% |
* Basic Materials Sector Average
IN:KANSAINER
Kansai Nerolac Paints Limited
211.10
-27.65
-11.58%
IN:AKZOINDIA
Akzo Nobel India Limited
3,296.35
208.58
6.76%
IN:ASIANPAINT
Asian Paints Ltd.
2,733.75
472.93
20.92%
IN:BERGEPAINT
Berger Paints India Limited
551.60
2.14
0.39%
IN:INDIGOPNTS
Indigo Paints Ltd
1,024.50
-134.53
-11.61%
IN:SHALPAINTS
Shalimar Paints Ltd
54.21
-42.00
-43.65%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.