Kansai Nerolac Paints Limited (KANSAINER) AI Stock Analysis

• Market Cap: ₹189.27B
• Dividend Yield: 1.07%
• Average Volume (3M): 14.35K
• Price to Earnings (P/E): 16.7
• Beta (1Y): 0.78
• Revenue Growth: 0.95%
• EPS Growth: 67.04%
• Country: IN
• Employees: 3,784
• Sector: Basic Materials
• Sector Strength: 70
• Industry: Chemicals - Specialty
• EPS (TTM): 2.88
• Shares Outstanding: 808,502,500
• 10 Day Avg. Volume: 25,110
• 30 Day Avg. Volume: 14,353
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹270.80
• Price Target Upside: 12.90% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 73 Outperform
• Price Target: ₹267.00 ▲(11.32% Upside)

Kansai Nerolac Paints Limited's strong financial performance is the primary driver of its overall score, supported by stable profitability and effective cost management. The technical analysis indicates a neutral market position, while the valuation suggests the stock is fairly priced. The absence of earnings call data and corporate events does not impact the score.

Kansai Nerolac Paints Limited Business Overview & Revenue Model

Company Description

Kansai Nerolac Paints Limited (KANSAINER) is a leading paint company based in India, known for its extensive range of high-quality decorative and industrial paints. The company operates in the coatings sector, providing innovative solutions for both residential and commercial applications. Kansai Nerolac is a subsidiary of Kansai Paint Co., Ltd., Japan, and has established itself as a significant player in the Indian paint industry through its commitment to sustainability and cutting-edge technology.

How the Company Makes Money

Kansai Nerolac Paints Limited generates revenue primarily through the sale of its decorative and industrial paint products. The company serves a diverse customer base, including individual homeowners, construction companies, and industrial manufacturers. Its revenue streams are categorized into decorative coatings, which are used in residential and commercial buildings, and industrial coatings, which cater to the automotive, powder, and performance coatings segments. Kansai Nerolac has formed strategic partnerships with various automotive and industrial companies to supply specialized coatings, contributing to a stable and robust revenue base. Additionally, the company's focus on innovation and sustainability helps it capture a growing market share and maintain a competitive edge.

Kansai Nerolac Paints Limited Financial Statement Overview

Summary

Kansai Nerolac Paints Limited exhibits strong financial performance with robust revenue growth, stable profitability, and a healthy balance sheet. Effective cost management and prudent leverage enhance its position in the industry.

Income Statement

Kansai Nerolac Paints Limited has demonstrated strong revenue growth over the years, with a notable increase from 2022 to 2025. The gross profit margin has been consistently healthy, reflecting efficient cost management. Additionally, the company has maintained a solid net profit margin, indicating robust profitability. The EBIT and EBITDA margins are stable, showcasing strong operational performance.

Balance Sheet

The company's balance sheet is strong, with a low debt-to-equity ratio indicating prudent leverage. The equity ratio is high, reflecting a solid asset base backed by equity. Return on equity is favorable, demonstrating effective use of shareholder funds to generate profits. Overall, the balance sheet is stable, though continued monitoring of liabilities is advisable.

Cash Flow

Kansai Nerolac Paints Limited has shown a healthy cash flow position with consistent operating cash flows supporting net income. Despite fluctuations in free cash flow, the company managed positive growth in recent years. The operating cash flow to net income ratio underscores efficient cash generation from operations, providing a solid cushion for investments and debt servicing.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2022	Dec 2021
Income Statement
Total Revenue	78.23B	78.23B	78.01B	62.82B	75.43B	50.58B
Gross Profit	24.08B	27.54B	27.20B	18.25B	22.78B	18.87B
EBITDA	17.11B	9.42B	17.81B	6.74B	8.44B	9.01B
Net Income	11.43B	11.43B	11.85B	3.59B	4.74B	5.30B
Balance Sheet
Total Assets	82.17B	82.17B	74.10B	57.09B	63.06B	55.33B
Cash, Cash Equivalents and Short-Term Investments	21.36B	21.36B	15.81B	3.13B	6.34B	7.90B
Total Debt	2.96B	2.96B	2.76B	3.19B	2.87B	2.69B
Total Liabilities	18.13B	18.13B	18.11B	15.58B	17.46B	14.44B
Stockholders Equity	64.23B	64.23B	55.83B	41.32B	45.34B	40.53B
Cash Flow
Free Cash Flow	0.00	3.46B	6.66B	-1.94B	2.85B	5.42B
Operating Cash Flow	0.00	6.72B	9.03B	247.70M	4.08B	6.46B
Investing Cash Flow	0.00	-3.79B	-5.90B	2.50B	-2.27B	-4.53B
Financing Cash Flow	0.00	-3.66B	-2.49B	-3.09B	-1.33B	-2.74B

Kansai Nerolac Paints Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 239.85
• 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 Positive. The current price of 239.85 is above the 20-day moving average (MA) of 238.43, below the 50-day MA of 243.16, and below the 200-day MA of 246.39, indicating a neutral trend. The MACD of -1.88 indicates Negative momentum. The RSI at 50.06 is Neutral, neither overbought nor oversold. The STOCH value of 39.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
KANSAINER	73 Outperform	₹189.27B	16.70		1.07%	0.95%	67.04%
INDIGOPNTS	71 Outperform	₹52.36B	36.94		0.32%	0.75%	-0.74%
GSFC	70 Outperform	₹79.74B	12.41		2.03%	3.26%	19.19%
AKZOINDIA	68 Neutral	₹155.29B	38.88		2.65%	1.28%	-5.89%
Sector *	61 Neutral	$10.32B	6.25	0.71%	2.93%	3.36%	-36.41%
RALLIS	60 Neutral	₹66.43B	41.49		0.73%	7.10%	29.32%
REFEX	58 Neutral	₹47.93B	30.98		0.14%	41.37%	31.76%