Kansai Nerolac Paints Limited (KANSAINER) AI Stock Analysis

• Market Cap: ₹180.86B
• Dividend Yield: 1.12%
• Average Volume (3M): 30.53K
• Price to Earnings (P/E): 15.8
• Beta (1Y): 0.78
• Revenue Growth: 1.06%
• EPS Growth: 83.53%
• Country: IN
• Employees: 3,784
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 1.70
• Shares Outstanding: 808,513,060
• 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): 2.46
• 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: ₹255.00
• Price Target Upside: 13.99% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: ₹285.00 ▲(27.40% Upside)

Kansai Nerolac Paints Limited's strong financial performance and positive technical indicators are the primary drivers of its stock score. The fair valuation further supports its investment potential, making it a solid choice within the Chemicals - Specialty industry.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market reach and product adoption, enhancing long-term business sustainability and competitiveness.

Balance Sheet Health

A strong balance sheet with low leverage provides financial stability and flexibility, supporting future growth and investment opportunities.

Cash Generation

Efficient cash generation from operations ensures the company can fund investments and service debt, bolstering financial resilience.

Negative Factors

Liability Monitoring

While the balance sheet is strong, potential liability increases could impact financial health, necessitating careful monitoring to maintain stability.

Free Cash Flow Fluctuations

Fluctuating free cash flow can affect the company's ability to invest consistently, requiring strategic management to ensure long-term growth.

Market Competition

Despite strong market presence, intense competition in the paint industry could pressure margins and market share, challenging future growth.

Kansai Nerolac Paints Limited Business Overview & Revenue Model

Company Description

Kansai Nerolac Paints Limited (KANSAINER) is one of India's leading paint companies, primarily engaged in the manufacturing and marketing of a wide range of decorative and industrial paints. Established in 1920, the company is a subsidiary of Kansai Paint Company, Japan, and operates in various sectors including construction, automotive, and industrial segments. KANSAINER offers a diverse portfolio of products including interior and exterior wall paints, wood finishes, automotive coatings, and industrial coatings, catering to both residential and commercial markets.

How the Company Makes Money

Kansai Nerolac Paints Limited generates revenue through the sale of its extensive range of paint products across different segments. The primary revenue streams include decorative paints for residential and commercial use, which are significantly influenced by real estate development and renovation trends. Additionally, the company earns income from industrial coatings, which serve sectors like automotive, railways, and general manufacturing. Strategic partnerships with builders, architects, and contractors enhance its distribution and market reach. Seasonal promotions, brand loyalty programs, and innovative product launches also play a crucial role in driving sales and revenue growth.

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 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	78.52B	78.23B	78.01B	75.43B	62.82B	50.58B
Gross Profit	23.92B	27.54B	19.64B	22.78B	18.25B	18.87B
EBITDA	17.03B	9.42B	17.81B	8.44B	6.74B	9.01B
Net Income	11.33B	11.43B	11.85B	4.74B	3.59B	5.30B
Balance Sheet
Total Assets	0.00	82.17B	74.10B	63.06B	57.09B	55.33B
Cash, Cash Equivalents and Short-Term Investments	21.34B	21.36B	15.81B	6.34B	3.13B	7.90B
Total Debt	0.00	2.96B	2.76B	2.87B	3.19B	2.69B
Total Liabilities	-64.04B	18.13B	18.11B	17.46B	15.58B	14.44B
Stockholders Equity	64.04B	64.23B	55.83B	45.34B	41.32B	40.53B
Cash Flow
Free Cash Flow	0.00	3.46B	6.66B	2.85B	-1.94B	5.42B
Operating Cash Flow	0.00	6.72B	9.03B	4.08B	247.70M	6.46B
Investing Cash Flow	0.00	-3.79B	-5.90B	-2.27B	2.50B	-4.53B
Financing Cash Flow	0.00	-3.66B	-2.49B	-1.33B	-3.09B	-2.74B

Kansai Nerolac Paints Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 223.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 Negative. The current price of 223.7 is below the 20-day moving average (MA) of 232.45, below the 50-day MA of 242.39, and below the 200-day MA of 243.46, indicating a bearish trend. The MACD of -5.84 indicates Positive momentum. The RSI at 33.25 is Neutral, neither overbought nor oversold. The STOCH value of 28.10 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KANSAINER	75 Outperform	₹180.86B	15.79	―	1.12%	1.06%	83.53%
INDIGOPNTS	74 Outperform	₹58.76B	40.79	―	0.28%	0.14%	2.95%
AKZOINDIA	69 Neutral	₹163.90B	8.23	―	2.66%	-3.03%	357.65%
GSFC	68 Neutral	₹68.60B	10.27	―	2.90%	15.25%	26.49%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
REFEX	60 Neutral	₹34.81B	20.74	―	0.20%	21.67%	25.86%
RALLIS	56 Neutral	₹51.25B	29.12	―	0.95%	0.91%	18.12%

Kansai Nerolac Paints Limited Corporate Events

Kansai Nerolac Paints Announces Trading Window Closure

Kansai Nerolac Paints Limited has announced the closure of its trading window from December 4th to December 17th, 2025, in compliance with the SEBI Prohibition of Insider Trading Regulations, 2015. This closure applies specifically to designated persons within the company and their immediate relatives, while general investors remain unaffected. The company has implemented measures to freeze PAN at the security level during this period, ensuring adherence to regulatory requirements and maintaining market integrity.