Kansai Nerolac Paints Limited (IN:KANSAINER)
:KANSAINER
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Kansai Nerolac Paints Limited
(KANSAINER)
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Rating:64Neutral
Price Target:
₹211.00
▼(-13.77% Downside)
Action:DowngradedDate: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 & Margin Strength
Consistent revenue expansion and stable gross/net margins indicate durable demand across decorative and industrial segments. This supports sustainable operating profitability, enabling reinvestment in brands and product development and cushioning margins against cyclical demand shifts over months.
Negative Factors
Earnings Volatility
A large negative EPS growth metric signals earnings volatility that may reflect margin pressure, one-time items, or demand shifts. Persistent EPS weakness can constrain retained earnings, limit reinvestment capacity and raise scrutiny over future profitability sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Strength
Consistent revenue expansion and stable gross/net margins indicate durable demand across decorative and industrial segments. This supports sustainable operating profitability, enabling reinvestment in brands and product development and cushioning margins against cyclical demand shifts over months.
Read all positive factors
Kansai Nerolac Paints Limited (KANSAINER) vs. iShares MSCI India ETF (INDA)
Market Cap
₹159.39B
Dividend Yield1.11%
Average Volume (3M)30.53K
Price to Earnings (P/E)39.2
Beta (1Y)0.79
Revenue Growth1.79%
EPS Growth-49.10%
CountryIN
Employees3,784
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)2.00
Shares Outstanding808,658,260
10 Day Avg. Volume25,578
30 Day Avg. Volume30,534
Financial Highlights & Ratios
PEG Ratio-4.75
Price to Book (P/B)3.00
Price to Sales (P/S)2.47
P/FCF Ratio55.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹248.00Price Target Upside1.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)9.02
Revenue Forecast (FY)₹85.87B
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...
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
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
80
Positive
| 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
Neutral
244.70
Price Trends
192.46
Positive
211.72
Negative
228.81
Negative
Market Momentum
2.22
Negative
64.86
Neutral
95.75
Negative
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 179.10, above the 50-day MA of 192.46, and above the 200-day MA of 228.81, indicating a neutral trend. The MACD of 2.22 indicates Negative momentum. The RSI at 64.86 is Neutral, neither overbought nor oversold. The STOCH value of 95.75 is Negative, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹134.35B | 48.69 | ― | 3.04% | -6.99% | 355.21% | |
67 Neutral | ₹551.40B | 57.68 | ― | 0.70% | 3.13% | -7.58% | |
65 Neutral | ₹40.98B | 37.48 | ― | 0.30% | 2.19% | 4.12% | |
64 Neutral | ₹159.39B | 39.21 | ― | 1.11% | 1.79% | -49.10% | |
63 Neutral | ₹2.34T | 62.63 | ― | 0.89% | 1.22% | -9.12% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
39 Underperform | ₹4.32B | -4.84 | ― | ― | 5.47% | 30.99% |
* Basic Materials Sector Average
IN:KANSAINER
Kansai Nerolac Paints Limited
197.10
-53.47
-21.34%
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IN:ASIANPAINT
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IN:BERGEPAINT
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472.90
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IN:INDIGOPNTS
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859.50
-127.91
-12.95%
IN:SHALPAINTS
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-49.84%
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.