Kansai Nerolac Paints Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 24.4x vs industry 45.4x)
- Virtually debt-free
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹5,020 | ₹4.5L Cr | 76.4 | 28.36 | 37.7 | 20.5 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,527 | ₹2.4L Cr | 49.7 | 11.33 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹1,690 +1.57% | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| DIXON Dixon Technologies (India) Limited | ₹14,240 | ₹87K Cr | 46.4 | 18.52 | 18.9 | 29.2 | 0.34 |
| HAVELLS Havells India Limited | ₹1,154 | ₹72K Cr | 43.5 | 7.64 | 19 | 24.9 | 0.03 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹599 | ₹62K Cr | 42.3 | 9.8 | 24.8 | 21.2 | 1 |
| BERGEPAINT Berger Paints (I) Limited | ₹510 −1.10% | ₹57K Cr | 46.1 | 8.6 | 17.3 | 21.6 | 0.11 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
KANSAINER · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% | 74.98% |
| FII | 4.28% | 4.72% | 5.09% | 5.56% | 5.36% | 5.30% |
| DII | 11.84% | 11.61% | 10.72% | 10.28% | 10.24% | 10.10% |
| Public | 8.88% | 8.68% | 9.18% | 9.16% | 9.40% | 9.61% |
Corporate Events
To consider and approve the financial results for the period ended June 30, 2026
Dividend - Rs 2.50 Per Share
Dividend - Rs 2.50 Per Share/Special Dividend - 1.25 Per Share
Annual General Meeting/Special Dividend - Rs 1.25 Per Share/ Dividend - Rs 2.50 Per Share
Bonus 1:2
Financials
Quarterly Results
| Metric | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.0K Cr 1.4% | ₹2.0K Cr 1.4% | ₹2.0K Cr 9.6% | ₹2.2K Cr 19.0% | ₹1.8K Cr 5.5% | ₹1.9K Cr 1.5% | ₹2.0K Cr 8.5% | ₹2.1K Cr |
| Op. Profit | ₹216 Cr 10.0% | ₹240 Cr 11.6% | ₹215 Cr 29.0% | ₹303 Cr 82.5% | ₹166 Cr 29.4% | ₹235 Cr 10.8% | ₹212 Cr 35.8% | ₹330 Cr |
| OPM | 11.0% 8.3% | 12.0% 9.1% | 11.0% 21.4% | 14.0% 55.6% | 9.0% 25.0% | 12.0% 9.1% | 11.0% 26.7% | 15.0% |
| Net Profit | ₹110 Cr 6.0% | ₹117 Cr 12.0% | ₹133 Cr 38.4% | ₹216 Cr 111.8% | ₹102 Cr 84.6% | ₹662 Cr 451.7% | ₹120 Cr 46.7% | ₹225 Cr |
| EPS (₹) | 1.39 7.3% | 1.5 10.2% | 1.67 38.8% | 2.73 103.7% | 1.34 84.1% | 8.42 453.9% | 1.52 46.9% | 2.86 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹8.1K Cr 2.9% | ₹7.8K Cr 0.3% | ₹7.8K Cr 3.4% | ₹7.5K Cr 18.4% | ₹6.4K Cr 25.5% | ₹5.1K Cr 3.9% | ₹5.3K Cr 2.7% | ₹5.4K Cr 16.4% | ₹4.7K Cr 14.9% | ₹4.1K Cr |
| Expenses | ₹7.1K Cr 2.8% | ₹6.9K Cr 1.6% | ₹6.8K Cr 0.7% | ₹6.7K Cr 17.6% | ₹5.7K Cr 35.8% | ₹4.2K Cr 5.9% | ₹4.5K Cr 4.2% | ₹4.7K Cr 20.9% | ₹3.9K Cr 16.6% | ₹3.3K Cr |
| Op. Profit | ₹975 Cr 3.5% | ₹942 Cr 8.4% | ₹1.0K Cr 25.7% | ₹818 Cr 26.0% | ₹649 Cr 24.8% | ₹863 Cr 7.3% | ₹804 Cr 6.8% | ₹753 Cr 5.2% | ₹794 Cr 7.7% | ₹737 Cr |
| OPM | 12.0% 0.0% | 12.0% 7.7% | 13.0% 18.2% | 11.0% 10.0% | 10.0% 41.2% | 17.0% 13.3% | 15.0% 7.1% | 14.0% 17.6% | 17.0% 5.6% | 18.0% |
| Other Income | ₹83 Cr 89.2% | ₹769 Cr 2.1% | ₹753 Cr 2796.2% | ₹26 Cr 4.0% | ₹25 Cr 34.2% | ₹38 Cr 46.2% | ₹26 Cr 57.4% | ₹61 Cr 14.1% | ₹71 Cr 27.6% | ₹98 Cr |
| Interest | ₹32 Cr 3.2% | ₹31 Cr 6.9% | ₹29 Cr 0.0% | ₹29 Cr 0.0% | ₹29 Cr 20.8% | ₹24 Cr 14.3% | ₹21 Cr 110.0% | ₹10 Cr 900.0% | ₹1 Cr | ₹0 Cr |
| Depreciation | ₹228 Cr 12.9% | ₹202 Cr 6.3% | ₹190 Cr 5.6% | ₹180 Cr 5.9% | ₹170 Cr 3.0% | ₹165 Cr 16.2% | ₹142 Cr 34.0% | ₹106 Cr 37.7% | ₹77 Cr 10.0% | ₹70 Cr |
| PBT | ₹797 Cr 46.1% | ₹1.5K Cr 5.3% | ₹1.6K Cr 145.8% | ₹635 Cr 33.4% | ₹476 Cr 33.1% | ₹712 Cr 6.7% | ₹667 Cr 4.3% | ₹697 Cr 11.4% | ₹787 Cr 2.9% | ₹765 Cr |
| Tax % | 28.0% 12.0% | 25.0% 0.0% | 25.0% 3.8% | 26.0% 7.1% | 28.0% 7.7% | 26.0% 13.0% | 23.0% 36.1% | 36.0% 2.9% | 35.0% 6.1% | 33.0% |
| Net Profit | ₹576 Cr 48.1% | ₹1.1K Cr 5.7% | ₹1.2K Cr 151.3% | ₹468 Cr 36.4% | ₹343 Cr 34.8% | ₹526 Cr 1.9% | ₹516 Cr 15.2% | ₹448 Cr 12.8% | ₹514 Cr 0.8% | ₹510 Cr |
| EPS (₹) | 7.29 48.4% | 14.14 3.5% | 14.66 150.2% | 5.86 32.0% | 4.44 32.2% | 6.55 1.7% | 6.44 15.0% | 5.6 11.9% | 6.36 1.1% | 6.29 |
| Div Payout | 51.0% 88.9% | 27.0% 3.8% | 26.0% 16.1% | 31.0% 8.8% | 34.0% 35.8% | 53.0% 60.6% | 33.0% 6.5% | 31.0% 14.8% | 27.0% 15.6% | 32.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹81 Cr 0.0% | ₹81 Cr 0.0% | ₹81 Cr 50.0% | ₹54 Cr 0.0% | ₹54 Cr 0.0% | ₹54 Cr 0.0% | ₹54 Cr 0.0% | ₹54 Cr 0.0% | ₹54 Cr 0.0% | ₹54 Cr |
| Reserves | ₹6.6K Cr 4.6% | ₹6.3K Cr 15.3% | ₹5.5K Cr 22.8% | ₹4.5K Cr 9.9% | ₹4.1K Cr 2.0% | ₹4.0K Cr 7.9% | ₹3.7K Cr 10.2% | ₹3.4K Cr 9.2% | ₹3.1K Cr 11.5% | ₹2.8K Cr |
| Borrowings | ₹303 Cr 2.4% | ₹296 Cr 7.2% | ₹276 Cr 72.5% | ₹160 Cr 21.2% | ₹203 Cr 17.3% | ₹173 Cr 28.5% | ₹242 Cr 124.1% | ₹108 Cr 208.6% | ₹35 Cr 20.7% | ₹29 Cr |
| Other Liabilities | ₹1.7K Cr 13.2% | ₹1.5K Cr 3.5% | ₹1.6K Cr 3.8% | ₹1.6K Cr 17.4% | ₹1.4K Cr 5.1% | ₹1.3K Cr 48.4% | ₹881 Cr 11.4% | ₹994 Cr 3.3% | ₹962 Cr 21.3% | ₹793 Cr |
| Total Liabilities | ₹8.7K Cr 6.0% | ₹8.2K Cr 10.9% | ₹7.4K Cr 17.5% | ₹6.3K Cr 10.5% | ₹5.7K Cr 3.2% | ₹5.5K Cr 13.3% | ₹4.9K Cr 8.1% | ₹4.5K Cr 9.4% | ₹4.1K Cr 13.6% | ₹3.6K Cr |
Assets | ||||||||||
| Fixed Assets | ₹2.4K Cr 7.0% | ₹2.2K Cr 2.9% | ₹2.2K Cr 3.5% | ₹2.1K Cr 5.6% | ₹2.0K Cr 4.4% | ₹1.9K Cr 0.3% | ₹1.9K Cr 30.1% | ₹1.5K Cr 41.4% | ₹1.0K Cr 8.3% | ₹957 Cr |
| CWIP | ₹175 Cr 22.6% | ₹226 Cr 47.7% | ₹153 Cr 35.4% | ₹113 Cr 49.8% | ₹225 Cr 8.7% | ₹207 Cr 22.5% | ₹169 Cr 46.5% | ₹316 Cr 8.7% | ₹346 Cr 124.7% | ₹154 Cr |
| Investments | ₹2.4K Cr 27.8% | ₹1.9K Cr 39.4% | ₹1.3K Cr 164.9% | ₹501 Cr 137.4% | ₹211 Cr 68.5% | ₹669 Cr 118.6% | ₹306 Cr 55.3% | ₹197 Cr 62.2% | ₹521 Cr 1.9% | ₹531 Cr |
| Other Assets | ₹3.8K Cr 3.3% | ₹3.9K Cr 3.9% | ₹3.7K Cr 4.6% | ₹3.6K Cr 9.3% | ₹3.3K Cr 19.4% | ₹2.7K Cr 9.7% | ₹2.5K Cr 1.5% | ₹2.5K Cr 14.0% | ₹2.2K Cr 11.8% | ₹2.0K Cr |
| Total Assets | ₹8.7K Cr 6.0% | ₹8.2K Cr 10.9% | ₹7.4K Cr 17.5% | ₹6.3K Cr 10.5% | ₹5.7K Cr 3.2% | ₹5.5K Cr 13.3% | ₹4.9K Cr 8.1% | ₹4.5K Cr 9.4% | ₹4.1K Cr 13.6% | ₹3.6K Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹894 Cr 33.0% | ₹672 Cr 25.6% | ₹903 Cr 121.3% | ₹408 Cr 1532.0% | ₹25 Cr 96.1% | ₹646 Cr 8.6% | ₹595 Cr 495.0% | ₹100 Cr 72.2% | ₹360 Cr 2.6% | ₹351 Cr |
| Investing CF | ₹-383 Cr 1.1% | ₹-379 Cr 35.8% | ₹-590 Cr 159.9% | ₹-227 Cr 190.8% | ₹250 Cr 155.2% | ₹-453 Cr 20.8% | ₹-375 Cr 521.3% | ₹89 Cr 154.9% | ₹-162 Cr 70.9% | ₹-557 Cr |
| Financing CF | ₹-403 Cr 10.1% | ₹-366 Cr 47.0% | ₹-249 Cr 87.2% | ₹-133 Cr 57.0% | ₹-309 Cr 12.8% | ₹-274 Cr 94.3% | ₹-141 Cr 36.8% | ₹-223 Cr 16.1% | ₹-192 Cr 11.1% | ₹-216 Cr |
| Net Cash Flow | ₹108 Cr 250.0% | ₹-72 Cr 212.5% | ₹64 Cr 30.6% | ₹49 Cr 240.0% | ₹-35 Cr 56.8% | ₹-81 Cr 202.5% | ₹79 Cr 332.4% | ₹-34 Cr 666.7% | ₹6 Cr 101.4% | ₹-422 Cr |
| Free Cash Flow | ₹682 Cr 96.5% | ₹347 Cr 47.9% | ₹666 Cr 132.1% | ₹287 Cr 248.7% | ₹-193 Cr 135.4% | ₹545 Cr 53.1% | ₹356 Cr 183.8% | ₹-425 Cr 2600.0% | ₹17 Cr 87.3% | ₹134 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 67d 6.3% | 63d 1.6% | 62d 3.3% | 60d 4.8% | 63d 8.7% | 69d 27.8% | 54d 5.9% | 51d 7.3% | 55d 3.8% | 53d |
| Inventory Days | 119d 10.5% | 133d 2.2% | 136d 1.5% | 134d 12.4% | 153d 3.2% | 158d 24.4% | 127d 3.8% | 132d 23.4% | 107d 13.0% | 123d |
| Days Payable | 91d 3.4% | 88d 0.0% | 88d 11.4% | 79d 14.1% | 92d 23.3% | 120d 60.0% | 75d 8.5% | 82d 8.9% | 90d 8.2% | 98d |
| Cash Conv. Cycle | 95d 12.8% | 109d 0.9% | 110d 4.3% | 115d 6.5% | 123d 15.0% | 107d 0.9% | 106d 5.0% | 101d 40.3% | 72d 7.7% | 78d |
| Working Capital Days | 69d 15.9% | 82d 6.5% | 77d 4.9% | 81d 11.0% | 91d 11.0% | 82d 10.8% | 74d 1.4% | 73d 14.1% | 64d 20.0% | 80d |
| ROCE | 12.0% 7.7% | 13.0% 23.5% | 17.0% 21.4% | 14.0% 27.3% | 11.0% 35.3% | 17.0% 5.6% | 18.0% 10.0% | 20.0% 20.0% | 25.0% 3.8% | 26.0% |
Source: Screener.in · Lower days = better efficiency
About Kansai Nerolac Paints Limited
Having started its operations in 1920 as Gahagan Paints & Varnish in Mumbai, Kansai Nerolac Paints is principally engaged in the manufacturing of Paints and is a market leader in Industrial coatings. [1]
Consumer DurablesConsumer Durables