Kansai Nerolac Paints Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 22.7x vs industry 42.5x)
- Virtually debt-free
Concerns
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| TITAN Titan Company Limited | ₹4,338 | ₹3.8L Cr | 65.4 | 24.51 | 37.7 | 20.5 | 0.97 |
| ASIANPAINT Asian Paints Limited | ₹2,285 | ₹2.2L Cr | 45.4 | 10.24 | 21.8 | 26.3 | 0.18 |
| LGEINDIA LG Electronics India Limited | ₹— | ₹1.0L Cr | 62.26 | 15.23 | 24.72 | — | 0.06 |
| DIXON Dixon Technologies (India) Limited | ₹11,400 | ₹68K Cr | 36.5 | 14.82 | 18.9 | 29.2 | 0.34 |
| HAVELLS Havells India Limited | ₹1,025 | ₹65K Cr | 38.1 | 6.57 | 19 | 24.9 | 0.02 |
| BERGEPAINT Berger Paints (I) Limited | ₹— | ₹54K Cr | 44.3 | — | 17.3 | 21.6 | 0.11 |
| KALYANKJIL Kalyan Jewellers India Limited | ₹510 | ₹53K Cr | 36.1 | 8.35 | 24.8 | 21.2 | 1 |
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 September 30, 2026
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
Latest News
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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