Kansai Nerolac Paints Ltd

Kansai Nerolac Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kansai Nerolac Paints Ltd

₹ 262 -0.98%
22 May - close price
nerolac.com BSE: 500165 NSE: KANSAINER
About

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]

The company is subsidiary of Kansai Paints Co. Ltd Japan, from whom it continuously gets support and guidance in improvement of quality standards and getting best technology upgrades.

Key Points

History[1][2] The company started its operations in 1920 as Gahagan Paints & Varnish in Mumbai manufacturing paints, and changed its name to Goodlass Nerolac Paints Pvt. Ltd.
In 1983, they entered into a technical collaboration agreement with Kansai Paint Co. Ltd., Japan, and Nihon Tokushu Tokyo Co. Ltd., Japan, and Kansai paint took over the company and now holds a 75% stake in the company.

Website BSE NSE
  • Market Cap ₹ 21,191 Cr.
  • Current Price ₹ 262
  • High / Low ₹ 321 / 218
  • Stock P/E 31.7
  • Book Value ₹ 78.8
  • Dividend Yield 0.95 %
  • ROCE 15.0 %
  • ROE 11.1 %
  • Face Value ₹ 1.00
Edit ratios

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 28.4%

Cons

  • The company has delivered a poor sales growth of 8.69% over past five years.
  • Company has a low return on equity of 11.7% over last 3 years.
  • Earnings include an other income of Rs.621 Cr.
  • Working capital days have increased from 118 days to 178 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Paints/Varnish Industry: Paints / Varnishes

Part of BSE 500 Nifty 500 BSE MidCap BSE Allcap BSE Consumer Discretionary

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,413 1,945 1,814 1,717 1,605 2,071 1,846 1,815 1,662 2,050 1,864 1,842 1,740
1,330 1,689 1,617 1,529 1,453 1,737 1,576 1,575 1,483 1,716 1,649 1,595 1,563
Operating Profit 83 256 197 188 152 334 270 240 179 334 215 247 178
OPM % 6% 13% 11% 11% 10% 16% 15% 13% 11% 16% 12% 13% 10%
-4 4 4 9 14 678 22 22 13 38 27 517 39
Interest 3 2 2 2 2 3 3 3 3 3 3 5 4
Depreciation 39 39 41 42 42 43 45 46 46 46 46 51 50
Profit before tax 37 218 157 153 122 966 244 213 143 323 192 707 164
Tax % 34% 25% 25% 26% 23% 23% 26% 26% 29% 25% 32% 26% 25%
25 163 117 112 94 744 180 158 102 241 130 526 123
EPS in Rs 0.30 2.02 1.45 1.39 1.16 9.20 2.23 1.95 1.26 2.98 1.61 6.51 1.53
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,091 3,467 3,739 3,999 4,587 5,174 4,943 4,771 5,949 7,081 7,393 7,497
2,729 3,023 3,159 3,268 3,797 4,432 4,162 3,927 5,302 6,287 6,370 6,523
Operating Profit 362 445 580 731 790 742 782 844 647 794 1,023 974
OPM % 12% 13% 16% 18% 17% 14% 16% 18% 11% 11% 14% 13%
10 22 563 98 72 62 27 28 21 31 735 621
Interest 0 0 0 0 0 0 5 8 10 10 12 15
Depreciation 65 68 68 69 76 90 120 149 154 165 180 194
Profit before tax 307 399 1,075 759 786 713 684 714 505 650 1,566 1,387
Tax % 33% 32% 16% 33% 34% 34% 22% 26% 26% 25% 24% 26%
207 272 899 506 516 467 535 531 374 486 1,183 1,021
EPS in Rs 2.56 3.36 11.12 6.26 6.39 5.78 6.62 6.56 4.63 6.02 14.63 12.63
Dividend Payout % 29% 28% 18% 32% 27% 30% 32% 53% 32% 30% 26% 30%
Compounded Sales Growth
10 Years: 8%
5 Years: 9%
3 Years: 8%
TTM: 1%
Compounded Profit Growth
10 Years: 10%
5 Years: 5%
3 Years: 22%
TTM: 0%
Stock Price CAGR
10 Years: 6%
5 Years: 2%
3 Years: -1%
1 Year: -4%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 12%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 54 54 54 54 54 54 54 54 54 54 81 81
Reserves 1,369 1,543 2,449 2,751 3,071 3,371 3,733 4,023 4,117 4,553 5,572 6,285
57 42 42 29 18 10 3 98 109 119 149 171
775 705 667 763 924 872 802 1,063 1,116 1,348 1,423 1,432
Total Liabilities 2,255 2,343 3,211 3,597 4,068 4,306 4,592 5,238 5,396 6,075 7,225 7,969
910 905 926 947 1,007 1,316 1,709 1,777 1,876 1,995 2,074 2,165
CWIP 48 44 42 142 343 315 164 206 224 113 152 221
Investments 56 216 547 553 546 304 455 770 300 653 1,459 1,907
1,241 1,179 1,696 1,956 2,172 2,371 2,264 2,485 2,995 3,315 3,540 3,677
Total Assets 2,255 2,343 3,211 3,597 4,068 4,306 4,592 5,238 5,396 6,075 7,225 7,969

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
189 302 390 345 377 110 621 655 59 386 895 647
-112 -239 145 -567 -154 86 -344 -465 251 -274 -636 -372
-82 -85 -91 -212 -206 -178 -192 -276 -324 -89 -187 -352
Net Cash Flow -5 -21 444 -433 17 19 85 -86 -14 24 72 -77

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 54 52 51 52 54 48 50 65 59 58 60 62
Inventory Days 123 93 89 122 120 131 124 137 135 135 138 121
Days Payable 84 56 84 97 102 79 70 102 79 77 87 77
Cash Conversion Cycle 93 90 56 77 72 100 105 100 116 116 110 106
Working Capital Days 54 50 47 80 63 78 84 93 103 90 86 178
ROCE % 21% 25% 25% 26% 25% 21% 19% 18% 12% 14% 17% 15%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.98%
3.28% 3.45% 3.32% 3.88% 4.21% 4.27% 4.28% 4.72% 5.09% 5.56% 5.36% 5.30%
13.39% 13.26% 13.34% 12.82% 12.29% 11.90% 11.84% 11.61% 10.72% 10.28% 10.24% 10.10%
8.34% 8.28% 8.34% 8.31% 8.49% 8.82% 8.88% 8.68% 9.18% 9.16% 9.40% 9.61%
No. of Shareholders 82,89283,34184,11383,76193,8711,11,1971,14,0471,14,0081,36,3271,44,1511,54,2771,63,270

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Credit ratings

Concalls