Kansai Nerolac Paints Ltd

About [ edit ]

Kansai Nerolac Paints is principally engaged in the manufacturing of Paints.(Source : 202003 Annual Report Page No: 185)

  • Market Cap 30,131 Cr.
  • Current Price 559
  • High / Low 680 / 332
  • Stock P/E 56.9
  • Book Value 75.2
  • Dividend Yield 0.58 %
  • ROCE 17.8 %
  • ROE 13.6 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 38.98%

Cons

  • Stock is trading at 7.44 times its book value
  • The company has delivered a poor sales growth of 6.14% over past five years.
  • Company has a low return on equity of 13.96% for last 3 years.
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
1,410 1,365 1,428 1,221 1,542 1,326 1,332 1,080 639 1,383 1,593 1,460
1,187 1,169 1,247 1,069 1,289 1,107 1,134 946 562 1,115 1,288 1,246
Operating Profit 223 196 181 152 254 219 198 134 77 269 304 213
OPM % 16% 14% 13% 12% 16% 17% 15% 12% 12% 19% 19% 15%
Other Income 14 14 20 13 7 4 11 4 8 5 14 11
Interest 1 3 3 3 5 5 5 6 6 5 5 8
Depreciation 22 27 28 28 33 34 37 38 38 39 40 48
Profit before tax 214 180 169 133 223 185 166 94 42 229 274 168
Tax % 35% 35% 37% 36% 35% -3% 30% 30% 29% 27% 25% 27%
Net Profit 139 120 107 87 146 191 117 67 33 168 204 124
EPS in Rs 2.57 2.22 1.99 1.62 2.71 3.54 2.17 1.25 0.62 3.12 3.78 2.31

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,264 1,368 1,369 2,801 3,120 3,505 3,767 4,053 4,658 5,424 5,280 5,074
1,093 1,182 1,211 2,463 2,753 3,054 3,182 3,315 3,864 4,672 4,476 4,211
Operating Profit 171 186 158 338 367 451 585 737 794 753 804 863
OPM % 14% 14% 12% 12% 12% 13% 16% 18% 17% 14% 15% 17%
Other Income 22 26 26 132 10 22 563 98 71 61 26 38
Interest 2 2 2 1 2 1 0 0 1 10 21 24
Depreciation 36 42 38 47 66 68 68 70 77 106 142 165
Profit before tax 155 168 143 422 310 404 1,079 765 787 697 667 712
Tax % 34% 30% 29% 30% 33% 32% 16% 33% 35% 36% 23% 26%
Net Profit 104 120 103 293 208 274 901 509 514 453 521 530
EPS in Rs 2.03 2.22 1.91 5.44 3.86 5.09 16.72 9.44 9.55 8.40 9.67 9.83
Dividend Payout % 28% 27% 31% 20% 29% 28% 18% 32% 27% 31% 33% 53%
Compounded Sales Growth
10 Years:%
5 Years:6%
3 Years:3%
TTM:-4%
Compounded Profit Growth
10 Years:%
5 Years:2%
3 Years:1%
TTM:2%
Stock Price CAGR
10 Years:20%
5 Years:14%
3 Years:3%
1 Year:55%
Return on Equity
10 Years:%
5 Years:15%
3 Years:14%
Last Year:14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
27 27 27 54 54 54 54 54 54 54 54 54
Reserves 490 572 636 1,233 1,372 1,548 2,456 2,761 3,078 3,362 3,706 3,999
Borrowings 127 125 94 84 68 51 46 29 35 108 178 263
233 291 328 715 786 720 685 793 962 994 945 1,218
Total Liabilities 875 1,015 1,085 2,087 2,280 2,373 3,240 3,636 4,130 4,518 4,884 5,533
225 240 237 786 922 916 937 957 1,036 1,465 1,906 1,912
CWIP 18 27 36 123 48 44 42 154 346 316 169 207
Investments 142 220 303 53 49 208 539 531 521 197 306 669
491 528 509 1,124 1,261 1,205 1,722 1,993 2,228 2,540 2,502 2,745
Total Assets 875 1,015 1,085 2,087 2,280 2,373 3,240 3,636 4,130 4,518 4,884 5,533

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
106 141 203 220 195 305 392 351 360 100 595 646
-48 -123 -119 -142 -113 -239 144 -557 -162 89 -375 -453
-83 -6 -42 -77 -87 -87 -92 -216 -192 -223 -141 -274
Net Cash Flow -25 12 42 0 -6 -21 444 -422 6 -34 79 -81

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2007 Mar 2008 Mar 2009 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 26% 23% 19% 22% 25% 26% 26% 25% 20% 18% 18%
Debtor Days 61 63 56 56 55 54 53 53 55 51 54 69
Inventory Turnover 4.01 4.06 4.49 3.30 3.63 4.28 3.37 3.79 3.25 2.81 2.85

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.99
5.54 5.02 4.63 4.65 4.16 3.75 3.72 3.93 4.37 4.03 4.17 3.73
10.04 10.45 10.60 10.71 11.25 11.96 12.10 12.01 11.70 12.19 12.33 12.86
9.43 9.54 9.78 9.65 9.60 9.30 9.19 9.07 8.94 8.79 8.51 8.42

Documents