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Kansai Nerolac Paints Limited

Kansai Nerolac Paints Limited

NSE: KANSAINER
Specialty ChemicalsBasic MaterialsMID CAPMCap ₹14.98k Cr
₹185.23₹6.24 (+3.49%)

Market Closed • NSE

Market cap₹14.98k Cr
Enterprise value₹12.17k Cr
P/E TTM24.96
Forward P/E18.50
P/B2.23
EPS TTM₹7.42
Forward EPS₹10.01
ROCE12.00%
D/E4.53
Dividend yield0.01%
Face value₹1.00
52W high₹264.00
52W low₹157.91
Price chart(1Y)
1Y Return:-14.44% (₹31.27)
H: ₹221.45L: ₹173.13
1W+4.03%
1M+0.56%
3M-8.41%
6M-9.22%
1Y-24.60%
Today at a glance

Day range

₹178.45₹186.50

52 week range

₹157.91₹264.00
Volume441.1K1.38x 20D avg
Free float50.00%+37.80% volume

Kansai Nerolac Paints Limited closed at INR185.23 (+3.49%) on volume 1.38x its 20-day average, trading 29.84% below its 52-week high.

Technical analysis
RSI (14)51.5Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹5.74High
SMA 20₹180.92BULLISH
SMA 50₹191.29BEARISH
SMA 100₹199.41BEARISH
SMA 200₹202.79BEARISH
CPR bottom₹179.34
Pivot₹179.23
CPR top₹179.11
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +107.3% QoQ

2026-06-29

DIVIDEND Announced

Dividend - Rs 2.50 Per Share

2025-06-23

DIVIDEND Announced

Dividend - Rs 2.50 Per Share/Special Dividend - 1.25 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹302.7 Cr₹14.98k Cr2.02%≤ 33%PASS
Non-halal income ratio₹11.0 Cr₹8.02k Cr0.14%≤ 5%PASS
Illiquid assets ratio₹8.51k Cr₹8.71k Cr97.74%≥ 20%PASS
Receivables ratio–₹8.71k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E24.9621.90
Forward P/E18.50—
P/B2.232.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield4.004.60
Growth & profitability
RevenuePAT
FY25PAT margin 14.20%
FY26PAT margin 7.20%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+0.80%
Revenue CAGR 5Y+0.60%
PAT CAGR 3Y-19.80%
PAT CAGR 5Y-12.40%
Operating margin11.19%
Net margin7.26%
Financial health & cash flow
Net debt₹105.9 CrModerate
Interest coverage23.10xEBIT / interest
CFO / PAT1.53x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹894.4 Cr
Capital expenditure–
Free cash flow₹681.3 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall53/100
Valuation60/100
Profitability65/100
Financial health35/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 1.53x over last 3 years

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 4.53x

Bull case

Market Leadership: Established operational scale in Specialty Chemicals.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

80%53%27%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
15.50%Institutional holding
9.53%Public holding
5Periods available
0.00%Promoter pledged
1.51LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
29 Jun 2026Dividend₹2.50 / share—29 Jun 2026
23 Jun 2025Dividend₹2.50 / share—23 Jun 2025
—Dividend₹1.25 / share—21 Jun 2024
04 Jul 2023Bonus issue1:2 bonus ratio—04 Jul 2023
—Dividend₹2.70 / share—25 May 2023
—Dividend₹1.00 / share—08 Jun 2022
09 Nov 2021Dividend₹1.25 / share—08 Nov 2021
—Dividend₹2.00 / share—17 Jun 2021
13 Nov 2020Dividend₹1.25 / share—12 Nov 2020
—Dividend₹3.15 / share—12 Jun 2020
—Dividend₹2.60 / share—13 Jun 2019
—Dividend₹2.60 / share—13 Jun 2018
—Dividend₹2.50 / share—13 Jun 2017
—Dividend₹1.80 / share—14 Jun 2016
—Dividend₹1.40 / share—26 Jun 2015
27 Mar 2015Dividend₹10.00 / share—26 Mar 2015
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)54.77%-0.68% latest vs average
Highest delivery71.60%on 05 Oct
Average volume (20D)320.2KTrading-session average
Conviction trendWeakening-0.68% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
₹3.21L37.592.21%₹25,799.47₹2,982.76+11.86%+20.17%
JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About Kansai Nerolac Paints Limited
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]

IndiaBasic Materials

Questions investors ask
Is Kansai Nerolac Paints Limited Shariah compliant?

Kansai Nerolac Paints Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (2.02%) complies with AAOIFI threshold (≤ 33%).

What is Kansai Nerolac Paints Limited's current valuation relative to peers?

Kansai Nerolac Paints Limited trades at a P/E of 25.0x compared to the sector median of 21.9x, and a Price-to-Book of 2.2x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 4.53x. Interest coverage is 23.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 0.6% while net profit growth averaged -12.4%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.