Kansai Nerolac Paints Ltd Share Price

Paints / Varnishes

NSE: KANSAINER Small Cap ISIN: INE531A01024

As on 22 January 2025 at 14:59 IST

₹242.70

-3.30

(-1.34%)

Sell Buy

About Kansai Nerolac Paints Ltd

Kansai Nerolac Paints Ltd., established in the year 1920 and headquartered in Mumbai, stands as a leader in India's paint manufacturing sector. The company's diverse portfolio encompasses decorative paints and industrial coatings. It also makes automotive paints, and powder coatings, serving multiple sectors, from construction to automotive industries. With a century-long legacy, Kansai Nerolac has evolved into one of India's largest paint manufacturers, delivering innovative solutions for both industrial and consumer applications. As a result, the company holds a significant market share in both the decorative and industrial coatings segments. Read More...

Over 1 Month

-7.22%

Over 6 Months

-9.21%

Over 1 Year

-27%

Over 3 Years

-35.90%

Kansai Nerolac Paints Ltd Summary

Close ₹ 242.70

Open ₹ 246.85

High ₹ 247.20

Low ₹ 240.80

Volume 1,55,010

Net Turnover (in ₹) ₹ 4,87,18,411.30

52Wk High ₹ 353

52Wk Low ₹ 241.20

52Wk High / Low

240.80

353

Kansai Nerolac Paints Ltd Fundamentals

Key Financial Data

Market Cap (in ₹Cr) ₹ 19,886.89

EPS (TTM) 7.96

Book Value (BV) 70.85

Div. Yield 1.53 %

P/E (TTM) 31.51

Price/Book Value 3.47

Delivery % 35.88 %

Face Value 1

Key Ratios

PE Ratio 17.93

PB Ratio 3.75

EV to Sales 2.86

PEG Ratio 0.29

ROA 20.32

ROE 12.99

Debt-Equity 0.03

Net Profit Margin 9.01

Operating Profit Margin 14.54

Kansai Nerolac Paints Ltd Financials

Profit and Loss

Consolidated

Standalone

Yearly

Quarterly

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	7,893.32	7,568.71	6,394.76	5,112.46	5,305.50
Total Expenses	6,993.36	6,933.82	5,918.35	4,400.01	4,638.54
Profit Before Tax	1,561.21	634.89	476.41	712.45	666.96
Profit After Tax	1,175.86	468.47	343.15	525.72	515.78
Operating Profit after Depreciation	929.17	663.89	505	736.19	687.87

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	2,185.56	2,107.88	1,995.98	1,912.01	1,906.21
Total Non Current Assets	2,660.68	2,503.31	2,479.10	2,355.49	2,395.08
Total Current Assets	4,749.04	3,803.07	3,230.28	3,177.86	2,488.54
TOTAL ASSETS	7,409.72	6,306.38	5,709.38	5,533.35	4,883.62
Total Shareholder's Fund	5,582.56	4,533.70	4,132.22	4,052.90	3,760.30

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	903.01	408.25	24.77	645.87	595.07
Net Cash used in Investing Activities	-589.76	-226.91	249.54	-452.84	-376.22
Net Cash used in Financing Activities	-248.84	-132.60	-309.31	-274.16	-140.69

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Total Revenue	7,486.41	7,111.85	5,981.76	4,809.75	4,970.03
Total Expenses	6,562.84	6,461.49	5,465.25	4,084.86	4,286.43
Profit Before Tax	1,565.82	650.36	505.12	714.07	683.60
Profit After Tax	1,182.87	486.43	374.33	530.60	535.40
Operating Profit after Depreciation	936.03	660.09	526.38	733.37	688.60

Balance Sheet

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Fixed Assets	2,077.19	1,994.81	1,875.97	1,776.56	1,708.46
Total Non Current Assets	2,646.70	2,513.06	2,424.41	2,303.50	2,329.07
Total Current Assets	4,578.10	3,562.07	2,971.31	2,934.68	2,263.37
TOTAL ASSETS	7,224.80	6,075.13	5,395.72	5,238.18	4,592.44
Total Shareholder's Fund	5,653.12	4,607.38	4,170.93	4,077.02	3,786.87

Cash Flow

Particulars (in ₹ Cr.)	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Net Cash from Operating Activities	895.09	386.19	59.09	654.70	620.61
Net Cash used in Investing Activities	-635.63	-273.54	251.46	-465.33	-343.91
Net Cash used in Financing Activities	-187.31	-88.87	-324.41	-275.56	-191.97

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	1,951.37	2,133.06	1,769.39	1,918.71	1,956.54
Total Expenses	1,739.46	1,803.45	1,590.38	1,674.71	1,683.30
Profit Before Tax	182.77	308.09	156.56	208.23	240.27
Profit After Tax	119.76	224.87	114.29	152.09	175.48
Operating Profit after Depreciation	238.61	363.44	211.54	264.13	295.26

Particulars (in ₹ Cr.)	2024-09	2024-06	2024-03	2023-12	2023-09
Total Revenue	1,863.77	2,050.35	1,661.70	1,814.86	1,845.57
Total Expenses	1,648.76	1,715.94	1,482.56	1,574.92	1,575.67
Profit Before Tax	192.09	323.41	143.25	212.85	243.89
Profit After Tax	130.16	241.10	101.54	157.61	179.89
Operating Profit after Depreciation	241.89	372.76	211.18	262.30	292.26

Kansai Nerolac Paints Ltd Technicals

Support and Resistance

S3 S2 S1 Pivot R1 R2 R3

S1 243.73

S2 241.47

S3 237.83

Pivot 247.37

R1 249.63

R2 253.27

R3 255.53

Moving Average

20 SMA 254.67

50 SMA 262.51

100 SMA 279.01

200 SMA 279.86

Kansai Nerolac Paints Ltd Corporate Actions

Dividend

Bonus

Splits

Rights

AGM

EGM

Kansai Nerolac Paints Ltd

₹1.25/Share

Announcement Date 21 Jun 2024

Record Date 22 Jun 2024

Div Yield 125%

AGM Date: 23 Jun 2022

The 102nd AGM of the Company will be held on Thursday,23rd June, 2022. The Register of Members and Share Transfer books will remain closed from Friday, 10th June, 2022 to Thursday, 23rd June, 2022 (both days inclusive), for the purpose of AGM and payment of final dividend. The Board has recommended a final dividend of 100% (Re. 1.00 per share) for the year, in addition the Company had declared interim dividend of 125% (Rs. 1.25 per share) paid on November,2021. Accordingly, the total dividend is 225%(Rs. 2.25 per share) for the financial year ended 31st March,2022 as compared to total dividend of 525%(Rs. 5.25 per share) including special dividend of 200%(Rs. 2.00 per share) declared last year. Final dividend, when declared, will be payable on or after Tuesday, 28th June,2022, to those Members whose names are registered in the Register of Members on Thursday, 9th June, 2022 and to the Beneficiary holders as per the beneficiary list on Thursday, 9th June,2022 provided by NSDL and CDSL. The 102nd Annual General Meeting of the Company ('AGM') will be held on Thursday, 23rd June, 2022. Notice of the same will be submitted separately, as and when the same is dispatched to the Shareholders of the Company. In terms of the provisions of Regulation 47 read with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the newspaper cuttings of the Notice published in pursuance of the Circular No. 21/2021 dated 14th December, 2021 read with Circular No. 02/2021 dated 13th January, 2021 and Circular No. 20/2020 dated 5th May, 2020 issued by the Ministry of Corporate Affairs, in Business Standard (English) (published in all editions across India; copy of Mumbai Edition is attached) along with Free Press Journal (English), published on 28th May, 2022 and in Navshakti (Marathi) (published in Mumbai edition) published on 29th May, 2022, intimating that the 102nd Annual General Meeting of Kansai Nerolac Paints Limited, will be held on Thursday, 23rd June, 2022 at 11 a.m. (IST), through Video Conferencing or Other Audio Visual Means. (As Per BSE Announcement Dated on 30/05/2022) The Notice of the 102nd Annual General Meeting of Kansai Nerolac Paints Limited is enclosed herewith. The Notice of the AGM is from Page nos. 100 to 112 of the Annual Report 2021-22. The AGM will be held on Thursday, 23rd June, 2022 at 11 a.m. (IST), through Video Conferencing/Other Audio Visual Means. The AGM will be held without the physical presence of Shareholders at a common venue. The Annual Report along with the Notice of the 102nd AGM is being sent by e-mail, to all the Shareholders whose e-mail IDs are registered with the Company / Depository Participant(s) in accordance with MCA Circulars and SEBI Circulars. Encl: Notice of the AGM (As Per BSE Announcement Dated on 31/05/2022) In terms of the provisions of Regulation 47 read with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the newspaper cuttings of the Notice published in Business Standard (English), Free Press Journal (English), Navshakti (English) and Sakal (Marathi), today which includes following information: 1.Intimation of the 102nd AGM of the Company and confirmation of dispatch of the Annual Report of the Company for the FY 2021-22 along with the Notice of the AGM by e-mail to the Shareholders whose e-mail IDs are registered with the Company/Depository Participant(s), in accordance with MCA and SEBI Circulars; 2.Particulars of facility of e-voting provided to Shareholders, to enable them to cast their votes on the resolutions proposed to be passed at the AGM by electronic means, using remote e-voting system as well as e-voting during the proceeding of the AGM; 3.Notice of the Book Closure for the purpose of AGM and Dividend, if declared. (As Per BSE Announcement Dated on 02.06.2022) This is to inform you that the 102nd AGM of the Company was held today i.e. Thursday, 23rd June, 2022, through VC/OAVM, without the physical presence of the Shareholders at a common venue, in accordance with the Circulars issued by the MCA, SEBI, the provisions of the Companies Act, 2013 and SEBI Listing Regulations. The AGM commenced at 11 a.m. and concluded at 12.55 p.m. All the resolutions forming part of the Notice of the AGM, were approved by the shareholders through remote e-voting system as well as e-voting at the AGM with requisite majority. Details of the results of remote e-voting and e-voting at the AGM are enclosed as Annexure A, in terms of Regulation 44(3) of the SEBI Listing Regulations. The Consolidated Scrutinizer''s report dated 23rd June, 2022, pursuant to Section 108 of the Companies Act 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, with respect to the results of remote e-voting and e-voting at the AGM is enclosed as Annexure B. (As per BSE Announcement Dated on 23/06/2022) Kansai Nerolac Paints Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. (As Per BSE Announcement dated on 24.06.2022)

AGM Date: 26 Jun 2023

The 103rd Annual General Meeting of the Company ('AGM') will be held on Monday, 26th June, 2023. The Register of Members and Share Transfer books of the Company will remain closed from Friday, 26th May, 2023 to Tuesday, 30th May, 2023 (both days inclusive), for the purpose of AGM and payment of dividend. The Board has recommended a dividend of 270% (Rs. 2.70 per share) for the financial year ended 31st March, 2023 as compared to the dividend of 225% (Rs. 2.25 per share) paid for the financial year ended 31st March, 2022. Dividend, when declared, will be payable on or after Friday, 30th June, 2023 to those Members whose names are registered in the Register of Members of the Company as on Thursday, 25th May, 2023 and to the Beneficiary holders as per the beneficiary list as on Thursday, 25th May, 2023 provided by National Securities Depository Limited and Central Depository Services (India) Limited. The 103rd Annual General Meeting of the Company ('AGM') will be held on Monday, 26th June, 2023. The Register of Members and Share Transfer books of the Company will remain closed from Friday, 26th May, 2023 to Tuesday, 30th May, 2023 (both days inclusive), for the purpose of AGM and payment of dividend. This is to inform you that the Board of Directors of Kansai Nerolac Paints Limited has, at the Board Meeting held today i.e. on Monday, 8th May, 2023, has recommended a dividend of 270% (Rs. 2.70 per share) for the financial year ended 31st March, 2023 as compared to the dividend of 225% (Rs. 2.25 per share) paid for the financial year ended 31st March, 2022. Dividend, when declared, will be payable on or after Friday, 30th June, 2023 to those Members whose names are registered in the Register of Members of the Company as on Thursday, 25th May, 2023 and to the Beneficiary holders as per the beneficiary list as on Thursday, 25th May, 2023 provided by National Securities Depository Limited and Central Depository Services (India) Limited. This is to inform you that the 103rd AGM of the Company was held today i.e. Monday, 26th June, 2023, through VC/OAVM, without the physical presence of the Shareholders at a common venue, in accordance with the Circulars issued by the MCA, SEBI, the provisions of the Companies Act, 2013 and SEBI Listing Regulations. The AGM commenced at 11 a.m. and concluded at 12.55 p.m. All the resolutions forming part of the Notice of the AGM, were approved by the shareholders through remote e-voting system as well as e-voting at the AGM with requisite majority. Details of the results of remote e-voting and e-voting at the AGM are enclosed as Annexure A, in terms of Regulation 44(3) of the SEBI Listing Regulations. The Consolidated Scrutinizer''s report dated 26th June, 2023, pursuant to Section 108 of the Companies Act 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, with respect to the results of remote e-voting and e-voting at the AGM is enclosed as Annexure B. (As Per BSE Announcement dated on 26.06.2023)

AGM Date: 28 Jun 2024

The 104th Annual General Meeting of the Company ('AGM') will be held on Friday, 28th June, 2024. Notice of the same will be submitted separately, as and when the same is dispatched to the Shareholders of the Company. The Annual Report of Kansai Nerolac Paints Limited for the financial year 2023-24 along with the Notice of the 104th Annual General Meeting is enclosed herewith. The AGM will be held on Friday, 28th June, 2024 at 11 a.m. (IST), through Video Conferencing/Other Audio Visual Means. The AGM will be held without the physical presence of Shareholders at a common venue. The Annual Report along with the Notice of the 104th AGM is being sent by e-mail, to all the Shareholders whose e-mail IDs are registered with the Company / Depository Participant(s) in accordance with relevant MCA Circulars and SEBI Circulars. (As Per BSE Announcement Dated on: 06/06/2024) Proceedings and Voting Results of the 104th Annual General Meeting of Kansai Nerolac Paints Limited is enclosed. (As Per BSE Announcement dated on 28.06.2024)

Kansai Nerolac Paints Ltd Peer Comparison

Company	Price	Market Cap (in ₹ Cr)
Kansai Nerolac Paints Ltd	₹245.80	₹19,870.72
Asian Paints Ltd	₹2,259.65	₹2,16,745.13
Berger Paints India Ltd	₹475	₹55,376.98
Akzo Nobel India Ltd	₹3,806.90	₹17,336.74
Indigo Paints Ltd	₹1,247.35	₹5,941.72
Shalimar Paints Ltd	₹128.55	₹1,076.11

Kansai Nerolac Paints Ltd News

Kansai Nerolac Paints allots 4,274 equity share sunder Restricted Stock Units Plan

13 Jan 2025, 06:24 pm

Kansai Nerolac Paints to hold board meeting

On 5 February 2025

28 Dec 2024, 09:36 am

Kansai Nerolac slips after Q2 PAT slides 28% YoY to Rs 130 cr

Kansai Nerolac Paints fell 1.84% to Rs 280.50 after the company reported 27.64% decline in standalone net profit to Rs 130.16 crore as against Rs 179.89 crore posted in Q2 FY24.

07 Nov 2024, 09:42 am

Kansai Nerolac Paints allots 9,112 equity shares under ESOP

06 Nov 2024, 08:09 pm

Kansai Nerolac Paints appoints director

With effect from 06 November 2024

06 Nov 2024, 07:17 pm

Kansai Nerolac Paints Ltd Stock Analysis

Annual revenue for Kansai Nerolac Paints Ltd increased by 5.27% to ₹7,486.41 crore in FY 2024 from ₹7,111.85 crore in FY 2023.
Annual Net Profit for Kansai Nerolac Paints Ltd increased by 143.17% to ₹1,182.87 crore in FY 2024 from ₹486.43 crore in FY 2023.
Promoter Shareholding in Kansai Nerolac Paints Ltd remains unchanged by 0.00% in the most recent quarter, from 74.99% in September 2024 to 74.99% in December 2024.
Kansai Nerolac Paints Ltd delivered a 1-year return of -27% compared to the Nifty 50, which provided a return of 8.41% as of the last trading session.
Kansai Nerolac Paints Ltd share price moved down by 1.34% from its previous close of INR ₹246. The latest Kansai Nerolac Paints Ltd share price is INR ₹242.70.
Kansai Nerolac Paints Ltd share price today has been at a low of 240.80 and a high of 247.20. Over the past 52 weeks, the Kansai Nerolac Paints Ltd share price has seen a low of 240.80 and a high of 353.

About Kansai Nerolac Paints Ltd

Kansai Nerolac Paints Ltd., established in 1920 and headquartered in Mumbai, stands as a leader in India's paint manufacturing sector. The company's diverse portfolio encompasses decorative paints and industrial coatings. It also makes automotive paints, and powder coatings, serving multiple sectors, from construction to automotive industries.

With a century-long legacy, Kansai Nerolac has evolved into one of India's largest paint manufacturers, delivering innovative solutions for both industrial and consumer applications.

The company is a subsidiary of Kansai Paint Co. Ltd., which owns 74.99% of Kansai Nerolac Paints. The company is managed by a team of managerial promoters who are dedicated to driving the company's growth and success. They are

Anuj Jain
Pradip Panalal Shah
Bhaskar Bhat
Sonia Singh
Hitoshi Nishibayashi

Kansai Nerolac Paints holds a significant market share in both the decorative and industrial coatings segments. The registered office of Kansai Nerolac Paints is located in Joshi Marg, Mumbai. Its registrars are based in L.B.S. Marg, Vikhroli. The company is listed on the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) under the ticker symbols KANSAINER and 500165, respectively.

Overall, Kansai Nerolac Paints Ltd. is a key player in the paints and coatings industry. It provides high-quality products for various applications. The company's strong market position and experienced management team make it a leader in the industry.

Kansai Nerolac - Colouring India's Growth Story Since 1920

Kansai Nerolac Paints Ltd., established in 1920, has been a significant player in the Indian paints and coatings industry. Over a century, the company has consistently contributed to India's growth by adding colour and protection to buildings and numerous other surfaces. The company's journey from a small paint manufacturer to a market leader is a testament to its commitment to innovation and quality.

The foundation of Kansai Nerolac was laid in 1920, and the company initially operated under the name Gahagan Paints and Varnish Co. Ltd. In its early years, the company focused on manufacturing a limited range of paints. However, Kansai Nerolac began exploring new technologies and product formulations. This drive for innovation helped the company increase its product offerings and market presence.

In 1957, the company was renamed Goodlass Nerolac Paints Ltd., which marked a period of significant growth for the company. It expanded its manufacturing capabilities and product range. The introduction of advanced manufacturing processes allowed Kansai Nerolac to produce quality paints. The company's dedication to research and development played a crucial role in its ability to offer innovative solutions to its customers.

Kansai Nerolac's expansion was not limited to the decorative paints segment. The company ventured into industrial coatings. It catered to sectors such as automotive, furniture, and construction. The introduction of automotive paints was a game-changer, establishing Kansai Nerolac as a trusted partner for major automobile manufacturers. The company's expertise in providing durable and aesthetically pleasing coatings helped it gain a competitive edge in the market.

A significant milestone in Kansai Nerolac's journey was its partnership with Kansai Paint Co. Ltd., Japan. In 1986, Kansai Paint acquired a controlling stake in the company, which led to a strategic alliance that brought together Indian expertise and Japanese technology. This partnership enabled Kansai Nerolac to leverage cutting-edge research and development capabilities. As a result, the company enhanced its product offerings and expanded its market reach.

Kansai Nerolac has always prioritized sustainability and environmental responsibility. The company has implemented various measures to reduce its environmental footprint, such as adopting eco-friendly manufacturing processes and developing low-VOC (volatile organic compounds) paints. Kansai Nerolac's commitment to sustainability extends to its products. The company ensures its offerings meet stringent environmental standards.

A key factor in Kansai Nerolac's success has been its customer-centric approach. The company has consistently focused on understanding the needs and preferences of its customers. By offering a wide range of products, Kansai Nerolac has been able to cater to diverse customer requirements. The company's dedication to customer satisfaction has also helped it build long-term relationships with its clients.

Today, Kansai Nerolac is one of the largest paint manufacturers in India. The company's strong market position is a result of its relentless pursuit of excellence and innovation. Kansai Nerolac's products are known for their quality, durability, and aesthetic appeal. The company's extensive distribution network ensures that its products are readily available to customers across the country.

Innovation has been at the heart of Kansai Nerolac's growth story. The company invests significantly in research and development. This is to continuously improve its products and processes. Kansai Nerolac's focus on technological advancements has led to the introduction of several innovative products that meet the evolving needs of its customers.

Looking ahead, Kansai Nerolac is poised for continued growth and success. The company aims to expand its product portfolio by leveraging its brand equity and expertise. Kansai Nerolac's focus on sustainability and innovation will continue to drive its efforts to provide high-quality, eco-friendly paints.