Avsar.

Consumer Discretionary · Paints

Kansai Nerolac Paints Ltd (KANSAINER)

₹176.28

Mkt cap
₹14,259 Cr
P/E ratio
22.10
P/B
2.12
Div yield
1.42%
ROE
8.82%
ROCE
12.00%
EPS (TTM)
₹7.98
Book value
₹83
52W range
158–264
Sector
Consumer Discretionary

Price history

Previous close

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.

NSE KANSAINERBSE 500165
Health check
Mixed
ValuationCheap
ProfitabilityAverage
GrowthModerate
TechnicalsBearish
52-week range
−33.23% from high
₹176
₹158+11.63% from low₹264
Current
₹176.28
Prev close
₹179.06
Day
−1.55%
Price performance
1D
−1.71%
1W
−2.87%
1M
−2.94%
3M
−11.58%
6M
−10.99%
1Y
−31.10%
YTD
−26.88%

Financials

Revenue, profit & margin
P/E ratio
22.1×
KANSAINER is 30% below the sector median of 31.4×
KANSAINER22.1×
Sector median31.4×
 Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Trend
Sales2,1571,9571,9191,7692,1331,9511,9221,8172,1621,9541,9821,9542,374
Expenses1,8251,6831,6751,5901,8031,7391,6871,6511,8591,7391,7421,7372,045
Operating Profit332273244179330212235166303215240216328
OPM %15%14%13%10%15%11%12%9%14%11%12%11%14%
Other Income6782220333427671375328-101155
Interest7877779878988
Depreciation47474848484953525354606163
Profit before tax956240208157308183844144295182161158312
Tax %23%27%27%27%27%34%22%29%27%27%27%31%27%
Net Profit734175152114225120662102216133117110228
EPS in Rs9.132.191.911.442.861.528.421.342.731.671.501.392.86
Raw PDF

Earnings

Results dates & reactions
Next results
4 Nov '26scheduled

Fresh quarters land in the Financials table above, tagged NSE until screener catches up.

Avg earnings-day move +0.02% · closed higher next day 29 of last 66
 Q2FY24Q3FY24Q4FY24Q1FY25Q2FY25Q3FY25Q4FY25†Q1FY26Q2FY26Q3FY26†Q4FY26Q1FY27
Broadcast2 Nov '235 Feb '24◦4 May '24◦29 Jul '24◦6 Nov '24◦5 Feb '25◦6 May '25◦4 Aug '25◦3 Nov '25◦3 Feb '26◦6 May '26◦3 Aug '26◦
Earnings day−1.32%−3.02%+0.07%+8.11%−2.08%+3.70%+0.59%−0.74%−0.24%−2.66%+5.02%−2.58%
+1 day−3.19%−7.35%−1.37%+9.05%−5.08%+1.56%−0.39%−3.72%−0.39%−4.31%+9.39%+3.04%
+5 days−3.32%−8.63%−6.02%+5.45%−9.24%−4.26%+2.70%−2.30%−1.45%−9.51%+10.20%+3.96%
+15 days+1.68%−14.02%−6.17%+5.32%−3.17%−7.55%+0.41%−2.43%−6.08%−12.05%+8.26%−1.84%
+30 days+5.44%−22.60%−2.07%+12.21%−7.18%−0.62%−3.75%+3.80%−10.87%−26.14%+4.82%−9.49%
FilingXBRLXBRLXBRLXBRLXBRLXBRLXBRLPDFPDFXBRLPDFPDF

Corporate actions

Last 6 months
KindValueEx-dateRecord
dividend
Dividend - Rs 2.50 Per Share
2.5029 Jun '2629 Jun '26

Results analysis

Shareholding

as of Sep 2026
74.95%Promoter
Promoters74.95%
FIIs3.94%0.08
DIIs12.13%0.25
Public8.98%0.16
Ownership trend

Peers

7 companies
Valuation vs quality
P/E × ROCE · bubble = market cap
NameCMPP/EMkt CapDiv YldNP QtrQtr Profit VarSales QtrQtr Sales VarROCE
Asian Paints₹2,320.0044.952,22,5341.19%1,085+7.45%9,977+16.94%26.34%
Berger Paints₹465.1044.1554,2310.86%405+18.22%3,584+11.97%21.55%
Kansai Nerolac₹176.2822.1114,2591.42%228+4.83%2,374+9.79%11.99%
JSW Dulux₹264.4031.3612,0411.89%80−12.42%965−3.02%22.73%
Indigo Paints₹997.3030.944,7600.50%14−45.91%340+14.06%17.94%
Sirca Paints₹405.4534.342,3030.49%16+14.07%130+13.80%20.28%
Shalimar Paints₹79.50—6660.00%−33−130.20%116−13.56%−7.93%
Median: 9 Co.₹264.4031.364,7600.86%16+4.83%340+11.97%20.28%

Filings

Annual reports15
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022Annual Report 2021Annual Report 2020Annual Report 2019Annual Report 2018Annual Report 2017Annual Report 2016Annual Report 2015Annual Report 2014Annual Report 2013Annual Report 2012
Concall transcripts65
TranscriptAug 2026PPTAug 2026RECAug 2026TranscriptMay 2026PPTMay 2026TranscriptMar 2026PPTMar 2026TranscriptFeb 2026PPTFeb 2026TranscriptNov 2025PPTNov 2025RECNov 2025TranscriptAug 2025PPTAug 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptApr 2025PPTApr 2025TranscriptFeb 2025PPTFeb 2025TranscriptNov 2024PPTNov 2024TranscriptAug 2024
Credit ratings6
Rating update 21 AugcrisilRating update 22 Dec 2025crisilRating update 21 Aug 2025crisilRating update 27 May 2025crisilRating update 5 Jun 2024crisilRating update 25 Oct 2023crisil
Announcements5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 26 Oct - Kansai Nerolac will host Q2 FY27 results conference call on 5 November 2026 at 16:00 IST.Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 26 Oct - Intimation regarding allotment of Equity Shares pursuant to exercise of Restricted Stock Unit is enclosed herewith.Announcement under Regulation 30 (LODR)-Scheme of Arrangement 25 Sep - NCLT sanctioned merger of Nerofix Private Limited into Kansai Nerolac on 24 September 2026; effective after ROC filing.Closure of Trading Window 24 Sep - Board meeting on 4 Nov 2026 to consider Q2/H1 FY27 unaudited results; trading window closed 1 Oct–6 Nov 2026.Board Meeting Intimation for For Board Meeting Of Board Of Kansai Nerolac Paints Limited To Be Held On Wednesday, 4Th November, 2026. 24 Sep - Board meeting on 4 November 2026 to consider Q2 and six-month financial results; trading window closes 1–6 October 2026.