Consumer Durables
Valuation | |
|---|---|
| Market Cap | 16.45 kCr |
| Price/Earnings (Trailing) | 28.1 |
| Price/Sales (Trailing) | 2.04 |
| EV/EBITDA | 15.83 |
| Price/Free Cashflow | 57.33 |
| MarketCap/EBT | 21.03 |
| Enterprise Value | 16.37 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | -4.3% |
| Price Change 1M | -12.1% |
| Price Change 6M | -16.7% |
| Price Change 1Y | -12.1% |
| 3Y Cumulative Return | -9.7% |
| 5Y Cumulative Return | -12.3% |
| 7Y Cumulative Return | -5.1% |
| 10Y Cumulative Return |
| Revenue (TTM) |
| 8.07 kCr |
| Rev. Growth (Yr) | 2.7% |
| Earnings (TTM) | 568.38 Cr |
| Earnings Growth (Yr) | -82.3% |
Profitability | |
|---|---|
| Operating Margin | 10% |
| EBT Margin | 10% |
| Return on Equity | 8.81% |
| Return on Assets | 6.82% |
| Free Cashflow Yield | 1.74% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -378.62 Cr |
| Cash Flow from Operations (TTM) | 672.36 Cr |
| Cash Flow from Financing (TTM) | -366.12 Cr |
| Cash & Equivalents | 170.96 Cr |
| Free Cash Flow (TTM) | 346.06 Cr |
| Free Cash Flow/Share (TTM) | 4.28 |
Balance Sheet | |
|---|---|
| Total Assets | 8.34 kCr |
| Total Liabilities | 1.89 kCr |
| Shareholder Equity | 6.45 kCr |
| Current Assets | 5.5 kCr |
| Current Liabilities | 1.54 kCr |
| Net PPE | 2.28 kCr |
| Inventory | 1.63 kCr |
| Goodwill | 2.47 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.01 |
| Debt/Equity | 0.01 |
| Interest Coverage | 23.78 |
| Interest/Cashflow Ops | 22.41 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 3.75 |
| Dividend Yield | 1.6% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money has been increasing their position in the stock.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Past Returns: Underperforming stock! In past three years, the stock has provided -9.7% return compared to 12.4% by NIFTY 50.
Momentum: Stock is suffering a negative price momentum. Stock is down -12.1% in last 30 days.
Technicals: Bullish SharesGuru indicator.
Balance Sheet: Strong Balance Sheet.
Smart Money: Smart money has been increasing their position in the stock.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Past Returns: Underperforming stock! In past three years, the stock has provided -9.7% return compared to 12.4% by NIFTY 50.
Momentum: Stock is suffering a negative price momentum. Stock is down -12.1% in last 30 days.
Investor Care | |
|---|---|
| Dividend Yield | 1.6% |
| Dividend/Share (TTM) | 3.75 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 7.24 |
Financial Health | |
|---|---|
| Current Ratio | 3.57 |
| Debt/Equity | 0.01 |
Technical Indicators | |
|---|---|
| RSI (14d) | 20.81 |
| RSI (5d) | 0.00 |
| RSI (21d) | 26.1 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Buy |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Buy |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of Kansai Nerolac Paints's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the Q3 FY 2025-26 earnings call, management provided an optimistic outlook, signaling continued growth in several segments. Key points include:
Overall Revenue Growth: For Q3, net revenue grew by 3.1%, with a YTD growth of 1.5% on a consolidated basis. The decorative business showed resilience, although it remained slightly negative to flat, with forecasts indicating mid-single-digit growth in Q4.
EBITDA Guidance: Management maintained its EBITDA margin guidance at 13% to 14%, emphasizing continued investment in manpower and dealer networks, which are expected to contribute positively to future performance.
Automotive Segment Growth: The automotive segment experienced strong growth driven by the GST cuts and increased government focus on infrastructure development. Double-digit growth was reported for the automotive and industrial sectors, attributed to improvement in demand dynamics.
Decorative Products: The Paint+ range accounted for over 10% of decorative business. New products such as Excel Everlast 20 and Excel Total Floor Coat have been launched, offering enhanced performance and expanding the company's reach in the premium segment.
Market Share: Management reported that industrial market share is growing, with no significant losses in the decorative segment. The focus remains on maintaining high-quality offerings, with an intent to minimize low-margin products.
Risks: Key risks include geopolitical tensions, commodity price volatility, and inflationary pressures, particularly due to tariffs and currency fluctuations.
Overall, the management is anticipating continued momentum in construction activities driven by government initiatives, with a positive inclination towards the automotive and industrial segments contributing to future growth.
Understand Kansai Nerolac Paints ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Kansai Paint Company Limited | 74.98% |
| Nippon Life India Trustee Ltd | 1.3% |
| ICICI Prudential Life Insurance Company Limited | 1.15% |
Distribution across major stakeholders
Detailed comparison of Kansai Nerolac Paints against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINT | Asian Paints | 2.3 LCr | 35.35 kCr | -13.00% | +7.40% | 59.75 | 6.5 | - | - |
| BERGEPAINT | Berger Paints India | 53.82 kCr |
Comprehensive comparison against sector averages
KANSAINER metrics compared to Consumer
| Category | KANSAINER | Consumer |
|---|---|---|
| PE | 27.63 | 51.99 |
| PS | 2.00 | 1.47 |
| Growth | 2 % | 31.3 % |
Kansai Nerolac Paints Limited manufactures and supplies paints and varnishes, enamels, and lacquers in India. The company provides interior and exterior wall paints, wood coatings, metal enamel paints, and ancillary paints, as well as adhesives and waterproofing products; interior textures; and automotive and powder coatings, performance coatings liquid, auto refinish, primers, enamels, wood finishes, waterproofing solutions, and construction chemicals. It also offers disinfectant, hand sanitizers, and multi surface protective sheets. The company was formerly known as Goodlass Nerolac Paints Limited and changed its name to Kansai Nerolac Paints Limited in April 2006. The company was incorporated in 1920 and is based in Mumbai, India. Kansai Nerolac Paints Limited is a subsidiary of Kansai Paint Co., Ltd.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
KANSAINER vs Consumer (2021 - 2026)
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
1. Question from Avi Mehta (Macquarie Capital): "I wanted to kind of first check with the decorative side. Could you give a sense on how the momentum was in 3Q? And what gives you comfort on the recovery? Also, if you could cover if there's any change in the competitive intensity, especially after the merger of AkzoNobel and JSW?"
Answer: "October was challenging due to a shorter Diwali, but November and December showed good recovery in growth momentum. We expect this trend to continue into Q4. Competitive intensity remains high, especially post-Akzo and JSW's merger, as all players aim to protect their market shares and invest effectively."
2. Question from Avi Mehta: "Now if automotive is seeing the kind of growth, it is seeing and decorative recoveries where it is, how do you see the EBITDA margin profile in the near-term for us? And is there a risk on that 12% to 13% number that you had shared target?"
Answer: "We maintain our EBITDA guidance within 13% to 14%. Our investments in manpower and increased dealer openings are expected to drive growth. With strong performance anticipated in Q4 for both segments, we remain optimistic about hitting the target margin."
3. Question from Mihir Shah (Nomura): ""¦when do you expect the benefits of higher investments to start showing into the decorative volumes, especially with the dealer reach increase?"
Answer: "We've already seen some benefits from our manpower investments in Q3, reflected in performance metrics. We believe continued investment, particularly in decorative paints, will yield better results moving forward."
4. Question from Mihir Shah: "Lastly, I wanted to just check on the gross margin profile"¦ with the input costs remaining constant, is there a possibility for gross margins probably to inch up further from these levels?"
Answer: "While there is potential for marginal improvement in gross margins, historical trends suggest Q4 is typically not favorable due to mix. We expect gross margins to remain stable or slightly better but not significantly different."
5. Question from Mrunmayee Jogalekar (Asit C. Mehta Investment): "Is the assumption correct that the deco revenue growth would still be negative in this quarter?"
Answer: "Yes, decorative revenue will be marginally negative to flat for this quarter, but we anticipate a recovery in Q4, particularly as the impact from October's shorter Diwali fades."
6. Question from Keyur Pandya (ICICI Prudential Life Insurance): ""¦does that mean that your decorative has de-grown in value terms?"
Answer: "Yes, decorative has shown de-growth in value terms, but our focus is on profitability and premium products, which impacts our market share strategy. We do not aim to compete in low-margin segments, even if it affects share temporarily."
7. Question from Ajay Thakur (Anand Rathi Securities): "Can you just also throw some more light in terms of the sustainability of this recovery and"¦ how you see in terms of cyclical recovery?"
Answer: "We are confident that the recovery seen in Q4 will continue. The industry remains resilient, and despite current challenges, we anticipate closer to GDP-like growth as both organized and unorganized sectors adjust to market conditions."
These responses summarize the company's insights on market trends, competitive pricing strategies, and expectations for future growth across various segments.
Distribution across major institutional holders
| 11.82 kCr |
| -11.20% |
| -3.50% |
| 51 |
| 4.55 |
| - |
| - |
| AKZOINDIA | Akzo Nobel India | 13.76 kCr | 3.79 kCr | -2.20% | -7.00% | 7.03 | 3.63 | - | - |
| INDIGOPNTS | Indigo Paints | 4.71 kCr | 1.39 kCr | -20.10% | -9.10% | 32.61 | 3.4 | - | - |
| SHALPAINTS | Shalimar Paints | 495.07 Cr | 608.83 Cr | -13.80% | -50.40% | -7.39 | 0.81 | - | - |
| 0.6% |
| 1,811 |
| 1,801 |
| 1,919 |
| 1,710 |
| 1,749 |
| 1,795 |
| Profit Before exceptional items and Tax | 13.3% | 206 | 182 | 295 | - | 214 | 183 |
| Exceptional items before tax | - | -44.72 | 0 | 0 | - | 630 | 0 |
| Total profit before tax | -11.6% | 161 | 182 | 295 | 144 | 844 | 183 |
| Current tax | -2.2% | 45 | 46 | 79 | 30 | 165 | 50 |
| Deferred tax | -310.4% | -1.02 | 1.96 | 0.9 | 11 | 16 | 13 |
| Total tax | -8.5% | 44 | 48 | 80 | 41 | 181 | 63 |
| Total profit (loss) for period | -12.1% | 117 | 133 | 216 | 102 | 662 | 120 |
| Other comp. income net of taxes | 177.2% | 5.67 | -5.05 | 0.01 | - | -2.77 | 0.34 |
| Total Comprehensive Income | -3.9% | 123 | 128 | 216 | - | 660 | 120 |
| Earnings Per Share, Basic | -25.4% | 1.5 | 1.67 | 2.73 | 1.34 | 8.42 | 1.52 |
| Earnings Per Share, Diluted | -25.4% | 1.5 | 1.67 | 2.73 | 1.34 | 8.41 | 1.52 |
| 11.2% |
| 447 |
| 402 |
| 334 |
| 312 |
| 259 |
| 269 |
| Finance costs | 27.3% | 15 | 12 | 9.73 | 9.87 | 7.49 | 5 |
| Depreciation and Amortization | - | - | 180 | 165 | 154 | 139 | 120 |
| Other expenses | 2% | 1,223 | 1,199 | 998 | 860 | 687 | 835 |
| Total Expenses | 2.6% | 6,731 | 6,563 | 6,461 | 5,465 | 4,003 | 4,286 |
| Profit Before exceptional items and Tax | - | - | 924 | 650 | 517 | 725 | 684 |
| Exceptional items before tax | - | - | 642 | 0 | -11.39 | -10.82 | 0 |
| Total profit before tax | -11.4% | 1,387 | 1,566 | 650 | 505 | 715 | 684 |
| Current tax | -11.2% | 326 | 367 | 157 | 132 | 180 | 166 |
| Deferred tax | 153.3% | 39 | 16 | 6.65 | -1.56 | 3.34 | -18.13 |
| Total tax | -4.7% | 365 | 383 | 164 | 131 | 184 | 148 |
| Total profit (loss) for period | -13.7% | 1,021 | 1,183 | 486 | 374 | 531 | 535 |
| Other comp. income net of taxes | - | - | -3.77 | 0.16 | 2.51 | 0.19 | -1.02 |
| Total Comprehensive Income | - | - | 1,179 | 487 | 377 | 531 | 534 |
| Earnings Per Share, Basic | -14.7% | 12.63 | 14.63 | 6.02 | 4.6333333 | 6.5666667 | 6.6266667 |
| Earnings Per Share, Diluted | -14.7% | 12.62 | 14.62 | 6.0133333 | 4.6333333 | 6.5666667 | 6.6266667 |
| 13.5% |
| 2,198 |
| 1,936 |
| 1,905 |
| 1,867 |
| 1,885 |
| 1,813 |
| Capital work-in-progress | - | 189 | - | 178 | 148 | 78 | 113 |
| Investment property | - | 0.12 | - | 0.12 | 0.12 | 0.13 | 0.13 |
| Goodwill | - | 0.2 | - | 0.2 | 0.2 | 0.2 | 0.2 |
| Non-current investments | 13.3% | 69 | 61 | 137 | 136 | 155 | 155 |
| Loans, non-current | - | 45 | - | 0 | 0 | 0 | 0 |
| Total non-current financial assets | - | 137 | - | 288 | 156 | 174 | 172 |
| Total non-current assets | 1.2% | 2,829 | 2,795 | 2,692 | 2,496 | 2,471 | 2,367 |
| Total assets | 2.1% | 8,133 | 7,969 | 7,526 | 7,225 | 6,868 | 6,075 |
| Total non-current financial liabilities | - | 0 | - | 129 | 120 | 0 | 94 |
| Provisions, non-current | - | 21 | - | 20 | 21 | 21 | 21 |
| Total non-current liabilities | 2.2% | 323 | 316 | 278 | 257 | 249 | 217 |
| Borrowings, current | - | 0 | - | 0 | 0 | 0 | 0 |
| Total current financial liabilities | - | 1,258 | - | 1,306 | 1,139 | 1,103 | 1,031 |
| Provisions, current | - | 35 | - | 32 | 31 | 24 | 21 |
| Current tax liabilities | - | 18 | - | 34 | 0 | 42 | 0 |
| Total current liabilities | 7.1% | 1,378 | 1,287 | 1,520 | 1,315 | 1,225 | 1,251 |
| Total liabilities | - | 1,701 | - | 1,799 | 1,572 | 1,474 | 1,468 |
| Equity share capital | - | 81 | - | 81 | 81 | 81 | 54 |
| Total equity | - | 6,433 | - | 5,727 | 5,653 | 5,394 | 4,607 |
| Total equity and liabilities | 2.1% | 8,133 | 7,969 | 7,526 | 7,225 | 6,868 | 6,075 |
| -95.2% |
| 1.53 |
| 12 |
| 3.75 |
| 0 |
| - |
| - |
| Net Cashflows from Operations | -19.9% | 901 | 1,125 | 562 | 210 | - | - |
| Income taxes paid (refund) | 10.5% | 254 | 230 | 176 | 151 | - | - |
| Net Cashflows From Operating Activities | -27.7% | 647 | 895 | 386 | 59 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 0 | 0 | 62 | 0 | - | - |
| Proceeds from sales of PPE | 78850% | 505 | 0.36 | 0.81 | 0.24 | - | - |
| Purchase of property, plant and equipment | 39.7% | 325 | 233 | 111 | 214 | - | - |
| Proceeds from sales of investment property | - | - | 609 | 162 | 0 | - | - |
| Purchase of other long-term assets | - | - | 63 | 2.14 | 0 | - | - |
| Dividends received | 1185.7% | 2.8 | 1.14 | 2.79 | 2.52 | - | - |
| Interest received | 271.9% | 10 | 3.42 | 1.32 | 1.45 | - | - |
| Income taxes paid (refund) | -100.7% | 0 | 141 | 0 | 0 | - | - |
| Other inflows (outflows) of cash | 25.5% | -566.02 | -759.63 | -265.24 | 461 | - | - |
| Net Cashflows From Investing Activities | 41.3% | -372.48 | -635.63 | -273.54 | 251 | - | - |
| Repayments of borrowings | - | 0 | 0 | 0 | 8.34 | - | - |
| Payments of lease liabilities | - | - | 42 | 0 | 33 | - | - |
| Dividends paid | 108.3% | 303 | 146 | 54 | 283 | - | - |
| Interest paid | - | 0 | 0 | 0 | 0.38 | - | - |
| Other inflows (outflows) of cash | - | -48.51 | 0 | 0 | 0 | - | - |
| Net Cashflows from Financing Activities | -87.3% | -351.65 | -187.31 | -88.87 | -324.41 | - | - |
| Effect of exchange rate on cash eq. | -4900% | 0 | 0.98 | 0.98 | 0 | - | - |
| Net change in cash and cash eq. | -207.8% | -76.65 | 73 | 25 | -13.86 | - | - |