KANSAINERConsumer Durables

Kansai Nerolac Paints Limited

Paints · ISIN INE531A01024 · BSE 500165 · NSE EQ · FV ₹1
Last price
₹184
-0.33%today
What this company does

Kansai Nerolac Paints Limited operates in Paints, part of the Consumer Durables sector. It booked ₹2,374 cr of revenue in its latest quarter (Q1 FY27) and kept 9.8% of sales as profit. It is the 3rd largest of 8 Paints companies we track, by market value.

Cultivating Capabilities construction chemicals showcased robust performance surpassing market trend. The through Strategic Programmes Our idea behind project business also grew strongly with ‘Life@Nerolac’ was Central to our ethos is the strong belief that expansion in new towns.
In the report:
73out of 100
Equitytale Health Score
Solid

Healthier than 73% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 7–41 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
31

At close. Not part of the score.

Profitability & returns58

How much profit it earns on the money it employs

Balance sheet79

How much it owes, and whether earnings cover the interest

Cash quality80

Whether reported profit actually arrives as cash

Growth & consistency36

Whether sales and profit have grown, and how steadily

Valuation100

What today's price implies, against our models or its peers · highest in its sector on what we could measure

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 10% vs last year
Promoters hold 75%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in KANSAINER?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹184 -0.33%
latest close · 2026-09-17
1-year return
-55.9%
52-wk low ₹18152-wk high ₹450
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio16.1Average
LowAverageHigh
P/B ratio2.22Moderate
Below bookModerateHigh
EV / EBITDA9.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.8%Fair
WeakFairStrong ▸15%
Return on capital18.2%Strong
WeakFairStrong
Net margin9.8%Decent
ThinDecentStrong
EBITDA margin16.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover40.0×Strong
RiskyOkayStrong ▸5×
Current ratio3.48Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹14,896 cr
Book value
₹83
EPS
₹2.86
latest quarter
Net debt
₹-114 cr
more cash than debt
Enterprise value
₹14,782 cr
EBITDA
₹1,533 cr
annualised
EBIT
₹1,282 cr
annualised
Operating margin
13.5%
Return on assets
10.6%
Earnings yield
6.21%
P/S
1.57
Sales / share
₹117.4
Tax rate
26.9%
Face value
₹1
Shares
80.9 cr
Working capital
₹4,117 cr
Current assets
₹5,774 cr
Current liabilities
₹1,657 cr
Delivery %
58.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2024 report & filings
not investment advice
Priced about rightHigh confidence
Median of 3 models ₹165 vs market price ₹184 — price is 11% above it
Safety cushion-11.4%(target ≥ +20%)
Models span ₹124₹229, midpoint ₹165
Model ₹165
Price ₹184
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,374 cr
Other Income₹55 cr
Total Income₹2,429 cr
Cost of Materials₹1,516 cr
Purchases of Stock-in-Trade₹144 cr
Inventory Change (±)₹-117 cr
Employee Benefit Expense₹138 cr
Finance Costs₹8 cr
Depreciation & Amortisation₹63 cr
Other Expenses₹363 cr
Total Expenses₹2,116 cr
Profit before Tax₹312 cr
Tax Expense₹84 cr
Net Profit₹228 cr
Net margin on total income9.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,544 cr63.6%
Employee benefit expense₹138 cr5.7%
Finance costs₹8 cr0.3%
Depreciation & amortisation₹63 cr2.6%
Other expenses₹363 cr15.0%
Tax expense₹84 cr3.5%
Profit for the period₹228 cr9.4%
Total income ₹2,429 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,982 cr1,954 cr2,374 cr
Total income2,017 cr1,983 cr2,429 cr
Expenses1,811 cr1,807 cr2,116 cr
Profit before tax161 cr158 cr312 cr
Tax44 cr49 cr84 cr
Net profit (owners' share)121 cr112 cr232 cr
Net margin (owners' share, on revenue)6.1%5.7%9.8%
EPS (₹)1.501.392.86
YoY (latest quarter): total income +9.7% · net profit +4.8%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹8,711 cr
Shareholder equity
₹6,714 cr
parent shareholders
Total debt
₹83 cr
Cash
₹197 cr
Cash flow · H1 FY26
Operating
₹202 cr
Investing
₹238 cr
Financing
₹-366 cr
Peer comparison
Paints · by market value
CompanyPriceMarket capP/E
Asian Paints Limited₹2,454₹2.35 L cr38.2
Berger Paints (I) Limited₹449₹52,307 cr32.3
Kansai Nerolac Paints Limitedthis company₹184₹14,896 cr16.1
JSW Dulux Limited₹3,074₹13,999 cr43.9
Indigo Paints Limited₹1,099₹5,239 cr31.4
Sirca Paints India Limited₹407₹2,309 cr35.7
Shalimar Paints Limited₹81₹675 cr
Kamdhenu Ventures Limited₹4₹143 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.36%
trailing 12 months
Dividend / share (TTM)
₹2.5
Last dividend
₹2.5
ex 29 Jun 2026
ActionDetailEx-date
Dividend₹2.5 / share29 Jun 2026
Dividend₹2.5 / share23 Jun 2025
Dividend₹1.25 / share23 Jun 2025
Dividend₹2.5 / share21 Jun 2024
Dividend₹1.25 / share21 Jun 2024
Bonus issue2:14 Jul 2023
Who owns it · 2026-06-30
No pledge
Promoter
75.0%
FII / Foreign
4.0%
DII / Domestic
11.9%
Retail / others
9.1%
Smart-money activity
Insider trades
BoughtKANSAI PAINT COMPANY LIMITED · Promoters8.50 L · ₹27.3 cr16 Nov 16
BoughtKANSAI PAINT COMPANY LIMITED · Promoters25,000 · ₹92.8 L10 Nov 16
BoughtKANSAI PAINT COMPANY LIMITED · Promoters10.75 L · ₹39.1 cr9 Nov 16
Bulk / block deals
short · NSE11025 Aug 26
short · NSE88515 Jun 26
short · NSE25524 Mar 26
Stake changes
SoldAberdeen Asset Management Asia Ltd, on behalf of funds advised / managed→ 3.05% · 1.20 L3 Oct 17
SoldAberdeen Asset Management Asia Ltd, on behalf of funds advised / managed.→ 3.05% · 1.20 L3 Oct 17
BoughtKansai Paint Co., Ltd. · promoter→ 73.83% · 1.37 cr6 May 16
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Court Convened Meeting · 27 Feb 2026
See the official result
1
Approval for Scheme of Amalgamation of Nerofix Private Limited (Transferor Company) with Kansai Nerolac paints Limited (Transferee Company) under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
Backed by 100% of shareholders other than promotersneeded 75%
9.31 cr votes for, 5,417 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 75.0% between them · as of 2026-06-30
Kansai Paint Company Limited74.96%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.