Kansai Nerolac Paints Share Price

Mumbai-headquartered Kansai Nerolac Paints Limited (KNPL), a subsidiary of Japanese multinational Kansai Paint Co. Ltd. It is India's second-largest paints company and the market leader in the industrial coatings segment.

The company’s annual manufacturing capacity stood at 606 million litres in FY23. Over the years, KNPL has expanded its footprint to Sri Lanka, Nepal and Bangladesh, through its subsidiaries. It also has a domestic subsidiary named Nerofix.

The company began its journey in 1920 when it was incorporated as Gahagan Paints and Varnish Company Limited. The company set up a factory at Lower Parel in Mumbai. In 1933, Lead Industries Group acquired the entire stake of the company, and it was renamed Goodlass Wall (India) Ltd.

The company was renamed Goodlass Wall Pvt Ltd in 1946 and then Goodlass Nerolac Paints (GNP) Ltd in 1957 when it also went public.

In 1976, GNP Ltd. became a part of the Tata Forbes Group with Forbes Gokak acquiring a part of its foreign shareholdings. The company bolstered its strength in 1983 through technical collaborations with Kansai Paint Co. Ltd and Nihon Tokushu Toryo Co. Ltd, Japan.

In 1986, GNP became a joint venture of Tata Forbes and Kansai Paint Co. Ltd, with the Japanese multinational picking up a 36% stake held till then by the UK Partner Cookson.

Kansai Paint took over GNP in 2000 by acquiring the entire stake of Tata Forbes group. In 2006, the company’s name was changed to Kansai Nerolac Paints Ltd.

KNPL started looking beyond India in the next decade as it acquired Nepal’s Nepal Shalimar Paints Pvt. Ltd. In 2012, it tied up with Sri Lanka’s Capital Holdings Maharaja Pvt. Ltd, and acquired RAK Paints, Bangladesh, in 2018.

The market capitalisation of Kansai Nerolac Ltd stood at nearly ₹ 25,000 crore, as of February 13, 2024. Kansai Nerolac share price has dropped nearly 20% in the last three years.

Kansai Nerolac Paints Limited business operations

KNPL is engaged in the decorative, industrial, automotive, liquid and powder coating business. It also deals in wood finish, construction chemicals, adhesives and auto refinish paints.

The company has propelled its business growth by launching a wide range of new products based on technological inputs, and by following the traditional route of mergers and acquisitions. It has also been foraying into new segments and entering into strategic collaborations targeted at specific businesses and products.

KNPL has eight manufacturing facilities in India. The plants are located in Giondwal Sahib (Punjab), Jainpur (Uttar Pradesh), Bawal (Haryana), Lote (Maharashtra), Sayakha and Sarigam (Gujarat), Kakoda (Goa) and Hosur (Tamil Nadu). It has an upcoming plant in Visakhapatnam, Andhra Pradesh. KNPL has technical collaborations with Japan’s Cashew Tsusho for auto paint (plastic) and Oshima Kogyo for heat-resistant paint, Protect Oxyplast of Canada for powder coating and Altan Boya Sanayi of Turkey.

The company markets its products through a network of seven regional distribution centres and 103 depots across India. The company launched 64 new products and filed for two patents in FY23.

Financial highlights

• The company’s revenue from operations increased over 18% to ₹7542.73 crore in FY23 from ₹6369.35 crore in FY22.
• The company’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) was at ₹794 crore in FY23 with a year-on-year growth of 22.6%.
• The company made a total capital expenditure of ₹139.6 crore in FY23.
• Consolidated profit after tax (PAT) increased 36.5% year-on-year to ₹468.47 crore in FY23 compared to ₹343.15 crore in FY22.
• The company's earnings per share (EPS) increased to ₹8.79 in FY23 as against ₹6.66 in FY22.

Kansai Nerolac Paints Share Price Today

As of 17 Jan 2026, Kansai Nerolac Paints share price is ₹231.43. The stock opened at ₹236.50, compared to its previous close of ₹236.55. During today's trading session, Kansai Nerolac Paints share price moved in the range of ₹230.50 to ₹236.50, with an average price of ₹233.50 for the day. Looking at its last 52-week, the stock has touched a low of ₹230.50 and a high of ₹236.50.

The market capitalization of Kansai Nerolac Paints is ₹1,870 Crs, with a P/E ratio of 18.4 and a dividend yield of 1.61%.