1. Kansai Nerolac Paints
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59% Buy

Kansai Nerolac Paints Share Price

KANSAINER

₹278.10-₹1.25 (-0.45%) TodayLast updated on 12 Jul, 2024 | 03:50 PM IST
₹277.40₹281.80
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Company overview

Financial performance

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Market cap

Market Cap Switch₹22,481 Crs

Open

₹280.25

Close

₹279.35

Circuit range

₹333.70 - ₹222.50

Day range

₹277.40 - ₹281.80

Year range

₹251.85 - ₹357.30

Volume

4,99,807

Avg. traded

₹279.72

Revenue (12m)

₹7,801 Crs

Kansai Nerolac Paints

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 Key indicators

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52 week high

₹357.30

52 week low

₹251.85

P/E ratio

23.95

P/B ratio

4.04

ROE

23.1%

ROCE

30.76%

Dividend yield

1.35%

Debt/Equity ratio

EPS

14.63

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Investment checklist: (2/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

59%

Hold

12%

Sell

29%

This analysis is based on the reviews of 17 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

13.58%

Net profit margin

14.39%

ROE

23.1%

ROA

17.79%

ROCE

30.76%

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Kansai Nerolac Paints Shareholder returns

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1 day

-1.06%

1 week

+3.75%

1 month

-1.10%

3 months

-0.46%

1 year

-8.48%

3 years

-30.48%

5 years

-1.02%

Kansai Nerolac Paints Share Price history

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DayOpenCloseDay’s change
Fri, Jul 12 2024
₹280.25
₹278.10
-0.45%
Thu, Jul 11 2024
₹286.00
₹279.35
-1.06%
Wed, Jul 10 2024
₹273.80
₹282.35
+3.33%
Tue, Jul 9 2024
₹271.80
₹273.25
+1.04%
Mon, Jul 8 2024
₹268.60
₹270.45
+1.31%
Fri, Jul 5 2024
₹270.80
₹266.95
-0.85%
Thu, Jul 4 2024
₹270.85
₹269.25
+0.47%
Wed, Jul 3 2024
₹271.75
₹268.00
-0.67%

Shareholding info

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Promoters (74.99%)

Mutual Funds (3.41%)

Retail and other (8.68%)

Foreign institutions-FII (4.72%)

Other domestic institutions (8.19%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹1.25/share

    Ex date 21 Jun 2024

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  • Dividend • ₹2.5/share

    Ex date 21 Jun 2024

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  • Bonus • 1:2

    Ex date 04 Jul 2023

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  • Dividend • ₹2.7/share

    Ex date 25 May 2023

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  • Dividend • ₹1/share

    Ex date 08 Jun 2022

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  • Dividend • ₹1.25/share

    Ex date 08 Nov 2021

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Frequently asked questions