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Kansai Nerolac Paints Ltd share Price Today

Company details

275.45
280.85
249.10
357.30
6M Return -12.53%
1Y Return 11.08%
Mkt Cap.(Cr) 22,493.17
Volume 134,419
Div Yield 0.65%
OI
-
OI Chg %
-
Volume 134,419

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Demand recovery drives topline…
About The Stock

    Kansai Nerolac (KNL) is a global leader in industrial coatings (auto). However, in the last 10 years, it has increased its decorative paint mix to ~55% of its topline. Currently, KNL is the third largest decorative paint player in India.

    • Strong distribution network of ~28,000 dealers across the country
    • In the last three years, KNL has increased its total paint manufacturing capacity from 5.47 lakh KL to 6.06 lakh KL at a cumulative investment of ~₹ 543 crore
Q4FY23 Results

    Revenue growth supported by better demand across segments.

    • Revenue grew ~13% YoY to ~₹ 1734 crore on the back of improved demand and new product launches across decorative & industrial paints
    • Gross margin improved ~397 bps YoY supported by lower raw material prices and price hikes in industrial paints. As a result, the EBITDA margin improved 424 bps YoY) to 9.7%. This is still lower than its pre-Covid range of 12-13% due to higher advertisement expenditure
    • On a favourable base, PAT grew ~5x YoY to ₹ 96 crore tracking EBITDA margin expansion

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Research view on more stocks

Furniture-furnishing Paints company Kansai Nerolac Paints announced Q3FY24 & 9MFY24 results:

  • Q3FY24:
    • For the quarter, the company declared Net revenue of Rs 1,814.9 crore, a growth of 5.7% over the corresponding quarter of the previous year.
    • EBIDTA was at Rs 239.9 crore, a growth of 27.3% over the same quarter of the previous year.
    • PAT was at Rs 157.6 crore, a growth of 40.4% over the same quarter of the previous year.
  • 9MFY24:
    • For the nine months net revenue was Rs 5,731.6 crore, a growth of 4.7% over the same period of the previous year.
    • EBIDTA was at Rs 843.7 crore, a growth of 31.5% over the same period of the previous year.
    • PBT before exceptional items was at Rs 761.3 crore, a growth of 44.2% over the same period of the previous year.
    • PAT after exceptional items were at Rs 1,081.3 crore.

Commenting on the results, Anuj Jain, Managing Director, Kansai Nerolac Paints said, “The quarter saw good demand for Industrial coatings. Decorative demand was also good as it registered double-digit volume growth, driven by the festive season.

Raw material prices were stable despite volatility in crude. Gross margins improved over the corresponding quarter last year. Company continues to see traction as regards initiatives in the areas such as feet-on-street, digital, influencer outreach, new product launches, approvals, and projects.

Going forward with the election around the corner, rural demand is expected to pick up which should support overall volume demand in the near term. Given the evolving geo-political situation, raw material prices may experience volatility”.

 

Result PDF

View Other Company Results

Kansai Nerolac Paints Ltd shares SWOT Analysis

Strengths (7)

  • Rising Net Cash Flow and Cash from Operating activity
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company with Low Debt

Weakness (3)

  • MFs decreased their shareholding last quarter
  • Declining Revenue every quarter for the past 2 quarters
  • Declining profits every quarter for the past 2 quarters

Opportunity (1)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE

Threats (0)

Data not found

Resistance and support

R1 281.6
R2 284.8
R3 287.8
Pivot

278.57

S1 275.4
S2 272.4
S3 269.2
EMA SMA
277.1
286.2
297.9
304.2
276.1
283.9
308.3
315.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-25 479.65 250609 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-25 479.65 37252 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-25 479.65 250609 BSE
Name Category Shares
Kansai Paint Co., Ltd., Japan PROMOTER 74.99%

OUR RESEARCH VIEW

Investment recommendation
Demand recovery drives topline…
Call Date
10 May 2023
Entry Price 407.00
Target Price 440.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Kansai Nerolac Paints Ltd Stocks COMPARISON

Financials( in Cr) Kansai Nerolac Paints Ltd Asian Paints Ltd Berger Paints India Ltd Akzo Nobel India Ltd Indigo Paints Ltd
Price 278.25 2,847.80 503.00 2,437.25 1,325.70
% Change -0.09 -0.48 -0.53 -0.28 0.39
Mcap Cr 22,493.17 273,160.41 58,639.54 11,099.24 6,313.12
Revenue TTM Cr 8,520.70 34,488.59 10,567.84 3,802.10 1,073.33
Net Profit TTM Cr 468.47 4,195.33 860.40 335.10 131.94
PE TTM 34.36 50.31 52.12 26.93 44.14
1 Year Return 11.08 -1.73 1.61 6.55 14.74
ROCE 14.33 34.45 23.34 32.26 21.43
ROE 10.81 28.15 20.43 26.04 18.51
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,533.70 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,210.21 -2,288.40
LAST 3M 84,754.55 29,178.29
LAST 6M 143,739.62 78,000.86
LAST 12M 219,616.53 194,185.36

Kansai Nerolac Paints Ltd Information

Stock PE (TTM)
34.36
Promoter Holding
74.99%
Book Value
65.7249
ROCE
14.33%
ROE
10.81%
Description
  • Kansai Nerolac Paints Limited engaged in chemicals, decorative paints, and industrial finishing products coating which used on the finishing lines of electrical components, bus bodies, containers and has a market capitalization of Rs. 34,555.55 crores as of 25 August '2021. The company has reported its revenue income from operations of Rs. 1301.19 crores at the end of June 2021. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 500165 and scrip code KANSAINER. As of June 2021, the Kansai Nerolac Paints Limited was trading at Rs. 595.59 (NSE).

    Kansai Nerolac Paints Limited was established in 1920; it’s a subsidiary of Kansai Paint of Japan. Its Headquarters is in Mumbai, Maharashtra. Kansai Nerolac Paint is the largest industrial paint and third-largest decorative paint company in India. As of 2015, it has the third-largest market share, with 15.4% within the Indian paint industry. Nerolac has been the first company in India to have launched an anti-viral paint, Excel Virus Guard, with anti-viral properties. In yet another ground-breaking innovation, it launched Nerolac Excel Multi-Surface Protection Sheets made with Japanese Shiqui Technology. As a result, KNPL was able to post profitability of 17.8% for the year gone by. The company has 2889 number of permanent employees on a roll as of 31 March 2021. The Promoter & Promoter group holding in the company has remained constant since the previous year, i.e., 74.99%, rest of the stake by Mutual Funds (7.56%), alternate Investment funds (0.083%), foreign portfolio investors (3.72%), Financial Institutions/Banks (0.0014%), Insurance Companies (3.93%) and others (9.71%).

    Net Turnover was Rs. 4,690 in F.Y.2020-21, down 5.1% Rs. 4,943.2 in F.Y. 2019-20. EBIDTA Margin has changed by 6.17% as of March 2021 (Rs. 833.08 crores) compared to March 2020 (Rs. 781.6 crores). From an EPS of Rs. 0.79 in June 2020, the EPS of KNPL has improved and reached an EPS of Rs. 2.20 per share in June 2021. Kansai Nerolac Paints Limited stock traded at Rs. 626.04 on 24 August '2021 (NSE) and has returned 16.72% in the last six months (On 24 March '2021 stock market price Rs. 521.35) and 54.53% in the last year.

Registered Address

Nerolac House Post Box-16322, Ganpatrao Kadam Mrg LowerParel, Mumbai, Maharashtra, 400013

Tel : 91-22-24934001
Email : investor:nerolac.com
Website : http://www.nerolac.com
Registrar

TSR Consultants P Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500165
NSE Code : KANSAINER
Book Closure Date (Month) : May
BSE Group : A
ISIN : INE531A01024

FAQ’s on Kansai Nerolac Paints Ltd Shares

You can buy Kansai Nerolac Paints Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Kansai Nerolac Paints Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Apr 26, 2024 02:39 PM the closing price of Kansai Nerolac Paints Ltd was ₹ 278.25.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Apr 26, 2024 02:39 PM, the market cap of Kansai Nerolac Paints Ltd stood at ₹ 22,493.17.

The latest PE ratio of Kansai Nerolac Paints Ltd as of Apr 26, 2024 02:39 PM is 34.36

The latest PB ratio of Kansai Nerolac Paints Ltd as of Apr 26, 2024 02:39 PM is 0.24

The 52-week high of Kansai Nerolac Paints Ltd share price is ₹ 357.30 while the 52-week low is ₹ 249.10

According to analyst recommendations, Kansai Nerolac Paints Ltd Share has a “Buy” rating for the long term.

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