āagman

Not investment advice. Data and computed figures, for information only.

Kansai Nerolac Paints Ltd

NSE: KANSAINER
₹178.99
−₹0.29 (−0.16%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹14,664 Cr
CMP
₹178.99
52-wk High / Low
₹264 / 158
P/E
22.7
P/B
2.2
Book Value
₹83.0
Div Yield
1.38%
ROCE
12.0%
ROE
8.8%
Face Value
₹1
D/E
0.05

Price−27.7% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹117
√(22.5 × EPS × book value per share)
ROIC
7.7%
vs 12.3% sector median
Cash flow to profit
1.55
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−20
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
6.1%
ROE × earnings retention ratio
ROE stability
5.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.42DII −0.02
Latest quarter vs the previous one
Cash-accrual divergence
−3.8%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 0.1pp over the last year
+PE of 22.7x is below the sector median of 38.5x
Watch-outs
−Latest ROCE of 12% trails the sector median of 19%
−Borrowings are up 558.7% since FY2016 (46 to 303)
−Price trades below its 200-day moving average (0.9x)
−Price is 32.2% below its 52-week high

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,1571,9571,9191,7692,1331,9511,9221,8172,1621,9541,9821,9542,374
Expenses1,8251,6831,6751,5901,8031,7391,6871,6511,8591,7391,7421,7372,045
Operating Profit332273244179330212235166303215240216328
OPM %15.4%13.9%12.7%10.1%15.5%10.9%12.2%9.1%14.0%11.0%12.1%11.1%13.8%
Other Income6782220333427671375328−101155
Interest7877779878988
Depreciation47474848484953525354606163
Profit before tax956240208157308183844144295182161158312
Net Profit734175152114225120662102216133117110228
EPS (₹)9.132.191.911.442.861.528.421.342.731.671.501.392.86

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,5053,7674,0534,6585,4245,2805,0746,3697,5437,8017,8238,0528,263
Expenses3,0543,1823,3153,8644,6724,4764,2115,7206,7256,7746,8817,0777,264
Operating Profit4515857377947538048636498181,0289429751,000
OPM %12.9%15.5%18.2%17.0%13.9%15.2%17.0%10.2%10.8%13.2%12.0%12.1%12.1%
Other Income22563987161263825267537698385
Interest1001102124292929313233
Depreciation68687077106142165170180190202228238
Profit before tax4041,0797657876976677124766351,5611,478797814
Net Profit2759025105144485165263434681,1761,109576589
EPS (₹)3.3911.156.296.365.606.446.554.445.8614.6614.147.297.42

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital545454545454545454818181—
Reserves1,5482,4562,7613,0783,3623,7063,9994,0784,4805,5026,3426,633—
Borrowings51462935108242173203160276296303—
Other Liabilities7206857939629948811,3071,3741,6131,5511,4971,695—
Total Liabilities2,3733,2403,6364,1304,5184,8845,5335,7096,3067,4108,2178,711—
Fixed Assets9169379571,0361,4651,9061,9121,9962,1082,1822,2462,404—
CWIP4442154346316169207225113153226175—
Investments2085395315211973066692115011,3271,8502,365—
Other Assets1,2051,7221,9932,2282,5402,5022,7453,2783,5843,7483,8953,767—
Total Assets2,3733,2403,6364,1304,5184,8845,5335,7096,3067,4108,2178,711—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity30539235136010059564625408903672894
Cash from Investing Activity−239144−557−16289−375−453250−227−590−379−383
Cash from Financing Activity−87−92−216−192−223−141−274−309−133−249−366−403
Net Cash Flow−21444−4226−3479−81−354964−72108

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %25.025.026.025.020.018.017.011.014.017.013.012.0
ROE %———————————8.8
EPS (₹)3.3911.156.296.365.606.446.554.445.8614.6614.147.29
Book Value (₹)———————————83.0
Face Value (₹)———————————1
P/E———————————22.7
Div Yield %———————————1.38
NPM %7.820.812.310.98.29.710.35.46.213.712.97.1
OPM %13.016.018.017.014.015.017.010.011.013.012.012.0
D/E0.030.020.010.010.030.060.040.050.040.050.050.05
P/B———————————2.2

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+8.0%
5 years+10.0%
3 years+2.0%
TTM+5.0%
Compounded profit growth
10 years+2.0%
5 years+2.0%
3 years+7.0%
TTM+1.0%
Stock price CAGR
10 years−3.0%
5 years−15.0%
3 years−17.0%
Last year−27.0%
Return on equity
10 years12.0%
5 years10.0%
3 years11.0%
Last year9.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.98%74.96%74.96%
FIIs7.28%7.28%6.18%4.65%3.93%3.73%3.55%3.88%4.72%5.30%3.60%4.02%
DIIs7.31%7.31%9.42%10.71%12.01%12.86%13.20%12.82%11.61%10.10%11.90%11.88%
Government————————————
Public10.42%10.42%9.41%9.65%9.07%8.42%8.26%8.31%8.68%9.61%9.53%9.14%
No. of shareholders42,33142,33143,33052,37552,15258,03376,90983,7611,14,0081,63,2701,50,7611,45,779
Change since Jun 2023 (pp)
Promoters −0.03FIIs −3.26DIIs +4.57Public −1.28

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Scheme of ArrangementClosure of Trading WindowBoard Meeting Intimation for For Board Meeting Of Board Of Kansai Nerolac Paints Limited To Be Held On Wednesday, 4Th November, 2026.Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSIntimation Under Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 And Other Relevant SEBI Circulars.
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMar 2026TranscriptMar 2026PPTFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 29 Jun 2026
29 Jun 2026DIVIDENDDividend - Rs 2.50 Per Share—
23 Jun 2025DIVIDENDDividend - Rs 2.50 Per Share/Special Dividend - 1.25 Per Share—
21 Jun 2024DIVIDENDAnnual General Meeting/Special Dividend - Rs 1.25 Per Share/ Dividend - Rs 2.50 Per Share—
4 Jul 2023BONUSBonus 1:2—
25 May 2023DIVIDENDAnnual General Meeting/Dividend - Rs 2.70 Per Share—
8 Jun 2022DIVIDENDAnnual General Meeting/Dividend - Re 1 Per Share—
8 Nov 2021DIVIDEND Interim Dividend - Rs 1.25 Per Share—
17 Jun 2021DIVIDEND Annual General Meeting/Dividend - Rs 2 Per Share/Special Dividend - Rs 2 Per Share—
12 Nov 2020DIVIDEND Interim Dividend - Rs 1.25 Per Share—
12 Jun 2020DIVIDEND Annual General Meeting/Dividend - Rs 3.15 Per Share—
13 Jun 2019DIVIDEND Annual General Meeting/Dividend - Rs 2.60 Per Share—
13 Jun 2018DIVIDEND Annual General Meeting / Dividend - Rs 2.60 Per Share—
13 Jun 2017DIVIDEND Annual General Meeting/Final Dividend Rs 2.50 + Special Dividend Re 0.50 Per Share—
14 Jun 2016DIVIDEND Annual General Meeting/Final Dividend Rs 1.80/- + Special Dividend Rs 1.25/- Per Share—
26 Jun 2015DIVIDENDAnnual General Meeting/Dividend-Re 1.40/- Per Share (Book Closure Start Date Revised)—
26 Mar 2015SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share10 : 1
11 Jun 2014DIVIDENDAnnual General Meeting / Final Dividend - Rs 11/- Per Share—
7 Jun 2013DIVIDENDAnnual General Meeting And Dividend Rs.11/- Per Share—
8 Jun 2012DIVIDENDAnnual General Meeting And Dividend Rs.11/- Per Share—
23 Jun 2010BONUSBonus 1:1—
12 May 2010DIVIDENDAnnual General Meeting And Dividend Rs.15/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman