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INFY

Kansai Nerolac Paints Ltd..

₹594.85
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Investment Ratings

As per analysts rating in the last 6 months, the recommendation is to HOLD Kansai Nerolac

  • Master Rating:
  • Kansai Nerolac Paints has an operating revenue of Rs. 6,074.52 Cr. on a trailing 12-month basis. An annual revenue de-growth of -4% needs improvement, Pre-tax margin of 14% is healthy, ROE of 13% is good. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading close to its key moving averages, around 0% and 1% from 50DMA and 200DMA. It needs to stay above these levels to make any further meaningful move. It is currently FORMING a base in its weekly chart and is trading around 11% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 51 which is a POOR score indicating inconsistency in earnings, a RS Rating of 25 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 134 indicates it belongs to a poor industry group of Chemicals-Paints and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Kansai Nerolac Paints Ltd Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Ratings

Eps And Sales Estimates

Kansai Nerolac Paints Ltd Synopsis

NSE-Chemicals-Paints

Kansai Nerolac Paint is involved in the business activities of Manufacture of paints and varnishes, enamels or lacquers. Company’s Total Operating Revenue is Rs. 4690.00 Cr. and Equity Capital is Rs. 53.89 Cr. for the Year ended 31/03/2021. Kansai Nerolac Paints Ltd. is a Public Limited Listed company incorporated on 02/09/1920 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L24202MH1920PLC000825 and registration number is 000825.
  • Market Cap

    INR 31,957.96 Cr

  • Sales

    INR 5,625.79 Cr

  • Shares in Float

    13.47 Cr

  • No of Funds

    145 K

  • Yield

    0.54%

  • Book Value

    7.92

  • U/D Vol Ratio

    1.1

  • LTDebt/Equity

    %

  • Alpha

    -0.04

  • Beta

    0.75

Kansai Nerolac Paints Ltd Ownership
Kansai Nerolac Paints Ltd Management

Kansai Nerolac Paints Ltd Financials

INDICATORMar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Total ShareHolders Funds Annual Cr 4080.933786.873424.473125.122805.32
Fixed Assets Annual Cr 1931.941873.071630.61349.671088.72
Total Non Current Assets Annual Cr 2315.332329.072143.751537.231242.7
Total Current Assets Annual Cr 2893.792263.372162.172530.632354.66
Total Assets Annual Cr 5209.124592.444305.924067.863597.36
INDICATORMar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Book Value Per Share Annual Rs 75.72770.270363.545557.990752.0564
ROE Annual % 13.0114.1313.6416.5218.03
ROCE Annual % 17.2717.5620.1924.4526.16
Total Debt to Total Equity Annual -----
EBDIT Annual Margin % 18.5816.3515.5318.7920.72

Kansai Nerolac Paints Ltd Technicals

EMA & SMA

CURRENT PRICE

594.85 (-0.85)

    • Bullish Moving Averages 11
    • Bearish Moving Averages 5

EMA

  • 20 Day

    590.66

  • 50 Day

    595.26

  • 100 Day

    597.87

  • 200 Day

    591.47

Kansai Nerolac Paints Ltd Resistance and support

598.25 PIVOT

  • First Resistance

    606.5

  • Second Resistance

    613.05

  • Third Resistance

    621.3

  • First Support

    591.71

  • Second Support

    583.46

  • Third Support

    576.9

  • RSI

    53.71

  • MFI

    77.95

  • MACD

    0.17

  • MACD signal line

    -0.71

Kansai Nerolac Paints Ltd Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 122,648 5,823,327 47.48%
Week 824,206 59,804,387 72.56%
1 Month 600,895 43,306,517 72.07%
6 Month 398,013 26,336,544 66.17%

Kansai Nerolac Paints Ltd Price change analysis

25.95

Over 1 month

Low High
550 629.9

-24.6

Over 3 month

Low High
521.75 675

13

Over 6 months

Low High
521.75 675

53.2

Over Year

Low High
521.35 680

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News

Kansai Nerolac Paints Ltd - 500165 - Compliances-Reg. 39 (3)

TSR Darashaw Consultants Private Limited, our Registrar and Share Transfer agent, vide their letter dated 30th November, 2021, have informed Read More

KANSAI NEROLAC PAINTS LTD. - 500165 - Disclosure With Respec

The Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and six months ended 30th September, 2021 were ap Read More

Kansai Nerolac stock likely to lag peers for some more quart

Kansai faced challenges in passing higher raw material prices in the industrial segment due to lower demand from the automotive sector. Inve Read More

Mold-Tek Q2 PAT up 30 per cent

The company inaugurated its 11th plant at Unnao in UP recently mainly to cater to the plastic packaging requirements of Kansai Nerolac Paint Read More

KANSAI NEROLAC PAINTS LTD. - 500165 - Announcement under Reg

This refers to the intimation done by the Company on 22nd October, 2021 with regard to the conference call to be hosted by the Management of Read More

Blogs

FAQs

What does Kansai Nerolac Paints Ltd do?

Kansai Nerolac Paints Ltd. (KNPL) is a coating company. The Company is engaged in the manufacture of paints. The Companys products include decorative paints, high performance coatings, automotive coatings, general industrial coatings and specialty coatings

What products do Kansai Nerolac Paints Ltd offer ?

 It offers a range of products to auto makers, including pretreatment chemicals, electro deposition primers, intermediate coats/primer surfacers, solid and metallic top coats, clear coats and touch-up paints. It offers high performance coatings products to industries, such as power, petroleum/petrochemical, infrastructure, floor coating, and offshore

What is Kansai Nerolac Paints Ltd's target for FY2022?

We are cutting our FY22/23/24 EPS estimates by 8.4%/5.7%/5.7% mainly due to 1) Increased pressure on GRM’s due to significant input cost inflation and 2) semiconductor shortage led impact on auto sales may last upto 1 year. We are reducing our Gross margin estimate by 260bps in FY22 with gradual restoration in FY23/24. We expect higher price increases in 3QFY22 and gradual recovery in margins from 4QFY22, although it may take a couple of quarters for margins to come to normal range of 15-17%. We continue to remain positive on the long term story led by 1) steady growth in Decorative paints demand on account of shift towards organized sector, housing push in Tier2/3 cities and shorter painting cycle, 2) Distribution expansion of 5-10% expected every year 3) Increased contribution from newly launched differentiated products 4) Gradual recovery in auto paints

What is Kansai Nerolac Paints Ltd's outlook?

They estimate PAT CAGR of 20.9% over FY21-24 and value the stock at 42x sept23 EPS assigning a TP of Rs651 (Rs661 earlier). Recovery in margins and Auto sales can re-rate the stock from current levels of 36.7xSept23 EPS. However, Kansai needs higher volume growth in decorative paints to bridge the valuation gap (45% discount APNT on FY24 EPS) with APNT