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Kansai Nerolac Paints Ltd Share Price

₹404.85

Score

37

Technically Neutral

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Kansai Nerolac Paints Share Price - 1 Year Trend

Kansai Nerolac Paints Price Change Analysis

Kansai Nerolac Paints Key Statistics
  • P/E Ratio

    57

  • PEG Ratio

    -1.9

  • Market Cap Cr

    21818.2

  • Price to Book Ratio

    77.4

  • EPS

    7.1

  • Dividend

    225 ()

  • Relative Strength Index

    32.61

  • Money Flow Index

    29.81

  • MACD Signal

    -15.17

  • Average True Range

    12.92

Investment Ratings

  • Master Rating:

EPS Strength

Price Strength

Buyer Demand

Group Rank

Result Highlights

Kansai Nerolac Paints 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. 5948.90 Cr. and Equity Capital is Rs. 53.89 Cr. for the Year ended 31/03/2022. 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

    21,818.18

  • Sales

    5,928.46

  • Shares in Float

    13.47

  • No of Funds

    157

  • Yield

    0.56

  • Book Value

    5.23

  • U/D Vol Ratio

    0.8

  • LTDebt/Equity

  • Alpha

    -0.14

  • Beta

    0.41

Kansai Nerolac Paints Ownership
Kansai Nerolac Paints Management

Kansai Nerolac Paints Forecast

Price Estimates

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

Other Analyst Rating

Eps And Sales Estimates

Kansai Nerolac Paints Financials

Kansai Nerolac Paints Technicals

EMA & SMA

CURRENT PRICE

EMA

Kansai Nerolac Paints Resistance and Support

Kansai Nerolac Paints Delivery and Volume

Kansai Nerolac Paints Price Change Analysis

Corporate Action

MF Shareholding

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About Company

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FAQs

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

 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

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

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

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