KANSAINER

Kansai Nerolac Paints Share PriceKansai Nerolac Paints

₹414.15
-0.9 (-0.22%)
As on 08 February, 2023 | 09:21 BSE: 500165 NSE: KANSAINER

Kansai Nerolac Paints Performance

Day Range

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52 Week Range

  • Low
  • High
  • Open Price
  • Previous Close
  • Volume

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Kansai Nerolac Paints Share Price

  • Over 1 Month -1.25%
  • Over 3 Month -8.6%
  • Over 6 Month -17.41%
  • Over 1 Year -22.49%

Kansai Nerolac Paints Key Statistics

P/E Ratio 55.2
PEG Ratio -4.7
Market Cap Cr 22,319
Price to Book Ratio 5.4
EPS 6.9
Dividend 0.2
Relative Strength Index 46.8
Money Flow Index 35.33
MACD Signal -4.3
Average True Range 11.24

Kansai Nerolac Paints Investment Rating

  • Master Rating:
  • Kansai Nerolac Paints has an operating revenue of Rs. 7,345.74 Cr. on a trailing 12-month basis. An annual revenue growth of 25% is outstanding, Pre-tax margin of 7% is okay, ROE of 8% is fair but needs improvement. 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 below to its key moving averages. It needs to take out these levels and stay above it to make any meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 53 which is a POOR score indicating inconsistency in earnings, a RS Rating of 31 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at C which is evident from recent supply seen, Group Rank of 149 indicates it belongs to a poor industry group of Chemicals-Paints and a Master Score of D is close to being the worst. 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 Financials
IndicatorDec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 1,7171,8141,9451,413
Operating Expenses Qtr Cr 1,5291,6171,6891,330
Operating Profit Qtr Cr 18919725683
Depreciation Qtr Cr 42413939
Interest Qtr Cr 2223
Tax Qtr Cr 40405613
Net Profit Qtr Cr 11211716325

Kansai Nerolac Paints Technicals

EMA & SMA

Current Price
₹414.15
-0.9 (-0.22%)
  • Bullish Moving Average
  • ___
  • 2
  • Bearish Moving Average
  • ___
  • 14
  • 20 Day
  • 416.53
  • 50 Day
  • 426.11
  • 100 Day
  • 437.61
  • 200 Day
  • 454.03
  • 20 Day
  • 413.93
  • 50 Day
  • 426.75
  • 100 Day
  • 447.45
  • 200 Day
  • 440.35

Kansai Nerolac Paints Resistance and Support

PIVOT
₹413.59
Resistance
First Resistance 418.12
Second Resistance 421.19
Third Resistance 425.72
RSI 46.8
MFI 35.33
MACD Single Line -4.3
MACD -3.09
Support
First Resistance 410.52
Second Resistance 405.99
Third Resistance 402.92

Kansai Nerolac Paints Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 84,282 5,185,029 61.52
Week 203,800 11,052,074 54.23
1 Month 210,971 14,329,124 67.92
6 Month 197,491 12,297,760 62.27

Kansai Nerolac Paints 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 22,368
Sales 6,889
Shares in Float 13.47
No of funds 180
Yield 0.24
Book Value 5.36
U/D Vol ratio 1.2
LTDebt / Equity
Alpha -0.07
Beta 0.52

Kansai Nerolac Paints

Owner NameDec-22Sep-22Jun-22Mar-22
Promoters 74.99%74.99%74.99%
Mutual Funds 5.7%5.6%5.9%
Insurance Companies 7.6%7.6%7.46%
Foreign Portfolio Investors 3.32%3.45%3.28%
Financial Institutions/ Banks
Individual Investors 7.2%7.09%7.15%
Others 1.19%1.27%1.22%

Kansai Nerolac Paints Management

Name Designation
Mr. Pradip Panalal Shah Chairman & Ind.Director
Mr. Hitoshi Nishibayashi Non Executive Director
Mr. Shigeki Takahara Non Executive Director
Mr. Takashi Tomioka Non Executive Director
Mr. Noel Naval Tata Ind. Non-Executive Director
Ms. Sonia Singh Ind. Non-Executive Director

Kansai Nerolac Paints Forecast

Price Estimates

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

Other Analyst Rating

Kansai Nerolac Paints MF Shareholding

Name Amount(cr)
Aditya Birla Sun Life Flexi Cap Fund Growth 16192
Canara Robeco Emerging Equities Growth 15501
Nippon India Multi Cap Fund - Growth 14160
Aditya Birla Sun Life Tax Relief 96 Pyt of Inc Dis cum Cap Wdrl 13728
DSP Midcap Fund Growth 13699

Kansai Nerolac Paints FAQs

What is Share Price of Kansai Nerolac Paints ?

Kansai Nerolac Paints share price is ₹414 As on 08 February, 2023 | 09:07

What is the Market Cap of Kansai Nerolac Paints ?

The Market Cap of Kansai Nerolac Paints is ₹22319.4 Cr As on 08 February, 2023 | 09:07

What is the P/E ratio of Kansai Nerolac Paints ?

The P/E ratio of Kansai Nerolac Paints is 55.2 As on 08 February, 2023 | 09:07

What is the PB ratio of Kansai Nerolac Paints ?

The PB ratio of Kansai Nerolac Paints is 5.4 As on 08 February, 2023 | 09:07

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

Q2FY23