Kansai Nerolac Paints
Kansai Nerolac Paints Performance
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52 Week Range
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Start SIP in Kansai Nerolac Paints
Start SIPKansai Nerolac Paints Investment Rating
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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
| Indicator | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 |
|---|---|---|---|---|
| Oper Rev Qtr Cr | 1,717 | 1,814 | 1,945 | 1,413 |
| Operating Expenses Qtr Cr | 1,529 | 1,617 | 1,689 | 1,330 |
| Operating Profit Qtr Cr | 189 | 197 | 256 | 83 |
| Depreciation Qtr Cr | 42 | 41 | 39 | 39 |
| Interest Qtr Cr | 2 | 2 | 2 | 3 |
| Tax Qtr Cr | 40 | 40 | 56 | 13 |
| Net Profit Qtr Cr | 112 | 117 | 163 | 25 |
Kansai Nerolac Paints Technicals
EMA & SMA
- 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
| 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 Name | Dec-22 | Sep-22 | Jun-22 | Mar-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
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