Kansai Nerolac Paints Ltd

500165

Summary

Fair Value Assessment
Undervalued (14% Discount)
Fair ValueQ268.65UncertaintyHigh
Close Price230.70Feb 27, 2025
225.15
Price Down by 5.55 | 2.41 %
Previous Close
230.70
Day Range
223.80 – 229.95
Year Range
223.80 – 320.65
Bid / Ask
224.15 × 224.85
Market Cap
182.0 Bil
Volume / Average
3.2 k / 22.1 k
Beta (5-Year)
0.93
Shares Outstanding
808.44 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Kansai Nerolac Paints Ltd (or KNPL) is a paint company headquartered in India. KNPL operates through its paint business to provide various products and solutions in industrial and decorative coatings. KNPL’s decorative coating solutions are used by customers in segments such as adhesives, wood, and construction chemicals. KNPL’s industrial coatings include automotive, general industrial, powder, and high-performance. The company’s industrial coating products and services are applied to vehicles, electrical and agricultural equipment, refrigerators, and railways, among others. KNPL has operations in India, Nepal, Sri Lanka, and Bangladesh, and the majority of its revenue is generated in India.
Contact
N. M. Joshi Marg 28th Floor, A-wing, Marathon Futurex, Mumbai, MH 400013
T +91 2240602500
www.nerolac.com opens in a new tab
Sector
Basic Materials
Industry
Specialty Chemicals
Most Recent Earnings
Dec 31, 2024
Fiscal Year End
Mar 31, 2025
Employees
3,784

Key Metrics

Income Statement (in Bil, except ratios)
12/31/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Revenue
77.43 77.68 75.05 62.82 50.58 52.64
Revenue Growth %
0.19% 3.51% 19.46% 24.62% -3.92% -2.65%
Gross Profit
26.63 26.87 22.08 18.25 18.87 19.76
Gross Profit Margin %
34.40% 34.59% 29.42% 29.06% 37.32% 37.54%
Operating Income
7.58 8.37 6.38 4.80 6.98 6.62
Operating Margin %
9.78% 10.78% 8.50% 7.63% 13.80% 12.58%
EBIT
15.17 15.86 6.61 5.02 7.30 6.85
EBIT Margin %
19.60% 20.42% 8.81% 7.98% 14.43% 13.01%
EBITDA
17.15 17.76 8.41 6.71 8.95 8.27
EBITDA Margin %
22.15% 22.87% 11.21% 10.69% 17.70% 15.71%
Net Income
11.51 11.85 4.74 3.59 5.30 5.21
Net Profit Margin %
14.48% 15.14% 6.24% 5.46% 10.39% 9.80%
Basic EPS
14.23 14.66 5.86 4.44 6.55 6.45
Diluted EPS
14.21 14.65 5.85 4.44 6.55 6.45
Normalized EPS
8.62 8.78 5.74 4.26 6.30 6.22
Total Dividends per Share
3.75 1.80 0.67 3.50 2.93 1.73
Balance Sheet (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Total Assets
76.99 74.10 63.06 57.09 55.33 48.84
Total Liabilities
20.47 18.11 17.46 15.58 14.44 11.02
Total Debt
2.92 2.76 2.87 3.19 2.69 2.42
Total Equity
56.52 55.99 45.60 41.52 40.89 37.82
Cash And Cash Equivalents
0.83 1.72 1.05 0.77 1.03 1.80
Working Capital
31.26 32.28 22.96 19.04 19.37 15.71
Shares Outstanding (Bil)
0.81 0.81 0.81
Book Value Per Share
68.86 56.04 51.12 50.14 46.52
Total Debt To Equity
0.05 0.05 0.06 0.08 0.07 0.06
Cash Flow Statement (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Cash From Operating Activities
8.41 9.03 4.08 0.25 6.46 5.95
Cash From Investing Activities
-4.59 -5.90 -2.27 2.50 -4.53 -3.76
Cash From Financing Activities
-3.95 -2.49 -1.33 -3.09 -2.74 -1.41
Capital Expenditures
2.37 1.23 2.19 1.04 2.42
Free Cash Flow
5.67 5.02 2.13 6.05 3.94
Change in Cash
-0.13 0.64 0.49 -0.35 -0.81 0.78

Profile

Name (Age)
5-Year Trend
2021
2022
2023
2024
2025
Anuj Jain (55) Director and Managing Director
Total Compensation for all Key Executives
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
ICICI Pru Life-Maximiser V 1.07 0.39 8,678,758
174,052
2.05%
Jan 31, 2025
Nippon India Multi Cap Gr 0.89 0.45 7,178,898
2,443,033
51.59%
Jan 31, 2025
FSSA Indian Subcontinent II USD Acc 0.62 2.59 4,996,972
Dec 31, 2024
Scottish Oriental Smaller Cos Ord 0.57 3.13 4,569,697
Oct 31, 2024
Vanguard Total Intl Stock Index Inv 0.35 0.00 2,821,755
Jan 31, 2025
Total (for Top 5) 3.49 28,246,080
2,617,085

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