Kansai Nerolac Paints Ltd.

NSE: KANSAINER BSE: 500165 SECTOR: Paints  65k   336   78

417.00
+3.35 (0.81%)
NSE: Today, 09:54 AM

Price Summary

Today's High

₹ 417.75

Today's Low

₹ 414.4

52 Week High

₹ 535.9

52 Week Low

₹ 358.15

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

22472.95 Cr.

Enterprise Value

22392.3 Cr.

No. of Shares

53.89 Cr.

P/E

46.2

P/B

4.88

Face Value

₹ 1

Div. Yield

0.65 %

Book Value (TTM)

₹  85.49

CASH

80.65 Cr.

DEBT

0 Cr.

Promoter Holding

74.99 %

EPS (TTM)

₹  9.03

Sales Growth

24.69%

ROE

9.08 %

ROCE

12.48%

Profit Growth

-29.45 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Index Presence

The company is present in 20 Indices.

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year24.69%
3 Year4.76%
5 Year8.27%

Profit Growth

1 Year-29.45%
3 Year-7.13%
5 Year-5.85%

ROE%

1 Year9.08%
3 Year12.47%
5 Year13.82%

ROCE %

1 Year12.48%
3 Year16.63%
5 Year19.58%

Debt/Equity

0

Price to Cash Flow

380.32

Interest Cover Ratio

52.177304964539

CFO/PAT (5 Yr. Avg.)

0.75169961387413

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 74.99 0
Dec 2022 74.99 0
Sep 2022 74.99 0
Jun 2022 74.99 0
Mar 2022 74.99 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has significantly decreased its debt by 8.34 Cr.
  • Company is virtually debt free.
  • Company has a healthy Interest coverage ratio of 52.177304964539.
  • The company has an efficient Cash Conversion Cycle of 36.4119856685373 days.
  • Company has a healthy liquidity position with current ratio of 2.91008187730157.
  • The company has a high promoter holding of 74.99%.

 Limitations

  • The company has shown a poor profit growth of -7.13099431404616% for the Past 3 years.
  • The company has shown a poor revenue growth of 4.76447651277239% for the Past 3 years.
  • The company is trading at a high PE of 46.2.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 1412.83 1944.57 1814.27 1717.07 1605.11
Total Expenditure 1329.89 1688.96 1616.94 1528.57 1452.66
Operating Profit 82.94 255.61 197.33 188.5 152.45
Other Income 7.62 4.38 3.54 8.61 14.3
Interest 2.64 2.33 2.48 2.47 2.45
Depreciation 39.09 39.26 41.23 42.13 42.01
Exceptional Items -11.39 0 0 0 0
Profit Before Tax 37.44 218.4 157.16 152.51 122.29
Tax 12.91 55.5 39.9 40.23 28.3
Profit After Tax 24.53 162.9 117.26 112.28 93.99
Adjusted EPS (Rs) 0.46 3.02 2.18 2.08 1.74

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 4586.57 5173.62 4943.17 4770.9 5948.9
Total Expenditure 3796.8 4431.62 4161.55 3927.37 5301.56
Operating Profit 789.77 742 781.62 843.53 647.34
Other Income 72.42 61.88 26.86 38.85 32.86
Interest 0 0 5 8.48 9.87
Depreciation 75.79 90.47 119.88 149.01 153.82
Exceptional Items 0 0 0 -10.82 -11.39
Profit Before Tax 786.4 713.41 683.6 714.07 505.12
Tax 270 246.06 148.2 183.47 130.79
Net Profit 516.4 467.35 535.4 530.6 374.33
Adjusted EPS (Rs.) 9.58 8.67 9.94 9.85 6.95

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 53.89 53.89 53.89 53.89 53.89
Total Reserves 3071.23 3370.58 3732.98 4023.13 4117.04
Borrowings 9.71 3.4 0 0 0
Other N/C liabilities 80.42 105.1 134.01 169.37 203.75
Current liabilities 852.61 772.95 671.56 991.79 1021.04
Total Liabilities 4067.86 4305.92 4592.44 5238.18 5395.72
Assets
Net Block 1006.4 1315.73 1708.46 1776.56 1875.97
Capital WIP 343.09 314.69 164.43 205.83 223.88
Intangible WIP 0 0 0 0 0
Investments 25.81 108.93 149.92 102.12 90.87
Loans & Advances 161.75 392.76 298.38 215.96 225.26
Other N/C Assets 0.18 11.64 7.88 3.03 8.43
Current Assets 2530.63 2162.17 2263.37 2934.68 2971.31
Total Assets 4067.86 4305.92 4592.44 5238.18 5395.72
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 786.4 713.41 683.6 714.07 505.12
Adjustment 18.03 40.02 107.65 145.17 111.21
Changes in Assets & Liabilities -153.73 -345.18 -14.66 -55.88 -406.62
Tax Paid -273.33 -297.84 -155.98 -148.66 -150.62
Operating Cash Flow 377.37 110.41 620.61 654.7 59.09
Investing Cash Flow -154.82 85.32 -343.91 -465.47 251.46
Financing Cash Flow -205.96 -177.54 -191.97 -275.56 -324.41
Net Cash Flow 16.59 18.19 84.73 -86.33 -13.86

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 74.99 74.99 74.99 74.99 74.99
kansai paint compa... - - 74.99 74.99 -
kansai paint co., ... - 74.99 - - 74.99
kansai paints co.,... - - - - -
kansai paint co. l... 74.99 - - - -
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 25.01 25.01 25.01 25.01 25.01
life insurance cor... 2.51 3.37 3.37 3.37 3.37
aditya birla sun l... - - - - -
mirae asset emergi... - - - - -
aditya birla sun l... 2.37 2.20 2.07 1.88 1.29
icici prudential l... 1.26 1.27 1.23 1.29 1.29
dsp mutual fund & ... 1.51 - - - -
franklin templeton... 1.06 1.06 1.21 1.35 1.35
dsp midcap fund - - - - -
investor education... - - 0.10 0.10 0.10
iepf 0.09 0.09 - - -
llp - - - - -

Annual Reports

Ratings & Research Reports

Company Presentations

  • ConcallQ4FY22 21 May 2022
  • PresentationQ4FY19 9 Jan 2020
  • PresentationQ1FY21 7 Aug 2020
  • PresentationQ2FY21 5 Nov 2020
  • PresentationQ2FY22 30 Oct 2021
  • PresentationQ3FY21 14 May 2021
  • PresentationQ3FY22 12 Feb 2022

Company News

Kansai Nerolac Paints informs about secretarial compliance report25 May 2023, 3:29PM Kansai Nerolac Paints informs about investor presentation9 May 2023, 5:02PM Kansai Nerolac Paint - Quaterly Results8 May 2023, 7:00PM Kansai Nerolac Paint - Quaterly Results8 May 2023, 7:00PM Kansai Nerolac Paint - Quaterly Results8 May 2023, 7:00PM Kansai Nerolac Paints gets nod to acquire 40% stake in Nerofix from Polygel Industries3 Mar 2023, 5:04PM Kansai Nerolac Paint - Quaterly Results3 Feb 2023, 2:37PM Kansai Nerolac Paint - Quaterly Results3 Feb 2023, 2:37PM Kansai Nerolac Paint - Quaterly Results3 Feb 2023, 2:37PM Kansai Nerolac Paints gets nod to sell land in Thane to Shoden Developers31 Jan 2023, 10:08AM Kansai Nerolac Paint - Quaterly Results1 Nov 2022, 3:33PM Kansai Nerolac Paint - Quaterly Results1 Nov 2022, 3:33PM Kansai Nerolac Paint - Quaterly Results1 Nov 2022, 3:33PM Kansai Nerolac Paint - Quaterly Results1 Aug 2022, 3:19PM Kansai Nerolac Paint - Quaterly Results1 Aug 2022, 3:19PM Kansai Nerolac Paint - Quaterly Results1 Aug 2022, 3:19PM Kansai Nerolac Paints informs about press release2 Jun 2022, 5:07PM Kansai Nerolac Paints placed in leadership position in CRISIL’s Sustainability Yearbook 20222 Jun 2022, 3:45PM Kansai Nerolac Paints informs about newspaper cuttings 30 May 2022, 3:57PM Kansai Nerolac Paints reports 84% fall in Q4 consolidated net profit11 May 2022, 2:59PM Kansai Nerolac Paint - Quaterly Results10 May 2022, 4:48PM Kansai Nerolac Paint - Quaterly Results10 May 2022, 4:48PM Kansai Nerolac Paint - Quaterly Results10 May 2022, 4:48PM Kansai Nerolac Paints reports 39% fall in Q3 consolidated net profit1 Feb 2022, 3:14PM Kansai Nerolac Paint - Quaterly Results1 Feb 2022, 2:23PM Kansai Nerolac Paint - Quaterly Results1 Feb 2022, 2:23PM Kansai Nerolac Paint - Quaterly Results1 Feb 2022, 2:23PM Kansai Nerolac Paints informs about record date for interim dividend25 Oct 2021, 4:55PM Kansai Nerolac Paint - Quaterly Results25 Oct 2021, 3:45PM Kansai Nerolac Paints informs about annual secretarial compliance report24 May 2021, 12:32PM Kansai Nerolac Paints informs about newspaper advertisement regarding transfer of shares14 May 2021, 5:42PM Kansai Nerolac Paints informs about transcript of the conference call12 May 2021, 12:31PM Kansai Nerolac Paints informs about invitation of conference call 10 May 2021, 11:02AM Kansai Nerolac Paints informs about board meeting30 Dec 2020, 4:12PM Kansai Nerolac Paints informs about press release3 Nov 2020, 5:12PM Kansai Nerolac Paints informs about outcome of board meeting6 May 2020, 3:22PM

Kansai Nerolac Paint Stock Price Analysis and Quick Research Report. Is Kansai Nerolac Paint an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Kansai Nerolac Paint has a PE ratio of 45.8287170396632 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Kansai Nerolac Paint has ROA of 7.04031446600024 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Kansai Nerolac Paint has a Current ratio of 2.91008187730157 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Kansai Nerolac Paint has a ROE of 9.0769221442904 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Kansai Nerolac Paint has a D/E ratio of 0 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Kansai Nerolac Paint has an Inventory turnover ratio of 5.03351429057824 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Kansai Nerolac Paint has reported revenue growth of 24.6913580246914 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Kansai Nerolac Paint for the current financial year is 10.8816756038931 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Kansai Nerolac Paint is Rs 2.25 and the yield is 0.6548 %.

Brief about Kansai Nerolac Paint

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