KANSAINER

Kansai Nerolac Paints Share Price

₹254.30 -6.8 (-2.6%)

21 Nov, 2024 13:59

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Performance

  • Low
  • ₹253
  • High
  • ₹261
  • 52 Week Low
  • ₹252
  • 52 Week High
  • ₹357
  • Open Price₹261
  • Previous Close₹261
  • Volume265,490

Investment Returns

  • Over 1 Month -11.41%
  • Over 3 Month -13.91%
  • Over 6 Month -8.48%
  • Over 1 Year -20.57%
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Kansai Nerolac Paints Fundamentals Fundamentals refer to the financial data that companies report on a quarterly or annual basis.

  • P/E Ratio
  • 32.9
  • PEG Ratio
  • -0.7
  • Market Cap Cr
  • 20,558
  • P/B Ratio
  • 3.7
  • Average True Range
  • 7.52
  • EPS
  • 7.72
  • Dividend Yield
  • 1.5
  • MACD Signal
  • -5.95
  • RSI
  • 30.72
  • MFI
  • 32.76

Kansai Nerolac Paints Financials

Kansai Nerolac Paints Technicals

EMA & SMA

Current Price
₹254.30
-6.8 (-2.6%)
pointer
  • stock-down_img
  • Bullish Moving Average 0
  • stock-up_img
  • Bearish Moving Average 16
  • 20 Day
  • ₹274.56
  • 50 Day
  • ₹283.63
  • 100 Day
  • ₹287.18
  • 200 Day
  • ₹290.85

Resistance and Support

261.57 Pivot Speed
  • R3 269.73
  • R2 267.17
  • R1 264.13
  • S1 258.53
  • S2 255.97
  • S3 252.93

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Ratings

Master Rating

EPS Strenth

Price Strength

Buyer Demand

Group Rank

Kansai Nerolac Paints Ltd. is a leading Indian paint manufacturer, specializing in decorative, industrial, and automotive coatings. With a strong presence across India and global markets, it offers innovative and eco-friendly paint solutions for various industries and applications.

Kansai Nerolac Paints has an operating revenue of Rs. 7,772.53 Cr. on a trailing 12-month basis. An annual revenue growth of 4% is not great, Pre-tax margin of 20% is great, ROE of 21% is exceptional. 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. It is currently FORMING a base in its weekly chart and is trading around 26% away from the crucial pivot point. From an O'Neil Methodology perspective, the stock has an EPS Rank of 31 which is a POOR score indicating inconsistency in earnings, a RS Rating of 21 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 151 indicates it belongs to a poor industry group of Chemicals-Paints and a Master Score of D is close to being the worst. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

Disclaimer: This stock analysis report is algorithmically generated for informational purposes only and should not be considered as a buy or sell recommendation.

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Kansai Nerolac Paints Corporate Actions - Bonus, Splits, Dividends

Date Purpose Remarks
2024-11-06 Quarterly Results
2024-07-29 Quarterly Results
2024-05-04 Audited Results & Final Dividend
2024-02-05 Quarterly Results
2023-11-01 Quarterly Results
Date Purpose Remarks
2021-11-09 INTERIM Rs.1.25 per share(125%)Interim Dividend
Date Purpose Remarks
2023-07-04 Bonus Re.0.00 Issue of equity shares in the ratio of 1:2 of Re. 1/-

Kansai Nerolac Paints F&O

Kansai Nerolac Paints Shareholding Pattern

74.99%
2.01%
8.18%
5.56%
0%
7.68%
1.58%

About Kansai Nerolac Paints

  • NSE Symbol
  • KANSAINER
  • BSE Symbol
  • 500165
  • Managing Director
  • Mr. Anuj Jain
  • ISIN
  • INE531A01024

Similar Stocks to Kansai Nerolac Paints

Kansai Nerolac Paints FAQs

Kansai Nerolac Paints share price is ₹254 As on 21 November, 2024 | 13:45

The Market Cap of Kansai Nerolac Paints is ₹20557.8 Cr As on 21 November, 2024 | 13:45

The P/E ratio of Kansai Nerolac Paints is 32.9 As on 21 November, 2024 | 13:45

The PB ratio of Kansai Nerolac Paints is 3.7 As on 21 November, 2024 | 13:45

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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Q2FY23