Asian Paints vs Kansai Nerolac: share price, P/E, ROE and financials compared
Asian Paints
Kansai Nerolac Paints
Asian Paints and Kansai Nerolac at a glance
Asian Paints is the larger by market cap, at ₹2.4L Cr against ₹15,855 Cr for Kansai Nerolac (15.4 times as large). On valuation, Kansai Nerolac has the lower P/E (25.9× against 50.5×) and the lower price-to-book (2.30× against 11.23×). On returns and margins, Asian Paints has the higher ROCE (24.4% against 11.8%), the higher ROE (23.0% against 9.0%) and the higher operating margin (18.9% against 12.8%). Over three years, Kansai Nerolac has faster 3-year sales growth (+2.2% against +1.1% a year) and faster 3-year profit growth (+7.6% against +1.7% a year). Kansai Nerolac carries less debt for its equity, with a debt-to-equity of 0.05× against 0.21×.
Key metrics, side by side
| Metric | Asian PaintsASIANPAINT | Kansai NerolacKANSAINER |
|---|---|---|
| Price (₹) | 2,546.00 | 196.01 |
| Market cap (₹ Cr) | 2,44,025 | 15,855 |
| P/E | 50.5× | 25.9× (the lower figure, shaded) |
| P/B | 11.23× | 2.30× (the lower figure, shaded) |
| Dividend yield, trailing | 1.31% | 1.28% |
| ROE | 23.0% (the higher figure, shaded) | 9.0% |
| ROCE | 24.4% (the higher figure, shaded) | 11.8% |
| Operating margin (OPM) | 18.9% (the higher figure, shaded) | 12.8% |
| Net margin (NPM) | 12.5% (the higher figure, shaded) | 7.3% |
| Sales CAGR 3Y | +1.1% | +2.2% (the higher figure, shaded) |
| Profit CAGR 3Y | +1.7% | +7.6% (the higher figure, shaded) |
| Debt to equity | 0.21× | 0.05× (the lower figure, shaded) |
| Interest cover | 31.7× (the higher figure, shaded) | 25.7× |
| Net profit TTM (₹ Cr) | 4,839 | – |
| 1Y return | +1.5% (the higher figure, shaded) | −17.8% |
| Promoter holding | 52.65% | – |
Asian Paints vs Kansai Nerolac: common questions
Which is bigger, Asian Paints or Kansai Nerolac?
By market cap, Asian Paints is bigger at ₹2.4L Cr, against ₹15,855 Cr for Kansai Nerolac (prices as of 6 Nov 2026).
Which has a lower P/E ratio, Asian Paints or Kansai Nerolac?
Asian Paints trades at a P/E of 50.5× and Kansai Nerolac at 25.9×. Kansai Nerolac has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Asian Paints or Kansai Nerolac?
Asian Paints reports a return on equity of 23.0% and Kansai Nerolac 9.0%. Asian Paints has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Asian Paints or Kansai Nerolac?
Over the last three years: Sales grew +1.1% a year at Asian Paints and +2.2% at Kansai Nerolac, so Kansai Nerolac grew sales faster; profit grew +1.7% a year at Asian Paints and +7.6% at Kansai Nerolac, so Kansai Nerolac grew profit faster. Past growth doesn’t predict future growth.