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Kansai Nerolac Paints (KANSAINER) had a P/E of 25.9× on 6 Nov 2026, above the industry P/E of 22.1×, and the shares are 26% below their 52-week high. Its ROCE of 12% is the second-lowest among the 7 largest Specialty Chemicals peers, and sales and net profit grew 2.2% and 7.6% a year over 3 years. It has almost no debt, and its dividend yield is 1.2%. It is a small-cap company with a market cap of ₹15,855 Cr, ranked 12th of 204 Specialty Chemicals companies by market cap; the shares fell 18% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹200.00
Day high
₹202.68
Day low
₹195.00
Prev. close
₹204.24
Volume
2.3 L

Health check

2 good · 1 fair · 3 to check
  • ReturnsBehind

    −17.8% over a year, better than 0 of 7 peers.

  • Price tagPricier

    P/E 25.9 vs industry 22.1.

  • GrowthSteady

    Sales +2.2%, profit +7.6% a year over 3 years.

  • ProfitabilityWeak

    ROCE 11.8% vs peer median 24.4%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 6 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Small cap

₹15,855 Cr, #12 of 204 in its industry by size.

Defensive

Beta 0.40 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹8,627 Cr · profit ₹612 Cr
Market cap
₹15,855 Cr
Small cap
P/E
25.9
Industry 22.1
Price to book
2.30
Peers 13.33
Dividend yield
1.22%
ROE
9.0%
Peers 23.0%
ROCE
11.8%
Peers 24.4%
Debt to equity
0.04
Debt ₹289 Cr
EPS (TTM)
₹7.56
Face value ₹1
OPM (TTM)
11.7%
Net margin 7.1%
Sales growth
+18.6%
Latest quarter vs a year ago
Profit growth
+8.4%
Latest quarter vs a year ago
Price to sales
1.84
EV/EBITDA 14.6

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly sales up 18.6% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Kansai Nerolac Paints

Kansai Nerolac Paints Limited engages in the manufacture and supply paints, varnishes, enamels, and lacquers in India. It provides interior and exterior wall paints, wood coatings, metal enamel paints, and ancillary paints, as well as adhesives and waterproofing products; interior textures; general industrial, powder, coil, automotive, auto refinish, and floor coatings; wood finishes, waterproofing solutions, and construction chemicals; and decorative and…

Headquarters
Mumbai
Employees
3,804
Sector
Basic Materials
ISIN
INE531A01024
Website
nerolac.com

Price range

52 weeks

₹157.91₹264.00

Today

₹195.00₹202.68
Avg volume (3M)
3.3 L
1-year return
minus 17.8%
From 52-week high
minus 25.8%

Analyst consensus

17 analysts
BuyMean target ₹245.65 plus 25.3%

Target range, with today’s price

Low ₹193.00High ₹316.00

Next results expected around 3 Feb 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Specialty Chemicals

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ASIANPAINTAsian Paints2,546.00plus 0.88%2,44,02550.535.024.4%18.9%0.211.1%plus 1.5%
SOLARINDSSolar Industries India18,608.00plus 0.48%1,68,38474.464.129.5%27.8%0.2212.4%plus 35.9%
PIDILITINDPidilite Industries1,579.00plus 1.63%1,60,82760.044.428.5%23.5%0.037.4%plus 6.8%
LINDEINDIALinde India6,859.00plus 8.73%58,496118.464.216.3%31.5%0.23–plus 5.4%
BERGEPAINTBerger Paints India478.35minus 5.28%55,77645.429.420.6%16.5%0.094.2%minus 6.0%
FLUOROCHEMGujarat Fluorochemicals4,665.50minus 0.94%51,25175.944.09.6%24.4%0.26−4.5%plus 28.0%
ACUTAASAcutaas Chemicals3,786.60plus 0.42%31,00170.964.127.7%39.4%0.0129.4%plus 105.6%
KANSAINERKansai Nerolac Paints196.01minus 4.03%15,85525.913.911.8%12.8%0.052.2%minus 17.8%
Median of 7 peers–0.48%58,49670.944.424.4%24.4%0.215.8%6.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
2,1621,9821,9542,3742,317
1,8591,7421,7372,0452,093
303240217328224
14.0%12.1%11.1%13.8%9.7%
52.635.223.954.935.1
7.48.88.487.7
52.96060.962.863.2
–−44.7−12.7––
295161158312188
27.0%27.5%30.6%26.9%23.5%
221121112232146
2.731.501.392.861.81

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+2.2%
Profit CAGR 3Y
+7.6%
EPS CAGR 3Y
+7.5%
ROE
9.0%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
7,5057,7687,7878,023
–+3.5%+0.2%+3.0%
6,6876,7416,8457,048
8181,028942975
10.9%13.2%12.1%12.1%
6.820.8−16.56.2
2929.231.332.3
180190202228
19.273278576.6
6351,5611,478797
26.2%24.7%24.9%27.7%
4741,1851,143589
–+150.3%minus 3.6%minus 48.4%
5.8614.6514.127.28

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
53.980.880.880.9
4,4805,5026,3426,633
287276296303
1,4861,5511,4971,695
6,3067,4108,2178,711
2,2122,3392,4672,524
141190234173
3.23.753.84.8
6231,5812,1342,585
3,3273,2963,3283,425
6,3067,4108,2178,711

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
408903672894
−227−590−379−383
−133−249−366−403
48.764.4−72.4108
−123−237−326−213
285666346681
−55.2−146−303−303

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 10.6% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you