Name: Latest research reports of Kansai Nerolac Paints Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Kansai Nerolac Paints Ltd.
Rating: 5
Author: ICICI Securities Limited

Kansai Nerolac Paints Ltd.

NSE: KANSAINER | BSE: 500165 | ISIN: INE531A01024 | Industry: Paints
| Mid-range Performer

241.3800 -2.89 (-1.18%)

NSE Apr 09, 2025 09:26 AM

Volume: 25,375

Kansai Nerolac Paints Ltd.

09 May 2020, 12:00AM

241.38

-1.18%

Kansai Nerolac Paints

Buy: Kansai Nerolac Paints Ltd.

Target

ICICI Securities Limited

KNPL's industrial segment remains a drag for the company with volume degrowth of 19% in FY20. However, the company is gradually increasing its focus towards non-automotive segments (~30% of Industrial paints) such as performance & powder coatings to offset revenue loss from automotive segments. On the decorative front (volume growth of ~5% in FY20), KNPL launched the lower end of emulsions in the domestic markets, which received a good response from customers (Soldier' brand recorded ~18% growth in FY20). We believe a good performance of the non-automotive segment (with market share gains) and a gradual recovery in demand for...

Kansai Nerolac Paints Ltd. is trading below its 100 day SMA of 248.3