NSE: KANSAINER | BSE: 500165

Strong Performer, Under Radar

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248.10 1.49 (0.60%)

6,240 NSE+BSE Volume

NSE 12 Sep, 2025 9:15 AM (IST)

20,058.9

Market Cap

Below industry Median

0.6

Beta 1Year

Very Low volatility

Kansai Nerolac Paints Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for KANSAINER, BSE:500165 Kansai Nerolac Paints Ltd.

Kansai Nerolac Paints Ltd.

08 Feb 2022

248.10

0.60%

KANSAI NEROLAC

Accumulate: Kansai Nerolac Paints Ltd.

Geojit BNP Paribas

KNPL is the market leader in the Industrial paints and third largest decorative paint company in India. KNPL's decorative business registered a volume growth of ~9% YoY while industry segment volume remains at low single digit. Revenue during the quarter increased by 14% YoY supported by festival demand and 21% price hike in decorative paints. However, EBITDA margin declined by 741bps YoY to 11.7% in Q3FY22 due to inflation in input prices & higher other expenses....

Kansai Nerolac Paint.. has an average target of 291.67 from 3 brokers.

Kansai Nerolac Paints Ltd.

04 Feb 2022

248.10

0.60%

Kansai Nerolac Paints

Hold: Kansai Nerolac Paints Ltd.

Target

ICICI Securities Limited

In the last two years, KNL has increased its total paint manufacturing capacity by 28% to 5.3 lakh tonnes at an investment of ~| 1100 crore Q3FY22 Results: Lower industrial volume offtake and delay in passing of higher...

Kansai Nerolac Paint.. has an average target of 291.67 from 3 brokers.

Kansai Nerolac Paints Ltd.

13 Dec 2021

248.10

0.60%

Company Update - Can growth revival reduce PE gap with APNT? - BUY

Buy: Kansai Nerolac Paints Ltd.

Recommendation Target

Prabhudas Lilladhar

Margins have largely bottomed out from more than a decade low levels post 18-20% price increase in current year with QoQ improvement likely from 3Q Kansai's PE discount to APNT at 45% is at the lowest ebb in the last decade as it had multiple pain points across portfolio. However, we believe worst is over as 1) resolution of semiconductor issue will boost auto paints demand...

Kansai Nerolac Paints Ltd. is trading below its 100 day SMA of 248.7

Kansai Nerolac Paints Ltd.

28 Oct 2021

248.10

0.60%

Kansai Nerolac Paints

Hold: Kansai Nerolac Paints Ltd.

Recommendation Target

ICICI Securities Limited

About the stock: Kansai is the global leader in industrial coatings (automotive). but revenue growth was in line with our estimate. Favourable base and strong demand for decorative paints helped drive...

Kansai Nerolac Paints Ltd. is trading above its 150 day SMA of 245.2

Kansai Nerolac Paints Ltd.

27 Oct 2021

248.10

0.60%

Q2FY22 Result Update - Margins play spoil sport - Accumulate

Accumulate: Kansai Nerolac Paints Ltd.

Target

Prabhudas Lilladhar

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...

Kansai Nerolac Paints Ltd. is trading above its 150 day SMA of 245.2

Kansai Nerolac Paints Ltd.

03 Aug 2021

248.10

0.60%

Kansai Nerolac Paints

Buy: Kansai Nerolac Paints Ltd.

Target

ICICI Securities Limited

...

Kansai Nerolac Paints Ltd. is trading below its 100 day SMA of 248.7

Kansai Nerolac Paints Ltd.

02 Aug 2021

248.10

0.60%

Q1FY22 Result Update - Auto recovery and pricing key triggers - ACCUMULATE

Accumulate: Kansai Nerolac Paints Ltd.

Target

Prabhudas Lilladhar

We are increasing our FY22/23 EPS estimates by 2.2%/0.9% mainly due to 1) Recovery in decorative paints since June21 2) Improved mix in decorative segment 3) Encouraging pickup in new business which account for 10% of revenues and 4) Improved performance expected in Industrial segment on a favorable base. However, we reduce our Gross margin estimate by 30bps as...

Kansai Nerolac Paints Ltd. is trading above its 150 day SMA of 245.2

Kansai Nerolac Paints Ltd.

11 May 2021, 12:00AM

248.10

0.60%

Kansai Nerolac : Q4FY21 Result Review

Accumulate: Kansai Nerolac Paints Ltd.

Target

IDBI Capital

Kansai Nerolac (KNPL) result was below our estimates due to higher than expected raw material cost pressure. Business recovery remained strong driven by resilient volume growth and price hikes (driven by input cost pressure). In international market; KNPL improved operating profit margins in Nepal and Bangladesh while reduced EBITDA loss in Srilanka during FY21. Raw material cost inflation remained a major concern. However, KNPL has been able to take price hike in decorative (by 2.5%) and industrial coatings (by 3-4%) businesses to offset inflation. Management expects raw material cost to subside due to tepid demand. Positively, KNPL introduced entire range of...

Kansai Nerolac Paint.. has an average target of 291.67 from 3 brokers.

Kansai Nerolac Paints Ltd.

11 May 2021, 12:00AM

248.10

0.60%

Kansai Nerolac Paints

Buy: Kansai Nerolac Paints Ltd.

Target

ICICI Securities Limited

Strong balance sheet to navigate short-term challenges Kansai is the third largest decorative paint players with organised market share of ~10%. While the sales recovery was 95% in FY21, the EBITDA margin of the company increased 200 bps YoY at ~18%. This has helped in a ~100% bottomline recovery for the company in FY21. On the balance sheet front, Kansai maintained its debt free status with net cash balance of | 650 crore. We believe the company's strong balance sheet, supported by...

Kansai Nerolac Paint.. has an average target of 291.67 from 3 brokers.

Kansai Nerolac Paints Ltd.

10 May 2021

248.10

0.60%

Q4FY21 Result Update - RM cost and lockdown near term headwinds - Downgrade to 'Accumulate'

Accumulate: Kansai Nerolac Paints Ltd.

Recommendation Target

Prabhudas Lilladhar

KNPL expects gradual demand recovery post Covid-19 stabilizes, focus on market share gains across segments. We cut our FY22/23 EPS estimates by 22.7%/5.1% mainly due to twin impacts of 1) Lower gross margins due to 13-14% input cost inflation and 2) Demand impact due to localized lockdowns and wide spread impact of Covid 19 in...

Kansai Nerolac Paint.. has an average target of 291.67 from 3 brokers.

Is Kansai Nerolac Paints Ltd. worth buying?

183 Votes:

Buy 80.33%

Sell 10.93%

Hold 8.74%

RESEARCH REPORTS

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