NSE: KANSAINER | BSE: 500165

Mid-range Performer

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235.85 3.26 (1.40%)

26.41% Fall from 52W High

161.3K NSE+BSE Volume

NSE 28 Mar, 2025 12:18 PM (IST)

19,067.2

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.

05 Nov 2020

235.85

1.40%

Kansai Nerolac

Accumulate: Kansai Nerolac Paints Ltd.

Recommendation Target

Dolat Capital

Revenues grew 4.3% YoY to Rs 13.8bn in Q2FY21, in line with market leader. Positive growth in Q2 after double digit decline of 60% in Q1 was encouraging. Growth from smaller towns outpaced metros/tier 1. The decorative business witnessed double digit volume growth (~+15%) during the quarter- strong performance as APL reported similar improvement. However, industrial sales continued to remain under pressure, and saw gradual recovery in September'20. As RM costs were lower due to fall in crude oil derivatives, GM expanded...

Number of FII/FPI investors decreased from 195 to 188 in Dec 2024 qtr

Kansai Nerolac Paints Ltd.

05 Nov 2020

235.85

1.40%

Kansai Nerolac Paints

Buy: Kansai Nerolac Paints Ltd.

Target

ICICI Securities Limited

Kansai Nerolac reported a strong performance with ~15% YoY growth in decorative paint volumes in Q2FY21. The strong volume growth is attributable to intact demand from semi urban and rural regions along with continuous dealer additions (grew 4-5% in Q2FTY21). Further, demand for premium range of emulsions witnessed a strong recovery with the opening up of metro and tier 1 regions. The decorative segment value growth at 7% YoY was largely led by a change in product mix and dealer discount policies. On the industrial paint segment, while July-August witnessed a gradual...

Kansai Nerolac Paints Ltd. is trading below its 50 day SMA of 236.3

Kansai Nerolac Paints Ltd.

06 Oct 2020

235.85

1.40%

Company Update - Revival in Auto Paints positive; BUY

Buy: Kansai Nerolac Paints Ltd.

Prabhudas Lilladhar

Kansai Nerolac Paints Ltd. is trading above its 30 day SMA of 232.5

Kansai Nerolac Paints Ltd.

06 Aug 2020

235.85

1.40%

Kansai Nerolac Paints

Buy: Kansai Nerolac Paints Ltd.

Target

ICICI Securities Limited

Sales revival in decorative segment post easing of restrictions After a washout April 2020 due to lockdown, KNPL saw a demand revival in decorative paint category in May-June 2020 with double digit volume growth. Strong volume traction in decorative segment was led by repainting/maintenance related demand from tier II/III/IV cities. However, industrial paint volume offtake continued to be under pressure in Q1FY21 on lower demand from key clients. While intermediary lockdowns may delay recovery process in near term, gradual unlocking of economy would help...

Kansai Nerolac Paint.. has an average target of 268.00 from 2 brokers.

Kansai Nerolac Paints Ltd.

05 Aug 2020

235.85

1.40%

Q1FY21 Result Update - Worst seems over, BUY into uncertainty

Buy: Kansai Nerolac Paints Ltd.

Target

Prabhudas Lilladhar

54% volume decline in 1Q and gradual recovery in Industrial paints demand paints given success of its economy segment product soldier, higher dependence on tier2/3 cities and low base from 2Q (Lockdown in Kashmir last year, 60-70% market share). Although recovery in auto paints will be gradual...

Kansai Nerolac Paint.. has an average target of 268.00 from 2 brokers.

Kansai Nerolac Paints Ltd.

09 May 2020

235.85

1.40%

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. has lost -23.76% in the last 6 Months

Kansai Nerolac Paints Ltd.

08 May 2020

235.85

1.40%

Q4FY20 Result Update - Attractively Priced, BUY into uncertainty

Buy: Kansai Nerolac Paints Ltd.

Recommendation Target

Prabhudas Lilladhar

KNPL 4Q Mgt commentary reinforced our positive stance on the company given 1) successful launch of soldier in economy segment in emulsions 2) foray in coil coatings, floor coatings and rebar coatings 3) strong free cash flow with cash/investments of Rs4.7bn and 4) sustained higher than industry growth in decorative segment. Although near term outlook remains uncertain due to lockdown impact on sales and sentiments, we expect smart recovery from 2HFY21 given low base in Auto and impact of J&K; from 2Q20. Although...

Number of FII/FPI investors decreased from 195 to 188 in Dec 2024 qtr

Kansai Nerolac Paints Ltd.

30 Mar 2020

235.85

1.40%

Kansai Nerolac Paints

Buy: Kansai Nerolac Paints Ltd.

Recommendation Target

ICICI Securities Limited

Our interaction with managements and dealers indicates significant prebuying activity of consumer goods during January-February 2020 on fears of supply related issues from China. While companies have secured supplies to avoid any disturbance in sales in Q4FY20, demand was negatively impacted in March 2020 owing to holiday and post that lockdown across countries. We also believe a late recovery in demand for consumer goods will also impact Q1FY21 performance due to 1) shortage of workers (due to heavy migration), 2) shift in focus on essential goods compared to discretionary products and 3) streamlining of supply chain....

Number of FII/FPI investors decreased from 195 to 188 in Dec 2024 qtr

Kansai Nerolac Paints Ltd.

03 Feb 2020

235.85

1.40%

Kansai Nerolac Paints

Hold: Kansai Nerolac Paints Ltd.

Recommendation Target

ICICI Securities Limited

KNPL recorded revenue de-growth of ~8% YoY to ~| 1248 crore, below our estimate of | 1415 crore in Q3FY20. The muted performance was mainly led by a sharp decline in volume of industrial paint (owing to ongoing slowdown in the automotive industry). In addition to this, the slowdown in decorative paint demand in Q3FY20 was mainly due to extended monsoons and a delay in recovery of demand from north regions. We believe the performance of decorative paint segment would improve from FY21 onwards supported by strong demand from tier II, tier III cities and shorter repainting demand. On...

Kansai Nerolac Paints Ltd. is trading above its 30 day SMA of 232.5

Kansai Nerolac Paints Ltd.

31 Jan 2020

235.85

1.40%

Q3FY20 Result Update

Accumulate: Kansai Nerolac Paints Ltd.

Target

Prabhudas Lilladhar

Expect pick- up in growth given low base on auto and expected pickup in decorative and other industrials in coming months We are cutting FY20,21 and 22 EPS estimates of Kansai by 8.7%, 6.0% and 3.3% respectively following disappointing performance during 3QFY20. Kansai reported 7.6% declined in sales as auto paint sales declined 20% even as decorative and industrial paints sales increased by 1% and 4% respectively. Kansai has not adopted aggressive approach in pushing Putty...

Kansai Nerolac Paint.. has an average target of 268.00 from 2 brokers.

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Is Kansai Nerolac Paints Ltd. worth buying?

177 Votes:

Buy 80.79%

Sell 10.73%

Hold 8.47%

RESEARCH REPORTS

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