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.

11 May 2021

247.50

0.88%

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 Paints Ltd.'s price crossed above 30Day SMA today

Kansai Nerolac Paints Ltd.

10 May 2021, 12:00AM

247.50

0.88%

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 Paints Ltd.'s price crossed above 100Day SMA today

Kansai Nerolac Paints Ltd.

04 Feb 2021

247.50

0.88%

Kansai Nerolac Paints

Buy: Kansai Nerolac Paints Ltd.

Target

ICICI Securities Limited

Kansai's Q3FY21 performance was ahead of our estimate with overall volume growth coming in at ~20% YoY (vs. I-direct estimate: 15%). Though on a low base, industrial paint segment volume growth at ~19% (I-direct estimate) was led by strong demand revival in automotive industry. On the decorative front, volume growth at ~21% YoY was supported by strong festive demand from rural and semi urban regions. Also, opening up of metro and tier 1 cities aided volume growth during the period. According to the management, KNL is going to continuously focus on launching new...

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

Kansai Nerolac Paints Ltd.

11 Nov 2020

247.50

0.88%

"PL Diwali Picks" from the Research Department

Buy: Kansai Nerolac Paints Ltd.

Target

Prabhudas Lilladhar

2020 will go down in the history as one of the most turbulent years which saw +50mn COVID-19 infections worldwide and unprecedented scale of economic damage and stimulus announced by various countries globally. Markets have seen nervous times before a recovery and unlock started to materialize. Indian recovery has been led by sharp upsurge in rural demand as benefits of higher crop prices as normal monsoons benefit 60% of population. We remain positive and believe that the current uptick could be the start of next multi- year cycle. Our Picks of 2018 have given 29.5% returns in the past 2 years while last year's picks have given 12% return in a volatile environment while our Model portfolio has given ~25% return with 8% NIFTY...

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

Kansai Nerolac Paints Ltd.

06 Nov 2020

247.50

0.88%

Kansai Nerolac: Q2FY21 Result Review

Hold: Kansai Nerolac Paints Ltd.

IDBI Capital

Kansai Nerolac (KNPL) result was above expectation led by high double digit volume growth in decorative coatings. While, Industrial coatings business declined in Jul-Aug'20 but it witnessed growth in Sept'20 led by strong recovery in passenger vehicle and tractors. In International business, Nepal and Srilanka continued to face COVID related growth headwinds while Bangladesh reported high double digit growth. Benign raw material cost supported gross margin expansion for the 5th consecutive quarter. Strict control over cost aided EBITDA margin expansion. Based on revised business outlook; we have upgraded our EPS estimate for FY21-22E by 4-5%. Also, we have introduced...

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

Kansai Nerolac Paints Ltd.

05 Nov 2020

247.50

0.88%

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...

Kansai Nerolac Paints Ltd. is trading above all available SMAs

Kansai Nerolac Paints Ltd.

05 Nov 2020

247.50

0.88%

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 above all available SMAs

Kansai Nerolac Paints Ltd.

06 Oct 2020

247.50

0.88%

Company Update - Revival in Auto Paints positive; BUY

Buy: Kansai Nerolac Paints Ltd.

Prabhudas Lilladhar

Kansai Nerolac Paints Ltd.'s price crossed above 200Day SMA today

Kansai Nerolac Paints Ltd.

06 Aug 2020

247.50

0.88%

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 291.67 from 3 brokers.

Kansai Nerolac Paints Ltd.

05 Aug 2020

247.50

0.88%

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 Paints Ltd.'s price crossed above 200Day SMA today

Is Kansai Nerolac Paints Ltd. worth buying?

184 Votes:

Buy 80.43%

Sell 10.87%

Hold 8.7%

RESEARCH REPORTS

Accumulate SEE REPORTS >

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Hold SEE REPORTS >

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