|
22 Mar 2025 |
Kansai Nerolac
|
Consensus Share Price Target
|
244.93 |
285.44 |
- |
16.54 |
hold
|
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|
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02 Nov 2022
|
Kansai Nerolac
|
ICICI Securities Limited
|
244.93
|
500.00
|
467.10
(-47.56%)
|
Pre-Bonus/ Split |
Hold
|
|
|
While Kansai’s Q2FY23 was weaker than consensus and our estimates.
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|
19 Aug 2022
|
Kansai Nerolac
|
Geojit BNP Paribas
|
244.93
|
567.00
|
486.90
(-49.70%)
|
Pre-Bonus/ Split |
Accumulate
|
|
|
|
|
04 Aug 2022
|
Kansai Nerolac
|
ICICI Direct
|
244.93
|
560.00
|
500.00
(-51.01%)
|
Pre-Bonus/ Split |
Hold
|
|
|
|
|
03 Aug 2022
|
Kansai Nerolac
|
Prabhudas Lilladhar
|
244.93
|
558.00
|
500.00
(-51.01%)
|
Pre-Bonus/ Split |
Accumulate
|
|
|
|
|
13 May 2022
|
Kansai Nerolac
|
ICICI Direct
|
244.93
|
360.00
|
398.10
(-38.48%)
|
Target met |
Sell
|
|
|
|
|
12 May 2022
|
Kansai Nerolac
|
Prabhudas Lilladhar
|
244.93
|
518.00
|
398.10
(-38.48%)
|
Target met |
Buy
|
|
|
|
|
08 Feb 2022
|
Kansai Nerolac
|
Geojit BNP Paribas
|
244.93
|
604.00
|
497.50
(-50.77%)
|
Pre-Bonus/ Split |
Accumulate
|
|
|
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....
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04 Feb 2022
|
Kansai Nerolac
|
ICICI Securities Limited
|
244.93
|
610.00
|
540.70
(-54.70%)
|
Pre-Bonus/ Split |
Hold
|
|
|
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...
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13 Dec 2021
|
Kansai Nerolac
|
Prabhudas Lilladhar
|
244.93
|
707.00
|
587.90
(-58.34%)
|
Pre-Bonus/ Split |
Buy
|
|
|
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...
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28 Oct 2021
|
Kansai Nerolac
|
ICICI Securities Limited
|
244.93
|
630.00
|
548.55
(-55.35%)
|
Pre-Bonus/ Split |
Hold
|
|
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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...
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