About
Kansai Nerolac Paints Limited manufactures and supplies paints, varnishes, enamels, and lacquers in India. It offers interior and exterior wall paints, wood coatings, metal enamel paints, and ancillary paints, as well as adhesives and waterproofing products; interior textures; general industrial, powder, coil, automotive, auto refinish, and floor coatings; wood finishes, waterproofing solutions, and construction chemicals; and decorative and soldier paints. The company also provides painters, background check, guidance, color consultation, on-site sanitation, quotation, and color selection tools services. It serves residential, commercial, retail, industrial, governmental, and institutional customers, as well as automotive, consumer durables, machinery, equipment, and structural industries. The company was formerly known as Goodlass Nerolac Paints Limited and changed its name to Kansai Nerolac Paints Limited in April 2006. The company was incorporated in 1920 and is headquartered in Mumbai, India. Kansai Nerolac Paints Limited is a subsidiary of Kansai Paint Co., Ltd.
Key Metrics
as of Sep 2026Market Cap15,715 Cr
P/E24.40
Div Yield1.29 %
Book Value₹83.00
52w High₹264.00
52w Low₹158.00
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,374.00 | 1,954.00 | 1,982.00 | 1,954.00 | 2,162.00 | 1,817.00 | 1,922.00 | 1,951.00 | 2,133.00 | 1,769.00 | 1,919.00 | 1,957.00 | 2,157.00 |
| Expenses | 2,045.00 | 1,737.00 | 1,742.00 | 1,739.00 | 1,859.00 | 1,651.00 | 1,687.00 | 1,739.00 | 1,803.00 | 1,590.00 | 1,675.00 | 1,683.00 | 1,825.00 |
| Operating Profit | 328.00 | 216.00 | 240.00 | 215.00 | 303.00 | 166.00 | 235.00 | 212.00 | 330.00 | 179.00 | 244.00 | 273.00 | 332.00 |
| OPM % | 14.00 | 11.00 | 12.00 | 11.00 | 14.00 | 9.00 | 12.00 | 11.00 | 15.00 | 10.00 | 13.00 | 14.00 | 15.00 |
| Other Income | 55.00 | 11.00 | -10.00 | 28.00 | 53.00 | 37.00 | 671.00 | 27.00 | 34.00 | 33.00 | 20.00 | 22.00 | 678.00 |
| Depreciation | 63.00 | 61.00 | 60.00 | 54.00 | 53.00 | 52.00 | 53.00 | 49.00 | 48.00 | 48.00 | 48.00 | 47.00 | 47.00 |
| Interest | 8.00 | 8.00 | 9.00 | 8.00 | 7.00 | 8.00 | 9.00 | 7.00 | 7.00 | 7.00 | 7.00 | 8.00 | 7.00 |
| Profit before tax | 312.00 | 158.00 | 161.00 | 182.00 | 295.00 | 144.00 | 844.00 | 183.00 | 308.00 | 157.00 | 208.00 | 240.00 | 956.00 |
| Tax % | 27.00 | 31.00 | 27.00 | 27.00 | 27.00 | 29.00 | 22.00 | 34.00 | 27.00 | 27.00 | 27.00 | 27.00 | 23.00 |
| Net Profit | 228.00 | 110.00 | 117.00 | 133.00 | 216.00 | 102.00 | 662.00 | 120.00 | 225.00 | 114.00 | 152.00 | 175.00 | 734.00 |
| EPS in Rs | 2.86 | 1.39 | 1.50 | 1.67 | 2.73 | 1.34 | 8.42 | 1.52 | 2.86 | 1.44 | 1.91 | 2.19 | 9.13 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,052.00 | 7,823.00 | 7,801.00 | 7,543.00 | 6,369.00 | 5,074.00 | 5,280.00 | 5,424.00 | 4,658.00 | 4,053.00 | 3,767.00 | 3,505.00 |
| Expenses | 7,077.00 | 6,881.00 | 6,774.00 | 6,725.00 | 5,720.00 | 4,211.00 | 4,476.00 | 4,672.00 | 3,864.00 | 3,315.00 | 3,182.00 | 3,054.00 |
| Operating Profit | 975.00 | 942.00 | 1,028.00 | 818.00 | 649.00 | 863.00 | 804.00 | 753.00 | 794.00 | 737.00 | 585.00 | 451.00 |
| OPM % | 12.00 | 12.00 | 13.00 | 11.00 | 10.00 | 17.00 | 15.00 | 14.00 | 17.00 | 18.00 | 16.00 | 13.00 |
| Other Income | 83.00 | 769.00 | 753.00 | 26.00 | 25.00 | 38.00 | 26.00 | 61.00 | 71.00 | 98.00 | 563.00 | 22.00 |
| Interest | 32.00 | 31.00 | 29.00 | 29.00 | 29.00 | 24.00 | 21.00 | 10.00 | 1.00 | 0.00 | 0.00 | 1.00 |
| Depreciation | 228.00 | 202.00 | 190.00 | 180.00 | 170.00 | 165.00 | 142.00 | 106.00 | 77.00 | 70.00 | 68.00 | 68.00 |
| Profit before tax | 797.00 | 1,478.00 | 1,561.00 | 635.00 | 476.00 | 712.00 | 667.00 | 697.00 | 787.00 | 765.00 | 1,079.00 | 404.00 |
| Tax % | 28.00 | 25.00 | 25.00 | 26.00 | 28.00 | 26.00 | 23.00 | 36.00 | 35.00 | 33.00 | 16.00 | 32.00 |
| Net Profit | 576.00 | 1,109.00 | 1,176.00 | 468.00 | 343.00 | 526.00 | 516.00 | 448.00 | 514.00 | 510.00 | 902.00 | 275.00 |
| EPS in Rs | 7.29 | 14.14 | 14.66 | 5.86 | 4.44 | 6.55 | 6.44 | 5.60 | 6.36 | 6.29 | 11.15 | 3.39 |
| Dividend Payout % | 51.00 | 27.00 | 26.00 | 31.00 | 34.00 | 53.00 | 33.00 | 31.00 | 27.00 | 32.00 | 18.00 | 28.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 81.00 | 81.00 | 81.00 | 54.00 | 54.00 | 54.00 | 54.00 | 54.00 | 54.00 | 54.00 | 54.00 | 54.00 |
| Reserves | 6,633.00 | 6,342.00 | 5,502.00 | 4,480.00 | 4,078.00 | 3,999.00 | 3,706.00 | 3,362.00 | 3,078.00 | 2,761.00 | 2,456.00 | 1,548.00 |
| Borrowings | 303.00 | 296.00 | 276.00 | 160.00 | 203.00 | 173.00 | 242.00 | 108.00 | 35.00 | 29.00 | 46.00 | 51.00 |
| Other Liabilities | 1,695.00 | 1,497.00 | 1,551.00 | 1,613.00 | 1,374.00 | 1,307.00 | 881.00 | 994.00 | 962.00 | 793.00 | 685.00 | 720.00 |
| Total Liabilities | 8,711.00 | 8,217.00 | 7,410.00 | 6,306.00 | 5,709.00 | 5,533.00 | 4,884.00 | 4,518.00 | 4,130.00 | 3,636.00 | 3,240.00 | 2,373.00 |
| Fixed Assets | 2,404.00 | 2,246.00 | 2,182.00 | 2,108.00 | 1,996.00 | 1,912.00 | 1,906.00 | 1,465.00 | 1,036.00 | 957.00 | 937.00 | 916.00 |
| CWIP | 175.00 | 226.00 | 153.00 | 113.00 | 225.00 | 207.00 | 169.00 | 316.00 | 346.00 | 154.00 | 42.00 | 44.00 |
| Investments | 2,365.00 | 1,850.00 | 1,327.00 | 501.00 | 211.00 | 669.00 | 306.00 | 197.00 | 521.00 | 531.00 | 539.00 | 208.00 |
| Other Assets | 3,767.00 | 3,895.00 | 3,748.00 | 3,584.00 | 3,278.00 | 2,745.00 | 2,502.00 | 2,540.00 | 2,228.00 | 1,993.00 | 1,722.00 | 1,205.00 |
| Total Assets | 8,711.00 | 8,217.00 | 7,410.00 | 6,306.00 | 5,709.00 | 5,533.00 | 4,884.00 | 4,518.00 | 4,130.00 | 3,636.00 | 3,240.00 | 2,373.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 894.00 | 672.00 | 903.00 | 408.00 | 25.00 | 646.00 | 595.00 | 100.00 | 360.00 | 351.00 | 392.00 | 305.00 |
| Cash from Investing Activity | -383.00 | -379.00 | -590.00 | -227.00 | 250.00 | -453.00 | -375.00 | 89.00 | -162.00 | -557.00 | 144.00 | -239.00 |
| Cash from Financing Activity | -403.00 | -366.00 | -249.00 | -133.00 | -309.00 | -274.00 | -141.00 | -223.00 | -192.00 | -216.00 | -92.00 | -87.00 |
| Net Cash Flow | 108.00 | -72.00 | 64.00 | 49.00 | -35.00 | -81.00 | 79.00 | -34.00 | 6.00 | -422.00 | 444.00 | -21.00 |
| Free Cash Flow | 682.00 | 347.00 | 666.00 | 287.00 | -193.00 | 545.00 | 356.00 | -425.00 | 17.00 | 134.00 | 304.00 | 215.00 |
| CFO/OP % | 115.00 | 99.00 | 111.00 | 73.00 | 29.00 | 93.00 | 95.00 | 55.00 | 80.00 | 78.00 | 110.00 | 95.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 67.00 | 63.00 | 62.00 | 60.00 | 63.00 | 69.00 | 54.00 | 51.00 | 55.00 | 53.00 | 53.00 | 54.00 |
| Inventory Days | 119.00 | 133.00 | 136.00 | 134.00 | 153.00 | 158.00 | 127.00 | 132.00 | 107.00 | 123.00 | 90.00 | 95.00 |
| Days Payable | 91.00 | 88.00 | 88.00 | 79.00 | 92.00 | 120.00 | 75.00 | 82.00 | 90.00 | 98.00 | 85.00 | 56.00 |
| Cash Conversion Cycle | 95.00 | 109.00 | 110.00 | 115.00 | 123.00 | 107.00 | 106.00 | 101.00 | 72.00 | 78.00 | 58.00 | 93.00 |
| Working Capital Days | 69.00 | 82.00 | 77.00 | 81.00 | 91.00 | 82.00 | 74.00 | 73.00 | 64.00 | 80.00 | 48.00 | 51.00 |
| ROCE % | 12.00 | 13.00 | 17.00 | 14.00 | 11.00 | 17.00 | 18.00 | 20.00 | 25.00 | 26.00 | 25.00 | 25.00 |
Corporate Actions
35 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 29 Jun 2026 | 29 Jun 2026 | — | 2.50 | |
| Dividend | 23 Jun 2025 | 23 Jun 2025 | — | 1.25 | NSE/BSE dividend mismatch: BSE/NSE=2.5; BSE=1.25 |
| Dividend | 23 Jun 2025 | 23 Jun 2025 | — | 2.50 | NSE/BSE dividend mismatch: BSE/NSE=2.5; BSE=1.25 |
| Dividend | 21 Jun 2024 | — | — | 2.50 | NSE/BSE dividend mismatch: BSE/NSE=1.25; BSE/NSE=2.5 |
| Dividend | 21 Jun 2024 | — | — | 1.25 | NSE/BSE dividend mismatch: BSE/NSE=1.25; BSE/NSE=2.5 |
| Bonus | 04 Jul 2023 | 04 Jul 2023 | 1:2 | — | |
| Dividend | 25 May 2023 | — | — | 2.70 | |
| Dividend | 08 Jun 2022 | — | — | 1.00 | |
| Dividend | 08 Nov 2021 | 09 Nov 2021 | — | 1.25 | |
| Dividend | 17 Jun 2021 | — | — | 2.00 | |
| Dividend | 12 Nov 2020 | 13 Nov 2020 | — | 1.25 | |
| Dividend | 12 Jun 2020 | — | — | 3.15 | |
| Dividend | 13 Jun 2019 | — | — | 2.60 | |
| Dividend | 13 Jun 2018 | — | — | 2.60 | |
| Dividend | 13 Jun 2017 | — | — | 2.50 | NSE/BSE dividend mismatch: BSE/NSE=0.5; BSE=2.5 |
| Dividend | 13 Jun 2017 | — | — | 0.50 | NSE/BSE dividend mismatch: BSE/NSE=0.5; BSE=2.5 |
| Dividend | 14 Jun 2016 | — | — | 1.80 | NSE/BSE dividend mismatch: BSE/NSE=1.25; BSE=1.8 |
| Dividend | 14 Jun 2016 | — | — | 1.25 | NSE/BSE dividend mismatch: BSE/NSE=1.25; BSE=1.8 |
| Dividend | 26 Jun 2015 | — | — | 1.40 | |
| Split | 26 Mar 2015 | 27 Mar 2015 | 10:1 | — | |
| Dividend | 11 Jun 2014 | — | — | 11.00 | |
| Dividend | 07 Jun 2013 | — | — | 11.00 | |
| Dividend | 08 Jun 2012 | — | — | 11.00 | |
| Dividend | 02 Jun 2011 | — | — | 10.00 | |
| Other | 02 Jun 2011 | — | — | — | Annual General Meeting And Divided - Rs.10 Per Share |
| Bonus | 23 Jun 2010 | 24 Jun 2010 | 1:1 | — | |
| Dividend | 12 May 2010 | — | — | 15.00 | |
| Dividend | 22 Jun 2009 | — | — | 12.00 | |
| Dividend | 20 Jun 2008 | — | — | 12.00 | NSE/BSE dividend mismatch: NSE=1.2; BSE=12.0 |
| Dividend | 20 Jun 2008 | — | — | 1.20 | NSE/BSE dividend mismatch: NSE=1.2; BSE=12.0 |
| Other | 27 Jun 2007 | — | — | — | Agm |
| Dividend | 20 Mar 2007 | 21 Mar 2007 | — | 1.15 | |
| Dividend | 31 May 2006 | — | — | 1.15 | |
| Dividend | 15 Jul 2005 | — | — | 1.15 | |
| Dividend | 19 Jul 2001 | — | — | 6.50 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update21 Aug from crisil
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Rating update22 Dec 2025 from crisil
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Rating update21 Aug 2025 from crisil
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Rating update27 May 2025 from crisil
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Rating update5 Jun 2024 from crisil
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Rating update25 Oct 2023 from crisil
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