Kansai Nerolac Paints Limited, established in 1920 as Gahagan Paints & Varnish Co. Ltd., is one of India’s leading paint companies. Headquartered in Mumbai, Maharashtra, the company is a subsidiary of Kansai Paint Co. Ltd., Japan. Kansai Nerolac specializes in chemicals, particularly paints and coatings, offering a wide range of products including decorative paints, industrial coatings, automotive coatings, and powder coatings.
The company holds a prominent position in the Indian market as the largest industrial paint manufacturer and the third-largest in the decorative paint segment. For the fiscal year 2024, Kansai Nerolac reported a revenue of ₹7,893 crore (approximately $950 million). The company employs around 2,992 people (as of 2020) and operates several manufacturing plants across India. Known for its innovative products and strong brand reputation, Kansai Nerolac Paints has built a robust distribution network, solidifying its presence in the Indian market.
Recent news about Kansai Nerolac Paints Ltd
Kansai Nerolac Paints Limited has recently made significant strides in expanding its operations and strengthening its leadership. The company has commenced commercial production at its new manufacturing unit located in Atchutapuram, Andhra Pradesh, marking a key milestone in its growth strategy. This new facility is expected to enhance Kansai Nerolac’s production capabilities and meet the increasing demand for its products. In addition to this, the company has announced a strategic investment of ₹20.1 crore to boost capacity at its Sayakha plant by 460 metric tonnes per month, further reinforcing its commitment to scaling its operations. On the leadership front, Kansai Nerolac has appointed Hirokazu Kotera as the Whole-time Director, designated as Executive Director, effective from August 1, 2024. This board change reflects the company’s focus on driving growth and innovation under experienced leadership. These developments highlight Kansai Nerolac’s proactive approach to expanding its market presence and ensuring sustainable growth.
Shareholding Patterns of Kansai Nerolac Paints Ltd
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 74.99% | 74.99% | 74.99% | 74.99% | 74.99% |
| FIIs + | 4.21% | 4.27% | 4.28% | 4.72% | 5.09% |
| DIIs + | 12.29% | 11.90% | 11.84% | 11.61% | 10.72% |
| Public + | 8.49% | 8.82% | 8.88% | 8.68% | 9.18% |
| No. of Shareholders | 93,871 | 1,11,197 | 1,14,047 | 1,14,008 | 1,36,327 |
The shareholding pattern of Kansai Nerolac Paints Limited has remained relatively stable from June 2023 to June 2024, with the promoters consistently holding a 74.99% stake throughout this period. However, notable shifts can be observed among other shareholder categories. The share of Foreign Institutional Investors (FIIs) has gradually increased from 4.21% in June 2023 to 5.09% in June 2024, indicating growing foreign interest in the company. Conversely, the shareholding of Domestic Institutional Investors (DIIs) has slightly declined from 12.29% in June 2023 to 10.72% in June 2024.
The public shareholding has also seen fluctuations, increasing from 8.49% in June 2023 to 9.18% in June 2024. This rise aligns with the growing number of shareholders, which has surged from 93,871 in June 2023 to 136,327 in June 2024. These trends reflect a broader participation by both retail and institutional investors, suggesting a diversified and expanding investor base for Kansai Nerolac Paints Limited over the past year.
How to purchase Kansai Nerolac Paints Ltd shares?
Below are the trading platforms that you can use to purchase Kansai Nerolac Paints Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Kansai Nerolac Paints Share Price Prediction: 2024 to 2030
Kansai Nerolac Paints Share Price Target 2024
| When | Maximum Price | Minimum Price |
| September 2024 | 319.15 | 277.53 |
| October 2024 | 315.99 | 274.78 |
| November 2024 | 328.63 | 285.77 |
| December 2024 | 331.92 | 288.63 |
In September 2024, the maximum price of Kansai Nerolac Paints Shares is expected to be ₹319.15, and the minimum price is expected to be ₹277.53. By December 2024, the maximum price is anticipated to reach ₹331.92, while the minimum price is expected to be ₹288.63.
Kansai Nerolac Paints Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | 335.24 | 257.88 |
| February 2025 | 338.63 | 260.48 |
| March 2025 | 345.74 | 265.95 |
| April 2025 | 342.31 | 263.32 |
| May 2025 | 332.34 | 255.65 |
| June 2025 | 347.30 | 267.15 |
| July 2025 | 340.49 | 261.91 |
| August 2025 | 351.02 | 270.02 |
| September 2025 | 355.23 | 273.26 |
| October 2025 | 364.47 | 280.36 |
| November 2025 | 373.58 | 287.37 |
| December 2025 | 390.39 | 300.30 |
In 2025, the Kansai Nerolac Paints Share is expected to see a maximum price of ₹335.24 in January, with a minimum price anticipated at ₹257.88. By December 2025, the share price is projected to reach a maximum of ₹390.39 and a minimum of ₹300.30.
Kansai Nerolac Paints Share Price Target 2026
| When | Maximum Price | Minimum Price |
| January 2026 | 402.10 | 309.31 |
| February 2026 | 392.05 | 301.58 |
| March 2026 | 399.89 | 307.61 |
| April 2026 | 408.05 | 313.89 |
| May 2026 | 404.01 | 310.78 |
| June 2026 | 414.11 | 318.55 |
| July 2026 | 405.99 | 312.30 |
| August 2026 | 418.55 | 321.96 |
| September 2026 | 426.92 | 328.40 |
| October 2026 | 438.02 | 336.94 |
| November 2026 | 448.97 | 345.36 |
| December 2026 | 460.19 | 354.00 |
Kansai Nerolac Paints Share Price Target 2027
| When | Maximum Price | Minimum Price |
| January 2027 | 464.80 | 357.54 |
| February 2027 | 476.71 | 366.70 |
| March 2027 | 495.31 | 381.00 |
| April 2027 | 485.59 | 373.53 |
| May 2027 | 471.45 | 362.65 |
| June 2027 | 492.67 | 378.97 |
| July 2027 | 483.01 | 371.54 |
| August 2027 | 497.94 | 383.03 |
| September 2027 | 515.37 | 396.44 |
| October 2027 | 528.77 | 406.75 |
| November 2027 | 541.99 | 416.92 |
| December 2027 | 555.54 | 427.34 |
Kansai Nerolac Paints Share Price Target 2028
| When | Maximum Price | Minimum Price |
| January 2028 | 566.65 | 435.89 |
| February 2028 | 581.18 | 447.06 |
| March 2028 | 603.85 | 464.50 |
| April 2028 | 592.01 | 455.39 |
| May 2028 | 574.76 | 442.13 |
| June 2028 | 600.63 | 462.02 |
| July 2028 | 588.85 | 452.96 |
| August 2028 | 607.06 | 466.97 |
| September 2028 | 628.31 | 483.32 |
| October 2028 | 644.65 | 495.88 |
| November 2028 | 660.76 | 508.28 |
| December 2028 | 677.28 | 520.99 |
Kansai Nerolac Paints Share Price Target 2029
| When | Maximum Price | Minimum Price |
| January 2029 | 690.83 | 531.41 |
| February 2029 | 708.54 | 545.03 |
| March 2029 | 736.17 | 566.29 |
| April 2029 | 721.74 | 555.18 |
| May 2029 | 700.72 | 539.01 |
| June 2029 | 732.25 | 563.27 |
| July 2029 | 717.89 | 552.22 |
| August 2029 | 740.10 | 569.30 |
| September 2029 | 766.00 | 589.23 |
| October 2029 | 785.91 | 604.55 |
| November 2029 | 805.56 | 619.66 |
| December 2029 | 825.70 | 635.15 |
Kansai Nerolac Paints Share Price Target 2030
| When | Maximum Price | Minimum Price |
| January 2030 | 842.22 | 647.86 |
| February 2030 | 863.81 | 664.47 |
| March 2030 | 897.50 | 690.38 |
| April 2030 | 879.90 | 676.85 |
| May 2030 | 854.27 | 657.13 |
| June 2030 | 892.72 | 686.70 |
| July 2030 | 875.21 | 673.24 |
| August 2030 | 902.28 | 694.06 |
| September 2030 | 933.86 | 718.35 |
| October 2030 | 958.14 | 737.03 |
| November 2030 | 982.09 | 755.46 |
| December 2030 | 1,006.65 | 774.34 |
In 2030, the Kansai Nerolac Paints Share is expected to reach a maximum price of ₹842.22 in January, with a minimum of ₹647.86. By December 2030, the share price is projected to climb to a maximum of ₹1,006.65 and a minimum of ₹774.34.
Financial Condition of Kansai Nerolac Paints Ltd: Last 5 years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 5,280 | 5,074 | 6,369 | 7,543 | 7,801 | 7,778 |
| Expenses + | 4,476 | 4,211 | 5,720 | 6,725 | 6,774 | 6,752 |
| Operating Profit | 804 | 863 | 649 | 818 | 1,028 | 1,026 |
| OPM % | 15% | 17% | 10% | 11% | 13% | 13% |
| Other Income + | 26 | 38 | 25 | 26 | 753 | 109 |
| Interest | 21 | 24 | 29 | 29 | 29 | 29 |
| Depreciation | 142 | 165 | 170 | 180 | 190 | 192 |
| Profit before tax | 667 | 712 | 476 | 635 | 1,561 | 913 |
| Tax % | 23% | 26% | 28% | 26% | 25% | |
| Net Profit + | 516 | 526 | 343 | 468 | 1,176 | 667 |
| EPS in Rs | 6.44 | 6.55 | 4.44 | 5.86 | 14.66 | 8.4 |
| Dividend Payout % | 33% | 53% | 37% | 31% | 26% |
Over the past five years, Kansai Nerolac Paints Ltd has shown a significant improvement in its financial performance, reflecting its strategic growth and operational efficiency.
Sales have steadily increased from ₹5,280 crore in March 2020 to ₹7,801 crore in March 2024, demonstrating a robust growth trajectory. Despite a slight dip in FY 2021, sales have consistently risen year-on-year, with a marginal decrease in the trailing twelve months (TTM) to ₹7,778 crore, suggesting stable revenue performance.
Expenses have also risen, from ₹4,476 crore in March 2020 to ₹6,774 crore in March 2024. This increase aligns with the company’s expanded operations and higher production costs. However, the Operating Profit has seen a positive trend, with a notable rise from ₹804 crore in March 2020 to ₹1,028 crore in March 2024, reflecting improved operational efficiency. The Operating Profit Margin (OPM) has fluctuated between 10% and 17% over the years, showing some variability but an overall positive trend.
The company’s Profit Before Tax has significantly improved, rising from ₹667 crore in March 2020 to ₹1,561 crore in March 2024, indicating strong financial health. Net Profit has similarly increased from ₹516 crore to ₹1,176 crore over the same period, with the Earnings Per Share (EPS) rising from ₹6.44 to ₹14.66, underscoring enhanced profitability and shareholder value.
Other Income has seen a substantial rise in March 2024 to ₹753 crore, up from ₹26 crore in March 2020, contributing positively to the overall profit. The Dividend Payout has varied, peaking at 53% in March 2021 and reducing to 26% in March 2024, reflecting the company’s balanced approach towards rewarding shareholders and reinvesting in growth.
Overall, Kansai Nerolac Paints Ltd has demonstrated a strong financial condition with increasing sales, profits, and efficient expense management, positioning itself well for future growth.
Kansai Nerolac Paints Ltd share price target by Geojit BNP Paribas
Geojit BNP Paribas has recommended purchasing shares of Kansai Nerolac Paints Limited, setting a target price of ₹355.
FAQs
1. What is the current Kansai Nerolac Paints share price?
Answer: The current share price of Kansai Nerolac Paints is approximately Rs. ₹296 per share.
2. What is the projected maximum and minimum Kansai Nerolac Paints share price for 2025?
Answer: The projected maximum Kansai Nerolac Paints share price for 2025 is Rs. Rs 390.39, and the minimum is Rs.255.65.
3. Where can I view the latest Kansai Nerolac Paints share price?
Answer: You can view the latest Kansai Nerolac Paints share price on the official Kansai Nerolac Paints website or on any financial news website.
5. Is investing in Kansai Nerolac Paints a good idea?
Answer: Investing in Kansai Nerolac Paints is a subjective matter and depends on your risk appetite and the current market conditions.
6. What is the current dividend yield of Kansai Nerolac Paints?
Answer: The current dividend yield of Kansai Nerolac Paints is 0.85 %.
7. Are there any tax implications when investing in Kansai Nerolac Paints?
Answer: Yes, any profits earned from trading in Kansai Nerolac Paints shares are subject to tax in India.
8. What is the current market capitalisation of Kansai Nerolac Paints?
Answer: The current market capitalisation of Kansai Nerolac Paints is approximately Rs. ₹23,876 Cr.
10. What is the maximum expected share price of Kansai Nerolac Paints in 2030?
Answer: The maximum expected share price of Kansai Nerolac Paints in 2030 is ₹1,006.65.
ALSO READ
- Cholamandalam Investment and Finance Company Share Price Target 2024, 2025 to 2030: Can it touch 5000 INR?
- FSN E-Commerce Ventures Ltd (Nykaa) Share Price Target 2024, 2025 to 2030
- Himadri Speciality Chemical Ltd Share Price Target 2024, 2025 to 2030
Conclusion
In Verdict Kansai Nerolac Paints Ltd has demonstrated robust financial health and strategic growth, positioning itself as a prominent player in the Indian paint industry. The company’s consistent rise in sales, profits, and operational efficiency, combined with recent expansions and investments, underscores its positive trajectory. With a projected maximum share price of ₹1,006.65 by 2030, Kansai Nerolac Paints represents a promising investment opportunity, reflecting its strong market presence and future growth potential.
Leave a Reply