Kansai Nerolac Paints
Market Cap
₹286.9b
Last Updated
2019/11/22 12:39 UTC
Data Sources
Company Financials +
Executive Summary
Kansai Nerolac Paints Limited manufactures and sells paints and varnishes, enamels, or lacquers in India.
Snowflake
Fundamentals
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has Kansai Nerolac Paints's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 500165 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.3%
500165
-0.8%
IN Chemicals
0.5%
IN Market
1 Year Return
18.4%
500165
8.3%
IN Chemicals
5.6%
IN Market
Return vs Industry: 500165 exceeded the Indian Chemicals industry which returned 8.3% over the past year.
Return vs Market: 500165 exceeded the Indian Market which returned 5.6% over the past year.
Shareholder returns
| 500165 | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.3% | -0.8% | 0.5% |
| 30 Day | -1.4% | -1.1% | 2.1% |
| 90 Day | 11.6% | 9.3% | 10.4% |
| 1 Year | 19.1%18.4% | 11.0%8.3% | 7.6%5.6% |
| 3 Year | 55.8%52.9% | 57.4%51.0% | 37.0%29.9% |
| 5 Year | 171.0%161.7% | 116.2%99.7% | 39.6%27.0% |
Price Volatility Vs. Market
How volatile is Kansai Nerolac Paints's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Kansai Nerolac Paints undervalued compared to its fair value and its price relative to the market?
53.38x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 500165 (₹526.35) is trading above our estimate of fair value (₹111.08)
Significantly Below Fair Value: 500165 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 500165 is poor value based on its PE Ratio (53.4x) compared to the Chemicals industry average (10.7x).
PE vs Market: 500165 is poor value based on its PE Ratio (53.4x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: 500165 is poor value based on its PEG Ratio (4.1x)
Price to Book Ratio
PB vs Industry: 500165 is overvalued based on its PB Ratio (7.9x) compared to the IN Chemicals industry average (1.1x).
Next Steps
Future Growth
How is Kansai Nerolac Paints forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
13.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 500165's forecast earnings growth (13.2% per year) is above the savings rate (7.6%).
Earnings vs Market: 500165's earnings (13.2% per year) are forecast to grow slower than the Indian market (19.4% per year).
High Growth Earnings: 500165's earnings are forecast to grow, but not significantly.
Revenue vs Market: 500165's revenue (12.1% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: 500165's revenue (12.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 500165's Return on Equity is forecast to be low in 3 years time (17%).
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Past Performance
How has Kansai Nerolac Paints performed over the past 5 years?
-1.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 500165 has a high level of non-cash earnings.
Growing Profit Margin: 500165's current net profit margins (9.6%) are higher than last year (9.6%).
Past Earnings Growth Analysis
Earnings Trend: 500165's earnings have declined by -1.5% per year over the past 5 years.
Accelerating Growth: 500165's earnings growth over the past year (9.9%) exceeds its 5-year average (-1.5% per year).
Earnings vs Industry: 500165 earnings growth over the past year (9.9%) underperformed the Chemicals industry 10.7%.
Return on Equity
High ROE: 500165's Return on Equity (14.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Kansai Nerolac Paints's financial position?
Financial Position Analysis
Short Term Liabilities: 500165's short term assets (₹24.0B) exceeds its short term liabilities (₹9.3B)
Long Term Liabilities: 500165's short term assets (₹24.0B) exceeds its long term liabilities (1.5B)
Debt to Equity History and Analysis
Debt Level: 500165's debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: 500165's debt to equity ratio has reduced from 3.9% to 3.5% over the past 5 years.
Debt Coverage: 500165's debt is well covered by operating cash flow (302.5%).
Interest Coverage: 500165 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 500165 has a high level of physical assets or inventory.
Debt Coverage by Assets: 500165's debt is covered by short term assets (assets are 18.9x debt).
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Dividend
What is Kansai Nerolac Paints's current dividend yield, its reliability and sustainability?
0.49%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 500165's dividend (0.49%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.59%).
High Dividend: 500165's dividend (0.49%) is low compared to the top 25% of dividend payers in the Indian market (2.46%).
Stability and Growth of Payments
Stable Dividend: 500165's dividends per share have been stable in the past 10 years.
Growing Dividend: 500165's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.4%), 500165's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 500165's dividends in 3 years are forecast to be well covered by earnings (24.4% payout ratio).
Next Steps
Management
What is the CEO of Kansai Nerolac Paints's salary, the management and board of directors tenure and is there insider trading?
0.8yrs
Average management tenure
CEO
Harishchandra Meghraj Bharuka (58yo)
15.6yrs
Tenure
₹70,006,000
Compensation
Mr. Harishchandra Meghraj Bharuka, B.Com., AICWA, has been Managing Director of Kansai Nerolac Paints Limited since April 1, 2004 and has been its Vice Chairman since May 3, 2017. Mr. Bharuka serves as an ...
CEO Compensation Analysis
Compensation vs Market: Harishchandra Meghraj's total compensation ($USD975.58K) is above average for companies of similar size in the Indian market ($USD711.71K).
Compensation vs Earnings: Harishchandra Meghraj's compensation has been consistent with company performance over the past year.
Management Age and Tenure
0.8yrs
Average Tenure
50.5yo
Average Age
Experienced Management: 500165's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Age and Tenure
2.0yrs
Average Tenure
59.5yo
Average Age
Experienced Board: 500165's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Harishchandra Meghraj Bharuka (58yo)
Vice Chairman & MD
- Tenure: 15.6yrs
- Compensation: ₹70.01m
G. Govindarajan
Compliance Officer & Secretary
- Tenure: 0yrs
- Compensation: ₹5.65m
Prashant Pai (56yo)
CFO & Senior VP of Finance
- Tenure: 0yrs
- Compensation: ₹8.90m
Anuj Jain (50yo)
Whole-Time Director
- Tenure: 1.6yrs
- Compensation: ₹16.93m
Abhijit Natoo (49yo)
Senior Vice President of Manufacturing & Industrial Relations and Administration
- Tenure: 0.8yrs
- Compensation: ₹8.22m
Jason Gonsalves (48yo)
Chief Risk Officer and Director of Corporate Planning
- Tenure: 0yrs
- Compensation: ₹6.96m
Sudhir Rane (51yo)
Vice President of Industrial Coatings
- Tenure: 0yrs
- Compensation: ₹6.88m
Laxman Nikam
Vice President of Technical
- Tenure: 0.8yrs
Board Members
Pradip Shah (66yo)
Independent Chairman of the Board
- Tenure: 5.4yrs
- Compensation: ₹4.35m
Noel Tata (63yo)
Non-Executive & Independent Director
- Tenure: 12.1yrs
- Compensation: ₹3.88m
Harishchandra Meghraj Bharuka (58yo)
Vice Chairman & MD
- Tenure: 15.6yrs
- Compensation: ₹70.01m
Hitoshi Nishibayashi (55yo)
Non-Executive Director
- Tenure: 0.3yrs
Anuj Jain (50yo)
Whole-Time Director
- Tenure: 1.6yrs
- Compensation: ₹16.93m
Hidenori Furukawa (61yo)
Non-Executive Director
- Tenure: 5.3yrs
Sonia Singh
Independent Non-Executive Director
- Tenure: 0.3yrs
Hideshi Hasebe
Non-Executive Director
- Tenure: 0.3yrs
Company Information
Kansai Nerolac Paints Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Kansai Nerolac Paints Limited
- Ticker: 500165
- Exchange: BSE
- Founded: 1920
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: ₹286.921b
- Shares outstanding: 538.92m
- Website: https://www.nerolac.com
Location
- Kansai Nerolac Paints Limited
- Nerolac House
- Ganpatrao Kadam Marg
- Mumbai
- Maharashtra
- 400013
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500165 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Feb 1995 |
| KANSAINER | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Feb 1995 |
Biography
Kansai Nerolac Paints Limited manufactures and sells paints and varnishes, enamels, or lacquers in India. It offers interior and exterior decorative wall paints, wood coatings, metal enamel paints, and anc ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/22 12:39 |
| End of Day Share Price | 2019/11/22 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.