Kansai Nerolac Paints Limited

BSE:500165 Stock Report

Market Cap: ₹176.7b

Kansai Nerolac Paints Future Growth

Future criteria checks 1/6

Kansai Nerolac Paints is forecast to grow earnings and revenue by 13.3% and 8.1% per annum respectively. EPS is expected to grow by 13.9% per annum. Return on equity is forecast to be 11% in 3 years.

Key information

13.3%

Earnings growth rate

13.91%

EPS growth rate

Chemicals earnings growth19.4%
Revenue growth rate8.1%
Future return on equity10.98%
Analyst coverage

Good

Last updated20 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 11

500165: Upcoming Results And Dividend Decision Will Support Re Rating Potential

Analysts have lifted their price target on Kansai Nerolac Paints from ₹240.38 to ₹249.06, citing updated assumptions on the discount rate, projected revenue growth, profit margin, and forward P/E multiples. What's in the News A board meeting is scheduled for May 6, 2026, to review the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026 (company filing).
Narrative Update • Apr 21

500165: Upcoming Results And Dividend Decision Will Support Future Re Rating Potential

Analysts have trimmed their price target for Kansai Nerolac Paints from ₹247.19 to ₹240.38, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News A board meeting is scheduled for May 6, 2026, to review audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 (company filing).
Narrative Update • Apr 06

500165: Stable Margins And Upcoming Results Will Support Future Re Rating Potential

Analysts have kept Kansai Nerolac Paints' fair value estimate steady at ₹247.19 per share, with only marginal tweaks to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions driving this unchanged price target. What's in the News The board of Kansai Nerolac Paints is scheduled to meet on May 6, 2026 to review audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026 (company filing).
Narrative Update • Mar 22

500165: Stable Margins And Upcoming Results Will Support Future Re Rating Potential

Analysts have trimmed their price target for Kansai Nerolac Paints slightly, with fair value moving from about ₹250.31 to ₹247.19. This reflects updated assumptions around the discount rate, long term revenue growth, profit margins and future P/E multiples.
Narrative Update • Mar 06

500165: Stake Sale And Margin Outlook Will Support Future Re rating Potential

Analysts have nudged their price target on Kansai Nerolac Paints slightly lower from ₹251.56 to ₹250.31, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Board meeting scheduled on Feb 03, 2026 at 13:50 IST to consider unaudited financial results for the quarter and nine months ended Dec 31, 2025, along with the limited review report from statutory auditors (company filing).
New Narrative • Feb 26

Premium Decorative And Industrial Coatings Expansion Will Drive A Stronger Long Term Outlook

Catalysts About Kansai Nerolac Paints Kansai Nerolac Paints is a leading Indian coatings company with a large presence in decorative paints and industrial coatings, including automotive. What are the underlying business or industry changes driving this perspective?
Narrative Update • Feb 20

500165: Stake Sale And Margin Outlook Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Kansai Nerolac Paints to ₹251.56 from ₹256.82, citing updated assumptions that now pair slightly lower revenue growth expectations with modestly higher profit margin and a marginally adjusted future P/E multiple. What's in the News A board meeting is scheduled on Feb 03, 2026 at 13:50 IST to consider unaudited financial results for the quarter and nine months ended Dec 31, 2025, along with the statutory auditors' limited review report (company filing).
New Narrative • Feb 12

Premium Mix And Industrial Demand Will Shape A Cautious But Stable Outlook

Catalysts About Kansai Nerolac Paints Kansai Nerolac Paints manufactures decorative and industrial coatings, serving automotive, construction and consumer segments in India and select overseas markets. What are the underlying business or industry changes driving this perspective?
Narrative Update • Feb 06

500165: Stake Sale And Margin Outlook Will Support Future Upside Potential

Analysts have trimmed their price target for Kansai Nerolac Paints to ₹256.82 from ₹275.28, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Board meeting scheduled on Feb 3, 2026, at 13:50 IST to review unaudited financial results for the quarter and nine months ended Dec 31, 2025, along with the statutory auditors' limited review report (company filing).
User avatar
New Narrative • Feb 09

Expanding Product Range Aims To Meet Premium Demand, But Shrinking Margins And Competition May Pressure Future Earnings

Expansion into premium and high-margin products and segments is poised to drive revenue and strengthen market presence.

Earnings and Revenue Growth Forecasts

BSE:500165 - Analysts future estimates and past financials data (INR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/2029103,0188,7315,7637,7633
3/31/202895,4527,9976,0198,99614
3/31/202788,9407,2314,3566,97714
3/31/202680,5195,8956,8138,944N/A
12/31/202579,1495,857N/AN/AN/A
9/30/202578,54811,4523,0685,498N/A
6/30/202578,51911,330N/AN/AN/A
3/31/202578,23011,4303,4616,724N/A
12/31/202477,75711,505N/AN/AN/A
9/30/202477,7256,2395,4678,414N/A
6/30/202477,7776,783N/AN/AN/A
3/31/202478,01411,8546,6609,030N/A
12/31/202377,65611,632N/AN/AN/A
9/30/202376,73711,1885,5877,613N/A
6/30/202376,48210,553N/AN/AN/A
3/31/202375,4274,7362,8514,083N/A
12/31/202273,4574,045N/AN/AN/A
9/30/202273,2934,227-1,523505N/A
6/30/202270,1804,011N/AN/AN/A
3/31/202263,6943,589-1,942248N/A
12/31/202162,9234,584N/AN/AN/A
9/30/202160,7455,3422,2983,569N/A
6/30/202158,3816,104N/AN/AN/A
3/31/202150,7435,2975,4216,459N/A
12/31/202046,9484,727N/AN/AN/A
9/30/202044,3413,8594,7086,523N/A
6/30/202043,7654,085N/AN/AN/A
3/31/202052,8005,2103,5305,951N/A
12/31/201954,2115,410N/AN/AN/A
9/30/201955,1735,312N/A3,829N/A
6/30/201955,5664,602N/AN/AN/A
3/31/201954,2434,528N/A999N/A
3/31/201846,5815,144N/A3,600N/A
3/31/201740,5265,088N/A3,512N/A
3/31/201637,6699,010N/A3,917N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500165's forecast earnings growth (13.3% per year) is above the savings rate (6.9%).

Earnings vs Market: 500165's earnings (13.3% per year) are forecast to grow slower than the Indian market (16.1% per year).

High Growth Earnings: 500165's earnings are forecast to grow, but not significantly.

Revenue vs Market: 500165's revenue (8.1% per year) is forecast to grow slower than the Indian market (10.7% per year).

High Growth Revenue: 500165's revenue (8.1% 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 (11%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/26 11:27
End of Day Share Price 2026/05/26 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kansai Nerolac Paints Limited is covered by 37 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Aradhana Jain360 ONE Capital Market Private Limited
null nullAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.