Kansai Nerolac Paints Limited

BSE:500165 Stock Report

Market Cap: ₹206.6b

Kansai Nerolac Paints Valuation

Is 500165 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 500165 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 500165 (₹265.6) is trading above our estimate of fair value (₹69.03)

Significantly Below Fair Value: 500165 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 500165?

Key metric: As 500165 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 500165. This is calculated by dividing 500165's market cap by their current earnings.
What is 500165's PE Ratio?
PE Ratio34.4x
Earnings₹6.24b
Market Cap₹206.63b

Price to Earnings Ratio vs Peers

How does 500165's PE Ratio compare to its peers?

The above table shows the PE ratio for 500165 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.1x
500870 Castrol India
21.9x9.5%₹184.2b
500184 Himadri Speciality Chemical
50xn/a₹237.7b
CARBORUNIV Carborundum Universal
56.6x17.6%₹268.3b
FINPIPE Finolex Industries
19.9x-0.5%₹158.1b
500165 Kansai Nerolac Paints
34.4x11.6%₹206.6b

Price-To-Earnings vs Peers: 500165 is good value based on its Price-To-Earnings Ratio (34.4x) compared to the peer average (37.1x).

Price to Earnings Ratio vs Industry

How does 500165's PE Ratio compare vs other companies in the IN Chemicals Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NAGAFERT Nagarjuna Fertilizers and Chemicals
0.3xn/aUS$64.62m
UNIVPHOTO Universus Photo Imagings
5xn/aUS$49.59m
526773 Pressure Sensitive Systems (India)
0.6xn/aUS$7.15m
526143 MPL Plastics
1.7xn/aUS$1.89m
500165 34.4xIndustry Avg. 31.2xNo. of Companies35PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 500165 is expensive based on its Price-To-Earnings Ratio (34.4x) compared to the Indian Chemicals industry average (31.2x).

Price to Earnings Ratio vs Fair Ratio

What is 500165's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

500165 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.4x
Fair PE Ratio25.8x

Price-To-Earnings vs Fair Ratio: 500165 is expensive based on its Price-To-Earnings Ratio (34.4x) compared to the estimated Fair Price-To-Earnings Ratio (25.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 500165 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹265.60
₹312.28
+17.6%
10.6%₹370.00₹250.00n/a18
Nov ’25₹287.25
₹327.22
+13.9%
10.2%₹375.00₹256.00n/a18
Oct ’25₹311.40
₹322.78
+3.7%
10.6%₹375.00₹256.00n/a18
Sep ’25₹296.50
₹317.39
+7.0%
11.9%₹375.00₹249.00n/a18
Aug ’25₹305.00
₹314.67
+3.2%
11.5%₹375.00₹249.00n/a18
Jul ’25₹270.10
₹313.44
+16.0%
13.0%₹400.00₹230.00n/a18
Jun ’25₹269.40
₹316.83
+17.6%
13.7%₹400.00₹230.00n/a18
May ’25₹279.80
₹334.83
+19.7%
15.3%₹425.00₹260.00n/a18
Apr ’25₹272.45
₹342.78
+25.8%
13.3%₹425.00₹261.00n/a18
Mar ’25₹290.05
₹353.39
+21.8%
11.6%₹425.00₹261.00n/a18
Feb ’25₹337.60
₹356.06
+5.5%
11.7%₹425.00₹250.00n/a17
Jan ’25₹332.45
₹355.41
+6.9%
11.5%₹425.00₹250.00n/a17
Dec ’24₹319.55
₹347.30
+8.7%
13.1%₹425.00₹250.00n/a18
Nov ’24₹314.80
₹349.96
+11.2%
13.8%₹415.00₹246.00₹287.2518
Oct ’24₹317.50
₹352.19
+10.9%
15.9%₹445.00₹246.00₹311.4018
Sep ’24₹338.90
₹352.19
+3.9%
15.9%₹445.00₹246.00₹296.5018
Aug ’24₹339.05
₹335.78
-1.0%
23.9%₹500.00₹233.00₹305.0018
Jul ’24₹300.43
₹307.70
+2.4%
15.3%₹388.00₹233.33₹270.1018
Jun ’24₹287.00
₹305.85
+6.6%
15.7%₹388.00₹233.33₹269.4018
May ’24₹253.27
₹306.96
+21.2%
16.1%₹383.33₹214.67₹279.8016
Apr ’24₹257.33
₹317.45
+23.4%
14.8%₹386.67₹246.67₹272.4517
Mar ’24₹271.93
₹325.89
+19.8%
13.7%₹386.67₹246.67₹290.0519
Feb ’24₹276.90
₹347.16
+25.4%
13.4%₹406.67₹260.00₹337.6019
Jan ’24₹292.77
₹352.95
+20.6%
13.0%₹406.67₹260.00₹332.4519
Dec ’23₹294.93
₹349.77
+18.6%
13.6%₹406.67₹260.00₹319.5520
Nov ’23₹322.60
₹361.37
+12.0%
13.7%₹433.33₹269.33₹314.8020

Analyst Forecast: Target price is less than 20% higher than the current share price.

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