Kansai Nerolac Key Ratios
NSE: KANSAINER | BSE: 500165
₹194.28
As on 07-Sep-2026IST
Market cap
₹15,731 Cr
Revenue (TTM)
₹8,263 Cr
P/E Ratio
26.2
P/B Ratio
2.3
Div. Yield
1.3 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 21.49 | 9.79 | 5.24 | 2.61 | 7.20 |
| EBIT | 70.66 | 6.13 | 7.39 | 2.34 | -1.17 |
| Net Profit | 84.78 | 4.83 | 3.49 | 5.88 | 1.17 |
| EPS | 106.27 | 4.81 | -47.04 | -17.16 | -0.34 |
| Book Value | -- | -- | 4.50 | 13.93 | 10.57 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| 10.56 | 9.09 | 9.22 | 9.27 | 9.47 |
| Net Margin
| 12.34 | 9.48 | 7.00 | 7.02 | 13.93 |
| Return on equity
| 16.55 | 13.96 | 9.81 | 8.78 | 18.52 |
| Return on Capital
| 22.40 | 18.84 | -- | 12.44 | 24.65 |
| Return on Assets
| 12.91 | 10.41 | 6.95 | 6.80 | 14.20 |
| Debt to Equity (x)
| -- | -- | 0.00 | 0.01 | 0.02 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
--
|
12.44
|
24.65
|
30.59
|
14.71
|
|
Peer Median
|
--
|
21.71
|
30.37
|
25.47
|
--
|
ROE
9.81
Lower than Peers by 7.15
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
9.81
|
8.78
|
18.52
|
23.29
|
10.82
|
|
Peer Median
|
16.96
|
16.52
|
23.51
|
19.63
|
--
|
ROA
6.95
Lower than Peers by 6.28
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
6.95
|
6.80
|
14.20
|
17.15
|
7.80
|
|
Peer Median
|
13.23
|
10.76
|
13.77
|
11.02
|
--
|
EBIT Margin
9.22
Lower than Peers by 4.50
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
9.22
|
9.27
|
9.47
|
10.73
|
8.46
|
|
Peer Median
|
13.72
|
13.38
|
13.27
|
14.08
|
--
|
Net Margin
7.00
Lower than Peers by 4.11
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
7.00
|
7.02
|
13.93
|
14.90
|
6.19
|
|
Peer Median
|
11.10
|
11.26
|
13.08
|
10.39
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
--
|
8.92
|
14.94
|
15.60
|
7.61
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
5.24
Higher than Peers by 2.25
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
5.24
|
2.93
|
0.28
|
3.43
|
18.42
|
|
Peer Median
|
2.99
|
7.37
|
2.87
|
5.08
|
--
|
EBIT Growth
7.39
Higher than Peers by 6.98
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
7.39
|
0.79
|
-11.55
|
31.26
|
33.01
|
|
Peer Median
|
0.41
|
15.06
|
-4.87
|
24.87
|
--
|
Net Profit Growth
3.49
Higher than Peers by 0.21
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
3.49
|
-48.09
|
-5.66
|
151.00
|
36.52
|
|
Peer Median
|
3.28
|
20.82
|
-4.55
|
28.26
|
--
|
EPS Growth
-47.04
Lower than Peers by 46.55
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
-47.04
|
-48.44
|
-3.58
|
150.30
|
31.97
|
|
Peer Median
|
-0.50
|
11.00
|
-4.67
|
19.74
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
--
|
4.53
|
15.16
|
22.89
|
9.63
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.00
--
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
0.00
|
0.01
|
0.02
|
0.02
|
0.04
|
|
Peer Median
|
--
|
0.02
|
0.01
|
0.02
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
--
|
0.01
|
0.01
|
0.02
|
0.03
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
3.48
Higher than Peers by 1.28
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
3.48
|
3.48
|
3.69
|
3.12
|
2.52
|
|
Peer Median
|
2.21
|
2.13
|
2.12
|
2.03
|
--
|
Quick Ratio
2.56
Higher than Peers by 0.98
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
2.56
|
2.64
|
2.54
|
2.01
|
1.38
|
|
Peer Median
|
1.58
|
1.65
|
1.55
|
1.48
|
--
|
Interest Coverage
25.70
Lower than Peers by 25.27
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
25.70
|
25.68
|
48.30
|
54.45
|
22.89
|
|
Peer Median
|
50.98
|
29.29
|
50.64
|
36.86
|
--
|
Operating Efficiency
Debtors to sales
17.76
Higher than Peers by 1.80
Debtors outstanding / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
17.76
|
18.22
|
17.34
|
17.11
|
16.41
|
|
Peer Median
|
15.96
|
17.27
|
15.82
|
15.80
|
--
|
Asset Turnover
0.98
Lower than Peers by 0.13
Sales / Average Total Assets
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
0.98
|
1.06
|
1.12
|
1.28
|
1.42
|
|
Peer Median
|
1.10
|
1.02
|
1.06
|
1.32
|
--
|
Receivable days
--
--
Average Debtors / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
--
|
57.19
|
55.99
|
53.62
|
49.93
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Inventory Days
--
--
Average Inventory / Sales * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
--
|
64.70
|
69.74
|
71.20
|
71.94
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Payable days
--
--
Average Creditors / Cost of goods sold * 365
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
--
|
79.48
|
78.64
|
78.94
|
75.33
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Cash Conversion Cycle
--
--
Receivable Days + Inventory Days - Payable Days
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
--
|
42.40
|
47.09
|
45.89
|
46.54
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Valuation
Price / Earnings
26.21
Lower than Peers by 9.96
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
26.21
|
22.92
|
16.45
|
17.88
|
29.28
|
|
Peer Median
|
36.17
|
36.17
|
37.80
|
38.29
|
--
|
Price / Book Value
2.27
Lower than Peers by 3.12
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
2.27
|
2.02
|
2.93
|
3.81
|
4.59
|
|
Peer Median
|
5.39
|
5.39
|
8.06
|
7.94
|
--
|
Dividend Yield
1.29
Higher than Peers by 0.33
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
1.29
|
1.50
|
1.61
|
1.43
|
0.70
|
|
Peer Median
|
0.96
|
0.96
|
0.89
|
0.96
|
--
|
EV/EBITDA
13.58
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
13.58
|
11.93
|
17.23
|
18.81
|
24.69
|
|
Peer Median
|
--
|
30.02
|
28.18
|
37.76
|
--
|
Market Cap
15,731
Higher than Peers by 644
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Kansai Nerolac
|
15,731
|
13,509
|
18,803
|
21,200
|
20,801
|
|
Peer Median
|
15,086
|
15,086
|
17,743
|
16,734
|
--
|