Kansai Nerolac Peer Comparison

NSE: KANSAINER | BSE: 500165

₹181.29

₹0.54 (0.30%)

As on 09-Oct-2026IST

Market cap

₹14,648 Cr

Revenue (TTM)

₹8,263 Cr

P/E Ratio

24.4

P/B Ratio

2.1

Div. Yield

1.4 %

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	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India	Shalimar Paints
Market cap (₹ Cr)	14,648	13,679	4,880	2,283	636
Revenue (₹ Cr)	8,263	3,591	1,466	508	559
Net Profit (₹ Cr)	588.66	1,962.50	163.25	67.02	-69.44
Net Margin (%)	7.00	52.95	11.01	13.05	-12.30
RoE (%)	9.81	16.31	14.89	14.60	-24.21
Price to Earnings	24.41	6.97	30.33	34.06	--
Price-To-Book	2.11	5.41	4.13	4.65	5.31

Income Statement (₹ Cr)

	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India	Shalimar Paints
Operating Revenue	8,263.47	3,590.90	1,465.82	508.25	558.79
Total Income	8,411.74	3,706.00	1,483.02	513.51	564.64
Total Expenditure	7,263.65	3,101.80	1,193.34	407.94	585.73
EBITDA	999.82	489.10	272.48	100.32	-26.94
Depreciation	238.01	77.40	61.00	10.96	20.09
EBIT	761.81	411.70	211.48	89.36	-47.03
Interest	32.95	12.00	2.81	4.60	24.10
Other Income	148.27	115.10	17.20	5.26	5.85
Exceptional Items	-63.15	1,845.90	-6.13	0.00	-4.60
Profit before Tax	813.98	2,360.70	219.74	90.02	-69.88
Provision for Tax	225.32	398.20	56.48	23.00	-0.44
Profit after Tax	588.66	1,962.50	163.25	67.02	-69.44

	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India	Shalimar Paints
Shareholder's Funds	6,713.78	2,451.60	1,153.97	475.12	251.18
Minority Interest	11.48	0.00	-2.35	0.00	0.00
Non-Current Liabilities	365.11	200.50	107.65	39.45	13.41
Current Liabilities	1,657.15	1,143.20	367.33	74.37	375.97
Total Liabilities	8,711.11	5,600.50	--	610.41	642.62

	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India	Shalimar Paints
Non-Current Assets	2,317.67	1,561.30	748.93	180.16	275.75
Current Assets	5,773.67	1,787.10	811.39	387.39	305.55
Total Assets	8,711.11	5,600.50	--	610.41	642.62
Total Debt*	82.68	0.00	--	32.32	157.03
Net Current Assets	4,116.52	643.90	444.06	313.02	-70.42
Contingent Liabilities	44.79	53.70	--	--	39.17

	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India	Shalimar Paints
Cash From Operating Activities	894.37	93.20	--	44.41	23.35
Cash Flow from Investing Activities	-382.65	803.70	--	-69.75	-0.52
Cash from Financing Activities	-403.30	-875.40	--	38.83	-24.71
Net Cash Inflow / Outflow	108.42	21.50	--	13.50	-1.88

	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India	Shalimar Paints
ROCE (%)	12.44	125.82	--	20.28	-12.18
ROE (%)	9.81	16.31	14.89	14.60	-24.21
ROA (%)	6.95	58.59	10.74	12.89	-10.34
EBIT Margin (%)	9.22	11.47	14.43	17.58	-8.42
Net Margin (%)	7.00	52.95	11.01	13.05	-12.30
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India	Shalimar Paints
Revenue Growth (%)	5.24	-11.12	9.51	24.19	-10.74
EBIT Growth (%)	7.39	-21.01	22.72	30.96	22.43
Net Profit Growth (%)	-46.49	383.49	15.32	26.33	2.07
EPS Growth (%)	3.47	-5.42	16.75	21.92	8.56
Book Value Growth (%)	4.53	84.38	--	35.92	-30.80

	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India	Shalimar Paints
Price / Earnings	22.64	35.63	29.48	34.06	-9.81
Price / Book Value	2.11	5.41	4.13	4.65	5.31
Dividend Yield (%)	1.38	6.86	0.49	0.50	0.00
EV/EBITDA	12.15	27.31	16.70	22.00	-27.70
Market Cap (₹ Cr)	13,509.49	12,925.09	--	2,280.50	302.15

	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India	Shalimar Paints
Debt to Equity	0.00	0.00	0.00	0.05	0.00
Short term debt to equity ratio	0.01	--	--	--	0.62
Current Ratio	3.48	1.56	2.21	5.21	0.81
Quick Ratio	2.56	1.06	1.72	3.72	0.54
Interest Coverage	25.70	197.73	79.20	20.57	-1.90

	Kansai Nerolac	JSW Dulux	Indigo Paints	SIRCA Paints India	Shalimar Paints
Debtors to sales (%)	17.76	16.79	19.48	30.55	24.76
Asset Turnover	0.98	1.07	0.96	0.98	0.83
Receivable days	57.19	60.23	--	92.10	79.33
Inventory Days	64.70	59.62	--	81.02	65.67
Payable days	79.48	144.42	--	63.38	173.97
Cash Conversion Cycle	42.40	-24.57	--	109.74	-28.96

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.