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Kansai Nerolac Paints share price & results

Kansai Nerolac Paints Limited· Consumer Durables· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Kansai Paint Group's Indian arm making decorative and industrial (automotive, powder, performance) coatings.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue2,374 ₹ crore+9.8% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin14.0 %0.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit228 ₹ crore+5.6% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity9.80 %+4.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin8.47 %+4.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)5.25 %+2.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

3 of 8 judged targets kept · 9 open · verdicts reflect calls analysed to Q1 FY27.

Kansai Nerolac Paints Limited management guidance track record on Inve: 17 targets tracked across analysed earnings calls (3 achieved, 5 missed, 9 open).

TargetOriginal wordingSaidLatest callVerdict
EBITDA Margin (FY26)13 to 14. I think we stick to that.
Call transcript, Q4 FY25 · 7 May 2025		Q4 FY25Q1 FY27:Promise for FY26 concluded and achieved in the previous quarter. No further updates.
Call transcript, Q1 FY27 · 3 Aug 2026		Achieved
Constant Revenue Growth10% growth is what we would like to achieve constantly
Call transcript, Q3 FY25 · 18 Apr 2025		Q3 FY25Q1 FY27:Consolidated revenue grew 9.8% YoY, very close to the target, but the 10% constant growth promise was not mentioned.
Call transcript, Q1 FY27 · 3 Aug 2026		Ghosted
TiO2 Inflation Impactcontributing to about 1% to 1.3% of the inflation
Call transcript, Q1 FY26 · 5 Aug 2025		Q1 FY26Q1 FY27:Promise related to a past event that did not materialize as feared. Concluded in previous quarters.
Call transcript, Q1 FY27 · 3 Aug 2026		Revised Up

Source: Inve Guidance Tracker for Kansai Nerolac Paints Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of Kansai Nerolac Paints Limited's 17 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 14 more targets are in the full ledger.

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Price

₹178.65 −1.41% · −₹2.55

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −29.7% 1Y

₹160₹180₹200₹220₹240₹260Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 4 Nov 2025Q3 FY26 — 26 Feb 2026Q4 FY26 — 6 May 2026Q1 FY27 — 3 Aug 2026

1Y: ₹253.97 on 24 Oct 2025 → ₹178.65. High ₹253.97 (24 Oct 2025), low ₹159.07 (23 Mar 2026).

Previous close
₹181.2
Market cap
₹14.4k Cr
52-week range
₹159.07 – ₹253.18
One year
−29.44%
Price to earnings (TTM to Jun 2026)
22.44×
Return on equity (TTM to Jun 2026)
9.80%

Overview

Symbol
NSE:KANSAINER
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Kansai Nerolac Paints Limited does

Based on the company's own presentations, annual report and earnings calls.

Kansai Nerolac Paints manufactures and sells paints and coatings across two broad businesses: Decorative paints for homes and buildings under the Nerolac brand, and Industrial coatings supplied to OEMs, including Automotive Coating (passenger vehicles, two/three-wheelers, commercial vehicles), Auto Refinish, Powder Coating (white goods, kitchen appliances, alloy wheels) and Performance/General Industrial Coatings (helmets, cans, coils, floors, construction and agricultural equipment, bridges). It is majority-owned by Japan's Kansai Paint Co., drawing on its parent's technology under the 'ONE KANSAI' initiative, and runs an in-house R&D network to develop new formulations. The company also operates newer allied businesses in construction chemicals, wood coatings and adhesives through its domestic subsidiary Nerofix.

Segments

  • Decorative
  • Industrial
Manufacturing plants
9
Installed manufacturing capacity
691.60 million litres (FY2025-26)
Depots across India
112
Regional Distribution Centres (RDCs)
8
Permanent employees and workers
3,804
Centralised R&D centre plus satellite R&D units
1 centralised (Navi Mumbai) + 5 satellite units (Lote x2, Hosur, Bawal, Sayakha)
Founded 1920Headquarters Mumbai, Maharashtra, IndiaEmployees 3,804 (FY2025-26 (31 March 2026) Company website

How the price took the results

close before → close after

Q1 FY27
+3.8%
3 Aug
Q4 FY26
+3.8%
6 May
Q3 FY26
−0.1%
26 Feb
Q2 FY26
−0.2%
4 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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