Financials Kansai Nerolac Paints Limited

Equities

KANSAINER

INE531A01024

Commodity Chemicals

Market Closed - Bombay S.E. 06:00:49 2024-04-29 am EDT 5-day change 1st Jan Change
280.2 INR +0.13% Intraday chart for Kansai Nerolac Paints Limited +2.43% -15.79%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 246,421 208,104 323,702 251,783 208,023 226,548 - -
Enterprise Value (EV) 1 243,614 203,929 316,615 249,679 212,876 222,046 217,140 214,404
P/E ratio 52.7 x 38.8 x 61 x 67.2 x 42.8 x 31.7 x 28.9 x 26.3 x
Yield 0.57% 0.82% 0.54% 0.48% 0.7% 1.21% 1.51% 1.68%
Capitalization / Revenue 4.76 x 4.21 x 6.9 x 4.21 x 2.93 x 3.05 x 2.68 x 2.51 x
EV / Revenue 4.71 x 4.13 x 6.75 x 4.17 x 2.99 x 2.99 x 2.57 x 2.38 x
EV / EBITDA 32.8 x 26.1 x 38 x 38.6 x 26.8 x 21.3 x 18.3 x 16.3 x
EV / FCF -59 x 50.5 x 58.4 x -161 x 77.4 x 59.3 x 45.2 x 40.2 x
FCF Yield -1.7% 1.98% 1.71% -0.62% 1.29% 1.69% 2.21% 2.49%
Price to Book 7.2 x 5.5 x 7.93 x 6.04 x 4.51 x 4.27 x 3.96 x 3.64 x
Nbr of stocks (in thousands) 808,380 808,380 808,380 808,380 808,380 808,380 - -
Reference price 2 304.8 257.4 400.4 311.5 257.3 279.9 279.9 279.9
Announcement Date 5/2/19 5/6/20 5/7/21 5/11/22 5/8/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 51,736 49,432 46,900 59,818 71,118 74,380 84,503 90,231
EBITDA 1 7,420 7,816 8,331 6,473 7,939 10,437 11,835 13,161
EBIT 1 7,134 6,617 6,941 4,935 6,293 8,805 10,322 11,695
Operating Margin 13.79% 13.39% 14.8% 8.25% 8.85% 11.84% 12.21% 12.96%
Earnings before Tax (EBT) 1 7,134 6,836 7,145 5,051 6,504 11,746 10,480 11,631
Net income 1 4,674 5,354 5,310 3,743 4,864 9,566 7,805 8,663
Net margin 9.03% 10.83% 11.32% 6.26% 6.84% 12.86% 9.24% 9.6%
EPS 2 5.780 6.627 6.567 4.633 6.013 8.817 9.676 10.63
Free Cash Flow 1 -4,131 4,036 5,422 -1,547 2,749 3,743 4,801 5,333
FCF margin -7.98% 8.17% 11.56% -2.59% 3.87% 5.03% 5.68% 5.91%
FCF Conversion (EBITDA) - 51.64% 65.08% - 34.63% 35.86% 40.57% 40.52%
FCF Conversion (Net income) - 75.39% 102.11% - 56.51% 39.13% 61.51% 61.56%
Dividend per Share 2 1.733 2.100 2.167 1.500 1.800 3.400 4.220 4.700
Announcement Date 5/2/19 5/6/20 5/7/21 5/11/22 5/8/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 18,861 14,734 13,305 13,012 15,270 17,030 14,204 19,490 18,142 17,257 16,194 20,875 19,183 18,488 16,799
EBITDA 1 - 2,898 2,034 1,872 1,647 2,100 829.4 2,556 1,973 1,885 1,524 3,339 2,846 2,778 2,106
EBIT - 2,562 1,629 1,514 1,267 1,710 438.5 2,164 1,561 1,464 - - 2,314 2,244 1,592
Operating Margin - 17.39% 12.24% 11.63% 8.29% 10.04% 3.09% 11.1% 8.6% 8.48% - - 12.06% 12.14% 9.48%
Earnings before Tax (EBT) 1 - 2,692 1,712 1,585 1,306 1,781 374.4 2,184 1,572 1,525 1,223 9,658 2,452 2,479 1,779
Net income 1 2,013 2,019 1,278 1,186 985.4 1,324 245.3 1,629 1,173 1,123 939.9 7,438 1,834 1,843 1,324
Net margin 10.67% 13.71% 9.61% 9.12% 6.45% 7.77% 1.73% 8.36% 6.46% 6.51% 5.8% 35.63% 9.56% 9.97% 7.88%
EPS - 2.500 1.580 1.467 1.220 1.640 0.3067 2.013 1.453 1.387 1.160 - 2.850 2.200 1.600
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/3/20 2/1/21 5/7/21 7/30/21 10/25/21 2/1/22 5/11/22 8/1/22 11/1/22 2/3/23 5/8/23 8/3/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 4,853 - - -
Net Cash position 1 2,807 4,175 7,088 2,104 - 4,502 9,408 12,145
Leverage (Debt/EBITDA) - - - - 0.6113 x - - -
Free Cash Flow 1 -4,131 4,036 5,422 -1,547 2,749 3,743 4,801 5,333
ROE (net income / shareholders' equity) 14.3% 14.8% 13.5% 9.08% 11.1% 14.1% 16.1% 16.7%
ROA (Net income/ Total Assets) 11.2% 12% 10.8% 7.04% 8.48% 9.41% 9.86% 10.4%
Assets 1 41,869 44,492 49,008 53,170 57,354 101,677 79,195 83,189
Book Value Per Share 2 42.40 46.80 50.50 51.60 57.00 65.60 70.70 77.00
Cash Flow per Share 2 1.370 7.680 7.900 0.7300 4.770 5.730 9.000 10.40
Capex 1 5,235 2,170 965 2,138 1,113 2,090 2,163 2,165
Capex / Sales 10.12% 4.39% 2.06% 3.57% 1.56% 2.81% 2.56% 2.4%
Announcement Date 5/2/19 5/6/20 5/7/21 5/11/22 5/8/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
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