Kansai Nerolac Paints
246.32
-1.86(-0.75%)
Market Cap₹19,915.00 Cr
PE Ratio18.11
Company Performance:
1D-0.75%
1M-0.48%
6M-5.32%
1Y-8.18%
5Y-29.62%
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More news about Kansai Nerolac Paints
20Aug 25
Kansai Nerolac Sees Rs 24.38 Crore Block Trade on NSE
A block trade of approximately 1,002,300 shares of Kansai Nerolac Paints was executed on the National Stock Exchange (NSE) at Rs 243.25 per share, totaling Rs 24.38 crore. The transaction indicates significant interest in the company's stock and could potentially signal changes in institutional holdings or strategic investor moves.
11Aug 25
Kansai Nerolac Paints to Merge Wholly Owned Subsidiary Nerofix Private Limited
Kansai Nerolac Paints Limited has approved a scheme to merge its wholly owned subsidiary, Nerofix Private Limited, effective April 1, 2025. Nerofix, operating in adhesives and paint-related products, had a turnover of Rs. 125.33 crore compared to Kansai Nerolac's Rs. 7,496.71 crore. The merger aims to achieve synergies, economies of scale, and growth opportunities. No share exchange or cash consideration is involved, and Kansai Nerolac's shareholding pattern remains unchanged. The merger is subject to regulatory and shareholder approvals.
08Aug 25
Kansai Nerolac Reports Modest Growth Amid Challenges in Q1
Kansai Nerolac Paints reported modest growth in Q1 financial results. Standalone revenue grew by 1.80% and consolidated revenue by 1.40% year-over-year. The decorative segment saw flat volume growth, while the industrial segment showed higher single-digit growth. The company faced challenges including early monsoon impact, geopolitical tensions, and losses from Bangladesh operations. Strategic initiatives include capacity expansion and new product launches. Management expects improved performance in Q2 due to earlier Diwali timing and increased construction activity.
04Aug 25
Kansai Nerolac Paints Expands in Sri Lanka, Reports Modest Q1 Growth
Kansai Nerolac Paints announced a LKR 300 million (approx. Rs 9.00 crore) investment in its Sri Lankan subsidiary. Q1 results show net revenue up 1.8% to Rs 2,087.42 crore, EBITDA down 6.7% to Rs 311.97 crore, and PBT down 4.1% to Rs 310.08 crore. The company expects improved decorative demand due to favorable monsoon and early Diwali. Industrial segment growth is anticipated to continue. The domestic paint industry in India is estimated to reach Rs 77,500 crore by March 2025.
04Aug 25
Kansai Nerolac Reports 1.8% Revenue Growth Amid Mixed Market Conditions
Kansai Nerolac Paints Limited announced Q1 financial results with net revenue of Rs 2,087.42 crore, up 1.8% year-over-year. EBITDA decreased by 6.7% to Rs 311.97 crore, and Profit Before Tax fell 4.1% to Rs 310.08 crore. The decorative segment showed revival signs but was impacted by early monsoons. Automotive segment outperformed the market, while performance coatings registered strong growth. Raw material prices remained benign, but forex volatility continued to affect operations. The company anticipates improved decorative demand due to favorable monsoon and early Diwali, along with continued growth in the industrial segment.
25Jul 25
Kansai Nerolac Paints Announces CFO Transition: P.D. Pai to Retire, Yash Ahuja to Take the Helm
Kansai Nerolac Paints Limited announces CFO transition. P.D. Pai, serving for 36 years, will retire on July 31, 2025. Yash Ahuja, with 24 years of finance experience, will assume the CFO role from August 1, 2025. Ahuja, currently Senior VP - Finance, will also become Chief Risk Officer. The company updated its Key Managerial Personnel structure and authorization for determining materiality of events.
20Jun 25
Kansai Nerolac Paints: Last Day to Secure Dividend Eligibility
Kansai Nerolac Paints has declared a total dividend of Rs 3.75 per share, comprising a final dividend of Rs 2.50 and a special dividend of Rs 1.25. June 20 is the last day to buy shares to qualify for the dividend. The record date is set for June 23. The total payout is expected to be approximately Rs 303.00 crore. Shares will likely trade ex-dividend the day after the last purchase date.
07May 25
Kansai Nerolac Paints Reports Strong Q4 FY23 Results with Profit and Revenue Growth
Kansai Nerolac Paints announced impressive Q4 FY23 financial results. Net profit increased to ₹1.23 billion from ₹1.01 billion year-over-year. Revenue rose to ₹17.40 billion from ₹16.62 billion in the same period last year. The company declared a dividend of ₹3.75 per equity share.
06May 25
Kansai Nerolac Paints: Q4 Revenue Up, Margins Squeezed
Kansai Nerolac Paints announced Q4 FY25 results with revenue up 2.7% YoY to ₹1,817.00 crore, but net profit down 6.5% to ₹108.50 crore. EBITDA margin contracted by 100 bps to 9.10%. Full-year revenue increased 1.4% to ₹7,496.70 crore. The company declared a dividend of ₹3.75 per equity share for FY25. Management cited strong performance in decorative and automotive segments, with forex volatility impacting margins.
10Apr 25
Kansai Nerolac Paints Appoints New Managing Director for 2025
Kansai Nerolac Paints has announced Pravin Chaudhari as its new Managing Director, effective April 10, 2025. Chaudhari, with over 30 years of industry experience and a 32-year association with the company, will succeed Anuj Jain. Previously an Executive Officer at Kansai Paint Co Ltd in Japan, Chaudhari brings international exposure to the role. This early announcement, made nearly two years in advance, demonstrates the company's proactive approach to succession planning.
05Mar 25
Kansai Nerolac Paints Sees Significant Reduction in Tax Demand
Kansai Nerolac Paints has received significant tax relief, with its tax demand reduced from ₹783 million to ₹151.6 million, an 80.6% reduction. The initial demand was raised due to discrepancies in Input Tax Credit claims for FY 2017-18. The company plans to appeal further to the GST Tribunal, asserting it has relevant records to support its claims. This development could positively impact the company's financial position, subject to the final outcome of the planned appeal.
Kansai Nerolac Paints
246.32
-1.86
(-0.75%)
1 Year Returns:-8.18%
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