Kansai Nerolac Paints (KANSAINER)₹200.98+1.61%Paints
In the Jun 2026 quarter (consolidated), Kansai Nerolac Paints reported sales of ₹2,373 Cr, up 9.9% from Jun 2025, and net profit of ₹228 Cr, up 5.6% year on year. For the year to Mar 2026, sales were ₹8,043 Cr and net profit ₹576 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,954 | 1,916 | 1,767 | 2,130 | 1,949 | 1,922 | 1,816 | 2,159 | 1,951 | 1,980 | 1,952 | 2,373 |
| Expenses | 1,678 | 1,669 | 1,585 | 1,796 | 1,734 | 1,681 | 1,646 | 1,853 | 1,733 | 1,737 | 1,731 | 2,038 |
| Operating Profit | 274 | 245 | 179 | 330 | 212 | 235 | 166 | 304 | 216 | 240 | 216 | 329 |
| OPM % | 14.0% | 13.0% | 10.0% | 15.0% | 11.0% | 12.0% | 9.0% | 14.0% | 11.0% | 12.0% | 11.0% | 14.0% |
| Other Income | 21.94 | 19.94 | 32.91 | 33.91 | 26.93 | 669 | 36.90 | 52.91 | 27.93 | −9.98 | 10.98 | 54.86 |
| Interest | 8.01 | 7.01 | 6.99 | 6.99 | 7.01 | 8.99 | 7.99 | 7.01 | 8.01 | 8.99 | 7.99 | 8.01 |
| Depreciation | 47.03 | 47.99 | 48.04 | 48.05 | 49.05 | 52.99 | 52.03 | 53.02 | 54.02 | 60.03 | 60.98 | 63.01 |
| Profit before tax | 239 | 207 | 157 | 307 | 183 | 842 | 144 | 294 | 181 | 161 | 158 | 311 |
| Tax % | 27.0% | 27.0% | 27.0% | 27.0% | 34.0% | 22.0% | 29.0% | 27.0% | 27.0% | 27.0% | 31.0% | 27.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 493 | 0.00 | 0.00 | 0.00 | −31.91 | −12.96 | 0.00 |
| Net Profit | 175 | 152 | 114 | 225 | 120 | 662 | 102 | 216 | 133 | 117 | 110 | 228 |
| EPS (Rs) | 2.18 | 1.90 | 1.43 | 2.85 | 1.51 | 8.41 | 1.33 | 2.72 | 1.66 | 1.49 | 1.38 | 2.85 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,762 | 4,051 | 4,656 | 5,416 | 5,273 | 5,070 | 6,368 | 7,537 | 7,792 | 7,818 | 8,043 | 8,256 |
| Expenses | 3,172 | 3,305 | 3,854 | 4,657 | 4,461 | 4,197 | 5,704 | 6,707 | 6,753 | 6,861 | 7,053 | 7,239 |
| Operating Profit | 586 | 738 | 796 | 754 | 806 | 865 | 650 | 819 | 1,031 | 944 | 977 | 1,001 |
| OPM % | 16.0% | 18.0% | 17.0% | 14.0% | 15.0% | 17.0% | 10.0% | 11.0% | 13.0% | 12.0% | 12.0% | 12.1% |
| Other Income | 561 | 97.81 | 70.85 | 60.90 | 25.93 | 37.93 | 24.94 | 25.95 | 751 | 767 | 82.83 | 83.79 |
| Interest | 0.00 | 0.00 | 1.01 | 9.99 | 20.99 | 23.98 | 28.99 | 28.99 | 28.99 | 30.99 | 31.99 | 33.00 |
| Depreciation | 67.99 | 70.05 | 77.04 | 106 | 142 | 165 | 170 | 180 | 190 | 202 | 228 | 238 |
| Profit before tax | 1,077 | 763 | 785 | 695 | 666 | 710 | 475 | 633 | 1,558 | 1,476 | 796 | 811 |
| Tax % | 16.0% | 33.0% | 35.0% | 36.0% | 23.0% | 26.0% | 28.0% | 26.0% | 25.0% | 25.0% | 28.0% | — |
| Exceptional items | 426 | 36.86 | 19.94 | 14.94 | 6.97 | 8.97 | 10.96 | 5.98 | 527 | 516 | 9.97 | −44.87 |
| Net Profit | 902 | 510 | 514 | 448 | 516 | 526 | 343 | 468 | 1,177 | 1,109 | 576 | 588 |
| EPS (Rs) | 11.13 | 6.28 | 6.35 | 5.59 | 6.43 | 6.54 | 4.43 | 5.85 | 14.65 | 14.11 | 7.28 | 7.38 |
| Dividend payout % | 18.0% | 32.0% | 27.0% | 31.0% | 33.0% | 53.0% | 34.0% | 31.0% | 26.0% | 27.0% | 51.0% | — |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 53.79 | 53.76 | 53.78 | 53.77 | 53.80 | 53.77 | 53.79 | 53.77 | 53.78 | 80.72 | 80.64 | 80.73 |
| Reserves | 1,548 | 2,456 | 2,762 | 3,077 | 3,361 | 3,705 | 4,000 | 4,076 | 4,478 | 5,503 | 6,339 | 6,635 |
| Borrowings | 50.89 | 45.86 | 28.91 | 34.91 | 108 | 241 | 172 | 203 | 160 | 275 | 295 | 302 |
| Other Liabilities | 717 | 682 | 789 | 957 | 991 | 877 | 1,301 | 1,368 | 1,607 | 1,544 | 1,493 | 1,687 |
| Total Liabilities | 2,369 | 3,236 | 3,633 | 4,124 | 4,513 | 4,879 | 5,527 | 5,700 | 6,297 | 7,403 | 8,209 | 8,703 |
| Fixed Assets | 913 | 934 | 955 | 1,033 | 1,463 | 1,903 | 1,907 | 1,992 | 2,102 | 2,176 | 2,241 | 2,398 |
| CWIP | 43.89 | 41.87 | 154 | 345 | 315 | 168 | 206 | 224 | 113 | 153 | 225 | 175 |
| Investments | 208 | 540 | 532 | 522 | 197 | 307 | 670 | 211 | 502 | 1,329 | 1,853 | 2,367 |
| Other Assets | 1,203 | 1,720 | 1,991 | 2,225 | 2,538 | 2,500 | 2,744 | 3,273 | 3,581 | 3,745 | 3,890 | 3,764 |
| Inventories | 555 | 584 | 704 | 831 | 1,112 | 1,009 | 1,199 | 1,633 | 1,733 | 1,691 | 1,667 | 1,531 |
| Trade receivables | 514 | 544 | 588 | 701 | 754 | 785 | 954 | 1,089 | 1,234 | 1,332 | 1,353 | 1,464 |
| Cash & equivalents | 33.90 | 478 | 260 | 363 | 95.72 | 191 | 125 | 106 | 127 | 259 | 289 | 225 |
| Total Assets | 2,369 | 3,236 | 3,633 | 4,124 | 4,513 | 4,879 | 5,527 | 5,700 | 6,297 | 7,403 | 8,209 | 8,703 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 305 | 392 | 351 | 360 | 99.96 | 595 | 646 | 24.99 | 408 | 903 | 673 | 894 |
| Cash from investing activity | −239 | 144 | −556 | −162 | 88.74 | −374 | −452 | 249 | −227 | −588 | −378 | −382 |
| Cash from financing activity | −86.81 | −91.88 | −215 | −192 | −223 | −141 | −274 | −308 | −133 | −249 | −365 | −402 |
| Net cash flow | −21.05 | 445 | −423 | 6.02 | −34.05 | 79.18 | −81.11 | −35.09 | 49.07 | 64.13 | −72.09 | 108 |
| Capex | 93.42 | 88.34 | 218 | 345 | 529 | 243 | 104 | 220 | 124 | 238 | 327 | 214 |
| Free cash flow | 214 | 303 | 134 | 16.96 | −424 | 355 | 543 | −192 | 286 | 665 | 346 | 680 |
| CFO / OP % | 95.0% | 110.0% | 78.0% | 80.0% | 55.0% | 95.0% | 93.0% | 29.0% | 73.0% | 111.0% | 99.0% | 115.0% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 54 | 53 | 53 | 55 | 51 | 54 | 69 | 63 | 60 | 62 | 63 | 67 |
| Inventory days | 95 | 90 | 123 | 107 | 132 | 127 | 158 | 153 | 134 | 136 | 133 | 119 |
| Days payable | 56 | 85 | 98 | 90 | 82 | 75 | 120 | 92 | 79 | 88 | 88 | 91 |
| Cash conversion cycle | 94 | 59 | 79 | 73 | 102 | 107 | 108 | 124 | 116 | 111 | 110 | 96 |
| Working capital days | 50 | 47 | 79 | 63 | 72 | 73 | 81 | 90 | 80 | 76 | 81 | 68 |
| ROCE % | 25.0% | 25.0% | 26.0% | 25.0% | 20.0% | 18.0% | 17.0% | 11.0% | 14.0% | 17.0% | 13.0% | 12.0% |
For the Jun 2026 quarter, Kansai Nerolac Paints reported sales of ₹2,373 Cr, up 9.9% year on year and net profit of ₹228 Cr, up 5.6% year on year. The operating margin was 14.0%.
Kansai Nerolac Paints' sales for the year to Mar 2026 were ₹8,043 Cr; over the last twelve months they were ₹8,256 Cr.
Net profit for the year to Mar 2026 was ₹576 Cr, and ₹588 Cr over the last twelve months. Earnings per share over the same trailing period were ₹7.38.
Kansai Nerolac Paints reported borrowings of ₹302 Cr at Mar 2026, against cash and equivalents of ₹225 Cr.
Cash from operations was ₹894 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹680 Cr.