Kansai Nerolac Paints Limited (500165) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Kansai Nerolac Paints Limited ₹75.83, price ₹175, upside -56.7%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Kansai Nerolac Paints Limited
500165 · BSEStretched ValuationStrong overvaluation with only moderate quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹157.26 – ₹420.09 · fair‑value band ₹56.99 – ₹98.58 · the ₹175.30 price screens above the ₹75.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Kansai Nerolac Paints Limited manufactures and sells paints in India. It offers decorative, automotive, auto refinish, wood coating, general industrial, performance coating, powder coating, metal enamel, and ancillary paints.
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Kansai Nerolac Paints Limited manufactures and sells paints in India. It offers decorative, automotive, auto refinish, wood coating, general industrial, performance coating, powder coating, metal enamel, and ancillary paints. The company was formerly known as Goodlass Nerolac Paints Limited and changed its name to Kansai Nerolac Paints Limited in April 2006. The company was founded in 1920 and is based in Mumbai, India. Kansai Nerolac Paints Limited is a subsidiary of Kansai Paint Co., Ltd.
Stock analysis
Kansai Nerolac Paints Limited (500165) currently trades at ₹175.30, while our model-based Fair Value estimate is ₹75.83, 56.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ₹79.70 per share, and 0 of the 24 models we run sit above the ₹175.30 price.
Bear case: the Earnings-Based group reads lowest at ₹22.69, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹56.99 (bear) to ₹98.58 (bull), the price of ₹175.30 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kansai Nerolac Paints Limited reported revenue of ₹80.2B in FY2025 versus ₹63.7B in FY2021, a compound +5.9%/yr. Reported net income was ₹5.9B in FY2025, compounding +13.2%/yr from FY2021.
Key figures
Market cap ₹233B (≈ $2.4B) · P/E ratio 44.7 · P/S ratio 3.29 · EPS (TTM) ₹9.67 · Dividend yield 1.3% · Net margin 7.3% · Return on assets (EBIT) 11.0% · Free cash flow ₹6.8B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 11% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at −57%, 500165 screens richer than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 36
Revenue & earnings trend
Growth Forecast
500165 screens overvalued: fair value 57% below the price. Compare with BASF SE →
Compare Kansai Nerolac Paints Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Chemicals · 340 stocks
Valuation Multiplesvs Chemicals median · lower = cheaper
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Chemicals stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BASF SE BAS | €49.93 | €24.40 | −51% |
| Ningxia Baofeng Energy Group 600989 | ¥22.33 | ¥40.44 | +81% |
| Dow Inc DOW | $27.59 | $20.98 | −24% |
| Hengli Petrochemical Co 600346 | ¥16.15 | ¥43.28 | +168% |
| Zangge Mining Company 000408 | ¥71.46 | ¥78.61 | +10% |
| LG Chem, Ltd 051910 | 252,500 KRW | 587,755 KRW | +133% |
| Zhejiang Juhua Co 600160 | ¥33.97 | ¥19.25 | −43% |
| Jiangsu Eastern Shenghong Co 000301 | ¥13.36 | ¥3.06 | −77% |
| Formosa Chemicals & Fibre Corporation 1326 | 67.00 TWD | 17.68 TWD | −74% |
| Syensqo SA SYENS | €78.20 | €32.87 | −58% |
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Key figures of Kansai Nerolac Paints Limited
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