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- ASIAN PAINTS - KANSAI NEROLAC
ASIAN PAINTS vs KANSAI NEROLAC - Comparison Results
ASIAN PAINTS 
Change
Asian Paints is the leader in the Indian paint industry. Through a 50:50 joint venture with PPG Industries, US, the company also has presence in the automotive paints segment. In FY12, the company announced its plan forming a new 50:50 joint venture ... More
KANSAI NEROLAC
Kansai Nerolac Limited (KNL) is the second largest coating company in India and a market leader in the area of industrial coatings. The latter services clients in the automotive, powder, general Industrial and high performance coatings space. KNL is ... More
Current Valuations
| ASIAN PAINTS | KANSAI NEROLAC | ASIAN PAINTS/ KANSAI NEROLAC |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 59.3 | 48.2 | 123.0% | View Chart |
| P/BV | x | 14.9 | 7.9 | 187.7% | View Chart |
| Dividend Yield | % | 0.7 | 0.6 | 118.1% |
Financials
 ASIAN PAINTS  KANSAI NEROLAC |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| ASIAN PAINTS Mar-18 |
KANSAI NEROLAC Mar-18 |
ASIAN PAINTS/ KANSAI NEROLAC |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 1,261 | 608 | 207.5% | |
| Low | Rs | 1,034 | 372 | 277.9% | |
| Sales per share (Unadj.) | Rs | 175.4 | 86.4 | 202.9% | |
| Earnings per share (Unadj.) | Rs | 21.1 | 9.5 | 221.7% | |
| Cash flow per share (Unadj.) | Rs | 24.9 | 11.0 | 227.0% | |
| Dividends per share (Unadj.) | Rs | 8.70 | 2.60 | 334.6% | |
| Dividend yield (eoy) | % | 0.8 | 0.5 | 142.9% | |
| Book value per share (Unadj.) | Rs | 87.7 | 58.1 | 150.8% | |
| Shares outstanding (eoy) | m | 959.20 | 538.90 | 178.0% | |
| Bonus/Rights/Conversions | - | - | - | ||
| Price / Sales ratio | x | 6.5 | 5.7 | 115.4% | |
| Avg P/E ratio | x | 54.3 | 51.4 | 105.6% | |
| P/CF ratio (eoy) | x | 46.1 | 44.7 | 103.2% | |
| Price / Book Value ratio | x | 13.1 | 8.4 | 155.3% | |
| Dividend payout | % | 41.2 | 27.3 | 150.9% | |
| Avg Mkt Cap | Rs m | 1,100,778 | 264,061 | 416.9% | |
| No. of employees | `000 | 6.2 | 2.9 | 218.0% | |
| Total wages/salary | Rs m | 11,155 | 2,351 | 474.5% | |
| Avg. sales/employee | Rs Th | 26,971.1 | 16,281.4 | 165.7% | |
| Avg. wages/employee | Rs Th | 1,788.2 | 821.7 | 217.6% | |
| Avg. net profit/employee | Rs Th | 3,250.3 | 1,795.9 | 181.0% | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 168,246 | 46,581 | 361.2% | |
| Other income | Rs m | 2,206 | 709 | 311.1% | |
| Total revenues | Rs m | 170,452 | 47,290 | 360.4% | |
| Gross profit | Rs m | 31,976 | 7,932 | 403.1% | |
| Depreciation | Rs m | 3,605 | 771 | 467.5% | |
| Interest | Rs m | 351 | 0 | - | |
| Profit before tax | Rs m | 30,227 | 7,870 | 384.1% | |
| Minority Interest | Rs m | 458 | 0 | - | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 10,410 | 2,732 | 381.0% | |
| Profit after tax | Rs m | 20,275 | 5,138 | 394.6% | |
| Gross profit margin | % | 19.0 | 17.0 | 111.6% | |
| Effective tax rate | % | 34.4 | 34.7 | 99.2% | |
| Net profit margin | % | 12.1 | 11.0 | 109.3% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 69,141 | 25,850 | 267.5% | |
| Current liabilities | Rs m | 44,511 | 8,900 | 500.1% | |
| Net working cap to sales | % | 14.6 | 36.4 | 40.2% | |
| Current ratio | x | 1.6 | 2.9 | 53.5% | |
| Inventory Days | Days | 58 | 65 | 88.8% | |
| Debtors Days | Days | 38 | 55 | 68.2% | |
| Net fixed assets | Rs m | 51,374 | 13,815 | 371.9% | |
| Share capital | Rs m | 959 | 539 | 178.0% | |
| "Free" reserves | Rs m | 83,143 | 30,784 | 270.1% | |
| Net worth | Rs m | 84,102 | 31,323 | 268.5% | |
| Long term debt | Rs m | 283 | 97 | 291.8% | |
| Total assets | Rs m | 137,833 | 41,299 | 333.7% | |
| Interest coverage | x | 87.2 | NM | - | |
| Debt to equity ratio | x | 0 | 0 | 108.7% | |
| Sales to assets ratio | x | 1.2 | 1.1 | 108.2% | |
| Return on assets | % | 15.0 | 12.4 | 120.3% | |
| Return on equity | % | 24.1 | 16.4 | 147.0% | |
| Return on capital | % | 36.8 | 25.0 | 146.8% | |
| Exports to sales | % | 0 | 0.1 | 0.0% | |
| Imports to sales | % | 0 | 23.4 | 0.0% | |
| Exports (fob) | Rs m | NA | 50 | 0.0% | |
| Imports (cif) | Rs m | NA | 10,921 | 0.0% | |
| Fx inflow | Rs m | 1,472 | 51 | 2,886.5% | |
| Fx outflow | Rs m | 26,474 | 10,921 | 242.4% | |
| Net fx | Rs m | -25,002 | -10,870 | 230.0% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 21,134 | 3,593 | 588.2% | |
| From Investments | Rs m | -15,993 | -1,627 | 982.7% | |
| From Financial Activity | Rs m | -13,791 | -1,890 | 729.7% | |
| Net Cashflow | Rs m | -8,218 | 76 | -10,827.9% | |
Share Holding
| Indian Promoters | % | 52.8 | 0.0 | - | |
| Foreign collaborators | % | 0.0 | 69.3 | - | |
| Indian inst/Mut Fund | % | 8.8 | 6.0 | 146.7% | |
| FIIs | % | 18.1 | 9.7 | 186.6% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 20.3 | 15.0 | 135.3% | |
| Shareholders | 147,143 | 16,881 | 871.6% | ||
| Pledged promoter(s) holding | % | 13.8 | 0.0 | - |
Compare ASIAN PAINTS With: BERGER PAINTS ASAHI SONGWON SHALIMAR PAINTS AKZO NOBEL
Compare ASIAN PAINTS With: PPG IND. (US) AKZO NOBEL (Netherland)
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Today's Market
Sensex Remains Rangebound; HDFC AMC & Reliance Nippon Tumble Over 8%(12:30 pm)
Stock markets in India are trading in a range with positive bias in the afternoon session amid firm cues in the Asian markets and a recovery in rupee. Gains are largely seen in metal stocks and energy stocks.
Related Views on News
ASIAN PAINTS 2017-18 Annual Report Analysis (Annual Result Update)
Aug 8, 2018 | Updated on Aug 8, 2018Here's an analysis of the annual report of ASIAN PAINTS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ASIAN PAINTS. Also includes updates on the valuation of ASIAN PAINTS.
KANSAI NEROLAC Announces Quarterly Results (1QFY19); Net Profit Down 0.7% (Quarterly Result Update)
Jul 25, 2018 | Updated on Jul 25, 2018For the quarter ended June 2018, KANSAI NEROLAC has posted a net profit of Rs 1 bn (down 0.7% YoY). Sales on the other hand came in at Rs 14 bn (up 3.2% YoY). Read on for a complete analysis of KANSAI NEROLAC's quarterly results.
ASIAN PAINTS Announces Quarterly Results (1QFY19); Net Profit Up 27.8% (Quarterly Result Update)
Jul 25, 2018 | Updated on Jul 25, 2018For the quarter ended June 2018, ASIAN PAINTS has posted a net profit of Rs 6 bn (up 27.8% YoY). Sales on the other hand came in at Rs 44 bn (up 4.0% YoY). Read on for a complete analysis of ASIAN PAINTS's quarterly results.
KANSAI NEROLAC Announces Quarterly Results (4QFY18); Net Profit Down 8.9% (Quarterly Result Update)
Jul 20, 2018 | Updated on Jul 20, 2018For the quarter ended March 2018, KANSAI NEROLAC has posted a net profit of Rs 1 bn (down 8.9% YoY). Sales on the other hand came in at Rs 11 bn (up 4.1% YoY). Read on for a complete analysis of KANSAI NEROLAC's quarterly results.
ASIAN PAINTS Announces Quarterly Results (4QFY18); Net Profit Up 4.7% (Quarterly Result Update)
Jul 19, 2018 | Updated on Jul 19, 2018For the quarter ended March 2018, ASIAN PAINTS has posted a net profit of Rs 5 bn (up 4.7% YoY). Sales on the other hand came in at Rs 45 bn (up 1.7% YoY). Read on for a complete analysis of ASIAN PAINTS's quarterly results.
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Sep 19, 2018 01:05 PM
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