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Compare Asian Paints with Kansai Nerolac - Equitymaster

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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 
   Change

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

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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 Rs1,261608 207.5%   
Low Rs1,034372 277.9%   
Sales per share (Unadj.) Rs175.486.4 202.9%  
Earnings per share (Unadj.) Rs21.19.5 221.7%  
Cash flow per share (Unadj.) Rs24.911.0 227.0%  
Dividends per share (Unadj.) Rs8.702.60 334.6%  
Dividend yield (eoy) %0.80.5 142.9%  
Book value per share (Unadj.) Rs87.758.1 150.8%  
Shares outstanding (eoy) m959.20538.90 178.0%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x6.55.7 115.4%   
Avg P/E ratio x54.351.4 105.6%  
P/CF ratio (eoy) x46.144.7 103.2%  
Price / Book Value ratio x13.18.4 155.3%  
Dividend payout %41.227.3 150.9%   
Avg Mkt Cap Rs m1,100,778264,061 416.9%   
No. of employees `0006.22.9 218.0%   
Total wages/salary Rs m11,1552,351 474.5%   
Avg. sales/employee Rs Th26,971.116,281.4 165.7%   
Avg. wages/employee Rs Th1,788.2821.7 217.6%   
Avg. net profit/employee Rs Th3,250.31,795.9 181.0%   
INCOME DATA
Net Sales Rs m168,24646,581 361.2%  
Other income Rs m2,206709 311.1%   
Total revenues Rs m170,45247,290 360.4%   
Gross profit Rs m31,9767,932 403.1%  
Depreciation Rs m3,605771 467.5%   
Interest Rs m3510-   
Profit before tax Rs m30,2277,870 384.1%   
Minority Interest Rs m4580-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m10,4102,732 381.0%   
Profit after tax Rs m20,2755,138 394.6%  
Gross profit margin %19.017.0 111.6%  
Effective tax rate %34.434.7 99.2%   
Net profit margin %12.111.0 109.3%  
BALANCE SHEET DATA
Current assets Rs m69,14125,850 267.5%   
Current liabilities Rs m44,5118,900 500.1%   
Net working cap to sales %14.636.4 40.2%  
Current ratio x1.62.9 53.5%  
Inventory Days Days5865 88.8%  
Debtors Days Days3855 68.2%  
Net fixed assets Rs m51,37413,815 371.9%   
Share capital Rs m959539 178.0%   
"Free" reserves Rs m83,14330,784 270.1%   
Net worth Rs m84,10231,323 268.5%   
Long term debt Rs m28397 291.8%   
Total assets Rs m137,83341,299 333.7%  
Interest coverage x87.2NM-  
Debt to equity ratio x00 108.7%  
Sales to assets ratio x1.21.1 108.2%   
Return on assets %15.012.4 120.3%  
Return on equity %24.116.4 147.0%  
Return on capital %36.825.0 146.8%  
Exports to sales %00.1 0.0%   
Imports to sales %023.4 0.0%   
Exports (fob) Rs mNA50 0.0%   
Imports (cif) Rs mNA10,921 0.0%   
Fx inflow Rs m1,47251 2,886.5%   
Fx outflow Rs m26,47410,921 242.4%   
Net fx Rs m-25,002-10,870 230.0%   
CASH FLOW
From Operations Rs m21,1343,593 588.2%  
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-8,21876 -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 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare ASIAN PAINTS With:   BERGER PAINTS  ASAHI SONGWON  SHALIMAR PAINTS  AKZO NOBEL  

Compare ASIAN PAINTS With:   PPG IND. (US)  AKZO NOBEL (Netherland)  



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, 2018

Here'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, 2018

For 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, 2018

For 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, 2018

For 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, 2018

For 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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