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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 89.9 63.6 141.2% View Chart
P/BV x 20.5 8.0 255.9% View Chart
Dividend Yield % 0.6 0.5 108.3%  

Financials

 ASIAN PAINTS   KANSAI NEROLAC
EQUITY SHARE DATA
    ASIAN PAINTS
Mar-20
KANSAI NEROLAC
Mar-19
ASIAN PAINTS/
KANSAI NEROLAC
5-Yr Chart
Click to enlarge
High Rs1,916540 354.8%   
Low Rs1,292343 376.5%   
Sales per share (Unadj.) Rs210.7100.7 209.3%  
Earnings per share (Unadj.) Rs29.08.3 348.8%  
Cash flow per share (Unadj.) Rs37.110.3 361.0%  
Dividends per share (Unadj.) Rs12.002.60 461.5%  
Dividend yield (eoy) %0.70.6 127.1%  
Book value per share (Unadj.) Rs105.663.4 166.6%  
Shares outstanding (eoy) m959.20538.90 178.0%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x7.64.4 173.5%   
Avg P/E ratio x55.453.1 104.2%  
P/CF ratio (eoy) x43.242.9 100.6%  
Price / Book Value ratio x15.27.0 218.0%  
Dividend payout %41.431.3 132.3%   
Avg Mkt Cap Rs m1,538,269237,924 646.5%   
No. of employees `0006.83.0 225.3%   
Total wages/salary Rs m13,6612,834 482.0%   
Avg. sales/employee Rs Th29,938.218,099.2 165.4%   
Avg. wages/employee Rs Th2,023.5945.6 214.0%   
Avg. net profit/employee Rs Th4,116.61,493.8 275.6%   
INCOME DATA
Net Sales Rs m202,11354,243 372.6%  
Other income Rs m3,043605 502.8%   
Total revenues Rs m205,15654,848 374.0%   
Gross profit Rs m41,6187,526 553.0%  
Depreciation Rs m7,8051,063 734.2%   
Interest Rs m1,023100 1,023.3%   
Profit before tax Rs m35,8336,968 514.2%   
Minority Interest Rs m5070-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m8,5492,491 343.2%   
Profit after tax Rs m27,7914,477 620.8%  
Gross profit margin %20.613.9 148.4%  
Effective tax rate %23.935.7 66.7%   
Net profit margin %13.88.3 166.6%  
BALANCE SHEET DATA
Current assets Rs m75,80123,204 326.7%   
Current liabilities Rs m43,8039,504 460.9%   
Net working cap to sales %15.825.3 62.7%  
Current ratio x1.72.4 70.9%  
Inventory Days Days6175 81.9%  
Debtors Days Days3251 63.8%  
Net fixed assets Rs m64,12617,814 360.0%   
Share capital Rs m959539 178.0%   
"Free" reserves Rs m100,34233,624 298.4%   
Net worth Rs m101,30234,163 296.5%   
Long term debt Rs m18644 428.3%   
Total assets Rs m161,54845,179 357.6%  
Interest coverage x36.070.7 51.0%   
Debt to equity ratio x00 144.4%  
Sales to assets ratio x1.31.2 104.2%   
Return on assets %17.810.1 176.1%  
Return on equity %27.413.1 209.3%  
Return on capital %36.820.7 178.2%  
Exports to sales %00-   
Imports to sales %00-   
Exports (fob) Rs mNANA-   
Imports (cif) Rs mNANA-   
Fx inflow Rs m1,40878 1,796.3%   
Fx outflow Rs m28,31612,104 233.9%   
Net fx Rs m-26,908-12,025 223.8%   
CASH FLOW
From Operations Rs m26,319999 2,634.0%  
From Investments Rs m-5,214885 -589.5%  
From Financial Activity Rs m-24,652-2,229 1,106.0%  
Net Cashflow Rs m-3,512-345 1,017.4%  

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:   SHALIMAR PAINTS  BERGER PAINTS  ASAHI SONGWON  AKZO NOBEL  

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



Today's Market

Sensex Opens Flat; Kotak Mahindra Bank Jumps 6%(09:30 am)

Asian stock markets are lower today as soaring global coronavirus cases and slow progress on a US stimulus deal dampened investor sentiment.

Related Views on News

ASIAN PAINTS Announces Quarterly Results (2QFY21); Net Profit Up 1.3% (Quarterly Result Update)

Oct 23, 2020 | Updated on Oct 23, 2020

For the quarter ended September 2020, ASIAN PAINTS has posted a net profit of Rs 8 bn (up 1.3% YoY). Sales on the other hand came in at Rs 54 bn (up 5.9% YoY). Read on for a complete analysis of ASIAN PAINTS's quarterly results.

KANSAI NEROLAC Announces Quarterly Results (1QFY21); Net Profit Down 71.1% (Quarterly Result Update)

Aug 21, 2020 | Updated on Aug 21, 2020

For the quarter ended June 2020, KANSAI NEROLAC has posted a net profit of Rs 427 m (down 71.1% YoY). Sales on the other hand came in at Rs 6 bn (down 59.1% YoY). Read on for a complete analysis of KANSAI NEROLAC's quarterly results.

ASIAN PAINTS 2019-20 Annual Report Analysis (Annual Result Update)

Aug 5, 2020 | Updated on Aug 5, 2020

Here's an analysis of the annual report of ASIAN PAINTS for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of ASIAN PAINTS. Also includes updates on the valuation of ASIAN PAINTS.

ASIAN PAINTS Announces Quarterly Results (1QFY21); Net Profit Down 64.6% (Quarterly Result Update)

Jul 30, 2020 | Updated on Jul 30, 2020

For the quarter ended June 2020, ASIAN PAINTS has posted a net profit of Rs 2 bn (down 64.6% YoY). Sales on the other hand came in at Rs 29 bn (down 43.0% YoY). Read on for a complete analysis of ASIAN PAINTS's quarterly results.

KANSAI NEROLAC Announces Quarterly Results (4QFY20); Net Profit Down 23.0% (Quarterly Result Update)

May 7, 2020 | Updated on May 7, 2020

For the quarter ended March 2020, KANSAI NEROLAC has posted a net profit of Rs 715 m (down 23.0% YoY). Sales on the other hand came in at Rs 10 bn (down 13.5% YoY). Read on for a complete analysis of KANSAI NEROLAC's quarterly results.

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