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Compare Kansai Nerolac with Asian Paints - Equitymaster
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KANSAI NEROLAC vs ASIAN PAINTS - Comparison Results

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

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

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Current Valuations

    KANSAI NEROLAC ASIAN PAINTS KANSAI NEROLAC/
ASIAN PAINTS
 
P/E (TTM) x 50.7 56.2 90.1% View Chart
P/BV x 9.4 14.1 66.4% View Chart
Dividend Yield % 0.6 0.9 66.6%  

Financials

 KANSAI NEROLAC   ASIAN PAINTS
EQUITY SHARE DATA
    KANSAI NEROLAC
Mar-17
ASIAN PAINTS
Mar-17
KANSAI NEROLAC/
ASIAN PAINTS
5-Yr Chart
Click to enlarge
High Rs4031,230 32.8%   
Low Rs279843 33.1%   
Sales per share (Unadj.) Rs75.2159.4 47.2%  
Earnings per share (Unadj.) Rs9.521.0 45.0%  
Cash flow per share (Unadj.) Rs10.824.6 43.9%  
Dividends per share (Unadj.) Rs3.0010.30 29.1%  
Dividend yield (eoy) %0.91.0 88.5%  
Book value per share (Unadj.) Rs52.279.3 65.9%  
Shares outstanding (eoy) m538.90959.20 56.2%   
Bonus/Rights/Conversions ---  
Price / Sales ratio x4.56.5 69.7%   
Avg P/E ratio x36.049.3 73.1%  
P/CF ratio (eoy) x31.742.2 75.0%  
Price / Book Value ratio x6.513.1 49.9%  
Dividend payout %31.749.0 64.7%   
Avg Mkt Cap Rs m183,765994,259 18.5%   
No. of employees `0002.76.2 43.8%   
Total wages/salary Rs m2,02610,863 18.7%   
Avg. sales/employee Rs Th15,026.124,837.9 60.5%   
Avg. wages/employee Rs Th751.21,764.6 42.6%   
Avg. net profit/employee Rs Th1,891.43,275.2 57.7%   
INCOME DATA
Net Sales Rs m40,525152,902 26.5%  
Other income Rs m9802,626 37.3%   
Total revenues Rs m41,505155,528 26.7%   
Gross profit Rs m7,37430,214 24.4%  
Depreciation Rs m7013,388 20.7%   
Interest Rs m0306 0.0%   
Profit before tax Rs m7,65329,146 26.3%   
Minority Interest Rs m0496 0.0%   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m2,5529,480 26.9%   
Profit after tax Rs m5,10120,162 25.3%  
Gross profit margin %18.219.8 92.1%  
Effective tax rate %33.332.5 102.5%   
Net profit margin %12.613.2 95.5%  
BALANCE SHEET DATA
Current assets Rs m23,90369,657 34.3%   
Current liabilities Rs m7,01738,849 18.1%   
Net working cap to sales %41.720.1 206.8%  
Current ratio x3.41.8 190.0%  
Inventory Days Days6363 101.0%  
Debtors Days Days5335 154.0%  
Net fixed assets Rs m11,11835,597 31.2%   
Share capital Rs m539959 56.2%   
"Free" reserves Rs m27,60675,064 36.8%   
Net worth Rs m28,14576,023 37.0%   
Long term debt Rs m182411 44.3%   
Total assets Rs m36,363124,198 29.3%  
Interest coverage xNM96.3-  
Debt to equity ratio x00 119.7%  
Sales to assets ratio x1.11.2 90.5%   
Return on assets %14.016.5 85.1%  
Return on equity %18.126.5 68.3%  
Return on capital %27.039.2 69.0%  
Exports to sales %0.10.9 6.2%   
Imports to sales %013.7 0.0%   
Exports (fob) Rs m221,336 1.6%   
Imports (cif) Rs mNA20,954 0.0%   
Fx inflow Rs m231,336 1.7%   
Fx outflow Rs m9,33622,014 42.4%   
Net fx Rs m-9,313-20,678 45.0%   
CASH FLOW
From Operations Rs m3,51215,273 23.0%  
From Investments Rs m-5,573-6,561 84.9%  
From Financial Activity Rs m-2,162-7,564 28.6%  
Net Cashflow Rs m-4,2231,148 -367.8%  

Share Holding

Indian Promoters % 0.0 52.8 -  
Foreign collaborators % 69.3 0.0 -  
Indian inst/Mut Fund % 6.0 8.8 68.2%  
FIIs % 9.7 18.1 53.6%  
ADR/GDR % 0.0 0.0 -  
Free float % 15.0 20.3 73.9%  
Shareholders   16,881 147,143 11.5%  
Pledged promoter(s) holding % 0.0 13.8 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare KANSAI NEROLAC With:   SHALIMAR PAINTS  BERGER PAINTS  ASAHI SONGWON  AKZO NOBEL  

Compare KANSAI NEROLAC With:   PPG IND. (US)  AKZO NOBEL (Netherland)  



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Feb 20, 2018 09:49 AM

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