Asian Paints vs Berger Paints vs Kansai Nerolac: Side-by-Side Comparison of India’s Top Paints Stocks
- September 22, 2026
- Posted by: Harsh Piplani
- Category: Uncategorized
Asian Paints, Berger Paints and Kansai Nerolac compared on market cap, valuation, ROE, 52-week range and dividend yield. Data as of September 2026.
Quick Answer
Asian Paints vs Berger Paints vs Kansai Nerolac is a side-by-side comparison of three of India’s leading paints companies. Asian Paints carries by far the largest market cap and highest ROE of the three, Berger Paints sits between the two on most valuation metrics, and Kansai Nerolac trades at the lowest PE and PB multiples alongside the highest dividend yield. Each company’s numbers are presented here without a declared “better” pick, since the right stock depends on an investor’s own criteria.
Asian Paints vs Berger Paints vs Kansai Nerolac starts with the core numbers most investors compare across leading paints companies: market capitalisation, valuation, profitability, and the 52-week trading range. Figures below are as of September 2026 and will shift with daily price moves.
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Asian Paints vs Berger Paints vs Kansai Nerolac: Key Metrics at a Glance
| Metric | Asian Paints | Berger Paints | Kansai Nerolac |
|---|---|---|---|
| Market Cap (approx.) | Rs 2,63,971 crore | Rs 64,456 crore | Rs 17,032 crore |
| PE Ratio (TTM) | 55.40 | 52.98 | 28.38 |
| PB Ratio | 12.35 | 9.32 | 2.54 |
| ROE (%) | 20.23% | 16.29% | 8.78% |
| 52-Week High | Rs 2,985.70 | Rs 594.55 | Rs 264.00 |
| 52-Week Low | Rs 2,115.00 | Rs 391.10 | Rs 157.91 |
| Dividend Yield | 1.00% | 0.72% | 1.19% |
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Valuation Comparison: PE and PB Ratios
On valuation, Kansai Nerolac trades at the lowest PE ratio of the three at 28.38, Berger Paints follows at 52.98, while Asian Paints commands the highest PE at 55.40. The same pattern holds on price-to-book, with Kansai Nerolac at 2.54 times book value, Berger Paints at 9.32 times, and Asian Paints at 12.35 times.
Profitability Comparison: Return on Equity
On return on equity, Asian Paints leads the trio comfortably at 20.23%, ahead of Berger Paints at 16.29% and Kansai Nerolac at 8.78%, a gap that has historically supported Asian Paints’ premium valuation relative to its smaller peers.
52-Week Trading Range Comparison
Asian Paints has traded in the widest absolute price band of the three over the past 52 weeks, between Rs 2,115.00 and Rs 2,985.70, followed by Berger Paints between Rs 391.10 and Rs 594.55. Kansai Nerolac has moved in a narrower range of Rs 157.91 to Rs 264.00.
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Dividend Yield Comparison
Kansai Nerolac offers the highest dividend yield among the three at 1.19%, ahead of Asian Paints at 1.00% and Berger Paints at 0.72%, a relatively unusual pattern given Kansai Nerolac’s smaller size and lower ROE compared with its larger peers.
What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three paints companies should track volume growth trends, competitive intensity following new entrants into India’s paints industry, and each company’s distribution reach, since these factors have become increasingly important to the sector’s growth narrative in recent years.
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Snapshot: Asian Paints vs Berger Paints vs Kansai Nerolac is a widely searched comparison among investors tracking this sector. Asian Paints vs Berger Paints vs Kansai Nerolac highlights differences in valuation. Asian Paints vs Berger Paints vs Kansai Nerolac highlights differences in profitability. Asian Paints vs Berger Paints vs Kansai Nerolac highlights differences in dividend yield. Asian Paints vs Berger Paints vs Kansai Nerolac is best read as a factual snapshot rather than a recommendation.
In short: Asian Paints vs Berger Paints vs Kansai Nerolac remains one of the most-searched sector comparisons on Dalal Street. Asian Paints vs Berger Paints vs Kansai Nerolac draws attention every earnings season. Asian Paints vs Berger Paints vs Kansai Nerolac is tracked closely by retail and institutional investors alike. Asian Paints vs Berger Paints vs Kansai Nerolac numbers should always be checked live before acting.
Quick recap: Asian Paints vs Berger Paints vs Kansai Nerolac. Asian Paints vs Berger Paints vs Kansai Nerolac. Asian Paints vs Berger Paints vs Kansai Nerolac data as of September 2026.
Conclusion
Asian Paints vs Berger Paints vs Kansai Nerolac highlights how differently three leading names in the same sector can score across valuation, profitability and dividend metrics, even when operating in the same space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Asian Paints vs Berger Paints vs Kansai Nerolac
What is the market cap difference between Asian Paints, Berger Paints and Kansai Nerolac?
Ans. As of September 2026, Asian Paints has a market cap of approximately Rs 2,63,971 crore, Berger Paints is at approximately Rs 64,456 crore, and Kansai Nerolac is at approximately Rs 17,032 crore.
Which of the three has the highest PE ratio?
Ans. Among Asian Paints, Berger Paints and Kansai Nerolac, the PE ratios stand at 55.40, 52.98 and 28.38 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Asian Paints, Berger Paints and Kansai Nerolac post ROE of 20.23%, 16.29% and 8.78% respectively as of September 2026.
What is the 52-week range for Asian Paints, Berger Paints and Kansai Nerolac?
Ans. Asian Paints has traded between Rs 2,115.00 and Rs 2,985.70, Berger Paints between Rs 391.10 and Rs 594.55, and Kansai Nerolac between Rs 157.91 and Rs 264.00 over the past 52 weeks.
Which of these three stocks pays the highest dividend yield?
Ans. Asian Paints, Berger Paints and Kansai Nerolac carry dividend yields of 1.00%, 0.72% and 1.19% respectively as of September 2026.
Why does Asian Paints trade at a higher valuation than its peers?
Ans. Asian Paints trades at a higher valuation partly because of its considerably higher ROE of 20.23% compared with Berger Paints and Kansai Nerolac, along with its dominant market position in India’s decorative paints segment.
Which paints stock has the highest dividend yield?
Ans. Kansai Nerolac has the highest dividend yield among the three at 1.19%, ahead of Asian Paints at 1.00% and Berger Paints at 0.72%.
Is one of Asian Paints, Berger Paints or Kansai Nerolac better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.
