Is Kansai Nerolac Paints the Best Stock in Its Sector? A Look at the Numbers
- October 16, 2026
- Posted by: Ankit Jaiswal
- Category: Market
Kansai Nerolac Paints CMP Rs 179 (16 Oct 2026). Market cap Rs 14,450 Cr. ROE 8.78%. P/E 24.54x versus Industry P/E 42.98x.
Quick Answer
Kansai Nerolac Paints is one of the names investors compare when screening the Paints sector. Whether it is the best stock in its sector depends on whether an investor prioritises return ratios, valuation or balance sheet strength. This article sets it against two named peers and the sector benchmark so you can judge for yourself.
Is Kansai Nerolac Paints the best stock in its sector? The stock trades on the NSE at Rs 179 as of 16 October 2026, within its 52-week range of Rs 157.91 to Rs 264.00. The sections below cover the business, the key ratios, a peer comparison and a closer look at valuation.
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About Kansai Nerolac Paints
Kansai Nerolac Paints Ltd is a Mumbai based paint company that is part of the Japanese Kansai Paint group. It sells decorative paints through dealers and is also a major supplier of coatings to the automotive and industrial sectors. At a market capitalisation of Rs 14,450 Cr, it is tracked as part of the Paints sector on Univest.
Is Kansai Nerolac Paints the Best Stock in Its Sector?
Kansai Nerolac Paints makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, backed by its return on equity. Kansai Nerolac Paints’ 24.54x P/E is below the 42.98x Industry P/E, Berger Paints India at 45.51x and Asian Paints at 46.58x, while its 8.78% ROE is lower than Berger Paints India at 16.29% and Asian Paints at 20.24%, and its debt to equity ratio of 0.05 is below Berger Paints India at 0.09 and Asian Paints at 0.18.
| Metric | Kansai Nerolac Paints |
|---|---|
| CMP (NSE) | Rs 178.99 |
| 52-Week High / Low | Rs 264.00 / Rs 157.91 |
| Market Cap | Rs 14,450 Cr |
| P/E (TTM) vs Industry P/E | 24.54x vs 42.98x |
| P/B | 2.15 |
| ROE | 8.78% |
| EPS (TTM) | Rs 7.28 |
| Dividend Yield | 2.10% |
| Debt to Equity | 0.05 |
Compare Kansai Nerolac Paints Against Other Paints Sector Stocks
How Kansai Nerolac Paints Compares Against Its Paints Sector Peers
The table below sets Kansai Nerolac Paints against 2 other Paints sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.
| Company | Market Cap (Rs Cr) | P/E | ROE | Debt to Equity |
|---|---|---|---|---|
| Kansai Nerolac Paints | 14,450 | 24.54 | 8.78% | 0.05 |
| Berger Paints India | 55,455 | 45.51 | 16.29% | 0.09 |
| Asian Paints | 2,25,316 | 46.58 | 20.24% | 0.18 |
| Peer average (2 companies) | – | 46.05 | 18.27% | 0.14 |
Measured against the peer averages, Kansai Nerolac Paints’ P/E is 47 percent below the 46.05x average, and its ROE is 9.49 percentage points below the 18.27% average. An average of just two companies is a rough guide, so treat the gap as a pointer for further research and not as a verdict.
What Makes Kansai Nerolac Paints Worth Watching in Paints
- Scale: At Rs 14,450 Cr, its market capitalisation is smaller than Berger Paints India (Rs 55,455 Cr) and Asian Paints (Rs 2,25,316 Cr), which is a useful reminder that the peers differ in size as well as in valuation.
- Sector drivers: Housing and repainting demand, together with automotive production volumes, shapes both its decorative and industrial segments.
- Key risk: Intense competition from larger and newer paint makers and volatile raw material costs can squeeze margins, and the share price is well below its 52-week high.
Kansai Nerolac Paints Valuation: Is It Justified?
At a P/B ratio of 2.15, the market pays about Rs 2.15 for every rupee of book value, and the EPS (TTM) of Rs 7.28 is the earnings base behind the P/E. The stock trades about 32 percent below its 52-week high and about 13 percent above its 52-week low. The dividend yield of 2.10% adds a meaningful income component on top of any price movement. As with any single stock, investors should weigh these figures against their own valuation discipline and risk appetite rather than the sector label alone.
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Download the Univest iOS App or Univest Android App to track Kansai Nerolac Paints and other Paints sector stocks.
How to Track Kansai Nerolac Paints Before You Invest
Before deciding whether Kansai Nerolac Paints deserves its label as the best stock in its sector for your own portfolio, compare it directly against Paints sector peers using the steps below.
- Open the Univest Screener and search for Kansai Nerolac Paints to view live price, valuation ratios, and peer comparisons within the Paints sector.
- Compare its P/E, P/B, and ROE against other Paints sector stocks before deciding if the current valuation fits your strategy.
- Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
- Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.
Conclusion
Kansai Nerolac Paints gives investors a clear set of numbers to work with, from returns and valuation to leverage and peer standing. Whether it earns the label of best stock in Paints depends on how much weight you give each of them and on how the business executes from here. Because the stock trades below its sector benchmark, the open question is whether earnings growth will close that gap or whether the discount is deserved. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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).
Is Kansai Nerolac Paints the best stock in its sector?
Ans. There is no single definitive answer, because the best stock in a sector depends on whether an investor is prioritising returns, valuation or balance sheet strength. Kansai Nerolac Paints has an 8.78% ROE and trades at 24.54x P/E against a 42.98x Industry P/E. Against the 2 peers compared in this article, its ROE is below the 18.27% peer average and its P/E is below the 46.05x peer average. Its debt to equity ratio of 0.05 is below the 0.14 peer average, which matters because borrowing can inflate returns and add risk when business conditions weaken. These figures are best read together rather than in isolation, and they work as a starting point for your own research and not as a verdict.
What is the current share price of Kansai Nerolac Paints?
Ans. Kansai Nerolac Paints was trading at Rs 178.99 on the NSE as of 16 October 2026, and its 52-week range runs from Rs 157.91 to Rs 264.00. That leaves the share price 32 percent short of the 52-week high and 13 percent clear of the 52-week low. Its market capitalisation is Rs 14,450 Cr and its EPS (TTM) is Rs 7.28, which is the earnings figure behind the 24.54x P/E. Share prices change through the trading day, so check the live quote on Univest before acting on any number here.
What sector does Kansai Nerolac Paints belong to?
Ans. Kansai Nerolac Paints is classified under the Paints sector on Univest, and that group of listed companies is the reference point for the 42.98x Industry P/E used in this article. The 2 named peers compared here are Berger Paints India and Asian Paints, chosen as comparable listed names so that the P/E, ROE and debt figures come from the same live data source. Investors who want a wider view can compare more Paints sector stocks on the Univest Screener, since no two companies in a sector have exactly the same business mix.
How does Kansai Nerolac Paints compare to its sector peers on P/E?
Ans. Kansai Nerolac Paints’ P/E of 24.54x is below the 46.05x average of the 2 named peers, with Berger Paints India at 45.51x and Asian Paints at 46.58x. It also sits below the 42.98x Industry P/E, which is the benchmark for the wider Paints sector. A P/E that is below a peer average can reflect a valuation discount or premium, but it can also reflect different growth or return expectations, so it should be read alongside ROE and debt. Its P/B ratio of 2.15 gives one more view of how the market values its book value.
What is Kansai Nerolac Paints’ return on equity?
Ans. Kansai Nerolac Paints reported a return on equity of 8.78%, which is below the 18.27% average of its named peers, with Berger Paints India at 16.29% and Asian Paints at 20.24%. ROE shows how much profit a company generates on every rupee of shareholders’ equity, so a higher figure generally points to more efficient use of capital. ROE is easier to trust when leverage is modest, and here the debt to equity ratio is 0.05 against a peer average of 0.14. It is worth checking whether the ROE has been stable over several years rather than relying on a single reading.
Should I invest in Kansai Nerolac Paints based on its sector position?
Ans. Sector position is only one input into an investment decision. Kansai Nerolac Paints has an 8.78% ROE and a 24.54x P/E, which make it worth researching further, and its dividend yield is 2.10%. You should also weigh its business outlook, earnings consistency, debt levels, your investment horizon and your own risk appetite before buying. Spreading money across several stocks and sectors reduces concentration risk, and this article is educational content, not investment advice. For personalised guidance, consult a SEBI-registered advisor.
