{"id":261806,"date":"2026-09-22T12:33:16","date_gmt":"2026-09-22T07:03:16","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=261806"},"modified":"2026-09-22T12:33:16","modified_gmt":"2026-09-22T07:03:16","slug":"asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/","title":{"rendered":"Asian Paints vs Berger Paints vs Kansai Nerolac: Side-by-Side Comparison of India&#8217;s Top Paints Stocks"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Asian Paints, Berger Paints and Kansai Nerolac compared on market cap, valuation, ROE, 52-week range and dividend yield. Data as of September 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Asian Paints vs Berger Paints vs Kansai Nerolac is a side-by-side comparison of three of India&#8217;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&#8217;s numbers are presented here without a declared &#8220;better&#8221; pick, since the right stock depends on an investor&#8217;s own criteria.<\/p>\n<\/p><\/div>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=3stock-compare\"><strong>Tap to Access Best Research Pieces on Univest<\/strong><\/a><\/p>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/hdfc-bank-vs-icici-bank-vs-axis-bank-comparison\">HDFC Bank vs ICICI Bank vs Axis Bank: Side-by-Side Comparison of Three Leading Private Banks<\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#Asian_Paints_vs_Berger_Paints_vs_Kansai_Nerolac_Key_Metrics_at_a_Glance\" title=\"Asian Paints vs Berger Paints vs Kansai Nerolac: Key Metrics at a Glance\">Asian Paints vs Berger Paints vs Kansai Nerolac: Key Metrics at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#Valuation_Comparison_PE_and_PB_Ratios\" title=\"Valuation Comparison: PE and PB Ratios\">Valuation Comparison: PE and PB Ratios<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#Profitability_Comparison_Return_on_Equity\" title=\"Profitability Comparison: Return on Equity\">Profitability Comparison: Return on Equity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#52-Week_Trading_Range_Comparison\" title=\"52-Week Trading Range Comparison\">52-Week Trading Range Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#Dividend_Yield_Comparison\" title=\"Dividend Yield Comparison\">Dividend Yield Comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#What_Should_Investors_Look_at_Beyond_These_Numbers\" title=\"What Should Investors Look at Beyond These Numbers?\">What Should Investors Look at Beyond These Numbers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#FAQs_on_Asian_Paints_vs_Berger_Paints_vs_Kansai_Nerolac\" title=\"FAQs on Asian Paints vs Berger Paints vs Kansai Nerolac\">FAQs on Asian Paints vs Berger Paints vs Kansai Nerolac<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#What_is_the_market_cap_difference_between_Asian_Paints_Berger_Paints_and_Kansai_Nerolac\" title=\"What is the market cap difference between Asian Paints, Berger Paints and Kansai Nerolac?\">What is the market cap difference between Asian Paints, Berger Paints and Kansai Nerolac?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#Which_of_the_three_has_the_highest_PE_ratio\" title=\"Which of the three has the highest PE ratio?\">Which of the three has the highest PE ratio?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#Which_of_the_three_has_the_highest_ROE\" title=\"Which of the three has the highest ROE?\">Which of the three has the highest ROE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#What_is_the_52-week_range_for_Asian_Paints_Berger_Paints_and_Kansai_Nerolac\" title=\"What is the 52-week range for Asian Paints, Berger Paints and Kansai Nerolac?\">What is the 52-week range for Asian Paints, Berger Paints and Kansai Nerolac?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#Which_of_these_three_stocks_pays_the_highest_dividend_yield\" title=\"Which of these three stocks pays the highest dividend yield?\">Which of these three stocks pays the highest dividend yield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#Why_does_Asian_Paints_trade_at_a_higher_valuation_than_its_peers\" title=\"Why does Asian Paints trade at a higher valuation than its peers?\">Why does Asian Paints trade at a higher valuation than its peers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#Which_paints_stock_has_the_highest_dividend_yield\" title=\"Which paints stock has the highest dividend yield?\">Which paints stock has the highest dividend yield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison\/#Is_one_of_Asian_Paints_Berger_Paints_or_Kansai_Nerolac_better_than_the_others\" title=\"Is one of Asian Paints, Berger Paints or Kansai Nerolac better than the others?\">Is one of Asian Paints, Berger Paints or Kansai Nerolac better than the others?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Asian_Paints_vs_Berger_Paints_vs_Kansai_Nerolac_Key_Metrics_at_a_Glance\"><\/span><strong>Asian Paints vs Berger Paints vs Kansai Nerolac: Key Metrics at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th>Metric<\/th>\n<th>Asian Paints<\/th>\n<th>Berger Paints<\/th>\n<th>Kansai Nerolac<\/th>\n<\/tr>\n<tr>\n<td>Market Cap (approx.)<\/td>\n<td>Rs 2,63,971 crore<\/td>\n<td>Rs 64,456 crore<\/td>\n<td>Rs 17,032 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>55.40<\/td>\n<td>52.98<\/td>\n<td>28.38<\/td>\n<\/tr>\n<tr>\n<td>PB Ratio<\/td>\n<td>12.35<\/td>\n<td>9.32<\/td>\n<td>2.54<\/td>\n<\/tr>\n<tr>\n<td>ROE (%)<\/td>\n<td>20.23%<\/td>\n<td>16.29%<\/td>\n<td>8.78%<\/td>\n<\/tr>\n<tr>\n<td>52-Week High<\/td>\n<td>Rs 2,985.70<\/td>\n<td>Rs 594.55<\/td>\n<td>Rs 264.00<\/td>\n<\/tr>\n<tr>\n<td>52-Week Low<\/td>\n<td>Rs 2,115.00<\/td>\n<td>Rs 391.10<\/td>\n<td>Rs 157.91<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>1.00%<\/td>\n<td>0.72%<\/td>\n<td>1.19%<\/td>\n<\/tr>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_Comparison_PE_and_PB_Ratios\"><\/span><strong>Valuation Comparison: PE and PB Ratios<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Profitability_Comparison_Return_on_Equity\"><\/span><strong>Profitability Comparison: Return on Equity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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&#8217; premium valuation relative to its smaller peers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"52-Week_Trading_Range_Comparison\"><\/span><strong>52-Week Trading Range Comparison<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Asian Paints, Berger Paints and Kansai Nerolac live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Dividend_Yield_Comparison\"><\/span><strong>Dividend Yield Comparison<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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&#8217;s smaller size and lower ROE compared with its larger peers.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Look_at_Beyond_These_Numbers\"><\/span><strong>What Should Investors Look at Beyond These Numbers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond the metrics above, investors comparing these three paints companies should track volume growth trends, competitive intensity following new entrants into India&#8217;s paints industry, and each company&#8217;s distribution reach, since these factors have become increasingly important to the sector&#8217;s growth narrative in recent years.<\/p>\n<p style=\"font-style:italic;color:#000000;margin:14px 0;\">Also read &#8211; <a href=\"https:\/\/univest.in\/blogs\/tcs-vs-infosys-vs-wipro-comparison\">TCS vs Infosys vs Wipro: Side-by-Side Comparison of India&#8217;s Top IT Services Stocks<\/a><\/p>\n<p><strong>Snapshot:<\/strong> 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.<\/p>\n<p><strong>In short:<\/strong> 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.<\/p>\n<p><strong>Quick recap:<\/strong> 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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Asian_Paints_vs_Berger_Paints_vs_Kansai_Nerolac\"><\/span><strong>FAQs on Asian Paints vs Berger Paints vs Kansai Nerolac<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_difference_between_Asian_Paints_Berger_Paints_and_Kansai_Nerolac\"><\/span><strong>What is the market cap difference between Asian Paints, Berger Paints and Kansai Nerolac?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_PE_ratio\"><\/span><strong>Which of the three has the highest PE ratio?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_ROE\"><\/span><strong>Which of the three has the highest ROE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Asian Paints, Berger Paints and Kansai Nerolac post ROE of 20.23%, 16.29% and 8.78% respectively as of September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_52-week_range_for_Asian_Paints_Berger_Paints_and_Kansai_Nerolac\"><\/span><strong>What is the 52-week range for Asian Paints, Berger Paints and Kansai Nerolac?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_three_stocks_pays_the_highest_dividend_yield\"><\/span><strong>Which of these three stocks pays the highest dividend yield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Asian Paints, Berger Paints and Kansai Nerolac carry dividend yields of 1.00%, 0.72% and 1.19% respectively as of September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_does_Asian_Paints_trade_at_a_higher_valuation_than_its_peers\"><\/span><strong>Why does Asian Paints trade at a higher valuation than its peers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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&#8217;s decorative paints segment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_paints_stock_has_the_highest_dividend_yield\"><\/span><strong>Which paints stock has the highest dividend yield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_one_of_Asian_Paints_Berger_Paints_or_Kansai_Nerolac_better_than_the_others\"><\/span><strong>Is one of Asian Paints, Berger Paints or Kansai Nerolac better than the others?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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&#8217;s own criteria and research.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the market cap difference between Asian Paints, Berger Paints and Kansai Nerolac?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest PE ratio?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest ROE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Asian Paints, Berger Paints and Kansai Nerolac post ROE of 20.23%, 16.29% and 8.78% respectively as of September 2026.\"}},{\"@type\":\"Question\",\"name\":\"What is the 52-week range for Asian Paints, Berger Paints and Kansai Nerolac?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"Which of these three stocks pays the highest dividend yield?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Asian Paints, Berger Paints and Kansai Nerolac carry dividend yields of 1.00%, 0.72% and 1.19% respectively as of September 2026.\"}},{\"@type\":\"Question\",\"name\":\"Why does Asian Paints trade at a higher valuation than its peers?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"Which paints stock has the highest dividend yield?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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%.\"}},{\"@type\":\"Question\",\"name\":\"Is one of Asian Paints, Berger Paints or Kansai Nerolac better than the others?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Asian Paints vs Berger Paints vs Kansai Nerolac compared on market cap, valuation, ROE and dividend yield among India&#8217;s top paints stocks, as of September 2026.<\/p>\n","protected":false},"author":29,"featured_media":261805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6478,6477,6480,6479],"class_list":["post-261806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-asian-paints-berger-paints-kansai-nerolac-comparison","tag-asian-paints-vs-berger-paints-vs-kansai-nerolac","tag-paints-sector-competition-india","tag-paints-stocks-india-comparison"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["261805"],"rank_math_title":["Asian Paints vs Berger Paints vs Kansai Nerolac: Comparison"],"rank_math_description":["Asian Paints vs Berger Paints vs Kansai Nerolac compared on market cap, valuation, ROE and dividend yield among India's leading paints companies, as of September 2026."],"rank_math_focus_keyword":["Asian Paints vs Berger Paints vs Kansai Nerolac | Density Target: 1.5-2.6%"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/asian-paints-vs-berger-paints-vs-kansai-nerolac-comparison.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/261806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=261806"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/261806\/revisions"}],"predecessor-version":[{"id":261807,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/261806\/revisions\/261807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/261805"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=261806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=261806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=261806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}