Kansai Nerolac Paints Ltd Share Price Target 2024, 2025 to 2030

Kansai Nerolac Paints Limited, a prominent name in the Indian paint industry, traces its origins back to 1920 when it was founded as Gahagan Paints & Varnish Co. Ltd. Over the decades, the company has evolved significantly and is now a subsidiary of Kansai Paint Co. Ltd., Japan, a global leader in the paints and coatings industry. Headquartered in Mumbai, Maharashtra, Kansai Nerolac has established itself as a key player in the Indian market, known for its innovation, quality, and strong brand reputation. The company’s diverse product portfolio includes decorative paints, industrial coatings, automotive coatings, and powder coatings, catering to a wide range of customers across various sectors. Kansai Nerolac holds the distinction of being the largest industrial paint company in India and the third-largest in the decorative paint segment, reflecting its significant market presence. The company reported a robust revenue of ₹7,893 crore (approximately $950 million) for the fiscal year 2024, underscoring its financial strength and market leadership. Employing around 2,992 people as of 2020, Kansai Nerolac operates multiple manufacturing plants across India, supported by an extensive distribution network that ensures its products reach every corner of the country. With a century-long legacy, Kansai Nerolac continues to set benchmarks in the industry, driven by its commitment to innovation, sustainability, and customer satisfaction.

Latest News on Kansai Nerolac Paints Ltd

Kansai Nerolac Paints Limited is making notable advancements in its operational and strategic initiatives. The company has commenced commercial production at its new manufacturing unit in Atchutapuram, Andhra Pradesh. This facility is expected to significantly boost Kansai Nerolac’s production capacity, enabling the company to better meet growing market demands. Additionally, Kansai Nerolac has committed ₹20.1 crore to expand the capacity at its Sayakha plant by 460 metric tonnes per month, further solidifying its position in the industry and ensuring a steady supply of its products.

In terms of leadership, Kansai Nerolac has made a key appointment with Hirokazu Kotera being named as the Whole-time Director, designated as Executive Director, effective from August 1, 2024. This strategic board change underscores the company’s focus on strengthening its leadership team to drive innovation and growth. With these recent developments, Kansai Nerolac continues to reinforce its market presence and pursue sustainable expansion.

Shareholding Patterns of Kansai Nerolac Paints Ltd 

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters +	74.99%	74.99%	74.99%	74.99%	74.99%
FIIs +	4.21%	4.27%	4.28%	4.72%	5.09%
DIIs +	12.29%	11.90%	11.84%	11.61%	10.72%
Public +	8.49%	8.82%	8.88%	8.68%	9.18%
No. of Shareholders	93,871	1,11,197	1,14,047	1,14,008	1,36,327

The shareholding pattern of Kansai Nerolac Paints Limited from June 2023 to June 2024 shows a stable promoter holding at 74.99%, while the Foreign Institutional Investors (FIIs) increased their stake from 4.21% to 5.09%. In contrast, Domestic Institutional Investors (DIIs) reduced their holdings from 12.29% to 10.72%. Public shareholding slightly rose from 8.49% to 9.18%, reflecting broader retail participation. Additionally, the number of shareholders grew significantly from 93,871 in June 2023 to 136,327 in June 2024, indicating an expanding and diversified investor base.

How to purchase Kansai Nerolac Paints Ltd shares?

Below are the trading platforms that you can use to purchase Kansai Nerolac Paints Ltd shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Kansai Nerolac Paints Share Price Target 2024

When	Maximum Price	Minimum Price
September 2024	311.45	270.83
October 2024	308.37	268.15
November 2024	320.71	278.87
December 2024	323.91	281.66

Kansai Nerolac Paints Share Price Target 2025

When	Maximum Price	Minimum Price
January 2025	327.15	251.65
February 2025	330.46	254.20
March 2025	337.40	259.53
April 2025	334.05	256.97
May 2025	324.33	249.48
June 2025	338.92	260.71
July 2025	332.27	255.60
August 2025	342.55	263.50
September 2025	346.66	266.66
October 2025	355.67	273.60
November 2025	364.57	280.44
December 2025	380.97	293.06

In 2025, Kansai Nerolac Paints shares are expected to experience steady growth. Starting in January, prices could range from ₹251.65 to ₹327.15. As the year progresses, share values are projected to increase, reaching a high of ₹355.67 in October and culminating in a December maximum of ₹380.97, with a minimum of ₹293.06.

Kansai Nerolac Paints Share Price Target 2026

When	Maximum Price	Minimum Price
January 2026	392.40	301.85
February 2026	382.59	294.30
March 2026	390.24	300.19
April 2026	398.21	306.31
May 2026	394.26	303.28
June 2026	404.12	310.86
July 2026	396.20	304.77
August 2026	408.45	314.19
September 2026	416.62	320.48
October 2026	427.45	328.81
November 2026	438.14	337.03
December 2026	449.09	345.45

Kansai Nerolac Paints Share Price Prediction 2027

When	Maximum Price	Minimum Price
January 2027	453.58	348.91
February 2027	465.21	357.86
March 2027	483.36	371.81
April 2027	473.88	364.52
May 2027	460.08	353.90
June 2027	480.78	369.83
July 2027	471.35	362.58
August 2027	485.93	373.79
September 2027	502.94	386.88
October 2027	516.01	396.93
November 2027	528.91	406.86
December 2027	542.14	417.03

Kansai Nerolac Paints Share Price Target 2028

When	Maximum Price	Minimum Price
January 2028	552.98	425.37
February 2028	567.16	436.28
March 2028	589.28	453.29
April 2028	577.72	444.40
May 2028	560.90	431.46
June 2028	586.14	450.87
July 2028	574.64	442.03
August 2028	592.42	455.71
September 2028	613.15	471.66
October 2028	629.09	483.92
November 2028	644.82	496.02
December 2028	660.94	508.42

Kansai Nerolac Paints Share Price Prediction 2029

When	Maximum Price	Minimum Price
January 2029	674.16	518.58
February 2029	691.45	531.88
March 2029	718.41	552.63
April 2029	704.33	541.79
May 2029	683.81	526.01
June 2029	714.58	549.68
July 2029	700.57	538.90
August 2029	722.24	555.57
September 2029	747.52	575.01
October 2029	766.95	589.96
November 2029	786.13	604.71
December 2029	805.78	619.83

Kansai Nerolac Paints Share Price Target 2030

When	Maximum Price	Minimum Price
January 2030	821.90	632.23
February 2030	842.97	648.44
March 2030	875.85	673.73
April 2030	858.67	660.52
May 2030	833.66	641.28
June 2030	871.18	670.14
July 2030	854.10	657.00
August 2030	880.51	677.32
September 2030	911.33	701.02
October 2030	935.02	719.25
November 2030	958.40	737.23
December 2030	982.36	755.66

In 2030, Kansai Nerolac Paints shares are projected to see a consistent upward trend. Beginning in January, prices could range from a minimum of ₹632.23 to a maximum of ₹821.90. As the year progresses, the shares are expected to gain momentum, reaching a peak in December, with the maximum price anticipated at ₹982.36 and the minimum at ₹755.66

Financial Condition of Kansai Nerolac Paints Ltd: Last 5 years

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales +	5,280	5,074	6,369	7,543	7,801	7,778
Expenses +	4,476	4,211	5,720	6,725	6,774	6,752
Operating Profit	804	863	649	818	1,028	1,026
OPM %	15%	17%	10%	11%	13%	13%
Other Income +	26	38	25	26	753	109
Interest	21	24	29	29	29	29
Depreciation	142	165	170	180	190	192
Profit before tax	667	712	476	635	1,561	913
Tax %	23%	26%	28%	26%	25%
Net Profit +	516	526	343	468	1,176	667
EPS in Rs	6.44	6.55	4.44	5.86	14.66	8.4
Dividend Payout %	33%	53%	37%	31%	26%

Kansai Nerolac Paints Limited has demonstrated consistent financial growth and resilience over the years, highlighted by its strong performance across key financial metrics. Starting with sales, the company has seen a steady increase from ₹5,280 crore in March 2020 to ₹7,801 crore in March 2024, reflecting a solid expansion in its market reach and product demand. This upward trend in sales underscores Kansai Nerolac’s ability to maintain its leadership position in the paint industry, despite economic fluctuations.

The operating profit margin (OPM) has experienced fluctuations but shows a positive trajectory. From 15% in March 2020, the OPM dropped to 10% in March 2022 but then recovered to 13% by March 2024. This recovery in margins indicates the company’s effective cost management strategies and its ability to pass on increased costs to consumers without significantly impacting demand. The operating profit itself has also seen a healthy rise, from ₹649 crore in March 2022 to ₹1,028 crore in March 2024.

A significant boost in the company’s financials is observed in its net profit, which surged from ₹343 crore in March 2022 to an impressive ₹1,176 crore in March 2024. This increase is partly driven by a substantial rise in other income, particularly noticeable in March 2024, where it jumped to ₹753 crore. This surge in net profit reflects Kansai Nerolac’s successful efforts in optimizing its income streams and enhancing its bottom line.

Despite these strong financial gains, the company has adopted a more conservative approach towards its dividend payouts, with the payout percentage declining from 53% in March 2021 to 26% in March 2024. This strategy suggests a focus on reinvestment for future growth and strengthening the company’s financial position.

Earnings per share (EPS) have also shown remarkable growth, rising from ₹4.44 in March 2022 to ₹14.66 in March 2024, indicating a substantial increase in profitability per share and enhancing shareholder value. Overall, Kansai Nerolac Paints Limited’s financial performance from 2020 to 2024 highlights a period of robust growth, improved profitability, and strategic financial management, positioning the company well for future opportunities and challenges.

Kansai Nerolac Paints Ltd share price target by Geojit BNP Paribas