Kansai Nerolac Paints Limited (500165) Fair Value & Analysis
Basic Materials · IN · Market cap ₹233B
Fair value as of: Aug 14, 2026
From 24 valuation models · updated today
Share price +5.9% over the past month.
A solid business, but screening 62% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹110.49). The favourable scenario is already priced in.
- Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹57.59 to ₹110.49) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.
How to read this chart
60‑month range ₹157.26 – ₹420.09 · fair‑value band ₹57.59 – ₹110.49 · the ₹209.25 price screens above the ₹80.51 fair value. Dashed = 300-day average. As of Aug 14, 2026.
Analysis
Kansai Nerolac Paints Limited (500165) currently trades at ₹209.25, while our model-based Fair Value estimate is ₹80.51, implying the stock looks roughly 61.5% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Net debt stands at ₹238M. The stock trades on a trailing P/E of 44.7 (as of Aug 14, 2026). Fundamentals as of Aug 14, 2026
Our scenario range runs from ₹57.59 (bear case) to ₹110.49 (bull case); at ₹209.25, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 34% above its 52-week low. For context, the median of 10 Basic Materials peers we cover trades at -32% fair-value upside, at -62%, 500165 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Growth DCF (₹97.92) versus Earnings-Based (₹27.09). Highest evidence: Growth DCF (80).
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Key figures & financial health
Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 44
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Kansai Nerolac Paints Limited manufactures and sells paints in India. It offers decorative, automotive, auto refinish, wood coating, general industrial, performance coating, powder coating, metal enamel, and ancillary paints. The company was formerly known as Goodlass Nerolac Paints Limited and changed its name to Kansai Nerolac Paints Limited in April 2006.
Full company description
Kansai Nerolac Paints Limited manufactures and sells paints in India. It offers decorative, automotive, auto refinish, wood coating, general industrial, performance coating, powder coating, metal enamel, and ancillary paints. The company was formerly known as Goodlass Nerolac Paints Limited and changed its name to Kansai Nerolac Paints Limited in April 2006. The company was founded in 1920 and is based in Mumbai, India. Kansai Nerolac Paints Limited is a subsidiary of Kansai Paint Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Kansai Nerolac Paints Limited reported revenue of ₹80.2B in FY2025 versus ₹63.7B in FY2021, a compound +5.9%/yr. Reported net income was ₹5.9B in FY2025, compounding +13.2%/yr from FY2021.
500165 screens 62% overvalued. Compare with BASF SE →
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BASF SE BASN | 1,034 MXN | 467.04 MXN | -55% |
| PT Barito Pacific Tbk, BRPT | 1,950 IDR | 1,608 IDR | -18% |
| LG Chem, Ltd 051910 | 275,500 KRW | 587,755 KRW | +113% |
| PTT Global Chemical Public Company PTTGC | 38.50 THB | 18.21 THB | -53% |
| 542812 542812 | ₹4,709 | ₹791.05 | -83% |
| Navin Fluorine International Limited NAVINFLUOR | ₹8,357 | ₹2,146 | -74% |
| Deepak Nitrite Limited DEEPAKNTR | ₹1,718 | ₹679.17 | -60% |
| KCC Corporation 002380 | 454,000 KRW | 1,763,304 KRW | +288% |
| Deepak Fertilisers And Petrochemicals Corporation DEEPAKFERT | ₹1,456 | ₹990.72 | -32% |
| Lotte Chemical Corporation 011170 | 57,900 KRW | 157,933 KRW | +173% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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