Asian Paints Limited vs Kansai Nerolac Paints Limited
An objective side-by-side of ASIANPAINT and KANSAINER, both in Paints / Varnishes: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: ASIANPAINT Jun 2026 · KANSAINER Jun 2026
At a glance
- Asian Paints Limited is the larger company by market value, about 15.9 times the size of Kansai Nerolac Paints Limited.
- On trailing earnings, Kansai Nerolac Paints Limited trades at the lower P/E (25.0 against 48.8).
- Asian Paints Limited earns the higher return on equity (22.4% against 8.8%).
- Over three years Kansai Nerolac Paints Limited has grown profits faster (11% a year against 2%).
- Over the past year the share prices returned -2.5% (ASIANPAINT) and -26.0% (KANSAINER).
| Metric | Asian Paints ASIANPAINT |
Kansai Nerolac KANSAINER |
|---|---|---|
| Size and price | ||
| Market cap | ₹233,938 Cr | ₹14,742 Cr |
| Share price | ₹2,440 | ₹182.27 |
| Valuation | ||
| P/E | 48.76 | 25.04 |
| P/B | 10.95 | 2.20 |
| EV/EBITDA | 32.85 | 15.05 |
| PEG | 24.38 | 2.28 |
| Dividend yield | 1.1% | 1.4% |
| Profitability | ||
| ROE | 22.4% | 8.8% |
| ROCE | 26.0% | 13.0% |
| Operating margin | 19.5% | 12.1% |
| Sales (TTM) | ₹37,152 Cr | ₹8,264 Cr |
| Net profit (TTM) | ₹4,798 Cr | ₹589 Cr |
| Growth | ||
| Latest quarter sales YoY | +18.1% | +9.8% |
| Latest quarter profit YoY | +41.8% | +5.9% |
| Sales CAGR 3Y | +1.0% | +2.0% |
| Profit CAGR 3Y | +2.0% | +11.0% |
| Sales CAGR 5Y | +10.0% | +10.0% |
| Profit CAGR 5Y | +7.0% | +4.0% |
| Financial strength | ||
| Debt/Equity | 0.18 | 0.05 |
| Interest cover | 28.04 | 23.31 |
| Ownership | ||
| Promoter holding | 52.6% | 75.0% |
| Promoter change (4 qtrs) | +0.00 pp | -0.02 pp |
| Price performance | ||
| Return 1M | -7.04% | -9.55% |
| Return 3M | -8.74% | -15.36% |
| Return 1Y | -2.49% | -25.95% |
| Return YTD | -11.89% | -22.59% |
| Technical condition | ||
| Technical score | 30 | 14 |
| RS rating (1-99) | 45.00 | 26.00 |
| % vs 200-DMA | -5.58% | -12.10% |
| RSI (14) | 32.49 | 27.92 |
| % from 52-week high | -18.27% | -30.96% |
