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 2026-11-05 close
Latest results: ASIANPAINT Sep 2026 · KANSAINER Sep 2026
At a glance
- Asian Paints Limited is the larger company by market value, about 14.6 times the size of Kansai Nerolac Paints Limited.
- On trailing earnings, Kansai Nerolac Paints Limited trades at the lower P/E (27.6 against 49.5).
- Asian Paints Limited earns the higher return on equity (22.5% against 8.7%).
- Over three years Kansai Nerolac Paints Limited has grown profits faster (11% a year against 2%).
- Over the past year the share prices returned +0.0% (ASIANPAINT) and -18.5% (KANSAINER).
| Metric | Asian Paints ASIANPAINT |
Kansai Nerolac KANSAINER |
|---|---|---|
| Size and price | ||
| Market cap | ₹241,943 Cr | ₹16,520 Cr |
| Share price | ₹2,523.80 | ₹204.24 |
| Valuation | ||
| P/E | 49.48 | 27.56 |
| P/B | 11.13 | 2.40 |
| EV/EBITDA | 33.80 | 16.67 |
| PEG | 24.74 | 2.51 |
| Dividend yield | 1.1% | 1.2% |
| Profitability | ||
| ROE | 22.5% | 8.7% |
| ROCE | 26.0% | 13.0% |
| Operating margin | 18.9% | 11.7% |
| Sales (TTM) | ₹38,615 Cr | ₹8,627 Cr |
| Net profit (TTM) | ₹4,890 Cr | ₹599 Cr |
| Growth | ||
| Latest quarter sales YoY | +17.2% | +18.6% |
| Latest quarter profit YoY | +9.2% | +8.0% |
| 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 | 0.21 | 0.04 |
| Interest cover | 28.04 | 23.31 |
| Ownership | ||
| Promoter holding | 52.7% | 74.9% |
| Promoter change (4 qtrs) | +0.02 pp | -0.03 pp |
| Price performance | ||
| Return 1M | +4.11% | +11.00% |
| Return 3M | -8.56% | -2.92% |
| Return 1Y | +0.01% | -18.46% |
| Return YTD | -8.87% | -13.26% |
| Technical condition | ||
| Technical score | 68 | 66 |
| RS rating (1-99) | 59.00 | 51.00 |
| % vs 200-DMA | +0.39% | +2.20% |
| RSI (14) | 66.43 | 68.42 |
| % from 52-week high | -15.47% | -22.64% |
