Can Kansai Nerolac’s latest strategy help stock regain valuations of good old days?
Dan Neff
The stock price of Kansai Nerolac was Rs 390.3 when the market closed on June 13, 2022. The stock had reached its all-time high of Rs 651.5 on January 18, 2021, and has declined by almost 40% from those levels.
Synopsis
Kansai Nerolac Ltd is a subsidiary of Kansai Paint Company of Japan, which has 74.99% of the Indian company as of March 2022. According to CRISIL (May 2022), the company is a leading player in the domestic industrial paints segment. Kansai Nerolac, which has a large portfolio, has healthy relationships with established automotive manufacturers of two-wheelers, passenger cars, commercial vehicles and tractors.
The slowdown in the automotive sector and rising raw material prices came as a double whammy for Kansai Nerolac. Now, as some segments within the automotive industry are seeing a recovery and there are indications of raw material prices softening, will the stock regain the valuations it had in the good old days?Kansai Nerolac Ltd is a subsidiary of Kansai Paint Company of Japan, which has 74.99% of the Indian company as of March 2022. According
BY
Gaurav Jain and Parimal Ade
ET CONTRIBUTORS
8 mins read, Last Updated:
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