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KANSAINER Share Price Target
Kansai Nerolac Paints Ltd.
Sector: Paints and Pigments
Sector: Paints and Pigments
KANSAINER Share Price *
482 +22.7 (4.94%)
* (quote may be delayed)
KANSAINER Share Price Forecast - Consensus
| No. of reports in last year | 13 |
| No. of analysts | 4 |
| Average Consensus Forecast | 467.23 |
| Consensus Potential | 1.04% |
KANSAINER Share Price Target - Broker Reports - 2019
Kotak Securities
21-Aug-19
Price @ Call: 466.31
Target: 500
ADD
Reduction in GST rate from 28% to 18%, correction in crude prices leading to correction in raw material prices, spending by government, increasing disposable income leading to strong growth in the decorative segment and stability in the industrial segment would drive the revenues and earnings of paint companies going forward, including KNPL. Maintain ADD with a TP of Rs 500 (from Rs 470) at 43x FY21E earnings.
ICICIdirect.com
31-Jul-19
Price @ Call: 428.02
Target: 470
HOLD
We model revenue CAGR of 13% led by ~9% volume CAGR in FY19-21E led by decorative paint segment. Price hikes coupled with a favourable mix would lead to an expansion in EBITDA margin from FY19 onwards. We maintain our HOLD recommendation on the stock with a revised target price of Rs 470/share.
Prabhudas Lilladher
30-Jul-19
Price @ Call: 431.65
Target: 479
ACCUMULATE
Decorative paints save the show; Auto paints near term drag
We adjust the numbers for IndAS 116 only and estimate CAGR of 13.5% in volumes, 11.7% in revenues and 15.6% in PAT over FY19-21. Kansai is trading at 37.4xFY21 EPS. We value the stock at 40xJune21 EPS of Rs12 and arrive at a target price of Rs479 (earlier 464 at 40xFY21). We believe current scenario provides an opportunity to accumulate stock for medium to long term gains, although returns will be back ended. Retain Accumulate.
We adjust the numbers for IndAS 116 only and estimate CAGR of 13.5% in volumes, 11.7% in revenues and 15.6% in PAT over FY19-21. Kansai is trading at 37.4xFY21 EPS. We value the stock at 40xJune21 EPS of Rs12 and arrive at a target price of Rs479 (earlier 464 at 40xFY21). We believe current scenario provides an opportunity to accumulate stock for medium to long term gains, although returns will be back ended. Retain Accumulate.
Kotak Securities
30-Jul-19
Price @ Call: 431.65
Target: 470
ADD
Consequently, we increase our EPS forecast by 2/3% for FY20E and FY21E numbers and assign a higher PE multiple to the stock. Recommend ADD (from Reduce) with a TP of Rs 470 (from Rs 425) at 40x FY21E earnings (increased from 37x). Multiple of 40x is the average one year forward PE for KNPL for the last 3 years and at 20% discount to market leader Asian Paints.
Dolat Capital
6-May-19
Price @ Call: 435
Target: 393
SELL
ICICIdirect.com
3-May-19
Price @ Call: 409
Target: 455
HOLD
Kotak Securities
1-Feb-19
Price @ Call: 440.75
Target: 460
ADD
ICICIdirect.com
31-Jan-19
Price @ Call: 429.25
Target: 480
BUY
Prabhudas Lilladher
30-Jan-19
Price @ Call: 428
Target: 498
BUY
Kotak Securities
9-Jan-19
Price @ Call: 455.99
Target: 520
BUY
KANSAINER Share Price Target - Broker Reports - 2018
Kotak Securities
24-Oct-18
Price @ Call: 365
Target: 485
BUY
ICICIdirect.com
23-Oct-18
Price @ Call: 390
Target: 390
HOLD
Prabhudas Lilladher
22-Oct-18
Price @ Call: 416
Target: 474
ACCUMULATE
Kotak Securities
23-Jul-18
Price @ Call: 475.6
Target: 600
BUY
ICICIdirect.com
23-Jul-18
Price @ Call: 475.6
Target: 515
BUY
Prabhudas Lilladher
23-Jul-18
Price @ Call: 475.6
Target: 549
ACCUMULATE
ICICIdirect.com
4-May-18
Price @ Call: 508.09
Target: 550
HOLD
Kotak Securities
30-Apr-18
Price @ Call: 495.52
Target: 600
BUY
Kotak Securities
9-Apr-18
Price @ Call: 501.6
Target: 600
BUY
Kotak Securities
27-Feb-18
Price @ Call: 484.85
Target: 600
BUY
Kotak Securities
23-Jan-18
Price @ Call: 508.85
Target: 600
BUY
ICICIdirect.com
22-Jan-18
Price @ Call: 527.6
Target: 590
BUY
Prabhudas Lilladher
20-Jan-18
Price @ Call: 531.01
Target: 543
ACCUMULATE
Kotak Securities
16-Jan-18
Price @ Call: 550.7
Target: 600
ACCUMULATE
KANSAINER Share Price Target - Broker Reports - 2017
ICICIdirect.com
18-Oct-17
Price @ Call: 490.85
Target: 540
BUY
Prabhudas Lilladher
16-Oct-17
Price @ Call: 487.78
Target: 520
BUY
Kotak Securities
24-Jul-17
Price @ Call: 452
Target: 515
BUY
ICICIdirect.com
20-Jul-17
Price @ Call: 448
Target: 495
BUY
ICICIdirect.com
3-May-17
Price @ Call: 399
Target: 445
BUY
ICICIdirect.com
2-Feb-17
Price @ Call: 353
Target: 415
BUY
KANSAINER Share Price Target - Broker Reports - 2016
Sethi Finmart
19-Oct-16
Price @ Call: 381.2
Target: 500
BUY
Kotak Securities
9-Sep-16
Price @ Call: 377.05
Target: 415
BUY
ICICIdirect.com
1-Aug-16
Price @ Call: 350
Target: 400
BUY
Prabhudas Lilladher
28-Apr-16
Price @ Call: 291
Target: 296
ACCUMULATE