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September 24, 2022

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Nerolac Stock Prices: Can Kansai Nerolac’s Latest Strategy Help the Stock Valuing the Good Old Days?


The share price of Kansai Nerolac at the close of the market on June 13, 2022 was Rs 390.3. The stock had hit its all-time high of Rs 651.5 on January 18, 2021, and has declined by almost 40% from those levels.


Kansai Nerolac Limited is a subsidiary of Kansai Paint Company of Japan, which holds 74.99% stake in the Indian company as of March 2022. As per CRISIL (May 2022), the company is a leading player in the domestic industrial paint 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 sectors within the automotive industry are seeing recovery and there are signs of moderation in raw material prices, will the stock regain its valuations in the good old days? Kansai Nerolac Limited is a subsidiary of Japan’s Kansai Paint Company, in which the Indian company holds 74.99% as of March 2022.

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