Accumulate Kansai Nerolac Paints; target of Rs 459: Geojit
Geojit recommended reduce rating on Kansai Nerolac Paints with a target price of Rs 459 in its research report dated May 12, 2023.13-05-2023
13-05-2023
Kansai Nerolac brushes up strategy to beat competiton blues
It aims to drive volumes via distribution expansion, product innovations and influencer engagement, among others10-05-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
This is further to the intimations done by the Company on 5th May, 2023, 8th May, 2023 and 9th May, 2023 with respect to the Investors Meet hosted by the Management of our Company on Tuesday, 9th May, 2023 from 5:00 p.m to 6:15 p.m at MCA Bandra Club, Bandra Kurla Complex, Mumbai to discuss Q4 & FY 2022-23 Financial Results of the Company. The audio recording of the Investors Meet has been uploaded on our website09-05-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Announcement under Regulation 30 (LODR)-Investor Presentation
Further to the intimation done by the Company on 5th May, 2023 and 8th May, 2023 with respect to the Investors Meet to be hosted by the Management of our Company on Tuesday, 9th May, 2023 from 5:00 p.m to 6:15 p.m at MCA Bandra Club, Bandra Kurla Complex, Mumbai to discuss Q4 & FY 2022-23 Financial Results of the Company and Investor Presentation respectively, we are enclosing herewith an Updated Investor Presentation.09-05-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for Kansai Nerolac Paints Ltd.
Furniture/furnishing paints company Kansai Nerolac Paints announced Q4FY23 & FY23 results: Q4FY23: For Q4FY23, net revenue from operations of Rs 1,605 crore, a growth of 13.6 % over Q4FY22 EBIDTA was at Rs 153 crore, a growth of 83.8 % over Q4FY22 PAT was at Rs 94 crore, a growth of 283.2 % over Q4FY22 FY23: For FY23, net revenue from operations of Rs 7,081 crore, a growth of 19.0 % over FY22 For FY23, EBITDA was at Rs 794 crore, a growth of 22.6 % over FY22 PAT for FY23 was Rs 486 crore, a growth of 29.9 % over FY22 The board has recommended a dividend of 270% (Rs 2.70 per share) for FY23, as compared to a total dividend of 225% (Rs 2.25 per share) for FY22 The board has considered and approved the Issue of 1 bonus equity share of face value Re 1 each against 2 equity shares of face value Re 1 each. This is subject to shareholders’ approval. Commenting on the results, Anuj Jain, Managing Director, Kansai Nerolac Paints, said, “During the quarter all businesses have done well. Though raw material prices have softened, for the year, inflation is still positive. Judicious cost management efforts were continued. This along with various initiatives undertaken in previous quarters has led to the gross margins improving both over the corresponding quarter last year and sequentially. The company continued with growth initiatives in Decorative and Performance coating. These initiatives which are in the area of feet on the street, digital interventions, influencer outreach, new product launches, approvals, and projects have gathered momentum. The results are encouraging, and these initiatives are being expanded to more cities. Looking forward demand is expected to remain healthy in the near term.” Result PDF09-05-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Disclosure With Respect To Related Party Transactions Of Kansai Nerolac Paints Limited For The Six Months Ended 31St March, 2023
The Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended 31st March, 2023 were approved by the Board of Directors of the Company in its meeting held on Monday, 8th May, 2023. Accordingly, in terms of the provisions of Regulation 23(9) of the SEBI Listing Regulations, the disclosures of related party transactions of the Company (on a consolidated basis) for the six months ended 31st March, 2023 in the prescribed format is submitted herewith.08-05-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Grant Of Restricted Stock Units Under Kansai Nerolac Paints Limited - Restricted Stock Unit Plan 2022
The Nomination and Remuneration Committee ('NRC') of the Company has approved today, i.e. on 8th May, 2023, grant of 24,786 Restricted Stock Units ('RSUs') exercisable into 24,786 equity shares of the Company of face value of Re. 1 each fully paid-up to selected employees of the Company as determined by the NRC, in terms of the RSU Plan 2022. The grant date is 1st June, 2023.08-05-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
This is to inform you that the Board of Directors of Kansai Nerolac Paints Limited has, at the Board Meeting held today i.e. on Monday, 8th May, 2023, inter alia considered and approved the proposal for declaration of Bonus Equity Shares in the ratio of 1:2, subject to approval of the Shareholders of the Company. The Board has further approved the proposal of increasing the Authorised Share Capital of the Company from Rs. 66,50,00,000 to Rs. 85,00,00,000 and the consequent alteration to the Memorandum and Articles of Association, subject to approval of the Shareholders of the Company.08-05-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Announcement under Regulation 30 (LODR)-Issue of Securities
This is to inform you that the Board of Directors of Kansai Nerolac Paints Limited has, at the Board Meeting held today i.e. on Monday, 8th May, 2023, inter alia considered and approved the proposal for declaration of Bonus Equity Shares in the ratio of 1:2, subject to approval of the Shareholders of the Company. The Board has further approved the proposal of increasing the Authorised Share Capital of the Company from Rs. 66,50,00,000 to Rs. 85,00,00,000 and the consequent alteration to the Memorandum and Articles of Association, subject to approval of the Shareholders of the Company08-05-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Corporate Action-Board recommends Bonus Issue
This is to inform you that the Board of Directors of Kansai Nerolac Paints Limited has, at the Board Meeting held today i.e. on Monday, 8th May, 2023, inter alia considered and approved the proposal for declaration of Bonus Equity Shares in the ratio of 1:2, subject to approval of the Shareholders of the Company. The Board has further approved the proposal of increasing the Authorised Share Capital of the Company from Rs. 66,50,00,000 to Rs. 85,00,00,000 and the consequent alteration to the Memorandum and Articles of Association, subject to approval of the Shareholders of the Company08-05-2023