The company is a subsidiary of Kansai Paints Co. Ltd Japan, from whom it continuously gets support and guidance in improvement of quality standards and getting best technology upgrades. The company is the leader in the industrial paints segment with a market share of over 40% and the third-largest player in the decorative paints segment with a modest market share of 13%.
Cyborg Score Rationale
Revenue from operations rose 3.53% to Rs 1,907.35 crore in Q3 FY26 with EBITDA at Rs 247.8 crore, registering marginally growth of 0.2%. Recent profit declines and modest revenue growth offset strong market positioning in industrial coatings.
Top Insights
NCLT meeting on 27 Feb 2026 approved amalgamation of Nerofix with Kansai Nerolac with 99.9992% votes in favour.
Indian paint industry valued at around Rs 77,500 crore as of March 2025 is poised for robust growth with expansion in infrastructure, core sectors, automobile, and real estate expected to sustain demand.
The company has eight strategically located manufacturing units all over India and a strong dealer network across the country.
Kansai Nerolac Paint offers differentiated products with a focus on being eco-friendly and healthy.
Named Competitors
Decorative & Industrial Paints — Market leader in decorative paints across India