CMP : 1015


Kansai Nerolac Paints Limited manufactures paints, varnishes and enamels. The Company also fabricates synthetic resins, organic & inorganic pigments and oils. Kansai Nerolac's products are used for decorative, marine and industrial purposes.

Nerolac comes next to Asian Paints in market share and is a good safe bet. Paint Industry only has a few players and has been rock solid even during troubled times. NPM though not as high as Asian Paints, is good. P/E of 30 is in par with Asian paints. Buy at CMP and accumulate on dips of 5%.