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Kansai Nerolac Paints Limited
Buy, Hold or Sell?

Let's analyze Kansai Nerolac Paints Limited together

I guess you are interested in Kansai Nerolac Paints Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Kansai Nerolac Paints Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Quick analysis of Kansai Nerolac Paints Limited (30 sec.)










What can you expect buying and holding a share of Kansai Nerolac Paints Limited? (30 sec.)

How much money do you get?

How much money do you get?
INR0.09
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
INR69.26
Expected worth in 1 year
INR121.95
How sure are you?
75.0%

+ What do you gain per year?

Total Gains per Share
INR59.89
Return On Investment
21.9%

For what price can you sell your share?

Current Price per Share
INR273.15
Expected price per share
INR260.43 - INR287.95
How sure are you?
50%
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1. Valuation of Kansai Nerolac Paints Limited (5 min.)




Live pricePrice per Share (EOD)

INR273.15

Intrinsic Value Per Share

INR38.91 - INR181.50

Total Value Per Share

INR108.17 - INR250.76

2. Growth of Kansai Nerolac Paints Limited (5 min.)




Is Kansai Nerolac Paints Limited growing?

Current yearPrevious yearGrowGrow %
How rich?$666.2m$539.5m$126.7m19.0%

How much money is Kansai Nerolac Paints Limited making?

Current yearPrevious yearGrowGrow %
Making money$141m$56.3m$84.7m60.1%
Net Profit Margin15.2%6.3%--

How much money comes from the company's main activities?

3. Financial Health of Kansai Nerolac Paints Limited (5 min.)




4. Comparing to competitors in the Chemicals industry (5 min.)




  Industry Rankings (Chemicals)  

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What can you expect buying and holding a share of Kansai Nerolac Paints Limited? (5 min.)

Welcome investor! Kansai Nerolac Paints Limited's management wants to use your money to grow the business. In return you get a share of Kansai Nerolac Paints Limited.

What can you expect buying and holding a share of Kansai Nerolac Paints Limited?

First you should know what it really means to hold a share of Kansai Nerolac Paints Limited. And how you can make/lose money.

Speculation

The Price per Share of Kansai Nerolac Paints Limited is INR273.15. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Kansai Nerolac Paints Limited.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Kansai Nerolac Paints Limited, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is INR69.26. Based on the TTM, the Book Value Change Per Share is INR13.17 per quarter. Based on the YOY, the Book Value Change Per Share is INR-20.59 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is INR1.80 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Kansai Nerolac Paints Limited.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 INR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per ShareINR% of Price per Share
Usd Eps0.170.1%0.170.1%0.070.0%0.100.0%0.090.0%
Usd Book Value Change Per Share0.160.1%0.160.1%-0.25-0.1%0.010.0%0.100.0%
Usd Dividend Per Share0.020.0%0.020.0%0.010.0%0.030.0%0.030.0%
Usd Total Gains Per Share0.180.1%0.180.1%-0.24-0.1%0.050.0%0.140.0%
Usd Price Per Share3.96-3.96-5.23-5.92-5.47-
Price to Earnings Ratio22.69-22.69-74.96-66.47-53.84-
Price-to-Total Gains Ratio22.23-22.23--22.06-7.96-21.52-
Price to Book Ratio4.81-4.81-7.83-7.97-7.06-
Price-to-Total Gains Ratio22.23-22.23--22.06-7.96-21.52-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share3.250485
Number of shares307
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.03
Usd Book Value Change Per Share0.160.01
Usd Total Gains Per Share0.180.05
Gains per Quarter (307 shares)54.7014.02
Gains per Year (307 shares)218.8056.10
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
126192209391746
2533854287834102
37957764711751158
410577086615669214
5132962108519586270
615811551304234103326
718413471523273120382
821015401742312137438
923717321961351154494
1026319252180390171550

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%6.02.00.075.0%6.02.00.075.0%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%8.00.00.0100.0%8.00.00.0100.0%
Total Gains per Share1.00.00.0100.0%2.01.00.066.7%3.02.00.060.0%6.02.00.075.0%6.02.00.075.0%
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Fundamentals of Kansai Nerolac Paints Limited

About Kansai Nerolac Paints Limited

Kansai Nerolac Paints Limited manufactures and sells paints in India. It offers decorative, automotive, auto refinish, wood coating, general industrial, performance coating, powder coating, metal enamel, and ancillary paints. The company was formerly known as Goodlass Nerolac Paints Limited and changed its name to Kansai Nerolac Paints Limited in April 2006. The company was founded in 1920 and is based in Mumbai, India. Kansai Nerolac Paints Limited is a subsidiary of Kansai Paint Co., Ltd.

Fundamental data was last updated by Penke on 2024-07-15 01:21:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is fair priced.
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1.1. Profitability of Kansai Nerolac Paints Limited.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Kansai Nerolac Paints Limited earns for each ₹1 of revenue.

  • Above 10% is considered healthy but always compare¬†Kansai Nerolac Paints Limited to the¬†Chemicals industry mean.
  • A Net Profit Margin of 15.2%¬†means that¬†₹0.15 for each ₹1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Kansai Nerolac Paints Limited:

  • The MRQ is 15.2%. The company is making a huge profit. +2
  • The TTM is 15.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ15.2%TTM15.2%0.0%
TTM15.2%YOY6.3%+8.9%
TTM15.2%5Y9.5%+5.7%
5Y9.5%10Y11.0%-1.5%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ15.2%3.1%+12.1%
TTM15.2%2.7%+12.5%
YOY6.3%5.1%+1.2%
5Y9.5%5.0%+4.5%
10Y11.0%5.3%+5.7%
1.1.2. Return on Assets

Shows how efficient Kansai Nerolac Paints Limited is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Kansai Nerolac Paints Limited to the¬†Chemicals industry mean.
  • 16.0% Return on Assets means that¬†Kansai Nerolac Paints Limited generated¬†₹0.16 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Kansai Nerolac Paints Limited:

  • The MRQ is 16.0%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 16.0%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ16.0%TTM16.0%0.0%
TTM16.0%YOY7.5%+8.5%
TTM16.0%5Y10.0%+6.0%
5Y10.0%10Y12.7%-2.7%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ16.0%0.6%+15.4%
TTM16.0%0.6%+15.4%
YOY7.5%1.2%+6.3%
5Y10.0%1.1%+8.9%
10Y12.7%1.2%+11.5%
1.1.3. Return on Equity

Shows how efficient Kansai Nerolac Paints Limited is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Kansai Nerolac Paints Limited to the¬†Chemicals industry mean.
  • 21.2% Return on Equity means Kansai Nerolac Paints Limited generated ₹0.21¬†for each¬†₹1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Kansai Nerolac Paints Limited:

  • The MRQ is 21.2%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is 21.2%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ21.2%TTM21.2%0.0%
TTM21.2%YOY10.4%+10.8%
TTM21.2%5Y13.5%+7.8%
5Y13.5%10Y16.8%-3.3%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ21.2%1.1%+20.1%
TTM21.2%1.2%+20.0%
YOY10.4%2.1%+8.3%
5Y13.5%2.0%+11.5%
10Y16.8%2.2%+14.6%
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1.2. Operating Efficiency of Kansai Nerolac Paints Limited.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Kansai Nerolac Paints Limited is operating .

  • Measures how much profit Kansai Nerolac Paints Limited makes for each ₹1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Kansai Nerolac Paints Limited to the¬†Chemicals industry mean.
  • An Operating Margin of 0.0%¬†means the company generated ₹0.00 ¬†for each ₹1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Kansai Nerolac Paints Limited:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y3.1%-3.1%
5Y3.1%10Y7.0%-3.9%
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.0%-6.0%
TTM-1.4%-1.4%
YOY-5.9%-5.9%
5Y3.1%6.8%-3.7%
10Y7.0%5.9%+1.1%
1.2.2. Operating Ratio

Measures how efficient Kansai Nerolac Paints Limited is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Chemicals industry mean).
  • An Operation Ratio of 1.54 means that the operating costs are ₹1.54 for each ₹1 in net sales.

Let's take a look of the Operating Ratio trends of Kansai Nerolac Paints Limited:

  • The MRQ is 1.539. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.539. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.539TTM1.5390.000
TTM1.539YOY1.630-0.090
TTM1.5395Y1.560-0.021
5Y1.56010Y1.430+0.129
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.5391.727-0.188
TTM1.5391.719-0.180
YOY1.6301.653-0.023
5Y1.5601.642-0.082
10Y1.4301.349+0.081
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1.3. Liquidity of Kansai Nerolac Paints Limited.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Kansai Nerolac Paints Limited is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Chemicals industry mean).
  • A Current Ratio of 3.12¬†means the company has ₹3.12 in assets for each ₹1 in short-term debts.

Let's take a look of the Current Ratio trends of Kansai Nerolac Paints Limited:

  • The MRQ is 3.123. The company is very able to pay all its short-term debts. +2
  • The TTM is 3.123. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ3.123TTM3.1230.000
TTM3.123YOY2.524+0.599
TTM3.1235Y2.672+0.452
5Y2.67210Y2.811-0.139
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ3.1231.562+1.561
TTM3.1231.595+1.528
YOY2.5241.672+0.852
5Y2.6721.793+0.879
10Y2.8111.389+1.422
1.3.2. Quick Ratio

Measures if Kansai Nerolac Paints Limited is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Kansai Nerolac Paints Limited to the¬†Chemicals industry mean.
  • A Quick Ratio of 1.81¬†means the company can pay off ₹1.81 for each ₹1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Kansai Nerolac Paints Limited:

  • The MRQ is 1.811. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 1.811. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ1.811TTM1.8110.000
TTM1.811YOY1.552+0.258
TTM1.8115Y1.645+0.166
5Y1.64510Y1.915-0.271
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8110.511+1.300
TTM1.8110.560+1.251
YOY1.5520.723+0.829
5Y1.6450.744+0.901
10Y1.9150.748+1.167
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1.4. Solvency of Kansai Nerolac Paints Limited.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Kansai Nerolac Paints Limited assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Kansai Nerolac Paints Limited to Chemicals industry mean.
  • A Debt to Asset Ratio of 0.24¬†means that Kansai Nerolac Paints Limited assets are¬†financed with 24.4% credit (debt) and the remaining percentage (100% - 24.4%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Kansai Nerolac Paints Limited:

  • The MRQ is 0.244. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.244. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.244TTM0.2440.000
TTM0.244YOY0.281-0.037
TTM0.2445Y0.260-0.015
5Y0.26010Y0.248+0.011
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2440.438-0.194
TTM0.2440.429-0.185
YOY0.2810.423-0.142
5Y0.2600.412-0.152
10Y0.2480.411-0.163
1.4.2. Debt to Equity Ratio

Measures if Kansai Nerolac Paints Limited is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Kansai Nerolac Paints Limited to the¬†Chemicals industry mean.
  • A Debt to Equity ratio of 32.4% means that company has ₹0.32 debt for each ₹1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Kansai Nerolac Paints Limited:

  • The MRQ is 0.324. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.324. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.324TTM0.3240.000
TTM0.324YOY0.391-0.067
TTM0.3245Y0.352-0.028
5Y0.35210Y0.332+0.021
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3240.845-0.521
TTM0.3240.807-0.483
YOY0.3910.762-0.371
5Y0.3520.751-0.399
10Y0.3320.805-0.473
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2. Market Valuation of Kansai Nerolac Paints Limited

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every ₹1 in earnings Kansai Nerolac Paints Limited generates.

  • Above 15 is considered overpriced but¬†always compare¬†Kansai Nerolac Paints Limited to the¬†Chemicals industry mean.
  • A PE ratio of 22.69 means the investor is paying ₹22.69¬†for every ₹1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Kansai Nerolac Paints Limited:

  • The EOD is 18.627. Based on the earnings, the company is fair priced.
  • The MRQ is 22.694. Based on the earnings, the company is fair priced.
  • The TTM is 22.694. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD18.627MRQ22.694-4.068
MRQ22.694TTM22.6940.000
TTM22.694YOY74.960-52.266
TTM22.6945Y66.474-43.779
5Y66.47410Y53.837+12.637
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD18.62713.178+5.449
MRQ22.69413.389+9.305
TTM22.69413.884+8.810
YOY74.96011.906+63.054
5Y66.47415.087+51.387
10Y53.83723.588+30.249
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Kansai Nerolac Paints Limited:

  • The EOD is 33.154. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 40.394. Based on how much money comes from the company's main activities, the company is fair priced.
  • The TTM is 40.394. Based on how much money comes from the company's main activities, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD33.154MRQ40.394-7.240
MRQ40.394TTM40.3940.000
TTM40.394YOY124.526-84.132
TTM40.3945Y34.090+6.304
5Y34.09010Y257.272-223.183
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD33.154-3.350+36.504
MRQ40.394-4.220+44.614
TTM40.3940.032+40.362
YOY124.5260.809+123.717
5Y34.0901.372+32.718
10Y257.2721.922+255.350
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2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Kansai Nerolac Paints Limited is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Chemicals industry mean).
  • A PB ratio of 4.81 means the investor is paying ₹4.81¬†for each ₹1 in book value.

Let's take a look of the Price to Book Ratio trends of Kansai Nerolac Paints Limited:

  • The EOD is 3.944. Based on the equity, the company is fair priced.
  • The MRQ is 4.805. Based on the equity, the company is fair priced.
  • The TTM is 4.805. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.944MRQ4.805-0.861
MRQ4.805TTM4.8050.000
TTM4.805YOY7.830-3.025
TTM4.8055Y7.969-3.163
5Y7.96910Y7.061+0.908
Compared to industry (Chemicals)
PeriodCompanyIndustry (mean)+/- 
EOD3.9441.211+2.733
MRQ4.8051.339+3.466
TTM4.8051.425+3.380
YOY7.8301.714+6.116
5Y7.9691.693+6.276
10Y7.0612.170+4.891
2. Total Gains per Share
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3. Summary

3.1. Key Performance Indicators

The key performance indicators of Kansai Nerolac Paints Limited compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--13.17313.1730%-20.592+256%1.173+1023%8.657+52%
Book Value Per Share--69.25769.2570%56.084+23%64.386+8%55.074+26%
Current Ratio--3.1233.1230%2.524+24%2.672+17%2.811+11%
Debt To Asset Ratio--0.2440.2440%0.281-13%0.260-6%0.248-2%
Debt To Equity Ratio--0.3240.3240%0.391-17%0.352-8%0.332-2%
Dividend Per Share--1.8001.8000%0.683+164%2.666-32%2.747-34%
Eps--14.66414.6640%5.858+150%8.681+69%7.866+86%
Free Cash Flow Per Share--8.2398.2390%3.527+134%4.283+92%2.032+305%
Free Cash Flow To Equity Per Share--8.2398.2390%1.886+337%1.607+413%-1.098+113%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--181.500--------
Intrinsic Value_10Y_min--38.910--------
Intrinsic Value_1Y_max--7.297--------
Intrinsic Value_1Y_min--3.048--------
Intrinsic Value_3Y_max--30.225--------
Intrinsic Value_3Y_min--9.950--------
Intrinsic Value_5Y_max--63.159--------
Intrinsic Value_5Y_min--17.666--------
Market Cap--269028724224.000269028724224.0000%354997687213.338-24%342237280998.291-21%272900951689.473-1%
Net Profit Margin--0.1520.1520%0.063+142%0.095+60%0.110+39%
Operating Margin----0%-0%0.031-100%0.070-100%
Operating Ratio--1.5391.5390%1.630-6%1.560-1%1.430+8%
Pb Ratio3.944-22%4.8054.8050%7.830-39%7.969-40%7.061-32%
Pe Ratio18.627-22%22.69422.6940%74.960-70%66.474-66%53.837-58%
Price Per Share273.150-22%332.800332.8000%439.150-24%497.190-33%459.761-28%
Price To Free Cash Flow Ratio33.154-22%40.39440.3940%124.526-68%34.090+18%257.272-84%
Price To Total Gains Ratio18.243-22%22.22722.2270%-22.058+199%7.958+179%21.520+3%
Quick Ratio--1.8111.8110%1.552+17%1.645+10%1.915-5%
Return On Assets--0.1600.1600%0.075+113%0.100+60%0.127+26%
Return On Equity--0.2120.2120%0.104+103%0.135+58%0.168+27%
Total Gains Per Share--14.97314.9730%-19.909+233%3.839+290%11.405+31%
Usd Book Value--666233400.000666233400.0000%539510300.000+23%525449736.000+27%448900791.111+48%
Usd Book Value Change Per Share--0.1570.1570%-0.245+256%0.014+1023%0.103+52%
Usd Book Value Per Share--0.8240.8240%0.667+23%0.766+8%0.655+26%
Usd Dividend Per Share--0.0210.0210%0.008+164%0.032-32%0.033-34%
Usd Eps--0.1750.1750%0.070+150%0.103+69%0.094+86%
Usd Free Cash Flow--79255190.00079255190.0000%33924520.000+134%39314744.000+102%22178030.000+257%
Usd Free Cash Flow Per Share--0.0980.0980%0.042+134%0.051+92%0.024+305%
Usd Free Cash Flow To Equity Per Share--0.0980.0980%0.022+337%0.019+413%-0.013+113%
Usd Market Cap--3201441818.2663201441818.2660%4224472477.839-24%4072623643.880-21%3247521325.105-1%
Usd Price Per Share3.250-22%3.9603.9600%5.226-24%5.917-33%5.471-28%
Usd Profit--141067360.000141067360.0000%56356020.000+150%73033394.000+93%72003065.556+96%
Usd Revenue--928371360.000928371360.0000%897584870.000+3%763212212.000+22%676435270.000+37%
Usd Total Gains Per Share--0.1780.1780%-0.237+233%0.046+290%0.136+31%
 EOD+4 -2MRQTTM+0 -0YOY+31 -35Y+28 -710Y+27 -8

3.2. Fundamental Score

Let's check the fundamental score of Kansai Nerolac Paints Limited based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1518.627
Price to Book Ratio (EOD)Between0-13.944
Net Profit Margin (MRQ)Greater than00.152
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than11.811
Current Ratio (MRQ)Greater than13.123
Debt to Asset Ratio (MRQ)Less than10.244
Debt to Equity Ratio (MRQ)Less than10.324
Return on Equity (MRQ)Greater than0.150.212
Return on Assets (MRQ)Greater than0.050.160
Total7/10 (70.0%)

3.3. Technical Score

Let's check the technical score of Kansai Nerolac Paints Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.688
Ma 20Greater thanMa 50273.328
Ma 50Greater thanMa 100274.587
Ma 100Greater thanMa 200277.118
OpenGreater thanClose273.550
Total1/5 (20.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in INR. All numbers in thousands.

Summary
Total Assets74,097,200
Total Liabilities18,111,200
Total Stockholder Equity55,825,600
 As reported
Total Liabilities 18,111,200
Total Stockholder Equity+ 55,825,600
Total Assets = 74,097,200

Assets

Total Assets74,097,200
Total Current Assets47,490,400
Long-term Assets26,606,300
Total Current Assets
Cash And Cash Equivalents 1,722,300
Short-term Investments 14,184,200
Net Receivables 13,348,800
Inventory 16,874,600
Other Current Assets 1,360,000
Total Current Assets  (as reported)47,490,400
Total Current Assets  (calculated)47,489,900
+/- 500
Long-term Assets
Property Plant Equipment 22,981,100
Goodwill 197,800
Intangible Assets 167,200
Long-term Assets Other 1,145,000
Long-term Assets  (as reported)26,606,300
Long-term Assets  (calculated)24,491,100
+/- 2,115,200

Liabilities & Shareholders' Equity

Total Current Liabilities15,205,600
Long-term Liabilities2,905,600
Total Stockholder Equity55,825,600
Total Current Liabilities
Short Long Term Debt 1,057,000
Accounts payable 10,955,800
Other Current Liabilities 1,675,800
Total Current Liabilities  (as reported)15,205,600
Total Current Liabilities  (calculated)13,688,600
+/- 1,517,000
Long-term Liabilities
Long term Debt 150,000
Capital Lease Obligations Min Short Term Debt1,557,200
Long-term Liabilities  (as reported)2,905,600
Long-term Liabilities  (calculated)1,707,200
+/- 1,198,400
Total Stockholder Equity
Total Stockholder Equity (as reported)55,825,600
Total Stockholder Equity (calculated)0
+/- 55,825,600
Other
Capital Stock808,400
Common Stock Shares Outstanding 808,380
Net Invested Capital 57,032,600
Net Working Capital 32,284,800
Property Plant and Equipment Gross 22,981,100



Balance Sheet

Currency in INR. All numbers in thousands.

 Trend2023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
> Total Assets 
32,404,500
36,362,500
41,299,200
45,178,900
48,836,200
55,333,500
57,093,800
63,063,600
74,097,200
74,097,20063,063,60057,093,80055,333,50048,836,20045,178,90041,299,20036,362,50032,404,500
   > Total Current Assets 
21,851,300
23,902,700
25,849,900
23,203,500
24,885,400
31,778,600
32,302,800
38,030,700
47,490,400
47,490,40038,030,70032,302,80031,778,60024,885,40023,203,50025,849,90023,902,70021,851,300
       Cash And Cash Equivalents 
0
556,200
632,100
250,300
35,500
1,029,400
770,400
996,100
1,722,300
1,722,300996,100770,4001,029,40035,500250,300632,100556,2000
       Short-term Investments 
0
9,618,700
8,448,000
1,964,100
3,148,300
6,680,600
2,094,600
4,981,300
14,184,200
14,184,2004,981,3002,094,6006,680,6003,148,3001,964,1008,448,0009,618,7000
       Net Receivables 
5,455,100
5,904,400
7,026,400
7,555,800
7,869,800
9,563,500
10,933,300
12,379,100
13,348,800
13,348,80012,379,10010,933,3009,563,5007,869,8007,555,8007,026,4005,904,4005,455,100
       Inventory 
5,827,200
7,032,000
8,291,800
11,110,600
10,083,500
11,979,300
16,295,500
17,291,300
16,874,600
16,874,60017,291,30016,295,50011,979,30010,083,50011,110,6008,291,8007,032,0005,827,200
       Other Current Assets 
19,900
4,390,600
3,253,500
28,199
118,200
215,900
289,600
222,500
1,360,000
1,360,000222,500289,600215,900118,20028,1993,253,5004,390,60019,900
   > Long-term Assets 
0
12,459,700
15,449,300
21,975,400
23,950,800
23,554,900
24,791,000
25,032,400
26,606,300
26,606,30025,032,40024,791,00023,554,90023,950,80021,975,40015,449,30012,459,7000
       Property Plant Equipment 
9,765,300
11,084,800
13,767,000
17,208,700
19,999,700
20,590,600
21,739,600
21,837,500
22,981,100
22,981,10021,837,50021,739,60020,590,60019,999,70017,208,70013,767,00011,084,8009,765,300
       Goodwill 
22,700
22,700
22,700
195,800
197,800
197,800
197,800
197,800
197,800
197,800197,800197,800197,800197,800195,80022,70022,70022,700
       Intangible Assets 
5,500
9,000
23,700
407,900
555,600
400,200
268,200
174,100
167,200
167,200174,100268,200400,200555,600407,90023,7009,0005,500
       Other Assets 
0
0
0
308,100
298,400
252,600
314,800
600,900
0
0600,900314,800252,600298,400308,100000
> Total Liabilities 
7,308,400
8,217,500
9,976,000
11,015,600
11,233,200
14,804,500
15,771,600
17,726,600
18,111,200
18,111,20017,726,60015,771,60014,804,50011,233,20011,015,6009,976,0008,217,5007,308,400
   > Total Current Liabilities 
6,784,800
7,088,300
8,900,000
9,504,300
9,172,400
12,405,200
13,260,600
15,066,500
15,205,600
15,205,60015,066,50013,260,60012,405,2009,172,4009,504,3008,900,0007,088,3006,784,800
       Short-term Debt 
0
0
168,300
965,100
1,498,200
1,496,600
1,858,100
1,490,500
0
01,490,5001,858,1001,496,6001,498,200965,100168,30000
       Short Long Term Debt 
0
104,500
254,500
1,036,000
1,547,800
1,496,600
1,920,600
1,553,000
1,057,000
1,057,0001,553,0001,920,6001,496,6001,547,8001,036,000254,500104,5000
       Accounts payable 
0
5,606,600
6,998,700
6,933,800
5,953,900
9,068,200
9,806,400
10,155,500
10,955,800
10,955,80010,155,5009,806,4009,068,2005,953,9006,933,8006,998,7005,606,6000
       Other Current Liabilities 
0
302,000
218,600
217,100
188,400
376,900
325,900
2,157,600
1,675,800
1,675,8002,157,600325,900376,900188,400217,100218,600302,0000
   > Long-term Liabilities 
0
1,047,800
912,200
1,310,400
1,844,000
2,036,500
2,318,100
2,393,000
2,905,600
2,905,6002,393,0002,318,1002,036,5001,844,0001,310,400912,2001,047,8000
       Long term Debt Total 
294,400
182,000
97,100
43,500
762,200
943,100
1,030,500
1,046,600
0
01,046,6001,030,500943,100762,20043,50097,100182,000294,400
> Total Stockholder Equity
25,096,100
28,145,000
31,323,200
34,163,300
37,603,000
40,529,000
41,322,200
45,337,000
55,825,600
55,825,60045,337,00041,322,20040,529,00037,603,00034,163,30031,323,20028,145,00025,096,100
   Common Stock
538,900
538,900
538,900
538,900
538,900
538,900
538,900
538,900
0
0538,900538,900538,900538,900538,900538,900538,900538,900
   Retained Earnings 
24,432,900
27,486,700
32,620,600
33,513,500
37,001,700
39,929,900
40,713,000
44,586,200
0
044,586,20040,713,00039,929,90037,001,70033,513,50032,620,60027,486,70024,432,900
   Capital Surplus 
125,600
125,600
125,600
125,600
125,600
125,600
125,600
125,600
0
0125,600125,600125,600125,600125,600125,600125,600125,600
   Treasury Stock000000000
   Other Stockholders Equity 
-1,300
-6,200
-1,961,900
-14,700
-63,200
-65,400
-55,300
86,300
0
086,300-55,300-65,400-63,200-14,700-1,961,900-6,200-1,300



Balance Sheet

Currency in INR. All numbers in thousands.




Cash Flow

Currency in INR. All numbers in thousands.




Income Statement

Currency in INR. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue78,014,400
Cost of Revenue-50,441,100
Gross Profit27,573,30027,573,300
 
Operating Income (+$)
Gross Profit27,573,300
Operating Expense-69,641,500
Operating Income8,372,900-42,068,200
 
Operating Expense (+$)
Research Development0
Selling General Administrative0
Selling And Marketing Expenses0
Operating Expense69,641,5000
 
Net Interest Income (+$)
Interest Income0
Interest Expense-292,100
Other Finance Cost-0
Net Interest Income-292,100
 
Pretax Income (+$)
Operating Income8,372,900
Net Interest Income-292,100
Other Non-Operating Income Expenses0
Income Before Tax (EBT)15,612,1008,372,900
EBIT - interestExpense = -292,100
11,854,400
12,146,500
Interest Expense292,100
Earnings Before Interest and Taxes (EBIT)015,904,200
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax15,612,100
Tax Provision-3,853,500
Net Income From Continuing Ops11,758,60011,758,600
Net Income11,854,400
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0292,100
 

Technical Analysis of Kansai Nerolac Paints Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Kansai Nerolac Paints Limited. The general trend of Kansai Nerolac Paints Limited is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Kansai Nerolac Paints Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Kansai Nerolac Paints Limited.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 281.79 < 285.75 < 287.95.

The bearish price targets are: 265.83 > 265.55 > 260.43.

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Kansai Nerolac Paints Limited Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Kansai Nerolac Paints Limited. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Kansai Nerolac Paints Limited Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Kansai Nerolac Paints Limited. The current macd is -0.31630594.

The long score for the Moving Average Convergence/Divergence (MACD) is 0/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -4/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Kansai Nerolac Paints Limited price going down in the near term. -2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Kansai Nerolac Paints Limited. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Kansai Nerolac Paints Limited price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Kansai Nerolac Paints Limited Daily Moving Average Convergence/Divergence (MACD) ChartKansai Nerolac Paints Limited Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Kansai Nerolac Paints Limited. The current adx is 23.31.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -2/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Kansai Nerolac Paints Limited shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bearish trend could be forming. -1
Kansai Nerolac Paints Limited Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Kansai Nerolac Paints Limited. The current sar is 287.57.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Kansai Nerolac Paints Limited Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Kansai Nerolac Paints Limited. The current rsi is 47.69. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
Kansai Nerolac Paints Limited Daily Relative Strength Index (RSI) ChartKansai Nerolac Paints Limited Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Kansai Nerolac Paints Limited. The current phase is Continuation in bear market.

The long score for the Stochastic Oscillator is 3/6.
The longshort score for the Stochastic Oscillator is 2/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Kansai Nerolac Paints Limited price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Kansai Nerolac Paints Limited Daily Stochastic Oscillator ChartKansai Nerolac Paints Limited Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Kansai Nerolac Paints Limited. The current cci is -51.76447651.

Kansai Nerolac Paints Limited Daily Commodity Channel Index (CCI) ChartKansai Nerolac Paints Limited Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Kansai Nerolac Paints Limited. The current cmo is -6.64241735.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Kansai Nerolac Paints Limited Daily Chande Momentum Oscillator (CMO) ChartKansai Nerolac Paints Limited Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Kansai Nerolac Paints Limited. The current willr is -66.07142857.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Kansai Nerolac Paints Limited is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Kansai Nerolac Paints Limited Daily Williams %R ChartKansai Nerolac Paints Limited Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Kansai Nerolac Paints Limited.

Kansai Nerolac Paints Limited Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Kansai Nerolac Paints Limited. The current atr is 6.56909641.

Kansai Nerolac Paints Limited Daily Average True Range (ATR) ChartKansai Nerolac Paints Limited Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Kansai Nerolac Paints Limited. The current obv is -832,274.

Kansai Nerolac Paints Limited Daily On-Balance Volume (OBV) ChartKansai Nerolac Paints Limited Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Kansai Nerolac Paints Limited. The current mfi is 47.67.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Kansai Nerolac Paints Limited Daily Money Flow Index (MFI) ChartKansai Nerolac Paints Limited Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Kansai Nerolac Paints Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-02-23MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-29STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-04STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-14ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-15RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-03-18SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-21STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-22MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-28WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-01RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-02CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-04-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-04-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-15SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-23STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-04-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-05-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-05-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-08CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-09SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-17STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-21STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-05-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-24MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-05-27STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-05-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-30STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-31STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-06-04CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-05CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-06-07CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-10STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-06-12STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-20STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-06-21STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-06-26SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-07-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-03STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-07-04STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-07-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-07-09CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-07-10MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-07-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-07-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-07-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-07-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-07-23STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

Kansai Nerolac Paints Limited Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Kansai Nerolac Paints Limited based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5047.688
Ma 20Greater thanMa 50273.328
Ma 50Greater thanMa 100274.587
Ma 100Greater thanMa 200277.118
OpenGreater thanClose273.550
Total1/5 (20.0%)
Penke

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