Synopsis
Kansai Nerolac Ltd is a subsidiary of Kansai Paint Company of Japan, which has 74.99% of the Indian company as of March 2022. According to CRISIL (May 2022), the company is a leading player in the domestic industrial paints 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 segments within the automotive industry are seeing a recovery and there are indications of raw material prices softening, will the stock regain the valuations it had in the good old days?Kansai Nerolac Ltd is a subsidiary of Kansai Paint Company of Japan, which has 74.99% of the Indian company as of March 2022. According
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