Specialty and Performance Chemicals

Kansai Paint Co., Ltd.

Kansai Paint faces difficulties in obtaining raw materials due to Middle East tensions

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Kansai Paint (TSE:4613) reported FY 2026 Q4 revenue of ¥147.4b and basic EPS of ¥9.42, with a trailing 12-month revenue of ¥589.8b and EPS of ¥179.65. The net profit margin decreased to 5.4% from 6.5% a year earlier, raising concerns despite consistent profitability across quarters. The stock trades at a P/E of 12.4x and a dividend yield of 4.93%, but cash flow coverage for the dividend is weak. Analysts have a price target of ¥2,685.00, indicating potential upside from the current share price of ¥2,233.50.

Simplywall

Kansai Paint (TSE:4613) Margin Compression To 5.4% Tests Bullish Earnings Narratives

The global High Performance Epoxy Coating Market is projected to grow from USD 10.78 billion in 2026 to USD 19.68 billion by 2036, with a CAGR of 6.2%. This growth is driven by rising demand for corrosion-resistant coatings in infrastructure, marine, and industrial sectors, particularly in China and India. Key segments include corrosion-resistant coatings (42% market share) and protective coatings (40% market share). The market is influenced by increasing infrastructure investments, environmental regulations, and technological advancements in coating formulations. Major players include AkzoNobel, PPG, and Kansai Paint.

MorningStar

Global High Performance Epoxy Coating Market CAGR 6.2% Through 2036: Infrastructure Boom in China & India Accelerates Growth for AkzoNobel, PPG & Kansai Paint

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Paint companies are facing margin pressure due to rising crude and gas prices, leading to price hikes. Asian Paints has announced increases of 6-8% effective mid-April, while Berger Paints and others have also raised prices. Analysts expect demand to remain stable despite these hikes, with Asian Paints reporting 4% revenue growth in Q3FY26. Kansai Nerolac is seeing faster growth in auto and industrial segments. Berger Paints anticipates recovery with double-digit volume growth in FY27. A contrarian view suggests potential buying opportunities in the paint industry as competitive intensity may ease.

Business Standard

Rock Paint Co., Ltd.

Chugoku Marine Paints,Ltd.

Shinto Paint Co., Ltd.

Paint majors face near-term margin pressure amid rising crude costs

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Shares of paint companies, including Asian Paints, Indigo Paints, and Berger Paints, rose by up to 5% on the BSE due to falling oil prices. Despite this, paint stocks have underperformed in 2026, with declines of up to 38% attributed to poor operational performance and high crude oil prices. Asian Paints plans a 6-8% price increase to offset rising costs, while other companies like Berger and Kansai Nerolac are also expected to raise prices. Analysts predict a gradual recovery in the industry, with revenue growth supported by stable raw material prices.

Nomura Holdings, Inc.

Paint stocks: Asian Paints, Indigo Paints, Berger, Shalimar gain up to 5%

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Prabhudas Lilladher has maintained a Buy rating on Kansai Nerolac Paints Limited, setting a price target of INR248.00, while the shares currently close at INR200.40. The analyst consensus suggests a Moderate Buy rating with a 23.75% upside potential. Additionally, TipRanks reiterated a Buy rating with a price target of INR230.00.

Tip Ranks

NIPPON PAINT HOLDINGS CO.LTD.

Kansai Nerolac Paints Limited (KANSAINER): New Buy Recommendation for This Basic Materials Giant

Kansai Paint (TSE:4613) has undergone a realignment of its board and executive officers to enhance its international presence. The company's share price has shown positive momentum, with a 1-month return of 10.14% and a 1-year total shareholder return of 33.48%. Currently trading at ¥2,716.5, the stock's P/E ratio of 13.5x is below the JP market average, suggesting it may be undervalued. However, a DCF analysis indicates the stock is trading at a premium compared to its cash flow value. Investors are advised to weigh potential risks against growth expectations.

A Look At Kansai Paint (TSE:4613) Valuation After Its Board And Executive Realignment

India's Berger Paints reported an 8.1% drop in quarterly profit to 2.71 billion rupees due to unseasonal rains and a one-time charge from new labour laws. Revenues rose slightly by 0.3% year-on-year. CEO Abhijit Roy noted improved demand later in the quarter. Competitors like Asian Paints and Kansai Nerolac also faced profit declines linked to similar charges. Analysts had anticipated volume growth but cited competition and pricing pressures as challenges for the sector.

Kansai Paint Co., Ltd.(4613.JP)

Kansai Paint (TSE:4613) Margin Compression To 5.4% Tests Bullish Earnings Narratives

Global High Performance Epoxy Coating Market CAGR 6.2% Through 2036: Infrastructure Boom in China & India Accelerates Growth for AkzoNobel, PPG & Kansai Paint

Paint majors face near-term margin pressure amid rising crude costs

Paint stocks: Asian Paints, Indigo Paints, Berger, Shalimar gain up to 5%

Kansai Nerolac Paints Limited (KANSAINER): New Buy Recommendation for This Basic Materials Giant