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Kansai Nerolac PaintsBOM:500165 +0.31%92 Net Current Asset Value is ₹46.70 as of Mar. 2026, which is 100% below its 10-year median of 13.98. GuruFocus rates BOM:500165 with a GF Score™ of 92/100 and a GF Value™ of ₹277.14 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 949 Chemicals companies, Kansai Nerolac Paints ranks better than 54.48% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Kansai Nerolac Paints's net current asset value per share for the quarter that ended in Mar. 2026 was ₹46.70.
The historical rank and industry rank for Kansai Nerolac Paints's Net Current Asset Value or its related term are showing as below:
BOM:500165'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.58 Med: 13.98 Max: 21.76
Current: 4.52
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kansai Nerolac Paints was 21.76. The lowest was 3.58. And the median was 13.98.
BOM:500165's Price-to-Net-Current-Asset-Value is ranked better than 54.48% of 949
companies
in the Chemicals industry
Industry Median: 5.15
vs BOM:500165: 4.52
Kansai Nerolac Paints (BOM:500165) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Kansai Nerolac Paints Net Current Asset Value Related Terms
Kansai Nerolac Paints Net Current Asset Value Historical Data
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The historical data trend for Kansai Nerolac Paints's Net Current Asset Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kansai Nerolac Paints Net Current Asset Value Chart
BOM:500165 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, Kansai Nerolac Paints's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kansai Nerolac Paints Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Kansai Nerolac Paints's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kansai Nerolac Paints's Price-to-Net-Current-Asset-Value falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Net Current Asset Value of ₹46.70 mean?
Kansai Nerolac Paints (BOM:500165) has a Net Current Asset Value of ₹46.70 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Kansai Nerolac Paints and its competitors. This is 234% above median its historical median of 13.98. Over the past decade, Kansai Nerolac Paints' Net Current Asset Value has ranged from 3.58 to 21.76. According to the industry distribution chart, Kansai Nerolac Paints ranks #432 out of 949 companies in the Chemicals industry, placing it in the top 45.5%.
Is Kansai Nerolac Paints' Net Current Asset Value too high?
Kansai Nerolac Paints' current Net Current Asset Value of ₹46.70 is 234% above median its 10-year median of 13.98. Over the past 10 years, this metric has ranged from a low of 3.58 to a high of 21.76. Based on the distribution chart, Kansai Nerolac Paints ranks #432 out of 949 companies in the Chemicals industry, which is above the industry midpoint. Overall, Kansai Nerolac Paints has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kansai Nerolac Paints' Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, Kansai Nerolac Paints ranks #432 out of 949 companies for Net Current Asset Value. This puts Kansai Nerolac Paints in the upper half of its industry. The industry median Net Current Asset Value is 5.15. Historically, Kansai Nerolac Paints' own Net Current Asset Value has ranged from 3.58 to 21.76 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.15, based on 949 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Kansai Nerolac Paints and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kansai Nerolac Paints's current Net Current Asset Value is ₹46.70, which is 234% above median its own 10-year median of 13.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kansai Nerolac Paints stock overvalued right now?
Based on GuruFocus' analysis, Kansai Nerolac Paints (BOM:500165) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹277.14, compared to a current price of ₹211.15 — trading 23.8% below its estimated fair value. The current Net Current Asset Value is ₹46.70, which is 234% above median its 10-year median of 13.98. Kansai Nerolac Paints' overall GF Score™ is 92/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Kansai Nerolac Paints (BOM:500165), the current Net Current Asset Value is ₹46.70 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kansai Nerolac Paints (BOM:500165) Overvalued in 2026?
Based on GuruFocus' analysis, Kansai Nerolac Paints stock appears to be undervalued.
The current stock price of ₹211.15 is trading 23.8% below its estimated GF Value™ of ₹277.14.
GuruFocus considers Kansai Nerolac Paints to be Modestly Undervalued.
Key valuation signals for BOM:500165:
Net Current Asset Value: ₹46.70 (234% above median its 10-year median of 13.98)
GF Value™: ₹277.14 vs. price of ₹211.15 (23.8% below fair value)
No single metric tells the full story. See the BOM:500165 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kansai Nerolac Paints Ltd manufacturers of paints and coatings in India. It . Focused on delivering coating solutions. Its products are Interior wall paints, Exterior wall paints, Wood Coating, Metal enamel paints, Paint ancillary, Waterproofing Services, Interior Textures, Exterior Textures, Tiling Solutions. Its services are Trained and Certified Painters, Extensive background check, Clean and dust-free process, Start-to-end guidance by experts, colour consultation, colour selection tools, On-Site Sanitation, Quotations based on requirement. The business activity as a single business segment viz. Paints and the sales substantially being in the domestic market.
92GF Score
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