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essence
Kansai Nerolac Limited is a subsidiary of Japan’s Kansai Paint Company, which holds 74.99% stake in the Indian company as of March 2022. As per CRISIL (May 2022), the company is a leading player in the domestic industrial paint 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 sectors within the automotive industry are seeing recovery and there are signs of moderation in raw material prices, will the stock regain its valuations in the good old days? Kansai Nerolac Limited is a subsidiary of Japan’s Kansai Paint Company, in which the Indian company holds 74.99% as of March 2022.
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