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Berger Paints India

₹545.5 9.1 | 1.7%

Market Cap ₹63594 Cr.

Stock P/E 53.8

P/B 10.1

Current Price ₹545.5

Book Value ₹ 53.9

Face Value 1

52W High ₹604.6

Dividend Yield 0.7%

52W Low ₹ 437.8

Berger Paints India Research see more...

Overview Inc. Year: 1923Industry: Paints

Berger Paints India Limited is engaged in the production and selling of paints, varnishes, enamels or lacquers. The Company offers merchandise in classes, which includes interior wall coatings, exterior wall coatings, outdoors textures, metal finishes, wood finishes, glass finishes, underneath coats, water proofing solutions and external thermal insulation and composite systems (ETICS). Its designer finishes include Silk Illusions Design Metallica, Silk Illusions Non Metallic, Silk Illusions Metallica and Silk Illusions Marble Finish. Its interior emulsions include Silk Glow,Silk Breathe Easy, Silk Glamorand Silk Luxury Emulsion. Its interior wall distempers include Bison Distemper. The Company's exterior emulsions encompass WeatherCoat Long Life 10, WeatherCoat Long Life 7, WeatherCoat Anti Dustt, WeatherCoat Glow, WeatherCoat Champ, WeatherCoat Floor Protector and WeatherCoat Tile Protector. Its outdoors textures consist of Florentina, Solitaire and Ruff N Tuff.

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Berger Paints India Share Price

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Peer Comparison

Berger Paints India Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 3030 2767 2882 2520 3091 2775 2975 2704 3201 2827
Other Income 14 15 19 16 36 21 20 17 28 26
Total Income 3043 2783 2901 2536 3127 2796 2995 2721 3229 2853
Total Expenditure 2473 2294 2402 2169 2569 2340 2503 2276 2672 2475
Operating Profit 570 489 499 367 559 455 492 445 557 378
Interest 20 21 20 18 15 17 16 15 14 17
Depreciation 78 83 83 87 87 89 89 89 94 97
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 -37 0
Profit Before Tax 472 385 396 262 456 349 387 341 412 264
Provision for Tax 121 97 98 71 112 88 98 87 108 68
Profit After Tax 351 288 299 191 344 261 289 254 304 196
Adjustments 3 3 1 32 9 9 6 8 11 11
Profit After Adjustments 354 292 300 222 354 270 295 262 315 206
Adjusted Earnings Per Share 3 2.5 2.6 1.9 3 2.3 2.5 2.2 2.7 1.8

Berger Paints India Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 4322 4223 4552 5166 6062 6366 6818 8762 10568 11199 11545 11707
Other Income 36 38 55 46 60 69 51 65 52 64 95 91
Total Income 4358 4261 4607 5212 6122 6434 6869 8826 10619 11263 11639 11798
Total Expenditure 3811 3583 3835 4361 5128 5305 5630 7431 9081 9338 9689 9926
Operating Profit 547 678 771 851 994 1130 1239 1396 1539 1925 1951 1872
Interest 50 27 16 25 47 47 44 51 99 78 63 62
Depreciation 93 97 106 122 180 191 211 227 264 331 354 369
Exceptional Income / Expenses 0 0 44 0 0 0 0 0 0 0 0 -37
Profit Before Tax 404 559 703 705 765 883 979 1122 1162 1557 1568 1404
Provision for Tax 139 189 229 244 271 227 259 289 302 387 386 361
Profit After Tax 265 371 474 461 494 656 720 833 860 1170 1183 1043
Adjustments 0 0 0 0 0 2 0 -0 -1 -2 -2 36
Profit After Adjustments 265 371 474 461 494 658 720 833 859 1168 1180 1078
Adjusted Earnings Per Share 2.3 3.2 4.1 4 4.2 5.6 6.2 7.1 7.4 10 10.1 9.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 3% 10% 13% 10%
Operating Profit CAGR 1% 12% 12% 14%
PAT CAGR 1% 12% 13% 16%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 11% 3% 0% 15%
ROE Average 21% 22% 22% 23%
ROCE Average 27% 28% 28% 29%

Berger Paints India Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1261 1562 1902 2195 2444 2660 3377 3927 4494 5379 6154
Minority's Interest 0 0 0 0 3 7 7 7 8 10 13
Borrowings 251 211 262 249 239 243 166 10 8 6 3
Other Non-Current Liabilities 72 80 704 933 1384 1596 1889 1956 2091 2338 2592
Total Current Liabilities 1132 1024 1179 1520 1691 1824 2172 3576 3672 3274 3371
Total Liabilities 2716 2877 4047 4897 5761 6330 7610 9476 10272 11007 12133
Fixed Assets 931 963 1136 1267 1583 1916 2044 2187 3332 3500 3677
Other Non-Current Assets 154 183 854 1153 1478 1711 1938 2508 2079 2278 2574
Total Current Assets 1631 1730 2058 2477 2700 2704 3628 4782 4861 5229 5881
Total Assets 2716 2877 4047 4897 5761 6330 7610 9476 10272 11007 12133

Berger Paints India Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 47 74 42 45 84 57 79 136 103 116 240
Cash Flow from Operating Activities 414 595 395 422 611 725 796 567 976 1591 1269
Cash Flow from Investing Activities -184 -259 -308 -183 -379 -223 -457 -521 -600 -398 -650
Cash Flow from Financing Activities -198 -368 -82 -200 -259 -479 -282 -78 -363 -1069 -606
Net Cash Inflow / Outflow 32 -32 4 38 -27 22 57 -33 12 124 14
Closing Cash & Cash Equivalent 79 42 45 84 57 79 136 103 116 240 254

Berger Paints India Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.27 3.18 4.07 3.95 4.24 5.64 6.18 7.15 7.37 10.02 10.12
CEPS(Rs) 3.07 4.02 4.98 5 5.78 7.27 7.99 9.09 9.65 12.87 13.18
DPS(Rs) 1.25 1.65 1.75 1.8 1.9 2.2 2.8 3.1 2.67 3.5 3.8
Book NAV/Share(Rs) 10.8 13.4 16.31 18.81 20.95 22.81 28.95 33.63 38.51 46.1 52.74
Core EBITDA Margin(%) 10.73 13.66 14.19 15.24 15.4 14.22 14.7 13.06 11.97 14.16 13.6
EBIT Margin(%) 9.55 12.52 14.24 13.81 13.4 12.47 12.65 11.51 10.16 12.44 11.96
Pre Tax Margin(%) 8.49 11.94 13.92 13.34 12.62 11.84 12.11 11.01 9.36 11.84 11.5
PAT Margin (%) 5.56 7.91 9.38 8.72 8.15 8.79 8.9 8.17 6.93 8.9 8.67
Cash Profit Margin (%) 7.51 9.99 11.48 11.04 11.12 11.35 11.52 10.4 9.05 11.41 11.26
ROA(%) 9.97 13.25 13.68 10.3 9.27 10.85 10.33 9.75 8.71 11 10.22
ROE(%) 22.3 26.29 27.36 22.52 21.32 25.73 23.86 22.84 20.46 23.72 20.53
ROCE(%) 25.15 30.98 34.06 29.62 29.12 30.2 29.44 28.1 25.6 30.15 27.46
Receivable days 39.15 42.1 40.6 43.9 41.06 33.89 39.14 37.13 33.75 35.32 37.95
Inventory Days 54.27 56.6 60.3 67.13 67.46 61.43 65.35 70.42 68.11 62.44 60.8
Payable days 71.58 81.03 94.97 101.84 93.79 97.22 123.21 115.42 97.7 94.55 94.22
PER(x) 54.69 45.76 49.51 54.04 63.58 73.44 103.19 81.62 65.72 57.2 49.37
Price/Book(x) 11.51 10.86 12.34 11.36 12.87 18.18 22.01 17.34 12.58 12.43 9.48
Dividend Yield(%) 0.6 0.67 0.72 0.7 0.59 0.44 0.37 0.44 0.55 0.61 0.76
EV/Net Sales(x) 3.45 4.07 5.22 4.86 5.23 7.64 10.88 7.8 5.39 5.94 5.02
EV/Core EBITDA(x) 27.28 25.37 30.79 29.52 31.92 43.05 59.87 48.96 37.04 34.57 29.69
Net Sales Growth(%) 11.69 -2.29 7.79 13.48 17.35 5.01 7.1 28.52 20.61 5.97 3.09
EBIT Growth(%) 14.53 29.11 22.65 1.39 11.4 14.5 9.95 14.7 7.55 29.61 -0.21
PAT Growth(%) 6.14 39.99 27.82 -2.71 7.17 32.84 9.7 15.73 3.3 35.96 1.11
EPS Growth(%) 6.09 39.95 27.81 -2.71 7.25 33.07 9.4 15.71 3.18 35.86 1.08
Debt/Equity(x) 0.48 0.23 0.21 0.19 0.21 0.2 0.11 0.17 0.17 0.04 0.02
Current Ratio(x) 1.44 1.69 1.74 1.63 1.6 1.48 1.67 1.34 1.32 1.6 1.74
Quick Ratio(x) 0.81 0.97 0.95 0.97 0.87 0.78 0.93 0.69 0.69 0.93 1.04
Interest Cover(x) 9.06 21.5 44.35 29.71 17.2 19.77 23.19 23.13 12.71 20.9 25.79
Total Debt/Mcap(x) 0.04 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01 0 0

Berger Paints India Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 74.99 74.99 74.99 74.99 74.99 74.99 74.99 74.98 74.98 74.98
FII 10.83 10.89 10.68 10.66 7.51 6.98 5.94 5.75 5.6 5.35
DII 3.75 4.07 4.68 5.18 7.57 8.77 9.59 10.1 10.44 10.7
Public 10.42 10.05 9.65 9.17 9.93 9.26 9.48 9.17 8.98 8.97
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Debtor days have improved from 94.55 to 94.22days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Stock is trading at 10.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Berger Paints India News

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