Berger Paints India

₹490.4 9.1 | 1.9%

WEBSITE BSE:509480 NSE : BERGE PAINT 10 May, 16:01

Market Cap ₹57165 Cr.

Stock P/E 50.5

P/B 11.1

Current Price ₹490.4

Book Value ₹ 44.1

Face Value 1

52W High ₹679.1

Dividend Yield 0.65%

52W Low ₹ 478.2

Edit Ratio

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.

Berger Paints India Share Price

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Berger Paints India Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	2225	2551	2188	2760	2671	2694	2444	3030	2767	2882
Other Income	13	15	19	13	13	11	15	14	15	19
Total Income	2238	2566	2207	2773	2684	2704	2459	3043	2783	2901
Total Expenditure	1871	2159	1841	2355	2307	2344	2075	2473	2294	2402
Operating Profit	367	408	366	418	377	361	384	570	489	499
Interest	13	14	15	16	24	30	29	20	21	20
Depreciation	56	56	60	63	62	64	74	78	83	83
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	298	338	291	339	290	267	280	472	385	396
Provision for Tax	79	84	76	89	73	68	72	121	97	98
Profit After Tax	219	253	215	250	216	199	208	351	288	299
Adjustments	-0	-1	6	3	3	2	-23	3	3	1
Profit After Adjustments	219	253	221	253	219	201	186	354	292	300
Adjusted Earnings Per Share	1.9	2.2	1.9	2.2	1.9	1.7	1.6	3	2.5	2.6

Berger Paints India Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	3346	3870	4322	4223	4552	5166	6062	6366	6818	8762	10568	11123
Other Income	31	36	36	38	55	46	60	69	51	65	52	63
Total Income	3378	3906	4358	4261	4607	5212	6122	6434	6869	8826	10619	11186
Total Expenditure	2975	3438	3811	3583	3835	4361	5128	5305	5630	7431	9081	9244
Operating Profit	403	467	547	678	771	851	994	1130	1239	1396	1539	1942
Interest	38	47	50	27	16	25	47	47	44	51	99	90
Depreciation	57	71	93	97	106	122	180	191	211	227	264	318
Exceptional Income / Expenses	0	0	0	0	44	0	0	0	0	0	0	0
Profit Before Tax	308	350	404	559	703	705	765	883	979	1122	1162	1533
Provision for Tax	90	101	139	189	229	244	271	227	259	289	302	388
Profit After Tax	218	249	265	371	474	461	494	656	720	833	860	1146
Adjustments	0	0	0	0	0	0	0	2	0	-0	-1	-16
Profit After Adjustments	218	249	265	371	474	461	494	658	720	833	859	1132
Adjusted Earnings Per Share	1.9	2.1	2.3	3.2	4.1	4	4.2	5.6	6.2	7.1	7.4	9.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	21%	18%	15%	12%
Operating Profit CAGR	10%	11%	13%	14%
PAT CAGR	3%	9%	13%	15%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-6%	-7%	14%	21%
ROE Average	20%	22%	23%	24%
ROCE Average	26%	28%	28%	28%

Berger Paints India Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	953	1120	1261	1562	1902	2195	2444	2660	3377	3927	4494
Minority's Interest	0	0	0	0	0	0	3	7	7	7	8
Borrowings	215	147	251	211	262	249	239	243	166	10	8
Other Non-Current Liabilities	62	78	72	80	704	933	1384	1596	1889	1956	2091
Total Current Liabilities	956	1249	1132	1024	1179	1520	1691	1824	2172	3576	3672
Total Liabilities	2186	2595	2716	2877	4047	4897	5761	6330	7610	9476	10272
Fixed Assets	599	864	931	963	1136	1267	1583	1916	2044	2187	3332
Other Non-Current Assets	229	185	154	183	854	1153	1478	1711	1938	2508	2079
Total Current Assets	1359	1546	1631	1730	2058	2477	2700	2704	3628	4782	4861
Total Assets	2186	2595	2716	2877	4047	4897	5761	6330	7610	9476	10272

Berger Paints India Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	182	227	47	74	42	45	84	57	79	136	103
Cash Flow from Operating Activities	120	310	414	595	395	422	611	725	796	567	976
Cash Flow from Investing Activities	-203	-301	-184	-259	-308	-183	-379	-223	-457	-521	-600
Cash Flow from Financing Activities	128	-52	-198	-368	-82	-200	-259	-479	-282	-78	-363
Net Cash Inflow / Outflow	45	-43	32	-32	4	38	-27	22	57	-33	13
Closing Cash & Cash Equivalent	227	184	79	42	45	84	57	79	136	103	116

Berger Paints India Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.88	2.14	2.27	3.18	4.07	3.95	4.24	5.64	6.18	7.15	7.37
CEPS(Rs)	2.36	2.75	3.07	4.02	4.98	5	5.78	7.27	7.99	9.09	9.65
DPS(Rs)	0.9	1.1	1.25	1.65	1.75	1.8	1.9	2.2	2.8	3.1	3.2
Book NAV/Share(Rs)	8.16	9.59	10.8	13.4	16.31	18.81	20.95	22.81	28.95	33.63	38.51
Core EBITDA Margin(%)	10.13	10.15	10.73	13.66	14.19	15.24	15.4	14.22	14.7	13.06	11.97
EBIT Margin(%)	9.44	9.33	9.55	12.52	14.24	13.81	13.4	12.47	12.65	11.51	10.16
Pre Tax Margin(%)	8.41	8.23	8.49	11.94	13.92	13.34	12.62	11.84	12.11	11.01	9.36
PAT Margin (%)	5.96	5.87	5.56	7.91	9.38	8.72	8.15	8.79	8.9	8.17	6.93
Cash Profit Margin (%)	7.51	7.53	7.51	9.99	11.48	11.04	11.12	11.35	11.52	10.4	9.05
ROA(%)	10.99	10.43	9.97	13.25	13.68	10.3	9.27	10.85	10.33	9.75	8.71
ROE(%)	25.12	24.14	22.3	26.29	27.36	22.52	21.32	25.73	23.86	22.84	20.46
ROCE(%)	25.52	24.44	25.15	30.98	34.06	29.62	29.12	30.2	29.44	28.1	25.6
Receivable days	38.37	38.52	39.15	42.1	40.6	43.9	41.06	33.89	39.14	37.13	33.75
Inventory Days	59.31	57.14	54.27	56.6	60.3	67.13	67.46	61.43	65.35	70.42	68.11
Payable days	64.05	67.08	71.58	81.03	94.97	101.84	93.79	97.22	123.21	115.42	97.7
PER(x)	31	31.89	54.69	45.76	49.51	54.04	63.58	73.44	103.19	81.62	65.72
Price/Book(x)	7.13	7.12	11.51	10.86	12.34	11.36	12.87	18.18	22.01	17.34	12.58
Dividend Yield(%)	0.92	0.96	0.6	0.67	0.72	0.7	0.59	0.44	0.37	0.44	0.55
EV/Net Sales(x)	2.12	2.17	3.45	4.07	5.22	4.86	5.23	7.64	10.88	7.8	5.39
EV/Core EBITDA(x)	17.62	17.96	27.28	25.37	30.79	29.52	31.92	43.05	59.87	48.96	37.04
Net Sales Growth(%)	13.52	15.64	11.69	-2.29	7.79	13.48	17.35	5.01	7.1	28.52	20.61
EBIT Growth(%)	20.61	14.66	14.53	29.11	22.65	1.39	11.4	14.5	9.95	14.7	7.55
PAT Growth(%)	21.31	14.19	6.14	39.99	27.82	-2.71	7.17	32.84	9.7	15.73	3.3
EPS Growth(%)	21.25	14.12	6.09	39.95	27.81	-2.71	7.25	33.07	9.4	15.71	3.18
Debt/Equity(x)	0.58	0.56	0.48	0.23	0.21	0.19	0.21	0.2	0.11	0.17	0.17
Current Ratio(x)	1.42	1.24	1.44	1.69	1.74	1.63	1.6	1.48	1.67	1.34	1.32
Quick Ratio(x)	0.76	0.68	0.81	0.97	0.95	0.97	0.87	0.78	0.93	0.69	0.69
Interest Cover(x)	9.18	8.51	9.06	21.5	44.35	29.71	17.2	19.77	23.19	23.13	12.71
Total Debt/Mcap(x)	0.08	0.08	0.04	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01

Berger Paints India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	74.99	74.99	74.99	74.99	75	74.99	74.99	74.99	74.99	74.99
FII	11.3	11.28	11.03	11.13	11.11	10.64	10.83	10.89	10.68	10.66
DII	3.58	3.41	3.57	3.17	2.92	3.47	3.75	4.07	4.68	5.18
Public	10.14	10.32	10.41	10.71	10.98	10.9	10.42	10.05	9.65	9.17
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	72.84	72.84	72.84	72.84	72.85	72.85	72.85	87.42	87.42	87.42
FII	10.97	10.96	10.72	10.82	10.79	10.34	10.52	12.69	12.45	12.43
DII	3.47	3.31	3.47	3.08	2.83	3.37	3.64	4.74	5.46	6.04
Public	9.85	10.02	10.11	10.4	10.66	10.59	10.12	11.72	11.25	10.69
Others	0	0	0	0	0	0	0	0	0	0
Total	97.13	97.13	97.13	97.13	97.13	97.14	97.14	116.57	116.57	116.58

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 22%
Debtor days have improved from 115.42 to 97.7days.
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 11.1 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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Berger Paints India

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Berger Paints India Research see more...

Overview Inc. Year: 1923Industry: Paints

Berger Paints India Share Price

Alert Data

Quarterly Price

Peer Comparison

Berger Paints India Quarterly Results

Berger Paints India Profit & Loss

Growth Rates

Berger Paints India Balance Sheet

Berger Paints India Cash Flow

Berger Paints India Ratios

Berger Paints India Shareholding Pattern

Berger Paints India News

IPO

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