Share Price and Basic Stock Data
Last Updated: November 5, 2025, 3:21 pm
| PEG Ratio | 8.70 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Berger Paints India Ltd operates within the paints and varnishes industry, a sector characterized by steady demand due to the ongoing construction and renovation activities in India. The company reported a price of ₹545 and a market capitalization of ₹63,530 Cr. Over the last financial year, Berger Paints recorded a total revenue of ₹10,568 Cr in FY 2023, which increased to ₹11,199 Cr in FY 2024 and is projected at ₹11,545 Cr for FY 2025. The quarterly sales figures demonstrate a fluctuating yet upward trend, with the most recent quarter ending June 2024 reporting sales of ₹3,091 Cr, showcasing a recovery from the previous quarter’s ₹2,520 Cr. This consistent growth trajectory aligns with the broader industry trends, where the demand for decorative and industrial paints remains robust, driven by urbanization and infrastructure development across India.
Profitability and Efficiency Metrics
Berger Paints has demonstrated strong profitability metrics, with a recorded net profit of ₹1,144 Cr for the latest fiscal year, reflecting a net profit margin of 9.94%. The operating profit margin (OPM) stood at 17% for the year, indicating effective cost management and operational efficiency. The company’s return on equity (ROE) was reported at 20.3%, and return on capital employed (ROCE) was at 24.9%, both of which are significantly above typical sector averages. Efficiency ratios reveal a cash conversion cycle (CCC) of 86 days, suggesting effective management of working capital. However, the company faces challenges with fluctuating expenses, which ranged from ₹2,097 Cr in March 2023 to ₹2,569 Cr in June 2024, impacting overall profitability during certain quarters. Consistently high interest coverage ratio at 30.83x indicates Berger Paints’ ability to meet interest obligations comfortably, further enhancing its financial stability.
Balance Sheet Strength and Financial Ratios
Berger Paints maintains a robust balance sheet, with total assets reported at ₹9,125 Cr and total liabilities at ₹8,368 Cr as of March 2025. The company holds reserves of ₹6,038 Cr and manageable borrowings of ₹670 Cr, resulting in a low debt-to-equity ratio of 0.02, indicating minimal reliance on debt financing. The current ratio is strong at 2.05, reflecting good short-term liquidity, while the quick ratio of 1.06 suggests adequate liquidity to cover immediate liabilities. The price-to-book value (P/BV) ratio stood at 9.47x, which is elevated compared to sector norms, indicating a premium valuation. However, an asset turnover ratio of 1.32% suggests room for improvement in efficiently utilizing assets to generate revenue. The company’s financial metrics indicate a solid foundation for growth, although the high valuation ratios may pose risks in market corrections.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Berger Paints illustrates a strong commitment from promoters, who hold 74.99% of the company, indicating stable management control. Foreign institutional investors (FIIs) accounted for 5.59%, while domestic institutional investors (DIIs) held 10.45%, reflecting moderate institutional interest. The number of shareholders has seen a decline to 353,795 as of June 2025, down from 404,957 in September 2022, which may raise concerns about retail investor engagement. Despite this, the consistent promoter holding and increasing DII stake suggest investor confidence in the company’s long-term growth potential. The dividend payout ratio of 34.56% reinforces this confidence, providing a return to shareholders while retaining sufficient earnings for reinvestment. The overall shareholding structure supports a stable governance framework, which is crucial for sustaining investor trust.
Outlook, Risks, and Final Insight
Looking ahead, Berger Paints is well-positioned to leverage the growing demand for paint products driven by urbanization and infrastructure projects. However, risks remain, including potential fluctuations in raw material prices and competition from other players in the industry, which could pressure margins. The company’s high P/BV ratio suggests that any downturn in market conditions may lead to corrections in stock prices. Moreover, the decline in the total number of shareholders could indicate potential challenges in attracting new retail investors. Nevertheless, Berger Paints’ strong financial health, efficient operations, and solid market presence provide a compelling investment case. The company may explore strategic expansions or product innovations to further enhance its market share, thereby mitigating risks and capitalizing on growth opportunities in the evolving Indian paints sector.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Berger Paints India Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Sirca Paints India Ltd | 2,877 Cr. | 507 | 527/231 | 54.2 | 63.8 | 0.30 % | 20.0 % | 14.9 % | 10.0 |
| Shalimar Paints Ltd | 646 Cr. | 77.2 | 144/69.7 | 37.6 | 0.00 % | 12.8 % | 22.6 % | 2.00 | |
| Kansai Nerolac Paints Ltd | 20,095 Cr. | 249 | 290/218 | 31.4 | 79.4 | 1.01 % | 13.0 % | 10.4 % | 1.00 |
| Berger Paints India Ltd | 62,661 Cr. | 537 | 605/438 | 56.7 | 53.9 | 0.71 % | 24.9 % | 20.3 % | 1.00 |
| Akzo Nobel India Ltd | 14,753 Cr. | 3,240 | 4,301/3,022 | 36.4 | 292 | 3.09 % | 41.7 % | 32.2 % | 10.0 |
| Industry Average | 56,592.67 Cr | 1,182.87 | 48.14 | 121.45 | 1.02% | 23.02% | 20.17% | 4.17 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,760 | 2,671 | 2,694 | 2,444 | 3,030 | 2,767 | 2,882 | 2,520 | 3,091 | 2,775 | 2,975 | 2,704 | 3,201 |
| Expenses | 2,355 | 2,307 | 2,344 | 2,097 | 2,473 | 2,294 | 2,402 | 2,169 | 2,569 | 2,340 | 2,503 | 2,276 | 2,672 |
| Operating Profit | 405 | 364 | 350 | 347 | 557 | 474 | 480 | 351 | 522 | 434 | 472 | 428 | 528 |
| OPM % | 15% | 14% | 13% | 14% | 18% | 17% | 17% | 14% | 17% | 16% | 16% | 16% | 17% |
| Other Income | 17 | 16 | 13 | 15 | 17 | 19 | 20 | 48 | 46 | 30 | 27 | 26 | 3 |
| Interest | 16 | 24 | 30 | 29 | 20 | 21 | 20 | 18 | 15 | 17 | 16 | 15 | 14 |
| Depreciation | 63 | 62 | 64 | 74 | 78 | 83 | 83 | 87 | 87 | 89 | 89 | 89 | 94 |
| Profit before tax | 342 | 293 | 269 | 258 | 476 | 389 | 398 | 294 | 466 | 358 | 394 | 350 | 423 |
| Tax % | 26% | 25% | 25% | 28% | 25% | 25% | 25% | 24% | 24% | 25% | 25% | 25% | 25% |
| Net Profit | 254 | 220 | 201 | 186 | 355 | 292 | 300 | 223 | 354 | 270 | 296 | 263 | 315 |
| EPS in Rs | 2.17 | 1.88 | 1.72 | 1.59 | 3.04 | 2.50 | 2.57 | 1.91 | 3.03 | 2.31 | 2.53 | 2.25 | 2.70 |
Last Updated: August 20, 2025, 1:00 pm
Below is a detailed analysis of the quarterly data for Berger Paints India Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 3,201.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,704.00 Cr. (Mar 2025) to 3,201.00 Cr., marking an increase of 497.00 Cr..
- For Expenses, as of Jun 2025, the value is 2,672.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,276.00 Cr. (Mar 2025) to 2,672.00 Cr., marking an increase of 396.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 528.00 Cr.. The value appears strong and on an upward trend. It has increased from 428.00 Cr. (Mar 2025) to 528.00 Cr., marking an increase of 100.00 Cr..
- For OPM %, as of Jun 2025, the value is 17.00%. The value appears strong and on an upward trend. It has increased from 16.00% (Mar 2025) to 17.00%, marking an increase of 1.00%.
- For Other Income, as of Jun 2025, the value is 3.00 Cr.. The value appears to be declining and may need further review. It has decreased from 26.00 Cr. (Mar 2025) to 3.00 Cr., marking a decrease of 23.00 Cr..
- For Interest, as of Jun 2025, the value is 14.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 15.00 Cr. (Mar 2025) to 14.00 Cr., marking a decrease of 1.00 Cr..
- For Depreciation, as of Jun 2025, the value is 94.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 89.00 Cr. (Mar 2025) to 94.00 Cr., marking an increase of 5.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 423.00 Cr.. The value appears strong and on an upward trend. It has increased from 350.00 Cr. (Mar 2025) to 423.00 Cr., marking an increase of 73.00 Cr..
- For Tax %, as of Jun 2025, the value is 25.00%. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 25.00%.
- For Net Profit, as of Jun 2025, the value is 315.00 Cr.. The value appears strong and on an upward trend. It has increased from 263.00 Cr. (Mar 2025) to 315.00 Cr., marking an increase of 52.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 2.70. The value appears strong and on an upward trend. It has increased from 2.25 (Mar 2025) to 2.70, marking an increase of 0.45.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: August 22, 2025, 5:28 pm
| Metric | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,732 | 4,170 | 4,223 | 4,552 | 5,166 | 6,062 | 6,366 | 6,818 | 8,762 | 10,568 | 11,199 | 11,545 | 11,654 |
| Expenses | 3,300 | 3,659 | 3,578 | 3,833 | 4,359 | 5,127 | 5,313 | 5,635 | 7,431 | 9,090 | 9,338 | 9,688 | 9,792 |
| Operating Profit | 431 | 511 | 645 | 719 | 807 | 935 | 1,053 | 1,182 | 1,331 | 1,478 | 1,861 | 1,856 | 1,862 |
| OPM % | 12% | 12% | 15% | 16% | 16% | 15% | 17% | 17% | 15% | 14% | 17% | 16% | 16% |
| Other Income | 36 | 36 | 40 | 108 | 46 | 60 | 69 | 51 | 68 | 48 | 105 | 129 | 87 |
| Interest | 47 | 50 | 27 | 16 | 25 | 47 | 47 | 44 | 51 | 99 | 78 | 63 | 63 |
| Depreciation | 71 | 92 | 99 | 108 | 124 | 182 | 191 | 211 | 227 | 264 | 331 | 354 | 361 |
| Profit before tax | 350 | 404 | 559 | 703 | 705 | 765 | 883 | 979 | 1,122 | 1,162 | 1,557 | 1,568 | 1,525 |
| Tax % | 29% | 34% | 34% | 33% | 35% | 35% | 26% | 26% | 26% | 26% | 25% | 25% | |
| Net Profit | 249 | 265 | 371 | 474 | 461 | 494 | 656 | 720 | 833 | 860 | 1,170 | 1,183 | 1,144 |
| EPS in Rs | 2.14 | 2.27 | 3.18 | 4.07 | 3.95 | 4.24 | 5.64 | 6.17 | 7.14 | 7.37 | 10.02 | 10.12 | 9.79 |
| Dividend Payout % | 31% | 33% | 31% | 36% | 38% | 37% | 32% | 38% | 36% | 36% | 35% | 38% |
YoY Net Profit Growth
| Year | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | 6.43% | 40.00% | 27.76% | -2.74% | 7.16% | 32.79% | 9.76% | 15.69% | 3.24% | 36.05% | 1.11% |
| Change in YoY Net Profit Growth (%) | 0.00% | 33.57% | -12.24% | -30.51% | 9.90% | 25.64% | -23.04% | 5.94% | -12.45% | 32.81% | -34.94% |
Berger Paints India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 13% |
| 3 Years: | 10% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 13% |
| 3 Years: | 12% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 3% |
| 3 Years: | -1% |
| 1 Year: | -9% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 22% |
| 3 Years: | 21% |
| Last Year: | 20% |
Last Updated: September 5, 2025, 12:40 am
Balance Sheet
Last Updated: July 25, 2025, 3:30 pm
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 69 | 69 | 69 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 117 | 117 |
| Reserves | 1,051 | 1,191 | 1,493 | 1,804 | 2,097 | 2,347 | 2,563 | 3,280 | 3,830 | 4,397 | 5,262 | 6,038 |
| Borrowings | 624 | 610 | 354 | 406 | 422 | 753 | 767 | 634 | 1,014 | 1,189 | 753 | 670 |
| Other Liabilities | 851 | 846 | 960 | 1,132 | 1,326 | 1,360 | 1,472 | 1,907 | 2,271 | 2,283 | 2,236 | 2,300 |
| Total Liabilities | 2,595 | 2,716 | 2,877 | 3,440 | 3,943 | 4,557 | 4,900 | 5,918 | 7,211 | 7,966 | 8,368 | 9,125 |
| Fixed Assets | 864 | 931 | 963 | 1,136 | 1,267 | 1,583 | 1,916 | 2,044 | 2,187 | 3,332 | 3,500 | 3,677 |
| CWIP | 133 | 100 | 51 | 62 | 97 | 170 | 178 | 107 | 606 | 111 | 189 | 125 |
| Investments | 91 | 134 | 348 | 472 | 333 | 395 | 315 | 356 | 234 | 183 | 255 | 533 |
| Other Assets | 1,507 | 1,550 | 1,515 | 1,769 | 2,245 | 2,409 | 2,490 | 3,411 | 4,185 | 4,341 | 4,424 | 4,790 |
| Total Assets | 2,595 | 2,716 | 2,877 | 3,440 | 3,943 | 4,557 | 4,900 | 5,918 | 7,211 | 7,966 | 8,368 | 9,125 |
Below is a detailed analysis of the balance sheet data for Berger Paints India Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 117.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 117.00 Cr..
- For Reserves, as of Mar 2025, the value is 6,038.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,262.00 Cr. (Mar 2024) to 6,038.00 Cr., marking an increase of 776.00 Cr..
- For Borrowings, as of Mar 2025, the value is 670.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 753.00 Cr. (Mar 2024) to 670.00 Cr., marking a decrease of 83.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 2,300.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,236.00 Cr. (Mar 2024) to 2,300.00 Cr., marking an increase of 64.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 9,125.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 8,368.00 Cr. (Mar 2024) to 9,125.00 Cr., marking an increase of 757.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 3,677.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,500.00 Cr. (Mar 2024) to 3,677.00 Cr., marking an increase of 177.00 Cr..
- For CWIP, as of Mar 2025, the value is 125.00 Cr.. The value appears to be declining and may need further review. It has decreased from 189.00 Cr. (Mar 2024) to 125.00 Cr., marking a decrease of 64.00 Cr..
- For Investments, as of Mar 2025, the value is 533.00 Cr.. The value appears strong and on an upward trend. It has increased from 255.00 Cr. (Mar 2024) to 533.00 Cr., marking an increase of 278.00 Cr..
- For Other Assets, as of Mar 2025, the value is 4,790.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,424.00 Cr. (Mar 2024) to 4,790.00 Cr., marking an increase of 366.00 Cr..
- For Total Assets, as of Mar 2025, the value is 9,125.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,368.00 Cr. (Mar 2024) to 9,125.00 Cr., marking an increase of 757.00 Cr..
Notably, the Reserves (6,038.00 Cr.) exceed the Borrowings (670.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | -193.00 | -99.00 | 291.00 | 313.00 | 385.00 | 182.00 | -766.00 | -633.00 | 0.00 | 0.00 | -752.00 | -669.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 48 | 47 | 47 | 46 | 49 | 40 | 41 | 55 | 44 | 43 | 42 | 49 |
| Inventory Days | 122 | 104 | 108 | 153 | 140 | 138 | 142 | 174 | 178 | 142 | 134 | 143 |
| Days Payable | 95 | 81 | 99 | 124 | 133 | 112 | 118 | 161 | 139 | 108 | 103 | 105 |
| Cash Conversion Cycle | 74 | 70 | 56 | 75 | 56 | 67 | 65 | 67 | 83 | 77 | 73 | 86 |
| Working Capital Days | 2 | 17 | 26 | 33 | 37 | 31 | 28 | 43 | 34 | 31 | 46 | 53 |
| ROCE % | 24% | 25% | 30% | 31% | 29% | 27% | 28% | 27% | 26% | 24% | 28% | 25% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| UTI Flexi Cap Fund | 5,806,522 | 1.43 | 352.28 | 5,806,522 | 2025-04-22 17:25:40 | 0% |
| ICICI Prudential Nifty 100 Low Volatility 30 ETF | 1,193,698 | 2.72 | 72.42 | 1,193,698 | 2025-04-22 06:42:29 | 0% |
| Nippon India ETF Nifty Next 50 Junior BeES | 710,011 | 0.96 | 43.08 | 710,011 | 2025-04-22 15:57:00 | 0% |
| ICICI Prudential Nifty Next 50 Index Fund | 665,097 | 0.96 | 40.35 | 665,097 | 2025-04-22 15:57:00 | 0% |
| UTI Nifty Next 50 Index Fund | 533,649 | 0.96 | 32.38 | 533,649 | 2025-04-22 15:57:00 | 0% |
| UTI Unit Linked Insurance Plan (ULIP) - Fifteen Year Plan | 499,220 | 0.57 | 30.29 | 499,220 | 2025-04-22 07:46:55 | 0% |
| UTI Unit Linked Insurance Plan (ULIP) - Ten Year Plan | 499,220 | 0.57 | 30.29 | 499,220 | 2025-04-22 05:20:40 | 0% |
| SBI Nifty Next 50 ETF | 352,383 | 0.96 | 21.38 | 352,383 | 2025-04-22 15:57:00 | 0% |
| UTI Nifty Next 50 Exchange Traded Fund | 284,687 | 0.96 | 17.27 | 284,687 | 2025-04-22 15:57:00 | 0% |
| Bandhan Nifty100 Low Volatility 30 Index Fund | 192,593 | 2.73 | 11.68 | 192,593 | 2025-04-22 15:57:00 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Basic EPS (Rs.) | 10.13 | 10.02 | 8.86 | 8.58 | 7.41 |
| Diluted EPS (Rs.) | 10.12 | 10.02 | 8.86 | 8.57 | 7.41 |
| Cash EPS (Rs.) | 12.88 | 12.52 | 11.71 | 10.87 | 9.64 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 52.78 | 46.23 | 46.35 | 40.50 | 34.84 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 52.78 | 46.23 | 46.35 | 40.50 | 34.84 |
| Revenue From Operations / Share (Rs.) | 99.02 | 96.06 | 108.79 | 90.21 | 70.19 |
| PBDIT / Share (Rs.) | 16.73 | 16.51 | 15.84 | 14.37 | 12.76 |
| PBIT / Share (Rs.) | 13.69 | 13.67 | 13.12 | 12.04 | 10.59 |
| PBT / Share (Rs.) | 13.15 | 13.00 | 12.10 | 11.51 | 10.13 |
| Net Profit / Share (Rs.) | 9.84 | 9.68 | 8.99 | 8.54 | 7.47 |
| NP After MI And SOA / Share (Rs.) | 10.12 | 10.02 | 8.85 | 8.57 | 7.41 |
| PBDIT Margin (%) | 16.89 | 17.18 | 14.56 | 15.92 | 18.18 |
| PBIT Margin (%) | 13.83 | 14.23 | 12.06 | 13.34 | 15.08 |
| PBT Margin (%) | 13.28 | 13.53 | 11.12 | 12.76 | 14.43 |
| Net Profit Margin (%) | 9.94 | 10.07 | 8.26 | 9.46 | 10.63 |
| NP After MI And SOA Margin (%) | 10.22 | 10.42 | 8.13 | 9.50 | 10.55 |
| Return on Networth / Equity (%) | 19.18 | 21.70 | 19.12 | 21.20 | 21.31 |
| Return on Capital Employeed (%) | 23.64 | 26.54 | 25.53 | 26.80 | 26.56 |
| Return On Assets (%) | 12.92 | 13.95 | 10.78 | 11.54 | 12.15 |
| Long Term Debt / Equity (X) | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 |
| Total Debt / Equity (X) | 0.02 | 0.03 | 0.17 | 0.17 | 0.11 |
| Asset Turnover Ratio (%) | 1.32 | 1.37 | 1.30 | 1.23 | 1.17 |
| Current Ratio (X) | 2.05 | 1.83 | 1.40 | 1.42 | 1.71 |
| Quick Ratio (X) | 1.06 | 0.90 | 0.62 | 0.61 | 0.92 |
| Inventory Turnover Ratio (X) | 5.08 | 2.49 | 2.36 | 2.39 | 2.20 |
| Dividend Payout Ratio (NP) (%) | 34.56 | 26.62 | 35.03 | 32.65 | 4.04 |
| Dividend Payout Ratio (CP) (%) | 26.58 | 20.74 | 26.80 | 25.67 | 3.13 |
| Earning Retention Ratio (%) | 65.44 | 73.38 | 64.97 | 67.35 | 95.96 |
| Cash Earning Retention Ratio (%) | 73.42 | 79.26 | 73.20 | 74.33 | 96.87 |
| Interest Coverage Ratio (X) | 30.83 | 24.60 | 15.51 | 27.52 | 28.11 |
| Interest Coverage Ratio (Post Tax) (X) | 19.14 | 15.43 | 9.80 | 17.35 | 17.45 |
| Enterprise Value (Cr.) | 57930.03 | 66553.67 | 57008.30 | 68333.72 | 74221.67 |
| EV / Net Operating Revenue (X) | 5.02 | 5.94 | 5.39 | 7.80 | 10.89 |
| EV / EBITDA (X) | 29.69 | 34.57 | 37.05 | 48.96 | 59.88 |
| MarketCap / Net Operating Revenue (X) | 5.05 | 5.96 | 5.34 | 7.76 | 10.89 |
| Retention Ratios (%) | 65.43 | 73.37 | 64.96 | 67.34 | 95.95 |
| Price / BV (X) | 9.47 | 12.42 | 12.57 | 17.31 | 21.99 |
| Price / Net Operating Revenue (X) | 5.05 | 5.96 | 5.34 | 7.76 | 10.89 |
| EarningsYield | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
After reviewing the key financial ratios for Berger Paints India Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 10.13. This value is within the healthy range. It has increased from 10.02 (Mar 24) to 10.13, marking an increase of 0.11.
- For Diluted EPS (Rs.), as of Mar 25, the value is 10.12. This value is within the healthy range. It has increased from 10.02 (Mar 24) to 10.12, marking an increase of 0.10.
- For Cash EPS (Rs.), as of Mar 25, the value is 12.88. This value is within the healthy range. It has increased from 12.52 (Mar 24) to 12.88, marking an increase of 0.36.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 52.78. It has increased from 46.23 (Mar 24) to 52.78, marking an increase of 6.55.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 52.78. It has increased from 46.23 (Mar 24) to 52.78, marking an increase of 6.55.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 99.02. It has increased from 96.06 (Mar 24) to 99.02, marking an increase of 2.96.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 16.73. This value is within the healthy range. It has increased from 16.51 (Mar 24) to 16.73, marking an increase of 0.22.
- For PBIT / Share (Rs.), as of Mar 25, the value is 13.69. This value is within the healthy range. It has increased from 13.67 (Mar 24) to 13.69, marking an increase of 0.02.
- For PBT / Share (Rs.), as of Mar 25, the value is 13.15. This value is within the healthy range. It has increased from 13.00 (Mar 24) to 13.15, marking an increase of 0.15.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 9.84. This value is within the healthy range. It has increased from 9.68 (Mar 24) to 9.84, marking an increase of 0.16.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 10.12. This value is within the healthy range. It has increased from 10.02 (Mar 24) to 10.12, marking an increase of 0.10.
- For PBDIT Margin (%), as of Mar 25, the value is 16.89. This value is within the healthy range. It has decreased from 17.18 (Mar 24) to 16.89, marking a decrease of 0.29.
- For PBIT Margin (%), as of Mar 25, the value is 13.83. This value is within the healthy range. It has decreased from 14.23 (Mar 24) to 13.83, marking a decrease of 0.40.
- For PBT Margin (%), as of Mar 25, the value is 13.28. This value is within the healthy range. It has decreased from 13.53 (Mar 24) to 13.28, marking a decrease of 0.25.
- For Net Profit Margin (%), as of Mar 25, the value is 9.94. This value is within the healthy range. It has decreased from 10.07 (Mar 24) to 9.94, marking a decrease of 0.13.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 10.22. This value is within the healthy range. It has decreased from 10.42 (Mar 24) to 10.22, marking a decrease of 0.20.
- For Return on Networth / Equity (%), as of Mar 25, the value is 19.18. This value is within the healthy range. It has decreased from 21.70 (Mar 24) to 19.18, marking a decrease of 2.52.
- For Return on Capital Employeed (%), as of Mar 25, the value is 23.64. This value is within the healthy range. It has decreased from 26.54 (Mar 24) to 23.64, marking a decrease of 2.90.
- For Return On Assets (%), as of Mar 25, the value is 12.92. This value is within the healthy range. It has decreased from 13.95 (Mar 24) to 12.92, marking a decrease of 1.03.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.02. This value is within the healthy range. It has decreased from 0.03 (Mar 24) to 0.02, marking a decrease of 0.01.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 1.32. It has decreased from 1.37 (Mar 24) to 1.32, marking a decrease of 0.05.
- For Current Ratio (X), as of Mar 25, the value is 2.05. This value is within the healthy range. It has increased from 1.83 (Mar 24) to 2.05, marking an increase of 0.22.
- For Quick Ratio (X), as of Mar 25, the value is 1.06. This value is within the healthy range. It has increased from 0.90 (Mar 24) to 1.06, marking an increase of 0.16.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 5.08. This value is within the healthy range. It has increased from 2.49 (Mar 24) to 5.08, marking an increase of 2.59.
- For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 34.56. This value is within the healthy range. It has increased from 26.62 (Mar 24) to 34.56, marking an increase of 7.94.
- For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 26.58. This value is within the healthy range. It has increased from 20.74 (Mar 24) to 26.58, marking an increase of 5.84.
- For Earning Retention Ratio (%), as of Mar 25, the value is 65.44. This value is within the healthy range. It has decreased from 73.38 (Mar 24) to 65.44, marking a decrease of 7.94.
- For Cash Earning Retention Ratio (%), as of Mar 25, the value is 73.42. This value exceeds the healthy maximum of 70. It has decreased from 79.26 (Mar 24) to 73.42, marking a decrease of 5.84.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 30.83. This value is within the healthy range. It has increased from 24.60 (Mar 24) to 30.83, marking an increase of 6.23.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 19.14. This value is within the healthy range. It has increased from 15.43 (Mar 24) to 19.14, marking an increase of 3.71.
- For Enterprise Value (Cr.), as of Mar 25, the value is 57,930.03. It has decreased from 66,553.67 (Mar 24) to 57,930.03, marking a decrease of 8,623.64.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 5.02. This value exceeds the healthy maximum of 3. It has decreased from 5.94 (Mar 24) to 5.02, marking a decrease of 0.92.
- For EV / EBITDA (X), as of Mar 25, the value is 29.69. This value exceeds the healthy maximum of 15. It has decreased from 34.57 (Mar 24) to 29.69, marking a decrease of 4.88.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 5.05. This value exceeds the healthy maximum of 3. It has decreased from 5.96 (Mar 24) to 5.05, marking a decrease of 0.91.
- For Retention Ratios (%), as of Mar 25, the value is 65.43. This value is within the healthy range. It has decreased from 73.37 (Mar 24) to 65.43, marking a decrease of 7.94.
- For Price / BV (X), as of Mar 25, the value is 9.47. This value exceeds the healthy maximum of 3. It has decreased from 12.42 (Mar 24) to 9.47, marking a decrease of 2.95.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 5.05. This value exceeds the healthy maximum of 3. It has decreased from 5.96 (Mar 24) to 5.05, marking a decrease of 0.91.
- For EarningsYield, as of Mar 25, the value is 0.02. This value is below the healthy minimum of 5. It has increased from 0.01 (Mar 24) to 0.02, marking an increase of 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Berger Paints India Ltd:
- Net Profit Margin: 9.94%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 23.64% (Industry Average ROCE: 23.02%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 19.18% (Industry Average ROE: 20.17%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 19.14
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.06
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 56.7 (Industry average Stock P/E: 48.14)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.02
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 9.94%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Paints/Varnishes | Berger House, 129, Park Street, Kolkata West Bengal 700017 | consumerfeedback@bergerindia.com http://www.bergerpaints.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Kuldip Singh Dhingra | Chairman Emeritus |
| Ms. Rishma Kaur | Chairman |
| Mr. Gurbachan Singh Dhingra | Vice Chairman - Emeritus |
| Mr. Abhijit Roy | Managing Director |
| Mr. Kanwardip Singh Dhingra | Vice Chairman |
| Mrs. Sonu Halan Bhasin | Independent Director |
| Dr. Anoop Kumar Mittal | Independent Director |
| Mr. Anoop Hoon | Independent Director |
| Mr. Gopal Krishna Pillai | Independent Director |
| Mr. Subir Bose | Independent Director |
FAQ
What is the intrinsic value of Berger Paints India Ltd?
Berger Paints India Ltd's intrinsic value (as of 05 November 2025) is 499.84 which is 6.92% lower the current market price of 537.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 62,661 Cr. market cap, FY2025-2026 high/low of 605/438, reserves of ₹6,038 Cr, and liabilities of 9,125 Cr.
What is the Market Cap of Berger Paints India Ltd?
The Market Cap of Berger Paints India Ltd is 62,661 Cr..
What is the current Stock Price of Berger Paints India Ltd as on 05 November 2025?
The current stock price of Berger Paints India Ltd as on 05 November 2025 is 537.
What is the High / Low of Berger Paints India Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Berger Paints India Ltd stocks is 605/438.
What is the Stock P/E of Berger Paints India Ltd?
The Stock P/E of Berger Paints India Ltd is 56.7.
What is the Book Value of Berger Paints India Ltd?
The Book Value of Berger Paints India Ltd is 53.9.
What is the Dividend Yield of Berger Paints India Ltd?
The Dividend Yield of Berger Paints India Ltd is 0.71 %.
What is the ROCE of Berger Paints India Ltd?
The ROCE of Berger Paints India Ltd is 24.9 %.
What is the ROE of Berger Paints India Ltd?
The ROE of Berger Paints India Ltd is 20.3 %.
What is the Face Value of Berger Paints India Ltd?
The Face Value of Berger Paints India Ltd is 1.00.