Berger Paints India Ltd.

•

bergerpaints.comBSE: 509480NSE: BERGEPAINT

Market Cap₹ 54,073 Cr.

Current Price

High / Low₹ 595 / 391

Stock P/E46.2

Book Value₹ 58

Price to Book7.55

Dividend Yield0.86 %

ROCE24.7 %

ROE18.2 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 26.9%
Company has a good return on equity (ROE) track record: 3 Years ROE 20.1%
Latest quarter profit grew 25.5% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.26x)
Company has been maintaining a healthy dividend payout of 42.6%

CONS

Stock is trading at 7.5x its book value
Company has delivered a poor profit growth of 10.0% over past five years
Expensive relative to growth - PEG of 4.7
Rich enterprise valuation - EV/EBITDA of 25.3x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesChemicalsPaints

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 150 NIFTY 500 NIFTY LARGEMID250

S.No.	Name
1.	ASIANPAINT	2480.00	49.92	237881.05	1.11	1559.45	39.60	10541.94	18.12	28.22	20.93
2.	BERGEPAINT	463.75	44.45	54073.38	0.86	405.01	28.56	3583.75	11.97	23.14	17.28
3.	KANSAINER	190.80	25.71	15431.50	1.31	228.41	5.95	2373.59	9.79	12.44	13.83
4.	JSWDULUX	3182.40	7.38	14492.75	6.47	79.70	-12.42	965.00	-3.02	125.82	11.93
5.	INDIGOPNTS	1079.25	32.02	5151.54	0.46	41.70	60.04	369.67	19.69	18.37	16.78
6.	SIRCA	431.40	36.56	2450.04	0.46	16.21	14.09	130.00	13.80	20.28	18.62

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,740	2,440	2,574	2,249	2,806	2,431	2,585	2,347	2,863	2,458	2,595	2,504	3,227
	2,226	2,037	2,145	1,924	2,323	2,047	2,167	1,958	2,363	2,147	2,178	2,045	2,766
Operating Profit	514	403	430	325	484	383	417	390	499	311	417	459	461
OPM %	18.75%	16.52%	16.69%	14.46%	17.24%	15.77%	16.15%	16.59%	17.45%	12.66%	16.08%	18.32%	14.29%
	12	16	16	13	17	17	69	19	-9	23	56	73	39
Interest	17	17	16	15	12	13	12	11	11	14	11	9	10
Depreciation	70	75	74	78	78	80	80	80	83	86	88	88	91
Profit before Tax	439	327	355	246	411	308	395	318	396	235	373	434	500
Tax %	25.67%	25.43%	25.93%	26.19%	25.60%	25.58%	22.42%	25.47%	25.78%	24.98%	20.09%	24.61%	26.31%
Net Profit	326	244	263	182	306	229	306	237	294	176	298	327	369
	2.80	2.09	2.26	1.56	2.62	1.96	2.63	2.03	2.52	1.51	2.56	2.81	3.16

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	4,225	4,724	5,516	5,692	6,021	7,741	9,471	10,003	10,169	10,420	10,784
	3,565	3,982	4,655	4,734	4,924	6,558	8,125	8,331	8,495	8,734	9,136
Operating Profit	660	741	861	958	1,097	1,183	1,346	1,672	1,674	1,687	1,648
OPM %	15.63%	15.70%	15.60%	16.83%	18.22%	15.28%	14.21%	16.71%	16.46%	16.19%	15.28%
	107	47	25	151	41	63	77	57	122	143	191
Interest	8	16	35	33	33	43	86	65	48	46	44
Depreciation	96	110	163	171	186	198	234	297	318	346	354
Profit before Tax	663	662	687	905	919	1,005	1,103	1,367	1,431	1,438	1,543
Tax %	33.05%	34.75%	36.59%	22.79%	25.89%	25.40%	24.88%	25.77%	24.69%	23.82%	24.12%
Net Profit	444	432	436	699	681	750	828	1,015	1,078	1,096	1,171
EPS	4.57	4.45	4.49	7.20	7.01	7.72	7.11	8.71	9.24	9.40	—
Dividend Payout %	38.26%	40.47%	42.33%	30.56%	39.95%	40.15%	37.52%	40.20%	41.12%	42.57%	—

COMPOUNDED SALES GROWTH

10 Years:: 10%
5 Years:: 12%
3 Years:: 3%

COMPOUNDED PROFIT GROWTH

10 Years:: 12%
5 Years:: 10%
3 Years:: 10%

STOCK PRICE CAGR

10 Years:: 8%
5 Years:: -8%
3 Years:: -9%
1 Year:: -17%

RETURN ON EQUITY

10 Years:: 22%
5 Years:: 20%
3 Years:: 20%
Last Year:: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	97	97	97	97	97	97	97	117	117	117
	1,815	2,044	2,255	2,526	3,180	3,660	4,193	4,884	5,559	6,220
	123	149	415	429	394	835	1,054	563	466	417
Trade Payables	750	933	968	1,013	1,409	1,705	1,674	1,567	1,569	1,522
	907	1,236	1,503	1,708	1,959	2,255	2,580	2,986	3,345	3,872
Total Liabilities	3,692	4,459	5,238	5,773	7,039	8,553	9,599	10,116	11,056	12,148
	889	915	1,206	1,386	1,502	1,645	2,741	2,882	2,973	3,030
Capital Work in Progress	56	87	148	168	98	569	78	129	77	260
	578	531	577	648	788	744	772	797	1,049	1,682
	894	939	1,149	1,167	1,499	2,150	2,146	2,019	2,207	2,226
	0	0	0	0	0	0	0	979	1,124	1,129
Cash & Bank	36	121	132	126	339	207	174	334	366	207
	1,239	1,866	2,027	2,278	2,815	3,238	3,688	2,976	3,260	3,615
Total Assets	3,692	4,459	5,238	5,773	7,039	8,553	9,599	10,116	11,056	12,148

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	555	659	771	1,034	911	800	1,214	1,483	1,119	1,406
Cash from Investing	-265	-169	-345	-234	-459	-549	-659	-296	-543	-811
Cash from Financing	-73	-195	-237	-530	-183	-5	-284	-1,092	-585	-585
	4	35	-34	28	35	-25	-9	94	-10	11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.99	74.99	74.99	74.98	74.98	74.98	74.98	74.98	74.98
	7.51	6.98	5.94	5.74	5.59	5.35	5.25	4.68	4.82
	7.57	8.77	9.59	10.10	10.44	10.70	11.07	11.70	11.76
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	9.93	9.26	9.48	9.17	8.98	8.97	8.70	8.65	8.42

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Commencement of commercial production/operations

2026-09-08 - Berger Paints (I) Limited has informed the Exchange about Commencement of commercial production/operations

2026-09-04

Copy of Newspaper Publication

2026-09-04 - Berger Paints (I) Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-03

Shareholders meeting

2026-09-03 - Berger Paints (I) Limited has informed the Exchange regarding Notice of Postal Ballot

2026-08-31

Change in Director(s)

2026-08-31 - Berger Paints (I) Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-08-31

Outcome of Board Meeting

2026-08-31 - Berger Paints (I) Limited has informed the Exchange regarding Outcome of Board Meeting held on August 31, 2026.

2026-08-24

General Updates

2026-08-24 - Berger Paints (I) Limited has informed the Exchange about General Updates

2026-08-12

Shareholders meeting

2026-08-12 - Proceedings of 102nd AGM

2026-08-12

Appointment

2026-08-12 - Berger Paints (I) Limited has informed the Exchange regarding Appointment of Mr Abhijit Roy as Managing Director & CEO of the company w.e.f. July 01, 2027.

2026-08-12

Shareholders meeting

2026-08-12 - Scrutinizer's Report

News

Recent coverage and analyst commentary for BERGEPAINT

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Berger Paints India Ltd.

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Free 5nance Account

Name

ASIANPAINT

2480.00

49.92

237881.05

1.11

1559.45

39.60

10541.94

18.12

28.22

20.93

BERGEPAINT

463.75

44.45

54073.38

0.86

405.01

28.56

3583.75

11.97

23.14

17.28

KANSAINER

190.80

25.71

15431.50

1.31

228.41

5.95

2373.59

9.79

12.44

13.83

JSWDULUX

3182.40

7.38

14492.75

6.47

79.70

-12.42

965.00

-3.02

125.82

11.93

INDIGOPNTS

1079.25

32.02

5151.54

0.46

41.70

60.04

369.67

19.69

18.37

16.78

SIRCA

431.40

36.56

2450.04

0.46

16.21

14.09

130.00

13.80

20.28

18.62

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

2,740

2,440

2,574

2,249

2,806

2,431

2,585

2,347

2,863

2,458

2,595

2,504

3,227

2,226

2,037

2,145

1,924

2,323

2,047

2,167

1,958

2,363

2,147

2,178

2,045

2,766

Operating Profit

514

403

430

325

484

383

417

390

499

311

417

459

461

OPM %

18.75%

16.52%

16.69%

14.46%

17.24%

15.77%

16.15%

16.59%

17.45%

12.66%

16.08%

18.32%

14.29%

-9

Interest

Depreciation

Profit before Tax

439

327

355

246

411

308

395

318

396

235

373

434

500

Tax %

25.67%

25.43%

25.93%

26.19%

25.60%

25.58%

22.42%

25.47%

25.78%

24.98%

20.09%

24.61%

26.31%

Net Profit

326

244

263

182

306

229

306

237

294

176

298

327

369

2.80

2.09

2.26

1.56

2.62

1.96

2.63

2.03

2.52

1.51

2.56

2.81

3.16

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

4,225

4,724

5,516

5,692

6,021

7,741

9,471

10,003

10,169

10,420

10,784

3,565

3,982

4,655

4,734

4,924

6,558

8,125

8,331

8,495

8,734

9,136

Operating Profit

660

741

861

958

1,097

1,183

1,346

1,672

1,674

1,687

1,648

OPM %

15.63%

15.70%

15.60%

16.83%

18.22%

15.28%

14.21%

16.71%

16.46%

16.19%

15.28%

107

151

122

143

191

Interest

Depreciation

110

163

171

186

198

234

297

318

346

354

Profit before Tax

663

662

687

905

919

1,005

1,103

1,367

1,431

1,438

1,543

Tax %

33.05%

34.75%

36.59%

22.79%

25.89%

25.40%

24.88%

25.77%

24.69%

23.82%

24.12%

Net Profit

444

432

436

699

681

750

828

1,015

1,078

1,096

1,171

EPS

4.57

4.45

4.49

7.20

7.01

7.72

7.11

8.71

9.24

9.40

—

Dividend Payout %

38.26%

40.47%

42.33%

30.56%

39.95%

40.15%

37.52%

40.20%

41.12%

42.57%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

117

1,815

2,044

2,255

2,526

3,180

3,660

4,193

4,884

5,559

6,220

123

149

415

429

394

835

1,054

563

466

417

Trade Payables

750

933

968

1,013

1,409

1,705

1,674

1,567

1,569

1,522

907

1,236

1,503

1,708

1,959

2,255

2,580

2,986

3,345

3,872

Total Liabilities

3,692

4,459

5,238

5,773

7,039

8,553

9,599

10,116

11,056

12,148

889

915

1,206

1,386

1,502

1,645

2,741

2,882

2,973

3,030

Capital Work in Progress

148

168

569

129

260

578

531

577

648

788

744

772

797

1,049

1,682

894

939

1,149

1,167

1,499

2,150

2,146

2,019

2,207

2,226

979

1,124

1,129

Cash & Bank

121

132

126

339

207

174

334

366

207

1,239

1,866

2,027

2,278

2,815

3,238

3,688

2,976

3,260

3,615

Total Assets

3,692

4,459

5,238

5,773

7,039

8,553

9,599

10,116

11,056

12,148

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

555

659

771

1,034

911

800

1,214

1,483

1,119

1,406

Cash from Investing

-265

-169

-345

-234

-459

-549

-659

-296

-543

-811

Cash from Financing

-73

-195

-237

-530

-183

-5

-284

-1,092

-585

-34

-25

-9

-10

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.99

74.98

7.51

6.98

5.94

5.74

5.59

5.35

5.25

4.68

4.82

7.57

8.77

9.59

10.10

10.44

10.70

11.07

11.70

11.76

Government

0.00

9.93

9.26

9.48

9.17

8.98

8.97

8.70

8.65

8.42

Berger Paints India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Berger Paints India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI