Berger Paints India Ltd
Berger Paints India is engaged in the Manufacturing and selling of Paints.(Source : 201903 Annual Report Page No: 117)
- Market Cap ₹ 66,095 Cr.
- Current Price ₹ 567
- High / Low ₹ 630 / 438
- Stock P/E 62.0
- Book Value ₹ 48.7
- Dividend Yield 0.67 %
- ROCE 24.9 %
- ROE 20.0 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 39.6%
Cons
- Stock is trading at 11.6 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.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Paints
Part of BSE 500 BSE Consumer Durables BSE 200 Nifty 500 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,248 | 3,655 | 3,858 | 4,225 | 4,724 | 5,516 | 5,692 | 6,021 | 7,741 | 9,471 | 10,003 | 10,169 | |
| 2,858 | 3,180 | 3,250 | 3,677 | 3,980 | 4,653 | 4,734 | 4,924 | 6,558 | 8,120 | 8,331 | 8,494 | |
| Operating Profit | 390 | 475 | 608 | 549 | 743 | 863 | 958 | 1,097 | 1,183 | 1,350 | 1,672 | 1,676 |
| OPM % | 12% | 13% | 16% | 13% | 16% | 16% | 17% | 18% | 15% | 14% | 17% | 16% |
| 31 | 34 | 36 | 220 | 47 | 25 | 151 | 41 | 63 | 73 | 57 | 121 | |
| Interest | 34 | 35 | 17 | 8 | 16 | 35 | 33 | 33 | 43 | 86 | 65 | 48 |
| Depreciation | 58 | 79 | 88 | 98 | 112 | 165 | 171 | 186 | 198 | 234 | 297 | 318 |
| Profit before tax | 328 | 396 | 539 | 663 | 662 | 687 | 905 | 919 | 1,005 | 1,103 | 1,367 | 1,431 |
| Tax % | 29% | 33% | 34% | 33% | 35% | 37% | 23% | 26% | 25% | 25% | 26% | 25% |
| 234 | 266 | 356 | 444 | 432 | 436 | 699 | 681 | 750 | 828 | 1,015 | 1,078 | |
| EPS in Rs | 2.01 | 2.28 | 3.06 | 3.81 | 3.71 | 3.74 | 6.00 | 5.84 | 6.43 | 7.11 | 8.71 | 9.24 |
| Dividend Payout % | 33% | 33% | 32% | 38% | 40% | 42% | 31% | 40% | 40% | 38% | 40% | 41% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 10% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 9% |
| 3 Years: | 13% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 5% |
| 3 Years: | 1% |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | 21% |
| 3 Years: | 21% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 1,063 | 1,223 | 1,523 | 1,816 | 2,047 | 2,258 | 2,528 | 3,182 | 3,667 | 4,198 | 4,889 | 5,564 |
| 303 | 288 | 67 | 120 | 143 | 439 | 442 | 396 | 831 | 1,059 | 579 | 492 | |
| 726 | 729 | 853 | 1,055 | 1,218 | 1,240 | 1,276 | 1,692 | 2,031 | 2,046 | 1,997 | 2,003 | |
| Total Liabilities | 2,161 | 2,310 | 2,512 | 3,087 | 3,505 | 4,034 | 4,343 | 5,368 | 6,626 | 7,400 | 7,582 | 8,177 |
| 548 | 648 | 704 | 889 | 915 | 1,206 | 1,386 | 1,502 | 1,645 | 2,741 | 2,882 | 2,973 | |
| CWIP | 132 | 88 | 49 | 56 | 87 | 148 | 168 | 98 | 569 | 79 | 130 | 80 |
| Investments | 187 | 244 | 415 | 578 | 531 | 577 | 648 | 788 | 744 | 772 | 797 | 1,049 |
| 1,293 | 1,331 | 1,344 | 1,565 | 1,971 | 2,104 | 2,140 | 2,981 | 3,668 | 3,809 | 3,772 | 4,075 | |
| Total Assets | 2,161 | 2,310 | 2,512 | 3,087 | 3,505 | 4,034 | 4,343 | 5,368 | 6,626 | 7,400 | 7,582 | 8,177 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 337 | 385 | 536 | 338 | 399 | 548 | 793 | 677 | 530 | 934 | 1,483 | 1,119 | |
| -304 | -169 | -222 | -264 | -169 | -345 | -234 | -459 | -549 | -659 | -296 | -543 | |
| -93 | -186 | -346 | -73 | -195 | -237 | -530 | -183 | -5 | -284 | -1,092 | -585 | |
| Net Cash Flow | -59 | 31 | -33 | 2 | 35 | -34 | 28 | 35 | -25 | -9 | 94 | -10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 43 | 43 | 44 | 44 | 46 | 38 | 36 | 51 | 39 | 37 | 36 | 40 |
| Inventory Days | 125 | 106 | 126 | 155 | 141 | 140 | 144 | 184 | 188 | 146 | 139 | 150 |
| Days Payable | 99 | 83 | 116 | 130 | 140 | 118 | 125 | 173 | 149 | 114 | 108 | 107 |
| Cash Conversion Cycle | 69 | 66 | 54 | 69 | 47 | 60 | 55 | 62 | 78 | 70 | 67 | 84 |
| Working Capital Days | 11 | 17 | 32 | 35 | 35 | 32 | 27 | 44 | 35 | 27 | 44 | 53 |
| ROCE % | 27% | 28% | 33% | 32% | 31% | 29% | 31% | 28% | 25% | 24% | 26% | 25% |
Documents
Announcements
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Updates - Action Initiated Or Order Passes
1d - Berger Paints fined INR 165,922 for FY18 tax dispute; no material financial impact reported.
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Updates - Action Initiated Or Order Passed By Regulatory Authority
2d - Company fined ~1.3 lakh INR for service tax dispute; no material financial impact reported.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Jul - In relation to conference call for Institutional Investors / Analyst for discussion about Unaudited Financial Results of the Company for the quarter ended 30th June, …
- Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Jul
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 Jul - Newspaper publication in relation to dispatch of Notice and Integrated Report for the financial year 2024-25 of the Company to the shareholders.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Jun 2025Transcript PPT
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Market Position
Berger Paints is the 2nd Largest paint company in India, the 4th Largest paint company in Asia, and the 7th Largest decorative paint company in the world. [1]