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 ₹ 61,606 Cr.
- Current Price ₹ 528
- High / Low ₹ 630 / 438
- Stock P/E 56.4
- Book Value ₹ 48.7
- Dividend Yield 0.72 %
- 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 10.8 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,248 | 3,655 | 3,858 | 4,225 | 4,724 | 5,516 | 5,692 | 6,021 | 7,741 | 9,471 | 10,003 | 10,169 | 10,226 | |
| 2,858 | 3,180 | 3,250 | 3,677 | 3,980 | 4,653 | 4,734 | 4,924 | 6,558 | 8,120 | 8,331 | 8,494 | 8,536 | |
| Operating Profit | 390 | 475 | 608 | 549 | 743 | 863 | 958 | 1,097 | 1,183 | 1,350 | 1,672 | 1,676 | 1,690 |
| OPM % | 12% | 13% | 16% | 13% | 16% | 16% | 17% | 18% | 15% | 14% | 17% | 16% | 17% |
| 31 | 34 | 36 | 220 | 47 | 25 | 151 | 41 | 63 | 73 | 57 | 121 | 96 | |
| Interest | 34 | 35 | 17 | 8 | 16 | 35 | 33 | 33 | 43 | 86 | 65 | 48 | 48 |
| Depreciation | 58 | 79 | 88 | 98 | 112 | 165 | 171 | 186 | 198 | 234 | 297 | 318 | 323 |
| Profit before tax | 328 | 396 | 539 | 663 | 662 | 687 | 905 | 919 | 1,005 | 1,103 | 1,367 | 1,431 | 1,416 |
| 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 | 1,066 | |
| 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 | 9.14 |
| 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: | 10% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 2% |
| 3 Years: | -1% |
| 1 Year: | -8% |
| 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
- Announcement under Regulation 30 (LODR)-Newspaper Publication 20 Aug
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 Aug - Of schedule of analyst / institutional meeting pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
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General Updates
12 Aug - Appointment of Mr Anjan Kumar Roy as secretarial auditor for five years from FY 2025-26.
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General Updates
12 Aug - Berger Paints appoints B S R & Co. LLP as statutory auditors for five years from 2025 AGM.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 12 Aug
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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Aug 2025TranscriptNotesPPT
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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]