Berger Paints India Ltd

Berger Paints India Ltd

₹ 494 0.48%
18 May - close price
About

Berger Paints India is engaged in the Manufacturing and selling of Paints.(Source : 201903 Annual Report Page No: 117)

Key Points

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]

  • Market Cap 57,614 Cr.
  • Current Price 494
  • High / Low 680 / 478
  • Stock P/E 56.8
  • Book Value 42.9
  • Dividend Yield 0.54 %
  • ROCE 26.2 %
  • ROE 21.8 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 39.3%

Cons

  • Stock is trading at 11.5 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

Sector: Paints/Varnish Industry: Paints / Varnishes

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,797 1,619 1,938 2,256 1,928 2,489 2,374 2,419 2,189 2,740 2,440 2,574 2,249
1,494 1,398 1,634 1,913 1,614 2,115 2,055 2,108 1,847 2,226 2,037 2,145 1,924
Operating Profit 303 221 304 344 314 374 318 311 343 514 403 430 325
OPM % 17% 14% 16% 15% 16% 15% 13% 13% 16% 19% 17% 17% 14%
6 16 14 14 19 11 14 40 13 12 16 16 13
Interest 9 8 11 12 12 14 21 26 26 17 17 16 15
Depreciation 48 47 49 49 52 56 55 57 67 70 75 74 78
Profit before tax 252 181 258 296 270 315 257 268 263 439 327 355 246
Tax % 27% 26% 26% 26% 25% 26% 26% 23% 25% 26% 25% 26% 26%
185 135 192 220 203 234 191 207 196 326 244 263 182
EPS in Rs 1.58 1.16 1.65 1.89 1.74 2.01 1.64 1.78 1.68 2.80 2.09 2.26 1.56
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,906 3,248 3,655 3,858 4,225 4,724 5,516 5,692 6,021 7,741 9,471 10,003
2,569 2,858 3,180 3,250 3,677 3,980 4,653 4,734 4,924 6,558 8,120 8,331
Operating Profit 336 390 475 608 549 743 863 958 1,097 1,183 1,350 1,672
OPM % 12% 12% 13% 16% 13% 16% 16% 17% 18% 15% 14% 17%
31 31 34 36 220 47 25 151 41 63 73 57
Interest 28 34 35 17 8 16 35 33 33 43 86 65
Depreciation 46 58 79 88 98 112 165 171 186 198 234 297
Profit before tax 293 328 396 539 663 662 687 905 919 1,005 1,103 1,367
Tax % 28% 29% 33% 34% 33% 35% 37% 23% 26% 25% 25% 26%
210 234 266 356 444 432 436 699 681 750 828 1,015
EPS in Rs 1.80 2.01 2.28 3.06 3.81 3.71 3.74 6.00 5.84 6.43 7.11 8.71
Dividend Payout % 30% 33% 33% 32% 38% 40% 42% 31% 40% 40% 38% 40%
Compounded Sales Growth
10 Years: 12%
5 Years: 13%
3 Years: 18%
TTM: 6%
Compounded Profit Growth
10 Years: 16%
5 Years: 18%
3 Years: 14%
TTM: 22%
Stock Price CAGR
10 Years: 21%
5 Years: 14%
3 Years: -9%
1 Year: -5%
Return on Equity
10 Years: 22%
5 Years: 22%
3 Years: 21%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 69 69 69 69 97 97 97 97 97 97 97 117
Reserves 915 1,063 1,223 1,523 1,816 2,047 2,258 2,528 3,182 3,667 4,198 4,889
303 303 288 67 120 143 439 442 396 831 1,059 579
551 726 729 853 1,055 1,218 1,240 1,276 1,692 2,031 2,046 1,997
Total Liabilities 1,839 2,161 2,310 2,512 3,087 3,505 4,034 4,343 5,368 6,626 7,400 7,582
322 548 648 704 889 915 1,206 1,386 1,502 1,645 2,741 2,884
CWIP 171 132 88 49 56 87 148 168 98 569 79 129
Investments 91 187 244 415 578 531 577 648 788 744 772 797
1,255 1,293 1,331 1,344 1,565 1,971 2,104 2,140 2,981 3,668 3,809 3,772
Total Assets 1,839 2,161 2,310 2,512 3,087 3,505 4,034 4,343 5,368 6,626 7,400 7,582

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
177 337 385 536 338 399 548 793 677 530 934 1,483
-193 -304 -169 -222 -264 -169 -345 -234 -459 -549 -659 -296
62 -93 -186 -346 -73 -195 -237 -530 -183 -5 -284 -1,092
Net Cash Flow 46 -59 31 -33 2 35 -34 28 35 -25 -9 94

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 41 43 43 44 44 46 38 36 51 39 37 36
Inventory Days 128 125 106 126 155 141 140 144 184 188 146 123
Days Payable 77 99 83 116 130 140 118 125 173 149 114 95
Cash Conversion Cycle 92 69 66 54 69 47 60 55 62 78 70 63
Working Capital Days 56 46 45 38 45 46 48 44 57 62 56 52
ROCE % 28% 27% 28% 33% 32% 31% 29% 31% 28% 25% 24%

Shareholding Pattern

Numbers in percentages

9 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.98% 74.99% 74.99% 74.99% 74.99% 74.99% 75.00% 75.00% 75.00% 75.00% 74.99% 74.99%
11.25% 11.22% 11.30% 11.28% 11.03% 11.13% 11.11% 10.64% 10.83% 10.89% 10.68% 10.66%
4.07% 3.91% 3.57% 3.41% 3.57% 3.16% 2.90% 3.47% 3.75% 4.06% 4.67% 5.17%
9.69% 9.88% 10.14% 10.32% 10.41% 10.71% 10.98% 10.90% 10.42% 10.05% 9.65% 9.17%
No. of Shareholders 1,86,8842,60,6523,16,1133,53,8213,84,6694,04,9574,29,0534,28,4483,93,9703,99,7143,92,6563,71,411

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls