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 ₹ 55,024 Cr.
- Current Price ₹ 472
- High / Low ₹ 595 / 391
- Stock P/E 46.6
- Book Value ₹ 54.4
- Dividend Yield 0.85 %
- ROCE 22.9 %
- ROE 18.2 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 41.3%
Cons
- Stock is trading at 8.67 times its book value
- The company has delivered a poor sales growth of 11.6% over past five years.
* 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 BSE Dollex 200 Nifty 500
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,655 | 3,858 | 4,225 | 4,724 | 5,516 | 5,692 | 6,021 | 7,741 | 9,471 | 10,003 | 10,169 | 10,420 | 10,784 | |
| 3,180 | 3,250 | 3,677 | 3,980 | 4,653 | 4,734 | 4,924 | 6,558 | 8,120 | 8,331 | 8,494 | 8,734 | 9,035 | |
| Operating Profit | 475 | 608 | 549 | 743 | 863 | 958 | 1,097 | 1,183 | 1,350 | 1,672 | 1,676 | 1,687 | 1,749 |
| OPM % | 13% | 16% | 13% | 16% | 16% | 17% | 18% | 15% | 14% | 17% | 16% | 16% | 16% |
| 34 | 36 | 220 | 47 | 25 | 151 | 41 | 63 | 73 | 57 | 121 | 143 | 191 | |
| Interest | 35 | 17 | 8 | 16 | 35 | 33 | 33 | 43 | 86 | 65 | 48 | 46 | 44 |
| Depreciation | 79 | 88 | 98 | 112 | 165 | 171 | 186 | 198 | 234 | 297 | 318 | 346 | 354 |
| Profit before tax | 396 | 539 | 663 | 662 | 687 | 905 | 919 | 1,005 | 1,103 | 1,367 | 1,431 | 1,438 | 1,543 |
| Tax % | 33% | 34% | 33% | 35% | 37% | 23% | 26% | 25% | 25% | 26% | 25% | 24% | |
| 266 | 356 | 444 | 432 | 436 | 699 | 681 | 750 | 828 | 1,015 | 1,078 | 1,096 | 1,171 | |
| EPS in Rs | 2.28 | 3.06 | 3.81 | 3.71 | 3.74 | 6.00 | 5.84 | 6.43 | 7.11 | 8.71 | 9.24 | 9.40 | 10.04 |
| Dividend Payout % | 33% | 32% | 38% | 40% | 42% | 31% | 40% | 40% | 38% | 40% | 41% | 43% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 12% |
| 3 Years: | 3% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 10% |
| 3 Years: | 10% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | -7% |
| 3 Years: | -6% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 20% |
| 3 Years: | 20% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 69 | 69 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 117 | 117 | 117 |
| Reserves | 1,223 | 1,523 | 1,816 | 2,047 | 2,258 | 2,528 | 3,182 | 3,667 | 4,198 | 4,889 | 5,564 | 6,226 |
| 288 | 67 | 120 | 143 | 439 | 442 | 396 | 831 | 1,059 | 579 | 492 | 459 | |
| 729 | 853 | 1,055 | 1,218 | 1,240 | 1,276 | 1,692 | 2,031 | 2,046 | 1,997 | 2,003 | 2,145 | |
| Total Liabilities | 2,310 | 2,512 | 3,087 | 3,505 | 4,034 | 4,343 | 5,368 | 6,626 | 7,400 | 7,582 | 8,177 | 8,946 |
| 648 | 704 | 889 | 915 | 1,206 | 1,386 | 1,502 | 1,645 | 2,741 | 2,882 | 2,973 | 3,030 | |
| CWIP | 88 | 49 | 56 | 87 | 148 | 168 | 98 | 569 | 79 | 130 | 80 | 260 |
| Investments | 244 | 415 | 578 | 531 | 577 | 648 | 788 | 744 | 772 | 797 | 1,049 | 1,682 |
| 1,331 | 1,344 | 1,565 | 1,971 | 2,104 | 2,140 | 2,981 | 3,668 | 3,809 | 3,772 | 4,075 | 3,975 | |
| Total Assets | 2,310 | 2,512 | 3,087 | 3,505 | 4,034 | 4,343 | 5,368 | 6,626 | 7,400 | 7,582 | 8,177 | 8,946 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 385 | 536 | 338 | 399 | 548 | 793 | 677 | 530 | 934 | 1,483 | 1,119 | 1,406 | |
| -169 | -222 | -264 | -169 | -345 | -234 | -459 | -549 | -659 | -296 | -543 | -811 | |
| -186 | -346 | -73 | -195 | -237 | -530 | -183 | -5 | -284 | -1,092 | -585 | -585 | |
| Net Cash Flow | 31 | -33 | 2 | 35 | -34 | 28 | 35 | -25 | -9 | 94 | -10 | 11 |
| Free Cash Flow | 250 | 431 | 91 | 207 | 296 | 504 | 513 | -175 | 238 | 1,272 | 765 | 988 |
| CFO/OP | 106% | 117% | 100% | 89% | 89% | 108% | 83% | 68% | 90% | 107% | 88% | 102% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 44 | 44 | 46 | 38 | 36 | 51 | 39 | 37 | 36 | 40 | 40 |
| Inventory Days | 106 | 126 | 155 | 141 | 140 | 144 | 184 | 188 | 146 | 139 | 150 | 149 |
| Days Payable | 83 | 116 | 130 | 140 | 118 | 125 | 173 | 149 | 114 | 108 | 107 | 102 |
| Cash Conversion Cycle | 66 | 54 | 69 | 47 | 60 | 55 | 62 | 78 | 70 | 67 | 84 | 87 |
| Working Capital Days | 17 | 32 | 35 | 35 | 32 | 27 | 44 | 35 | 27 | 44 | 53 | 49 |
| ROCE % | 28% | 33% | 32% | 31% | 29% | 31% | 28% | 25% | 24% | 26% | 25% | 23% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Decorative Paints Market Share (among listed players) % |
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| Standalone Value Growth (YoY %) % |
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| Color Bank (Tinting) Machines Installed (In-Year) count |
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| Installed Paint Manufacturing Capacity mln MT |
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| Berger Exclusive Stores (Cumulative) count |
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| Dealers and Retailers (Cumulative) count |
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Extracted by Screener AI
Documents
Announcements
- Voting Results Of Postal Ballot Under Reg.44 Of SEBI LODR
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Please find attached letter dated 6th October, 2026.
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Board Meeting Intimation for Consideration & Approval Of Financial Results For The Quarter And Half Year Ended On 30.09.2026
- Board meeting on 5 Nov 2026 to approve Q2 and half-year FY27 unaudited results.
-
Closure of Trading Window
- Trading window closes from 1 October 2026 until 48 hours after Q2 FY27 results board meeting.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript PPT REC
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May 2026PPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Feb 2024PPT
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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May 2023PPT
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Mar 2023PPT
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Feb 2023Transcript PPT
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Nov 2022PPT
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Aug 2022PPT
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May 2022PPT
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Feb 2022PPT
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Nov 2021PPT
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Aug 2021Transcript PPT
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Jun 2021PPT
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Nov 2020PPT
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Aug 2020PPT
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Feb 2020PPT
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Nov 2019PPT
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Nov 2018PPT
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Nov 2016PPT
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Jun 2016PPT
Market Position:[1]
Berger is the 2nd largest paint company in India, 4th largest in Asia and 7th largest decorative paints company in the world. Berger has operations across India, Poland, Russia and Nepal. Portfolio spans decorative paints, construction chemicals, waterproofing, wood coatings, protective coatings, automotive, general industrial and powder coatings. Group has 17 active subsidiaries/JVs