Berger Paints India Ltd

Berger Paints India Ltd

₹ 573 -0.13%
29 Mar - 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 55,701 Cr.
  • Current Price 573
  • High / Low 743 / 527
  • Stock P/E 62.3
  • Book Value 42.2
  • Dividend Yield 0.54 %
  • ROCE 25.9 %
  • ROE 22.5 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 35.5%

Cons

  • Stock is trading at 13.6 times its book value
  • Company might be capitalizing the interest cost

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
1,696 1,355 931 1,743 2,118 2,026 1,798 2,225 2,551 2,188 2,760 2,671 2,694
1,404 1,149 843 1,408 1,703 1,692 1,561 1,871 2,159 1,841 2,355 2,307 2,344
Operating Profit 292 206 88 334 415 334 238 354 392 346 405 364 350
OPM % 17% 15% 9% 19% 20% 17% 13% 16% 15% 16% 15% 14% 13%
14 17 8 23 17 15 17 13 15 24 17 16 13
Interest 13 14 12 11 9 12 10 13 14 15 16 24 30
Depreciation 48 49 50 54 53 54 55 56 56 60 63 62 64
Profit before tax 246 159 33 293 370 283 190 298 337 296 342 293 269
Tax % 26% 35% 54% 24% 26% 26% 26% 27% 25% 26% 26% 25% 25%
Net Profit 182 103 15 221 275 209 140 219 253 220 254 220 201
EPS in Rs 1.88 1.07 0.16 2.27 2.83 2.15 1.45 2.25 2.60 2.27 2.61 2.26 2.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
2,263 2,846 3,227 3,732 4,170 4,223 4,552 5,166 6,062 6,366 6,818 8,762 10,312
2,013 2,543 2,856 3,300 3,659 3,578 3,833 4,359 5,127 5,313 5,635 7,431 8,847
Operating Profit 250 303 371 431 511 645 719 807 935 1,053 1,182 1,331 1,465
OPM % 11% 11% 12% 12% 12% 15% 16% 16% 15% 17% 17% 15% 14%
30 31 31 36 36 40 108 46 60 69 51 68 70
Interest 24 32 38 47 50 27 16 25 47 47 44 51 85
Depreciation 40 47 57 71 92 99 108 124 182 191 211 227 249
Profit before tax 216 254 308 350 404 559 703 705 765 883 979 1,122 1,201
Tax % 31% 29% 29% 29% 34% 34% 33% 35% 35% 26% 26% 26%
Net Profit 150 180 218 249 265 371 474 461 494 656 720 833 895
EPS in Rs 1.55 1.86 2.25 2.57 2.73 3.82 4.88 4.75 5.09 6.77 7.41 8.57 9.21
Dividend Payout % 30% 27% 29% 31% 33% 31% 36% 38% 37% 32% 38% 36%
Compounded Sales Growth
10 Years: 12%
5 Years: 14%
3 Years: 13%
TTM: 20%
Compounded Profit Growth
10 Years: 16%
5 Years: 14%
3 Years: 19%
TTM: 9%
Stock Price CAGR
10 Years: 23%
5 Years: 17%
3 Years: 6%
1 Year: -17%
Return on Equity
10 Years: 23%
5 Years: 23%
3 Years: 24%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
69 69 69 69 69 69 97 97 97 97 97 97 97
Reserves 620 722 884 1,051 1,191 1,493 1,804 2,097 2,347 2,563 3,280 3,830 4,003
330 418 550 624 610 354 406 422 753 767 634 1,014 1,634
451 578 683 851 846 960 1,132 1,326 1,360 1,472 1,907 2,271 2,481
Total Liabilities 1,470 1,788 2,186 2,595 2,716 2,877 3,440 3,943 4,557 4,900 5,918 7,211 8,215
434 509 599 864 931 963 1,136 1,267 1,583 1,916 2,044 2,187 2,275
CWIP 82 73 172 133 100 51 62 97 170 178 107 606 907
Investments 53 4 11 91 134 348 472 333 395 315 356 234 178
902 1,202 1,404 1,507 1,550 1,515 1,769 2,245 2,409 2,490 3,411 4,185 4,856
Total Assets 1,470 1,788 2,186 2,595 2,716 2,877 3,440 3,943 4,557 4,900 5,918 7,211 8,215

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
126 176 120 310 414 595 394 422 611 725 796 566
-11 -71 -203 -301 -184 -259 -308 -183 -379 -223 -457 -521
-31 -48 128 -52 -198 -368 -82 -200 -259 -479 -282 -78
Net Cash Flow 84 57 45 -43 32 -32 4 38 -27 22 57 -33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 44 46 47 48 47 47 46 49 40 41 55 44
Inventory Days 128 123 127 122 104 108 153 140 138 142 174 178
Days Payable 79 79 80 95 81 99 124 133 112 118 161 139
Cash Conversion Cycle 93 89 93 74 70 56 75 56 67 65 67 83
Working Capital Days 54 46 57 39 48 35 44 49 48 47 58 64
ROCE % 25% 26% 25% 24% 25% 30% 31% 29% 27% 28% 27% 26%

Shareholding Pattern

Numbers in percentages

7 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
74.99 74.99 74.99 74.98 74.98 74.98 74.99 74.99 74.99 74.99 74.99 75.00
7.78 11.72 11.38 11.53 11.24 11.25 11.22 11.30 11.28 11.03 11.13 11.11
6.83 3.02 3.72 3.69 4.02 4.07 3.91 3.57 3.41 3.57 3.16 2.90
10.40 10.27 9.91 9.80 9.75 9.69 9.88 10.14 10.32 10.41 10.71 10.98

* 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

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