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 ₹ 67,261 Cr.
- Current Price ₹ 577
- High / Low ₹ 630 / 439
- Stock P/E 57.6
- Book Value ₹ 46.1
- Dividend Yield 0.61 %
- ROCE 27.5 %
- ROE 23.5 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 35.8%
Cons
- Stock is trading at 12.5 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,227 | 3,732 | 4,170 | 4,223 | 4,552 | 5,166 | 6,062 | 6,366 | 6,818 | 8,762 | 10,568 | 11,199 | 11,260 | |
2,856 | 3,300 | 3,659 | 3,578 | 3,833 | 4,359 | 5,127 | 5,313 | 5,635 | 7,431 | 9,090 | 9,338 | 9,433 | |
Operating Profit | 371 | 431 | 511 | 645 | 719 | 807 | 935 | 1,053 | 1,182 | 1,331 | 1,478 | 1,861 | 1,827 |
OPM % | 12% | 12% | 12% | 15% | 16% | 16% | 15% | 17% | 17% | 15% | 14% | 17% | 16% |
31 | 36 | 36 | 40 | 108 | 46 | 60 | 69 | 51 | 68 | 48 | 105 | 133 | |
Interest | 38 | 47 | 50 | 27 | 16 | 25 | 47 | 47 | 44 | 51 | 99 | 78 | 74 |
Depreciation | 57 | 71 | 92 | 99 | 108 | 124 | 182 | 191 | 211 | 227 | 264 | 331 | 340 |
Profit before tax | 308 | 350 | 404 | 559 | 703 | 705 | 765 | 883 | 979 | 1,122 | 1,162 | 1,557 | 1,547 |
Tax % | 29% | 29% | 34% | 34% | 33% | 35% | 35% | 26% | 26% | 26% | 26% | 25% | |
218 | 249 | 265 | 371 | 474 | 461 | 494 | 656 | 720 | 833 | 860 | 1,170 | 1,169 | |
EPS in Rs | 1.88 | 2.14 | 2.27 | 3.18 | 4.07 | 3.95 | 4.24 | 5.64 | 6.17 | 7.14 | 7.37 | 10.02 | 10.01 |
Dividend Payout % | 29% | 31% | 33% | 31% | 36% | 38% | 37% | 32% | 38% | 36% | 36% | 35% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 13% |
3 Years: | 18% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 19% |
3 Years: | 18% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | 10% |
3 Years: | -6% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | 23% |
5 Years: | 23% |
3 Years: | 22% |
Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 884 | 1,051 | 1,191 | 1,493 | 1,804 | 2,097 | 2,347 | 2,563 | 3,280 | 3,830 | 4,397 | 5,262 |
550 | 624 | 610 | 354 | 406 | 422 | 753 | 767 | 634 | 1,014 | 1,189 | 753 | |
683 | 851 | 846 | 960 | 1,132 | 1,326 | 1,360 | 1,472 | 1,907 | 2,271 | 2,283 | 2,236 | |
Total Liabilities | 2,186 | 2,595 | 2,716 | 2,877 | 3,440 | 3,943 | 4,557 | 4,900 | 5,918 | 7,211 | 7,966 | 8,368 |
599 | 864 | 931 | 963 | 1,136 | 1,267 | 1,583 | 1,916 | 2,044 | 2,187 | 3,332 | 3,500 | |
CWIP | 172 | 133 | 100 | 51 | 62 | 97 | 170 | 178 | 107 | 606 | 111 | 189 |
Investments | 11 | 91 | 134 | 348 | 472 | 333 | 395 | 315 | 356 | 234 | 183 | 255 |
1,404 | 1,507 | 1,550 | 1,515 | 1,769 | 2,245 | 2,409 | 2,490 | 3,411 | 4,185 | 4,341 | 4,424 | |
Total Assets | 2,186 | 2,595 | 2,716 | 2,877 | 3,440 | 3,943 | 4,557 | 4,900 | 5,918 | 7,211 | 7,966 | 8,368 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
120 | 310 | 414 | 595 | 394 | 422 | 611 | 725 | 796 | 566 | 976 | 1,591 | |
-203 | -301 | -184 | -259 | -308 | -183 | -379 | -223 | -457 | -521 | -600 | -398 | |
128 | -52 | -198 | -368 | -82 | -200 | -259 | -479 | -282 | -78 | -363 | -1,069 | |
Net Cash Flow | 45 | -43 | 32 | -32 | 4 | 38 | -27 | 22 | 57 | -33 | 13 | 124 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 47 | 48 | 47 | 47 | 46 | 49 | 40 | 41 | 55 | 44 | 43 | 42 |
Inventory Days | 127 | 122 | 104 | 108 | 153 | 140 | 138 | 142 | 174 | 178 | 142 | 134 |
Days Payable | 80 | 95 | 81 | 99 | 124 | 133 | 112 | 118 | 161 | 139 | 108 | 103 |
Cash Conversion Cycle | 93 | 74 | 70 | 56 | 75 | 56 | 67 | 65 | 67 | 83 | 77 | 73 |
Working Capital Days | 57 | 39 | 48 | 35 | 44 | 49 | 48 | 47 | 58 | 64 | 60 | 56 |
ROCE % | 25% | 24% | 25% | 30% | 31% | 29% | 27% | 28% | 27% | 26% | 24% | 28% |
Documents
Announcements
-
Board Meeting Intimation for Unaudited Financial Results (Both Standalone And Consolidated)
2d - Board meeting to approve Q2 financial results.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20 Sep - For schedule of analyst / investor meeting. Details are provided in the attached letter dated 20th September, 2024.
-
Voting Results Of Postal Ballot
18 Sep - Disclosure of voting results for Postal Ballot.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 18 Sep
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
17 Sep - Of schedule of analyst / institutional investor meet pursuant to Reg. 30 of SEBI-LODR. Details are provided in the letter dated 17th September, 2024.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
-
Financial Year 2011
from bse
Concalls
-
Aug 2024TranscriptNotesPPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT REC
-
Feb 2024TranscriptNotesPPT
-
Nov 2023Transcript PPT REC
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
Mar 2023TranscriptNotesPPT
-
Feb 2023Transcript PPT
-
Nov 2022TranscriptNotesPPT
-
Aug 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Nov 2021TranscriptNotesPPT
-
Aug 2021Transcript PPT
-
Jun 2021TranscriptNotesPPT
-
Feb 2021TranscriptNotesPPT
-
Nov 2020TranscriptNotesPPT
-
Aug 2020TranscriptNotesPPT
-
Jun 2020TranscriptNotesPPT
-
Feb 2020TranscriptNotesPPT
-
Nov 2019TranscriptNotesPPT
-
Aug 2019TranscriptNotesPPT
-
Jun 2019TranscriptNotesPPT
-
Feb 2019TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
Aug 2018TranscriptNotesPPT
-
Jun 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Nov 2017TranscriptNotesPPT
-
Aug 2017TranscriptNotesPPT
-
Jun 2017TranscriptNotesPPT
-
Feb 2017TranscriptNotesPPT
-
Nov 2016TranscriptNotesPPT
-
Aug 2016TranscriptNotesPPT
-
Jun 2016TranscriptNotesPPT
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]