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 ₹ 60,457 Cr.
- Current Price ₹ 518
- High / Low ₹ 605 / 391
- Stock P/E 51.8
- Book Value ₹ 59.3
- Dividend Yield 0.73 %
- ROCE 22.2 %
- ROE 17.8 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 38.0%
Cons
- Stock is trading at 8.65 times its book value
- The company has delivered a poor sales growth of 11.8% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,170 | 4,223 | 4,552 | 5,166 | 6,062 | 6,366 | 6,818 | 8,762 | 10,568 | 11,199 | 11,545 | 11,880 | |
| 3,659 | 3,578 | 3,833 | 4,359 | 5,127 | 5,313 | 5,635 | 7,431 | 9,090 | 9,338 | 9,688 | 10,047 | |
| Operating Profit | 511 | 645 | 719 | 807 | 935 | 1,053 | 1,182 | 1,331 | 1,478 | 1,861 | 1,856 | 1,833 |
| OPM % | 12% | 15% | 16% | 16% | 15% | 17% | 17% | 15% | 14% | 17% | 16% | 15% |
| 36 | 40 | 108 | 46 | 60 | 69 | 51 | 68 | 48 | 105 | 129 | 104 | |
| Interest | 50 | 27 | 16 | 25 | 47 | 47 | 44 | 51 | 99 | 78 | 63 | 58 |
| Depreciation | 92 | 99 | 108 | 124 | 182 | 191 | 211 | 227 | 264 | 331 | 354 | 392 |
| Profit before tax | 404 | 559 | 703 | 705 | 765 | 883 | 979 | 1,122 | 1,162 | 1,557 | 1,568 | 1,488 |
| Tax % | 34% | 34% | 33% | 35% | 35% | 26% | 26% | 26% | 26% | 25% | 25% | 24% |
| 265 | 371 | 474 | 461 | 494 | 656 | 720 | 833 | 860 | 1,170 | 1,183 | 1,128 | |
| EPS in Rs | 2.27 | 3.18 | 4.07 | 3.95 | 4.24 | 5.64 | 6.17 | 7.14 | 7.37 | 10.02 | 10.12 | 9.66 |
| Dividend Payout % | 33% | 31% | 36% | 38% | 37% | 32% | 38% | 36% | 36% | 35% | 38% | 41% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 4% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 10% |
| 3 Years: | 11% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | -5% |
| 3 Years: | -3% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 21% |
| 3 Years: | 20% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 1,191 | 1,493 | 1,804 | 2,097 | 2,347 | 2,563 | 3,280 | 3,830 | 4,397 | 5,262 | 6,038 | 6,800 |
| 610 | 354 | 406 | 422 | 753 | 767 | 634 | 1,014 | 1,189 | 753 | 670 | 635 | |
| 846 | 960 | 1,132 | 1,326 | 1,360 | 1,472 | 1,907 | 2,271 | 2,283 | 2,236 | 2,300 | 2,506 | |
| Total Liabilities | 2,716 | 2,877 | 3,440 | 3,943 | 4,557 | 4,900 | 5,918 | 7,211 | 7,966 | 8,368 | 9,125 | 10,057 |
| 931 | 963 | 1,136 | 1,267 | 1,583 | 1,916 | 2,044 | 2,187 | 3,332 | 3,500 | 3,677 | 3,842 | |
| CWIP | 100 | 51 | 62 | 97 | 170 | 178 | 107 | 606 | 111 | 189 | 125 | 316 |
| Investments | 134 | 348 | 472 | 333 | 395 | 315 | 356 | 234 | 183 | 255 | 533 | 1,189 |
| 1,550 | 1,515 | 1,769 | 2,245 | 2,409 | 2,490 | 3,411 | 4,185 | 4,341 | 4,424 | 4,790 | 4,711 | |
| Total Assets | 2,716 | 2,877 | 3,440 | 3,943 | 4,557 | 4,900 | 5,918 | 7,211 | 7,966 | 8,368 | 9,125 | 10,057 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 414 | 595 | 394 | 422 | 611 | 725 | 796 | 566 | 976 | 1,591 | 1,269 | 1,540 | |
| -184 | -259 | -308 | -183 | -379 | -223 | -457 | -521 | -600 | -398 | -650 | -976 | |
| -198 | -368 | -82 | -200 | -259 | -479 | -282 | -78 | -363 | -1,069 | -606 | -613 | |
| Net Cash Flow | 32 | -32 | 4 | 38 | -27 | 22 | 57 | -33 | 13 | 124 | 14 | -49 |
| Free Cash Flow | 254 | 477 | 130 | 132 | 320 | 294 | 611 | -193 | 232 | 1,321 | 845 | 1,037 |
| CFO/OP | 105% | 120% | 85% | 87% | 91% | 94% | 89% | 65% | 87% | 104% | 89% | 102% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 47 | 47 | 46 | 49 | 40 | 41 | 55 | 44 | 43 | 42 | 49 | 48 |
| Inventory Days | 104 | 108 | 153 | 140 | 138 | 142 | 174 | 178 | 142 | 134 | 143 | 128 |
| Days Payable | 81 | 99 | 124 | 133 | 112 | 118 | 161 | 139 | 108 | 103 | 105 | 93 |
| Cash Conversion Cycle | 70 | 56 | 75 | 56 | 67 | 65 | 67 | 83 | 77 | 73 | 86 | 83 |
| Working Capital Days | 17 | 26 | 33 | 37 | 31 | 28 | 43 | 34 | 31 | 46 | 53 | 79 |
| ROCE % | 25% | 30% | 31% | 29% | 27% | 28% | 27% | 26% | 24% | 28% | 25% | 22% |
Insights
In beta| Mar 2015 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of Depots/Sales Offices Number ・Includes some standalone data |
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| Tinting Machine (Color Bank) Network Number ・Includes some standalone data |
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| Total Manufacturing Capacity MTPA |
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| Production Volume KL ・Standalone data |
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| Total Manufacturing Capacity KL / MTPA |
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Extracted by Screener AI
Documents
Announcements
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Announcement Under Reg 30 - Updates - Audio Recording Of Earnings Call
12h - Audio recording of investor presentation on Q4 FY2025-26 financial results made available online.
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Announcement under Regulation 30 (LODR)-Change in Directorate
17h - Board recommended reappointment of Abhijit Roy as MD&CEO for 4 years from 1 July 2027.
- Announcement Under Reg 30 LODR - Investor Presentation 19h
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Announcement under Regulation 30 (LODR)-Change in Directorate
19h - Board recommended reappointment of Abhijit Roy as MD & CEO for 4 years from 1 July 2027, subject to AGM approval.
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Results For The Quarter And Year Ended 31.03.26
20h - Audited FY26 results approved; Rs 4 dividend recommended; Abhijit Roy reappointed CEO from 1 July 2027.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT REC
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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 2024TranscriptAI SummaryPPT
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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 2023TranscriptAI SummaryPPT
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Mar 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021Transcript PPT
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Nov 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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Jun 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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Feb 2017TranscriptAI SummaryPPT
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Nov 2016TranscriptAI SummaryPPT
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Aug 2016TranscriptAI SummaryPPT
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Jun 2016TranscriptAI SummaryPPT
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]