Berger Paints India Ltd

About [ edit ]

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

Key Points [ edit ]
  • Market Cap 75,813 Cr.
  • Current Price 781
  • High / Low 825 / 431
  • Stock P/E 123
  • Book Value 29.5
  • Dividend Yield 0.28 %
  • ROCE 27.6 %
  • ROE 25.8 %
  • Face Value 1.00

Pros

  • Company has been maintaining a healthy dividend payout of 35.91%

Cons

  • Stock is trading at 26.46 times its book value
  • The company has delivered a poor sales growth of 8.83% over past five years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,298 1,483 1,490 1,617 1,472 1,717 1,599 1,696 1,355 931 1,743 2,118
1,105 1,244 1,270 1,367 1,247 1,411 1,349 1,404 1,149 843 1,408 1,703
Operating Profit 193 239 220 249 225 305 249 292 206 88 334 415
OPM % 15% 16% 15% 15% 15% 18% 16% 17% 15% 9% 19% 20%
Other Income 12 17 12 15 16 22 16 14 17 8 23 17
Interest 6 7 12 15 14 10 10 13 14 12 11 9
Depreciation 32 44 45 47 46 46 47 48 49 50 54 53
Profit before tax 167 205 176 203 182 271 208 246 159 33 293 370
Tax % 36% 35% 34% 34% 39% 35% 6% 26% 35% 54% 24% 26%
Net Profit 106 134 116 133 111 177 195 182 104 15 221 275
EPS in Rs 1.09 1.38 1.20 1.37 1.14 1.82 2.01 1.88 1.07 0.16 2.27 2.83

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,571 1,829 2,263 2,846 3,227 3,732 4,170 4,223 4,552 5,166 6,062 6,366 6,146
1,438 1,630 2,013 2,543 2,856 3,300 3,659 3,578 3,834 4,359 5,127 5,313 5,104
Operating Profit 133 199 250 303 371 431 511 645 719 807 935 1,053 1,043
OPM % 8% 11% 11% 11% 12% 12% 12% 15% 16% 16% 15% 17% 17%
Other Income 26 26 30 31 31 36 36 40 109 47 60 69 64
Interest 22 17 24 32 38 47 50 27 16 25 47 47 46
Depreciation 25 36 40 47 57 71 92 99 108 124 182 191 206
Profit before tax 112 172 216 254 308 350 404 559 703 705 765 883 854
Tax % 26% 30% 31% 29% 29% 29% 34% 34% 33% 35% 35% 26%
Net Profit 83 120 150 180 218 249 265 371 474 461 494 658 615
EPS in Rs 0.93 1.24 1.55 1.86 2.25 2.57 2.73 3.82 4.88 4.75 5.09 6.77 6.33
Dividend Payout % 23% 32% 30% 27% 29% 31% 33% 31% 36% 38% 37% 32%
Compounded Sales Growth
10 Years:13%
5 Years:9%
3 Years:12%
TTM:-5%
Compounded Profit Growth
10 Years:19%
5 Years:20%
3 Years:16%
TTM:-8%
Stock Price CAGR
10 Years:36%
5 Years:31%
3 Years:41%
1 Year:78%
Return on Equity
10 Years:24%
5 Years:24%
3 Years:23%
Last Year:26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
64 69 69 69 69 69 69 69 97 97 97 97 97
Reserves 316 527 620 722 884 1,051 1,191 1,493 1,804 2,097 2,347 2,563 2,770
Borrowings 350 267 330 418 550 624 610 354 406 422 753 767 855
311 383 451 578 683 851 846 960 1,132 1,326 1,360 1,472 1,536
Total Liabilities 1,041 1,247 1,470 1,788 2,186 2,595 2,716 2,877 3,440 3,943 4,557 4,900 5,259
407 429 434 509 599 864 931 963 1,136 1,267 1,583 1,916 1,926
CWIP 28 33 82 73 172 133 100 51 62 97 170 178 165
Investments 4 128 53 4 11 91 134 348 472 333 395 315 385
603 657 902 1,202 1,404 1,507 1,550 1,515 1,769 2,245 2,409 2,490 2,782
Total Assets 1,041 1,247 1,470 1,788 2,186 2,595 2,716 2,877 3,440 3,943 4,557 4,900 5,259

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
68 181 126 176 120 310 414 595 394 422 611 725
-265 -182 -11 -71 -203 -301 -184 -259 -308 -183 -379 -223
190 6 -31 -48 128 -52 -198 -368 -82 -200 -259 -479
Net Cash Flow -7 5 84 57 45 -43 32 -32 4 38 -27 22

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 21% 24% 25% 26% 25% 24% 25% 30% 31% 29% 27% 28%
Debtor Days 51 48 44 46 47 48 47 47 46 49 40 41
Inventory Turnover 3.27 3.39 3.35 3.37 3.13 3.20 3.64 3.46 2.73 2.76 2.96 2.66

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
74.99 74.99 74.99 74.98 75.00 75.00 74.99 74.99 74.99 74.99 74.98 74.98
5.36 5.28 5.18 5.55 5.54 6.16 7.96 7.78 11.72 11.38 11.53 11.24
9.00 9.12 9.10 8.26 8.05 7.28 6.81 6.83 3.02 3.72 3.69 4.02
10.65 10.61 10.73 11.21 11.41 11.56 10.24 10.40 10.27 9.91 9.80 9.75

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