Berger Paints India Ltd (BERGEPAINT) — Share Price, Financials & Ratios

Key Fundamentals

MidcapPaintsConsumer Goods

Market Cap

₹63,605 Cr

Volatility

Moderate

P/E Ratio

55.7

EBITDA

₹1,780 Cr

Return on Equity

21.71%

Debt to Equity

0.12

Book Value

₹59.32

EPS

₹10.01

52W High

₹605

52W Low

₹391.1

Technical Indicators

Key Insights

Strengths

2

Company is almost debt free.
Company has been maintaining a healthy dividend payout of 38.0%

Weaknesses

2

Stock is trading at 8.94 times its book value
The company has delivered a poor sales growth of 11.8% over past five years.

Growth Rate

Revenue Growth

2.07% ↗

Net Income Growth

-5.84% ↘

Cash Flow Change

-20.24% ↘

ROE

-11.65% ↘

ROCE

-11.20% ↘

EBITDA Margin (Avg.)

-11.75% ↘

AI Analysis — Bull vs Bear

anthropic

claude-opus-4.6 3d ago

HOLD

Risk medium

Berger Paints is a high-quality, almost debt-free compounder trading at a PE of 52.2x and 9.28x book value, which leaves little margin of safety. With TTM sales growth slowing to 3% and stock CAGR of 0% over 3 years, the current valuation demands re-acceleration in earnings that is yet to materialize.

Bull Case 8

Company is almost debt free, providing strong balance sheet resilience and flexibility for future capex or acquisitions
Consistent long-term ROE of 21% over 5 and 10 years demonstrates durable competitive advantages and pricing power in decorative paints
Healthy dividend payout ratio of 38.0% signals shareholder-friendly capital allocation despite being in a growth sector
10-year compounded profit growth of 12% shows the company has reliably compounded earnings over a full business cycle
10-year stock CAGR of 13% indicates long-term wealth creation track record for patient investors
45.45% of analysts rate the stock a Buy (10 out of 22 ratings), reflecting majority positive sentiment
Market cap of Rs 61,093 crore provides institutional liquidity and index inclusion benefits
5-year compounded sales growth of 12% shows the company scaled well through the post-COVID housing and renovation boom

Bear Case 8

PE ratio of 52.2x is significantly above the sector median, pricing in growth that TTM numbers of 0% profit growth do not support
Stock is trading at 9.28x book value, leaving substantial downside risk if re-rating occurs
TTM sales growth has decelerated sharply to just 3%, down from 12% five-year CAGR, indicating demand slowdown
3-year stock CAGR of 0% means shareholders have earned no capital appreciation for three years despite broader market rallies
5-year stock CAGR is negative at -4%, implying persistent valuation compression over a meaningful holding period
Last year ROE declined to 18% from the 5-year average of 21%, suggesting margin or turnover pressure
22.73% of analysts (5 out of 22) rate the stock a Sell, a notable bearish minority for a quality compounder
Dividend yield of just 0.75% offers minimal income cushion while investors wait for growth to reaccelerate

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

anthropic

claude-opus-4.6 14h ago

Positives 1

₹4 dividend for FY26 Jun 24

Berger Paints fixed August 5, 2026, as record date for a ₹4 per share dividend recommended for FY26. AGM scheduled for August 12, 2026.

Neutral 4

Trading window closed for Q1FY27 Jun 23

Trading window closed from July 1, 2026, until 48 hours after board meeting for Q1FY27 results, per SEBI regulations.
No encumbrance on promoter shares Jun 15

Promoter group confirmed zero encumbrance on shares for FY26 under SEBI Takeover Regulations.
TDS on dividend communicated Jun 9

Company informed shareholders about tax deduction at source on dividend under Income Tax Act provisions.
Investor meet on June 9 Jun 1

CFO and finance head attended an ICICI Securities-organized investor meet in Mumbai on June 9, 2026.

TL;DR: A quiet period for Berger Paints with no operational or earnings news — all updates are routine corporate governance and compliance filings. The ₹4 per share dividend signals stable capital return to shareholders. No visible headwinds from recent disclosures, though lack of business updates leaves near-term growth visibility limited ahead of Q1FY27 results.

Quarterly Results

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	2,444	3,030	2,767	2,882	2,520	3,091	2,775	2,975	2,704	3,201	2,827	2,984	2,868
Expenses	2,097	2,473	2,294	2,402	2,169	2,569	2,340	2,503	2,276	2,672	2,475	2,513	2,386
Operating Profit	347	557	474	480	351	522	434	472	428	528	352	471	482
OPM %	14%	18%	17%	17%	14%	17%	16%	16%	16%	17%	12%	16%	17%
Other Income	15	17	19	20	48	46	30	27	26	3	37	-5	69
Interest	29	20	21	20	18	15	17	16	15	14	17	14	12
Depreciation	74	78	83	83	87	87	89	89	89	94	97	100	101
PBT	258	476	389	398	294	466	358	394	350	423	275	352	438
Tax %	28%	25%	25%	25%	24%	24%	25%	25%	25%	25%	25%	23%	24%
Net Profit	186	355	292	300	223	354	270	296	263	315	206	271	335
EPS in Rs	1.59	3.04	2.5	2.57	1.91	3.03	2.31	2.53	2.25	2.7	1.77	2.33	2.87

Show % Change

Figures in ₹ Crores

Profit & Loss

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	4,170	4,223	4,552	5,166	6,062	6,366	6,818	8,762	10,568	11,199	11,545	11,880
Expenses	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%
Other Income	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
PBT	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%
Net Profit	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
Div. Payout %	33%	31%	36%	38%	37%	32%	38%	36%	36%	35%	38%	41%

Show % Change

Figures in ₹ Crores

Balance Sheet

	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
Borrowings	610	354	406	422	753	767	634	1,014	1,189	753	670	635
Other Liabilities	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
Fixed Assets	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
Other Assets	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

Show % Change

Figures in ₹ Crores

Cash Flow

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating	414	595	394	422	611	725	796	566	976	1,591	1,269	1,540
Investing	-184	-259	-308	-183	-379	-223	-457	-521	-600	-398	-650	-976
Financing	-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

Show % Change

Figures in ₹ Crores

Ratios

	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%

Show % Change

Shareholding Pattern

	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	74.98%	74.98%	74.99%	74.99%	74.99%	74.99%	74.99%	75.00%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.98%	74.98%	74.98%	74.98%	74.98%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.89%	0.00%	10.66%	7.51%	6.98%	5.94%	5.75%	5.60%	5.35%	5.25%	4.68%
DIIs	3.85%	3.92%	3.82%	3.48%	3.22%	3.37%	2.94%	2.93%	3.46%	3.75%	4.07%	4.45%	5.18%	7.58%	8.79%	9.61%	10.11%	10.45%	10.71%	11.08%	11.71%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	7.04%	7.03%	7.24%	7.50%	7.63%	7.73%	7.95%	8.22%	8.11%	7.61%	7.14%	6.81%	6.34%	7.02%	6.58%	6.78%	6.39%	6.34%	6.28%	6.05%	6.09%
Others	14.13%	14.06%	13.95%	14.03%	14.16%	13.91%	14.12%	13.85%	13.43%	13.64%	2.92%	13.75%	2.83%	2.90%	2.66%	2.68%	2.77%	2.63%	2.68%	2.63%	2.54%
No. of Shareholders	0	1,63,936	1,86,884	2,60,652	3,16,113	3,53,821	3,84,669	4,04,957	4,28,448	3,93,970	3,99,714	3,92,656	3,71,411	4,24,374	3,73,110	3,92,176	3,78,309	3,53,795	3,43,496	3,23,008	3,26,701

Show % Change

Documents

1

Concall - Jun 2017 Jun 2017

PPT

2

Concall - Aug 2017 Aug 2017

PPT

3

Concall - Nov 2017 Nov 2017

PPT

4

Concall - Feb 2018 Feb 2018

PPT

5

Concall - Feb 2018 Feb 2018

PPT

Frequently Asked Questions about Berger Paints India Ltd

What does Berger Paints India Ltd do?

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

Where is Berger Paints India Ltd (BERGEPAINT) listed?

Berger Paints India Ltd is listed on the Indian stock exchanges. It is listed on NSE: BERGEPAINT and BSE: 509480. You can view its live share price, financials, and ratios on Tapetide.

Which sector does Berger Paints India Ltd belong to?

Berger Paints India Ltd operates in the Consumer Discretionary sector within the Consumer Durables industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.

What is the market capitalisation of Berger Paints India Ltd?

Berger Paints India Ltd has a market capitalisation of approximately ₹63605.45 Cr. Based on this, it is classified as a Large Cap stock.

What is the PE ratio of Berger Paints India Ltd?

The Price-to-Earnings (PE) ratio of Berger Paints India Ltd is 55.70. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.

What is the 52-week high and low of Berger Paints India Ltd?

Over the past 52 weeks, Berger Paints India Ltd has traded between a low of ₹391.1 and a high of ₹605. This range helps investors understand the stock's price volatility and recent trading levels.

Does Berger Paints India Ltd pay dividends?

Yes, Berger Paints India Ltd has a dividend yield of 0.72%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.

What is the Return on Equity (ROE) of Berger Paints India Ltd?

Berger Paints India Ltd has a Return on Equity (ROE) of 21.71%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.

How can I research Berger Paints India Ltd on Tapetide?

On Tapetide, you can view Berger Paints India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.