Berger Paints India Ltd logo

Berger Paints India Ltd

BERGEPAINT NSE

Key Fundamentals

MidcapPaintsConsumer Goods
Market Cap
₹62,830 Cr
Volatility
Moderate
P/E Ratio
50.82
EBITDA
₹1,940 Cr
Return on Equity
16.28%
Debt to Equity
0.09
Book Value
₹59.32
EPS
₹10.01
52W High
₹594.55
52W Low
₹391.1

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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53 extracted metrics + investor summaries across FY01–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

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
2.98% ↘
Net Income Growth
-4.63% ↘
Cash Flow Change
21.35% ↗
ROE
-15.12% ↘
ROCE
-14.65% ↘
EBITDA Margin (Avg.)
-3.46% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Berger Paints India Ltd is a nearly debt-free company with a market cap of ₹62,253 crore, trading at a PE of 55.2x and 9x book value. Sales growth has moderated to 5% TTM after a 5-year CAGR of 12%, while ROE has declined from a 10-year average of 21% to 17% in the last year, and the stock has delivered negative returns over 1, 3, and 5-year periods.

Bull Case 7
  • Company is almost debt-free, providing financial flexibility and low interest cost burden
  • Consistent dividend payout of 38.0% demonstrates shareholder-friendly capital allocation
  • 10-year compounded profit growth of 12% indicates sustained long-term earnings expansion
  • 10-year stock CAGR of 11% reflects long-term wealth creation track record
  • 5-year ROE average of 20% and 10-year average of 21% show durable return on equity generation
  • 5-year compounded profit growth of 10% outpaces 5-year sales growth of 12%, suggesting margin improvement over time
  • 10-year sales CAGR of 11% demonstrates consistent top-line scaling over a full business cycle
Bear Case 8
  • PE of 55.2x is significantly elevated, leaving limited margin of safety if growth disappoints
  • Price-to-book of 9.19x is expensive relative to the sector, pricing in substantial future growth
  • TTM sales growth has decelerated sharply to just 5%, down from 12% five-year CAGR
  • ROE has declined from 20-21% historical average to 17% in the last year, indicating deteriorating capital efficiency
  • Stock has delivered -5% returns over 1 year and -2% CAGR over 3 years, showing sustained underperformance
  • 3-year compounded sales growth of only 4% suggests structural slowdown in volume/value growth
  • Dividend yield of 0.76% provides minimal income cushion against capital erosion at current valuations
  • 5-year stock CAGR of -5% indicates the market has been de-rating the stock despite profit growth of 10% over the same period

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

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 1
  • Crude-based raw material inflation Aug 5

    Q1FY27 results noted headwinds from crude-based raw material inflation, though EBITDA still expanded 15% to ₹607.40 crore despite the cost pressure.

Positives 3
  • Q1FY27 profit surges 29% Aug 5

    Consolidated net profit rose 28.6% to ₹405.01 crore and revenue increased 12% to ₹3,583.75 crore in Q1FY27, led by decorative and automotive segments.

  • Double-digit revenue growth guided Aug 6

    Management guided for improved EBITDA margins and sustained double-digit revenue growth in FY27, reflecting confidence in demand conditions and operational efficiency.

  • EBITDA up 15% to ₹607 cr Aug 5

    EBITDA expanded 15% to ₹607.40 crore in Q1FY27, indicating margin resilience despite input cost headwinds.

Neutral 3
  • Q1FY27 earnings call on Aug 5 Jul 27

    Berger Paints hosted an investor conference call on August 5, 2026 to discuss unaudited financial results for the quarter ended June 30, 2026.

  • 102nd AGM set for Aug 12 Jul 22

    Berger Paints announced its 102nd AGM on August 12, 2026 via video conferencing and released the FY 2025-26 Integrated Annual Report.

  • BRSR filed for FY26 Jul 21

    Berger Paints filed its Business Responsibility and Sustainability Report for FY 2025-26, disclosing Scope 1 and 2 emissions and waste management data.

TL;DR: Berger Paints delivered a strong Q1FY27 with 29% profit growth and 12% revenue growth, supported by decorative and automotive segments. Management has guided for double-digit revenue growth and better EBITDA margins in FY27. The key risk is crude-based raw material inflation, though margins have held up well so far. The trend is improving with clear operational momentum heading into Q2.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
3,030
2,767
2,882
2,520
3,091
2,775
2,975
2,704
3,201
2,827
2,984
2,868
3,584
Expenses
2,473
2,294
2,402
2,169
2,569
2,340
2,503
2,276
2,672
2,475
2,513
2,386
2,976
Operating Profit
557
474
480
351
522
434
472
428
528
352
471
482
607
OPM %
18%
17%
17%
14%
17%
16%
16%
16%
17%
12%
16%
17%
17%
Other Income
17
19
20
48
46
30
27
26
3
37
-5
69
51
Interest
20
21
20
18
15
17
16
15
14
17
14
12
12
Depreciation
78
83
83
87
87
89
89
89
94
97
100
101
103
PBT
476
389
398
294
466
358
394
350
423
275
352
438
543
Tax %
25%
25%
25%
24%
24%
25%
25%
25%
25%
25%
23%
24%
25%
Net Profit
355
292
300
223
354
270
296
263
315
206
271
335
405
EPS in Rs
3.04
2.5
2.57
1.91
3.03
2.31
2.53
2.25
2.7
1.77
2.33
2.87
3.47
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
12,263
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
10,351
Operating Profit
511
645
719
807
935
1,053
1,182
1,331
1,478
1,861
1,856
1,833
1,912
OPM %
12%
15%
16%
16%
15%
17%
17%
15%
14%
17%
16%
15%
16%
Other Income
36
40
108
46
60
69
51
68
48
105
129
104
152
Interest
50
27
16
25
47
47
44
51
99
78
63
58
56
Depreciation
92
99
108
124
182
191
211
227
264
331
354
392
401
PBT
404
559
703
705
765
883
979
1,122
1,162
1,557
1,568
1,488
1,608
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
1,218
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
10.44
Div. Payout %
33%
31%
36%
38%
37%
32%
38%
36%
36%
35%
38%
41%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
2,484
Total Liabilities
2,716
2,877
3,440
3,943
4,557
4,900
5,918
7,211
7,966
8,368
9,125
10,035
Fixed Assets
931
963
1,136
1,267
1,583
1,916
2,044
2,187
3,332
3,500
3,677
3,841
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
4,689
Total Assets
2,716
2,877
3,440
3,943
4,557
4,900
5,918
7,211
7,966
8,368
9,125
10,035
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
-974
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
-47
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
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
144
Days Payable
81
99
124
133
112
118
161
139
108
103
105
105
Cash Conversion Cycle
70
56
75
56
67
65
67
83
77
73
86
87
Working Capital Days
17
26
33
37
31
28
43
34
31
46
53
49
ROCE %
25%
30%
31%
29%
27%
28%
27%
26%
24%
28%
25%
22%

Shareholding Pattern

As of Jun 2026
Promoters 74.98%
DIIs 11.79%
Public 5.91%
FIIs 4.83%
Others 2.49%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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%
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%
4.83%
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%
11.79%
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%
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%
5.91%
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%
2.49%
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
3,12,571

Documents

1
Concall - Jun 2017 Jun 2017
2
Concall - Aug 2017 Aug 2017
3
Concall - Nov 2017 Nov 2017
4
Concall - Feb 2018 Feb 2018
5
Concall - Feb 2018 Feb 2018

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 Goods sector within the Paints 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 ₹62830.06 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 50.82. 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 ₹594.55. 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 0.74%. 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 16.28%. 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.

Company Information

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

Website bergerpaints.com
CEO Mr. Abhijit Roy
Employees 4,760
Listed 1999-11-24
Face Value ₹ 1
Issued Size 1,16,59,27,190

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