Berger Paints India Ltd
BERGEPAINTBerger Paints India Ltd
BERGEPAINTPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
How to use scorecard? Learn more
Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
48.70 | 10.35 | 0.73% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
31.00 | 3.52 | 1.32% |
Forecast & Ratings
Detailed Forecast from 16 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Berger Paints India Limited is engaged in the manufacture of paints and varnishes, enamels or lacquers.
Get more out of Tickertape, Go Pro!
Customise key metrics, see detailed forecasts, download stock data and more
Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 4,263.47 | 4,661.04 | 5,212.24 | 6,121.89 | 6,434.34 | 6,869.08 | 8,830.23 | 10,619.41 | 11,303.62 | 11,411.88 | ||||||||||
Raw Materials | 2,489.81 | 2,357.66 | 2,730.63 | 3,426.09 | 3,306.65 | 3,579.29 | 5,124.60 | 6,065.60 | 5,804.34 | 9,480.22 | ||||||||||
Power & Fuel Cost | 42.15 | 43.79 | 48.27 | 59.13 | 58.54 | 56.47 | 68.13 | 83.27 | 88.32 | |||||||||||
Employee Cost | 273.50 | 306.72 | 356.58 | 408.51 | 452.50 | 485.14 | 543.12 | 609.19 | 713.03 | |||||||||||
Selling & Administrative Expenses | 311.52 | 366.44 | 368.28 | 273.90 | 430.78 | 483.61 | 501.77 | 606.95 | 794.34 | |||||||||||
Operating & Other expenses | 461.38 | 759.08 | 854.98 | 959.59 | 1,064.66 | 1,030.71 | 1,193.09 | 1,728.80 | 1,937.57 | |||||||||||
EBITDA | 685.11 | 827.35 | 853.50 | 994.67 | 1,121.21 | 1,233.86 | 1,399.52 | 1,525.60 | 1,966.02 | 1,931.66 | ||||||||||
Depreciation/Amortization | 98.65 | 108.05 | 124.21 | 182.27 | 191.01 | 211.14 | 226.51 | 264.03 | 330.88 | 345.99 | ||||||||||
PBIT | 586.46 | 719.30 | 729.29 | 812.40 | 930.20 | 1,022.72 | 1,173.01 | 1,261.57 | 1,635.14 | 1,585.67 | ||||||||||
Interest & Other Items | 27.28 | 16.22 | 24.55 | 47.24 | 47.04 | 44.10 | 50.72 | 99.23 | 78.25 | 69.64 | ||||||||||
PBT | 559.18 | 703.08 | 704.74 | 765.16 | 883.16 | 978.62 | 1,122.29 | 1,162.34 | 1,556.89 | 1,516.03 | ||||||||||
Taxes & Other Items | 188.62 | 229.42 | 243.91 | 270.86 | 225.35 | 258.87 | 289.47 | 302.92 | 389.15 | 371.06 | ||||||||||
Net Income | 370.56 | 473.66 | 460.83 | 494.30 | 657.81 | 719.75 | 832.82 | 859.42 | 1,167.74 | 1,144.97 | ||||||||||
EPS | 3.18 | 4.07 | 3.95 | 4.24 | 5.64 | 6.18 | 7.15 | 7.37 | 10.02 | 9.82 | ||||||||||
DPS | 0.98 | 1.46 | 1.50 | 1.58 | 1.83 | 2.33 | 2.58 | 2.67 | 3.50 | 3.50 | ||||||||||
Payout ratio | 0.31 | 0.36 | 0.38 | 0.37 | 0.32 | 0.38 | 0.36 | 0.36 | 0.35 | 0.36 |
Company Updates
Annual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFAnnual report
PDFPeers & Comparison
MaterialsPaints
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Berger Paints India Ltd | 47.75 | 10.35 | 0.73% |
Asian Paints Ltd | 43.18 | 12.14 | 1.35% |
Kansai Nerolac Paints Ltd | 18.98 | 4.02 | 1.35% |
Indigo Paints Ltd | 46.64 | 7.62 | 0.24% |
Price Comparison
Compare BERGEPAINT with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Berger Paints India Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
SBI FUNDS MANAGEMENT PVT LTD#SBI MF-SBI MAGNUM MIDCAP FUND DIRECT PL GROWTH Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7565% | Percentage of the fund’s portfolio invested in the stock 1.97% | Change in the portfolio weight of the stock over the last 3 months 0.11% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 48/82 (+1) |
SBI Large & Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5460% | Percentage of the fund’s portfolio invested in the stock 1.04% | Change in the portfolio weight of the stock over the last 3 months 0.18% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 58/85 (+9) |
UTI Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.4835% | Percentage of the fund’s portfolio invested in the stock 1.03% | Change in the portfolio weight of the stock over the last 3 months -0.14% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 21/69 (-1) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
Increasing Dividends
BERGEPAINT has increased dividends consistently over the last 5 years
Dividend Yield
Current dividend yield is 0.73%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹7.32 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 5, 2024
Dividend/Share
₹3.50
Ex DateEx Date
Aug 5, 2024
Cash Dividend
Ex DateEx DateAug 4, 2023
Dividend/Share
₹3.20
Ex DateEx Date
Aug 4, 2023
Cash Dividend
Ex DateEx DateAug 18, 2022
Dividend/Share
₹3.10
Ex DateEx Date
Aug 18, 2022
Cash Dividend
Ex DateEx DateAug 18, 2021
Dividend/Share
₹2.80
Ex DateEx Date
Aug 18, 2021
Cash Dividend
Ex DateEx DateSep 17, 2020
Dividend/Share
₹0.30
Ex DateEx Date
Sep 17, 2020
Revenue from operations rose marginally to Rs 2,774.61 crore in Q2 FY25 as against Rs 2,767.30 crore posted in Q2 FY24. Profit before tax for Q2 FY25 was at Rs 358.15 crore, down 7.88% on year on year basis. EBITDA slipped 8.33% to Rs 434.2 crore in Q2 FY25 as against Rs 473.7 crore posted in Q2 FY24. During the quarter, operating profit margin was within guidance level of 15% to 17%. On standalone basis, the company's net profit declined 6.11% to Rs 228.98 crore on 0.37% fell in revenue from operations to Rs 2,430.70 crore in Q2 FY25 over Q2 FY24. On half year basis, the company's consolidated net profit declined 3.52% to Rs 623.22 crore on 1.18% rise in revenue from operations to Rs 5,865.62 crore in H1 FY25 over H1 FY24. Abhijit Roy, managing director & CEO of Berger Paints India, The extended monsoons, adverse weather & flooding in some key markets made this a tough quarter although we saw strong traction towards the quarter end. This resulted in an almost flat quarterly revenue performance and moderate single digit growth on volume terms. On the profitability front this quarter saw one of the highest levels of gross margins in the last 10 quarters and our operating margin remained within guidance levels in spite of the continued investments that the company made in branding, advertisement and manpower to strengthen our market presence. Though the quarter numbers were muted, we expect that the second half of the year will be better in terms of revenue and profitability. We continued to do well in the focus segments of the Company, especially water proofing, construction chemicals, wood coatings and the premium plus coating segments. In addition, the company saw a healthy improvement in its network on the back of installation of 3,804 new colorbank tinting machines upto September, 2024. The mass volume range products however suffered reduced demand due to inclement weather leading to the muted numbers reported for the quarter. Operating profit for the quarter, while healthy, had a negative growth rate. Three factors contributed to this, (a) scale effect, (b) our investment in new manpower and (c) increased investment in advertising and brand building activities for our differentiated products. On the international front, our Polish operations continued to do well. However, there was a one-time set-off in projects which has impacted profitability this quarter. Nepal continued to be challenging, but in October 24, Nepal registered a double digit revenue growth after almost a year and we expect a turnaround in their figures going forward We remain optimistic for H2 on the back of the reversal of the price decrease impact and the improving market demand. Berger Paints India is engaged in retail, decorative and industrial painting solutions. Shares of Berger Paints rose 0.48% to currently trade at Rs 515.50 on the BSE.Powered by Capital Market - Live
Net profit of Berger Paints India declined 7.54% to Rs 269.66 crore in the quarter ended September 2024 as against Rs 291.64 crore during the previous quarter ended September 2023. Sales rose 0.26% to Rs 2774.61 crore in the quarter ended September 2024 as against Rs 2767.30 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2774.612767.30 0 OPM %15.6517.12 - PBDT447.13471.68 -5 PBT358.15388.81 -8 NP269.66291.64 -8 Powered by Capital Market - Live
Berger Paints India will hold a meeting of the Board of Directors of the Company on 5 November 2024.Powered by Capital Market - Live
Berger Paints India announced that Naresh Gujral (DIN: 00028444) has of ceased to be a Non-Executive, Independent Director on the Board of Directors of the Company with effect from 20 August 2024 on completion of his second consecutive term. Powered by Capital Market - Live
Revenue from operations stood at Rs 3091.01 crore in the June quarter, up 2.03% from Rs 3029.51 crore recorded in Q1 FY24. Profit before tax for Q1 FY25 was at Rs 465.98 crore, down 2.14% on year on year basis. EBITDA slipped 6.17% to Rs 522.41 crore in Q1 FY25 as against Rs 556.75 crore posted in Q1 FY24. EBITDA margin reduced to 16.9% in Q1 FY25 as compared to 18.4 % registered in the corresponding quarter previous year. On standalone basis, the company's net profit declined 6.37% to Rs 305.52 crore despite of 2.43% increase in revenue to Rs 2,806.31 crore in Q1 FY25 over Q1 FY24. Abhijit Roy, managing director & CEO of Berger Paints India, said, This quarter was tough due to elections, inclement weather and slowdown in a few key markets. In spite of this we were able to deliver double digit volume growth and the highest market share gain in a single quarter. Though we did well on the volume growth front, the value sales were lower due to the impact of the price drop taken in the prior quarters and stronger sale seen in the high volume, low value products 1 in the waterproofing and construction chemicals category. Profitability for the quarter, while healthy, had negative growth. Three factors contributed to this, among them being the base effect of a very high margin recorded in QI FY24, impact of price reductions in prior quarters and an increased investment in advertising and brand building activities linked to elections. We continue to register robust growth in waterproofing, construction chemicals and wood coating segments. The industrial segment had a muted performance in April and May but saw revival from June onwards which bodes well for us in the months ahead. On the international front, our Polish operations continued to do well while our operations in Nepal continues to be a challenge. We are now starting to see some signs of improvement in Nepal. Berger Paints India is engaged in retail, decorative and industrial painting solutions. Shares of Berger Paints gained 2.59% to end Rs 531.55 on the BSE. Powered by Capital Market - Live
Net profit of Berger Paints India declined 0.22% to Rs 353.56 crore in the quarter ended June 2024 as against Rs 354.35 crore during the previous quarter ended June 2023. Sales rose 2.03% to Rs 3091.01 crore in the quarter ended June 2024 as against Rs 3029.51 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales3091.013029.51 2 OPM %16.9018.38 - PBDT553.19554.39 0 PBT465.98476.18 -2 NP353.56354.35 0 Powered by Capital Market - Live
Stock to buy today: Berger Paints India (₹552.6)
Q1 results this week: LIC, Airtel, Vedanta, Eicher Motors, Tata Power and others
Paint stocks jump after price hikes by industry leaders
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 13.05%, vs industry avg of 12.54%
Decreasing Market Share
Over the last 5 years, market share decreased from 19.67% to 19.55%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 18.76%, vs industry avg of 20.29%