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Berger Paints India Ltd

₹ 520-1.03%
16 Jan – close price
🔗bergerpaints.com•BSE: 509480•NSE: BERGEPAINT
Market Cap₹ 60,653 Cr.
Current Price₹ 520
High / Low₹ 605
Stock P/E58.3
Book Value₹ 49.0
Dividend Yield0.73 %
ROCE24.9 %
ROE20.0 %
Face Value₹ 1.00
Sales₹ 10,253 Cr.
OPM15.8 %
Mar Cap₹ 60,653 Cr.

ABOUT

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

KEY POINTS

Market PositionBerger Paints is the2nd Largest paint companyin India, the 4th Largest paint company in Asia, and the 7th Largest decorative paint company in the world.[1]

Also present in buckets:
Excellent ResultsRevenue GuidanceCapacity Expansion And ProductsJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Asian Paints2756.9065.77264305.050.901018.2320.458531.276.2825.7234378.1718.044018.77993.5913.5113.180.18
2.Berger Paints519.7558.3060653.070.73176.25-23.032458.471.1424.9010253.3015.781040.33176.2510.6113.530.08
3.Kansai Nerolac231.4328.7418711.601.08133.319.891954.180.1413.037854.7511.70651.00134.932.897.570.04
4.Akzo Nobel3088.8036.0614078.943.241682.70-14.84834.90-15.0141.663902.6014.63390.4783.376.2414.760.03
5.Indigo Paints1245.8040.905940.180.2825.535.85298.503.4519.511288.0518.06145.2525.535.4611.150.02
6.Sirca Paints489.0047.872772.880.3118.1036.30131.1724.3819.98435.0419.4057.9318.106.2712.270.10
7.Shalimar Paints69.35–579.780.00-14.1427.93133.81-7.55-12.80614.36-5.95-64.41-14.142.04-11.690.67
–Median: 10 Co.360.2240.94356.530.5221.827.87216.163.519.75951.215.21101.5921.824.3111.710.09

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
2,3742,4192,1892,7402,4402,5742,2492,8062,4312,5852,3472,8632,458
Expenses
2,0552,1081,8472,2262,0372,1451,9242,3232,0472,1671,9582,3632,147
Operating Profit
318311343514403430325484383417390499311
Other Income
1440131216161317176919-923
Profit before tax
257268263439327355246411308395318396235
Tax %
26%23%25%26%25%26%26%26%26%22%25%26%25%
Net Profit
191207196326244263182306229306237294176
EPS in Rs
1.641.781.682.802.092.261.562.621.962.632.032.521.51

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
3,2483,6553,8584,2254,7245,5165,6926,0217,7419,47110,00310,16910,253
Expenses
2,8583,1803,2503,6773,9804,6534,7344,9246,5588,1208,3318,4948,636
Operating Profit
3904756085497438639581,0971,1831,3501,6721,6761,618
Other Income
313436220472515141637357121103
Interest
3435178163533334386654849
Depreciation
58798898112165171186198234297318329
Profit before tax
3283965396636626879059191,0051,1031,3671,4311,343
Net Profit
2342663564444324366996817508281,0151,0781,013
EPS in Rs
2.012.283.063.813.713.746.005.846.437.118.719.248.69
Dividend Payout %
33%33%32%38%40%42%31%40%40%38%40%41%–

Compounded Sales Growth

10 Years:11%
5 Years:12%
3 Years:10%
TTM:2%

Compounded Profit Growth

10 Years:15%
5 Years:9%
3 Years:13%
TTM:6%

Stock Price CAGR

10 Years:13%
5 Years:-4%
3 Years:3%
1 Year:12%

Return on Equity

10 Years:22%
5 Years:21%
3 Years:21%
Last Year:20%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
69696997979797979797117117117
Reserves
1,0631,2231,5231,8162,0472,2582,5283,1823,6674,1984,8895,5645,592
Borrowings
303288671201434394423968311,059579492480
Other Liabilities
7267298531,0551,2181,2401,2761,6922,0312,0461,9972,0032,091
Total Liabilities
2,1612,3102,5123,0873,5054,0344,3435,3686,6267,4007,5828,1778,280
Fixed Assets
5486487048899151,2061,3861,5021,6452,7412,8822,9732,975
Gross Block
890.981,066.74786.551,058.331,195.001,563.861,865.752,113.152,330.313,641.114,002.064,287.59–
Accumulated Depreciation
342.56419.1082.46169.39279.67358.34479.52611.56685.59900.541,119.791,314.84–
CWIP
13288495687148168985697913080180
Investments
1872444155785315776487887447727971,0491,048
Other Assets
1,2931,3311,3441,5651,9712,1042,1402,9813,6683,8093,7724,0754,077
Total Assets
2,1612,3102,5123,0873,5054,0344,3435,3686,6267,4007,5828,1778,280

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
3373855363383995487936775309341,4831,119
Cash from Investing Activity
-304-169-222-264-169-345-234-459-549-659-296-543
Cash from Financing Activity
-93-186-346-73-195-237-530-183-5-284-1,092-585
Net Cash Flow
-5931-33235-342835-25-994-10

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
434344444638365139373640
Inventory Days
125106126155141140144184188146139150
Days Payable
9983116130140118125173149114108107
Cash Conversion Cycle
696654694760556278706784
Working Capital Days
111732353532274435274453
ROCE %
27%28%33%32%31%29%31%28%25%24%26%25%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
75.00%75.00%75.00%75.00%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%
FIIs
11.11%10.64%10.83%10.89%10.68%10.66%7.51%6.98%5.94%5.75%5.59%5.35%
DIIs
2.90%3.47%3.75%4.06%4.67%5.17%7.57%8.77%9.60%10.11%10.45%10.71%
Public
10.98%10.90%10.42%10.05%9.65%9.17%9.93%9.24%9.47%9.15%8.97%8.95%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Berger Paints India Limited to Consider FY 2025-26 Results and Dividend on May 12, 2026

1st April 2026, 4:34 pm

Berger Paints India receives ESG score of 63

6th March 2026, 9:50 pm

Rishab Special Yarns Publishes Postal Ballot Notice; Middle East Tensions May Impact Indian Markets

1st March 2026, 11:02 pm

Berger Paints Launches Special Window for Physical Share Re-Lodgement and Dematerialisation

25th February 2026, 5:08 pm

Berger Paints India Limited Announces Analyst/Institutional Investor Meeting with HDFC Asset Management

13th February 2026, 7:09 pm

Published by Other Websites

External media mentions & references

Nomura Picks Titan, Tata Consumer Amidst Rising Cost Pressures

2nd April 2026, 4:05 pm

FMCG Giants Eye 3-4% Price Hike in Q1 FY27 on Soaring Input Costs

2nd April 2026, 2:37 pm

Pharma Tumble, IndiGo Charges Hit Indian Markets

2nd April 2026, 1:11 pm

Paint Prices Rise Again as Crude Costs Climb, Competition Pressures Demand

31st March 2026, 7:02 pm

West Asia Conflict Fuels FMCG Cost Surge, Price Hikes Loom

27th March 2026, 8:41 pm

News Articles

Editorial & research coverage

Indian Earnings Mixed Amid Global Tech Jitters; NSDL Lock-in Expiry Looms
Indian Earnings Mixed Amid Global Tech Jitters; NSDL Lock-in Expiry Looms

5th February 2026, 7:44 am

FIIs Snap Sell-Off, Pour $438M into Consumer Stocks
FIIs Snap Sell-Off, Pour $438M into Consumer Stocks

13th January 2026, 9:51 am

Mixed Q3 for Building Materials; Wood Panels Lead Growth, Elara Says
Mixed Q3 for Building Materials; Wood Panels Lead Growth, Elara Says

6th January 2026, 2:23 pm

Nuvama's Q3 Consumer Forecast: Top Picks & Potential Slump Stocks Revealed!
Nuvama's Q3 Consumer Forecast: Top Picks & Potential Slump Stocks Revealed!

1st January 2026, 2:06 pm

India's Paint War Heats Up: New Giants Challenge Old Guard, Profit Margins Squeezed!
India's Paint War Heats Up: New Giants Challenge Old Guard, Profit Margins Squeezed!

27th December 2025, 9:05 am

Documents

Announcements

Disclosures under Reg. 10(7) of SEBI (SAST) Regulations, 2011

9 Jan - SEBI issued INR 177,000 invoice to U K Paints dated 07/01/2026 for SAST Regulation 10 fee.

Announcement Under Reg. 30 LODR - ESG Rating

9 Jan - NSE Sustainability assigned Berger Paints ESG score 64 for financial year 2025; BSE notified 8 Jan 2026.

Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011
Board Meeting Intimation for Unaudited Financial Results For The Quarter & Nine Months Ended On 31/12/2025

2 Jan - Board meeting on 5 Feb 2026 to approve unaudited quarterly and nine-month results for period ended 31 Dec 2025.

Announcement Under Reg 30 LODR (Action Intiated Or Order Passed)

31 Dec - Deputy Commissioner DGSTO-6 Bengaluru imposed tax ₹28,572, interest ₹22,790, penalty ₹40,000 on Dec 31, 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2012

(from nse)

Credit Ratings

Rating update

18 Sep 2025 from care

Rating update

28 Aug 2025 from crisil

Rating update

19 Sep 2024 from care

Rating update

30 Aug 2024 from crisil

Rating update

9 Oct 2023 from care

Rating update

29 Sep 2023 from crisil

Concalls

Nov 2025

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Stock Analysis

Description

  1. Berger Paints India Ltd is engaged in the manufacturing and selling of paints. It is the second-largest paint company in India, fourth largest in Asia, and seventh largest decorative paint company globally.

Key Growth Triggers

  1. Management anticipates demand improvement in the second half of FY26.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Q2 FY26 profitability was impacted by muted demand, an adverse product mix, and increased brand investments. An exceptional loss from a warehouse fire also affected Q1 FY26 net profit.

Key Dates To Watch

  1. Board meeting on February 5, 2026, to approve unaudited financial results for Q3 and nine months of FY26. SEBI payment made on January 7, 2026. Promoter stake sale occurred on December 29, 2025.

Corporate Announcements

1st Apr 26
Impact Rating: 1
No description available.
6th Mar 26
Impact Rating: 7
Berger Paints India has been assigned an Environmental, Social, and Governance (ESG) score of 63 by ESG Risk Assessments & Insights Limited, using recent disclosures and public data.
1st Mar 26
Impact Rating: -
No description available.
25th Feb 26
Impact Rating: -
No description available.
13th Feb 26
Impact Rating: 4
Berger Paints India Limited will participate in a meeting with HDFC Asset Management Company Limited on February 20, 2026, where no unpublished price sensitive information will be shared.