Berger Paints India Ltd
Berger Paints India is engaged in the Manufacturing and selling of Paints.(Source : 201903 Annual Report Page No: 117)
- Market Cap ₹ 51,856 Cr.
- Current Price ₹ 445
- High / Low ₹ 630 / 439
- Stock P/E 53.0
- Book Value ₹ 44.0
- Dividend Yield 0.79 %
- ROCE 26.1 %
- ROE 21.7 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 39.3%
Cons
- Stock is trading at 10.1 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Paints/Varnish Industry: Paints / Varnishes
Part of Nifty MidSmallcap 400 Nifty200 Quality 30 BSE 400 MidSmallCap Index Nifty LargeMidcap 250 BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,906 | 3,248 | 3,655 | 3,858 | 4,225 | 4,724 | 5,516 | 5,692 | 6,021 | 7,741 | 9,471 | 10,003 | 10,060 | |
2,569 | 2,858 | 3,180 | 3,250 | 3,677 | 3,980 | 4,653 | 4,734 | 4,924 | 6,558 | 8,120 | 8,331 | 8,438 | |
Operating Profit | 336 | 390 | 475 | 608 | 549 | 743 | 863 | 958 | 1,097 | 1,183 | 1,350 | 1,672 | 1,622 |
OPM % | 12% | 12% | 13% | 16% | 13% | 16% | 16% | 17% | 18% | 15% | 14% | 17% | 16% |
31 | 31 | 34 | 36 | 220 | 47 | 25 | 151 | 41 | 63 | 73 | 57 | 64 | |
Interest | 28 | 34 | 35 | 17 | 8 | 16 | 35 | 33 | 33 | 43 | 86 | 65 | 55 |
Depreciation | 46 | 58 | 79 | 88 | 98 | 112 | 165 | 171 | 186 | 198 | 234 | 297 | 311 |
Profit before tax | 293 | 328 | 396 | 539 | 663 | 662 | 687 | 905 | 919 | 1,005 | 1,103 | 1,367 | 1,320 |
Tax % | 28% | 29% | 33% | 34% | 33% | 35% | 37% | 23% | 26% | 25% | 25% | 26% | |
210 | 234 | 266 | 356 | 444 | 432 | 436 | 699 | 681 | 750 | 828 | 1,015 | 979 | |
EPS in Rs | 1.80 | 2.01 | 2.28 | 3.06 | 3.81 | 3.71 | 3.74 | 6.00 | 5.84 | 6.43 | 7.11 | 8.71 | 8.40 |
Dividend Payout % | 30% | 33% | 33% | 32% | 38% | 40% | 42% | 31% | 40% | 40% | 38% | 40% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 13% |
3 Years: | 18% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 18% |
3 Years: | 14% |
TTM: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 1% |
3 Years: | -11% |
1 Year: | -24% |
Return on Equity | |
---|---|
10 Years: | 22% |
5 Years: | 22% |
3 Years: | 21% |
Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 69 | 69 | 69 | 69 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 117 | 117 |
Reserves | 915 | 1,063 | 1,223 | 1,523 | 1,816 | 2,047 | 2,258 | 2,528 | 3,182 | 3,667 | 4,198 | 4,889 | 5,017 |
303 | 303 | 288 | 67 | 120 | 143 | 439 | 442 | 396 | 831 | 1,059 | 579 | 590 | |
551 | 726 | 729 | 853 | 1,055 | 1,218 | 1,240 | 1,276 | 1,692 | 2,031 | 2,046 | 1,997 | 2,169 | |
Total Liabilities | 1,839 | 2,161 | 2,310 | 2,512 | 3,087 | 3,505 | 4,034 | 4,343 | 5,368 | 6,626 | 7,400 | 7,582 | 7,893 |
322 | 548 | 648 | 704 | 889 | 915 | 1,206 | 1,386 | 1,502 | 1,645 | 2,741 | 2,882 | 2,848 | |
CWIP | 171 | 132 | 88 | 49 | 56 | 87 | 148 | 168 | 98 | 569 | 79 | 130 | 159 |
Investments | 91 | 187 | 244 | 415 | 578 | 531 | 577 | 648 | 788 | 744 | 772 | 797 | 774 |
1,255 | 1,293 | 1,331 | 1,344 | 1,565 | 1,971 | 2,104 | 2,140 | 2,981 | 3,668 | 3,809 | 3,772 | 4,112 | |
Total Assets | 1,839 | 2,161 | 2,310 | 2,512 | 3,087 | 3,505 | 4,034 | 4,343 | 5,368 | 6,626 | 7,400 | 7,582 | 7,893 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
177 | 337 | 385 | 536 | 338 | 399 | 548 | 793 | 677 | 530 | 934 | 1,483 | |
-193 | -304 | -169 | -222 | -264 | -169 | -345 | -234 | -459 | -549 | -659 | -296 | |
62 | -93 | -186 | -346 | -73 | -195 | -237 | -530 | -183 | -5 | -284 | -1,092 | |
Net Cash Flow | 46 | -59 | 31 | -33 | 2 | 35 | -34 | 28 | 35 | -25 | -9 | 94 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 41 | 43 | 43 | 44 | 44 | 46 | 38 | 36 | 51 | 39 | 37 | 36 |
Inventory Days | 128 | 125 | 106 | 126 | 155 | 141 | 140 | 144 | 184 | 188 | 146 | 139 |
Days Payable | 77 | 99 | 83 | 116 | 130 | 140 | 118 | 125 | 173 | 149 | 114 | 108 |
Cash Conversion Cycle | 92 | 69 | 66 | 54 | 69 | 47 | 60 | 55 | 62 | 78 | 70 | 67 |
Working Capital Days | 56 | 46 | 45 | 38 | 45 | 46 | 48 | 44 | 57 | 62 | 56 | 50 |
ROCE % | 28% | 27% | 28% | 33% | 32% | 31% | 29% | 31% | 28% | 25% | 24% | 26% |
Documents
Announcements
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
9 Dec - Reporting reduction of holding in Berger Paints.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
13 Nov - Schedule of Analyst/Institutional Investor meeting on 19th November.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
11 Nov - Transcript of investor presentation on Q2 results.
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Announcement Under Reg. 30 LODR - Recordings Of Earning Call
5 Nov - Audio recording of investor presentation on financial results.
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Announcement Under Regulation 30 LODR - Updates
5 Nov - Investor presentation on Q2 FY25 financial results.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
from bse
Concalls
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT REC
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May 2023Transcript PPT
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Nov 2021TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Aug 2016TranscriptNotesPPT
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Jun 2016TranscriptNotesPPT
Market Position
Berger Paints is the 2nd Largest paint company in India, the 4th Largest paint company in Asia, and the 7th Largest decorative paint company in the world. [1]