Berger Paints India Ltd

Berger Paints Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Berger Paints India Ltd

₹ 467 -1.93%
21 Nov 4:00 p.m.
bergerpaints.com BSE: 509480 NSE: BERGEPAINT
About

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

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 54,448 Cr.
  • Current Price ₹ 467
  • High / Low ₹ 630 / 439
  • Stock P/E 47.6
  • Book Value ₹ 48.0
  • Dividend Yield 0.75 %
  • ROCE 27.5 %
  • ROE 23.5 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 35.8%

Cons

  • Stock is trading at 9.74 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 500 Nifty LargeMidcap 250 Nifty100 ESG Nifty200 Quality 30 Nifty 500 Multicap 50:25:25

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
2,225 2,551 2,188 2,760 2,671 2,694 2,444 3,030 2,767 2,882 2,520 3,091 2,775
1,871 2,159 1,841 2,355 2,307 2,344 2,097 2,473 2,294 2,402 2,169 2,569 2,340
Operating Profit 354 392 346 405 364 350 347 557 474 480 351 522 434
OPM % 16% 15% 16% 15% 14% 13% 14% 18% 17% 17% 14% 17% 16%
13 15 24 17 16 13 15 17 19 20 48 46 30
Interest 13 14 15 16 24 30 29 20 21 20 18 15 17
Depreciation 56 56 60 63 62 64 74 78 83 83 87 87 89
Profit before tax 298 337 296 342 293 269 258 476 389 398 294 466 358
Tax % 27% 25% 26% 26% 25% 25% 28% 25% 25% 25% 24% 24% 25%
219 253 220 254 220 201 186 355 292 300 223 354 270
EPS in Rs 1.88 2.17 1.89 2.17 1.88 1.72 1.59 3.04 2.50 2.57 1.91 3.03 2.31
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
3,227 3,732 4,170 4,223 4,552 5,166 6,062 6,366 6,818 8,762 10,568 11,199 11,268
2,856 3,300 3,659 3,578 3,833 4,359 5,127 5,313 5,635 7,431 9,090 9,338 9,480
Operating Profit 371 431 511 645 719 807 935 1,053 1,182 1,331 1,478 1,861 1,788
OPM % 12% 12% 12% 15% 16% 16% 15% 17% 17% 15% 14% 17% 16%
31 36 36 40 108 46 60 69 51 68 48 105 144
Interest 38 47 50 27 16 25 47 47 44 51 99 78 70
Depreciation 57 71 92 99 108 124 182 191 211 227 264 331 346
Profit before tax 308 350 404 559 703 705 765 883 979 1,122 1,162 1,557 1,516
Tax % 29% 29% 34% 34% 33% 35% 35% 26% 26% 26% 26% 25%
218 249 265 371 474 461 494 656 720 833 860 1,170 1,147
EPS in Rs 1.88 2.14 2.27 3.18 4.07 3.95 4.24 5.64 6.17 7.14 7.37 10.02 9.82
Dividend Payout % 29% 31% 33% 31% 36% 38% 37% 32% 38% 36% 36% 35%
Compounded Sales Growth
10 Years: 12%
5 Years: 13%
3 Years: 18%
TTM: 3%
Compounded Profit Growth
10 Years: 17%
5 Years: 19%
3 Years: 18%
TTM: 11%
Stock Price CAGR
10 Years: 16%
5 Years: 3%
3 Years: -10%
1 Year: -18%
Return on Equity
10 Years: 23%
5 Years: 23%
3 Years: 22%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 884 1,051 1,191 1,493 1,804 2,097 2,347 2,563 3,280 3,830 4,397 5,262 5,474
550 624 610 354 406 422 753 767 634 1,014 1,189 753 797
683 851 846 960 1,132 1,326 1,360 1,472 1,907 2,271 2,283 2,236 2,493
Total Liabilities 2,186 2,595 2,716 2,877 3,440 3,943 4,557 4,900 5,918 7,211 7,966 8,368 8,881
599 864 931 963 1,136 1,267 1,583 1,916 2,044 2,187 3,332 3,500 3,490
CWIP 172 133 100 51 62 97 170 178 107 606 111 189 228
Investments 11 91 134 348 472 333 395 315 356 234 183 255 258
1,404 1,507 1,550 1,515 1,769 2,245 2,409 2,490 3,411 4,185 4,341 4,424 4,906
Total Assets 2,186 2,595 2,716 2,877 3,440 3,943 4,557 4,900 5,918 7,211 7,966 8,368 8,881

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
120 310 414 595 394 422 611 725 796 566 976 1,591
-203 -301 -184 -259 -308 -183 -379 -223 -457 -521 -600 -398
128 -52 -198 -368 -82 -200 -259 -479 -282 -78 -363 -1,069
Net Cash Flow 45 -43 32 -32 4 38 -27 22 57 -33 13 124

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 47 48 47 47 46 49 40 41 55 44 43 42
Inventory Days 127 122 104 108 153 140 138 142 174 178 142 134
Days Payable 80 95 81 99 124 133 112 118 161 139 108 103
Cash Conversion Cycle 93 74 70 56 75 56 67 65 67 83 77 73
Working Capital Days 57 39 48 35 44 49 48 47 58 64 60 56
ROCE % 25% 24% 25% 30% 31% 29% 27% 28% 27% 26% 24% 28%

Shareholding Pattern

Numbers in percentages

14 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
74.99% 74.99% 74.99% 74.99% 75.00% 75.00% 75.00% 75.00% 74.99% 74.99% 74.99% 74.99%
11.30% 11.28% 11.03% 11.13% 11.11% 10.64% 10.83% 10.89% 10.68% 10.66% 7.51% 6.98%
3.57% 3.41% 3.57% 3.16% 2.90% 3.47% 3.75% 4.06% 4.67% 5.17% 7.57% 8.77%
10.14% 10.32% 10.41% 10.71% 10.98% 10.90% 10.42% 10.05% 9.65% 9.17% 9.93% 9.24%
No. of Shareholders 3,16,1133,53,8213,84,6694,04,9574,29,0534,28,4483,93,9703,99,7143,92,6563,71,4114,24,3743,73,110

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

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