Berger Paints India Ltd Stock Analysis

BSE: 509480 | NSE: BERGEPAINT | Paints | Large Cap

BSE Share Price 28-Nov-2023 17:59
574.05 0.85 (0.15%)

DeciZen - Make an Informed Decision on Berger Paints India

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Berger Paints India Price Chart

P/E Ratio (CD):
64.80
Market Cap:
66,917.4 Cr.
52-wk low:
439.7
52-wk high:
679.1
Bole Toh?

1. Is Berger Paints India Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Berger Paints India Ltd is a good quality company.

2. Is Berger Paints India Ltd undervalued or overvalued?

The key valuation ratios of Berger Paints India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Berger Paints India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Berger Paints India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Berger Paints India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Berger Paints India Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 17.6%17%20.9%21.5%19.4%19.4%22.6%21.8%20.7%19.1%-
Value Creation Index 0.30.30.60.90.70.71.00.90.80.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,8704,3224,2234,5525,1666,0626,3666,8188,76210,56810,934
YoY Gr. Rt. %-11.7%-2.3%7.8%13.5%17.4%5%7.1%28.5%20.6%-
Adj EPS 2.22.33.23.844.45.76.37.17.58.9
YoY Gr. Rt. %-7.3%38.5%17%4.2%10.1%30.8%9.8%13.9%5.3%-
BVPS (₹) 9.610.813.416.318.82122.82933.638.541.5
Adj Net Profit 2532723774424615076637288308741,033
Cash Flow from Ops. 310414595395422611725796567976-
Debt/CF from Ops. 21.50.6110.90.70.51.20.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.8%15.4%18.4%20.6%
Adj EPS 14.7%13.7%9.6%5.3%
BVPS16.7%15.4%19.1%14.5%
Share Price 23.1% 16.6% 2% 12.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on Equity % 24.422.926.725.522.521.92624.122.720.822.1
Op. Profit Mgn % 11.312.115.415.815.615.716.817.615.314.316
Net Profit Mgn % 6.66.38.99.78.98.410.410.79.58.39.5
Debt to Equity 0.60.50.20.20.20.20.20.10.20.20
Working Cap Days 107104109133182192173189193184150
Cash Conv. Cycle 5450484448493531363752

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 18.41%

Return on Equity has declined versus last 3 years average to 22.10%

Net Profit has been subdued in last 3 years 9.64%

Sales growth is not so good in last 4 quarters at 7.68%

Latest Financials - Berger Paints India Ltd.

Standalone Consolidated
TTM EPS (₹) 8.4 8.9
TTM Sales (₹ Cr.) 9,788 10,934
BVPS (₹.) 39.1 41.5
Reserves (₹ Cr.) 4,440 4,725
P/BV 14.69 13.82
PE 68.74 64.80
From the Market
52 Week Low / High (₹) 439.67 / 679.05
All Time Low / High (₹) 0.34 / 726.67
Market Cap (₹ Cr.) 66,917
Equity (₹ Cr.) 116.6
Face Value (₹) 1
Industry PE 54.2

Management X-Ray of Berger Paints India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Berger Paints India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Berger Paints India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Berger Paints India on 28-Nov-2023 17:59 is : 574.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Nov-2023 17:59 the market cap of Berger Paints India stood at ₹ 66,917.4.
The latest PE ratio of Berger Paints India as of 28-Nov-2023 17:59 is 68.74.
The latest PB ratio of Berger Paints India as of 28-Nov-2023 17:59 is 14.69
The 52-week high of Berger Paints India is ₹ 679.0 and the 52-week low is ₹ 439.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Berger Paints India is ₹ 9,788 ( Cr.) .

About Berger Paints India Ltd

The driving forces of Berger Paints - reflect the very spirit of its founder Lewis Berger - who laid the foundations of brand Berger way back in 1760 in the UK. With modest beginnings in India in 1923, today, Berger Paints India is the second largest paint company in the country with a consistent track record of being one of the fastest growing paint companies, quarter on quarter, for the past few years. Starting out as Hadfield's (India), it had just one factory in Howrah, West Bengal. By the close of 1947, Hadfield's was acquired by British Paints (Holdings), UK and came to be known as British Paints (India). In 1983, the name of the company was changed to Berger Paints India. Currently, the majority stake is with the Delhi based Dhingra brothers.

Berger Paints has established itself through a long course of time. The company is acclaimed as a game changer in the sector with a vibrant portfolio of paints and tailor-made customer services in every paint segment. It has consistently outperformed its competitors in the past few years and is on its way to be on the top spot. Berger Paints India is headquartered at Kolkata, with strategically located manufacturing units across India (including the subsidiaries).

Business area of the company

Berger Paints India is the second largest paint company in India and has established itself as a trusted name in the paint industry, not only in India but across the globe.

Products:

  • Product Finder
  • Interior Wall Coatings
  • Exterior Wall Coatings
  • Do It Yourself (DIY)
  • Exterior Textures
  • Metal Finishes
  • Wood Finishes
  • Glass Finishes
  • Undercoats
  • Waterproofing Solutions
  • ETICS
  • Price List

Awards and Accolades:

  • 2005: Best Supplier Award Outstanding contribution in Product Development OEM customer Whirlpool - 2005, Faridabad.
  • 2008: Reader's Digest Gold Award - 2008 Most Trusted Brand.
  • 2012: Builder Information Bureau (BIB) 2012 Leadership in the paint category.
  • 2012: 10th Annual Construction World Global Awards 2012.
  • 2015: Featured in Top Companies Report by CoatingsWorld among the Top 25 of the report.
  • 2015: Featured in Forbes India’s list of Super 50 Companies.
  • 2015: Featured among BrandZ Top 50 most valuable brands 2015.
  • 2016: Berger Paints India Wins 1st Prize in NECA, 2016.
  • 2016: Featured among the Top 7 Value Creators in Forbes India’s 7th Anniversary Special Edition.
  • 2016: Featured in Forbes India’s list of Super 50 Companies for the second year in a row.
  • 2017: Berger Express Painting Awarded SKOCH-BSE Order of Merit in the Innovation category at the 48th SKOCH-BSE Summit.
  • 2017: Ranked among the top manufacturers of paints and coatings of the world in the latest issue of Top Companies Report 2017, by Coatings World.
  • 2019: Berger Paints Shines at Sammie 2019 With Silver Award.
  • 2019: Berger Paints wins the CII National Award for Excellence in Water Management 2019.
  • 2020: Listed in BrandZ Top 75 Most Valued Indian Brands 2020 in its seventh edition released by Kantar Millward Brown.
  • 2020: Berger Paints recognized as the ‘Best Indian Paint Company’ at Times Business Awards.
  • 2020: CII Environmental Best Practices Award 2020.
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