X

Berger Paints India Ltd. Stock Analysis

Large Cap
Evaluated by 6360 users | BSE: 509480 | NSE: BERGEPAINT |
Paints

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...

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 17.44%18.57%18.1%17.59%16.77%20.29%20.46%19.4%19.36%22.56%
Value Creation Index 0.500.530.490.450.380.670.690.600.600.86
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,3412,9483,3463,8704,3224,2234,5525,1666,0626,366
Y-o-Y Gr. Rt.-25.9%13.5%15.6%11.7%-2.3%7.8%13.5%17.4%5%
Adjusted EPS (Rs.) 1.521.92.262.612.763.764.334.745.236.83
Y-o-Y Gr. Rt.-25%19%15.5%5.8%36.2%15.2%9.5%10.3%30.6%
Book Value per Share (Rs.) 7.18.149.7911.5112.9616.0819.5722.5825.1427.37
Adjusted Net Profit 147184219253268365421461507663
Net Op. Cash Flow (Rs. Cr.) 126176120310414595395422611725
Debt to Cash Flow from Ops 2.612.374.592.011.470.61.0310.850.74
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Berger Paints India Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 11.8%8.1%11.8%5%
Adjusted EPS 18.2%19.9%16.4%30.6%
Book Value per Share 16.216.111.88.9
Share Price 38.2% 32.3% 37.4% 32.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 22.8924.8825.1124.3922.5125.8724.322.4921.8825.98
Operating Profit Margin (%) 10.7110.511.1911.3112.0815.4115.7915.6515.7416.79
Net Profit Margin (%) 6.296.256.556.536.28.519.028.98.3810.52
Debt to Equity 0.480.530.580.560.480.230.210.190.210.2
Working Capital Days 100103109107104109133182192203
Cash Conversion Cycle 52545854504845484950
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 74.99%
Institutions 15.10%
Non-Institutions 9.91%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Berger Paints India Ltd. and arrived at the following conclusion:

Past 10 year's financial track record indicates that Berger Paints India Ltd. is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Berger Paints India Ltd.'s performance infers:

Berger Paints India Ltd. earnings have grown by 19.9%, whereas share price has appreciated 32.3% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Berger Paints India Ltd. share prices over the last 10 years. Here is what we found out:

Berger Paints India Ltd. share price has appreciated 35.1% annually over the past ten years.

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

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.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback