Is Berger Paints India 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 .

Is Berger Paints India 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 Somewhat Undervalued zone .

What is Berger Paints India share price return in the past 10 years?

Berger Paints India Ltd share price has appreciated 16.4% annually (CAGR) over the past ten years.

Is Berger Paints India a good buy now?

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

Berger Paints India Ltd - Stock Valuation and Financial Performance

Name: Berger Paints India
Brand: Berger Paints India

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

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Berger Paints India Share Price

₹540.55 -5.75 -1.05%
as on 31-Oct'24 16:01

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

Standalone Basis ^P Consolidated Basis ^P

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	25.2%	31%	34.1%	29.6%	29.1%	30.2%	29.4%	28.1%	25.6%	30.2%	-
Value Creation Index ⓘ	0.9	1.3	2.0	1.6	1.6	1.7	1.6	1.5	1.3	1.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	4,322	4,223	4,552	5,166	6,062	6,366	6,818	8,762	10,568	11,199	11,260
Sales YoY Gr.	-	-2.3%	7.8%	13.5%	17.4%	5%	7.1%	28.5%	20.6%	6%	-
Adj EPS ⓘ	2.3	3.2	3.8	4	4.4	5.7	6.3	7.1	7.5	10	10
YoY Gr.	-	38.5%	17%	4.2%	10.1%	30.8%	9.8%	13.9%	5.3%	33.7%	-
BVPS (₹) ⓘ	10.8	13.4	16.3	18.8	21	22.8	29	33.6	38.5	46.1	49.1
Adj Net Profit ⓘ	272	377	442	461	507	663	728	830	874	1,169	1,167
Cash Flow from Ops. ⓘ	414	595	395	422	611	725	796	567	976	1,591	-
Debt/CF from Ops. ⓘ	1.5	0.6	1	1	0.9	0.7	0.5	1.2	0.8	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.2%	13.1%	18%	6%
Adj EPS ⓘ	17.6%	18.2%	17.1%	33.7%
BVPSⓘ	17.5%	17.1%	16.8%	19.7%
Share Price	16.4%	5%	-4.9%	-1.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	22.9	26.7	25.5	22.5	21.9	26	24.1	22.7	20.8	23.7	21
Op. Profit Mgn % ⓘ	12.1	15.4	15.8	15.6	15.7	16.8	17.6	15.3	14.3	16.7	16.2
Net Profit Mgn % ⓘ	6.3	8.9	9.7	8.9	8.4	10.4	10.7	9.5	8.3	10.5	10.4
Debt to Equity ⓘ	0.5	0.2	0.2	0.2	0.2	0.2	0.1	0.2	0.2	0	-
Working Cap Days ⓘ	104	109	133	182	192	173	189	193	184	181	76
Cash Conv. Cycle ⓘ	50	48	44	48	49	35	31	36	37	36	30

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.99%

Net Profit is growing at healthy rate in last 3 years 17.08%

Return on Equity has declined versus last 3 years average to 21.00%

Sales growth is not so good in last 4 quarters at 3.94%

Latest Financials - Berger Paints India Ltd.

	Standalone	Consolidated
TTM EPS (₹)	8.5	10
TTM Sales (₹ Cr.)	10,069	11,260
BVPS (₹.) ⓘ	45.5	49.1
Reserves (₹ Cr.) ⓘ	5,189	5,602
P/BV ⓘ	11.80	10.95
PE ⓘ	62.96	53.64

From the Market
52 Week Low / High (₹)	439.55 / 629.60
All Time Low / High (₹)	0.34 / 726.67
Market Cap (₹ Cr.)	62,597
Equity (₹ Cr.)	116.6
Face Value (₹)	1
Industry PE ⓘ	54.5

Management X-Ray of Berger Paints India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of Berger Paints India

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of Berger Paints India

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	4,322	4,223	4,552	5,166	6,062	6,366	6,818	8,762	10,568	11,199
Operating Expenses ⓘ	3,811	3,583	3,835	4,361	5,128	5,305	5,630	7,431	9,081	9,338
Manufacturing Costs	659	701	771	827	971	978	1,183	1,488	1,653	1,682
Material Costs	2,232	2,159	2,250	2,630	3,251	3,288	3,393	4,743	5,972	5,929
Employee Cost	253	267	298	347	398	453	485	543	609	713
Other Costs ⓘ	667	456	516	558	509	587	569	656	846	1,013
Operating Profit ⓘ	511	640	717	805	934	1,061	1,188	1,331	1,487	1,861
Operating Profit Margin (%)	11.8%	15.2%	15.7%	15.6%	15.4%	16.7%	17.4%	15.2%	14.1%	16.6%
Other Income ⓘ	36	38	55	46	60	69	51	65	52	64
Interest ⓘ	50	27	16	25	47	47	44	51	99	78
Depreciation ⓘ	93	97	106	122	180	191	211	227	264	331
Exceptional Items ⓘ	0	0	44	0	0	0	0	0	0	0
Profit Before Tax ⓘ	404	559	703	705	765	883	979	1,122	1,162	1,557
Tax ⓘ	139	189	229	244	271	227	259	289	302	387
Profit After Tax	265	371	474	461	494	656	720	833	860	1,170
PAT Margin (%)	6.1%	8.8%	10.4%	8.9%	8.1%	10.3%	10.6%	9.5%	8.1%	10.4%
Adjusted EPS (₹)	2.3	3.2	4.1	4.0	4.2	5.6	6.2	7.2	7.4	10.0
Dividend Payout Ratio (%)	33%	31%	36%	38%	37%	32%	38%	36%	36%	35%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,259	1,561	1,901	2,192	2,441	2,658	3,374	3,920	4,490	5,374
Share Capital ⓘ	69	69	97	97	97	97	97	97	97	117
Reserves ⓘ	1,189	1,492	1,804	2,095	2,344	2,561	3,277	3,823	4,392	5,257
Minority Interest	0	0	0	0	3	7	7	7	8	10
Debt	609	310	406	422	484	536	376	602	765	203
Long Term Debt	251	211	262	249	239	243	166	10	8	6
Short Term Debt	358	99	144	173	245	293	210	592	757	197
Trade Payables	560	670	761	955	999	1,066	1,497	1,803	1,766	1,679
Others Liabilities ⓘ	289	336	979	1,327	1,833	2,063	2,356	3,144	3,243	3,741
Total Liabilities ⓘ	2,716	2,877	4,047	4,897	5,761	6,330	7,610	9,476	10,272	11,007
Fixed Assets
Gross Block	1,461	1,048	1,310	1,571	1,971	2,452	2,734	2,955	4,324	4,735
Accumulated Depreciation	531	85	174	304	388	536	690	768	992	1,235
Net Fixed Assetsⓘ	931	963	1,136	1,267	1,583	1,916	2,044	2,187	3,332	3,500
CWIP ⓘ	100	51	62	97	170	178	107	606	111	189
Investmentsⓘ	134	348	472	333	395	315	356	234	183	255
Inventories	719	733	935	1,007	1,234	1,278	1,616	2,316	2,319	2,180
Trade Receivables	535	545	578	692	671	714	1,020	1,054	1,243	1,302
Cash Equivalents	170	105	102	205	238	220	440	313	245	451
Others Assetsⓘ	126	131	761	1,295	1,470	1,708	2,028	2,767	2,840	3,131
Total Assets ⓘ	2,716	2,877	4,047	4,897	5,761	6,330	7,610	9,476	10,272	11,007

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	414	595	395	422	611	725	796	567	976	1,591
PBT ⓘ	404	559	703	705	765	883	979	1,122	1,162	1,557
Adjustment ⓘ	120	100	38	122	181	204	238	241	380	353
Changes in Working Capital ⓘ	12	114	-128	-128	-92	-100	-168	-498	-259	30
Tax Paid ⓘ	-122	-178	-220	-277	-243	-263	-252	-299	-308	-349
Cash Flow From Investing Activity ⓘ	-184	-259	-308	-183	-379	-223	-457	-521	-600	-398
Capex	-160	-118	-264	-290	-291	-431	-185	-760	-744	-271
Net Investments	-38	-148	-37	99	-64	190	-290	213	131	-106
Others ⓘ	15	6	-7	7	-23	17	18	25	13	-21
Cash Flow From Financing Activityⓘ	-198	-368	-82	-200	-259	-479	-282	-78	-363	-1,069
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	10	0	0	0	0	0	-74	-156	-66	-1
Interest Paid ⓘ	-45	-27	-16	-25	-30	-31	-25	-23	-61	-36
Dividend Paid ⓘ	-138	-99	-117	-205	-211	-382	-29	-272	-301	-311
Others ⓘ	-24	-241	51	29	-18	-66	-153	372	66	-721
Net Cash Flow ⓘ	32	-32	4	38	-27	22	57	-33	12	124

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	22.3	26.29	27.36	22.52	21.32	25.73	23.86	22.84	20.46	23.72
ROCE (%)	25.15	30.98	34.06	29.62	29.12	30.2	29.44	28.1	25.6	30.15
Asset Turnover Ratio	1.79	1.68	1.46	1.18	1.14	1.23	1.16	1.19	1.26	1.24
PAT to CFO Conversion(x)	1.56	1.6	0.83	0.92	1.24	1.11	1.11	0.68	1.13	1.36
Working Capital Days
Receivable Days	39	42	41	44	41	34	39	37	34	35
Inventory Days	54	57	60	67	67	61	65	70	68	62
Payable Days	72	81	95	102	94	97	123	115	98	95

Berger Paints India Ltd Stock News

Berger Paints India Ltd FAQs

What is the share price of Berger Paints India?

Company share prices are keep on changing according to the market conditions. The closing price of Berger Paints India on 31-Oct-2024 16:01 is ₹540.5.

What is the market cap of Berger Paints India?

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 31-Oct-2024 16:01 the market cap of Berger Paints India stood at ₹62,597.4.

What is the P/E ratio of Berger Paints India?

The latest P/E ratio of Berger Paints India as of 31-Oct-2024 16:01 is 62.96.

What is the P/B ratio of Berger Paints India?

The latest P/B ratio of Berger Paints India as of 31-Oct-2024 16:01 is 11.80.

What is the 52-week high and low of Berger Paints India?

The 52-week high of Berger Paints India is ₹629.6 and the 52-week low is ₹439.6.

What is the TTM revenue of Berger Paints India?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Berger Paints India is ₹10,069 ( 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:

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Interior Wall Coatings
Exterior Wall Coatings
Do It Yourself (DIY)
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Metal Finishes
Wood Finishes
Glass Finishes
Undercoats
Waterproofing Solutions
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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.