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Berger Paints India Limited

Berger Paints India Limited

BERGEPAINT.BO
Berger Paints India LimitedIN flagBombay Stock Exchange
497.35
INR
-11.50
- -
579.74BMarket Cap
Berger Paints India Limited
BERGEPAINT.BO
(Bombay Stock Exchange)

Recent

price

497.35

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
20.13
25.25
28.66
33.12
36.97
36.12
38.93
43.91
51.53
54.02
57.8
74.26
89.35
95.22
99.07
101.95
99.96
Revenue per Share
1.29
1.55
1.88
2.14
2.27
3.18
4.07
3.95
4.24
5.64
6.18
7.15
7.37
10.02
10.13
9.67
9.79
Basic EPS, GAAP
0.19
0.34
-0.84
0.58
2.17
4.06
1.08
1.11
2.73
2.49
5.23
-1.78
1.95
11.29
7.21
8.77
- -
Free Cash Flow per Basic Share
0.36
0.35
0.42
0.53
1.19
0.93
1
1.76
1.81
3.27
0.25
2.33
2.58
2.67
3.5
3.8
- -
Dividend per Share
3.08
3.99
0.6
0.6
0.6
0.6
13.02
15.23
17.51
19.45
25.37
30.18
34.96
42.47
49.11
1
- -
Book Value per Share
4.47
5.29
6.42
7.57
9.47
11.72
14.73
16.32
18.62
20.42
26.49
31.26
36.07
43.46
49.86
55.91
- -
Tangible Book Value per Share
1,163
1,163
1,163
1,164
1,164
1,165
1,165
1,165
1,165
1,165
1,165
1,166
1,166
1,166
1,165
1,165
1,166
Basic Weighted Avg Shares
23,407
29,361
33,339
38,545
43,050
42,082
45,354
51,164
60,046
62,954
67,369
86,558
104,154
111,002
115,447
118,802
116,545
Sales/Revenue/Turnover
9.7
8.94
9.54
9.52
9.98
13.21
13.47
13.54
12.86
14.03
14.98
12.98
12.21
14.06
13.01
12.13
12.88
Operating Margin (%)
401
472
567
707
925
986
1,080
1,242
1,823
1,910
2,111
2,265
2,640
3,309
3,542
3,921
3,610
Depreciation Expense
1,501
1,800
2,184
2,494
2,647
3,706
4,737
4,608
4,943
6,578
7,198
8,328
8,594
11,677
11,804
11,269
11,415
Net Income, GAAP
30.54
29.24
29.15
28.74
34.5
33.73
32.63
34.61
35.45
25.71
26.46
25.78
25.98
24.86
24.59
24.2
25.01
Effective Tax Rate (%)
6.41
6.13
6.55
6.47
6.15
8.81
10.44
9.01
8.23
10.45
10.68
9.62
8.25
10.52
10.22
9.49
9.79
Profit Margin (%)
3,763
3,488
4,026
2,968
5,200
7,067
8,782
9,192
10,092
8,799
14,557
12,057
11,899
19,555
25,106
28,612
- -
Working Capital
1,834
1,444
2,152
1,471
2,439
2,108
2,621
3,992
4,318
4,324
3,589
2,803
3,424
4,483
4,188
3,994
- -
LT Debt
6,895
7,915
9,532
11,203
13,141
15,621
19,016
21,710
24,473
26,672
33,839
39,342
45,023
53,892
61,667
69,299
- -
Total Equity
16.86
16.76
16.61
16.12
15.5
19.36
19.5
17.77
16.63
19.79
19.99
18.65
17.72
19.84
17.45
15.11
- -
Return on Invested Capital (%)
23.1
25.64
32.16
42.67
43.68
72.15
41.29
22.14
20.27
23.79
22.66
21.4
19
22.29
20.23
32.61
124.07
Return on Capital (%)
34.86
43.82
81.92
359.97
381.88
534.41
59.7
27.99
25.91
30.54
27.56
25.73
22.64
25.87
22.12
38.59
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
2,515
- -
LT Borrowings
- -
30
- -
LT Finance Leases
- -
4,158
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
1,166
- -
Market Capitalization
523,361
582,943
691,473

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
48,903
- -
Cash, Cash Equivalents & STI
- -
8,347
- -
Accounts Receivable, Net
- -
15,357
- -
Inventories
- -
23,661
- -
Total Current Liabilities
- -
23,797
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
2,515
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.17%
15.44%
12.38%
Free Cash Flow
29.74%
24.05%
21.73%
Net Income, GAAP
12.62%
10.27%
-4.53%
Sales/Revenue/Turnover
11.21%
12.46%
2.91%
Total Cash Common Dividend
96.2%
177.48%
8.58%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
30,295
27,673
28,818
24,216
111,002
2025
30,910
27,746
29,751
27,040
115,447
2026
32,008
29,840
28,680
- -
118,802

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.04
2.5
2.57
- -
10.02
2025
3.03
2.31
2.53
2.25
10.13
2026
2.7
2.33
2.87
- -
9.67

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.67
2025
- -
- -
- -
- -
3.5
2026
- -
- -
- -
- -
3.8
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Business
Berger Paints India Limited is a leading Indian paint company engaged in the manufacture and sale of a comprehensive range of decorative paints, protective coatings, industrial coatings, automotive finishes, wood coatings, and specialty materials. Its product offerings include interior and exterior wall paints, emulsions, enamels, texture paints, primers, enamels, waterproofing solutions, construction chemicals, powder coatings, and automotive OEM finishes. The company operates through subsidiaries such as STP Ltd. for waterproofing and construction chemicals and Berger Nippon Paint Automotive Coatings Pvt. Ltd. for automotive coatings, serving both domestic and international markets with over 15 manufacturing facilities primarily in India. Founded in 1923 and headquartered in Kolkata, Berger Paints India serves a broad customer base across urban and rural segments. In recent developments, Berger Paints India has undertaken strategic expansions and investments, including a planned capital expenditure of approximately Rs 2,000 crore over the next three years aimed at greenfield and brownfield expansions to strengthen market presence and innovate product offerings. In 2024, the company completed the acquisition of shares in Berger Nippon Paint Automotive Coatings Pvt. Ltd., a subsidiary of Nippon Paint Holdings, enhancing its capabilities in the automotive coatings segment. Additionally, U.K. Paints (India) Private Limited, a related entity, acquired significant equity shares of Berger Paints India as part of a sanctioned amalgamation scheme effective July 2025. Despite seasonal challenges from extended monsoon rains in 2025 impacting short-term profitability, the company achieved volume growth and maintained market share gains in segments such as waterproofing, construction chemicals, wood coatings, automotive and powder coatings, and industrial coatings. Berger Paints continues to emphasize innovation and sustainability, with notable investments in R&D—approximately ₹150 to ₹200 crores—in developing eco-friendly and water-based paints that account for a significant portion of sales. The company launched a digital paint calculator app to enhance customer engagement and support its commitment to quality and technological advancement. Berger Paints India maintains a focus on brand building, network expansion, and sustainable growth in a competitive market environment, addressing both consumer and industrial segments primarily across India but with growing international linkages through subsidiaries and alliances. The company operates in the decorative paints and industrial coatings industry, targeting customers in the residential, commercial, automotive, and industrial sectors. Its extensive product portfolio serves demands ranging from aesthetic interior and exterior finishes to high-performance protective coatings in infrastructure and automotive OEM markets. Berger Paints India has sustained leadership in the Indian paint market with a market share of about 22 percent, supported by strategic alliances, acquisitions, and continuous product innovation. Overall, Berger Paints India Limited leverages its century-old legacy and strategic investments to offer a diversified product range including interior and exterior decorative paints, protective coatings, waterproofing and construction chemicals, automotive finishes, wood coatings, and specialty materials, while actively expanding manufacturing capacity, enhancing product quality and sustainability, and growing through selective acquisitions and equity consolidations under related entities to strengthen its competitive position in India and adjacent markets as of 2025.