1. India Stocks

  2. •

    Basic Materials

  3. •

    Chemicals - Specialty
Berger Paints India Limited

Berger Paints India Limited

BERGEPAINT.NS
Berger Paints India LimitedIN flagNational Stock Exchange of India
496.05
INR
-12.20
- -
578.39BMarket Cap
Berger Paints India Limited
BERGEPAINT.NS
(National Stock Exchange of India)

Recent

price

496.05

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
523,420
583,410
691,007

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
Similar Companies
Carlit Holdings Co., Ltd. (4275.T)
Parx Materials N.V. (PARPF)
Shanghai Smith Adhesive New Material Co., Ltd (603683.SS)
Yongyue Science&Technology Co.,Ltd (603879.SS)
California Nanotechnologies Corp. (CNO.V)
Clariant Chemicals (India) Limited (CLNINDIA.NS)
Business
Berger Paints India Limited manufactures and markets a comprehensive range of decorative and industrial paints, coatings, and related products; its core offerings encompass interior and exterior wall paints including emulsions, textured finishes, and premium brands such as Kolorplus; enamel paints and primers; wood stains, finishes, and coatings like Imperia Breathe Easy, Imperia Gold, and Woodkeeper ranges; waterproofing solutions including Dampstop Advanced, Seal-O-Prime, DampShield Elasto, and tiling aids; undercoats such as cement paints and putty; and industrial segments featuring protective coatings, automotive coatings, general industrial coatings, and powder coatings for applications in agriculture equipment, construction, fans, electronics, elevators, handicrafts, and automotive components. The company operates primarily in India with manufacturing facilities across multiple states including expansions in Panagarh, West Bengal, Hindupur, Andhra Pradesh, and Odisha, alongside international presence through a production unit in Nepal and ownership of Bolix SA in Poland for external insulation finishing systems; it serves residential, commercial, and industrial customers via a network of over 12,000 retailers and 82 stock points. Founded in 1923 as Hadfield's (India) Limited in Kolkata, where it maintains headquarters, Berger Paints has evolved through acquisitions including British Paints in 1947 and ICI India's motors and industrial paints business in 2005, positioning it as India's second-largest paint company and a leader in protective coatings. Recent developments include the July 2025 completion of a scheme of amalgamation through which U.K. Paints (India) Private Limited, its subsidiary, increased beneficial ownership of the company's shares from 50.09% to 64.57%; ongoing capacity expansions with new plants in Panagarh, Odisha, and another Odisha facility plus brownfield upgrades in Hindupur, Goa, Jammu, Rishra, and Jejuri to support water-based and solvent-based paints; and the launch of Kolorplus, a premium emulsion product initially in southern India and scaling nationally amid intensified market competition.