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Berger Paints India Ltd.
BERGEPAINTLarge CapNSEBSE
Consumer Discretionary · Consumer Durables
₹496.00down 5.00down 1.00 percentas of 28 Aug 2026
Book value ₹59.54Div yield 0.81%
Key metrics
- Market Cap
- 58,230.62 ₹ cr
- P/E
- 51.16 x
- P/B
- 8.33 x
- ROE
- 6.72%
- ROCE
- 7.75%
- Debt to Equity
- 0.48 x
- Net Margin
- 8.08%
- Dividend Yield
- 0.81%
- Revenue Growth (YoY)
- 11.97%
Observations
Mechanical observations generated from stored data, not analysis or opinion. Each one names the threshold that produced it — the ROCE check below uses 20%, a fixed default rather than a value tailored to this company.
- ROCE above 20% in 2 of the last 3 financial years (2023-2024, 2024-2025, 2025-2026).
- Revenue grew year-on-year in each of the last 3 years.
- Net margin declined year-on-year in 2 of the last 3 years.
- Promoter holding 75.0% (pledge data not available).
- Debt-to-equity 0.48 — above the Consumer Durables median of 0.37.
BERGEPAINT
₹496.00down 1.00 percent
EOD Synced: 28 Aug 2026 18:30 ISTOverview & Live Price Chart
Executive Investment Verdict & Quality Synthesis
Autonomous V2Multi-dimensional quantitative synthesis across capital efficiency, forensic accounting, intrinsic valuation, and ownership governance.
Factual Quantitative Consensus
1. Capital Efficiency & MoatStable Return Franchise
18.85%ROCE
ROE: 16.29%·P/B: 8.33x
2. Forensic Health & SolvencyPiotroski 6/9 · Adequate Health
6/9Piotroski Score
Altman: 7.3 (Safe Zone)
3. Valuation & DCF Spread-73.4% Valuation Premium
₹132DCF Fair Value
CMP: ₹496.0
4. Ownership & GovernanceClean Promoter Holding
74.98%Promoter Stake
Pledged: 0.0%·Inst: 11.83%
Institutional Factor Scores
QVGM Factor Grade Matrix
Institutional Multi-Factor Profile (QVGM)
Composite 0–100 percentile ranks normalized across all 500 universe constituents
Rank #48 of 54 in Consumer DiscretionaryQVGM 34/100
Quality (Q)34
ROE, ROCE, Margins & Cash Conversion
Value (V)31
P/E, P/B, EV/EBITDA vs Sector Benchmarks
Growth (G)31
3Y Sales & EPS Compounded Growth
Momentum (M)40
Relative Strength & Trend Position
TheScreener Radar™ 5-Pillar Quantitative Scorecard
Holistic quantitative radar evaluating fundamental quality, valuation multiples, balance sheet health, growth, and price momentum
Sector Rank:Rank #48 of 54 in Consumer Discretionary
Valuation
Weak31/100
P/E Ratio:51.16x
P/B Ratio:8.33x
Dividend Yield:0.81%
P/E, P/B, EV/EBITDA & Dividend Yield relative to 5Y medians and sector
Growth
Weak31/100
3Y Sales CAGR:—
3Y PAT CAGR:—
Quarterly YoY:+12.4%
3-Year Compounded Sales & Net Profit Growth trajectory
Profitability
Weak34/100
ROE:16.3%
ROCE:18.9%
OPM %:—
Return on Equity (ROE), ROCE & Operating Margin efficiency
Solvency & Health
Moderate67/100
Piotroski F-Score:6/9
Altman Z-Score:7.26
Debt / Equity:0.00
Balance Sheet strength, Altman Z-Score & Piotroski F-Score checklist
Momentum
Moderate40/100
1Y Return:—
RSI (14):54.2
From 52W High:—
1-Year Relative Strength vs NIFTY 500, RSI-14 & 52W High distance
Quantitative Drivers & Growth Analysis
52-week corridor, deep valuation multiples, compounded CAGR trajectory, and institutional flow shifts
52-Week Low₹404.50
From 52W High-15.95%
52-Week High₹590.10
Valuation MultiplesCash Flow & Yield
PEG Ratio4.87
Earnings Yield18.30%
Price / FCF—
FCF Yield-6.42%
Payout Ratio4.41%
Net-Net Ratio-45.71
Solvency & SafetyPiotroski & Altman
Piotroski F-Score6/9
Altman Z-Score7.26
Graham Number₹348.70
1Y Flow & Margin ShiftsTrailing 12M
FII Stake:▲ +0.14%
DII Stake:▲ +0.21%
OPM Margin:▼ 1.34%
Net Margin:▼ 0.74%
Compounded Annual Growth Rate (CAGR Matrix)
Historical Fundamental Trajectory| Metric | QoQ Shift | YoY Shift | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Revenue Growth | ▲ +24.96% | ▲ +11.97% | 2.91% | 3.98% | 11.75% |
| Net Profit Growth | ▲ +20.78% | ▲ +28.51% | -4.53% | 9.45% | 9.38% |
| EPS Growth | ▲ +31.94% | ▲ +18.03% | -1.68% | 10.51% | 10.00% |
Intrinsic Valuation Models & DCF Sensitivity
Institutional DCF & Intrinsic Valuation Studio — BERGEPAINT
2-Stage Discounted Cash Flow, Reverse DCF Implied Growth, and Benjamin Graham & Peter Lynch valuation benchmarks.
DCF Intrinsic Fair Value
₹135.4
Verdict:Overvalued (-72.7%)
Benjamin Graham Number
₹115.1
-76.8% vs CMPPeter Lynch Fair Value
₹49.6
-90% vs CMPReverse DCF Implied Growth
44.3% CAGR
Aggressive Expectations (Priced for Perfection)Valuation Spectrum PositioningCMP: ₹496.0
₹0 (Distress)CMP: ₹496DCF: ₹135Graham: ₹115
Scenario Calibration & Sensitivity Levers
Tune Discount Rate (WACC), 5-Year Growth, and Terminal Value to model bear, base, and bull cases.
Discount Rate (WACC)11.5%
Cost of Capital Hurdle
5-Year FCF Growth CAGR6.0%
Assumed stage-1 cash flow expansionTerminal Growth Rate4.5%
Long-term perpetual GDP growth rate5-Year Projected Cash Flow Schedule (₹ Cr)
| Projection Period | Growth Rate | Projected FCF | Discount Factor | Present Value |
|---|---|---|---|---|
| Year 1 | 6% | ₹1,083 | 0.8969 | ₹972 |
| Year 2 | 6% | ₹1,148 | 0.8044 | ₹924 |
| Year 3 | 6% | ₹1,217 | 0.7214 | ₹878 |
| Year 4 | 6% | ₹1,290 | 0.6470 | ₹835 |
| Year 5 | 6% | ₹1,368 | 0.5803 | ₹794 |
2D Sensitivity Matrix (WACC vs Terminal Growth Rate)
Click any cell to apply WACC & terminal growth scenario. Values in ₹ / share.| WACC \ g(Terminal) | 3.0% | 4.0% | 4.5% | 5.0% | 6.0% |
|---|---|---|---|---|---|
| 10.0% | ₹142 -71% | ₹162 -67% | ₹174 -65% | ₹188 -62% | ₹228 -54% |
| 11.0% | ₹124 -75% | ₹138 -72% | ₹146 -71% | ₹156 -69% | ₹182 -63% |
| 11.5% | ₹116 -77% | ₹128 -74% | ₹135 -73% | ₹144 -71% | ₹165 -67% |
| 12.0% | ₹109 -78% | ₹120 -76% | ₹126 -75% | ₹133 -73% | ₹151 -70% |
| 13.0% | ₹98 -80% | ₹106 -79% | ₹111 -78% | ₹116 -77% | ₹129 -74% |
Discounted cash flow (DCF) and valuation models are quantitative projections based on user-supplied assumptions — not a forecast, not a guarantee of future performance, and not SEBI-registered investment advice. Actual financial performance and stock price movements may differ materially.
New to intrinsic valuation models? Learn how Discounted Cash Flow and Terminal Growth rates work.Read DCF Academy Guide →
Valuation history
P/E51.16current
ReportedComputed, approximate
P/B8.33current
ReportedComputed, approximate
The dashed line is computed from historical close price divided by the most recently reported annual EPS or book value — not IndianAPI's own figure, which only ever gives a single current reading with no history behind it. Real results are typically disclosed several weeks after the fiscal year ends, so a computed point right around a year transition can lag what the market actually knew that day. The solid line is the real reported figure.
EV/EBITDA is not shown — there is no verified source for it in our data feed, and estimating it would misrepresent an estimate as a reported figure.
| Date | P/E | P/B |
|---|---|---|
| 31 Aug 2026 | 51.16 | 8.33 |
Analyst Consensus, Price Targets & Forecasts
Analyst Consensus & Recommendations
Aggregated institutional equity research ratings · 31 Aug 2026
Hold(2.68 / 5)
Strong Buy:2
Buy:8
Hold:7
Sell:5
Strong Sell:0
Coverage: 22 contributing analystsScale: 1 (Strong Buy) – 5 (Strong Sell)
Ratings shown are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Risk Profile & Volatility
Statistical return volatility classification · 31 Aug 2026
Balanced risk
Low RiskModerate RiskHigh Risk
Annualised Standard Deviation:33.15%
Analyst Price Targets
12-month forward price consensus · 31 Aug 2026
Upside: +15.12%
Mean Target₹571.00vs CMP ₹496.00
High Target₹685.00+38.1% max upside
Low Target₹429.00-13.5% downside
Median Target₹575.0022 estimates
Low: ₹429.00Mean: ₹571.00High: ₹685.00
Mean Target Current Price (₹496.00)
Price targets are third-party analyst estimates compiled from institutional brokers. They do not constitute investment advice.
Forward Financial Forecasts & Consensus Estimates
Institutional broker consensus estimates and forward earnings trajectory
FY2024EConsensus
Mean Estimate
₹2.57
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹2.50
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹4.38
Low:—
High:—
FY2024EConsensus
Mean Estimate
₹1.90
Low:—
High:—
FY2025E4 Analysts
Mean Estimate
₹2.25
Low:—
High:—
FY2025EConsensus
Mean Estimate
₹3.03
Low:—
High:—
FY2025E4 Analysts
Mean Estimate
₹2.31
Low:—
High:—
FY2025E3 Analysts
Mean Estimate
₹2.53
Low:—
High:—
FY2026E5 Analysts
Mean Estimate
₹2.55
Low:—
High:—
FY2026E3 Analysts
Mean Estimate
₹2.79
Low:—
High:—
FY2026E5 Analysts
Mean Estimate
₹1.77
Low:—
High:—
FY2026E2 Analysts
Mean Estimate
₹3.02
Low:—
High:—
FY2027E5 Analysts
Mean Estimate
₹3.47
Low:—
High:—
FY2027E2 Analysts
Mean Estimate
₹2.54
Low:₹2.00
High:₹2.00
FY2027E2 Analysts
Mean Estimate
₹2.19
Low:₹1.00
High:₹2.00
FY2027E2 Analysts
Mean Estimate
₹2.64
Low:₹2.00
High:₹2.00
FY2028E1 Analysts
Mean Estimate
₹3.40
Low:₹3.00
High:₹3.00
FY2028E1 Analysts
Mean Estimate
₹3.03
Low:₹3.00
High:₹3.00
FY2028E1 Analysts
Mean Estimate
₹2.91
Low:₹2.00
High:₹2.00
FY2028E1 Analysts
Mean Estimate
₹2.79
Low:₹2.00
High:₹2.00
| Period / Fiscal Year | Consensus Mean | Bull Case (High) | Bear Case (Low) | Brokers |
|---|---|---|---|---|
| FY2024 Forecast | ₹2.57 | — | — | — |
| FY2024 Forecast | ₹2.50 | — | — | — |
| FY2024 Forecast | ₹4.38 | — | — | — |
| FY2024 Forecast | ₹1.90 | — | — | — |
| FY2025 Forecast | ₹2.25 | — | — | 4 |
| FY2025 Forecast | ₹3.03 | — | — | — |
| FY2025 Forecast | ₹2.31 | — | — | 4 |
| FY2025 Forecast | ₹2.53 | — | — | 3 |
| FY2026 Forecast | ₹2.55 | — | — | 5 |
| FY2026 Forecast | ₹2.79 | — | — | 3 |
| FY2026 Forecast | ₹1.77 | — | — | 5 |
| FY2026 Forecast | ₹3.02 | — | — | 2 |
| FY2027 Forecast | ₹3.47 | — | — | 5 |
| FY2027 Forecast | ₹2.54 | ₹2.00 | ₹2.00 | 2 |
| FY2027 Forecast | ₹2.19 | ₹2.00 | ₹1.00 | 2 |
| FY2027 Forecast | ₹2.64 | ₹2.00 | ₹2.00 | 2 |
| FY2028 Forecast | ₹3.40 | ₹3.00 | ₹3.00 | 1 |
| FY2028 Forecast | ₹3.03 | ₹3.00 | ₹3.00 | 1 |
| FY2028 Forecast | ₹2.91 | ₹2.00 | ₹2.00 | 1 |
| FY2028 Forecast | ₹2.79 | ₹2.00 | ₹2.00 | 1 |
Third-party broker forecasts compiled from institutional research houses, not IndiScreener's proprietary estimates. Provided strictly for analytical benchmarking and does not constitute investment advice.
Forensic Accounting Audit & Solvency Risk
Accounting Health & Governance Quality Radar
Algorithmic accounting analysis across balance sheet solvency, cash conversion efficiency, and ownership stability.
Clean Governance & Solvency
Financial Strengths & Catalysts
4 Factors- •Company has a solid 3-year average ROE of 19.1%.
- •Company maintains conservative leverage with D/E of 0.09x.
- •Strong cash generation: Operating Cash Flow is 136.7% of reported Net Profit.
- •High promoter holding of 75.0% with zero encumbrance / pledge.
Risk Factors & Watchouts
0 WatchoutsClean profile: No major debt, leverage, or working capital red flags detected.
Forensic Accounting & Health Audit
Piotroski F-Score, Altman Z-Score Distress Model & Beneish Earnings Manipulation Checks
Piotroski F-Score6 / 9
● Moderate (Neutral)
Altman Z-Score7.26
● Safe Zone
Negligible risk of financial distress over the next 2 years.
Beneish M-Score-2.65
● Low Risk (Clean Accounting)
Cash flows closely match reported earnings with conservative accruals.
Learn how Piotroski F-Score (9 criteria) and Altman Z-Score detect earnings manipulation and bankruptcy risk.Read Forensic Guide →
10-Year Financial Statements & DuPont ROE
Financial Statements
consolidated · amounts in ₹ Crores
Accounting Flow:
Wall Street Cash Flow & Free Cash Flow (FCF) Cascade
FY26 (2025-2026)3-Stage institutional flow from reported earnings to owner Free Cash Flow and capital allocation
FCF Conversion Rate (FCF / PAT)
90.7%Healthy
Measures how much reported accounting profit turns into real liquid cash.
Free Cash Flow Margin
8.6%of Gross Revenue
Liquid cash retained per ₹100 of top-line revenue generated.
CapEx Reinvestment Rate
33.6%of Operating Cash
Portion of operating cash reinvested in future capacity and maintenance.
Reported Net Profit (PAT)₹1,127 CrInflow
1,127
+ D&A Non-Cash Charge₹392 CrAdd-back
392
Working Capital Adjustment₹21 Cr+ Cash
21
= Operating Cash Flow (CFO)₹1,540 CrOperating Cash
1,540
- Capital Expenditures (CapEx)-₹518 CrReinvestment
518
= Free Cash Flow (FCF)₹1,022 CrFree Cash Flow
1,022
- Dividends & Debt Repayment-₹248 CrCapital Return
248
= Net Change in Cash₹774 CrNet Balance
774
Multi-Year Historical FCF vs Reported PAT Trajectory:
Free Cash Flow (FCF) Reported Net Profit (PAT)
| Metric | 2014-201531 Mar 2015 | 2015-201631 Mar 2016 | 2016-201731 Mar 2017 | 2017-201831 Mar 2018 | 2018-201931 Mar 2019 | 2019-202031 Mar 2020 | 2020-202131 Mar 2021 | 2021-202231 Mar 2022 | 2022-202331 Mar 2023 | 2023-202431 Mar 2024 | 2024-202531 Mar 2025 | 2025-202631 Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | ₹6,061.86 | ₹6,365.82 | ₹6,817.59 | ₹8,761.78 | ₹10,567.84 | ₹11,198.92 | ₹11,544.71 | ₹11,880.25 |
| Operating profit | — | — | — | — | ₹753.27 | ₹877.56 | ₹991.60 | ₹1,111.01 | ₹1,249.35 | ₹1,542.82 | ₹1,527.26 | ₹1,412.36 |
| OPM | — | — | — | — | 12.43% | 13.79% | 14.54% | 12.68% | 11.82% | 13.78% | 13.23% | 11.89% |
| Net profit | — | — | — | — | ₹494.30 | ₹657.81 | ₹719.75 | ₹832.82 | ₹859.42 | ₹1,167.74 | ₹1,180.40 | ₹1,126.87 |
| EPS | — | — | — | — | 4.24 | 5.31 | 6.16 | 7.09 | 7.35 | 9.99 | 10.09 | 9.92 |
| Net margin | — | — | — | — | 8.15% | 10.33% | 10.56% | 9.51% | 8.13% | 10.43% | 10.22% | 9.49% |
| ROE | — | — | — | — | 20.23% | 24.73% | 21.31% | 21.21% | 19.12% | 21.71% | 19.18% | 16.29% |
| ROCE | 25.00% | 30.00% | 31.00% | 29.00% | 25.16% | 27.44% | 25.62% | 25.48% | 25.02% | 25.69% | 22.62% | 18.85% |
| Debt / equity | — | — | — | — | 0.31 | 0.29 | 0.19 | 0.26 | 0.26 | 0.14 | 0.11 | 0.09 |
Compounded growth (CAGR)
| Metric | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|
| Revenue | 2.91% | 3.98% | 11.75% | — |
| Net profit | -4.53% | 9.45% | 9.38% | — |
| EPS | -1.68% | 10.51% | 10.00% | — |
Each column only appears when 12 real reported years actually support it — never extrapolated from fewer.
Balance sheet
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | — | — | — | ₹4,566.99 | ₹4,905.01 | ₹5,921.05 | ₹7,212.66 | ₹7,967.17 | ₹8,368.66 | ₹9,131.64 | ₹10,057.26 |
| Total liabilities | — | — | — | — | ₹2,123.18 | ₹2,244.88 | ₹2,544.18 | ₹3,285.67 | ₹3,473.05 | ₹2,989.69 | ₹2,977.54 | ₹3,141.10 |
| Total equity | — | — | — | — | ₹2,443.81 | ₹2,660.13 | ₹3,376.87 | ₹3,926.99 | ₹4,494.12 | ₹5,378.97 | ₹6,154.10 | ₹6,916.16 |
| Total debt | — | — | — | — | ₹752.94 | ₹766.90 | ₹633.76 | ₹1,013.53 | ₹1,188.97 | ₹753.29 | ₹670.27 | ₹635.13 |
| Cash | — | — | — | — | ₹56.53 | ₹60.20 | ₹111.84 | ₹91.56 | ₹85.80 | ₹178.24 | ₹185.73 | ₹167.25 |
| Current assets | — | — | — | — | ₹2,582.59 | ₹2,586.45 | ₹3,506.33 | ₹4,057.42 | ₹4,164.45 | ₹4,318.03 | ₹4,890.30 | ₹5,427.10 |
| Current liabilities | — | — | — | — | ₹1,573.36 | ₹1,706.59 | ₹2,050.68 | ₹2,851.72 | ₹2,974.55 | ₹2,362.51 | ₹2,379.71 | ₹2,565.88 |
| Inventory | — | — | — | — | ₹1,233.53 | ₹1,278.46 | ₹1,616.13 | ₹2,315.83 | ₹2,319.12 | ₹2,179.68 | ₹2,366.14 | ₹2,393.23 |
| Receivables | — | — | — | — | ₹673.88 | ₹717.91 | ₹1,025.36 | ₹1,056.96 | ₹1,247.11 | ₹1,309.47 | ₹1,542.22 | ₹1,568.60 |
| Payables | — | — | — | — | ₹1,036.91 | ₹1,108.61 | ₹1,527.72 | ₹1,848.64 | ₹1,791.96 | ₹1,719.93 | ₹1,785.34 | ₹1,814.58 |
| Net PP&E | — | — | — | — | ₹1,475.19 | ₹1,807.11 | ₹1,854.89 | ₹2,501.70 | ₹3,144.35 | ₹3,365.60 | ₹3,445.86 | ₹3,743.65 |
| Retained earnings | — | — | — | — | ₹2,249.33 | ₹2,475.40 | ₹3,165.41 | ₹3,730.24 | ₹4,285.64 | ₹5,142.91 | ₹5,915.00 | ₹6,602.23 |
Cash flow
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | ₹610.84 | ₹724.64 | ₹795.76 | ₹566.50 | ₹975.97 | ₹1,591.05 | ₹1,269.05 | ₹1,540.04 |
| Capital expenditure | — | — | — | — | ₹-292.77 | ₹-434.95 | ₹-186.09 | ₹-774.02 | ₹-748.04 | ₹-274.99 | ₹-429.44 | ₹-517.97 |
| Free cash flow | — | — | — | — | ₹318.07 | ₹289.69 | ₹609.67 | ₹-207.52 | ₹227.93 | ₹1,316.06 | ₹839.61 | ₹1,022.07 |
| OCF / net profit | — | — | — | — | 1.24 | 1.10 | 1.11 | 0.68 | 1.14 | 1.36 | 1.08 | 1.37 |
| FCF / Capex intensity | — | — | — | — | 4.83 | 6.83 | 2.73 | 8.83 | 7.08 | 2.46 | 3.72 | 4.36 |
Income statement detail
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | — | — | — | — | ₹2,362.25 | ₹2,168.58 | ₹2,424.62 | ₹2,671.54 | ₹3,069.11 | ₹3,740.25 | ₹4,014.27 | ₹4,225.63 |
| Cost of revenue | — | — | — | — | ₹3,699.61 | ₹4,197.24 | ₹4,392.97 | ₹6,090.24 | ₹7,498.73 | ₹7,458.67 | ₹7,530.44 | ₹7,654.62 |
| EBITDA | — | — | — | — | ₹935.54 | ₹1,068.57 | ₹1,202.74 | ₹1,337.52 | ₹1,513.38 | ₹1,873.70 | ₹1,881.45 | ₹1,804.45 |
| Income before tax | — | — | — | — | ₹765.16 | ₹883.16 | ₹978.62 | ₹1,122.29 | ₹1,162.34 | ₹1,556.89 | ₹1,568.47 | ₹1,488.10 |
| Interest expense | — | — | — | — | ₹27.81 | ₹25.80 | ₹35.81 | ₹25.04 | ₹113.01 | ₹2.65 | — | — |
| Tax expense | — | — | — | — | ₹271.27 | ₹265.56 | ₹258.90 | ₹289.34 | ₹301.94 | ₹387.07 | ₹385.66 | ₹360.08 |
| D&A | — | — | — | — | ₹182.27 | ₹191.01 | ₹211.14 | ₹226.51 | ₹264.03 | ₹330.88 | ₹354.19 | ₹392.09 |
| EBITDA margin | — | — | — | — | 15.43% | 16.79% | 17.64% | 15.27% | 14.32% | 16.73% | 16.30% | 15.19% |
Financial ratios
| Metric | 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | — | — | — | — | 1.64 | 1.52 | 1.71 | 1.42 | 1.40 | 1.83 | 2.06 | 2.12 |
| Quick ratio | — | — | — | — | 0.86 | 0.77 | 0.92 | 0.61 | 0.62 | 0.91 | 1.06 | 1.18 |
| Interest coverage | — | — | — | — | 27.09 | 34.01 | 27.69 | 44.37 | 11.06 | 582.20 | — | — |
| Inventory days | 104.00 | 108.00 | 153.00 | 140.00 | 121.70 | 111.18 | 134.28 | 138.79 | 112.88 | 106.67 | 114.69 | 114.12 |
| Receivable days | 47.00 | 47.00 | 46.00 | 49.00 | 40.58 | 41.16 | 54.90 | 44.03 | 43.07 | 42.68 | 48.76 | 48.19 |
| Payable days | 81.00 | 99.00 | 124.00 | 133.00 | 102.30 | 96.41 | 126.93 | 110.79 | 87.22 | 84.17 | 86.54 | 86.53 |
| Cash conversion cycle | 70.00 | 56.00 | 75.00 | 56.00 | 59.97 | 55.93 | 62.24 | 72.03 | 68.73 | 65.18 | 76.91 | 75.78 |
| Working capital days | 17.00 | 26.00 | 33.00 | 37.00 | 31.00 | 28.00 | 43.00 | 34.00 | 31.00 | 46.00 | 53.00 | 49.00 |
| Fixed asset turnover | — | — | — | — | 4.11 | 3.52 | 3.68 | 3.50 | 3.36 | 3.33 | 3.35 | 3.17 |
| ROA | — | — | — | — | 10.82% | 13.41% | 12.16% | 11.55% | 10.79% | 13.95% | 12.93% | 11.20% |
| ROIC | — | — | — | — | 15.48% | 18.23% | 18.70% | 17.01% | 16.52% | 19.47% | 17.35% | 14.50% |
| Gross margin | — | — | — | — | 38.97% | 34.07% | 35.56% | 30.49% | 29.04% | 33.40% | 34.77% | 35.57% |
DuPont 3-Stage ROE Factor Decomposition
Deconstructing Return on Equity into Profitability, Asset Efficiency, and Financial Leverage
Balanced Return EngineFY2025-2026
Net marginProfitability
9.49%
Net Profit generated per ₹100 of revenue (Profitability)
×
Asset turnoverEfficiency
1.18
Revenue generated per ₹1 of total assets (Capital Efficiency)
×
Equity multiplierLeverage
1.45
Total assets supported per ₹1 of shareholder equity (Leverage)
=
Implied DuPont ROEFinal Output
16.29%
Reported: 16.29%
Explore the 3-Stage DuPont Formula: Net Margin × Asset Turnover × Leverage Multiplier.Read DuPont Guide →
Corporate Actions, Dividends & Capital Changes
Chronological Corporate Actions Registry
Historical stock splits, bonus shares, rights issues, and corporate schemes
| Year | Execution Date | Action Type | Ratio / Term |
|---|---|---|---|
| 2026 | 05 Aug 2026 | dividend | 400% |
| 2025 | 05 Aug 2025 | dividend | 380% |
| 2024 | 06 Aug 2024 | dividend | 350% |
| 2023 | 23 Sept 2023 | bonus | 1:5 |
| 05 Aug 2023 | dividend | 320% | |
| 2022 | 20 Aug 2022 | dividend | 310% |
| 2021 | 21 Aug 2021 | dividend | 280% |
| 2020 | 19 Sept 2020 | dividend | 30% |
| 03 Mar 2020 | dividend | 190% | |
| 2019 | 30 Jul 2019 | dividend | 190% |
| 30 Jul 2019 | dividend | 190% | |
| 2018 | 28 Jul 2018 | dividend | 180% |
| 2017 | 29 Jul 2017 | dividend | 175% |
| 2016 | 28 Jul 2016 | dividend | 100% |
| 18 Jul 2016 | bonus | 2:5 | |
| 19 Feb 2016 | dividend | 65% | |
| 2015 | 28 Jul 2015 | dividend | 65% |
| 13 Feb 2015 | dividend | 60% | |
| 09 Jan 2015 | split | 1:2 | |
| 2014 | 18 Jul 2014 | dividend | 110% |
| 2013 | 19 Jul 2013 | dividend | 90% |
| 2012 | 20 Jul 2012 | dividend | 70% |
| 2011 | 22 Jul 2011 | dividend | 40% |
| 15 Mar 2011 | dividend | 25% | |
| 2010 | 15 Jul 2010 | dividend | 55% |
| 2009 | 24 Jul 2009 | dividend | 30% |
| 2008 | 18 Jul 2008 | dividend | 25% |
| 2007 | 17 Jul 2007 | dividend | 20% |
| 23 Feb 2007 | dividend | 30% | |
| 2006 | 13 Oct 2006 | bonus | 3:5 |
| 14 Jul 2006 | dividend | 50% |
Dividend Intelligence & Capital Return History
Historical cash payout track record across 6 dividend distributions
Latest Year DPS:₹4.00
Yield on CMP:0.81%
3Y Dividend CAGR:+7.7%
Annual Dividend Payout Progression (Per Share)Total Cumulative DPS: ₹20.40
₹4.0
2026
₹3.8
2025
₹3.5
2024
₹3.2
2023
₹3.1
2022
₹2.8
2021
| Ex-Date | Amount (Per Share) | Dividend Type |
|---|---|---|
| 05 Aug 2026 | ₹4.00 | Final |
| 05 Aug 2025 | ₹3.80 | Final |
| 05 Aug 2024 | ₹3.50 | Final |
| 04 Aug 2023 | ₹3.20 | Final |
| 18 Aug 2022 | ₹3.10 | Final |
| 18 Aug 2021 | ₹2.80 | Final |
Industry Peer Group & Valuation Spread
Compare valuation multiples and market cap relative to sector competitors
Consumer DurablesCompare Peers in Studio
Market Cap58,230.62 ₹ cr
Beats 85% of 40 industry peers · median 12,557.58 ₹ cr
P/E51.16 x
Beats 63% of 35 industry peers · median 46.03 x
P/B8.33 x
Beats 75% of 36 industry peers · median 5.98 x
ROE6.72%
Beats 15% of 40 industry peers · median 12.82%
ROCE7.75%
Beats 20% of 40 industry peers · median 15.08%
Debt to Equity0.48 x
Beats 68% of 40 industry peers · median 0.37 x
Net Margin8.08%
Beats 28% of 40 industry peers · median 9.89%
Dividend Yield0.81%
Beats 62% of 29 industry peers · median 0.57%
Revenue Growth (YoY)11.97%
Beats 26% of 39 industry peers · median 18.41%
| Company | Market Cap ▼ | P/E | P/B |
|---|---|---|---|
Titan Company Ltd.TITAN | ₹4.55 L | 90.44 | 29.30 |
Asian Paints Ltd.ASIANPAINT | ₹2.47 L | 57.83 | 11.70 |
LG Electronics India Ltd.LGEINDIA | ₹1.15 L | 68.13 | 14.98 |
| ₹90,031.78 | 54.39 | 19.05 | |
Havells India Ltd.HAVELLS | ₹77,108.50 | 45.39 | 8.11 |
Peers are chosen strictly by industry classification. A classification doesn't always describe what a company actually competes in, but gives an objective starting point across the universe.
Regulatory Filings & Market Intelligence
Corporate Filings & Document Vault
SEBI LODR VerifiedAudited Annual Reports, Investor Decks, Earnings Concall Transcripts, and Board Resolutions for Berger Paints India Ltd. (BERGEPAINT)
Indexed Documents5 Filings
Latest Disclosure05 Aug 2026
AGM / EGM05 Aug 2026
Berger Paints India Ltd: Notice of Annual General Meeting and Record Date for Dividend
Concall Transcript11 Jul 2026
Berger Paints India Ltd: Transcript of Earnings Conference Call with Institutional Investors
Shareholding07 Jul 2026
Berger Paints India Ltd: Quarterly Statement of Shareholding Pattern filed with NSE/BSE
Investor Deck26 Jun 2026
Berger Paints India Ltd: Investor Presentation on Q4 Financial Results and Growth Outlook
News
- IndianAPIBreakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 13 August 2026
Breakout stocks to buy or sell: Sumeet Bagadia recommends five breakout stocks to buy today — Berger Paints India, Electronics Mart India, Indo Borax and Chemicals, KRN Heat Exchanger and Refrigeration, and HFCL.
- IndianAPIBerger Paints sees strong demand, monsoon driving growth in FY27
Berger Paints expects double-digit revenue growth to continue through the year as the full benefit of price increases flows through from the September quarter.
- IndianAPIRaja Venkatraman, MarketSmith recommend five stocks for 15 May
The Indian stock market rebounded on May 14, with the Sensex up 790 points. Analysts recommend buying stocks like Nippon Life India Asset Management and Zydus Lifesciences, citing strong market conditions despite geopolitical tensions and high oil prices.
- IndianAPIBerger Paints warns of softer demand due to inflation as FY26 profit falls 4.5%
India’s second-largest paint-maker is turning to staggered price hikes and a sports-heavy ad strategy to combat rising input costs and other disruptions caused by the West Asia conflict.
- IndianAPIBerger Paints Q4 Results: Net profit rises 28% YoY to ₹335 crore; declares ₹4 dividend
Berger Paints India reported a consolidated net profit of ₹335.3 crore for Q4 FY26, marking a 27.5% YoY growth. Revenue increased by 6.1% to ₹2,868 crore, with strong performance in the Decorative segment and improved margins. A dividend of ₹4 per share was also announced.
- IndianAPIA rush of price hikes at companies as margins take priority over volumes
From cement and paints to FMCG, companies are taking calibrated price hikes to offset crude-led cost pressures—but weak demand and inflation risks threaten the margin-volume balance.
- IndianAPIPaint firms get a breather, but will it suffice?
While cooling oil prices and recent price hikes offer temporary relief, a below-normal monsoon forecast and persistent supply-chain risks cast a shadow over the sector's recovery.
- IndianAPIHUL, Dabur, Asian Paints likely to see margin pressure on rising crude and input costs: Axis Securities
The US-Iran conflict is set to affect FMCG, paints, QSR, and retail sectors, according to Axis Securities. Rising oil prices and supply chain disruptions are expected to compress margins, particularly impacting companies like Hindustan Unilever, Asian Paints, and Jubilant FoodWorks.
- IndianAPIPaint stocks in focus: Asian Paints, Berger Paints India, others fall up to 3% as crude oil prices near $113
Shares of several paint companies, including Asian Paints and Berger Paints, fell on March 19 as crude oil prices neared $113, complicating production. This rise is attributed to escalating tensions in the Gulf region, affecting energy infrastructure and causing significant price fluctuations.
- IndianAPIBuy or sell: Vaishali Parekh recommends three stocks to buy today — 12 September 2025
Buy or sell: Vaishali Parekh recommends three stocks to buy today — Jain Irrigation Systems, Berger Paints India, and Thirumalai Chemicals
For informational and educational purposes only. Not investment advice. Data may be delayed or incomplete. Consult a SEBI-registered investment adviser before making investment decisions.