BERGEPAINT

BERGER PAINTS (INDIA)

Large Cap BSE: 509480 NSE: BERGEPAINT
₹622.2
5.8 (0.94%)
  • Advice
  • Hold
As on 05 December, 2022 | 17:30

Berger Paints (India) Performance

Day Range

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52 Week Range

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Berger Paints (India) Share Price

Berger Paints (India) Share Returns

  • Over 1 Month 4.43%
  • Over 3 Month -6.91%
  • Over 6 Month -0.07%
  • Over 1 Year -16.35%

Berger Paints (India) Key Statistics

P/E Ratio 63.9
PEG Ratio 5.2
Market Cap Cr 60,437
Price to Book Ratio 15.4
EPS 7.6
Dividend 0.5
Relative Strength Index 53.75
Money Flow Index 67.76
MACD Signal 1.07
Average True Range 11.72

Berger Paints (India) Investment Rating

  • Master Rating:
  • Berger Paints India has an operating revenue of Rs. 10,168.90 Cr. on a trailing 12-month basis. An annual revenue growth of 28% is outstanding, Pre-tax margin of 13% is healthy, ROE of 21% is exceptional. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth across business cycles. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 88 which is a GOOD score indicating consistency in earnings, a RS Rating of 26 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 108 indicates it belongs to a poor industry group of Chemicals-Paints and a Master Score of C is fair but needs to improve. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Berger Paints (India) Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 2,3742,4891,9282,2561,9381,6191,797
Operating Expenses Qtr Cr 2,0552,1151,6141,9131,6341,3981,494
Operating Profit Qtr Cr 318374314344304221303
Depreciation Qtr Cr 55565249494748
Interest Qtr Cr 211412121189
Tax Qtr Cr 66806776664668
Net Profit Qtr Cr 191234203220192135185

Berger Paints (India) Technicals

EMA & SMA

Current Price
622.
5.6 (0.91%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 611.34
  • 50 Day
  • 614.01
  • 100 Day
  • 623.35
  • 200 Day
  • 646.32
  • 20 Day
  • 608.62
  • 50 Day
  • 610.12
  • 100 Day
  • 625.41
  • 200 Day
  • 641.34

Berger Paints (India) Resistance and Support

PIVOT
₹616.94
Resistance
First Resistance 619.87
Second Resistance 623.34
Third Resistance 626.27
RSI 53.75
MFI 67.77
MACD Single Line 1.07
MACD 3.05
Support
First Resistance 613.47
Second Resistance 610.54
Third Resistance 607.07

Berger Paints (India) Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 563,772 36,943,979 65.53
Week 754,448 36,983,061 49.02
1 Month 837,951 35,462,102 42.32
6 Month 1,029,417 38,706,095 37.6

Berger Paints (India) Result Highlights

Berger Paints (India) Synopsis

NSE-Chemicals-Paints

Berger Paints I is involved in the business activities of Manufacture of other chemical products. Company’s Total Operating Revenue is Rs. 7740.93 Cr. and Equity Capital is Rs. 97.13 Cr. for the Year ended 31/03/2022. Berger Paints (India) Ltd. is a Public Limited Listed company incorporated on 17/12/1923 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L51434WB1923PLC004793 and registration number is 004793.
Market Cap 60,418
Sales 9,046
Shares in Float 24.28
No of funds 554
Yield 0.5
Book Value 15.91
U/D Vol ratio 0.9
LTDebt / Equity
Alpha -0.09
Beta 0.95

Berger Paints (India)

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 74.99%74.99%74.99%
Mutual Funds 1.44%1.01%0.86%
Insurance Companies 1.48%2.27%2.26%
Foreign Portfolio Investors 11.13%11.03%11.28%
Financial Institutions/ Banks 0.02%0.1%0.1%
Individual Investors 7.94%7.73%7.63%
Others 3%2.87%2.88%

Berger Paints (India) Management

Name Designation
Mr. Kuldip Singh Dhingra Chairman
Mr. Gurbachan Singh Dhingra Vice Chairman
Mr. Abhijit Roy Managing Director & CEO
Mr. Kanwardip Singh Dhingra Executive Director
Mrs. Rishma Kaur Executive Director
Mr. Pulak Chandan Prasad Independent Director
Mr. Naresh Gujral Independent Director
Mrs. Sonu Halan Bhasin Independent Director
Dr. Anoop Kumar Mittal Independent Director
Mr. Anoop Hoon Independent Director

Berger Paints (India) Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Berger Paints (India) Corporate Action

Date Purpose Remarks
2022-11-10 Quarterly Results
2022-08-04 Quarterly Results
2022-05-26 Audited Results & Dividend
2022-02-09 Quarterly Results
2021-11-10 Quarterly Results

Berger Paints (India) MF Shareholding

Name Amount(cr)
UTI Flexi Cap Fund Regular Plan Growth 26133
Kotak Equity Arbitrage Fund Growth 22082
ICICI Prudential Equity Arbitrage Fund Regular Growth 10891
Nippon India Arbitrage Fund Growth 9008
SBI Arbitrage Opportunities Fund Regular Growth 6973

About Company

Berger paints India limited is the second largest paint company after Asian paints in the country and is headquartered in Kolkata, West Bengal. It has consistently been one of the fastest growing paint companies quarter on quarter, for the past few years. They offer a wide range of innovative painting solutions, industrial or decorative.  They have manufacturing plants in West Bengal, Uttar Pradesh, Jammu & Kashmir, Pondicherry, and Goa. It also has a global presence in four countries- Nepal, Bangladesh, Poland, and Russia. 

It has 16 strategically located manufacturing units across India, and approximately 162 stock points. The company also has a global presence in four countries (Nepal, Bangladesh, Poland and Russia). Berger is regarded as a game changer in the sector, as it offers a vibrant portfolio of paints and tailor-made customer services in every paint segment. It has a vast distribution network of 25,000+ dealers.


Products offered by Berger paints:
Chemicals
Decorative paints
Industrial finishing products
Coatings

History of Berger Paints Limited 

If we talk about its history, it has come a long way. Mr. Hadfield, an Englishman, founded Hadfield's (India) Ltd, a small paint company in Calcutta, in December 1923.

In 1973, the company started generating new products in the marine, industrial and decorative segments. In 1997, at Pondicherry, a new manufacturing unit was inaugurated and in 1999, Rajdoot paints limited was merged with Berger Paints. In 2000, the company acquired Jenson & Nicholson Nepal private limited which was later renamed Berger Jenson & Nicholson, Nepal. 

The company's subsidiary companies are Berger Jenson & Nicholson (Nepal), Beepee Coatings,  and Berger paints overseas. In 2016, Berger Paints India Limited won first prize in NECA, and in 2004, the company has bagged the top taxpayer's award. 
 

Berger Paints (India) FAQs

What is Share Price of Berger Paints (India) ?

Berger Paints (India) share price is ₹622 As on 05 December, 2022 | 17:16

What is the Market Cap of Berger Paints (India) ?

The Market Cap of Berger Paints (India) is ₹60437.3 Cr As on 05 December, 2022 | 17:16

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

The P/E ratio of Berger Paints (India) is 63.9 As on 05 December, 2022 | 17:16

What is the PB ratio of Berger Paints (India) ?

The PB ratio of Berger Paints (India) is 15.4 As on 05 December, 2022 | 17:16

Is it a good time to invest in the Berger Paints?

Berger Paints India has an operating revenue of Rs.8,167.78 Cr. on a trailing 12-month basis. An annual revenue growth of 7% is good, Pre-tax margin of 14% is healthy.

How many times have Berger Paints given dividends since 2001?

Berger Paints (India) Ltd. has declared 31 dividends since Feb. 28, 2001.

What is the stock price CAGR of the Berger Paints?

The stock price CAGR of the Berger Paints for 10 Years is 37%, 5 Years is 30%, 3 Years is 34%, 1 Year is -2%.

What is the debt-to-equity ratio of the Berger Paints?

The debt-to-equity ratio of the Berger Paints is 21% which is exceptional.

What is the ROE of the Berger Paints?

The ROE of the Berger Paints is 21% which is exceptional.

Who is the Managing Director of Berger Paints?

Mr. Abhijit Roy is the Managing Director & CEO of Berger Paints since 1st July 2012.

Can we hold Berger's paints for the long term?

The company is a market leader in the paints industry and has shown consistent revenue growth. So, you can consider buying Berger paints stock for the long term. 

Q2FY23