MarketFriction

Berger Paints India Ltd

NSE BERGEPAINT · BSE 509480 · Paints
₹452.40 -0.67%
NSE close2026-10-01
52 week range391.10 - 594.55
Market cap₹52,260 Cr.
P/E42.6
Nifty 500Midcap 150 Price band 20% Delivery 52.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,7672,8822,5203,0912,7752,9752,7043,2012,8272,9842,8683,584
Expenses2,2942,4022,1692,5692,3402,5032,2762,6722,4752,5132,3862,976
Operating Profit474480351522434472428528352471482607
OPM %17%17%14%17%16%16%16%17%12%16%17%17%
Other Income19204846302726337-56951
Interest212018151716151417141212
Depreciation838387878989899497100101103
Profit before tax389398294466358394350423275352438543
Tax %25%25%24%24%25%25%25%25%25%23%24%25%
Net Profit292300223354270296263315206271335405
EPS in Rs2.502.571.913.032.312.532.252.701.772.332.873.47
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,2234,5525,1666,0626,3666,8188,76210,56811,19911,54511,88012,263
Expenses3,5783,8334,3595,1275,3135,6357,4319,0909,3389,68810,04710,351
Operating Profit6457198079351,0531,1821,3311,4781,8611,8561,8331,912
OPM %15%16%16%15%17%17%15%14%17%16%15%16%
Other Income40108466069516848105129104152
Interest271625474744519978635856
Depreciation99108124182191211227264331354392401
Profit before tax5597037057658839791,1221,1621,5571,5681,4881,608
Tax %34%33%35%35%26%26%26%26%25%25%24%
Net Profit3714744614946567208338601,1701,1831,1281,218
EPS in Rs3.184.073.954.245.646.177.147.3710.0210.129.6610.44
Dividend Payout %31%36%38%37%32%38%36%36%35%38%41%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%12%4%5%
Compounded Profit Growth12%10%10%5%
Stock Price CAGR8%-8%-8%-13%
Return on Equity21%20%20%17%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital696997979797979797117117117
Reserves1,1911,4931,8042,0972,3472,5633,2803,8304,3975,2626,0386,800
Borrowings6103544064227537676341,0141,189753670635
Other Liabilities8469601,1321,3261,3601,4721,9072,2712,2832,2362,3002,484
Total Liabilities2,7162,8773,4403,9434,5574,9005,9187,2117,9668,3689,12510,035
Fixed Assets9319631,1361,2671,5831,9162,0442,1873,3323,5003,6773,841
CWIP100516297170178107606111189125316
Investments1343484723333953153562341832555331,189
Other Assets1,5501,5151,7692,2452,4092,4903,4114,1854,3414,4244,7904,689
Total Assets2,7162,8773,4403,9434,5574,9005,9187,2117,9668,3689,12510,035
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity4145953944226117257965669761,5911,2691,540
Cash from Investing Activity-184-259-308-183-379-223-457-521-600-398-650-974
Cash from Financing Activity-198-368-82-200-259-479-282-78-363-1,069-606-613
Net Cash Flow32-32438-272257-331312414-47
Free Cash Flow254477130132320294611-1932321,3218451,037
CFO/OP105%120%85%87%91%94%89%65%87%104%89%102%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days474746494041554443424948
Inventory Days104108153140138142174178142134143144
Days Payable8199124133112118161139108103105105
Cash Conversion Cycle705675566765678377738687
Working Capital Days172633373128433431465349
ROCE %25%30%31%29%27%28%27%26%24%28%25%22%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.99%74.98%74.98%74.98%
FIIs10.89%10.68%10.66%7.51%6.98%5.94%5.75%5.59%5.35%5.25%4.68%4.82%
DIIs4.06%4.67%5.17%7.57%8.77%9.60%10.11%10.45%10.71%11.08%11.71%11.78%
Public10.05%9.65%9.17%9.93%9.24%9.47%9.15%8.97%8.95%8.68%8.63%8.40%
No. of Shareholders3,99,7143,92,6563,71,4114,24,3743,73,1103,92,1763,78,3093,53,7953,43,4963,23,0083,26,7013,12,571

Fundamentals

Market Cap₹ 52,260 Cr.
Current Price₹ 448
Stock P/E42.6
Book Value₹ 59.3
ROCE21.6 %
ROE17.3 %
Dividend Yield0.89 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)5%
Consolidated figures.
Valuation
Market capRs 52,745 Cr
Enterprise valueRs 53,075 Cr
P/E (TTM)43.36x
Price to book7.63x
Price to sales4.30x
EV / EBITDA25.71x
EV / EBIT31.91x
EV / sales4.33x
Price to cash flow34.25x
Earnings yield2.31%
Dividend yield0.88%
P/E, 3-year average49.68x
P/B, 3-year average9.60x
P/E, 5-year average54.37x
P/B, 5-year average10.74x
Profitability
Operating margin (excl. other income)15.43%
Operating margin (incl. other income)16.31%
EBITDA margin16.84%
Pre-tax margin13.11%
Net profit margin9.92%
Net margin, latest quarter11.28%
ROE17.24%
ROCE21.50%
ROA11.76%
ROE, 3-year average20.46%
ROCE, 3-year average24.79%
ROA, 3-year average13.19%
ROE, 5-year average20.92%
ROCE, 5-year average24.87%
ROA, 5-year average12.71%
ROIC (approx.)17.40%
Tax rate24.20%
Other income / net worth1.51%
Growth
Sales growth (latest year)2.91%
Profit growth (latest year)-4.53%
Sales CAGR, 3 years3.98%
Sales CAGR, 5 years11.75%
Profit CAGR, 3 years9.45%
Profit CAGR, 5 years9.38%
Sales growth QoQ24.96%
Profit growth QoQ20.78%
Sales growth YoY (latest quarter)11.97%
Profit growth YoY (latest quarter)28.51%
Per share
EPS (TTM)Rs 10.43
EPS (latest year)Rs 9.67
EPS (latest quarter)Rs 3.47
EPS, 3-year averageRs 9.94
EPS, 5-year averageRs 9.45
Book value per shareRs 59.32
Sales per shareRs 105.18
Cash flow per shareRs 13.21
Free cash flow per shareRs 8.89
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 3.77
Dividend per share, 5-year averageRs 3.52
Dividends
Dividend payout41.39%
Dividend payout, 3-year average37.95%
Dividend payout, 5-year average37.24%
Efficiency
Asset turnover1.18x
Fixed asset turnover3.09x
Inventory turnover3.30x
Inventory days111 days
Debtor days48 days
Debtors turnover7.59x
Creditor days105 days
Cash conversion cycle87 days
Working capital days49 days
Leverage
Total debtRs 635 Cr
Cash and bankRs 305 Cr
Net debtRs 330 Cr
Debt to equity0.09x
Net debt / EBITDA0.16x
Interest coverage29.95x
Current ratio (filing 2026-03-31)2.12x
Quick ratio (filing 2026-03-31)1.18x
Trade payables (filing 2026-03-31)Rs 1,745 Cr
Owners' fund to total sources68.92%
Debt to assets6.33%
Cash flow
Cash from Operating Activity (latest year)Rs 1,540 Cr
Cash from Investing Activity (latest year)Rs -974 Cr
Cash from Financing Activity (latest year)Rs -613 Cr
Net Cash Flow (latest year)Rs -47 Cr
Free cash flow (latest year)Rs 1,037 Cr
FCFE (approx.: FCF + change in debt)Rs 1,002 Cr
Cash from ops / profit, 5 years1.15x
Sales to cash flow7.71x
Statement figures
Net sales (TTM)Rs 12,263 Cr
Net sales (latest year)Rs 11,880 Cr
Sales (latest quarter)Rs 3,584 Cr
Operating profit excl. other income (latest year)Rs 1,833 Cr
Operating profit (latest quarter)Rs 607 Cr
Other income (TTM)Rs 152 Cr
EBITDA (TTM)Rs 2,065 Cr
PBDT (TTM)Rs 2,009 Cr
Profit before tax (TTM)Rs 1,608 Cr
Tax (latest year)Rs 360 Cr
Net profit (TTM)Rs 1,217 Cr
Net profit (latest year)Rs 1,127 Cr
Net profit (latest quarter)Rs 404 Cr
Depreciation (TTM)Rs 401 Cr
Depreciation (latest quarter)Rs 103 Cr
Interest (TTM)Rs 56 Cr
Cost of goods sold (latest year)Rs 7,896 Cr
Total expenditure (latest year)Rs 10,047 Cr
Total income (latest year)Rs 11,985 Cr
Share capitalRs 117 Cr
ReservesRs 6,800 Cr
Shareholders' fundsRs 6,916 Cr
Total assetsRs 10,035 Cr
Net blockRs 3,841 Cr
Capital work in progressRs 316 Cr
InvestmentsRs 1,189 Cr
ReceivablesRs 1,565 Cr
InventoryRs 2,393 Cr
Other liabilitiesRs 2,484 Cr
Shares outstanding (crore)116.59
Ownership
Promoter holding74.98% (-0.01 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 43.4 is the lowest in its own 9.4-year history (median 67.9, low 43.4, high 119.0).
P/B 7.63 is the lowest in 9.4 years (median 14.39).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodBERGEPAINTNifty 50Difference
1 week+0.7%-2.8% +3.4 pts
1 month-7.8%-6.8% -1.0 pts
3 months-12.9%-7.6% -5.3 pts
6 months+10.3%+0.4% +9.9 pts
1 year-14.8%-9.9% -4.9 pts
2 years-26.4%-13.6% -12.9 pts
3 years-20.5%+14.2% -34.6 pts
5 years-33.0%+27.9% -60.9 pts
105 mutual fund schemes hold about ₹4,744 Cr. Over three months 89 bought more and 7 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Large & Midcap Fund2.35%996 +8%
SBI Multicap Fund2.23%548 +8%
SBI Midcap Fund2.08%511 +20%
SBI Midcap Fund2.08%507 +20%
Nippon India Multi Cap Fund0.62%350 +9%
UTI Flexi Cap Fund0.85%205 +9%
SBI ELSS Tax Saver Fund0.50%159 +12%
UTI Mid Cap Fund0.97%124 +6%
WOC Mid Cap Fund1.53%115 +25%
Axis Large & Mid Cap Fund0.61%105 +7%
SBI Consumption Opp Fund3.67%104 +9%
Axis Large & Mid Cap Fund0.61%102 +7%
Bajaj Finserv Large & Mid Cap Fund2.85%70 -2%
Edelweiss Mid Cap Fund0.35%70 +0%
SBI Flexicap Fund0.26%60 -33%
Axis Multicap Fund0.54%59 -2%
Sundaram Mid Cap Fund0.38%56 +6%
SBI ESG Exclusionary Strategy Fund1.02%55 +12%
Sundaram Mid Cap Fund0.38%55 +6%
Axis Consumption Fund1.49%39 +29%
SBI Retirement Benefit Fund-Aggressive Plan1.04%34 +8%
Nippon India Consumption Fund1.16%29 +11%
UTI Multi Cap Fund1.23%27 +5%
NJ Flexi Cap Fund0.91%25 +9%
WOC Large & Mid Cap Fund0.84%21 +35%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2025-12-29U.K Paints (India) Pvt. Ltd.Promotersother168,788,138Rs 16.88 CrScheme of Amalgamation/M
2025-12-29Jenson & Nicholson (Asia) LimitedPromotersother168,788,138Rs 16.88 CrScheme of Amalgamation/M
2025-12-22Satyam JaiswalEmployees/Designated Employesell327Rs 0.02 CrMarket Sale
2025-12-03Amit ChatterjeeEmployees/Designated Employesell300Rs 0.02 CrMarket Sale
2025-11-21Ranjit ChakravortyEmployees/Designated Employesell150Rs 0.01 CrMarket Sale
2025-11-18INDRAJIT AMAL MAJUMDAREmployees/Designated Employesell400Rs 0.02 CrMarket Sale
2025-11-12INDRAJIT AMAL MAJUMDAREmployees/Designated Employesell300Rs 0.02 CrMarket Sale
2025-11-10INDRAJIT AMAL MAJUMDAREmployees/Designated Employesell300Rs 0.02 CrMarket Sale
2025-09-08Ashwani Kumar DasEmployees/Designated Employesell800Rs 0.04 CrMarket Sale
2025-09-04SUJYOTI MUKHERJEEEmployees/Designated Employesell1,000Rs 0.05 CrMarket Sale
2025-09-03SUJYOTI MUKHERJEEEmployees/Designated Employesell3,000Rs 0.16 CrMarket Sale
2025-06-27INDRAJIT AMAL MAJUMDAREmployees/Designated Employesell500Rs 0.03 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹3,584 Cr +12.0% vs Jun 2025. Net profit ₹405 Cr +28.6%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
Asian Paints Ltd231,64647.526.3 %
Kansai Nerolac Paints Ltd14,66722.812.0 %
JSW Dulux Ltd13,81936.022.7 %
Indigo Paints Ltd5,16331.217.9 %
Sirca Paints India Ltd2,32034.620.3 %
Shalimar Paints Ltd652-7.93 %
Kamdhenu Ventures Ltd1342.23 %
Siddhika Coatings Ltd12913.431.9 %
Retina Paints Ltd5687.85.20 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-08-05Dividend - Rs 4 Per Share
2025-08-05Dividend - Rs 3.80 Per Share
2024-08-05Annual General Meeting/Dividend - Rs 3.50 Per Share
2023-09-22Bonus 1:50.8333
2023-08-04Annual General Meeting/Dividend - Rs 3.20 Per Share
2022-08-18Annual General Meeting/Dividend - Rs 3.10 Per Share
2021-08-18 Annual General Meeting/Dividend - Rs 2.80 Per Share
2020-09-17 Annual General Meeting/Dividend - Rs 0.30 Per Share
2020-03-02 Interim Dividend - Rs 1.90 Per Share
2019-07-26 Annual General Meeting/Dividend - Rs 1.90 Per Share
2018-07-26 Annual General Meeting/Dividend- Rs 1.80 Per Share
2017-07-27 Annual General Meeting/Dividend - Rs 1.75/- Per Share
2016-07-26 Annual General Meeting/ Dividend - Re 1/- Per Share
2016-07-15 Bonus 2:50.7143
2016-02-17 Interim Dividend Re 0.65 Per Share
2015-07-24Annual General Meeting/Dividend - Re 0.65/- Per Share
2015-02-12Interim Dividend - Re 0.60/- Per Share
2015-01-08Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share0.5000
2014-07-16Annual General Meeting/ Dividend - Rs 2.20/- Per Share
2013-07-17Annual General Meeting And Dividend Rs.1.80 Per Share
2012-07-18Annual General Meeting/Dividend Rs 1.40 Per Share
2011-07-20Annual General Meeting And Dividend Re.0.80 Per Share
2011-03-14Interim Dividend - Re. 0.50 Per Share
2010-07-13Annual General Meeting And Dividend Re.1.10 Per Share
2009-07-22Agm/Div-Re.0.60 Per Share
2008-07-16Agm/Dividend - 25%
2007-07-13Agm/Final Dividend-20%
2007-02-22Interim Dividend-30%
2006-10-12Bonus 3:50.6250
2006-07-12Agm/Final Dividend-50%
DateTypeWhat it says
2026-09-15Concall / analyst meetSchedule of meet
2026-09-08Commencement of commercial pCommencement of commercial production/operations
2026-09-03Shareholder meetingNotice of Postal Ballot
2026-08-31Director changeChange in Director(s) of the company.
2026-08-31Board meeting outcomeOutcome of Board Meeting held on August 31, 2026.
2026-08-24General UpdatesGeneral Updates
2026-08-12Shareholder meetingProceedings of 102nd AGM
2026-08-12AppointmentAppointment of Mr Abhijit Roy as Managing Director & CEO of the company w.e.f. July 01, 2027.
2026-08-12Shareholder meetingScrutinizers Report
2026-08-06Concall / analyst meetTranscript
2026-08-06Concall / analyst meetLink of Recording
2026-08-05Investor PresentationInvestor Presentation
2026-08-05Board meeting outcomeBerger Paints (I) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-27Concall / analyst meetSchedule of meet
2026-07-21UpdatesWeblink of Notice & Integrated Report for the F.Y 2025-26.
2026-07-21UpdatesSubmission of BRSR Report for FY 2025-26.
2026-07-21Shareholder meetingShareholders meeting
2026-06-24Record DateRecord date for the purpose of Dividend & Meeting is 05-Aug-2026.
2026-06-24UpdatesAGM, Book Closure, Record Date and Dividend.
2026-06-15Disclosure under SEBI TakeovU K Paints (India) Private Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of I...
2026-06-09UpdatesDeduction of Tax at source on Dividend.
2026-06-01Concall / analyst meetSchedule of meet
2026-05-19Concall / analyst meetSchedule of meet
2026-05-14Concall / analyst meetTranscript
2026-05-13UpdatesIntimation regarding merger of CB Management Services Private Limited with MUFG Intime India Private Limited.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-03-17NCLTBerger Paints India Ltd. Vs Atlas Cycles (Haryana) Ltd.
2021-02-19NCLTBerger Paints India Ltd. Vs Atlas Cycles (Haryana) Ltd.
2021-01-05NCLTBerger Paints India Ltd. Vs Atlas Cycles (Haryana) Ltd.
2020-11-10NCLTBerger Paints India Ltd. Vs Precision Engineers & Febricators Pvt.Ltd.
2020-10-20NCLTDalhousie Holdings Limited Vs Berger Paints India Limited
2019-03-11NCLTM/s. Berger Paints India Ltd Vs M/s. Tecpro System Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Berger Paints India Ltd?

Berger Paints India Ltd (BERGEPAINT) has a market capitalisation of Rs 52,260 Cr. at the 2026-10-01 close.

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

Berger Paints India Ltd trades at a P/E of 42.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Berger Paints India Ltd's latest quarterly results?

In the Jun 2026 quarter, Berger Paints India Ltd sales was Rs 3,584 Cr (+12.0% vs Jun 2025) and net profit was Rs 405 Cr.

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

The 52-week high is Rs 594.55 and the 52-week low is Rs 391.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03