Berger Paints India Limited (IN:BERGEPAINT)
:BERGEPAINT
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Berger Paints India Limited
(BERGEPAINT)
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Rating:66Neutral
Price Target:
₹596.00
▲(12.80% Upside)
Action:Reiterated
Date:06/20/26
The score is supported primarily by strong financial fundamentals (low leverage and healthy profitability) and a constructive technical setup (trading above key moving averages). The main constraint is valuation: the high P/E and low dividend yield imply elevated expectations and limit upside if growth or margins soften.
Positive Factors
Conservative balance sheet
Low leverage and steadily growing equity give Berger durable financial flexibility. A conservatively financed balance sheet supports capital expenditure, network expansion and M&A optionality, and reduces solvency risk during cyclical slowdowns, preserving long-term strategic optionality.
Negative Factors
Slowing revenue growth
Top-line expansion has decelerated to low-single digits, reducing the benefit of operating leverage and raising execution demands. In a cyclical end market tied to housing, slower revenue growth makes margin and earnings expansion harder without sustained mix improvement or higher pricing.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and steadily growing equity give Berger durable financial flexibility. A conservatively financed balance sheet supports capital expenditure, network expansion and M&A optionality, and reduces solvency risk during cyclical slowdowns, preserving long-term strategic optionality.
Read all positive factors
Berger Paints India Limited (BERGEPAINT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹627.60B
Dividend Yield0.7%
Average Volume (3M)16.36K
Price to Earnings (P/E)55.7
Beta (1Y)0.88
Revenue Growth2.91%
EPS Growth-4.56%
CountryIN
Employees4,445
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)9.35
Shares Outstanding1,166,002,800
10 Day Avg. Volume14,760
30 Day Avg. Volume16,358
Financial Highlights & Ratios
PEG Ratio-9.34
Price to Book (P/B)6.91
Price to Sales (P/S)4.02
P/FCF Ratio45.65
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)11.03
Revenue Forecast (FY)₹133.49B
Berger Paints India Limited Business Overview & Revenue Model
Company Description
Berger Paints India Limited is a prominent producer and distributor of a diverse range of paint products, catering to domestic, commercial, and industrial clients both within India and across global markets. Its extensive product portfolio encompa...
How the Company Makes Money
Berger Paints makes money primarily by manufacturing and selling paints and coatings, with revenue largely driven by (1) decorative paints and home-improvement coatings sold to retail customers and institutional buyers, and (2) industrial/protecti...
Berger Paints India Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 117.07B | 118.80B | 115.45B | 111.99B | 105.68B | 87.62B |
| Gross Profit | 43.89B | 37.48B | 46.20B | 43.89B | 37.05B | 32.21B |
| EBITDA | 16.10B | 19.38B | 15.23B | 15.51B | 14.37B | 12.86B |
| Net Income | 10.78B | 11.27B | 11.80B | 11.68B | 8.59B | 8.33B |
Balance Sheet | ||||||
| Total Assets | 94.57B | 100.57B | 91.32B | 83.69B | 79.67B | 72.13B |
| Cash, Cash Equivalents and Short-Term Investments | 7.89B | 12.59B | 8.34B | 5.56B | 2.93B | 3.95B |
| Total Debt | 6.97B | 6.35B | 6.70B | 7.53B | 11.89B | 10.14B |
| Total Liabilities | 31.65B | 31.27B | 29.65B | 29.79B | 34.65B | 32.78B |
| Stockholders Equity | 62.79B | 69.16B | 61.54B | 53.79B | 44.94B | 39.27B |
Cash Flow | ||||||
| Free Cash Flow | 4.56B | 10.47B | 8.40B | 13.16B | 2.28B | -2.08B |
| Operating Cash Flow | 6.47B | 15.65B | 12.69B | 15.91B | 9.76B | 5.67B |
| Investing Cash Flow | -1.69B | -10.12B | -6.50B | -3.98B | -6.00B | -5.21B |
| Financing Cash Flow | -5.03B | -6.01B | -6.06B | -10.69B | -3.63B | -781.30M |
Berger Paints India Limited Technical Analysis
Positive
528.35
Price Trends
500.32
Positive
472.13
Positive
506.28
Positive
Market Momentum
11.54
Negative
59.61
Neutral
61.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BERGEPAINT, the sentiment is Positive. The current price of 528.35 is above the 20-day moving average (MA) of 515.14, above the 50-day MA of 500.32, and above the 200-day MA of 506.28, indicating a bullish trend. The MACD of 11.54 indicates Negative momentum. The RSI at 59.61 is Neutral, neither overbought nor oversold. The STOCH value of 61.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BERGEPAINT.
Berger Paints India Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹2.54T | 58.51 | ― | 0.89% | 4.95% | 17.96% | |
69 Neutral | ₹47.94B | 33.31 | ― | 0.30% | 4.80% | 2.29% | |
69 Neutral | ₹171.69B | 29.28 | ― | 1.11% | 2.93% | -48.43% | |
66 Neutral | ₹627.60B | 55.67 | ― | 0.70% | 2.91% | -4.56% | |
64 Neutral | ₹145.52B | 7.38 | ― | 3.04% | -11.49% | 359.56% | |
62 Neutral | ₹23.11B | 34.98 | ― | 0.30% | 31.68% | 30.03% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
IN:BERGEPAINT
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Berger Paints India Limited Corporate Events
Berger Paints Posts Q4 FY26 Investor Call Recording Online
May 12, 2026
Berger Paints India Limited has informed stock exchanges that an audio recording of its investor presentation on the company’s financial results for the fourth quarter of FY 2025-26 is now available on its website. The disclosure, made in co...
Berger Paints clears FY26 results, dividend and extends CEO tenure
May 12, 2026
Berger Paints India Limited’s board has approved the audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026, with the statutory auditors issuing an unmodified opinion, underscoring confidence...
Berger Paints Confirms SEBI Dematerialisation Compliance for March 2026 Quarter
Apr 6, 2026
Berger Paints India Limited has notified stock exchanges that it has received a compliance certificate from its registrar and transfer agent, C B Management Services Pvt. Ltd., for the quarter ended 31 March 2026 under Regulation 74(5) of the SEBI...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.