Berger Paints India Limited (BERGEPAINT) AI Stock Analysis

• Market Cap: ₹628.20B
• Dividend Yield: 0.71%
• Average Volume (3M): 16.36K
• Price to Earnings (P/E): 58.3
• Beta (1Y): 0.97
• Revenue Growth: 3.90%
• EPS Growth: -5.85%
• Country: IN
• Employees: 4,445
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 1.80
• Shares Outstanding: 1,165,927,200
• 10 Day Avg. Volume: 14,760
• 30 Day Avg. Volume: 16,358
• PEG Ratio: 44.42
• Price to Book (P/B): 9.35
• Price to Sales (P/S): 4.99
• P/FCF Ratio: 68.56
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹415.00
• Price Target Upside: -22.63% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: ₹578.00 ▲(7.77% Upside)

Berger Paints' strong financial performance is the primary driver of its stock score, supported by consistent revenue growth and robust profit margins. However, the technical indicators suggest neutral to slightly bearish momentum, and the high P/E ratio indicates potential overvaluation. The lack of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion and stability.

Profit Margins

High profit margins reflect efficient cost management and pricing power, which contribute to sustainable profitability and competitive advantage.

Balance Sheet Health

A low debt-to-equity ratio indicates financial stability and low risk, providing flexibility for future investments and growth opportunities.

Negative Factors

Cash Flow Challenges

Decreasing free cash flow may limit the company's ability to fund operations and growth initiatives, potentially impacting long-term financial health.

Earnings Decline

A decline in earnings per share growth suggests potential challenges in maintaining profitability, which could affect investor confidence and future valuation.

Cash Flow Fluctuations

Fluctuating cash flows can create uncertainty in financial planning and may hinder the company's ability to consistently invest in growth opportunities.

Berger Paints India Limited Business Overview & Revenue Model

Company Description

Berger Paints India Limited manufactures and sells paints for home, professional, and industrial users in India and internationally. The company offers interior wall coatings, including designer finishes, interior emulsions, ceiling paints, and distempers; exterior wall coatings comprising exterior emulsions and exterior cement paints; exterior texture; self-painting, repair, enamel paint, glow in the dark, wall stencil, wall stickers, multipurpose seal tapes, and enamel spray kits; metal, glass, and wood finishes; and undercoats, such as putty, interior, exterior, and metal primers. It also provides waterproofing solutions; construction chemicals, flooring compounds, bitumen and coal tar-based products, sealants and adhesives, protective and anti-corrosive coatings; powder coatings; GI and automotive coatings; lacquers; and various sanitization products. The company was formerly known as British Paints (India) Limited and changed its name to Berger Paints India Limited in December 1983. Berger Paints India Limited was incorporated in 1923 and is based in Kolkata, India. Berger Paints India Limited is a subsidiary of U.K. Paints India Private Limited.

How the Company Makes Money

Berger Paints generates revenue primarily through the sale of its extensive range of paint products, which includes decorative paints, industrial coatings, and specialty products. The company's revenue model is driven by both retail and institutional sales, with a significant portion coming from the construction and real estate sectors. Key revenue streams include direct sales through a robust network of dealers and distributors, as well as partnerships with large construction firms and real estate developers. Additionally, Berger Paints invests in marketing and brand development to enhance customer loyalty and market penetration, which contributes to its earnings. The company also benefits from economies of scale in manufacturing and distribution, allowing it to maintain competitive pricing while ensuring profitability.

Berger Paints India Limited Financial Statement Overview

Summary

Berger Paints demonstrates strong financial health with consistent revenue growth, robust profit margins, and stable balance sheet metrics. While cash flow generation has seen some decline, the overall financial stability and profitability provide a solid foundation for future growth.

Income Statement

Berger Paints has shown a consistent revenue growth with a 3.99% increase in the latest year. The gross profit margin is strong at 41.42%, and the net profit margin is healthy at 10.23%. EBIT and EBITDA margins are impressive at 34.37% and 16.08% respectively, indicating efficient cost management and strong operational performance.

Balance Sheet

The company maintains a solid equity position with an equity ratio of 67.41%. The debt-to-equity ratio is low at 0.11, suggesting prudent leverage management. ROE is strong at 19.18%, reflecting effective use of equity to generate profits. Overall, the balance sheet reflects financial stability and low risk.

Cash Flow

Free cash flow has decreased year-over-year, indicating potential cash generation challenges. However, the operating cash flow to net income ratio is robust at 1.07, showing good cash conversion from earnings. Despite fluctuations, the cash flow position remains satisfactory.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	116.54B	115.45B	111.99B	105.68B	87.62B	68.18B
Gross Profit	47.13B	46.20B	43.89B	37.05B	32.21B	28.59B
EBITDA	16.65B	15.23B	15.51B	14.37B	12.86B	11.58B
Net Income	11.41B	11.80B	11.68B	8.59B	8.33B	7.20B
Balance Sheet
Total Assets	0.00	91.32B	83.69B	79.67B	72.13B	59.21B
Cash, Cash Equivalents and Short-Term Investments	8.35B	8.34B	5.56B	2.93B	3.95B	6.43B
Total Debt	0.00	6.70B	7.53B	11.89B	10.14B	6.34B
Total Liabilities	-61.67B	29.65B	29.79B	34.65B	32.78B	25.37B
Stockholders Equity	61.67B	61.54B	53.79B	44.94B	39.27B	33.77B
Cash Flow
Free Cash Flow	0.00	8.40B	13.16B	2.28B	-2.08B	6.10B
Operating Cash Flow	0.00	12.69B	15.91B	9.76B	5.67B	7.96B
Investing Cash Flow	0.00	-6.50B	-3.98B	-6.00B	-5.21B	-4.57B
Financing Cash Flow	0.00	-6.06B	-10.69B	-3.63B	-781.30M	-2.82B

Berger Paints India Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 536.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BERGEPAINT, the sentiment is Negative. The current price of 536.35 is below the 20-day moving average (MA) of 554.33, below the 50-day MA of 550.74, and below the 200-day MA of 544.33, indicating a bearish trend. The MACD of -5.60 indicates Positive momentum. The RSI at 38.05 is Neutral, neither overbought nor oversold. The STOCH value of 30.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BERGEPAINT.

Berger Paints India Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KANSAINER	75 Outperform	₹179.45B	15.67	―	1.11%	1.06%	83.53%
INDIGOPNTS	74 Outperform	₹57.10B	39.63	―	0.29%	0.14%	2.95%
AKZOINDIA	69 Neutral	₹142.65B	7.17	―	3.05%	-3.03%	357.65%
BERGEPAINT	67 Neutral	₹628.20B	58.27	―	0.71%	3.90%	-5.85%
SIRCA	64 Neutral	₹26.32B	45.75	―	0.31%	28.27%	23.68%
ASIANPAINT	63 Neutral	₹2.67T	68.55	―	0.90%	-1.30%	-14.72%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Berger Paints India Limited Corporate Events

Berger Paints Releases Investor Presentation Audio for Q2 2025

Berger Paints India Limited announced the availability of the audio recording of its Investor Presentation on Financial Results for the quarter and half year ended September 30, 2025. This move is part of the company’s compliance with SEBI regulations, ensuring transparency and accessibility of financial information to stakeholders.