Berger Paints India Limited (BERGEPAINT) AI Stock Analysis

• Market Cap: ₹620.31B
• Dividend Yield: 0.72%
• Average Volume (3M): 16.66K
• Price to Earnings (P/E): 54.3
• Beta (1Y): 0.93
• Revenue Growth: 3.50%
• EPS Growth: -2.19%
• Country: IN
• Employees: 4,445
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 3.00
• Shares Outstanding: 1,165,894,800
• 10 Day Avg. Volume: 11,919
• 30 Day Avg. Volume: 16,664
• PEG Ratio: 44.42
• Price to Book (P/B): 9.35
• Price to Sales (P/S): 5.02
• 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: ₹485.00
• Price Target Upside: -7.78% Downside
• Rating Consensus: Strong Sell
• Number of Analyst Covering: 4

• Rating: 65 Neutral
• Price Target: ₹565.00 ▲(7.43% Upside)

Berger Paints' strong financial performance is the most significant factor, with robust profit margins and stable balance sheet metrics. However, technical indicators suggest a bearish trend, and the high P/E ratio indicates potential overvaluation. The low dividend yield further limits the stock's attractiveness.

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 India Limited generates revenue primarily through the sale of its diverse range of paint products. Its key revenue streams include decorative paints, which account for a significant portion of its sales, serving both residential and commercial sectors. The company also earns from industrial coatings, supplying products to sectors such as automotive, infrastructure, and marine. Additionally, Berger Paints benefits from strategic partnerships and a strong distribution network that enhances its market reach. The company's innovation in product offerings and investment in marketing and branding also contribute to its earnings.

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	36.07B	46.20B	43.89B	37.05B	32.21B	28.59B
EBITDA	19.22B	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: 525.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• 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 525.9 is below the 20-day moving average (MA) of 532.96, below the 50-day MA of 540.58, and above the 200-day MA of 523.46, indicating a neutral trend. The MACD of -3.18 indicates Negative momentum. The RSI at 45.20 is Neutral, neither overbought nor oversold. The STOCH value of 66.62 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	76 Outperform	₹199.22B	17.58	―	1.00%	0.95%	67.04%
INDIGOPNTS	73 Outperform	₹51.50B	36.37	―	0.32%	0.75%	-0.74%
AKZOINDIA	68 Neutral	₹150.82B	37.16	―	2.71%	1.28%	-5.89%
BERGEPAINT	65 Neutral	₹620.31B	54.34	―	0.72%	3.50%	-2.19%
SIRCA	64 Neutral	₹27.21B	51.29	―	0.30%	29.03%	-17.42%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ASIANPAINT	58 Neutral	₹2.26T	62.75	―	1.07%	-3.99%	-29.17%

Berger Paints India Limited Corporate Events

Berger Paints Appoints New Statutory Auditors

Berger Paints India Limited has announced the appointment of M/s B S R & Co. LLP as the new statutory auditors for a term of five years, following the completion of the tenure of M/s S.R. Batliboi & Co. LLP. This change, approved at the company’s 101st Annual General Meeting, marks a significant transition in the company’s auditing process, potentially impacting its financial reporting and compliance strategies.

Berger Paints Appoints New Secretarial Auditor for Five-Year Term

Berger Paints India Limited announced the appointment of Mr. Anjan Kumar Roy as the Secretarial Auditor for a five-year term starting from the financial year 2025-2026. This appointment, approved at the company’s 101st Annual General Meeting, underscores Berger Paints’ commitment to robust corporate governance and compliance, potentially strengthening its industry positioning and stakeholder trust.

Berger Paints Releases Q1 2025 Earnings Call Transcript

Berger Paints India Limited has released the transcript of its earnings conference call for the quarter ending June 30, 2025. This release, following a board meeting on August 5, 2025, provides stakeholders with insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.

Berger Paints Releases Investor Presentation Audio on Q1 2025 Financial Results

Berger Paints India Limited has announced the availability of an audio recording of its investor presentation on the financial results for the quarter ended June 30, 2025. This move aims to enhance transparency and provide stakeholders with easy access to the company’s financial performance, potentially impacting its market positioning and stakeholder relations positively.

Berger Paints Releases Q1 FY26 Financial Results

Berger Paints India Limited has released its investor presentation detailing the financial results for the quarter ending June 30, 2025. This presentation, which will be available on the company’s website, is part of Berger Paints’ ongoing efforts to maintain transparency with stakeholders and provide insights into its financial performance and strategic direction.