BERGEPAINTConsumer Durables

Berger Paints (I) Limited

Paints · ISIN INE463A01038 · BSE 509480 · NSE EQ · FV ₹1
Last price
₹449
+0.10%today
What this company does

Berger Paints (I) Limited operates in Paints, part of the Consumer Durables sector. It booked ₹3,584 cr of revenue in its latest quarter (Q1 FY27) and kept 11.3% of sales as profit. It is the 2nd largest of 8 Paints companies we track, by market value.

Their stated vision

to be our the ease of doing business.

In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Consumer Durables, on all six measures of filed financials. Each measure is ranked against the 7–41 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
oversold
RSI (14)
24

At close. Not part of the score.

Profitability & returns82

How much profit it earns on the money it employs

Balance sheet66

How much it owes, and whether earnings cover the interest

Cash quality75

Whether reported profit actually arrives as cash

Growth & consistency41

Whether sales and profit have grown, and how steadily

Valuation67

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 12% vs last year
Profit up 29% vs last year
Promoters hold 75%
No promoter shares pledged
Strong 23% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in BERGEPAINT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹449 +0.10%
latest close · 2026-09-17
1-year return
-31.6%
52-wk low ₹44452-wk high ₹714
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio32.3High
LowAverageHigh
P/B ratio7.56High
Below bookModerateHigh
EV / EBITDA20.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity23.4%Strong
WeakFairStrong ▸15%
Return on capital29.0%Strong
WeakFairStrong
Net margin11.3%Decent
ThinDecentStrong
EBITDA margin18.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.09Comfortable
LowModerateHigh ▸1
Interest cover43.6×Strong
RiskyOkayStrong ▸5×
Current ratio2.12Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹52,307 cr
Book value
₹59
EPS
₹3.47
latest quarter
Net debt
₹428 cr
owes more than its cash
Enterprise value
₹52,735 cr
EBITDA
₹2,585 cr
annualised
EBIT
₹2,173 cr
annualised
Operating margin
15.2%
Return on assets
16.1%
Earnings yield
3.09%
P/S
3.65
Sales / share
₹122.9
Tax rate
25.9%
Face value
₹1
Shares
116.6 cr
Working capital
₹2,861 cr
Current assets
₹5,427 cr
Current liabilities
₹2,566 cr
Delivery %
51.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedHigh confidence
Median of 3 models ₹231 vs market price ₹449 — price is 94% above it
Safety cushion-94.3%(target ≥ +20%)
Models span ₹128₹254, midpoint ₹231
Model ₹231
Price ₹449
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹3,584 cr
Other Income₹39 cr
Total Income₹3,623 cr
Cost of Materials₹1,917 cr
Purchases of Stock-in-Trade₹303 cr
Inventory Change (±)₹-101 cr
Employee Benefit Expense₹245 cr
Finance Costs₹12 cr
Depreciation & Amortisation₹103 cr
Other Expenses₹613 cr
Total Expenses₹3,092 cr
Profit before Tax₹531 cr
Tax Expense₹138 cr
Share of JV / Associates₹12 cr
Net Profit₹405 cr
Net margin on total income11.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2,119 cr58.3%
Employee benefit expense₹245 cr6.7%
Finance costs₹12 cr0.3%
Depreciation & amortisation₹103 cr2.8%
Other expenses₹613 cr16.9%
Tax expense₹138 cr3.8%
Profit for the period₹405 cr11.1%
Total income ₹3,623 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,984 cr2,868 cr3,584 cr
Total income3,015 cr2,890 cr3,623 cr
Expenses2,627 cr2,499 cr3,092 cr
Profit before tax334 cr428 cr531 cr
Tax81 cr103 cr138 cr
Net profit (owners' share)271 cr335 cr404 cr
Net margin (owners' share, on revenue)9.1%11.7%11.3%
EPS (₹)2.332.873.47
YoY (latest quarter): total income +12.2% · net profit +28.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹10,057 cr
Shareholder equity
₹6,916 cr
parent shareholders
Total debt
₹635 cr
Cash
₹207 cr
Cash flow · H1 FY26
Operating
₹647 cr
Investing
₹-169 cr
Financing
₹-503 cr
Peer comparison
Paints · by market value
CompanyPriceMarket capP/E
Asian Paints Limited₹2,454₹2.35 L cr38.2
Berger Paints (I) Limitedthis company₹449₹52,307 cr32.3
Kansai Nerolac Paints Limited₹184₹14,896 cr16.1
JSW Dulux Limited₹3,074₹13,999 cr43.9
Indigo Paints Limited₹1,099₹5,239 cr31.4
Sirca Paints India Limited₹407₹2,309 cr35.7
Shalimar Paints Limited₹81₹675 cr
Kamdhenu Ventures Limited₹4₹143 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.89%
trailing 12 months
Dividend / share (TTM)
₹4
Last dividend
₹4
ex 5 Aug 2026
ActionDetailEx-date
Dividend₹4 / share5 Aug 2026
Dividend₹3.8 / share5 Aug 2025
Dividend₹3.5 / share5 Aug 2024
Bonus issue5:122 Sep 2023
Dividend₹3.2 / share4 Aug 2023
Dividend₹3.1 / share18 Aug 2022
Who owns it · 2026-06-30
No pledge
Promoter
75.0%
FII / Foreign
4.8%
DII / Domestic
11.8%
Retail / others
8.4%
Smart-money activity
Insider trades
SoldRanjan Banerjee · Designated Person54 · ₹24,23115 Sep 26
BoughtMs Jessima Kumar · Promoter24,734 · ₹1.2 cr7 Sep 26
BoughtMs Anshana Sawhney · Promoter14,841 · ₹72.0 L7 Sep 26
Bulk / block deals
short · NSE40714 May 26
short · NSE3824 Apr 26
short · NSE7218 Mar 26
Stake changes
SoldJenson & Nicholson ( Asia) ltd · promoter→ 0.00% · 16.88 cr29 Dec 25
BoughtU K Paints (India) Private Limited · promoter→ 64.57% · 16.88 cr29 Dec 25
BoughtU K Paints ( India) Private Ltd along with pac · promoter→ 64.57% · 16.88 cr14 Jul 25
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 12 Aug 2026
See the official result
1
Approval of Audited financial statements (including the audited consolidated financial statements) for the financial year ended 31st March, 2026, the report of the Board of Directors and Statutory Auditors
Backed by 100% of shareholders other than promotersneeded 50%
18.37 cr votes for, 4.86 L against · 0% of mutual funds and other big investors said no
2
Declaration and Payment of Dividend for the financial year ended 31st March, 2026
Backed by 100% of shareholders other than promotersneeded 50%
18.42 cr votes for, 415 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Kanwardip Singh Dhingra (DIN: 02696670) as a Director of the Company
Promoters had a personal stake in this
Backed by 98% of shareholders other than promotersneeded 50%
18.07 cr votes for, 35.08 L against · 2% of mutual funds and other big investors said no
4
Re-appointment of Mr. Abhijit Roy (DIN: 03439064) as the Managing Director & CEO for a period of 4 consecutive years from 1st July 2027 to 30th june 2031
Backed by 97% of shareholders other than promotersneeded 75%
17.91 cr votes for, 50.61 L against · 3% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 16 named members
owning 75.0% between them · as of 2026-06-30
UK Paints (India ) Private Limited64.56%
Citland Commercial Credits Limited3.18%
Wang Investment and Finance Pvt Limited3.09%
KSD Family Trust0.86%
Bigg Investment And Finance Private Limited0.82%
GBS Dhingra Family Trust0.61%
Kuldip Singh Dhingra0.57%
Gurbachan Singh Dhingra0.46%
Business done with them
FY2026 · 1 of the group
The company paid ₹408 cr to companies in the promoter group last year — about 3.4% of its ₹11,880 cr revenue and received ₹82 L back from them.
U K PAINTS (INDIA) PRIVATE LIMITED
Other payments to them · Refer Related Party Disclosure [Text Block]
also owns 64.56% of the company
₹255 cr
company paid
U K PAINTS (INDIA) PRIVATE LIMITED
Bought goods from them · Refer Related Party Disclosure [Text Block]
also owns 64.56% of the company
₹153 cr
company paid
U K PAINTS (INDIA) PRIVATE LIMITED
Sold goods to them · Refer Related Party Disclosure [Text Block]
also owns 64.56% of the company
₹60 L
company received
U K PAINTS (INDIA) PRIVATE LIMITED
Provided services to them · Refer Related Party Disclosure [Text Block]
also owns 64.56% of the company
₹22 L
company received

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.