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Berger Paints India Ltd share Price Today

Company details

483.10
491.90
478.00
679.75
6M Return -15.68%
1Y Return -9.37%
Mkt Cap.(Cr) 56,430.36
Volume 715,723
Div Yield 0.71%
OI
-
OI Chg %
-
Volume 715,723

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About The Stock

    Berger Paints is the second largest paint player in India.

    • Berger derives ~80-85% of its topline from decorative paints while the rest comes from the industrial segment. It has ~13 manufacturing units in India with ~50,000 dealer network (FY22) across India
    • Strong b/s with RoCE, RoE of 26%, 22%, respectively, (five-year average)
Q3FY23 Results

    New product launches and network expansion drives volume growth, usage of high cost inventory drags margin

    • Revenue increased by 5.6% YoY to ₹ 2693.6 crore in Q3FY23 driven by 6.6% volume growth in the decorative paints segment
    • Gross margin declined 198 bps YoY owing to adverse product mix and usage of high cost inventory. Increased employee expenses and lower gross margin dragged EBITDA margin down by 239 bps YoY to 13%
    • PAT down ~21% YoY to ₹ 201 crore tracking lower EBITDA margin and higher interest outgo

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Furniture-Furnishing-Paints company Berger Paints (India) announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

Consolidated:

  • Revenue from Operations for the quarter ended 31st March, 2024 was Rs 2,520.3 crore as against Rs 2,443.6 crore in the corresponding quarter of the last financial year, representing an increase of 3.1% over the corresponding period of last financial year.
  • EBIDTA (excluding other income) in Q4FY24 was Rs 350.9 crore as against Rs 368.8 crore in the corresponding quarter of the last financial year, representing a decline of 4.8% over the corresponding period of last financial year.
  • Net Profit for Q4FY24 was Rs 222.6 crore as against Rs 186.0 crore in the corresponding quarter of the last financial year, representing an increase of 19.7% over the corresponding period of last financial year. 

Standalone:

  • Revenue from Operations for Q4FY24 was Rs 2,249.1 crore as against Rs 2,189.3 crore in the corresponding quarter of the last financial year, representing an increase of 2.7% over the corresponding period of last financial year.
  • EBIDTA (excluding other income) for Q4FY24 was Rs 325.1 crore as against Rs 342.5 crore in the corresponding quarter of the last financial year, representing decline of 5.1% over the corresponding period of last financial year.
  • Net Profit for Q4FY24 was Rs 181.6 crore as against Rs 196.2 crore in the corresponding quarter of the last financial year, representing a decline of 7.5% over the corresponding period of last financial year

FY24 Financial Highlights:

Consolidated:

  • Revenue from Operations for FY24 was Rs 11,198.9 crore as against Rs 10,567.8 crore in the corresponding financial year, representing an increase of 6.0% over the corresponding period of last financial year.
  • EBIDTA (excluding other income) for the year ended 31st March 2024 was Rs 1,861.3 crore as against Rs 1,487.2 crore in the corresponding financial year, representing an increase of 25.2% over the corresponding period of last financial year.
  • Profit for FY24 was Rs 1,169.8 crore as against Rs 860.4 crore corresponding last financial year, representing an increase of 36.0% over the corresponding period of last financial year

Standalone:

  • Revenue from Operations for FY24 was Rs 10,002.9 crore as against Rs 9,470.6 crore in the corresponding financial year, representing an increase of 5.6% over the corresponding period of last financial year.
  • EBTDTA (excluding other income) for FY24 was Rs 1,671.7 crore as against Rs 1,345.9 crore in the corresponding last financial year, representing an increase of 24.2% over the corresponding period of last financial year.
  • Net Profit in FY24 was Rs 1,015.1 crore as against Rs 828.4 crore in the corresponding last financial year, representing an increase of 22.5% over the corresponding period of last financial year. 

Abhijit Roy, Managilng Director & CEO of Berger Paints  India said, "We gained market share again in FY24 and as a milestone crossed Rs 10,000 crore in revenue and PAT of Rs 1,000 crore on a stand-alone basis, a significant event on our 100th year in India.

Our Q4FY24 sales were at a healthy double digit volume growth. The value growth was adversely impacted by a massive 4% price reduction in the year, an increased contribution of high-volume low value products and a lower than expected sale in the luxury segment from the anticipation of a price reduction in this segment.

On the profitability front in Q4FY24, while the gross margins were maintained the ebidta reduced due to the one-off effect of subsidy received in Q4FY23, negative operating leverage on account of fixed cost on lower value base & the incremental operating cost of the new Sandi/a plant as well as the conscious call taken on brand building efforts leading to an inaeased advertisement expenditure.

On the whole the company did much better on an annual basis for FY24 delivering a stellar double digit improvement in profitability with all the business lines delivering well with strong double digit volume growths and improvements in profitability especially in the industrial segment. We continue to be focussed on the waterproofing & construction chemicals segment where we saw exceptional growth this year and expect this trend to continue in the years ahead. We remain confident of an improved demand scenario in the upcoming year and have prepared for the same with the launch of multiple innovative new products in the paint, coatings and waterproofing segments to ensure that we provide relevant solutions to the changing needs of our customers. " 

Result PDF

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Berger Paints India Ltd shares SWOT Analysis

Strengths (8)

  • Rising Net Cash Flow and Cash from Operating activity
  • Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
  • Company with Low Debt

Weakness (4)

  • Negative Breakdown First Support (LTP < S1)
  • MFs decreased their shareholding last quarter
  • Near 52 Week Low

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • RSI indicating price weakness

Resistance and support

R1 499.7
R2 506.8
R3 512.1
Pivot

494.35

S1 487.3
S2 482.0
S3 474.9
EMA SMA
497.5
518.0
537.3
548.1
496.3
524.2
548.6
565.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 598.1 276339 NSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-11-14 598.1 276339 NSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-03 595.6 276340 NSE
Name Category Shares
KSD Family Trust PROMOTER 0.86%
GBS Dhingra Family Trust PROMOTER 0.61%
KULDIP SINGH DHINGRA PROMOTER 0.57%
U K PAINTS INDIA PVT LTD PROMOTER 50.1%
JENSON & NICHOLSON (ASIA) LIMITED PROMOTER 14.48%
CITLAND COMMERCIAL CREDITS LTD PROMOTER 3.18%
WANG INVESTMENT AND FINANCE PVT LTD PROMOTER 3.09%
BIGG INVESTMENTS AND FINANCE PRIVATE LIMITED PROMOTER 0.82%

OUR RESEARCH VIEW

Investment recommendation
Margin pressure sustains…
Call Date
03 Feb 2023
Entry Price 558.00
Target Price 600.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Berger Paints India Ltd Stocks COMPARISON

Financials( in Cr) Berger Paints India Ltd Asian Paints Ltd Kansai Nerolac Paints Ltd Akzo Nobel India Ltd Indigo Paints Ltd
Price 484.05 2,903.05 270.00 2,552.20 1,362.80
% Change -1.75 0.10 -0.90 -0.13 -0.47
Mcap Cr 56,430.36 278,459.98 21,826.26 11,622.72 6,489.79
Revenue TTM Cr 10,567.84 34,488.59 8,520.70 3,802.10 1,073.33
Net Profit TTM Cr 860.40 4,195.33 468.47 335.10 131.94
PE TTM 49.11 50.94 32.04 27.26 44.28
1 Year Return -9.37 -7.47 -2.09 3.38 -7.40
ROCE 23.34 34.45 14.33 32.26 21.43
ROE 20.43 28.15 10.81 26.04 18.51
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 4,494.12 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 38,211.58 -20,152.87
LAST 3M 113,440.41 -31,179.37
LAST 6M 172,266.38 32,742.67
LAST 12M 272,035.18 123,918.17

Berger Paints India Ltd Information

Stock PE (TTM)
49.11
Promoter Holding
74.99%
Book Value
46.1399
ROCE
23.34%
ROE
20.43%
Description
  • Berger Paints Ltd is in the Paints/Varnish sector is having a market capitalization worth Rs. 76,824.58 crores, it was incorporated in the year 1923. It has reported consolidated sales of Rs. 1,798.49 crores in June’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 509480, and also listed on the National Stock Exchange (NSE) with the code BERGEPAINT.

    Berger Paints Ltd was originally incorporated under the name of Hadfield (India) Ltd. Currently, Berger Paints is under the management of the Dhingra brothers, who hold the majority stake in the company. Berger Paints is that the second largest paint company in India. Berger Paints has a total of 16 manufacturing units around the country. Berger Paints also has four overseas manufacturing units located in Nepal, Poland, and Russia. Berger Paints has a widespread network of more than 25,000 dealers around the country. Berger Paints is also the first company to launch the Color Bank Tint system, wherein the customers get to choose from a range of over 5,000 colours and get the desired product within minutes. The promoters of the company own 74.98% of the stake in the company, Foreign Institutional Investors (FII) own 11.25%, Domestic Institutional Investors (DII) own 4.07% stake in the company, and others (such as public & retail investors) hold the balance of 9.70%.

    In June 2021, quarterly net revenue was Rs. 1,619.21 crores, which has increased sharply by approximately 96.0 % from Rs. 826.14 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 135.09 crores, which has also improved sharply and increased by nearly 171.27% from a net profit of Rs. 49.8 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,341.0 crores, which is also increased by 90.85% as compared to an operating profit of Rs. 702.64 crores for the quarter ending in June 2020. From an EPS of Rs. 0.51 in June 2020, the EPS of Berger Paints Ltd has improved and reached Rs. 1.39 per share in June 2021. BERGEPAINT's stock closed at Rs. 790.95 on 24th August’2021 (NSE). Berger Paint has given a return of 9.13% in the last six months and returned 38.80% in the previous year.

Registered Address

Berger House, 129 Park Street, Kolkata, West Bengal, 700017

Tel : 91-033-22299724-28
Email : consumerfeedback:bergerindia.com
Website : http://www.bergerpaints.com
Registrar

CB Management Services Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 509480
NSE Code : BERGEPAINT
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE463A01038

FAQ’s on Berger Paints India Ltd Shares

You can buy Berger Paints India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Berger Paints India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 30, 2024 12:54 PM the closing price of Berger Paints India Ltd was Rs.484.05.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 30, 2024 12:54 PM, the market cap of Berger Paints India Ltd stood at Rs. 56,430.36.

The latest PE ratio of Berger Paints India Ltd as of May 30, 2024 12:54 PM is 49.11

The latest PB ratio of Berger Paints India Ltd as of May 30, 2024 12:54 PM is 0.09

The 52-week high of Berger Paints India Ltd share price is Rs. 679.75 while the 52-week low is Rs. 478.00

According to analyst recommendations, Berger Paints India Ltd Share has a "Buy" rating for the long term.

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