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Berger Paints India Ltd share Price

Company details

624.00
679.75
439.29
632.50
6M Return 12.54%
1Y Return 7.43%
Mkt Cap.(Cr) 65,017.27
Volume 7,210,089
Div Yield 0.40%
OI
-
OI Chg %
-
Volume 7,210,089

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Furniture-furnishing paints company Berger Paints (India) announced Q1FY24 results:

  • Consolidated Q1FY24:
    • Revenue from operations for Q1FY24 was Rs 3,029.51 crore as against Rs 2,759.70 crore in Q1FY23, representing an increase of 9.8% YoY.
    • EBITDA (excluding other income) for Q1FY24 was Rs 556.75 crore as against Rs 404.84 crore in Q1FY23, representing an increase of 37.5% YoY.
    • Net profit (after share of profit/loss of associates and joint ventures) for Q1FY24 was Rs 354.91 crore as against Rs 253.71 crore in Q1FY23, representing an increase of 39.9% YoY.
  • Standalone Q1FY24:
    • Revenue from operations for Q1FY24 was Rs 2,739.76 crore as against Rs 2,488.67 crore in Q1FY23, representing an increase of 10.1% YoY.
    • EBITDA (excluding other income) for Q1FY24 was Rs 513.83 crore as against Rs 373.72 crore in Q1FY23, representing an increase of 37.5% YoY.
    • Net profit for Q1FY24 was Rs 326.32 crore as against Rs 234.40 crore in Q1FY23, representing an increase of 39.2% YoY.
  • The Board of Directors at its meeting held on August 9, 2023, considered and approved the issue of 1 bonus equity share of the face value of Re 1/- each against 5 equity shares of the face value of Re 1/- each. This is subject to the shareholder’s approval.

“Berger Paints continued to deliver on its promise of excellence and outperformed the market. The decorative business saw double-digit growth both on the Value and Volume fronts on high bases. Our operating profit to Sales % also increased substantially to 18.8%, a growth of 37.5% and a 2-year CAGR of 52.5%. We usually are in the range of 16-18% of operating profits and the Q1 performance has surpassed that range. Decorative registered volume growth in the mid-teens and double-digit value growth. Auto GI and protective division have done well even on high bases. Powder coatings underperformed in Q1 but are expected to do better in Q2. Nepal operations underperformed due to country-specific issues and will rebound in the coming quarter.

We continue to focus on network expansion and invest in our brands. All our differentiated products like anti dust, easy clean, and longlife continue to grow handsomely.

With normal monsoons ahead and an extended festive season, we are gearing up for exciting times ahead.” said Abhijit Roy, MD and CEO, Berger Paints India.

 

 

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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 COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 4,494.12 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 13,565.29 -8,591.81
LAST 3M 37,244.98 3,231.65
LAST 6M 45,909.21 154,115.29
LAST 12M 133,371.71 158,810.39

Berger Paints India Ltd Information

Stock PE (TTM)
81.04
Promoter Holding
74.99%
Book Value
38.5528
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) :
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 Sep 22, 2023 03:59 PM the closing price of Berger Paints India Ltd was ₹ 669.30.

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 Sep 22, 2023 03:59 PM, the market cap of Berger Paints India Ltd stood at ₹ 65,017.27.

The latest PE ratio of Berger Paints India Ltd as of Sep 22, 2023 03:59 PM is 81.04

The latest PB ratio of Berger Paints India Ltd as of Sep 22, 2023 03:59 PM is 0.06

The 52-week high of Berger Paints India Ltd is ₹ 632.50 while the 52-week low is ₹ 439.29

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

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