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Not investment advice. Data and computed figures, for information only.

Berger Paints India Ltd

NSE: BERGEPAINT
₹470.05
−₹5.50 (−1.16%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹55,024 Cr
CMP
₹470.05
52-wk High / Low
₹595 / 391
P/E
44.8
P/B
8.0
Book Value
₹59.3
Div Yield
0.85%
ROCE
22.0%
ROE
17.3%
Face Value
₹1
D/E
0.09

Price−12.2% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹114
√(22.5 × EPS × book value per share)
ROIC
14.5%
vs 12.3% sector median
Cash flow to profit
1.37
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+44
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
10.7%
ROE × earnings retention ratio
ROE stability
1.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.14DII +0.07
Latest quarter vs the previous one
Cash-accrual divergence
−4.3%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 22% vs the 2026 sector median of 18.5%)
Watch-outs
−Borrowings are up 79.4% since FY2016 (354 to 635)
−Price trades below its 200-day moving average (1.0x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,0302,7672,8822,5203,0912,7752,9752,7043,2012,8272,9842,8683,584
Expenses2,4732,2942,4022,1692,5692,3402,5032,2762,6722,4752,5132,3862,976
Operating Profit557474480351522434472428528352471482607
OPM %18.4%17.1%16.7%13.9%16.9%15.6%15.9%15.8%16.5%12.5%15.8%16.8%16.9%
Other Income1719204846302726337−56951
Interest20212018151716151417141212
Depreciation78838387878989899497100101103
Profit before tax476389398294466358394350423275352438543
Net Profit355292300223354270296263315206271335405
EPS (₹)3.042.502.571.913.032.312.532.252.701.772.332.873.47

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,1704,2234,5525,1666,0626,3666,8188,76210,56811,19911,54511,88012,263
Expenses3,6593,5783,8334,3595,1275,3135,6357,4319,0909,3389,68810,04710,351
Operating Profit5116457198079351,0531,1821,3311,4781,8611,8561,8331,912
OPM %12.3%15.3%15.8%15.6%15.4%16.5%17.3%15.2%14.0%16.6%16.1%15.4%15.6%
Other Income3640108466069516848105129104152
Interest50271625474744519978635856
Depreciation9299108124182191211227264331354392401
Profit before tax4045597037057658839791,1221,1621,5571,5681,4881,608
Net Profit2653714744614946567208338601,1701,1831,1281,218
EPS (₹)2.273.184.073.954.245.646.177.147.3710.0210.129.6610.44

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital696997979797979797117117117—
Reserves1,1911,4931,8042,0972,3472,5633,2803,8304,3975,2626,0386,800—
Borrowings6103544064227537676341,0141,189753670635—
Other Liabilities8469601,1321,3261,3601,4721,9072,2712,2832,2362,3002,484—
Total Liabilities2,7162,8773,4403,9434,5574,9005,9187,2117,9668,3689,12510,035—
Fixed Assets9319631,1361,2671,5831,9162,0442,1873,3323,5003,6773,841—
CWIP100516297170178107606111189125316—
Investments1343484723333953153562341832555331,189—
Other Assets1,5501,5151,7692,2452,4092,4903,4114,1854,3414,4244,7904,689—
Total Assets2,7162,8773,4403,9434,5574,9005,9187,2117,9668,3689,12510,035—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3104145953944226117257965669761,5911,2691,540
Cash from Investing Activity−301−184−259−308−183−379−223−457−521−600−398−650−974
Cash from Financing Activity−52−198−368−82−200−259−479−282−78−363−1,069−606−613
Net Cash Flow−4332−32438−272257−331312414−47

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %24.025.030.031.029.027.028.027.026.024.028.025.022.0
ROE %————————————17.3
EPS (₹)2.142.273.184.073.954.245.646.177.147.3710.0210.129.66
Book Value (₹)————————————59.3
Face Value (₹)————————————1
P/E————————————44.8
Div Yield %————————————0.85
NPM %6.76.38.710.28.88.110.210.59.48.110.410.19.4
OPM %12.012.015.016.016.015.017.017.015.014.017.016.015.0
D/E0.560.480.230.210.190.310.290.190.260.260.140.110.09
P/B————————————8.0

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+12.0%
3 years+4.0%
TTM+5.0%
Compounded profit growth
10 years+12.0%
5 years+10.0%
3 years+10.0%
TTM+5.0%
Stock price CAGR
10 years+8.0%
5 years−7.0%
3 years−6.0%
Last year−12.0%
Return on equity
10 years21.0%
5 years20.0%
3 years20.0%
Last year17.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.99%74.99%74.99%74.98%74.99%74.98%74.99%75.00%74.99%74.99%74.98%74.98%
FIIs5.66%5.66%5.84%5.55%7.78%11.24%11.28%10.64%10.66%5.75%4.68%4.82%
DIIs8.45%8.45%8.41%8.26%6.83%4.02%3.41%3.47%5.17%10.11%11.71%11.78%
Government————————————
Public10.90%10.90%10.77%11.21%10.40%9.75%10.32%10.90%9.17%9.15%8.63%8.40%
No. of shareholders74,32674,32673,48076,9211,18,6221,63,9363,53,8214,28,4483,71,4113,78,3093,26,7013,12,571
Change since Jun 2023 (pp)
Promoters −0.01FIIs −0.84DIIs +3.33Public −2.50

Documents

As of 11 Oct 2026
Announcements
Voting Results Of Postal Ballot Under Reg.44 Of SEBI LODRShareholder Meeting / Postal Ballot-Outcome of Postal_BallotCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Board Meeting Intimation for Consideration & Approval Of Financial Results For The Quarter And Half Year Ended On 30.09.2026Closure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTAug 2025PPT

Corporate actions

As of 5 Aug 2026
5 Aug 2026DIVIDENDDividend - Rs 4 Per Share—
5 Aug 2025DIVIDENDDividend - Rs 3.80 Per Share—
5 Aug 2024DIVIDENDAnnual General Meeting/Dividend - Rs 3.50 Per Share—
22 Sep 2023BONUSBonus 1:5—
4 Aug 2023DIVIDENDAnnual General Meeting/Dividend - Rs 3.20 Per Share—
18 Aug 2022DIVIDENDAnnual General Meeting/Dividend - Rs 3.10 Per Share—
18 Aug 2021DIVIDEND Annual General Meeting/Dividend - Rs 2.80 Per Share—
17 Sep 2020DIVIDEND Annual General Meeting/Dividend - Rs 0.30 Per Share—
2 Mar 2020DIVIDEND Interim Dividend - Rs 1.90 Per Share—
26 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 1.90 Per Share—
26 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 1.80 Per Share—
27 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 1.75/- Per Share—
26 Jul 2016DIVIDEND Annual General Meeting/ Dividend - Re 1/- Per Share—
15 Jul 2016BONUS Bonus 2:5—
17 Feb 2016DIVIDEND Interim Dividend Re 0.65 Per Share—
24 Jul 2015DIVIDENDAnnual General Meeting/Dividend - Re 0.65/- Per Share—
12 Feb 2015DIVIDENDInterim Dividend - Re 0.60/- Per Share—
8 Jan 2015SPLITFace Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share2 : 1
16 Jul 2014DIVIDENDAnnual General Meeting/ Dividend - Rs 2.20/- Per Share—
17 Jul 2013DIVIDENDAnnual General Meeting And Dividend Rs.1.80 Per Share—
18 Jul 2012DIVIDENDAnnual General Meeting/Dividend Rs 1.40 Per Share—
20 Jul 2011DIVIDENDAnnual General Meeting And Dividend Re.0.80 Per Share—
14 Mar 2011DIVIDENDInterim Dividend - Re. 0.50 Per Share—
13 Jul 2010DIVIDENDAnnual General Meeting And Dividend Re.1.10 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman