B

Berger Paints (I) Limited

BERGEPAINTNSE
Market snapshot · 2026-08-11 06:25 UTC

537.35

₹-4.75 (-0.88%)

MARKET CAP

₹62.66K Cr

STOCK P/E

51.4x

52W HIGH

₹594.55

52W LOW

₹391.10

BOOK VALUE

₹59.32

EPS

₹10.45

ROE

SECTOR

Materials

DEBT/EQUITY

9.17

VOLUME

82,317

P/B RATIO

9.06x

PEG RATIO

1.80

Sector

Materials

Themes

PaintsLife Insurance Corporation of India Portfolio
D
Dividend
E
Earnings
₹575.21₹532.59₹489.98₹447.36₹404.74VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Berger Paints India is a paints manufacturer selling in India and internationally. Interior and exterior wall coatings anchor revenue, supported by putty, primers, enamels, wood finishes, waterproofing, and tiling solutions. Q1 FY27 profit rose 28% year-on-year, but gross margin moderated as raw-material inflation offset operating benefits. Revenue grew 2.9%, while profit declined 4.5%, indicating earnings pressure despite stable reported margins. ROE is unavailable, while debt/equity of 9.16 implies substantial leverage and magnifies any return on equity. At 50.8 times earnings, the stock appears rich relative to its modest growth and declining reported profit. The key investor question is whether demand growth and price discipline can offset raw-material inflation and leverage risk.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for BERGEPAINT.

22.00 analysts

Price Forecast

Current
₹537.35
High Target
₹685.00
▲ +27.5%
Median Target
₹582.50
▲ +8.4%
Low Target
₹429.00
▼ -20.2%
Now₹537.35High ₹685.00Median ₹582.50Low ₹429.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
22 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹450.62 - ₹641.1880%
6M₹419.01 - ₹689.9880%
12M₹378.12 - ₹765.5580%
Realized vol: +27.5% · Drift: +3.9%

Revenue Forecast

₹ Cr
Jun '26Current₹3,227.0
Sep 2026 ETrend estimate range
High₹2,829.8Base₹2,620.1Low₹2,410.5
Sep '25: ₹2,458.0 · Dec '25: ₹2,595.0 · Mar '26: ₹2,504.0 · Jun '26: ₹3,227.0 · Sep '26: ₹2,620.1 · Dec '26: ₹2,766.2
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E2,458.02,595.02,504.03,227.02,620.12,766.2
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹3.16
Sep 2026 ETrend estimate range
High₹2.04Base₹1.82Low₹1.60
Sep '25: ₹1.51 · Dec '25: ₹2.56 · Mar '26: ₹2.81 · Jun '26: ₹3.16 · Sep '26: ₹1.82 · Dec '26: ₹3.08
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1.512.562.813.161.823.08
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
62%
Analyst Consensus
Weakening

From 22 analysts

Mean upside+7.1%

Fundamentals

Strong

Fundamentals institutional score is 82 using growth durability 81.8.

Valuation

Attractive relative to peers

Valuation institutional score is 73 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Weakening

Analyst View institutional score is 44 using mean target upside 7.1%; dispersion penalty 17.8; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 48 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 6 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. fundamentals and valuation provide support, while analyst consensus and technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Attractive relative to peersAnalyst Consensus WeakeningTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price575.8 target
Mean Upside+7.1%
Technical Score48%
Fundamental Score82%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 1.2% above historical median. Valuation is stable — currently in the fair zone (z-score: +0.28). Confidence: 91%.

Live forward EPS implies next-12-month EPS of ₹12.96. Applying the stock's normalized valuation corridor produces a fair range of ₹610.80 to ₹694.92, with base value near ₹658.37 (+22.5% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹12.96

Forward P/E

41.5x

Base Fair Value

₹658.37

Fair Range

₹610.80 - ₹694.92

Upside To Base

+22.5%

Estimate Source

Live forward EPS

Growth Estimate

+28.5%

P/E
Fair

5Y Average

50.45

Current

51.42

Overvalued

53.62

Undervalued

47.13

EV/EBITDA
Fair

5Y Average

33.68

Current

34.33

Overvalued

35.82

Undervalued

31.40

P/B
Undervalued

5Y Average

9.45

Current

9.06

Overvalued

10.19

Undervalued

8.58

Peers & Comparison

Sector: Materials · Theme: Paints

Paints Peers8 peers
Avg P/E: 39.9x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
ASIAN PAINTS LIMITED
ASIANPAINTPaints
+17.9%12.8%
55.0x
Premium
+38% vs avg
+11.0%
+10.5%2.8%
45.1x
Fair
+13% vs avg
+23.4%
DR. REDDY S LABORATORIES
DRREDDYPharmaceuticals
-5.6%10.0%
29.5x
Undervalued
-26% vs avg
-5.0%
HINDALCO INDUSTRIES LTD
HINDALCOMetals - Aluminium
+32.1%5.5%
14.4x
Undervalued
-64% vs avg
+58.0%
HERO MOTOCORP LIMITED
HEROMOTOCOTwo Wheelers
+34.9%10.7%
21.0x
Undervalued
-47% vs avg
+26.2%
EICHER MOTORS LTD
EICHERMOTTrucks & Buses
+31.5%23.2%
38.3x
Fair
-4% vs avg
+41.7%
BSE LIMITED
BSEStock Exchanges & Ratings
+64.0%48.9%
49.6x
Premium
+24% vs avg
+50.1%
APOLLO HOSPITALS ENTER. L
APOLLOHOSPHospitals & Diagnostic Centres
+18.1%7.7%
66.2x
Premium
+66% vs avg
+23.2%
WHY THESE PEERS

BERGER PAINTS (I) LTD trades at a premium (51.6x vs peer avg 39.9x), implying higher growth or quality expectations from the Paints cohort. Peers include ASIAN PAINTS LIMITED, GRASIM INDUSTRIES LTD, DR. REDDY S LABORATORIES — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹3.23K CrJun 2026

Latest net profit

₹369 CrJun 2026

Latest EPS

₹3.16Jun 2026

Net margin

17.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%5.0%10.0%15.0%20.0%0.00 Cr850 Cr1.70K Cr2.55K Cr3.40K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr850 Cr1.70K Cr2.55K Cr3.40K Cr₹0₹1₹2₹2₹3
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr850 Cr1.70K Cr2.55K Cr3.40K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-3.00K Cr0.00 Cr3.00K Cr6.00K Cr9.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +2,7402,4402,5742,2492,8062,4312,5852,3472,8632,4582,5952,5043,227
Expenses +2,2262,0372,1451,9242,3232,0472,1671,9582,3632,1472,1782,0452,664
Operating Profit514403430325484383417390499311417459562
OPM %19%17%17%14%17%16%16%17%17%13%16%18%17%
Other Income +1216161317176919-923567339
Interest1717161512131211111411910
Depreciation70757478788080808386888891
Profit before tax439327355246411308395318396235373434500
Tax %26%25%26%26%26%26%22%25%26%25%20%25%26%
Net Profit +326244263182306229306237294176298327369
EPS in Rs2.802.092.261.562.621.962.632.032.521.512.562.813.16
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +74.99%74.99%74.98%74.98%74.98%
FIIs +5.59%5.35%5.25%4.68%4.82%
DIIs +10.45%10.71%11.08%11.71%11.78%
Public +8.97%8.95%8.68%8.63%8.40%
Others0.01%0.02%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Newspaper Publication

Aug 07, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Aug 06, 2026PDFCompany Reports Open

Updates - Link Of Audio Recording Of Earnings Call

Aug 06, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Investor Presentation

Aug 05, 2026PDFCompany Reports Open