Berger Paints India
- Market cap
- ₹ 54,289 Cr.
- P/E
- 43.8x
- P/B
- 7.92x
- 52-week range
- 391.1 – 594.55
- ROE
- 17%
- ROCE
- 22%
- Dividend yield
- 0.9%
- Debt / equity
- 0.09
- Sector
- Consumer Durables
- Industry
- Paints
- Listed on
- NSE, BSE
About
Berger Paints India Limited is an India-based company, which is engaged in the manufacturing and selling of paints. The Company offers products in categories, including interior wall coatings, exterior wall coatings, putty and cement paint, primers, enamels, wood finishes, and waterproofing. Its interior wall coatings include Silk Glamor Matt, Bison Glow, Silk GlamArt Metallica, and Ceiling White. Its exterior wall coatings include Weathercoat Long Life 15, Weathercoat Anti Dustt Kool, Walmasta Glow, Florentina Vintage, Weathercoat Long Life PU Tile Coat. Its putty and cement paint includes Bison Wall Putty and Durocem Extra. Its primaers include Silk Luxury Basecoat, BP Exterior Cement Primer, BP Cement Primer (ST), Luxol QD 1K Epoxy Primer, and Parrot Wood Primer. Its enamels include Luxol PU Enamel and Butterfly GP Enamel. Its SBL Specialty Coatings Private Limited, Beepee Coatings Private Limited, Berger Jenson & Nicholson (Nepal) Private Limited, and STP Limited, among others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Paints: 10 companies →Berger Paints India against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)43.8 against a typical 35.7: pricier than most peers (1st = cheapest).7th of 10
- Sales growth+12% against a typical +13% from a year earlier.6th of 10
- Profit growth+28.6% against a typical +14.3% from a year earlier.4th of 9
- Share price, 3 months−11.5% against a typical −9.1%.7th of 10
- Size₹ 54,289.1 Cr. market value against a typical ₹ 1,815.9 Cr. (1st = largest).2nd of 10
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Highest safety
Rated AAA by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | — | — | 17 Sep 2026 |
| CRISIL | Crisil AAA | Stable | 28 Aug 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 17 Sep 2026 | Reaffirmed | — | — | CARE | ₹ 1,300 Cr. | |
| 28 Aug 2026 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 3,050 Cr. | |
| 18 Sep 2025 | Reaffirmed | — | — | CARE | ₹ 1,300 Cr. | |
| 29 Aug 2025 | Reaffirmed | Crisil AAA | — | CRISIL | ₹ 3,050 Cr. |
Research by Minerva Capital Research Solutions
Our research team's work on Berger Paints IndiaAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 5 Nov 2026Upcoming | Financial Results | To consider and approve the financial results for the period ended September 30, 2026 |
| 5 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 12 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 5 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 4 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 5 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 14 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,767 | 2,882 | 2,520 | 3,091 | 2,775 | 2,975 | 2,704 | 3,201 | 2,827 | 2,984 | 2,868 | 3,584 |
| Expenses | 2,294 | 2,402 | 2,169 | 2,569 | 2,340 | 2,503 | 2,276 | 2,672 | 2,475 | 2,513 | 2,386 | 2,976 |
| Operating Profit | 474 | 480 | 351 | 522 | 434 | 472 | 428 | 528 | 352 | 471 | 482 | 607 |
| OPM % | 17% | 17% | 14% | 17% | 16% | 16% | 16% | 17% | 12% | 16% | 17% | 17% |
| Other Income | 19 | 20 | 48 | 46 | 30 | 27 | 26 | 3 | 37 | −5 | 69 | 51 |
| Interest | 21 | 20 | 18 | 15 | 17 | 16 | 15 | 14 | 17 | 14 | 12 | 12 |
| Depreciation | 83 | 83 | 87 | 87 | 89 | 89 | 89 | 94 | 97 | 100 | 101 | 103 |
| Profit before tax | 389 | 398 | 294 | 466 | 358 | 394 | 350 | 423 | 275 | 352 | 438 | 543 |
| Tax % | 25% | 25% | 24% | 24% | 25% | 25% | 25% | 25% | 25% | 23% | 24% | 25% |
| Net Profit | 292 | 300 | 223 | 354 | 270 | 296 | 263 | 315 | 206 | 271 | 335 | 405 |
| EPS in Rs | 2.5 | 2.57 | 1.91 | 3.03 | 2.31 | 2.53 | 2.25 | 2.7 | 1.77 | 2.33 | 2.87 | 3.47 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 12%
- 3 Years
- 4%
- TTM
- 5%
- 10 Years
- 12%
- 5 Years
- 10%
- 3 Years
- 10%
- TTM
- 5%
- 10 Years
- 10%
- 5 Years
- −5%
- 3 Years
- −3%
- TTM
- —
- 10 Years
- 21%
- 5 Years
- 20%
- 3 Years
- 20%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Berger Paints India | ₹ 460.00 | ₹ 54,289 Cr. | 43.8x | 7.9x | 17% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- Abhijit Roy
- Chief Executive Officer, Managing Director, Executive Director
- Kaushik Ghosh
- Chief Financial Officer
- Arunito Ganguly
- Vice President, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.