Berger Paints India Limited

NSEI:BERGEPAINT Stock Report

Market Cap: ₹554.3b

Berger Paints India Valuation

Is BERGEPAINT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BERGEPAINT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BERGEPAINT (₹486.95) is trading above our estimate of fair value (₹166.68)

Significantly Below Fair Value: BERGEPAINT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BERGEPAINT?

Key metric: As BERGEPAINT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BERGEPAINT. This is calculated by dividing BERGEPAINT's market cap by their current earnings.
What is BERGEPAINT's PE Ratio?
PE Ratio49.6x
Earnings₹11.45b
Market Cap₹554.28b

Price to Earnings Ratio vs Peers

How does BERGEPAINT's PE Ratio compare to its peers?

The above table shows the PE ratio for BERGEPAINT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average61.2x
SUPREMEIND Supreme Industries
53.2x17.2%₹585.5b
506401 Deepak Nitrite
43.4x16.6%₹368.3b
SOLARINDS Solar Industries India
91.6x27.0%₹901.5b
CARBORUNIV Carborundum Universal
56.5x17.6%₹267.6b
BERGEPAINT Berger Paints India
49.6x10.3%₹554.3b

Price-To-Earnings vs Peers: BERGEPAINT is good value based on its Price-To-Earnings Ratio (49.6x) compared to the peer average (61.2x).

Price to Earnings Ratio vs Industry

How does BERGEPAINT's PE Ratio compare vs other companies in the IN Chemicals Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NAGAFERT Nagarjuna Fertilizers and Chemicals
0.3xn/aUS$66.27m
UNIVPHOTO Universus Photo Imagings
5xn/aUS$48.78m
526773 Pressure Sensitive Systems (India)
0.6xn/aUS$7.36m
526143 MPL Plastics
1.7xn/aUS$1.90m
BERGEPAINT 49.6xIndustry Avg. 31.4xNo. of Companies35PE020406080100+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BERGEPAINT is expensive based on its Price-To-Earnings Ratio (49.6x) compared to the Indian Chemicals industry average (31.4x).

Price to Earnings Ratio vs Fair Ratio

What is BERGEPAINT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BERGEPAINT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49.6x
Fair PE Ratio28.2x

Price-To-Earnings vs Fair Ratio: BERGEPAINT is expensive based on its Price-To-Earnings Ratio (49.6x) compared to the estimated Fair Price-To-Earnings Ratio (28.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BERGEPAINT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹486.95
₹528.76
+8.6%
12.8%₹650.00₹420.00n/a21
Nov ’25₹531.75
₹530.43
-0.2%
12.9%₹650.00₹430.00n/a21
Oct ’25₹619.65
₹528.81
-14.7%
13.0%₹650.00₹430.00n/a21
Sep ’25₹571.05
₹514.62
-9.9%
13.5%₹645.00₹410.00n/a21
Aug ’25₹553.00
₹492.38
-11.0%
11.0%₹600.00₹423.00n/a21
Jul ’25₹507.25
₹499.00
-1.6%
11.2%₹600.00₹423.00n/a21
Jun ’25₹460.00
₹499.00
+8.5%
11.2%₹600.00₹423.00n/a21
May ’25₹508.55
₹532.60
+4.7%
10.7%₹643.00₹450.00n/a20
Apr ’25₹566.45
₹537.05
-5.2%
11.2%₹650.00₹450.00n/a20
Mar ’25₹589.15
₹538.55
-8.6%
11.0%₹650.00₹450.00n/a20
Feb ’25₹565.50
₹555.86
-1.7%
9.6%₹660.00₹470.00n/a20
Jan ’25₹603.85
₹554.90
-8.1%
9.8%₹660.00₹470.00n/a20
Dec ’24₹586.15
₹553.90
-5.5%
9.7%₹650.00₹470.00n/a20
Nov ’24₹550.05
₹555.03
+0.9%
10.5%₹658.33₹458.33₹531.7519
Oct ’24₹568.85
₹551.19
-3.1%
10.9%₹658.33₹458.33₹619.6519
Sep ’24₹599.87
₹542.74
-9.5%
11.7%₹658.33₹437.50₹571.0521
Aug ’24₹585.33
₹502.33
-14.2%
8.8%₹579.17₹437.50₹553.0020
Jul ’24₹565.08
₹496.10
-12.2%
8.6%₹558.33₹437.50₹507.2519
Jun ’24₹542.08
₹492.89
-9.1%
9.4%₹558.33₹425.00₹460.0019
May ’24₹508.62
₹476.46
-6.3%
10.5%₹579.17₹400.00₹508.5520
Apr ’24₹484.75
₹471.50
-2.7%
10.6%₹579.17₹400.00₹566.4520
Mar ’24₹483.92
₹486.25
+0.5%
14.3%₹684.17₹400.00₹589.1522
Feb ’24₹458.12
₹531.11
+15.9%
12.8%₹684.17₹416.67₹565.5021
Jan ’24₹484.46
₹532.10
+9.8%
12.5%₹684.17₹437.50₹603.8521
Dec ’23₹517.04
₹531.51
+2.8%
12.5%₹684.17₹437.50₹586.1521
Nov ’23₹498.75
₹562.58
+12.8%
13.4%₹722.50₹437.50₹550.0520

Analyst Forecast: Target price is less than 20% higher than the current share price.

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