Berger Paints India Limited

NSEI:BERGEPAINT Stock Report

Market Cap: ₹550.7b

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.

Discounted Cash Flow
Simply Wall St
₹174.92
Fair Value
170.3% overvalued intrinsic discount
21
Number of Analysts

Below Fair Value: BERGEPAINT (₹472.75) is trading above our estimate of fair value (₹174.92)

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 Ratio48.1x
Earnings₹11.45b
Market Cap₹550.66b

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 Average56.3x
SUPREMEIND Supreme Industries
49.3x18.9%₹504.1b
506401 Deepak Nitrite
37.2x16.3%₹317.2b
SOLARINDS Solar Industries India
91.3x27.0%₹922.5b
500184 Himadri Speciality Chemical
47.3x19.8%₹243.7b
BERGEPAINT Berger Paints India
48.1x10.0%₹550.7b

Price-To-Earnings vs Peers: BERGEPAINT is good value based on its Price-To-Earnings Ratio (48.1x) compared to the peer average (56.3x).

Price to Earnings Ratio vs Industry

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

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ZUARI Zuari Agro Chemicals
4.7xn/aUS$97.11m
NAGAFERT Nagarjuna Fertilizers and Chemicals
0.3xn/aUS$60.43m
UNIVPHOTO Universus Photo Imagings
2.6xn/aUS$25.23m
526773 Pressure Sensitive Systems (India)
0.6xn/aUS$7.04m
BERGEPAINT 48.1xIndustry Avg. 28.0xNo. of Companies39PE020406080100+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BERGEPAINT is expensive based on its Price-To-Earnings Ratio (48.1x) compared to the Indian Chemicals industry average (28.4x).

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 Ratio48.1x
Fair PE Ratio24.1x

Price-To-Earnings vs Fair Ratio: BERGEPAINT is expensive based on its Price-To-Earnings Ratio (48.1x) compared to the estimated Fair Price-To-Earnings Ratio (24.1x).

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₹472.75
₹512.71
+8.5%
11.7%₹640.00₹400.00n/a21
Jan ’26₹458.15
₹515.43
+12.5%
11.1%₹640.00₹420.00n/a21
Dec ’25₹493.70
₹523.52
+6.0%
12.1%₹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₹470.00₹472.7520
Jan ’25₹603.85
₹554.90
-8.1%
9.8%₹660.00₹470.00₹458.1520
Dec ’24₹586.15
₹553.90
-5.5%
9.7%₹650.00₹470.00₹493.7020
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
Analyst Price Target
Consensus Narrative from 21 Analysts
₹513.15
Fair Value
7.9% undervalued intrinsic discount
21
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/31 08:41
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Berger Paints India Limited is covered by 42 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Videesha ShethAmbit Capital
Nitin BhasinAmbit Capital
Ajay ThakurAnand Rathi Shares and Stock Brokers Limited