NSEI:BERGEPAINT

Stock Analysis Report

Executive Summary

Berger Paints India Limited manufactures and sells paint products for home, professional, and industrial users in India.

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential and pays a dividend.


Similar Companies

Share Price & News

How has Berger Paints India's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.2%

BERGEPAINT

1.1%

IN Chemicals

2.4%

IN Market


1 Year Return

79.9%

BERGEPAINT

22.1%

IN Chemicals

8.0%

IN Market

Return vs Industry: BERGEPAINT exceeded the Indian Chemicals industry which returned 22.1% over the past year.

Return vs Market: BERGEPAINT exceeded the Indian Market which returned 8% over the past year.


Shareholder returns

BERGEPAINTIndustryMarket
7 Day0.2%1.1%2.4%
30 Day19.9%3.7%2.5%
90 Day48.6%10.4%3.6%
1 Year81.0%79.9%25.2%22.1%10.3%8.0%
3 Year89.3%85.8%37.0%31.6%22.3%16.0%
5 Year258.0%247.0%130.3%112.8%42.8%29.3%

Price Volatility Vs. Market

How volatile is Berger Paints India's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Berger Paints India undervalued compared to its fair value and its price relative to the market?

86.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BERGEPAINT (₹479.1) is trading above our estimate of fair value (₹100.42)

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


Price To Earnings Ratio

PE vs Industry: BERGEPAINT is poor value based on its PE Ratio (86.1x) compared to the Chemicals industry average (10.8x).

PE vs Market: BERGEPAINT is poor value based on its PE Ratio (86.1x) compared to the Indian market (13x).


Price to Earnings Growth Ratio

PEG Ratio: BERGEPAINT is poor value based on its PEG Ratio (4.6x)


Price to Book Ratio

PB vs Industry: BERGEPAINT is overvalued based on its PB Ratio (18.8x) compared to the IN Chemicals industry average (1.1x).


Next Steps

Future Growth

How is Berger Paints India forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

18.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BERGEPAINT's forecast earnings growth (18.5% per year) is above the savings rate (7.6%).

Earnings vs Market: BERGEPAINT's earnings (18.5% per year) are forecast to grow faster than the Indian market (18.4% per year).

High Growth Earnings: BERGEPAINT's earnings are forecast to grow, but not significantly.

Revenue vs Market: BERGEPAINT's revenue (14.2% per year) is forecast to grow faster than the Indian market (11.3% per year).

High Growth Revenue: BERGEPAINT's revenue (14.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BERGEPAINT's Return on Equity is forecast to be high in 3 years time (25.6%)


Next Steps

Past Performance

How has Berger Paints India performed over the past 5 years?

14.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BERGEPAINT's earnings have grown by 14.3% per year over the past 5 years.

Accelerating Growth: BERGEPAINT's earnings growth over the past year (12%) is below its 5-year average (14.3% per year).

Earnings vs Industry: BERGEPAINT earnings growth over the past year (12%) exceeded the Chemicals industry 10.4%.


Return on Equity

High ROE: BERGEPAINT's Return on Equity (21.8%) is considered high.


Return on Assets

ROA vs Industry: BERGEPAINT has a higher Return on Assets than the Chemicals industry average last year.


Return on Capital Employed

ROCE Improving: BERGEPAINT's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Berger Paints India's financial position?


Financial Position Analysis

Short Term Liabilities: BERGEPAINT's short term assets (₹25.8B) exceeds its short term liabilities (₹15.3B)

Long Term Liabilities: BERGEPAINT's short term assets (25.8B) exceeds its long term liabilities (3.5B)


Debt to Equity History and Analysis

Debt Level: BERGEPAINT's debt to equity ratio (20.7%) is considered satisfactory

Reducing Debt: BERGEPAINT's debt to equity ratio has reduced from 55.6% to 20.7% over the past 5 years.

Debt Coverage: BERGEPAINT's debt is well covered by operating cash flow (109.8%).

Interest Coverage: BERGEPAINT's interest payments on its debt are well covered by EBIT (51.8x coverage).


Balance Sheet

Inventory Level: BERGEPAINT has a high level of physical assets or inventory.

Debt Coverage by Assets: BERGEPAINT's debt is covered by short term assets (assets are 5.049840x debt).


Next Steps

Dividend

What is Berger Paints India's current dividend yield, its reliability and sustainability?

0.40%

Current Dividend Yield


Dividend Yield vs Market

company0.4%marketbottom25%0.6%markettop25%2.4%industryaverage0.9%forecastin3Years0.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BERGEPAINT's dividend (0.4%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: BERGEPAINT's dividend (0.4%) is low compared to the top 25% of dividend payers in the Indian market (2.41%).

Stable Dividend: BERGEPAINT's dividends per share have been stable in the past 10 years.

Growing Dividend: BERGEPAINT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.1%), BERGEPAINT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BERGEPAINT's dividends in 3 years are forecast to be well covered by earnings (31.7% payout ratio).


Next Steps

Management

What is the CEO of Berger Paints India's salary, the management and board of directors tenure and is there insider trading?

7.3yrs

Average management tenure


CEO

Abhijit Roy (54yo)

7.3yrs

Tenure

₹30,834,158

Compensation

Mr. Abhijit Roy has been Non-Executive Director at Berger Paints Bangladesh Ltd since October 09, 2017. Mr. Roy has been the Managing Director and Chief Executive Officer of Berger Paints India Limited sin ...


CEO Compensation Analysis

Compensation vs. Market: Abhijit's total compensation ($USD434.95K) is about average for companies of similar size in the Indian market ($USD1.57M).

Compensation vs Earnings: Abhijit's compensation has been consistent with company performance over the past year.


Management Age and Tenure

7.3yrs

Average Tenure

55.5yo

Average Age

Experienced Management: BERGEPAINT's management team is seasoned and experienced (7.3 years average tenure).


Board Age and Tenure

5.2yrs

Average Tenure

69.5yo

Average Age

Experienced Board: BERGEPAINT's board of directors are considered experienced (5.2 years average tenure).


Insider Trading

Insider Buying: BERGEPAINT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell₹3,576,44113 Aug 19
Abhimanyu Chatterjee
EntityIndividual
Shares10,000
Max Price₹357.64
Buy₹4,135,40024 Oct 18
Stallion Creations Pvt Ltd
EntityCompany
Shares15,500
Max Price₹266.80
Buy₹1,871,31024 Oct 18
Advantage Creations Pvt Ltd
EntityCompany
Shares7,000
Max Price₹267.33
Buy₹667,50024 Oct 18
Span Décor Private Limited
EntityCompany
Shares2,500
Max Price₹267.00

Ownership Breakdown


Management Team

  • Aniruddha Sen (59yo)

    Senior VP & Company Secretary

    • Tenure: 9.4yrs
    • Compensation: ₹10.47m
  • Sunil Sharma (67yo)

    President

    • Tenure: 0yrs
    • Compensation: ₹3.58m
  • Kanwardip Dhingra (37yo)

    National Business Development Manager - Automobile & General Industrial and Executive Director

    • Tenure: 4.8yrs
    • Compensation: ₹4.53m
  • Rishma Kaur (47yo)

    National Business Development Manager of Retail & Executive Director

    • Tenure: 4.8yrs
    • Compensation: ₹4.54m
  • Subhashish Das

    Vice President of Corporate HR & Personnel

    • Tenure: 0yrs
  • Prosanta Ghosh

    Vice President of Manufacturing

    • Tenure: 0yrs
  • Abhijit Roy (54yo)

    CEO, MD & Director

    • Tenure: 7.3yrs
    • Compensation: ₹30.83m
  • Srijit Dasgupta (57yo)

    CFO & Director of Finance

    • Tenure: 8.7yrs
    • Compensation: ₹14.75m
  • Sujyoti Mukherjee

    Vice President of Finance & Accounts

    • Tenure: 0yrs
  • Sanjay Chowdhury

    Business Head of Protection

    • Tenure: 0yrs

Board Members

  • Gurcharan Das (75yo)

    Member of The Advisory Council

    • Tenure: 5.2yrs
    • Compensation: ₹4.00k
  • Naresh Gujral (71yo)

    Independent & Non-Executive Director

    • Tenure: 5.2yrs
    • Compensation: ₹728.00k
  • Kuldip Dhingra (72yo)

    Non-Executive Chairman

    • Tenure: 25.3yrs
    • Compensation: ₹1.01m
  • Gurbachan Dhingra (69yo)

    Non-Executive Vice Chairman

    • Tenure: 0yrs
    • Compensation: ₹1.02m
  • Kamal Das (87yo)

    Independent & Non-Executive Director

    • Tenure: 30.5yrs
    • Compensation: ₹316.00k
  • Subir Bose (70yo)

    Member of the Advisory Council

    • Tenure: 5.2yrs
    • Compensation: ₹12.00k
  • Kanwardip Dhingra (37yo)

    National Business Development Manager - Automobile & General Industrial and Executive Director

    • Tenure: 4.8yrs
    • Compensation: ₹4.53m
  • Rishma Kaur (47yo)

    National Business Development Manager of Retail & Executive Director

    • Tenure: 4.8yrs
    • Compensation: ₹4.54m
  • Abhijit Roy (54yo)

    CEO, MD & Director

    • Tenure: 7.3yrs
    • Compensation: ₹30.83m
  • Sonu Bhasin (56yo)

    Additional Non-Executive & Independent Director

    • Tenure: 0.7yrs

Company Information

Berger Paints India Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Berger Paints India Limited
  • Ticker: BERGEPAINT
  • Exchange: NSEI
  • Founded: 1923
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₹465.705b
  • Shares outstanding: 971.13m
  • Website: https://www.bergerpaints.com

Number of Employees


Location

  • Berger Paints India Limited
  • Berger House
  • 129, Park Street
  • Kolkata
  • West Bengal
  • 700017
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
509480BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 1996
BERGEPAINTNSEI (National Stock Exchange of India)YesEquity SharesININRMay 1996

Biography

Berger Paints India Limited manufactures and sells paint products for home, professional, and industrial users in India. It offers interior wall coatings, including designer finishes, interior emulsions, a ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 12:44
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.