Berger Paints India Ltd (BERGEPAINT) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↑

+0.92%

Short-term demand accumulation with positive intraday momentum.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 4.8%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 17.3%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 09 Nov 2026

50-Day DMA ● Overlay

₹458.91

200-Day DMA ● Overlay

₹425.62

14-Day RSI ● Overlay

55.2 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹52,750 Cr

Large cap

Stock P/E (TTM) Valuation

43.0x

Price / EPS

Book Value (₹) Assets

₹59.3

P/B: 7.6x

ROE (%) Quality

17.3%

Net Profit / Equity

ROCE (%) Efficiency

21.6%

EBIT / Capital

Dividend Yield Yield

0.88%

Face Value: ₹10

Debt / Equity Solvency

0.09x

Low Debt

EPS (TTM) Per Share

₹10.52

Trailing 12M

OPM (%) Spread

16.0%

EBITDA Margin

Free Cash Flow Cash

₹1,037 Cr

CFO - Capex

About Berger Paints India Ltd

Berger Paints India Ltd (BERGEPAINT) is an Indian publicly listed company operating in the Consumer Goods sector.

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 11.5% × Turnover: 0.85x × Leverage: 1.09x = ROE: 17.3%

✓ Company Strengths (Pros)

• Company has maintained a healthy low debt-to-equity ratio of 0.09.
• Delivers solid shareholder returns with an ROE of 17.3%.

⚠ Key Considerations & Risks (Cons)

• Stock is trading at a premium of 7.6x its book value.

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹12,263 Cr

Latest PAT

₹1,218 Cr

EPS (TTM)

₹10.52

OPM %

16.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Jun 2023	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 / Revenue	₹3,030 Cr	₹2,767 Cr	₹2,882 Cr	₹2,520 Cr	₹3,091 Cr	₹2,775 Cr	₹2,975 Cr	₹2,704 Cr	₹3,201 Cr	₹2,827 Cr	₹2,984 Cr	₹2,868 Cr	₹3,584 Cr
Operating Profit (EBITDA)	₹557.00 Cr	₹474.00 Cr	₹480.00 Cr	₹351.00 Cr	₹522.00 Cr	₹434.00 Cr	₹472.00 Cr	₹428.00 Cr	₹528.00 Cr	₹352.00 Cr	₹471.00 Cr	₹482.00 Cr	₹607.00 Cr
OPM %	18.0%	17.0%	17.0%	14.0%	17.0%	16.0%	16.0%	16.0%	17.0%	12.0%	16.0%	17.0%	17.0%
Interest Expense	₹20.00 Cr	₹21.00 Cr	₹20.00 Cr	₹18.00 Cr	₹15.00 Cr	₹17.00 Cr	₹16.00 Cr	₹15.00 Cr	₹14.00 Cr	₹17.00 Cr	₹14.00 Cr	₹12.00 Cr	₹12.00 Cr
Depreciation	₹78.00 Cr	₹83.00 Cr	₹83.00 Cr	₹87.00 Cr	₹87.00 Cr	₹89.00 Cr	₹89.00 Cr	₹89.00 Cr	₹94.00 Cr	₹97.00 Cr	₹100.00 Cr	₹101.00 Cr	₹103.00 Cr
Profit before Tax (PBT)	₹476.00 Cr	₹389.00 Cr	₹398.00 Cr	₹294.00 Cr	₹466.00 Cr	₹358.00 Cr	₹394.00 Cr	₹350.00 Cr	₹423.00 Cr	₹275.00 Cr	₹352.00 Cr	₹438.00 Cr	₹543.00 Cr
Net Profit (PAT)	₹355.00 Cr	₹292.00 Cr	₹300.00 Cr	₹223.00 Cr	₹354.00 Cr	₹270.00 Cr	₹296.00 Cr	₹263.00 Cr	₹315.00 Cr	₹206.00 Cr	₹271.00 Cr	₹335.00 Cr	₹405.00 Cr
EPS in ₹	₹3.04	₹2.50	₹2.57	₹1.91	₹3.03	₹2.31	₹2.53	₹2.25	₹2.70	₹1.77	₹2.33	₹2.87	₹3.47

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	₹4,170 Cr	₹4,223 Cr	₹4,552 Cr	₹5,166 Cr	₹6,062 Cr	₹6,366 Cr	₹6,818 Cr	₹8,762 Cr	₹10,568 Cr	₹11,199 Cr	₹11,545 Cr	₹11,880 Cr	₹12,263 Cr
Expenses	₹3,659 Cr	₹3,578 Cr	₹3,833 Cr	₹4,359 Cr	₹5,127 Cr	₹5,313 Cr	₹5,635 Cr	₹7,431 Cr	₹9,090 Cr	₹9,338 Cr	₹9,688 Cr	₹10,047 Cr	₹10,351 Cr
Operating Profit	₹511.00 Cr	₹645.00 Cr	₹719.00 Cr	₹807.00 Cr	₹935.00 Cr	₹1,053 Cr	₹1,182 Cr	₹1,331 Cr	₹1,478 Cr	₹1,861 Cr	₹1,856 Cr	₹1,833 Cr	₹1,912 Cr
OPM %	12%	15%	16%	16%	15%	17%	17%	15%	14%	17%	16%	15%	16%
Interest	₹50.00 Cr	₹27.00 Cr	₹16.00 Cr	₹25.00 Cr	₹47.00 Cr	₹47.00 Cr	₹44.00 Cr	₹51.00 Cr	₹99.00 Cr	₹78.00 Cr	₹63.00 Cr	₹58.00 Cr	₹56.00 Cr
Depreciation	₹92.00 Cr	₹99.00 Cr	₹108.00 Cr	₹124.00 Cr	₹182.00 Cr	₹191.00 Cr	₹211.00 Cr	₹227.00 Cr	₹264.00 Cr	₹331.00 Cr	₹354.00 Cr	₹392.00 Cr	₹401.00 Cr
Profit before Tax	₹404.00 Cr	₹559.00 Cr	₹703.00 Cr	₹705.00 Cr	₹765.00 Cr	₹883.00 Cr	₹979.00 Cr	₹1,122 Cr	₹1,162 Cr	₹1,557 Cr	₹1,568 Cr	₹1,488 Cr	₹1,608 Cr
Net Profit	₹265.00 Cr	₹371.00 Cr	₹474.00 Cr	₹461.00 Cr	₹494.00 Cr	₹656.00 Cr	₹720.00 Cr	₹833.00 Cr	₹860.00 Cr	₹1,170 Cr	₹1,183 Cr	₹1,128 Cr	₹1,218 Cr
EPS in Rs	2.27	3.18	4.07	3.95	4.24	5.64	6.17	7.14	7.37	10.02	10.12	9.66	10.44

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	₹69.00 Cr	₹69.00 Cr	₹97.00 Cr	₹97.00 Cr	₹97.00 Cr	₹97.00 Cr	₹97.00 Cr	₹97.00 Cr	₹97.00 Cr	₹117.00 Cr	₹117.00 Cr	₹117.00 Cr
Reserves & Surplus	₹1,191 Cr	₹1,493 Cr	₹1,804 Cr	₹2,097 Cr	₹2,347 Cr	₹2,563 Cr	₹3,280 Cr	₹3,830 Cr	₹4,397 Cr	₹5,262 Cr	₹6,038 Cr	₹6,800 Cr
Borrowings (Debt)	₹610.00 Cr	₹354.00 Cr	₹406.00 Cr	₹422.00 Cr	₹753.00 Cr	₹767.00 Cr	₹634.00 Cr	₹1,014 Cr	₹1,189 Cr	₹753.00 Cr	₹670.00 Cr	₹635.00 Cr
Total Liabilities	₹2,716 Cr	₹2,877 Cr	₹3,440 Cr	₹3,943 Cr	₹4,557 Cr	₹4,900 Cr	₹5,918 Cr	₹7,211 Cr	₹7,966 Cr	₹8,368 Cr	₹9,125 Cr	₹10,035 Cr
Fixed Assets	₹931.00 Cr	₹963.00 Cr	₹1,136 Cr	₹1,267 Cr	₹1,583 Cr	₹1,916 Cr	₹2,044 Cr	₹2,187 Cr	₹3,332 Cr	₹3,500 Cr	₹3,677 Cr	₹3,841 Cr
Total Assets	₹2,716 Cr	₹2,877 Cr	₹3,440 Cr	₹3,943 Cr	₹4,557 Cr	₹4,900 Cr	₹5,918 Cr	₹7,211 Cr	₹7,966 Cr	₹8,368 Cr	₹9,125 Cr	₹10,035 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operations (CFO)	₹414.00 Cr	₹595.00 Cr	₹394.00 Cr	₹422.00 Cr	₹611.00 Cr	₹725.00 Cr	₹796.00 Cr	₹566.00 Cr	₹976.00 Cr	₹1,591 Cr	₹1,269 Cr	₹1,540 Cr
Cash from Investing (CFI)	-₹184.00 Cr	-₹259.00 Cr	-₹308.00 Cr	-₹183.00 Cr	-₹379.00 Cr	-₹223.00 Cr	-₹457.00 Cr	-₹521.00 Cr	-₹600.00 Cr	-₹398.00 Cr	-₹650.00 Cr	-₹974.00 Cr
Cash from Financing (CFF)	-₹198.00 Cr	-₹368.00 Cr	-₹82.00 Cr	-₹200.00 Cr	-₹259.00 Cr	-₹479.00 Cr	-₹282.00 Cr	-₹78.00 Cr	-₹363.00 Cr	-₹1,069 Cr	-₹606.00 Cr	-₹613.00 Cr
Free Cash Flow (FCF)	₹254.00 Cr	₹477.00 Cr	₹130.00 Cr	₹132.00 Cr	₹320.00 Cr	₹294.00 Cr	₹611.00 Cr	-₹193.00 Cr	₹232.00 Cr	₹1,321 Cr	₹845.00 Cr	₹1,037 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days (DSO)	47	47	46	49	40	41	55	44	43	42	49	48
Inventory Days	104	108	153	140	138	142	174	178	142	134	143	144
Cash Conversion Cycle (Days)	70	56	75	56	67	65	67	83	77	73	86	87
ROCE %	25%	30%	31%	29%	27%	28%	27%	26%	24%	28%	25%	22%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹160.67 • Premium / Overvalued

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹475.55

DCF Fair Value

₹160.67

Graham Number

₹118.47

Margin of Safety

-70.2%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹160.67

Premium / Overvalued (Margin: -70.2%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹156	₹155	₹154	₹152
10%	₹159	₹158	₹156	₹155
12%	₹162	₹161	₹159	₹158
14%	₹165	₹164	₹162	₹161

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹161	Fairly Valued
Benjamin Graham Number	₹118	Market Priced
Historical Sector P/E	₹231	Premium
EV / EBITDA Multiplier	₹499	In-Line
Free Cash Flow Yield Model	₹466	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 8/9 (Strong Financial Health)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

8 / 9 Pass

Altman Z-Score

5.55 (Safe Zone (Low Distress))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Debt/Equity: 0.09x (Safe)

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 16.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

74.98%

FIIs (Foreign)

4.82%

DIIs (Domestic)

11.78%

Government

0.15%

Public / Retail

8.40%

Swipe → to view historical quarters

Category	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Promoters	75.00%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.99%	74.98%	74.98%	74.98%
+ FIIs (Foreign Portfolio)	10.89%	10.68%	10.66%	7.51%	6.98%	5.94%	5.75%	5.59%	5.35%	5.25%	4.68%	4.82%
+ DIIs (Mutual Funds / Insurance)	4.06%	4.67%	5.17%	7.57%	8.77%	9.60%	10.11%	10.45%	10.71%	11.08%	11.71%	11.78%
+ Public (Retail & HNIs)	10.05%	9.65%	9.17%	9.93%	9.24%	9.47%	9.15%	8.97%	8.95%	8.68%	8.63%	8.40%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Consumer Goods.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

BERGEPAINT Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

BERGEPAINT Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

BERGEPAINT Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹608.70

Accelerated market share capture in Consumer Goods, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹532.62

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 43x P/E.

🐻 Bear Case (15%) -12.0%

₹418.48

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Consumer Goods)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 18:19 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ Berger Paints India Ltd (BERGEPAINT)	Target Stock	₹475.55	+0.92%	43.0x	17.3%	21.6%	0.09	₹52,750 Cr
Titan Company Ltd (TITAN)	Jewellery (Tanishq), Watches & Eyewear	₹4,970.00	-0.70%	68.7x	37.7%	20.5%	1.95	₹4.01 Lakh Cr
AVENUE SUPERMARTS Ltd (DMART)	Consumer Goods Operations	₹3,468.00	+0.03%	81.3x	12.9%	17.2%	0.10	₹2.49 Lakh Cr
Asian Paints Ltd (ASIANPAINT)	Paints & Home Decor	₹2,550.30	+1.63%	47.3x	21.8%	26.3%	0.18	₹2.31 Lakh Cr
Trent Ltd (TRENT)	Sector Peer	₹3,222.70	+3.32%	75.2x	27.7%	28.3%	0.37	₹1.38 Lakh Cr
Havells India Ltd (HAVELLS)	Sector Peer	₹1,174.10	+1.26%	39.2x	19.0%	24.9%	0.03	₹65,266 Cr
Kalyan Jewellers India Ltd (KALYANKJIL)	Sector Peer	₹663.75	+8.63%	37.3x	24.8%	21.2%	0.97	₹54,581 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	18:19:18 IST	✓ Live Sync
Financial Statements (10Y)	Berger Paints India Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	11 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	11 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	11 Nov 2026	✓ Deterministic

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TickerPulse Academy

Berger Paints India Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About Berger Paints India Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Consumer Goods)

Metric Explainer

Stock DNA Methodology

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