Berger Paints (I) Ltd

NSE: BERGEPAINT · Paints · sector

₹465.80NSE close 2026-10-26

Key numbers

Market cap₹54,312 cr

Price₹465.80

52w high / low₹595 / ₹391

P/E44.6xSector median 34.4x

P/B7.8xSector median 4.2x

Book value₹59.3

Dividend yield0.82%Sector median 0.96%

ROE18.6%Sector median 14.9%

ROCE21.3%Sector median 18.6%

OPM15.5%Sector median 15.5%

Debt / equity0.09xSector median 0.08x

EV/EBITDA28.3xSector median 19.8x

Interest cover29.0x

Current ratio2.12x

Sales growth 3y+4.0%Sector median +4.0%

Profit growth 3y+9.4%Sector median +9.4%

PEG15.08x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 9 companies in Paints (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹1,259 cr vs borrowings ₹635 cr (FY26): cash is higher (net cash).
Borrowings fell in each of the last 3 years (₹1,189 cr → ₹635 cr).
Operating profit covered interest 29.0x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 1 of the last 5 years (FY22).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 10% of net profit in the last 12 months.
Dividend paid in 5 of the last 5 financial years.
Price ₹465.80 on 2026-10-26: -21.7% from the 52-week high, +19.1% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹622.30 · low ₹404.50

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	2,775	2,975	2,704	3,201	2,827	2,984	2,868	3,584
EBITDA	434	472	428	492	352	418	518	607
OPM %	15.6%	15.9%	15.8%	15.4%	12.5%	14.0%	18.1%	16.9%
Other income	21	20	17	28	26	31	22	39
Net profit	270	295	262	315	206	271	335	404
EPS (₹)	2.31	2.53	2.25	2.70	1.77	2.33	2.87	3.47
Revenue YoY					+1.9%	+0.3%	+6.1%	+12.0%
Profit YoY					-23.6%	-8.1%	+27.8%	+28.5%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	8,762	10,568	11,199	11,545	11,880	12,263
EBITDA	1,335	1,487	1,861	1,856	1,780	1,896
Net profit	833	859	1,168	1,180	1,127	1,217
EPS (₹)	8.58	8.86	10.02	10.13	9.67	10.44
Revenue growth		+20.6%	+6.0%	+3.1%	+2.9%	+5.2%
Profit growth		+3.2%	+35.9%	+1.1%	-4.5%	+6.6%
Dividend / share (₹)	2.80	3.10	3.20	3.50	3.80

Compounded growth	3 years	5 years	Last 12 months
Sales	+4.0%	+11.7%	+5.2%
Net profit	+9.5%	+9.4%	+6.6%
EPS	+3.0%	+5.5%	–
Share price	–	-7.6% (2y)	-12.2%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	4,494	5,379	6,154	6,916
Borrowings	–	1,189	753	670	635
Cash & equivalents	–	298	537	834	1,259
Total assets	–	7,967	8,369	9,132	10,057
Fixed assets	–	2,536	2,516	2,693	2,811
Capital work in progress	–	110	187	123	316
Investments	–	130	169	199	235
Receivables	–	1,243	1,302	1,536	1,565
Inventory	–	2,319	2,180	2,366	2,393
Payables	–	1,766	1,679	1,740	1,745

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	566	976	1,591	1,269	1,540
Cash from investing	-521	-600	-398	-650	-976
Cash from financing	-78	-363	-1,069	-606	-613
Capex	774	748	275	429	518
Free cash flow	-208	228	1,316	840	1,022

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	19.1%	21.7%	19.2%	16.3%
ROCE %	–	22.4%	26.0%	23.4%	19.8%
Debtor days	–	43	42	49	48
Inventory days	–	126	120	128	128
Payable days	–	96	92	94	93
Cash conversion cycle (days)	–	73	70	83	83
Working capital days	–	41	64	79	88

Shareholding

Holder	% (2026-09-30)
Promoters	74.99%
FIIs	4.96%
DIIs	11.69%
of which Mutual funds	6.96%
of which Insurance	4.68%
Government	0.00%
Public (non-institutions)	8.37%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	74.99%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.99%

Promoter group	%
U K Paints (India) Private Limited	64.56%
Citland Commercial Credits Limited	3.18%
Wang Investment And Finance Pvt Ltd	3.09%
KSD Family Trust	0.86%
Bigg Investments And Finance Private Limited	0.82%
GBS Dhingra Family Trust	0.61%
Kuldip Singh Dhingra	0.57%
Gurbachan Singh Dhingra	0.46%
Vinu Dhingra	0.40%
Meeta Dhingra	0.10%
Kanwardip Singh Dhingra	0.07%
Rishma Kaur	0.06%
Jessima Kumar	0.06%
Anshana Sawhney	0.06%
Sunaina Kohli	0.06%

Public holders above 1%	%
Sbi Large & Midcap Fund	4.27%
Life Insurance Corporation Of India	4.12%
Nalanda India Fund Limited	2.59%

3,08,280 shareholders. Pledged: 0.00% of promoter shares.

Peers in Paints

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
ASIANPAINT	₹2,22,726 cr	46.7x	10.4x	23.4%	28.0%	19.0%	+1.1%	1.09%
BERGEPAINT	₹54,312 cr	44.6x	7.8x	18.6%	21.3%	15.5%	+4.0%	0.82%
KANSAINER	₹14,447 cr	24.1x	2.1x	9.1%	12.5%	11.3%	+2.2%	2.10%
JSWDULUX	₹12,700 cr	6.5x	5.2x	103.8%	96.8%	65.0%	-1.8%	6.67%
INDIGOPNTS	₹4,872 cr	30.3x	4.2x	14.9%	19.3%	18.2%	+9.4%	0.34%
SIRCA	₹2,331 cr	34.4x	4.9x	16.2%	18.6%	19.7%	+22.5%	0.35%
SHALPAINTS	₹673 cr	–	2.7x	-24.5%	-11.2%	-5.6%	+5.8%	–
KAMOPAINTS	₹123 cr	–	0.7x	-2.4%	-0.6%	1.7%	-1.9%	–
RETINA	₹43 cr	67.1x	2.2x	3.3%	12.1%	11.8%	+29.4%	–

All 9 companies in Paints →

Dividends & corporate actions

Ex-date	Action	Detail
2026-08-05	Dividend	Dividend - Rs 4 Per Share
2025-08-05	Dividend	Dividend - Rs 3.80 Per Share
2024-08-05	Dividend	Annual General Meeting/Dividend - Rs 3.50 Per Share
2023-09-22	Bonus	Bonus 1:5
2023-08-04	Dividend	Annual General Meeting/Dividend - Rs 3.20 Per Share
2022-08-18	Dividend	Annual General Meeting/Dividend - Rs 3.10 Per Share
2021-08-18	Dividend	Annual General Meeting/Dividend - Rs 2.80 Per Share
2020-09-17	Dividend	Annual General Meeting/Dividend - Rs 0.30 Per Share
2020-03-02	Dividend	Interim Dividend - Rs 1.90 Per Share
2019-07-26	Dividend	Annual General Meeting/Dividend - Rs 1.90 Per Share
2018-07-26	Dividend	Annual General Meeting/Dividend- Rs 1.80 Per Share
2017-07-27	Dividend	Annual General Meeting/Dividend - Rs 1.75/- Per Share
2016-07-26	Dividend	Annual General Meeting/ Dividend - Re 1/- Per Share
2016-07-15	Bonus	Bonus 2:5
2016-02-17	Dividend	Interim Dividend Re 0.65 Per Share
2015-07-24	Dividend	Annual General Meeting/Dividend - Re 0.65/- Per Share
2015-02-12	Dividend	Interim Dividend - Re 0.60/- Per Share
2015-01-08	Split	Face Value Split (Sub-Division) - From Rs 2/- Per Share To Re 1/- Per Share
2014-07-16	Dividend	Annual General Meeting/ Dividend - Rs 2.20/- Per Share
2013-07-17	Dividend	Annual General Meeting And Dividend Rs.1.80 Per Share

Documents

Links go to the original files on the exchange website.

About the company

Paints, varnishes, enamels or lacquers: Manufacture of paints, varnishes, enamels or lacquers


Sector	Consumer Discretionary
Industry	Paints
Sub-industry	Paints
Symbol	BERGEPAINT
BSE code	509480
ISIN	INE463A01038
Face value	₹1.0
Incorporated	1923-12-17
Website	www.bergerpaints.com
Plants (India / abroad)	15 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.