Berger Paints (NSE: BERGEPAINT) has informed that the company has entered into a technology agreement, with Ramakrishna Mission Vidyamandir of Belur for the exploration of industrial-scale production of green ammonia.
“We are pleased to announce that the Ramakrishna Mission Vidyamandir, Belur has awarded a joint venture agreement with Berger Paints India Limited for the study of pilot-scale and later industrial-scale creation of green ammonia by electrocatalytic process without green hydrogen,” according to the company in an exchange document.
Presently, It is the second-largest paint maker in India.
The Share Will Remain In Focus
The stock market will remain closed on Monday due to Holi. The shares of the company will be under scrutiny the next day.
On March 22, shares of Berger Paints closed at Rs 559.85 on the NSE with a rise of 0.77 percent.
The company’s shares have increased by 16.47 percent in the last year. The 52-week peak of the share is 679.75.
Q3 Results
In the third quarter of FY 2024, the consolidated profit of Berger Paints India increased by 49.21 percent year-on-year to Rs 300.16 crore, which was Rs 201.17 crore in the same period of the last financial year.
The company’s income increased by 6.99 percent annually to Rs 2,881.83 crore.
The company said its EBITDA was Rs 480.04 crore, an increase of 37.3 percent year-on-year.
About Berger Paints India Ltd
Paints India Limited is an Indian company that is involved in the manufacture and sale of paints.
The company offers products in categories like exterior wall coatings, exterior metallic finishes undercoats, and solutions for waterproofing.
The wall distempers it offers for the interior are Bison Distemper.
Some exterior emulsions are offered by the Company such as WeatherCoat Long Life 7, WeatherCoat Long Life 10, WeatherCoat Long Life PU Tile Coat together with Never Miss Ceiling white, and WeatherCoat Anti Dust.
Its Sandila Plant is the manufacturing facility of the Company located in India, which is water-based paint.
Fundamental Analysis of Berger Paints India Ltd
| Market Cap | ₹ 65,091 Cr. |
| Current Price | ₹ 558 |
| 52-wk High | ₹ 680 |
| 52-wk Low | ₹471 |
| Stock P/E | 57.5 |
| Book Value | ₹ 41.5 |
| Dividend | 0.48 % |
| ROCE | 23.8 % |
| ROE | 20.4 % |
| Face Value | ₹ 1.00 |
| P/B Value | 13.4 |
| OPM | 16.7 % |
| EPS | ₹ 9.71 |
| Debt | ₹ 1,154 Cr. |
| Debt to Equity | 0.24 |
Berger Paints India Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹560 | ₹600 |
| 2025 | ₹612 | ₹643 |
| 2026 | ₹656 | ₹700 |
| 2027 | ₹723 | ₹786 |
| 2028 | ₹800 | ₹854 |
| 2029 | ₹897 | ₹936 |
| 2030 | ₹950 | ₹1000 |
Berger Paints India Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 75.00% |
| Mar 2023 | 75.00% |
| June 2023 | 75.00% |
| Sept 2023 | 75.00% |
| Dec 2023 | 74.99% |
| FII Holding | |
| Dec 2022 | 11.11% |
| Mar 2023 | 10.64% |
| June 2023 | 10.83% |
| Sept 2023 | 10.89% |
| Dec 2023 | 10.68% |
| DII Holding | |
| Dec 2022 | 2.90% |
| Mar 2023 | 3.47% |
| June 2023 | 3.75% |
| Sept 2023 | 4.06% |
| Dec 2023 | 4.67% |
| Public Holding | |
| Dec 2022 | 10.98% |
| Mar 2023 | 10.90% |
| June 2023 | 10.42% |
| Sept 2023 | 10.05% |
| Dec 2023 | 9.65% |
Berger Paints India Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹6,062 Cr |
| 2020 | ₹6,366 Cr |
| 2021 | ₹6,818 Cr |
| 2022 | ₹8,762 Cr |
| 2023 | ₹11,122 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹494 Cr |
| 2020 | ₹656 Cr |
| 2021 | ₹720 Cr |
| 2022 | ₹833 Cr |
| 2023 | ₹1,133 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.2 |
| 2020 | 0.2 |
| 2021 | 0.11 |
| 2022 | 0.17 |
| 2023 | 0.17 |
Last 10 Years’ Profit Growth:
| 10 Years: | 15% |
| 5 Years: | 14% |
| 3 Years: | 10% |
| Current Year: | 27% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 23% |
| 5 Years: | 22% |
| 3 Years: | 22% |
| Last Year: | 20% |
Sales Growth Over 10 Years:
| 10 Years: | 13% |
| 5 Years: | 155 |
| 3 Years: | 18% |
| Current Year: | 8% |
Conclusion
This article is a complete guide about Berger Paints India Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
