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BERGEPAINT · Berger Paints (I) Ltd · Chemical Manufacturing

BERGEPAINT · Berger Paints (I) Ltd · Chemical Manufacturing

₹505+4.1%

As of 05 Nov close

52-week range

52wk low ₹391.152wk high ₹594.55

15.1% below 52-week high

52-week range: as of 05 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

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Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old

Revenue growth acceleratingOperating margin above its own average

Revenue (latest Q)

₹3,584 Cr

Revenue YoY

PAT YoY

+28.5%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

8.2

P/S (TTM)

4.4

Sector P/E

25.8

Dividend yield

+0.9%

CompanyP/EP/BNet marginROED/EDiv. yield
BERGEPAINT (this stock)48.98.2+9.9%+17.6%0.09+0.9%
Asian Paints5311.1+12.8%+22.3%0.18+1.1%
Solar Industries India99.626.6+17.6%+31.4%13.68+0.1%
Pidilite Industries61.319.4+17.2%+24.4%0.04+0.7%

Promoter

stable

FII

rising 1q

MF

7.01% (+0.21pp)

rising 3q

Insider trades

DateInsiderTypeQtyValue
15 Sept 2026Ranjan BanerjeeSELL54₹24,231
07 Sept 2026Mr Kanwardip Singh DhingraBUY19,788₹96 lakh
07 Sept 2026MsRishma KaurBUY24,735₹1.24 Cr
07 Sept 2026Ms Sunaina KohliBUY14,840₹71.94 lakh
07 Sept 2026Ms Anshana SawhneyBUY14,841₹71.98 lakh
07 Sept 2026Ms Jessima KumarBUY24,734₹1.2 Cr
24 Aug 2026Yogesh Mohan BhatiaSELL5,167₹26.99 lakh
14 Aug 2026Kaushik SarkarSELL731₹4.09 lakh
11 Aug 2026Ranjan BanerjeeSELL540₹2.89 lakh
10 Aug 2026Ranjit ChakravortySELL235₹1.27 lakh
15 Jun 2026RANJAN BANERJEESELL671₹3.5 lakh
12 Jun 2026KAUSHIK SARKARSELL6,000₹31.2 lakh
10 Jun 2026SATYAM JAISWALSELL368₹1.91 lakh
27 May 2026DEBARSHI MUKHERJEESELL216₹1.13 lakh
27 May 2026DEBARSHI MUKHERJEESELL216₹1.13 lakh
18 May 2026VIKASH AGARWALSELL955₹4.98 lakh
18 May 2026VIKASH AGARWALSELL955₹4.98 lakh
29 Dec 2025U.K Paints (India) Pvt. Ltd.BUY16,87,88,138₹16.88 Cr

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

Concalls & investor presentations

AI-generated
Concall transcriptPositive06 Aug 2026
View source filing →

Key takeaway: During the earnings conference call for the quarter ended June 30, 2026, management reported a volume growth of approximately 8.4% and a value growth of 12.7%. The decorative business outperformed with nearly 13.5% value growth and around 20% growth in operating profit. Management noted that the protective GI and powder coatings divisions experienced lower growth due to delayed price increases. Gross margins moderated slightly, primarily due to the partial pass-through of input cost increases. Standalone and consolidated profit after tax (PAT) increased by 26% and 29%, respectively. Management highlighted strong growth in HomeShield and wood coatings, and the store footprint expanded to over 1,900 stores. The company plans to sustain double-digit revenue growth, supported by price increases and festive demand. Management acknowledged that market competitiveness remains elevated and emphasized ongoing investments in branding and innovation.

Management highlighted strong growth and positive performance across several business segments.

Sourced from an exchange-filed transcript, dated 06 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive05 Aug 2026
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Key takeaway: The investor presentation by Berger Paints India Limited reported a strong performance for Q1 FY27, highlighting high single-digit volume growth and double-digit value growth. The decorative business outperformed with nearly mid-teen value growth, supported by price increases. Gross margins moderated slightly due to delayed pass-through of input costs, but operating profit in the decorative segment grew nearly 20%. Standalone and consolidated PAT increased by approximately 26% and 29% year-on-year, respectively. The presentation noted robust growth in construction chemicals and wood coatings, with the store footprint expanding to over 1,900 locations. Consolidated revenue grew around 12%, with joint ventures showing strong growth. Management set a goal of sustaining double-digit revenue growth, supported by festive demand and distribution expansion, while monitoring macroeconomic factors. The document emphasized the company's commitment to brand investment and innovation.

Management highlighted strong growth and positive performance metrics throughout the presentation.

Sourced from an exchange-filed presentation, dated 05 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptNeutral14 May 2026
View source filing →

Key takeaway: The document is a formal communication from Berger Paints (I) Limited regarding the transcript of an investor presentation on financial results for the quarter and year ended 31st March 2026. The presentation took place on 12th May 2026, and the transcript is accessible on the company's website. The communication is directed to various stock exchanges, including BSE Limited, the National Stock Exchange of India Limited, and the Calcutta Stock Exchange Ltd., and is in compliance with SEBI regulations. The document serves as a record of the company's financial disclosures.

The document provided factual information regarding the investor presentation and compliance with regulatory requirements.

Sourced from an exchange-filed transcript, dated 14 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive12 May 2026
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Key takeaway: The investor presentation by Berger Paints India Limited reported a volume growth of 11.8% and a value growth of 6.7% for Q4 FY26, driven by strong performance across key business segments. The company maintained a market share of approximately 20% among listed peers. Gross and operating margins reached a 12-quarter and 10-quarter high, respectively, supported by a favorable product mix and operating leverage. Operating profit increased by around 18%, with a PAT before exceptional items rising by 23% and after exceptional items by 38%, aided by insurance claim recognition. The decorative segment showed strong double-digit volume growth, while the automotive coatings segment also performed well due to healthy demand. The presentation highlighted the expansion of the retail footprint and the introduction of new premium products. Overall, the document detailed robust financial performance and strategic initiatives for growth.

Management emphasized strong growth and improved margins across various segments.

Sourced from an exchange-filed presentation, dated 12 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptNeutral10 Feb 2026
View source filing →

Key takeaway: During the Q3 FY26 results conference call, management reported high single-digit volume growth of 8.5%, while value growth was muted at 0.4%. The extended monsoon impacted demand momentum, but gross margins expanded year-on-year and quarter-on-quarter, reaching 41.2%. Management noted that the automotive segment performed steadily, while the protective segment remained muted. The decorative business saw continued dealer network expansion, with over 1,800 stores and the installation of more than 2,500 color bank machines. New product launches, including Emulsion Color Plus and metallic paints, performed well. Management highlighted a stable competitive landscape, with no significant changes in market share. They acknowledged a slight loss in market share but emphasized that overall performance remained stable. The company plans to continue investments in branding and distribution to capture potential demand improvements. Management also discussed the impact of geopolitical and economic factors on future performance.

Management provided a balanced overview of performance, highlighting both growth and challenges.

Sourced from an exchange-filed transcript, dated 10 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationMixed05 Feb 2026
View source filing →

Key takeaway: Berger Paints India Limited reported its financial results for the quarter and nine months ended December 31, 2025, during the earnings call on February 5, 2026. The presentation highlighted a high single-digit volume growth, although value growth remained muted due to an extended monsoon affecting demand. Management noted a year-on-year and quarter-on-quarter expansion of gross margins, attributed to an improved product mix and stable raw material prices. The automotive segment showed steady performance, while the protective segment remained muted. The company expanded its dealer network and launched new products, which contributed to growth in the decorative and wood coatings segments. The consolidated net cash position was reported at ₹918 crore as of December 2026. Management indicated that demand conditions are being closely monitored, with a focus on revenue growth and maintaining gross margins, while acknowledging potential challenges from geopolitical and market dynamics.

The presentation included both positive growth indicators and challenges affecting demand.

Sourced from an exchange-filed presentation, dated 05 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26262 pages

Berger Paints (I) Limited reported a 2.9% increase in revenue to ₹11,880.3 crore for FY2025-26, but experienced a 1.2% decline in EBITDA to ₹1,833.3 crore and a 4.6% drop in net profit to ₹1,128.0 crore. The company recommends a 400% dividend of ₹4.00 per share. Key challenges include muted industry growth, extended monsoons affecting construction, and geopolitical tensions impacting raw material costs. The company has no material regulatory actions or defaults, and its internal controls are deemed effective by auditors. A new manufacturing facility in Andhra Pradesh commenced operations in February 2026.

  • Revenue increased by 2.9% to ₹11,880.3 crore, but EBITDA declined by 1.2% to ₹1,833.3 crore.
  • Net profit fell by 4.6% to ₹1,128.0 crore, with a recommended 400% dividend.
  • Industry challenges include extended monsoons, geopolitical tensions, and muted growth in the architectural coatings segment.
  • No material regulatory actions or defaults noted; internal controls are effective per auditors.
  • New Resin manufacturing facility in Andhra Pradesh started commercial production in February 2026.

Key takeaway: Berger Paints saw revenue growth but faced margin pressures and industry headwinds; no major regulatory or liquidity risks, but contingent tax liabilities remain unresolved.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 21 Jul 2026View source filing →

Governance disclosures

AI-generated

Needs attention

Default / Covenant Breach (2 items)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Default / Covenant Breach

2 occurrences

Recent (last 12 months)

Annual Report21 Jul 2026 (FY2025-26)
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The company has undisputed statutory dues in arrears for periods exceeding six months, including Goods and Service Tax, Provident Fund, Employees State Insurance, Income-Tax, Duty of Customs, and Cess, with amounts pending before various forums like High Court, CESTAT, and Adjudicating Authority.

Earlier (1-3 years ago)

Annual Report26 Sept 2025 (FY2024-25)· 3 passages
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The company has overdue amounts from a subsidiary company, with principal and interest overdue exceeding ninety days, and reasonable steps have been taken for recovery.

Routine disclosures

Contingent Liability

5 occurrences

Recent (last 12 months)

Annual Report21 Jul 2026 (FY2025-26)· 3 passages
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The company has contingent liabilities related to legal claims, including sales tax, excise duty, income tax, and other matters, with uncertain outcomes and provisions made based on management judgment and legal advice.

Earlier (1-3 years ago)

Annual Report26 Sept 2025 (FY2024-25)· 7 passages
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The company has exposures towards litigation/disputes relating to various matters as set out in the note, with uncertain outcomes and provisions made based on management judgment and legal advice.

Annual Report20 Jul 2024 (FY2023-24)· 5 passages
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The company has lease agreements with dealers, with lease rentals that may be waived or refunded if sales targets are met, and has recognized liabilities for amounts received from customers pending refund.

Older (3+ years ago)

Annual Report20 Jul 2023 (FY2022-23)· 5 passages
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The company has contingent liabilities including legal claims related to tax matters and guarantees issued for loans taken by subsidiaries and a joint venture, with a total guarantee value of 102.00 Crores as of March 31, 2022.

Annual Report09 Mar 2022 (FY2021-22)· 5 passages
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The company has contingent liabilities related to legal claims including Sales Tax, Excise Duty, Service Tax, Customs, Goods and Service Tax, and Income Tax. These claims are being contested, and no provision has been made as the company's lawyers advise that none of the claims are tenable.

Related-Party Transaction

5 occurrences

Recent (last 12 months)

Annual Report21 Jul 2026 (FY2025-26)· 2 passages
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The company has trade payables with related parties, as mentioned in Note 51b, which outlines the terms and conditions of transactions with related parties.

Earlier (1-3 years ago)

Annual Report26 Sept 2025 (FY2024-25)
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The Holding Company provides financial support to its joint venture, Berger Nippon Paint Automotive Coatings Private Limited, to maintain operations and meet financial commitments.

Annual Report20 Jul 2024 (FY2023-24)· 2 passages
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The company has outstanding dues of ₹0.96 crore to Capital Creditors as of March 2024, which are disclosed in Note 30.

Older (3+ years ago)

Annual Report20 Jul 2023 (FY2022-23)· 2 passages
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The company has disclosed related-party transactions with entities controlled by Key Managerial Personnel and family trusts of directors, including transactions with BAICL Employees Superannuation Fund, Seaward Packaging Private Limited, and others, as per Ind AS 24.

Annual Report09 Mar 2022 (FY2021-22)
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The company has related party transactions with entities controlled by Key Managerial Personnel and the spouse of Mr. Kuldip Singh Dhingra.

Statutory dues in dispute

3 occurrences

Earlier (1-3 years ago)

Annual Report20 Jul 2024 (FY2023-24)Disputed tax/statutory dues under appeal, not a loan default
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The company has undisputed statutory dues related to goods and services tax, provident fund, employees’ state insurance, income-tax, sales-tax, service tax, duty of custom, duty of excise, value added tax, cess, and other material statutory dues that have not been deposited due to disputes, with amounts pending in various financial years and forums.

Older (3+ years ago)

Annual Report20 Jul 2023 (FY2022-23)Disputed tax/statutory dues under appeal, not a loan default
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The company has outstanding statutory dues related to excise duty, service tax, customs, sales tax, and goods and service tax, with disputes pending before various authorities including Adjudicating Authority, Commissioner (Appeals), CESTAT, Appellate and Revisional Board, Appellate Authority, Taxation Tribunal, and High Courts. The amounts are not specified but are noted as undisputed and not yet deposited.

Annual Report09 Mar 2022 (FY2021-22)Disputed tax/statutory dues under appeal, not a loan default
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The company has outstanding statutory dues related to excise duty, service tax, and customs under various statutes, with disputes pending before authorities such as the Adjudicating Authority, Commissioner (Appeals), and CESTAT.

Management & Board Governance

1 occurrence

Earlier (1-3 years ago)

Annual Report26 Sept 2025 (FY2024-25)
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Ms Rishma Kaur, a Non-Executive, Chairman/Promoter Director, resigned as a Whole-time Director on 3rd August 2024 but continued as a Non-Executive Director.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

0.29% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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