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As of 6 Nov 2026, Berger Paints India trades at 45.4× trailing earnings, above the industry P/E of 22.1×, and the shares are 20% below their 52-week high. Sales and net profit grew 4.2% and 9.4% a year over 3 years, with ROCE of 21% and ROE of 18%. Debt is 0.15× equity, and its dividend yield is 0.8%. It is a mid-cap company with a market cap of ₹55,776 Cr, ranked 5th of 204 Specialty Chemicals companies by market cap; the shares fell 6.0% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹499.50
Day high
₹499.50
Day low
₹473.80
Prev. close
₹505.00
Volume
5.3 L

Health check

1 good · 2 fair · 3 to check
  • ReturnsBehind

    −6.0% over a year, better than 0 of 7 peers.

  • Price tagPricier

    P/E 45.4 vs industry 22.1.

  • GrowthSteady

    Sales +4.2%, profit +9.4% a year over 3 years.

  • ProfitabilityAverage

    ROCE 20.6% vs peer median 24.4%.

  • Balance sheetSolid

    Debt 0.15× equity, interest covered 26.8×, Piotroski 6 of 9.

  • Red flags1 to check

    P/E of 45.4 against an industry P/E of 22.1.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Chemicals

203 listed peers. Screen the industry

Mid cap

₹55,776 Cr, #5 of 204 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹12,652 Cr · profit ₹1,227 Cr
Market cap
₹55,776 Cr
Mid cap
P/E
45.4
Industry 22.1
Price to book
7.88
Peers 13.33
Dividend yield
0.84%
ROE
18.4%
Peers 23.0%
ROCE
20.6%
Peers 24.4%
Debt to equity
0.15
Debt ₹1,067 Cr
EPS (TTM)
₹10.53
Face value ₹1
OPM (TTM)
15.3%
Net margin 9.7%
Sales growth
+14.3%
Latest quarter vs a year ago
Profit growth
+5.1%
Latest quarter vs a year ago
Price to sales
4.41
EV/EBITDA 30.0

Strengths and risks

Strengths

  • Return on equity of 18.4%.
  • Return on capital employed of 20.6%.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 45.4 against an industry P/E of 22.1.

Derived automatically from reported figures. Not a recommendation.

About Berger Paints India

Berger Paints India Limited manufactures and sells paints in India and internationally. The company offers interior wall coatings, including designer finishes, interior emulsions, and ceiling paints; exterior wall coatings comprising exterior emulsions and textures, and roof and floor coatings; putty and cement paints; solvent, interior, exterior, metal, and wood primers; enamels; wood finishes; waterproofing solutions; and tiling solutions. It also…

Headquarters
Kolkata
Employees
5,105
Sector
Basic Materials
ISIN
INE463A01038
Website
bergerpaints.com

Price range

52 weeks

₹391.10₹594.55

Today

₹473.80₹499.50
Avg volume (3M)
3.6 L
1-year return
minus 6.0%
From 52-week high
minus 19.5%

Analyst consensus

22 analysts
HoldMean target ₹565.18 plus 18.2%

Target range, with today’s price

Low ₹440.00High ₹675.00

Next results expected around 4 Feb 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Specialty Chemicals

Compare with peersScreen the whole industry
Company
ASIANPAINTAsian Paints2,546.00plus 0.88%2,44,02550.511.2324.4%23.0%18.9%1.1%1.7%1.13%plus 1.5%
SOLARINDSSolar Industries India18,608.00plus 0.48%1,68,38474.421.9429.5%35.1%27.8%12.4%30.4%0.06%plus 35.9%
PIDILITINDPidilite Industries1,579.00plus 1.63%1,60,82760.014.3328.5%25.7%23.5%7.4%24.4%0.73%plus 6.8%
LINDEINDIALinde India6,859.00plus 8.73%58,496118.413.3316.3%11.8%31.5%––0.06%plus 5.4%
BERGEPAINTBerger Paints India478.35minus 5.28%55,77645.47.8820.6%18.4%15.3%4.2%9.4%0.84%minus 6.0%
FLUOROCHEMGujarat Fluorochemicals4,665.50minus 0.94%51,25175.96.119.6%8.3%24.1%−4.5%−24.3%0.06%plus 28.0%
ACUTAASAcutaas Chemicals3,786.60plus 0.42%31,00170.916.6927.7%26.1%39.4%29.4%62.3%0.07%plus 105.6%
HSCLHimadri Speciality Chemical568.15minus 0.07%28,66733.55.5821.0%18.5%21.8%3.7%51.5%0.14%plus 22.9%
Median of 7 peers–0.48%58,49670.913.3324.4%23.0%24.1%5.6%27.4%0.07%22.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
3,2012,9842,8683,5843,200
2,6722,5132,3862,9762,830
528471482607371
16.5%15.8%16.8%16.9%11.6%
39.648.732.650.739.8
14.514.111.612.516.5
94100101103109
−36.8−53.336.8––
423352438543285
25.5%23.0%23.5%25.4%23.9%
315271335404217
2.702.332.873.471.86

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+4.2%
Profit CAGR 3Y
+9.4%
EPS CAGR 3Y
+9.4%
ROE
18.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
10,41511,10011,45711,790
–+6.6%+3.2%+2.9%
8,8799,2089,5679,912
1,5361,8921,8911,878
14.7%17.0%16.5%15.9%
8.382.880.879
99.278.363.357.6
264331354392
−18.9−8.614.3−18.9
1,1621,5571,5681,488
26.0%24.9%24.6%24.2%
8591,1681,1801,127
–+35.9%+1.1%minus 4.5%
7.3710.0210.129.66

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
97.1117117117
4,3975,2626,0386,800
1,189753670635
2,2842,2362,3072,506
7,9678,3699,13210,057
3,1653,3753,5023,752
131197179324
25.90.70.760.4
2935568351,280
4,3524,2404,6154,641
7,9678,3699,13210,057

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9761,5911,2691,540
−600−398−650−976
−363−1,069−606−613
12.512413.6−48.6
−748−275−429−518
2281,3168401,022
−301−311−408−443

Shareholding pattern

Source: NSE filings
75.0%
promoters
  • Promoters74.99%
  • Public25.01%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202674.99%25.01%plus 0.01
30 Jun 202674.98%25.02%0.00
31 Mar 202674.98%25.02%0.00
31 Dec 202574.98%25.02%0.00
30 Sep 202574.98%25.02%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you