BERGER PAINTS (INDIA) LTD.

Trendlyne Stock Report

Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

₹502.2 (-1.6% ) 52 Week High Low

439
502.2

679.8
Market Cap: 585.4B Avg Daily Volume: 1.6M
NSE | Jun 21, 2024 03:31 PM

DVM SUMMARY

Expensive Performer D V M

These stocks are strong in quality but with mid-range technical aspects. Their strong financials make them little expensive so choose the right moment to buy them.

Durability Score (D) High Financial Strength Valuation Score (V) Expensive Valuation Momentum Score (M) Technically Neutral

Bad Medium Good Bad Medium Good Bad Medium Good

85 25 46
0 35 55 100 0 30 50 100 0 35 60 100

ANALYST RECOMMENDATION TRENDLYNE CHECKLIST

Consensus Recommendation Target Price

SELL 499 (-0.64%) 69.6% Passed in checklist
Financials 7 1
2 5 7 8

Total : 22 Ownership 3 1
Strong Buy Buy Hold Sell Strong Sell

Peer Comparison 2 1
Current Price
502.2
Value & Momentum 4 4

Total 16 7
423 499 600
Low Est. Avg. Est. High Est.

The consensus recommendation is based on 22 analyst recommendations. The Consensus Estimate The Trendlyne Checklist checks if the company meets the key criteria for financial health and
is the aggregate analyst estimates for listed companies. consistent growth.

KEY STATISTICS

Ratios Financials
TTM PE Ratio ROE Annual % ROCE Annual % Operating Revenue TTM Revenue Growth Annual YoY Net Profit Annual
%
50.1 21.7 26.5 11198.9 1167.7
6.1
Below industry Median High in industry Market Runner Up High in industry
Below industry Median

EBIT Annual Margin % TTM PEG Ratio Long Term Debt To Equity
Annual Net Profit TTM Growth % Dividend yield 1yr % EPS TTM Growth %
14.2 1.4
0.1 35.9 0.5 35.9
PEG TTM is much higher
than 1 Above industry Median Below industry Median
Below industry Median

PRICE VOLUME CHARTS

1 Year Return : -11.8% 5 Year Return : 89.7%

600 600

500 400

400 200

AUG OCT DEC FEB APR JUN JUL JAN JUL JAN JUL JAN JUL JAN JUL JAN

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 BERGER PAINTS (INDIA) LTD. Trendlyne Stock Report
Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

Durability Summary

Durability Score Berger Paints (India) Ltd. has a durability score of 85, which indicates High Financial Strength.

85 / 100
A High Durability Score (greater than 55) indicates good and consistent financial performance : stable revenues, cash flows, and low debt.

The Durability score looks at many different metrics, including long-term performance data, to identify stocks that have stood the test of time.

High Financial Strength

Bad Medium Good

85
0 35 55 100

Durability Trend Berger Paints (India) Ltd. : Jun '23 - Jun '24 Durability v/s Peers

100
Berger Paints (India) 85.0

75 Asian Paints 65.0

GOOD
Kansai Nerolac Paints 75.0
50
Kajaria Ceramics 80.0
MEDIUM
Akzo Nobel India 75.0
25

Cera Sanitaryware 80.0

0
Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 Jun '24
Sheela Foam 50.0

0 10 20 30 40 50 60 70 80 90

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Berger Paints (India) Ltd. (85) has highest Durability score amongst its peers.
100.0% 0% 0% 80.0 (21 Jun '24) 55.0 (08 Aug '23)

Financial Metrics

Total Revenue Annual Net Profit Annual Tax Annual Revenue Growth Annual YoY %

11,262.6 6.1% YoY Mar'24 1,167.74 35.9% YoY Mar'24 387.07 28.2% YoY Mar'24 6.1% -70.2% YoY Mar'24
15k 1500 500 40
11262.6 1167.7 1167.7 387.1 387.1
28.5
10k 8826.4 1000 832.8 859.4 289.3 301.9
273.1 258.9
719.8
6121.9 6434.3 6869.1 657.8 250
227.1 20.3
497.9 20 17.5
5k 500

5.1 6.8 6.1

0 0 0
0
9

4
M

M
'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2

'1

'2

'2

'2

'2

'2
TT

TT

TT
ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

ar

Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24

M

Total Revenue Annual growth is lower than Net Profit Annual growth is higher than Tax Annual growth is higher than historical Revenue Growth Annual YoY % is falling
historical averages. historical averages. averages. faster than historical averages.

CAGR 2Y 13.0% CAGR 2Y 18.4% CAGR 2Y 15.7% CAGR 2Y -53.9%

3Y 17.9% 3Y 17.5% 3Y 14.3% 3Y -3.6%
5Y 13.0% 5Y 18.6% 5Y 7.2% 5Y -19.1%

Operating Profit Margin Annual % Net Profit TTM Growth % Operating Revenues Qtr Net Profit Qtr

16.5% 18.0% YoY Mar'24 35.9% 1023.2% YoY Mar'24 2,520.28 3.1% YoY Mar'24 222.1 19.6% YoY Mar'24
20 40 4k 400
16.5 17.3 16.5 32.1
14.4 15.1 35.9 3029.5 2881.8 291.6 299.6
14 2693.6 2767.3 354.4
2443.6 2520.3
222.1
200.9 185.7
10 20 15.7 2k 200

8 9.4
3.2
0 0 0 0
Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Dec'22 Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 Dec'22 Mar'23 Jun'23 Sep'23 Dec'23 Mar'24

Operating Profit Margin Annual % is growing Net Profit TTM Growth % is growing faster Operating Revenues Qtr is falling faster than Net Profit Qtr is falling faster than historical
faster than historical averages. than historical averages. historical averages. averages.

CAGR 2Y 4.7% CAGR 2Y 51.1% YoY 3.1% YoY 19.6%

3Y -1.5% 3Y 56.2% QoQ -12.5% QoQ -25.9%
5Y 2.8% 5Y 34.9%

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 BERGER PAINTS (INDIA) LTD. Trendlyne Stock Report
Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

Balance Sheet

Total Assets Annual Total ShareHolders Funds Annual Working Capital Annual

8,368.7 5.0% YoY Mar'24 5,379 19.7% YoY Mar'24 1,955.5 64.3% YoY Mar'24
10k 7.5k 3k
7967.2 8368.7
7212.7 5379
1955.5
5921.1 5k 4494.1 2k
4905 3927 1455.7
5k 4362.7 3376.9
2660.1 1205.7 1189.9
2472.7 1050.6
2.5k 1k 879.9

0 0 0
Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24

Total Assets Annual growth is lower than Total ShareHolders Funds Annual growth is Working Capital Annual growth is higher
historical averages. higher than historical averages. than historical averages.

CAGR 2Y 7.72% CAGR 2Y 17.04% CAGR 2Y 27.35%

3Y 12.22% 3Y 16.79% 3Y 10.34%
5Y 13.91% 5Y 16.82% 5Y 13.23%

Cashflow

Cash from Operating Activity Annual Cash from Investing Activity Annual Cash from Financing Annual Activity Net Cash Flow Annual

1,591 63.0% YoY Mar'24 -398.1 33.7% YoY Mar'24 -1,068.9 -194.6% YoY Mar'24 -100.0% YoY Mar'24
2k 0 0 100
1591 -78.1
-179.1 57.3
-281.8
-250 -500 -362.9 50
976 -223.4 -479.4 21.9
1k 795.8 12.9
724.6
561.7 566.5 -500 -409.1 -398.1 -1000 0
-456.7
-521.3 -1068.9 -32.9
-600.3
-26.5
0 -750 -1500 -50
Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24

Cash from Operating Activity Annual growth Cash from Investing Activity Annual growth Cash from Financing Annual Activity is Net Cash Flow Annual growth is stable
is higher than historical averages. is higher than historical averages. falling faster than historical averages. compared to historical averages.

CAGR 2Y 67.59% CAGR 2Y 12.62% CAGR 2Y -269.87% CAGR 2Y -52.61%

3Y 25.98% 3Y 4.48% 3Y -55.96% 3Y -16.17%
5Y 23.15% 5Y 0.54% 5Y -42.94% 5Y -19.61%

Financial Ratios

ROE Annual % ROCE Annual % RoA Annual % Current Ratio Annual

21.7% 13.5% YoY Mar'24 26.5% 4.0% YoY Mar'24 13.9% 29.4% YoY Mar'24 1.8 30.6% YoY Mar'24
30 40 20 2
24.7 1.7 1.7
21.3 21.2 21.7 28.4 29.3 1.5 1.8
20.1 26.6 26.8 26.5 13.4 13.9 1.4 1.4
19.1 25.5 12.2
20 11.4 11.5 10.8
20 10 1
10

0 0 0 0
Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24

ROE Annual % is growing faster than ROCE Annual % is growing faster than RoA Annual % is growing faster than Current Ratio Annual growth is higher than
historical averages. historical averages. historical averages. historical averages.

CAGR 2Y 1.17% CAGR 2Y -0.49% CAGR 2Y 9.95% CAGR 2Y 13.34%

3Y 0.61% 3Y -0.03% 3Y 4.71% 3Y 2.25%
5Y 1.51% 5Y -1.35% 5Y 4.1% 5Y 1.64%

Net Profit Margin Annual % Interest Coverage Ratio Annual EBIT Annual Margin %

10.1% 21.9% YoY Mar'24 24.6 58.6% YoY Mar'24 14.2% 18.0% YoY Mar'24
15 40 20
14.7 15.1 14.2
10.4 10.6 10.1 27.5 13.3 13.3
9.5 24.9 24.6 12.1
10 8.2 8.3 23.3
20
20 15.5 10
5

0 0 0
Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 Mar'24

Net Profit Margin Annual % is growing faster Interest Coverage Ratio Annual growth is EBIT Annual Margin % is growing faster than
than historical averages. higher than historical averages. historical averages.

CAGR 2Y 3.17% CAGR 2Y -5.45% CAGR 2Y 3.28%

3Y -1.79% 3Y 1.8% 3Y -1.92%
5Y 4.14% 5Y -0.21% 5Y 1.42%

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 BERGER PAINTS (INDIA) LTD. Trendlyne Stock Report
Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

Key Metrics - Peer Comparison

COMPARISON BERGER PAINTS (INDIA) ASIAN PAINTS KANSAI NEROLAC PAINTS KAJARIA CERAMICS AKZO NOBEL INDIA CERA SANITARYWARE SHEELA FOAM
LTD. LTD. LTD. LTD. LTD. LTD. LTD.
(1) (2) (3) (4) (5) (6) (7)

Valuation Score 24.8 20.8 53.8 25.0 33.0 21.5 24.7

P/E Ratio TTM 50.1 50.8 18.7 51.0 31.2 49.5 56.4

Forward P/E Ratio 47.7 51.9 30.6 43.2 31.0 44.9 41.9

PEG Ratio TTM 1.4 1.5 0.1 2.3 1.1 3.5 -6.3

Forward PEG Ratio 9.6 -23.8 3.4 2.4 58.1 4.5 1.0

Price to Book Value 10.9 14.3 4.0 8.0 10.0 8.7 3.5

Price to Sales TTM 5.2 7.8 2.8 4.7 3.4 6.3 3.4

Price to Sales Annual 6.0 7.7 2.7 4.0 2.7 4.7 3.4

EV to EBITDA 34.9 33.1 18.8 24.3 15.5 24.3 27.6

Market Cap to Sales 6.0 7.7 2.7 4.0 2.7 4.7 3.4

Price to Free Cash Flow 124.1 603.5 64.4 87.8 -39.9 9.7 1.8

Graham Number 102.1 509.3 151.2 316.5 784.9 2078.2 321.8

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Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

Valuation Summary

Valuation Score Berger Paints (India) Ltd. has a valuation score of 25, which indicates an Expensive Valuation.

25 / 100
A High Valuation Score (greater than 50) indicates the stock is competitively priced at current P/E, P/BV and share price.

The Valuation helps you identify stocks which are still bargains, and whose strengths are not fully priced into the share price.

Expensive Valuation

Bad Medium Good

25
0 30 50 100

Valuation Trend Berger Paints (India) Ltd. : Jun '23 - Jun '24 Valuation v/s Peers

100
Berger Paints (India) 24.8

75 Asian Paints 20.8

Kansai Nerolac Paints 53.8

GOOD
50
Kajaria Ceramics 25.0

MEDIUM
Akzo Nobel India 33.0
25

Cera Sanitaryware 21.5

0
Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 Jun '24
Sheela Foam 24.7

0 10 20 30 40 50 60

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Berger Paints (India) Ltd. (25) has fourth-highest Valuation score amongst its peers, behind
0% 0% 100.0% 24.8 (31 May '24) 9.2 (21 Jul '23) Kajaria Ceramics Ltd. (25)

P/E Buy Sell Zone

Berger Paints (India) Ltd. has spent 16.4% of the time below the current P/E 50.1. This puts it in the
PE Strong Buy Zone

Strong Buy Zone 16.4% into P/E buy sell zone This is based on the tendency of the P/E value to revert to its historical mean.

If the P/E value has spent most of its time below the current value, then it means that most gains
have probably been realised already, and it is time to sell.
Strong upside potential % time spent below current P/E Gains already realized If the P/E value has spent very little time below the current value, then it means that there is strong
potential upside, and it is time to buy.

Valuation Metrics

PE TTM Price to Earnings Price To Sales Annual DividendPayoutCP_A Graham Number

50.1 -20.6% YoY Jun'24 6 -23.1% YoY Jun'24 0.3 -34.1% YoY Jun'24 102.1 11.4% YoY Jun'24
150 15 0.5 150
120.8 0.4 0.4 0.4
10.9 102.1
0.3
100 10 100 91.6
82.5 7.8 0.3 81.4
72.3 7.6
63.2 6 0.25 62.7 62.5
50.1 5.2
50 5 50

0 0 0 0
Mar'20 Mar'21 Mar'22 Mar'23 Jun'24 Mar'20 Mar'21 Mar'22 Mar'23 Jun'24 Mar'20 Mar'21 Mar'22 Mar'23 Jun'24 Mar'20 Mar'21 Mar'22 Mar'23 Jun'24

PE_TTM is falling faster than historical Price To Sales Annual growth is higher than Annual Dividend Payout CP is falling faster Graham Number growth is lower than
averages. historical averages. than historical averages. historical averages.

CAGR 2Y -16.2% CAGR 2Y -12.3% CAGR 2Y -17.6% CAGR 2Y 7.5%

3Y -17.9% 3Y -18.2% 3Y 76.3% 3Y 10.2%
5Y -2.1% 5Y 2.8% 5Y -8.8% 5Y 13.5%

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Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

Momentum Summary

Momentum Score Berger Paints (India) Ltd. has a Momentum score of 46, which indicates that it is Technically Neutral.

46 / 100
A High Momentum Score indicates the stock is seeing buyer demand, and is bullish across its technicals compared to the rest of the stock
universe.

Momentum is a very effective short term score, while Durability and Valuation help assess the stock’s health over the long term.
Technically Neutral

Bad Medium Good

46
0 35 60 100

Momentum Trend Berger Paints (India) Ltd. : Jun '23 - Jun '24 Momentum v/s Peers 21 Jun '24

100
Berger Paints (India) 46.3

75 Asian Paints 43.5

GOOD Kansai Nerolac Paints 46.7

50
Kajaria Ceramics 52.5
MEDIUM
Akzo Nobel India 63.6
25

Cera Sanitaryware 52.4

0
Jul '23 Aug '23 Sep '23 Oct '23 Nov '23 Dec '23 Jan '24 Feb '24 Mar '24 Apr '24 May '24 Jun '24
Sheela Foam 44.7

0 10 20 30 40 50 60 70

Score Distribution (% of time in each zone) Variability (Range)

Good Medium Bad Maximum Minimum Berger Paints (India) Ltd. (46) has fifth-highest Momentum score amongst its peers, behind
28.2% 58.5% 13.3% 69.4 (11 Aug '23) 30.1 (10 May '24) Kansai Nerolac Paints Ltd. (47)

Price Change Analysis Key Momentum Metrics

LTP : 502.2 RSI MFI

1 Day 500.05 515

53.8 79.9
1 Week 497.1 515
RSI is 53.8, RSI below 30 is considered oversold MFI is 79.9, MFI above 70 is considered
and above 70 overbought overbought. This implies that stock may show
1 Month 439 515
pullback.

3 Months 439 586

6 Months 439 620.6

MACD MACD Signal Line

1 Year 439 679.75

1.5 -2.5
3 Year 439 727.46 MACD is above its center and signal Line, this MACD is above its center and signal Line, this
is a bullish indicator. is a bullish indicator.
5 Year 250.08 727.46

200 250 300 350 400 450 500 550 600 650 700 750 800
ATR

12.4

Simple Moving Averages Exponential Moving Averages

BEARISH BULLISH BEARISH BULLISH

4/8 4/8 4/8 4/8

Bullish v/s Bearish SMAs Bullish v/s Bearish SMAs

(if the current price is above a moving average, it is considered bullish) (if the current price is above a moving average, it is considered bullish)

5Day SMA 503.3 50Day SMA 500.8 5Day EMA 502.4 26Day EMA 495.2

10Day SMA 498.5 100Day SMA 532.8 10Day EMA 498 50Day EMA 504.9

20Day SMA 488.2 150Day SMA 549.8 12Day EMA 496.7 100Day EMA 524

30Day SMA 489.2 200Day SMA 557.6 20Day EMA 494.5 200Day EMA 539.2

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 BERGER PAINTS (INDIA) LTD. Trendlyne Stock Report
Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

Momentum Oscillators Pivot Support & Resistances

Berger Paints (India) Ltd. is trading above 5 out of 9 Oscillators in bullish zone. Berger Paints (India) Ltd. at 502.20 is trading below it's Pivot 505.75.

BEARISH NEUTRAL BULLISH 530

R3 - 526.4
3/9 1/9 5/9
R2 - 520.7
520

Bullish v/s Bearish Oscillators

(if an oscillator is in its negative range, it is considered bearish)
R1 - 511.4
510

PIVOT - 505.8
RSI(14) 53.9 MACD(12, 26, 9) 1.5 LTP - 502.2
500
Stochastic Oscillator 87.0 Stochastic RSI 89.3
S1 - 496.5
CCI 20 98.6 William -16.8
S2 - 490.8
490
Awesome Oscillator 13.8 Ultimate Oscillator 50.3

Momentum Oscillator 25.1 S3 - 481.6

480

Neutral Bullish Bearish

Volatility Metrics

Beta
1 month 3 month 1 year 3 year ADX Day Bollinger Bands Mid_20_2

0.74 0.84 0.71 0.29 26.8 488.2

beta value for 3 month indicates price tends to be less volatile than the market

Daily Volume Analysis Active Candlesticks

Daily average delivery volume over the past week is 49.2%

Bullish Candlestick Pattern Bearish Candlestick Patterns
21 Jun, 2024 765.6K 1.6M
No active candlesticks No active candlesticks
Week 988.3K 2.0M

Month 3.1M 4.6M

0 500k 1 000k 1 500k 2 000k 2 500k 3 000k 3 500k 4 000k 4 500k 5…

Combined Delivery Volume NSE+BSE Traded Volume

Daily Avg. Delivery Volume %

21 Jun, 2024 Week Month

48.6% 49.2% 67.1%

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Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

Checklist Summary

Trendlyne Checklist Score

69.6% pass 16 | 7
=
Financial
7|1
+
Value & Momentum
4|4
+
Ownership
3|1
+
Peer Comparison
2|1

Financial Value & Momentum

7 criteria met | 1 not met 4 criteria met | 4 not met

Company has seen consistent profit growth in the last eight The stock is in the Buy Zone according to its historical P/E?
quarters? Yes
No
The stock is in the Buy Zone according to its historical P/E
Stock has seen consistent profit growth in the last eight quarters

The stock is in the Buy Zone according to its historical P/BV?

Company has seen consistent sales growth in the last eight quarters? Yes
Yes The stock is in the Buy Zone according to its historical P/BV
Stock has seen consistent sales growth in the last eight quarters

Company's valuation score signals overall affordability?

Company has high Trendlyne Durability Score? No
Yes Company's valuation score signals overall affordability
Stock has high Trendlyne Durability Score (>=60)

Trendlyne Momentum Score shows bullishness?

Company has high Piotroski Score? Yes
Yes Trendlyne Momentum Score shows bullishness
Stock has high Piotroski Score (>= 7)

Stock is trading above all short term SMAs?

Company has Low Debt? No
Yes Stock is trading above all short term SMAs
Stock has Low Debt

Stock is trading above all long term SMAs?

Shareholder Value: Company has Strong ROE? No
Yes Stock is trading above all long term SMAs
Shareholder Value: Stock has Strong ROE

Stock has bullish candlesticks?

Company has Positive Net Cash Flow? Yes
Yes Stock has bullish candlesticks OR Stock has no bearish candlesticks
Stock has Positive Net Cash Flow

Stock has active positive breakouts?

Company is generating increasing cash from operations? No
Yes Stock has active positive breakouts
Positive CFO for last 2 years

Ownership Peer Comparison

3 criteria met | 1 not met 2 criteria met | 1 not met

FII/FPI or DIIs are buying the stock? Company is giving better long term returns than the industry?
No
Yes
Institutions have been increasing stake in the company over the past Company is giving better long term returns than the industry
four quarters

Company's sales growth is better than the industry median?

Promoters are buying the stock or ownership is stable? Yes
Yes Company's sales growth is better than the industry median
Promoters are buying the stock or ownership is stable

Company's profit growth is better than the industry median?

Promoter pledge is low and not increasing? Yes
Yes Company's profit growth is better than the industry median
Promoter pledge is low and not increasing

Insider have not sold stock in the past 3 months?

No
Insider have not sold stock in the past 3 months

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Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

Forecaster

Consensus Recommendation Share Price Target

Consensus Recommendation Share Price Target (Avg)

SELL ₹499 (-0.6% upside)
650

1 1 2
1 1 1
600 600.0
5 5 5
5 5
5
550

6 6 7 7 7
5
500 499.0

8 8 8 8 8 8 450

423.0
2024-01-31 2024-02-29 2024-03-02 2024-04-27 2024-05-14 2024-06-20 400
FY22 FY23 FY24 FY25 FY26
Strong Buy Buy Hold Sell Strong Sell
Future Avg. Estimate High Estimate Low Estimate

The consensus recommendation from 22 analysts for Berger Paints (India) Ltd. is SELL

Berger Paints (India) Ltd.'s share price target is below the current price, with a downside of 0.6%

Key Metrics - Average Estimates Actual Revenue Avg. Estimate

EPS Interest expense Net income

15 150 2000
10.5 11.7 80.4 81.6 1363.5
10.3 1220.7
4.8% 10.2% 23.4% 1188.9
-2.2% 59.8 59.9 4.3%
100 47.2 1500 -1.8%
-36.6% 0.3%
7.4 7.9 7.5% 859.4 912.0
10 -3.6% -6.3% -3.1% -5.8%
50 1000

5 0 500
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

-3.6% -6.3% -2.2% 4.8% 10.2% 7.5% 23.4% 0% -36.6% 0.3% -3.1% -5.8% -1.8% 4.3% 0%
Surprises Estimate Surprises Estimate Surprises Estimate

EPS is expected to grow by 5.0% in FY25 Interest expense is expected to reduce by 26.8% in FY25 Net income is expected to grow by 4.5% in FY25
Berger Paints (India) Ltd.'s EPS was lower than average estimate Berger Paints (India) Ltd.'s Interest expense was higher than Berger Paints (India) Ltd.'s Net income was lower than average
3 times in past 3 years average estimate 2 times in past 3 years estimate 3 times in past 3 years

Depreciation & amortization Cash flow per share Dividend per share

500 15 8
355.8 379.1 6.7 11.9 12.5 12.4 4.2 4.8
6.2% 25.3% 4.9% -0.4% 3.9 13.0%
318.7 10.4% 6 6.9%
400 10 9.2 3.0 3.3
252.0 -47.1% -13.1% -18.8%
4.8% 4
225.5
300 0.5% 5
2

200 0 0
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

0.5% 4.8% 0% 10.4% 6.2% -47.1% 25.3% 0% 4.9% -0.4% -13.1% -18.8% 0% 6.9% 13.0%

Surprises Estimate Surprises Estimate Surprises Estimate

Depreciation & amortization is expected to grow by 11.6% in Cash flow per share is expected to grow by 5.1% in FY25 Dividend per share is expected to grow by 7.4% in FY25
FY25 Berger Paints (India) Ltd.'s Cash flow per share was lower than Berger Paints (India) Ltd.'s Dividend per share was lower than
Berger Paints (India) Ltd.'s Depreciation & amortization was average estimate 2 times in past 3 years average estimate 3 times in past 3 years
higher than average estimate 2 times in past 3 years

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 BERGER PAINTS (INDIA) LTD. Trendlyne Stock Report
Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

Forecaster Actual Revenue Avg. Estimate

Free cash flow EBIT Revenue

3k 2000 15k
1085.2 1617.2 1592.8 1763.6 12021.9 13327.1
1056.4 947.4 11366.2
12.7% -5.4% 3.9% 9.7% 6.8% 9.8%
2k -11.5% 10607.9 -1.5%
722.9 12.5k -0.4%
516.2 -68.5% 1246.4
1k 1500 8955.7
-140.2% 1170.7 -1.9%
-2.2%
-5.3% 10k
0

-1k 1000 7.5k

FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

-140.2% -68.5% 0% -11.5% 12.7% -5.3% -1.9% -5.4% 3.9% 9.7% -2.2% -0.4% -1.5% 6.8% 9.8%
Surprises Estimate Surprises Estimate Surprises Estimate

Free cash flow is expected to reduce by 10.3% in FY25 EBIT is expected to grow by 4.1% in FY25 Revenue is expected to grow by 7.3% in FY25
Berger Paints (India) Ltd.'s Free cash flow was lower than Berger Paints (India) Ltd.'s EBIT was lower than average Berger Paints (India) Ltd.'s Revenue was lower than average
average estimate 3 times in past 3 years estimate 3 times in past 3 years estimate 3 times in past 3 years

Capital expenditure Cash EPS

1000 20
463.2 427.1 13.0 13.4 14.9
67.1% 75.2% 3.0% 10.0%
372.5 404.2
328.9 7.8% 15 9.9
11.7% 9.3
-2.3% -2.8%
500
10

0 5
FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26

67.1% 75.2% 0% 11.7% 7.8% -2.3% -2.8% 0% 3.0% 10.0%

Surprises Estimate Surprises Estimate

Capital expenditure is expected to grow by 13.3% in FY25 Cash EPS is expected to grow by 3.1% in FY25
Berger Paints (India) Ltd.'s Capital expenditure was higher than Berger Paints (India) Ltd.'s Cash EPS was lower than average
average estimate 2 times in past 3 years estimate 3 times in past 3 years

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 BERGER PAINTS (INDIA) LTD. Trendlyne Stock Report
Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

Shareholding Summary Shareholding Trend

100%

Promoter 75.0%
75.0% 75.0% 75.0% 75.0% 75.0%
75%

DII 5.2%

50%
FII 10.7%

25%
Public 9.2% 10.6% 10.8% 10.9% 10.7% 10.7%
3.5% 3.8% 4.1% 4.7% 5.2%
0%
Others 0.0% Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024

Promoter FII DII

0% 10% 20% 30% 40% 50% 60% 70% 80%

Retail investors (Promoter) form the biggest shareholding segment Promoter , FII , DII , over the Mar 2024 quarter

Mutual Fund Holding and Action

100 Promoters holding remains unchanged at 74.99% in Mar 2024 qtr

79.0 Mutual Funds have decreased holdings from 1.07% to 0.87% in Mar 2024 qtr
75 71.0
65.0 66.0
Number of MF schemes decreased from 23 to 20 in Mar 2024 qtr
55.0 56.0 54.0
50 42.0
45.0 45.0 45.0
FII/FPI have decreased holdings from 10.68% to 10.66% in Mar 2024 qtr
41.0

21.0 Number of FII/FPI investors remains unchanged at 565 in Mar 2024 qtr
25 18.0

8.0
5.0 6.0 5.0 Institutional Investors have increased holdings from 15.35% to 15.83% in Mar
0 2024 qtr.
Dec-2023 Jan-2024 Feb-2024 Mar-2024 Apr-2024 May-2024

Net Holders Bought some / all Sold some / all

Major Shareholders Berger Paints (India) Ltd. : Mar '24

Promoters FII DII

Name Shares % Change % Name Shares % Change % Name Shares % Change %

U K PAINTS INDIA 50.1% - NALANDA INDIA 3.7% -10.8% LIFE INSURANCE 3.6% -0.0%
PVT LTD FUND LIMITED CORPORATION OF
INDIA - P & GS Fund
JENSON & 14.5% -35.6%
NICHOLSON (ASIA)
LIMITED

Bulk / Block Deals

Date Client Name Deal Type Action Avg Price Qty Exchange

31 May'24 INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD. Bulk Purchase 460.9 9,285,405 NSE

14 Nov'22 ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 598.1 276,339 NSE

14 Nov'22 ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 598.1 276,339 NSE

03 Nov'22 ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 595.6 276,340 NSE

03 Nov'22 ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 595.6 276,340 NSE

25 Oct'22 ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 590 257,661 BSE

25 Oct'22 ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 590 257,661 BSE

17 Oct'22 ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 612.4 404,879 BSE

17 Oct'22 ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 612.4 404,879 BSE

11 Oct'22 ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 622.8 296,933 BSE

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 BERGER PAINTS (INDIA) LTD. Trendlyne Stock Report
Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

Insider Trading / SAST

Reporting Date Insider Name Insider Type Regulation Action Avg Price Qty Mode

14 Jun'24 Aniruddha Sen Designated Person Insider Trading Disposal 499.6 5,500 Market Sale

06 Jun'24 Anish Chawla Designated Person Insider Trading Disposal 475.2 1,500 Market Sale

04 Jun'24 SPAN INDIA PRIVATE LIMITED Other Insider Trading Acquisition 458.3 5,000 Market Purchase

27 May'24 PRADIPTA SANKAR MAITI Designated Person Insider Trading Disposal 487.8 620 Market Sale

22 May'24 Soumitra Kumar Bakshi Designated Person Insider Trading Disposal 492.1 7,000 Market Sale

22 Mar'24 U K Paints (India) Pvt. Ltd Promoter Group Insider Trading Acquisition 551.5 37,000 Market Purchase

20 Mar'24 SISHUPAL SINGH BOHRA Designated Person Insider Trading Disposal 548.6 800 Market Sale

19 Mar'24 Subir Hore Designated Person Insider Trading Disposal 556.2 2,000 Market Sale

13 Mar'24 Debarshi Mukherjee Designated Person Insider Trading Disposal 561.2 335 Market Sale

04 Mar'24 Nirmalaya Kumar Designated Person Insider Trading Disposal 582.3 2,500 Market Sale

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BERGER PAINTS (INDIA) LTD. Trendlyne Stock Report
Furniture-Furnishing-Paints Jun 21, 2024 03:31 PM
Diversified Consumer Services

ABOUT THE COMPANY

Berger Paints (India) Ltd.

Berger Paints India is engaged in the manufacturing and selling of paints. The Company caters primarily to domestic market.(Source : 202303 Annual Report Page No:227)
website: www.bergerpaints.com

BRANDS OWNED BY THE COMPANY

Silk Rangoli WeatherCoat Luxol Seal - O - Prime

Happy Wall WoodKeeper Imperia Ruff 'N' Tuff Solitaire

Florentina Butterfly WalMasta Never Miss Commando

Bison Easy Clean

MANAGEMENT INFORMATION

Abhihit Roy Mr Tapan Kumar Dhar Mr Kilambi Krishna Sai Mr Sujyoti Mukherjee
Executive Director,Managing Director,Chief Senior Vice President(R & D) Senior Vice President(Sales & Marketing) Vice President(Finance & Accounts)

Executive Officer
13.4M 2023-3-31 13.0M 2023-3-31 10.2M 2023-3-31
Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year
71.8M 2023-3-31
Gross Remuneration Year

DIRECTOR INFORMATION

Abhijit Roy Kanwardip Singh Dhingra Rishma Kaur Kuldip Singh Dhingra
Managing Director & CEO Executive Director Executive Director Chairman (Non-Executive)

73.1M 2023 6.5M 2023 6.5M 2023 1.8M 2023

Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year Gross Remuneration Year

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 BERGER PAINTS (INDIA) LTD.
Furniture-Furnishing-Paints
Diversified Consumer Services
Detailed stock report terminology
Trendlyne’s stock report is a comprehensive company analysis report based on its durability, valuation and momentum scores along with the forecaster data, to give you a detailed analysis. The report also
includes Trendlyne’s checklist summary, technical analysis, peer comparison, mutual fund holdings details, insider trading and more.
Durability Score
Durability scores are calculated from 0-100, with zero the worst and 100 the best.
Durability scores above 55 are considered good(G) and below 35 are considered bad(B).
Scores between 35-55 are considered neutral/Medium/Middle(M).
Stocks with a high durability score (top 20 percentile) are companies that have
consistently and over time, demonstrated good growth and cash flow, stable revenues
and profits, and low debt.
The durability score considers several different metrics and ratios around earnings and
models these over time. Our stocks with high durability scores outperform the index
significantly
Valuation Score
Valuation scores are calculated from 0-100, with zero the worst and 100 the best.
Valuation scores above 50 are considered good(G) and below 30 are considered bad(B).
Scores between 30-50 are considered neutral/Medium/Middle(M)
Stocks with a high valuation score (top 20 percentile) are companies whose business and
financial advantages have not yet been priced into their share price. These companies
typically have strong earnings but are currently flying under the radar, and Trendlyne’s
valuation score helps shine a spotlight on these companies.
Firms with a low valuation score (bottom 20 percentile) are expensive stocks that have
good broker coverage and already have their strengths priced in. They are popular but
pricey. If you are buying them now it would be for a steep price tag: valuation scores help
you identify that.
Momentum Score
Scores are calculated from 0-100, with zero being the worst and 100 the best.
Momentum scores above 59 are considered good(G) and below 30 are considered
bad(B). Scores between 30-59 are considered neutral/Medium/Middle(M)
Momentum score or momentum score identifies the bullish/bearish nature of the stock.
Stocks with a high momentum score (which is calculated daily from over 30 technical
indicators) are seeing their share price rise, and increase in volumes and sentiment.
A low and falling momentum score indicates a falling share price. The pace at which this is
changing is also important for the momentum score.
Analyst recommendation
Analyst recommendation of a stock is an assessment made by financial analysts or
brokerage firms about the investment potential of a particular stock. It is usually based
on a thorough analysis of the company's financial performance, market trends, industry
outlook, and other factors that may impact the stock's value.
The analyst recommendation of a stock typically takes the form of a rating or a
recommendation, such as "buy," "hold," or "sell." The recommendation is usually
accompanied by a price target, which is the analyst's estimate of the stock's fair value.
A low and falling momentum score indicates a falling share price. The pace at which this is
changing is also important for the momentum score.
Disclaimer
© 2024 Giskard Datatech Pvt Ltd
Republication or redistribution of Giskard content, including by framing or similar means, is prohibited without the prior written consent of Giskard. All information in this report is assumed to be
accurate to the best of our ability. Giskard is not liable for any errors or delays in Giskard content, or for any actions taken in reliance on such content. Any forward-looking statements included in the
Giskard content are based on certain assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations.
Copyright © Giskard Datatech Pvt Ltd
Trendlyne Stock Report
Jun 21, 2024 03:31 PM
Trendlyne Checklist Score
Trendlyne Checklist evaluates a stock based on its financial performance, ownership, peer
comparison, value and momentum. This helps give an overall performance of the
company based on the score.
PE buy/sell zone
The PE buy/sell zone is calculated based on how many days a stock has traded at its
current PE level. The current PE is compared to the stock’s historical PE performance, to
find out how often (for how many days in the past) the stock has traded at its current PE
value.
If the stock has usually traded above its current PE level (it’s at a higher PE for the
majority of trading days), then the stock is cheaper than usual and in the PE buy zone.
If the stock has usually traded below its current PE level (it’s at a lower PE for the
majority of trading days), then the stock is more expensive than usual and in the PE sell
zone.
Price Volume Charts
Price volume charts are a type of financial chart that combines two key pieces of
information about a stock: its price and trading volume. They are commonly used in
technical analysis to identify trends and patterns in the market.
In a price volume chart, the price of the security is plotted on the vertical axis, while the
trading volume is shown on the horizontal axis. Each data point on the chart represents a
single trading day, and the size of the data point may be proportional to the trading
volume.
Peer Comparison
Peer comparison in financial analysis is a method of comparing the financial performance
and position of one company to its competitors or peers in the same industry or sector.
The purpose of this comparison is to gain insights into how the company is performing
relative to its competitors and to identify areas where it may be underperforming or
overperforming. In Trendlyne’s stock report, DVM scores are also included in the peer
comparison section.
Technical Analysis
Technical analysis is a method of analyzing stocks and other financial instruments that
relies on charts and statistical indicators to identify trends and patterns in price and
trading volume.
Key momentum metrics included - relative strength index (RSI), Stochastic RSI, Ultimate
Oscillator, moving average convergence divergence (MACD), average true range (ATR),
money flow index (MFI), William, CCI 20 and Awesome Oscillator. Simple and
exponential moving averages are also included.
To analyse the volatility of the stock, Beta over different periods of time, Average
Directional Movement Index and Bollinger bonds are used. Along with this, active
candlesticks, daily volume analysis is also provided in the rapport.
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