Financials Berger Paints India Limited

Equities

BERGEPAINT

INE463A01038

Commodity Chemicals

Market Closed - Bombay S.E. 12:17:51 2024-06-13 am EDT 5-day change 1st Jan Change
501 INR +0.48% Intraday chart for Berger Paints India Limited +4.93% -17.12%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 314,307 483,042 742,704 679,735 564,787 581,166 - -
Enterprise Value (EV) 1 316,762 484,408 740,048 682,412 569,487 667,836 572,873 567,599
P/E ratio 63.1 x 73.7 x 103 x 81.7 x 65.6 x 57.2 x 47.4 x 42.3 x
Yield 0.59% 0.44% 0.37% 0.44% 0.55% 0.79% 0.85% 0.97%
Capitalization / Revenue 5.19 x 7.59 x 10.9 x 7.76 x 5.34 x 5.96 x 4.83 x 4.36 x
EV / Revenue 5.23 x 7.61 x 10.9 x 7.79 x 5.39 x 5.96 x 4.77 x 4.26 x
EV / EBITDA 36 x 45.7 x 62.3 x 51.3 x 38.3 x 35.9 x 29.4 x 26.3 x
EV / FCF 130 x 167 x 121 x -329 x 250 x 54.8 x 60.5 x 52.3 x
FCF Yield 0.77% 0.6% 0.82% -0.3% 0.4% 1.82% 1.65% 1.91%
Price to Book 12.7 x 18.2 x 22 x 17.3 x 12.6 x 11.1 x 9.55 x 8.46 x
Nbr of stocks (in thousands) 1,165,360 1,165,360 1,165,559 1,165,593 1,165,712 1,165,712 - -
Reference price 2 269.7 414.5 637.2 583.2 484.5 498.6 498.6 498.6
Announcement Date 5/30/19 6/23/20 5/26/21 5/26/22 5/15/23 5/15/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 60,618 63,658 68,176 87,618 105,678 111,989 120,219 133,271
EBITDA 1 8,807 10,610 11,880 13,311 14,872 18,613 19,468 21,604
EBIT 1 7,429 8,700 9,768 11,084 12,232 15,304 15,928 17,636
Operating Margin 12.26% 13.67% 14.33% 12.65% 11.57% 13.67% 13.25% 13.23%
Earnings before Tax (EBT) 1 7,706 8,832 9,842 11,223 11,755 15,159 16,119 17,991
Net income 1 4,979 6,578 7,198 8,330 8,594 11,677 12,207 13,634
Net margin 8.21% 10.33% 10.56% 9.51% 8.13% 10.43% 10.15% 10.23%
EPS 2 4.275 5.625 6.175 7.142 7.383 10.02 10.53 11.78
Free Cash Flow 1 2,435 2,897 6,097 -2,075 2,279 10,564 9,474 10,852
FCF margin 4.02% 4.55% 8.94% -2.37% 2.16% 9.29% 7.88% 8.14%
FCF Conversion (EBITDA) 27.65% 27.3% 51.32% - 15.33% 54.7% 48.66% 50.23%
FCF Conversion (Net income) 48.91% 44.04% 84.71% - 26.52% 88.86% 77.61% 79.59%
Dividend per Share 2 1.583 1.833 2.333 2.583 2.667 3.934 4.224 4.854
Announcement Date 5/30/19 6/23/20 5/26/21 5/26/22 5/15/23 5/15/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4
Net sales 1 21,182 20,261 17,985 22,250 25,508 21,875 27,597 26,709 26,936 24,436 30,295 28,444 57,968 29,078 25,653
EBITDA 1 4,150 3,356 2,385 3,540 3,921 3,464 4,083 3,640 3,496 3,688 5,568 4,960 - 5,190 3,907
EBIT 1 3,621 2,814 1,837 2,981 3,361 2,919 3,455 3,015 2,853 2,944 4,785 4,104 - 4,272 3,031
Operating Margin 17.1% 13.89% 10.21% 13.4% 13.17% 13.35% 12.52% 11.29% 10.59% 12.05% 15.8% 14.43% - 14.69% 11.82%
Earnings before Tax (EBT) 1 3,688 2,844 1,912 2,984 3,377 2,964 3,423 2,899 2,666 2,801 4,762 4,047 - 4,427 3,002
Net income 1 2,748 2,086 1,406 2,188 2,527 2,203 2,534 2,194 2,009 1,857 3,544 3,017 - 3,238 2,241
Net margin 12.97% 10.3% 7.82% 9.84% 9.91% 10.07% 9.18% 8.21% 7.46% 7.6% 11.7% 10.61% - 11.14% 8.74%
EPS 2 2.358 1.792 1.208 1.875 2.167 1.892 2.175 1.883 1.725 1.592 3.042 2.900 - 2.833 1.900
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 2/9/21 5/26/21 8/6/21 11/10/21 2/9/22 5/26/22 8/4/22 11/10/22 2/2/23 5/15/23 8/9/23 - 11/2/23 - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,455 1,366 - 2,677 4,700 - - -
Net Cash position 1 - - 2,656 - - 2,170 8,293 13,567
Leverage (Debt/EBITDA) 0.2787 x 0.1288 x - 0.2011 x 0.316 x - - -
Free Cash Flow 1 2,435 2,897 6,097 -2,075 2,279 10,564 9,474 10,852
ROE (net income / shareholders' equity) 21.3% 25.8% 23.8% 22.8% 20.4% 24.6% 21.1% 20.6%
ROA (Net income/ Total Assets) 12% - - 12.7% 11.3% 13% 13% 12%
Assets 1 41,530 - - 65,668 75,899 91,456 93,900 113,620
Book Value Per Share 2 21.20 22.80 29.00 33.70 38.60 45.00 52.20 58.90
Cash Flow per Share 2 4.820 6.200 6.830 4.860 8.380 11.90 12.50 12.40
Capex 1 3,182 4,350 1,861 7,740 7,480 3,289 3,725 4,042
Capex / Sales 5.25% 6.83% 2.73% 8.83% 7.08% 2.89% 3.1% 3.03%
Announcement Date 5/30/19 6/23/20 5/26/21 5/26/22 5/15/23 5/15/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
22
Last Close Price
498.6 INR
Average target price
499 INR
Spread / Average Target
+0.09%
Consensus
  1. Stock Market
  2. Equities
  3. BERGEPAINT Stock
  4. Financials Berger Paints India Limited