Berger Paints is one of the oldest and most successful paint manufacturing companies in India. With over 100 years of experience in the industry, Berger Paints is the market leader in paint production in India and has a presence in more than 10 countries in Asia, Africa, and the Middle East. Berger Paints is renowned for its quality of paints and its wide range of products that cater to the needs of both commercial and residential customers.
The company is known for its quality and innovation, and its products are highly sought after in the market. Berger Paints has a strong presence in both the domestic and international markets, and it is constantly enhancing its portfolio of products to meet the needs of its customers. The company has also strengthened its presence in the online market, and it has recently launched a new website that enables customers to order products online.
Berger Paints is the second-best paints company by market cap, only after Asian Paints. As of 26th November, Berger Paints is trading at Rs. 572 with a market cap of Rs. 66700 Crore.
Berger Paints Stock History
The stock price of Berger Paints has been on an upward trend till July 2021 and then we saw the share price correct by approximately 35% which seems to be a healthy correction. The company’s stock price since then has gone up by an impressive 20% and looks like the next trend has just started. Berger Paints’ current share price stands at Rs 572, and analysts expect it to reach Rs 602 by the end of 2023.
Berger Paints in Recent News
- Berger Paints’ Net Profit Rises 33% to ₹292.13 Crore in Q2 FY2024
- Berger Paints expects its revenues to reach Rs 20,000 crore within a span of 5 years.
- Berger Paints Declares 1:5 Bonus Issue in August 2023, Reports Impressive 40% Surge in Net Profit.
You can buy Berger Paints shares in India by opening a trading account with a broker. You will need to provide your personal details, such as your PAN number, bank details, and other personal documents. Once the trading account is opened, you can buy Berger Paints shares using the broker’s online trading platform. You can also buy Berger Paints shares through a mutual fund or a portfolio management service. Some online platforms to buy shares are Zerodha, Sharekhan, and Upstox.
| BERGER share price target (Year) | Maximum Price | Minimum Price |
| November 2023 | ₹589.77 | ₹542.13 |
| December 2023 | ₹602.14 | ₹563.19 |
Berger Paints is expected to reach Rs 602.14 by the end of 2023.
This growth is attributed to the company’s focus on quality and innovation, as well as its growing presence in the international markets.
Berger Paints share maximum price target for November and December 2023 is ₹602.14 and ₹542.13 respectively.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹607.52 | ₹518.09 |
| February 2024 | ₹619.68 | ₹549.74 |
| March 2024 | ₹643.35 | ₹572.64 |
| April 2024 | ₹655.77 | ₹550.60 |
| May 2024 | ₹675.15 | ₹625.50 |
| June 2024 | ₹695.777 | ₹600.60 |
| July 2024 | ₹729.41 | ₹642.95 |
| August 2024 | ₹732.35 | ₹624.09 |
| September 2024 | ₹757.97 | ₹636.90 |
| October 2024 | ₹727.02 | ₹616.94 |
| November 2024 | ₹713.37 | ₹610.28 |
| December 2024 | ₹707.04 | ₹628.49 |
| When | Maximum Price | Minimum Price |
| January 2025 | ₹707.52 | ₹598.09 |
| February 2025 | ₹719.68 | ₹549.74 |
| March 2025 | ₹743.35 | ₹572.64 |
| April 2025 | ₹765.77 | ₹550.60 |
| May 2025 | ₹793.15 | ₹625.50 |
| June 2025 | ₹825.777 | ₹650.60 |
| July 2025 | ₹829.41 | ₹642.95 |
| August 2025 | ₹852.35 | ₹724.09 |
| September 2025 | ₹857.97 | ₹736.90 |
| October 2024 | ₹887.02 | ₹766.94 |
| November 2025 | ₹893.37 | ₹810.28 |
| December 2025 | ₹907.04 | ₹828.49 |
Berger Paints’ stock is expected to reach Rs 907.04 by the end of 2025.
This growth is driven by the company’s strong presence in the domestic market, as well as its growing presence in the international markets.
The company’s focus on innovation and quality is expected to help it maintain its growth in the coming years.
| When | Maximum Price | Minimum Price |
| January 2026 | ₹913.18 | ₹847.06 |
| February 2026 | ₹925.98 | ₹996.91 |
| March 2026 | ₹940.78 | ₹1,046.75 |
| April 2026 | ₹944.98 | ₹934.60 |
| May 2026 | ₹954.53 | ₹849.64 |
| June 2026 | ₹979.98 | ₹934.60 |
| July 2026 | ₹957.12 | ₹890.09 |
| August 2026 | ₹1,005.34 | ₹927.18 |
| September 2026 | ₹1,035.60 | ₹973.54 |
| October 2026 | ₹1,041.54 | ₹931.95 |
| November 2026 | ₹1,035.45 | ₹904.19 |
| December 2026 | ₹1,064.16 | ₹926.27 |
Analysts expect Berger Paints’ stock price to reach Rs 1,064.16 by the end of 2026.
| When | Maximum Price | Minimum Price |
| January 2027 | ₹1,031.18 | ₹947.06 |
| February 2027 | ₹1,035.98 | ₹926.91 |
| March 2027 | ₹1,160.78 | ₹1,046.75 |
| April 2027 | ₹1,214.98 | ₹934.60 |
| May 2027 | ₹1,204.53 | ₹849.64 |
| June 2027 | ₹1,214.98 | ₹934.60 |
| July 2027 | ₹1,157.12 | ₹890.09 |
| August 2027 | ₹1,205.34 | ₹927.18 |
| September 2027 | ₹1,265.60 | ₹973.54 |
| October 2027 | ₹1,301.54 | ₹1,031.95 |
| November 2027 | ₹1,335.45 | ₹1,104.19 |
| December 2027 | ₹1,364.16 | ₹1,126.27 |
Analysts expect Berger Paints’ stock price to reach Rs 1,364.16 by the end of 2027.
| Year | Maximum Price | Minimum Price |
| 2028 | ₹1,568.11 | ₹1,097.68 |
| 2029 | ₹3,221.14 | ₹2,254.80 |
| 2030 | ₹3,587.18 | ₹2,511.03 |
Berger Paints Financial Condition: Last 5 Years
| Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales (Crore Rs.) |
6,062 | 6,366 | 6,818 | 8,762 | 10,568 |
| Expenses (Crore Rs.) |
5,127 | 5,313 | 5,635 | 7,431 | 9,090 |
| Operating Profit (Crore Rs.) |
935 | 1,053 | 1,182 | 1,331 | 1,478 |
| OPM % (Crore Rs.) |
15% | 17% | 17% | 15% | 14% |
| Other Income (Crore Rs.) |
60 | 69 | 51 | 68 | 48 |
| Interest (Crore Rs.) |
47 | 47 | 44 | 51 | 99 |
| Depreciation (Crore Rs.) |
182 | 191 | 211 | 227 | 264 |
| Profit before tax (Crore Rs.) |
765 | 883 | 979 | 1,122 | 1,162 |
| Tax % | 35% | 26% | 26% | 26% | 26% |
| Net Profit (Crore Rs.) |
494 | 656 | 720 | 833 | 860 |
| EPS in Rs (Crore Rs.) |
5.09 | 6.77 | 7.41 | 8.57 | 8.85 |
| Dividend Payout % |
37% | 32% | 38% | 36% | 36% |
Also read:
- Asian Paints Share Price Target 2023 to 2030
- PayTM Share Price Target 2023 to 2030
- Yes Bank Share Price Prediction 2023 to 2030
FAQs
Will Berger Paints’ stock price grow in 2023?
Yes, Berger Paints’ stock price is expected to grow in 2023. The company’s current share price is around Rs 572, and analysts have estimated that Berger Paints’ price will reach ₹602.14 by the end of 2023. This growth is expected to continue in the coming years, and analysts expect Berger Paints’ stock price to reach Rs 707.04 by the end of 2024.
What is the Market Cap of Berger Paint?
Berger Paint’s current market capitalization stands at Rs 66,700 Crore as of 26th November 2023.
What future is anticipated for Berger Paints in 2025?
Analysts expect Berger Paints’ stock price to reach Rs 907.04 by the end of 2025. Berger Paints’ focus on innovation and quality is expected to help it maintain its growth in the coming years.
Can Berger Paints reach 2,000 INR?
Yes, Berger Paints is expected to reach Rs 2,000 by the end of 2029. This growth is attributed to the company’s focus on quality and innovation, as well as its expanding presence in the international markets.
In 2030, Berger Paints is expected to trade in between ₹3,587.18 and ₹2,511.03.
HDFC Securities has recommended buying Berger Paints, set Rs. 700 as the price target.
Kotak Institutional Equities Lowers Berger Paints Rating to ‘Sell’, Maintains Target Price at ₹500 Unchanged.
Thakkar has identified a potential buying opportunity in Berger Paints and recommends setting a stop loss below Rs 575 and a target of Rs 600. Over the last month, the stock has increased by approximately 5%.
Buy Berger Paints India by Religare Retail Research
Religare Retail Research recommends buying Berger Paints with a target of Rs 766.
Berger Paints Future Plans
- Berger Paints aims to double its revenue to ₹20,000 crore in six years, expanding its production capacity from 95,000 to 1.6 lakh tonnes per month through the establishment of three new greenfield plants in West Bengal, Odisha, and either Gujarat or Maharashtra.
- The company intends to invest ₹2,700 crore in both greenfield and brownfield projects over the next 5-6 years, targeting an annual growth rate of 14%.
- Berger Paints, which achieved a ₹10,000 crore turnover last fiscal, has set a revenue goal of ₹11,700 crore for FY24, and plans to fund expansions primarily through internal accruals.
- The company will relocate its Howrah plant to Panagarh and plans to integrate its recently acquired subsidiaries, STP and Sahoo Coatings, enhancing its market presence.
- Despite growing competition and market dynamics, Berger Paints is confident in maintaining an 18% margin and expanding its dealer network, particularly in the industrial and protective coatings segment.
Berger Paints is one of the leading paint manufacturers in India, and its strong presence in the domestic and international markets will be the driving force behind its growth in the coming years. In India, it is the second largest Paints company, after Asian Paints.
This Kolkata-based company is a century-old company and is here to stay. If you have purchased its stock price, near its ATH, and is down, should you be worried? Is the company all of a sudden a loss-making company? Let us check its numbers for the last few quarters.
We can see the company has been posting amazing numbers for almost all its quarters. In June 2021, we can see a dip from where we saw the share price take a nosedive. But the result has not been bad, if we compare on a YOY basis. We can see the YOY results are positive, for the company. Of course, some of its share may have been captured by new paint companies like Indigo Paints, but the Indian market is huge.
With the expected boom in the real-estate sector, we are expecting the businesses of all paint companies including Berger Paints to be positive. So ask yourself, if the companies’ finances are improving YOY, should you be really worried about Betger paints? Or, a little patient?
Analysts have estimated that Berger Paints’ stock price is expected to reach Rs 707 by the end of 2024, Rs 907 by the end of 2025, Rs 1,064.16 by the end of 2026, Rs 1,364.16 by the end of 2027, Rs 1,568 by the end of 2028, Rs 3,221 by the end of 2029 and Rs 3,587 by the end of 2030.
But before investing, you must look into other financials of the company such as the Price-to-Book ratio, which is currently 14.83, the Price-to-Earnings ratio, being 64.60 as of November 25th, 2023, Earning per share (TTM) standing at 9.89, and 52-week high as well as 52-week low at Rs.679 and Rs.439.29 respectively.
One may argue PE of 64.60 is a lot higher, and hence Berger Paint is slightly overvalued. But if you notice the PE ratio of other paint companies, you will find for most of them, the PE ratio is above 50. Of course, it is slightly overvalued, but one good quarter and Berger Paints will look undervalued. It is better to start taking a position in Berger Paints share, whenever you see a correction in Berger Paints.
In my opinion, Berger Paints in 2023 could be a good investment for anyone who wants to hold Berger Paints for the long term.
Disclaimer: I personally have taken a position in Berger Paints around 513INR mark, and plan to hold long term. I might add more positions in the future.
Last updated: 26th November 2023
What did we learn?
- 1 Berger Paints Stock History
- 2 Berger Paints in Recent News
- 3 How to Buy Berger Paints’ Shares in India?
- 4 Berger Paints’ Share Price Prediction 2024 to 2030
- 5 Berger Paints Financial Condition: Last 5 Years
- 6 FAQs
- 7 Berger Paints Share Target by Experts
- 8 Berger Paints Future Plans
- 9 Conclusion: Should you buy BERGERPAINT Shares in 2023?
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