Berger Paints (I) share price
NSE: BERGEPAINTBSE: 509480Consumer DurablesMid Cap
Share price at the NSE close on 28 Oct 2026. Previous close ₹463.40.
28 Oct: open ₹462.65, high ₹463.65, low ₹458.00
- Next results date: the board meets on 5 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹53,840 Cr188th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 44.26
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 7.78
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.87%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 18.6%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 20.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.09
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,83,79247.7% delivered
About Berger Paints (I)
Berger Paints India Limited makes and sells paints and coatings, with decorative and industrial products for homes, commercial spaces, infrastructure and industry.12 It sells mainly in India and also operates in markets abroad such as the UK, Poland and Nepal.23 Its customers are households, industries, government bodies and original equipment manufacturers, companies that build products such as vehicles.4
It reports a single business segment, paints and coatings.5 Its decorative business also sells waterproofing, construction chemicals and wood coatings, and has run Express Painting, a home painting service, since 2014.67 Its industrial business makes protective coatings for steel structures, pipelines and infrastructure, automotive and refinish coatings, general industrial coatings and powder coatings.89
Subsidiaries include STP Limited in construction chemicals, SBL Specialty Coatings in industrial coatings and Berger Jenson & Nicholson (Nepal), which makes paints and construction chemicals in Nepal.1011 Bolix S.A., a subsidiary in Poland, makes exterior insulation finishing systems, which insulate and finish the outer walls of buildings.1012 Its joint venture with Nippon Paint Automotive Coatings of Japan supplies coatings for passenger cars, SUVs and three-wheelers.1113 It also runs British Paints, a division headquartered in New Delhi.14
It was incorporated in 1923 and is based in Kolkata.15 U K Paints (India) Private Limited is its ultimate holding company, and Rishma Kaur, a promoter, chairs the board.1617
Berger Paints (I) key points
Results
- In the quarter to Jun 2026, consolidated revenue grew about 12% from a year earlier, operating profit about 15%, profit before tax 18.1% and profit after tax 28.6%.18
- In the year to Mar 2026, consolidated revenue from operations (the company and its subsidiaries together) was ₹11,880.3 crore, up 2.9% from ₹11,544.7 crore.19
- Consolidated EBITDA (earnings before interest, tax, depreciation and amortisation), excluding other income, fell 1.2% to ₹1,833.3 crore, and net profit fell 4.6% to ₹1,128.0 crore.20
- In the quarter to Jun 2026, decorative paints posted their highest growth in 12 quarters: about 13.5% in value, with operating profit up nearly 20%.21
Market position
- In the year to Mar 2026, its market share was nearing 20% among paint companies listed on Indian stock exchanges, the company said.22
Revenue mix
- In the year to Mar 2026, industrial paints made up 18% of consolidated sales, with revenue up 2.4%, while decorative paints grew 3% in value and 7.7% in volume on a consolidated basis.23
- Protective coatings, part of industrial paints, grew 2.3% in value and 8.2% in volume in the same year.24
- In the quarter to Jun 2026, wood coatings grew volume by double digits. On a standalone basis, protective, general industrial and powder coatings grew at a relatively lower rate because price increases came late.2125
Where revenue comes from
- Consolidated revenue from operations, by where customers are26
Item year to Mar 2026 year to Mar 2025 Within India ₹10,788.74 crore ₹10,610.15 crore Outside India ₹1,000.94 crore ₹847.33 crore
Dealers and painters
- It serves more than 64,000 active dealers, and added more than 11,100 dealers across India in the year to Mar 2026.2728
- In the quarter to Jun 2026 it installed more than 2,100 tinting machines, which mix paint to a chosen shade at the shop.29
- It runs 30 fixed training centres and 25 mobile training units for painters and contractors; its iTrain programme reached about 1.6 lakh painters in the year to Mar 2026.3031
- Its Express Painting service served more than 33,000 customers across India in the year to Mar 2026.32
Plants and capacity
- It has 15 paint plants in India, not counting subsidiaries, at Jammu, Sikandrabad, Sandila, Howrah, Rishra, Nalbari, Naltali, Puducherry, Hindupur, Goa, Jejuri and Taloja.3328
- Paint capacity is 1.4 million KL-MT (kilolitres for liquids, tonnes for products measured by weight); production in the year to Mar 2026 was 8,23,382 KL-MT, up 8.4% and its highest ever.333435
- In its exchange filing of 8 Sep 2026, the company said its solvent-based paint plant at Hindupur, Andhra Pradesh, able to make 36,000 KL/MT a year and costing more than ₹188 crore, would start commercial production on 9 Sep 2026; no later document confirms it.36
- On 4 Feb 2026 it began commercial production at a resin plant at Hindupur that can make 12,000 tonnes a year and cost more than ₹78 crore; resin is the binder that holds paint together.37
Expansion and capital spending
- Capital expenditure in the year to Mar 2026 was ₹518 crore. The company reported net cash (cash and investments above its borrowings) of ₹1,198.10 crore and said it plans to meet most capital spending over the next 5 years from internal accruals.3839
- The company stated in its annual report for the year to Mar 2026 that it is investing ₹1,800 crore to ₹2,000 crore in new plants at Panagarh, West Bengal and Khordha, Odisha, funded entirely from internal accruals (its own cash).40
- As of its annual report of 21 Jul 2026, the Panagarh plant was going through statutory approvals and preparatory work had begun on the Odisha plant.41
- The company stated in its annual report for the year to Mar 2026 that British Paints aims to commission a new plant for water-based products in 2027, as its Sikandrabad, Uttar Pradesh unit is short of space.42
What the company expects
- In its presentation of 5 Aug 2026, the company said it expects double-digit revenue growth to continue in the year to Mar 2027, helped by price increases, festive demand and wider distribution.43
- On its earnings call of 5 Aug 2026, the company said it expects operating margins to stay within its range of 15% to 17%.44
- On its earnings call of 5 Aug 2026, the company said its aim is to install about 10,000 tinting machines in the year to Mar 2027.45
Last updated
All 45 sources, each with its page
- 1. Annual report, 21 Jul 2026, page 6
- 2. Annual report, 21 Jul 2026, page 154
- 3. Annual report, 21 Jul 2026, page 23
- 4. Annual report, 21 Jul 2026, page 98
- 5. Annual report, 21 Jul 2026, page 249
- 6. Annual report, 21 Jul 2026, page 12
- 7. Annual report, 21 Jul 2026, page 16
- 8. Annual report, 21 Jul 2026, page 18
- 9. Annual report, 21 Jul 2026, page 73
- 10. Annual report, 21 Jul 2026, page 51
- 11. Annual report, 21 Jul 2026, page 52
- 12. Annual report, 21 Jul 2026, page 78
- 13. Annual report, 21 Jul 2026, page 20
- 14. Annual report, 21 Jul 2026, page 53
- 15. Annual report, 21 Jul 2026, page 58
- 16. Annual report, 21 Jul 2026, page 172
- 17. Annual report, 21 Jul 2026, page 81
- 18. Investor presentation, 5 Aug 2026, page 12
- 19. Annual report, 21 Jul 2026, page 70
- 20. Annual report, 21 Jul 2026, page 70
- 21. Investor presentation, 5 Aug 2026, page 8
- 22. Annual report, 21 Jul 2026, page 25
- 23. Annual report, 21 Jul 2026, page 25
- 24. Annual report, 21 Jul 2026, page 25
- 25. Investor presentation, 5 Aug 2026, page 4
- 26. Annual report, 21 Jul 2026, page 249
- 27. Annual report, 21 Jul 2026, page 51
- 28. Annual report, 21 Jul 2026, page 7
- 29. Investor presentation, 5 Aug 2026, page 8
- 30. Annual report, 21 Jul 2026, page 25
- 31. Annual report, 21 Jul 2026, page 53
- 32. Annual report, 21 Jul 2026, page 72
- 33. Annual report, 21 Jul 2026, page 28
- 34. Annual report, 21 Jul 2026, page 39
- 35. Annual report, 21 Jul 2026, page 74
- 36. Exchange filing, 8 Sep 2026, page 1
- 37. Exchange filing, 4 Feb 2026, page 1
- 38. Annual report, 21 Jul 2026, page 8
- 39. Annual report, 21 Jul 2026, page 35
- 40. Annual report, 21 Jul 2026, page 25
- 41. Annual report, 21 Jul 2026, page 75
- 42. Annual report, 21 Jul 2026, page 53
- 43. Investor presentation, 5 Aug 2026, page 17
- 44. Earnings call, 5 Aug 2026, page 14
- 45. Earnings call, 5 Aug 2026, page 18
Results
Consolidated; ₹ crore.Berger Paints (I) quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +5.2%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +6.6%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,584 Crup 24.96%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹405 Crup 20.81%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 11.3%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,775 | 2,975 | 2,704 | 3,201 | 2,827 | 2,984 | 2,868 | 3,584 |
| Net profit | 270 | 296 | 263 | 315 | 206 | 271 | 335 | 405 |
| Net margin | 9.7% | 9.9% | 9.7% | 9.8% | 7.3% | 9.1% | 11.7% | 11.3% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹11,880 Crup 2.91%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹1,128 Crdown 4.63%
- Net margin
- 9.5%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2018, GST replaced excise duty on 1 Jul 2017, and revenue before that day includes the duty.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,050what Revenue, Mar 2017, includes. This period's revenue includes excise duty of ₹498 crore, a tax on the goods the company makes that it collects and pays to the government. | 5,282what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹116 crore, a tax on the goods the company makes that it collects and pays to the government. | 6,062 | 6,366 | 6,818 | 8,762 | 10,568 | 11,199 | 11,545 | 11,880 |
| Net profit | 474 | 461 | 497 | 656 | 720 | 833 | 860 | 1,170 | 1,183 | 1,128 |
| Net margin | 9.4% | 8.7% | 8.2% | 10.3% | 10.6% | 9.5% | 8.1% | 10.4% | 10.2% | 9.5% |
Business segments
In the year to Mar 2026 the company reports one business segment, PAINT, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2018: days before it are of the company before the change.Berger Paints (I) PE ratio and valuation
At or below today's level on 1% of 2,264 trading days over the last 10 years.
At or below today's level on 1% of 1,979 trading days since Nov 2018.
At or below today's level on 98% of 2,477 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −17.1% | −4.5% | −14.1% | 1.0% |
| 3 years | −4.6% | +9.4% | −13.6% | 0.8% |
| 5 years | −7.8% | +9.4% | −16.3% | 0.7% |
Mutual fund holdings
116 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 64 of the 76 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 116 funds holding Berger Paints (I)
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 36
- CutCut. Funds that held fewer shares than at the end of the month before.
- 40
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 37
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 4
| Fund | |||
|---|---|---|---|
| 2,00,00,000 | 2.25% | ₹910.9 Cr | |
| 1,13,90,674 | 2.23% | ₹518.8 Cr | |
| 1,10,00,000 | 2.14% | ₹501.0 Cr | |
| 70,33,135 | 0.60% | ₹320.3 Cr | |
| 41,67,000 | 0.84% | ₹189.8 Cr | |
| 31,92,103 | 0.48% | ₹145.4 Cr | |
| 25,00,000 | 0.96% | ₹113.9 Cr | |
| 23,07,354 | 1.39% | ₹105.1 Cr | |
| 21,55,658 | 0.51% | ₹98.2 Cr | |
| 21,11,423 | 0.59% | ₹96.2 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Berger Paints (I) insider trading
- Promoters and promoter group5 purchases, 0 sales₹4.84 CrNo saleNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.₹4.84 Cr2 off-market moves
- Employees0 purchases, 6 salesNo purchase₹0.10 CrNet−₹0.10 Cr
- Others0 purchases, 10 salesNo purchase₹0.78 CrNet−₹0.78 Cr
Berger Paints (I) competitors and peers
Paints, 10 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Berger Paints (I) in market cap.Consumer durables companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2,19,138 | 45.99 | 10.25 | +9.8% | +32.5% | 23.4% | 24.7% | 1.20% | |
| 14,619 | 24.36 | 2.18 | +5.2% | −47.0% | 9.1% | 11.3% | 1.38% | |
| 12,592 | 6.42 | 5.14 | −11.3% | +383.5% | 103.8% | 16.8% | 1.81% | |
| 4,835 | 29.78 | 4.19 | +9.5% | +14.7% | 14.9% | 18.3% | 0.49% | |
| 2,348 | 35.04 | 4.94 | +24.1% | +26.3% | 16.3% | 17.6% | 0.48% | |
| 681 | – | 3.41 | −12.0% | – | – | – | 0.00% | |
| 124 | – | 0.69 | −7.9% | – | – | −1.0% | 0.00% | |
| 123 | 11.87 | 2.63 | +15.1% | +21.7% | 24.3% | – | 2.00% |
Dividends
Per share, by the year it was paid for, and the latest payments.Berger Paints (I) dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 5 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹4.00 |
| 5 Aug 2025 | Final | ₹3.80 |
| 5 Aug 2024 | Final | ₹3.50 |
| 4 Aug 2023 | Final | ₹3.20 |
| 18 Aug 2022 | Final | ₹3.10 |
| 18 Aug 2021 | Final | ₹2.80 |
Latest announcements
Routine notices left out.Berger Paints (I) announcements
Oct 2026
7 Oct · Meeting
5 Oct · Updates
Sep 2026
15 Sep · Analysts
Berger Paints (I) share price by year
Each calendar year to 2025.Berger Paints (I) share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 536.55 | +19.6% | 600.15 | 447.60 |
| 2024 | 448.55 | −25.8% | 625.15 | 441.00 |
| 2023 | 604.65 | +24.8% | 669.30 | 449.58 |
| 2022 | 484.46 | −24.7% | 658.96 | 467.29 |
| 2021 | 643.13 | +1.6% | 720.79 | 566.54 |
| 2020 | 632.88 | +47.3% | 632.88 | 336.71 |
| 2019 | 429.63 | +56.1% | 439.13 | 240.67 |
| 2018 | 275.25 | +20.7% | 286.25 | 200.50 |
| 2017 | 228.13 | +30.0% | 233.46 | 174.58 |
| 2016 | 175.46 | +9.6% | 223.79 | 133.51 |
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 467.10 | 467.55 | 460.50 | 463.40 | 464.17 | 3,19,776 | 69.2% |
| 26 Oct 2026 | 461.50 | 467.00 | 459.05 | 465.80 | 463.87 | 1,10,274 | 43.2% |
| 23 Oct 2026 | 466.50 | 468.35 | 459.30 | 466.35 | 462.94 | 1,39,523 | 46.3% |
| 22 Oct 2026 | 471.20 | 473.25 | 465.05 | 469.95 | 469.63 | 1,33,325 | 46.0% |
| 21 Oct 2026 | 469.20 | 476.30 | 464.55 | 475.20 | 471.22 | 2,94,537 | 41.7% |
| 19 Oct 2026 | 473.95 | 473.95 | 466.05 | 470.00 | 469.52 | 1,14,310 | 60.1% |
| 16 Oct 2026 | 470.05 | 476.00 | 466.35 | 473.95 | 472.06 | 1,36,828 | 40.3% |
| 15 Oct 2026 | 475.55 | 478.95 | 466.20 | 470.05 | 471.08 | 2,35,549 | 58.1% |
| 14 Oct 2026 | 476.05 | 482.35 | 472.65 | 475.55 | 477.54 | 1,49,200 | 40.7% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 22 Sep 2023 | Bonus | 0.8333 | Holders received 1 bonus share for every 5 held. |
| 15 Jul 2016 | Bonus | 0.7143 | Holders received 2 bonus shares for every 5 held. |
| 8 Jan 2015 | Split | 0.5000 | Each share became 2. |
Company details
- NSE symbol
- BERGEPAINT
- BSE code
- 509480
- ISIN
- INE463A01038
- Industry
- Consumer Durables
- Website
- www.bergerpaints.com
- CIN
- L51434WB1923PLC004793
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1923
- Registered office
- Berger House, 129 Park Street, Kolkata 700017, West Bengal
- Share registrar
- C B Management Services Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments