Berger Paints (I) logo

Berger Paints (I) share price

NSE: BERGEPAINTBSE: 509480Consumer DurablesMid Cap

Berger Paints (I) Limited · Face value ₹1 · Listed Sep 1988 on BSE, Nov 1999 on NSE
Last close ₹461.75down ₹1.65 (0.36%)BSE ₹462.40

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

52-week range of traded prices to 28 Oct 2026
₹391.10Low, 16 Mar 2026₹594.55High, 21 Nov 2025
Market cap
₹53,840 Cr188th largest listed
P/E
44.26
P/B
7.78
Dividend yield
0.87%
ROE
18.6%
ROCE
20.0%
Debt to equity
0.09
Volume, NSE
1,83,79247.7% delivered

Berger Paints (I) share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−15.3%over a year · Nifty 500 −8.8%

Results20-session average 2,66,917 shares a day, 51.4% 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
    Itemyear to Mar 2026year 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. 1. Annual report, 21 Jul 2026, page 6
  2. 2. Annual report, 21 Jul 2026, page 154
  3. 3. Annual report, 21 Jul 2026, page 23
  4. 4. Annual report, 21 Jul 2026, page 98
  5. 5. Annual report, 21 Jul 2026, page 249
  6. 6. Annual report, 21 Jul 2026, page 12
  7. 7. Annual report, 21 Jul 2026, page 16
  8. 8. Annual report, 21 Jul 2026, page 18
  9. 9. Annual report, 21 Jul 2026, page 73
  10. 10. Annual report, 21 Jul 2026, page 51
  11. 11. Annual report, 21 Jul 2026, page 52
  12. 12. Annual report, 21 Jul 2026, page 78
  13. 13. Annual report, 21 Jul 2026, page 20
  14. 14. Annual report, 21 Jul 2026, page 53
  15. 15. Annual report, 21 Jul 2026, page 58
  16. 16. Annual report, 21 Jul 2026, page 172
  17. 17. Annual report, 21 Jul 2026, page 81
  18. 18. Investor presentation, 5 Aug 2026, page 12
  19. 19. Annual report, 21 Jul 2026, page 70
  20. 20. Annual report, 21 Jul 2026, page 70
  21. 21. Investor presentation, 5 Aug 2026, page 8
  22. 22. Annual report, 21 Jul 2026, page 25
  23. 23. Annual report, 21 Jul 2026, page 25
  24. 24. Annual report, 21 Jul 2026, page 25
  25. 25. Investor presentation, 5 Aug 2026, page 4
  26. 26. Annual report, 21 Jul 2026, page 249
  27. 27. Annual report, 21 Jul 2026, page 51
  28. 28. Annual report, 21 Jul 2026, page 7
  29. 29. Investor presentation, 5 Aug 2026, page 8
  30. 30. Annual report, 21 Jul 2026, page 25
  31. 31. Annual report, 21 Jul 2026, page 53
  32. 32. Annual report, 21 Jul 2026, page 72
  33. 33. Annual report, 21 Jul 2026, page 28
  34. 34. Annual report, 21 Jul 2026, page 39
  35. 35. Annual report, 21 Jul 2026, page 74
  36. 36. Exchange filing, 8 Sep 2026, page 1
  37. 37. Exchange filing, 4 Feb 2026, page 1
  38. 38. Annual report, 21 Jul 2026, page 8
  39. 39. Annual report, 21 Jul 2026, page 35
  40. 40. Annual report, 21 Jul 2026, page 25
  41. 41. Annual report, 21 Jul 2026, page 75
  42. 42. Annual report, 21 Jul 2026, page 53
  43. 43. Investor presentation, 5 Aug 2026, page 17
  44. 44. Earnings call, 5 Aug 2026, page 14
  45. 45. Earnings call, 5 Aug 2026, page 18

Results

Consolidated; ₹ crore.Berger Paints (I) quarterly results

Revenue growth, 12 months
+5.2%
Net profit growth, 12 months
+6.6%

Quarter to Jun 2026, against the quarter before

Revenue
₹3,584 Crup 24.96%
Net profit
₹405 Crup 20.81%
Net margin
11.3%

Revenue by quarter

₹2,775 CrSep 24₹2,975 CrDec 24₹2,704 CrMar 25₹3,201 CrJun 25₹2,827 CrSep 25₹2,984 CrDec 25₹2,868 CrMar 26₹3,584 CrJun 26
Peak revenue ₹3,584 Cr, quarter to Jun 2026; lowest ₹2,704 Cr, quarter to Mar 2025

Net profit by quarter, a loss in red

₹270 CrSep 24₹296 CrDec 24₹263 CrMar 25₹315 CrJun 25₹206 CrSep 25₹271 CrDec 25₹335 CrMar 26₹405 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue2,7752,9752,7043,2012,8272,9842,8683,584
Net profit270296263315206271335405
Net margin9.7%9.9%9.7%9.8%7.3%9.1%11.7%11.3%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

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

Price to earnings

At or below today's level on 1% of 2,264 trading days over the last 10 years.

LowestHighest
Its median60.16Industry median29.78
Price to book

At or below today's level on 1% of 1,979 trading days since Nov 2018.

LowestHighest
Its median14.13Industry median3.41
Dividend yield

At or below today's level on 98% of 2,477 trading days over the last 10 years.

LowestHighest
Its median0.55%Industry median1.29%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend 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%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Berger Paints (I) shareholding pattern

Shareholding by group

  • Promoters74.99%
  • Foreign institutions4.96%
  • Indian institutions11.69%
  • Individuals and others8.37%
Holder
U K Paints (India) Private LimitedPromoter64.56%
Life Insurance Corporation of IndiaInsurance companies4.12%
Citland Commercial Credits LimitedPromoter3.18%
Wang Investment and Finance Pvt LtdPromoter3.09%
Nalanda India Fund LimitedForeign portfolio investors, category I2.59%
KSD Family TrustPromoter0.86%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters +0.01 pts, foreign institutions +0.13 pts, Indian institutions −0.10 pts, mutual funds −0.05 pts.

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 time
1
Bought again
1
Added
36
Cut
40
Held unchanged
37
Sold out
4
Fund
SBI Mutual Fund logoSBI Large & Midcap FundSBI Mutual Fund2,00,00,0002.25%₹910.9 Cr
SBI Mutual Fund logoSBI Midcap FundSBI Mutual Fund1,13,90,6742.23%₹518.8 Cr
SBI Mutual Fund logoSBI Multicap FundSBI Mutual Fund1,10,00,0002.14%₹501.0 Cr
Nippon India Mutual Fund logoNippon India Multi Cap FundNippon India Mutual Fund70,33,1350.60%₹320.3 Cr
UTI Mutual Fund logoUTI Flexi Cap FundUTI Mutual Fund41,67,0000.84%₹189.8 Cr
SBI Mutual Fund logoSBI ELSS Tax Saver FundSBI Mutual Fund31,92,1030.48%₹145.4 Cr
UTI Mutual Fund logoUTI Mid Cap FundUTI Mutual Fund25,00,0000.96%₹113.9 Cr
WhiteOak Capital Mutual Fund logoWhiteOak Capital Mid Cap FundWhiteOak Capital Mutual Fund23,07,3541.39%₹105.1 Cr
Edelweiss Mutual Fund logoEdelweiss Mid Cap FundEdelweiss Mutual Fund21,55,6580.51%₹98.2 Cr
Axis Mutual Fund logoAxis Large & Mid Cap FundAxis Mutual Fund21,11,4230.59%₹96.2 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Berger Paints (I) insider trading

Bought on the market Sold on the market
  • Promoters and promoter group5 purchases, 0 sales₹4.84 CrNo saleNet₹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
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

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

Return on equity across, P/E up, size is market cap
Company
Asian Paints logoAsian PaintsASIANPAINT2,19,13845.9910.25+9.8%+32.5%23.4%24.7%1.20%
Kansai Nerolac Paints logoKansai Nerolac PaintsKANSAINER14,61924.362.18+5.2%−47.0%9.1%11.3%1.38%
JSW Dulux logoJSW DuluxJSWDULUX12,5926.425.14−11.3%+383.5%103.8%16.8%1.81%
Indigo Paints logoIndigo PaintsINDIGOPNTS4,83529.784.19+9.5%+14.7%14.9%18.3%0.49%
Sirca Paints India logoSirca Paints IndiaSIRCA2,34835.044.94+24.1%+26.3%16.3%17.6%0.48%
Shalimar Paints logoShalimar PaintsSHALPAINTS681–3.41−12.0%–––0.00%
Kamdhenu Ventures logoKamdhenu VenturesKAMOPAINTS124–0.69−7.9%––−1.0%0.00%
Siddhika Coatings logoSiddhika CoatingsSIDDHIKA12311.872.63+15.1%+21.7%24.3%–2.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

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

1.5Mar 171.5Mar 181.6Mar 191.8Mar 202.3Mar 212.6Mar 222.7Mar 233.5Mar 243.8Mar 254Mar 26
Highest ₹4.00 a share, year to Mar 2026.
Ex-dateTypePer share
5 Aug 2026Final₹4.00
5 Aug 2025Final₹3.80
5 Aug 2024Final₹3.50
4 Aug 2023Final₹3.20
18 Aug 2022Final₹3.10
18 Aug 2021Final₹2.80
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Berger Paints (I) announcements

Berger Paints (I) share price by year

Each calendar year to 2025.Berger Paints (I) share price history

YearClose at year endChangeHighest closeLowest close
2025536.55+19.6%600.15447.60
2024448.55−25.8%625.15441.00
2023604.65+24.8%669.30449.58
2022484.46−24.7%658.96467.29
2021643.13+1.6%720.79566.54
2020632.88+47.3%632.88336.71
2019429.63+56.1%439.13240.67
2018275.25+20.7%286.25200.50
2017228.13+30.0%233.46174.58
2016175.46+9.6%223.79133.51
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 2026467.10467.55460.50463.40464.173,19,77669.2%
26 Oct 2026461.50467.00459.05465.80463.871,10,27443.2%
23 Oct 2026466.50468.35459.30466.35462.941,39,52346.3%
22 Oct 2026471.20473.25465.05469.95469.631,33,32546.0%
21 Oct 2026469.20476.30464.55475.20471.222,94,53741.7%
19 Oct 2026473.95473.95466.05470.00469.521,14,31060.1%
16 Oct 2026470.05476.00466.35473.95472.061,36,82840.3%
15 Oct 2026475.55478.95466.20470.05471.082,35,54958.1%
14 Oct 2026476.05482.35472.65475.55477.541,49,20040.7%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
22 Sep 2023Bonus0.8333Holders received 1 bonus share for every 5 held.
15 Jul 2016Bonus0.7143Holders received 2 bonus shares for every 5 held.
8 Jan 2015Split0.5000Each share became 2.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Rishma Kaur
At the end of the quarter to Sep 2026
Managing director and CEO
Abhijit Roy
At the end of the quarter to Sep 2026
NSE symbol
BERGEPAINT
BSE code
509480
ISIN
INE463A01038
Industry
Consumer Durables
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