Table of Contents
Berger Paints – About
BP is the 2nd Largest paint company in India, the 4th Largest paint company in Asia, and the 7th Largest decorative paint company in the world.
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Berger Paints – Stock highlights
- High double digit compounded growth sustained across 2/3/5 years
- Highest Profitability growth in Q1FY24
- Highest gain in market share in the industry
- Decorative business grew by 11.4% which is far ahead of industry growth helping the company to consistently gain Market share
- Water proofing business continued to show strong growth
- Added 1500+ retail touchpoints in Q1FY24 Installed 1300+ Colorbank machines
- Net debt showed further reduction in the first quarter of FY24
Berger Paints – Bonus Issue
On August 9, 2023, BP announced a bonus issue with a ratio of 1:5. Shareholders of the company as of September 22, 2023, will be eligible for this bonus. The ex-bonus date is also set for September 22, 2023, where for every five shares held, they will receive one additional share, potentially enhancing the overall value of their investment.
Berger paints – Financial parameters
The company’s market capitalization is about ₹72,000 Crores. The current stock price stands at ₹741, with a high/low range of ₹748 to ₹527. The stock’s P/E ratio is at 75.0, while the book value is ₹46.3, and the dividend yield is 0.36%. The company exhibits a robust financial performance with an ROCE of 23.8% and an ROE of 20.4%. With a face value of ₹1.00 and a debt-to-equity ratio of 0.26, it maintains a healthy financial structure. Additionally, there is no pledged percentage of shares, highlighting a low level of risk.
Berger paints – Technical parameters
- F&O data suggests Long Buildup.
- PIVOT LEVELS
| Type | R1 | R2 | R3 | PP | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | 754.67 | 767.93 | 788.37 | 734.23 | 720.97 | 700.53 | 687.27 |
| Fibonacci | 747.11 | 755.06 | 767.93 | 734.23 | 721.36 | 713.41 | 700.53 |
| Camarilla | 744.49 | 747.58 | 750.67 | 734.23 | 738.31 | 735.22 | 732.13 |
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