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BERGER PAINTS INDIA LTD.668.85 3.65 (0.55%)

  • BSE: 500049
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  • ISIN NO: INE463A01038
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  • INDUSTRY: Furniture-Furnishing-Paints


Berger Paints India Limited or BERGEPAINT

It was incorporated in 1923 and became the third largest paint manufacturer and the second largest manufacturer in decorative paints. Its headquarters are located in Kolkata, and it has a distribution network of about 75 stock points with 12,000 paint retailers. This particular Company has come a long way to be at one end of time and also a part of the worldwide BERGER group in 1983 and therefore acquiring its present name Berg ... er Paints India Limited to be subsequently gone via further ups & downs as well as the ownership changes to gain its current status where the majority of stake is with the Dhingra brothers who are Delhi based.

History of the Company:

Soon, the person who took over as its first managing director was named as Mr. Alexender Vernon Niblet, who was an Englishman, and later on, followed by Mr. Alfred Godwin in the year 1962. Then, in 1965, the share capital of the British Paints (Holdings) Limited was being acquired by the Celanese Corporation, of the USA and the controlling interest of British Paints (India) Ltd was acquired by the CELEURO NV, a Celanese subsidiary, and Holland. In 1969, the Celanese Corporation also sold its Indian interests to Berger, and Jenson & Nicholson, the U.K. Soon after that the Company British Paints (India) Ltd. became a member of the worldwide BERGER group by carrying out its operations overseas and in numerous geographic locations. It also marked the beginning of Lewis Berger's legacy in India which would be taken forward to its enviable heights. And from 1973, the Company also entered into one of its active phases of business with the introduction of new generation products in the industrial, and marine and decorative sections under the capable leadership of its first Indian Managing Director Mr. Dongargaokar Madhukar. In 1976, another turning point came in the history of the Company when the foreign holding in the Company was being diluted below the 40% by the sale of a specific portion of the shares to the U.B. Group which was controlled by Mr. Vittal Mallya. Soon, the reins of the Company were taken over by Mr. Biji K Kurien with the position of Chief Executive & Managing Director in 1980. Finally, in 1983, the British Paints (India) Limited also changed its name to Berger Paints India Limited. The complete era of the 80s & 90s saw the lunch of many new products from the Company's stable, such as premium emulsions and high-quality acrylic distempers. Also, the COLOUR BANK tinting system was launched with the purpose to let the consumer select from a given range of over 5000 shades. The fortunes of the Company turned around in the year 1991 with the U.B. Group's stake in the Company which was brought over by the Delhi based Dhingra brothers named as Mr. G.S.Dhingra & Mr. K.S.Dhingra along with their following associates of the U.K. Paints Group. Presently Dhingra' controls a majority stake of almost 73% in the Berger Paints India Limited, which is also a professionally managed organization with its headquarters located in Kolkata, and with the stewardship resting since 1994 and with the current Managing Director, Mr. Subir Bose. Various manufacturing facilities of the Company are located at the West Bengal, Uttar Pradesh, Pondicherry, Goa, and Jammu and Kashmir. It has the following subsidiaries such as Beepee Coatings, Berger Jenson & Nicholson (Nepal), Berger Paints (Cyprus) and Berger Paints Overseas. It has also acquired a 100% stake of Motor and the Industrial paints business of the ICI India. It has a technical license agreement with the DuPont Performance in the specific area of automotive coating; Nippon paints for the new generation automotive coating and Orica Australia Pty for protective coating and TIGERWERK Lacku. Farbenfabrik GmbH, Australia for its specialized powder coating. It has a joint venture with Nippon Bee Chemical for the manufacturing of the coatings for plastic substrates used in both automobiles and mobile phones. It also has a wide range of color bank with over 5000 shades. Lewis Berger Color Bank offers digital paint technology through its outlets, which mixes different shades to create desired paint — headquartered at Kolkata, with 11 strategically located manufacturing units and about 170 sales offices and all including those belonging to the 'Company's division and the subsidiaries. It also has an international presence in 3 different countries.

Some of the Awards:

  1. The 10th Annual Construction World Global Awards 2012
  2. The Genius H.R. Excellence Award 2011 – Excellence in Best Training Initiative Category A – 22nd April 2011, Kolkata.
  3. The Readers Digest Gold Award for the most trusted brand – 2008
  4. The Best Supplier Award for an outstanding contribution in Product Development from OEM customer M/S Whirlpool –2005, Faridabad.
  5. Berger Paints received the 1st rank as the fastest growing paint company at Construction World NICMAR Award –2005, Bengaluru.
  6. The Environment Excellence Award for Howrah Works – by the West Bengal Pollution Control Board & Indian Chamber of Commerce – 2001, Kolkata.
  7. The Builder Information Bureau (BIB) 2012 Leadership in the paint category.

Read More
Key Data
  • Market cap 57020.00 CR.
  • Book value 27.03
  • Stock P/E 111
  • Dividend Yield 0.37%
  • ROCE 31.47%
  • ROE 27.60%
  • Sales Growth (3Y) 10.44%
  • Face Value (3Y) 1.00
Trend Analysis
  • Short Term Trend :
  • Medium Term Trend :
  • Long Term Trend :

Are you friends with trend?

There is a saying in stock market, "Trend is your best friend"

It means, a good trader doesn't place his money against the trend. Many new traders lose money because they are trying to catch trend reversals but seasoned traders wait for a clear trend to emerge before taking the trade in the direction of trend.

Day Technicals

What is Opening Range Breakout?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.


What is NR7 trading strategy?

Narrow Range trading strategy or NR7 Trading strategy is a breakout based method which assumes that the price of security trends up or down after a brief consolidation in a narrow range.

Opening Price clues

How to use Opening Price Clues in your trades?

If the stock has same open and high after it has traded for some time, it implies there was a consistent selling pressure that didn't allow the stock to move higher from the opening price. Similarly, if the stock has same open and low price, it implies there was a consistent buying intent that kept the stock price above the opening price.

Day High Low Range
10 AM 663.25 669.90
11 AM 663.25 670.00
12 PM 663.25 670.00
1 PM 663.25 670.00
2 PM 663.25 670.00
3 PM 663.25 672.20
Japanese Candlestick Patterns
Candle Pattern 1 :None
Candle Pattern 2 : None
Candle Pattern 3 :None
Candlestick Price Action
Higher High Higher Low
Pivot Points
Name S4 S3 S2 S1 Pivot Points R1 R2 R3 R4
classic 632.07 642.57 653.07 659.13 663.57 669.63 674.07 684.57 695.07
woodie's 631.76 642.26 649.88 652.75 660.38 663.25 670.88 673.75 684.25
fibonacci - 653.07 657.08 659.56 663.57 667.58 670.06 674.07 -
camarilla 659.42 662.31 663.28 664.24 -- 666.16 667.12 668.09 670.98
Past Performance & Moving Averages
10 DAY 626.20
646.19 4.99 % 2.25 %
20 DAY 624.40
646.02 3.04 % 4.01 %
50 DAY 550.50
618.11 10.28 % 10.93 %
100 DAY 492.90
581.68 18.67 % 14.80 %
200 DAY 389.35
540.15 51.75 % 48.91 %
YTD 389.35
540.96 29.09 % 7.80 %
52 Week 300.10
494.14 35.05 % 9.87 %

Why are moving Averages important in technical Analysis?

An opening range breakout is breaking out of the day's range after a stock has moved for some time in a sideways trend. In technical terms, its a breakout from the support and resistance level in an upward or downward trend.

Gaps On Day Chart
Unfilled Gap Up On 2016-12-28
196.55 ~ 196.40 SUPPORT
Industry Growth Rate

In Last 1 Year the industry has grown by 14.41 %

In Last 5 Year the industry has grown by 7.03 %

Peer comparison


COMPANY NAME201420152016201720182019
AKZOINDIA 2640.002572.002719.002918.00
Total 5227.00 5869.25 5462.80 5757.80 6415.80 7340.40


1 ASIAN PAINTS LTD. 221855.46 2313.00 98.23 22.51 83.25 22.49 63.04% 19342.00 2159.00 11.16% 14.96% 5.89% 13.91% 18.42%
2 ASIAN GRANITO INDIA LTD. 36163.92 119.90 137.54 6.94 32.61 0.70 2.38% 1187.00 21.00 1.77% 2.68%
3 BERGER PAINTS INDIA LTD. 64611.69 664.75 25.55 5.13 114.75 5.13 27.53% 6062.00 498.00 8.22% 17.34% 8.03% 14.46% 19.62%
4 SHALIMAR PAINTS LTD.-$ 30218.42 55.65 52.25 288.00 6.27%
5 KANSAI NEROLAC PAINTS LTD. 29032.10 539.65 66.67 8.40 60.12 8.39 75.30% 5424.00 453.00 8.35% 16.44% 14.76% 15.96%
6 NITCO LTD. 10491.46 14.60 11.03 596.00
7 ORIENT BELL LIMITED-$ 7725.16 54.15 163.22 6.51 18.23 0.65 4.24% 571.14 9.28 1.62%
8 Akzo Nobel India Limited 9979.69 2170.00 242.86 46.27 44.67 4.59 85.50% 2918.00 211.00 7.23% 7.32% 13.05%
9 KAJARIA CERAMICS LTD. 10787.65 678.10 104.79 14.25 39.64 14.19 28.44% 2956.00 227.00 7.68% 9.04%
10 MURUDESHWAR CERAMICS LTD. 5637.83 11.95 71.48
11 Sheela Foam Ltd 7860.56 1596.45 154.79 27.42 56.46 5.58 20.90% 2066.00 134.00 6.49% 9.37%
12 CERA SANITARYWARE LTD. 4185.63 3212.00 559.98 88.52 29.67 4.26 22.00% 1352.00 115.00 8.51% 14.09% 11.65%
13 SOMANY CERAMICS LTD. 632.64 103.10 96.76 10.93 19.49 5.75 3.50% 1715.00 46.00 2.68% 0.12% 14.49% 17.72%

What is Sales Trend ?

Sales trend is a methodology to understand sales results which helps in understanding the trends of the market over a specific period of time. Sales results are an indicative of the sales patterns followed by the customer over a time period.


What is Profit & EPS Trend ?

EPS Trends was initially built in late 2015 when I was just getting into frontend development. Coming from a background in Rails, I was frustrated with how many decisions you had to make early on as a javascript developer.

Net Profit

What is EBITDA Margin & EBIT Margin ?

Corporate accounting is required to adhere to the standards and practices collectively referred to as the generally accepted accounting principles. EBITDA is an excellent way for corporate accountants to start compiling data, but it should not be considered an absolute result. This is due to the fact that many consider EBITDA more of a broad stroke than a definitive form of accounting practice.

EBIT Margin
Cash Flow

Why is the Cash Flow Analysis important?

A business needs cash to pay its expenses, to pay bank loans, to pay taxes and to purchase new assets. A cash flow report determines whether a business has enough cash to do exactly this.

Operating Activities
Financing Activities
Investing Activities
Financial Health

What Is Financial Health?

Financial health is a term used to describe the state of one's personal monetary affairs. There are many dimensions to financial health, including the amount of savings you have, how much you’re putting away for retirement, and how much of your income you are spending on fixed or non-discretionary expenses.

Debt to Equity
Piotroski Score
  • 0
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9

What Is the Piotroski Score?

The Piotroski score is a discrete score between 0-9 that reflects nine criteria used to determine the strength of a firm's financial position.

Altman Z Score (Mfg Company)
  • Distress (< 1.81)
  • Caution (>1.81 < 2.99)
  • 16.05
    Safe (3 & above)
Altman Z Score (Non-Mfg Company)
  • Distress ( < 1.23)
  • Caution (>1.23 < 2.6)
  • 26.03
    Safe (2.6 & above)

What Is Valuation?

Valuation is the analytical process of determining the current (or projected) worth of an asset or a company. There are many techniques used for doing a valuation. An analyst placing a value on a company looks at the business's management, the composition of its capital structure, the prospect of future earnings, and the market value of its assets, among other metrics.

BERGEPAINT20DECFUT 2583900.00 1502600.00 671.70 1100 2020-12-31
BERGEPAINT21JANFUT 45100.00 16500.00 675.20 1100 2021-01-28
BERGEPAINT21FEBFUT 1100.00 0.00 671.80 1100 2021-02-25
ROLLOVER COST: 0.52% (INR 3.50)
What is the significance of Rollover data?

Rollover in an important data point and should be analyzed in the expiry week. Rollover involves carry forwarding of ‘futures’ positions from one series (which is nearing expiry date) to the next one.

Rollover percentage actually indicates whether the traders are willing to carry forward their existing. positions (long or short) to the next series or not. Generally, the rollover figures alone will not indicate which direction traders are betting on. You should also check whether absolute open interest is increasing or decreasing over expiries

What is Options Max Pain Theory?

Options Max Pain Theory suggests,

“On option expiration day, the underlying stock price often moves toward a point that brings maximum loss to option buyers.”

Ratio Analysis

The Bank was incorporated in the year 2004 by Rana Kapoor and Late Ashok Kapur, which is a new age private sector bank. And since the inception of the bank has fructified into a “Full-Service Commercial Bank,” it has steadily built Corporate and Institutional Banking, Financial Markets, Investment Banking, Corporate Finance, Branch Banking, Business and Transaction Banking, and Wealth Management business lines across the whole country.

It is well-equipped to offer a spectrum of products and services to all the corporate and retail customers.

Read More
Bulk Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
BERGEPAINT 2017-03-28 GBS DHINGRA FAMILY TRUST S 6500000.00 232.00
BERGEPAINT 2017-03-28 KSD FAMILY TRUST S 6500000.00 232.00
BERGEPAINT 2017-03-28 U K PAINTS INDIA PVT LTD P 13000000.00 232.00
Block Deals
Symbol Name Deal Date Client Name Transcation Type Quantity Price
BERGEPAINT 2017-03-28 U K PAINTS INDIA PVT LTD P 6500000.00 232.00
BERGEPAINT 2017-03-28 U K PAINTS INDIA PVT LTD P 6500000.00 232.00
BERGEPAINT 2017-03-28 KSD FAMILY TRUST S 6500000.00 232.00
BERGEPAINT 2017-03-28 GBS DHINGRA FAMILY TRUST S 6500000.00 232.00
Dividend history
Ex Date Amount
2020-03-02 1.90
2019-07-26 1.90
2018-07-26 1.80
2017-07-27 1.75
2016-07-26 1.00
2016-02-17 0.65
2015-07-24 0.65
2015-02-12 0.60
2014-07-16 2.20
2013-07-17 1.80
2012-07-18 1.40
2011-07-20 0.80
2011-03-14 0.50
2010-07-13 1.10
2009-07-22 0.60
2008-07-16 0.50
2007-07-13 0.40
2002-03-05 2.50
2001-06-28 5.00
2001-02-28 0.00
2000-07-26 0.00
Bonus Data
Company Name Split Date From Value To Value
BERGER PAINTS INDIA LTD. 2016-07-15 2.00 5.00
Split Data
Company Name Split Date From Value To Value
BERGER PAINTS INDIA LTD. 2015-01-08 2.00 1.00