Berger Paints share price: Hold Berger Paints (India), target price Rs 845: ICICI Direct

ICICI Direct has hold call on (India) with a target price of Rs 845. The current market price of Berger Paints (India) Ltd. is Rs 802. Time period given by analyst is one year when Berger Paints (India) Ltd. price can reach defined target.


Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 77912.43 Crore) operating in Building Materials sector.

Berger Paints (India) Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes, Contract Revenue, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.




Financials

For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 2238.00 Crore, up 23.27 % from last quarter Total Income of Rs 1815.52 Crore and up 26.75 % from last year same quarter Total Income of Rs 1765.73 Crore. Company reported net profit after tax of Rs 219.23 Crore in latest quarter.

Investment Rationale
Berger’s share price has grown by ~4x over the past five years (from ~Rs 187 in November 2016 to ~Rs 798 levels in November 2021). The brokerage maintains HOLD rating on the stock


Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 30-Sep-2021, while FIIs owned 11.22 per cent, DIIs 3.9 per cent.

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