Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 74206.94 Crore) operating in Building Materials sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 2118.19 Crore, up 21.56 % from last quarter Sales of Rs 1742.55 Crore and up 24.90 % from last year same quarter Sales of Rs 1695.87 Crore Company reported net profit after tax of Rs 273.97 Crore in latest quarter.
Investment Rationale
While the brokerage maintains positive stance on the stock, the recent rally in the stock factors in most of the positives. It maintains HOLD rating on the stock with a revised target price of Rs 810/share (earlier TP Rs 675).
Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of June 30, 2020, while FIIs held 11.7 per cent, DIIs 3 per cent and public and others 10.3 per cent.
