Buy Berger Paints (India), target price Rs 575: Anand Rathi

Anand Rathi has buy call on Berger Paints (India) with a target price of Rs 575. The current market price of Berger Paints (India) is Rs 493.6.

Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 57351.34 Crore) operating in Building Materials sector.

Berger Paints (India) Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes, Other Operating Revenue, Contract Revenue and Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 2536.16 Crore, down -12.57 % from last quarter Total Income of Rs 2900.77 Crore and up 3.15 % from last year same quarter Total Income of Rs 2458.70 Crore. Company reported net profit after tax of Rs 190.60 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 31-Mar-2024, while FIIs owned 10.66 per cent, DIIs 5.16 per cent.