Reduce Berger Paints (India), target price Rs 626: ICICI Securities

ICICI Securities has reduce call on Berger Paints (India) with a target price of Rs 626. The current market price of Berger Paints (India) Ltd. is Rs 630.7.

Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 61675.82 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-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2772.74 Crore, up 25.65 % from last quarter Total Income of Rs 2206.63 Crore and up 52.72 % from last year same quarter Total Income of Rs 1815.52 Crore. Company reported net profit after tax of Rs 250.24 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 11.03 per cent, DIIs 3.58 per cent.