Berger Paints shares up 1.74% as Nifty gains

NEW DELHI: Shares of Berger Paints (India) Ltd. traded 1.74 per cent up in Thursday's trade at 11:16AM (IST). Around 15,874 shares changed hands on the counter.

The counter opened at Rs 708.0 and touched an intraday high and low of Rs 721.3 and Rs 708.0, respectively, in the session so far. The stock of Berger Paints (India) Ltd. quoted a 52-week high of Rs 872.0 and a 52-week low of Rs 620.55.

Total market cap of the Berger Paints (India) Ltd. stood at Rs 69537.05 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 2566.22 crore for the quarter ended 31-Dec-2021, up 14.67 per cent from previous quarter's Rs 2238.0 crore and up 20.27 per cent from the year-ago quarter's Rs 2133.79 crore.

The net profit for latest quarter stood at Rs 252.72 crore, down 8.03 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2021, DIIs held 1.15 per cent stake in the firm, while foreign institutional investors held 11.3 per cent and the promoters 74.99 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 84.72 and a price-to-book ratio of 21.99. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Berger Paints (India) Ltd. belongs to the Paints/Varnishes industry.