NSE: BERGEPAINT | BSE: 509480

Expensive Performer

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537.35 2.00 (0.37%)

7,630 NSE+BSE Volume

NSE 19 Sep, 2025 9:18 AM (IST)

62,649.4

Market Cap

Market Runner Up

0.6

Beta 1Year

Very Low volatility

Berger Paints (India) Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for BERGEPAINT, BSE:509480 Berger Paints (India) Ltd.

Berger Paints (India) Ltd.

05 Aug 2022

537.35

0.37%

Q1FY23 performance largely in line with peers

Sell: Berger Paints (India) Ltd.

Recommendation Target

ICICI Securities Limited

Berger’s revenue growth of 53.4% YoY was largely in line with its peers Asian Paints (54.1%) and Kansai (46.2%). While it has maintained market shares on three-year CAGR basis, we believe it has lost some market share in North India in past 2-3 quarters.

Berger Paints (India) Ltd. is trading above its 200 day SMA of 523.0

Berger Paints (India) Ltd.

13 Jun 2022

537.35

0.37%

EARNINGS UPDATE-BERGER PAINTS LTD 4QFY22

Buy: Berger Paints (India) Ltd.

Recommendation Target

Chola Wealth Direct

Berger Paints (India) Ltd. is trading above its 200 day SMA of 523.0

Berger Paints (India) Ltd.

02 Jun 2022

537.35

0.37%

BERGER PAINTS

Hold: Berger Paints (India) Ltd.

Target

Geojit BNP Paribas

Number of FII/FPI investors increased from 224 to 254 in Jun 2025 qtr.

Berger Paints (India) Ltd.

31 May 2022

537.35

0.37%

Berger Paints: Q4FY22 Result Review

Buy: Berger Paints (India) Ltd.

Recommendation Target

IDBI Capital

Number of FII/FPI investors increased from 224 to 254 in Jun 2025 qtr.

Berger Paints (India) Ltd.

15 Feb 2022

537.35

0.37%

BERGER PAINTS

Hold: Berger Paints (India) Ltd.

Target

Geojit BNP Paribas

We expect company to perform better in upcoming quarter on the back on continued growth in topline. However, margins remain under pressure on inflationary concerns. We maintain our HOLD rating on the...

Berger Paints (India.. has an average target of 552.50 from 2 brokers.

Berger Paints (India) Ltd.

15 Feb 2022

537.35

0.37%

EARNINGS UPDATE- BERGER PAINTS 3QFY22

Neutral: Berger Paints (India) Ltd.

Recommendation Target

Chola Wealth Direct

Background: Berger Paints is the second largest decorative paint company in India. The Company operates seven manufacturing facilities spread across India, and four overseas manufacturing facilities. The company has second largest distribution network of ~11,500 active dealers and ~12,000 tinting machines. Berger has a strong presence in East and North India, which accounts for 60% of its distribution network while South & West India accounts for 40% of distribution network. Company derives ~80% of revenue from decorative paints and the rest from industrial paints of which Automotives accounts for 8%, powder coating accounts for 2%...

Berger Paints (India) Ltd. is trading below its 30 day SMA of 539.9

Berger Paints (India) Ltd.

17 Nov 2021

537.35

0.37%

BERGER PAINTS

Hold: Berger Paints (India) Ltd.

Recommendation Target

Geojit BNP Paribas

Higher demand and volume growth helped Berger Paints somewhat mitigate impact of input costs on its operational performance during the quarter. Company has also recently hiked prices to pass on the increase in cost of materials to consumers. With improved outlook, we upgrade our rating on the stock to HOLD with a rolled forward target price of Rs. 835 based on 60x FY24E adj. EPS. Recovery in demand and volumes drive topline growth Berger Paints reported 23.7% QoQ increase in Q2FY22 revenue to Rs. 2,225cr (+27.7%...

Berger Paints (India) Ltd. is trading below its 30 day SMA of 539.9

Berger Paints (India) Ltd.

16 Nov 2021

537.35

0.37%