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HomeINVESTMENTFocus This ₹559 Share; New Agreement Done For The Production Of Green...

Focus This ₹559 Share; New Agreement Done For The Production Of Green Ammonia

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Berger Paints (NSE: BERGEPAINT) has informed that the company has entered into a technology agreement, with Ramakrishna Mission Vidyamandir of Belur for the exploration of industrial-scale production of green ammonia.

“We are pleased to announce that the Ramakrishna Mission Vidyamandir, Belur has awarded a joint venture agreement with Berger Paints India Limited for the study of pilot-scale and later industrial-scale creation of green ammonia by electrocatalytic process without green hydrogen,” according to the company in an exchange document. 

Presently, It is the second-largest paint maker in India.

The Share Will Remain In Focus

The stock market will remain closed on Monday due to Holi. The shares of the company will be under scrutiny the next day.

On March 22, shares of Berger Paints closed at Rs 559.85 on the NSE with a rise of 0.77 percent.

The company’s shares have increased by 16.47 percent in the last year. The 52-week peak of the share is 679.75.

Q3 Results

In the third quarter of FY 2024, the consolidated profit of Berger Paints India increased by 49.21 percent year-on-year to Rs 300.16 crore, which was Rs 201.17 crore in the same period of the last financial year.

The company’s income increased by 6.99 percent annually to Rs 2,881.83 crore. 

The company said its EBITDA was Rs 480.04 crore, an increase of 37.3 percent year-on-year.

About Berger Paints India Ltd

Paints India Limited is an Indian company that is involved in the manufacture and sale of paints.

The company offers products in categories like exterior wall coatings, exterior metallic finishes undercoats, and solutions for waterproofing.

The wall distempers it offers for the interior are Bison Distemper. 

Some exterior emulsions are offered by the Company such as WeatherCoat Long Life 7, WeatherCoat Long Life 10, WeatherCoat Long Life PU Tile Coat together with Never Miss Ceiling white, and WeatherCoat Anti Dust. 

Its Sandila Plant is the manufacturing facility of the Company located in India, which is water-based paint. 

Fundamental Analysis of Berger Paints India Ltd

Market Cap₹ 65,091 Cr.
Current Price₹ 558
52-wk High₹ 680
52-wk Low₹471
Stock P/E57.5
Book Value₹ 41.5
Dividend0.48 %
ROCE23.8 %
ROE20.4 %
Face Value₹ 1.00
P/B Value13.4
OPM16.7 %
EPS₹ 9.71
Debt₹ 1,154 Cr.
Debt to Equity0.24

Berger Paints India Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹560₹600
2025₹612₹643
2026₹656₹700
2027₹723₹786
2028₹800₹854
2029₹897₹936
2030₹950₹1000
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Berger Paints India Ltd Shareholding Pattern

Promoters Holding
Dec 202275.00%
Mar 202375.00%
June 202375.00%
Sept 202375.00%
Dec  202374.99%
FII Holding
Dec 202211.11%
Mar 202310.64%
June 202310.83%
Sept 202310.89%
Dec  202310.68%
DII Holding
Dec 20222.90%
Mar 20233.47%
June 20233.75%
Sept 20234.06%
Dec  20234.67%
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Public Holding
Dec 202210.98%
Mar 202310.90%
June 202310.42%
Sept 202310.05%
Dec  20239.65%

Berger Paints India Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹6,062 Cr
2020₹6,366 Cr
2021₹6,818 Cr
2022₹8,762 Cr
2023₹11,122 Cr

Last 5 Years’ Net Profit:

2019₹494 Cr
2020₹656 Cr
2021₹720 Cr
2022₹833 Cr
2023₹1,133 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.2
20200.2
20210.11
20220.17
20230.17

Last 10 Years’ Profit Growth:

10 Years:15%
5 Years:14%
3 Years:10%
Current Year:27%

Last 10 years’ Return on Equity (ROE):

10 Years:23%
5 Years:22%
3 Years:22%
Last Year:20%

Sales Growth Over 10 Years:

10 Years:13%
5 Years:155
3 Years:18%
Current Year:8%

Conclusion

This article is a complete guide about Berger Paints India Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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