Berger Paints: Adding Colours To Walls And Portfolios With 23,535% Returns
Had you invested 1 lakh in July 2007, you could have had ₹2.36 crores in profits today. Here’s a recap of how Berger Paints has performed over the years.
🖌️ Stock Name: Berger Paints Ltd.
🖌️ NSE: $BERGEPAINT
🎨 About The Company
Berger Paints India Ltd. manufactures and sells paint products for home, professional, and industrial users in India and across the globe. It offers A to Z paint and home-makeover solutions.
▪️ Based out of Kolkata, this Indian multinational paint company was previously known as British Paints but later changed to Berger Paints in 1983.
▪️ It has 16 manufacturing units in India, 2 in Nepal, 1 in Poland and 1 in Russia.
▪️ It is the second-largest paint company in India, behind Asian Paints.
▪️ It has a market share of 18% in decorative paints and a 12% market share in the overall paint industry in India.
▪️ The company is considered to be among the top 4 in Asia in the paints sector.
📈 Growth Potential
▪️ Has shown a good profit growth of 16.38% in the past 3 years.
▪️ Has significantly decreased its debt by ₹67.02 crores.
▪️ Has been maintaining a healthy return on equity of 23.53% in the past 3 years.
▪️ Has a high promoter holding of 74.99%.