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BERGEPAINT Share Price Target
Berger Paints (India) Ltd.
Sector: Paints and Pigments
Sector: Paints and Pigments
BERGEPAINT Share Price *
500.3 +6.8 (1.38%)
* (quote may be delayed)
BERGEPAINT Share Price Forecast - Consensus
| No. of reports in last year | 7 |
| No. of analysts | 4 |
| Average Consensus Forecast | 345.14 |
| Consensus Potential | -45.31% |
BERGEPAINT Share Price Target - Broker Reports - 2019
Kotak Securities
8-Nov-19
Price @ Call: 492.72
Target: 400
SELL
1/Strong volume growth in the decorative segment; 2/ stable volumes in the industrial segment; 3/ decrease in realizations leading to weak sales growth; 4/YoY improvement in operating margins with benign raw material situation and 5/ strong earnings growth due to lower ETR, were the highlights of the results for Berger in Q2FY20. However, the valuations at the current price and factoring growth prospects looks stretched. Maintain SELL with an unchanged TP of Rs 400 at 50x FY21E earnings in line with valuation of larger peers.
Kotak Securities
17-Oct-19
Price @ Call: 471.1
Target: 400
SELL
We estimate that branded paint demand will remain robust in a country like India where per capita consumption is very low and 30% paint market is still unorganised. Management of Berger also indicated that the volume trends remain strong for the company and expect the trend to continue in medium term.
Kotak Securities
9-Aug-19
Price @ Call: 353.05
Target: 325
SELL
Berger’s performance has been better than peers and is indicative of continuedmarket share gains. Reduction in GST rates can drive further improvement in demand. Continued strong quarterly performance, ahead of the peers has impelled us to increase our estimates for Berger. For Berger, now we estimate 10% volume CAGR over FY19 – FY21E with improvement in operating margins and return ratios. However, the valuations at the current price and factoring growth prospects looks stretched. Maintain SELL with an increased TP of Rs 325 (from Rs 300) at 46x FY21E earnings in line with valuation of peers.
AnandRathi
23-Jul-19
Price @ Call: 313.46
Target: 365
BUY
Cholamandalam Securities
27-Jun-19
Price @ Call: 315.83
Target: 346
BUY
We are positive on the long term fundamentals of the domestic decorative business on account of Housing for all, Swachh Bharat Abhiyan and premiumisation; however, benign real estate demand will continue to act as a headwind for domestic decorative demand in the near term. At CMP of INR 316, the stock is trading at 48.4XFY20E and 40.2XFY21E earnings. We are valuing the company 44XFY20E EPS to arrive at a target price of INR 346 (earlier: INR 353) and maintain OUTPERFORMER rating.
Dolat Capital
8-Feb-19
Price @ Call: 310.92
Target: 300
SELL
Kotak Securities
8-Feb-19
Price @ Call: 310.92
Target: 280
SELL
BERGEPAINT Share Price Target - Broker Reports - 2018
Edelweiss
3-Dec-18
Price @ Call: 319.5
Target: 353
BUY
Kotak Securities
9-Nov-18
Price @ Call: 298.3
Target: 280
SELL
Kotak Securities
31-Aug-18
Price @ Call: 337.14
Target: 305
SELL
Geojit Financial Services
27-Aug-18
Price @ Call: 332.14
Target: 313
SELL
Dolat Capital
14-Aug-18
Price @ Call: 321
Target: 318
REDUCE
Kotak Securities
14-Aug-18
Price @ Call: 323.53
Target: 305
SELL
Edelweiss
7-Jun-18
Price @ Call: 282.15
Target: 332
BUY
Edelweiss
15-Mar-18
Price @ Call: 248.1
Target: 293
BUY
Bonanza
5-Mar-18
Price @ Call: 245.5
Target: 304
BUY
Dolat Capital
28-Feb-18
Price @ Call: 246.6
Target: 275
ACCUMULATE
Cholamandalam Securities
13-Feb-18
Price @ Call: 249.35
Target: 276
BUY
BERGEPAINT Share Price Target - Broker Reports - 2017
Dolat Capital
13-Nov-17
Price @ Call: 249.38
Target: 263
BUY
Edelweiss
7-Aug-17
Price @ Call: 249
Target: 289
BUY
HDFC Securities
10-Jul-17
Price @ Call: 245
Target: 302
BUY
Edelweiss
5-Jun-17
Price @ Call: 255.15
Target: 282
BUY
Axis Direct
22-Feb-17
Price @ Call: 231
Target: 195
SELL
BERGEPAINT Share Price Target - Broker Reports - 2016
Axis Direct
7-Nov-16
Price @ Call: 259
Target: 190
SELL
Edelweiss
1-Jun-16
Price @ Call: 203.57
Target: 229.29
BUY