Berger Paints shares up 0.39% as Nifty drops

NEW DELHI: Shares of Berger Paints (India) Ltd. traded 0.39 per cent up in Thursday's trade at 12:33PM (IST). Around 8,376 shares changed hands on the counter.

The stock opened at Rs 612.05 and touched an intraday high and low of Rs 622.7 and Rs 611.8, respectively, in the session so far. The stock of Berger Paints (India) Ltd. quoted a 52-week high of Rs 823.0 and a 52-week low of Rs 543.85.

As per BSE, the total market cap of the Berger Paints (India) Ltd. stood at Rs 60315.93 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 2772.74 crore for the quarter ended 30-Jun-2022, up 25.65 per cent from previous quarter's Rs 2206.63 crore and up 52.72 per cent from the year-ago quarter's Rs 1815.52 crore.

The net profit for latest quarter stood at Rs 253.43 crore, up 80.26 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, domestic institutional investors held 1.01 per cent stake in the firm, while foreign institutional investors held 11.03 per cent and the promoters 60.51 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 63.78 and a price-to-book ratio of 17.31. 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.