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Oct 21, 2010

Berger Paints - 509480

 

 

Name of Company

Berger paints

BSE Code

509480

NSE Code

BERGEPAINT

ICICI Code

Established

My Take

So-So.

Headquarters

Kolkata

Promoters

Dhingra brothers

Story

Berger paint India ltd uses the brand name in India. In some other countries- this brand-name is owned by Asian paints.

Sector

Paints

Sub-sector

Website

http://www.bergerpaints.com/

Positives

Regular dividend payer. 75% promoter owned(none pledged). Very Low debt (24 Cr in FY10 for 119 Cr profit).

Negatives

Revenue Growth from FY06 to FY10 has been from 987 Cr to 1688 Cr. Profit grew from 70 Cr to 119 Cr. 5-7% NPMs. Can buy at lower PEs as this is not huge growth player. Reserves are not shown in FY10.

Peers

News

Price @ blogged

98.45 (20-Oct-10)

Cost of company

3400 Cr for a 119 Cr FY10 NP which is around 28 times.

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