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Berger Paints India Stock Fundamental Analysis - Financial Results & Equity Research | Investyadnya Stock-o-Meter

Berger Paints India

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About

Among the top 15 paint companies in the world, Berger Paints India Ltd ranks as the second-largest paint company in India and the fourth-largest in Asia. It holds approximately 21% market share in the decorative paints segment and around 12% market share in the overall paints industry in India. The company specialises in manufacturing and selling paints, varnishes, and enamels for various applications. Berger Paints operates in both decorative and industrial segments, with the decorative paint segment contributing 80% to its revenue and the industrial segment accounting for the remaining 20%.

Highlights

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Relaince Group

Sector: Refineries

Market Price

2,529.50

Market Cap(₹Cr.)

2,529.50

-90.00

Quarterly Results ( Figures in Rs. Crores.)

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Major Shareholders

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Shareholders more than 1%

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Documents

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Overview

Berger Paints is India’s leading paint manufacturer. The Lewis Berger laid the foundations of brand Berger way back in 1760 in the UK. With modest beginnings in India in 1923, currently, Berger Paints India is the second largest paint company in the country with a consistent track record of being one of the fastest growing paint companies, quarter on quarter, for the past few years. Starting out as Hadfield's (India), it had just one factory in Howrah, West Bengal. By the close of 1947, Hadfield's was acquired by British Paints (Holdings), UK and came to be known as British Paints (India). In 1983, the name of the company was changed to Berger Paints India. 

Driven by a penchant for ceaseless innovation, the company has continued to challenge industry trends, exceed global standards and uphold its legacy of trust, quality and customer satisfaction. The company’s extensive pan-India distribution network, comprising over thousands of touchpoints, is supported by strategically located manufacturing facilities catering to major regions. Additionally, its DOCO (Dealer Owned Company Operated) stores nationwide play a vital role in driving sales growth.

The company successfully completed a century of its dominance in the paint industry and celebrated its 100 Year journey with the inauguration of its new, classy headquarters at New Town, Kolkata on February 10, 2025.

Business area of the company

Berger Paints India is the second largest paint company in India and has established itself as a trusted name in the paint industry, not only in India but across the globe. The company has a diverse portfolio of innovative decorative paint products spanning various price points and segments, catering to a wide customer base. In the industrial segment, its tailored solutions position it as a preferred supplier, meeting specific customer needs effectively.

Products:

  • Interior Wall Coatings
  • Exterior Wall Coatings
  • Putty & Cement Paint
  • Primers
  • Enamels
  • Wood Finishes
  • Waterproofing
  • Tiling Solution
  • Product Finder

Awards and Accolades:

  • 2005: Best Supplier Award Outstanding contribution in Product Development OEM customer Whirlpool - 2005, Faridabad.
  • 2008: Reader's Digest Gold Award - 2008 Most Trusted Brand.
  • 2012: Builder Information Bureau (BIB) 2012 Leadership in the paint category.
  • 2012: 10th Annual Construction World Global Awards 2012.
  • 2015: Featured in Top Companies Report by CoatingsWorld among the Top 25 of the report.
  • 2015: Featured in Forbes India’s list of Super 50 Companies.
  • 2015: Featured among BrandZ Top 50 most valuable brands 2015.
  • 2016: Berger Paints India Wins 1st Prize in NECA, 2016.
  • 2016: Featured among the Top 7 Value Creators in Forbes India’s 7th Anniversary Special Edition.
  • 2016: Featured in Forbes India’s list of Super 50 Companies for the second year in a row.
  • 2017: Berger Express Painting Awarded SKOCH-BSE Order of Merit in the Innovation category at the 48th SKOCH-BSE Summit.
  • 2017: Ranked among the top manufacturers of paints and coatings of the world in the latest issue of Top Companies Report 2017, by Coatings World.
  • 2019: Berger Paints Shines at Sammie 2019 With Silver Award.
  • 2019: Berger Paints wins the CII National Award for Excellence in Water Management 2019.
  • 2020: Listed in BrandZ Top 75 Most Valued Indian Brands 2020 in its seventh edition released by Kantar Millward Brown.
  • 2020: Berger Paints recognized as the ‘Best Indian Paint Company’ at Times Business Awards.
  • 2020: CII Environmental Best Practices Award 2020.
  • 2020: Gold Award bagged by our Naltali Unit in National Occupational Health & Safety Awards 2020
  • 2020: Beepee Coatings Pvt. Ltd., bags the award for Strategy Excellence in Inventory Planning & Control
  • 2020: Berger Paints India - India's Best Managed Companies
  • 2020: Assam Unit has received the Gold award in the 3rd Occupational Health & Safety Conference Awards
  • 2021: VVN Plant has received the Platinum award in the 10th Exceed Environment Award 2021
  • 2021: VVN Plant has bagged Silver in the 3rd Occupational Health & Safety Conference Awards
  • 2021: Berger Paints India has conferred the distinguished Greentech Environment & Sustainability Award 2021. 
  • 2021: Berger Paints Naltali Unit got the CII Energy Excellence Award at the 14th ENCON Awards.
  • 2021: Berger Paints is thrilled to be recognised as one of the Iconic Brands of India
  • 2021: Berger Paints Jejuri Plant receives Occupational Health & Safety Management Award from Healthwire Media LLP
  • 2022: Silk Glamor is the Most Preferred Paint under Home Decor in The Times Business Awards
  • 2022: Berger Paints Wins the Golden Peacock National Quality Award, which stands for Excellence in Quality.
  • 2022: Berger Paints wins outstanding digital transformation in Supply Chain at the 14th ELSC Leadership Awards
  • 2022: Berger Paints India stands as Runner-Up in The Coveted ICC Water Awards 2022
  • 2022: Berger Paints Corporate Manufacturing Excellence Team wins in CII Eastern Regional Productivity Award 2022
  • 2022: Berger Paints India takes on the world and receives the International Sudomo Quality Gold Award
  • 2023: Berger Paints is pleased to achieve Rail Analysis Innovation & Excellence Summit 2023
  • 2023: Berger Paints India wins the Sustainability Leaders Award
  • 2023: Most Valuable Indian Brands 2023 by Kantar BrandZ
  • 2024: Best Chemicals Supplier for 2024 by IFB Industries as the Best Supplier in Chemicals for 2023-24.
  • 2024: CII EHS Gold Excellence Awards 2024 for Health and Safety Practices
  • 2024: Berger Paints Secures CII SHE Excellence Recognition for Large Manufacturing Setup, showcasing our commitment to safety and excellence.
  • 2024: Berger Paints Wins National Safety Award 2024 by ICC, reflecting our dedication to health, safety, and well-being at all facilities.
  • 2024: Best Innovative Product in Painting & Coatings Awards for Best Innovative Product in Painting & Coatings, showcasing our dedication to innovation, quality, and creating vibrant spaces worldwide.
  • 2024: Best Environmental Friendly Initiatives 2024, at the Global CSR, Sustainability, and ESG Awards 2024
  • 2024: Berger Paints recognized as the most admired brand at the Construction World Global Awards 2024.
  • 2024: Berger Paints wins two prestigious ISCM Awards 2024, Sectoral Supply Chain Champion – Paints and Best Supply Chain in Resilient Strategy, showcasing commitment to supply chain excellence.
  • 2024: Berger Paints’ Sandila plant wins the Energy Efficiency Kaizen Platinum Award 2024 by CII, marking a significant milestone for the company and celebrating Team Sandila’s energy efficiency excellence.
  • 2025: Green Urja and Energy Efficiency Award 2025, ICC
  • 2025: Won 18th Environmental Excellence Award in 2025 organised by ICC Gold in paint sector in Jammu.
  • 2025: Sandila won Best Energy efficient case study at 9th National Energy Efficiency Circle Competition 2025, CII, New Delhi.
Milestones
  • 1923: The journey of Berger Paints initiated with two distinct individuals starting their paint venture. In 1909, James Wilfred Adamson bought his first Oil and Colour Business, and by 1917 that spread to Canada, Rhodesia, and the Caribbean. Elsewhere an Englishman, Hadfield, set up a small paint company in 1923 in Calcutta. 
  • 1983: A new beginning marked with success and growth started with a new name, Berger Paints India Limited. By this time, Berger Paints operations were divided into two segments, the Retail Business Line (RBL) and the Industrial Business Line (IBL), to better address the needs of customers. 
  • 1991: In the year 1991, KS Dhingra, GS Dhingra, and their associates acquired the controlling stake in the company. With a new authority and stakeholders, the company aimed to enhance its ventures and build on a global reputation. 
  • 1996: With an attempt to improve customer satisfaction, Berger launched the COLOUR BANK tinting system where customers could select from over 5000 colours. 
  • 1996: Berger introduced its Quality Management System and attained the ISO - 9000 certification (1996). 
  • 2005: Berger repositioned its brand name as LEWIS BERGER along with a different design and colour scheme. 
  • 2005: Berger collaborated with a foreign subsidiary to venture into Russia. BAICL merged with Berger to manufacture decorative paints in the country. 
  • 2023: With sincere dedication and hard work, Berger Paints India has completed 100 years of existence, revolutionizing the paint industry.  
  • 2025: Inauguration of new, classy headquarters atNew Town, Kolkata on February 10, 2025.

Brands Of Berger Paints India

Brands Of Berger Paints India

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