Berger Paints is the second largest player in the domestic decorative paints industry. It has 11 manufacturing facilities which is spread across India and abroad. The company holds a sustained performance with 5 years CAGR of 10.2% in revenues and 14.5% in profit.Debt-equity ratio has been brought down to 0.2x in FY19 from 0.6x in FY14. It also delivers strong ROE of 21.3% and trades at 13.4x of its book value. The company also pays attractive dividend averaging to 35%. Hence, BUY.
| CMP | NA |
|---|---|
| Target Price | NA |
| Investment Period | 12 Months |
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
We expect the Union Budget 2022-23 will focus on gradual fiscal consolidation though there
Post the Covid-19 pandemic there are expectations that the budget would contain measures t
Size of economic stimulus announced is below market expectations
 The Finance minister
Focus on agriculture and MSME sector along expected lines
 The Finance minister has an
Johnson Contls-Hitachi Air Conditioning India is engaged in the business of
 manufactu
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
We expect the Union Budget 2022-23 will focus on gradual fiscal consolidation though there
Post the Covid-19 pandemic there are expectations that the budget would contain measures t
Size of economic stimulus announced is below market expectations
 The Finance minister
Focus on agriculture and MSME sector along expected lines
 The Finance minister has an
Johnson Contls-Hitachi Air Conditioning India is engaged in the business of
 manufactu
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than
The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD
We expect the Union Budget 2022-23 will focus on gradual fiscal consolidation though there
Post the Covid-19 pandemic there are expectations that the budget would contain measures t
Size of economic stimulus announced is below market expectations
 The Finance minister
Focus on agriculture and MSME sector along expected lines
 The Finance minister has an
Johnson Contls-Hitachi Air Conditioning India is engaged in the business of
 manufactu
