Berger Paints Share Price: Share price of Berger Paints falls as Sensex drops 302.1 points

The share price of Berger Paints (India) Ltd. dropped 1.69 per cent to Rs 582.3 at 01:55PM (IST) in Tuesday’s trade. The stock has hit a high of Rs 594.0 and low of Rs 579.75 so far during the session. The stock had closed at Rs 592.3 in the previous session.

The counter has had a total traded volume of 13531 shares so far with a value of Rs 0.79 crore on the NSE. It traded at a price-to-earnings multiple of 67.81 and a price-to-book ratio of 17.31.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.

The scrip declined 30.68 per cent during the past one year, while the 30-share index advanced 3.25 per cent during the same period.

(India) Ltd. belongs to the Paints/Varnishes industry.

Promotor/FII Holding

Promoters held 60.51 per cent stake in the company as of 31-Mar-2022, while FIIs and domestic institutional investors ownership stood at 11.28 per cent and 0.86 per cent, respectively.

Key Financials

The company reported consolidated sales of Rs 2206.63 crore for the quarter ended 31-Mar-2022, down 14.01 per cent from the previous quarter’s Rs 2566.22 crore and down 8.11 per cent from the year-ago quarter’s Rs 2041.09 crore.

Profit for the latest quarter stood at Rs 220.66 crore, up 5.79 per cent from the same quarter a year ago.