The Company’s revenues from operations, standalone basis, for the quarter ended 31st December 2018 was INR 1460.1 Cr as against INR 1206.3 Cr in the same corresponding quarter of the last year, representing an increase of 21% year-on-year basis. Revenues for last quarter (July-Sept ’18) was INR 1330.45 Cr, registering 9.75% growth QoQ basis.

EBIDTA (excluding other income) for Oct to Dec ’18 quarter was INR 209.8 Cr versus INR 198 Cr for the same period last year, showing a 6% increase YoY.

The Company’s Net Profit for the period ended 31st December 2018 was INR 119.5 Cr as against INR 111.2 Cr in the same corresponding quarter of the last year, representing an increase of 7.4% year-on-year basis. Company’s QoQ profit grew by 16.5% (INR 102.28 Cr)

Headquartered at Kolkata, Berger Paints India Limited is the 2nd 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.

Business: With modest beginnings in India in 1923, the company are offering their customers a variety of innovative painting solutions, decorative and industrial with 10 strategically located manufacturing units and about 110 stock points. The company also has an international presence in 4 countries (Nepal, Bangladesh, Poland and Russia)

Reach: With employee strength of above 2800 and a countrywide distribution network of 25,000+ dealers, Berger Paints is acclaimed as a game changer in the sector with a vibrant portfolio of paints and tailor-made customer services in every paint segment.

License Agreements: The Company has Technical License Agreements with –

• DuPont Performance Coatings in the area of automotive coatings,
• Nippon Paint Co Ltd for new generation of automotive coatings,
• Orica Australia Pty Ltd In the area of protective coatings,
• TIGERWERK Lack-u.Farbenfabrik GmbH & C. KG, Austria for specialized powder coatings, and
• Nippon Bee Chemical Co Ltd for coating on plastic auto parts and mobile phones

Vision: To be the most admired Indian Paint & Coating Solutions Company with globally recognised competencies.

Stock Price Movement

The stock ended INR 6.65 or 2.09% higher to INR 325.40 when the market closed on Friday! During Q3 FY 2018-19, the share prices of Berger Paints India Limited has made a low of INR 260 and high of INR 345

Berger Paints on Technical Charts

The stock prices of Berger Paints (I) Ltd is trading 8% higher when compared to its 200 EMA (300) and trading marginally above when compared to its 50 EMA (319)

Average Return

The stock has given almost flat returns over the last 6 months and 25% positive returns over the last 12 months.

Berger Paints current market cap is more than INR 31500 Cr and trading at a PE ratio of 64

Also Read

Value Pick Stock for the Month January – Vadilal Industries Limited

Sundaram Finance Limited: Q3 FY 2018-19 Key Points

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Berger Paints (I) Limited: Q3 FY 2018-19 Highlights appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q1 – FY 2017-18 was bad for the India Paint sector. Click here to see Q4 Results.

For the numbers, 4 companies out of 5 able to register improvements in the Revenue in April to June quarter of 2017-18 as compared to same period last year (1 fails to do so) while only 1 company able to register growth in Profits and 4 other fails to do so.

The Common Parameters for such Dismal Performance for the Sector are

(1) an upward trend in material prices which had an impact on margins,

(2) the decorative business registered low / single-digit volume growth in the first quarter,

(3) the financials could also have been impacted due to the impact of goods and services tax (GST).

Market Leader Performance:

Market leader Asian Paints registered 5.57% growth in Revenues and 19.98% de-growth in Profits as compared to the same period last year.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 3 June 2017 was Kansai Nerolac where the company showed 11.32% increment in profit and 10.91% growth in Revenue as compared to same period last year.

Here is the Data:

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post PAINT SECTOR: Q1 ( APR – JUN ’17 ) RESULTS AND ANALYSIS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q4 was somewhat better for the Paint sector. Click here for Q3 Results.

Though India’s decorative business registered low double-digit growth in Q4, all the three paint companies posted good performance as far as revenues are concern – thanks to the good demand conditions in auto OEM and general industrial business.

As far as numbers are concern, the profits of 2 companies were up in the range of 10% to 18%, while revenues were up for all the in the range between 7% to 10%.

Market leader Asian Paints and Akzo Nobel has posted a good set of numbers both in profits as well as revenues, while Kansai Nerolac posted a decline in profits and marginally increment in revenues.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 31 March 2017 was “Kansai Nerolac” where the company showed 18.13% increment in profit and 9.78% growth in Revenue as compared to same period last year.

Here is the Data:

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post PAINT SECTOR: Q4 ( JAN – MAR ’17 ) RESULTS AND ANALYSIS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.