Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Berger Paints India Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,444 | 3,030 | 2,767 | 2,882 | 2,520 | 3,091 | 2,775 | 2,975 | 2,704 | 3,201 | 2,827 | 2,984 | 2,868 |
| Expenses + | 2,097 | 2,473 | 2,294 | 2,402 | 2,169 | 2,569 | 2,340 | 2,503 | 2,276 | 2,672 | 2,475 | 2,513 | 2,386 |
| Operating Profit | 347 | 557 | 474 | 480 | 351 | 522 | 434 | 472 | 428 | 528 | 352 | 471 | 482 |
| OPM % | 14% | 18% | 17% | 17% | 14% | 17% | 16% | 16% | 16% | 17% | 12% | 16% | 17% |
| Other Income + | 15 | 17 | 19 | 20 | 48 | 46 | 30 | 27 | 26 | 3 | 37 | -5 | 69 |
| Interest | 29 | 20 | 21 | 20 | 18 | 15 | 17 | 16 | 15 | 14 | 17 | 14 | 12 |
| Depreciation | 74 | 78 | 83 | 83 | 87 | 87 | 89 | 89 | 89 | 94 | 97 | 100 | 101 |
| Profit before tax | 258 | 476 | 389 | 398 | 294 | 466 | 358 | 394 | 350 | 423 | 275 | 352 | 438 |
| Tax % | 28% | 25% | 25% | 25% | 24% | 24% | 25% | 25% | 25% | 25% | 25% | 23% | 24% |
| Net Profit + | 186 | 355 | 292 | 300 | 223 | 354 | 270 | 296 | 263 | 315 | 206 | 271 | 335 |
| EPS in Rs | 1.59 | 3.04 | 2.50 | 2.57 | 1.91 | 3.03 | 2.31 | 2.53 | 2.25 | 2.70 | 1.77 | 2.33 | 2.87 |
Financials of Berger Paints India Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 4,170 | 4,223 | 4,552 | 5,166 | 6,062 | 6,366 | 6,818 | 8,762 | 10,568 | 11,199 | 11,545 | 11,880 |
| Expenses + | 3,659 | 3,578 | 3,833 | 4,359 | 5,127 | 5,313 | 5,635 | 7,431 | 9,090 | 9,338 | 9,688 | 10,047 |
| Operating Profit | 511 | 645 | 719 | 807 | 935 | 1,053 | 1,182 | 1,331 | 1,478 | 1,861 | 1,856 | 1,833 |
| OPM % | 12% | 15% | 16% | 16% | 15% | 17% | 17% | 15% | 14% | 17% | 16% | 15% |
| Other Income + | 36 | 40 | 108 | 46 | 60 | 69 | 51 | 68 | 48 | 105 | 129 | 104 |
| Interest | 50 | 27 | 16 | 25 | 47 | 47 | 44 | 51 | 99 | 78 | 63 | 58 |
| Depreciation | 92 | 99 | 108 | 124 | 182 | 191 | 211 | 227 | 264 | 331 | 354 | 392 |
| Profit before tax | 404 | 559 | 703 | 705 | 765 | 883 | 979 | 1,122 | 1,162 | 1,557 | 1,568 | 1,488 |
| Tax % | 34% | 34% | 33% | 35% | 35% | 26% | 26% | 26% | 26% | 25% | 25% | 24% |
| Net Profit + | 265 | 371 | 474 | 461 | 494 | 656 | 720 | 833 | 860 | 1,170 | 1,183 | 1,128 |
| EPS in Rs | 2.27 | 3.18 | 4.07 | 3.95 | 4.24 | 5.64 | 6.17 | 7.14 | 7.37 | 10.02 | 10.12 | 9.66 |
| Dividend Payout % | 33% | 31% | 36% | 38% | 37% | 32% | 38% | 36% | 36% | 35% | 38% | 41% |
Financials of Berger Paints India Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 69 | 69 | 97 | 97 | 97 | 97 | 97 | 97 | 97 | 117 | 117 | 117 |
| Reserves | 1,191 | 1,493 | 1,804 | 2,097 | 2,347 | 2,563 | 3,280 | 3,830 | 4,397 | 5,262 | 6,038 | 6,800 |
| Borrowings + | 610 | 354 | 406 | 422 | 753 | 767 | 634 | 1,014 | 1,189 | 753 | 670 | 635 |
| Other Liabilities + | 846 | 960 | 1,132 | 1,326 | 1,360 | 1,472 | 1,907 | 2,271 | 2,283 | 2,236 | 2,300 | 2,506 |
| Total Liabilities | 2,716 | 2,877 | 3,440 | 3,943 | 4,557 | 4,900 | 5,918 | 7,211 | 7,966 | 8,368 | 9,125 | 10,057 |
| Fixed Assets + | 931 | 963 | 1,136 | 1,267 | 1,583 | 1,916 | 2,044 | 2,187 | 3,332 | 3,500 | 3,677 | 3,842 |
| CWIP | 100 | 51 | 62 | 97 | 170 | 178 | 107 | 606 | 111 | 189 | 125 | 316 |
| Investments | 134 | 348 | 472 | 333 | 395 | 315 | 356 | 234 | 183 | 255 | 533 | 1,189 |
| Other Assets + | 1,550 | 1,515 | 1,769 | 2,245 | 2,409 | 2,490 | 3,411 | 4,185 | 4,341 | 4,424 | 4,790 | 4,711 |
| Total Assets | 2,716 | 2,877 | 3,440 | 3,943 | 4,557 | 4,900 | 5,918 | 7,211 | 7,966 | 8,368 | 9,125 | 10,057 |
Financials of Berger Paints India Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 414 | 595 | 394 | 422 | 611 | 725 | 796 | 566 | 976 | 1,591 | 1,269 | 1,540 |
| Cash from Investing Activity + | -184 | -259 | -308 | -183 | -379 | -223 | -457 | -521 | -600 | -398 | -650 | -976 |
| Cash from Financing Activity + | -198 | -368 | -82 | -200 | -259 | -479 | -282 | -78 | -363 | -1,069 | -606 | -613 |
| Net Cash Flow | 32 | -32 | 4 | 38 | -27 | 22 | 57 | -33 | 13 | 124 | 14 | -49 |
| Free Cash Flow | 254 | 477 | 130 | 132 | 320 | 294 | 611 | -193 | 232 | 1,321 | 845 | 1,037 |
| CFO/OP | 105% | 120% | 85% | 87% | 91% | 94% | 89% | 65% | 87% | 104% | 89% | 102% |
Financials of Berger Paints India Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47 | 47 | 46 | 49 | 40 | 41 | 55 | 44 | 43 | 42 | 49 | 48 |
| Inventory Days | 104 | 108 | 153 | 140 | 138 | 142 | 174 | 178 | 142 | 134 | 143 | 128 |
| Days Payable | 81 | 99 | 124 | 133 | 112 | 118 | 161 | 139 | 108 | 103 | 105 | 93 |
| Cash Conversion Cycle | 70 | 56 | 75 | 56 | 67 | 65 | 67 | 83 | 77 | 73 | 86 | 83 |
| Working Capital Days | 17 | 26 | 33 | 37 | 31 | 28 | 43 | 34 | 31 | 46 | 53 | 79 |
| ROCE % | 25% | 30% | 31% | 29% | 27% | 28% | 27% | 26% | 24% | 28% | 25% | 22% |