Berger Paints India Ltd - Safe Buy

CMP : 110


Berger Paints India Limited manufactures and distributes paints, enamels, varnishes, and synthetic resins. The Company's products are used in home, office, factory, interiors, exteriors, metal, wood, plastic, and others.

Berger paints trades at a P/E of 29 little less than its peers Asian Paints and Nerolac. Revenues and PAT have grown steadily and is expected to continue. Its low on NPM compared to its peers and is an area where they can improve. Buy and accumulate on dips of 10%.