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Buy Berger Paints, price target Rs 525: Jay Thakkar

The analyst suggested a stoploss at Rs 487.

ETMarkets.com|
Updated: Dec 09, 2019, 12.20 PM IST
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Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 48595.33 Crore) operating in Building Materials sector.
Jay Thakkar of Anand Rathi has a buy call on Berger Paints (India) Ltd. with a target price of Rs 525.0 . The current price of Berger Paints (India) Ltd. is Rs 505.15 . Jay Thakkar recommended to keep a stoploss at Rs 487 .

Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 48595.33 Crore) operating in Building Materials sector.

Berger Paints (India) Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes which contributed Rs 5457.05 Crore to Sales Value (98.93 % of Total Sales), Other Operating Revenue which contributed Rs 44.36 Crore to Sales Value (0.80 % of Total Sales), Scrap which contributed Rs 10.79 Crore to Sales Value (0.19 % of Total Sales) and Contract Revenue which contributed Rs 3.35 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 1716.53 Crore, up 16.60 % from last quarter Sales of Rs 1472.09 Crore and up 15.75 % from last year same quarter Sales of Rs 1483.01 Crore Company has reported net profit after tax of Rs 176.53 Crore in latest quarter.

The company’s top management includes Mr.Abhijit Roy, Mr.Anoop Hoon, Mr.Gurbachan Singh Dhingra, Mr.Kamal Ranjan Das, Mr.Kanwardip Singh Dhingra, Mr.Kuldip Singh Dhingra, Mr.Naresh Gujral, Mr.Pulak Chandan Prasad, Mrs.Rishma Kaur, Mrs.Sonu Bhasin. Company has S R Batliboi & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 971,129,711 shares outstanding.

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