
- Berger Paints’ net income for the third quarter was 2.95 billion rupees, a slight decrease of 1.7% compared to the previous year.
- Net income surpassed market estimates, which were projected at 2.91 billion rupees.
- The companyβs revenue increased by 3.5% year-over-year, reaching 29.8 billion rupees, above the estimated 29.28 billion rupees.
- Total costs for the quarter rose by 4.4% year-over-year, amounting to 26.1 billion rupees.
- EBITDA was recorded at 4.71 billion rupees, reflecting a decrease of 1.9% from the previous year but above the estimated 4.67 billion rupees.
- Market analysts have mixed opinions on Berger Paintsβ stock, with 7 buy ratings, 4 hold ratings, and 12 sell ratings.
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Berger Paints India on Smartkarma
Analysts on Smartkarma, such as Brian Freitas, are closely monitoring the developments surrounding Berger Paints India. In a recent report titled “NIFTY100 Low Volatility 30 Index Rebalance Preview: 4 Changes as Review Cutoff Nears,” Brian highlighted potential constituent changes, volatility adjustments, and capping modifications that could lead to significant turnover in the Nifty100 Low Vol30 index. With an estimated round-trip trade value of INR 14.4bn (US$172m), the impending adjustments are expected to impact the index composition and trading activities. Three out of the four potential deletions may trigger sell flows from the NSE Nifty Next 50 Index and Nifty 100 Index trackers, adding further complexity to the market dynamics.
A look at Berger Paints India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores analysis, Berger Paints India shows a promising long-term outlook. With a solid score of 4 for both Dividend and Resilience, the company demonstrates a strong performance in providing returns to its shareholders and weathering market challenges effectively. The Growth score of 3 indicates a moderate but stable trajectory for the company’s expansion potential. However, with Value and Momentum scores at 2, there seems to be room for improvement in terms of the company’s valuation and market sentiment.
Berger Paints India Limited, a company specializing in paints, enamels, varnishes, and synthetic resins, caters to a wide range of sectors including home, office, factory, and various surfaces. With a diversified product portfolio and favorable scores in Dividend and Resilience, Berger Paints India could be a strong contender for long-term investment opportunities, although considerations around valuation and market momentum should be taken into account.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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