Case study

BERGEPAINT

Berger Paints India Limited

Mixed signals1y model +7.5%

Each stock's 10,000-path forecast, rendered as light.

53Score

Berger Paints India Limited (BERGEPAINT) Stock Analysis & Case Study

Is BERGEPAINT a good buy? The data-driven verdict.

Berger Paints India Limited (BERGEPAINT) trades at ₹531,on the numbers it mixed signals, a Downstox Snapshot Score of 53/100.

On the numbers, Berger Paints India Limited (BERGEPAINT) mixed signals, a Downstox Snapshot Score of 53/100, weighing expensive at 50.4× earnings, ROE of 17.3%, a 61% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

BERGEPAINT fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹61,862 Cr
Current price
₹531
P/E ratio
50.4×
P/B ratio
8.95×
Book value
₹59
Dividend yield
0.75%
ROCE
21.6%
ROE
17.3%
Piotroski F-Score
6/8

How BERGEPAINT ranks against the 2,374 companies in our screener

Is BERGEPAINT overvalued? BERGEPAINT P/E vs its Consumer

BERGEPAINT's P/E of 50.4× sits below the Consumer peer median of 54.4×, so on earnings it screens in line with peers, while its 0.75% dividend yield is above the peer median of 0.75%.

BERGEPAINT P/E
50.4×
Peer median P/E
54.4×
BERGEPAINT div yield
0.75%
Peer median yield
0.75%

BERGEPAINT share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of BERGEPAINT history (11%/yr drift, 27%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
BERGEPAINT 2027₹414₹583₹820+8%
BERGEPAINT 2028₹383₹627₹1,027+16%
BERGEPAINT 2029₹369₹674₹1,230+24%
BERGEPAINT 2030₹366₹725₹1,435+34%
BERGEPAINT 2031₹368₹779₹1,651+44%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability BERGEPAINT goes up, or doubles?

61%
Higher in 1 year
Modelled chance the price is above today in 12 months
73%
Higher in 5 years
Modelled chance the price is above today in 5 years
29%
Doubles in 5 years
Modelled chance of reaching ₹1,084 within 5 years

The bull case for BERGEPAINT

  • BERGEPAINT's return on equity of 17.3% ranks in the 78th percentile of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
  • BERGEPAINT's return on capital employed of 21.6% ranks in the 83rd percentile of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
  • A 10,000-path probability model puts a 61% chance the price is higher in a year, with a median target of ₹583 (+8%).
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,230.

The bear case & risks

  • BERGEPAINT's P/E of 51.5x is lower than 26% of the 2,374 NSE companies in our screener, as of 10 Aug 2026.
  • A steep 8.9× price-to-book means most of the value is intangible/expectations, not assets on the books.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹369.

BERGEPAINT volatility & expected range, how bumpy is the ride?

Over the last 9.8 years BERGEPAINT compounded at 11%/year with annualized volatility of 27%. That volatility implies a 1-year 80% range of ₹414-₹820, the honest backbone behind any single price target.

BERGEPAINT price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
7.5%
80% range₹414-₹820
P(price ↑)61%
P(price 2×)1%
3-Year Forecast
2029
₹0
Median (P50)
24.4%
80% range₹369-₹1,230
P(price ↑)68%
P(price 2×)15%
5-Year Forecast
2031
₹0
Median (P50)
43.8%
80% range₹368-₹1,651
P(price ↑)73%
P(price 2×)29%

BERGEPAINT price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
BERGEPAINT simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds BERGEPAINT hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the BERGEPAINT price target & forecast page.

BERGEPAINT Piotroski F-Score: 6/8, how financially strong is it?

6/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. BERGEPAINT scores 6/8, mixed financial health.

BERGEPAINT MTF margin & leverage across 10 brokers

Margin Trading Facility lets you buy BERGEPAINT with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox28.81%3.5×
Zerodha28.80%3.5×
Groww28.82%3.5×
Dhan28.80%3.5×
Kotak Neo30.03%3.3×
Paytm Money29.01%3.4×
Pocketful28.82%3.5×
Anand Rathi28.80%3.5×
Bajaj Broking30.00%3.3×
Share IndiaCHEAPEST28.79%3.5×

Compare every broker on the BERGEPAINT MTF page.

BERGEPAINT vs peers,Consumer comparison

StockP/EDiv yieldMarket cap
BERGEPAINT (this stock)50.4×0.75%₹61,862 Cr
ASIANPAINT54.4×1.00%₹2.65L Cr
TITAN77.4×0.29%₹4.52L Cr
HAVELLS48.5×0.78%₹80,773 Cr
PAGEIND54.5×1.42%₹43,073 Cr
KALYANKJIL42.1×0.25%₹61,615 Cr
BLUESTARCO58.6×0.56%₹30,986 Cr

Fundamentals from Screener.in, as of 10 Aug 2026

About Berger Paints India Limited: sector, index & market-cap context

Berger Paints India Limited (BERGEPAINT) is a mid-cap NSE-listed company in the Consumer sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹61,862 Cr. See more stocks on our screener.

How the BERGEPAINT Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Berger Paints India Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

BERGEPAINT analysis, FAQs

Is Berger Paints India Limited (BERGEPAINT) a good buy?

On the numbers, Berger Paints India Limited (BERGEPAINT) mixed signals, a Downstox Snapshot Score of 53/100, weighing expensive at 50.4× earnings, ROE of 17.3%, a 61% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is BERGEPAINT overvalued or undervalued?

BERGEPAINT trades at 50.4× earnings versus a peer median of 54.4×, so it screens cheaper than its Consumer peers.

What is the BERGEPAINT share price target for 2031?

BERGEPAINT's probability-weighted 2031 median target is ₹779, with an 80% range of ₹368-₹1,651 (10,000-path Monte-Carlo).

What is the probability BERGEPAINT doubles in 5 years?

The modelled probability of BERGEPAINT reaching ₹1,084 (2×) within 5 years is 29%.

What is the bull case for BERGEPAINT?

BERGEPAINT's return on equity of 17.3% ranks in the 78th percentile of the 2,374 NSE companies in our screener, as of 10 Aug 2026. BERGEPAINT's return on capital employed of 21.6% ranks in the 83rd percentile of the 2,374 NSE companies in our screener, as of 10 Aug 2026. A 10,000-path probability model puts a 61% chance the price is higher in a year, with a median target of ₹583 (+8%).

What are the risks in BERGEPAINT?

BERGEPAINT's P/E of 51.5x is lower than 26% of the 2,374 NSE companies in our screener, as of 10 Aug 2026. A steep 8.9× price-to-book means most of the value is intangible/expectations, not assets on the books.

More on BERGEPAINT