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Is Berger Paints India the Best Stock in Its Sector? A Look at the Numbers

  • October 13, 2026
  • Posted by: Ankit Jaiswal
  • Category: Market
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Is Berger Paints India the Best Stock in Its Sector? A Look at the Numbers

Berger Paints India CMP Rs 470 (13 Oct 2026). Market cap Rs 54,726 Cr. ROE 16.29%. P/E 44.91x versus Industry P/E 42.81x.

Quick Answer

Berger Paints India is one of the names investors compare when screening the Chemicals sector, built on a 16.29% return on equity and a P/E of 44.91x against an Industry P/E of 42.81x. Whether Berger Paints India is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Chemicals sector peers, so you can judge that for yourself.

Is Berger Paints India the best stock in its sector? The stock trades on the NSE at Rs 470 as of 13 October 2026, within its 52-week range of Rs 391.10 to Rs 594.55. Berger Paints India Ltd, headquartered in Kolkata, is one of India’s leading paint companies, selling decorative and industrial paints.

Berger Paints India sits in the Chemicals sector, and its 16.29% ROE and 44.91x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector’s Industry P/E benchmark.

Also read – Is Abbott India the Best Stock in Its Sector? A Look at the Numbers

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Table of Contents

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  • About Berger Paints India
  • Is Berger Paints India the Best Stock in Its Sector?
  • How Berger Paints India Compares Against Its Chemicals Sector Peers
  • What Makes Berger Paints India Worth Watching in Chemicals
  • Berger Paints India Valuation: Is It Justified?
  • How to Track Berger Paints India Before You Invest
  • Conclusion
    • Is Berger Paints India the best stock in its sector?
    • What is the current share price of Berger Paints India?
    • What sector does Berger Paints India belong to?
    • How does Berger Paints India compare to its sector peers on P/E?
    • What is Berger Paints India’s return on equity?
    • Should I invest in Berger Paints India based on its sector position?

About Berger Paints India

Berger Paints India Ltd, headquartered in Kolkata, is one of India’s leading paint companies, selling decorative and industrial paints. Decorative paints are its largest category, with industrial coatings alongside. The stock trades about 21 percent below its 52-week high and about 20 percent above its 52-week low. At a market capitalisation of Rs 54,726 Cr, it is tracked as part of the Chemicals sector on Univest.

Is Berger Paints India the Best Stock in Its Sector?

Berger Paints’ case rests on steady returns and a light balance sheet rather than on cheap valuation, with a 16.29% ROE. Berger Paints’ 44.91x P/E is slightly above the 42.81x Industry P/E, with a 16.29% ROE that is lower than Asian Paints at 20.24% but higher than Kansai Nerolac at 8.78%.

Metric Berger Paints India
CMP (NSE) Rs 470.20
52-Week High / Low Rs 594.55 / Rs 391.10
Market Cap Rs 54,726 Cr
P/E (TTM) vs Industry P/E 44.91x vs 42.81x
P/B 7.91
ROE 16.29%
EPS (TTM) Rs 10.45
Dividend Yield 0.85%
Debt to Equity 0.09

Compare Berger Paints India Against Other Chemicals Sector Stocks

How Berger Paints India Compares Against Its Chemicals Sector Peers

The table below sets Berger Paints India against 2 other Chemicals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company Market Cap (Rs Cr) P/E ROE Debt to Equity
Berger Paints India 54,726 44.91 16.29% 0.09
Asian Paints 2,23,973 46.30 20.24% 0.18
Kansai Nerolac Paints 14,406 24.46 8.78% 0.05
Peer average (2 companies) – 35.38 14.51% 0.11

Against this peer set, Berger Paints India’s 16.29% ROE is above the 14.51% peer average, and its P/E of 44.91x runs above the peer average of 35.38x. Berger Paints’ 44.91x P/E is slightly above the 42.81x Industry P/E, with a 16.29% ROE that is lower than Asian Paints at 20.24% but higher than Kansai Nerolac at 8.78%.

What Makes Berger Paints India Worth Watching in Chemicals

  • Mid-pack returns: A 16.29% ROE sits between Kansai Nerolac at 8.78% and Asian Paints at 20.24%.
  • Light balance sheet: A debt to equity ratio of 0.09 leaves the company with little financial risk from borrowing.
  • Premium valuation: A 44.91x P/E is above the 42.81x Industry P/E, though below Asian Paints at 46.30x.

Berger Paints India Valuation: Is It Justified?

Berger Paints’ 44.91x P/E is slightly above the 42.81x Industry P/E, with a 16.29% ROE that is lower than Asian Paints at 20.24% but higher than Kansai Nerolac at 8.78%. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is Bharat Electronics the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track Berger Paints India and other Chemicals sector stocks.

How to Track Berger Paints India Before You Invest

Before deciding whether Berger Paints India deserves its label as the best stock in its sector for your own portfolio, compare it directly against Chemicals sector peers using the steps below.

  1. Open the Univest Screener and search for Berger Paints India to view live price, valuation ratios, and peer comparisons within the Chemicals sector.
  2. Compare its P/E, P/B, and ROE against other Chemicals sector stocks before deciding if the current valuation fits your strategy.
  3. Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
  4. Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Berger Paints India earns a place in the best stock in its sector conversation on the strength of a 16.29% ROE and a P/E of 44.91x against a 42.81x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Is Berger Paints India the best stock in its sector?

Ans. Berger Paints India has a 16.29% ROE and trades at 44.91x P/E against a 42.81x Industry P/E, and compares above the peer average ROE of 14.51% in this article’s named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Berger Paints India?

Ans. Berger Paints India was trading at Rs 470.20 on the NSE as of 13 October 2026, within its 52-week range of Rs 391.10 to Rs 594.55.

What sector does Berger Paints India belong to?

Ans. Berger Paints India is classified under the Chemicals sector on Univest.

How does Berger Paints India compare to its sector peers on P/E?

Ans. Berger Paints India’s P/E of 44.91x is above the 35.38x average of the 2 named peers compared in this article.

What is Berger Paints India’s return on equity?

Ans. Berger Paints India reported a return on equity of 16.29%, which is above the 14.51% average of its named peers in this comparison.

Should I invest in Berger Paints India based on its sector position?

Ans. Berger Paints India’s sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.

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Author: Ankit Jaiswal
Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.

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