3 Leading Paint Maker, Plywood and Laminates Brand and Northern India Cement Producer Stocks With a Strong Future Roadmap: Berger Paints India, Century Plyboards (India) and JK Lakshmi Cement

Berger Paints India, Century Plyboards (India) and JK Lakshmi Cement: ROE of 10.1% to 16.3% and FY22 to FY26 revenue CAGR of 5.8% to 15.4%. Prices as of 23 Oct 2026.

Updated: 26 Oct 2026 • 11:43 am

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The three paint, plywood and cement company stocks to watch are Berger Paints India, Century Plyboards (India) and JK Lakshmi Cement. Their return on equity ranges from 10.1% to 16.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 15.4%. Berger Paints India has the highest return on equity at 16.3%, while Century Plyboards (India) has the fastest revenue growth at 15.4% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.

Paint, plywood and cement company stocks bring together companies with a visible plan for the years ahead. Berger Paints India, Century Plyboards (India) and JK Lakshmi Cement cover a leading paint maker, a plywood and laminates brand and a northern India cement producer.

This list covers three paint, plywood and cement company stocks with complete current figures: Berger Paints India, Century Plyboards (India) and JK Lakshmi Cement. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Paint, Plywood and Cement Company Stocks?

Paint, plywood and cement company stocks are listed building products companies that make paints, plywood and laminates, and cement. Their earnings depend on housing demand, renovation activity, pricing and input costs.

Paint, Plywood and Cement Company Stocks at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
Berger Paints India	466.35	54,785	45.0	42.6	16.3	0.09
Century Plyboards (India)	634.3	14,715	49.3	36.3	10.1	0.68
JK Lakshmi Cement	475.8	6,094	16.4	29.1	10.6	0.67

On valuation, JK Lakshmi Cement trades at a P/E below the industry P/E, while Berger Paints India and Century Plyboards (India) trade above it, which reflects the growth the market already expects. Readers comparing paint, plywood and cement company stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Paint, Plywood and Cement Company Stocks Have a Strong Roadmap in India?

Paint, plywood and cement company stocks have a strong roadmap in India because new homes, renovation spending and a move to branded building materials keep lifting demand for finishing and construction products.

Housing demand. New homes need paints, boards and cement.
Renovation. Households refresh homes more often.
Branded products. Buyers choose trusted names for quality.

Why Berger Paints India Features Among These Paint, Plywood and Cement Company Stocks

Among the paint, plywood and cement company stocks on this list, Berger Paints India is a leading paint maker with decorative, industrial and protective coatings, selling through a wide dealer network across India and in select overseas markets.

The company has a return on equity of 16.3%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 54,785 crore. The stock trades at a P/E of 45.0, above the industry P/E of 42.6.

Revenue rose from Rs 8,826 crore in FY22 to Rs 11,987 crore in FY26, a compound annual growth rate of 8.0%. Net profit grew from Rs 833 crore in FY22 to Rs 1,128 crore in FY26, which works out to a compound annual growth rate of 7.9%. In the June 2026 quarter, revenue grew 12.2% year on year to Rs 3,623 crore, while net profit rose 28.6% to Rs 405 crore.

Roadmap: The company is expanding capacity and its dealer reach while adding home improvement and waterproofing products. Housing demand and repainting cycles support steady volumes.

What to watch: Track volume growth, new capacity and input costs.

Why Century Plyboards (India) Features Among These Paint, Plywood and Cement Company Stocks

Among the paint and board company shares on this list, Century Plyboards (India) is a leading maker of plywood, laminates, medium density fibreboard, particle board and doors, sold under the CenturyPly and Century Laminates brands.

Revenue rose from Rs 3,050 crore in FY22 to Rs 5,407 crore in FY26, a compound annual growth rate of 15.4%. Net profit grew from Rs 186 crore in FY25 to Rs 268 crore in FY26, a rise of 44.2%.

In the June 2026 quarter, revenue grew 33.5% year on year to Rs 1,564 crore, while net profit rose 57.4% to Rs 83.3 crore. The company has a return on equity of 10.1%, a debt to equity ratio of 0.68 and a market capitalisation of Rs 14,715 crore. The stock trades at a P/E of 49.3, above the industry P/E of 36.3.

Roadmap: Rising housing and furniture demand and a shift from unorganised to branded products support volumes across its wood panel range. Capacity added in laminates and fibreboard widens its reach in premium and mid-priced segments.

What to watch: Monitor volume growth in laminates and fibreboard and the utilisation of new plants.

Why JK Lakshmi Cement Features Among These Paint, Plywood and Cement Company Stocks

Among the three companies on this list, JK Lakshmi Cement makes grey cement and ready-mix concrete for customers in northern and western India, selling mainly through a strong dealer network under the JK Lakshmi brand.

In the June 2026 quarter, revenue grew 8.9% year on year to Rs 1,920 crore. Revenue rose from Rs 5,488 crore in FY22 to Rs 6,875 crore in FY26, a compound annual growth rate of 5.8%.

Net profit grew from Rs 276 crore in FY25 to Rs 413 crore in FY26, a rise of 49.5%. The company has a return on equity of 10.6%, a debt to equity ratio of 0.67 and a market capitalisation of Rs 6,094 crore. The stock trades at a P/E of 16.4, below the industry P/E of 29.1.

Roadmap: The company is adding cement and clinker capacity in the markets it serves and extending its reach through dealers. Housing and infrastructure projects in its home markets support volume growth.

What to watch: Check capacity expansion progress and volume growth in core regions.

Berger Paints India vs Century Plyboards (India) vs JK Lakshmi Cement on Key Financials

The table below sets the three paint, plywood and cement company stocks side by side on revenue, profit and margin, using reported figures.

Company	FY22 Revenue (Rs Cr)	FY26 Revenue (Rs Cr)	Revenue CAGR (FY22-FY26)	FY26 Net Profit (Rs Cr)	FY26 Net Margin
Berger Paints India	8,826	11,987	8.0%	1,128	9.4%
Century Plyboards (India)	3,050	5,407	15.4%	268	5.0%
JK Lakshmi Cement	5,488	6,875	5.8%	413	6.0%

Berger Paints India posts the highest return on equity in this group at 16.3%. Berger Paints India has the largest FY26 revenue at Rs 11,987 crore, and Century Plyboards (India) shows the fastest revenue growth with a 15.4% compound annual rate. A useful habit with paint, plywood and cement company stocks is to check each new quarterly result against the capacity plans the company described earlier.

The June 2026 quarter, the latest reported, gives a fresh read on momentum:

Company	Q1 FY26 Revenue (Rs Cr)	Q1 FY27 Revenue (Rs Cr)	Year-on-Year Growth
Berger Paints India	3,229	3,623	12.2%
Century Plyboards (India)	1,171	1,564	33.5%
JK Lakshmi Cement	1,763	1,920	8.9%

Key Risks to Check Before Investing in Paint, Plywood and Cement Company Stocks

Every theme carries risks that deserve a check before any decision. For these paint, plywood and cement company stocks, the main points are: Long-term paint and board company shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

Input costs. Crude-linked inputs, timber and fuel affect margins.
Competition. Many brands compete for dealers.
Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.

Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.

Use the Univest Stock Screener to filter paint, plywood and cement company stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Paint, Plywood and Cement Company Stocks

Paint, plywood and cement company stocks suit investors who prefer to study business strength before price moves. Berger Paints India, Century Plyboards (India) and JK Lakshmi Cement each have a clear plan to grow. Based on the 23 October 2026 close, Berger Paints India trades at Rs 466.35, Century Plyboards (India) at Rs 634.3 and JK Lakshmi Cement at Rs 475.8. Valuation matters as much as growth, so compare each company's P/E with its industry P/E before adding any of these paint, plywood and cement company stocks to a watchlist.

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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).

What are paint, plywood and cement company stocks?

Ans. Paint, plywood and cement company stocks are listed building products companies that make paints, plywood and laminates, and cement. Their earnings depend on housing demand, renovation activity, pricing and input costs. This list looks at three of them, Berger Paints India, Century Plyboards (India) and JK Lakshmi Cement, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.

Which paint, plywood and cement company stocks are covered in this list?

Ans. This list covers Berger Paints India, Century Plyboards (India) and JK Lakshmi Cement. Based on the 23 October 2026 close, Berger Paints India traded at Rs 466.35, Century Plyboards (India) at Rs 634.3 and JK Lakshmi Cement at Rs 475.8. Their return on equity ranges from 10.1% to 16.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.8% to 15.4%.

Why do paint, plywood and cement company stocks have a strong future roadmap in India?

Ans. Paint, plywood and cement company stocks have a strong roadmap in India because new homes, renovation spending and a move to branded building materials keep lifting demand for finishing and construction products. The main drivers are as follows. Housing demand. New homes need paints, boards and cement. Renovation. Households refresh homes more often. Branded products. Buyers choose trusted names for quality. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Berger Paints India performed financially?

Ans. Revenue rose from Rs 8,826 crore in FY22 to Rs 11,987 crore in FY26, a compound annual growth rate of 8.0%. Net profit grew from Rs 833 crore in FY22 to Rs 1,128 crore in FY26, which works out to a compound annual growth rate of 7.9%. In the June 2026 quarter, revenue grew 12.2% year on year to Rs 3,623 crore, while net profit rose 28.6% to Rs 405 crore. The company has a return on equity of 16.3%, a debt to equity ratio of 0.09 and a market capitalisation of Rs 54,785 crore. The stock trades at a P/E of 45.0, above the industry P/E of 42.6. Looking ahead, the company is expanding capacity and its dealer reach while adding home improvement and waterproofing products. Housing demand and repainting cycles support steady volumes.

How has Century Plyboards (India) performed financially?

Ans. Revenue rose from Rs 3,050 crore in FY22 to Rs 5,407 crore in FY26, a compound annual growth rate of 15.4%. Net profit grew from Rs 186 crore in FY25 to Rs 268 crore in FY26, a rise of 44.2%. In the June 2026 quarter, revenue grew 33.5% year on year to Rs 1,564 crore, while net profit rose 57.4% to Rs 83.3 crore. The company has a return on equity of 10.1%, a debt to equity ratio of 0.68 and a market capitalisation of Rs 14,715 crore. The stock trades at a P/E of 49.3, above the industry P/E of 36.3. Looking ahead, rising housing and furniture demand and a shift from unorganised to branded products support volumes across its wood panel range. Capacity added in laminates and fibreboard widens its reach in premium and mid-priced segments.

How has JK Lakshmi Cement performed financially?

Ans. Revenue rose from Rs 5,488 crore in FY22 to Rs 6,875 crore in FY26, a compound annual growth rate of 5.8%. Net profit grew from Rs 276 crore in FY25 to Rs 413 crore in FY26, a rise of 49.5%. In the June 2026 quarter, revenue grew 8.9% year on year to Rs 1,920 crore. The company has a return on equity of 10.6%, a debt to equity ratio of 0.67 and a market capitalisation of Rs 6,094 crore. The stock trades at a P/E of 16.4, below the industry P/E of 29.1. Looking ahead, the company is adding cement and clinker capacity in the markets it serves and extending its reach through dealers. Housing and infrastructure projects in its home markets support volume growth.

What risks should investors check before buying paint, plywood and cement company stocks?

Ans. Investors should check a few risks before buying paint, plywood and cement company stocks. Input costs. Crude-linked inputs, timber and fuel affect margins. Competition. Many brands compete for dealers. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.

Is this list of paint, plywood and cement company stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 23 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.