Berger Paints Multibagger 3 yrs time frame
- Found Lewis Berger laid the foundations in India in 1923, today, Berger Paints India Limited is the second largest paint company in the country with a consistent track record of being one of the fastest growing paint company, quarter on quarter, for the past few years.
- Annual turnover of the company is around 3600 crores.Headquartered at Kolkata, with 11 strategically located manufacturing units and about 170 sales offices( all including those belonging to the Company’s own division and subsidiaries)
- Employee strength of about 2,500 and a countrywide distribution network of 15,000+ dealers, Berger is acclaimed as a game changer in the sector with a vibrant portfolio of paints and tailor-made customer services in every paint segment.
- Berger cater various products like interior wall coating, exterior wall coating,Metal and wood paints,protective coating, undercoat and construction chemicals
- Company sales has increased from 1600 crores 5 yrs back to 3600 crores, shows the pace at which this company is growing.
- Profits have increased by 17 % yoy showing good return on investment.
- Promoters are holding close to 60 % and the stock is at the face value of 2.
- Stock is trading at 233 and could become potential multibagger in coming years with low oil prices which constituent of 80 % of raw material.