Asian Paints Limited vs Berger Paints (I) Limited
An objective side-by-side of ASIANPAINT and BERGEPAINT, both in Paints / Varnishes: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-09-21 close
Latest results: ASIANPAINT Jun 2026 · BERGEPAINT Jun 2026
At a glance
- Asian Paints Limited is the larger company by market value, about 4.5 times the size of Berger Paints (I) Limited.
- On trailing earnings, Berger Paints (I) Limited trades at the lower P/E (43.1 against 48.8).
- Asian Paints Limited earns the higher return on equity (22.4% against 17.6%).
- Over three years Berger Paints (I) Limited has grown profits faster (11% a year against 2%).
- Over the past year the share prices returned -2.5% (ASIANPAINT) and -17.2% (BERGEPAINT).
| Metric | Asian Paints ASIANPAINT |
Berger Paints BERGEPAINT |
|---|---|---|
| Size and price | ||
| Market cap | ₹233,938 Cr | ₹52,540 Cr |
| Share price | ₹2,440 | ₹450.60 |
| Valuation | ||
| P/E | 48.76 | 43.15 |
| P/B | 10.95 | 7.60 |
| EV/EBITDA | 32.85 | 27.80 |
| PEG | 24.38 | 3.92 |
| Dividend yield | 1.1% | 0.8% |
| Profitability | ||
| ROE | 22.4% | 17.6% |
| ROCE | 26.0% | 22.0% |
| Operating margin | 19.5% | 15.6% |
| Sales (TTM) | ₹37,152 Cr | ₹12,263 Cr |
| Net profit (TTM) | ₹4,798 Cr | ₹1,218 Cr |
| Growth | ||
| Latest quarter sales YoY | +18.1% | +12.0% |
| Latest quarter profit YoY | +41.8% | +28.6% |
| Sales CAGR 3Y | +1.0% | +4.0% |
| Profit CAGR 3Y | +2.0% | +11.0% |
| Sales CAGR 5Y | +10.0% | +12.0% |
| Profit CAGR 5Y | +7.0% | +10.0% |
| Financial strength | ||
| Debt/Equity | 0.18 | 0.09 |
| Interest cover | 28.04 | 25.29 |
| Ownership | ||
| Promoter holding | 52.6% | 75.0% |
| Promoter change (4 qtrs) | +0.00 pp | -0.01 pp |
| Price performance | ||
| Return 1M | -7.04% | -14.75% |
| Return 3M | -8.74% | -18.08% |
| Return 1Y | -2.49% | -17.21% |
| Return YTD | -11.89% | -16.02% |
| Technical condition | ||
| Technical score | 30 | 11 |
| RS rating (1-99) | 45.00 | 29.00 |
| % vs 200-DMA | -5.58% | -8.83% |
| RSI (14) | 32.49 | 29.12 |
| % from 52-week high | -18.27% | -24.21% |
