Berger Paints is the second largest player in the domestic decorative paints industry. It has 11 manufacturing facilities which is spread across India and abroad. The company holds a sustained performance with 5 years CAGR of 10.2% in revenues and 14.5% in profit.Debt-equity ratio has been brought down to 0.2x in FY19 from 0.6x in FY14. It also delivers strong ROE of 21.3% and trades at 13.4x of its book value. The company also pays attractive dividend averaging to 35%. Hence, BUY.
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