Berger Paints's intrinsic value using Intellectual Capital analysis

Berger Paints

BSE : 509480

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NSE : BERGEPAINT

Industry : Paints

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ISIN : INE463A01038

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FreeFloat : 25.00%

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FnO : Yes

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LotSize : 1100

BSE 100 | BSE 100 Largecap TMC | BSE 200 | BSE 250 LargeMidcap | BSE Largecap | BSE LargeMidcap | BSE SENSEX Next 50 | Nifty 100 | Nifty 200 | Nifty LargeMidcap 250 | Nifty Next 50 | Nifty100 Equal Weight | Nifty Alpha Low Volatility 30 | Nifty Alpha Quality Low Volatility 30 | Nifty Quality Low Volatility 30 | BSE Dividend Stability | BSE Low Volatility | Nifty Low Volatility 50 | Nifty100 Low Volatility 30 | Nifty100 Quality 30 | Nifty200 Quality 30 | BSE CARBONEX | Nifty Housing | Nifty India Consumption | Nifty Non-Cyclical Consumer

Intellectual Capital (IC)	8,889.21
Net Worth (NW)	3,934.16
Intrinsic Worth (IW)	12,823.37
Market Cap (MC)	67,963.51
Economic Value Added	58.47

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	69.32%
IC Gross Margin (EBITDA/IC)	17.07%
IC Net Margin (NPT/IC)	10.23%
Knowledge Turnover (Sales/IC)	1.04
Market to Intrinsic Value (MC/IW)	5.30

As Of	Intrinsic Value	Market Price
31 Mar 2022	Rs. 132.02	Rs. 699.70
26 May 2022	----	Rs. 568.05
26 May 2022	----	1.90 0.33%

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : Yes	Buy	10 DMA : Rs. 620.01	Accumulate	Buy
KB > 50% : Yes		50 DMA : Rs. 686.23
0 < M2IV < 1 : No		Vol-Price trend : Rising

Question 3 - Is this stock undervalued?

Question 2 - Does this business have significant knowledge assets?

Question 1 - Is this business generating enough profits to cover its cost of capital?

* EVA is a registered trademark of Stern Stewart and Co.

Quarterly Results (Rs. Cr)

Quarter

Type*

Sales

Income

EBITDA

EBIT

PBT

PAT

NPT

Jun-19
C
1716.53
1738.41
327.06
280.87
270.93
176.41
168.02

Sep-19
C
1598.58
1614.31
266.85
219.62
209.24
194.66
197.36

Dec-19
C
1695.87
1710.13
306.50
258.23
245.58
181.85
176.73

Mar-20
C
1354.84
1371.49
222.60
173.28
159.21
103.18
94.99

Jun-20
C
930.76
938.59
95.45
45.09
32.70
15.09
12.05

Sep-20
C
1742.55
1765.73
357.32
303.60
292.69
221.05
223.52

Dec-20
C
2118.19
2133.79
431.60
378.73
369.86
274.98
286.72

Mar-21
C
2026.09
2041.09
349.49
295.30
283.37
208.60
211.00

Jun-21
C
1798.49
1815.52
254.72
199.90
190.32
140.48
130.09

Sep-21
C
2225.01
2238.00
366.96
311.07
298.39
219.21
224.96

Dec-21
C
2550.77
2566.22
407.04
350.99
337.14
252.97
241.93

Mar-22
C
2187.51
2206.63
370.80
311.05
296.44
220.29
220.29

* C - Consolidated, S - Standalone