Asian Paints vs Berger Paints: Which Stock is Better? [2026]
Asian Paints is the category killer with fortress-like margins; Berger is the scrappy #2 trying to close the gap via innovation and distribution. This page scores both stocks on 8 weighted fundamentals so you can decide at a glance. Data is illustrative and for educational purposes—always verify on the latest filings before investing.
Asian Paints
97
Weighted score / 100
Berger Paints
76
Weighted score / 100
Verdict: Asian Paints edges ahead on our weighted scorecard, but both are quality names in Paints.
⚖️ Weighted Scorecard
Asian Paints97/100
Berger Paints76/100
Asian Paints edges well ahead on our weighted scorecard — India’s decorative-paint leader with a deeper moat. Both are quality names; Berger is the strong #2 challenger.
Quality & growth (higher is better)
Asian Paints leads on ROE, margin and growth.
Valuation & income
Both trade at premium multiples; Asian Paints is slightly cheaper and pays more.
Asian Paints wins on
✓Higher ROE (28% vs 22%)
✓Better profit margin (14% vs 10%)
✓Lowest debt (D/E 0.1)
✓Market leader — distribution moat, higher dividend
Berger Paints wins on
✓Higher promoter holding (75% vs 53%)
✓Strong #2 with room to gain share
✓Comparable revenue growth (11%)
✓Improving margins off a lower base
Scores are illustrative & educational — verify the latest filings before investing.
Head-to-Head Fundamentals
Metric
Asian Paints
Berger Paints
Rule
PE Ratio
52
58
Lower is better
ROE (%)
28
22
Higher is better
Debt/Equity
0.1
0.4
Lower is better
Profit Margin (%)
14
10
Higher is better
Revenue Growth 5Y (%)
12
11
Higher is better
Dividend Yield (%)
1
0.5
Higher is better
Current Ratio
1.7
1.5
Higher is better
Promoter Holding (%)
53
75
Higher is better
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Educational content, not financial advice.This article is for general investor education. Mithun Srivastava is not a SEBI-registered Investment Advisor (RIA) or Research Analyst (RA). Examples are illustrative; past performance does not predict future returns. Consult a SEBI-registered RIA before making investment decisions. Read full disclaimer →
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