Berger Paints Bangladesh (DHA:BERGERPBL) Operating Income: BDT4,263 Mil (TTM As of Sep. 2025)

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DHA:BERGERPBL Berger Paints Bangladesh Ltd DHA:BERGERPBL
86 GF Score
Price BDT1,492.40
GF Value BDT2,022.11
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Berger Paints Bangladesh Operating Income?

Berger Paints Bangladesh DHA:BERGERPBL 86 Operating Income is BDT4,263 Mil as of Sep. 2025. GuruFocus rates DHA:BERGERPBL with a GF Score™ of 86/100 and a GF Value™ of BDT2,022.11 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Berger Paints Bangladesh's Operating Income for the three months ended in Sep. 2025 was BDT748 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 was BDT4,263 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Berger Paints Bangladesh's Operating Income for the three months ended in Sep. 2025 was BDT748 Mil. Berger Paints Bangladesh's Revenue for the three months ended in Sep. 2025 was BDT6,135 Mil. Therefore, Berger Paints Bangladesh's Operating Margin % for the quarter that ended in Sep. 2025 was 12.19%.

Warning Sign:

Berger Paints Bangladesh Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -4.9%.

Berger Paints Bangladesh's 5-Year average Growth Rate for Operating Margin % was -4.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Berger Paints Bangladesh's annualized ROC % for the quarter that ended in Sep. 2025 was 16.22%. Berger Paints Bangladesh's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 was 26.84%.


Berger Paints Bangladesh  (DHA:BERGERPBL) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Berger Paints Bangladesh's annualized ROC % for the quarter that ended in Sep. 2025 is calculated as:

ROC % (Q: Sep. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Sep. 2025 ))/ count )
=2990.472 * ( 1 - 26.31% )/( (13899.618 + 13264.803)/ 2 )
=2203.6788168/13582.2105
=16.22 %

where

Invested Capital(Q: Jun. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=22529.301 - 4775.915 - ( 3853.768 - max(0, 5106.958 - 12507.064+3853.768))
=13899.618

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=25242.271 - 6292.913 - ( 5684.555 - max(0, 6628.331 - 14857.885+5684.555))
=13264.803

Note: The Operating Income data used here is four times the quarterly (Sep. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Berger Paints Bangladesh's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Sep. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3333.192/( ( (9305.439 + max(3389.129, 0)) + (9755.663 + max(2386.33, 0)) )/ 2 )
=3333.192/( ( 12694.568 + 12141.993 )/ 2 )
=3333.192/12418.2805
=26.84 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1911.803 + 5845.019 + 620.627) - (4775.915 + 0 + 212.405)
=3389.129

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1749.236 + 6542.155 + 606.561) - (6292.913 + 0 + 218.709)
=2386.33

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Berger Paints Bangladesh's Operating Margin % for the quarter that ended in Sep. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Sep. 2025 )/Revenue (Q: Sep. 2025 )
=747.618/6134.819
=12.19 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Berger Paints Bangladesh Operating Income Related Terms


Berger Paints Bangladesh Operating Income Historical Data

* Premium members only.

The historical data trend for Berger Paints Bangladesh's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Berger Paints Bangladesh Operating Income Chart

Berger Paints Bangladesh Annual Data
Trend Dec15 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,511.40 3,912.84 3,886.42 4,344.85 4,446.89

Berger Paints Bangladesh Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 752.86 1,220.65 1,201.07 1,093.85 747.62
DHA:BERGERPBL
86GF Score
Berger Paints Bangladesh Ltd DHA:BERGERPBL
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Berger Paints Bangladesh Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Sep. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was BDT4,263 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of BDT4,263 Mil mean?
Berger Paints Bangladesh (DHA:BERGERPBL) has a Operating Income of BDT4,263 Mil as of Sep. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Berger Paints Bangladesh and its competitors.
Is Berger Paints Bangladesh's Operating Income too high?
Berger Paints Bangladesh's current Operating Income is BDT4,263 Mil. Overall, Berger Paints Bangladesh has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Berger Paints Bangladesh's Operating Income compare to LIN and SHW?
Berger Paints Bangladesh's Operating Income of BDT4,263 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Chemicals company?
A good Operating Income depends on the Chemicals industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Berger Paints Bangladesh and its competitors. Berger Paints Bangladesh's current Operating Income is BDT4,263 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Berger Paints Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, Berger Paints Bangladesh (DHA:BERGERPBL) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT2,022.11, compared to a current price of BDT1,492.40 — trading 26.2% below its estimated fair value. The current Operating Income is BDT4,263 Mil. Berger Paints Bangladesh's overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Berger Paints Bangladesh (DHA:BERGERPBL), the current Operating Income is BDT4,263 Mil as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Berger Paints Bangladesh (DHA:BERGERPBL) Overvalued in 2026?

Based on GuruFocus' analysis, Berger Paints Bangladesh stock appears to be undervalued. The current stock price of BDT1,492.40 is trading 26.2% below its estimated GF Value™ of BDT2,022.11. GuruFocus considers Berger Paints Bangladesh to be Modestly Undervalued.

Key valuation signals for DHA:BERGERPBL:

  • Operating Income: BDT4,263 Mil
  • GF Value™: BDT2,022.11 vs. price of BDT1,492.40 (26.2% below fair value)
  • GF Score™: 86/100 with 4 warning signs

No single metric tells the full story. See the DHA:BERGERPBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Berger Paints Bangladesh Business Description

Address Road No. 2, Sector 3, Berger House, House No. 8, Uttara Model Town, Dhaka, BGD, 1230
Berger Paints Bangladesh Ltd is in the paint industry. The principal activities of the company are manufacturing and marketing of liquid and non-liquid paints and varnishes, emulsion and coating, and trading of painting tools. The company also provides decorative and painting-related services. The product range includes specialized outdoor paints to protect against adverse weather conditions, ColorBank, Superior Marine Paints, Textured Coatings, Adhesive, Pre-treatment chemicals, Heat Resistant Paints, Roofing Compounds, and other related products.
86GF Score

Get the complete analysis for DHA:BERGERPBL

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT1,492.40
Price
BDT2,022.11
GF Value