Indigo Paints Ltd

Indigo Paints Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indigo Paints Ltd

₹ 1,121 3.37%
10 Jun - close price
indigopaints.com BSE: 543258 NSE: INDIGOPNTS
About

Incorporated in 2000, Indigo Paints Ltd manufactures and sells decorative paints[1]

Key Points

Leading Paint Company
The company is a leading paint company in India that produces a wide range of decorative paints. [1] It is the first company to introduce category-creator products like Metallic Emulsions, Tile Coat Emulsions, etc in the decorative paint market in India. [2] The company has ~80%-90% market share in some of its differentiated products. [3]

Website BSE NSE
  • Market Cap ₹ 5,337 Cr.
  • Current Price ₹ 1,121
  • High / Low ₹ 1,720 / 900
  • Stock P/E 37.1
  • Book Value ₹ 220
  • Dividend Yield 0.31 %
  • ROCE 19.5 %
  • ROE 14.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 24.7% CAGR over last 5 years

Cons

  • Working capital days have increased from 55.0 days to 99.2 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Paints

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
288 224 243 281 325 277 270 341 366 294 289 327 367
235 189 209 241 254 229 229 280 284 248 246 270 281
Operating Profit 54 35 34 41 72 48 42 61 82 46 43 57 86
OPM % 19% 16% 14% 14% 22% 17% 15% 18% 22% 16% 15% 18% 23%
3 0 3 4 3 4 3 3 4 4 5 3 6
Interest 1 0 0 0 0 0 0 0 0 1 1 0 1
Depreciation 8 8 8 9 9 9 10 13 14 14 14 14 12
Profit before tax 47 27 28 35 65 42 34 50 72 35 33 46 78
Tax % 27% 26% -31% 26% 26% 26% 24% 25% 26% 25% 27% 21% 27%
35 20 37 26 49 31 26 38 54 26 24 36 57
EPS in Rs 7.27 4.19 7.80 5.52 10.23 6.58 5.49 7.92 11.24 5.56 5.06 7.65 11.95
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
64 90 124 289 411 536 625 723 906 1,073 1,255 1,277
61 97 130 291 387 481 534 601 770 892 1,022 1,046
Operating Profit 3 -7 -6 -2 24 54 91 123 136 182 233 232
OPM % 5% -8% -4% -1% 6% 10% 15% 17% 15% 17% 19% 18%
0 2 1 1 -1 1 2 4 11 10 13 17
Interest 2 1 0 3 4 5 6 4 1 1 2 3
Depreciation 1 1 1 14 17 17 20 24 31 34 46 54
Profit before tax 1 -7 -6 -18 2 34 67 98 114 156 198 192
Tax % 40% 0% 0% -10% -14% 20% 29% 28% 26% 15% 25% 25%
0 -7 -6 -16 3 27 48 71 84 132 149 144
EPS in Rs 8.19 -158.03 -136.43 -5.55 0.90 9.32 16.48 14.89 17.67 27.73 31.22 30.22
Dividend Payout % 12% 0% 0% 0% 0% 0% 0% 0% 17% 13% 11% 12%
Compounded Sales Growth
10 Years: 30%
5 Years: 15%
3 Years: 12%
TTM: 2%
Compounded Profit Growth
10 Years: 37%
5 Years: 25%
3 Years: 20%
TTM: -3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -10%
1 Year: -18%
Return on Equity
10 Years: 16%
5 Years: 16%
3 Years: 17%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.44 0.44 0.44 29 29 29 29 48 48 48 48 48
Reserves 4 26 129 69 71 100 150 516 602 729 867 1,000
14 4 8 52 54 88 75 9 12 12 17 20
16 30 58 97 125 156 169 239 258 274 290 290
Total Liabilities 35 61 196 246 279 373 422 811 920 1,062 1,222 1,358
10 12 13 91 95 149 201 249 253 265 548 556
CWIP 0 1 0 2 2 4 1 3 51 251 15 135
Investments 0 1 124 16 15 20 21 50 173 132 188 216
25 46 58 137 167 201 199 509 442 414 471 451
Total Assets 35 61 196 246 279 373 422 811 920 1,062 1,222 1,358

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4 -6 11 -26 27 50 72 121 65 116 152 205
-5 -10 -123 15 -23 -62 -61 -318 -69 -84 -143 -175
2 16 113 8 -4 19 -17 236 -5 -20 -24 -25
Net Cash Flow 0 1 1 -3 -0 7 -6 39 -9 12 -15 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 87 105 97 99 92 71 61 61 69 68 59 63
Inventory Days 94 90 89 107 81 85 87 92 84 72 93 80
Days Payable 146 212 219 190 170 167 157 180 143 122 123 88
Cash Conversion Cycle 34 -17 -33 16 2 -11 -9 -27 10 18 29 54
Working Capital Days 45 34 -27 41 26 10 10 5 24 27 39 99
ROCE % 13% -25% -7% -10% 5% 21% 31% 25% 19% 22% 23% 20%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
54.00% 54.00% 54.00% 53.98% 53.98% 53.95% 53.94% 53.94% 53.94% 53.93% 53.93% 53.93%
9.08% 8.82% 10.19% 8.80% 8.90% 8.75% 8.77% 7.73% 8.28% 12.31% 12.50% 12.41%
3.40% 3.07% 3.34% 3.20% 2.88% 2.29% 1.77% 1.96% 1.07% 16.14% 17.06% 16.74%
33.52% 34.10% 32.47% 33.99% 34.23% 35.00% 35.54% 36.37% 36.73% 17.64% 16.52% 16.93%
No. of Shareholders 86,80894,1581,12,2181,22,7851,21,9861,36,9821,40,0031,43,5881,45,1811,49,6231,56,8001,58,925

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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