Indigo Paints Ltd

₹ 1,517 -0.21%
18 Aug - close price
About

Indigo Paints Ltd is engaged in manufacturing and sale of decorative paints and operates its manufacturing facilities in Jodhpur (Rajasthan), Kochi (Kerala) and Pudukkottai (Tamil Nadu).[1]
It is the fourth largest decorative paint company in India.[2]

Key Points

Product Portfolio
The company's product portfolio includes decorative paints including emulsions, enamels, wood coatings, distemper, primers, putties and cement paints.[1]

  • Market Cap 7,217 Cr.
  • Current Price 1,517
  • High / Low 2,695 / 1,354
  • Stock P/E 78.2
  • Book Value 137
  • Dividend Yield 0.20 %
  • ROCE 18.7 %
  • ROE 13.9 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 48.8% CAGR over last 5 years

Cons

  • Stock is trading at 11.1 times its book value

* 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.

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
172 181 155 210 254 156 196 265 288 224
151 134 126 178 211 136 173 227 235 189
Operating Profit 21 47 29 31 43 20 23 39 54 35
OPM % 12% 26% 19% 15% 17% 13% 12% 15% 19% 16%
1 0 1 1 2 3 3 2 3 0
Interest 1 2 1 1 0 0 0 0 1 0
Depreciation 5 5 6 6 7 7 8 8 8 8
Profit before tax 16 40 23 26 37 16 18 33 47 27
Tax % 8% 32% 18% 27% 33% 26% 27% 26% 27% 26%
Net Profit 15 27 19 19 25 12 14 24 35 20
EPS in Rs 5.23 2.44 2.85 5.11 7.27 4.19

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
35 38 47 64 90 124 289 411 536 625 723 906 974
34 35 44 61 97 130 291 387 481 534 601 770 823
Operating Profit 1 3 3 3 -7 -6 -2 24 54 91 123 136 151
OPM % 4% 7% 6% 5% -8% -4% -1% 6% 10% 15% 17% 15% 16%
0 0 0 0 2 1 1 -1 1 2 4 11 8
Interest 0 1 1 2 1 0 3 4 5 6 4 1 2
Depreciation 0 1 1 1 1 1 14 17 17 20 24 31 32
Profit before tax 2 1 1 1 -7 -6 -18 2 34 67 98 114 126
Tax % 34% 33% 32% 40% 0% 0% 10% -14% 20% 29% 28% 26%
Net Profit 1 1 1 0 -7 -6 -16 3 27 48 71 84 92
EPS in Rs 14.89 17.67 19.42
Dividend Payout % 4% 7% 8% 12% 0% 0% 0% 0% 0% 0% 0% 17%
Compounded Sales Growth
10 Years: 37%
5 Years: 26%
3 Years: 19%
TTM: 26%
Compounded Profit Growth
10 Years: 62%
5 Years: 49%
3 Years: 46%
TTM: 25%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -37%
Return on Equity
10 Years: 13%
5 Years: 17%
3 Years: 17%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 0 0 0 1 3 47 47 47 47 48 48
Reserves 3 3 4 4 26 129 69 71 100 150 516 602
7 8 11 14 3 6 34 36 70 56 9 12
8 9 11 16 31 60 115 144 174 187 239 258
Total Liabilities 17 20 26 35 61 196 246 279 373 422 811 920
3 4 5 10 12 13 91 95 149 201 249 253
CWIP 1 0 0 0 1 0 2 2 4 1 3 51
Investments 0 0 0 0 1 124 16 15 20 21 50 173
14 16 21 25 46 58 137 167 201 199 509 442
Total Assets 17 20 26 35 61 196 246 279 373 422 811 920

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 0 0 4 -6 11 -26 27 50 72 121 65
0 0 0 -5 -10 -123 15 -23 -62 -61 -318 -69
0 0 0 2 16 113 8 -4 19 -17 236 -5
Net Cash Flow 0 0 0 0 1 1 -3 -0 7 -6 39 -9

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 75 100 95 87 105 97 99 92 71 61 61 69
Inventory Days 79 101 94 90 89 107 81 85 87 92 84
Days Payable 118 138 146 212 219 190 170 167 157 180 143
Cash Conversion Cycle 75 61 57 34 -17 -33 16 2 -11 -9 -27 10
Working Capital Days 62 72 70 45 34 -27 41 26 10 10 5 24
ROCE % 19% 21% 17% 13% -25% -7% -10% 5% 21% 31% 25% 19%

Shareholding Pattern

Numbers in percentages

4 recently
Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
54.00 54.00 54.00 54.00 54.00 54.00
10.67 11.75 11.56 10.92 8.94 9.08
3.15 2.59 2.58 2.63 3.61 3.40
32.18 31.66 31.86 32.45 33.46 33.52

Documents