Indigo Paints Ltd

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

Indigo Paints Ltd

₹ 1,320 -0.17%
23 Apr 11:39 a.m.
indigopaints.com BSE: 543258 NSE : INDIGOPNTS
About

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

Key Points

Product Portfolio
The product portfolio of the company comprises Emulsions, Enamels, Wood Coatings, Primers, Distempers, Cement, Paints, and Putties. [1]

Website BSE NSE
  • Market Cap ₹ 6,286 Cr.
  • Current Price ₹ 1,320
  • High / Low ₹ 1,700 / 1,131
  • Stock P/E 43.7
  • Book Value ₹ 172
  • Dividend Yield 0.27 %
  • ROCE 21.6 %
  • ROE 18.4 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 102% CAGR over last 5 years

Cons

  • Stock is trading at 7.63 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.

Peer comparison

Sector: Paints/Varnish Industry: Paints / Varnishes

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
210 254 156 196 265 288 224 243 281 325 277 270 341
178 211 136 173 227 235 189 209 241 254 229 229 280
Operating Profit 31 43 20 23 39 54 35 34 41 72 48 42 61
OPM % 15% 17% 13% 12% 15% 19% 16% 14% 14% 22% 17% 15% 18%
1 2 3 3 2 3 0 3 4 3 4 3 3
Interest 1 0 0 0 0 1 0 0 0 0 0 0 0
Depreciation 6 7 7 8 8 8 8 8 9 9 9 10 13
Profit before tax 26 37 16 18 33 47 27 28 35 65 42 34 50
Tax % 27% 33% 26% 27% 26% 27% 26% -31% 26% 26% 26% 24% 25%
19 25 12 14 24 35 20 37 26 49 31 26 38
EPS in Rs 4.16 5.23 2.44 2.85 5.11 7.27 4.19 7.80 5.52 10.23 6.58 5.49 7.92
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
38 47 64 90 124 289 411 536 625 723 906 1,073 1,214
35 44 61 97 130 291 387 481 534 601 770 892 992
Operating Profit 3 3 3 -7 -6 -2 24 54 91 123 136 182 222
OPM % 7% 6% 5% -8% -4% -1% 6% 10% 15% 17% 15% 17% 18%
0 0 0 2 1 1 -1 1 2 4 11 10 12
Interest 1 1 2 1 0 3 4 5 6 4 1 1 2
Depreciation 1 1 1 1 1 14 17 17 20 24 31 34 41
Profit before tax 1 1 1 -7 -6 -18 2 34 67 98 114 156 192
Tax % 33% 32% 40% 0% 0% 10% -14% 20% 29% 28% 26% 15%
1 1 0 -7 -6 -16 3 27 48 71 84 132 144
EPS in Rs 14.78 13.19 8.19 -158.03 -136.43 -5.55 0.90 9.32 16.48 14.89 17.67 27.73 30.22
Dividend Payout % 7% 8% 12% 0% 0% 0% 0% 0% 0% 0% 17% 13%
Compounded Sales Growth
10 Years: 37%
5 Years: 21%
3 Years: 20%
TTM: 17%
Compounded Profit Growth
10 Years: 72%
5 Years: 102%
3 Years: 40%
TTM: 22%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -17%
1 Year: 15%
Return on Equity
10 Years: 15%
5 Years: 18%
3 Years: 17%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 0 0 0 0 29 29 29 29 48 48 48 48
Reserves 3 4 4 26 129 69 71 100 150 516 602 729 773
Preference Capital 0 0 0 1 2 18 18 18 18 0 0 0
8 11 14 3 6 34 36 70 56 9 12 12 14
9 11 16 31 60 115 144 174 187 239 258 274 286
Total Liabilities 20 26 35 61 196 246 279 373 422 811 920 1,062 1,121
4 5 10 12 13 91 95 149 201 249 253 265 548
CWIP 0 0 0 1 0 2 2 4 1 3 51 251 2
Investments 0 0 0 1 124 16 15 20 21 50 173 132 182
16 21 25 46 58 137 167 201 199 509 442 414 389
Total Assets 20 26 35 61 196 246 279 373 422 811 920 1,062 1,121

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 0 4 -6 11 -26 27 50 72 121 65 116
0 0 -5 -10 -123 15 -23 -62 -61 -318 -69 -84
0 0 2 16 113 8 -4 19 -17 236 -5 -20
Net Cash Flow 0 0 0 1 1 -3 -0 7 -6 39 -9 12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 100 95 87 105 97 99 92 71 61 61 69 68
Inventory Days 79 101 94 90 89 107 81 85 87 92 84 72
Days Payable 118 138 146 212 219 190 170 167 157 180 143 129
Cash Conversion Cycle 61 57 34 -17 -33 16 2 -11 -9 -27 10 11
Working Capital Days 72 70 45 34 -27 41 26 10 10 5 24 27
ROCE % 21% 17% 13% -25% -7% -10% 5% 21% 31% 25% 19% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
54.00% 54.00% 54.00% 54.00% 54.00% 54.00% 54.00% 53.98% 53.98% 53.95% 53.94% 53.94%
11.75% 11.56% 10.92% 8.94% 9.08% 8.82% 10.19% 8.80% 8.90% 8.75% 8.77% 7.73%
2.59% 2.58% 2.63% 3.61% 3.40% 3.07% 3.34% 3.20% 2.88% 2.29% 1.77% 1.96%
31.66% 31.86% 32.45% 33.46% 33.52% 34.10% 32.47% 33.99% 34.23% 35.00% 35.54% 36.37%
No. of Shareholders 77,95876,22679,13586,83586,80894,1581,12,2181,22,7851,21,9861,36,9821,40,0031,43,588

* 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.

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