Indigo Paints Ltd

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

Indigo Paints Ltd

₹ 1,003 1.32%
07 Nov 9:58 a.m.
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 Indian paint company 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 ₹ 4,782 Cr.
  • Current Price ₹ 1,003
  • High / Low ₹ 1,622 / 900
  • Stock P/E 33.2
  • Book Value ₹ 224
  • Dividend Yield 0.35 %
  • ROCE 19.5 %
  • ROE 14.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
243 281 325 288 279 354 385 311 300 343 388 309 312
209 241 254 239 237 292 300 264 258 285 300 265 266
Operating Profit 34 41 72 49 42 62 85 47 42 57 87 44 47
OPM % 14% 14% 22% 17% 15% 18% 22% 15% 14% 17% 23% 14% 15%
3 4 3 4 3 3 4 4 5 3 6 6 3
Interest 0 0 0 0 1 1 0 1 1 1 2 1 1
Depreciation 8 9 9 10 11 15 16 15 15 15 13 15 15
Profit before tax 28 35 65 42 33 50 73 36 31 45 79 35 34
Tax % -31% 26% 26% 26% 24% 25% 25% 25% 27% 20% 27% 25% 25%
37 26 49 32 25 38 54 27 22 36 57 26 25
EPS in Rs 7.80 5.52 10.23 6.52 5.32 7.82 11.27 5.50 4.75 7.56 11.95 5.44 5.27
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 TTM
1,073 1,306 1,341 1,351
892 1,068 1,107 1,116
Operating Profit 182 238 233 235
OPM % 17% 18% 17% 17%
10 14 18 18
Interest 1 2 4 4
Depreciation 34 52 59 58
Profit before tax 156 199 190 192
Tax % 15% 25% 25%
132 149 142 145
EPS in Rs 27.73 30.94 29.76 30.22
Dividend Payout % 13% 11% 12%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -13%
1 Year: -39%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 48 48 48 48
Reserves 729 855 983 1,019
12 21 27 24
274 347 352 379
Total Liabilities 1,062 1,270 1,410 1,470
265 591 568 550
CWIP 251 17 136 221
Investments 132 167 226 249
414 495 481 451
Total Assets 1,062 1,270 1,410 1,470

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025
116 151 206
-84 -142 -178
-20 -23 -24
Net Cash Flow 12 -14 4

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025
Debtor Days 68 62 66
Inventory Days 72 91 77
Days Payable 122 122 89
Cash Conversion Cycle 18 31 55
Working Capital Days 25 39 36
ROCE % 23% 19%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
54.00% 53.98% 53.98% 53.95% 53.94% 53.94% 53.94% 53.93% 53.93% 53.93% 53.93% 53.88%
10.19% 8.80% 8.90% 8.75% 8.77% 7.73% 8.28% 12.31% 12.50% 12.41% 11.71% 11.81%
3.34% 3.20% 2.88% 2.29% 1.77% 1.96% 1.07% 16.14% 17.06% 16.74% 19.29% 19.68%
32.47% 33.99% 34.23% 35.00% 35.54% 36.37% 36.73% 17.64% 16.52% 16.93% 15.09% 14.64%
No. of Shareholders 1,12,2181,22,7851,21,9861,36,9821,40,0031,43,5881,45,1811,49,6231,56,8001,58,9251,59,9771,53,100

* 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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Documents

Announcements

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DRHP

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Concalls