Indigo Paints Ltd
Incorporated in 2000, Indigo Paints Ltd manufactures and sells decorative paints[1]
- Market Cap ₹ 5,377 Cr.
- Current Price ₹ 1,126
- High / Low ₹ 1,720 / 900
- Stock P/E 38.0
- Book Value ₹ 216
- Dividend Yield 0.31 %
- ROCE 19.5 %
- ROE 14.6 %
- Face Value ₹ 10.0
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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|
1,073 | 1,306 | 1,341 | 1,339 | |
892 | 1,068 | 1,107 | 1,108 | |
Operating Profit | 182 | 238 | 233 | 230 |
OPM % | 17% | 18% | 17% | 17% |
10 | 14 | 18 | 20 | |
Interest | 1 | 2 | 4 | 4 |
Depreciation | 34 | 52 | 59 | 58 |
Profit before tax | 156 | 199 | 190 | 189 |
Tax % | 15% | 25% | 25% | |
132 | 149 | 142 | 142 | |
EPS in Rs | 27.73 | 30.94 | 29.76 | 29.70 |
Dividend Payout % | 13% | 11% | 12% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 1% |
Compounded Profit Growth | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -1% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -12% |
1 Year: | -22% |
Return on Equity | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|
Equity Capital | 48 | 48 | 48 |
Reserves | 729 | 855 | 983 |
12 | 21 | 27 | |
274 | 347 | 352 | |
Total Liabilities | 1,062 | 1,270 | 1,410 |
265 | 591 | 568 | |
CWIP | 251 | 17 | 136 |
Investments | 132 | 167 | 226 |
414 | 495 | 481 | |
Total Assets | 1,062 | 1,270 | 1,410 |
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% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 12 Aug
- Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Aug
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
8 Aug - Audio recording link of Indigo Paints Q1 FY26 earnings call disclosed.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Aug
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Business Responsibility and Sustainability Reporting (BRSR)
8 Aug - Indigo Paints files FY 2024-25 Business Responsibility and Sustainability Report as part of annual report.
Annual reports
Concalls
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023TranscriptPPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021TranscriptPPT
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May 2021Transcript PPT
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]