Indigo Paints Ltd

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

Indigo Paints Ltd

₹ 1,180 1.57%
01 Jul - 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 ₹ 5,623 Cr.
  • Current Price ₹ 1,180
  • High / Low ₹ 1,720 / 900
  • Stock P/E 39.7
  • Book Value ₹ 216
  • Dividend Yield 0.30 %
  • ROCE 19.5 %
  • ROE 14.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.

Cons

  • Working capital days have increased from 56.5 days to 101 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
224 243 281 325 288 279 354 385 311 300 343 388
189 209 241 254 239 237 292 300 264 258 285 300
Operating Profit 35 34 41 72 49 42 62 85 47 42 57 87
OPM % 16% 14% 14% 22% 17% 15% 18% 22% 15% 14% 17% 23%
0 3 4 3 4 3 3 4 4 5 3 6
Interest 0 0 0 0 0 1 1 0 1 1 1 2
Depreciation 8 8 9 9 10 11 15 16 15 15 15 13
Profit before tax 27 28 35 65 42 33 50 73 36 31 45 79
Tax % 26% -31% 26% 26% 26% 24% 25% 25% 25% 27% 20% 27%
20 37 26 49 32 25 38 54 27 22 36 57
EPS in Rs 4.19 7.80 5.52 10.23 6.52 5.32 7.82 11.27 5.50 4.75 7.56 11.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025
1,073 1,306 1,341
892 1,068 1,107
Operating Profit 182 238 233
OPM % 17% 18% 17%
10 14 18
Interest 1 2 4
Depreciation 34 52 59
Profit before tax 156 199 190
Tax % 15% 25% 25%
132 149 142
EPS in Rs 27.73 30.94 29.76
Dividend Payout % 13% 11% 12%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -5%
1 Year: -15%
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
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 27 41 101
ROCE % 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.

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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls