Indigo Paints Ltd

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

Indigo Paints Ltd

₹ 954 -0.17%
05 Jun - 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 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 ₹ 4,549 Cr.
  • Current Price ₹ 954
  • High / Low ₹ 1,346 / 702
  • Stock P/E 30.4
  • Book Value ₹ 242
  • Dividend Yield 0.37 %
  • ROCE 18.6 %
  • ROE 13.7 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Working capital days have increased from 60.7 days to 107 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 Consumer Discretionary Nifty Microcap 250 Nifty Total Market BSE 1000 Nifty Smallcap 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
325 288 279 354 385 311 300 343 388 309 312 359 425
254 239 237 292 300 264 258 285 300 265 266 290 330
Operating Profit 72 49 42 62 85 47 42 57 87 44 47 68 96
OPM % 22% 17% 15% 18% 22% 15% 14% 17% 23% 14% 15% 19% 22%
3 4 3 3 4 4 5 3 6 6 3 -2 0
Interest 0 0 1 1 0 1 1 1 2 1 1 1 1
Depreciation 9 10 11 15 16 15 15 15 13 15 15 15 15
Profit before tax 65 42 33 50 73 36 31 45 79 35 34 50 80
Tax % 26% 26% 24% 25% 25% 25% 27% 20% 27% 25% 25% 26% 26%
49 32 25 38 54 27 22 36 57 26 25 37 59
EPS in Rs 10.23 6.52 5.32 7.82 11.27 5.50 4.75 7.56 11.95 5.44 5.27 7.63 12.10
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,073 1,306 1,341 1,405
892 1,068 1,107 1,150
Operating Profit 182 238 233 255
OPM % 17% 18% 17% 18%
10 14 18 7
Interest 1 2 4 3
Depreciation 34 52 59 60
Profit before tax 156 199 190 198
Tax % 15% 25% 25% 26%
132 149 142 148
EPS in Rs 27.73 30.94 29.76 30.43
Dividend Payout % 13% 11% 12% 16%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 9%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 4%
TTM: 6%
Stock Price CAGR
10 Years: %
5 Years: -18%
3 Years: -12%
1 Year: -11%
Return on Equity
10 Years: %
5 Years: %
3 Years: 15%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 48 48 48 48
Reserves 729 855 983 1,106
12 21 27 21
274 347 352 454
Total Liabilities 1,062 1,270 1,410 1,629
265 591 568 590
CWIP 251 17 136 220
Investments 132 167 226 300
414 495 481 519
Total Assets 1,062 1,270 1,410 1,629

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026
116 151 206 223
-84 -142 -178 -196
-20 -23 -24 -32
Net Cash Flow 12 -14 4 -5
Free Cash Flow -81 47 70 88
CFO/OP 77% 88% 101% 110%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 68 62 66 74
Inventory Days 72 91 77 87
Days Payable 122 122 89 106
Cash Conversion Cycle 18 31 55 55
Working Capital Days 25 39 36 107
ROCE % 23% 19% 19%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Active Dealer Count
Number ・Standalone data

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Active Tinting Machines
Number ・Standalone data
Installed Capacity - Liquid Paints
KLPA ・Standalone data
Installed Capacity - Powder Paints (Putty)
MTPA ・Standalone data
Number of Depots
Number ・Standalone data
A&P Spend as % of Revenue
%
Capacity Utilization - Liquid Paints
% ・Standalone data
Production Volume - Liquid Paints
KL ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
53.98% 53.95% 53.94% 53.94% 53.94% 53.93% 53.93% 53.93% 53.93% 53.88% 53.88% 53.88%
8.90% 8.75% 8.77% 7.73% 8.28% 12.31% 12.50% 12.41% 11.71% 11.81% 11.21% 7.42%
2.88% 2.29% 1.77% 1.96% 1.07% 16.14% 17.06% 16.74% 19.29% 19.68% 21.13% 23.00%
34.23% 35.00% 35.54% 36.37% 36.73% 17.64% 16.52% 16.93% 15.09% 14.64% 13.80% 15.72%
No. of Shareholders 1,21,9861,36,9821,40,0031,43,5881,45,1811,49,6231,56,8001,58,9251,59,9771,53,1001,42,6301,44,361

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

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