Indigo Paints Ltd.

•

indigopaints.comBSE: 543258NSE: INDIGOPNTS

Market Cap₹ 5,202 Cr.

Current Price

High / Low₹ 1,346 / 708

Stock P/E32.3

Book Value₹ 247

Price to Book2.98

Dividend Yield0.46 %

ROCE18.4 %

ROE13.7 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Consumer Durables

Buy

Urban discretionary demand is mixed but investable. Credit card transactions rose 27.0% YoY (2026-06), urban CMIE sentiment was 109.5 (2026-07), and consumer spending remained large at INR 44743 billion (Jun/26), even though formal consumer confidence fell to 88.3 points (Jul/26) and debit card transactions were -9.0% YoY (2026-06). Heavy sector inflows of INR 13175 crore over 3 months to 2026-08-31 indicate strong investor positioning behind the theme.

Confidence

76%

View full sector analysis →

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 20.7%
Latest quarter profit grew 60.0% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.32x)
Company comfortably covers its interest (69.0x coverage)
Company generates healthy free cash flow

CONS

Expensive relative to growth - PEG of 8.5

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer DurablesChemicalsPaints

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	ASIANPAINT	2470.00	49.72	236921.85	1.11	1559.45	39.60	10541.94	18.12	28.22	20.93
2.	BERGEPAINT	458.35	43.93	53443.74	0.87	405.01	28.56	3583.75	11.97	23.14	17.28
3.	KANSAINER	188.95	25.46	15281.88	1.32	228.41	5.95	2373.59	9.79	12.44	13.83
4.	JSWDULUX	3155.90	7.32	14372.07	6.53	79.70	-12.42	965.00	-3.02	125.82	11.93
5.	INDIGOPNTS	1089.85	32.33	5202.14	0.46	41.70	60.04	369.67	19.69	18.37	16.78
6.	SIRCA	426.60	36.15	2422.78	0.47	16.21	14.09	130.00	13.80	20.28	18.62

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	288	279	354	385	311	300	343	388	309	312	359	425	370
	239	237	292	300	264	258	285	300	265	266	290	330	324
Operating Profit	49	42	62	85	47	42	57	87	44	47	68	96	46
OPM %	17.02%	15.10%	17.59%	21.98%	15.23%	13.86%	16.69%	22.56%	14.34%	14.91%	19.05%	22.47%	12.40%
	4	3	3	4	4	5	3	6	6	3	-2	0	10
Interest	0	1	1	0	1	1	1	2	1	1	1	1	1
Depreciation	10	11	15	16	15	15	15	13	15	15	15	15	16
Profit before Tax	42	33	50	73	36	31	45	79	35	34	50	80	56
Tax %	25.58%	24.33%	25.00%	25.13%	25.30%	27.17%	20.42%	27.02%	25.04%	25.23%	26.22%	25.68%	25.57%
Net Profit	0	0	0	0	27	22	36	57	26	25	37	59	42
	6.52	5.33	7.82	11.28	5.50	4.76	7.56	11.94	5.44	5.27	7.63	12.10	8.76

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	135	1,073	1,306	1,341	1,405	1,466
	141	892	1,068	1,107	1,150	1,210
Operating Profit	-5	182	238	233	255	256
OPM %	-3.81%	16.91%	18.23%	17.42%	18.13%	17.49%
	1	10	14	18	7	11
Interest	1	1	2	4	3	3
Depreciation	1	34	52	59	60	61
Profit before Tax	-6	156	199	190	198	220
Tax %	-2.20%	15.36%	25.05%	25.16%	25.62%	25.71%
Net Profit	-6	132	149	142	148	163
EPS	-132.12	27.67	30.94	29.76	30.43	—
Dividend Payout %	0.00%	12.62%	11.31%	11.76%	16.43%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 9%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 3%

STOCK PRICE CAGR

10 Years:: —
5 Years:: -16%
3 Years:: -11%
1 Year:: -5%

RETURN ON EQUITY

10 Years:: —
5 Years:: 14%
3 Years:: 16%
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	48	48	48	48
	129	719	842	966	1,091
	29	12	60	71	78
Trade Payables	58	199	229	177	218
	30	84	92	181	252
Total Liabilities	246	1,062	1,270	1,442	1,687
	102	265	591	568	590
Capital Work in Progress	0	251	17	136	220
	35	132	167	226	300
	29	118	171	154	178
	0	0	223	244	286
Cash & Bank	11	49	33	37	32
	69	248	69	77	81
Total Assets	246	1,062	1,270	1,442	1,687

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	18	141	151	206	223
Cash from Investing	-123	-84	-152	-178	-196
Cash from Financing	108	-20	-23	-24	-32
	2	12	-24	4	-5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2016	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	53.94	53.92	53.92	53.92	53.92	53.88	53.88	53.88	53.88
	8.28	12.31	12.50	12.41	11.71	11.81	11.21	7.42	5.73
	1.07	16.13	17.06	16.74	19.29	19.68	21.13	23.00	25.25
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	36.72	17.64	16.52	16.92	15.08	14.64	13.78	15.71	15.15

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-12

Shareholders meeting

2026-09-12 - Indigo Paints Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 12, 2026

2026-09-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - Indigo Paints Limited has informed the Exchange about Transcript

2026-08-22

Copy of Newspaper Publication

2026-08-22 - Indigo Paints Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-21

Shareholders meeting

2026-08-21 - Indigo Paints Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 12, 2026

2026-08-15

Copy of Newspaper Publication

2026-08-15 - Indigo Paints Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-14

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-14 - Indigo Paints Limited has informed the Exchange about Link of Recording

2026-08-13

Investor Presentation

2026-08-13 - Indigo Paints Limited has informed the Exchange about Investor Presentation

2026-08-13

General Updates

2026-08-13 - Indigo Paints Limited has informed the Exchange about Acquisition

2026-08-13

Shareholders meeting

2026-08-13 - Indigo Paints Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 12, 2026

News

Recent coverage and analyst commentary for INDIGOPNTS

Loading news…

🤖

AI Stock Analyst

Indigo Paints Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

ASIANPAINT

2470.00

49.72

236921.85

1.11

1559.45

39.60

10541.94

18.12

28.22

20.93

BERGEPAINT

458.35

43.93

53443.74

0.87

405.01

28.56

3583.75

11.97

23.14

17.28

KANSAINER

188.95

25.46

15281.88

1.32

228.41

5.95

2373.59

9.79

12.44

13.83

JSWDULUX

3155.90

7.32

14372.07

6.53

79.70

-12.42

965.00

-3.02

125.82

11.93

INDIGOPNTS

1089.85

32.33

5202.14

0.46

41.70

60.04

369.67

19.69

18.37

16.78

SIRCA

426.60

36.15

2422.78

0.47

16.21

14.09

130.00

13.80

20.28

18.62

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

288

279

354

385

311

300

343

388

309

312

359

425

370

239

237

292

300

264

258

285

300

265

266

290

330

324

Operating Profit

OPM %

17.02%

15.10%

17.59%

21.98%

15.23%

13.86%

16.69%

22.56%

14.34%

14.91%

19.05%

22.47%

12.40%

-2

Interest

Depreciation

Profit before Tax

Tax %

25.58%

24.33%

25.00%

25.13%

25.30%

27.17%

20.42%

27.02%

25.04%

25.23%

26.22%

25.68%

25.57%

Net Profit

6.52

5.33

7.82

11.28

5.50

4.76

7.56

11.94

5.44

5.27

7.63

12.10

8.76

Mar 2016

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

135

1,073

1,306

1,341

1,405

1,466

141

892

1,068

1,107

1,150

1,210

Operating Profit

-5

182

238

233

255

256

OPM %

-3.81%

16.91%

18.23%

17.42%

18.13%

17.49%

Interest

Depreciation

Profit before Tax

-6

156

199

190

198

220

Tax %

-2.20%

15.36%

25.05%

25.16%

25.62%

25.71%

Net Profit

-6

132

149

142

148

163

EPS

-132.12

27.67

30.94

29.76

30.43

—

Dividend Payout %

0.00%

12.62%

11.31%

11.76%

16.43%

—

Mar 2016

Mar 2023

Mar 2024

Mar 2025

Mar 2026

129

719

842

966

1,091

Trade Payables

199

229

177

218

181

252

Total Liabilities

246

1,062

1,270

1,442

1,687

102

265

591

568

590

Capital Work in Progress

251

136

220

132

167

226

300

118

171

154

178

223

244

286

Cash & Bank

248

Total Assets

246

1,062

1,270

1,442

1,687

Mar 2016

Mar 2023

Mar 2024

Mar 2025

Mar 2026

141

151

206

223

Cash from Investing

-123

-84

-152

-178

-196

Cash from Financing

108

-20

-23

-24

-32

-24

-5

Mar 2016

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

53.94

53.92

53.88

8.28

12.31

12.50

12.41

11.71

11.81

11.21

7.42

5.73

1.07

16.13

17.06

16.74

19.29

19.68

21.13

23.00

25.25

Government

0.00

36.72

17.64

16.52

16.92

15.08

14.64

13.78

15.71

15.15

Indigo Paints Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Indigo Paints Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI