INDIGOPNTS

Indigo Paints Ltd.

NSE: INDIGOPNTS

BSE: 543258

Sector: Consumer Durables

Industry Group: Consumer Durables

Industry: Paints

1,151.10-0.7 (-0.06%)

24 Aug, 1:29 PM

Overview

Analysis Statements Technicals Forecast Peers Resources News

Stock Scores

Quality Score

84.3 / 100

Value Score

39.2 / 100

Price Momentum Score

68.3 / 100

QVM Score

77.4 / 100

Key Metrics

Market Cap

5496.46

P/E (TTM)

34.16

P/B

4.76

P/S (TTM)

3.75

EV/EBITDA

19.03

CAPE (5Y)

41.28

ROE (TTM)

13.28

ROCE (TTM)

17.43

ROA (TTM)

9.55

Avg 3Y ROE

15.17

Earnings 3Y CAGR

3.89

Sales 3Y CAGR

8.81

Sales 5Y CAGR

14.20

Debt/Equity

0.02

Consensus TP

1300.00

Strong Buy %

50.00

Promoter Holding

53.88

Pledged %

0.00

Stock Analysis

Fundamental analysis overview of Indigo Paints Ltd. covering key investment insights, growth drivers, risk factors, and potential red flags.

Views

Red Flags

Positive

Analysts have been raising forward EPS estimates

Analyst EPS estimate (consensus) for forward EPS has increased by 5.52% in the last 3 months, indicating earnings momentum

What is Earnings upgrade (3M)?

Moderate operating margin but improving trend

The company reported moderate operating margin of 14.43% for 12-month ended 30 Jun 2026 but operating margin improved by 155 bps from 1 year ago

What is Operating profit margin?

Moderate EPS growth and above median growth of industry

The company delivered moderate EPS growth of 13.61% for 12-month ended 30 Jun 2026 and the growth was 3.43 percentage points higher than median growth of industry

What is EPS growth (1Y)?

Low Debt to Equity, not much change from last year

The company has low Debt to Equity of 0.02 as on 30 Jun 2026 and Debt to Equity decreased marginally by 0.01 in the last 1 year

What is Debt to Equity?

Company's earnings are of high quality

Earnings quality score of 71.3 indicates that the company's earnings are of high quality. Earnings quality is measured using combination of earnings persistence, probability of manipulation and earnings to cash conversion

What is Earnings quality score?

71.3 / 100

Consistently pays dividend

The company has not missed dividend payments once in the last 4 financial years

What is Dividend streak?

Company is net cash

The company is net cash i.e., cash and cash equivalents exceed total debt indicating a healthy balance sheet

What is Net Debt ?

Negative

Expensive and at same valuation levels as industry median P/E

PE TTM of 34.16 indicates that the stock is expensive on a standalone basis. Discount to industry median P/E is modest at -5.64%

What is P/E Ratio?

Median: 36.2

Value 34.16

7.2396

Low dividend yield

The company has a low dividend yield of 0.43%

What is Dividend yield?

Neutral

Moderate and stable ROE

The company reported moderate ROE of 13.28% for 12-month ended 30 Jun 2026 and ROE declined marginally by -138 bps from 1 year ago

What is ROE (FY)?

Low revenue growth but above median growth of industry

The company delivered low revenue growth of 9.51% for 12-month ended 30 Jun 2026 but the growth was 4.28 percentage points higher than median growth of industry

What is Sales growth (1Y)?

Median: 5.23

Value 9.51

-11.8724.1

Financial Snapshot

See detailed analysis

Multi-year trends for Indigo Paints Ltd. covering revenue, net profit, ROE, and EBITDA for a quick view of financial health over time.

Net Revenue FY

Profit After Tax FY

ROE FY

EBITDA FY

Indigo Paints Ltd. Shareholding Pattern

Quarterly breakdown of Indigo Paints Ltd. ownership including promoter, FII, DII, mutual fund, and public holdings as disclosed to NSE/BSE.

	Sep 2017	Sep 2018	Sep 2019	Jul 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	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	Dec 2025	Mar 2026	Jun 2026
Total Promoter	95.67	95.67	94.82	94.26	54.00	54.00	54.00	54.00	54.00	54.00	54.00	54.00	53.98	53.98	53.95	53.94	53.94	53.94	53.92	53.92	53.92	53.92	53.88	53.88	53.88	53.88
Indian Promoter	95.67	95.67	94.82	94.26	54.00	54.00	54.00	54.00	54.00	54.00	54.00	54.00	53.98	53.98	53.95	53.94	53.94	53.94	53.92	53.92	53.92	53.92	53.88	53.88	53.88	53.88
Foreign Promoter	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Institutions	0.00	0.00	0.00	0.00	13.82	14.34	14.14	13.55	12.55	12.48	11.89	13.53	12.00	11.78	11.04	10.54	9.69	9.34	28.44	29.56	29.15	30.99	31.48	32.34	30.41	30.98
Mutual Funds / UTI	0.00	0.00	0.00	0.00	2.07	1.77	1.62	1.60	0.81	0.79	0.76	0.56	0.54	0.54	0.62	0.57	0.78	0.31	14.89	16.09	15.86	18.55	19.13	20.80	22.69	23.98
FI/Bank/Insurance	0.00	0.00	0.00	0.00	0.29	0.27	0.23	0.23	1.99	1.87	1.54	2.04	1.92	1.61	1.06	0.77	0.81	0.39	0.39	0.15	0.15	0.33	0.15	0.00	0.00	0.93
Govt	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FII	0.00	0.00	0.00	0.00	10.67	11.75	11.56	10.92	8.94	9.08	8.82	10.19	8.80	8.90	8.75	8.77	7.73	8.28	12.31	12.50	12.41	11.71	11.81	11.21	7.42	5.73
Other Institutions	0.00	0.00	0.00	0.00	0.79	0.55	0.74	0.79	0.81	0.74	0.77	0.74	0.74	0.73	0.61	0.43	0.37	0.37	0.85	0.82	0.73	0.41	0.40	0.33	0.31	0.34
Non-Institution	4.33	4.33	5.18	5.74	32.18	31.66	31.86	32.45	33.46	33.52	34.11	32.47	34.02	34.25	35.01	35.52	36.37	36.72	17.64	16.52	16.92	15.08	14.64	13.78	15.71	15.15
Bodies Corporate	0.00	0.00	0.00	0.00	0.33	0.16	0.21	0.30	0.39	0.42	0.43	0.58	0.58	0.55	0.34	0.24	0.28	0.25	0.90	0.46	0.34	0.33	0.31	0.36	0.69	0.34
Others (incl. Retail) No. of shareholders	4.33 2	4.33 2	5.18 2	5.74 0	31.85 85,827	31.50 77,632	31.65 75,814	32.15 78,628	33.07 86,251	33.10 86,207	33.68 93,548	31.89 1,11,562	33.44 1,22,153	33.70 1,21,441	34.67 1,36,481	35.28 1,39,542	36.09 1,43,156	36.47 1,44,730	16.74 1,49,052	16.06 1,56,243	16.58 1,58,430	14.75 1,59,478	14.33 1,52,626	13.42 1,42,173	15.02 1,43,922	14.81 1,39,067

Holdings and Presence

Indices and prominent investors with a stake in this stock.

Index Presence

#	Index	Weight	Rank
1	Nifty Microcap 250	0.27%	154 / 250
2	Nifty Total Market	0.01%	632 / 749

Bulk, Block and Insider Trades

Recent bulk deals, block deals, and insider trading activity in Indigo Paints Ltd. shares as reported to NSE and BSE.

Name	Month	Transaction	Holding % pre transaction	Average price	Qty.	Transaction value
NARAYANANKUTTY KOTTIEDATH VENUGOPAL Director	February-2023	Market Sale (Disposal) 21st Feb 2023	0.02 %	₹ 1,055.13	1.30 k	₹ 13.73 lac
Sequoia Capital India Investments IV Designated Person	November-2022	Market Sale (Disposal) 12th Nov 2022	13.73 %	₹ 132.39	7.50 lac	₹ 9.94 cr
SCInInvestment V Designated Person	November-2022	Market Sale (Disposal) 11th Nov 2022	14.81 %	₹ 1,323.83	8.10 lac	₹ 107.17 cr
Sunil Yadav Designated Person	June-2022	Market Sale (Disposal) 4th Jun 2022	0.00 %	₹ 1,662.50	100.00	₹ 1.66 lac
Sunil Yadav Designated Person	June-2022	Market Sale (Disposal) 3rd Jun 2022	0.00 %	₹ 1,595.00	40.00	₹ 63.80 k
Sunil Yadav Designated Person	June-2022	Market Sale (Disposal) 2nd Jun 2022	0.00 %	₹ 1,625.48	635.00	₹ 10.32 lac
Sunil Yadav Designated Person	June-2022	Market Sale (Disposal) 2nd Jun 2022	0.00 %	₹ 1,700.00	25.00	₹ 42.50 k
K.V.Narayanan Kutty Director	February-2021	Market Sale (Disposal) 12th Feb 2021	0.25 %	₹ 2,673.79	1.10 lac	₹ 29.41 cr
Pavan Sharma Designated Person	February-2021	Market Sale (Disposal) 12th Feb 2021	0.05 %	₹ 2,644.96	9.80 k	₹ 2.59 cr
Pavan Sharma Designated Person	February-2021	Market Sale (Disposal) 12th Feb 2021	0.03 %	₹ 2,700.00	1.00 k	₹ 27.00 lac

…

Corporate Actions

History of Indigo Paints Ltd. dividends, bonus issues, stock splits, rights issues, and other corporate events.

Dividend₹ 5/share
Record date: 4th Sep 2026Ex-date: 4th Sep 2026
Announced on: 22nd May 2026
Dividend₹ 3.50/share
Record date: 22nd Aug 2025Ex-date: 22nd Aug 2025
Announced on: 24th May 2025
Dividend₹ 3.50/share
Record date: 2nd Aug 2024Ex-date: 2nd Aug 2024
Announced on: 22nd May 2024
Dividend₹ 3.50/share
Record date: 29th Jul 2023Ex-date: 28th Jul 2023
Announced on: 26th May 2023
Dividend₹ 3/share
Record date: 26th Aug 2022Ex-date: 25th Aug 2022
Announced on: 20th May 2022

Company Profile

Overview of Indigo Paints Ltd. covering business description, industry classification, key management, financial ratios, and listed exchange details.

Indigo Paints Limited is an India-based company. The Company is engaged in providing interior and exterior emulsions, enamels, putties, primers, wood coatings and distempers. It also provides waterproofing solutions and construction chemicals. Its interior emulsion products include Luxury Interior E...

Key personnel

Mr. Chetan Bhalchandra Humane

Chief Financial Officer

Ms. Sayalee Yengul

Compliance Officer, Company Secretary

Mr. Srihari Santhakumar

Investor Relations

Mr. Srihari Santhakumar

Investor Relations

Shri. Hemant Kamala JalanD

Chairman of the Board, Managing Director

Mr. Narayanankutty Kottiedath VenugopalD

Executive Director

Mr. Parag Hemant JalanD

Non-Executive Director

Ms. Ashwini DeshpandeD

Non-Executive Independent Director

View all

Incorporated on

28 Mar 2020

Last Annual

31 Mar 2026

Last Interim

30 Jun 2026

No. of Employees

1,188

IPO date

02 Feb 2021

Free Float

2,20,46,022

Website

https://indigopaints.com/

Phone no.

+912066814300

Address

Street 5, Pallod Farms II, Baner, PUNE, 411045, India

Frequently Asked Questions

What is the current share price of Indigo Paints Ltd.?

The current share price of Indigo Paints Ltd. is ₹ 1,151.10 as of 24 Aug 2026.

What is the market capitalisation of Indigo Paints Ltd.?

The market capitalisation of Indigo Paints Ltd. stands at ₹ 5,496.46 Cr.

What is the PE ratio of Indigo Paints Ltd.?

The Price-to-Earnings (PE) ratio of Indigo Paints Ltd. is 34.16 as of the latest trailing twelve months data.

What is the ROE and ROCE of Indigo Paints Ltd.?

Indigo Paints Ltd. has a Return on Equity (ROE) of 13.28% and a Return on Capital Employed (ROCE) of 17.43% as per the latest financial reports.

What is the 52-week high and low of Indigo Paints Ltd.?

The 52-week high of Indigo Paints Ltd. is - and the 52-week low is -.

What is the dividend yield of Indigo Paints Ltd.?

The dividend yield of Indigo Paints Ltd. is 0.43% based on the current market price.

What is the FII and DII holding in Indigo Paints Ltd.?

Foreign Institutional Investors (FII) hold 5.73%, Domestic Institutional Investors (DII) hold 24.91% and retail/public investors hold 14.81% of Indigo Paints Ltd. shares.

What sector does Indigo Paints Ltd. belong to?

Indigo Paints Ltd. operates in the Consumer Durables sector. 62.5% of analysts have a Buy or Strong Buy rating on Indigo Paints Ltd. with a consensus target price of ₹ 1,300.00, implying 12.9% upside from current levels.

What is the beta of Indigo Paints Ltd.?

The beta of Indigo Paints Ltd. is 1.19, indicating its price volatility relative to the broader market. Over the past 1 year, Indigo Paints Ltd. has delivered an absolute return of 4.76%.

What is the RSI of Indigo Paints Ltd.?

The 14-day Relative Strength Index (RSI) of Indigo Paints Ltd. is 60.82, placing it approaching overbought territory. An RSI above 70 is considered overbought and below 30 is considered oversold.

Indigo Paints Ltd.

Stock Scores

Key Metrics

Share Price

Stock Analysis

Financial Snapshot

Indigo Paints Ltd. Shareholding Pattern

Holdings and Presence

Bulk, Block and Insider Trades

Corporate Actions

Company Profile

Frequently Asked Questions

Stock Analysis

Corporate Actions

Holdings and Presence

Company Profile