43% Sell
Indigo Paints Share Price
INDIGOPNTS
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Company overview
About
Market cap
| Open₹1,339.85 | Close₹1,312.25 |
Circuit range₹1,574.70 - ₹1,049.80 | Day range₹1,308.00 - ₹1,339.85 | Year range₹1,080.35 - ₹1,679.95 |
Volume25,308 | Avg. traded₹1,318.70 | Revenue (12m)₹1,247 Cr |
Indigo Paints is one of the largest paint manufacturers in India. The company began operations in the lower-end cement paints segment in 2000. It has expanded into a vast category of paints and related products like emulsions, distempers and primers.
The company started operations in Pune, Maharashtra, before expanding to several states across India. The company, founded in 2000, started out with manufacturing of cement paints. Indigo Paints later entered the new segments like water-based paints like exterior emulsions, interior emulsions and distempers, primers.
A few years ago, it clubbed all its subsidiary brands and product lines under one umbrella. By the end of 2020, the company decided to go public. It got converted to Indigo Paints Limited from Indigo Paints Private Limited.
In January 2021, Indigo Paints launched its IPO. As of January 11, 2024, Indigo Paints’ market capitalisation stood at over ₹7,000 crore. Indigo Paints share price has gained over 15% in the last one year.
Business operations
The company has grown exponentially to become one of the country's largest paint manufacturers and distributors. Right from the beginning, it started targeting business operations nationwide.
Indigo Paints has three large-scale manufacturing units in Jodhpur in Rajasthan, Kochi in Kerala and Pudukkottai in Tamil Nadu, producing over 1,00,000 kilolitres of end product annually. Its products are available across 28 states. The key differentiator for Indigo Paints’ products has been their unique approach to the market and innovative ideas like the first metallic paint for the walls.
The company offers its products in different categories including interior emulsions, exterior emulsions, exterior and interior emulsions, waterproofing solutions, enamels, putties and wood coating for both domestic and industrial use. Indigo Paints also manufactures aluminium paint, universal stainer, stone and tile paints and roof paint.
The company has a vast network of over 16,000 active dealers and 8,273 tinting machines in India. The combined capacity utilisation of three of their plants is about 48%, leaving them room to acquire an even larger customer base. Close to 46% of the sales for Indigo Paints come from the South Indian states. Indigo Paints in April 2023 acquired a 51% stake in Apple Chemie to expand its operations into the construction chemicals and waterproofing solutions market.
Financial Highlights
The company’s revenue from operations in FY23 stood at ₹1,073 crore, up by 18.4% compared to ₹906 crore in FY22. Its EBITDA (earnings before interest, taxes, depreciation, and amortisation) increased to ₹181.5 crore as against ₹136 crore for the previous year, registering a growth of 33.5%. Profit after Tax (PAT) of the company increased to ₹132 crore as against ₹84 crore for the previous year, registering a growth of 57% year-on-year. Its EBITDA margin stood at 16.91% in FY23 compared to 15.01% in FY22. The earnings per share (EPS) in FY23 stood at ₹27.73, compared to ₹17.67 in FY22.
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Indigo Paints Key indicators
52 week high₹1,679.95 | 52 week low₹1,080.35 | P/E ratio44.31 |
P/B ratio | ROE18.67% | ROCE22.06% |
Dividend yield0.27% | Debt/Equity ratio | EPS27.73 |
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Analyst ratings:
Sell
Analyst ratings:
Sell29%
Hold
28%
Sell
43%
This analysis is based on the reviews of 7 experts in the last 7 days
Fundamentals
Financial ratios
Operating profit margin15.21% | Net profit margin10.47% |
ROE18.67% | ROA13.32% |
ROCE22.06% |
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Revenue statement
All values are in ₹ Crores (Cr)No data available at the moment
Cash flow
All values are in ₹ Crores (Cr)No data available at the moment
Balance sheet
All values are in ₹ Crores (Cr)No data available at the moment
Indigo Paints Share Price history
Day | Open | Close | Day’s change |
---|---|---|---|
Fri, Apr 19 2024 | ₹1,314.95 | ₹1,312.25 | -0.21% |
Thu, Apr 18 2024 | ₹1,348.00 | ₹1,315.65 | -2.46% |
Tue, Apr 16 2024 | ₹1,329.45 | ₹1,321.20 | -0.62% |
Mon, Apr 15 2024 | ₹1,301.15 | ₹1,329.50 | |
Fri, Apr 12 2024 | ₹1,349.80 | ₹1,347.80 | -0.15% |
Wed, Apr 10 2024 | ₹1,348.95 | ₹1,338.75 | -0.76% |
Tue, Apr 9 2024 | ₹1,379.80 | ₹1,329.00 | -3.82% |
Mon, Apr 8 2024 | ₹1,410.00 | ₹1,365.20 | -3.28% |
Events
Corporate actions
Dividend • ₹3.5/share
Ex date 28 Jul 2023
Dividend • ₹3/share
Ex date 25 Aug 2022
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