1. Indigo Paints
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43% Sell

Indigo Paints Share Price

INDIGOPNTS

₹1,353.25+₹14.50 (1.08%) Past Year
₹1,337.70₹1,357.20
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Company overview

About

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Market cap

Market Cap Switch₹6,683 Cr

Open

₹1,349.80

Close

₹1,338.75

Circuit range

₹1,606.50 - ₹1,071.00

Day range

₹1,337.70 - ₹1,357.20

Year range

₹1,057.50 - ₹1,679.95

Volume

14,634

Avg. traded

₹1,349.81

Revenue (12m)

₹1,247 Cr

Indigo Paints

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

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52 week high

₹1,679.95

52 week low

₹1,057.50

P/E ratio

P/B ratio

ROE

18.67%

ROCE

22.06%

Dividend yield

0.26%

Debt/Equity ratio

EPS

27.73

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Investment checklist: (5/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Sell

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Buy

29%

Hold

28%

Sell

43%

This analysis is based on the reviews of 7 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

15.21%

Net profit margin

10.47%

ROE

18.67%

ROA

13.32%

ROCE

22.06%

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Indigo Paints Shareholder returns

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1 day

+0.73%

1 week

-3.85%

1 month

-1.82%

3 months

-9.58%

1 year

+24.96%

3 years

-42.90%

5 years

-57.05%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Indigo Paints Share Price history

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DayOpenCloseDay’s change
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%
Fri, Apr 5 2024
₹1,406.95
₹1,394.65
-0.88%
Thu, Apr 4 2024
₹1,393.00
₹1,393.00
---%
Wed, Apr 3 2024
₹1,358.00
₹1,392.35
+2.47%
Tue, Apr 2 2024
₹1,320.00
₹1,344.75
+1.84%
Mon, Apr 1 2024
₹1,274.00
₹1,313.30
+2.99%

Shareholding info

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Promoters (53.94%)

Mutual Funds (0.57%)

Retail and other (35.52%)

Foreign institutions-FII (8.77%)

Other domestic institutions (1.2%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹3.5/share

    Ex date 28 Jul 2023

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  • Dividend • ₹3/share

    Ex date 25 Aug 2022

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Frequently asked questions