1. India Stocks

  2. •

    Process industries

  3. •

    Industrial specialties
Indigo Paints Ltd

Indigo Paints Ltd

1,015.05
INR
+12.10
(+1.21%)
34.11EPS
29.87P/E
48.30BMarket Cap
Oct 30Next Earn
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
89.41
118.66
137.87
158.06
189.47
224.56
273.17
280.18
293.5
305.28
Basic EPS, GAAP
2.88
5.98
10.6
15.55
17.67
27.73
30.95
29.76
30.44
33.91
Free Cash Flow per Basic Share
0.92
-2.72
2.43
12.13
-11.69
-17.48
9.8
14.58
18.39
- -
Dividend per Share
- -
- -
- -
- -
- -
3
3.5
3.5
3.5
- -
Book Value per Share
22.95
27.15
37.58
118.46
136.61
163.09
189.44
216.35
242.05
- -
Tangible Book Value per Share
14.28
20.64
31.08
111.94
130.11
156.61
176.57
204.02
230.3
- -
Basic Weighted Avg Shares
45
45
45
46
48
48
48
48
48
48
Sales/Revenue/Turnover
3,994
5,328
6,218
7,200
9,013
10,683
13,004
13,345
13,988
14,626
Operating Margin (%)
4.44
7.12
11.52
13.73
11.66
13.82
14.34
13.11
13.96
14.32
Depreciation Expense
90
171
196
244
313
343
516
585
602
608
Net Income, GAAP
129
269
478
709
840
1,319
1,473
1,418
1,451
1,625
Effective Tax Rate (%)
- -
20.29
29.09
27.64
26.46
15.36
25.05
25.16
25.62
25.67
Profit Margin (%)
3.22
5.04
7.69
9.84
9.33
12.35
11.33
10.62
10.37
11.11
Working Capital
227
221
260
3,140
3,282
2,547
3,385
3,962
4,441
- -
LT Debt
137
323
275
55
77
69
125
140
118
- -
Total Equity
1,275
1,475
1,971
5,635
6,499
7,761
9,021
10,306
11,540
- -
Return on Invested Capital (%)
- -
15.18
21.54
16.98
12.26
17
16.31
13.23
12.58
- -
Return on Capital (%)
- -
15.76
22.02
17.83
13.77
18.36
17.22
14.52
12.94
- -
Return on Common Equity (%)
- -
22.55
31.06
19.09
13.85
18.51
17.56
14.67
13.28
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
94
- -
LT Borrowings
- -
3
- -
LT Finance Leases
- -
115
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
48
48
48
Market Capitalization
54,446
33,938
48,295

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
8,114
- -
Cash, Cash Equivalents & STI
- -
3,320
- -
Accounts Receivable, Net
- -
2,855
- -
Inventories
- -
1,782
- -
Total Current Liabilities
- -
3,673
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
94
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
15.44%
11.97%
Free Cash Flow
- -
-46.41%
26.18%
Net Income, GAAP
- -
17.17%
2.34%
Sales/Revenue/Turnover
- -
14.58%
4.82%
Total Cash Common Dividend
- -
- -
0.03%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
3,110
2,995
3,426
3,876
13,345
2026
3,089
- -
3,588
4,253
13,988
2027
3,697
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
5.5
4.76
7.56
11.94
29.76
2026
5.44
- -
7.63
12.1
30.44
2027
8.76
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
3.5
2026
- -
- -
- -
- -
3.5
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Hemant Kamala Jalan
Full Time Employees
2,489
Sector
Process industries
Industry
Industrial specialties
Address
Indigo Tower Pune MA India 411045
IPO Date
Feb 2, 2021
Website
indigopaints.com
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Business
Indigo Paints Limited manufactures and markets a wide range of premium decorative paints and coatings in India. The company offers interior wall paints including emulsions, primers, putties, and textured finishes under brands such as Indigo Luxe, Indigo Luxe Matt, Indigo Silk, Indigo Impressions, and Indigo Advance; exterior wall paints like Indigo NXT Shield, Indigo Weathercoat, and Indigo Sandex; enamel paints comprising Indigo Enamel, Indigo Gloss, and Indigo Satin; wood finishes such as Indigo WoodShield and Indigo Teak Shield; and ancillary products including distempers, heat-resistant paints, and waterproofing solutions. Indigo Paints operates primarily in the Indian decorative paints sector, targeting residential, commercial, and industrial customers through a network of over 200 branches and dealers across 28 states and union territories. Founded in 2000 and headquartered in Bangalore, India, the company focuses on premium quality products with a strong emphasis on innovation and sustainability. In recent developments, Indigo Paints expanded its manufacturing capacity with the commissioning of a new greenfield plant in Odisha in fiscal 2024, increasing total capacity to over 200,000 kiloliters per annum to meet growing demand. The company entered into strategic distribution partnerships with regional players in South India during 2025 to enhance market penetration in underserved areas. Additionally, Indigo Paints launched its premium "Indigo Luxe Pearl" emulsion range in early 2025, featuring advanced pearl shimmer technology for luxury interiors, alongside eco-friendly low-VOC product lines to align with regulatory and consumer trends toward sustainability. No major acquisitions, funding rounds, or name changes have been reported in the last two years.