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Indigo Paints Limited

Indigo Paints Limited

INDIGOPNTS.BO
Indigo Paints LimitedIN flagBombay Stock Exchange
1,067.15
INR
-10.15
- -
50.82BMarket Cap
Indigo Paints Limited
INDIGOPNTS.BO
(Bombay Stock Exchange)

Recent

price

1,067.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
89.41
118.66
137.87
158.06
189.47
224.56
273.17
281.45
- -
281.35
Revenue per Share
2.88
5.98
10.6
15.55
17.67
27.73
30.95
29.76
- -
29.7
Basic EPS, GAAP
0.92
-2.72
2.43
12.13
-11.69
-17.48
9.8
14.58
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
3
3.5
3.5
- -
- -
Dividend per Share
0.86
6.93
17.52
36.94
53.07
77.8
105.2
131.37
- -
- -
Book Value per Share
15.21
21.87
32.78
116.9
130.11
156.66
176.63
204.02
- -
- -
Tangible Book Value per Share
45
45
45
46
48
48
48
48
- -
48
Basic Weighted Avg Shares
3,994
5,328
6,218
7,200
9,013
10,683
13,004
13,407
14,050
13,386
Sales/Revenue/Turnover
4.44
7.12
11.52
13.73
11.66
13.82
14.34
13.05
13.85
12.87
Operating Margin (%)
90
171
196
244
313
343
516
585
602
581
Depreciation Expense
129
269
478
709
840
1,319
1,473
1,418
1,451
1,413
Net Income, GAAP
- -
20.29
29.09
27.64
26.46
15.36
25.05
25.16
25.62
25.1
Effective Tax Rate (%)
3.22
5.04
7.69
9.84
9.33
12.35
11.33
10.57
10.33
10.56
Profit Margin (%)
227
221
260
3,140
3,282
2,547
3,385
3,962
4,441
- -
Working Capital
137
323
275
55
77
69
125
140
118
- -
LT Debt
1,275
1,475
1,971
5,635
6,499
7,761
9,021
10,306
11,540
- -
Total Equity
- -
15.68
21.6
17.11
12.3
16.94
16.25
13.2
12.9
- -
Return on Invested Capital (%)
- -
33.13
38
44.52
38.48
41.15
32.6
24.51
40.1
227.42
Return on Capital (%)
- -
153.85
86.85
57.3
39.95
42.38
33.83
25.17
43.09
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
133
- -
LT Borrowings
- -
9
- -
LT Finance Leases
- -
131
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
48
- -
Market Capitalization
66,655
44,916
55,264

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
6,850
- -
Cash, Cash Equivalents & STI
- -
2,632
- -
Accounts Receivable, Net
- -
2,439
- -
Inventories
- -
1,536
- -
Total Current Liabilities
- -
2,888
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
133
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

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
- -
14.67%
4.8%
Total Cash Common Dividend
- -
- -
0.03%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,884
2,790
3,538
3,792
13,004
2025
3,110
2,995
3,426
3,876
13,407
2026
3,089
3,588
4,253
- -
14,050

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6.52
5.33
7.82
- -
30.95
2025
5.5
4.76
7.56
11.94
29.76
2026
5.44
7.63
12.1
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.5
2025
- -
- -
- -
- -
3.5
2026
- -
- -
- -
- -
- -
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Business
Indigo Paints Limited manufactures, sells and distributes a broad portfolio of decorative paints and related products in India; its core offerings include interior and exterior emulsions such as Premium XT, Sheen Emulsion, Stainfree Interior Emulsion, Neem Protect Interior Emulsion and Leakproof Emulsion; enamels including PU Enamel and satin enamel paints; wood coatings under the Sleek brand; putties and primers like Dampseal XT Primer and Dampseal Interior Primers; waterproofing and construction chemicals solutions; distempers; cement paints; and ancillary products such as aluminium paint, stone and tile paint. Founded in 2000 and headquartered in Pune, Maharashtra, the company operates five manufacturing facilities in Jodhpur, Kochi and Pudukkottai with a total liquid paint capacity of approximately 160,000 KLPA; it maintains a nationwide distribution network across 27 states and seven union territories, serving residential, commercial and infrastructure customers through over 18,000 active dealers and more than 11,000 tinting machines. In recent developments, Indigo Paints acquired a 51% stake in Apple Chemie India Private Limited in 2023 to enter the waterproofing and construction chemicals segment, which posted 24% revenue growth in FY24 and 47% in Q1FY25 while supplying major projects like Mumbai Trans Harbour Link and Atal Setu; the company launched new products including Stainfree Emulsion, Wallseal XT Emulsion and Dampseal primers in FY25; it is expanding capacity at Jodhpur with a 90,000 KLPA water-based paint plant, 12,000 KLPA solvent-based facility and doubled putty production, slated for commissioning in late FY26 and early FY27 at a combined capex of around 340 crore rupees; and it sustained industry-leading gross margins of 46.52% amid tepid FY25 demand, achieving consolidated revenue of 1,341 crore rupees, EBITDA of 233 crore rupees and PAT of 142 crore rupees.