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Indigo Paints Limited

Indigo Paints Limited

INDIGOPNTS.NS
Indigo Paints LimitedIN flagNational Stock Exchange of India
1,041.00
INR
-9.30
- -
49.63BMarket Cap
Indigo Paints Limited
INDIGOPNTS.NS
(National Stock Exchange of India)

Recent

price

1,041.00

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
66,658
44,845
55,293

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 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.