Indigo Paints Limited
₹998.10-₹13.25 (-1.3%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹5,829 Cr
- P/E
- 40.1x
- EV / EBITDA
- 23.4x
- Revenue
- ₹1,277 Cr
- Net margin
- 11.9%
- ROCE
- 25.0%
Price chart
Technical chartScreen technicals →-1.3% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -8.6%
- 3M
- -7.8%
- 6M
- +16.1%
- 1Y
- -1.3%
- 5Y
- -57.5%
52-week range
Day change -₹13.25 (-1.3%) from ₹1,011 to ₹998 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in INDIGOPNTS, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 25.4%
Concerns0
Rule-based from financial data. Not advice.
About the company
Indigo Paints Limited manufactures and sells decorative paints in India and internationally. The company offers interior and exterior emulsions, enamels, putties and primers, and sleek wood coatings, as well as other products, including leakproof emulsions; aluminium paints, stone and tiles paints, roof paints, stainers, interior lustre finish under the Indigo brand. The company was incorporated in 2000 and is headquartered in Pune, India.
- Sector
- Materials
- Shares outstanding
- 4.8 Cr shares
- ISIN
- INE09VQ01012
- BSE code
- 543258
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹5,829 Cr
- P/E
- 40.1x
- P/B
- 5.4x
- EV / EBITDA
- 23.4x
- EV / Sales
- 4.6x
- P/S
- 4.6x
- Earnings yield
- 2.5%
- 52-week high
- ₹1,325.75
- 52-week low
- ₹711.85
Profitability
- Operating margin
- 18.6%
- Net margin
- 11.9%
- EBITDA margin
- 19.6%
- ROE
- 16.3%
- ROCE
- 25.0%
- ROA
- 12.2%
- Dividend payout
- 11.0%
- Tax rate
- 25.0%
- Other income, % of PBT
- 6.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,277 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.8%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.0%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹246 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 28.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -3.4%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 25.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹152 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 31.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.1%
Solvency and efficiency
- Current ratio
- 2.27
- Debt / Equity
- 0.02
- Debt / Assets
- 0.01
- Debt / EBITDA
- 0.07
- Interest coverage
- 116.50
- Financial leverage
- 1.34
- CFO / Net profit
- 1.02
- Cash / Market cap
- 8.1%
- Cash per share
- ₹98.82
- Asset turnover
- 1.03
- Fixed asset turnover
- 2.29
- Capital intensity
- 0.44
- Debtor days
- 59 days
- Inventory turnover
- 3.92
- Cash conversion cycle
- 29 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹11 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹1,045 Cr |
| Sales | Operating profit | ₹232 Cr |
| Operating profit | Interest | ₹3 Cr |
| Operating profit | Depreciation | ₹54 Cr |
| Operating profit | Profit before tax | ₹175 Cr |
| Other income | Profit before tax | ₹17 Cr |
| Profit before tax | Tax and other | ₹48 Cr |
| Profit before tax | Net profit | ₹144 Cr |
Revenue and net profit
Revenue grew 1.8% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹723 Cr | ₹71 Cr |
| FY2022 | ₹906 Cr | ₹84 Cr |
| FY2023 | ₹1,073 Cr | ₹132 Cr |
| FY2024 | ₹1,255 Cr | ₹149 Cr |
| FY2025 | ₹1,277 Cr | ₹144 Cr |
Cash flows
FY2025: ₹205 Cr from operations, ₹30.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹121 Cr | -₹197 Cr |
| FY2022 | ₹65 Cr | -₹4 Cr |
| FY2023 | ₹116 Cr | ₹32 Cr |
| FY2024 | ₹152 Cr | ₹9 Cr |
| FY2025 | ₹205 Cr | ₹30 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,277 Cr+1.8%1Y
- Net profit
- ₹144 Cr-3.4%1Y
- Cash from operations
- ₹205 Cr
- Free cash flow
- ₹30 Cr+233.3%1Y
- Revenue CAGR, 5Y
- 15.0%
- EBITDA CAGR, 5Y
- 21.5%
- Net profit CAGR, 5Y
- 25.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,277 Cr | ₹232 Cr | — | ₹144 Cr | ₹205 Cr | ₹30 Cr | 13.7% | +1.8% | -3.4% |
Monthly returns
Month-by-month returns of INDIGOPNTS across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,358 Cr |
| Equity capital | ₹48 Cr |
| Reserves | ₹1,000 Cr |
| Borrowings | ₹20 Cr |
| Other liabilities | ₹290 Cr |
| Assets | ₹1,358 Cr |
| Fixed assets | ₹525 Cr |
| Capital work in progress | ₹135 Cr |
| Investments | ₹247 Cr |
| Other assets | ₹451 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
INDIGOPNTS trades at 40.1x earnings against a peer median of 35.5x (a 13% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Indigo Paints LimitedINDIGOPNTSthis companyP/E ↑ premium | ₹5,829 Cr | 40.1x | 5.4x | 16.3% | 23.4x |
| Galaxy Surfactants LimitedGALAXYSURF | ₹6,641 Cr | 41.1x | 4.4x | 14.2% | 19.2x |
| Indian Metals & Ferro Alloys LimitedIMFA | ₹6,603 Cr | 20.0x | 2.6x | 17.5% | 10.1x |
| PRISM JOHNSON LIMITED.PRSMJOHNSN | ₹6,484 Cr | 68.1x | 4.3x | 13.7% | 10.9x |
| India Glycols LtdINDIAGLYCO | ₹6,455 Cr | 32.1x | 3.0x | 8.9% | 17.5x |
| Archean Chemical Industries LimitedACI | ₹6,326 Cr | 30.9x | 3.3x | 18.9% | 12.2x |
| Jai Balaji Industries LimitedJAIBALAJI | ₹6,004 Cr | 20.5x | 2.7x | 58.5% | 5.4x |
| JK Paper Ltd.JKPAPER | ₹5,949 Cr | 22.5x | 1.2x | 19.8% | 5.3x |
| Midwest LimitedMIDWESTLTD | ₹5,618 Cr | 61.1x | — | 18.0% | 48.6x |
| Peer median | — | 35.5x | 3.7x | 12.9% | 19.2x |
Year-to-date ROI
INDIGOPNTS since 1 January, against earlier years.
Historical volatility
INDIGOPNTS's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 17.0% |
| FY2022 | 15.0% |
| FY2023 | 17.0% |
| FY2024 | 19.0% |
| FY2025 | 18.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,277 Cr |
| Costs | |
| Interest | ₹3 Cr |
| Expenses | ₹1,046 Cr |
| Operating profitOperating Profit | ₹232 Cr |
| Other income and charges | |
| Profit before tax | ₹192 Cr |
| Tax | |
| Net profitNet Profit | ₹144 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,358 Cr |
| Equity capitalEquity Capital | ₹48 Cr |
| Reserves | ₹1,000 Cr |
| Borrowings | ₹20 Cr |
| Other liabilitiesOther Liabilities | ₹290 Cr |
| AssetsTotal Assets | ₹1,358 Cr |
| Fixed assetsFixed Assets | ₹525 Cr |
| Capital work in progressCWIP | ₹135 Cr |
| Investments | ₹247 Cr |
| Other assetsOther Assets | ₹451 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹205 Cr |
| Investing cash flowCash from Investing Activity | -₹175 Cr |
| Financing cash flowCash from Financing Activity | -₹25 Cr |
| Change in cashNet Cash Flow | ₹4 Cr |
Learn while you research
Academy chapters picked for Indigo Paints Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 40.1, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read