| Quarterly Financials | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 225 | 246 | 285 | 328 | 292 | 282 | 357 | 389 | 315 | 305 | 346 | 394 | 315 |
| Expenses | 189 | 209 | 241 | 254 | 239 | 237 | 292 | 300 | 264 | 258 | 285 | 300 | 265 |
| EBITDA | 36 | 37 | 44 | 75 | 53 | 45 | 65 | 89 | 52 | 47 | 60 | 93 | 50 |
| Operating Profit % | 16 % | 14 % | 14 % | 22 % | 17 % | 15 % | 18 % | 22 % | 15 % | 14 % | 17 % | 23 % | 14 % |
| Depreciation | 8 | 9 | 9 | 9 | 10 | 11 | 15 | 16 | 15 | 15 | 15 | 13 | 15 |
| Interest | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 |
| Profit Before Tax | 27 | 28 | 35 | 65 | 42 | 34 | 50 | 73 | 36 | 31 | 45 | 79 | 35 |
| Tax | 7 | -9 | 9 | 17 | 11 | 8 | 13 | 18 | 9 | 8 | 9 | 21 | 9 |
| Net Profit | 20 | 37 | 26 | 49 | 32 | 25 | 38 | 54 | 27 | 22 | 36 | 57 | 26 |
| EPS in ₹ | 4.19 | 7.79 | 5.52 | 10.23 | 6.52 | 5.33 | 7.82 | 11.28 | 5.50 | 4.76 | 7.56 | 11.94 | 5.44 |
Indigo Paints
Indigo Paints
1,029.00
-10.00
(-0.96%)
Key Fundamentals
Market Cap
4,905.83 Cr
EPS
29.76
PE Ratio
34.96
Dividend Yield
0.34 %
Industry
Consumer Goods 52 Week High
1,720.30
52 Week Low
910.00
PB Ratio
4.80
Debt to Equity
0.02
Sector
Paints Analyst Rating and Forecast
- By Refinitiv from9 analysts
Actual
Company News
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Indigo Paints Reports Flat Growth in Q1 FY26 Amid Early Monsoon ChallengesAug 12, 2025
Indigo Paints achieved minimal standalone revenue growth of 0.3% in Q1 FY26, reaching INR295 crores compared to the previous year. The company maintained its gross margin at 46.1% but saw EBITDA decline 4.7% to INR43.6 crores, with margins dropping to 14.8% from 15.6% in the prior year. PAT remained largely flat at INR26.4 crores with an 8.8% margin. Early monsoon onset from mid-May through June significantly impacted sales, particularly in Kerala and Northeast regions. The enamel and primer categories showed positive growth in both volume and value terms, while emulsions and putty experienced declines. Apple Chemie subsidiary registered a 17.6% revenue decline due to monsoon-affected infrastructure projects. The company expanded its dealer network to 18,600 active dealers and 11,300 tinting machines. Management noted improved demand recovery in July and expects better performance in Q2, citing positive trends in other FMCG sectors as encouraging indicators for paint demand recovery.
Indigo Paints Reports Flat Growth in Q1 FY26 as Early Monsoon Disrupts OperationsAug 07, 2025
Indigo Paints recorded revenue of Rs. 294.9 crore with minimal 0.3% year-over-year growth in Q1 FY26, impacted by early monsoon disruption. The company maintained its industry-leading gross margin at 46.1% despite challenges. EBITDA margin declined to 14.8% from 15.6% in the previous year, while PAT margin remained stable at 8.8%. The waterproofing and construction chemicals segment was the main growth contributor. The company reduced advertising and promotional expenses to 6.8% of revenue from 7.2% previously, while maintaining IPL sponsorship for brand visibility. Raw material prices remained largely stable with a downward bias, except for Titanium Dioxide affected by import duties. The company continues network expansion with 18,556 active dealers and 11,301 tinting machines deployed. Management expects gradual improvement in Q2 following a positive July, with EBITDA margins anticipated to improve for FY26 due to better demand, lower raw material prices, and improved product mix.
Indigo Paints Launches '2.0 Strategy' for Long-Term Growth and EBITDA Margin ImprovementAug 07, 2025
Indigo Paints has launched its '2.0 Strategy' targeting long-term growth through multiple initiatives. The strategy includes capacity expansion, focusing on tier-2 and tier-3 cities, establishing new manufacturing plants, entering construction chemicals segment, and implementing digital marketing. The company aims to improve its EBITDA margin by FY26-FY27 through these strategic measures.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
2,530.50 | #1 2,42,725.00 | 66.10 | #1 34,478.20 | -4.71 | #1 3,710 | -5.87 | 64.62 | |
536.60 | 62,561.91 | 55.14 | 11,639.50 | 3.35 | 1,183 | -11.02 | 56.47 | |
253.40 | 20,487.45 | 18.85 | 7,962.10 | 0.87 | 1,109 | -4.14 | 61.17 | |
3,353.30 | 15,271.03 | 37.79 | 4,118.80 | 3.04 | 430 | -20.59 | 54.39 | |
1,029.00 | #5 4,905.83 | #4 34.96 | #5 1,359.20 | #7 2.95 | #5 142 | #5 -1.88 | 32.44 | |
495.25 | 2,714.41 | 51.26 | 379.20 | 19.21 | 49 | 39.22 | 55.25 | |
80.17 | 671.11 | #1 -9.79 | 608.90 | 12.14 | -80 | 38.15 | 50.40 | |
8.17 | 256.83 | 42.84 | 266.70 | -8.85 | 7 | -43.75 | 25.65 | |
200.50 | 123.89 | 14.51 | 51.80 | #1 32.48 | 9 | 20.80 | 53.60 | |
67.40 | 103.40 | 140.42 | 21.00 | 21.39 | 1 | #1 88.89 | 40.65 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
2.95 %
Net Income Growth
-4.44 %
Cash Flow Change
36.19 %
ROE
-16.42 %
ROCE
-15.40 %
EBITDA Margin (Avg.)
-2.98 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2023 | 2024 | 2025 |
| Total Assets | 1,062 | 1,270 | 1,410 |
| Fixed Assets | 265 | 591 | 568 |
| Current Assets | 519 | 625 | 685 |
| Capital Work in Progress | 251 | 17 | 136 |
| Investments | 132 | 167 | 226 |
| Other Assets | 414 | 495 | 481 |
| Total Liabilities | 1,062 | 1,270 | 1,410 |
| Current Liabilities | 264 | 286 | 289 |
| Non Current Liabilities | 21 | 82 | 91 |
| Total Equity | 776 | 902 | 1,031 |
| Reserve & Surplus | 729 | 855 | 983 |
| Share Capital | 48 | 48 | 48 |
Cash Flow
| Cash Flow | 2023 | 2024 | 2025 |
| Net Cash Flow | 12 | -14 | 4 |
| Investing Activities | -84 | -142 | -178 |
| Operating Activities | 116 | 151 | 206 |
| Financing Activities | -20 | -23 | -24 |
Share Holding
| % Holding | Jan 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 54.00 % | 54.00 % | 54.00 % | 54.00 % | 54.00 % | 54.00 % | 54.00 % | 54.00 % | 54.00 % | 53.98 % | 53.98 % | 53.95 % | 53.94 % | 53.94 % | 53.94 % | 53.92 % | 53.92 % | 53.92 % | 53.92 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 7.73 % | 8.28 % | 12.31 % | 12.50 % | 12.41 % | 11.70 % |
| DIIs | 3.37 % | 2.36 % | 2.04 % | 1.85 % | 1.84 % | 2.80 % | 2.66 % | 2.30 % | 3.34 % | 3.20 % | 2.88 % | 1.68 % | 1.34 % | 1.96 % | 1.06 % | 16.13 % | 17.06 % | 16.74 % | 19.29 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 8.76 % | 3.07 % | 2.75 % | 2.86 % | 3.35 % | 4.19 % | 4.24 % | 4.76 % | 6.25 % | 7.71 % | 7.83 % | 8.74 % | 9.31 % | 10.00 % | 10.35 % | 12.37 % | 11.80 % | 12.27 % | 13.51 % |
| Others | 33.87 % | 40.57 % | 41.21 % | 41.29 % | 40.81 % | 39.02 % | 39.10 % | 38.94 % | 36.41 % | 35.12 % | 35.31 % | 35.63 % | 35.41 % | 26.37 % | 26.37 % | 5.26 % | 4.72 % | 4.65 % | 1.58 % |
| No of Share Holders | 2,75,504 | 86,097 | 77,958 | 76,226 | 79,135 | 86,835 | 86,808 | 94,158 | 1,12,218 | 1,22,785 | 1,21,986 | 1,36,982 | 1,40,003 | 1,43,588 | 1,45,181 | 1,49,623 | 1,56,800 | 1,58,925 | 1,59,977 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3 | 3.5 | 3.5 | 3.5 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.3 | 0.28 | 0.37 | 0.34 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 06 Nov 2025 |  Quarterly Result Announcement | NA | 06 Nov 2025 | 1,028.60 | 1,039.00 |
| 26 Aug 2022 |  Dividend | ₹ 3.00 /share | 25 Aug 2022 | 1,565.10 | 1,684.70 |
| 29 Jul 2023 | Dividend | ₹ 3.50 /share | 28 Jul 2023 | 1,459.20 | 1,575.05 |
| 02 Aug 2024 | Dividend | ₹ 3.50 /share | 02 Aug 2024 | 1,424.10 | 1,502.70 |
| 10 Aug 2024 |  Annual General Meeting | NA | 10 Aug 2024 | 1,519.25 | 1,422.45 |
| 07 Nov 2024 | Quarterly Result Announcement | NA | 07 Nov 2024 | 1,482.05 | 1,638.10 |
| 10 Feb 2025 | Quarterly Result Announcement | NA | 10 Feb 2025 | 1,326.85 | 1,255.20 |
| 24 May 2025 | Quarterly Result Announcement | NA | 24 May 2025 | 1,042.00 | 1,031.80 |
| 07 Aug 2025 | Quarterly Result Announcement | NA | 07 Aug 2025 | 1,141.00 | 1,213.55 |
| 22 Aug 2025 | Dividend | ₹ 3.50 /share | 22 Aug 2025 | 1,031.80 | 1,139.20 |
| 30 Aug 2025 | Annual General Meeting | NA | 30 Aug 2025 | 1,213.55 | 1,099.70 |
Announcements
Board Meeting Intimation for Consideration And Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended September 30 2025
4 days ago
4 days agoCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 09, 2025
Oct 09, 2025Closure of Trading WindowSep 30, 2025
Sep 30, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 05, 2025
Sep 05, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 05, 2025
Sep 05, 202525Th Annual General Meeting - Voting Results Pursuant To Regulation 44(3) Of SEBI LODRSep 01, 2025
Sep 01, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 01, 2025
Sep 01, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 30, 2025
Aug 30, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 12, 2025
Aug 12, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 09, 2025
Aug 09, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 08, 2025
Aug 08, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 08, 2025
Aug 08, 2025Reg. 34 (1) Annual Report.Aug 08, 2025
Aug 08, 2025Notice Of Annual General MeetingAug 08, 2025
Aug 08, 2025Outcome Of Board Meeting Held On August 7 2025Aug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 07, 2025
Aug 07, 2025Outcome Of Board Meeting Held On August 7 2025 - Book ClosureAug 07, 2025
Aug 07, 2025Outcome Of Board Meeting Held On August 7 2025 - Record DateAug 07, 2025
Aug 07, 2025Outcome Of Board Meeting Held On August 7 2025 - Annual General MeetingAug 07, 2025
Aug 07, 2025Outcome Of Board Meeting Held On August 7 2025Aug 07, 2025
Aug 07, 2025Outcome Of Board Meeting Held On August 7 2025Aug 07, 2025
Aug 07, 2025Board Meeting Outcome for Outcome Of Board Meeting Held On August 7 2025Aug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 01, 2025
Aug 01, 2025Board Meeting Intimation for Consideration And Approval Of The Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30 2025Jul 28, 2025
Jul 28, 2025Announcement under Regulation 30 (LODR)-Change in ManagementJul 24, 2025
Jul 24, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 08, 2025
Jul 08, 2025Closure of Trading WindowJun 27, 2025
Jun 27, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 30, 2025
May 30, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 26, 2025
May 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 26, 2025
May 26, 2025Announcement under Regulation 30 (LODR)-Investor PresentationMay 25, 2025
May 25, 2025Outcome Of The Board Meeting Held On May 24 2025May 24, 2025
May 24, 2025Outcome Of Board Meeting Held On 24Th May 2025May 24, 2025
May 24, 2025Outcome Of The Board Meeting Held On May 24 2025May 24, 2025
May 24, 2025Corporate Action-Board approves DividendMay 24, 2025
May 24, 2025Outcome Of The Board Meeting Held On May 24 2025May 24, 2025
May 24, 2025Board Meeting Outcome for Outcome Of The Board Meeting Held On May 24 2025May 24, 2025
May 24, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 20, 2025
May 20, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 24, 2025
Apr 24, 2025Board Meeting Intimation for Prior Intimation Of Board Meeting Pursuant To Regulation 29(1) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Apr 23, 2025
Apr 23, 2025Closure of Trading WindowMar 28, 2025
Mar 28, 2025Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Mar 07, 2025
Mar 07, 2025Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Mar 03, 2025
Mar 03, 2025Disclosures under Reg. 10(6) of SEBI (SAST) Regulations 2011Mar 03, 2025
Mar 03, 2025Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 03, 2025
Mar 03, 2025Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Mar 03, 2025
Mar 03, 2025Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance OfficerFeb 18, 2025
Feb 18, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 13, 2025
Feb 13, 2025Mutual Fund Holdings
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Tata Children's Direct Technical Indicators
RSI(14)
Neutral 39.33
ATR(14)
Less Volatile 28.84
STOCH(9,6)
Neutral 25.62
STOCH RSI(14)
Neutral 51.04
MACD(12,26)
Bearish -0.77
ADX(14)
Strong Trend 26.78
UO(9)
Bearish 40.26
ROC(12)
Downtrend And Accelerating -4.16
WillR(14)
Neutral -70.21
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