Indigo Paints

Indigo Paints

1,072.60
+20.40
(1.94%)
Market Cap
5,016.40 Cr
EPS
29.76
PE Ratio
36.15
Dividend Yield
0.33 %
52 Week High
1,720.30
52 Week Low
910.00
PB Ratio
4.96
Debt to Equity
0.02
Sector
Paints
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Investment Returns

In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from9 analysts
BUY
Analysts have suggested that investors can buy this stock
Buy
Buy+44.44 %
+44.44 %
Hold
Hold+22.22 %
+22.22 %
Sell
Sell+33.33 %
+33.33 %

Company News

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neutral
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.
neutral
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.
positive
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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Competitors
LTP
Market Cap (₹ Cr.)
P/E Ratio
Revenue (₹ Cr.)
YoY Revenue Growth %
Net Profit (₹ Cr.)
YoY Profit Growth %
RSI
2,335.80
#1 2,25,411.50
58.17
#1 34,478.20
-4.71
#1 3,710
-5.87
29.73
529.65
60,066.90
52.86
11,639.50
3.35
1,183
-11.02
35.11
249.22
20,000.70
31.55
7,962.10
0.87
1,109
-4.14
53.23
3,316.20
15,071.60
37.21
4,118.80
3.04
430
-20.59
36.62
1,072.60
#5 5,016.40
#3 36.15
#5 1,359.20
#7 2.95
#5 142
#3 -1.88
26.74
481.95
1,306.00
49.78
379.20
19.21
49
#1 39.22
50.86
85.06
721.60
-
608.90
12.14
-80
38.15
64.13
8.58
268.10
45.21
266.70
-8.85
7
-43.75
22.76
197.00
121.70
#1 14.98
51.80
#1 32.48
9
-
51.77
73.60
109.00
153.33
21.00
21.39
1
-
43.66

Automatic Screeners on ScanX

Forecast
Actual
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

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

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

Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
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 0.33

Corporate Action

Record Date Corporate Action Information Announcement Day LTP at Annoucement LTP at Record Day
26 Aug 2022 DIVIDEND Dividend
₹ 3.00 /share
25 Aug 2022 1,565.10 1,684.70
29 Jul 2023 DIVIDEND Dividend
₹ 3.50 /share
28 Jul 2023 1,459.20 1,575.05
02 Aug 2024 DIVIDEND Dividend
₹ 3.50 /share
02 Aug 2024 1,424.10 1,502.70
10 Aug 2024 ANNUAL GENERAL MEETING Annual General Meeting
NA
10 Aug 2024 1,519.25 1,422.45
07 Nov 2024 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
07 Nov 2024 1,482.05 1,638.10
10 Feb 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
10 Feb 2025 1,326.85 1,255.20
24 May 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
24 May 2025 1,042.00 1,031.80
07 Aug 2025 QUARTERLY RESULT ANNOUNCEMENT Quarterly Result Announcement
NA
07 Aug 2025 1,141.00 1,213.55
22 Aug 2025 DIVIDEND Dividend
₹ 3.50 /share
22 Aug 2025 1,031.80 1,139.20
30 Aug 2025 ANNUAL GENERAL MEETING Annual General Meeting
NA
30 Aug 2025 1,213.55 1,099.70

Announcements

Closure of Trading Window1 day ago
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 05, 2025
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSSep 05, 2025
25Th Annual General Meeting - Voting Results Pursuant To Regulation 44(3) Of SEBI LODRSep 01, 2025
Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 01, 2025
Shareholder Meeting / Postal Ballot-Outcome of AGMAug 30, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 12, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 09, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 08, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 08, 2025
Business Responsibility and Sustainability Reporting (BRSR)Aug 08, 2025
Reg. 34 (1) Annual Report.Aug 08, 2025
Notice Of Annual General MeetingAug 08, 2025
Outcome Of Board Meeting Held On August 7 2025Aug 07, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationAug 07, 2025
Outcome Of Board Meeting Held On August 7 2025 - Book ClosureAug 07, 2025
Outcome Of Board Meeting Held On August 7 2025 - Record DateAug 07, 2025
Outcome Of Board Meeting Held On August 7 2025 - Annual General MeetingAug 07, 2025
Outcome Of Board Meeting Held On August 7 2025Aug 07, 2025
Outcome Of Board Meeting Held On August 7 2025Aug 07, 2025
Board Meeting Outcome for Outcome Of Board Meeting Held On August 7 2025Aug 07, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 01, 2025
Board 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
Announcement under Regulation 30 (LODR)-Change in ManagementJul 24, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 08, 2025
Closure of Trading WindowJun 27, 2025
Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 30, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 29, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 26, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 26, 2025
Announcement under Regulation 30 (LODR)-Investor PresentationMay 25, 2025
Outcome Of The Board Meeting Held On May 24 2025May 24, 2025
Outcome Of Board Meeting Held On 24Th May 2025May 24, 2025
Outcome Of The Board Meeting Held On May 24 2025May 24, 2025
Corporate Action-Board approves DividendMay 24, 2025
Outcome Of The Board Meeting Held On May 24 2025May 24, 2025
Board Meeting Outcome for Outcome Of The Board Meeting Held On May 24 2025May 24, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 20, 2025
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 24, 2025
Board 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
Closure of Trading WindowMar 28, 2025
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Mar 07, 2025
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Mar 03, 2025
Disclosures under Reg. 10(6) of SEBI (SAST) Regulations 2011Mar 03, 2025
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations 2011Mar 03, 2025
Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011Mar 03, 2025
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance OfficerFeb 18, 2025
Announcement under Regulation 30 (LODR)-Earnings Call TranscriptFeb 13, 2025
Announcement under Regulation 30 (LODR)-Newspaper PublicationFeb 11, 2025
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeFeb 10, 2025

Technical Indicators

RSI(14)
Neutral
26.74
ATR(14)
Volatile
28.23
STOCH(9,6)
Neutral
20.53
STOCH RSI(14)
Oversold
0.00
MACD(12,26)
Bearish
-6.29
ADX(14)
Weak Trend
18.51
UO(9)
Bearish
33.24
ROC(12)
Downtrend And Accelerating
-8.23
WillR(14)
Oversold
-89.15

Mutual Fund Holdings

Funding HouseCurrent Holding %1M Change1M Change %3M Change %Last 6M Trend
HDFC Small Cap Fund Direct- Growth
0.63%
86000
-0.02%
-0.01%
DSP Multicap Fund Direct - Growth
0.65%
5885
-0.03%
-0.02%
Motilal Oswal Nifty Microcap 250 Index Fund Direct - Growth
0.30%
1900
-0.02%
0.00%
DSP Equity Savings Fund Direct-Growth
0.44%
1731
-0.04%
-0.04%
DSP Regular Savings Fund Direct-Growth
0.26%
36
-0.02%
-0.01%
Groww Nifty Total Market Index Fund Direct - Growth
0.01%
12
0.00%
0.00%
Angel One Nifty Total Market Index Fund Direct - Growth
0.01%
4
0.00%
0.00%
Bandhan Nifty Total Market Index Fund Direct-Growth
0.01%
2
0.00%
0.00%
DSP Flexi Cap Fund Direct Plan-Growth
0.56%
0
-0.04%
0.00%
Mirae Asset Nifty Total Market Index Fund Direct-Growth
0.01%
0
0.00%
0.00%
HDFC Flexi Cap Direct Plan-Growth
0.00%
0
0.00%
0.00%
HDFC Large and Mid Cap Fund Direct- Growth
0.02%
0
0.00%
0.00%
Bandhan Innovation Fund Direct-Growth
0.00%
0
0.00%
0.00%
DSP Dynamic Asset Allocation Fund Direct-Growth
0.18%
0
-0.02%
-0.01%
Kotak Multicap Fund Direct - Growth
0.61%
0
-0.07%
-0.05%
Kotak Consumption Fund Direct - Growth
0.59%
0
-0.11%
-0.11%
Kotak Special Opportunities Fund Direct-Growth
2.62%
0
-0.12%
0.15%
HDFC BSE 500 Index Fund Direct - Growth
0.00%
0
0.00%
0.00%
JM Flexicap Fund Direct Plan-Growth
0.00%
0
0.00%
0.00%
Nippon India Multi Cap Fund Direct-Growth
0.21%
0
-0.02%
-0.01%
Nippon India Small Cap Fund Direct- Growth
0.44%
0
-0.03%
-0.01%
Nippon India Value Fund Direct-Growth
0.83%
0
-0.06%
-0.01%
Tata Children's Direct
1.55%
0
-0.07%
0.00%
WhiteOak Capital ELSS Tax Saver Fund Direct - Growth
0.10%
0
-0.01%
-0.01%
WhiteOak Capital Flexi Cap Fund Direct - Growth
0.09%
0
-0.01%
-0.01%