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Nifty
Sensex

:
:

24487.40
80235.59

-97.65 (-0.40%)
-368.49 (-0.46%)

Indigo Paints Ltd.

Paints

Rating :

53/99

BSE: 543258 | NSE: INDIGOPNTS

Watchlist

NSE BSE

1099.10

12-Aug-2025

Open
High
Low
Previous Close

1079.1
1115
1079.1
1078.80

Volume
Traded Value (lacs)
52 Week High
52 Week Low

48159
53059408.2
1720.3
910

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

5,229.58
36.96
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

5,198.86
0.32%
5.03

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
12.04
7.70

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
13.58
5.17

PAT CAGR (%)

10 Years
5 Years
3 Years

-
15.23
2.42

P:E (Median)

8 Years
5 Years
3 Years

-
-
-

P:BV (Average)

8 Years
5 Years
3 Years

-
-
2.69

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
-953.37

Earnings Forecasts:

(Updated: 06-06-2025)

Description 2024 2025 2026 2027
Adj EPS 30.95 29.76 32.62 37.93
P/E Ratio 35.51 36.93 33.69 28.98
Revenue 1306 1341 1486 1676
EBITDA 238 254 291
Net Income 147 142 153 178
ROA 12.6 8.5 9
P/B Ratio 5.72 4.50 3.95
ROE 17.56 13.9 14.28
FCFF 47 96 111
FCFF Yield 0.96 1.96 2.28
Net Debt -179 -312 -430
BVPS 192.16 244.21 278.38

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 294.85 293.95 0.31% 367.22 366.14 0.29% 327.48 341.25 -4.04% 288.55 270.46 6.69%
Expenses 251.24 248.16 1.24% 281.33 283.86 -0.89% 270.17 280.34 -3.63% 245.96 228.68 7.56%
EBITDA 43.61 45.79 -4.76% 85.88 82.28 4.38% 57.31 60.91 -5.91% 42.59 41.78 1.94%
EBIDTM 14.79% 15.58% 23.39% 22.47% 17.50% 17.85% 14.76% 15.45%
Other Income 5.72 4.04 41.58% 5.57 4.05 37.53% 2.96 2.89 2.42% 4.89 2.97 64.65%
Interest 0.53 0.52 1.92% 1.42 0.36 294.44% 0.45 0.35 28.57% 0.57 0.47 21.28%
Depreciation 13.63 13.88 -1.80% 12.07 14.09 -14.34% 13.93 13.30 4.74% 13.96 9.99 39.74%
PBT 35.17 35.42 -0.71% 77.97 71.88 8.47% 45.89 50.15 -8.49% 32.95 34.30 -3.94%
Tax 8.82 8.96 -1.56% 21.07 18.36 14.76% 9.43 12.45 -24.26% 8.83 8.16 8.21%
PAT 26.36 26.46 -0.38% 56.90 53.52 6.32% 36.46 37.70 -3.29% 24.12 26.14 -7.73%
PATM 8.94% 9.00% 15.49% 14.62% 11.13% 11.05% 8.36% 9.66%
EPS 5.54 5.56 -0.36% 11.95 11.24 6.32% 7.66 7.92 -3.28% 5.07 5.49 -7.65%

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 308.86 310.96 -0.68% 387.56 384.88 0.70% 342.62 353.77 -3.15% 299.53 279.02 7.35%
Expenses 264.56 263.60 0.36% 300.14 300.29 -0.05% 285.43 291.53 -2.09% 258.03 236.88 8.93%
EBITDA 44.31 47.37 -6.46% 87.42 84.59 3.35% 57.19 62.24 -8.11% 41.51 42.13 -1.47%
EBIDTM 14.35% 15.23% 22.56% 21.98% 16.69% 17.59% 13.86% 15.10%
Other Income 5.96 4.21 41.57% 6.03 4.16 44.95% 3.15 3.07 2.61% 5.12 3.17 61.51%
Interest 0.69 0.64 7.81% 1.55 0.46 236.96% 0.61 0.62 -1.61% 0.71 0.55 29.09%
Depreciation 14.82 15.25 -2.82% 13.23 15.58 -15.08% 14.68 14.61 0.48% 15.36 11.29 36.05%
PBT 34.75 35.69 -2.63% 78.66 72.70 8.20% 45.05 50.07 -10.03% 30.55 33.46 -8.70%
Tax 8.70 9.03 -3.65% 21.26 18.27 16.37% 9.20 12.52 -26.52% 8.30 8.14 1.97%
PAT 26.06 26.65 -2.21% 57.40 54.44 5.44% 35.85 37.55 -4.53% 22.26 25.32 -12.09%
PATM 8.44% 8.57% 14.81% 14.14% 10.46% 10.62% 7.43% 9.07%
EPS 5.44 5.50 -1.09% 11.94 11.27 5.94% 7.56 7.82 -3.32% 4.75 5.32 -10.71%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Net Sales 1,278.10 1,277.19 1,254.86 1,073.33 905.97 723.32 624.79 535.63 411.12 Net Sales Growth 0.50% 1.78% 16.91% 18.47% 25.25% 15.77% 16.65% 30.29% Cost Of Goods Sold 686.23 683.09 653.81 595.25 513.52 376.52 321.96 298.52 193.95 Gross Profit 591.87 594.09 601.05 478.08 392.45 346.81 302.83 237.10 217.16 GP Margin 46.31% 46.52% 47.90% 44.54% 43.32% 47.95% 48.47% 44.27% 52.82% Total Expenditure 1,048.70 1,045.62 1,022.16 891.83 769.99 600.81 533.80 481.54 387.19 Power & Fuel Cost - 7.30 6.91 4.75 3.86 3.42 2.69 2.77 1.86 % Of Sales - 0.57% 0.55% 0.44% 0.43% 0.47% 0.43% 0.52% 0.45% Employee Cost - 104.27 92.33 73.10 56.33 48.31 41.99 36.38 29.29 % Of Sales - 8.16% 7.36% 6.81% 6.22% 6.68% 6.72% 6.79% 7.12% Manufacturing Exp. - 22.71 21.21 13.12 10.37 9.39 8.33 7.34 38.67 % Of Sales - 1.78% 1.69% 1.22% 1.14% 1.30% 1.33% 1.37% 9.41% General & Admin Exp. - 24.19 23.85 18.95 11.34 9.04 9.61 9.32 10.87 % Of Sales - 1.89% 1.90% 1.77% 1.25% 1.25% 1.54% 1.74% 2.64% Selling & Distn. Exp. - 193.56 213.05 178.96 168.57 148.92 144.82 123.16 63.15 % Of Sales - 15.16% 16.98% 16.67% 18.61% 20.59% 23.18% 22.99% 15.36% Miscellaneous Exp. - 10.49 10.99 7.70 5.99 5.22 4.40 4.04 49.38 % Of Sales - 0.82% 0.88% 0.72% 0.66% 0.72% 0.70% 0.75% 12.01% EBITDA 229.39 231.57 232.70 181.50 135.98 122.51 90.99 54.09 23.93 EBITDA Margin 17.95% 18.13% 18.54% 16.91% 15.01% 16.94% 14.56% 10.10% 5.82% Other Income 19.14 17.46 13.43 10.10 10.89 3.59 1.64 1.63 0.46 Interest 2.97 2.96 1.59 1.38 1.33 3.81 5.59 4.66 3.81 Depreciation 53.59 53.84 46.18 34.35 31.25 24.39 19.61 17.05 17.01 PBT 191.98 192.23 198.36 155.88 114.30 97.91 67.43 34.02 3.58 Tax 48.15 48.29 49.71 23.94 30.25 27.06 19.61 6.84 -0.31 Tax Rate 25.08% 25.12% 25.06% 15.36% 26.47% 27.64% 29.08% 20.29% -13.72% PAT 143.84 143.94 148.65 131.94 84.05 70.85 47.81 26.87 2.57 PAT before Minority Interest 143.84 143.94 148.65 131.94 84.05 70.85 47.81 26.87 2.57 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 11.25% 11.27% 11.85% 12.29% 9.28% 9.80% 7.65% 5.02% 0.63% PAT Growth 0.01% -3.17% 12.66% 56.98% 18.63% 48.19% 77.93% 945.53% EPS 30.22 30.24 31.23 27.72 17.66 14.88 10.04 5.64 0.54

Description TTM Mar 25 Mar 24 Mar 23
Net Sales 1,338.57 1,340.67 1,306.09 1,073.33 Net Sales Growth 0.75% 2.65% 21.69% Cost Of Goods Sold 724.71 723.67 683.94 595.25 Gross Profit 613.86 617.01 622.15 478.08 GP Margin 45.86% 46.02% 47.63% 44.54% Total Expenditure 1,108.16 1,107.19 1,068.02 891.83 Power & Fuel Cost - 7.51 7.07 4.75 % Of Sales - 0.56% 0.54% 0.44% Employee Cost - 113.69 99.48 73.10 % Of Sales - 8.48% 7.62% 6.81% Manufacturing Exp. - 23.95 21.99 13.12 % Of Sales - 1.79% 1.68% 1.22% General & Admin Exp. - 27.09 26.11 18.95 % Of Sales - 2.02% 2.00% 1.77% Selling & Distn. Exp. - 199.43 217.06 178.96 % Of Sales - 14.88% 16.62% 16.67% Miscellaneous Exp. - 11.85 12.38 7.70 % Of Sales - 0.88% 0.95% 0.72% EBITDA 230.43 233.48 238.07 181.50 EBITDA Margin 17.21% 17.42% 18.23% 16.91% Other Income 20.26 18.50 14.22 10.10 Interest 3.56 3.50 2.12 1.38 Depreciation 58.09 58.53 51.58 34.35 PBT 189.01 189.95 198.58 155.88 Tax 47.46 47.79 49.75 23.94 Tax Rate 25.11% 25.16% 25.05% 15.36% PAT 141.57 141.75 147.32 131.94 PAT before Minority Interest 141.49 142.16 148.83 131.94 Minority Interest -0.08 -0.41 -1.51 0.00 PAT Margin 10.58% 10.57% 11.28% 12.29% PAT Growth -1.66% -3.78% 11.66% EPS 29.74 29.78 30.95 27.72

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Shareholder's Funds 1,048.14 915.07 776.13 649.86 563.49 197.05 147.46 118.23 Share Capital 47.63 47.62 47.59 47.57 47.57 47.33 47.16 46.90 Total Reserves 983.20 854.55 718.69 599.57 515.39 148.20 98.27 71.33 Non-Current Liabilities 40.15 33.11 21.40 25.81 19.27 39.65 37.59 10.70 Secured Loans 0.00 0.00 0.00 0.00 0.00 24.72 26.91 8.91 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 0.00 2.66 2.72 4.75 2.53 1.30 0.00 0.00 Current Liabilities 269.48 273.77 264.08 244.22 228.40 185.25 188.13 150.45 Trade Payables 165.29 220.49 199.14 201.41 185.57 138.59 136.24 107.46 Other Current Liabilities 90.36 49.89 43.37 26.86 30.41 28.45 26.88 20.20 Short Term Borrowings 0.00 0.00 0.00 0.00 0.00 14.53 24.71 22.64 Short Term Provisions 13.83 3.39 21.56 15.95 12.43 3.69 0.30 0.15 Total Liabilities 1,357.77 1,221.95 1,061.61 919.89 811.16 421.95 373.18 279.38 Net Block 525.45 548.33 264.69 253.34 249.33 200.75 148.56 94.95 Gross Block 740.44 709.95 382.45 338.86 304.44 232.40 165.50 128.66 Accumulated Depreciation 214.99 161.62 117.75 85.53 55.10 31.65 16.94 33.71 Non Current Assets 711.49 630.33 542.86 347.50 268.76 210.73 162.95 102.86 Capital Work in Progress 134.85 15.12 250.91 50.97 3.12 1.09 4.40 2.46 Non Current Investment 30.54 30.24 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 20.60 36.63 27.25 43.18 1.22 6.59 9.99 3.28 Other Non Current Assets 0.03 0.01 0.01 0.01 15.09 2.30 0.00 2.17 Current Assets 646.29 591.62 518.74 572.39 542.40 211.23 210.24 176.52 Current Investments 216.02 157.64 131.69 173.10 49.68 20.84 19.70 15.00 Inventories 149.13 166.20 117.66 117.72 94.67 76.76 69.33 50.76 Sundry Debtors 219.92 204.18 200.11 171.65 121.19 104.47 103.85 104.07 Cash & Bank 37.10 32.67 48.79 99.62 258.31 5.68 14.02 4.64 Other Current Assets 24.11 4.51 1.81 1.38 18.54 3.47 3.34 2.05 Short Term Loans & Adv. 21.75 26.42 18.68 8.92 10.26 2.01 2.19 1.28 Net Current Assets 376.80 317.85 254.66 328.17 313.99 25.98 22.11 26.07 Total Assets 1,357.78 1,221.95 1,061.60 919.89 811.16 421.96 373.19 279.38

Description Mar 25 Mar 24 Mar 23
Shareholder's Funds 1,030.58 902.14 776.13 Share Capital 47.63 47.62 47.59 Total Reserves 965.64 841.61 718.69 Non-Current Liabilities 90.83 82.14 21.40 Secured Loans 0.88 1.51 0.00 Unsecured Loans 0.00 0.00 0.00 Long Term Provisions 0.47 3.05 2.72 Current Liabilities 288.77 286.15 264.08 Trade Payables 176.71 228.99 199.14 Other Current Liabilities 94.15 52.73 43.37 Short Term Borrowings 3.98 0.80 0.00 Short Term Provisions 13.92 3.63 21.56 Total Liabilities 1,410.18 1,270.43 1,061.61 Net Block 567.74 591.12 264.69 Gross Block 792.46 758.01 382.45 Accumulated Depreciation 224.72 166.89 117.75 Non Current Assets 725.19 645.80 542.86 Capital Work in Progress 135.77 17.42 250.91 Non Current Investment 0.00 0.00 0.00 Long Term Loans & Adv. 21.58 37.24 27.25 Other Non Current Assets 0.09 0.02 0.01 Current Assets 684.99 624.62 518.74 Current Investments 226.10 166.71 131.69 Inventories 153.58 170.59 117.66 Sundry Debtors 243.86 223.11 200.11 Cash & Bank 37.12 32.93 48.79 Other Current Assets 24.33 4.78 1.81 Short Term Loans & Adv. 21.82 26.50 18.68 Net Current Assets 396.22 338.48 254.66 Total Assets 1,410.18 1,270.42 1,061.60

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Cash From Operating Activity 204.95 152.10 116.11 65.19 121.32 72.34 51.59 27.04 PBT 192.23 198.36 155.88 114.30 97.91 67.43 33.71 2.26 Adjustment 46.26 43.92 35.13 24.59 26.11 24.21 22.12 22.87 Changes in Working Capital -2.28 -32.19 -50.47 -47.85 13.71 -6.87 0.20 1.95 Cash after chg. in Working capital 236.21 210.09 140.54 91.03 137.73 84.77 56.03 27.08 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -31.26 -57.99 -24.43 -25.84 -16.41 -12.42 -4.43 -0.04 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -175.04 -142.82 -84.40 -69.16 -317.93 -61.27 -63.23 -22.73 Net Fixed Assets -150.22 -91.71 -243.53 -82.27 -74.07 -63.59 -38.78 Net Investments -58.68 -56.19 41.41 -123.42 -28.84 -1.14 -4.70 Others 33.86 5.08 117.72 136.53 -215.02 3.46 -19.75 Cash from Financing Activity -25.47 -23.81 -20.06 -5.29 235.72 -17.23 18.85 -7.39 Net Cash Inflow / Outflow 4.44 -14.53 11.65 -9.27 39.11 -6.16 7.22 -3.09 Opening Cash & Equivalents 32.65 47.18 35.53 44.80 5.68 11.84 4.62 7.71 Closing Cash & Equivalent 37.09 32.65 47.18 35.53 44.80 5.68 11.84 4.62

Description Mar 25 Mar 24 Mar 23
Cash From Operating Activity 205.66 151.01 116.11 PBT 189.95 198.58 155.88 Adjustment 50.41 49.39 35.13 Changes in Working Capital -3.85 -37.71 -50.47 Cash after chg. in Working capital 236.51 210.26 140.54 Interest Paid 0.00 0.00 0.00 Tax Paid -30.85 -59.25 -24.43 Other Direct Exp. Paid 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 Cash From Investing Activity -177.53 -151.67 -84.40 Net Fixed Assets -150.22 -91.71 Net Investments -58.68 -56.19 Others 31.37 -3.77 Cash from Financing Activity -23.93 -23.24 -20.06 Net Cash Inflow / Outflow 4.19 -23.90 11.65 Opening Cash & Equivalents 32.92 47.18 35.53 Closing Cash & Equivalent 37.11 32.92 47.18

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 14 Mar 13
Book Value (Rs.) 216.40 189.45 161.02 136.04 118.35 61.07 44.06 34.95 101.73 94.72 ROA 11.16% 13.02% 13.32% 9.71% 11.49% 12.03% 8.24% 0.98% 1.17% 2.52% ROE 14.89% 17.82% 18.67% 13.89% 19.14% 31.42% 23.67% 2.61% 8.33% 14.94% ROCE 19.89% 23.65% 22.06% 19.06% 25.10% 32.12% 21.22% 4.00% 13.00% 16.81% Fixed Asset Turnover 2.19 2.80 3.49 3.22 3.04 3.50 3.64 3.48 7.42 9.42 Receivable days 48.77 48.28 53.85 51.65 50.55 54.63 70.84 81.03 66.49 68.52 Inventory Days 36.26 33.90 34.09 37.46 38.40 38.31 40.92 43.64 38.42 34.49 Payable days 103.07 117.13 122.81 137.53 157.12 91.29 90.52 102.80 71.80 56.83 Cash Conversion Cycle -18.04 -34.95 -34.87 -48.43 -68.17 1.65 21.24 21.87 33.11 46.18 Total Debt/Equity 0.00 0.00 0.00 0.00 0.00 0.26 0.41 0.30 3.19 2.63 Interest Cover 65.95 125.70 114.29 86.91 26.68 13.05 8.24 1.59 1.37 1.64

Description Mar 25 Mar 24 Mar 23
Book Value (Rs.) 212.72 186.73 161.02 ROA 10.61% 12.76% 20.18% ROE 14.95% 17.98% 29.47% ROCE 19.92% 23.87% 33.57% Fixed Asset Turnover 2.13 2.77 5.08 Receivable days 51.63 48.90 37.69 Inventory Days 35.84 33.31 21.30 Payable days 102.31 114.24 78.83 Cash Conversion Cycle -14.83 -32.03 -19.84 Total Debt/Equity 0.01 0.00 0.00 Interest Cover 55.26 94.63 114.29

Top Investors:

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dsp flexi cap fund

ashoka whiteoak icav - ashoka whiteoak india opportunities fund

abu dhabi investment authority - way

mercer qif fund plc-mercer investment fund 1

Annual Reports:

News Update:

Indigo Paints reports 5% rise in Q4 consolidated net profit
26th May 2025, 12:00 PM

The total consolidated income of the company increased by 1.17% at Rs 393.58 crore for Q4FY25
Read More
Indigo Paints - Quarterly Results
24th May 2025, 19:33 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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