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Nifty
Sensex

:
:

25637.80
84058.90

88.80 (0.35%)
303.03 (0.36%)

Indigo Paints Ltd.

Paints

Rating :

64/99

BSE: 543258 | NSE: INDIGOPNTS

Watchlist

NSE BSE

1161.10

27-Jun-2025

Open
High
Low
Previous Close

1169.7
1174.5
1156.1
1165.90

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

44582
52001739.8
1720.3
910

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

5,532.77
39.03
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

5,502.06
0.30%
5.37

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
14.97
11.47

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
20.66
11.34

PAT CAGR (%)

10 Years
5 Years
3 Years

-
25.47
20.93

P:E (Median)

8 Years
5 Years
3 Years

-
-
-

P:BV (Average)

8 Years
5 Years
3 Years

-
-
2.45

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
-1027.36

Earnings Forecasts:

(Updated: 06-06-2025)

Description 2024 2025 2026 2027
Adj EPS 30.95 29.76 32.62 37.93
P/E Ratio 37.52 39.02 35.59 30.61
Revenue 1306 1341 1486 1676
EBITDA 238 254 291
Net Income 147 142 153 178
ROA 12.6 8.5 9
P/B Ratio 6.04 4.75 4.17
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 Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var%
Net Sales 367.22 366.14 0.29% 327.48 341.25 -4.04% 288.55 270.46 6.69% 293.95 277.02 6.11%
Expenses 281.33 283.86 -0.89% 270.17 280.34 -3.63% 245.96 228.68 7.56% 248.16 229.29 8.23%
EBITDA 85.88 82.28 4.38% 57.31 60.91 -5.91% 42.59 41.78 1.94% 45.79 47.73 -4.06%
EBIDTM 23.39% 22.47% 17.50% 17.85% 14.76% 15.45% 15.58% 17.23%
Other Income 5.57 4.05 37.53% 2.96 2.89 2.42% 4.89 2.97 64.65% 4.04 3.52 14.77%
Interest 1.42 0.36 294.44% 0.45 0.35 28.57% 0.57 0.47 21.28% 0.52 0.42 23.81%
Depreciation 12.07 14.09 -14.34% 13.93 13.30 4.74% 13.96 9.99 39.74% 13.88 8.80 57.73%
PBT 77.97 71.88 8.47% 45.89 50.15 -8.49% 32.95 34.30 -3.94% 35.42 42.03 -15.73%
Tax 21.07 18.36 14.76% 9.43 12.45 -24.26% 8.83 8.16 8.21% 8.96 10.74 -16.57%
PAT 56.90 53.52 6.32% 36.46 37.70 -3.29% 24.12 26.14 -7.73% 26.46 31.29 -15.44%
PATM 15.49% 14.62% 11.13% 11.05% 8.36% 9.66% 9.00% 11.30%
EPS 11.95 11.24 6.32% 7.66 7.92 -3.28% 5.07 5.49 -7.65% 5.56 6.57 -15.37%

Description Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var%
Net Sales 387.56 384.88 0.70% 342.62 353.77 -3.15% 299.53 279.02 7.35% 310.96 288.42 7.81%
Expenses 300.14 300.29 -0.05% 285.43 291.53 -2.09% 258.03 236.88 8.93% 263.59 239.32 10.14%
EBITDA 87.42 84.59 3.35% 57.19 62.24 -8.11% 41.51 42.13 -1.47% 47.37 49.11 -3.54%
EBIDTM 22.56% 21.98% 16.69% 17.59% 13.86% 15.10% 15.23% 17.03%
Other Income 6.03 4.16 44.95% 3.15 3.07 2.61% 5.12 3.17 61.51% 4.21 3.82 10.21%
Interest 1.55 0.46 236.96% 0.61 0.62 -1.61% 0.71 0.55 29.09% 0.64 0.49 30.61%
Depreciation 13.23 15.58 -15.08% 14.68 14.61 0.48% 15.36 11.29 36.05% 15.25 10.09 51.14%
PBT 78.66 72.70 8.20% 45.05 50.07 -10.03% 30.55 33.46 -8.70% 35.69 42.34 -15.71%
Tax 21.26 18.27 16.37% 9.20 12.52 -26.52% 8.30 8.14 1.97% 9.03 10.83 -16.62%
PAT 57.40 54.44 5.44% 35.85 37.55 -4.53% 22.26 25.32 -12.09% 26.66 31.52 -15.42%
PATM 14.81% 14.14% 10.46% 10.62% 7.43% 9.07% 8.57% 10.93%
EPS 11.94 11.27 5.94% 7.56 7.82 -3.32% 4.75 5.32 -10.71% 5.50 6.52 -15.64%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Net Sales 1,277.20 1,254.86 1,073.33 905.97 723.32 624.79 535.63 411.12 Net Sales Growth 1.78% 16.91% 18.47% 25.25% 15.77% 16.65% 30.29% Cost Of Goods Sold 683.11 653.81 595.25 513.52 376.52 321.96 298.52 193.95 Gross Profit 594.09 601.05 478.08 392.45 346.81 302.83 237.10 217.16 GP Margin 46.52% 47.90% 44.54% 43.32% 47.95% 48.47% 44.27% 52.82% Total Expenditure 1,045.62 1,022.16 891.83 769.99 600.81 533.80 481.54 387.19 Power & Fuel Cost - 6.91 4.75 3.86 3.42 2.69 2.77 1.86 % Of Sales - 0.55% 0.44% 0.43% 0.47% 0.43% 0.52% 0.45% Employee Cost - 92.33 73.10 56.33 48.31 41.99 36.38 29.29 % Of Sales - 7.36% 6.81% 6.22% 6.68% 6.72% 6.79% 7.12% Manufacturing Exp. - 21.21 13.12 10.37 9.39 8.33 7.34 38.67 % Of Sales - 1.69% 1.22% 1.14% 1.30% 1.33% 1.37% 9.41% General & Admin Exp. - 23.85 18.95 11.34 9.04 9.61 9.32 10.87 % Of Sales - 1.90% 1.77% 1.25% 1.25% 1.54% 1.74% 2.64% Selling & Distn. Exp. - 213.05 178.96 168.57 148.92 144.82 123.16 63.15 % Of Sales - 16.98% 16.67% 18.61% 20.59% 23.18% 22.99% 15.36% Miscellaneous Exp. - 10.99 7.70 5.99 5.22 4.40 4.04 49.38 % Of Sales - 0.88% 0.72% 0.66% 0.72% 0.70% 0.75% 12.01% EBITDA 231.57 232.70 181.50 135.98 122.51 90.99 54.09 23.93 EBITDA Margin 18.13% 18.54% 16.91% 15.01% 16.94% 14.56% 10.10% 5.82% Other Income 17.46 13.43 10.10 10.89 3.59 1.64 1.63 0.46 Interest 2.96 1.59 1.38 1.33 3.81 5.59 4.66 3.81 Depreciation 53.84 46.18 34.35 31.25 24.39 19.61 17.05 17.01 PBT 192.23 198.36 155.88 114.30 97.91 67.43 34.02 3.58 Tax 48.29 49.71 23.94 30.25 27.06 19.61 6.84 -0.31 Tax Rate 25.12% 25.06% 15.36% 26.47% 27.64% 29.08% 20.29% -13.72% PAT 143.94 148.65 131.94 84.05 70.85 47.81 26.87 2.57 PAT before Minority Interest 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 PAT Margin 11.27% 11.85% 12.29% 9.28% 9.80% 7.65% 5.02% 0.63% PAT Growth -3.17% 12.66% 56.98% 18.63% 48.19% 77.93% 945.53% EPS 30.24 31.23 27.72 17.66 14.88 10.04 5.64 0.54

Description TTM Mar 24 Mar 23
Net Sales 1,340.67 1,306.09 1,073.33 Net Sales Growth 2.65% 21.69% Cost Of Goods Sold 723.66 683.94 595.25 Gross Profit 617.01 622.15 478.08 GP Margin 46.02% 47.63% 44.54% Total Expenditure 1,107.19 1,068.02 891.83 Power & Fuel Cost - 7.07 4.75 % Of Sales - 0.54% 0.44% Employee Cost - 99.48 73.10 % Of Sales - 7.62% 6.81% Manufacturing Exp. - 21.99 13.12 % Of Sales - 1.68% 1.22% General & Admin Exp. - 26.11 18.95 % Of Sales - 2.00% 1.77% Selling & Distn. Exp. - 217.06 178.96 % Of Sales - 16.62% 16.67% Miscellaneous Exp. - 12.38 7.70 % Of Sales - 0.95% 0.72% EBITDA 233.49 238.07 181.50 EBITDA Margin 17.42% 18.23% 16.91% Other Income 18.51 14.22 10.10 Interest 3.51 2.12 1.38 Depreciation 58.52 51.58 34.35 PBT 189.95 198.58 155.88 Tax 47.79 49.75 23.94 Tax Rate 25.16% 25.05% 15.36% PAT 142.17 147.32 131.94 PAT before Minority Interest 141.76 148.83 131.94 Minority Interest -0.41 -1.51 0.00 PAT Margin 10.60% 11.28% 12.29% PAT Growth -4.47% 11.66% EPS 29.87 30.95 27.72

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Shareholder's Funds 915.07 776.13 649.86 563.49 197.05 147.46 118.23 Share Capital 47.62 47.59 47.57 47.57 47.33 47.16 46.90 Total Reserves 854.55 718.69 599.57 515.39 148.20 98.27 71.33 Non-Current Liabilities 33.11 21.40 25.81 19.27 39.65 37.59 10.70 Secured Loans 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 Long Term Provisions 2.66 2.72 4.75 2.53 1.30 0.00 0.00 Current Liabilities 273.77 264.08 244.22 228.40 185.25 188.13 150.45 Trade Payables 220.49 199.14 201.41 185.57 138.59 136.24 107.46 Other Current Liabilities 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 14.53 24.71 22.64 Short Term Provisions 3.39 21.56 15.95 12.43 3.69 0.30 0.15 Total Liabilities 1,221.95 1,061.61 919.89 811.16 421.95 373.18 279.38 Net Block 548.33 264.69 253.34 249.33 200.75 148.56 94.95 Gross Block 709.95 382.45 338.86 304.44 232.40 165.50 128.66 Accumulated Depreciation 161.62 117.75 85.53 55.10 31.65 16.94 33.71 Non Current Assets 630.33 542.86 347.50 268.76 210.73 162.95 102.86 Capital Work in Progress 15.12 250.91 50.97 3.12 1.09 4.40 2.46 Non Current Investment 30.24 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 36.63 27.25 43.18 1.22 6.59 9.99 3.28 Other Non Current Assets 0.01 0.01 0.01 15.09 2.30 0.00 2.17 Current Assets 591.62 518.74 572.39 542.40 211.23 210.24 176.52 Current Investments 157.64 131.69 173.10 49.68 20.84 19.70 15.00 Inventories 166.20 117.66 117.72 94.67 76.76 69.33 50.76 Sundry Debtors 204.18 200.11 171.65 121.19 104.47 103.85 104.07 Cash & Bank 32.67 48.79 99.62 258.31 5.68 14.02 4.64 Other Current Assets 30.93 1.81 1.38 8.28 3.47 3.34 2.05 Short Term Loans & Adv. 26.42 18.68 8.92 10.26 2.01 2.19 1.28 Net Current Assets 317.85 254.66 328.17 313.99 25.98 22.11 26.07 Total Assets 1,221.95 1,061.60 919.89 811.16 421.96 373.19 279.38

Description Mar 24 Mar 23
Shareholder's Funds 902.14 776.13 Share Capital 47.62 47.59 Total Reserves 841.61 718.69 Non-Current Liabilities 82.14 21.40 Secured Loans 0.97 0.00 Unsecured Loans 0.54 0.00 Long Term Provisions 3.05 2.72 Current Liabilities 286.15 264.08 Trade Payables 228.99 199.14 Other Current Liabilities 52.73 43.37 Short Term Borrowings 0.80 0.00 Short Term Provisions 3.63 21.56 Total Liabilities 1,270.43 1,061.61 Net Block 591.12 264.69 Gross Block 758.01 382.45 Accumulated Depreciation 166.89 117.75 Non Current Assets 645.80 542.86 Capital Work in Progress 17.42 250.91 Non Current Investment 0.00 0.00 Long Term Loans & Adv. 37.24 27.25 Other Non Current Assets 0.02 0.01 Current Assets 624.62 518.74 Current Investments 166.71 131.69 Inventories 170.59 117.66 Sundry Debtors 223.11 200.11 Cash & Bank 32.93 48.79 Other Current Assets 31.28 1.81 Short Term Loans & Adv. 26.50 18.68 Net Current Assets 338.48 254.66 Total Assets 1,270.42 1,061.60

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Cash From Operating Activity 152.10 116.11 65.19 121.32 72.34 51.59 27.04 PBT 198.36 155.88 114.30 97.91 67.43 33.71 2.26 Adjustment 43.92 35.13 24.59 26.11 24.21 22.12 22.87 Changes in Working Capital -32.19 -50.47 -47.85 13.71 -6.87 0.20 1.95 Cash after chg. in Working capital 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 Tax Paid -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 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -142.82 -84.40 -69.16 -317.93 -61.27 -63.23 -22.73 Net Fixed Assets -91.71 -243.53 -82.27 -74.07 -63.59 -38.78 Net Investments -56.19 41.41 -123.42 -28.84 -1.14 -4.70 Others 5.08 117.72 136.53 -215.02 3.46 -19.75 Cash from Financing Activity -23.81 -20.06 -5.29 235.72 -17.23 18.85 -7.39 Net Cash Inflow / Outflow -14.53 11.65 -9.27 39.11 -6.16 7.22 -3.09 Opening Cash & Equivalents 47.18 35.53 44.80 5.68 11.84 4.62 7.71 Closing Cash & Equivalent 32.65 47.18 35.53 44.80 5.68 11.84 4.62

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

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 14 Mar 13 Mar 12
Book Value (Rs.) 189.45 161.02 136.04 118.35 61.07 44.06 34.95 101.73 94.72 82.64 ROA 13.02% 13.32% 9.71% 11.49% 12.03% 8.24% 0.98% 1.17% 2.52% 3.48% ROE 17.82% 18.67% 13.89% 19.14% 31.42% 23.67% 2.61% 8.33% 14.94% 19.43% ROCE 23.65% 22.06% 19.06% 25.10% 32.12% 21.22% 4.00% 13.00% 16.81% 20.55% Fixed Asset Turnover 2.80 3.49 3.22 3.04 3.50 3.64 3.48 7.42 9.42 10.13 Receivable days 48.28 53.85 51.65 50.55 54.63 70.84 81.03 66.49 68.52 68.41 Inventory Days 33.90 34.09 37.46 38.40 38.31 40.92 43.64 38.42 34.49 37.74 Payable days 117.13 122.81 137.53 157.12 91.29 90.52 102.80 71.80 56.83 59.55 Cash Conversion Cycle -34.95 -34.87 -48.43 -68.17 1.65 21.24 21.87 33.11 46.18 46.60 Total Debt/Equity 0.00 0.00 0.00 0.00 0.26 0.41 0.30 3.19 2.63 2.11 Interest Cover 125.70 114.29 86.91 26.68 13.05 8.24 1.59 1.37 1.64 1.77

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

Top Investors:

nippon life india trustee ltd-a/c nippon india small cap fund

hdfc small cap fund

arisaig asia fund limited

dsp flexi cap fund

ashoka whiteoak icav - ashoka whiteoak india opportunities fund

peak xv partners investments v

peak xv partners investments iv

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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