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GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
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Indigo Paints Limited

Indigo Paints Limited

NSE: INDIGOPNTS
Specialty ChemicalsBasic MaterialsSMALL CAPMCap ₹4.97k Cr
₹1,041.70₹5.90 (+0.57%)

Market Closed • NSE

Market cap₹4.97k Cr
Enterprise value₹4.63k Cr
P/E TTM30.97
Forward P/E24.10
P/B4.30
EPS TTM₹33.64
Forward EPS₹43.23
D/E1.83
Dividend yield0.00%
52W high₹1,345.90
52W low₹708.05
Price chart(1Y)
1Y Return:+4.67% (+₹46.50)
H: ₹1,220.9L: ₹960.25
1W+2.16%
1M-5.21%
3M-3.32%
6M+18.72%
1Y+1.27%
Today at a glance

Day range

₹1,023.10₹1,049.60

52 week range

₹708.05₹1,345.90
Volume48.2K1.11x 20D avg
Free float50.00%+11.40% volume

Indigo Paints Limited closed at INR1041.70 (+0.57%) on volume 1.11x its 20-day average, trading 22.6% below its 52-week high.

Technical analysis
RSI (14)41.8Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹33.46High
SMA 20₹1,072.65BEARISH
SMA 50₹1,111.29BEARISH
SMA 100₹1,073.80BEARISH
SMA 200₹1,010.63BULLISH
CPR bottom₹1,031.00
Pivot₹1,032.60
CPR top₹1,034.20
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved +58.5% QoQ

2026-09-04

DIVIDEND Announced

Dividend - Rs 5 Per Share

2025-08-22

DIVIDEND Announced

Dividend - Rs 3.50 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹21.1 Cr₹4.97k Cr0.42%≤ 33%PASS
Non-halal income ratio–₹1.41k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹1.60k Cr₹1.63k Cr98.03%≥ 20%PASS
Receivables ratio–₹1.63k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E30.9721.90
Forward P/E24.10—
P/B4.302.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield3.204.60
Growth & profitability
RevenuePAT
FY24PAT margin 11.30%
FY25PAT margin 10.60%
FY26PAT margin 10.30%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+1.60%
Revenue CAGR 5Y+1.60%
PAT CAGR 3Y+0.80%
PAT CAGR 5Y-0.30%
Operating margin12.56%
Net margin10.98%
Financial health & cash flow
Net debt–Moderate
Interest coverage66.60xEBIT / interest
CFO / PAT1.49x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹222.6 Cr
Capital expenditure–
Free cash flow₹87.6 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall55/100
Valuation50/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

High Cash Flow Conversion: CFO/PAT averaged 1.49x over last 3 years

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 1.83x

Bull case

Market Leadership: Established operational scale in Specialty Chemicals.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
04 Sept 2026Dividend₹5.00 / share—04 Sept 2026
22 Aug 2025Dividend₹3.50 / share—22 Aug 2025
02 Aug 2024Dividend₹3.50 / share—02 Aug 2024
—Annual General MeetingAnnual General Meeting—02 Aug 2024
—Dividend₹3.50 / share—28 Jul 2023
—Dividend₹3.00 / share—25 Aug 2022
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)50.22%+30.81% latest vs average
Highest delivery81.03%on 16 Oct
Average volume (20D)43.2KTrading-session average
Conviction trendStrengthening+30.81% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
UltraTech Cement Limited
UltraTech Cement LimitedULTRACEMCO
Open analysis
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JSW Steel Limited
JSW Steel LimitedJSWSTEEL
Open analysis
₹2.97L12.050.59%₹47,364.00₹4,651.00+11.55%+112.96%
Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About Indigo Paints Limited
Indigo Paints Limited

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.

IndiaBasic Materials

Questions investors ask
Is Indigo Paints Limited Shariah compliant?

Indigo Paints Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.42%) complies with AAOIFI threshold (≤ 33%).

What is Indigo Paints Limited's current valuation relative to peers?

Indigo Paints Limited trades at a P/E of 31.0x compared to the sector median of 21.9x, and a Price-to-Book of 4.3x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.83x. Interest coverage is 66.6x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 1.6% while net profit growth averaged -0.3%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.