



Consumer Durables | Small Cap
Indigo Paints Ltd demonstrates a mixed financial performance. The company shows strong solvency, growth, coverage, and profitability, indicating a solid foundation and effective management in these areas. However, the company's liquidity ratios raise concerns, suggesting potential difficulties in meeting short-term obligations. Efficiency ratios also present a mixed picture, with some aspects performing well while others lag. The financial ratios reflect a need for improvement in earnings per share and book value. Overall, Indigo Paints exhibits strengths in long-term financial health and growth, but attention to liquidity and efficiency is needed to ensure sustained success. The weighted average calculation method emphasizes recent performance, highlighting both positive trends and areas needing focus.
Indigo Paints Ltd demonstrates a mixed financial performance. The company shows strong solvency, growth, coverage, and profitability, indicating a solid foundation and effective management in these areas. However, the company's liquidity ratios raise concerns, suggesting potential difficulties in meeting short-term obligations. Efficiency ratios also present a mixed picture, with some aspects performing well while others lag. The financial ratios reflect a need for improvement in earnings per share and book value. Overall, Indigo Paints exhibits strengths in long-term financial health and growth, but attention to liquidity and efficiency is needed to ensure sustained success. The weighted average calculation method emphasizes recent performance, highlighting both positive trends and areas needing focus.
Overall Valuation Score
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P/E RATIO (TTM)
37.76
Industry Median
33.07
Small Cap Median
32.15
P/E RATIO
37.85
P/B RATIO
4.76
Industry Median
3.11
Small Cap Median
2.73
P/S RATIO
3.79
Industry Median
2.78
Small Cap Median
1.71
Others
PEG RATIO
9.73
EV/EBITDA RATIO
20.34
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹1151.8 as on Aug 23, 2026.
The company's growth ratios indicate strong performance in revenue, operating profit, EPS, asset, and net income growth. This suggests effective strategic initiatives and market positioning. While a high growth rate can create operational challenges, the company appears to be managing its expansion effectively. This assessment is based on a weighted average of recent performance, highlighting a consistent trend of robust growth.
| Growth Ratios | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue Growth Rate | 21.71 | 2.68 | 4.77 | |
| Operating Profit Growth Rate | 30.77 | -2.1 | 9.44 | |
| Earnings Per Share (EPS) Growth | 11.58 | -3.81 | 2.25 | |
| Asset Growth Rate | 19.59 | 11.02 | 15.53 | |
| Net Income Growth Rate | 12.88 | -4.7 | 4.23 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Sirca Paints India Ltd | 7.70 | 39.41 | Overvalued | 99.00 | 11.45 | 65.00 |
| 2 | Indigo Paints Ltd | 6.64 | 37.85 | Highly Overvalued | 255.00 | 30.50 | 148.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Strong Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Concall Report⬤22nd Feb 26
Q3 FY26 Earnings Conference Call
BULLISH SENTIMENT
Concall Report⬤7th Nov 25
Q2 & H1 FY26 Earnings Conference Call
BULLISH SENTIMENT
No Stock News Available at This Moment.
Indigo Paints Ltd. is a fast-growing Indian decorative paint company known for its differentiated product portfolio, including specialty paints like Tile Coat Paint and Metallic Emulsion. It manufactures a wide range of interior and exterior emulsions, enamels, and primers, primarily serving the retail segment across diverse geographies in India.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Indigo Paints Ltd's P/E ratio (TTM) is 37.76, compared to the industry median of 33.07 and large cap median of 32.15.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Indigo Paints Ltd's P/B ratio is 4.76, compared to the industry median of 3.11 and large cap median of 2.73.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Indigo Paints Ltd's P/S ratio is 3.79, compared to the industry median of 2.78 and large cap median of 1.71.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Indigo Paints Ltd's PEG ratio is 9.73.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Indigo Paints Ltd's EV/EBITDA ratio is 20.34.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Indigo Paints Ltd's ROE is 12.82%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Indigo Paints Ltd's ROA is 15.65%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Indigo Paints Ltd's ROCE is 19%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Indigo Paints Ltd's operating margin is 18.15%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Indigo Paints Ltd's net margin is 10.53%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Indigo Paints Ltd's current ratio is 1.14.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Indigo Paints Ltd's debt-to-equity ratio is 0.02.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Indigo Paints Ltd's interest coverage ratio is 67.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Indigo Paints Ltd's DPS is ₹4.87.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Indigo Paints Ltd's EPS is 2.25.
(Source line: "Ratios as of 23 Aug 2026, based on last traded price of ₹1151.80. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 2000
Headquarters: Pune, Maharashtra
Core Offerings: Decorative paints, Exterior Emulsions, Interior Emulsions, Enamels, Primers, Putties, Wood Coatings
Stock Listing: NSE (INDIGOPNTS), BSE (543258)
Promoter: Hemant Jalan & Family
2000: Incorporated by Mr. Hemant Jalan. 2005 onwards: Began developing differentiated products, including 'Floor Coat Paint'. 2011: Launched unique offerings like 'Tile Coat Paint' and 'Metallic Emulsion'. 2013-2015: Expanded manufacturing capacity and significantly grew its dealer network across India. 2021: Successfully launched its Initial Public Offering (IPO), listing on NSE and BSE, boosting brand visibility and funding expansion. Present: Continues to focus on innovation, product diversification, and strengthening its distribution network to gain market share.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Paints and Coatings | 100% | N/A (consolidated) |
Decorative Paints: Manufactures a comprehensive range of interior and exterior emulsions, enamels, distempers, wood coatings, primers, and putties, catering to diverse customer needs.
Differentiated Products: Known for innovative and unique offerings such as Metallic Emulsion, Tile Coat Paint, Floor Coat Paint, and Ceiling Coat Paint, providing a competitive edge.
Manufacturing & Distribution: Operates three manufacturing facilities located in Jodhpur (Rajasthan), Pudukkottai (Tamil Nadu), and Kallakkurichi (Tamil Nadu) ensuring pan-India supply. The company has a robust distribution network comprising depots and over 14,000 active dealers.
Hemant Jalan, Chairman & Managing Director. Mr. Jalan is the founder of Indigo Paints Ltd. and brings over three decades of experience in the paint industry, steering the company's strategic vision and product innovation since its inception.
No major subsidiaries reported.
No major recent corporate actions on record.
The Indigo Paints Ltd share price today is ₹1151.80 on NSE (INDIGOPNTS), as of 24 Aug 2026.
As of 23 Aug 2026, Indigo Paints Ltd share price is ₹1151.80, with previous close ₹N/A. Today's range is ₹N/A to ₹N/A. The 52-week range is ₹N/A to ₹N/A.
As of today, Indigo Paints Ltd's market cap is ₹5,321.32 crore (Mid Cap).
Indigo Paints Ltd's current P/E ratio is 37.76, compared to the CONSUMER DURABLES sector average of 60.
Indigo Paints Ltd's current P/B ratio is 4.76.
Indigo Paints Ltd's current dividend yield is 0.42%. Last dividend of ₹3.50 per share was declared on 20-May-2024.
Indigo Paints Ltd's EPS (TTM) is ₹2.25.
Indigo Paints Ltd. is a fast-growing Indian decorative paint company known for its differentiated product portfolio, including specialty paints like Tile Coat Paint and Metallic Emulsion. It manufactures a wide range of interior and exterior emulsions, enamels, and primers, primarily serving the retail segment across diverse geographies in India.
Indigo Paints Ltd is promoted by Hemant Jalan & Family, holding 53.88% as of 23 Aug 2026.
Indigo Paints Ltd is listed on NSE (INDIGOPNTS) and BSE (543258). Its next quarterly results are expected on August 2024.