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Indigo Paints Limited (INDIGOPNTS.NS)

INR1,084.40 +46.70 (+4.50%)
IN NSE Basic Materials Chemicals - Specialty
Address Indigo Tower 411045
Pune, IN
CEO Hemant Kamala Jalan
IPO 2021-02-02
ISIN INE09VQ01012

Explore sections of this company profile

Also trades on Bombay Stock Exchange · INDIGOPNTS.BO (INR) National Stock Exchange of India · INDIGOPNTS.NS (INR)
Description

Indigo Paints Limited specializes in the development, manufacturing, and distribution of decorative paint products. The company serves a broad customer base, both within India and across international markets. Its comprehensive product line features a diverse range of decorative solutions, including interior and exterior emulsions, enamels, wall putties, primers, and premium wood finishes. Furthermore, Indigo Paints offers a variety of specialized items, such as water-resistant emulsions, aluminium paints, coatings for stone and tiles, roof paints, and various tinting solutions. The company was founded in 2000 and operates primarily from its headquarters located in Pune, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR1,084.40 +46.70 (+4.50%)
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Volume Profile
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Liquidity & share structure
Average Volume
126.2K
Beta
0.52
Float Shares
16.92M
Free Float %
35.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.56% +0.24% +15.15% +4.52% -24.21% -13.42% -5.27% -34.30% -61.50% -68.23% -68.23%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,084.40
DCF (Unlevered) 222.40 -79.5%
DCF (Levered) 576.43 -46.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 63% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 5 +1
Hold 1 -1
Sell 0 0
Strong Sell 2 0
Quality scores
Altman Z-Score
7.60
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Chemicals - Specialty: +4.7%
    +4.8% Q1'26: +9.7% (vs Q1'25)
  • EPS growth Chemicals - Specialty: +13.2%
    +1.7% Q1'26: +1.3% (vs Q1'25)
  • FCF margin FCF growth · Chemicals - Specialty: +44.1%
    +11.7% Q1'26: +2.2% (vs Q1'25)
  • EBIT margin Chemicals - Specialty: +8.8%
    +13.9% Q1'26: +18.9% (vs Q1'25)
  • ROIC Chemicals - Specialty: +5.6%
    +17.2% Q1'26: +28.3% (vs Q1'25)
  • Share dilution Chemicals - Specialty: +0.1%
    +0.6% Q1'26: +0.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×
    0.08× Q1'26: 0.06× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.16) × ERP
WACC = 100% × Ke + 0% × Kd (13.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 225.52 Current price: 1,084.40
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
7 Rev. Ana.
5 EPS Ana.
Mar 2027
4 Rev. Ana.
6 EPS Ana.
Mar 2028
7 Rev. Ana.
6 EPS Ana.
Revenue
7.20B
est: 7.25B (-0.7%)
9.01B
est: 9.49B (-5.0%)
10.73B
est: 10.69B (+0.4%)
13.00B
est: 13.29B (-2.1%)
13.41B
est: 13.56B (-1.1%)
13.92B
13.20B – 14.11B
+2.6% YoY
15.76B
15.02B – 16.90B
+13.2% YoY
17.46B
16.32B – 18.61B
+10.8% YoY
EBITDA
1.25B
est: 1.30B (-3.4%)
1.46B
est: 1.70B (-14.2%)
1.90B
est: 1.91B (-0.6%)
2.52B
est: 2.73B (-7.7%)
2.52B
est: 2.79B (-9.7%)
2.86B
2.72B – 2.90B
+2.6% YoY
3.24B
3.09B – 3.48B
+13.2% YoY
3.59B
3.36B – 3.83B
+10.8% YoY
EBIT
981.56M
est: 1.03B (-4.8%)
1.14B
est: 1.35B (-15.2%)
1.56B
est: 1.52B (+2.5%)
2.01B
est: 1.98B (+1.1%)
1.93B
est: 2.03B (-4.5%)
2.08B
1.97B – 2.11B
+2.6% YoY
2.35B
2.24B – 2.53B
+13.2% YoY
2.61B
2.44B – 2.78B
+10.8% YoY
Net Income
708.50M
est: 950.92M (-25.5%)
840.48M
est: 1.02B (-17.9%)
1.32B
est: 1.15B (+15.0%)
1.47B
est: 1.42B (+3.4%)
1.42B
est: 1.41B (+0.2%)
1.60B
1.54B – 1.66B
+13.2% YoY
1.79B
1.48B – 1.90B
+11.9% YoY
2.02B
1.64B – 2.29B
+12.8% YoY
SGA
1.51B
est: 1.29B (+17.3%)
1.71B
est: 1.68B (+1.7%)
1.82B
est: 1.90B (-4.1%)
2.22B
est: 2.32B (-3.9%)
1.98B
est: 2.36B (-16.4%)
2.43B
2.30B – 2.46B
+2.6% YoY
2.75B
2.62B – 2.95B
+13.2% YoY
3.04B
2.85B – 3.24B
+10.8% YoY
EPS
15.55
est: 20.00 (-22.3%)
17.67
est: 21.53 (-17.9%)
27.73
est: 24.13 (+14.9%)
30.95
est: 29.93 (+3.4%)
29.89
est: 29.01 (+3.0%)
33.46
32.30 – 34.68
+15.3% YoY
36.86
30.99 – 39.65
+10.2% YoY
42.85
34.34 – 47.81
+16.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-05-25 A- 4/5 4/5 4/5 5/5 3/5 2/5 2/5
2026-05-22 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
231.71M
OE per share TTM
4.85
Owner's Yield
0.49%
Maintenance CapEx ratio
3.43%
Maint CapEx / Avg PPE
42.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.75M
Shares Outstanding
47.68M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Hemant Kamala Jalan Chairman & MD 36M male
Narayanankutty Kottiedath Venugopal Executive Director 18M male
Sayalee Anil Yengul Company Secretary & Compliance Officer 948.0K female
Surendra Suresh-Babu Thundiyil Chief Operating Officer male
Pavan Sharma General Manager of Technical male
Chetan Bhalchandra Human Chief Financial Officer male
Srihari Santhakumar Head of Investor Relations & GM of Finance male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits