Indigo Paints Limited share price
NSE: INDIGOPNTS · ISIN INE09VQ01012
Key numbers
- Market cap
- ₹ 5,387 Cr
- Current price
- ₹ 1,128.60
- 52-week high / low
- ₹ 1,346 / 708
- Stock P/E
- 33.6
- Book value
- ₹ 242.1
- Dividend yield
- 0.44%
- ROCE
- 18.0%
- ROE
- 13.3%
- Debt to equity
- 0.02
- Sales growth (3 yrs)
- 9.4%
- Profit growth (3 yrs)
- 3.2%
- 1-year return
- 2.6%
About 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 waterproofing solutions and construction chemicals; 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.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 388 | 309 | 359 | 425 | 370 |
| Operating profit | 87 | 44 | 68 | 96 | 62 |
| Net profit | 57 | 26 | 37 | 58 | 42 |
| EPS (₹) | 11.94 | 5.44 | 7.63 | 12.10 | 8.76 |
Concall summary (2026-09-03)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- Now the demand momentum that we described at the close of FY26 has carried through into the first quarter of FY27.
- As the high-cost inventory is consumed, we expect gross margins of Apple Chemie to improve through the second quarter and return to its normal level by Q3.
Growth & demand
- The category of primers and distempers led with almost a 30% value growth and a volume growth in excess of 18%.
- This was followed by the putty and cement paint segment, where the value growth was upwards of 21% and the volume growth was closer to 14%.
Margins & costs
- EBITDA for the Indigo Paints Limited August 14, 2026 quarter was INR61.9 crores against INR43.6 crores a year ago, reflecting a growth of 42% lifting our EBITDA margin from 14.8% in Q1 of last year to 17.7% in Q1 this year.
- EBITDA was INR62 crores at a margin of 16.8%, up 40% on an absolute amount and PAT was INR41.7 crores at a margin of 11%, up 60% on a total amount.
Capex & expansion
- And as an expression of our confidence in this business, we propose to acquire a further 11% stake as per our terms of original agreement, taking Indigo Paints' aggregate holding in Apple Chemie up to 62%.
- Now with this water-based Jodhpur facility being commissioned, our principal capex investment cycle draws to a close.
Balance sheet & cash
- The improvement is principally due to the operational leverage that comes with a larger revenue base, together with tighter control of d iscretionary expenditure across the organization.
- From here, incremental revenue should translate into free cash flows at a considerably better rate than over the last 5 years.
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