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Indigo Paints LimitedNSEI:INDIGOPNTS Stock Report

Market Cap ₹47.9b
Share Price
₹1.03k
₹850
21.0% overvalued intrinsic discount
1Y-2.7%
7D5.6%
1D
Portfolio Value
View

Indigo Paints Limited

NSEI:INDIGOPNTS Stock Report

Market Cap: ₹47.9b

Indigo Paints (INDIGOPNTS) Stock Overview

Manufactures and sells decorative paints in India and internationally. More details

INDIGOPNTS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance2/6
Financial Health5/6
Dividends3/6

Rewards

Risk Analysis

No risks detected for INDIGOPNTS from our risk checks.

INDIGOPNTS Community Fair Values

Create Narrative

See what 15 others think this stock is worth. Follow their fair value or set your own to get alerts.

Indigo Paints Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Indigo Paints
Historical stock prices
Current Share Price₹1,028.80
52 Week High₹1,345.90
52 Week Low₹708.05
Beta0.52
1 Month Change4.41%
3 Month Change33.88%
1 Year Change-2.74%
3 Year Change-28.04%
5 Year Change-59.78%
Change since IPO-67.00%

Recent News & Updates

Narrative Update Jun 01

INDIGOPNTS: Upcoming Board Decisions On Results And Dividend Will Support Stronger Outlook

Narrative Update on Analyst Price Target Analysts have adjusted their price target on Indigo Paints slightly lower from ₹1,463 to ₹1,440, reflecting updated assumptions on the discount rate, revenue, profit margins and future P/E multiples. What's in the News A board meeting is scheduled for May 22, 2026, at 14:30 IST to consider and approve the annual audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
Analysis Article May 27

Indigo Paints Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's been a good week for Indigo Paints Limited ( NSE:INDIGOPNTS ) shareholders, because the company has just released...
Narrative Update May 07

INDIGOPNTS: Future Board Decisions And Revised Assumptions Will Shape Balanced Outlook

Analysts have maintained the Indigo Paints fair value at ₹850, citing slightly revised assumptions for discount rates, revenue growth, profit margins and future P/E as the main factors behind keeping their price estimate unchanged. What's in the News Indigo Paints has scheduled a board meeting for May 22, 2026, to review and approve the annual audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026 (Key Developments).
Narrative Update Apr 22

INDIGOPNTS: Future Profitability And P/E Reset Suggest Balanced Fair Value Outlook

Analysts have trimmed their price target for Indigo Paints from ₹1,000 to ₹850, reflecting updated assumptions around revenue growth, margins, discount rate, and a lower future P/E multiple. Valuation Changes Fair Value: revised down from ₹1,000 to ₹850, indicating a materially lower assessed value per share.
Narrative Update Apr 07

INDIGOPNTS: Upcoming Board Review Will Support A Stronger Outlook

Analysts have trimmed their price target for Indigo Paints from ₹1,505 to about ₹1,463, reflecting updates to their fair value models that include adjusted assumptions on discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Board meeting scheduled for February 13, 2026 to review and approve unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (Key Developments).

Recent updates

Narrative Update Jun 01

INDIGOPNTS: Upcoming Board Decisions On Results And Dividend Will Support Stronger Outlook

Narrative Update on Analyst Price Target Analysts have adjusted their price target on Indigo Paints slightly lower from ₹1,463 to ₹1,440, reflecting updated assumptions on the discount rate, revenue, profit margins and future P/E multiples. What's in the News A board meeting is scheduled for May 22, 2026, at 14:30 IST to consider and approve the annual audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026.
Analysis Article May 27

Indigo Paints Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's been a good week for Indigo Paints Limited ( NSE:INDIGOPNTS ) shareholders, because the company has just released...
Narrative Update May 07

INDIGOPNTS: Future Board Decisions And Revised Assumptions Will Shape Balanced Outlook

Analysts have maintained the Indigo Paints fair value at ₹850, citing slightly revised assumptions for discount rates, revenue growth, profit margins and future P/E as the main factors behind keeping their price estimate unchanged. What's in the News Indigo Paints has scheduled a board meeting for May 22, 2026, to review and approve the annual audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026 (Key Developments).
Narrative Update Apr 22

INDIGOPNTS: Future Profitability And P/E Reset Suggest Balanced Fair Value Outlook

Analysts have trimmed their price target for Indigo Paints from ₹1,000 to ₹850, reflecting updated assumptions around revenue growth, margins, discount rate, and a lower future P/E multiple. Valuation Changes Fair Value: revised down from ₹1,000 to ₹850, indicating a materially lower assessed value per share.
Narrative Update Apr 07

INDIGOPNTS: Upcoming Board Review Will Support A Stronger Outlook

Analysts have trimmed their price target for Indigo Paints from ₹1,505 to about ₹1,463, reflecting updates to their fair value models that include adjusted assumptions on discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Board meeting scheduled for February 13, 2026 to review and approve unaudited standalone financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
Analysis Article Feb 17

Indigo Paints Limited Just Recorded A 7.0% EPS Beat: Here's What Analysts Are Forecasting Next

Indigo Paints Limited ( NSE:INDIGOPNTS ) shareholders are probably feeling a little disappointed, since its shares fell...
Analysis Article Jan 22

Be Wary Of Indigo Paints (NSE:INDIGOPNTS) And Its Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Narrative Update Jan 08

INDIGOPNTS: Board Review Of Results Will Support A Stronger Outlook

Analysts have maintained their fair value estimate for Indigo Paints at ₹1,505, while making slight updates to assumptions for the discount rate, revenue growth, profit margins and future P/E. These changes reflect refreshed views on the company’s risk profile and earnings potential without altering the headline price target.
Narrative Update Dec 12

INDIGOPNTS: Margins Are Expected To Expand And Support A Bullish Outlook

Analysts have trimmed their fair value estimate for Indigo Paints to ₹1,505 from ₹1,560, reflecting a modest recalibration in the target multiple, even as updated assumptions factor in slightly stronger revenue growth and margin expansion. What's in the News Board meeting scheduled for November 6, 2025, to review and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
Analysis Article Nov 27

Subdued Growth No Barrier To Indigo Paints Limited (NSE:INDIGOPNTS) With Shares Advancing 29%

Indigo Paints Limited ( NSE:INDIGOPNTS ) shareholders would be excited to see that the share price has had a great...
Narrative Update Sep 05

Modernization And Premium Demand Will Secure Future Success

With no material changes in key valuation metrics—such as the discount rate and future P/E ratio—the consensus analyst price target for Indigo Paints remains steady at ₹1224. What's in the News Indigo Paints to hold a board meeting on Aug 7 to consider and approve unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.
Analysis Article Aug 24

We Think Shareholders Are Less Likely To Approve A Pay Rise For Indigo Paints Limited's (NSE:INDIGOPNTS) CEO For Now

Key Insights Indigo Paints' Annual General Meeting to take place on 30th of August CEO Hemant Jalan's total...
User avatar
New Narrative Feb 24

Fiscal Measures Will Spur Consumer Confidence And Paint Demand

Governmental fiscal measures and completed manufacturing facilities aim to drive revenue growth and improve margins for Indigo Paints.
Analysis Article Feb 13

Indigo Paints Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

There's been a notable change in appetite for Indigo Paints Limited ( NSE:INDIGOPNTS ) shares in the week since its...
Analysis Article Nov 10

Earnings Miss: Indigo Paints Limited Missed EPS By 12% And Analysts Are Revising Their Forecasts

Last week, you might have seen that Indigo Paints Limited ( NSE:INDIGOPNTS ) released its half-year result to the...
Analysis Article Nov 09

Does Indigo Paints (NSE:INDIGOPNTS) Deserve A Spot On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Oct 17

Be Wary Of Indigo Paints (NSE:INDIGOPNTS) And Its Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article Sep 06

Does Indigo Paints (NSE:INDIGOPNTS) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Aug 09

Indigo Paints Limited Just Missed Earnings - But Analysts Have Updated Their Models

The analysts might have been a bit too bullish on Indigo Paints Limited ( NSE:INDIGOPNTS ), given that the company fell...
Analysis Article Aug 04

Shareholders May Find It Hard To Justify Increasing Indigo Paints Limited's (NSE:INDIGOPNTS) CEO Compensation For Now

Key Insights Indigo Paints will host its Annual General Meeting on 10th of August Total pay for CEO Hemant Jalan...
Analysis Article Aug 01

Indigo Paints (NSE:INDIGOPNTS) Has Affirmed Its Dividend Of ₹3.50

Indigo Paints Limited's ( NSE:INDIGOPNTS ) investors are due to receive a payment of ₹3.50 per share on 9th of...
Analysis Article Jul 18

Indigo Paints (NSE:INDIGOPNTS) Is Paying Out A Dividend Of ₹3.50

The board of Indigo Paints Limited ( NSE:INDIGOPNTS ) has announced that it will pay a dividend on the 9th of...
Analysis Article May 25

Analysts Have Made A Financial Statement On Indigo Paints Limited's (NSE:INDIGOPNTS) Full-Year Report

Indigo Paints Limited ( NSE:INDIGOPNTS ) last week reported its latest full-year results, which makes it a good time...
Analysis Article Apr 04

Indigo Paints Limited's (NSE:INDIGOPNTS) Business Is Trailing The Market But Its Shares Aren't

Indigo Paints Limited's ( NSE:INDIGOPNTS ) price-to-earnings (or "P/E") ratio of 46.6x might make it look like a strong...
Analysis Article Aug 01

We Ran A Stock Scan For Earnings Growth And Indigo Paints (NSE:INDIGOPNTS) Passed With Ease

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Feb 15

Indigo Paints Limited (NSE:INDIGOPNTS) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year

Last week, you might have seen that Indigo Paints Limited ( NSE:INDIGOPNTS ) released its quarterly result to the...
Analysis Article Dec 12

Are Indigo Paints Limited (NSE:INDIGOPNTS) Investors Paying Above The Intrinsic Value?

Does the December share price for Indigo Paints Limited ( NSE:INDIGOPNTS ) reflect what it's really worth? Today, we...
Analysis Article Nov 07

We Think That There Are Some Issues For Indigo Paints (NSE:INDIGOPNTS) Beyond Its Promising Earnings

Indigo Paints Limited's ( NSE:INDIGOPNTS ) healthy profit numbers didn't contain any surprises for investors. However...

Shareholder Returns

INDIGOPNTSIN ChemicalsIN Market
7D5.6%3.2%2.8%
1Y-2.7%-3.5%-1.5%

Return vs Industry: INDIGOPNTS matched the Indian Chemicals industry which returned -3.5% over the past year.

Return vs Market: INDIGOPNTS underperformed the Indian Market which returned -1.5% over the past year.

Price Volatility

Is INDIGOPNTS's price volatile compared to industry and market?
INDIGOPNTS volatility
INDIGOPNTS Average Weekly Movement5.7%
Chemicals Industry Average Movement7.2%
Market Average Movement7.1%
10% most volatile stocks in IN Market10.2%
10% least volatile stocks in IN Market4.7%

Stable Share Price: INDIGOPNTS has not had significant price volatility in the past 3 months compared to the Indian market.

Volatility Over Time: INDIGOPNTS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20001,045Hemant Jalanindigopaints.com

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.

Indigo Paints Limited Fundamentals Summary

How do Indigo Paints's earnings and revenue compare to its market cap?
INDIGOPNTS fundamental statistics
Market cap₹47.93b
Earnings (TTM)₹1.45b
Revenue (TTM)₹14.05b
33.8x
P/E Ratio
3.5x
P/S Ratio

Is INDIGOPNTS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
INDIGOPNTS income statement (TTM)
Revenue₹14.05b
Cost of Revenue₹7.51b
Gross Profit₹6.54b
Other Expenses₹5.09b
Earnings₹1.45b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)30.43
Gross Margin46.52%
Net Profit Margin10.33%
Debt/Equity Ratio0.2%

How did INDIGOPNTS perform over the long term?

See historical performance and comparison

Dividends

0.5%
Current Dividend Yield
16%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/16 16:06
End of Day Share Price 2026/06/16 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Indigo Paints Limited is covered by 15 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAsian Markets Securities Private Limited
Upasana MadanCentrum Broking Limited
Gaurang KakkadCentrum Broking Limited