Indigo Paints Limited

NSEI:INDIGOPNTS Stock Report

Market Cap: ₹71.5b

Indigo Paints Valuation

Is INDIGOPNTS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of INDIGOPNTS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: INDIGOPNTS (₹1500.8) is trading above our estimate of fair value (₹687.13)

Significantly Below Fair Value: INDIGOPNTS is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for INDIGOPNTS?

Key metric: As INDIGOPNTS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for INDIGOPNTS. This is calculated by dividing INDIGOPNTS's market cap by their current earnings.
What is INDIGOPNTS's PE Ratio?
PE Ratio51.1x
Earnings₹1.40b
Market Cap₹71.49b

Price to Earnings Ratio vs Peers

How does INDIGOPNTS's PE Ratio compare to its peers?

The above table shows the PE ratio for INDIGOPNTS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average82.6x
530117 Privi Speciality Chemicals
51.5x19.6%₹69.9b
ANURAS Anupam Rasayan India
115x47.1%₹80.4b
NEOGEN Neogen Chemicals
126.1x41.7%₹50.9b
ACI Archean Chemical Industries
38.1x43.0%₹83.7b
INDIGOPNTS Indigo Paints
51.1x19.0%₹71.5b

Price-To-Earnings vs Peers: INDIGOPNTS is good value based on its Price-To-Earnings Ratio (51.1x) compared to the peer average (82.6x).

Price to Earnings Ratio vs Industry

How does INDIGOPNTS's PE Ratio compare vs other companies in the IN Chemicals Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ZUARI Zuari Agro Chemicals
5xn/aUS$105.84m
NAGAFERT Nagarjuna Fertilizers and Chemicals
0.3xn/aUS$66.73m
UNIVPHOTO Universus Photo Imagings
4.9xn/aUS$48.64m
526773 Pressure Sensitive Systems (India)
0.6xn/aUS$7.19m
INDIGOPNTS 51.1xIndustry Avg. 31.6xNo. of Companies34PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: INDIGOPNTS is expensive based on its Price-To-Earnings Ratio (51.1x) compared to the Indian Chemicals industry average (31.6x).

Price to Earnings Ratio vs Fair Ratio

What is INDIGOPNTS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

INDIGOPNTS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio51.1x
Fair PE Ratio26.6x

Price-To-Earnings vs Fair Ratio: INDIGOPNTS is expensive based on its Price-To-Earnings Ratio (51.1x) compared to the estimated Fair Price-To-Earnings Ratio (26.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst INDIGOPNTS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,500.80
₹1,626.63
+8.4%
11.6%₹1,905.00₹1,300.00n/a8
Nov ’25₹1,676.35
₹1,609.38
-4.0%
12.3%₹1,990.00₹1,325.00n/a8
Oct ’25₹1,506.05
₹1,601.25
+6.3%
12.2%₹1,990.00₹1,325.00n/a8
Sep ’25₹1,450.50
₹1,601.25
+10.4%
12.2%₹1,990.00₹1,325.00n/a8
Aug ’25₹1,502.70
₹1,554.63
+3.5%
11.0%₹1,850.00₹1,325.00n/a8
Jul ’25₹1,400.10
₹1,548.38
+10.6%
10.9%₹1,850.00₹1,325.00n/a8
Jun ’25₹1,340.30
₹1,572.13
+17.3%
10.2%₹1,850.00₹1,325.00n/a8
May ’25₹1,373.95
₹1,619.00
+17.8%
9.9%₹1,850.00₹1,380.00n/a8
Apr ’25₹1,313.30
₹1,644.00
+25.2%
10.4%₹1,850.00₹1,380.00n/a8
Mar ’25₹1,400.95
₹1,656.50
+18.2%
9.3%₹1,850.00₹1,400.00n/a8
Feb ’25₹1,421.60
₹1,627.75
+14.5%
12.0%₹1,930.00₹1,375.00n/a8
Jan ’25₹1,493.20
₹1,608.38
+7.7%
12.8%₹1,930.00₹1,375.00n/a8
Dec ’24₹1,497.75
₹1,608.38
+7.4%
12.8%₹1,930.00₹1,375.00n/a8
Nov ’24₹1,423.25
₹1,683.13
+18.3%
14.9%₹2,075.00₹1,390.00₹1,676.358
Oct ’24₹1,485.80
₹1,635.63
+10.1%
17.4%₹2,075.00₹1,160.00₹1,506.058
Sep ’24₹1,583.20
₹1,635.63
+3.3%
17.4%₹2,075.00₹1,160.00₹1,450.508
Aug ’24₹1,579.50
₹1,542.88
-2.3%
16.6%₹1,970.00₹1,160.00₹1,502.708
Jul ’24₹1,428.90
₹1,495.43
+4.7%
17.5%₹1,970.00₹1,160.00₹1,400.107
Jun ’24₹1,473.40
₹1,492.57
+1.3%
17.8%₹1,970.00₹1,140.00₹1,340.307
May ’24₹1,153.55
₹1,224.29
+6.1%
18.3%₹1,745.00₹980.00₹1,373.957
Apr ’24₹1,008.35
₹1,256.43
+24.6%
18.5%₹1,745.00₹980.00₹1,313.307
Mar ’24₹994.85
₹1,430.63
+43.8%
27.7%₹2,250.00₹1,120.00₹1,400.958
Feb ’24₹1,156.80
₹1,697.63
+46.8%
19.6%₹2,250.00₹1,350.00₹1,421.608
Jan ’24₹1,302.60
₹1,760.13
+35.1%
17.0%₹2,250.00₹1,436.00₹1,493.208
Dec ’23₹1,334.85
₹1,760.13
+31.9%
17.0%₹2,250.00₹1,436.00₹1,497.758
Nov ’23₹1,440.10
₹1,881.63
+30.7%
18.3%₹2,400.00₹1,475.00₹1,423.258

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Maharashtra Seamless

₹81.7b

Manufactures and sells seamless steel pipes and tubes in India.

500265

₹609.95

7D

-0.6%

1Y

-33.0%

Sagar Cements

₹27.5b

Engages in the manufacture and sale of cement in India.

502090

₹210.75

7D

-1.2%

1Y

-15.2%

Jindal Stainless

₹564.9b

Manufactures and sells stainless-steel flat products in India and internationally.

532508

₹686.45

7D

-1.6%

1Y

28.9%