āagman

Not investment advice. Data and computed figures, for information only.

Indigo Paints Ltd

NSE: INDIGOPNTS
₹1,035.80
+₹16.90 (+1.66%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹4,882 Cr
CMP
₹1,035.80
52-wk High / Low
₹1,346 / 708
P/E
29.6
P/B
4.2
Book Value
₹242.0
Div Yield
0.49%
ROCE
19.0%
ROE
13.7%
Face Value
₹10
D/E
0.02

Price−1.5% over 1Y

āagman read

Computed by āagman
Derived from 4 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹407
√(22.5 × EPS × book value per share)
ROIC
12.4%
vs 12.3% sector median
Cash flow to profit
1.51
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+252
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
11.7%
ROE × earnings retention ratio
ROE stability
1.8
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −1.69DII +2.25
Latest quarter vs the previous one
Cash-accrual divergence
−4.9%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+PE of 29.6x is below the sector median of 38.5x
Watch-outs

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales288279354385311300343388309312359425370
Expenses239237292300264258285300265266290330308
Operating Profit49426285474257874447689662
OPM %17.0%15.1%17.5%22.1%15.1%14.0%16.6%22.4%14.2%15.1%18.9%22.6%16.8%
Other Income4334453663−2010
Interest0110111211111
Depreciation10111516151515131515151516
Profit before tax42335073363145793534508056
Net Profit32253854272236572625375942
EPS (₹)6.525.327.8211.275.504.757.5611.955.445.277.6312.108.76

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 4 years + TTM
Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0731,3061,3411,4051,466
Expenses8921,0681,1071,1501,193
Operating Profit182238233255272
OPM %17.0%18.2%17.4%18.1%18.6%
Other Income101418711
Interest12433
Depreciation3452596061
Profit before tax156199190198220
Net Profit132149142148163
EPS (₹)27.7330.9429.7630.4333.76

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital48484848—
Reserves7298559831,106—
Borrowings12212721—
Other Liabilities274347352454—
Total Liabilities1,0621,2701,4101,629—
Fixed Assets265591568590—
CWIP25117136220—
Investments132167226300—
Other Assets414495481519—
Total Assets1,0621,2701,4101,629—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity116151206223
Cash from Investing Activity−84−142−178−196
Cash from Financing Activity−20−23−24−32
Net Cash Flow12−144−5

Ratios

As of 31 Mar 2026
4 periods
Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—23.019.019.0
ROE %———13.7
EPS (₹)27.7330.9429.7630.43
Book Value (₹)———242.0
Face Value (₹)———10
P/E———29.6
Div Yield %———0.49
NPM %12.211.310.410.5
OPM %17.018.017.018.0
D/E0.020.020.030.02
P/B———4.2

Growth

As of 11 Oct 2026
Compounded sales growth
3 years+9.0%
TTM+10.0%
Compounded profit growth
3 years+4.0%
TTM+17.0%
Stock price CAGR
5 years−17.0%
3 years−11.0%
Last year−3.0%
Return on equity
3 years15.0%
Last year14.0%

Shareholding pattern

As of 31 Mar 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Promoters54.00%54.00%54.00%53.98%53.94%53.93%53.88%53.88%
FIIs10.67%10.67%8.94%8.80%7.73%12.41%7.42%5.73%
DIIs3.15%3.15%3.61%3.20%1.96%16.74%23.00%25.25%
Government————————
Public32.18%32.18%33.46%33.99%36.37%16.93%15.72%15.16%
No. of shareholders86,09786,09786,8351,22,7851,43,5881,58,9251,44,3611,39,467
Change since Jun 2023 (pp)
Promoters −0.12FIIs −4.94DIIs +22.10Public −17.02

Documents

As of 11 Oct 2026
Announcements
Closure of Trading WindowShareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGMAnnouncement under Regulation 30 (LODR)-Earnings Call TranscriptAnnouncement under Regulation 30 (LODR)-Newspaper Publication
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating update
Concalls
Sep 2026TranscriptSep 2026PPTSep 2026RecordingMay 2026TranscriptMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPTAug 2025Recording

Corporate actions

As of 4 Sep 2026
4 Sep 2026DIVIDENDDividend - Rs 5 Per Share—
22 Aug 2025DIVIDENDDividend - Rs 3.50 Per Share—
2 Aug 2024DIVIDENDDividend - Rs 3.50 Per Share—
28 Jul 2023DIVIDENDAnnual General Meeting/Dividend - Rs 3.50 Per Share—
25 Aug 2022DIVIDENDDividend - Rs 3 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman