Indigo Paints Limited has informed the Exchange that Board of Directors at its meeting held on May 22, 2026, recommended Final Dividend of Rs. 5 per equity share.
INDIGOPNTS · price
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Indigo Paints reported audited FY2026 consolidated revenue of Rs. 1,40,502 lakhs (up 4.8% YoY from Rs. 1,34,067 lakhs) and consolidated net profit of Rs. 14,761 lakhs (up 3.8% YoY from Rs. 14,216 lakhs). EPS stood at Rs. 30.44. The Board recommended a final dividend of Rs. 5 per share (50% on face value of Rs. 10), subject to shareholder approval at the AGM. Statutory auditors Price Waterhouse Chartered Accountants LLP issued an unmodified (clean) opinion on both consolidated and standalone results. An exceptional charge of Rs. 613.31 lakhs (consolidated) was recorded due to past service cost arising from India's New Labour Codes. The company also appointed new Internal Auditor (DKV & Associates) and Cost Auditor (Harshad S Deshpande & Associates) for FY2026-27, and promoted Mr. Aishwarya Pratap Singh as Chief Business Officer and Mr. Srihari Santhakumar as GM Finance, both effective May 22, 2026.
Steady financial performance with moderate growth; clean audit signals financial health. Dividend of Rs. 5 per share offers ~1.5-2% yield at current prices, providing modest shareholder return. No red flags for investors.