What the business is, and whether it's a good one at a fair price.
Manufactures and sells decorative paints in India, primarily water-based paints and emulsions, distributing through a nationwide dealer and tinting-machine network. The standalone paints business recorded FY26 revenue of ₹1,330 crore, while the consolidated business (including subsidiary Apple Chemie) reached ₹1,405 crore. Distribution covers all 28 states via 19,350+ active dealers, 12,200+ tinting machines and 55 depots. Subsidiary Apple Chemie handles waterproofing and sealants (with a sealant plant at Nagpur) and contributed ₹75.1 crore in FY26, guided for 30%+ growth in FY27. A new water-based plant at Jodhpur with 90,000 KL/annum capacity is in final commissioning for June 2026, after which no major capex is planned until FY29. Raw materials are the largest input cost at 50.4% of revenue, with employees at 9.0% and other operating expenses at 19.4%. Management has signalled willingness to take a 200–250 basis-point cut in gross margins to fund dealer and influencer incentives for market-share gains, while keeping EBITDA margins broadly unchanged.
Measured from the filed financials, judged against its Paints peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
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Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Who owns it — and is the promoter stake clean?
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Answered from INDIGO PAINTS LIMITED's filed financials and exchange disclosures
INDIGO PAINTS LIMITED is a Consumer Durables company listed on NSE and BSE, trading under the symbol INDIGOPNTS.
Yes. Over the trailing twelve months INDIGO PAINTS LIMITED reported a net profit of ₹163 Cr on revenue of ₹1,466 Cr.
Yes. The dividend yield is 0.32% at the current price. It paid out 11% of its profit as dividend in FY26.
Effectively yes. It holds ₹30 Cr more cash than debt. Debt stands at 0.00× equity.
On trailing P/E, INDIGO PAINTS LIMITED ranks 3 of 7 in Paints — cheaper than 67% of them, against an industry median of 35.8×. This is a position, not a valuation judgement.
On a typical session INDIGO PAINTS LIMITED moves 1.09% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by INDIGO PAINTS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
