INDIGO PAINTS LIMITED
Latest filings
Next results: Fri, 30 Oct · Financial Results- Indigo Paints Q2 FY27 earnings call on November 2, 2026 at 11:00 IST · Board & Shareholder Meetings
- Indigo Paints board to meet on Oct 30 to approve Q2 FY26 results · Results
- Routine compliance certificate for dematerialisation for Q2 FY26 · Compliance
Snapshot
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.
Scorecard
Measured from the filed financials, judged against its Paints peers · as of FY26 — not investment advice
Strengths
Concerns
Nothing flagged in the filed numbers.Charts
How has the market priced it — with filings on the timeline?
INDIGOPNTS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Peers
How does it stack up on valuation, returns and growth?
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Financials
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
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Ownership
Who owns it — and is the promoter stake clean?
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Common questions
Answered from INDIGO PAINTS LIMITED's filed financials and exchange disclosures
What does INDIGO PAINTS LIMITED do?
INDIGO PAINTS LIMITED is a Consumer Durables company listed on NSE and BSE, trading under the symbol INDIGOPNTS.
Is INDIGO PAINTS LIMITED profitable?
Yes. Over the trailing twelve months INDIGO PAINTS LIMITED reported a net profit of ₹163 Cr on revenue of ₹1,466 Cr.
Does INDIGO PAINTS LIMITED pay a dividend?
Yes. The dividend yield is 0.34% at the current price. It paid out 11% of its profit as dividend in FY26.
Is INDIGO PAINTS LIMITED debt-free?
On a net basis, yes. It reported borrowings of ₹1.91 Cr on its 31 Mar 2026 balance sheet, but holds ₹30 Cr more cash than debt.
Is INDIGO PAINTS LIMITED expensive compared with its peers?
On trailing P/E, INDIGO PAINTS LIMITED ranks 3 of 7 in Paints — cheaper than 67% of them, against an industry median of 34.3×. This is a position, not a valuation judgement.
How much does the INDIGO PAINTS LIMITED share price move in a day?
On a typical session INDIGO PAINTS LIMITED moves 1.16% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.
When are INDIGO PAINTS LIMITED's next results?
Financial Results on Fri, 30 Oct. MarketPing alerts you on WhatsApp the moment the filing lands.
Where can I track INDIGO PAINTS LIMITED's announcements?
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.