Indigo Paints

Has Indigo Paints declared dividend?

Indigo Paints Ltd has declared a 35% dividend, amounting to ₹3.5 per share, with an ex-date of August 2, 2024. However, the company's stock has experienced significant declines in total returns across various periods, despite the dividend announcement.

Indigo Paints Ltd has declared a 35% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 35%<BR>- Amount per share: 3.5<BR>- Ex-date: 02 Aug 24<BR><BR>Dividend Yield: 0.33%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -24.69%, with a dividend return of 0%, resulting in a total return of -24.69%.<BR><BR>Over the past year, the price return was -21.07%, the dividend return was 0.26%, leading to a total return of -20.81%.<BR><BR>In the 2-year period, the price return was -26.61%, with a dividend return of 0.49%, resulting in a total return of -26.12%.<BR><BR>For the 3-year period, the price return was -30.13%, the dividend return was 0.71%, culminating in a total return of -29.42%.<BR><BR>In the last 4 years, the price return was -56.73%, with a dividend return of 0.39%, resulting in a total return of -56.34%.<BR><BR>Over the 5-year period, the price return was 0%, the dividend return was 0%, leading to a total return of 0.0%.<BR><BR>Overall, while Indigo Paints has declared a dividend, the total returns over various periods have shown significant declines, indicating challenges in the company's stock performance despite the dividend announcement.

Who are the peers of the Indigo Paints?

Indigo Paints' peers include Asian Paints, Berger Paints, Kansai Nerolac, Akzo Nobel, Sirca Paints, Shalimar Paints, Kamdhenu Venture, Retina Paints, and MCON Rasayan. In terms of management risk and growth, Asian Paints and Akzo Nobel show excellent performance, while Indigo Paints has good management risk and average growth; Akzo Nobel leads in 1-year returns at 29.49%, while Indigo Paints has a return of -21.75%.

Peers: The peers of Indigo Paints are Asian Paints, Berger Paints, Kansai Nerolac, Akzo Nobel, Sirca Paints, Shalimar Paints, Kamdhenu Venture, Retina Paints, and MCON Rasayan.<BR><BR>Quality Snapshot: Excellent management risk is observed at Asian Paints, Berger Paints, and Akzo Nobel, while Good management risk is found at Kansai Nerolac and Indigo Paints. Average management risk is noted at Sirca Paints and MCON Rasayan, and Below Average management risk is present at Shalimar Paints and Kamdhenu Venture. Excellent growth is seen at Sirca Paints and MCON Rasayan, while Average growth is found at Asian Paints, Berger Paints, and Indigo Paints. Below Average growth is noted at Kansai Nerolac, Akzo Nobel, Shalimar Paints, and Kamdhenu Venture, and the rest have growth ratings that do not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Akzo Nobel at 29.49%, while the peer with the lowest is Kamdhenu Venture at -66.20%. Indigo Paints has a 1-year return of -21.75%, which is better than Kamdhenu Venture but worse than Akzo Nobel. Additionally, Shalimar Paints and Kamdhenu Venture have negative six-month returns.

Who are in the management team of Indigo Paints?

As of March 2023, the management team of Indigo Paints includes Hemant Jalan (Chairman & Managing Director), Anita Jalan (Executive Director), and several independent directors, overseeing the company's operations and strategic direction.

As of March 2023, the management team of Indigo Paints includes the following individuals:<BR><BR>1. Hemant Jalan - Chairman & Managing Director<BR>2. Anita Jalan - Executive Director<BR>3. Praveen Tripathi - Independent Director<BR>4. Sunil Badriprasad Goyal - Independent Director<BR>5. Narayanan Kutty Kottiedath Venugopal - Executive Director<BR>6. Sakshi Chopra - Nominee<BR>7. Ravi Nigam - Independent Director<BR>8. Dayeeta Shrinivas Gokhale - Company Secretary & Compliance Officer<BR>9. Ashwini Deshpande - Independent Director<BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

What does Indigo Paints do?

Indigo Paints Ltd manufactures and sells decorative paints and operates in the mid-cap segment of the paints industry. As of March 2025, it reported net sales of ₹3,876 Cr and a net profit of ₹569 Cr, with a market cap of ₹5,726 Cr.

Overview:<BR>Indigo Paints Ltd is engaged in the manufacture and sale of decorative paints and operates within the mid-cap segment of the paints industry.<BR><BR>History:<BR>Indigo Paints Limited was originally incorporated as a Private Limited Company in Pune, Maharashtra, on March 28, 2000. It was later converted into a Public Limited Company, with the name changed to Indigo Paints Limited on August 20, 2020. The latest quarterly results report net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 3,876 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 569 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: INR 5,726 Cr (Mid Cap)<BR><BR>Key Metrics:<BR>- P/E: 40.00<BR>- Industry P/E: 53<BR>- Dividend Yield: 0.29%<BR>- Debt-Equity: -0.23<BR>- Return on Equity: 13.76%<BR>- Price to Book: 5.58<BR><BR>Contact Details:<BR>No Company Details Available. Registrar Address: Not available.

Who are the top shareholders of the Indigo Paints?

The top shareholders of Indigo Paints include Hemant Kamala Jalan, the largest promoter with 17.99% ownership, and institutional investors like mutual funds (15.86%) and foreign institutional investors (12.41%). Individual shareholders collectively own 12.27%, with Nippon Life India Trustee Ltd being the highest public shareholder at 8.61%.

The top shareholders of Indigo Paints include a mix of promoters, institutional investors, and individual shareholders. The largest promoter is Hemant Kamala Jalan, who holds 17.99% of the shares. The company has no pledged promoter holdings, indicating strong confidence among its promoters. <BR><BR>In terms of institutional investment, mutual funds hold 15.86% of the shares across 10 schemes, while foreign institutional investors (FIIs) hold 12.41% through 94 different entities. The highest public shareholder is Nippon Life India Trustee Ltd, which manages the Nippon India Small Cap Fund and holds 8.61%. Additionally, individual investors collectively own 12.27% of the company's shares.

How big is Indigo Paints?

As of 24th July, Indigo Paints Ltd has a market capitalization of 5,720.00 Cr, with recent net sales of 1,340.67 Cr and a net profit of 141.77 Cr. The company reported shareholder's funds of 902.14 Cr and total assets of 1,270.43 Cr for the annual period ending March 2024.

As of 24th July, Indigo Paints Ltd has a market capitalization of 5,720.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, Indigo Paints reported Net Sales of 1,340.67 Cr and a Net Profit of 141.77 Cr.<BR><BR>For the latest annual period ending March 2024, the company had Shareholder's Funds of 902.14 Cr and Total Assets amounting to 1,270.43 Cr.

When is the next results date for Indigo Paints?

The next results date for Indigo Paints is 07 August 2025.

The next results date for Indigo Paints is scheduled for 07 August 2025.

Is Indigo Paints overvalued or undervalued?

As of August 8, 2025, Indigo Paints is considered overvalued with a PE ratio of 38.88 and has underperformed the Sensex with a year-to-date return of -17.94%, despite a valuation grade shift from very attractive to attractive.

As of 8 August 2025, the valuation grade for Indigo Paints has moved from very attractive to attractive, indicating a shift in market perception. The company is currently assessed as overvalued based on its high price-to-earnings (PE) ratio of 38.88, a price-to-book value of 5.34, and an EV to EBITDA ratio of 22.85. In comparison, its peers such as Asian Paints and Berger Paints are valued at significantly higher PE ratios of 61.63 and 54.35, respectively, suggesting that Indigo Paints may not justify its current valuation relative to its competitors.<BR><BR>Despite the attractive valuation grade, Indigo Paints has underperformed against the Sensex, with a year-to-date return of -17.94% compared to the Sensex's positive return of 2.20%. This underperformance, coupled with its elevated valuation ratios, supports the conclusion that Indigo Paints is overvalued in the current market environment.

How has been the historical performance of Indigo Paints?

Indigo Paints has shown steady growth in net sales and operating income from Mar'23 to Mar'25, but faced rising expenditures leading to declines in profitability metrics such as profit before tax and earnings per share. While total assets increased, cash flow from operating activities improved, indicating operational efficiency despite challenges in cost management.

Answer:<BR>The historical performance of Indigo Paints shows a steady growth in net sales and operating income over the past three years, with net sales increasing from 1,073.33 Cr in Mar'23 to 1,340.67 Cr in Mar'25. The total operating income followed a similar trend, rising from 1,073.33 Cr in Mar'23 to 1,340.67 Cr in Mar'25. However, the total expenditure also increased, from 891.80 Cr in Mar'23 to 1,107.18 Cr in Mar'25, leading to a slight decline in operating profit from 252.29 Cr in Mar'24 to 251.99 Cr in Mar'25. Profit before tax decreased from 198.58 Cr in Mar'24 to 189.95 Cr in Mar'25, and profit after tax also saw a decline from 148.83 Cr in Mar'24 to 142.16 Cr in Mar'25. The earnings per share (EPS) decreased from 30.94 in Mar'24 to 29.76 in Mar'25, reflecting the overall decline in profitability. On the balance sheet, total assets grew from 1,061.60 Cr in Mar'23 to 1,410.18 Cr in Mar'25, while total liabilities increased from 1,061.60 Cr to 1,410.18 Cr in the same period. The cash flow from operating activities improved significantly from 116.00 Cr in Mar'23 to 205.00 Cr in Mar'25, although cash flow from investing activities also increased to -177.00 Cr in Mar'25.<BR><BR>Breakdown:<BR>Indigo Paints has demonstrated a consistent upward trajectory in its net sales and total operating income, which rose from 1,073.33 Cr in Mar'23 to 1,340.67 Cr in Mar'25. Despite this growth, the company faced rising total expenditures, which climbed from 891.80 Cr to 1,107.18 Cr, resulting in a slight decrease in operating profit. Profit before tax and profit after tax also experienced declines, indicating challenges in maintaining profitability amidst increasing costs. The earnings per share reflected this trend, decreasing from 30.94 to 29.76. On the balance sheet, total assets and liabilities both increased significantly, highlighting the company's expansion. Cash flow from operating activities improved, showcasing better operational efficiency, while cash flow from investing activities worsened, indicating higher investments. Overall, Indigo Paints has shown growth in revenue and assets, but profitability metrics suggest the need for improved cost management.

Is Indigo Paints technically bullish or bearish?

As of November 19, 2025, Indigo Paints shows a mildly bullish trend, supported by daily moving averages and weekly Bollinger Bands, despite mixed signals from MACD and a bearish weekly RSI.

As of 19 November 2025, the technical trend for Indigo Paints has changed from mildly bearish to mildly bullish. The current stance is mildly bullish, driven primarily by the daily moving averages indicating bullish momentum and the weekly Bollinger Bands showing a mildly bullish signal. However, the weekly MACD remains bullish while the monthly MACD is mildly bearish, indicating mixed signals across different time frames. The weekly RSI is bearish, suggesting some weakness, but the overall trend is supported by the Dow Theory indicating a mildly bullish stance. The stock has shown a strong return over the past month compared to the Sensex, further reinforcing the bullish outlook.

Are Indigo Paints Ltd latest results good or bad?

Indigo Paints Ltd's latest Q3 FY26 results show a net profit increase of 44.88% quarter-on-quarter and a revenue rise of 14.97%, indicating positive short-term performance. However, year-on-year growth is modest at 4.72%, and the stock has declined by 12.34% over the past year, reflecting ongoing challenges in a competitive market.

Indigo Paints Ltd's latest results for Q3 FY26 show a mixed performance. On the positive side, the company reported a net profit of ₹36.38 crore, which reflects a significant increase of 44.88% quarter-on-quarter and a modest growth of 1.00% year-on-year. Revenue also saw a strong quarter-on-quarter increase of 14.97%, reaching ₹358.78 crore, although the year-on-year growth was a more modest 4.72%.<BR><BR>The operating margin improved to 19.05%, up from 14.91% in the previous quarter, indicating better operational efficiency. However, the year-on-year revenue growth of just 4.72% suggests that Indigo Paints is struggling to gain market share in a highly competitive industry dominated by larger players like Asian Paints and Berger Paints.<BR><BR>While the sequential growth is encouraging, the overall year-on-year figures indicate challenges in achieving sustainable growth. The stock has also faced significant underperformance over the past year, declining by 12.34%, which reflects investor skepticism regarding its growth prospects.<BR><BR>In summary, while there are positive signs in terms of quarterly performance, the broader context reveals ongoing challenges that may temper enthusiasm about the company's future growth potential.

Should I buy, sell or hold Indigo Paints Ltd?

Why is Indigo Paints Ltd falling/rising?

As of 16-Mar, Indigo Paints Ltd's stock price is Rs. 757.50, down 3.77%, with significant declines over various timeframes, including a 33.67% drop year-to-date. The stock is underperforming against benchmarks, showing bearish trends and poor long-term growth prospects, leading to declining investor confidence.

As of 16-Mar, Indigo Paints Ltd is experiencing a decline in its stock price, currently at Rs. 757.50, reflecting a change of -29.65 (-3.77%). The stock has been underperforming significantly, with a 1-week decline of -9.61% and a 1-month drop of -23.28%. Year-to-date, the stock has fallen by -33.67%, while the benchmark Sensex has only decreased by -11.40% during the same period.<BR><BR>Today, the stock hit a new 52-week low of Rs. 754, indicating a downward trend. It has been losing value for the last four consecutive days, with a total decline of -10.11% in that timeframe. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically signals a bearish trend.<BR><BR>Investor participation appears to be declining, as evidenced by a significant drop in delivery volume, which fell by -26.63% compared to the 5-day average. Although the company has a low debt-to-equity ratio and has shown a profit increase of 7.4% over the past year, the stock's overall performance has been disappointing, with a return of -22.74% in the last year and consistent underperformance against benchmarks over the past three years.<BR><BR>Furthermore, the company's long-term growth prospects are poor, with net sales growing at an annual rate of only 4.72% and operating profit at 2.19% over the last five years. These factors contribute to the stock's current decline, as investors may be losing confidence in its future performance.

Which are the latest news on Indigo Paints?