Indigo Paints

Market Cap: Small Cap
Industry: Paints
ISIN: INE09VQ01012
NSEID: INDIGOPNTS
BSEID: 543258
View on NSE | View on BSE

INR

715.10

-15.7 (-2.15%)

BSENSE

Mar 30

BSE+NSE Vol: 1.68 lacs

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Comparison

Company

Score

Quality

Valuation

Financial

Technical

Akzo Nobel

Asian Paints

Sirca Paints

Kansai Nerolac

Indigo Paints

Berger Paints

Kamdhenu Venture

Shalimar Paints

MCON Rasayan

Retina Paints

Why is Indigo Paints Ltd ?

Poor long term growth as Net Sales has grown by an annual rate of 4.72% and Operating profit at 2.19% over the last 5 years

Flat results in Dec 25

ROCE(HY) Lowest at 17.95%
CASH AND CASH EQUIVALENTS(HY) Lowest at Rs 9.10 cr

Consistent Underperformance against the benchmark over the last 3 years

Along with generating -24.42% returns in the last 1 year, the stock has also underperformed BSE500 in each of the last 3 annual periods

Real-Time Research Report

Verdict Report

How much should you sell?

All quantity irrespective of whether you are making profits or losses

(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Paints)

When to re-enter? - We will constantly monitor the company and review our call based on new data

Is Indigo Paints for you?

Medium Risk, Low Return

Absolute

Risk Adjusted

Volatility

Indigo Paints

-24.14%

-0.74

32.78%

Sensex

-7.0%

-0.52

13.21%

Quality

Management Risk

Growth

Capital Structure

Quality grade scale :

Below Average, Average, Good, Excellent

Quality key factors

Factor

Value

Sales Growth (5y)

4.72%

EBIT Growth (5y)

2.19%

EBIT to Interest (avg)

70.58

Debt to EBITDA (avg)

0.10

Net Debt to Equity (avg)

-0.22

Sales to Capital Employed (avg)

1.35

Tax Ratio

26.16%

Dividend Payout Ratio

11.31%

Pledged Shares

Institutional Holding

32.34%

ROCE (avg)

23.53%

ROE (avg)

14.20%

Valuation

Valuation Scorecard

Valuation grade scale :

Very Risky, Risky, Very Expensive, Expensive, Fair, Attractive, Very Attractive

Valuation Key Factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

3.28

EV to EBIT

17.32

EV to EBITDA

13.24

EV to Capital Employed

3.92

EV to Sales

2.39

PEG Ratio

3.21

Dividend Yield

0.48%

ROCE (Latest)

21.33%

ROE (Latest)

13.49%

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Technicals

Technical key factors

Indicator

Weekly

Monthly

MACD

Bearish

RSI

No Signal

Bollinger Bands

Bearish

Moving Averages

Bearish (Daily)

KST

Bearish

Dow Theory

Bearish

OBV

Mildly Bearish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Technical Movement

Analyse All Technical Factors

Financial Trend

Financial Trend Scorecard

Financial Trend scale:

Very Negative, Negative, Flat, Positive, Very Positive, Outstanding

2What is working for the Company

PBT LESS OI(Q)

At Rs 52.74 cr has Grown at 21.2% (vs previous 4Q average

-3What is not working for the Company

ROCE(HY)

Lowest at 17.95%

CASH AND CASH EQUIVALENTS(HY)

Lowest at Rs 9.10 cr

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Here's what is working for Indigo Paints

Profit Before Tax less Other Income (PBT) - Quarterly

At Rs 52.74 cr has Grown at 21.2% (vs previous 4Q average)

over average PBT of the previous four quarters of Rs 43.53 Cr

MOJO Watch

Near term PBT trend is positive

PBT less Other Income (Rs Cr)

Here's what is not working for Indigo Paints

Cash and Cash Equivalents - Half Yearly

Lowest at Rs 9.10 cr

in the last six half yearly periods

MOJO Watch

Short Term liquidity is deteriorating

Cash and Cash Equivalents