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Nifty
Sensex

:
:

22795.90
75311.06

-117.25 (-0.51%)
-424.90 (-0.56%)

Indigo Paints Ltd.

Paints

Rating :

N/A

BSE: 543258 | NSE: INDIGOPNTS

Watchlist

NSE BSE

1274.75

06-Feb-2025

Open
High
Low
Previous Close

1274.45
1292.00
1264.00
1269.10

Volume
Traded Value (lacs)
52 Week High
52 Week Low

35185
450.14
1720.30
1034.10

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

5,131.45
37.04
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

5,117.84
0.32%
5.27

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
14.97
11.47

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
20.66
11.34

PAT CAGR (%)

10 Years
5 Years
3 Years

-
25.47
20.93

P:E (Median)

8 Years
5 Years
3 Years

-
-
-

P:BV (Average)

8 Years
5 Years
3 Years

-
-
1.89

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
-1239.17

Earnings Forecasts:

Description 2024 2025 2026 2027
Adj EPS 30.95 31.23 37.74 44.32
P/E Ratio 47.15 46.73 38.66 32.92
Revenue 1306 1451 1690 1964
EBITDA 238 252 296 340
Net Income 147 150 181 212
ROA 12.6 7 7.4 7.7
P/Bk Ratio 7.7 6.7 5.83 5.06
ROE 17.56 15.82 16.73 16.6
FCFF 46.64 97.76 122.16 153.46
FCFF Yield 0.68 1.42 1.77 2.23

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var%
Net Sales 327.48 341.25 -4.04% 288.55 270.46 6.69% 293.95 277.02 6.11% 366.14 325.47 12.50%
Expenses 270.17 280.34 -3.63% 245.96 228.68 7.56% 248.16 229.29 8.23% 283.86 253.74 11.87%
EBITDA 57.31 60.91 -5.91% 42.59 41.78 1.94% 45.79 47.73 -4.06% 82.28 71.73 14.71%
EBIDTM 17.50% 17.85% 14.76% 15.45% 15.58% 17.23% 22.47% 22.04%
Other Income 2.96 2.89 2.42% 4.89 2.97 64.65% 4.04 3.52 14.77% 4.05 2.81 44.13%
Interest 0.45 0.35 28.57% 0.57 0.47 21.28% 0.52 0.42 23.81% 0.36 0.39 -7.69%
Depreciation 13.93 13.30 4.74% 13.96 9.99 39.74% 13.88 8.80 57.73% 14.09 8.72 61.58%
PBT 45.89 50.15 -8.49% 32.95 34.30 -3.94% 35.42 42.03 -15.73% 71.88 65.43 9.86%
Tax 9.43 12.45 -24.26% 8.83 8.16 8.21% 8.96 10.74 -16.57% 18.36 16.76 9.55%
PAT 36.46 37.70 -3.29% 24.12 26.14 -7.73% 26.46 31.29 -15.44% 53.52 48.68 9.94%
PATM 11.13% 11.05% 8.36% 9.66% 9.00% 11.30% 14.62% 14.96%
EPS 7.66 7.92 -3.28% 5.07 5.49 -7.65% 5.56 6.57 -15.37% 11.24 10.23 9.87%

Description Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var%
Net Sales 342.62 353.77 -3.15% 299.53 279.02 7.35% 310.96 288.42 7.81% 384.88 325.47 18.25%
Expenses 285.43 291.53 -2.09% 258.03 236.88 8.93% 263.59 239.32 10.14% 300.29 253.74 18.35%
EBITDA 57.19 62.24 -8.11% 41.51 42.13 -1.47% 47.37 49.11 -3.54% 84.59 71.73 17.93%
EBIDTM 16.69% 17.59% 13.86% 15.10% 15.23% 17.03% 21.98% 22.04%
Other Income 3.15 3.07 2.61% 5.12 3.17 61.51% 4.21 3.82 10.21% 4.16 2.81 48.04%
Interest 0.61 0.62 -1.61% 0.71 0.55 29.09% 0.64 0.49 30.61% 0.46 0.39 17.95%
Depreciation 14.68 14.61 0.48% 15.36 11.29 36.05% 15.25 10.09 51.14% 15.58 8.72 78.67%
PBT 45.05 50.07 -10.03% 30.55 33.46 -8.70% 35.69 42.34 -15.71% 72.70 65.43 11.11%
Tax 9.20 12.52 -26.52% 8.30 8.14 1.97% 9.03 10.83 -16.62% 18.27 16.76 9.01%
PAT 35.85 37.55 -4.53% 22.26 25.32 -12.09% 26.66 31.52 -15.42% 54.44 48.68 11.83%
PATM 10.46% 10.62% 7.43% 9.07% 8.57% 10.93% 14.14% 14.96%
EPS 7.56 7.82 -3.32% 4.75 5.32 -10.71% 5.50 6.52 -15.64% 11.27 10.23 10.17%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Net Sales 1,276.12 1,254.86 1,073.33 905.97 723.32 624.79 535.63 411.12 Net Sales Growth 5.10% 16.91% 18.47% 25.25% 15.77% 16.65% 30.29% Cost Of Goods Sold 675.85 653.81 595.25 513.52 376.52 321.96 298.52 193.95 Gross Profit 600.27 601.05 478.08 392.45 346.81 302.83 237.10 217.16 GP Margin 47.04% 47.90% 44.54% 43.32% 47.95% 48.47% 44.27% 52.82% Total Expenditure 1,048.15 1,022.16 891.83 769.99 600.81 533.80 481.54 387.19 Power & Fuel Cost - 6.91 4.75 3.86 3.42 2.69 2.77 1.86 % Of Sales - 0.55% 0.44% 0.43% 0.47% 0.43% 0.52% 0.45% Employee Cost - 92.33 73.10 56.33 48.31 41.99 36.38 29.29 % Of Sales - 7.36% 6.81% 6.22% 6.68% 6.72% 6.79% 7.12% Manufacturing Exp. - 21.21 13.12 10.37 9.39 8.33 7.34 38.67 % Of Sales - 1.69% 1.22% 1.14% 1.30% 1.33% 1.37% 9.41% General & Admin Exp. - 23.85 18.95 11.34 9.04 9.61 9.32 10.87 % Of Sales - 1.90% 1.77% 1.25% 1.25% 1.54% 1.74% 2.64% Selling & Distn. Exp. - 213.05 178.96 168.57 148.92 144.82 123.16 63.15 % Of Sales - 16.98% 16.67% 18.61% 20.59% 23.18% 22.99% 15.36% Miscellaneous Exp. - 10.99 7.70 5.99 5.22 4.40 4.04 49.38 % Of Sales - 0.88% 0.72% 0.66% 0.72% 0.70% 0.75% 12.01% EBITDA 227.97 232.70 181.50 135.98 122.51 90.99 54.09 23.93 EBITDA Margin 17.86% 18.54% 16.91% 15.01% 16.94% 14.56% 10.10% 5.82% Other Income 15.94 13.43 10.10 10.89 3.59 1.64 1.63 0.46 Interest 1.90 1.59 1.38 1.33 3.81 5.59 4.66 3.81 Depreciation 55.86 46.18 34.35 31.25 24.39 19.61 17.05 17.01 PBT 186.14 198.36 155.88 114.30 97.91 67.43 34.02 3.58 Tax 45.58 49.71 23.94 30.25 27.06 19.61 6.84 -0.31 Tax Rate 24.49% 25.06% 15.36% 26.47% 27.64% 29.08% 20.29% -13.72% PAT 140.56 148.65 131.94 84.05 70.85 47.81 26.87 2.57 PAT before Minority Interest 140.56 148.65 131.94 84.05 70.85 47.81 26.87 2.57 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 11.01% 11.85% 12.29% 9.28% 9.80% 7.65% 5.02% 0.63% PAT Growth -2.26% 12.66% 56.98% 18.63% 48.19% 77.93% 945.53% EPS 29.53 31.23 27.72 17.66 14.88 10.04 5.64 0.54

Description TTM Mar 24 Mar 23
Net Sales 1,337.99 1,306.09 1,073.33 Net Sales Growth 7.32% 21.69% Cost Of Goods Sold 714.40 683.94 595.25 Gross Profit 623.59 622.15 478.08 GP Margin 46.61% 47.63% 44.54% Total Expenditure 1,107.34 1,068.02 891.83 Power & Fuel Cost - 7.07 4.75 % Of Sales - 0.54% 0.44% Employee Cost - 99.48 73.10 % Of Sales - 7.62% 6.81% Manufacturing Exp. - 21.99 13.12 % Of Sales - 1.68% 1.22% General & Admin Exp. - 26.11 18.95 % Of Sales - 2.00% 1.77% Selling & Distn. Exp. - 217.06 178.96 % Of Sales - 16.62% 16.67% Miscellaneous Exp. - 12.38 7.70 % Of Sales - 0.95% 0.72% EBITDA 230.66 238.07 181.50 EBITDA Margin 17.24% 18.23% 16.91% Other Income 16.64 14.22 10.10 Interest 2.42 2.12 1.38 Depreciation 60.87 51.58 34.35 PBT 183.99 198.58 155.88 Tax 44.80 49.75 23.94 Tax Rate 24.35% 25.05% 15.36% PAT 139.21 147.32 131.94 PAT before Minority Interest 138.55 148.83 131.94 Minority Interest -0.66 -1.51 0.00 PAT Margin 10.40% 11.28% 12.29% PAT Growth -2.70% 11.66% EPS 29.25 30.95 27.72

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Shareholder's Funds 915.07 776.13 649.86 563.49 197.05 147.46 118.23 Share Capital 47.62 47.59 47.57 47.57 47.33 47.16 46.90 Total Reserves 854.55 718.69 599.57 515.39 148.20 98.27 71.33 Non-Current Liabilities 33.11 21.40 25.81 19.27 39.65 37.59 10.70 Secured Loans 0.00 0.00 0.00 0.00 24.72 26.91 8.91 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 2.66 2.72 4.75 2.53 1.30 0.00 0.00 Current Liabilities 273.77 264.08 244.22 228.40 185.25 188.13 150.45 Trade Payables 220.49 199.14 201.41 185.57 138.59 136.24 107.46 Other Current Liabilities 49.89 43.37 26.86 30.41 28.45 26.88 20.20 Short Term Borrowings 0.00 0.00 0.00 0.00 14.53 24.71 22.64 Short Term Provisions 3.39 21.56 15.95 12.43 3.69 0.30 0.15 Total Liabilities 1,221.95 1,061.61 919.89 811.16 421.95 373.18 279.38 Net Block 548.33 264.69 253.34 249.33 200.75 148.56 94.95 Gross Block 709.95 382.45 338.86 304.44 232.40 165.50 128.66 Accumulated Depreciation 161.62 117.75 85.53 55.10 31.65 16.94 33.71 Non Current Assets 630.33 542.86 347.50 268.76 210.73 162.95 102.86 Capital Work in Progress 15.12 250.91 50.97 3.12 1.09 4.40 2.46 Non Current Investment 30.24 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Loans & Adv. 36.63 27.25 43.18 1.22 6.59 9.99 3.28 Other Non Current Assets 0.01 0.01 0.01 15.09 2.30 0.00 2.17 Current Assets 591.62 518.74 572.39 542.40 211.23 210.24 176.52 Current Investments 157.64 131.69 173.10 49.68 20.84 19.70 15.00 Inventories 166.20 117.66 117.72 94.67 76.76 69.33 50.76 Sundry Debtors 204.18 200.11 171.65 121.19 104.47 103.85 104.07 Cash & Bank 32.67 48.79 99.62 258.31 5.68 14.02 4.64 Other Current Assets 30.93 1.81 1.38 8.28 3.47 3.34 2.05 Short Term Loans & Adv. 26.42 18.68 8.92 10.26 2.01 2.19 1.28 Net Current Assets 317.85 254.66 328.17 313.99 25.98 22.11 26.07 Total Assets 1,221.95 1,061.60 919.89 811.16 421.96 373.19 279.38

Description Mar 24 Mar 23
Shareholder's Funds 902.14 776.13 Share Capital 47.62 47.59 Total Reserves 841.61 718.69 Non-Current Liabilities 82.14 21.40 Secured Loans 0.97 0.00 Unsecured Loans 0.54 0.00 Long Term Provisions 3.05 2.72 Current Liabilities 286.15 264.08 Trade Payables 228.99 199.14 Other Current Liabilities 52.73 43.37 Short Term Borrowings 0.80 0.00 Short Term Provisions 3.63 21.56 Total Liabilities 1,270.43 1,061.61 Net Block 591.12 264.69 Gross Block 758.01 382.45 Accumulated Depreciation 166.89 117.75 Non Current Assets 645.80 542.86 Capital Work in Progress 17.42 250.91 Non Current Investment 0.00 0.00 Long Term Loans & Adv. 37.24 27.25 Other Non Current Assets 0.02 0.01 Current Assets 624.62 518.74 Current Investments 166.71 131.69 Inventories 170.59 117.66 Sundry Debtors 223.11 200.11 Cash & Bank 32.93 48.79 Other Current Assets 31.28 1.81 Short Term Loans & Adv. 26.50 18.68 Net Current Assets 338.48 254.66 Total Assets 1,270.42 1,061.60

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18
Cash From Operating Activity 152.10 116.11 65.19 121.32 72.34 51.59 27.04 PBT 198.36 155.88 114.30 97.91 67.43 33.71 2.26 Adjustment 43.92 35.13 24.59 26.11 24.21 22.12 22.87 Changes in Working Capital -32.19 -50.47 -47.85 13.71 -6.87 0.20 1.95 Cash after chg. in Working capital 210.09 140.54 91.03 137.73 84.77 56.03 27.08 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -57.99 -24.43 -25.84 -16.41 -12.42 -4.43 -0.04 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -142.82 -84.40 -69.16 -317.93 -61.27 -63.23 -22.73 Net Fixed Assets -91.71 -243.53 -82.27 -74.07 -63.59 -38.78 Net Investments -56.19 41.41 -123.42 -28.84 -1.14 -4.70 Others 5.08 117.72 136.53 -215.02 3.46 -19.75 Cash from Financing Activity -23.81 -20.06 -5.29 235.72 -17.23 18.85 -7.39 Net Cash Inflow / Outflow -14.53 11.65 -9.27 39.11 -6.16 7.22 -3.09 Opening Cash & Equivalents 47.18 35.53 44.80 5.68 11.84 4.62 7.71 Closing Cash & Equivalent 32.65 47.18 35.53 44.80 5.68 11.84 4.62

Description Mar 24 Mar 23
Cash From Operating Activity 151.01 116.11 PBT 198.58 155.88 Adjustment 49.39 35.13 Changes in Working Capital -37.71 -50.47 Cash after chg. in Working capital 210.26 140.54 Interest Paid 0.00 0.00 Tax Paid -59.25 -24.43 Other Direct Exp. Paid 0.00 0.00 Extra & Other Items 0.00 0.00 Cash From Investing Activity -151.67 -84.40 Net Fixed Assets -91.71 Net Investments -56.19 Others -3.77 Cash from Financing Activity -23.24 -20.06 Net Cash Inflow / Outflow -23.90 11.65 Opening Cash & Equivalents 47.18 35.53 Closing Cash & Equivalent 32.92 47.18

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19 Mar 18 Mar 14 Mar 13 Mar 12
Book Value (Rs.) 189.45 161.02 136.04 118.35 61.07 44.06 34.95 101.73 94.72 82.64 ROA 13.02% 13.32% 9.71% 11.49% 12.03% 8.24% 0.98% 1.17% 2.52% 3.48% ROE 17.82% 18.67% 13.89% 19.14% 31.42% 23.67% 2.61% 8.33% 14.94% 19.43% ROCE 23.65% 22.06% 19.06% 25.10% 32.12% 21.22% 4.00% 13.00% 16.81% 20.55% Fixed Asset Turnover 2.80 3.49 3.22 3.04 3.50 3.64 3.48 7.42 9.42 10.13 Receivable days 48.28 53.85 51.65 50.55 54.63 70.84 81.03 66.49 68.52 68.41 Inventory Days 33.90 34.09 37.46 38.40 38.31 40.92 43.64 38.42 34.49 37.74 Payable days 117.13 122.81 137.53 157.12 91.29 90.52 102.80 71.80 56.83 59.55 Cash Conversion Cycle -34.95 -34.87 -48.43 -68.17 1.65 21.24 21.87 33.11 46.18 46.60 Total Debt/Equity 0.00 0.00 0.00 0.00 0.26 0.41 0.30 3.19 2.63 2.11 Interest Cover 125.70 114.29 86.91 26.68 13.05 8.24 1.59 1.37 1.64 1.77

Description Mar 24 Mar 23
Book Value (Rs.) 186.73 161.02 ROA 12.76% 20.18% ROE 17.98% 29.47% ROCE 23.87% 33.57% Fixed Asset Turnover 2.77 5.08 Receivable days 48.90 37.69 Inventory Days 33.31 21.30 Payable days 114.24 78.83 Cash Conversion Cycle -32.03 -19.84 Total Debt/Equity 0.00 0.00 Interest Cover 94.63 114.29

Top Investors:

nippon life india trustee ltd-a/c nippon india small cap fund

hdfc small cap fund

arisaig asia fund limited

ashoka whiteoak icav - ashoka whiteoak india opportunities fund

peak xv partners investments v

peak xv partners investments iv

abu dhabi investment authority - way

dsp flexi cap fund

mercer qif fund plc-mercer investment fund 1

Annual Reports:

News Update:

Indigo Paints reports 5% decline in Q3 consolidated net profit
10th Feb 2025, 17:14 PM

Total consolidated income of the company decreased by 3.10% at Rs 345.76 crore for Q3FY25
Read More
Indigo Paints - Quarterly Results
10th Feb 2025, 14:28 PM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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