Added to YB: 2025-11-18
Pitch date: 2025-11-16
INDIGOPNTS.NS [neutral]
Indigo Paints Limited
-19.93%
current return
Author Info
No bio for this author
Company Info
Indigo Paints Limited manufactures and sells decorative paints in India and internationally. The company offers interior and exterior emulsions, enamels, putties and primers, and sleek wood coatings, as well as waterproofing solutions and construction chemicals; aluminium paints, stone and tiles paints, roof paints, stainers, interior lustre finish under the Indigo brand.
Market Cap
INR 48.6B
Pitch Price
INR 1.3K
Price Target
N/A
Dividend
0.49%
EV/EBITDA
16.60
P/E
30.31
EV/Sales
3.10
Sector
Chemicals
Category
growth
Indigo Paints: The Silent Climber—How a Challenger Brand Is Quietly Repainting India’s ₹70,000 Cr Market
INDIGOPNTS.NS (overview): Challenger paint co w/ industry-leading 45.1% gross margins delivered resilient Q2 despite monsoons. Mgmt sees double-digit growth returning Q4 driven by dealer fund inflows & painter token scans at record levels. Rajasthan capex to double capacity, no further capex till FY29 = operating leverage unlock. Construction chemicals unit targeting ₹200-300cr in 3 yrs. Stock +24% post-results on demand revival signals.
Read full article (12 min)