Indigo Paints Limited
Indigo Paints Limited operates in Paints, part of the Consumer Durables sector. It booked ₹359 cr of revenue in its latest quarter (Q2 FY27) and kept 3.7% of sales as profit. It is the 5th largest of 8 Paints companies we track, by market value.
Healthier than 55% of companies in Consumer Durables, on the 5 of 6 measures we could read for it. Each measure is ranked against the 35–45 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 19
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure
Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.
What if I invest in INDIGOPNTS?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹359 cr |
| Other Income | ₹2 cr |
| Total Income | ₹361 cr |
| Cost of Materials | ₹215 cr |
| Purchases of Stock-in-Trade | ₹10 cr |
| Inventory Change (±) | ₹-4 cr |
| Employee Benefit Expense | ₹37 cr |
| Finance Costs | ₹75 L |
| Depreciation & Amortisation | ₹16 cr |
| Other Expenses | ₹70 cr |
| Total Expenses | ₹344 cr |
| Profit before Tax | ₹17 cr |
| Tax Expense | ₹3 cr |
| Net Profit | ₹13 cr |
| Net margin on total income | 3.7% |
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 425 cr | 370 cr | 359 cr |
| Total income | 426 cr | 380 cr | 361 cr |
| Expenses | 346 cr | 324 cr | 344 cr |
| Profit before tax | 80 cr | 56 cr | 17 cr |
| Tax | 20 cr | 14 cr | 3 cr |
| Net profit (owners' share) | 59 cr | 42 cr | 13 cr |
| Net margin (owners' share, on revenue) | 13.9% | 11.3% | 3.7% |
| EPS (₹) | 12.10 | 8.76 | 2.80 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| Asian Paints Limited | ₹2,438 | ₹2.34 L cr | 54.7 | 19.6% | 10.7% | — |
| Berger Paints (I) Limited | ₹480 | ₹55,933 cr | 34.6 | 23.4% | 11.3% | — |
| Kansai Nerolac Paints Limited | ₹187 | ₹15,132 cr | 16.4 | 13.8% | 9.8% | — |
| JSW Dulux Limited | ₹2,995 | ₹13,638 cr | 42.8 | 13.0% | 8.3% | — |
| Indigo Paints Limitedthis company | ₹866 | ₹4,132 cr | 77.3 | 4.5% | 3.7% | — |
| Sirca Paints India Limited | ₹409 | ₹2,322 cr | 35.9 | 13.6% | 12.5% | — |
| Shalimar Paints Limited | ₹80 | ₹673 cr | — | -65.2% | -28.1% | — |
| Kamdhenu Ventures Limited | ₹4 | ₹125 cr | — | -3.6% | -2.6% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹5 / share | 4 Sep 2026 |
| Dividend | ₹3.5 / share | 22 Aug 2025 |
| Dividend | ₹3.5 / share | 2 Aug 2024 |
| Dividend | ₹3.5 / share | 28 Jul 2023 |
| Dividend | ₹3 / share | 25 Aug 2022 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 11 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.