Indigo Paints Ltd
Indigo Paints Ltd (INDIGOPNTS) last reported results for the quarter ended Jun 2026, with sales of ₹370 crore and net profit of ₹42 crore. The stock last traded at ₹1,041, a market capitalisation of ₹4,968 crore, on a P/E of 30.1. Over the past 52 weeks the stock has ranged between ₹702 and ₹1,346. Figures are as of 6 Oct 2026 and are not real time.
Indigo Paints Ltd share price and key metrics
- Current price
- ₹1,041
- Market cap
- ₹4,968 cr
- Stock P/E
- 30.1
- Book value
- ₹242
- ROE
- 13.7%
- ROCE
- 18.6%
- Dividend yield
- 0.48%
- 52w high / low
- 1346/702
Metrics as of 6 Oct 2026. Not real time.
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Indigo Paints Ltd growth and returns
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 9%
- TTM
- 10%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 4%
- TTM
- 17%
- 10 Years
- %
- 5 Years
- -16%
- 3 Years
- -12%
- 1 Year
- -4%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 15%
- Last Year
- 14%
Indigo Paints Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹370 cr, up 19.7% from ₹309 cr a year earlier. Net profit was ₹42 cr, up 61.5% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 300 | 343 | 388 | 309 | 312 | 359 | 425 | 370 |
| Expenses | 258 | 285 | 300 | 265 | 266 | 290 | 330 | 308 |
| Operating profit | 42 | 57 | 87 | 44 | 47 | 68 | 96 | 62 |
| OPM % | 14% | 17% | 23% | 14% | 15% | 19% | 22% | 17% |
| Other income | 5 | 3 | 6 | 6 | 3 | -2 | 0 | 10 |
| Interest | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 15 | 15 | 13 | 15 | 15 | 15 | 15 | 16 |
| Profit before tax | 31 | 45 | 79 | 35 | 34 | 50 | 80 | 56 |
| Tax % | 27% | 20% | 27% | 25% | 25% | 26% | 26% | 26% |
| Net profit | 22 | 36 | 57 | 26 | 25 | 37 | 59 | 42 |
| EPS (₹) | 4.75 | 7.56 | 11.95 | 5.44 | 5.27 | 7.63 | 12.10 | 8.76 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Indigo Paints Ltd annual results
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|
| Sales | 1,073 | 1,306 | 1,341 | 1,405 | 1,466 |
| Operating profit | 182 | 238 | 233 | 255 | 272 |
| OPM % | 17% | 18% | 17% | 18% | 19% |
| Net profit | 132 | 149 | 142 | 148 | 163 |
| EPS (₹) | 27.73 | 30.94 | 29.76 | 30.43 | 33.76 |
TTM is the trailing twelve months to the most recent quarter.
Indigo Paints Ltd balance sheet
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity capital | 48 | 48 | 48 | 48 |
| Reserves | 729 | 855 | 983 | 1,106 |
| Borrowings | 12 | 21 | 27 | 21 |
| Other liabilities | 274 | 347 | 352 | 454 |
| Total liabilities | 1,062 | 1,270 | 1,410 | 1,629 |
| Fixed assets | 265 | 591 | 568 | 590 |
| CWIP | 251 | 17 | 136 | 220 |
| Investments | 132 | 167 | 226 | 300 |
| Other assets | 414 | 495 | 481 | 519 |
| Total assets | 1,062 | 1,270 | 1,410 | 1,629 |
As reported by the company. Total assets equal total liabilities by construction.
Indigo Paints Ltd cash flow
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Cash from operations | 116 | 151 | 206 | 223 |
| Cash from investing | -84 | -142 | -178 | -196 |
| Cash from financing | -20 | -23 | -24 | -32 |
| Net cash flow | 12 | -14 | 4 | -5 |
| Free cash flow | -81 | 47 | 70 | 88 |
| CFO / operating profit | 77% | 88% | 101% | 110% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Indigo Paints Ltd operating ratios
| Per year | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROCE % | — | 23% | 19% | 19% |
| Debtor days | 68 | 62 | 66 | 74 |
| Inventory days | 72 | 91 | 77 | 87 |
| Days payable | 122 | 122 | 89 | 106 |
| Cash conversion cycle | 18 | 31 | 55 | 55 |
| Working capital days | 25 | 39 | 36 | 29 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Indigo Paints Ltd shareholding pattern
Promoters held 53.88% at Jun 2026, broadly unchanged since Jun 2025. FIIs 5.73% and DIIs 25.25%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 53.93% | 53.93% | 53.93% | 53.93% | 53.88% | 53.88% | 53.88% | 53.88% |
| FIIs | 12.31% | 12.50% | 12.41% | 11.71% | 11.81% | 11.21% | 7.42% | 5.73% |
| DIIs | 16.14% | 17.06% | 16.74% | 19.29% | 19.68% | 21.13% | 23.00% | 25.25% |
| Public | 17.64% | 16.52% | 16.93% | 15.09% | 14.64% | 13.80% | 15.72% | 15.16% |
| No. of shareholders | 1,49,623 | 1,56,800 | 1,58,925 | 1,59,977 | 1,53,100 | 1,42,630 | 1,44,361 | 1,39,467 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Indigo Paints Ltd corporate filings
- Intimation of Closure of trading window under SEBI (PIT) Regulations, 2015 from October 01, 2026 till 48 hours after the announcement of unaudited financial results of the Company for the ....Insider Trading / SASTlow impact
- Indigo Paints Limited Announces Successful Conclusion of 26th AGM and Approval of Final Dividend of INR 5 per ShareAGM/EGMlow impact
Cruxal's analysis: Indigo Paints Limited has successfully concluded its 26th Annual General Meeting held on…
Read the full analysis - Indigo Paints Limited Concludes 26th Annual General Meeting; Declares Final Dividend of INR 5 per ShareAGM/EGMlow impact
Cruxal's analysis: Indigo Paints Limited has successfully concluded its 26th Annual General Meeting held on…
Read the full analysis - Indigo Paints Reports Strong Q1 FY27 Performance with 18.7% Revenue Growth and 60.7% PAT SurgeCompany Updatehigh impact
Cruxal's analysis: Indigo Paints Limited delivered a robust Q1 FY27, with standalone revenue reaching 350…
Read the full analysis - Indigo Paints Ltd: Routine Newspaper Publication of Financial ResultsCompany Updatelow impact
Cruxal's analysis: Indigo Paints Ltd has fulfilled its regulatory obligation under Regulation 30 of the SEBI…
Read the full analysis - Indigo Paints Ltd files Business Responsibility and Sustainability Report for FY 2025-26Otherslow impact
Cruxal's analysis: Indigo Paints Ltd has submitted its Business Responsibility and Sustainability Report…
Read the full analysis - Indigo Paints Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Indigo Paints Ltd has filed its Annual Report for the financial year 2025-26, dated…
Read the full analysis - Indigo Paints Limited announces 26th AGM for September 12, 2026, with final dividend of INR 5.00 per shareAGM/EGMlow impact
Cruxal's analysis: Indigo Paints Limited has scheduled its 26th Annual General Meeting for September 12…
Read the full analysis - HDFC Mutual Fund Increases Stake in Indigo Paints Limited to 7.886% via Open Market PurchasesInsider Trading / SASTmedium impact
Cruxal's analysis: Indigo Paints Limited has received a disclosure from HDFC Asset Management Company…
Read the full analysis - Nippon India Mutual Fund reduces stake in Indigo Paints Limited by 2.42% via open market salesInsider Trading / SASTlow impact
Cruxal's analysis: Nippon India Mutual Fund has disclosed the sale of 11.55 lakh shares of Indigo Paints…
Read the full analysis - Indigo Paints Limited Reports Q1 FY2027 Financial Results with Revenue Growth and Profitability ExpansionCompany Updatehigh impact
Cruxal's analysis: Indigo Paints Limited reported its financial results for the quarter ended June 30, 2026…
Read the full analysis - Indigo Paints Ltd submits audio recording of analyst/investor call held on August 14, 2026Company Updatelow impact
Cruxal's analysis: Indigo Paints Ltd has filed the audio recording of its analyst and investor conference…
Read the full analysis - Indigo Paints Reports Strong Q1 FY27 Growth and Announces Strategic Acquisition of Additional 11% Stake in Apple ChemieCompany Updatehigh impact
Cruxal's analysis: Indigo Paints Limited delivered robust Q1 FY27 performance with standalone revenue from…
Read the full analysis - Indigo Paints Limited to explore acquisition of additional 11% stake in subsidiary Apple Chemie India Private LimitedCompany Updatemedium impact
Cruxal's analysis: Indigo Paints Limited has announced that its Board of Directors has approved the…
Read the full analysis - Indigo Paints Limited announces 26th AGM and final dividend of INR 5.00 per shareCorp. Actionlow impact
Cruxal's analysis: Indigo Paints Limited has scheduled its 26th Annual General Meeting for September 12…
Read the full analysis - Indigo Paints Reports Strong Q1 FY27 Results with 19.7% Revenue Growth and 60% PAT SurgeBoard Meetinghigh impact
Cruxal's analysis: Indigo Paints Limited has announced robust financial results for the quarter ended June…
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