Indigo Paints Limited

Consumer Durables · Consumer Durables

NSE: INDIGOPNTS BSE: 543258

₹1091.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Consumer Durables

The largest companies in the same industry by market cap. This company ranks #41 of 214. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Titan Company Limited	407,228	76.4	32.3%	34.6%	—	72	26	27
Asian Paints Limited	230,457	49.8	20.0%	2.9%	—	87	0	62
LG Electronics India Limited	116,986	64.1	—	—	—	85	0	87
Dixon Technologies (India) Limited	80,023	63.9	30.5%	-20.4%	—	92	33	30
Havells India Limited	63,760	38.6	17.8%	-31.6%	—	74	13	8
Kalyan Jewellers India Limited	57,126	42.3	21.4%	18.9%	0.45%	66	33	29
Berger Paints (I) Limited	53,106	45.4	16.3%	-14.0%	—	80	0	63
Voltas Limited	35,405	84.7	5.8%	-20.9%	0.37%	62	5	11
Indigo Paints Limited (this stock)	5,201	32.2	12.8%	1.7%	0.46%	80	25	31

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹5,173 Cr

EV / EBITDA

18.8x

EV / Sales

3.73x

Market cap / Sales

3.75x

Earnings yield

3.10%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 360 Cr, up 19.7% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	350	57	42	₹8.8900
March 31, 2026	398	77	57	₹12.0300
Dec. 31, 2025	339	49	36	₹7.5900
Sept. 30, 2025	299	34	26	₹5.3600
June 30, 2025	295	35	26	₹5.5300
March 31, 2025	367	78	57	₹11.9400
Dec. 31, 2024	327	46	36	₹7.6600
Sept. 30, 2024	289	33	24	₹5.0600
June 30, 2024	294	35	26	₹5.5600
March 31, 2024	366	72	54	₹11.2400
Dec. 31, 2023	341	50	38	₹7.9200
Sept. 30, 2023	270	34	26	₹5.4900
June 30, 2023	277	42	31	₹6.5800

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	360	398	342	301	301	373	330	293	298	370	344	273	281
Operating revenue	350	398	339	299	295	367	327	289	294	366	341	270	277
Other income	10	0	4	3	6	6	3	5	4	4	3	3	4
Operating expenses	288	306	273	253	251	281	270	246	248	284	280	229	229
Operating profit	62	92	66	46	44	86	57	43	46	82	61	42	48
Operating profit margin	17.7%	23.0%	19.4%	15.3%	14.8%	23.4%	17.5%	14.8%	15.6%	22.5%	17.8%	15.4%	17.2%
Depreciation	14	14	14	14	14	12	14	14	14	14	13	10	9
Interest	1	1	0	1	1	1	0	1	1	0	0	0	0
Exceptional items, gain / (loss)	—	—	-6	—	—	—	—	—	—	—	—	—	—
Profit before tax	57	77	49	34	35	78	46	33	35	72	50	34	42
Tax	15	20	13	9	9	21	9	9	9	18	12	8	11
Net profit	42	57	—	26	—	57	36	24	26	54	38	26	31
EPS	8.89	12.03	7.59	5.36	5.53	11.94	7.66	5.06	5.56	11.24	7.92	5.49	6.58
Net profit (TTM)	—	—	—	—	—	144	141	142	144	149	—	—	—
EPS (TTM)	33.87	30.51	30.42	30.49	30.19	30.22	29.52	29.78	30.21	31.23	30.22	30.09	28.79

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	1,330	198	148
March 31, 2025	1,277	192	144
March 31, 2024	1,255	198	149
March 31, 2023	1,073	156	132

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22
Total income (before exceptional items)	—	—	1,342^†	1,295^†	1,268^†	—	917^†
Operating revenue	7.4%	—	1,330	1,277	1,255	1,073	906^†
Other income	—	—	12^†	17^†	13^†	—	11^†
Operating expenses	—	—	1,083^†	1,046^†	1,022^†	—	770^†
Operating profit	—	—	247^†	232^†	233^†	—	136^†
Operating profit margin	—	—	18.5%^†	18.1%^†	18.5%^†	—	15.0%^†
Depreciation	—	—	55^†	54^†	46^†	—	31^†
Interest	—	—	2^†	3^†	2^†	—	1^†
Exceptional items, gain / (loss)	—	—	-6^†	0^†	0^†	—	0^†
Profit before tax	8.4%	—	198	192	198	156	114^†
Tax	—	—	50^†	48^†	50^†	—	30^†
Net profit	3.8%	—	148	144	149	132	84^†
EPS	—	—	30.51^†	30.22^†	31.23^†	—	17.67^†

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22
Operating margin	18.5%^†	18.1%^†	18.5%^†	—	15.0%^†
EBIT margin	15.1%^†	15.3%^†	15.9%^†	—	12.8%^†
PBT margin	14.9%	15.1%	15.8%	14.5%	12.6%^†
Net margin	11.1%	11.3%	11.8%	12.3%	9.3%^†
Interest coverage	84.02x^†	65.95x^†	125.70x^†	—	86.91x^†
Dividend payout	11.5%^†	11.6%^†	11.2%^†	—	0.0%^†
Earnings retention	88.5%^†	88.4%^†	88.8%^†	—	100.0%^†
Current ratio	2.23x	2.40x	—	—	—
Quick ratio	1.72x	1.84x	—	—	—
Debt to equity	—	0.00x	—	—	—
Return on equity	—	13.7%	—	—	—
Return on assets	9.4%	10.6%	—	—	—
Return on capital employed	16.4%^†	17.9%^†	—	—	—
Asset turnover	0.85x	0.94x	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	211	-194	-26	133	79
March 31, 2025	205	-175	-25	133	72
March 31, 2024	152	-143	-24	102	51
March 31, 2023	116	-84	-20	199	-83
March 31, 2022	65	-69	-5	121	-56

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	1,570	—	—	0	0	763	343	29	459	173
March 31, 2025	1,358	1,048	1,001	0	0	646	269	37	433	149
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.