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Indigo Paints Ltd Performance

Today's Low
1,323.20
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Today's High
1,348.00
52 Wk Low
1,057.50
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52 Wk High
1,679.95


Open

1348

Traded Value (Cr)

28.43 L

Prev. Close

1321.2

VWAP

1328.55

Volume

96,098

Face Value

10

Indigo Paints Ltd Fundamentals

Market Cap
₹ 6,375 Cr
P/E Ratio (TTM)
44.79
P/B Ratio
7.79
Debt to Equity
0.02
ROE
16.05 %
EPS (TTM)
29.89
Dividend Yield
0.26%
Book Value
171.79

Click here to know more about Fundamentals

Indigo Paints Ltd Financials

Indigo Paints Ltd Financials

Indigo Paints Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 53.94 % 53.95 % 53.98 % 53.98 %
Others 27.41 % 27.94 % 28.76 % 28.97 %
Retail 9.31 % 8.74 % 7.83 % 7.71 %
FII 8.78 % 8.75 % 8.90 % 8.80 %
Mutual Funds 0.57 % 0.62 % 0.54 % 0.54 %

Promoters

53.94%

Others

27.41%

Retail

9.31%

FII

8.78%

Mutual Funds

0.57%

Promoters

53.95%

Others

27.94%

Retail

8.74%

FII

8.75%

Mutual Funds

0.62%

Promoters

53.98%

Others

28.76%

Retail

7.83%

FII

8.90%

Mutual Funds

0.54%

Promoters

53.98%

Others

28.97%

Retail

7.71%

FII

8.80%

Mutual Funds

0.54%

Resistance and Support

₹1,321.53

PIVOT

resistance-arrow
Resistance
First Resistance₹1,341.917
Second Resistance₹1,354.333
Third Resistance₹1,374.717
support-arrow
Support
First Resistance₹1,309.117
Second Resistance₹1,288.733
Third Resistance₹1,276.317
RSI50.000
MACD23.238
ADX30.190
CCI-28.628

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day96,09873,91776.92
Week59,62954,19877.29
1 Month57,96135,60059.88
6 Months68,53568,535100.00

About Indigo Paints Ltd

Indigo Paints Limited was originally incorporated as Private Limited Company with the name Indigo Paints Private Limited' at Pune, Maharashtra on March 28, 2000. Subsequently, the Company was converted into a Public Limited Company and consequently, name of the Company was changed to Indigo Paints Limited' on August 20, 2020. The Company is engaged in manufacture and sale of decorative paints. Indigo Paints, founded in the year 2000, stands as a prominent paint company in India, recognised for its progressive and distinct product strategy. With its headquarters situated in Pune, Maharashtra, the Company commenced its operations as a modest producer of economical cement paints. However, over time, it underwent a transformation, expanding its portfolio to encompass a diverse assortment of decorative paints. Additionally, it operates three manufacturing facilities strategically located in Jodhpur (Rajasthan), Kochi (Kerala) and Pudukkottai (Tamil Nadu). It has an active dealership network of 16,496 and presently has 3 manufacturing units, spread across 28 states. The Company manufactures complete range of decorative paints including Emulsions, Enamels, Wood Coatings, Distemper, Primers, Putties and Cement Paints. The Company identify potential product needs from customers and introduce differentiated products to meet these requirements, and create a distinct market for its products. For instance, the company is the first company to manufacture and introduce certain differentiated products in the decorative paint market in India, which includes its Metallic Emulsions, Tile Coat Emulsions, Bright Ceiling Coat Emulsions, Floor Coat Emulsions, Dirtproof & Waterproof Exterior Laminate, Exterior and Interior Acrylic Laminate, and PU Super Gloss Enamel (together, 'Indigo Differentiated Products'). These products are differentiated based on the end-use they cater to, as well as added properties that they possess. As the first company in India to develop these products, the company has had an early mover advantage in the markets it is present in, which has allowed it to realize relatively higher margins for these products compared to the rest of its product portfolio. During year 2021, 8 new depots were opened in different parts of the country and over 2,000 net active dealers were added to strengthen product reach. It also added over 1,100 tinting machines, a special equipment to mix and match colours and produce the consumer's desired shade, across the dealer stores. In FY'21, the Company doubled the production capacity for powder paints such as putties, with the expansion of its existing plant in Jodhpur in FY21. As of March 31, 2021, Indigo had installed 5,472 tinting machines across India. It raised Rs. 1,170 Crore through maiden public issue which got listed on February 2, 2021 on the Stock Exchange. As on March 31, 2022, the Company had 7,101 tinting machines in its dealer network, with a Tinting Machine penetration ration of 43%. It had raised Rs. 1,170 Crore through IPO during FY 2020-21. Out of the proceeds, Company received Rs. 28,711.21 lakh for funding capital expenditure for expansion of existing manufacturing facility at Pudukkottai, Tamil Nadu by setting up an additional unit adjacent to the existing facility; purchase of tinting machines and gyroshakers and repayment of part borrowings. During the year 2021-22, the Company has increased number of active dealers to 15,787. Additionally, it also increased the population of tinting machines to 7,101 in FY 2022. It opened an additional depot in Karnataka and opened a depot each in Delhi & Himachal Pradesh. The Company acquired 51% Equity shares in the subsidiary company Apple Chemie India Private Limited on April 03, 2023. It launched 23 products during FY 2022-23.

Managing Director

Hemant Jalan

Founded

2000

NSE Symbol

INDIGOPNTS

Indigo Paints Ltd Management

NameDesignation
Hemant JalanChairman & Managing Director
Anita JalanExecutive Director
Praveen TripathiIndependent Director
SUNIL BADRIPRASAD GOYALIndependent Director
Narayanan Kutty Kottiedath VenugopalExecutive Director
Sakshi ChopraNominee
Ravi NigamIndependent Director
DAYEETA SHRINIVAS GOKHALECompany Sec. & Compli. Officer
Ashwini DeshpandeIndependent Director

Indigo Paints Ltd News

Indigo Paints Q3 PAT climbs 43% YoY to Rs 37 cr
Indigo Paints reported 43% jump in consolidated net profit to Rs 37.55 crore in Q3 FY24 as compared with Rs 26.26 crore in Q3 FY23.
Indigo Paints standalone net profit rises 43.56% in the December 2023 quarter
Sales rise 21.32% to Rs 341.25 crore
Indigo Paints announces board meeting date
On 9 February 2024
Indigo Paints allots 12,965 equity shares under ESOS
Indigo Paints tumbles after Q2 PAT drops 32% YoY to Rs 25 cr
Indigo Paints slipped 3.10% to Rs 1419.10 after the company's consolidated net profit declined 31.66% to Rs 25.34 crore in Q2 FY24 from Rs 37.08 crore posted in Q2 FY23.
Indigo Paints Q2 PAT drops 32% YoY to Rs 25 cr
Indigo Paints reported a consolidated net profit declined 31.66% to Rs 25.34 crore in Q2 FY24 from Rs 37.08 crore posted in Q2 FY23.
Indigo Paints standalone net profit declines 29.52% in the September 2023 quarter
Sales rise 11.48% to Rs 270.46 crore
Indigo Paints' new water based paint plant set up underway
Volumes jump at Indigo Paints Ltd counter
Indigo Paints Ltd witnessed volume of 2.28 lakh shares by 14:14 IST on NSE, a 7.74 times surge over two-week average daily volume of 29413 shares
Indigo Paints to convene board meeting
On 3 November 2023

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Indigo Paints Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Indigo Paints Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Indigo Paints Ltd's share price is ₹1,331.75 as of April 18, 2024

Indigo Paints Ltd's P/E ratio is 44.79 times as of April 18, 2024.

Indigo Paints Ltd's most recent financial reports indicate a price-to-book ratio of 7.79, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Indigo Paints Ltd's market is 6,375 Cr as on April 18, 2024.

The current financial records of Indigo Paints Ltd show a 16.05% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Indigo Paints Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Indigo Paints Ltd's 52-week high and low as of April 18, 2024 are ₹1348 and ₹1323.2 respectively.

As of the Dec 2023 quarter, the promoter shareholding in Indigo Paints Ltd stands at 53.94%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 8.75% to 8.78%.