Indigo Paints financials

·Consumer GoodsChart ›
Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹370cr+19.7% on Q1 FY26
Net profit
₹41.7cr+60.0% on Q1 FY26
EBITDA margin
16.8%+2.4 pts on Q1 FY26
EPS
₹8.76+61.0% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue370309+19.7%
EBITDA62.044.3+40.0%
EBITDA margin16.8%14.4%+2.4 pts
Profit before tax56.034.8+61.2%
Net profit41.726.1+60.0%
EPS₹8.76₹5.44+61.0%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹370 crNet profit₹41.7 crNet margin11.3%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
4,829————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
332332263200132
——0.10.1—
1.91.96.43.1—
4,499————
1,4661,4051,3411,3061,073
—+4.8%+2.6%+21.7%—
272255233238182
18.6%18.1%17.4%18.2%16.9%
211195175186147
163148142149132
11.1%10.5%10.6%11.4%12.3%
₹34.24₹30.96₹29.73₹30.90₹27.67
—+4.1%−3.8%+11.7%—
—223206151116
—−135−136−104−199
87.687.669.546.8−83.1
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

INDIGOPNTS₹1,012.90

Indigo Paints Ltd.

· Consumer Goods
₹ CrorePeersASIANPAINTBERGEPAINTKANSAINERIFBINDEUREKAFORBETHOSLTDPCJEWELLERCERAMcap ₹4,829 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————4,829.1
- Cash, Equiv & ST Investments131.8199.6263.2332.0332.0
+ Minority Interest—0.10.1——
+ Total Debt—3.16.41.91.9
Enterprise Value————4,499.0
Revenue1,073.31,306.11,340.71,405.01,465.8
Growth %, YoY—+21.7+2.6+4.8—
EBITDA181.5238.1233.5254.8272.5
Margin %16.9118.2317.4218.1318.59
EBIT147.2186.5175.0194.6211.5
Net Income131.9148.8142.2147.6163.3
Margin %12.2911.3910.6010.5111.14
EPS, Adj (current shares)27.6730.9029.7330.9634.24
Growth %, YoY—+11.7-3.8+4.1—
Cash from Operations116.1151.2205.7222.6—
Capital Expenditures-199.3-104.4-136.2-134.9—
Free Cash Flow-83.146.869.587.687.6
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Indigo Paints financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Indigo Paints (NSE: INDIGOPNTS) had a market capitalisation of ₹4,824 crore at the 29 October 2026 close (₹1,011.80 a share), a PE ratio of 29.7 on the last four quarters' profit and a price-to-book ratio of 4.18. In FY26 its consolidated net profit was ₹148 crore on revenue of ₹1,405 crore; in Q1 FY27 (April–June 2026) it was ₹41.7 crore, up 60.9% year on year. Its debt-to-equity ratio was 0.00 on 31 March 2026. Promoters held 53.81% of the shares on 30 September 2026.

Share price used
₹1,011.80 · 29 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Indigo Paints at a glance · consolidated

Market cap
₹4,824 Crat ₹1,011.80 · 29 Oct close
PE ratio (last 4 quarters)
29.732.7 on FY26 profit
Price to book (PB)
4.18book value ₹241.89 a share
ROE (FY26)
13.5%−1.2 pts vs FY25ROCE 16.5%
Debt to equity
0.00net cash ₹330 Cr
Promoter holding
53.81%−0.1 pts vs 30 Jun 202630 September 2026
Dividend yield
0.49%₹5 a share in 12 months
Net worth
₹1,153 Cr+11.9% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
₹87.6 Cr+26.2% vs FY25

Questions

What is the Indigo Paints PE ratio today?

Indigo Paints' PE ratio is 29.7 at the 29 October 2026 close (₹1,011.80 a share): a market capitalisation of ₹4,824 crore divided by consolidated net profit of ₹162 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹148 crore) it is 32.7.

What is the Indigo Paints debt to equity ratio?

Indigo Paints' debt-to-equity ratio was 0.00 on 31 March 2026: borrowings of ₹1.9 crore against total equity of ₹1,153 crore. A year earlier, on 31 March 2025, it was 0.01.

What is the Indigo Paints net worth?

Indigo Paints' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,153 crore on 31 March 2026, up 11.9% from ₹1,031 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹4,824 crore at the 29 October 2026 close.

What is the Indigo Paints PB ratio (price to book value)?

Indigo Paints' price-to-book (PB) ratio is 4.18 at the 29 October 2026 close: a market capitalisation of ₹4,824 crore divided by shareholders' equity (book value) of ₹1,153 crore on 31 March 2026. That is a book value of ₹241.89 per share against a share price of ₹1,011.80.

What is the Indigo Paints ROE and ROCE?

In FY26, Indigo Paints' return on equity (ROE) was 13.5% and its return on capital employed (ROCE) was 16.5%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 14.7% and ROCE 16.6%.

What is the Indigo Paints book value per share?

Indigo Paints' book value per share was ₹241.89 on 31 March 2026: shareholders' equity of ₹1,153 crore divided by the 4.77 crore shares in issue, up 11.8% from ₹216.35 a year earlier. The share price at the 29 October 2026 close was ₹1,011.80.

What is the Indigo Paints market cap?

Indigo Paints' market capitalisation was ₹4,824 crore at the 29 October 2026 close: 4.77 crore shares at ₹1,011.80 each.

What is the Indigo Paints EPS?

Indigo Paints' basic earnings per share (EPS) were ₹30.44 in FY26, against ₹29.76 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹33.76.

What is the Indigo Paints dividend in 2026 and its record date?

In 2026, Indigo Paints has declared one dividend: ₹5 with record date 4 September 2026.

Is Indigo Paints debt free?

No. Indigo Paints had borrowings of ₹1.9 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.00. Its cash and current investments were ₹332 crore, so it held net cash of ₹330 crore.

What is the Indigo Paints dividend yield?

Indigo Paints' dividend yield is 0.49% at the 29 October 2026 close: dividends of ₹5 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,011.80. They were ₹5 on 4 September 2026.

What is the Indigo Paints promoter holding?

Promoters held 53.81% of Indigo Paints on 30 September 2026, down 0.07 percentage points from 53.88% the previous quarter and down 0.07 percentage points from 53.88% a year earlier, according to the shareholding pattern filed with NSE.

What is the Indigo Paints shareholding pattern?

On 30 September 2026, Indigo Paints' shares were held by promoters 53.81%, foreign portfolio investors (FII/FPI) 5.70%, domestic institutions (DII) 24.89% (including mutual funds at 24.04%) and retail and other non-institutional investors 15.59%. Over the year, FII holding was down 6.10 percentage points from 11.80% and DII holding was up 5.21 percentage points from 19.68%.

How does the Indigo Paints PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, Indigo Paints' PE ratio is 32.7, the third highest of the four: Asian Paints 51.0, Berger Paints India 48.3 and Kansai Nerolac Paints 24.6, a peer average of 41.3. Each is the company's market capitalisation at that price divided by its FY26 net profit.

Indigo Paints vs Asian Paints: how do they compare?

In FY26, Indigo Paints earned net profit of ₹148 crore on revenue of ₹1,405 crore, against ₹4,325 crore on ₹35,584 crore for Asian Paints. Indigo Paints' operating margin was 13.9% (Asian Paints 15.4%) and its return on equity 13.5% (Asian Paints 21.2%). At the 29 October 2026 close, Indigo Paints' market capitalisation was ₹4,824 crore against ₹2,20,808 crore for Asian Paints, and its PE ratio on FY26 profit 32.7 against 51.0.

What is the Indigo Paints free cash flow?

In FY26, Indigo Paints generated ₹223 crore of cash from operations and spent ₹135 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹87.6 crore. In FY25 it was ₹69.5 crore.

What are the Indigo Paints latest quarterly results?

Indigo Paints' latest results are for Q1 FY27 (April–June 2026), filed on 13 August 2026: consolidated net profit ₹41.7 crore, up 60.9% from ₹25.9 crore in Q1 FY26; revenue from operations ₹370 crore, up 19.7% year on year.

What is the Indigo Paints revenue and profit in FY26?

In FY26 (April 2025–March 2026), Indigo Paints' consolidated net profit was ₹148 crore, up 4.1% from ₹142 crore in FY25, on revenue from operations of ₹1,405 crore (up 4.8%). Over three years, from FY23, net profit was up 11.9%.

When are the Indigo Paints next results?

Indigo Paints will announce its Q2 FY27 results (July–September 2026) on Friday, 30 October 2026, the date of the board meeting it has notified to the exchanges.

How does Indigo Paints compare with its peers?

On FY26 consolidated figures, against Asian Paints, Berger Paints India and Kansai Nerolac Paints: Indigo Paints' operating margin of 13.9% is the second highest of the four (Asian Paints 15.4%, Berger Paints India 12.1%, Kansai Nerolac Paints 9.3%; peer average 12.3%); its return on equity of 13.5% is the third highest of the four (Asian Paints 21.2%, Berger Paints India 17.2%, Kansai Nerolac Paints 9.0%; peer average 15.8%); its revenue growth over three years of 9.4% a year is the highest of the four (Asian Paints 1.1% a year, Berger Paints India 4.0% a year, Kansai Nerolac Paints 2.2% a year; peer average 2.4% a year).

Where do these Indigo Paints figures come from?

From Indigo Paints' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.