Market closed · data as of 27 Aug 2026 · source NSE via Alphave. Open the live chart →
Indigo Paints manufactures and sells decorative paints — emulsions, enamels, primers, distempers and putty — and built its franchise by launching differentiated niche products (such as metallic and floor coat emulsions) and building distribution in smaller towns before entering metros, supported by heavy branding. It has also entered waterproofing/construction chemicals via its acquisition of Apple Chemie. Revenue is driven by decorative paint volumes through its dealer and tinting-machine network.
It is a distant number-five decorative paints player in India, far smaller than Asian Paints and Berger, in an industry that has seen new entrants like Birla Opus intensify competition.
Indigo Paints Ltd. is a constituent of NIFTY MICROCAP 250. See where it sits on the market heatmap →
Consolidated annual figures taken from Indigo Paints Ltd.'s own filed statements — not estimates, and not restated by us. The most recent period shown is FY26 (year ended 31 Mar 2026).
| Metric | FY26 | FY25 | FY24 |
|---|---|---|---|
| EPS (basic, ₹) | 30.44 | 29.76 | 30.95 |
| Book value / share (₹) | 241.89 | 216.35 | 189.44 |
| Return on equity | 12.8% | 13.8% | 16.3% |
| Return on capital employed | 15.8% | 15.6% | 18.9% |
| Operating margin | 13.8% | 13.1% | 14.3% |
| Net margin | 10.5% | 10.6% | 11.4% |
| EBITDA | ₹255 Cr | ₹233 Cr | ₹238 Cr |
| Free cash flow | ₹88 Cr | ₹69 Cr | ₹47 Cr |
| Total debt | ₹2 Cr | ₹6 Cr | ₹3 Cr |
| Debt to equity | 0.00 | 0.01 | 0.00 |
| Interest coverage | 66.6 | 50.0 | 87.9 |
| Current ratio | 2.05 | 2.37 | 2.18 |
| Shares outstanding | 4,76,75,700 | 4,76,34,700 | 4,76,21,000 |
Open the full income statement, balance sheet and cash flow for INDIGOPNTS →
As disclosed for the quarter ended 30 Jun 2026.
Institutional ownership changes quarter to quarter. See daily FII and DII flows across the market →
Companies Alphave classifies in the same sub-sector, closest by market capitalisation.