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Indigo Paints Ltd (INDIGOPNTS) AI Stock Analysis
Indigo Paints Ltd
(NSE:INDIGOPNTS)
The stock earns a solid score primarily due to a very strong balance sheet, consistent profitability, and resilient cash generation that together provide a robust financial cushion. Supportive technicals, with the price above key moving averages and moderate positive momentum indicators, reinforce the case without indicating an overheated trend. A relatively rich valuation with a mid-30s P/E and low dividend yield tempers the upside, keeping the overall score below the top tier despite the company’s financial strength.
Indigo Paints Ltd (INDIGOPNTS) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 50.27B
- Dividend Yield
- 0.57%
- Average Volume (3M)
- 12.82K
- Price to Earnings (P/E)
- 25.8
- Beta (1Y)
- 1.23
- Revenue Growth
- 11.95%
- EPS Growth
- 3.49%
- Country
- India
- Employees
- 1,188
- Sector
- General
- Sector Strength
- 55
- Industry
- Chemicals - Specialty
Indigo Paints Ltd Business Overview & Revenue Model
Company Description
Indigo Paints Limited specializes in the development, manufacturing, and distribution of decorative paint products. The company serves a broad customer base, both within India and across international markets. Its comprehensive product line features...
Indigo Paints Ltd Financial Statement Overview
Summary
Strong financial profile with very low leverage, steadily expanding equity, and healthy double-digit margins, offset by slower ~4% revenue growth, some margin compression from prior peaks, and cash generation that still trails reported earnings.
Income Statement
78PositiveBalance Sheet
88Very PositiveCash Flow
72Positive| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.66B | 14.05B | 13.41B | 13.00B | 10.73B | 9.01B |
| Gross Profit | 4.83B | 4.66B | 4.45B | 6.11B | 3.52B | 3.86B |
| EBITDA | 2.75B | 2.62B | 2.52B | 2.52B | 1.90B | 1.46B |
| Net Income | 1.61B | 1.45B | 1.42B | 1.47B | 1.32B | 840.48M |
Balance Sheet | ||||||
| Total Assets | 0 | 16.29B | 14.10B | 12.70B | 10.62B | 9.20B |
| Cash, Cash Equivalents and Short-Term Investments | 3.32B | 3.32B | 2.63B | 2.00B | 1.81B | 1.88B |
| Total Debt | 0 | 211.31M | 272.70M | 210.29M | 118.55M | 124.36M |
| Total Liabilities | -11.54B | 4.75B | 3.80B | 3.68B | 2.85B | 2.70B |
| Stockholders Equity | 11.54B | 11.54B | 10.31B | 9.02B | 7.76B | 6.50B |
Cash Flow | ||||||
| Free Cash Flow | 91.54M | 852.00M | 664.82M | 466.42M | -831.44M | -555.92M |
| Operating Cash Flow | 818.94M | 2.20B | 2.03B | 1.51B | 1.16B | 651.91M |
| Investing Cash Flow | -869.56M | -1.96B | -1.78B | -1.52B | -844.05M | -691.64M |
| Financing Cash Flow | -229.59M | -290.04M | -207.02M | -232.36M | -200.62M | -52.93M |
Indigo Paints Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:INDIGOPNTS, the sentiment is Negative. The current price of 869.70 is below the 20-day moving average (MA) of 1018.11, below the 50-day MA of 1083.29, and below the 200-day MA of 1001.55, indicating a bearish trend. The MACD of -32.19 indicates Positive momentum. The RSI at 20.43 is Positive, neither overbought nor oversold. The STOCH value of 16.02 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:INDIGOPNTS.
Indigo Paints Ltd Peers Comparison
Overall Rating
- IN:INDIGOPNTS77.3Outperform
IN:KANSAINER65.6Neutral
IN:ASIANPAINT64Neutral
IN:AKZOINDIA62Neutral
IN:BERGEPAINT59Neutral
IN:SHALPAINTS46Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:INDIGOPNTS | 77Outperform | INR 47.64B | 25.77 | ― | 0.57% | 11.95% | 3.49% |
| IN:KANSAINER | 66Neutral | INR 142.72B | 24.24 | ― | 1.39% | 5.24% | -47.04% |
| IN:ASIANPAINT | 64Neutral | INR 2.22T | 46.44 | ― | 1.17% | 12.37% | 24.22% |
| IN:AKZOINDIA | 62Neutral | INR 120.04B | 6.74 | ― | 9.70% | -11.34% | 383.49% |
| IN:BERGEPAINT | 59Neutral | INR 542.25B | 44.88 | ― | 0.85% | 5.22% | 6.57% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:SHALPAINTS | 46Neutral | INR 6.66B | -9.79 | ― | ― | -10.48% | 0.50% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:INDIGOPNTS | Indigo Paints Ltd | 869.70 | -122.89 | -12.38% | |
| IN:AKZOINDIA | Akzo Nobel India Limited | 261.65 | -57.47 | -18.01% | |
| IN:ASIANPAINT | Asian Paints Ltd. | 2348.00 | -113.37 | -4.61% | |
| IN:BERGEPAINT | Berger Paints India Limited | 468.70 | -64.77 | -12.14% | |
| IN:KANSAINER | Kansai Nerolac Paints Limited | 179.85 | -65.77 | -26.78% | |
| IN:SHALPAINTS | Shalimar Paints Ltd | 81.25 | 4.10 | 5.31% |
Indigo Paints Ltd Corporate Events
Indigo Paints publishes September-quarter unaudited results in newspapers
Indigo Paints Limited has notified the stock exchanges that it has published newspaper advertisements of its unaudited financial results for the quarter and half year ended 30 September 2026. In line with SEBI disclosure regulations, the results have...
Indigo Paints Releases Voting Results for 26th AGM Held via Video Conferencing
Indigo Paints Limited has reported the voting results and scrutinizer’s consolidated report for its 26th Annual General Meeting, held on September 12, 2026 via video conferencing and other audio-visual means. Four resolutions were passed at the...
Indigo Paints Holds 26th AGM via Video Conferencing, Highlights Performance and Outlook
Indigo Paints Ltd held its 26th Annual General Meeting on September 12, 2026, via video conferencing in line with guidelines from the Ministry of Corporate Affairs and SEBI. The meeting was chaired by Managing Director Hemant Kamala Jalan, with direc...
Indigo Paints Publishes June-Quarter Results in Newspapers
Indigo Paints Ltd has published its financial results for the quarter ended June 30, 2026 through newspaper advertisements, as required under Securities and Exchange Board of India listing regulations. The results notice appeared in the Financial Exp...
Indigo Paints posts earnings call recording for June quarter
Indigo Paints Ltd has notified the stock exchanges that the audio recording of its earnings conference call for the quarter ended June 30, 2026, is now available via a digital link on the company’s website. The call, held on August 14, 2026, pr...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 26, 2026