| Sector |
Chemicals
|
Compare with Sector peers |
| Industry |
Paints
|
Compare with Industry peers |
| Website | http://www.indigopaints.com | |
| Market Cap | 7,849.12 Cr. | |
| Enterprise Value(EV) | 7,713.59 Cr. | 2022-03 |
| Financial Indicators | ||
|---|---|---|
| Earnings per share (EPS) | 17.67 | Trailing Twelve Months Ending 2022-03 |
| Price-Earning Ratio (PE) | 93.39 | Trailing Twelve Months Ending 2022-03 |
| Industry PE | 87.87 | Trailing Twelve Months Ending 2022-03 |
| Book Value / Share | 136.61 | Trailing Twelve Months Ending 2022-03 |
| Price to Book Value | 12.08 | Calculated using Price: 1,650.05 |
| Dividend Yield | 0.18 | Period Ending 2021-03 |
| No. of Shares Subscribed | 4.76 Cr. | 47,568,997 Shares |
| FaceValue | 10 | |
| Company Profile | ||
|
Indigo Paints was originally incorporated as ‘Indigo Paints Private Limited’ at Pune, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated March 28, 2000 issued by the Registrar of Companies, Maharashtra at Pune. Subsequently, the company was converted into a public limited company and consequently the name of the company was changed to ‘Indigo Paints Limited’ and a fresh certificate of incorporation dated August 20, 2020 was issued by the Registrar of Companies, Maharashtra at Pune. Indigo Paints is the fastest growing amongst the top five paint companies in India. It is the fifth largest company in the Indian decorative paint industry in terms of its revenue from operations for Fiscal 2020. It has achieved this position in a highly competitive Indian decorative paint industry on the back of its multi-pronged approach. This includes introducing differentiated products to create a distinct market in the paint industry, building brand equity for its primary consumer brand of ‘Indigo’, creating an extensive distribution network across 27 states and seven union territories as of September 30, 2020, and installing tinting machines across its network of dealers. To create demand for its differentiated products, it initially tapped into Tier 3, Tier 4 Cities, and Rural Areas, where brand penetration is easier and dealers have greater ability to influence customer purchase decisions. The company subsequently leveraged this network to engage with dealers in Tier 1 and Tier 2 Cities and Metros as well. It engaged Mr. Mahendra Singh Dhoni, a sportsperson with pan-India appeal, as its brand ambassador, to enhance its brand image amongst end customers. The company concentrated these branding efforts on its differentiated products and then leveraged these efforts to increase distribution and sale of its complete range of decorative paint products. It subsequently introduced tinting machines in its target markets to increase sales of emulsion paints, which require in-shop tinting. Business area of the company The company manufactures a complete range of decorative paints including emulsions, enamels, wood coatings, distempers, primers, putties and cement paints. It also identify potential product needs from customers and introduce differentiated products to meet these requirements, and create a distinct market for its products. For instance, it 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. Awards and Accreditations
Major events and milestones
|
||
Company Profile
Indigo Paints was originally incorporated as ‘Indigo Paints Private Limited’ at Pune, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated March 28, 2000 issued by the Registrar of Companies, Maharashtra at Pune. Subsequently, the company was converted into a public limited company and consequently the name of the company was changed to ‘Indigo Paints Limited’ and a fresh certificate of incorporation dated August 20, 2020 was issued by the Registrar of Companies, Maharashtra at Pune.
Indigo Paints is the fastest growing amongst the top five paint companies in India. It is the fifth largest company in the Indian decorative paint industry in terms of its revenue from operations for Fiscal 2020. It has achieved this position in a highly competitive Indian decorative paint industry on the back of its multi-pronged approach. This includes introducing differentiated products to create a distinct market in the paint industry, building brand equity for its primary consumer brand of ‘Indigo’, creating an extensive distribution network across 27 states and seven union territories as of September 30, 2020, and installing tinting machines across its network of dealers. To create demand for its differentiated products, it initially tapped into Tier 3, Tier 4 Cities, and Rural Areas, where brand penetration is easier and dealers have greater ability to influence customer purchase decisions.
The company subsequently leveraged this network to engage with dealers in Tier 1 and Tier 2 Cities and Metros as well. It engaged Mr. Mahendra Singh Dhoni, a sportsperson with pan-India appeal, as its brand ambassador, to enhance its brand image amongst end customers. The company concentrated these branding efforts on its differentiated products and then leveraged these efforts to increase distribution and sale of its complete range of decorative paint products. It subsequently introduced tinting machines in its target markets to increase sales of emulsion paints, which require in-shop tinting.
Business area of the company
The company manufactures a complete range of decorative paints including emulsions, enamels, wood coatings, distempers, primers, putties and cement paints. It also identify potential product needs from customers and introduce differentiated products to meet these requirements, and create a distinct market for its products. For instance, it 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.
Awards and Accreditations
Major events and milestones
| 1 Day |
|
-3.19% |
| 1 Week |
|
+7.85% |
| 1 Month |
|
+5.48% |
| 3 Month |
|
-8.70% |
| 6 Month |
|
-27.43% |
| 1 Year |
|
-35.75% |
| 2 Year |
|
|
| 5 Year |
|
|
| 10 Year |
|
| 9 years | 2013-03 | 2014-03 | 2015-03 | 2016-03 | 2017-03 | 2018-03 | 2019-03 | 2020-03 | 2021-03 | |
| Return on Equity (%) | 14.94 | 8.33 | -44.39 | -7.69 | -14.02 | 2.61 | 23.67 | 31.42 | 19.14 | |
| Return on Capital Employed (%) | 16.81 | 13.00 | -24.93 | -6.73 | -10.40 | 4.00 | 21.22 | 32.12 | 25.10 | |
| Return on Assets (%) | 2.52 | 1.17 | -14.48 | -4.68 | -7.18 | 0.98 | 8.24 | 12.03 | 11.49 |
| Particulars | 5 years | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2022-03* Rs. Cr. |
| Shh. Funds | 118 | 147 | 197 | 563 | 650 | |
| Non Curr. Liab. | 11 | 38 | 40 | 19 | 26 | |
| Curr. Liab. | 150 | 188 | 185 | 228 | 244 | |
| Minority Int. | ||||||
| Equity & Liab. | 279 | 373 | 422 | 811 | 920 | |
| Non Curr. Assets | 103 | 163 | 211 | 269 | 348 | |
| Curr. Assets | 177 | 210 | 211 | 542 | 572 | |
| Misc. Exp. not W/O | ||||||
| Total Assets | 279 | 373 | 422 | 811 | 920 |
| Particulars | 5 years | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2022-03 Rs. Cr. TTM |
| Net Sales | 411 | 536 | 625 | 723 | 906 | |
| Other Income | 0 | 2 | 2 | 4 | 11 | |
| Total Income | 412 | 537 | 626 | 727 | 917 | |
| Total Expenditure | -387 | -482 | -534 | -601 | -770 | |
| PBIDT | 24 | 56 | 93 | 126 | 147 | |
| Interest | -4 | -5 | -6 | -4 | -1 | |
| Depreciation | -17 | -17 | -20 | -24 | -31 | |
| Taxation | 0 | -7 | -20 | -27 | -30 | |
| Exceptional Items | -1 | 0 | ||||
| PAT | 3 | 27 | 48 | 71 | 84 | |
| Adjusted EPS | 1 | 9 | 16 | 15 | 18 |
| Particulars | 4 years | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. |
| Cash Fr. Operatn. | 27 | 52 | 72 | 121 | |
| Cash Fr. Inv. | -23 | -63 | -61 | -318 | |
| Cash Fr. Finan. | -7 | 19 | -17 | 236 | |
| Net Change | -3 | 7 | -6 | 39 | |
| Cash & Cash Eqvt | 5 | 12 | 6 | 45 |
|
Tue, 24 May 2022
Reporting To Stock Exchanges Regarding Violations Under Securities And Exchange Board Of India (Prohibition Of Insider Trading) Regulations 2015 Relating To The Code Of Conduct This is to inform you that pursuant to SEBI (Prohibition of Insider Trading) Regulations 2015 and Companys Code of Conduct for Prevention of Insider Trading (Code of Conduct) please find enclosed report in Annexure A on violation under Schedule B read with Regulation 9 (1) of SEBI (Prohibition of Insider Trading) Regulations 2015.The matter will be placed before the Audit Committee and the decision of the Audit Committee and action taken by the Company against the said violation shall be intimated separately to the Stock Exchanges.Kindly take the same on record |
|
Mon, 23 May 2022
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome Pursuant to Regulation 30 read with Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 please note that the Audio Link for the Quarter & Financial Year ended March 31 2022 earnings call of the Company conducted through digital means on May 23 2022 at 11:00 Hours (I.S.T) is available on the website of the Company under the following link:https://drive.google.com/drive/folders/lvgnXXni3BPuwTkO5cU9 9 bhfQremQ@Q4LG?usp=sharing |
|
Sat, 21 May 2022
Announcement under Regulation 30 (LODR)-Newspaper Publication Pursuant to Regulation 47 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended please find enclosed copies of the newspaper advertisement pertaining to financial results of the Company for the quarter and Financial Year ended March 31 2022. The advertisements were publishedin the following Newspapers:1. Financial Express in English;2. Loksatta in MarathiThis will also be hosted on Companys website at www.indigopaints.com/investorsYou are requested to take note of the same. |
| Tue, 24 May 2022 |
Higher Delivery Quantity
|
High Increase 1 Month
|
High Decrease 6 Months
|
High Decrease 1 Year
|
William %R Bearish
|
Equities
M.F.
Sectors