Indigo Paints Ltd

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INDIGOPNTS •
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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
52W Low on Mar 28, 2024
10.7
TTM PE Ratio
Below industry Median
46.5
Price to Book Ratio
High in industry
7.6
Dividend yield 1yr %
Low in industry
0.2
TTM PEG Ratio
PEG TTM is much higher than 1
3.7
RSI
RSI is mid-range
54.8
MFI
MFI strongly Overbought
81

Indigo Paints Ltd Key Financials

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*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

*All values are in ₹ Cr.

Indigo Paints Ltd shareholding Pattern

Promoter
53.9%
Foreign Institutions
8.3%
Mutual Funds
0.3%
Domestic Institutions
1.1%
Public
36.7%
Promoter
53.9%
Foreign Institutions
7.7%
Mutual Funds
0.8%
Domestic Institutions
2%
Public
36.4%
Promoter
53.9%
Foreign Institutions
8.8%
Mutual Funds
0.6%
Domestic Institutions
1.8%
Public
35.5%
Promoter
54%
Foreign Institutions
8.8%
Mutual Funds
0.6%
Domestic Institutions
2.3%
Public
35%
Promoter
54%
Foreign Institutions
8.9%
Mutual Funds
0.5%
Domestic Institutions
2.9%
Public
34.2%
Promoter
54%
Foreign Institutions
8.8%
Mutual Funds
0.5%
Domestic Institutions
3.2%
Public
34%

Indigo Paints Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
11
Bearish Moving Averages
5
5Day EMA
1,479.40
10Day EMA
1,468.10
12Day EMA
1,461.80
20Day EMA
1,440.30
26Day EMA
1,428.90
50Day EMA
1,405.00
100Day EMA
1,398.30
200Day EMA
1,406.60
5Day SMA
1,490.30
10Day SMA
1,472.50
20Day SMA
1,425.10
30Day SMA
1,405.70
50Day SMA
1,390.50
100Day SMA
1,373.00
150Day SMA
1,404.70
200Day SMA
1,421.10
Delivery & Volume
Resistance & Support
1,463.73
Pivot
Resistance
First Resistance
1,477.47
Second Resistance
1,502.13
Third Resistance
1,515.87
Support
First Support
1,439.07
Second support
1,425.33
Third Support
1,400.67
Relative Strength Index
54.81
Money Flow Index
81
MACD
32.89
MACD Signal
27.55
Average True Range
42.25
Average Directional Index
22.15
Rate of Change (21)
6.52
Rate of Change (125)
-3.20
Peer comparison
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Company
Market Price
Market Cap
52W Low
52W High
Responsive Industries Ltd.
7359.73
183.7
364.8
Somany Ceramics Ltd.
3047.8
562.2
872
Greenlam Industries Ltd.
7167.1
388.8
661.65
Sheela Foam Ltd.
10860.49
856.05
1297.35
Sirca Paints India Ltd.
1959.14
283.5
443.9
Stanley Lifestyles Ltd.
3177.28
470.25
627.3

Indigo Paints Ltd Company background

Founded in: 2000
Managing director: Hemant Jalan
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 enduse 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 consumers desired shade, across the dealer stores. In FY21, 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 202021. 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 202122, 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 202223.
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Indigo Paints Ltd FAQs

The past 1-year return of Indigo Paints Ltd [INDIGOPNTS] share was -2.42. The Indigo Paints Ltd [INDIGOPNTS] share hit a 1-year low of Rs. 1253.15 and a 1-year high of Rs. 1700.

The Mutual Fund Shareholding was 0.31% at the end of .

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