Indigo Paints Ltd
Incorporated in 2000, Indigo Paints Ltd manufactures and sells decorative paints[1]
- Market Cap ₹ 6,606 Cr.
- Current Price ₹ 1,387
- High / Low ₹ 1,700 / 1,250
- Stock P/E 44.4
- Book Value ₹ 192
- Dividend Yield 0.25 %
- ROCE 23.2 %
- ROE 17.6 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 40.4% CAGR over last 5 years
Cons
- Stock is trading at 7.23 times its book value
- Working capital days have increased from 45.3 days to 84.9 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Paints/Varnish Industry: Paints / Varnishes
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
47 | 64 | 90 | 124 | 289 | 411 | 536 | 625 | 723 | 906 | 1,073 | 1,255 | |
44 | 61 | 97 | 130 | 291 | 387 | 481 | 534 | 601 | 770 | 892 | 1,022 | |
Operating Profit | 3 | 3 | -7 | -6 | -2 | 24 | 54 | 91 | 123 | 136 | 182 | 233 |
OPM % | 6% | 5% | -8% | -4% | -1% | 6% | 10% | 15% | 17% | 15% | 17% | 19% |
0 | 0 | 2 | 1 | 1 | -1 | 1 | 2 | 4 | 11 | 10 | 13 | |
Interest | 1 | 2 | 1 | 0 | 3 | 4 | 5 | 6 | 4 | 1 | 1 | 2 |
Depreciation | 1 | 1 | 1 | 1 | 14 | 17 | 17 | 20 | 24 | 31 | 34 | 46 |
Profit before tax | 1 | 1 | -7 | -6 | -18 | 2 | 34 | 67 | 98 | 114 | 156 | 198 |
Tax % | 32% | 40% | 0% | 0% | 10% | -14% | 20% | 29% | 28% | 26% | 15% | 25% |
1 | 0 | -7 | -6 | -16 | 3 | 27 | 48 | 71 | 84 | 132 | 149 | |
EPS in Rs | 13.19 | 8.19 | -158.03 | -136.43 | -5.55 | 0.90 | 9.32 | 16.48 | 14.89 | 17.67 | 27.73 | 31.22 |
Dividend Payout % | 8% | 12% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 17% | 13% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | 35% |
5 Years: | 19% |
3 Years: | 20% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 83% |
5 Years: | 40% |
3 Years: | 28% |
TTM: | 13% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -18% |
1 Year: | -3% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 18% |
3 Years: | 17% |
Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0 | 0 | 0 | 0 | 29 | 29 | 29 | 29 | 48 | 48 | 48 | 48 |
Reserves | 4 | 4 | 26 | 129 | 69 | 71 | 100 | 150 | 516 | 602 | 729 | 867 |
Preference Capital | 0 | 0 | 1 | 2 | 18 | 18 | 18 | 18 | 0 | 0 | 0 | |
11 | 14 | 3 | 6 | 34 | 36 | 70 | 56 | 9 | 12 | 12 | 17 | |
11 | 16 | 31 | 60 | 115 | 144 | 174 | 187 | 239 | 258 | 274 | 290 | |
Total Liabilities | 26 | 35 | 61 | 196 | 246 | 279 | 373 | 422 | 811 | 920 | 1,062 | 1,222 |
5 | 10 | 12 | 13 | 91 | 95 | 149 | 201 | 249 | 253 | 265 | 579 | |
CWIP | 0 | 0 | 1 | 0 | 2 | 2 | 4 | 1 | 3 | 51 | 251 | 15 |
Investments | 0 | 0 | 1 | 124 | 16 | 15 | 20 | 21 | 50 | 173 | 132 | 158 |
21 | 25 | 46 | 58 | 137 | 167 | 201 | 199 | 509 | 442 | 414 | 471 | |
Total Assets | 26 | 35 | 61 | 196 | 246 | 279 | 373 | 422 | 811 | 920 | 1,062 | 1,222 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 4 | -6 | 11 | -26 | 27 | 50 | 72 | 121 | 65 | 116 | 152 | |
0 | -5 | -10 | -123 | 15 | -23 | -62 | -61 | -318 | -69 | -84 | -143 | |
0 | 2 | 16 | 113 | 8 | -4 | 19 | -17 | 236 | -5 | -20 | -24 | |
Net Cash Flow | 0 | 0 | 1 | 1 | -3 | -0 | 7 | -6 | 39 | -9 | 12 | -15 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 95 | 87 | 105 | 97 | 99 | 92 | 71 | 61 | 61 | 69 | 68 | 59 |
Inventory Days | 101 | 94 | 90 | 89 | 107 | 81 | 85 | 87 | 92 | 84 | 72 | 93 |
Days Payable | 138 | 146 | 212 | 219 | 190 | 170 | 167 | 157 | 180 | 143 | 129 | 123 |
Cash Conversion Cycle | 57 | 34 | -17 | -33 | 16 | 2 | -11 | -9 | -27 | 10 | 11 | 29 |
Working Capital Days | 70 | 45 | 34 | -27 | 41 | 26 | 10 | 10 | 5 | 24 | 27 | 85 |
ROCE % | 17% | 13% | -25% | -7% | -10% | 5% | 21% | 31% | 25% | 19% | 22% |
Documents
Announcements
- Closure of Trading Window 27 Jun
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
28 May - Transcript of Earnings Call dated May 23, 2024
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Announcement under Regulation 30 (LODR)-Resignation of Director
28 May - Of Resignation of executive director of the Company pursuant to Para A (7C) of Part A of Schedule III of the Listing Regulations
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
23 May - Outcome/ Audio recording of earnings call dated May 23, 2024
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Newspaper advertisement pertaining to financial results of the Company for the financial year ended March 31, 2024.
Annual reports
Concalls
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023TranscriptPPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021TranscriptPPT
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May 2021Transcript PPT
Product Portfolio
The product portfolio of the company comprises Emulsions, Enamels, Wood Coatings, Primers, Distempers, Cement, Paints, and Putties. [1]