Indigo Paints
New Economy · NSE
↓ 20.9% vs fair value
52W Low
₹708
+8.9% from low
52W High
₹1,346
-42.7% from high
Valuation Gauge
Current Price
₹771
Fair Value
₹638
Fair Value Analysis
₹638
Based on earnings growth potential for New Economy sector companies
Growth Valuation
100% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Financially Healthy
Profitability
ROE of 14.2% is acceptable for New Economy sector (benchmark: 15%)
Debt & Leverage
D/E ratio of 0.0x is well within the New Economy sector norm of 0.8x — strong balance sheet
Valuation vs Peers
P/E of 24.1x trades at a 40% discount to New Economy sector median (40x) — attractively valued
Cash Flow
FCF margin of 5.2% — healthy cash generation (₹69 Cr)
Earnings Growth
5yr EPS CAGR of 19.0% is below the New Economy sector average of 20.0%
Dividend
Dividend yield of 0.5% is symbolic — low but positive
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
0.8%
Free cash flow / market cap
Revenue Growth (YoY)
+24.6%
Year-on-year revenue change
Profit Growth (YoY)
+102.3%
Year-on-year PAT change
Operating Cash Flow
₹206 Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹31.9
P/E Ratio
24.1x
P/B Ratio
3.5x
ROE
14.2%
ROCE
17.2%
Debt / Equity
0.02x
Beta
0.31
Div Yield
0.5%
FCF (Cr)
₹69 Cr
Revenue (Cr)
₹1,334 Cr
EPS Growth 5Y
19%
Mkt Cap (Cr)
₹3,660 Cr
52W High
₹1,345.9
52W Low
₹708.1
Book Value/Share
₹220
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹1.4K Cr | ₹247 Cr | 18.0% | ₹146 Cr | ₹30.29 |
| 2025-03-31 | ₹1.3K Cr | ₹233 Cr | 17.0% | ₹142 Cr | ₹29.76 |
| 2024-03-31 | ₹1.3K Cr | ₹238 Cr | 18.0% | ₹149 Cr | ₹30.94 |
| 2023-03-31 | ₹1.1K Cr | ₹182 Cr | 17.0% | ₹132 Cr | ₹27.73 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
New Economy| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
EaseMyTrip | ₹6.7 | ₹14.2 | +53.1% | 11.9 | 11.9% | FAIRLY_VALUED |
Indiamart Intermesh Limited | ₹2,065.2 | ₹4,030.8 | +48.8% | 20.1 | 28.3% | UNDERVALUED |
MapMyIndia (CE Info Systems) | ₹881.7 | ₹1,041.5 | +15.3% | 36.5 | 16.0% | FAIRLY_VALUED |
Zaggle Prepaid Ocean Services | ₹225 | ₹191.8 | -17.3% | 24.3 | 9.8% | FAIRLY_VALUED |
Indigo Paints | ₹770.8 | ₹637.6 | -20.9% | 25.4 | 14.2% | OVERVALUED |
CarTrade Tech | ₹1,745 | ₹909.3 | -91.9% | 42.5 | 9.4% | OVERVALUED |
Info Edge (India) Limited | ₹995 | ₹207.9 | -378.6% | 47.8 | 3.5% | OVERVALUED |
PB Fintech (PolicyBazaar) | ₹1,470 | ₹251.8 | -483.8% | 113.6 | 8.6% | OVERVALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Company Documents
Annual reports, concall transcripts & regulatory filings
Share this Stock
Download card · Share on WhatsApp
Share on WhatsApp, Twitter, or any group — each share brings new users to Veritas Quant
Analyst Note
2d ago
Indigo Paints is fairly valued with ₹770.8 trading 15% above its fair value of ₹637.6, though confidence in this assessment is low. The company shows solid fundamentals with a 17.2% ROCE and strong 5-year earnings growth of 19%, but recent momentum is weak—revenue growth has slowed to 4.7% and earnings growth to just 0.8% over the past year. Sentiment has remained consistently bearish over the last week and month, while the stock trades below both its 50-day and 200-day moving averages. Suited for value-conscious investors willing to wait for better entry points in a fundamentally sound business facing near-term headwinds.
Search Interest
Google Trends · India · Last 90 days
Trend data not yet available — check back soon.
Telegram Channels
ET Markets · CNBC TV18 · Moneycontrol · Zee Business · NDTV Profit
No Telegram mentions found yet for INDIGOPNTS.
What is Dalal Street saying?
r/IndiaInvestments · r/Dalal_Street_Investments · r/IndianStockMarket
No Reddit mentions found yet for INDIGOPNTS.
StockTwits
What traders are saying right now
No StockTwits activity found for INDIGOPNTS.
Markets Rise, But Indigo Paints Ltd Slides to All-Time Low Amid Stock-Specific Sell-Off - Markets Mojo
Markets Rally, But Indigo Paints Ltd Sinks to 52-Week Low in Stock-Specific Sell-Off - Markets Mojo
Markets Rally, But Indigo Paints Ltd Sinks to 52-Week Low in Stock-Specific Sell-Off - Markets Mojo
Markets Rise, But Indigo Paints Ltd Slides to All-Time Low Amid Stock-Specific Sell-Off - Markets Mojo
Indigo Paints Ltd is Rated Sell - Markets Mojo
Indigo Paints Ltd Opens 5.03% Higher Amid Mixed Technical Signals - Markets Mojo
Paint stocks: Asian Paints, Indigo Paints, Berger, Shalimar gain up to 5% - Business Standard
Markets Rally, But Indigo Paints Ltd Sinks to 52-Week Low in Stock-Specific Sell-Off - Markets Mojo
Markets Rise, But Indigo Paints Ltd Slides to All-Time Low Amid Stock-Specific Sell-Off - Markets Mojo
Indigo Paints Ltd Falls to 52-Week Low of Rs 715.25 as Sell-Off Deepens - Markets Mojo
Markets Rally, But Indigo Paints Ltd Sinks to 52-Week Low in Stock-Specific Sell-Off - Markets Mojo
Nifty 50 Just Threw A Massive Clearance Sale — And Here Are The Biggest Discounts - NDTV Profit
Indigo Paints Ltd Falls to 52-Week Low of Rs.804.6 Amidst Market Downturn - Markets Mojo
Indigo Paints Ltd Hits All-Time Low Amid Continued Market Pressure - Markets Mojo
Indigo Paints Ltd Falls to 52-Week Low of Rs.750 Amid Continued Underperformance - Markets Mojo
Indigo Paints Ltd Falls to 52-Week Low of Rs.750 Amidst Continued Underperformance - Markets Mojo
Indigo Paints Ltd is Rated Sell - Markets Mojo
Indigo Paints Ltd Falls to 52-Week Low of Rs.752.05 Amid Continued Underperformance - Markets Mojo
Indigo Paints Ltd Falls to 52-Week Low of Rs.752.35 Amid Continued Underperformance - Markets Mojo
Indigo Paints Ltd Falls to 52-Week Low Amid Continued Underperformance - Markets Mojo
Technical Pulse
Plain English — no jargon
Trading 30.0% below its 200-day average — stock has been in a steep downtrend.
RSI is 39 — oversold territory. Selling pressure is high but may be slowing.
Below both 20-day and 50-day averages — no short-term recovery signal yet.
Overvalued stock in a correction — selling may slow but the stock is still expensive at current prices. Not yet in value territory.