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Indigo Paints Ltd.
NSE: INDIGOPNTS | BSE: 543258

Indigo Paints Live Share Price Today, Share Analysis and Chart

Mid-range Performer
aboutIndigo Paints Limited is an Indian decorative paint manufacturer that has established itself as a significant player through a differentiated strategy focusing on niche, category-creator products. Since its founding in 2000, the company has transitio... Read More
Volume GrowthCrude/Titanium Dioxide
Ask AI about Indigo Paints
997.30-14.50(-1.43%)

25.90% Fall from 52W High

23,242
NSE+BSE Volume

NSE 30 Oct, 2026 3:31 PM (IST)

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My Notes

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52.7 / 100
Mid-range PerformerThese stocks have average quality, financial and technical momentum, indicating a mid range performerView SimilarEmbed DVM
Analyst Price Target
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10

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13

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4

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SWOT Analysis

Check Before You Buy

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Medium rank

11Positive12Negative

47.8%Pass in checklist

045
55
100

Check P/E Buy Sell Zone

Strong Buy Zone

15.0 %    into P/E buy sell zone

% time spent below current P/E
020406080100
Strong upside potential
Gains already realized

Indigo Paints Stock Price Analysis

Day Price Range

-1.4% 1 Day return
997.3 (LTP)
9901,016
LowHigh

Week Price Range

-1.6% 1 Week return
997.3 (LTP)
9901,037.4
LowHigh

Month Price Range

-8.6% 1 Month return
997.3 (LTP)
9881,086.1
LowHigh

52 Week Price Range

-0.3% 1 Year return
997.3 (LTP)
7081,345.9
LowHigh
View full Price History/Seasonality

Indigo Paints Forecaster - Analyst Share Price Target and Estimates

Revenue forecast

Miss

Indigo Paints's Revenue was lower than average estimate 2 times in past 3 years

EPS forecast

CURRENT EPS
30.3
AVG. ESTIMATE
39.2
LOW ESTIMATE
36.7
HIGH ESTIMATE
41.7
CURRENT EPS
AVG. ESTIMATE
Hit

EPS is expected to grow by 29.0% in FY27

Consensus Recommendation

8 ANALYST Recommendations
BUY

The consensus recommendation from 8 analysts for Indigo Paints is BUY

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Indigo Paints Technical Analysis

Indigo Paints EMA & SMA

Bearish-8
0 bullish, 8 bearish
Bullish0
Bearish8
5 Day1010.3
10 Day1017.6
12 Day1020.6
20 Day1033.8
26 Day1042.8
50 Day1061.9
100 Day1058.6
200 Day1054.0

Indigo Paints Delivery And Volume

Daily Avg. Delivery Volume %
30 Oct, 202642.9%
Week55.2%
Month54.7%
Legend
Positive IndicatorNeutral IndicatorNegative Indicator

Indigo Paints Resistance and Support

1001.10
Pivot
First Resistance1012.2
Second Resistance1027.1
Third Resistance1038.2
First Support986.2
Second Support975.1
Third Support960.2
Day RSI35.3
Day MACD-22.2
Day MFI56.4
Day MACD Signal Line-22.6

Indigo Paints Beta

1 Month0.7
1 Year1.2
3 Month0.6
3 Year0.8

Indigo Paints Price Change Analysis

↓-8.6%
Over 1 Month
LowHigh
9881086.1
↓-10.3%
Over 3 Months
LowHigh
9881220.9
↑15.9%
Over 6 Months
LowHigh
840.71220.9
↓-0.3%
Over 1 Year
LowHigh
708.11345.9
All Technicals →

Indigo Paints Shareholding Pattern/ Ownership

Shareholding Summary

Sep 2026
 
NameCategorySharesShares %
Hemant Kamala JalanPromoter8,567,50018.0 %
Ashoka Whiteoak Icav - Ashoka Whiteoak India Opportunities FundFii678,0001.4 %
Hdfc Small Cap FundDii3,887,3998.1 %

HISTORICAL PROMOTER HOLDING

HISTORICAL FII HOLDING

HISTORICAL MF HOLDING

All Shareholding details

Indigo Paints Deals - Insider, Bulk, Block and SAST

Client NameDeal TypeActionDateAvg. PriceQuantityExchange
HDFC MUTUAL FUNDBulkPurchase14 Aug 20261173.26580,947NSE
PEAK XV PARTNERS INVESTMENTS IVBlockSell30 May 20251046.45728,175NSE
PEAK XV PARTNERS INVESTMENTS VBlockSell30 May 20251046.45785,460NSE
KOTAK MAHINDRA MUTUAL FUNDBlockPurchase30 May 20251046.451,513,635NSE
PEAK XV PARTNERS INVESTMENTS IVBulkSell30 May 20251046.45728,175NSE
PEAK XV PARTNERS INVESTMENTS VBulkSell30 May 20251046.45785,460NSE
KOTAK MAHINDRA MUTUAL FUNDBulkPurchase30 May 20251046.451,513,635NSE
PELICAN PORTFOLIO SERVICES PRIVATE LIMITEDBulkSell06 Sep 20241485.52213,839NSE
MANSI SHARE AND STOCK ADVISORS PVT LTDBulkSell06 Sep 20241482.79786,448NSE
F3 ADVISORS PRIVATE LIMITEDBulkSell06 Sep 20241481.90396,359NSE
All deals
All insider trades

Indigo Paints Corporate Actions

Indigo Paints Dividend history and yield

Indigo Paints dividend yields, including actual and adjusted, and dividend history, including announcement, record, and ex-dividend dates. Track Indigo Paints dividend yield over time.

#Ex-Date
Dividend AmountDividend TypeRecord DateInstrument Type
104 Sep 2026
5FINAL04 Sep 2026Equity Share
222 Aug 2025
3.5FINAL22 Aug 2025Equity Share
302 Aug 2024
3.5FINAL-Equity Share
428 Jul 2023
3.5FINAL-Equity Share
525 Aug 2022
3FINAL-Equity Share

Indigo Paints Board Meetings

Indigo Paints past and upcoming board meetings.

#Ex-Date
PurposeNotes
130 Oct 2026
Quarterly Results-
213 Aug 2026
Quarterly Results-
322 May 2026
Audited Results & Final Dividend-
413 Feb 2026
Quarterly Results-
506 Nov 2025
Quarterly Results-
All Corporate Actions

Indigo Paints Research Reports

Indigo Paints research reports with share price targets, and buy/hold/sell recommendations from top brokers.

#
Date
Broker NameTargetPrice When RecommendedTypeUpsideChange Since RecommendationLinks
113 Aug 2026ICICI Securities Limited
Target
13001148.7Buy13.17%-13.18%pdf
213 Aug 2026Motilal Oswal
Target
14501148.7Buy26.23%-13.18%pdf
315 Feb 2026Motilal Oswal1400987.4Buy41.79%1%pdf
414 Feb 2026ICICI Securities Limited
Reco
1200973.1Buy23.32%2.49%pdf
507 Nov 2025Motilal Oswal14001004.1Buy39.43%-0.68%pdf
All Reports of Indigo

Indigo Paints Corporate Filings

Indigo Paints BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.

DateAnnouncement TitleDetailsLinks
31 Oct 2026
Indigo Paints Ltd - 543258 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication
PDF
30 Oct 2026
Indigo Paints Ltd - 543258 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation for the Investor/Analyst on Unaudited Financial Results for the quarter and half-year ended September 30, 2026.
PDF
30 Oct 2026
Q2FY27 Quarterly Result Announced for Indigo Paints Ltd.
Paints company Indigo Paints announced Q2FY27 results Standalone Financial Highlights: Revenue from Operations: For Q2FY27, the standalone revenue from operations was Rs 34,048.45 lakh, falling 2.73% QoQ from Rs 35,004.54 lakh in Q1FY27, but increasing 14.06% YoY from Rs 29,850.18 lakh in Q2FY26. For H1FY27, standalone revenue from operations reached Rs 69,052.99 lakh, representing a YoY growth of 16.38% over Rs 59,335.40 lakh in H1FY26. Total Income: For Q2FY27, standalone total income stood at Rs 34,247.79 lakh, down 4.84% QoQ against Rs 35,989.79 lakh in Q1FY27, but up 13.69% YoY from Rs 30,123.83 lakh in Q2FY26. For H1FY27, standalone total income gathered Rs 70,237.58 lakh, showing a YoY expansion of 16.71% against Rs 60,181.37 lakh in H1FY26. Profit Before Tax (PBT): For Q2FY27, standalone PBT stood at Rs 1,723.36 lakh, contracting 69.73% QoQ from Rs 5,692.93 lakh in Q1FY27, and decreasing 49.52% YoY from Rs 3,413.64 lakh in Q2FY26. For H1FY27, standalone PBT reached Rs 7,416.29 lakh, demonstrating a YoY growth of 7.00% against Rs 6,931.21 lakh in H1FY26. Profit After Tax (PAT): For Q2FY27, standalone PAT arrived at Rs 1,380.80 lakh, decreasing 67.41% QoQ compared to Rs 4,236.53 lakh in Q1FY27, and decreasing 45.92% YoY compared to Rs 2,553.31 lakh in Q2FY26. For H1FY27, standalone PAT stood at Rs 5,617.33 lakh, registering a YoY increase of 8.25% over Rs 5,189.04 lakh in H1FY26. Earnings Per Share (EPS): For Q2FY27, standalone basic and diluted EPS was Rs 2.90, decreasing 67.38% QoQ from Rs 8.89 in Q1FY27 (diluted was Rs 8.85), and dropping 45.90% YoY from Rs 5.36 in Q2FY26. For H1FY27, standalone basic EPS was Rs 11.79 (diluted was Rs 11.75), up 8.26% YoY from basic EPS of Rs 10.89 in H1FY26. Consolidated Financial Highlights: Revenue from Operations: For Q2FY27, consolidated revenue from operations came in at Rs 35,875.05 lakh, which is a QoQ drop of 2.95% from Rs 36,967.08 lakh in Q1FY27, but a YoY jump of 14.96% from Rs 31,205.91 lakh in Q2FY26. For H1FY27, consolidated revenue from operations recorded Rs 72,842.13 lakh, matching a YoY improvement of 17.31% over Rs 62,092.30 lakh in H1FY26. Total Income: For Q2FY27, consolidated total income stood at Rs 36,092.36 lakh, translating into a QoQ fall of 4.99% from Rs 37,986.21 lakh in Q1FY27, but a YoY step-up of 14.56% from Rs 31,505.39 lakh in Q2FY26. For H1FY27, consolidated total income grew to Rs 74,078.57 lakh, representing a YoY expansion of 17.61% against Rs 62,987.29 lakh in H1FY26. Profit Before Tax (PBT): For Q2FY27, consolidated PBT arrived at Rs 1,665.63 lakh, matching a QoQ reduction of 70.27% against Rs 5,603.21 lakh in Q1FY27, and a YoY drop of 50.67% against Rs 3,376.57 lakh in Q2FY26. For H1FY27, consolidated PBT reached Rs 7,268.84 lakh, demonstrating a YoY increase of 6.08% over Rs 6,851.99 lakh in H1FY26. Profit After Tax (PAT): For Q2FY27, consolidated PAT was Rs 1,339.37 lakh, contracting by 67.88% QoQ from Rs 4,170.32 lakh in Q1FY27, and decreasing by 46.95% YoY from Rs 2,524.96 lakh in Q2FY26. For H1FY27, consolidated PAT reached Rs 5,509.69 lakh, changing by 7.39% YoY above Rs 5,130.73 lakh in H1FY26. Earnings Per Share (EPS): For Q2FY27, consolidated basic and diluted EPS was Rs 2.80, registering a 68.04% QoQ contraction against basic EPS of Rs 8.76 in Q1FY27 (diluted was Rs 8.72), and a 46.87% YoY drop against basic EPS of Rs 5.27 in Q2FY26. For H1FY27, consolidated basic EPS was Rs 11.56 (diluted was Rs 11.52), climbing 7.94% YoY up from basic EPS of Rs 10.71 in H1FY26. Result PDF
PDF
30 Oct 2026
Indigo Paints Ltd - 543258 - Results - Unaudited Financial Results For The Quarter And Half-Year Ended September 30, 2026.
Unaudited Financial Results for the quarter and half-year ended September 30, 2026.
PDF
30 Oct 2026
Indigo Paints Ltd - 543258 - Board Meeting Outcome for Outcome Of The Board Meeting
Outcome of the Board Meeting of Indigo Paints Limited held on Friday, October 30, 2026.
PDF
VIEW ALL

Indigo Paints DocumentsAsk MarketMind AI

Indigo Paints Earnings Call

Indigo Paints earnings calls, including management commentary and AI-generated summaries.

DateTitleLinks
03 Sep 2026Indigo Paints Ltd - 543258 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
14 Aug 2026Indigo Paints Ltd - 543258 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeLink
29 May 2026Indigo Paints Ltd - 543258 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
22 Feb 2026Indigo Paints Ltd - 543258 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptLink
11 Nov 2025Indigo Paints Ltd - 543258 - Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAi summaryLink
view all

Indigo Paints Annual Reports

Indigo Paints financials, including annual results, balance sheets, and cash flow statements.

DateReport TitleLinks
2026Annual Report Mar-2026Link
2025Annual Report Mar-2025Link
2024Annual Report Mar-2024Link
2023Annual Report Mar-2023Link
2022Annual Report Mar-2022Link

Indigo Paints Credit Ratings

Indigo Paints credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.

DateRating AgencyCompany NameDescriptionLinks
05 Apr 2021care ratingsIndigo Paints LimitedLink

Indigo Paints Investor Presentations

Indigo Paints investor presentations, including business updates, financial insights, and strategic initiatives.

DateReport TitleLinks
30 Oct 2026Indigo Paints Ltd - 543258 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
13 Aug 2026Indigo Paints Ltd - 543258 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
23 May 2026Indigo Paints Ltd - 543258 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
13 Feb 2026Indigo Paints Ltd - 543258 - Announcement under Regulation 30 (LODR)-Investor PresentationLink
06 Nov 2025Indigo Paints Ltd - 543258 - Announcement under Regulation 30 (LODR)-Investor PresentationLink

Indigo Paints - Company Profile

Indigo Paints Management Structure

Indigo Paints management structure with salaries, total experience, and qualifications.

NAMEDESIGNATIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Mr. Hemant JalanChairman.,Managing Director360Mar 26
Mr. Narayanankutty Kottiedath VenugopalExecutive Director204.65Mar 26
Mr. Thundiyil Surendra Suresh BabuChief Operating Officer131.13Mar 26
Mr. Chetan Bhalchandra HumaneChief Financial Officer79.59Mar 26
Mr. Vineet BhatiaGeneral Manager(Sales)77.75Mar 26
Mr. Srihari SanthakumarGeneral Manager(Finance)72.68Mar 26
Mr. Satya Narayan ShuklaSenior General Manager(Works)66.15Mar 26
Shinu VargheseGeneral Manager(Manufacturing)63.96Mar 26
Mr. Pavan SharmaGeneral Manager(Technical)63.76Mar 26
Mr. Aishwarya Pratap SinghChief Business Officer63.19Mar 26
Sayalee YengulCompany Secretary,Compliance Officer-Mar 26

Indigo Paints Board of Directors

Indigo Paints Board of directors with salaries, total experience, and qualifications.

NAMEPOSITIONGROSS REMUNERATION ₹(LAC)AS OFHISTORY & DETAILS
Hemant JalanChairman / Executive Director / M D / Promoter360Mar 26
Narayanan Kutty Kottiedath VenugopalExecutive Director204.65Mar 26
Parag JalanNon Executive Director30Mar 26
Ravi NigamIndependent Director20Mar 26
Praveenkumar Ramniranjan TripathiIndependent Director20Mar 26
Sunil GoyalIndependent Director20Mar 26
Ashwini DeshpandeIndependent Director19Mar 26
Sayalee YengulCompany Sec. & Compli. Officer-Mar 26
ABHAY KUMAR PANDEYIndependent Director-Mar 26
Website: www.indigopaints.com

About the company - Business Profile

Indigo Paints Limited is an Indian decorative paint manufacturer that has established itself as a significant player through a differentiated strategy focusing on niche, category-creator products. Since its founding in 2000, the company has transitioned from a single-product manufacturer to a national brand with a comprehensive range of interior and exterior emulsions, enamels, putties, primers, and wood coatings. Indigo Paints is known for its strategy of establishing a presence in Tier 3 and Tier 4 cities before expanding into larger urban markets, leveraging a distribution network that spans 28 states.

Key Points

  • Key Facts: Founded in 2000 and headquartered in Pune, Maharashtra. The company is listed on both the BSE and NSE. It operates as a debt-free entity with a market presence in 28 states and Union Territories across India.
  • Operations and Resources:
    • The company operates 5 manufacturing facilities located in Rajasthan (Jodhpur), Tamil Nadu (Pudukkottai), and Kerala (Kochi).
    • As of March 2025, the company had 54 depots and an active dealer network of 18,371 dealers.
    • Capacity expansion initiatives at the Jodhpur plant include a new water-based plant with a capacity of 90,000 KLPA, a solvent-based plant of 12,000 KLPA, and a brownfield putty plant expansion to double capacity to 2,76,000 MTPA.
  • Ownership and Subsidiaries:
    • The company is professionally managed, led by Chairman and Managing Director Hemant Jalan.
    • Apple Chemie India Pvt. Ltd. is a major subsidiary focusing on construction chemicals and waterproofing, in which Indigo Paints acquired a majority stake to enter adjacent market segments.
  • Business Model and Strategy:
    • The business model is centered on product differentiation and high brand visibility. It focuses on "category creators"—specialized products like Metallic Roof Paint and Floor Coat Emulsions—to enter new markets where competition is lower.
    • Strategic focus includes increasing the installation of tinting machines, which reached 11,913 units by December 2025 (9M FY26), to drive sales of high-margin emulsions.
  • Financial Performance (FY25 Annual):
    • Revenue from Operations: ₹1,340.67 crore (up 2.65% YoY from ₹1,306.09 crore in FY24).
    • EBITDA: ₹233.48 crore with a margin of 17.42%.
    • Profit After Tax (PAT): ₹142.16 crore.
    • Revenue Breakdown by Segment (FY25): Emulsions (high growth focus), Enamels & Wood Coatings, Primers & Distempers, and Putty & Cement Paints.
  • Key Products and Technology:
    • Core portfolio includes Interior/Exterior Emulsions, Enamels, Putties, and Cement Paints.
    • Specialty offerings: Dirtproof & Waterproof Exterior Laminate, PU Enamel, and Bright Ceiling Coat.
    • Recent advancements include the launch of Water-proofing and Construction Chemicals (WPCC) through Apple Chemie.
  • Strategic Initiatives and Outlook:
    • Indigo Paints 2.0: A strategic roadmap focusing on product innovation, geographic expansion into Tier 1 and 2 cities, and capacity augmentation.
    • Advertising and Promotional (A&P) spends are a core part of the strategy, maintained at approximately 6.0% to 7.4% of revenue to sustain brand recall.
    • In 9M FY26, the company reported revenue of ₹979.7 crore and EBITDA of ₹159.2 crore.

References

  1. Annual Report May 2025
  2. Annual Report May 2024
  3. Investor Presentation Feb 2026
  4. Investor Presentation Nov 2025

Indigo Paints FAQ

Indigo Paints today is trading in the red, down by 1.43% at ₹997.3.
Indigo Paints is currently trading down 1.43% on an intraday basis. In the past week the stock fell 1.64%. Stock has been down 10.3% in the past quarter and fell 0.26% in the past year. You can view this in the share price history/seasonality section.
Indigo Paints is listed on NSE with the ticker INDIGOPNTS and on BSE as 543258. It's currently trading on NSE at a share price of ₹997.3 and on BSE with a share price of ₹991.6.
The market cap of Indigo Paints is ₹4,760.37 Cr. as of Oct 30, 2026.
Indigo Paints announced a FINAL dividend of 50% which equals ₹5 in Sep 04, 2026.The last three ex-dates for Indigo Paints were Aug 22, 2025, Aug 02, 2024 and Jul 28, 2023. To view the full dividend history of Indigo Paints click here.
Indigo Paints has never issued stock splits or bonus shares since the time of its listing on the BSE/NSE exchanges.
Indigo Paints reported ₹360.92 Cr. in revenue, ₹13.32 Cr. in net profit, and ₹33.14 Cr. in EBITD as of Oct 30, 2026 for Q2 FY26-27.
According to the predictions of 8 analysts, the share price prediction for Indigo Paints is ₹1,275 with an upside of 28%.
The PE ratio of Indigo Paints is 31.92 as of Oct 30, 2026.
The PB ratio of Indigo Paints is 3.98 as of Oct 30, 2026.
You can view the latest analyst reports on the Indigo Paints reports dashboard. Either click on the Reports tab on this page's sub-header or click here to be directed to the dashboard.
You can set real-time stock alerts on price, volume, SMA, and several other parameters by scrolling to the top of this page and clicking the bell icon on the far right-hand side of the stock overview.
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