Indigo Paints Ltd
Indigo Paints Ltd (INDIGOPNTS)

Indigo Paints Ltd (INDIGOPNTS)

₹1490.950.57%

Key Stats

₹1485.55
Day's Price Range
₹1506.75
₹1353.6
52-Week Price Range
₹2589.9
1 Month Return-5.68 %
3 Month Return5.87 %
1 Year Return-40.65 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 299
EPS
Rank 303
BVPS
Rank 326
Dividend Yield
Rank 177
ROE
Rank 185
13.85%
Price To Book Ratio
Rank 262
Debt To Asset
Rank 316

Company Information

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 the name of the Company was changed to Indigo Paints Limited on August 20 2020. The Company is the fastest growing amongst the top five paint companies in India. The Company is the fifth largest company in the Indian decorative paint industry in terms of its revenue from operations for Fiscal 2020. The Company has achieved this position in a highly competitive Indian decorative paint industry on the back of its multipronged 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 the company 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. The Company subsequently introduced tinting machines in its target markets to increase sales of emulsion paints which require inshop tinting. 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 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. As of September 30 2020 the company owns and operates three manufacturing facilities located in Jodhpur Rajasthan Kochi Kerala and Pudukkottai Tamil Nadu with an aggregate estimated installed production capacity of 101903 kilo litres per annum KLPA for liquid paints and 93118 metric tonnes per annum MTPA for putties and powder paints. Its manufacturing facilities are strategically located in close proximity to raw material sources that reduces inward freight costs lowering its cost of raw materials. The Company also intend to expand its manufacturing capacities at Pudukkottai plant in Tamil Nadu by adding capacities to manufacture waterbased paints to cater to the growing demand for these paints. The proposed installed production capacity of the expansion unit is 50000 KLPA and it is expected to be operational during Fiscal 2023.
OrganisationIndigo Paints Ltd
HeadquartersPune
IndustryPaints/Varnish