Indigo Paints Share Price Target 2022 2023 2024 2025 2030 Market

Indigo Paints Company

Stock price: INDIGOPNTS (NSE) ₹1,337.35 +2.50 (+0.19%)

Headquarters: Pune

Founded: 2000

Number of employees: 650 (2021)

Key people: Chetan Humane; (Chief Financial Officer); Suresh Babu; (Chief Operating Officer);

Starting in the year 2000, Indigo Paints had a modest beginning. It started out with the manufacture of lower-end Cement paints, and gradually expanded its range to cover most segments of water-based paints like Exterior Emulsions, Interior Emulsions, Distempers, Primers, etc. From an early age, the Company spread its footprints across the country, with the rapid expansion of its reach across India. Today the Company stands out as one of the strongest contenders in the Indian paint industry, being rated as an innovative paint manufacturer, which keeps coming out with unique products never before offered in the country.

Over time, the Company found its niche in the paint industry through innovation. It kept churning out bright new ideas for painting solutions, with alarming regularity. Gradually, the industry began looking upon the Company as a futuristic thinker and a storehouse of new product development.

With changing times and trends, Indigo Paints revamped its identity showcasing a new wave of thinking by the Company. A few years ago it clubbed all its multiple brands for different product categories into a single umbrella brand “INDIGO”. A new logo for the brand and the Company was created, which accurately reflected the core philosophy of the organization. The logo design was extended to all packaging designs and other forms of corporate communication.

Indigo Paints Stock Price Target 2022, 2023, 2024, 2025, 2030

Strengths of Indigo Paints Ltd.

Financial Strength:

• The ROE of the company is 19.14% and ROCE is 25.10%.
• The free cash flow per share is 9.94.
• The company is a virtually debt-free company.
• The company has shown a healthy profit growth of 202.08% in the last 3 years.
• The company has shown a healthy revenue growth of 20.72% in the last 3 years.
• Has maintained a healthy ROE of 24.74% in the last 3 years.
• The company has a healthy interest coverage ratio of 26.68.
• The company has a good Cash Conversion cycle of -68.17 days.
• Healthy liquidity position with a current ratio of 2.37.
• The company has a major promoter holding of 54%.
• Indigo Paints has a strong degree of operating leverage, with average operating leverage of 8.50.

Shareholding pattern of Indigo Paints

But keep in mind that before taking any investment decision, do not forget to do a detailed analysis of the business of the company yourself or take the advice of your financial advisor.