Indigo Paints Limited

INDIGOPNTS

INE09VQ01012

Commodity Chemicals

Delayed NSE India S.E. Other stock markets 12:32:33 2024-04-29 am EDT			5-day change	1st Jan Change
1,339 ^INR	+1.08%		+1.23%	-10.19%

Feb. 22	India's Grasim launches paints business, targets 100 billion rupees in gross revenue in 3 years	RE
Feb. 12	Transcript : Indigo Paints Limited, Q3 2024 Earnings Call, Feb 12, 2024

Indigo Paints Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023

May 26, 2023 at 10:21 am EDT

Indigo Paints Limited announced that at its board meeting held on May 26, 2023, the board recommended payment of final dividend of INR 3.50 (35%) per equity share of the face value of INR 10 each for the financial year ended March 31, 2023, subject To Approve the shareholders at the ensuing Annual General Meeting (AGM).

Latest news about Indigo Paints Limited

India's Grasim launches paints business, targets 100 billion rupees in gross revenue in 3 years	Feb. 22	RE
Transcript : Indigo Paints Limited, Q3 2024 Earnings Call, Feb 12, 2024	Feb. 12
Indigo Paints Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	Feb. 09	CI
India's Kansai Nerolac posts higher profit for fourth straight quarter	Feb. 05	RE
Certain Equity Shares of Indigo Paints Limited are subject to a Lock-Up Agreement Ending on 1-FEB-2024.	Jan. 31	CI
Transcript : Indigo Paints Limited, Q2 2024 Earnings Call, Nov 06, 2023	Nov. 06
Indigo Paints Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023	Nov. 03	CI
India's Kansai Nerolac posts Q2 profit rise on lower expenses	Nov. 01	RE
Indigo Paints Begins Commercial Production at New Unit in Tamil Nadu, India	23-09-18	MT
Indigo Paints Limited Announces Commencement of Commercial Operations At Its New Manufacturing Facility At Pudukkottai, Tamil Nadu	23-09-18	CI
Berger Paints India beats Q1 view on robust demand, lower material costs	23-08-09	RE
Indigo Paints Limited Approves Final Dividend for the Financial Year Ended March 31, 2023	23-08-09	CI
Transcript : Indigo Paints Limited, Q1 2024 Earnings Call, Aug 08, 2023	23-08-08
Indigo Paints Limited Reports Earnings Results for the First Quarter Ended June 30, 2023	23-08-07	CI
Indigo Paints Limited Proposes to Declare Final Dividend for the Financial Year Ended March 31, 2023	23-07-14	CI
Indigo Paints Limited Announces Executive Changes	23-06-29	CI
Transcript : Indigo Paints Limited, Q4 2023 Earnings Call, May 29, 2023	23-05-29
Indigo Paints Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023	23-05-26	CI
Indigo Paints Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023	23-05-26	CI
India's Kansai Nerolac reports nearly 4-fold profit surge in Q4	23-05-08	RE
Indigo Paints Limited Announces Resignation of Director	23-05-04	CI
Indigo Paints Limited completed the acquisition of Apple Chemie India Pvt. Ltd. for INR 0.01 million.	23-04-02	CI
Indigo Paints Limited agreed to acquire Apple Chemie India Pvt. Ltd for INR 0.01 million.	23-04-02	CI
Transcript : Indigo Paints Limited, Q3 2023 Earnings Call, Feb 13, 2023	23-02-13
Indigo Paints Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022	23-02-10	CI

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Company Profile

Indigo Paints Limited is a paint manufacturing company. The Company is engaged in the manufacture and sale of decorative paints and operates its manufacturing facilities in Jodhpur (Rajasthan), Kochi (Kerala) and Pudukkottai (Tamil Nadu). Its product offerings include emulsions, enamels, water proofing solutions, wood coatings, primers and putties, and other products. It manufactures category-creator products, including metallic coat emulsions, tile coat emulsions, bright ceiling coat emulsion and floor coat emulsions in India. It offers various other types of emulsion paints, such as the dirtproof and waterproof exterior laminate, exterior and interior acrylic laminate, and enamels, such as polyurethane (PU) super gloss enamel. It offers wood paint and offers a range of options for painting wooden surfaces. It also offers aluminum paints to paint surfaces of storage tanks, metal pipes, and metal roofs. The Company's products are sold under only one brand name, Indigo.

Sector

Commodity Chemicals

Calendar

2024-05-09 - Q4 2024 Earnings Release (Projected)

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Ratings for Indigo Paints Limited

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

1,325 INR

Average target price

1,619 INR

Spread / Average Target

+22.19%

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Sector Paint & Coating

	1st Jan change	Capi.
INDIGO PAINTS LIMITED	-10.19%	757M
THE SHERWIN-WILLIAMS COMPANY	-1.75%	77.87B
PPG INDUSTRIES, INC.	-12.97%	30.63B
NIPPON PAINT HOLDINGS CO., LTD.	-13.83%	14.66B
RPM INTERNATIONAL INC.	-3.81%	13.83B
AKZO NOBEL N.V.	-16.12%	11.43B
BERGER PAINTS INDIA LIMITED	-16.35%	7.04B
AXALTA COATING SYSTEMS LTD.	-8.10%	6.89B
KANSAI PAINT CO., LTD.	-14.49%	2.75B
KANSAI NEROLAC PAINTS LIMITED	-15.73%	2.71B

Paint & Coating