Indigo Paints Peer Comparison
NSE: INDIGOPNTS | BSE: 543258
₹1,154.50
As on 31-Aug-2026 15:09IST
Market cap
₹5,505 Cr
Revenue (TTM)
₹1,466 Cr
P/E Ratio
34.2
P/B Ratio
4.7
Div. Yield
0.4 %
| Indigo Paints | Kansai Nerolac | Akzo Nobel India | SIRCA Paints India | Shalimar Paints | |
|---|---|---|---|---|---|
Market cap (₹ Cr) |
5,505 | 15,702 | 14,273 | 2,493 | 680 |
Revenue (₹ Cr) |
1,466 | 8,263 | 3,591 | 508 | 559 |
Net Profit (₹ Cr) |
163.25 | 588.66 | 1,962.50 | 67.02 | -69.44 |
Net Margin (%) |
11.01 | 7.00 | 52.95 | 13.05 | -12.30 |
RoE (%) |
14.89 | 9.81 | 16.31 | 14.60 | -24.21 |
Price to Earnings |
34.22 | 26.16 | 7.27 | 37.20 | -- |
Price-To-Book |
4.66 | 2.27 | 5.64 | 5.07 | 5.68 |
Income Statement (₹ Cr)
| Indigo Paints | Kansai Nerolac | Akzo Nobel India | SIRCA Paints India | Shalimar Paints | |
|---|---|---|---|---|---|
|
Operating Revenue
|
1,385.31 | 8,263.47 | 3,590.90 | 508.25 | 558.79 |
|
Total Income
|
1,401.66 | 8,411.74 | 3,706.00 | 513.51 | 564.64 |
|
Total Expenditure
|
1,120.25 | 7,263.65 | 3,101.80 | 407.94 | 585.73 |
|
EBITDA
|
265.06 | 999.82 | 489.10 | 100.32 | -26.94 |
|
Depreciation
|
56.16 | 238.01 | 77.40 | 10.96 | 20.09 |
|
EBIT
|
208.90 | 761.81 | 411.70 | 89.36 | -47.03 |
|
Interest
|
2.37 | 32.95 | 12.00 | 4.60 | 24.10 |
|
Other Income
|
16.34 | 148.27 | 115.10 | 5.26 | 5.85 |
|
Exceptional Items
|
-5.85 | -63.15 | 1,845.90 | 0.00 | -4.60 |
|
Profit before Tax
|
217.02 | 813.98 | 2,360.70 | 90.02 | -69.88 |
|
Provision for Tax
|
55.63 | 225.32 | 398.20 | 23.00 | -0.44 |
|
Profit after Tax
|
161.40 | 588.66 | 1,962.50 | 67.02 | -69.44 |
Liabilities (₹ Cr)
| Indigo Paints | Kansai Nerolac | Akzo Nobel India | SIRCA Paints India | Shalimar Paints | |
|---|---|---|---|---|---|
|
Shareholder's Funds
|
1,182.35 | 6,713.78 | 2,451.60 | 475.12 | 251.18 |
|
Minority Interest
|
0.00 | 11.48 | 0.00 | 0.00 | 0.00 |
|
Non-Current Liabilities
|
44.67 | 365.11 | 200.50 | 39.45 | 13.41 |
|
Current Liabilities
|
342.92 | 1,657.15 | 1,143.20 | 74.37 | 375.97 |
|
Total Liabilities
|
-- | 8,711.11 | 5,600.50 | 610.41 | 642.62 |
Assets (₹ Cr)
| Indigo Paints | Kansai Nerolac | Akzo Nobel India | SIRCA Paints India | Shalimar Paints | |
|---|---|---|---|---|---|
|
Non-Current Assets
|
740.95 | 2,317.67 | 1,561.30 | 180.16 | 275.75 |
|
Current Assets
|
763.17 | 5,773.67 | 1,787.10 | 387.39 | 305.55 |
|
Total Assets
|
-- | 8,711.11 | 5,600.50 | 610.41 | 642.62 |
|
Total Debt*
|
-- | 82.68 | 0.00 | 32.32 | 157.03 |
|
Net Current Assets
|
420.25 | 4,116.52 | 643.90 | 313.02 | -70.42 |
|
Contingent Liabilities
|
-- | 44.79 | 53.70 | -- | 39.17 |
Cashflow (₹ Cr)
| Indigo Paints | Kansai Nerolac | Akzo Nobel India | SIRCA Paints India | Shalimar Paints | |
|---|---|---|---|---|---|
|
Cash From Operating Activities
|
-- | 894.37 | 93.20 | 44.41 | 23.35 |
|
Cash Flow from Investing Activities
|
-- | -382.65 | 803.70 | -69.75 | -0.52 |
|
Cash from Financing Activities
|
-- | -403.30 | -875.40 | 38.83 | -24.71 |
|
Net Cash Inflow / Outflow
|
-- | 108.42 | 21.50 | 13.50 | -1.88 |
Ratios
Profitability Ratios
| Indigo Paints | Kansai Nerolac | Akzo Nobel India | SIRCA Paints India | Shalimar Paints | |
|---|---|---|---|---|---|
|
ROCE (%)
|
-- | 12.44 | 125.82 | 20.28 | -12.18 |
|
ROE (%)
|
14.61 | 9.81 | 16.31 | 14.60 | -24.21 |
|
ROA (%)
|
11.03 | 6.95 | 58.59 | 12.89 | -10.34 |
|
EBIT Margin (%)
|
15.08 | 9.22 | 11.47 | 17.58 | -8.42 |
|
Net Margin (%)
|
11.51 | 7.00 | 52.95 | 13.05 | -12.30 |
|
Cash Profit Margin (%)
|
0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Growth Ratios
| Indigo Paints | Kansai Nerolac | Akzo Nobel India | SIRCA Paints India | Shalimar Paints | |
|---|---|---|---|---|---|
|
Revenue Growth (%)
|
8.39 | 5.24 | -11.12 | 24.19 | -10.74 |
|
EBIT Growth (%)
|
18.82 | 7.39 | -21.01 | 30.96 | 22.43 |
|
Net Profit Growth (%)
|
12.21 | -46.49 | 383.49 | 26.33 | 2.07 |
|
EPS Growth (%)
|
15.11 | 3.47 | -5.42 | 21.92 | 8.56 |
|
Book Value Growth (%)
|
-- | 4.53 | 84.38 | 35.92 | -30.80 |
Valuation Ratios
| Indigo Paints | Kansai Nerolac | Akzo Nobel India | SIRCA Paints India | Shalimar Paints | |
|---|---|---|---|---|---|
|
Price / Earnings
|
33.13 | 24.48 | 36.93 | 36.96 | -10.16 |
|
Price / Book Value
|
4.55 | 2.29 | 5.60 | 5.04 | 5.50 |
|
Dividend Yield (%)
|
0.43 | 1.28 | 6.62 | 0.46 | 0.00 |
|
EV/EBITDA
|
19.49 | 13.33 | 28.33 | 23.94 | -28.53 |
|
Market Cap (₹ Cr)
|
-- | 13,509.49 | 12,925.09 | 2,280.50 | 302.15 |
Solvency Ratios
| Indigo Paints | Kansai Nerolac | Akzo Nobel India | SIRCA Paints India | Shalimar Paints | |
|---|---|---|---|---|---|
|
Debt to Equity
|
0.00 | 0.00 | 0.00 | 0.05 | 0.00 |
|
Short term debt to equity ratio
|
-- | 0.01 | -- | -- | 0.62 |
|
Current Ratio
|
2.23 | 3.48 | 1.56 | 5.21 | 0.81 |
|
Quick Ratio
|
1.72 | 2.56 | 1.06 | 3.72 | 0.54 |
|
Interest Coverage
|
92.61 | 25.70 | 197.73 | 20.57 | -1.90 |
Operating Efficiency Ratios
| Indigo Paints | Kansai Nerolac | Akzo Nobel India | SIRCA Paints India | Shalimar Paints | |
|---|---|---|---|---|---|
|
Debtors to sales (%)
|
18.57 | 17.76 | 16.79 | 30.55 | 24.76 |
|
Asset Turnover
|
0.95 | 0.98 | 1.07 | 0.98 | 0.83 |
|
Receivable days
|
-- | 57.19 | 60.23 | 92.10 | 79.33 |
|
Inventory Days
|
-- | 64.70 | 59.62 | 81.02 | 65.67 |
|
Payable days
|
-- | 79.48 | 144.42 | 63.38 | 173.97 |
|
Cash Conversion Cycle
|
-- | 42.40 | -24.57 | 109.74 | -28.96 |