Indigo Paints Peer Comparison

NSE: INDIGOPNTS | BSE: 543258

₹1,060.20

₹-2.20 (-0.21%)

As on 07-Oct-2026IST

Market cap

₹5,067 Cr

Revenue (TTM)

₹1,466 Cr

P/E Ratio

31.5

P/B Ratio

4.3

Div. Yield

0.5 %

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	Indigo Paints	Kansai Nerolac	JSW Dulux	SIRCA Paints India	Shalimar Paints
Market cap (₹ Cr)	5,067	15,550	13,797	2,343	638
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	31.49	25.91	7.03	34.96	--
Price-To-Book	4.29	2.24	5.45	4.77	5.33

Income Statement (₹ Cr)

	Indigo Paints	Kansai Nerolac	JSW Dulux	SIRCA Paints India	Shalimar Paints
Operating Revenue	1,465.82	8,263.47	3,590.90	508.25	558.79
Total Income	1,483.02	8,411.74	3,706.00	513.51	564.64
Total Expenditure	1,193.34	7,263.65	3,101.80	407.94	585.73
EBITDA	272.48	999.82	489.10	100.32	-26.94
Depreciation	61.00	238.01	77.40	10.96	20.09
EBIT	211.48	761.81	411.70	89.36	-47.03
Interest	2.81	32.95	12.00	4.60	24.10
Other Income	17.20	148.27	115.10	5.26	5.85
Exceptional Items	-6.13	-63.15	1,845.90	0.00	-4.60
Profit before Tax	219.74	813.98	2,360.70	90.02	-69.88
Provision for Tax	56.48	225.32	398.20	23.00	-0.44
Profit after Tax	163.25	588.66	1,962.50	67.02	-69.44

	Indigo Paints	Kansai Nerolac	JSW Dulux	SIRCA Paints India	Shalimar Paints
Shareholder's Funds	1,153.97	6,713.78	2,451.60	475.12	251.18
Minority Interest	-2.35	11.48	0.00	0.00	0.00
Non-Current Liabilities	107.65	365.11	200.50	39.45	13.41
Current Liabilities	367.33	1,657.15	1,143.20	74.37	375.97
Total Liabilities	--	8,711.11	5,600.50	610.41	642.62

	Indigo Paints	Kansai Nerolac	JSW Dulux	SIRCA Paints India	Shalimar Paints
Non-Current Assets	748.93	2,317.67	1,561.30	180.16	275.75
Current Assets	811.39	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	444.06	4,116.52	643.90	313.02	-70.42
Contingent Liabilities	--	44.79	53.70	--	39.17

	Indigo Paints	Kansai Nerolac	JSW Dulux	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

	Indigo Paints	Kansai Nerolac	JSW Dulux	SIRCA Paints India	Shalimar Paints
ROCE (%)	--	12.44	125.82	20.28	-12.18
ROE (%)	14.89	9.81	16.31	14.60	-24.21
ROA (%)	10.74	6.95	58.59	12.89	-10.34
EBIT Margin (%)	14.43	9.22	11.47	17.58	-8.42
Net Margin (%)	11.01	7.00	52.95	13.05	-12.30
Cash Profit Margin (%)	0.00	0.00	0.00	0.00	0.00

	Indigo Paints	Kansai Nerolac	JSW Dulux	SIRCA Paints India	Shalimar Paints
Revenue Growth (%)	9.51	5.24	-11.12	24.19	-10.74
EBIT Growth (%)	22.72	7.39	-21.01	30.96	22.43
Net Profit Growth (%)	15.32	-46.49	383.49	26.33	2.07
EPS Growth (%)	16.75	3.47	-5.42	21.92	8.56
Book Value Growth (%)	--	4.53	84.38	35.92	-30.80

	Indigo Paints	Kansai Nerolac	JSW Dulux	SIRCA Paints India	Shalimar Paints
Price / Earnings	30.61	24.03	35.94	34.96	-9.84
Price / Book Value	4.29	2.24	5.45	4.77	5.33
Dividend Yield (%)	0.48	1.29	6.79	0.48	0.00
EV/EBITDA	17.38	13.05	27.55	22.60	-27.77
Market Cap (₹ Cr)	--	13,509.49	12,925.09	2,280.50	302.15

	Indigo Paints	Kansai Nerolac	JSW Dulux	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	2.21	3.48	1.56	5.21	0.81
Quick Ratio	1.72	2.56	1.06	3.72	0.54
Interest Coverage	79.20	25.70	197.73	20.57	-1.90

	Indigo Paints	Kansai Nerolac	JSW Dulux	SIRCA Paints India	Shalimar Paints
Debtors to sales (%)	19.48	17.76	16.79	30.55	24.76
Asset Turnover	0.96	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

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.