Indigo Paints Ltd Share Price ₹995 | P/E 27.5

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Indigo Paints Ltd

Quarter-by-quarter operating performance

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales +	325	277	270	341	366	294	289	327	367	295	298	339	398
Expenses +	254	229	229	280	284	248	246	270	281	251	253	273	306
Operating Profit	72	48	42	61	82	46	43	57	86	44	46	66	92
OPM %	22%	17%	15%	18%	22%	16%	15%	18%	23%	15%	15%	19%	23%
Other Income +	3	4	3	3	4	4	5	3	6	6	3	-2	0
Interest	0	0	0	0	0	1	1	0	1	1	1	0	1
Depreciation	9	9	10	13	14	14	14	14	12	14	14	14	14
Profit before tax	65	42	34	50	72	35	33	46	78	35	34	49	77
Tax %	26%	26%	24%	25%	26%	25%	27%	21%	27%	25%	25%	26%	25%
Net Profit +	49	31	26	38	54	26	24	36	57	26	26	36	57
EPS in Rs	10.23	6.58	5.49	7.92	11.24	5.56	5.06	7.65	11.95	5.53	5.35	7.58	12.03

Financials of Indigo Paints Ltd

Annual income statement trend

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales +	90	124	289	411	536	625	723	906	1,073	1,255	1,277	1,330
Expenses +	97	130	291	387	481	534	601	770	892	1,022	1,046	1,083
Operating Profit	-7	-6	-2	24	54	91	123	136	182	233	232	247
OPM %	-8%	-4%	-1%	6%	10%	15%	17%	15%	17%	19%	18%	19%
Other Income +	2	1	1	-1	1	2	4	11	10	13	17	6
Interest	1	0	3	4	5	6	4	1	1	2	3	2
Depreciation	1	1	14	17	17	20	24	31	34	46	54	55
Profit before tax	-7	-6	-18	2	34	67	98	114	156	198	192	195
Tax %	0%	0%	-10%	-14%	20%	29%	28%	26%	15%	25%	25%	26%
Net Profit +	-7	-6	-16	3	27	48	71	84	132	149	144	145
EPS in Rs	-158.03	-136.43	-5.55	0.90	9.32	16.48	14.89	17.67	27.73	31.22	30.22	30.50
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	17%	13%	11%	12%	16%

Financials of Indigo Paints Ltd

Capital structure and asset base

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0.44	0.44	29	29	29	29	48	48	48	48	48	48
Reserves	26	129	69	71	100	150	516	602	729	867	1,000	1,135
Borrowings +	4	8	52	54	88	75	9	12	12	17	20	18
Other Liabilities +	30	58	97	125	156	169	239	258	274	290	290	369
Total Liabilities	61	196	246	279	373	422	811	920	1,062	1,222	1,358	1,570
Fixed Assets +	12	13	91	95	149	201	249	253	265	548	525	580
CWIP	1	0	2	2	4	1	3	51	251	15	135	220
Investments	1	124	16	15	20	21	50	173	132	188	247	289
Other Assets +	46	58	137	167	201	199	509	442	414	471	451	481
Total Assets	61	196	246	279	373	422	811	920	1,062	1,222	1,358	1,570

Financials of Indigo Paints Ltd

Operating, investing and financing cash movement

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	-6	11	-26	27	50	72	121	65	116	152	205	211
Cash from Investing Activity +	-10	-123	15	-23	-62	-61	-318	-69	-84	-143	-175	-194
Cash from Financing Activity +	16	113	8	-4	19	-17	236	-5	-20	-24	-25	-26
Net Cash Flow	1	1	-3	-0	7	-6	39	-9	12	-15	4	-9
Free Cash Flow	-6	11	-34	2	-12	11	55	-56	-81	51	72	79
CFO/OP	74%	-206%	1,325%	113%	101%	93%	112%	67%	77%	90%	102%	109%

Financials of Indigo Paints Ltd

Working capital efficiency and return ratios

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	105	97	99	92	71	61	61	69	68	59	63	71
Inventory Days	90	89	107	81	85	87	92	84	72	93	80	89
Days Payable	212	219	190	170	167	157	180	143	122	123	88	103
Cash Conversion Cycle	-17	-33	16	2	-11	-9	-27	10	18	29	54	57
Working Capital Days	34	-27	9	6	-9	-0	3	22	25	37	35	107
ROCE %	-25%	-7%	-10%	5%	21%	31%	25%	19%	22%	23%	20%	18%