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

Indigo Paints Share Price Target 2022, 2023, 2024, 2025, and 2030: Hi! I hope everyone is fine there and achieving some highs in their respective field.

This article will provide you with deep insights into India’s leading paint company, Indigo Paints. Also, we give hidden knowledge of this company. We will give you the right knowledge about whether the investment in this company’s stock is a thing of profit or loss.

Apart from all of the above, we will try to predict the share price target on Indigo Paints Ltd. for the upcoming years. So, stay with this interesting article.

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

Indigo Share Price Target

The company was started in the year 2000. Indigo Paints had a modest beginning. The company 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.

The company’s headquarters is located in Pune, Maharashtra. Indigo Paints has three manufacturing facilities that are located at Jodhpur, Kochi, and Pudukkottai.

The company was listed in August 2020 and become a Public company. Mr. Hemant Kamala Jalan is the Chairman & Managing Director, and Mr. Narayanankutty Kottiedath Venugopal is the company’s Executive Director.

Business Model of Indigo Paints Ltd.

Indigo Paint is a paint chemical company. The company manufactures a complete range of decorative paints including emulsions, wood coatings, enamels, distempers, primers, putties, and cement paints.

The company also identifies customers’ potential product needs, introduces differentiated products to meet these requirements, and creates a distinct market for its products. For instance, Indigo Paints is the first company to manufacture and introduce certain differentiated products in the decorative paint market in the country.

Which includes its Metallic Emulsions, Tile Coat Emulsions, Bright Ceiling Coat Emulsions, Floor Coat Emulsions, Dirtproof & Waterproof Exterior Laminate, Exterior, and Interior Acrylic Laminate, and PU Super Gloss Enamel (together, Indigo Differentiated Products).

These products are differentiated based on the end-use they cater to, as well as added properties that they possess.

Thus the company has a vast portfolio of its products.

Related :

Indigo Paints Share Price Target 2022

The current stock price of Indigo Paints is in the range of ₹1425-₹1450. The market capitalization of the company is around ₹6,800 cr. This small-cap company is trading at a P/E of 81.18 which is very high from its sector P/E of 11.55.

At the present time, the stock of the company is highly overvalued. In the upcoming time, the stock may correct its fair valuation. But if the company gets success to increase its revenue and profit in the next few quarters then a sharp rise in the stock may be seen.

Indigo Paints Share Price Target 2022
First Target ₹1630
Second Target ₹1670

Indigo Paints Share Price Target 2023

Indigo Paints has a long track record of more than a decade in the paint industry. The company is a very good company on the basis of fundamentals. Most important Indigo Paints is a debt-free company also a cash-rich company.

On a continuous basis, the company is increasing its sales and margins.

Indigo Paints Share Price Target 2023
First Target ₹1760
Second Target ₹1795

Indigo Paints Share Price Target 2024

The company has a range of decorative paints including emulsions, acrylic laminate, metallic emulsion, tile coat, bright ceiling coal, roof coat emulsion, floor coat emulsion, polymer putty, primers, cement paints, and distemper (acrylic distemper) amongst others.

The sales in the decorative segment are mostly retail sales and are largely made through dealers. Thus the portfolio of the company is vastly diversified.

Indigo Paints Share Price Target 2024
First Target ₹1860
Second Target ₹1910

Indigo Paints Share Price Target 2025

Indigo Paints constant efforts to improve its market share through aggressive brand-building activities have resulted in substantial sales growth over the years. The company has been increasingly installing tinting machines at dealer locations which have further supported the volume growth.

But the main issue with the company is that it is facing intense competition from local and established brands. To do good in the future company needs to increase its market share.

Indigo Paints Share Price Target 2025
First Target ₹1980
Second Target ₹2100

Indigo Paints Share Price Target 2030

For the long term, the company may be a good bet. But if you are investing in any business then always review your investment quarterly basis.

Indigo Paints Share Price Target 2030
First Target ₹2800
Second Target ₹2890

Strengths of Indigo Paints Ltd.

Financial strengths :

  • Company ROE is 19.14% and RoCE is 25.10%.
  • Free cash flow per share is 9.94.
  • The company is a virtually debt-free company.
  • The company has shown a good profit growth of 202.08% over the past 3 years.
  • The company has shown good revenue growth of 20.72% over the past 3 years.
  • Maintaining healthy ROE of 24.74% over the past 3 years.
  • The company has a healthy interest coverage ratio of 26.68.
  • The company has an efficient Cash Conversion cycle of -68.17 days.
  • Healthy liquidity position with a current ratio of 2.37.
  • The company has a high promoter holding of 54%.
  • Indigo Paints has a strong degree of Operating leverage, Average Operating leverage stands at 8.50.

Other strengths :

  • Long established track record and experienced promoters.
  • Established distribution network across major states along with proximity to raw material sources.
  • Comfortable capital structure and debt coverage indicators.

Weaknesses of Indigo Paints Ltd.

In our view at present, the company does not have any financial weakness.

Other threats and weaknesses :

  • Moderate profitability margins.
  • The risk is associated with volatility in raw material prices.
  • Intense competition from organized and unorganized companies.

Shareholding pattern of Indigo Paints

Public 33.46%
Promoters0% 54%
FII 8.94%
DII 3.61%
Others 0%

Annual Reports of the company –

Competitors of Indigo Paints

Asian Paints, Berger Paints, Kansai Nerolac Paints, and Shalimar Paints are the major competitors of the company.

Related :

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

Indigo Paints Share Price Targets
First Target (2022) ₹1630
Second Target ₹1670
First Target (2023) ₹1760
Second Target ₹1795
First Target (2024) ₹1860
Second Target ₹1910
First Target (2025) ₹1980
Second Target ₹2100
First Target (2030) ₹2800
Second Target ₹2890

Final Thoughts

Indigo Paints is one of the fastest-growing among the top five paint companies in India. It is the fifth-largest company in the Indian decorative paint industry in terms of our revenue from operations for Fiscal 2020.

The company’s focus is to increase its penetration in the markets where they are currently operated by replicating the same proposition that has helped them to grow in the past. Overall the company is a very sound company on the basis of financials and may give good returns to its investors.

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Disclaimer – In this article we have just evaluated the company also we are not a SEBI registered advisor. We have not provided any investment advice on this stock. Before doing any investment please research yourself or take the advice of your financial advisor.

FAQ :

  1. Who is the Chairman of the Indigo Paints?

    Mr. Hemant Kamala Jalan is the Chairman and Managing Director of the Indigo Paints.

  2. Is Indigo Paints an Indian company?

    Yes, it is an Indian Company.

  3. Is Indigo Paints a good company?

    Indigo Paints is the fifth-largest company in the Indian decorative paint industry in terms of revenue from operations for fiscal 2020. The company is the fastest growing amongst the top five paint companies in India.

  4. Is Indigo Paints a debt-free company?

    Yes, the company is a virtually debt-free company.

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