Name: Latest research reports of Indigo Paints Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Indigo Paints Ltd.
Rating: 5
Author: Motilal Oswal

Indigo Paints Ltd.

NSE: INDIGOPNTS | BSE: 543258 | ISIN: INE09VQ01012 | Industry: Paints
| Mid-range Performer

1194.0000 -10.60 (-0.88%)

NSE Aug 04, 2025 15:31 PM

30.59% Fall from 52W High

Volume: 36,060

Indigo Paints Ltd.

23 May 2024

1194.00

-0.88%

Slow organic growth; FY24 print better than peers’

Buy: Indigo Paints Ltd.

Target

Motilal Oswal

Indigo Paints (INDIGOPN) delivered consolidated sales growth of 18% YoY
to INR3.8b (est. INR3.9b). Standalone sales growth decelerated to 12.5%
YoY in 4QFY24 vs. 19% in 9MFY24. Apple Chemie clocked 24% YoY growth
in FY24 to INR517mn (since acquisition in 1QFY24) and supported
consolidated growth

Indigo Paints Ltd. has gained 20.80% in the last 3 Months