NSE: INDIGOPNTS | BSE: 543258

Mid-range Performer

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1039.00 18.90 (1.85%)

39.60% Fall from 52W High

14,886 NSE+BSE Volume

NSE 21 Oct, 2025 3:31 PM (IST)

4,953.5

Market Cap

Below industry Median

0.8

Beta 1Year

Low volatility

Indigo Paints Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for INDIGOPNTS, BSE:543258 Indigo Paints Ltd.

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Indigo Paints Ltd.

08 Aug 2025

1039.00

1.85%

Weak print; all eyes on demand recovery in festive period

Buy: Indigo Paints Ltd.

Target

Motilal Oswal

Indigo Paints’ (INDIGOPN) standalone sales were flat YoY in 1QFY26 due to consistent demand headwinds and the early onset of monsoon. Apple Chemie’s (subsidiary) sales declined 18% YoY.

Indigo Paints Ltd. has lost -37.19% in the last 1 Year

Indigo Paints Ltd.

29 May 2025

1039.00

1.85%

Soft Q4; recovery to be gradual

Buy: Indigo Paints Ltd.

Target

Sharekhan

IPL’s Q4FY25 numbers were muted as sluggishness in the paints industry continued to impact performance. Consolidated revenues grew 0.7% y-o-y to Rs. 388 crore (versus our expectation of Rs. 389 crore).

Indigo Paints Ltd. has lost -37.19% in the last 1 Year

Indigo Paints Ltd.

28 May 2025

1039.00

1.85%

Indigo Paints Ltd.

Neutral: Indigo Paints Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q4FY25

Indigo Paints Ltd. is trading below all available SMAs

Indigo Paints Ltd.

26 May 2025

1039.00

1.85%

Growth pressure persists; demand green shoots visible

Buy: Indigo Paints Ltd.

Target

Motilal Oswal

Indigo Paints (INDIGOPN)’s standalone sales were flat YoY in 4QFY25 due to consistent demand headwinds. The paint industry saw a 1% YoY decline in 4Q. Apple Chemie (subsidiary) sales grew 8% YoY. Consolidated sales inched up 1% YoY to INR3.9b (in line).

Indigo Paints Ltd. has lost -37.19% in the last 1 Year

Indigo Paints Ltd.

14 Feb 2025

1039.00

1.85%

Indigo Paints Ltd.

Neutral: Indigo Paints Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q3FY25

Indigo Paints Ltd. has lost -37.19% in the last 1 Year

Indigo Paints Ltd.

10 Feb 2025

1039.00

1.85%

Miss on revenue; demand pick up a key monitorable

Buy: Indigo Paints Ltd.

Target

Motilal Oswal

Indigo Paints (INDIGOPN)’s standalone sales declined 4% YoY in 3QFY25 due to consistent pressure on demand. The paint industry dipped 4% YoY in 3Q. Apple Chemie (subsidiary) clocked a robust sales growth of 21% YoY.

Indigo Paints Ltd. is trading below all available SMAs

Indigo Paints Ltd.

13 Nov 2024

1039.00

1.85%

Muted industry dynamics led to lower growth for H1, while relative outperformance continued

Hold: Indigo Paints Ltd.

Asit C Mehta Investment Interrmediates

Indigo Paints reported revenue of Rs 2,995 mn in the quarter, a growth of 7.4% YoY, but a
decline of 3.7% QoQ.

Indigo Paints Ltd. is trading below all available SMAs

Indigo Paints Ltd.

12 Nov 2024

1039.00

1.85%

Indigo Paints Ltd.

Neutral: Indigo Paints Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q2FY25

Indigo Paints Ltd. is trading below all available SMAs

Indigo Paints Ltd.

09 Nov 2024

1039.00

1.85%

In-line revenue; watchful for demand pickup in 2HFY25

Buy: Indigo Paints Ltd.

Target

Motilal Oswal

Indigo Paints’ (INDIGOPN) standalone sales growth stood at 7% YoY in 2QFY25 (6% in 1QFY25, 18% in FY24) due to subdued industry demand (1% down in 1HFY25).