NSE: INDIGOPNTS | BSE: 543258

Strong Performer, Getting Expensive

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1186.10 50.20 (4.42%)

67.52% Gain from 52W Low

148.8K NSE+BSE Volume

NSE 26 Aug, 2026 3:31 PM (IST)

5,661.6

Market Cap

Above industry Median

Beta 1Year

Very High Volatility

Dividend

Indigo Paints has an upcoming dividend of ₹5.000 per share due on 04 Sep 2026 See details

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.

14 Aug 2026

1186.10

4.42%

Growth accelerates; operating leverage drives margins

Buy: Indigo Paints Ltd.

Target

Motilal Oswal

Indigo Paints (INDIGOPN) reported standalone revenue growth of 19% YoY (on a flat base), with double-digit value and volume growth.

Indigo Paints Ltd. is trading above all available SMAs

Indigo Paints Ltd.

14 Aug 2026

1186.10

4.42%

Strategy of additional influencer investments driving market share gains

Buy: Indigo Paints Ltd.

Target

ICICI Securities Limited

We model Indigo Paints to maintain industry leading growth led by market share expansion in FY27-28 as Its strategy to increase trade spends will likely strengthen its position in the market. Its throughput-per-store is up 14.6% YoY.

Indigo Paints Ltd. has an average target of 1375.00 from 2 brokers.

Indigo Paints Ltd.

16 Feb 2026

1186.10

4.42%

Muted revenue delivery; beat on margins

buy: Indigo Paints Ltd.

Motilal Oswal

Indigo Paints (INDIGOPN) reported standalone sales growth of 3% YoY in 3QFY26 on a soft base (-4%). The sluggish revenue growth was attributed to muted demand in Oct’25, the impact of early Diwali, and the delayed monsoon.

Indigo Paints has gained 25.13% in the last 6 Months

Indigo Paints Ltd.

15 Feb 2026

1186.10

4.42%

Strong show by Apple Chemie drives market share gains

Buy: Indigo Paints Ltd.

Recommendation Target

ICICI Securities Limited

Indigo saw revenues growing 4.7% YoY on the back of Apple Chemie’s revenue expanding a strong 31.6% (construction chemicals and waterproofing).

Indigo Paints Ltd. is trading above all available SMAs

Indigo Paints Ltd.

08 Nov 2025

1186.10

4.42%

Recovery momentum building up; positive outlook for 2H

Buy: Indigo Paints Ltd.

Motilal Oswal

Indigo Paints (INDIGOPN) reported standalone sales growth of 3% YoY in 2QFY26 as demand was impacted by extended monsoon.

Number of FII/FPI investors decreased from 107 to 86 in Jun 2026 qtr

Indigo Paints Ltd.

08 Aug 2025

1186.10

4.42%

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 an average target of 1375.00 from 2 brokers.

Indigo Paints Ltd.

29 May 2025

1186.10

4.42%

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 an average target of 1375.00 from 2 brokers.

Indigo Paints Ltd.

28 May 2025

1186.10

4.42%