NSE: INDIGOPNTS | BSE: 543258

Expensive Performer

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997.00 -8.55 (-0.85%)

42.04% Fall from 52W High

29,459 NSE+BSE Volume

NSE 28 Apr, 2025 10:58 AM (IST)

4,749.2

Market Cap

Below industry Median

0.7

Beta 1Year

Very 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.

Indigo Paints Ltd.

23 May 2024

997.00

-0.85%

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. is trading below its 50 day SMA of 1030.3

Indigo Paints Ltd.

23 May 2024

997.00

-0.85%

Impressive market share gains as Strategy 2.0 execution in full flow

Hold: Indigo Paints Ltd.

Recommendation Target

ICICI Securities Limited

Indigo’s strategy 2.0 has continued to yield strong results with market share gains for straight fourth quarter.

Indigo Paints Ltd. has an average target of 1561.17 from 6 brokers.

Indigo Paints Ltd.

06 Nov 2023

997.00

-0.85%

Indigo Paints

Buy: Indigo Paints Ltd.

Sharekhan

Indigo Paints Ltd. is trading above its 30 day SMA of 995.0

Indigo Paints Ltd.

06 Nov 2023

997.00

-0.85%

Below our estimates, but better than peer trends resume

Buy: Indigo Paints Ltd.

Target

Motilal Oswal

Indigo Paints Ltd. is trading above its 30 day SMA of 995.0

Indigo Paints Ltd.

06 Nov 2023

997.00

-0.85%

Geographical expansion and good execution driving market share gains

Sell: Indigo Paints Ltd.

Target

ICICI Securities Limited

Indigo’s strategy 2.0 is resulting in industry-leading revenue growth and market share gains. While we are enthused by Indigo’s strong volume-led revenue growth across segments, we believe steep increase in tinting machines (18.1%YoY) is also one of the chief reasons for growth.

Indigo Paints Ltd.'s price crossed below 50Day SMA today

Indigo Paints Ltd.

08 Aug 2023

997.00

-0.85%

Indigo Paints

Buy: Indigo Paints Ltd.

Target

Sharekhan

Indigo Paints Ltd. is trading above its 30 day SMA of 995.0

Indigo Paints Ltd.

08 Aug 2023

997.00

-0.85%

Great execution prowess

Sell: Indigo Paints Ltd.

Target

ICICI Securities Limited

Indigo has been investing in strategy 2.0 (focus on 750 non-metro towns and higher investments in distribution and influencers) since Q1FY23. Benefits are visible now with >3x industry growth in Q1FY24 and likely market share gains across segments.

Indigo Paints Ltd.'s price crossed below 50Day SMA today

Indigo Paints Ltd.

29 May 2023

997.00

-0.85%

Indigo Paints

Buy: Indigo Paints Ltd.

Target

Sharekhan

Indigo Paints Ltd. is trading above its 30 day SMA of 995.0

Indigo Paints Ltd.

29 May 2023

997.00

-0.85%

Robust performance; demand momentum healthy

Buy: Indigo Paints Ltd.

Target

Motilal Oswal

Indigo Paints Ltd. is trading below its 50 day SMA of 1030.3

Indigo Paints Ltd.

28 May 2023, 12:00AM

997.00

-0.85%

Benefits due to strategy 2.0 in FY24 hold the key for rerating

Sell: Indigo Paints Ltd.

Recommendation Target

ICICI Securities Limited

There was sequential recovery in almost all segments of Indigo in Q4FY23 and Apr May’23 are also strong months. We attribute this improvement to likely success of ‘Strategy 2.0’ as tier 1 and 2 cities are growing at ~100% higher than tier 3 and 4 cities and rural markets.

Indigo Paints Ltd. has an average target of 1561.17 from 6 brokers.

VOTE: Is Indigo Paints Ltd. worth buying?

150 Votes:

Buy 84.0%

Sell 9.33%

Hold 6.67%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Buy SEE REPORTS >

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