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18 May 2025 |
Indigo Paints
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Consensus Share Price Target
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1028.20 |
1372.25 |
- |
33.46 |
buy
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19 Jan 2021
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Indigo Paints
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ICICI Securities Limited
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1028.20
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IPO Note
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Indigo was the first company to launch differentiated paint products and has enjoyed the first mover advantage. The revenue from premium products categories have registered CAGR of 30% in FY18-20, while the revenue contribution from the same has increased from 26.7% in FY18 to 28.6% by FY20. These products command superior EBITDA margin (~10 percent points higher than normal products) and company is planning to increase...
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