Financials Indigo Paints Limited Bombay S.E.

Equities

INDIGOPNTS

INE09VQ01012

Commodity Chemicals

Market Closed - Bombay S.E. 06:00:49 2024-05-03 EDT 5-day change 1st Jan Change
1,378 INR -0.09% Intraday chart for Indigo Paints Limited +3.98% -7.40%

Valuation

Fiscal Period: März 2021 2022 2023 2024 2025 2026
Capitalization 1 113,968 76,389 47,986 65,726 - -
Enterprise Value (EV) 1 110,976 73,786 46,181 64,393 63,913 63,032
P/E ratio 154 x 91.1 x 36.4 x 43.1 x 36.8 x 31.3 x
Yield - 0.19% 0.35% 0.3% 0.46% 0.6%
Capitalization / Revenue 15.8 x 8.43 x 4.47 x 5.03 x 4.2 x 3.58 x
EV / Revenue 15.3 x 8.14 x 4.3 x 4.93 x 4.09 x 3.43 x
EV / EBITDA 90.6 x 54.3 x 25.4 x 27.1 x 22.4 x 19.2 x
EV / FCF 201 x -133 x -55.5 x 58.2 x 51.8 x 31.4 x
FCF Yield 0.5% -0.75% -1.8% 1.72% 1.93% 3.19%
Price to Book 20.2 x 11.8 x 6.18 x 7.24 x 6.23 x 5.35 x
Nbr of stocks (in thousands) 47,569 47,569 47,588 47,621 - -
Reference price 2 2,396 1,606 1,008 1,380 1,380 1,380
Announcement Date 21-05-14 22-05-20 23-05-26 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026
Net sales 1 62,641 7,233 9,060 10,733 13,071 15,644 18,367
EBITDA 1 - 1,225 1,360 1,815 2,379 2,859 3,283
EBIT 1 - 981.3 1,047 1,472 1,949 2,296 2,778
Operating Margin - 13.57% 11.56% 13.71% 14.91% 14.68% 15.12%
Earnings before Tax (EBT) 1 - 979.1 1,143 1,559 2,003 2,415 2,871
Net income 1 - 708.5 840.5 1,319 1,498 1,831 2,124
Net margin - 9.8% 9.28% 12.29% 11.46% 11.7% 11.57%
EPS 2 - 15.54 17.63 27.67 32.03 37.50 44.08
Free Cash Flow 1 - 553.1 -555.9 -831.4 1,106 1,234 2,010
FCF margin - 7.65% -6.14% -7.75% 8.46% 7.89% 10.94%
FCF Conversion (EBITDA) - 45.14% - - 46.48% 43.16% 61.23%
FCF Conversion (Net income) - 78.06% - - 73.84% 67.39% 94.61%
Dividend per Share 2 - - 3.000 3.500 4.175 6.340 8.300
Announcement Date 20-07-03 21-05-14 22-05-20 23-05-26 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4
Net sales 1 - 1,961 2,655 2,884 2,240 2,426 2,813 3,255 2,884 2,888 5,674 3,390 3,870
EBITDA 1 - 233.8 386.8 537.7 352.8 337.7 405.6 717.3 491.1 493.6 - 607.6 855.4
EBIT 1 - - - - - - 318.5 - 390.1 408 - 546 715
Operating Margin - - - - - - 11.32% - 13.53% 14.13% - 16.11% 18.48%
Earnings before Tax (EBT) 1 - - 328.3 474.2 - - 353.3 654.3 423.4 434 - 530.3 770
Net income 1 116.1 135.5 243 345.9 199.1 370.9 262.6 486.8 310.4 315.5 - 389.2 548.4
Net margin - 6.91% 9.16% 11.99% 8.89% 15.29% 9.34% 14.96% 10.76% 10.92% - 11.48% 14.17%
EPS 2.440 - - 7.260 - - 5.500 10.22 - 6.800 - 9.100 11.50
Dividend per Share - - - - - - - - - - - - -
Announcement Date 21-08-06 21-10-29 22-02-11 22-05-20 22-08-05 22-11-03 23-02-10 23-05-26 23-08-07 - 23-11-03 - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 - 2,992 2,603 1,805 1,333 1,813 2,694
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 553 -556 -831 1,106 1,234 2,010
ROE (net income / shareholders' equity) - 18.6% 13.9% 18.5% 18% 18.4% 18.8%
ROA (Net income/ Total Assets) - - 9.71% 13.3% 12.1% 12.5% 12%
Assets 1 - - 8,655 9,908 12,379 14,648 17,704
Book Value Per Share 2 - 118.0 137.0 163.0 191.0 222.0 258.0
Cash Flow per Share - - - - - - -
Capex 1 - 660 1,208 1,993 746 627 521
Capex / Sales - 9.13% 13.33% 18.56% 5.71% 4.01% 2.84%
Announcement Date 20-07-03 21-05-14 22-05-20 23-05-26 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
1,380 INR
Average target price
1,619 INR
Spread / Average Target
+17.30%
Consensus