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INDG – Indigo Paints Ltd


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Recommendation Rating







1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 23.95

Low: 19.24

High: 30.28

Total Analysts: 6

Company Profile

Indigo Paints Limited is a paint manufacturing company. The Company is engaged in manufacture and sale of decorative paints and operates with its manufacturing facilities in Jodhpur (Rajasthan), Kochi (Kerala) and Pudukkottai (Tamil Nadu). Its product offerings include emulsions, enamels, wood coatings, distempers, primers, putties and cement paints. It introduced category-creator products, including metallic emulsions, tile coat emulsions, bright ceiling coat emulsions and floor coat emulsions in the decorative paint market in India. It offers various other types of emulsion paints, such as the dirtproof and waterproof exterior laminate, exterior and interior acrylic laminate and enamels, such as polyurethane (PU) super gloss enamel. It also offers aluminum paints to paint surfaces of storage tanks, metal pipes, and metal roofs. The Company’s products are sold under only one brand name, Indigo, and classified based on price points as platinum, gold, silver, and bronze series.

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