Indigo Paints (INDIGOPNTS)

FairStock Score: 35/100 — MIXED

Score breakdown: P/E: 1/3 · ROCE: 1/2 · Growth: 1/2 · Dividend: 0/1

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Mr. Market is asking ₹1,148.70 for Indigo Paints, valuing the business at ₹5,483 Cr. On book value of ₹242.13, that is 4.74 times, and 37.87 times earnings. As a Graham man, I ask what I am getting. The balance sheet is conservative—debt/equity just 0.02—and returns are respectable, with ROE 15.22% and ROCE 19.51%. The latest quarter produced ₹339 Cr sales and ₹36 Cr net profit, while trailing growth is eye-catching: sales up 23%, profit up 60.9%. Promoters hold 53.88%, aligning them with shareholders. Piotroski F-Score 7/9 suggests improving fundamentals. But the five-year revenue CAGR is only 12.96%, so the recent burst may not be the long-term norm. At 37.87 times earnings and PEG 4.25, the price already assumes a lot. Dividend yield is just 0.44%, so little cash return while waiting. FairStock Score 35/100 mixed confirms this is not a screaming bargain. The low debt ratio is a genuine comfort, but it does not by itself make the shares cheap. I prefer wonderful businesses at fair prices, but this looks like a good business at a demanding price. If profit growth slows toward its five-year revenue trend, multiple compression could hurt. The 52-week range ₹708.05–₹1,345.90 shows market mood swings. I would watch debt staying low, ROCE above 20%, profit growth sustainability, and promoter holding. For a value investor, patience and a margin of safety matter; I'd wait for a wider discount.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer