Indigo Paints shares: Hold Indigo Paints, target price Rs 1620: ICICI Securities

has retained a call on Indigo Paints with a target price of Rs 1620. The current market price is Rs 1586.25. The period given by the analyst is one year when the price of Indigo Paints Ltd. can achieve the set goal.

Indigo Paints Ltd., incorporated in 2000, is a small capitalization company (having a market capitalization of Rs 7558.95 Crore) operating in the building materials sector.

The main products/revenue segments of Indigo Paints Ltd. include paints, enamels, varnishes, other operating revenue and scrap metal for the year ending March 31, 2022.


For the quarter ended 30-06-2022, the company reported total standalone revenue of Rs 224.48 Crore, down -22.83% from last quarter, total revenue of Rs 290.88 Crore and up 41.14% compared to the same quarter last year. Total revenue of Rs 159.05 Crore. The company reported a net profit after tax of Rs 19.91 Crore last quarter.

Promoter/Fii Holdings
The promoters held 54.0% of the company’s capital as of June 30, 2022, while the FIIs held 9.08% and the DIIs 3.4%.

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