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