Indigo Paints Limited (NSE:INDIGOPNTS)

Indigo Paints Financials Overview

Financials in millions INR. Fiscal year is April - March.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue Revenue Growth	15,125	14,050	13,407	13,061	10,733	9,060
Revenue Growth	11.95%	4.80%	2.65%	21.68%	18.47%	25.25%
Gross Profit Gross Profit Growth	6,673	6,465	6,108	6,168	4,742	3,891
Operating Income Operating Income Growth	1,952	1,946	1,750	1,865	1,472	1,048
Net Income Net Income Growth	1,491	1,451	1,418	1,473	1,319	840.48
Earnings Per Share EPS Growth	31.18	30.34	29.68	30.87	27.67	17.63
EPS Growth	3.49%	2.22%	-3.85%	11.56%	56.95%	13.45%

Revenue by Geography

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Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
India India Growth	14,023	13,373	13,030	10,701	9,040
outside India outside India Growth	26.75	33.5	31.19	32.04	19.75
Total Total Growth	14,050	13,407	13,061	10,733	9,060

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Investments Cash & Investments Growth	3,226	3,320	2,632	1,996	1,805	2,727
Total Debt Total Debt Growth	250.64	211.31	272.7	210.29	118.55	124.36
Net Cash (Debt) Net Cash Growth	2,975	3,108	2,359	1,786	1,686	2,603
Net Cash Growth	27.04%	31.74%	32.10%	5.92%	-35.22%	-13.01%
Net Cash Per Share Net Cash Per Share Growth	62.21	65.01	49.40	37.42	35.36	54.58

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Operating Cash Flow Operating Cash Flow Growth	1,938	2,226	2,057	1,510	1,161	651.91
Capital Expenditures CapEx Growth	-1,083	-1,349	-1,362	-1,044	-1,993	-1,208
Free Cash Flow Free Cash Flow Growth	855.53	876.41	694.57	466.42	-831.44	-555.93
Free Cash Flow Growth	39.34%	26.18%	48.91%	-	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Gross Margin	44.12%	46.01%	45.56%	47.22%	44.18%	42.95%
Operating Margin	12.91%	13.85%	13.05%	14.28%	13.71%	11.57%
Pretax Margin	13.40%	14.13%	14.17%	15.20%	14.52%	12.62%
Profit Margin	9.86%	10.33%	10.57%	11.28%	12.29%	9.28%
FCF Margin	5.66%	6.24%	5.18%	3.57%	-7.75%	-6.14%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 12, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Dividend Per Share Dividend Per Share Growth	5.000	5.000	3.500	3.500	3.500	3.000
Dividend Per Share Growth	42.86%	42.86%	0%	0%	16.67%	-
Dividend Yield	0.51%	0.70%	0.37%	0.28%	0.35%	0.19%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov 12, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
PE Ratio	31.43	23.36	31.68	40.62	36.37	90.89
Forward PE	25.24	20.38	28.04	34.31	36.23	59.65
P/FCF Ratio	54.62	38.67	64.65	128.30	-	-
PS Ratio	3.09	2.41	3.35	4.58	4.47	8.43

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 10, 2026

Data Sources Report a data error