Moneycontrol PRO
Sansaar
HomeNewsBusinessEarningsBuy Indigo Paints; target of Rs 1400: Motilal Oswal

Buy Indigo Paints; target of Rs 1400: Motilal Oswal

Motilal Oswal is bullish on Indigo Paints has recommended buy rating on the stock with a target price of Rs 1400 in its research report dated August 08, 2025.

August 11, 2025 / 13:30 IST
BUY
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Motilal Oswal's research report on Indigo Paints

    Indigo Paints’ (INDIGOPN) standalone sales were flat YoY in 1QFY26 due to consistent demand headwinds and the early onset of monsoon. Apple Chemie’s (subsidiary) sales declined 18% YoY. Consolidated sales declined 1% YoY to INR3.1b (below). Management indicated that while the first half of the quarter saw a healthy offtake, the early onset of monsoon, especially in East and South, dented 1Q’s performance. However, July saw an improvement in demand, and management expects this growth momentum to sustain, anticipating a healthy pent-up demand in 2HFY26. The company indicated that it does not anticipate any significant competitive intensity in the near term. We model a CAGR of 14%/16% in revenue/EBITDA in FY26-28E.

    Outlook

    We reiterate our BUY rating with a revised TP of INR1,400 (premised on 35x Jun’27E EPS).

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Indigo Paints_11082025_Motilal Oswal

    Broker Research
    first published: Aug 11, 2025 01:30 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347