Sharekhan's research report on Indigo Paints
Indigo Paints Limited’s (IPL’s) Q4FY25 performance continued to be hit by sluggishness in the paints industry. Consolidated revenues grew by 0.7% y-o-y, OPM rose 58 bps y-o-y to 22.6% and PAT grew 5.4% y-o-y. Demand recovered gradually in Q4FY25, with further improvement expected in Q1FY26. Management expects demand to normalise and return to historical growth rates by Q2FY26. OPM is expected to improve in FY26 driven by demand recovery, lower raw material prices and favourable product mix. Apple Chemie’s margins likely to improve led by better product mix and focus on select geographies.
Outlook
Stock trades at 32x/27x its FY26E/FY27E earnings, respectively. We maintain a Buy rating with a revised PT of Rs. 1,234.
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.
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
