Add Indigo Paints, target price Rs 1,370: ICICI Securities
add call on Indigo Paints with a target price of Rs 1370. The current market price of Indigo Paints is Rs 1113.3. Indigo Paints, incorporated in 2000, is a Small Cap company with a market cap of Rs 5261.73 crore, operating in Building Materials sector.
Indigo Paints' key products/revenue segments include Paints, Enamels, Varnishes, Other Operating Revenue and Scrap for the year ending 31-Mar-2024.
Financials For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 345.76 crore, up 13.50% from last quarter Total Income of Rs 304.65 crore and down -3.10% from last year same quarter Total Income of Rs 356.83 crore. The company has reported net profit after tax of Rs 35.85 crore in the latest quarter.
The company?s top management includes Mr.Hemant Kamala Jalan, Mr.Narayanankutty Kottiedath Venugopal, Mr.Parag Hemant Jalan, Mr.Sunil Badriprasad Goyal, Mr.Praveen Kumar Ramniranjan Tripathi, Mr.Ravi Nigam, Ms.Ashwini Deshpande, Mrs.Sakshi Vijay Chopra. Company has SRBC & Co LLP as its auditors. As on 31-12-2024, the company has a total of 5 crore shares outstanding.
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