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- INDIGO PAINTS - ASIAN PAINTS
INDIGO PAINTS vs ASIAN PAINTS - Comparison Results
Current Valuations
| INDIGO PAINTS | ASIAN PAINTS | INDIGO PAINTS/ ASIAN PAINTS |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 43.7 | 50.1 | 87.3% | View Chart |
| P/BV | x | 8.2 | 17.0 | 48.1% | View Chart |
| Dividend Yield | % | 0.3 | 0.9 | 29.4% |
Financials
 INDIGO PAINTS  ASIAN PAINTS |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| INDIGO PAINTS Mar-23 |
ASIAN PAINTS Mar-23 |
INDIGO PAINTS/ ASIAN PAINTS |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 1,742 | 3,590 | 48.5% | |
| Low | Rs | 981 | 2,560 | 38.3% | |
| Sales per share (Unadj.) | Rs | 225.5 | 359.6 | 62.7% | |
| Earnings per share (Unadj.) | Rs | 27.7 | 43.7 | 63.4% | |
| Cash flow per share (Unadj.) | Rs | 34.9 | 52.7 | 66.3% | |
| Dividends per share (Unadj.) | Rs | 3.50 | 25.65 | 13.6% | |
| Avg Dividend yield | % | 0.3 | 0.8 | 30.8% | |
| Book value per share (Unadj.) | Rs | 161.0 | 166.4 | 96.7% | |
| Shares outstanding (eoy) | m | 47.59 | 959.20 | 5.0% | |
| Bonus / Rights / Conversions | 0 | 0 | - | ||
| Price / Sales ratio | x | 6.0 | 8.6 | 70.6% | |
| Avg P/E ratio | x | 49.1 | 70.3 | 69.9% | |
| P/CF ratio (eoy) | x | 39.0 | 58.4 | 66.8% | |
| Price / Book Value ratio | x | 8.5 | 18.5 | 45.8% | |
| Dividend payout | % | 12.6 | 58.6 | 21.5% | |
| Avg Mkt Cap | Rs m | 64,799 | 2,949,653 | 2.2% | |
| No. of employees | `000 | NA | NA | - | |
| Total wages/salary | Rs m | 731 | 20,281 | 3.6% | |
| Avg. sales/employee | Rs Th | 0 | 0 | - | |
| Avg. wages/employee | Rs Th | 0 | 0 | - | |
| Avg. net profit/employee | Rs Th | 0 | 0 | - | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 10,733 | 344,886 | 3.1% | |
| Other income | Rs m | 101 | 3,865 | 2.6% | |
| Total revenues | Rs m | 10,834 | 348,751 | 3.1% | |
| Gross profit | Rs m | 1,815 | 63,048 | 2.9% | |
| Depreciation | Rs m | 343 | 8,580 | 4.0% | |
| Interest | Rs m | 14 | 1,445 | 1.0% | |
| Profit before tax | Rs m | 1,559 | 56,888 | 2.7% | |
| Minority Interest | Rs m | 0 | 0 | - | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 239 | 14,935 | 1.6% | |
| Profit after tax | Rs m | 1,319 | 41,953 | 3.1% | |
| Gross profit margin | % | 16.9 | 18.3 | 92.5% | |
| Effective tax rate | % | 15.4 | 26.3 | 58.5% | |
| Net profit margin | % | 12.3 | 12.2 | 101.1% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 5,187 | 165,352 | 3.1% | |
| Current liabilities | Rs m | 2,641 | 78,959 | 3.3% | |
| Net working cap to sales | % | 23.7 | 25.0 | 94.7% | |
| Current ratio | x | 2.0 | 2.1 | 93.8% | |
| Inventory Days | Days | 54 | 55 | 99.1% | |
| Debtors Days | Days | 680 | 5 | 13,866.8% | |
| Net fixed assets | Rs m | 5,429 | 92,442 | 5.9% | |
| Share capital | Rs m | 476 | 959 | 49.6% | |
| "Free" reserves | Rs m | 7,187 | 158,695 | 4.5% | |
| Net worth | Rs m | 7,663 | 159,655 | 4.8% | |
| Long term debt | Rs m | 0 | 762 | 0.0% | |
| Total assets | Rs m | 10,616 | 257,793 | 4.1% | |
| Interest coverage | x | 114.3 | 40.4 | 283.0% | |
| Debt to equity ratio | x | 0 | 0 | 0.0% | |
| Sales to assets ratio | x | 1.0 | 1.3 | 75.6% | |
| Return on assets | % | 12.6 | 16.8 | 74.6% | |
| Return on equity | % | 17.2 | 26.3 | 65.5% | |
| Return on capital | % | 20.5 | 36.4 | 56.4% | |
| Exports to sales | % | 0 | 0.5 | 0.0% | |
| Imports to sales | % | 4.0 | 12.8 | 31.3% | |
| Exports (fob) | Rs m | NA | 1,893 | 0.0% | |
| Imports (cif) | Rs m | 431 | 44,244 | 1.0% | |
| Fx inflow | Rs m | 0 | 1,893 | 0.0% | |
| Fx outflow | Rs m | 431 | 44,244 | 1.0% | |
| Net fx | Rs m | -431 | -42,352 | 1.0% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 1,161 | 41,934 | 2.8% | |
| From Investments | Rs m | -844 | -12,746 | 6.6% | |
| From Financial Activity | Rs m | -201 | -21,401 | 0.9% | |
| Net Cashflow | Rs m | 116 | 7,710 | 1.5% | |
Share Holding
| Indian Promoters | % | 53.9 | 52.6 | 102.5% | |
| Foreign collaborators | % | 0.0 | 0.0 | - | |
| Indian inst/Mut Fund | % | 10.5 | 27.9 | 37.8% | |
| FIIs | % | 8.8 | 17.3 | 50.6% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 46.1 | 47.4 | 97.2% | |
| Shareholders | 140,003 | 975,319 | 14.4% | ||
| Pledged promoter(s) holding | % | 0.0 | 6.6 | - |
Compare INDIGO PAINTS With: BERGER PAINTS AKZO NOBEL SHALIMAR PAINTS KANSAI NEROLAC
More on INDIGO PAINTS vs Asian Paints
No comparison is complete without understanding how the stock prices have performed over a period of time.
Here's a brief comparison:
INDIGO PAINTS vs Asian Paints Share Price Performance
| Period | INDIGO PAINTS | Asian Paints |
|---|---|---|
| 1-Day | -1.09% | -0.65% |
| 1-Month | -1.77% | -0.87% |
| 1-Year | 22.20% | -0.62% |
| 3-Year CAGR | -17.26% | 1.95% |
| 5-Year CAGR | -15.89% | 14.18% |
* Compound Annual Growth Rate
Here are more details on the INDIGO PAINTS share price and the Asian Paints share price.
Moving on to shareholding structures...
The promoters of INDIGO PAINTS hold a 53.9% stake in the company. In case of Asian Paints the stake stands at 52.6%.
To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of INDIGO PAINTS and the shareholding pattern of Asian Paints.
Finally, a word on dividends...
In the most recent financial year, INDIGO PAINTS paid a dividend of Rs 3.5 per share. This amounted to a Dividend Payout ratio of 12.6%.
Asian Paints paid Rs 25.7, and its dividend payout ratio stood at 58.6%.
You may visit here to review the dividend history of INDIGO PAINTS, and the dividend history of Asian Paints.
For a sector overview, read our paints sector report.
Today's Market
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After opening the negative note, Indian share markets Slipped further as the session progressed and ended the day weak.
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