Indigo Paints Limited (INDIGOPNTS) - Net Assets
Based on the latest financial reports, Indigo Paints Limited (INDIGOPNTS) has net assets worth Rs10.67 Billion INR (≈ $115.39 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs14.70 Billion ≈ $158.98 Million USD) and total liabilities (Rs4.03 Billion ≈ $43.59 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Indigo Paints Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs10.67 Billion |
| % of Total Assets | 72.58% |
| Annual Growth Rate | 31.44% |
| 5-Year Change | 82.89% |
| 10-Year Change | N/A |
| Growth Volatility | 55.98 |
Indigo Paints Limited - Net Assets Trend (2017–2025)
This chart illustrates how Indigo Paints Limited's net assets have evolved over time, based on quarterly financial data. Also explore Indigo Paints Limited balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Indigo Paints Limited (2017–2025)
The table below shows the annual net assets of Indigo Paints Limited from 2017 to 2025. For live valuation and market cap data, see INDIGOPNTS market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs10.31 Billion ≈ $111.45 Million |
+14.24% |
| 2024-03-31 | Rs9.02 Billion ≈ $97.56 Million |
+16.24% |
| 2023-03-31 | Rs7.76 Billion ≈ $83.94 Million |
+19.43% |
| 2022-03-31 | Rs6.50 Billion ≈ $70.28 Million |
+15.33% |
| 2021-03-31 | Rs5.63 Billion ≈ $60.94 Million |
+185.96% |
| 2020-03-31 | Rs1.97 Billion ≈ $21.31 Million |
+33.63% |
| 2019-03-31 | Rs1.47 Billion ≈ $15.95 Million |
+15.69% |
| 2018-03-31 | Rs1.27 Billion ≈ $13.78 Million |
+10.20% |
| 2017-03-31 | Rs1.16 Billion ≈ $12.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Indigo Paints Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 602902440400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs5.78 Billion | 56.10% |
| Common Stock | Rs476.35 Million | 4.62% |
| Other Comprehensive Income | Rs35.78 Million | 0.35% |
| Other Components | Rs4.01 Billion | 38.93% |
| Total Equity | Rs10.31 Billion | 100.00% |
Indigo Paints Limited Competitors by Market Cap
The table below lists competitors of Indigo Paints Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AGI Greenpac Limited
NSE:AGI
|
$443.60 Million |
|
Qijing Machinery
SHG:603677
|
$443.61 Million |
|
Shenzhen Tongye Technology Co.Ltd.
SHE:300960
|
$443.66 Million |
|
Yeo Teknoloji Enerji ve Endustri AS
IS:YEOTK
|
$443.67 Million |
|
Nanhua Bio Medicine Co Ltd
SHE:000504
|
$443.33 Million |
|
PLAYWAY SA
WAR:PLW
|
$443.21 Million |
|
Lotte Non-Life
KO:000400
|
$443.05 Million |
|
British American Tobacco Malaysia Bhd
KLSE:4162
|
$443.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Indigo Paints Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,021,363,000 to 10,305,794,000, a change of 1,284,431,000 (14.2%).
- Net income of 1,417,589,000 contributed positively to equity growth.
- Dividend payments of 166,673,000 reduced retained earnings.
- New share issuances of 137,000 increased equity.
- Other comprehensive income increased equity by 18,780,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs1.42 Billion | +13.76% |
| Dividends Paid | Rs166.67 Million | -1.62% |
| Share Issuances | Rs137.00K | +0.0% |
| Other Comprehensive Income | Rs18.78 Million | +0.18% |
| Other Changes | Rs14.60 Million | +0.14% |
| Total Change | Rs- | 14.24% |
Book Value vs Market Value Analysis
This analysis compares Indigo Paints Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.97x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 33.22x to 3.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | Rs25.89 | Rs860.20 | x |
| 2018-03-31 | Rs28.53 | Rs860.20 | x |
| 2019-03-31 | Rs32.84 | Rs860.20 | x |
| 2020-03-31 | Rs43.24 | Rs860.20 | x |
| 2021-03-31 | Rs123.58 | Rs860.20 | x |
| 2022-03-31 | Rs136.28 | Rs860.20 | x |
| 2023-03-31 | Rs162.74 | Rs860.20 | x |
| 2024-03-31 | Rs189.03 | Rs860.20 | x |
| 2025-03-31 | Rs216.76 | Rs860.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Indigo Paints Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.76%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.57%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 1.37x
- Recent ROE (13.76%) is above the historical average (12.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -13.72% | -5.52% | 1.17x | 2.13x | Rs-274.35 Million |
| 2018 | 10.09% | 3.22% | 1.34x | 2.33x | Rs1.16 Million |
| 2019 | 18.22% | 5.04% | 1.43x | 2.53x | Rs121.24 Million |
| 2020 | 24.26% | 7.69% | 1.47x | 2.14x | Rs281.10 Million |
| 2021 | 12.57% | 9.84% | 0.89x | 1.44x | Rs145.01 Million |
| 2022 | 12.93% | 9.33% | 0.98x | 1.42x | Rs190.62 Million |
| 2023 | 17.00% | 12.29% | 1.01x | 1.37x | Rs543.27 Million |
| 2024 | 16.33% | 11.33% | 1.02x | 1.41x | Rs571.05 Million |
| 2025 | 13.76% | 10.57% | 0.95x | 1.37x | Rs387.01 Million |
Industry Comparison
This section compares Indigo Paints Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $8,233,598,031
- Average return on equity (ROE) among peers: 14.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Indigo Paints Limited (INDIGOPNTS) | Rs10.67 Billion | -13.72% | 0.38x | $443.51 Million |
| Aarti Industries Limited (AARTIIND) | $16.55 Billion | 20.11% | 1.65x | $1.99 Billion |
| Aarti Surfactants Limited (AARTISURF) | $1.11 Billion | 1.88% | 1.36x | $37.34 Million |
| ABM International Limited (ABMINTLLTD) | $161.33 Million | 4.08% | 2.02x | $4.23 Million |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $1.66 Billion | 30.02% | 1.39x | $420.87 Million |
| Aether Industries Limited (AETHER) | $22.26 Billion | 7.12% | 0.19x | $1.68 Billion |
| Akzo Nobel India Limited (AKZOINDIA) | $9.20 Billion | 20.25% | 0.96x | $1.45 Billion |
| Alkali Metals Limited (ALKALI) | $528.67 Million | 5.51% | 1.00x | $7.38 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $980.47 Million | 17.95% | 1.88x | $838.56 Million |
| Ami Organics Limited (AMIORG) | $576.82 Million | 32.06% | 1.70x | $1.18 Billion |
| Anupam Rasayan India Limited (ANURAS) | $29.31 Billion | 4.39% | 0.57x | $1.65 Billion |
About Indigo Paints Limited
Indigo Paints Limited manufactures and sells decorative paints in India and internationally. The company offers interior and exterior emulsions, enamels, putties and primers, and sleek wood coatings, as well as other products, including leakproof emulsions; aluminium paints, stone and tiles paints, roof paints, stainers, interior lustre finish under the Indigo brand. The company was incorporated … Read more