Hold Indigo Paints, target price Rs 1620: ICICI Securities

ICICI Securities has hold call on Indigo Paints with a target price of Rs 1620. The current market price of Indigo Paints Ltd. is Rs 1514.75.

Indigo Paints Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 7189.82 Crore) operating in Building Materials sector.

Indigo Paints Ltd. key Products/Revenue Segments include Paints, Enamels, Varnishes, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 224.48 Crore, down -22.83 % from last quarter Total Income of Rs 290.88 Crore and up 41.14 % from last year same quarter Total Income of Rs 159.05 Crore. Company reported net profit after tax of Rs 19.91 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 54.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 9.08 per cent, DIIs 3.4 per cent.