Indigo Paints Share Price Target 2023, 2024, 2025 to 2030: Can INDIGOPNTS reach 5000 INR?

Indigo Paints, one of India’s leading paint companies, has been making waves in the market since its listing on the National Stock Exchange of India (NSE) in January 2021. With its impressive stock performance and consistent growth, many investors are curious about the future of Indigo Paints’ share price. 

In this article, we will explore the Indigo Paints share price target for the next seven years, from 2023 to 2030, and evaluate whether or not it is a good auto stock to buy. With a deep dive into the company’s financials, market position, and future plans, we aim to provide a comprehensive outlook on Indigo Paints’ future prospects and help you make informed investment decisions.

Stock history of Indigo Paints

Indigo Paints Limited was incorporated in the year 2000. The company has since established itself as a leading player in the decorative paint market in India, with a strong presence in both urban and rural areas. 

In January 2021, Indigo Paints made its debut on the National Stock Exchange of India (NSE) through an Initial Public Offering (IPO). The stock was oversubscribed by over 50 times, making it one of the most successful IPOs in recent times.

Since its listing, Indigo Paints’ share price has seen significant growth, outpacing the broader market. The company’s stock has been well received by investors, who have appreciated its strong financial performance, market leadership, and innovative product offerings. The strong financial performance has led to a bullish outlook on the company’s future prospects and has helped drive the stock price higher.

In conclusion, Indigo Paints has a rich history of growth and innovation, and its successful listing on the NSE has only added to its momentum. With a strong market position, solid financials, and a commitment to delivering innovative products, Indigo Paints is well-positioned for continued success in the future.

Latest news about Indigo Paints

➤ Indigo Paints’ Q2 results were brighter than those of larger competitors, but not sufficient enough to push up the company’s stock.

How to buy Indigo Paints shares?

You can buy Indigo Paints shares from the following trading platforms:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

Share Price Prediction of Indigo Paints: 2023 to 2030

Share Price Target 2023 of Indigo Paints

The Indigo Paints share price is expected to see significant growth in 2023, with a bullish outlook and an uptrend in its stock price. However, initial few months may be bearish. The maximum share price for the year is predicted to be ₹1,561.54 in December 2023, representing a growth of more than 100% from its minimum price of ₹715.52 in May 2023. The stock price is expected to remain relatively stable throughout the year, with only moderate fluctuations between the minimum and maximum price predictions.

Overall, the Indigo Paints share price target for 2023 is optimistic, with a projected growth of up to 74% from its minimum price in May 2023 to its maximum price in December 2023. Nevertheless, the bullish outlook and uptrend in the Indigo Paints share price make it a stock to watch in 2023.

Indigo Paints Share Price Target 2024

The Indigo Paints share price is expected to see continued growth in 2024, with a bullish outlook and an uptrend in its stock price. The maximum price for the year is poredicted to be ₹2,186.23 in December 2024, representing a growth of more than 90% from its minimum price of ₹1,132.92 in May 2024. 

The Indigo Paints share price target for 2024 is optimistic, with a projected growth of up to 94% from its minimum price in May 2024 to its maximum price in December 2024.

This continued growth in the share price makes 2024 another potentially good year for investors looking to buy into the stock, with strong potential for long-term returns. 

Indigo Paints Share Price Target 2025

The share price of Indigo Paints is expected to show growth in 2025 with a maximum price prediction of ₹2,651.93 and a minimum price prediction of ₹2,039.95. The stock is expected to be bullish in the upcoming year with an uptrend in the share price. The predicted maximum and minimum prices for the year show a growth percentage of around 15% to 20%.

As the economy starts to recover, the demand for the paint industry is also expected to rise, providing a positive outlook for Indigo Paints share price.

Finally, the share price of Indigo Paints is expected to be in an uptrend in 2025, making it a good investment opportunity for investors.

Indigo Paints Share Price Prediction 2026-2030

The share price of Indigo Paints has seen a steady growth from 2023 to 2025, with the maximum share price reaching up to ₹2,651.93 and a minimum of ₹615.52. However, in the year 2026, there is a dip in the share price with the maximum being ₹1,856.35 and the minimum being ₹1,299.45.

The next few years see a steady growth, with the minimum share price reaching ₹1,104.53 in 2027 and the maximum price reaching ₹2,840.22 in 2028. In the year 2029, there is a significant surge in the share price with the maximum price reaching ₹5,834.25 and the minimum being ₹4,083.97.

Lastly, in 2030, the maximum share price target is ₹6,497.23 and the minimum is ₹4,548.06.

Overall, the Indigo Paints share price shows a bullish trend, with an uptrend and growth in the price over the years 2026 to 2030.

Financial Condition of Indigo Paints: Last 5 years

Indigo Paints has shown impressive growth over the past five years, with a steady increase in sales, revenue, and operating profit. In the year ending March 2022, the company recorded a sales figure of ₹905.97 crores, which was an increase of 26.82% from the previous year. This led to a growth in operating profit, which was recorded at ₹136.05 crores, a significant increase from ₹54.21 crores in the previous year. 

Additionally, the company also saw a growth in other income, which was recorded at ₹10.83 crores, a 9.07% increase from the previous year. Despite an increase in expenses, including depreciation and interest, the company’s profit before tax stood at ₹114.30 crores, a 17.22% increase from the previous year. 

The company’s net profit, which is the profit after tax, stood at ₹84.05 crores, representing a growth of 36.94% from the previous year. The earnings per share (EPS) of the company were recorded at ₹17.66, an increase of 8.76% from the previous year. The company’s price to earnings ratio saw a fluctuation over the past five years, with a maximum of 160.96 and a minimum of 90.94. 

The company’s dividend payout has also increased over the years, with a maximum of 16.98% in the year ending March 2022. The company’s operating profit margin (OPM) saw an increase over the years, with a maximum of 16.94% in the year ending March 2021 and a minimum of 5.82% in the year ending March 2018. 

In conclusion, Indigo Paints has shown impressive growth in terms of revenue, profit, and earnings per share, and has been successful in increasing its dividend payout and operating profit margin.

Indigo Paints share price target by Experts

Indigo Paints share price target by Sharekhan

Sharekhan is positive on Indigo Paints and has suggested a purchase rating on the stock with a target cost of Rs 2250.

Indigo Paints share price target by Prabhudas Lilladher

Prabhudas Lilladher has given a buy recommendation for Asian Paints with a projected price of Rs 3850.

Indigo Paints share price target by ICICI Securities

ICICI Securities feel bearish about the company, and suggests a decrease in the target price of Indigo Paints to Rs 980.

FAQS

Will the share price of Indigo Paints increase in 2023?

It is anticipated that Indigo Paints per share price will increase to ₹1,561.54 by the end of 2023. This makes 2023 a potentially good year for investors looking to buy into the stock, with strong potential for long-term returns. 

What is the Indigo Paints’ share price target for 2025?

The share price target of Indigo Paints for 2025 might be around ₹2,651.93.

What is the Indigo Paints’ share price target for 2030?

The share price of Indigo Paints might reach around ₹6,497.23 by the end of 2030.

Can Indigo Paints Share price reach 5000 INR?

Indigo Paints have all the potential to touch 5000INR. Indigo Paints is expected to reach ₹5,000 somewhere in 2029.

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Conclusion

In conclusion, based on the financial performance of Indigo Paints over the last five years, the company has shown steady growth in terms of its revenue, profit, and PAT.

The revenue growth has been consistent, and the profit margins have also improved significantly. The maximum and minimum share price targets for the period 2023 to 2030 have also shown a positive outlook. 

With the company’s increasing focus on expanding its product portfolio and entering new markets, it’s growth prospects seem bright.

Paints industry as a whole have corrected by 20-30% which makes it a good time to start investing in Indigo Paints shares.

Based on this analysis, it can be concluded that Indigo Paints shares could be a good investment opportunity for those looking to capitalize on the growth potential of the company. However, before taking your bet on Indigo Paints, it is better to first buy Asian paints.

Compared to Berger paints marketcap and share price, and their earnings, Indigo paints is cheap and is a better buy at this point.

Before making any investment in Indigo Paints or any shares, always advisable to consult a financial expert before making any investment decisions. 

Disclaimer: This article on “Indigo Share Price Target 2023 to 2030” is just for educational analysis and not a financial advice by any means.

Author: Neha BhardwajHello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.