Integrated Filing — IndAS



General information about company
Scrip Code 543258
NSE Symbol INDIGOPNTS
MSEI Symbol NOTLISTED
ISIN INE09VQ01012
Name of company Indigo Paints Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 24-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 23-Apr-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Paints
Start date and time of board meeting 24-May-2025   16:10:00
End date and time of board meeting 24-May-2025   18:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2025-05-24
Indicate Company website link for updated RPT policy of the Company https://indigopaints.com/investors/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 3672183000 12771920000
Other income 55741000 174615000
Total income 3727924000 12946535000
2 Expenses
(a) Cost of materials consumed 1789738000 6486385000
(b) Purchases of stock-in-trade 78728000 318158000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 61997000 26428000
(d) Employee benefit expense 233273000 1042723000
(e) Finance costs 14237000 29597000
(f) Depreciation, depletion and amortisation expense 120652000 538393000
(f) Other Expenses
1 Consumption of stores and spares 8803000 44115000
2 Contract labour charges 29617000 122692000
3 Power and fuel 18301000 72972000
4 Freight and forwarding charges 291626000 1115656000
5 Lease rent 0 0
6 Rates and taxes 1404000 8158000
7 Repairs and maintenance 16633000 60305000
8 Advertisement and sales promotion 184122000 819909000
9 Travelling and conveyance 48065000 185740000
10 Other 51029000 152963000
Total other expenses 649600000 2582510000
Total expenses 2948225000 11024194000
3 Total profit before exceptional items and tax 779699000 1922341000
4 Exceptional items 0 0
5 Total profit before tax 779699000 1922341000
6 Tax expense
7 Current tax 170120000 432188000
8 Deferred tax 40567000 50729000
9 Total tax expenses 210687000 482917000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 569012000 1439424000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 569012000 1439424000
17 Other comprehensive income net of taxes -1799000 -2300000
18 Total Comprehensive Income for the period 567213000 1437124000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 476347000 476347000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 10005020000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 11.94 30.22
Diluted earnings (loss) per share from continuing operations 11.92 30.14
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 11.94 30.22
Diluted earnings (loss) per share from continuing and discontinued operations 11.92 30.14
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 4331985000
Capital work-in-progress 1348530000
Investment property
Goodwill 305520000
Other intangible assets 9156000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0
Trade receivables, non-current
Loans, non-current 0
Other non-current financial assets 328919000
Total non-current financial assets 328919000
Deferred tax assets (net)
Other non-current assets 790750000
Total non-current assets 7114860000
2 Current assets
Inventories 1491284000
Current financial asset
Current investments 2160240000
Trade receivables, current 2199220000
Cash and cash equivalents 370875000
Bank balance other than cash and cash equivalents 87000
Loans, current 0
Other current financial assets 2703000
Total current financial assets 4733125000
Current tax assets (net)
Other current assets 238453000
Total current assets 6462862000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 13577722000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 476347000
Other equity 10005020000
Total equity attributable to owners of parent 10481367000
Non controlling interest
Total equity 10481367000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 135112000
Total non-current financial liabilities 135112000
Provisions, non-current 0
Deferred tax liabilities (net) 182984000
Deferred government grants, Non-current
Other non-current liabilities 83441000
Total non-current liabilities 401537000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 246132000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1406802000
Total Trade payable 1652934000
Other current financial liabilities 332640000
Total current financial liabilities 1985574000
Other current liabilities 570950000
Provisions, current 11712000
Current tax liabilities (Net) 126582000
Deferred government grants, Current
Total current liabilities 2694818000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 3096355000
Total equity and liabilites 13577722000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gain/(loss) on defined benefit plans -2405000 -3074000
Total Amount of items that will not be reclassified to profit and loss -2405000 -3074000
2 Income tax relating to items that will not be reclassified to profit or loss -606000 -774000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income -1799000 -2300000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1922341000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 29597000
Adjustments for decrease (increase) in inventories 170740000
Adjustments for decrease (increase) in trade receivables, current -162657000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 156749000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current -2368000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -558742000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 538393000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -50149000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 423604000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 2509000
Adjustments for share-based payments 60101000
Adjustments for fair value losses (gains) -164066000
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 1061000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 439754000
Net cash flows from (used in) operations 2362095000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 312555000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 2049540000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 2991000
Other cash receipts from sales of equity or debt instruments of other entities 240152000
Other cash payments to acquire equity or debt instruments of other entities 660001000
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 1574000
Purchase of property, plant and equipment 1331583000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 2427000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -1750422000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 137000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 0
Payments of lease liabilities 67903000
Dividends paid 166673000
Interest paid 20306000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -254745000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 44373000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 44373000
Cash and cash equivalents cash flow statement at beginning of period 326502000
Cash and cash equivalents cash flow statement at end of period 370875000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Price Waterhouse Chartered Accountants LLP Yes 30-Nov-2026


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Indigo Paints Limited Mr. Hemant Kamala Jalan Managing Director, KMP Remuneration 41400000 Prior Approval for F.Y. 2024-25 18000000 2810000 2810000
2 Indigo Paints Limited Mr. Narayanankutty Kottiedath Venugopal Director Remuneration 24500000 Prior Approval for F.Y. 2024-25 9000000 840000 838000
3 Indigo Paints Limited Mr. Sunil Badriprasad Goyal Director Any other transaction Sitting Fees & Commission 2300000 Prior Approval for F.Y. 2024-25 1000000 450000 0
4 Indigo Paints Limited Mr. Praveen Kumar Ramniranjan Tripathi Director Any other transaction Sitting Fees & Commission 2300000 Prior Approval for F.Y. 2024-25 1000000 450000 0
5 Indigo Paints Limited Mr. Ravi Nigam Director Any other transaction Sitting Fees & Commission 2300000 Prior Approval for F.Y. 2024-25 1000000 450000 0
6 Indigo Paints Limited Ms. Ashwini Deshpande Director Any other transaction Sitting Fees & Commission 2300000 Prior Approval for F.Y. 2024-25 1000000 450000 0
7 Indigo Paints Limited Mr. Chetan Bhalchandra Humane Chief Financial Officer Remuneration 8499000 Prior Approval for F.Y. 2024-25 2943000 296000 296000
8 Indigo Paints Limited Ms. Dayeeeta Gokhale Company Secretary & Compliance Officer Remuneration 1601000 Prior Approval for F.Y. 2024-25 539000 95000 0
9 Indigo Paints Limited Ms. Anita Hemant Jalan Relative of KMP Remuneration 1725000 Prior Approval for F.Y. 2024-25 750000 110000 110000
10 Indigo Paints Limited Mr. Vinay Menon Relative of KMP Remuneration 5910000 Prior Approval for F.Y. 2024-25 1953000 248000 247000
11 Indigo Paints Limited Mr. Parag Jalan Director Any other transaction Sitting Fees & Commission 3450000 Prior Approval for F.Y. 2024-25 1500000 675000 0
12 Indigo Paints Limited Halogen Chemicals Private Limited Associate Company Any other transaction Rent income 14000 Prior Approval for F.Y. 2024-25 6000 3000 11000
13 Indigo Paints Limited Apple Chemie (India) Private Limited Subsidiary Company Any other transaction Purchase of raw material 3000000 Prior Approval for F.Y. 2024-25 0 0 0
14 Indigo Paints Limited Apple Chemie (India) Private Limited Subsidiary Company Any other transaction Professional fees 2500000 Prior Approval for F.Y. 2024-25 750000 810000 0
15 Indigo Paints Limited Payal Jalan Charitable Trust Entity controlled by KMP Any other transaction CSR expenditure 25000000 Prior Approval for F.Y. 2024-25 17076000 0 0
16 Indigo Paints Limited Apple Chemie (India) Private Limited Subsidiary Company Sale of goods or services Ratified on 24-05-2025 90000 0 11000
17 Indigo Paints Limited Apple Chemie (India) Private Limited Subsidiary Company Any other transaction Recovery of Corporate Guarantee Charges Ratified on 24-05-2025 109000 0 287000
Total value of transaction during the reporting period 56716000