Indigo Paints Balance Sheet
- Market cap
- ₹5,067 crore
- P/E
- 31.5
- P/B
- 4.39
- ROE
- 13.3%
- Dividend yield
- 0.47%
As of Mar 2022, Indigo Paints had total assets of ₹13,700 crore and borrowings of ₹1,200 crore, against shareholders' equity of ₹9,000 crore — a debt-to-equity ratio of 0.13. Borrowings rose 10,018.04% from Mar 2023.
Indigo Paints balance sheet
As at each financial year end, newest first. H1 = half-year.
| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Equity capital | 500 | 47.59 | 47.62 | 47.63 | 47.68 |
| Reserves | 8,500 | 323 | 453 | 578 | 706 |
| Borrowings | 1,200 | 11.86 | 21.03 | 27.27 | 21.13 |
| Other liabilities | 3,500 | 274 | 347 | 352 | 454 |
| Total liabilities | 13,700 | 1,062 | 1,270 | 1,410 | 1,629 |
| Fixed assets | 6,500 | 487 | 566 | 658 | 756 |
| Capital work in progress | 400 | 100 | 100 | 100 | 100 |
| Investments | 2,500 | 212 | 254 | 282 | 326 |
| Other assets | 4,300 | 318 | 381 | 423 | 489 |
| Total assets | 13,700 | 1,062 | 1,270 | 1,410 | 1,629 |
Balance sheet ratios
- Debt to equity
- 0.13
Source: Company filings (consolidated), in ₹ crore. Data as of 7 October 2026. How this data is compiled.
Indigo Paints balance sheet — frequently asked questions
What is the total debt of Indigo Paints?
Indigo Paints reported borrowings of ₹1,200 crore as of Mar 2022, compared with ₹11.86 crore as of Mar 2023.
What is Indigo Paints' debt-to-equity ratio?
Based on the Mar 2022 balance sheet, Indigo Paints' debt-to-equity ratio is 0.13 — borrowings of ₹1,200 crore against equity capital and reserves of ₹9,000 crore.
What are Indigo Paints' total assets?
Indigo Paints' total assets were ₹13,700 crore as of Mar 2022, including fixed assets of ₹6,500 crore and investments of ₹2,500 crore.
Same Data For Peers
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