External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

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Equity Bottom-Up

<ul><li>Indigo Paints (INDIGOPN) is the fifth largest company operating in the INR542b (USD7.2b) Paints industry in India</li><li>We expect INDIGOPN to continue with its robust strategy and thereby deliver a sales/EBITDA/PAT CAGR of ~28%/35%/41% over FY21–24E</li><li>We initiate coverage with a Buy rating, with TP of INR2,270 (55x FY24E EPS).</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Indigo Paints (INDIGOPN) is the fifth largest company operating in the INR542b (USD7.2b) Paints industry in IndiaWe expect INDIGOPN to continue with its robust strategy and thereby deliver a sales/EBITDA/PAT CAGR of ~28%/35%/41% over FY21–24EWe initiate coverage with a Buy rating, with TP of INR2,270 (55x FY24E EPS).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

India

Indigo Paints is an Indian company that manufactures, sells, and distributes a comprehensive range of decorative paints. Its product portfolio includes interior and exterior emulsions, enamels, waterproofing solutions, wood coatings, distempers, primers, putties, and cement paints. The company is headquartered in Pune, Maharashtra, India, and was founded in 2000.

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Indigo Paints (INDIGOPN IN)

Indigo Paints: Colorful Prospects!

Indigo Paints (INDIGOPN) is the fifth largest company operating in the INR542b (USD7.2b) Paints industry in India. We expect INDIGOPN to continue...

Motilal Oswal

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