INDIGOPNTS vs SHALPAINTS: Stock Comparison

Indigo Paints Limited vs Shalimar Paints Limited

Live data: 31 July 2026, 4:08 PM IST • Source: NSE and company filings

Indigo Paints Limited is the larger company by market capitalisation. Indigo Paints Limited shows a higher ROE, a higher dividend yield and faster revenue growth, while Shalimar Paints Limited shows a lower P/E. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.

Side-by-side comparison of Indigo Paints Limited and Shalimar Paints Limited on live price, valuation, growth, profitability, leverage and quarterly shareholding. Highlighted values mark the more favourable of the two on that metric's usual reading; a single metric is never the full story.

On standard readings, INDIGOPNTS is more favourable on 10 of 13 scored metrics and SHALPAINTS on 3These counts are context-free and are not an overall rating.

Key Differences

Market Cap
INDIGOPNTS is the larger company
₹5,306 Cr vs ₹561 Cr
P/E Ratio
SHALPAINTS has a lower P/E
-8.62x vs 34.54x
P/B Ratio
SHALPAINTS has a lower P/B
2.23x vs 4.42x
EPS
INDIGOPNTS has higher earnings per share
₹30.31 vs ₹-7.76
Dividend Yield
INDIGOPNTS has a higher dividend yield
0.32% vs 0%
Revenue Growth (TTM YoY)
INDIGOPNTS has faster revenue growth
9.7% vs -12.3%
EPS Growth (TTM YoY)
INDIGOPNTS has faster EPS growth
1.3% vs 0%
Qtr Sales Growth
INDIGOPNTS has stronger quarterly sales growth
9.74% vs -12.3%

Each difference is a single, relative reading — StockeZee does not name an overall winner.

Profile

MetricINDIGOPNTSSHALPAINTS
SectorConsumer DurablesConsumer Durables
IndustryPaintsPaints

Price

MetricINDIGOPNTSSHALPAINTS
Live Price₹1,111.8₹66.68
Day Change2.86%-0.83%
Volume1.03 L1.57 L
52-Week High₹1,345.9₹88.71
52-Week Low₹708.05₹35.21
Distance from 52W High-17.39%-24.83%

Valuation

MetricINDIGOPNTSSHALPAINTS
Market Cap₹5,306 Cr₹561 Cr
P/E Ratio34.54x-8.62x
P/B Ratio4.42x2.23x
EPS₹30.31₹-7.76
Book Value₹242.13₹29.91
Dividend Yield0.32%0%

Growth

MetricINDIGOPNTSSHALPAINTS
Revenue Growth (TTM YoY)9.7%-12.3%
EPS Growth (TTM YoY)1.3%0%
Qtr Sales Growth9.74%-12.3%
Qtr Profit Growth1.35%22.4%

Profitability & Leverage

MetricINDIGOPNTSSHALPAINTS
ROE13.7%-21.3%
ROCE18.6%-7.92%
Net Margin12%-11.29%
Operating Margin18.1%-3.89%
Debt to Equity0.02x0.66x

Shareholding

As of Jun 2026 • change vs previous quarter
MetricINDIGOPNTSSHALPAINTS
Promoter Holding53.88%74.96%
FII Holding5.73% 1.68 pp0.04% 0.04 pp
DII Holding25.25% 2.25 pp0.03%
Public Holding15.15% 0.56 pp24.96% 0.03 pp

How to Read This Comparison

Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.

Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: Indigo Paints Limited and Shalimar Paints Limited.

Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.