4 results for “BERGEPAINT”

Indigo Paints IPO: Should You Invest?

India’s fifth-largest paint company – Indigo Paints Ltd. – is looking to list on the Indian bourses as it opens its initial public offering on January 20. This will be among the first few IPOs of 2021. In the previous year 2020, as many as 15 companies made stock market debuts. Exiting investors will make a killing in this initial public offering. Sequoia Capital through its two funds will make gains in the range of 13 to 20 times its investment amount. Does it make sense for retail investors to buy? Short Answer: At such aggressive valuations, a lot of things need to fall in place, especially whem competing against one of the most efficient companies in India - Asian Paints. While the near-term high growth rate can be sustained, we remain skeptical of Indigo sustaining a similar growth rate in the long run. We would pass on this IPO.

Charts: Nifty 50 and Nifty Junior Monthly Returns, PE and Earnings Growth

Outlier in Focus : A Quick View of Berger Paints

Berger Paints Posts 54.50% Growth in Profits : Result Analysis