Indigo Paints: Upcoming Star

KEY insight From Concall of Q1 FY24

1. One of the best Concall that I have read this year
2. Management is very bullish on there business
3. High volume growth in all categories
4. Jodhpur plant 90000 KLPA operational by end FY25
5. Three month back they acquired satke in Apple chemie a fast growing company in construction chemical and water proofing space
6. Apple chemical expected to become a pan Indian player in couple of years (currently only maharashtra)
7. The only risk i found is that there 28% revenues come from only kerala state,
   But this share gradually decreasing.
   Disc : Invested and biased. Not a buy/sell recommendation.