The Indian paint industry has grown at a double-digit CAGR over the last two decades. (Representational) Paint stocks have been on a downtrend right from the start of 2022. #2 Indigo Paints Next on our list is Indigo Paints. While its net profit has grown at a whopping 100.4% (CAGR) during the same time. The company offers its customers paints for decorative and industrial use, waterproofing solutions, and express painting services. It has a network of over 50,000 dealers and retailers, making its product available to its large customer base in India and other countries. Source: NDTV #India