Indokem [INDOKEM] vs Asian Paints [ASIANPAINT] Detailed Stock Comparison

Indokem Ltd.

BSE
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Asian Paints Ltd.

NSE
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TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: Indokem Ltd. wins in 3 metrics, Asian Paints Ltd. wins in 15 metrics, with 0 ties. Asian Paints Ltd. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Indokem Ltd. Asian Paints Ltd. Better
P/E Ratio (TTM) 269.69 62.11 Asian Paints Ltd.
Price-to-Book Ratio 22.50 12.16 Asian Paints Ltd.
Debt-to-Equity Ratio 36.47 17.61 Asian Paints Ltd.
PEG Ratio -6.37 -13.83 Indokem Ltd.
EV/EBITDA 168.32 40.46 Asian Paints Ltd.
Profit Margin (TTM) 2.99% 11.10% Asian Paints Ltd.
Operating Margin (TTM) -1.00% 16.55% Asian Paints Ltd.
EBITDA Margin (TTM) N/A 16.55% N/A
Return on Equity 5.13% 18.28% Asian Paints Ltd.
Return on Assets (TTM) 2.25% 12.07% Asian Paints Ltd.
Free Cash Flow (TTM) $40.10M $25.94B Asian Paints Ltd.
Dividend Yield N/A 0.90% N/A
1-Year Return 214.02% 18.26% Indokem Ltd.
Price-to-Sales Ratio (TTM) 8.14 6.88 Asian Paints Ltd.
Enterprise Value $13.75B $2,366.75B Asian Paints Ltd.
EV/Revenue Ratio 7.71 6.83 Asian Paints Ltd.
Gross Profit Margin (TTM) 34.67% 44.30% Asian Paints Ltd.
Revenue per Share (TTM) $63 $361 Asian Paints Ltd.
Earnings per Share (Diluted) $1.93 $40.01 Asian Paints Ltd.
Beta (Stock Volatility) 0.18 0.20 Indokem Ltd.

Indokem Ltd. vs Asian Paints Ltd. Stock Performance Analysis

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INDOKEM
ASIANPAINT

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Indokem Ltd.-3.04%-9.39%-17.16%7.14%-32.59%-15.84%
Asian Paints Ltd.0.06%0.52%8.68%15.33%-9.94%-3.32%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Indokem Ltd.214.02%457.38%1,686.52%10,316.07%13,465.12%9,803.23%
Asian Paints Ltd.18.26%-17.47%-8.66%160.57%743.36%4,411.31%

Performance & Financial Health Analysis: Indokem Ltd. vs Asian Paints Ltd.

MetricINDOKEMASIANPAINT
Market Information
Market Cap i₹14.52B₹2.38T
Market Cap CategorySmall capLarge cap
10 Day Avg. Volume i5,3401,454,505
90 Day Avg. Volume i5,1771,385,613
Last Close₹536.70₹2,662.40
52 Week Range₹186.00 - ₹930.00₹2,115.00 - ₹2,985.70
% from 52W High-42.29%-10.83%
All-Time High₹930.00 (Nov 13, 2025)₹3,590.00 (Jan 10, 2022)
% from All-Time High-42.29%-25.84%
Growth Metrics
Quarterly Revenue Growth-0.03%0.04%
Quarterly Earnings Growth-0.45%-0.05%
Financial Health
Profit Margin (TTM) i0.03%0.11%
Operating Margin (TTM) i-0.01%0.17%
Return on Equity (TTM) i0.05%0.18%
Debt to Equity (MRQ) i36.4717.61
Cash & Liquidity
Book Value per Share (MRQ)₹23.14₹204.34
Cash per Share (MRQ)₹1.08₹58.94
Operating Cash Flow (TTM) i₹-68,900,000₹47.37B
Levered Free Cash Flow (TTM) i₹31.70M₹36.67B
Dividends
Last 12-Month Dividend Yield iN/A0.90%
Last 12-Month Dividend iN/A₹25.05

Valuation & Enterprise Metrics Analysis: Indokem Ltd. vs Asian Paints Ltd.

MetricINDOKEM (Apr 24, 2026)ASIANPAINT (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i269.6962.11
Forward P/E iN/A49.46
PEG Ratio i-6.37-13.83
Price to Sales (TTM) i8.146.88
Price to Book (MRQ) i22.5012.16
Market Capitalization
Market Capitalization i₹14.52B₹2.38T
Enterprise Value i₹13.75B₹2.37T
Enterprise Value Metrics
Enterprise to Revenue i7.716.83
Enterprise to EBITDA i168.3240.46
Risk & Other Metrics
Beta i0.180.20
Book Value per Share (MRQ) i₹23.14₹204.34

Financial Statements Comparison: Indokem Ltd. vs Asian Paints Ltd.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricINDOKEM (2025)ASIANPAINT (2025)
Revenue/Sales i1.77B338.15B
Cost of Goods Sold i1.22B195.92B
COGS % of Revenue i68.7%57.9%
Gross Profit i554.90M142.23B
Gross Margin i31.3%42.1%
Research & Development iN/AN/A
Operating Income (EBIT) i60.50M49.88B
Operating Margin i3.4%14.7%
EBITDA i89.90M63.11B
EBITDA Margin i5.1%18.7%
Pre-Tax Income i32.90M51.03B
Pre-Tax Income % of Revenue i1.9%15.1%
Income Tax i1.50M13.93B
Income Tax % of Revenue i0.1%4.1%
Net Income (Profit) i31.40M37.10B
Profit Margin i1.8%11.0%

Balance Sheet & Liquidity Metrics

MetricINDOKEM (2025)ASIANPAINT (2025)
Cash & Equivalents i30.10M4.45B
Total Current Assets i745.60M169.92B
Total Current Assets % of Revenue i42.0%50.2%
Total Current Liabilities i597.70M81.41B
Total Current Liabilities % of Revenue i33.7%24.1%
Long-Term Debt i119.20M13.83B
Long-Term Debt % of Revenue i6.7%4.1%
Total Shareholders Equity i618.40M200.59B
Retained Earnings i-121.90M145.96B
Retained Earnings % of Revenue i-6.9%43.2%
Property, Plant & Equipment i2.70M869.80M

Cash Flow Statement Comparison

MetricINDOKEM (2025)ASIANPAINT (2025)
Operating Cash Flow i-68.90M47.37B
Operating Cash Flow % of Revenue i-3.9%14.0%
Capital Expenditures i-10.00M-18.20B
Free Cash Flow i40.10M25.94B
FCF Margin i2.3%7.7%
Debt Repayment i-33.20M-211.60M
Common Stock Repurchase iN/AN/A

Short Interest & Institutional Ownership Analysis

MetricINDOKEMASIANPAINT
Shares Short iN/AN/A
Short Ratio iN/AN/A
Short % of Float iN/AN/A
Shares Outstanding i27.89M958.59M
Float Shares i7.78M442.75M
% Held by Insiders i71.54%52.92%
% Held by Institutions i0.00%27.04%
% Held by Public i28.46%20.04%

Dividend Analysis & Yield Comparison: Indokem Ltd. vs Asian Paints Ltd.

MetricINDOKEMASIANPAINT
Last 12-Month Dividend iN/A₹25.05
Last 12-Month Dividend Yield iN/A0.90%
3-Year Avg Annual Dividend iN/A₹27.95
3-Year Avg Dividend Yield iN/A0.51%
3-Year Total Dividends iN/A₹83.85
Ex-Dividend DateN/ANov 18, 2025