Indian Toners [INDTONER] vs Asian Paints [ASIANPAINT] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 20 vital metrics comparison: Indian Toners & Developers Ltd. wins in 12 metrics, Asian Paints Ltd. wins in 8 metrics, with 0 ties. Indian Toners & Developers Ltd. appears stronger overall.

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Vital Metrics Comparison

Metric Indian Toners & Developers Ltd. Asian Paints Ltd. Better
P/E Ratio (TTM) 9.40 62.11 Indian Toners & Developers Ltd.
Price-to-Book Ratio 1.14 12.16 Indian Toners & Developers Ltd.
Debt-to-Equity Ratio 0.40 17.61 Indian Toners & Developers Ltd.
PEG Ratio 6.33 -13.83 Indian Toners & Developers Ltd.
EV/EBITDA 4.79 40.46 Indian Toners & Developers Ltd.
Profit Margin (TTM) 16.36% 11.10% Indian Toners & Developers Ltd.
Operating Margin (TTM) 17.57% 16.55% Indian Toners & Developers Ltd.
EBITDA Margin (TTM) 17.57% 16.55% Indian Toners & Developers Ltd.
Return on Equity 11.12% 18.28% Asian Paints Ltd.
Return on Assets (TTM) 9.78% 12.07% Asian Paints Ltd.
Free Cash Flow (TTM) $157.01M $25.94B Asian Paints Ltd.
Dividend Yield 3.96% 0.90% Indian Toners & Developers Ltd.
1-Year Return 1.41% 24.08% Asian Paints Ltd.
Price-to-Sales Ratio (TTM) 1.53 6.88 Indian Toners & Developers Ltd.
Enterprise Value $1.58B $2,366.75B Asian Paints Ltd.
EV/Revenue Ratio 0.99 6.83 Indian Toners & Developers Ltd.
Gross Profit Margin (TTM) 52.18% 44.30% Indian Toners & Developers Ltd.
Revenue per Share (TTM) $154 $361 Asian Paints Ltd.
Earnings per Share (Diluted) $25.16 $40.01 Asian Paints Ltd.
Beta (Stock Volatility) 0.20 0.20 Asian Paints Ltd.

Indian Toners & Developers Ltd. vs Asian Paints Ltd. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Indian Toners & Developers Ltd.-0.51%6.19%4.76%10.68%2.47%4.45%
Asian Paints Ltd.-0.29%3.01%5.13%23.52%-1.47%-0.46%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Indian Toners & Developers Ltd.1.41%-1.46%37.83%80.23%1,489.43%1,199.01%
Asian Paints Ltd.24.08%-17.17%-9.84%174.85%814.95%4,769.55%

Performance & Financial Health Analysis: Indian Toners & Developers Ltd. vs Asian Paints Ltd.

MetricINDTONERASIANPAINT
Market Information
Market Cap i₹2.46B₹2.38T
Market Cap CategorySmall capLarge cap
10 Day Avg. Volume i3,2681,454,505
90 Day Avg. Volume i2,5311,385,613
Last Close₹261.70₹2,739.30
52 Week Range₹215.40 - ₹282.00₹2,115.00 - ₹2,985.70
% from 52W High-7.20%-8.25%
All-Time High₹417.95 (Feb 05, 2024)₹3,590.00 (Jan 10, 2022)
% from All-Time High-37.38%-23.70%
Growth Metrics
Quarterly Revenue Growth0.07%0.04%
Quarterly Earnings Growth-0.01%-0.05%
Financial Health
Profit Margin (TTM) i0.16%0.11%
Operating Margin (TTM) i0.18%0.17%
Return on Equity (TTM) i0.11%0.18%
Debt to Equity (MRQ) i0.4017.61
Cash & Liquidity
Book Value per Share (MRQ)₹206.97₹204.34
Cash per Share (MRQ)₹85.00₹58.94
Operating Cash Flow (TTM) i₹277.29M₹47.37B
Levered Free Cash Flow (TTM) i₹224.43M₹36.67B
Dividends
Last 12-Month Dividend Yield i3.96%0.90%
Last 12-Month Dividend i₹10.50₹25.05

Valuation & Enterprise Metrics Analysis: Indian Toners & Developers Ltd. vs Asian Paints Ltd.

MetricINDTONER (Apr 26, 2026)ASIANPAINT (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i9.4062.11
Forward P/E iN/A49.46
PEG Ratio i6.33-13.83
Price to Sales (TTM) i1.536.88
Price to Book (MRQ) i1.1412.16
Market Capitalization
Market Capitalization i₹2.46B₹2.38T
Enterprise Value i₹1.58B₹2.37T
Enterprise Value Metrics
Enterprise to Revenue i0.996.83
Enterprise to EBITDA i4.7940.46
Risk & Other Metrics
Beta i0.200.20
Book Value per Share (MRQ) i₹206.97₹204.34

Financial Statements Comparison: Indian Toners & Developers 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

MetricINDTONER (2025)ASIANPAINT (2025)
Revenue/Sales i1.52B338.15B
Cost of Goods Sold i759.71M195.92B
COGS % of Revenue i49.8%57.9%
Gross Profit i765.25M142.23B
Gross Margin i50.2%42.1%
Research & Development iN/AN/A
Operating Income (EBIT) i278.12M49.88B
Operating Margin i18.2%14.7%
EBITDA i349.41M63.11B
EBITDA Margin i22.9%18.7%
Pre-Tax Income i335.09M51.03B
Pre-Tax Income % of Revenue i22.0%15.1%
Income Tax i110.66M13.93B
Income Tax % of Revenue i7.3%4.1%
Net Income (Profit) i224.43M37.10B
Profit Margin i14.7%11.0%

Balance Sheet & Liquidity Metrics

MetricINDTONER (2025)ASIANPAINT (2025)
Cash & Equivalents i316.66M4.45B
Total Current Assets i1.37B169.92B
Total Current Assets % of Revenue i89.7%50.2%
Total Current Liabilities i155.45M81.41B
Total Current Liabilities % of Revenue i10.2%24.1%
Long-Term Debt i11.20M13.83B
Long-Term Debt % of Revenue i0.7%4.1%
Total Shareholders Equity i2.02B200.59B
Retained Earnings i1.36B145.96B
Retained Earnings % of Revenue i89.3%43.2%
Property, Plant & Equipment i116.75M869.80M

Cash Flow Statement Comparison

MetricINDTONER (2025)ASIANPAINT (2025)
Operating Cash Flow i277.29M47.37B
Operating Cash Flow % of Revenue i18.2%14.0%
Capital Expenditures i-81.31M-18.20B
Free Cash Flow i157.01M25.94B
FCF Margin i10.3%7.7%
Debt Repayment iN/A-211.60M
Common Stock Repurchase i-257.31MN/A

Short Interest & Institutional Ownership Analysis

MetricINDTONERASIANPAINT
Shares Short iN/AN/A
Short Ratio iN/AN/A
Short % of Float iN/AN/A
Shares Outstanding i10.39M958.59M
Float Shares i2.96M442.75M
% 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: Indian Toners & Developers Ltd. vs Asian Paints Ltd.

MetricINDTONERASIANPAINT
Last 12-Month Dividend i₹10.50₹25.05
Last 12-Month Dividend Yield i3.96%0.90%
3-Year Avg Annual Dividend i₹6.17₹27.95
3-Year Avg Dividend Yield i1.78%0.51%
3-Year Total Dividends i₹18.50₹83.85
Ex-Dividend DateNov 14, 2025Nov 18, 2025