Asian Paints Ltd vs Indigo Paints Ltd Stock Comparison

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Last Updated on: Apr 05, 2026

Key Highlights

The Latest Trading Price of Asian Paints Ltd is ₹ 2169 as of 02 Apr 15:30 . The P/E Ratio of Asian Paints Ltd changed from 77.5 on March 2021 to 61.2 on March 2025 . This represents a CAGR of -4.61% over 5 yearsThe P/E Ratio of Indigo Paints Ltd changed from 36.4 on March 2023 to 31.7 on March 2025 . This represents a CAGR of -4.50% over 3 years The Market Cap of Asian Paints Ltd changed from ₹ 243324 crore on March 2021 to ₹ 224231 crore on March 2025 . This represents a CAGR of -1.62% over 5 yearsThe Market Cap of Indigo Paints Ltd changed from ₹ 4802 crore on March 2023 to ₹ 4497 crore on March 2025 . This represents a CAGR of -2.16% over 3 years The revenue of Asian Paints Ltd for the Dec '25 is ₹ 9093 crore as compare to the Sep '25 revenue of ₹ 8768 crore. This represent the growth of 3.71% The revenue of Indigo Paints Ltd for the Dec '25 is ₹ 362.5 crore as compare to the Sep '25 revenue of ₹ 315.05 crore. This represent the growth of 15.06% The ebitda of Asian Paints Ltd for the Dec '25 is ₹ 1850 crore as compare to the Sep '25 ebitda of ₹ 1740 crore. This represent the growth of 6.31% The ebitda of Indigo Paints Ltd for the Dec '25 is ₹ 65.94 crore as compare to the Sep '25 ebitda of ₹ 49.53 crore. This represent the growth of 33.13% The net profit of Asian Paints Ltd changed from ₹ 1186 crore to ₹ 1073 crore over 7 quarters. This represents a CAGR of -5.55% The net profit of Indigo Paints Ltd changed from ₹ 26.65 crore to ₹ 37.14 crore over 7 quarters. This represents a CAGR of 20.88% The Dividend Payout of Asian Paints Ltd changed from 56.09 % on March 2021 to 66.36 % on March 2025 . This represents a CAGR of 3.42% over 5 yearsThe Dividend Payout of Indigo Paints Ltd changed from 16.98 % on March 2022 to 11.58 % on March 2025 . This represents a CAGR of -9.13% over 4 years .

About Asian Paints Ltd

Asian Paints Limited is India's largest, Asia's third largest and world's 9th largest paint company.
The Company, along with their subsidiaries, has operations in 15 countries globally with 26 paint manufacturing facilities servicing consumers in more than 60 countries through Berger International, SCIB Paints, Apco Coatings, Asian Paints Causeway, Kadisco Asian Paints and Taubmans.
It manufactures paints for decorative and industrial use.
The products of the Company include ancillaries, automotive, decorative paints, and industrial paints.
It operate manufacturing plants in Maharashtra, Gujarat, Andhra Pradesh, Uttar Pradesh, Tamil Nadu and Haryana.

About Indigo Paints Ltd

Indigo Paints Limited was originally incorporated as Private Limited Company with the name Indigo Paints Private Limited' at Pune, Maharashtra on March 28, 2000.
Subsequently, the Company was converted into a Public Limited Company and consequently, name of the Company was changed to Indigo Paints Limited' on August 20, 2020.
The Company is engaged in manufacture and sale of decorative paints. Indigo Paints, founded in the year 2000, stands as a prominent paint company in India, recognised for its progressive and distinct product strategy.
With its headquarters situated in Pune, Maharashtra, the Company commenced its operations as a modest producer of economical cement paints.
However, over time, it underwent a transformation, expanding its portfolio to encompass a diverse assortment of decorative paints.

FAQs for the comparison of Asian Paints Ltd and Indigo Paints Ltd

Which company has a larger market capitalization, Asian Paints Ltd or Indigo Paints Ltd?

Market cap of Asian Paints Ltd is 208,083 Cr while Market cap of Indigo Paints Ltd is 3,659 Cr

What are the key factors driving the stock performance of Asian Paints Ltd and Indigo Paints Ltd?

The stock performance of Asian Paints Ltd and Indigo Paints Ltd is primarily driven by its robust global client base, consistent revenue growth, strong operational efficiency, strategic investments in digital transformation, client acquisition, and the overall health of the industry. Both companies' performances are also influenced by macroeconomic conditions, currency fluctuations, and industry-specific trends.

What are the recent stock price for Asian Paints Ltd and Indigo Paints Ltd?

As of April 5, 2026, the Asian Paints Ltd stock price is INR ₹2169.35. On the other hand, Indigo Paints Ltd stock price is INR ₹767.6.

How do dividend payouts of Asian Paints Ltd and Indigo Paints Ltd compare?

To compare the dividend payouts of Asian Paints Ltd and Indigo Paints Ltd, examine their dividend payout ratio, which indicates how much the companies pay out relative to their share price and earnings. Moreover, consider the consistency and growth of their dividends to gauge their commitment towards returning value to the respective shareholders.

Disclaimer: This information provided above is for informational purposes only and does not constitute investment advice. We use third-party data and recommend conducting thorough research and consulting a certified financial advisor before making investment decisions. We do not endorse specific stocks. Make decisions based on your own research and professional guidance.