Asian Paints vs Linde India: share price, P/E, ROE and financials compared
Asian Paints
Linde India
Asian Paints and Linde India at a glance
Asian Paints is the larger by market cap, at ₹2.4L Cr against ₹58,496 Cr for Linde India (4.2 times as large). On valuation, Asian Paints has the lower P/E (50.5× against 118.4×) and the lower price-to-book (11.23× against 13.33×). On returns and margins, Asian Paints has the higher ROCE (24.4% against 16.3%) and the higher ROE (23.0% against 11.8%), while Linde India has the higher operating margin (31.5% against 18.9%). Debt-to-equity is similar, 0.21× for Asian Paints and 0.23× for Linde India.
Key metrics, side by side
| Metric | Asian PaintsASIANPAINT | Linde IndiaLINDEINDIA |
|---|---|---|
| Price (₹) | 2,546.00 | 6,859.00 |
| Market cap (₹ Cr) | 2,44,025 | 58,496 |
| P/E | 50.5× (the lower figure, shaded) | 118.4× |
| P/B | 11.23× (the lower figure, shaded) | 13.33× |
| Dividend yield, trailing | 1.31% (the higher figure, shaded) | 0.17% |
| ROE | 23.0% (the higher figure, shaded) | 11.8% |
| ROCE | 24.4% (the higher figure, shaded) | 16.3% |
| Operating margin (OPM) | 18.9% | 31.5% (the higher figure, shaded) |
| Net margin (NPM) | 12.5% | 18.1% (the higher figure, shaded) |
| Sales CAGR 3Y | +1.1% | – |
| Profit CAGR 3Y | +1.7% | – |
| Debt to equity | 0.21× | 0.23× |
| Interest cover | 31.7× | 51.6× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 4,839 | 494 |
| 1Y return | +1.5% | +5.4% (the higher figure, shaded) |
| Promoter holding | 52.65% | 75.00% |
Asian Paints vs Linde India: common questions
Which is bigger, Asian Paints or Linde India?
By market cap, Asian Paints is bigger at ₹2.4L Cr, against ₹58,496 Cr for Linde India (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹4,839 Cr for Asian Paints and ₹494 Cr for Linde India.
Which has a lower P/E ratio, Asian Paints or Linde India?
Asian Paints trades at a P/E of 50.5× and Linde India at 118.4×. Asian Paints has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Asian Paints or Linde India?
Asian Paints reports a return on equity of 23.0% and Linde India 11.8%. Asian Paints has the higher ROE. ROE is net profit as a share of shareholders’ equity.