Asian Paints vs Pidilite Industries: share price, P/E, ROE and financials compared
Asian Paints
Pidilite Industries
Asian Paints and Pidilite Industries at a glance
Asian Paints is the larger by market cap, at ₹2.4L Cr against ₹1.6L Cr for Pidilite Industries (1.5 times as large). On valuation, Asian Paints has the lower P/E (50.5× against 60.0×) and the lower price-to-book (11.23× against 14.33×). On returns and margins, Pidilite Industries has the higher ROCE (28.5% against 24.4%), the higher ROE (25.7% against 23.0%) and the higher operating margin (23.5% against 18.9%). Over three years, Pidilite Industries has faster 3-year sales growth (+7.4% against +1.1% a year) and faster 3-year profit growth (+24.4% against +1.7% a year). Pidilite Industries carries less debt for its equity, with a debt-to-equity of 0.03× against 0.21×.
Key metrics, side by side
| Metric | Asian PaintsASIANPAINT | Pidilite IndustriesPIDILITIND |
|---|---|---|
| Price (₹) | 2,546.00 | 1,579.00 |
| Market cap (₹ Cr) | 2,44,025 | 1,60,827 |
| P/E | 50.5× (the lower figure, shaded) | 60.0× |
| P/B | 11.23× (the lower figure, shaded) | 14.33× |
| Dividend yield, trailing | 1.31% (the higher figure, shaded) | 0.73% |
| ROE | 23.0% | 25.7% (the higher figure, shaded) |
| ROCE | 24.4% | 28.5% (the higher figure, shaded) |
| Operating margin (OPM) | 18.9% | 23.5% (the higher figure, shaded) |
| Net margin (NPM) | 12.5% | 16.6% (the higher figure, shaded) |
| Sales CAGR 3Y | +1.1% | +7.4% (the higher figure, shaded) |
| Profit CAGR 3Y | +1.7% | +24.4% (the higher figure, shaded) |
| Debt to equity | 0.21× | 0.03× (the lower figure, shaded) |
| Interest cover | 31.7× | 62.2× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | 4,839 | 2,684 |
| 1Y return | +1.5% | +6.8% (the higher figure, shaded) |
| Promoter holding | 52.65% | 69.18% |
Asian Paints vs Pidilite Industries: common questions
Which is bigger, Asian Paints or Pidilite Industries?
By market cap, Asian Paints is bigger at ₹2.4L Cr, against ₹1.6L Cr for Pidilite Industries (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹4,839 Cr for Asian Paints and ₹2,684 Cr for Pidilite Industries.
Which has a lower P/E ratio, Asian Paints or Pidilite Industries?
Asian Paints trades at a P/E of 50.5× and Pidilite Industries at 60.0×. 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 Pidilite Industries?
Asian Paints reports a return on equity of 23.0% and Pidilite Industries 25.7%. Pidilite Industries has the higher ROE. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Asian Paints or Pidilite Industries?
Over the last three years: Sales grew +1.1% a year at Asian Paints and +7.4% at Pidilite Industries, so Pidilite Industries grew sales faster; profit grew +1.7% a year at Asian Paints and +24.4% at Pidilite Industries, so Pidilite Industries grew profit faster. Past growth doesn’t predict future growth.