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Asian Paints vs Solar Industries: share price, P/E, ROE and financials compared

Prices as of 6 Nov 2026. Figures are from company filings and exchange data. This is an educational comparison, not investment advice.

Asian Paints

NSE: ASIANPAINT · Consumer Durables

₹2,546.00plus 0.88%

Solar Industries India

NSE: SOLARINDS · Chemicals

₹18,608.00plus 0.48%

Asian Paints and Solar Industries at a glance

Asian Paints is the larger by market cap, at ₹2.4L Cr against ₹1.7L Cr for Solar Industries (1.4 times as large). On valuation, Asian Paints has the lower P/E (50.5× against 74.4×) and the lower price-to-book (11.23× against 21.94×). On returns and margins, Solar Industries has the higher ROCE (29.5% against 24.4%), the higher ROE (35.1% against 23.0%) and the higher operating margin (27.8% against 18.9%). Over three years, Solar Industries has faster 3-year sales growth (+12.4% against +1.1% a year) and faster 3-year profit growth (+30.4% against +1.7% a year). Debt-to-equity is similar, 0.21× for Asian Paints and 0.22× for Solar Industries.

See the full interactive comparison

Key metrics, side by side

Key metrics of Asian Paints and Solar Industries
MetricAsian PaintsASIANPAINTSolar IndustriesSOLARINDS
Price (₹)2,546.0018,608.00
Market cap (₹ Cr)2,44,0251,68,384
P/E50.5× (the lower figure, shaded)74.4×
P/B11.23× (the lower figure, shaded)21.94×
Dividend yield, trailing1.31% (the higher figure, shaded)0.06%
ROE23.0%35.1% (the higher figure, shaded)
ROCE24.4%29.5% (the higher figure, shaded)
Operating margin (OPM)18.9%27.8% (the higher figure, shaded)
Net margin (NPM)12.5%17.7% (the higher figure, shaded)
Sales CAGR 3Y+1.1%+12.4% (the higher figure, shaded)
Profit CAGR 3Y+1.7%+30.4% (the higher figure, shaded)
Debt to equity0.21×0.22×
Interest cover31.7× (the higher figure, shaded)18.7×
Net profit TTM (₹ Cr)4,8392,263
1Y return+1.5%+35.9% (the higher figure, shaded)
Promoter holding52.65%73.15%

Shaded: the company with the more favourable reading (lower P/E, debt or P/B; higher ROE, ROCE, margins, growth or yield) when the gap is meaningful. n/m means not meaningful, for example ROCE for a bank. Loss-making companies’ multiples are shown but not ranked.

Asian Paints vs Solar Industries: common questions

Which is bigger, Asian Paints or Solar Industries?

By market cap, Asian Paints is bigger at ₹2.4L Cr, against ₹1.7L Cr for Solar Industries (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹4,839 Cr for Asian Paints and ₹2,263 Cr for Solar Industries.

Which has a lower P/E ratio, Asian Paints or Solar Industries?

Asian Paints trades at a P/E of 50.5× and Solar Industries at 74.4×. 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 Solar Industries?

Asian Paints reports a return on equity of 23.0% and Solar Industries 35.1%. Solar Industries has the higher ROE. ROE is net profit as a share of shareholders’ equity.

Which is growing faster, Asian Paints or Solar Industries?

Over the last three years: Sales grew +1.1% a year at Asian Paints and +12.4% at Solar Industries, so Solar Industries grew sales faster; profit grew +1.7% a year at Asian Paints and +30.4% at Solar Industries, so Solar Industries grew profit faster. Past growth doesn’t predict future growth.

Go to the stock pages for Asian Paints and Solar Industries, or add up to four more companies in the interactive comparison.