{"id":276822,"date":"2026-09-29T10:57:43","date_gmt":"2026-09-29T05:27:43","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=276822"},"modified":"2026-09-29T10:57:43","modified_gmt":"2026-09-29T05:27:43","slug":"indigo-paints-vs-kansai-nerolac-vs-choice-international","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/","title":{"rendered":"Indigo Paints vs Kansai Nerolac vs Choice International: Which Stock Should You Track"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Indigo Paints PE 32.38, mkt cap Rs 5,285 crore. Kansai Nerolac Paints PE 24.39, mkt cap Rs 14,361 crore. Choice International PE 67.21, mkt cap Rs 16,845 crore.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Indigo Paints vs Kansai Nerolac Paints vs Choice International is a side-by-side comparison of three companies from the Paints and Coatings space. On this comparison, Indigo Paints carries a market capitalisation of about Rs 5,285 crore against Rs 14,361 crore for Kansai Nerolac Paints and Rs 16,845 crore for Choice International, with return on equity of 12.57%, 8.78% and 13.02% respectively. Each company&#8217;s numbers are presented here without a declared better pick, since the right stock depends on an investor&#8217;s own criteria.<\/p>\n<\/div>\n<p>Indigo Paints vs Kansai Nerolac Paints vs Choice International starts with the core numbers most investors compare within the Paints and Coatings segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.<\/p>\n<p>All three names sit in the Paints and Coatings bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=indigo-paints-vs-kansai-nerolac-vs-choice-international\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#Indigo_Paints_Kansai_Nerolac_Paints_and_Choice_International_Company_Overview\" title=\"Indigo Paints, Kansai Nerolac Paints and Choice International: Company Overview\">Indigo Paints, Kansai Nerolac Paints and Choice International: Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#Indigo_Paints_vs_Kansai_Nerolac_Paints_vs_Choice_International_Valuation_and_Profitability_Snapshot\" title=\"Indigo Paints vs Kansai Nerolac Paints vs Choice International: Valuation and Profitability Snapshot\">Indigo Paints vs Kansai Nerolac Paints vs Choice International: Valuation and Profitability Snapshot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#Indigo_Paints_vs_Kansai_Nerolac_Paints_vs_Choice_International_Latest_Quarterly_Results\" title=\"Indigo Paints vs Kansai Nerolac Paints vs Choice International: Latest Quarterly Results\">Indigo Paints vs Kansai Nerolac Paints vs Choice International: Latest Quarterly Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#What_Should_Investors_Look_at_Beyond_These_Numbers\" title=\"What Should Investors Look at Beyond These Numbers?\">What Should Investors Look at Beyond These Numbers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#FAQs_on_Indigo_Paints_vs_Kansai_Nerolac_Paints_vs_Choice_International\" title=\"FAQs on Indigo Paints vs Kansai Nerolac Paints vs Choice International\">FAQs on Indigo Paints vs Kansai Nerolac Paints vs Choice International<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#What_is_the_market_cap_difference_between_Indigo_Paints_Kansai_Nerolac_Paints_and_Choice_International\" title=\"What is the market cap difference between Indigo Paints, Kansai Nerolac Paints and Choice International?\">What is the market cap difference between Indigo Paints, Kansai Nerolac Paints and Choice International?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#Which_of_the_three_has_the_highest_PE_ratio\" title=\"Which of the three has the highest PE ratio?\">Which of the three has the highest PE ratio?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#Which_of_the_three_has_the_highest_ROE\" title=\"Which of the three has the highest ROE?\">Which of the three has the highest ROE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#Which_of_these_three_stocks_pays_the_highest_dividend_yield\" title=\"Which of these three stocks pays the highest dividend yield?\">Which of these three stocks pays the highest dividend yield?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#What_is_the_debt_to_equity_ratio_for_Indigo_Paints_Kansai_Nerolac_Paints_and_Choice_International\" title=\"What is the debt to equity ratio for Indigo Paints, Kansai Nerolac Paints and Choice International?\">What is the debt to equity ratio for Indigo Paints, Kansai Nerolac Paints and Choice International?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#Which_of_the_three_trades_at_the_highest_price_to_book_value\" title=\"Which of the three trades at the highest price to book value?\">Which of the three trades at the highest price to book value?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/indigo-paints-vs-kansai-nerolac-vs-choice-international\/#Is_one_of_Indigo_Paints_Kansai_Nerolac_Paints_or_Choice_International_better_than_the_others\" title=\"Is one of Indigo Paints, Kansai Nerolac Paints or Choice International better than the others?\">Is one of Indigo Paints, Kansai Nerolac Paints or Choice International better than the others?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Indigo_Paints_Kansai_Nerolac_Paints_and_Choice_International_Company_Overview\"><\/span><strong>Indigo Paints, Kansai Nerolac Paints and Choice International: Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Indigo Paints<\/strong> is a listed Indian company in the Paints and Coatings space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.<\/p>\n<p><strong>Kansai Nerolac Paints<\/strong> is a listed Indian company in the Paints and Coatings space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.<\/p>\n<p><strong>Choice International<\/strong> is a listed Indian company in the Paints and Coatings space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Indigo_Paints_vs_Kansai_Nerolac_Paints_vs_Choice_International_Valuation_and_Profitability_Snapshot\"><\/span><strong>Indigo Paints vs Kansai Nerolac Paints vs Choice International: Valuation and Profitability Snapshot<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/indigopnts\/indigo-paints-ltd-share-price-today\">Indigo Paints<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/kansainer\/kansai-nerolac-paints-ltd-share-price-today\">Kansai Nerolac Paints<\/a><\/th>\n<th><a href=\"https:\/\/univest.in\/stocks\/choicein\/choice-international-ltd-share-price-today\">Choice International<\/a><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Market Cap (approx.)<\/td>\n<td>Rs 5,285 crore<\/td>\n<td>Rs 14,361 crore<\/td>\n<td>Rs 16,845 crore<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>32.38<\/td>\n<td>24.39<\/td>\n<td>67.21<\/td>\n<\/tr>\n<tr>\n<td>PB Ratio<\/td>\n<td>4.58<\/td>\n<td>2.14<\/td>\n<td>10.34<\/td>\n<\/tr>\n<tr>\n<td>Return on Equity (ROE)<\/td>\n<td>12.57%<\/td>\n<td>8.78%<\/td>\n<td>13.02%<\/td>\n<\/tr>\n<tr>\n<td>EPS (TTM, Rs)<\/td>\n<td>34.20<\/td>\n<td>7.28<\/td>\n<td>11.25<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.45%<\/td>\n<td>2.11%<\/td>\n<td>0.00%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>0.02<\/td>\n<td>0.05<\/td>\n<td>0.54<\/td>\n<\/tr>\n<tr>\n<td>Book Value per Share (Rs)<\/td>\n<td>241.77<\/td>\n<td>83.00<\/td>\n<td>73.16<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for Live Data<\/strong><\/a><\/p>\n<p>On valuation, Indigo Paints trades at a PE of 32.38 and a PB of 4.58, Kansai Nerolac Paints at a PE of 24.39 and a PB of 2.14, while Choice International trades at a PE of 67.21 and a PB of 10.34. On return on equity, the three post 12.57%, 8.78% and 13.02% respectively, and on dividend yield they stand at 0.45%, 2.11% and 0.00%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Indigo_Paints_vs_Kansai_Nerolac_Paints_vs_Choice_International_Latest_Quarterly_Results\"><\/span><strong>Indigo Paints vs Kansai Nerolac Paints vs Choice International: Latest Quarterly Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Latest Quarter Revenue<\/th>\n<th>Latest Quarter Net Profit<\/th>\n<th>YoY Change (Revenue)<\/th>\n<th>QoQ Change (Revenue)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Indigo Paints<\/td>\n<td>Rs 379.86 crore<\/td>\n<td>Rs 41.70 crore<\/td>\n<td>+20.7%<\/td>\n<td>-10.7%<\/td>\n<\/tr>\n<tr>\n<td>Kansai Nerolac Paints<\/td>\n<td>Rs 2,428.53 crore<\/td>\n<td>Rs 228.41 crore<\/td>\n<td>+9.7%<\/td>\n<td>+22.4%<\/td>\n<\/tr>\n<tr>\n<td>Choice International<\/td>\n<td>Rs 319.03 crore<\/td>\n<td>Rs 60.61 crore<\/td>\n<td>+34.1%<\/td>\n<td>+1.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Indigo Paints, Kansai Nerolac Paints and Choice International live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Should_Investors_Look_at_Beyond_These_Numbers\"><\/span><strong>What Should Investors Look at Beyond These Numbers?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond the metrics above, investors comparing these three paints and coatings names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Indigo Paints vs Kansai Nerolac Paints vs Choice International highlights how differently three companies in the same paints and coatings segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Indigo_Paints_vs_Kansai_Nerolac_Paints_vs_Choice_International\"><\/span><strong>FAQs on Indigo Paints vs Kansai Nerolac Paints vs Choice International<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_difference_between_Indigo_Paints_Kansai_Nerolac_Paints_and_Choice_International\"><\/span><strong>What is the market cap difference between Indigo Paints, Kansai Nerolac Paints and Choice International?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of September 2026, Indigo Paints has a market cap of approximately Rs 5,285 crore, Kansai Nerolac Paints is at approximately Rs 14,361 crore, and Choice International is at approximately Rs 16,845 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_PE_ratio\"><\/span><strong>Which of the three has the highest PE ratio?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Among Indigo Paints, Kansai Nerolac Paints and Choice International, the PE ratios stand at 32.38, 24.39 and 67.21 respectively as of September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_has_the_highest_ROE\"><\/span><strong>Which of the three has the highest ROE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Indigo Paints, Kansai Nerolac Paints and Choice International post ROE of 12.57%, 8.78% and 13.02% respectively as of September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_three_stocks_pays_the_highest_dividend_yield\"><\/span><strong>Which of these three stocks pays the highest dividend yield?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Indigo Paints, Kansai Nerolac Paints and Choice International carry dividend yields of 0.45%, 2.11% and 0.00% respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_debt_to_equity_ratio_for_Indigo_Paints_Kansai_Nerolac_Paints_and_Choice_International\"><\/span><strong>What is the debt to equity ratio for Indigo Paints, Kansai Nerolac Paints and Choice International?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Indigo Paints carries a debt to equity of 0.02, Kansai Nerolac Paints of 0.05, and Choice International of 0.54.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_the_three_trades_at_the_highest_price_to_book_value\"><\/span><strong>Which of the three trades at the highest price to book value?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Indigo Paints, Kansai Nerolac Paints and Choice International trade at price to book ratios of 4.58, 2.14 and 10.34 respectively.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_one_of_Indigo_Paints_Kansai_Nerolac_Paints_or_Choice_International_better_than_the_others\"><\/span><strong>Is one of Indigo Paints, Kansai Nerolac Paints or Choice International better than the others?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor&#8217;s own criteria and research.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the market cap difference between Indigo Paints, Kansai Nerolac Paints and Choice International?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"As of September 2026, Indigo Paints has a market cap of approximately Rs 5,285 crore, Kansai Nerolac Paints is at approximately Rs 14,361 crore, and Choice International is at approximately Rs 16,845 crore.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest PE ratio?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Among Indigo Paints, Kansai Nerolac Paints and Choice International, the PE ratios stand at 32.38, 24.39 and 67.21 respectively as of September 2026.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three has the highest ROE?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Indigo Paints, Kansai Nerolac Paints and Choice International post ROE of 12.57%, 8.78% and 13.02% respectively as of September 2026.\"}},{\"@type\":\"Question\",\"name\":\"Which of these three stocks pays the highest dividend yield?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Indigo Paints, Kansai Nerolac Paints and Choice International carry dividend yields of 0.45%, 2.11% and 0.00% respectively.\"}},{\"@type\":\"Question\",\"name\":\"What is the debt to equity ratio for Indigo Paints, Kansai Nerolac Paints and Choice International?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Indigo Paints carries a debt to equity of 0.02, Kansai Nerolac Paints of 0.05, and Choice International of 0.54.\"}},{\"@type\":\"Question\",\"name\":\"Which of the three trades at the highest price to book value?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Indigo Paints, Kansai Nerolac Paints and Choice International trade at price to book ratios of 4.58, 2.14 and 10.34 respectively.\"}},{\"@type\":\"Question\",\"name\":\"Is one of Indigo Paints, Kansai Nerolac Paints or Choice International better than the others?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This comparison does not declare one stock better than another; 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