Education: B.Tech (Tier 1 old IIT)
Years of Experience: 3
Date of the Offer: April 2021
Company: Microsoft
Location: Bangalore, India
Salary: 26 LPA
Signing Bonus: 3 L
Stock bonus: $50K stock grant vested over 4 years
Bonus: Performance-based bonus up to 20% of salary every year (average 10%)
Total comp (Salary + Bonus + Stock): 26 + 2.6 + 3 + 9.4(stocks) = 41 LPA (year 1)

Current Compensation: 26 LPA (fixed) + 4LPA(ESOPs)
Other details: Yet to negotiate

I feel both the base and stocks are low.