Education: Btech (CS/ECE/EE/ME) from Tier-1
Years of Experience: 1.8 yrs (when offer was made)
Prior Experience: As software dev (non - FAANG)
Date of the Offer: March 2020
Company: Microsoft
Title/Level: SDE-1 L60
Location: Hyderabad (India)
Salary: 18,00,000 INR
Relocation/Signing Bonus: 2,75,000
Stock bonus: 20,000$ over 4 years
Bonus: 20% of base (ideally around 10%)
Total comp (Salary + Bonus + Stock): 18L + 3.8L + 2.75L + 1.8L = 26.35L (year - 1)
Benefits: Standard benefits, meal coupons, fitness benefits (19k per year)
Other details: Couldn't negotiate, since I had no competing offer

Have I been low-balled? Base seems good but Stock is less than fresher amount