Currently work for FAANG as SDE-1 with 4.5YOE. Joined around 1.5 years back

Current comp
Base:24.4 LPA (excluding employer contribution and gratuity)
Yearly Bonus:3.66 LPA
Stocks excluding refreshers: 51000 USD vested over 4 years

Total - 39.36LPA

Offered comp
Base: 41.88 LPA (excluding employer contribution and gratuity)
Yearly Bonus: 5.23L
Stocks excluding refreshers: 40000 USD vested over 4 years.

Total - 56LPA (~40% increase)

Thinking of asking for more stocks to take to close to 60LPA+. Both companies have refreshers and are public.

Update:

Managed to get a joining bonus of 2L. Looks like both stocks and base are at the top of the bands for this level.

First year comp - 58LPA.