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Indian (NIFTY) Chemicals Industry Analysis

UpdatedAug 26, 2026
DataAggregated Company Financials
Companies358
  • 7D-0.8%
  • 3M3.5%
  • 1Y0.6%
  • YTD5.9%

Over the last 7 days, the Chemicals industry has remained flat, although notably Fertilisers and Chemicals Travancore gained 10%. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the Indian Chemicals Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Aug 2026₹19.6t₹7.7t₹594.4b19.8x33x2.5x
Sat, 25 Jul 2026₹19.2t₹7.5t₹546.4b21.4x35.1x2.6x
Mon, 22 Jun 2026₹19.3t₹7.4t₹539.8b21.1x35.7x2.6x
Wed, 20 May 2026₹18.6t₹7.4t₹530.6b21.8x35x2.5x
Fri, 17 Apr 2026₹17.6t₹7.2t₹539.1b22x32.6x2.5x
Sun, 15 Mar 2026₹16.4t₹7.2t₹537.7b20.9x30.4x2.3x
Tue, 10 Feb 2026₹17.8t₹7.1t₹484.7b22.6x36.8x2.5x
Thu, 08 Jan 2026₹19.0t₹7.1t₹495.9b23.4x38.4x2.7x
Sat, 06 Dec 2025₹18.9t₹7.1t₹495.4b23.6x38.2x2.7x
Mon, 03 Nov 2025₹19.2t₹7.0t₹461.5b26x41.7x2.8x
Wed, 01 Oct 2025₹19.0t₹6.9t₹457.2b25.8x41.5x2.7x
Fri, 29 Aug 2025₹19.6t₹6.9t₹457.0b26.5x42.9x2.8x
Sun, 27 Jul 2025₹20.1t₹6.8t₹448.0b28.9x44.9x3x
Tue, 24 Jun 2025₹19.7t₹6.7t₹442.6b28.1x44.6x2.9x
Thu, 22 May 2025₹19.2t₹6.8t₹434.0b25.8x44.1x2.8x
Sat, 19 Apr 2025₹18.4t₹6.6t₹410.5b25.4x44.9x2.8x
Mon, 17 Mar 2025₹16.8t₹6.6t₹410.2b23.7x41x2.6x
Wed, 12 Feb 2025₹17.4t₹6.6t₹398.4b26.7x43.7x2.7x
Fri, 10 Jan 2025₹18.7t₹6.4t₹367.9b30.6x50.7x2.9x
Sun, 08 Dec 2024₹19.6t₹6.4t₹367.7b32.8x53.3x3x
Tue, 05 Nov 2024₹19.8t₹6.4t₹371.8b34.2x53.4x3.1x
Thu, 03 Oct 2024₹21.6t₹6.4t₹369.5b36.2x58.3x3.4x
Sat, 31 Aug 2024₹20.6t₹6.4t₹368.9b35.5x55.9x3.2x
Mon, 29 Jul 2024₹20.1t₹6.4t₹384.9b34.2x52.2x3.2x
Wed, 26 Jun 2024₹19.3t₹6.4t₹381.8b34.1x50.7x3x
Fri, 24 May 2024₹18.1t₹6.4t₹371.8b31.3x48.8x2.8x
Sun, 21 Apr 2024₹17.3t₹6.5t₹410.7b30x42.1x2.7x
Tue, 19 Mar 2024₹16.8t₹6.5t₹411.3b28.1x40.7x2.6x
Thu, 15 Feb 2024₹16.9t₹6.6t₹429.2b29.3x39.5x2.6x
Sat, 13 Jan 2024₹17.9t₹6.8t₹483.5b30.8x37x2.6x
Mon, 11 Dec 2023₹17.3t₹6.8t₹485.5b28.6x35.6x2.6x
Wed, 08 Nov 2023₹16.4t₹6.8t₹505.4b27.6x32.4x2.4x
Fri, 06 Oct 2023₹16.5t₹6.9t₹513.7b27x32x2.4x
Sun, 03 Sep 2023₹16.8t₹6.9t₹513.8b27.3x32.8x2.4x
Price to Earnings Ratio

32.8x


Total Market Cap: ₹16.8tTotal Earnings: ₹513.8bTotal Revenue: ₹6.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Chemicals Industry Price to Earnings3Y Average 41.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Chemicals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 33.0x which is lower than its 3-year average PE of 41.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have grown 5.0% per year over the last three years.
  • Revenues for these companies have grown 3.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Materials industry?

IN Market0.48%
Materials0.64%
Chemicals-0.78%
Fertilizers and Agricultural Chemicals0.83%
Specialty Chemicals0.45%
Diversified Chemicals-1.23%
Commodity Chemicals-2.65%
Industrial Gases-3.46%
Industry PE
  • Investors are most optimistic about the Industrial Gases industry even though it's trading below its 3-year average PE ratio of 119x.
    • Analysts are expecting annual earnings growth of 16.8%, which is lower than the prior year's growth of 40.6% per year.
  • Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading below its 3-year average of 33.6x.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Chemicals industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FACT Fertilisers and Chemicals Travancore₹866.2510.0%
+₹51.2b		-10.3%PE2004.6x
SOLARINDS Solar Industries India₹20.10k1.9%
+₹34.0b		41.2%PE91.3x
512070 UPL₹587.003.2%
+₹15.4b		-18.9%PE25.4x
532504 Navin Fluorine International₹8.55k3.3%
+₹13.8b		78.6%PE55.5x
PARADEEP Paradeep Phosphates₹163.848.6%
+₹13.4b		-27.4%PE15.9x

Latest News

EPIGRAL
₹1,249.20
Epigral
7D
15.4%
1Y
-30.3%
530999
₹2,440.50
Balaji Amines
7D
16.5%
1Y
61.3%
NEOGEN
₹2,183.30
Neogen Chemicals
7D
-6.2%
1Y
52.0%
Narrative Update • Aug 25

NEOGEN: Animal And Food Safety Upswing Will Support Long Term Upside

Analysts have lifted their fair value estimate for Neogen Chemicals to ₹2,501 from ₹2,310, citing updated assumptions on revenue growth, profit margins, discount rate and future P/E that reflect a more supportive backdrop for its animal safety and food safety segments. What’s in the News for Neogen Chemicals Neogen Chemicals has scheduled a board meeting on Jul 24, 2026, to review and approve the unaudited standalone and consolidated financial results for the quarter ended Jun 30, 2026.
500184
₹663.10
Himadri Speciality Chemical
7D
-11.6%
1Y
45.8%
509480
₹504.30
Berger Paints India
7D
-5.7%
1Y
-4.0%
Narrative Update • Aug 20

509480: Lower Discount Rate And Dividend Will Support Long Term Upside Potential

Analysts have lifted the fair value estimate for Berger Paints India from ₹650 to ₹685, citing updated assumptions around discount rate, revenue growth, profit margins and future P/E as key drivers of the revised price target. What's in the News for Berger Paints India Berger Paints India shareholders approved a dividend of ₹4 per equity share of face value ₹1 for the financial year ended 31 March 2026 at the Annual General Meeting held on 12 August 2026.
PARADEEP
₹163.84
Paradeep Phosphates
7D
8.6%
1Y
-27.4%
532504
₹8,551.15
Navin Fluorine International
7D
3.3%
1Y
78.6%
Narrative Update • Aug 20

532504: Power Expansion And Upcoming Results Will Shape Measured Outlook

Analysts have revised their price target for Navin Fluorine International from ₹7,316 to ₹8,123.79, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E that feed into their valuation models. What's in the News for Navin Fluorine International Navin Fluorine International has scheduled a board meeting on August 05, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026.
506655
₹1,234.75
Sudarshan Chemical Industries
7D
8.7%
1Y
-13.8%
Narrative Update • Aug 19

The €12 Million Answer

I ended the last update with one question: watch Heubach Business EBITDA in Q1. €8-9 million for the quarter and the recovery is compounding.It came in at ₹128 crore.
FACT
₹866.25
Fertilisers and Chemicals Travancore
7D
10.0%
1Y
-10.3%
SOLARINDS
₹20,097.00
Solar Industries India
7D
1.9%
1Y
41.2%
523457
₹6,603.60
Linde India
7D
-1.4%
1Y
2.8%
ASIANPAINT
₹2,626.50
Asian Paints
7D
-0.2%
1Y
5.8%
Narrative Update • Aug 13

ASIANPAINT: Dividends And Governance Changes Will Shape A Stable Fair Value Outlook

Analysts have lifted the Asian Paints price target from about ₹2,848 to roughly ₹3,021, reflecting updated assumptions that combine slightly lower revenue growth with a modestly higher profit margin and a similar future P/E multiple. What's in the News for Asian Paints Asian Paints has scheduled a Special or Extraordinary Shareholders Meeting on September 9, 2026, to be conducted via postal ballot in India.
512070
₹587.00
UPL
7D
3.2%
1Y
-18.9%
Narrative Update • Aug 04

512070: Upcoming Board Review Will Support Stronger Medium Term Re-Rating

Analysts have trimmed their fair value estimate for UPL from about ₹767 to roughly ₹735, reflecting updated views on its long term profit margin profile and a lower assumed future P/E multiple. What’s in the News for UPL UPL has scheduled a board meeting on Aug 03, 2026.
SUMICHEM
₹530.45
Sumitomo Chemical India
7D
-4.3%
1Y
-6.9%
Narrative Update • Jul 29

SUMICHEM: Future View Will Favour Leadership Transition And Stable Dividend Payout

Analysts have raised their price target on Sumitomo Chemical India to ₹579.89 from ₹555.33, reflecting updated assumptions regarding the discount rate, revenue growth, profit margin, and future P/E. What’s in the News for Sumitomo Chemical India Board meeting on 27 July 2026 to consider standalone and consolidated unaudited financial results for the quarter ended 30 June 2026.
506854
₹3,076.30
Tanfac Industries
7D
-8.6%
1Y
27.3%
COROMANDEL
₹1,949.70
Coromandel International
7D
-4.3%
1Y
-17.8%
Analysis Article • Jul 26

Analysts Have Made A Financial Statement On Coromandel International Limited's (NSE:COROMANDEL) First-Quarter Report

Shareholders might have noticed that Coromandel International Limited ( NSE:COROMANDEL ) filed its quarterly result...