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May 04
Indian (NIFTY) Chemicals Industry Analysis
UpdatedMay 04, 2024
DataAggregated Company Financials
Companies317
- 7D0.3%
- 3M4.9%
- 1Y18.3%
- YTD-0.5%
Over the last 7 days, the Chemicals industry has remained flat, although notably Asian Paints gained 3.0%. As for the the longer term, the industry is up 18% over the past 12 months. Looking forward, earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the Indian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 04 May 2024 | ₹18.1t | ₹6.5t | ₹393.1b | 30.7x | 45.9x | 2.8x |
| Mon, 01 Apr 2024 | ₹16.8t | ₹6.5t | ₹411.3b | 27.7x | 41x | 2.6x |
| Wed, 28 Feb 2024 | ₹17.1t | ₹6.5t | ₹410.1b | 30.4x | 41.8x | 2.6x |
| Fri, 26 Jan 2024 | ₹17.2t | ₹6.8t | ₹488.6b | 29.9x | 35.2x | 2.5x |
| Sun, 24 Dec 2023 | ₹17.6t | ₹6.8t | ₹485.5b | 29.6x | 36.3x | 2.6x |
| Tue, 21 Nov 2023 | ₹16.6t | ₹6.7t | ₹484.3b | 27.9x | 34.4x | 2.5x |
| Thu, 19 Oct 2023 | ₹16.7t | ₹6.9t | ₹514.6b | 27.8x | 32.5x | 2.4x |
| Sat, 16 Sep 2023 | ₹16.9t | ₹6.9t | ₹513.6b | 27.5x | 32.9x | 2.4x |
| Mon, 14 Aug 2023 | ₹16.0t | ₹6.9t | ₹518.6b | 25.3x | 30.9x | 2.3x |
| Wed, 12 Jul 2023 | ₹15.8t | ₹7.1t | ₹561.4b | 22.2x | 28.2x | 2.2x |
| Fri, 09 Jun 2023 | ₹15.7t | ₹7.1t | ₹561.3b | 21.5x | 27.9x | 2.2x |
| Sun, 07 May 2023 | ₹15.2t | ₹7.0t | ₹615.1b | 20.6x | 24.8x | 2.2x |
| Tue, 04 Apr 2023 | ₹14.2t | ₹7.0t | ₹614.1b | 18.8x | 23.1x | 2x |
| Thu, 02 Mar 2023 | ₹14.4t | ₹7.0t | ₹614.0b | 19.2x | 23.5x | 2.1x |
| Sat, 28 Jan 2023 | ₹14.3t | ₹6.7t | ₹616.6b | 19.2x | 23.1x | 2.1x |
| Mon, 26 Dec 2022 | ₹14.8t | ₹6.7t | ₹618.2b | 18.6x | 24x | 2.2x |
| Wed, 23 Nov 2022 | ₹15.4t | ₹6.6t | ₹613.6b | 19.7x | 25.1x | 2.3x |
| Fri, 21 Oct 2022 | ₹15.9t | ₹6.2t | ₹596.2b | 19.2x | 26.6x | 2.6x |
| Sun, 18 Sep 2022 | ₹16.4t | ₹6.2t | ₹595.6b | 20.3x | 27.5x | 2.7x |
| Tue, 16 Aug 2022 | ₹16.1t | ₹6.2t | ₹594.8b | 18.6x | 27.1x | 2.6x |
| Thu, 14 Jul 2022 | ₹14.4t | ₹5.6t | ₹534.6b | 17.5x | 27x | 2.6x |
| Sat, 11 Jun 2022 | ₹14.2t | ₹5.6t | ₹536.0b | 17.9x | 26.5x | 2.5x |
| Mon, 09 May 2022 | ₹14.9t | ₹5.2t | ₹498.0b | 19.3x | 30x | 2.8x |
| Wed, 06 Apr 2022 | ₹15.9t | ₹5.1t | ₹481.8b | 19.8x | 33x | 3.1x |
| Fri, 04 Mar 2022 | ₹14.2t | ₹5.1t | ₹481.8b | 17.4x | 29.5x | 2.8x |
| Sun, 30 Jan 2022 | ₹15.3t | ₹4.8t | ₹452.9b | 19.4x | 33.7x | 3.2x |
| Tue, 28 Dec 2021 | ₹15.0t | ₹4.7t | ₹454.5b | 18x | 33.1x | 3.2x |
| Thu, 25 Nov 2021 | ₹14.8t | ₹4.7t | ₹454.4b | 17.9x | 32.6x | 3.1x |
| Sat, 23 Oct 2021 | ₹14.9t | ₹4.4t | ₹433.3b | 18.8x | 34.5x | 3.4x |
| Mon, 20 Sep 2021 | ₹15.2t | ₹4.4t | ₹433.0b | 18.9x | 35x | 3.5x |
| Wed, 18 Aug 2021 | ₹14.2t | ₹4.4t | ₹432.1b | 18.3x | 32.8x | 3.2x |
| Wed, 02 Jun 2021 | ₹12.8t | ₹4.0t | ₹361.4b | 17.8x | 35.3x | 3.2x |
Price to Earnings Ratio
35.3x
Current Industry PE
- Investors are optimistic on the Indian Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 45.9x which is higher than its 3-year average PE of 30.9x.
- 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 2.8% per year over the last three years.
- Revenues for these companies have grown 18% 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 Market | 0.55% | |
| Materials | 1.17% | |
| Chemicals | 0.26% | |
| Commodity Chemicals | 1.61% | |
| Specialty Chemicals | 0.97% | |
| Diversified Chemicals | -0.44% | |
| Industrial Gases | -0.85% | |
| Fertilizers and Agricultural Chemicals | -2.11% | |
Industry PE
- Investors are most optimistic about the Industrial Gases industry which is trading above its 3-year average PE ratio of 80.6x.
- Analysts are expecting annual earnings growth of 38.0%, which is higher than its past year's earnings decline of 1.6% per year.
- Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 19.1x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Gases industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 1.6% per year.
- In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 17% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ASIANPAINT Asian Paints | ₹2.93k | 3.0% +₹82.1b | -2.8% | PE51.7x | |
| SUPREMEIND Supreme Industries | ₹4.96k | 14.3% +₹78.6b | 79.3% | PE58.9x | |
| 509480 Berger Paints India | ₹523.00 | 3.9% +₹22.8b | 1.7% | PE53.9x | |
| SOLARINDS Solar Industries India | ₹9.00k | 2.4% +₹19.5b | 136.6% | PE100.9x | |
| BASF BASF India | ₹4.06k | 9.6% +₹15.4b | 67.3% | PE36.3x |
