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Indian (NIFTY) Chemicals Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies354
  • 7D-0.5%
  • 3M-4.2%
  • 1Y2.0%
  • YTD2.1%

Over the last 7 days, the Chemicals industry has remained flat, although notably Linde India gained 6.4%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Nov 2025₹19.3t₹7.1t₹495.6b25x39x2.7x
Sat, 18 Oct 2025₹19.4t₹6.9t₹457.9b25.6x42.4x2.8x
Mon, 15 Sep 2025₹19.9t₹6.9t₹457.1b26.8x43.5x2.9x
Wed, 13 Aug 2025₹19.7t₹6.9t₹457.3b26.7x43.2x2.9x
Fri, 11 Jul 2025₹20.4t₹6.8t₹443.6b29x46x3x
Sun, 08 Jun 2025₹19.8t₹6.7t₹442.7b27.6x44.8x2.9x
Tue, 06 May 2025₹18.5t₹6.6t₹415.1b24.7x44.7x2.8x
Thu, 03 Apr 2025₹17.7t₹6.6t₹410.2b24.7x43.2x2.7x
Sat, 01 Mar 2025₹16.2t₹6.6t₹410.1b23.2x39.6x2.5x
Mon, 27 Jan 2025₹17.8t₹6.5t₹369.6b29.1x48.1x2.7x
Wed, 25 Dec 2024₹18.7t₹6.4t₹367.6b32.1x50.8x2.9x
Fri, 22 Nov 2024₹18.4t₹6.4t₹367.4b31.2x50.1x2.9x
Sun, 20 Oct 2024₹20.6t₹6.4t₹367.7b36x56x3.2x
Tue, 17 Sep 2024₹21.3t₹6.4t₹369.5b36.4x57.7x3.3x
Thu, 15 Aug 2024₹19.8t₹6.4t₹366.3b34.2x54.1x3.1x
Sat, 13 Jul 2024₹20.1t₹6.3t₹380.7b34.8x52.8x3.2x
Mon, 10 Jun 2024₹18.2t₹6.3t₹369.1b30.3x49.3x2.9x
Wed, 08 May 2024₹17.8t₹6.5t₹389.0b30.6x45.6x2.7x
Fri, 05 Apr 2024₹17.6t₹6.5t₹410.6b29.8x42.8x2.7x
Sun, 03 Mar 2024₹17.0t₹6.5t₹410.6b30.5x41.5x2.6x
Tue, 30 Jan 2024₹17.3t₹6.8t₹488.4b30x35.4x2.6x
Thu, 28 Dec 2023₹17.9t₹6.8t₹485.5b30.2x37x2.7x
Sat, 25 Nov 2023₹16.7t₹6.7t₹483.9b27.9x34.5x2.5x
Mon, 23 Oct 2023₹16.6t₹6.9t₹515.5b27.4x32.2x2.4x
Wed, 20 Sep 2023₹16.8t₹6.9t₹513.6b27.7x32.7x2.4x
Fri, 18 Aug 2023₹16.0t₹6.9t₹514.1b25.2x31.1x2.3x
Sun, 16 Jul 2023₹15.9t₹7.1t₹561.7b22x28.3x2.2x
Tue, 13 Jun 2023₹15.6t₹7.1t₹561.2b21.6x27.7x2.2x
Thu, 11 May 2023₹15.3t₹7.1t₹608.5b20.3x25.1x2.2x
Sat, 08 Apr 2023₹14.4t₹7.0t₹616.0b19.7x23.4x2.1x
Mon, 06 Mar 2023₹14.4t₹7.0t₹614.0b19.3x23.5x2.1x
Wed, 01 Feb 2023₹14.4t₹6.7t₹616.3b19.3x23.4x2.1x
Fri, 30 Dec 2022₹15.5t₹6.7t₹618.2b20x25x2.3x
Sun, 27 Nov 2022₹15.5t₹6.6t₹613.5b19.6x25.3x2.3x
Price to Earnings Ratio

25.3x


Total Market Cap: ₹15.5tTotal Earnings: ₹613.5bTotal Revenue: ₹6.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Chemicals Industry Price to Earnings3Y Average 39.6x202320242025
Current Industry PE
  • Investors are relatively neutral on the Indian Chemicals industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 39.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 6.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

IN Market0.087%
Materials-1.18%
Chemicals-0.45%
Industrial Gases2.67%
Specialty Chemicals1.30%
Fertilizers and Agricultural Chemicals-0.68%
Commodity Chemicals-1.75%
Diversified Chemicals-1.81%
Industry PE
  • Investors are most optimistic about the Industrial Gases industry even though it's trading below its 3-year average PE ratio of 117x.
    • Analysts are expecting annual earnings growth of 28.0%, which is lower than the prior year's growth of 44.4% per year.
  • Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading below its 3-year average of 30.9x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Gases industry, expecting annual earnings growth of 28% over the next 5 years.
  • However this is lower than its past earnings growth rate of 44% per year.
  • In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 16% 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
523457 Linde India₹6.12k6.4%
+₹31.5b		-4.0%PE101.8x
SOLARINDS Solar Industries India₹13.95k1.4%
+₹17.4b		39.9%PE95.6x
COROMANDEL Coromandel International₹2.26k2.5%
+₹16.0b		28.1%PE27.8x
500655 Garware Hi-Tech Films₹4.16k16.1%
+₹13.4b		-10.5%PE30.9x
509480 Berger Paints India₹590.202.0%
+₹13.3b		26.7%PE63.8x

Latest News

500655
₹4,162.80
Garware Hi-Tech Films
7D
16.1%
1Y
-10.5%
ANURAS
₹1,179.20
Anupam Rasayan India
7D
9.8%
1Y
62.6%

Anupam Rasayan India Ltd (NSE:ANURAS) Investors Are Less Pessimistic Than Expected

Nov 20
Anupam Rasayan India Ltd (NSE:ANURAS) Investors Are Less Pessimistic Than Expected
ACI
₹554.00
Archean Chemical Industries
7D
-12.3%
1Y
-16.4%

What You Need To Know About The Archean Chemical Industries Limited (NSE:ACI) Analyst Downgrade Today

Nov 20
What You Need To Know About The Archean Chemical Industries Limited (NSE:ACI) Analyst Downgrade Today
ASIANPAINT
₹2,859.80
Asian Paints
7D
-0.7%
1Y
17.8%
523642
₹3,440.95
PI Industries
7D
-3.7%
1Y
-16.8%

523642: Market Expectations And Financial Metrics Will Shape Measured Outlook

Narrative Update on PI Industries Analysts have revised their fair value estimate for PI Industries down slightly, from ₹4,061.68 to ₹3,957.88. This change is due to modest adjustments to key financial assumptions and updated market expectations.
FLUOROCHEM
₹3,485.80
Gujarat Fluorochemicals
7D
-3.6%
1Y
-9.0%

Here's What Analysts Are Forecasting For Gujarat Fluorochemicals Limited (NSE:FLUOROCHEM) Following Its Earnings Miss

Nov 14
Here's What Analysts Are Forecasting For Gujarat Fluorochemicals Limited (NSE:FLUOROCHEM) Following Its Earnings Miss
SOLARINDS
₹13,951.00
Solar Industries India
7D
1.4%
1Y
39.9%

Solar Industries India Limited Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next

Nov 13
Solar Industries India Limited Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next
503806
₹2,852.00
SRF
7D
-2.0%
1Y
33.1%

503806: Upcoming CFO Departure And Facility Decision Will Shape Outlook

Analysts have raised their price target for SRF from $3,138.07 to $3,182.93, citing updated forecasts that reflect slight adjustments in growth and profitability assumptions. What's in the News SRF Limited's Chief Financial Officer, Rahul Jain, announced he will step down from his position at the close of business on December 12, 2025.
SUPREMEIND
₹3,568.70
Supreme Industries
7D
-6.9%
1Y
-21.6%

SUPREMEIND: Interim Dividend Declaration Will Support Shareholder Value Going Forward

Analysts have slightly reduced their price target for Supreme Industries from $4,396.46 to $4,355.54. They cited minor adjustments in projected growth and profitability assumptions.
509480
₹590.20
Berger Paints India
7D
2.0%
1Y
26.7%

509480: Updated Forecasts And Earnings Review Will Shape Performance

Narrative Update: Berger Paints India Price Target Adjustment Analysts have revised Berger Paints India's fair value estimate slightly downward from ₹569.59 to ₹559.48. This change reflects updated assumptions around projected revenue growth, discount rates, and profit margins.
FINEORG
₹4,619.30
Fine Organic Industries
7D
5.8%
1Y
-1.6%
523457
₹6,122.70
Linde India
7D
6.4%
1Y
-4.0%
COROMANDEL
₹2,264.40
Coromandel International
7D
2.5%
1Y
28.1%

There May Be Underlying Issues With The Quality Of Coromandel International's (NSE:COROMANDEL) Earnings

Nov 07
There May Be Underlying Issues With The Quality Of Coromandel International's (NSE:COROMANDEL) Earnings
PIDILITIND
₹1,489.00
Pidilite Industries
7D
0.5%
1Y
1.4%

Earnings Miss: Pidilite Industries Limited Missed EPS By 7.6% And Analysts Are Revising Their Forecasts

Nov 02
Earnings Miss: Pidilite Industries Limited Missed EPS By 7.6% And Analysts Are Revising Their Forecasts
CARBORUNIV
₹833.90
Carborundum Universal
7D
-6.7%
1Y
-40.8%
DCMSHRIRAM
₹1,174.20
DCM Shriram
7D
-4.9%
1Y
-9.2%