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Indian (NIFTY) Chemicals Industry Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies356
  • 7D-1.0%
  • 3M11.8%
  • 1Y-4.0%
  • YTD3.6%

Over the last 7 days, the Chemicals industry has dropped 1.0%, driven by Asian Paints declining 2.2%. On the other hand Deepak Nitrite is actually up 5.3%. Overall the industry is down 4.0% in 12 months. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Jul 2026₹19.2t₹7.4t₹540.2b21.4x35.5x2.6x
Tue, 09 Jun 2026₹18.4t₹7.4t₹539.1b20.7x34.1x2.5x
Thu, 07 May 2026₹18.6t₹7.2t₹522.6b22.6x35.6x2.6x
Sat, 04 Apr 2026₹16.1t₹7.2t₹538.7b20.1x29.9x2.2x
Mon, 02 Mar 2026₹17.3t₹7.2t₹537.8b22.1x32.1x2.4x
Wed, 28 Jan 2026₹17.7t₹7.1t₹503.8b21.9x35x2.5x
Fri, 26 Dec 2025₹18.9t₹7.1t₹495.4b23.6x38.1x2.6x
Sun, 23 Nov 2025₹19.2t₹7.1t₹495.5b24.7x38.7x2.7x
Tue, 21 Oct 2025₹19.4t₹6.9t₹458.2b25.5x42.4x2.8x
Thu, 18 Sep 2025₹20.1t₹6.9t₹457.0b27.6x43.9x2.9x
Sat, 16 Aug 2025₹19.8t₹6.9t₹458.8b26.2x43.1x2.9x
Mon, 14 Jul 2025₹20.2t₹6.8t₹443.7b28.9x45.6x3x
Wed, 11 Jun 2025₹20.0t₹6.7t₹442.2b28.2x45.1x3x
Fri, 09 May 2025₹18.1t₹6.6t₹417.6b23.9x43.4x2.7x
Sun, 06 Apr 2025₹17.4t₹6.6t₹410.2b24.5x42.5x2.6x
Tue, 04 Mar 2025₹16.2t₹6.6t₹410.2b23.2x39.5x2.5x
Thu, 30 Jan 2025₹17.6t₹6.5t₹370.4b27.9x47.6x2.7x
Sat, 28 Dec 2024₹18.6t₹6.4t₹367.6b31.5x50.5x2.9x
Mon, 25 Nov 2024₹18.6t₹6.4t₹367.7b31.4x50.7x2.9x
Wed, 23 Oct 2024₹19.8t₹6.4t₹367.8b33.5x53.7x3.1x
Fri, 20 Sep 2024₹21.0t₹6.4t₹369.5b35.7x56.9x3.3x
Sun, 18 Aug 2024₹20.1t₹6.4t₹368.7b33.7x54.4x3.1x
Tue, 16 Jul 2024₹20.1t₹6.3t₹380.7b34.8x52.9x3.2x
Thu, 13 Jun 2024₹18.7t₹6.4t₹382.5b31.7x48.9x2.9x
Sat, 11 May 2024₹17.4t₹6.5t₹385.7b29.7x45.1x2.7x
Mon, 08 Apr 2024₹17.6t₹6.5t₹410.6b30.1x42.9x2.7x
Wed, 06 Mar 2024₹17.0t₹6.5t₹411.0b30.3x41.4x2.6x
Fri, 02 Feb 2024₹17.2t₹6.8t₹484.1b30.2x35.5x2.5x
Sun, 31 Dec 2023₹18.0t₹6.8t₹485.5b29.9x37.1x2.7x
Tue, 28 Nov 2023₹16.7t₹6.7t₹483.9b27.9x34.5x2.5x
Thu, 26 Oct 2023₹16.0t₹6.9t₹515.8b26.3x31x2.3x
Sat, 23 Sep 2023₹16.7t₹6.9t₹513.5b27x32.5x2.4x
Mon, 21 Aug 2023₹15.9t₹6.9t₹514.5b25.8x31x2.3x
Wed, 19 Jul 2023₹16.1t₹7.1t₹561.7b22.1x28.6x2.3x
Price to Earnings Ratio

28.6x


Total Market Cap: ₹16.1tTotal Earnings: ₹561.7bTotal Revenue: ₹7.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Chemicals Industry Price to Earnings3Y Average 41.7x202420252026
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 35.5x which is lower than its 3-year average PE of 41.7x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Chemicals industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

IN Market0.26%
Materials-0.17%
Chemicals-1.01%
Diversified Chemicals-0.21%
Industrial Gases-0.95%
Specialty Chemicals-1.04%
Fertilizers and Agricultural Chemicals-1.20%
Commodity Chemicals-1.31%
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 18.0%, which is lower than the prior year's growth of 25.3% per year.
  • Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading below its 3-year average of 33.2x.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 9.8% per year.
  • In contrast, the Diversified Chemicals industry is expected to see its earnings grow by 14% 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
506401 Deepak Nitrite₹1.64k5.3%
+₹11.1b		-17.4%PE40.4x
COROMANDEL Coromandel International₹2.07k1.6%
+₹9.9b		-11.1%PE31.1x
532504 Navin Fluorine International₹7.72k2.0%
+₹7.9b		52.1%PE59.6x
506655 Sudarshan Chemical Industries₹999.109.9%
+₹7.0b		-18.1%PE352.3x
530999 Balaji Amines₹2.41k9.6%
+₹6.9b		34.4%PE46.8x

Latest News

ASIANPAINT
₹2,677.80
Asian Paints
7D
-2.2%
1Y
9.8%
506401
₹1,642.55
Deepak Nitrite
7D
5.3%
1Y
-17.4%
SOLARINDS
₹18,236.00
Solar Industries India
7D
-1.5%
1Y
18.3%
New Narrative • Jul 09

Defense Capacity Expansion And Global Reach Will Drive A Stronger Long Term Story

Catalysts About Solar Industries India Solar Industries India manufactures explosives and related energetic products for mining, infrastructure, international markets and defense applications. What are the underlying business or industry changes driving this perspective?
530999
₹2,414.60
Balaji Amines
7D
9.6%
1Y
34.4%
Narrative Update • Jul 09

530999: Higher Future P E Will Support Returns Despite Slight Margin Pressure

Analysts have raised their fair value estimate for Balaji Amines from ₹1,494 to ₹3,327, citing revised assumptions on the discount rate, revenue growth, profit margin and forward P/E as the key drivers of the updated price target. What’s in the News for Balaji Amines Balaji Amines has scheduled a Board Meeting on May 13, 2026.
COROMANDEL
₹2,067.80
Coromandel International
7D
1.6%
1Y
-11.1%
532504
₹7,716.85
Navin Fluorine International
7D
2.0%
1Y
52.1%
Narrative Update • Jul 08

532504: Higher Margins And Dividend Outlook Will Support Future Upside

Analysts have raised their price target for Navin Fluorine International from ₹7,000 to ₹8,700, citing updated assumptions that include a slightly lower discount rate, a modestly revised revenue growth outlook, a higher profit margin profile, and a marginally lower future P/E multiple. What's in the News Navin Fluorine International has scheduled a board meeting on August 5, 2026 to consider, approve and record the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026.
500645
₹1,526.30
Deepak Fertilisers And Petrochemicals
7D
-7.6%
1Y
-3.5%
500710
₹2,926.15
JSW Dulux
7D
-10.7%
1Y
-19.7%
509480
₹497.10
Berger Paints India
7D
-4.2%
1Y
-13.3%
CHAMBLFERT
₹453.75
Chambal Fertilisers and Chemicals
7D
-5.8%
1Y
-15.2%
Narrative Update • Jun 26

CHAMBLFERT: Dividend And Revised Earnings Assumptions Will Support Future Upside Potential

Analysts have lifted their fair value estimate for Chambal Fertilisers and Chemicals to ₹615.0 from ₹559.5, citing updated assumptions that include a revenue growth rate of 7.57%, a profit margin of 6.99% and a forward P/E of 19.42x, alongside a slightly lower discount rate of 12.80%. Analyst Commentary Analysts reviewing Chambal Fertilisers and Chemicals are using the updated fair value estimate and underlying assumptions to frame both upside potential and key execution risks.
506767
₹1,959.40
Alkyl Amines Chemicals
7D
7.3%
1Y
-12.3%
Narrative Update • Jun 24

506767: Upcoming Results Review Will Highlight Risk Of Overvalued Shares

Analysts have reduced their fair value estimate for Alkyl Amines Chemicals from ₹1,886.67 to ₹1,596.33, reflecting updated assumptions that include a lower projected P/E multiple, along with slightly revised views on the discount rate, revenue growth and profit margins. What's in the News for Alkyl Amines Chemicals Alkyl Amines Chemicals has scheduled a board meeting for May 5, 2026, to review the audited financial results for the quarter and financial year ended March 31, 2026.
500770
₹720.00
Tata Chemicals
7D
3.9%
1Y
-20.5%
Narrative Update • Jun 24

500770: Upcoming Results And Dividend Decision Will Expose Compressed Future Earnings Multiple

Analysts have maintained their fair value estimate for Tata Chemicals at ₹566.00, citing updated assumptions around discount rate, revenue growth, profit margin and future P/E as the key drivers behind the unchanged price target. What's in the News Tata Chemicals has scheduled a board meeting for May 4, 2026, to consider and approve the audited consolidated and standalone financial results for the quarter and financial year ended March 31, 2026.
JUBLINGREA
₹722.30
Jubilant Ingrevia
7D
6.4%
1Y
-10.6%
Narrative Update • Jun 15

JUBLINGREA: Upcoming Board Meeting And Dividend Decision Will Support Long Term Earnings Visibility

Analysts keep the Jubilant Ingrevia price target steady at ₹1,150, citing only marginal updates to the discount rate, revenue growth, profit margin, and future P/E assumptions that are not large enough to shift their overall view. What's in the News A board meeting is scheduled for May 26, 2026, at 11:10 a.m. IST to review the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
506655
₹999.10
Sudarshan Chemical Industries
7D
9.9%
1Y
-18.1%
Narrative Update • Jun 08

506655: Final Dividend Decision And Results Are Expected To Unlock Upside Potential

Analysts have nudged their fair value estimate for Sudarshan Chemical Industries to ₹1,214.57 from ₹1,202.50, reflecting updated assumptions for a higher future P/E multiple, along with more cautious revenue growth and profit margin forecasts. What's in the News A board meeting was held on May 25, 2026, to consider and approve audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, and to consider a final dividend on equity shares, subject to shareholder approval at the upcoming Annual General Meeting (source: company board meeting agenda).
523457
₹7,043.50
Linde India
7D
-2.0%
1Y
3.7%
FACT
₹855.55
Fertilisers and Chemicals Travancore
7D
-3.1%
1Y
-6.6%