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Indian (NIFTY) Chemicals Industry Analysis
UpdatedNov 09, 2025
DataAggregated Company Financials
Companies353
- 7D-0.4%
- 3M-3.2%
- 1Y-5.3%
- YTD1.2%
The Chemicals is pretty flat in the last 7 days, but Asian Paints has stood out, gaining 4.1%. Unfortunately though, the industry is down 5.3% over the past 12 months. As for the next few years, earnings are expected to grow by 20% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 10 Nov 2025 | ₹19.1t | ₹7.0t | ₹478.7b | 25.3x | 40x | 2.7x |
| Wed, 08 Oct 2025 | ₹19.3t | ₹6.9t | ₹457.5b | 25.9x | 42.1x | 2.8x |
| Fri, 05 Sep 2025 | ₹20.0t | ₹6.9t | ₹457.0b | 26.2x | 43.7x | 2.9x |
| Sun, 03 Aug 2025 | ₹20.1t | ₹6.8t | ₹454.8b | 28.4x | 44.1x | 2.9x |
| Tue, 01 Jul 2025 | ₹20.5t | ₹6.7t | ₹443.2b | 29.3x | 46.4x | 3x |
| Thu, 29 May 2025 | ₹19.6t | ₹6.7t | ₹445.8b | 26x | 43.9x | 2.9x |
| Sat, 26 Apr 2025 | ₹18.5t | ₹6.6t | ₹410.2b | 24.9x | 45.1x | 2.8x |
| Mon, 24 Mar 2025 | ₹17.6t | ₹6.6t | ₹410.2b | 24.6x | 43x | 2.7x |
| Wed, 19 Feb 2025 | ₹16.7t | ₹6.6t | ₹400.1b | 24.7x | 41.6x | 2.5x |
| Fri, 17 Jan 2025 | ₹18.0t | ₹6.5t | ₹368.1b | 29.6x | 48.9x | 2.8x |
| Sun, 15 Dec 2024 | ₹19.4t | ₹6.4t | ₹367.7b | 33.2x | 52.8x | 3x |
| Tue, 12 Nov 2024 | ₹19.4t | ₹6.4t | ₹365.4b | 33.7x | 53.1x | 3x |
| Thu, 10 Oct 2024 | ₹20.7t | ₹6.4t | ₹369.5b | 34.7x | 56x | 3.2x |
| Sat, 07 Sep 2024 | ₹21.0t | ₹6.4t | ₹363.8b | 34.9x | 57.6x | 3.3x |
| Mon, 05 Aug 2024 | ₹20.5t | ₹6.4t | ₹370.1b | 36.1x | 55.3x | 3.2x |
| Wed, 03 Jul 2024 | ₹19.7t | ₹6.4t | ₹381.8b | 34.3x | 51.5x | 3.1x |
| Fri, 31 May 2024 | ₹17.8t | ₹6.4t | ₹374.1b | 28.7x | 47.5x | 2.8x |
| Sun, 28 Apr 2024 | ₹18.0t | ₹6.5t | ₹406.9b | 31.1x | 44.2x | 2.8x |
| Tue, 26 Mar 2024 | ₹16.9t | ₹6.5t | ₹411.3b | 28.2x | 41.1x | 2.6x |
| Thu, 22 Feb 2024 | ₹17.4t | ₹6.5t | ₹422.4b | 30.1x | 41.1x | 2.7x |
| Sat, 20 Jan 2024 | ₹17.7t | ₹6.8t | ₹487.9b | 30.6x | 36.2x | 2.6x |
| Mon, 18 Dec 2023 | ₹17.6t | ₹6.8t | ₹485.5b | 29.2x | 36.2x | 2.6x |
| Wed, 15 Nov 2023 | ₹16.5t | ₹6.7t | ₹490.0b | 28.2x | 33.7x | 2.4x |
| Fri, 13 Oct 2023 | ₹16.6t | ₹6.9t | ₹513.8b | 26.9x | 32.4x | 2.4x |
| Sun, 10 Sep 2023 | ₹17.1t | ₹6.9t | ₹514.0b | 27.8x | 33.3x | 2.5x |
| Tue, 08 Aug 2023 | ₹16.2t | ₹7.0t | ₹541.8b | 24.1x | 29.9x | 2.3x |
| Thu, 06 Jul 2023 | ₹16.0t | ₹7.1t | ₹561.3b | 22.7x | 28.6x | 2.3x |
| Sat, 03 Jun 2023 | ₹15.5t | ₹7.1t | ₹566.3b | 20.8x | 27.4x | 2.2x |
| Mon, 01 May 2023 | ₹15.1t | ₹6.9t | ₹615.2b | 20.5x | 24.5x | 2.2x |
| Wed, 29 Mar 2023 | ₹13.9t | ₹7.0t | ₹614.1b | 18.1x | 22.6x | 2x |
| Fri, 24 Feb 2023 | ₹14.3t | ₹7.0t | ₹614.0b | 19.2x | 23.3x | 2x |
| Sun, 22 Jan 2023 | ₹14.7t | ₹6.7t | ₹618.7b | 19.5x | 23.8x | 2.2x |
| Tue, 20 Dec 2022 | ₹15.6t | ₹6.6t | ₹613.8b | 20.4x | 25.4x | 2.3x |
| Thu, 17 Nov 2022 | ₹15.5t | ₹6.6t | ₹610.7b | 19.1x | 25.4x | 2.3x |
Price to Earnings Ratio
25.4x
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 39.5x.
- 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 7.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.4% 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 Market | -0.97% | |
| Materials | -1.25% | |
| Chemicals | -0.35% | |
| Specialty Chemicals | 1.41% | |
| Fertilizers and Agricultural Chemicals | -0.42% | |
| Diversified Chemicals | -0.46% | |
| Commodity Chemicals | -1.83% | |
| Industrial Gases | -2.81% | |
Industry PE
- Investors are most optimistic about the Industrial Gases industry even though it's trading below its 3-year average PE ratio of 116x.
- Analysts are expecting annual earnings growth of 28.1%, which is lower than the prior year's growth of 35.9% per year.
- Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading close to its 3-year average of 30.8x.
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 36% per year.
- In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 18% 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 | ₹2.61k | 4.1% +₹98.8b | -5.6% | PE69.7x | |
| 523642 PI Industries | ₹3.76k | 5.1% +₹27.7b | -17.6% | PE35.4x | |
| 512070 UPL | ₹747.90 | 3.8% +₹23.4b | 34.1% | PE30.8x | |
| 530117 Privi Speciality Chemicals | ₹3.39k | 16.7% +₹18.9b | 77.3% | PE49.6x | |
| 532504 Navin Fluorine International | ₹5.97k | 4.8% +₹14.0b | 68.7% | PE68.9x |
