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Indian (NIFTY) Chemicals Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies354
  • 7D1.4%
  • 3M-2.0%
  • 1Y1.8%
  • YTD2.6%

Over the last 7 days, the Chemicals industry has risen 1.4%, driven by gains from Asian Paints of 11%. In the same time, PI Industries was down 5.2%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Nov 2025₹19.5t₹7.1t₹482.9b24.6x40.3x2.7x
Tue, 14 Oct 2025₹19.2t₹6.9t₹457.2b25.5x42x2.8x
Thu, 11 Sep 2025₹19.9t₹6.9t₹457.1b26.7x43.4x2.9x
Sat, 09 Aug 2025₹19.7t₹6.9t₹454.7b27.2x43.4x2.9x
Mon, 07 Jul 2025₹20.6t₹6.8t₹443.5b29.1x46.4x3x
Wed, 04 Jun 2025₹19.7t₹6.7t₹443.3b27.4x44.5x2.9x
Fri, 02 May 2025₹18.4t₹6.6t₹410.8b24.5x44.7x2.8x
Sun, 30 Mar 2025₹17.5t₹6.6t₹410.2b23.7x42.7x2.7x
Tue, 25 Feb 2025₹16.9t₹6.6t₹400.5b24.7x42.1x2.6x
Thu, 23 Jan 2025₹17.7t₹6.5t₹368.1b29.3x48.2x2.8x
Sat, 21 Dec 2024₹18.7t₹6.4t₹367.7b32.4x50.8x2.9x
Mon, 18 Nov 2024₹18.8t₹6.4t₹366.4b31.5x51.2x2.9x
Wed, 16 Oct 2024₹20.9t₹6.4t₹369.5b35.9x56.5x3.3x
Fri, 13 Sep 2024₹21.2t₹6.4t₹369.5b36.1x57.5x3.3x
Sun, 11 Aug 2024₹20.4t₹6.4t₹369.9b34.6x55.1x3.2x
Tue, 09 Jul 2024₹20.0t₹6.4t₹381.3b34.5x52.6x3.2x
Thu, 06 Jun 2024₹17.8t₹6.4t₹369.2b29.7x48.3x2.8x
Sat, 04 May 2024₹18.1t₹6.5t₹393.1b30.7x45.9x2.8x
Mon, 01 Apr 2024₹16.8t₹6.5t₹411.3b27.7x41x2.6x
Wed, 28 Feb 2024₹17.1t₹6.5t₹410.1b30.4x41.8x2.6x
Fri, 26 Jan 2024₹17.2t₹6.8t₹488.6b29.9x35.2x2.5x
Sun, 24 Dec 2023₹17.6t₹6.8t₹485.5b29.6x36.3x2.6x
Tue, 21 Nov 2023₹16.6t₹6.7t₹484.3b27.9x34.4x2.5x
Thu, 19 Oct 2023₹16.7t₹6.9t₹514.6b27.8x32.5x2.4x
Sat, 16 Sep 2023₹16.9t₹6.9t₹513.6b27.5x32.9x2.4x
Mon, 14 Aug 2023₹16.0t₹6.9t₹518.6b25.3x30.9x2.3x
Wed, 12 Jul 2023₹15.8t₹7.1t₹561.4b22.2x28.2x2.2x
Fri, 09 Jun 2023₹15.7t₹7.1t₹561.3b21.5x27.9x2.2x
Sun, 07 May 2023₹15.2t₹7.0t₹615.1b20.6x24.8x2.2x
Tue, 04 Apr 2023₹14.2t₹7.0t₹614.1b18.8x23.1x2x
Thu, 02 Mar 2023₹14.4t₹7.0t₹614.0b19.2x23.5x2.1x
Sat, 28 Jan 2023₹14.3t₹6.7t₹616.6b19.2x23.1x2.1x
Mon, 26 Dec 2022₹14.8t₹6.7t₹618.2b18.6x24x2.2x
Wed, 23 Nov 2022₹15.4t₹6.6t₹613.6b19.7x25.1x2.3x
Price to Earnings Ratio

25.1x


Total Market Cap: ₹15.4tTotal Earnings: ₹613.6bTotal Revenue: ₹6.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Chemicals Industry Price to Earnings3Y Average 39.5x202320242025
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 7.7% 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 Market1.07%
Materials0.70%
Chemicals1.35%
Specialty Chemicals4.44%
Commodity Chemicals0.92%
Diversified Chemicals-0.38%
Fertilizers and Agricultural Chemicals-0.43%
Industrial Gases-2.51%
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 28.2%, 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 17% 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
ASIANPAINT Asian Paints₹2.91k11.2%
+₹280.7b		17.0%PE71.6x
509480 Berger Paints India₹579.358.9%
+₹55.1b		17.7%PE62.7x
SOLARINDS Solar Industries India₹13.88k2.3%
+₹27.8b		38.7%PE95.1x
FACT Fertilisers and Chemicals Travancore₹914.553.6%
+₹20.4b		11.7%PE569.8x
COROMANDEL Coromandel International₹2.20k2.6%
+₹16.6b		28.4%PE27x

Latest News

NEOGEN
₹1,217.20
Neogen Chemicals
7D
-16.2%
1Y
-38.7%

We Think That There Are More Issues For Neogen Chemicals (NSE:NEOGEN) Than Just Sluggish Earnings

Nov 16
We Think That There Are More Issues For Neogen Chemicals (NSE:NEOGEN) Than Just Sluggish Earnings
ASIANPAINT
₹2,906.40
Asian Paints
7D
11.2%
1Y
17.0%
SHK
₹169.69
S H Kelkar
7D
-21.8%
1Y
-39.9%
500655
₹3,755.60
Garware Hi-Tech Films
7D
10.3%
1Y
-12.5%
523642
₹3,561.00
PI Industries
7D
-5.2%
1Y
-16.6%

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.
PARADEEP
₹162.71
Paradeep Phosphates
7D
-6.5%
1Y
56.0%
INDIGOPNTS
₹1,298.80
Indigo Paints
7D
29.3%
1Y
-13.4%
SOLARINDS
₹13,880.00
Solar Industries India
7D
2.3%
1Y
38.7%

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
₹2,839.15
SRF
7D
-2.0%
1Y
27.0%

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.
CHAMBLFERT
₹463.55
Chambal Fertilisers and Chemicals
7D
-3.4%
1Y
-1.3%

Chambal Fertilisers and Chemicals' (NSE:CHAMBLFERT) Profits May Be Overstating Its True Earnings Potential

Nov 12
Chambal Fertilisers and Chemicals' (NSE:CHAMBLFERT) Profits May Be Overstating Its True Earnings Potential
SUPREMEIND
₹3,709.80
Supreme Industries
7D
-3.2%
1Y
-18.3%

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
₹579.35
Berger Paints India
7D
8.9%
1Y
17.7%

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.
512070
₹759.25
UPL
7D
1.5%
1Y
44.5%

512070: Upcoming Board Decisions And Steady Financials Will Shape Outlook

Analysts have raised their price target for UPL from $736.09 to $756.34. They cite modest improvements in profit margin and revenue growth forecasts as the reason for this adjustment.
523457
₹5,744.90
Linde India
7D
-2.1%
1Y
-15.8%
COROMANDEL
₹2,202.70
Coromandel International
7D
2.6%
1Y
28.4%

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
FACT
₹914.55
Fertilisers and Chemicals Travancore
7D
3.6%
1Y
11.7%