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Indian (NIFTY) Chemicals Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies349
  • 7D0.6%
  • 3M-1.0%
  • 1Y-8.2%
  • YTD5.2%

Over the last 7 days, the Chemicals industry has remained flat, although notably Solar Industries India gained 3.9%. Unfortunately though, the industry is down 8.2% over the past 12 months. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025₹19.9t₹6.9t₹457.0b27x43.5x2.9x
Thu, 14 Aug 2025₹19.8t₹6.9t₹458.4b26.4x43.2x2.9x
Sat, 12 Jul 2025₹20.4t₹6.8t₹443.6b29x46x3x
Mon, 09 Jun 2025₹19.8t₹6.7t₹442.7b27.6x44.8x2.9x
Wed, 07 May 2025₹18.3t₹6.6t₹415.1b24.1x44.1x2.8x
Fri, 04 Apr 2025₹17.8t₹6.6t₹410.2b24.8x43.3x2.7x
Sun, 02 Mar 2025₹16.2t₹6.6t₹410.1b23.2x39.6x2.5x
Tue, 28 Jan 2025₹17.3t₹6.5t₹369.6b27.8x46.9x2.7x
Thu, 26 Dec 2024₹18.7t₹6.4t₹367.6b32.1x50.8x2.9x
Sat, 23 Nov 2024₹18.6t₹6.4t₹367.7b31.4x50.7x2.9x
Mon, 21 Oct 2024₹20.6t₹6.4t₹367.7b36x56x3.2x
Wed, 18 Sep 2024₹21.3t₹6.4t₹369.1b36.3x57.6x3.3x
Fri, 16 Aug 2024₹19.8t₹6.4t₹367.0b34.1x54x3.1x
Sun, 14 Jul 2024₹20.1t₹6.3t₹380.7b34.8x52.8x3.2x
Tue, 11 Jun 2024₹18.2t₹6.3t₹367.9b31.4x49.5x2.9x
Thu, 09 May 2024₹17.6t₹6.5t₹387.2b30.2x45.4x2.7x
Sat, 06 Apr 2024₹17.6t₹6.5t₹410.6b30.1x42.9x2.7x
Mon, 04 Mar 2024₹17.1t₹6.5t₹410.6b30.5x41.6x2.6x
Wed, 31 Jan 2024₹17.1t₹6.8t₹488.4b30.3x35.1x2.5x
Fri, 29 Dec 2023₹17.9t₹6.8t₹485.5b30.1x37x2.7x
Sun, 26 Nov 2023₹16.7t₹6.7t₹483.9b27.9x34.5x2.5x
Tue, 24 Oct 2023₹16.1t₹6.9t₹515.8b26.7x31.3x2.3x
Thu, 21 Sep 2023₹16.7t₹6.9t₹513.6b27.2x32.5x2.4x
Sat, 19 Aug 2023₹15.9t₹6.9t₹485.6b25.9x32.8x2.3x
Mon, 17 Jul 2023₹15.9t₹7.1t₹561.6b22x28.3x2.2x
Wed, 14 Jun 2023₹15.8t₹7.1t₹561.1b21.8x28.1x2.2x
Fri, 12 May 2023₹15.4t₹7.1t₹607.9b20.2x25.4x2.2x
Sun, 09 Apr 2023₹14.4t₹7.0t₹616.0b19.7x23.4x2.1x
Tue, 07 Mar 2023₹14.6t₹7.0t₹614.1b19.7x23.7x2.1x
Thu, 02 Feb 2023₹14.4t₹6.7t₹616.3b19.6x23.3x2.1x
Sat, 31 Dec 2022₹15.5t₹6.7t₹618.2b20x25.1x2.3x
Mon, 28 Nov 2022₹15.5t₹6.6t₹613.5b19.6x25.3x2.3x
Wed, 26 Oct 2022₹15.7t₹6.2t₹595.8b19.2x26.3x2.5x
Fri, 23 Sep 2022₹16.6t₹6.2t₹595.6b19.9x27.8x2.7x
Price to Earnings Ratio

27.8x


Total Market Cap: ₹16.6tTotal Earnings: ₹595.6bTotal Revenue: ₹6.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Chemicals Industry Price to Earnings3Y Average 38.7x202320242025
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 43.5x which is higher than its 3-year average PE of 38.7x.
  • 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 8.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.8% 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 Market1.58%
Materials0.76%
Chemicals0.65%
Commodity Chemicals2.16%
Industrial Gases0.71%
Specialty Chemicals0.47%
Diversified Chemicals0.08%
Fertilizers and Agricultural Chemicals-0.53%
Industry PE
  • Investors are most optimistic about the Industrial Gases industry, which is trading close to its 3-year average PE ratio of 115x.
    • Analysts expect its future annual earnings growth (29.5%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading close to its 3-year average of 30.0x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Gases industry, expecting annual earnings growth of 29% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 19% 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
SOLARINDS Solar Industries India₹14.48k3.9%
+₹49.7b		34.5%PE103.9x
FLUOROCHEM Gujarat Fluorochemicals₹3.71k10.1%
+₹37.4b		-17.3%PE65.5x
503806 SRF₹2.95k2.1%
+₹17.7b		21.0%PE61.1x
FACT Fertilisers and Chemicals Travancore₹996.852.0%
+₹12.9b		0.9%PE684.9x
COROMANDEL Coromandel International₹2.22k1.4%
+₹8.8b		29.9%PE28.9x

Latest News

RALLIS
₹336.50
Rallis India
7D
-6.9%
1Y
3.7%

These 4 Measures Indicate That Rallis India (NSE:RALLIS) Is Using Debt Safely

Sep 16
These 4 Measures Indicate That Rallis India (NSE:RALLIS) Is Using Debt Safely
500655
₹3,330.15
Garware Hi-Tech Films
7D
10.1%
1Y
2.5%
FACT
₹996.85
Fertilisers and Chemicals Travancore
7D
2.0%
1Y
0.9%

Unpleasant Surprises Could Be In Store For The Fertilisers and Chemicals Travancore Limited's (NSE:FACT) Shares

Sep 11
Unpleasant Surprises Could Be In Store For The Fertilisers and Chemicals Travancore Limited's (NSE:FACT) Shares
PARADEEP
₹167.24
Paradeep Phosphates
7D
-9.5%
1Y
92.0%
FLUOROCHEM
₹3,708.60
Gujarat Fluorochemicals
7D
10.1%
1Y
-17.3%
503806
₹2,948.10
SRF
7D
2.1%
1Y
21.0%

Sustainability And Capacity Upgrades Will Transform Specialty Chemicals

With no meaningful change in either the discount rate or forward P/E multiple, analysts have maintained SRF's fair value estimate at ₹3105. What's in the News SRF Limited has entered into strategic agreements with The Chemours Company to strengthen Chemours' global supply chain for fluoropolymers and fluoroelastomers, leveraging SRF's manufacturing capabilities.
COROMANDEL
₹2,215.00
Coromandel International
7D
1.4%
1Y
29.9%

Robust Domestic Agriculture And Green Diversification Will Drive New Markets

With negligible changes in both the discount rate and future P/E, the consensus analyst price target for Coromandel International remains effectively unchanged at ₹2596. What's in the News Board meeting scheduled to approve unaudited Q1 FY26 financial results.
PIDILITIND
₹3,074.10
Pidilite Industries
7D
-1.0%
1Y
-7.0%

Rural Markets And Premium Products Will Redefine Industry Landscape

With both the discount rate and future P/E holding nearly steady, analysts have maintained Pidilite Industries’ fair value estimate at ₹3275. What's in the News Special/Extraordinary Shareholders Meeting via postal ballot scheduled for September 11, 2025.
SOLARINDS
₹14,484.00
Solar Industries India
7D
3.9%
1Y
34.5%

International Expansion Will Reshape Global Defense Manufacturing

With no new analyst reasoning provided, both the discount rate (13.46%) and revenue growth forecast (28.1% per annum) for Solar Industries India remained steady, resulting in a consensus analyst price target that is unchanged at ₹16,884. What's in the News Board meeting scheduled to consider and approve Q1 FY26 unaudited standalone and consolidated financial results.
ASIANPAINT
₹2,502.60
Asian Paints
7D
-1.1%
1Y
-25.0%

India Urbanization And Affordable Housing Will Open New Opportunities

With no significant changes in either Future P/E or consensus revenue growth forecasts, the analyst fair value estimate for Asian Paints remains effectively unchanged at ₹2431. What's in the News PPG Industries and Asian Paints extended their joint venture agreements in India for 15 years, continuing collaboration in coatings across various sectors; each company retains management control of respective JV entities.
524709
₹241.85
NACL Industries
7D
-9.4%
1Y
332.0%
500184
₹465.85
Himadri Speciality Chemical
7D
3.0%
1Y
-21.5%
SUMICHEM
₹552.50
Sumitomo Chemical India
7D
-2.3%
1Y
-6.7%

These 4 Measures Indicate That Sumitomo Chemical India (NSE:SUMICHEM) Is Using Debt Safely

Aug 28
These 4 Measures Indicate That Sumitomo Chemical India (NSE:SUMICHEM) Is Using Debt Safely
DCMSHRIRAM
₹1,217.80
DCM Shriram
7D
-2.2%
1Y
12.5%

Increases to DCM Shriram Limited's (NSE:DCMSHRIRAM) CEO Compensation Might Cool off for now

Aug 06
Increases to DCM Shriram Limited's (NSE:DCMSHRIRAM) CEO Compensation Might Cool off for now
512070
₹693.65
UPL
7D
-1.8%
1Y
13.0%
500770
₹975.85
Tata Chemicals
7D
3.4%
1Y
-6.4%