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Indian (NIFTY) Chemicals Industry Analysis

UpdatedNov 25, 2025
DataAggregated Company Financials
Companies354
  • 7D-2.0%
  • 3M-4.2%
  • 1Y-1.2%
  • YTD0.4%

Over the last 7 days, the Chemicals industry has dropped 2.0%, driven by Solar Industries India declining 2.5%. Over the last year, the industry has been flat overall. 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, 27 Nov 2025₹19.0t₹7.1t₹495.6b23.9x38.3x2.7x
Sat, 25 Oct 2025₹19.4t₹6.9t₹458.2b26.4x42.2x2.8x
Mon, 22 Sep 2025₹20.0t₹6.9t₹457.0b27.2x43.7x2.9x
Wed, 20 Aug 2025₹20.1t₹6.9t₹456.5b27.1x44x2.9x
Fri, 18 Jul 2025₹20.5t₹6.8t₹444.9b30x46.1x3x
Sun, 15 Jun 2025₹19.8t₹6.7t₹442.4b27.6x44.7x2.9x
Tue, 13 May 2025₹18.7t₹6.7t₹422.3b24.8x44.2x2.8x
Thu, 10 Apr 2025₹17.2t₹6.6t₹410.2b23.7x41.9x2.6x
Sat, 08 Mar 2025₹17.2t₹6.6t₹410.2b25.4x41.8x2.6x
Mon, 03 Feb 2025₹18.1t₹6.5t₹396.9b27.8x45.6x2.8x
Wed, 01 Jan 2025₹18.5t₹6.4t₹367.8b31.5x50.3x2.9x
Fri, 29 Nov 2024₹19.1t₹6.4t₹367.7b32.5x52x3x
Sun, 27 Oct 2024₹19.4t₹6.4t₹366.8b32.4x52.8x3x
Tue, 24 Sep 2024₹21.1t₹6.4t₹369.5b36x57.2x3.3x
Thu, 22 Aug 2024₹20.5t₹6.4t₹368.7b34.7x55.5x3.2x
Sat, 20 Jul 2024₹19.7t₹6.3t₹377.5b34.5x52.1x3.1x
Mon, 17 Jun 2024₹19.0t₹6.4t₹382.5b33.1x49.7x3x
Wed, 15 May 2024₹17.7t₹6.4t₹377.5b30.5x46.8x2.7x
Fri, 12 Apr 2024₹17.8t₹6.5t₹410.6b30.3x43.2x2.7x
Sun, 10 Mar 2024₹17.1t₹6.5t₹411.0b29.8x41.6x2.6x
Tue, 06 Feb 2024₹17.0t₹6.7t₹454.1b30.7x37.5x2.5x
Thu, 04 Jan 2024₹18.1t₹6.8t₹485.5b30.6x37.4x2.7x
Sat, 02 Dec 2023₹17.0t₹6.8t₹485.5b28.4x35x2.5x
Mon, 30 Oct 2023₹15.9t₹6.9t₹518.1b26.7x30.6x2.3x
Wed, 27 Sep 2023₹16.6t₹6.9t₹513.5b26.9x32.4x2.4x
Fri, 25 Aug 2023₹16.3t₹6.9t₹514.5b26.6x31.7x2.4x
Sun, 23 Jul 2023₹16.1t₹7.1t₹561.9b22.2x28.7x2.3x
Tue, 20 Jun 2023₹16.0t₹7.1t₹561.2b22.5x28.5x2.3x
Thu, 18 May 2023₹15.3t₹7.1t₹614.8b20.7x25x2.2x
Sat, 15 Apr 2023₹14.7t₹7.0t₹616.2b19.9x23.9x2.1x
Mon, 13 Mar 2023₹14.5t₹7.0t₹614.1b19.6x23.6x2.1x
Wed, 08 Feb 2023₹14.4t₹6.8t₹614.1b19.7x23.4x2.1x
Fri, 06 Jan 2023₹15.3t₹6.7t₹618.4b19.6x24.8x2.3x
Sun, 04 Dec 2022₹15.8t₹6.6t₹613.5b19.5x25.8x2.4x
Price to Earnings Ratio

25.8x


Total Market Cap: ₹15.8tTotal Earnings: ₹613.5bTotal Revenue: ₹6.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Chemicals Industry Price to Earnings3Y Average 39.7x202320242025
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 39.7x.
  • 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 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 Market-1.19%
Materials-2.33%
Chemicals-1.99%
Industrial Gases1.80%
Fertilizers and Agricultural Chemicals-1.13%
Diversified Chemicals-1.48%
Specialty Chemicals-1.95%
Commodity Chemicals-3.45%
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 27.6%, 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 31.0x.
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
COROMANDEL Coromandel International₹2.30k2.6%
+₹16.9b		30.7%PE28.2x
ANURAS Anupam Rasayan India₹1.23k10.2%
+₹13.0b		70.0%PE92.8x
DCMSHRIRAM DCM Shriram₹1.26k6.9%
+₹13.0b		10.4%PE28.2x
PIDILITIND Pidilite Industries₹1.48k0.5%
+₹7.8b		-2.5%PE67.9x
CARBORUNIV Carborundum Universal₹876.554.4%
+₹7.0b		-38.6%PE83.3x

Latest News

PIDILITIND
₹1,484.40
Pidilite Industries
7D
0.5%
1Y
-2.5%

PIDILITIND: Upcoming Stock Split Will Drive Renewed Bullish Momentum

Analysts have raised their price target for Pidilite Industries from ₹1,637.55 to ₹1,715.75. This change reflects updated assessments of its valuation metrics and forward earnings outlook.
ASTEC
₹891.75
Astec LifeSciences
7D
42.6%
1Y
-16.1%

Astec LifeSciences Limited (NSE:ASTEC) Looks Just Right With A 33% Price Jump

Nov 25
Astec LifeSciences Limited (NSE:ASTEC) Looks Just Right With A 33% Price Jump
512070
₹760.55
UPL
7D
1.1%
1Y
38.8%
COROMANDEL
₹2,298.00
Coromandel International
7D
2.6%
1Y
30.7%

Here's Why We Think Coromandel International (NSE:COROMANDEL) Might Deserve Your Attention Today

Nov 22
Here's Why We Think Coromandel International (NSE:COROMANDEL) Might Deserve Your Attention Today
DCMSHRIRAM
₹1,259.00
DCM Shriram
7D
6.9%
1Y
10.4%

Earnings Not Telling The Story For DCM Shriram Limited (NSE:DCMSHRIRAM)

Nov 21
Earnings Not Telling The Story For DCM Shriram Limited (NSE:DCMSHRIRAM)
FACT
₹874.90
Fertilisers and Chemicals Travancore
7D
-3.1%
1Y
0.8%

Fertilisers and Chemicals Travancore (NSE:FACT) Has A Pretty Healthy Balance Sheet

Nov 20
Fertilisers and Chemicals Travancore (NSE:FACT) Has A Pretty Healthy Balance Sheet
ANURAS
₹1,231.80
Anupam Rasayan India
7D
10.2%
1Y
70.0%

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
532504
₹5,814.75
Navin Fluorine International
7D
-3.4%
1Y
66.2%

532504: Capital Expenditure And Dividend Will Shape Near-Term Performance

Analysts have raised their price target for Navin Fluorine International by approximately ₹400 to ₹5,720. They cited a slight reduction in the discount rate and stable profit expectations as key factors in their updated valuation.
506401
₹1,567.05
Deepak Nitrite
7D
-8.5%
1Y
-42.4%

506401: Upcoming Board Review Will Address Key Financial Chart Points

Analysts have revised Deepak Nitrite's fair value estimate downward from ₹1,958.71 to ₹1,855.59. This change reflects updated assumptions about the company's future growth and market environment.
ASIANPAINT
₹2,874.00
Asian Paints
7D
-0.7%
1Y
15.3%
SOLARINDS
₹13,460.00
Solar Industries India
7D
-2.5%
1Y
30.8%

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
₹2,808.50
SRF
7D
0.7%
1Y
22.3%

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
₹3,463.90
Supreme Industries
7D
-3.5%
1Y
-24.4%

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
₹575.85
Berger Paints India
7D
-2.2%
1Y
17.4%

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.
523457
₹5,929.15
Linde India
7D
-2.3%
1Y
-15.8%
CARBORUNIV
₹876.55
Carborundum Universal
7D
4.4%
1Y
-38.6%