Is Now The Time To Put Pidilite Industries (NSE:PIDILITIND) On Your Watchlist?
Nov 23
Indian (NIFTY) Chemicals Industry Analysis
UpdatedDec 01, 2023
DataAggregated Company Financials
Companies315
- 7D0.8%
- 3M-0.2%
- 1Y6.2%
- YTD9.0%
The Chemicals is pretty flat in the last 7 days, but Supreme Industries has stood out, gaining 8.0%. The past year has been better, since the industry has gained 6.2% in that time. As for the next few years, earnings are expected to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Fri, 01 Dec 2023 | ₹16.8t | ₹6.8t | ₹485.5b | 28x | 34.7x | 2.5x |
| Sun, 29 Oct 2023 | ₹15.9t | ₹6.9t | ₹518.1b | 26.7x | 30.6x | 2.3x |
| Tue, 26 Sep 2023 | ₹16.7t | ₹6.9t | ₹513.5b | 27x | 32.5x | 2.4x |
| Thu, 24 Aug 2023 | ₹16.2t | ₹6.9t | ₹514.5b | 26.3x | 31.4x | 2.3x |
| Sat, 22 Jul 2023 | ₹16.1t | ₹7.1t | ₹562.4b | 22.2x | 28.7x | 2.3x |
| Mon, 19 Jun 2023 | ₹16.0t | ₹7.1t | ₹561.2b | 22.5x | 28.5x | 2.3x |
| Wed, 17 May 2023 | ₹15.4t | ₹7.1t | ₹615.0b | 20.2x | 25x | 2.2x |
| Fri, 14 Apr 2023 | ₹14.7t | ₹7.0t | ₹616.0b | 20x | 23.9x | 2.1x |
| Sun, 12 Mar 2023 | ₹14.5t | ₹7.0t | ₹614.1b | 19.6x | 23.6x | 2.1x |
| Tue, 07 Feb 2023 | ₹14.4t | ₹6.8t | ₹614.4b | 19.8x | 23.4x | 2.1x |
| Thu, 05 Jan 2023 | ₹15.3t | ₹6.7t | ₹618.1b | 20x | 24.8x | 2.3x |
| Sat, 03 Dec 2022 | ₹15.8t | ₹6.6t | ₹613.5b | 19.5x | 25.8x | 2.4x |
| Mon, 31 Oct 2022 | ₹15.5t | ₹6.2t | ₹600.8b | 19.1x | 25.8x | 2.5x |
| Wed, 28 Sep 2022 | ₹16.1t | ₹6.2t | ₹595.6b | 19.2x | 27x | 2.6x |
| Fri, 26 Aug 2022 | ₹16.1t | ₹6.2t | ₹595.4b | 18.4x | 27x | 2.6x |
| Sun, 24 Jul 2022 | ₹14.9t | ₹5.7t | ₹540.4b | 18.3x | 27.6x | 2.6x |
| Tue, 21 Jun 2022 | ₹13.2t | ₹5.6t | ₹536.2b | 15.9x | 24.7x | 2.4x |
| Thu, 19 May 2022 | ₹14.7t | ₹5.3t | ₹504.4b | 18.1x | 29.2x | 2.8x |
| Sat, 16 Apr 2022 | ₹15.7t | ₹5.1t | ₹484.9b | 20x | 32.5x | 3.1x |
| Mon, 14 Mar 2022 | ₹14.5t | ₹5.1t | ₹481.8b | 17.8x | 30x | 2.8x |
| Wed, 09 Feb 2022 | ₹15.4t | ₹4.9t | ₹485.7b | 19.6x | 31.7x | 3.1x |
| Fri, 07 Jan 2022 | ₹16.0t | ₹4.7t | ₹454.5b | 23.5x | 35.2x | 3.4x |
| Sun, 05 Dec 2021 | ₹14.8t | ₹4.7t | ₹455.0b | 17.4x | 32.6x | 3.1x |
| Tue, 02 Nov 2021 | ₹14.8t | ₹4.5t | ₹442.9b | 18.3x | 33.5x | 3.3x |
| Thu, 30 Sep 2021 | ₹15.2t | ₹4.3t | ₹430.7b | 19.2x | 35.3x | 3.5x |
| Sat, 28 Aug 2021 | ₹14.2t | ₹4.4t | ₹432.1b | 18x | 32.8x | 3.2x |
| Sun, 04 Jul 2021 | ₹13.3t | ₹4.3t | ₹425.0b | 16x | 31.2x | 3.1x |
| Wed, 07 Apr 2021 | ₹10.9t | ₹4.0t | ₹361.4b | 14.2x | 30.1x | 2.7x |
| Sat, 09 Jan 2021 | ₹10.1t | ₹3.7t | ₹293.8b | 16.2x | 34.2x | 2.7x |
Price to Earnings Ratio
32.2x
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 34.7x which is higher than its 3-year average PE of 30.0x.
- The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have grown 20% per year over the last three years.
- Revenues for these companies have grown 23% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Materials industry?
| IN Market | 1.96% | |
| Materials | 1.58% | |
| Chemicals | 0.76% | |
| Fertilizers and Agricultural Chemicals | 1.53% | |
| Diversified Chemicals | 1.22% | |
| Specialty Chemicals | 0.66% | |
| Commodity Chemicals | 0.54% | |
| Industrial Gases | -3.27% | |
Industry PE
- Investors are most optimistic about the Industrial Gases industry which is trading above its 3-year average PE ratio of 70.8x.
- Analysts are expecting annual earnings growth of 35.8%, which is higher than its past year's earnings decline of 38.0% per year.
- Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 17.5x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Gases industry, expecting annual earnings growth of 36% over the next 5 years.
- This is better than its past earnings decline of 38% per year.
- In contrast, the Commodity 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SUPREMEIND Supreme Industries | ₹4.46k | 8.0% +₹42.1b | 77.9% | PE55.1x | |
| ASIANPAINT Asian Paints | ₹3.17k | 1.2% +₹35.7b | 1.0% | PE60.1x | |
| PIDILITIND Pidilite Industries | ₹2.56k | 2.3% +₹29.6b | -6.4% | PE86.6x | |
| FACT Fertilisers and Chemicals Travancore | ₹730.25 | 4.2% +₹19.0b | 399.3% | PE92.9x | |
| 509480 Berger Paints India | ₹586.05 | 2.2% +₹15.0b | 14.2% | PE66.2x |
