Indian (NIFTY) Chemicals Industry Analysis
- 7D-3.3%
- 3M1.4%
- 1Y50.8%
- YTD33.2%
Over the last 7 days, the Chemicals industry has dropped 3.3%, driven by a pullback from Pidilite Industries of 8.5%. This takes the industry's 12 month performance to a gain of 51%.
Industry Valuation and Performance
Has the Indian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sun, 28 Nov 2021 | ₹14.6t | ₹4.7t | ₹454.3b | 17.4x |
| Tue, 26 Oct 2021 | ₹14.5t | ₹4.4t | ₹434.2b | 18.1x |
| Thu, 23 Sep 2021 | ₹15.1t | ₹4.3t | ₹430.7b | 19x |
| Sat, 21 Aug 2021 | ₹14.2t | ₹4.4t | ₹432.1b | 17.9x |
| Sat, 05 Jun 2021 | ₹12.8t | ₹4.0t | ₹361.4b | 17.8x |
| Tue, 09 Mar 2021 | ₹10.1t | ₹3.8t | ₹294.5b | 16.6x |
| Mon, 30 Nov 2020 | ₹9.0t | ₹3.7t | ₹279.3b | 17x |
| Thu, 03 Sep 2020 | ₹8.0t | ₹3.6t | ₹254.4b | 16x |
| Sun, 07 Jun 2020 | ₹6.7t | ₹3.8t | ₹271.4b | 10.4x |
| Sat, 29 Feb 2020 | ₹7.5t | ₹3.9t | ₹270.3b | 10.4x |
| Tue, 03 Dec 2019 | ₹6.9t | ₹3.9t | ₹246.6b | 11.1x |
| Fri, 06 Sep 2019 | ₹6.3t | ₹3.8t | ₹227.5b | 11x |
| Mon, 10 Jun 2019 | ₹6.6t | ₹3.7t | ₹236.7b | 13.2x |
| Sun, 03 Mar 2019 | ₹6.1t | ₹3.5t | ₹238.9b | 14.8x |
| Wed, 05 Dec 2018 | ₹6.2t | ₹3.4t | ₹248.0b | 16.5x |
16.5x
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 14.3x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Chemicals industry have grown 22% per year over the last three years, and revenues for these companies have grown 11% 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 Chemicals industry?
| Industrial Gases | -2.03% | |
| Fertilizers and Agricultural Chemicals | -2.26% | |
| Specialty Chemicals | -2.46% | |
| Commodity Chemicals | -3.41% | |
| Diversified Chemicals | -6.11% | |
Industry PE: Investors are most optimistic about the Diversified Chemicals industry, which is trading close to its 3-year average PE ratio of 25.7x. However analysts are expecting annual earnings growth of 18%, which is lower than the prior year's growth of 42% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Commodity Chemicals industry, which is trading close to its 3-year average of 12.8x.
Forecasted Growth: Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 26% over the next 5 years. However this is lower than its past earnings growth rate of 46% per year. Meanwhile, the Industrial Gases industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| 523642 PI Industries | 2.1%+₹9.2b | 32.8% | PE56x | |
| 500227 Jindal Poly Films | 9.6%+₹4.1b | 127.6% | PE5.2x | |
| 543331 Meghmani Organics | 13.7%+₹3.2b | n/a | PE11.6x | |
| FINEORG Fine Organic Industries | 2.7%+₹2.9b | 42.4% | PE76.9x | |
| 524051 Polyplex | 5.5%+₹2.9b | 142.9% | PE12.1x |