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Indian (NIFTY) Chemicals Industry Analysis
UpdatedOct 27, 2025
DataAggregated Company Financials
Companies354
- 7D-0.3%
- 3M-3.7%
- 1Y-1.7%
- YTD2.3%
Last week, the Chemicals industry hasn't moved much but Garware Hi-Tech Films is up 15% in that time. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 20% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 27 Oct 2025 | ₹19.4t | ₹6.9t | ₹457.9b | 26.4x | 42.3x | 2.8x |
| Wed, 24 Sep 2025 | ₹19.7t | ₹6.9t | ₹457.0b | 26.6x | 43x | 2.9x |
| Fri, 22 Aug 2025 | ₹20.1t | ₹6.9t | ₹456.5b | 27.2x | 44.1x | 2.9x |
| Sun, 20 Jul 2025 | ₹20.3t | ₹6.8t | ₹445.3b | 29.6x | 45.7x | 3x |
| Tue, 17 Jun 2025 | ₹19.9t | ₹6.7t | ₹442.4b | 28.6x | 44.9x | 2.9x |
| Thu, 15 May 2025 | ₹18.8t | ₹6.7t | ₹433.7b | 25.5x | 43.3x | 2.8x |
| Sat, 12 Apr 2025 | ₹17.7t | ₹6.6t | ₹410.2b | 24.3x | 43x | 2.7x |
| Mon, 10 Mar 2025 | ₹17.2t | ₹6.6t | ₹410.2b | 25.4x | 41.8x | 2.6x |
| Wed, 05 Feb 2025 | ₹18.2t | ₹6.5t | ₹395.4b | 28.1x | 46.1x | 2.8x |
| Fri, 03 Jan 2025 | ₹18.8t | ₹6.4t | ₹367.9b | 31.8x | 51x | 2.9x |
| Sun, 01 Dec 2024 | ₹19.3t | ₹6.4t | ₹367.7b | 32.6x | 52.6x | 3x |
| Tue, 29 Oct 2024 | ₹19.6t | ₹6.4t | ₹366.8b | 33.4x | 53.4x | 3.1x |
| Thu, 26 Sep 2024 | ₹21.2t | ₹6.4t | ₹369.5b | 35.9x | 57.3x | 3.3x |
| Sat, 24 Aug 2024 | ₹20.6t | ₹6.4t | ₹368.7b | 35.3x | 55.9x | 3.2x |
| Mon, 22 Jul 2024 | ₹19.6t | ₹6.4t | ₹378.0b | 34.5x | 51.9x | 3.1x |
| Wed, 19 Jun 2024 | ₹19.2t | ₹6.4t | ₹382.5b | 32.5x | 50.1x | 3x |
| Fri, 17 May 2024 | ₹17.8t | ₹6.4t | ₹377.7b | 30.2x | 47.1x | 2.8x |
| Sun, 14 Apr 2024 | ₹17.6t | ₹6.5t | ₹410.6b | 30.6x | 43x | 2.7x |
| Tue, 12 Mar 2024 | ₹17.0t | ₹6.5t | ₹411.0b | 28.9x | 41.3x | 2.6x |
| Thu, 08 Feb 2024 | ₹17.2t | ₹6.6t | ₹450.2b | 30.6x | 38.3x | 2.6x |
| Sat, 06 Jan 2024 | ₹18.1t | ₹6.8t | ₹485.5b | 30.6x | 37.3x | 2.7x |
| Mon, 04 Dec 2023 | ₹17.0t | ₹6.8t | ₹485.5b | 28.4x | 35x | 2.5x |
| Wed, 01 Nov 2023 | ₹16.1t | ₹6.9t | ₹517.8b | 26.9x | 31.1x | 2.3x |
| Fri, 29 Sep 2023 | ₹16.4t | ₹6.9t | ₹513.6b | 26.7x | 32x | 2.4x |
| Sun, 27 Aug 2023 | ₹16.3t | ₹6.9t | ₹514.5b | 26.3x | 31.7x | 2.4x |
| Tue, 25 Jul 2023 | ₹16.1t | ₹7.1t | ₹561.9b | 22.2x | 28.7x | 2.3x |
| Thu, 22 Jun 2023 | ₹16.1t | ₹7.1t | ₹561.2b | 22.3x | 28.7x | 2.3x |
| Sat, 20 May 2023 | ₹15.3t | ₹7.2t | ₹610.8b | 20.6x | 25x | 2.1x |
| Mon, 17 Apr 2023 | ₹14.7t | ₹7.0t | ₹616.2b | 19.9x | 23.9x | 2.1x |
| Wed, 15 Mar 2023 | ₹14.1t | ₹7.0t | ₹614.1b | 18.8x | 23x | 2x |
| Fri, 10 Feb 2023 | ₹14.5t | ₹6.9t | ₹613.6b | 19.4x | 23.6x | 2.1x |
| Sun, 08 Jan 2023 | ₹15.2t | ₹6.7t | ₹618.4b | 19.6x | 24.6x | 2.3x |
| Tue, 06 Dec 2022 | ₹15.9t | ₹6.6t | ₹613.5b | 20x | 25.9x | 2.4x |
| Thu, 03 Nov 2022 | ₹15.7t | ₹6.3t | ₹603.5b | 19.1x | 26.1x | 2.5x |
Price to Earnings Ratio
26.1x
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 39.3x.
- 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 8.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.4% 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 Market | 0.41% | |
| Materials | -0.12% | |
| Chemicals | -0.25% | |
| Fertilizers and Agricultural Chemicals | 0.36% | |
| Specialty Chemicals | 0.13% | |
| Commodity Chemicals | 0.11% | |
| Industrial Gases | -1.64% | |
| Diversified Chemicals | -2.15% | |
Industry PE
- Investors are most optimistic about the Industrial Gases industry, which is trading close to its 3-year average PE ratio of 116x.
- Analysts expect its future annual earnings growth (28.8%) 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 30.6x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 500655 Garware Hi-Tech Films | ₹3.72k | 15.3% +₹11.5b | 4.9% | PE26.5x | |
| SHARDACROP Sharda Cropchem | ₹889.85 | 10.7% +₹7.7b | 49.8% | PE19.1x | |
| 500184 Himadri Speciality Chemical | ₹471.40 | 3.3% +₹7.3b | -14.7% | PE35.5x | |
| 509732 Kothari Industrial | ₹480.75 | 15.7% +₹7.3b | 1,121.7% | PS47.3x | |
| BHARATRAS Bharat Rasayan | ₹11.77k | 16.2% +₹6.8b | 11.7% | PE35.6x |
