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Indian (NIFTY) Commodity Chemicals Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies148
  • 7D2.0%
  • 3M-9.8%
  • 1Y-10.5%
  • YTDn/a

Over the last 7 days, the Commodity Chemicals industry has risen 1.3%, driven by gains from Solar Industries India of 3.5%. In the same time, Garware Hi-Tech Films was down 9.6%. In the past year, the industry is down 9.4%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025₹5.0t₹2.3t₹141.7b21.3x35.3x2.2x
Fri, 21 Nov 2025₹5.3t₹2.3t₹141.7b22.4x37.3x2.3x
Sun, 19 Oct 2025₹5.4t₹2.2t₹142.5b23x38.2x2.4x
Tue, 16 Sep 2025₹5.6t₹2.2t₹143.0b23.4x39.4x2.5x
Thu, 14 Aug 2025₹5.6t₹2.2t₹145.8b22.9x38.2x2.5x
Sat, 12 Jul 2025₹5.9t₹2.2t₹147.1b25.8x39.8x2.7x
Mon, 09 Jun 2025₹5.9t₹2.2t₹147.1b24.1x40x2.7x
Wed, 07 May 2025₹5.1t₹2.2t₹135.3b21.8x37.9x2.4x
Fri, 04 Apr 2025₹5.0t₹2.2t₹135.3b21.5x37.2x2.3x
Sun, 02 Mar 2025₹4.5t₹2.2t₹135.3b20.9x33.5x2.1x
Tue, 28 Jan 2025₹4.9t₹2.1t₹118.2b24.9x41.4x2.3x
Thu, 26 Dec 2024₹5.5t₹2.1t₹118.4b28.6x46.8x2.6x
Sat, 23 Nov 2024₹5.4t₹2.1t₹118.4b28.1x45.8x2.6x
Mon, 21 Oct 2024₹6.1t₹2.1t₹114.8b29.8x52.7x2.9x
Wed, 18 Sep 2024₹6.2t₹2.1t₹116.8b29.8x52.9x3x
Fri, 16 Aug 2024₹5.7t₹2.1t₹115.3b28.1x49.7x2.8x
Sun, 14 Jul 2024₹5.9t₹2.0t₹120.5b29x49x2.9x
Tue, 11 Jun 2024₹5.2t₹2.0t₹107.2b26.9x48.9x2.6x
Thu, 09 May 2024₹5.1t₹2.0t₹120.4b27.5x42.4x2.5x
Sat, 06 Apr 2024₹5.0t₹2.1t₹136.1b27.4x36.7x2.4x
Mon, 04 Mar 2024₹4.8t₹2.1t₹136.6b25.8x34.9x2.3x
Wed, 31 Jan 2024₹4.7t₹2.1t₹156.3b24.5x30.2x2.3x
Fri, 29 Dec 2023₹4.8t₹2.1t₹157.4b24x30.3x2.3x
Sun, 26 Nov 2023₹4.5t₹2.1t₹155.8b23x28.9x2.2x
Tue, 24 Oct 2023₹4.3t₹2.1t₹172.7b21.3x24.9x2x
Thu, 21 Sep 2023₹4.4t₹2.1t₹169.5b21.5x25.9x2.1x
Sat, 19 Aug 2023₹4.1t₹2.1t₹170.0b21.9x24.3x2x
Mon, 17 Jul 2023₹3.8t₹2.1t₹181.1b19.3x21.1x1.8x
Wed, 14 Jun 2023₹3.8t₹2.1t₹181.2b19.5x20.8x1.8x
Fri, 12 May 2023₹3.6t₹2.2t₹213.3b14.5x17.1x1.7x
Sun, 09 Apr 2023₹3.4t₹2.2t₹209.6b13.6x16.4x1.6x
Tue, 07 Mar 2023₹3.5t₹2.2t₹207.8b13.7x16.7x1.6x
Thu, 02 Feb 2023₹3.4t₹2.1t₹215.6b14.1x16x1.6x
Sat, 31 Dec 2022₹3.6t₹2.1t₹214.8b14.7x16.8x1.7x
Price to Earnings Ratio

16.8x


Total Market Cap: ₹3.6tTotal Earnings: ₹214.8bTotal Revenue: ₹2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Commodity Chemicals Industry Price to Earnings3Y Average 34.3x202320242025
Current Industry PE
  • Investors are relatively neutral on the Indian Commodity 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 34.3x.
  • The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Commodity Chemicals industry have declined 13% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.3% 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 Comparison

How does Indian Commodity Chemicals compare with similar industries?

IN Market1.42%
Materials1.87%
Chemicals1.18%
Commodity Chemicals1.96%
Fertilizers and Agricultural Chemicals1.70%
Diversified Chemicals1.02%
Specialty Chemicals0.59%
Industrial Gases-2.53%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SOLARINDS Solar Industries India₹12.55k5.3%
+₹56.7b		23.2%PE85.9x
506401 Deepak Nitrite₹1.69k6.0%
+₹13.0b		-34.8%PE43.1x
509480 Berger Paints India₹543.851.0%
+₹6.3b		22.5%PE58.8x
500184 Himadri Speciality Chemical₹482.002.5%
+₹6.0b		-12.5%PE37.1x
524019 Kingfa Science & Technology (India)₹4.25k11.4%
+₹5.9b		22.0%PE36.6x

Latest News

524019
₹4,253.60
Kingfa Science & Technology (India)
7D
11.4%
1Y
22.0%
532853
₹270.05
Asahi Songwon Colors
7D
-13.4%
1Y
-26.2%
506401
₹1,693.10
Deepak Nitrite
7D
6.0%
1Y
-34.8%

506401: Upcoming Board Review Will Reinforce Confidence In Stable Margins

Analysts have modestly trimmed their price target on Deepak Nitrite by recalibrating the discount rate and long term valuation assumptions. This has resulted in a slightly lower fair value estimate in rupee terms, while growth and margin expectations remain broadly unchanged.
PCBL
₹308.40
PCBL Chemical
7D
-0.8%
1Y
-32.6%

PCBL: Leadership Transition And Margin Pressures Will Shape A Balanced Outlook

Analysts have trimmed their price target for PCBL Chemical from ₹394 to ₹340, citing a higher required return and softer margin outlook, partially offset by stronger expected revenue growth and slightly lower valuation multiples. What's in the News Resignation of Managing Director Kaushik Roy effective November 3, 2025, following a board meeting, with the company citing personal reasons for his departure (Key Developments) Special shareholders meeting on December 11, 2025 via postal ballot to consider the appointment of Nilesh Koul as the new Managing Director (Key Developments) Board meeting on October 17, 2025 to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to consider an interim dividend and record date for fiscal 2026 (Key Developments) Valuation Changes Fair Value Estimate revised downward from ₹394 to ₹340, indicating a meaningful reduction in the intrinsic value assessment.
532468
₹2,858.40
KAMA Holdings
7D
-0.7%
1Y
12.7%
SOLARINDS
₹12,545.00
Solar Industries India
7D
5.3%
1Y
23.2%

SOLARINDS: Export Wins And Defence Orders Will Drive Multi Year Upside

Analysts have marginally raised their price target on Solar Industries India by maintaining a fair value estimate of ₹17,146.29, while fine tuning assumptions on discount rate, revenue growth, profit margin, and future P/E to reflect a slightly improved long term risk reward profile. What's in the News Secured export orders worth INR 14,000 million for defence products from international clients, to be executed over four years (Key Developments) Received a major domestic order of INR 4,830 million for supply of bulk explosives to SECL, a subsidiary of Coal India Limited, with a two-year delivery schedule (Key Developments) Scheduled a board meeting on November 10, 2025, to review unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, and to approve a postal ballot notice (Key Developments) Plans to seek shareholder approval via postal ballot for appointing Smt.
500770
₹776.65
Tata Chemicals
7D
2.7%
1Y
-27.2%

500770: Expansion Plans And Margin Outlook Will Drive Upside Potential

Analysts have modestly reduced their price target for Tata Chemicals from ₹1,127 to about ₹1,075, citing slightly lower growth expectations and a higher discount rate, partially offset by improved profit margin assumptions and a more conservative future valuation multiple. What's in the News The board will consider investments of about ₹135 crore to expand dense soda ash manufacturing capacity at the Mithapur plant and about ₹775 crore to expand precipitated silica capacity at the Cuddalore, Tamil Nadu plant, at the November 21, 2025 board meeting (company filing).
509480
₹543.85
Berger Paints India
7D
1.0%
1Y
22.5%

509480: Lower Discount Rate Signals Stronger Long Term Upside Potential

Analysts have modestly raised their fair value estimate for Berger Paints India from ₹670 to ₹700 per share, citing slightly lower discount rate assumptions and a marginally stronger long term revenue growth outlook. These factors more than offset a flat profit margin profile and a richer expected future P E multiple.
SUPREMEIND
₹3,350.90
Supreme Industries
7D
-1.6%
1Y
-29.6%

SUPREMEIND: Interim Dividend And Stable Outlook Will Support Future Shareholder Returns

Narrative Update on Supreme Industries Analysts have maintained their price target for Supreme Industries at ₹4,263.86, citing only marginal refinements to discount rate, revenue growth, profit margin, and future P E assumptions that did not warrant a change in fair value. What's in the News Board approves an interim dividend of INR 11 per share (550 percent on face value of INR 2) for FY 2025-26, with a record date of 3 November 2025 and payment to eligible shareholders thereafter (company board resolution).
500655
₹3,213.35
Garware Hi-Tech Films
7D
-9.6%
1Y
-37.6%
500870
₹185.90
Castrol India
7D
1.8%
1Y
-6.2%
EPIGRAL
₹1,336.90
Epigral
7D
-5.7%
1Y
-28.0%

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507753
₹113.35
TGV SRAAC
7D
-3.9%
1Y
6.4%
500339
₹125.40
Rain Industries
7D
12.6%
1Y
-27.4%
CARBORUNIV
₹851.55
Carborundum Universal
7D
-1.2%
1Y
-34.1%
500184
₹482.00
Himadri Speciality Chemical
7D
2.5%
1Y
-12.5%