Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Commodity Chemicals Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies150
  • 7D-0.3%
  • 3M-8.5%
  • 1Y-4.9%
  • YTDn/a

The Commodity Chemicals industry is up 1.7% in the last week, with Garware Hi-Tech Films up 41%. In the past year, the industry is down 4.7%. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026₹4.5t₹2.2t₹132.5b19.3x33.7x2x
Mon, 05 Jan 2026₹5.0t₹2.3t₹141.8b20.8x35.3x2.2x
Wed, 03 Dec 2025₹5.1t₹2.3t₹141.8b21.4x35.9x2.3x
Fri, 31 Oct 2025₹5.4t₹2.2t₹142.6b23.1x38x2.4x
Sun, 28 Sep 2025₹5.4t₹2.2t₹143.0b23.5x37.9x2.4x
Tue, 26 Aug 2025₹5.6t₹2.2t₹143.0b23.3x39.2x2.5x
Thu, 24 Jul 2025₹5.8t₹2.2t₹146.3b24.8x39.4x2.6x
Sat, 21 Jun 2025₹5.8t₹2.2t₹147.3b23.9x39.3x2.6x
Mon, 19 May 2025₹5.5t₹2.2t₹143.6b23x38.3x2.5x
Wed, 16 Apr 2025₹5.1t₹2.2t₹135.3b21.8x37.5x2.4x
Fri, 14 Mar 2025₹4.7t₹2.2t₹135.3b21.3x35x2.2x
Sun, 09 Feb 2025₹5.1t₹2.1t₹124.8b24.2x40.7x2.4x
Tue, 07 Jan 2025₹5.4t₹2.1t₹118.6b27.5x45.1x2.5x
Thu, 05 Dec 2024₹5.7t₹2.1t₹118.4b29.3x48.4x2.7x
Sat, 02 Nov 2024₹5.7t₹2.1t₹114.6b31.7x49.9x2.7x
Mon, 30 Sep 2024₹6.2t₹2.1t₹116.8b29.1x53.4x3x
Wed, 28 Aug 2024₹6.1t₹2.1t₹116.6b30.5x52x2.9x
Fri, 26 Jul 2024₹5.8t₹2.0t₹123.0b30x46.9x2.8x
Sun, 23 Jun 2024₹5.6t₹2.1t₹121.8b27.6x46x2.7x
Tue, 21 May 2024₹5.2t₹2.0t₹118.0b27.4x44.4x2.6x
Thu, 18 Apr 2024₹4.9t₹2.1t₹136.1b27.1x35.7x2.4x
Sat, 16 Mar 2024₹4.7t₹2.1t₹136.9b24.5x34.3x2.3x
Mon, 12 Feb 2024₹4.7t₹2.1t₹151.7b24.3x31.1x2.3x
Wed, 10 Jan 2024₹4.8t₹2.1t₹157.4b24.4x30.7x2.3x
Fri, 08 Dec 2023₹4.6t₹2.1t₹157.4b24.1x29.5x2.2x
Sun, 05 Nov 2023₹4.3t₹2.1t₹176.0b21.9x24.5x2x
Tue, 03 Oct 2023₹4.3t₹2.1t₹169.7b22.3x25.4x2.1x
Thu, 31 Aug 2023₹4.4t₹2.1t₹170.0b22.8x25.8x2.1x
Sat, 29 Jul 2023₹3.9t₹2.1t₹182.1b19.9x21.6x1.8x
Mon, 26 Jun 2023₹3.8t₹2.1t₹181.2b19.5x21.1x1.8x
Wed, 24 May 2023₹3.7t₹2.2t₹206.0b16x17.8x1.7x
Fri, 21 Apr 2023₹3.5t₹2.2t₹209.9b13.9x16.5x1.6x
Sun, 19 Mar 2023₹3.4t₹2.2t₹207.8b13x16.3x1.6x
Tue, 14 Feb 2023₹3.5t₹2.2t₹213.7b14.1x16.2x1.6x
Price to Earnings Ratio

16.2x


Total Market Cap: ₹3.5tTotal Earnings: ₹213.7bTotal Revenue: ₹2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Commodity Chemicals Industry Price to Earnings3Y Average 35.1x202420252026
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 35.1x.
  • The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Commodity Chemicals industry have declined 15% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market1.60%
Materials0.67%
Chemicals0.80%
Commodity Chemicals-0.28%
Diversified Chemicals3.06%
Specialty Chemicals1.62%
Industrial Gases0.28%
Fertilizers and Agricultural Chemicals-0.64%
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
500655 Garware Hi-Tech Films₹4.24k40.7%
+₹28.5b		25.4%PE32x
509480 Berger Paints India₹472.452.0%
+₹11.0b		-1.4%PE52.3x
505509 Responsive Industries₹190.0012.6%
+₹5.7b		-21.0%PE24.8x
522249 Mayur Uniquoters₹573.6012.0%
+₹2.7b		6.8%PE14.3x
500339 Rain Industries₹161.904.4%
+₹2.3b		10.5%PS0.3x

Latest News

509480
₹472.45
Berger Paints India
7D
2.0%
1Y
-1.4%

509480: Fair Value View Will Rely On Upcoming Quarterly And Nine Month Results

Analysts have nudged their fair value estimate for Berger Paints India from ₹425.00 to about ₹433.52, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E. What's in the News Board meeting scheduled for 5 Feb 2026 to consider and approve unaudited financial results for the quarter and nine months ended 31 Dec 2025 (company filing).
NOCIL
₹144.10
NOCIL
7D
8.9%
1Y
-35.5%

NOCIL: Steady Fair Value Will Highlight Downside Risk At Upcoming Board Review

Analysts have maintained their fair value estimate for NOCIL at ₹118.00, noting that only modest adjustments to discount rate, revenue growth and profit margin assumptions, together with a slightly lower forward P/E input, were not sufficient to alter the overall price target. What's in the News A board meeting is scheduled for February 11, 2026, to review and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, along with the limited review report.
500165
₹214.40
Kansai Nerolac Paints
7D
-6.8%
1Y
-13.7%

500165: Stake Sale And Margin Outlook Will Support Future Upside Potential

Analysts have trimmed their price target for Kansai Nerolac Paints to ₹256.82 from ₹275.28, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Board meeting scheduled on Feb 3, 2026, at 13:50 IST to review unaudited financial results for the quarter and nine months ended Dec 31, 2025, along with the statutory auditors' limited review report (company filing).
SOLARINDS
₹12,999.00
Solar Industries India
7D
-3.6%
1Y
43.1%

Results: Solar Industries India Limited Beat Earnings Expectations And Analysts Now Have New Forecasts

Feb 06
Results: Solar Industries India Limited Beat Earnings Expectations And Analysts Now Have New Forecasts
PCBL
₹271.40
PCBL Chemical
7D
2.0%
1Y
-33.9%

PCBL Chemical Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Feb 06
PCBL Chemical Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
505509
₹190.00
Responsive Industries
7D
12.6%
1Y
-21.0%
500184
₹455.20
Himadri Speciality Chemical
7D
-1.1%
1Y
-7.8%
FINPIPE
₹172.03
Finolex Industries
7D
-2.5%
1Y
-12.7%

FINPIPE: Earnings Review Will Clarify Fair Outlook After Slightly Reset Expectations

Analysts have trimmed their price target on Finolex Industries from ₹180.00 to ₹168.00. This reflects updated assumptions around slightly lower revenue growth, a modestly higher profit margin outlook and a small adjustment to the future P/E multiple.
CARBORUNIV
₹771.40
Carborundum Universal
7D
-2.1%
1Y
-30.3%

Sanctions And European Losses Will Pressure Margins And Future Earnings Trajectory

Catalysts About Carborundum Universal Carborundum Universal is a materials company engaged in abrasives, ceramics and electro minerals across domestic and export markets. What are the underlying business or industry changes driving this perspective?
500770
₹704.10
Tata Chemicals
7D
-5.7%
1Y
-24.4%
522249
₹573.60
Mayur Uniquoters
7D
12.0%
1Y
6.8%
500655
₹4,242.70
Garware Hi-Tech Films
7D
40.7%
1Y
25.4%
EPIGRAL
₹991.90
Epigral
7D
-4.9%
1Y
-49.2%
500339
₹161.90
Rain Industries
7D
4.4%
1Y
10.5%
506401
₹1,616.25
Deepak Nitrite
7D
-1.5%
1Y
-31.3%

506401: Upcoming Board Review Will Reinforce Confidence In Steady Earnings Potential

Analysts now set their price target for Deepak Nitrite at about ₹1,799, a small cut of roughly ₹12 from the previous estimate. This reflects a slightly higher discount rate and marginally adjusted fair value and future P/E assumptions, while revenue growth and profit margin forecasts remain effectively unchanged.
506854
₹4,278.15
Tanfac Industries
7D
4.1%
1Y
17.0%