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

Indian (NIFTY) Commodity Chemicals Industry Analysis

UpdatedJun 24, 2026
DataAggregated Company Financials
Companies151
  • 7D4.0%
  • 3M30.4%
  • 1Y1.7%
  • YTDn/a

The Commodity Chemicals industry is up 4.0% in the last week, with Solar Industries India up 7.9%. During this same period, the Himadri Speciality Chemical underperformed, falling 7.3%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 26% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Jun 2026₹5.5t₹2.3t₹122.3b20.2x44.9x2.4x
Fri, 22 May 2026₹5.3t₹2.3t₹118.8b20.2x44.6x2.3x
Sun, 19 Apr 2026₹4.7t₹2.2t₹135.8b19.1x35x2.1x
Tue, 17 Mar 2026₹4.3t₹2.2t₹135.8b18.2x31.9x1.9x
Thu, 12 Feb 2026₹4.6t₹2.2t₹133.4b19.5x34.2x2x
Sat, 10 Jan 2026₹5.0t₹2.2t₹140.8b20.2x35.2x2.2x
Mon, 08 Dec 2025₹5.0t₹2.3t₹141.8b20.9x35.5x2.2x
Wed, 05 Nov 2025₹5.4t₹2.2t₹140.0b23.3x38.3x2.4x
Fri, 03 Oct 2025₹5.4t₹2.2t₹143.0b23.5x37.7x2.4x
Sun, 31 Aug 2025₹5.4t₹2.2t₹143.0b22.8x38.1x2.4x
Tue, 29 Jul 2025₹5.6t₹2.2t₹146.3b24.1x38.4x2.5x
Thu, 26 Jun 2025₹5.9t₹2.2t₹147.3b24.2x40.1x2.7x
Sat, 24 May 2025₹5.6t₹2.2t₹144.4b23.1x39.1x2.6x
Mon, 21 Apr 2025₹5.2t₹2.2t₹135.3b22.5x38.1x2.4x
Wed, 19 Mar 2025₹4.8t₹2.2t₹135.3b21.4x35.6x2.2x
Fri, 14 Feb 2025₹4.9t₹2.1t₹125.4b24x38.9x2.3x
Sun, 12 Jan 2025₹5.3t₹2.1t₹118.0b26.4x44.9x2.5x
Tue, 10 Dec 2024₹5.9t₹2.1t₹118.4b29.6x49.4x2.8x
Thu, 07 Nov 2024₹5.8t₹2.1t₹114.4b31.7x50.9x2.8x
Sat, 05 Oct 2024₹6.0t₹2.1t₹116.8b29.4x51.8x2.9x
Mon, 02 Sep 2024₹6.0t₹2.1t₹116.6b29.8x51.9x2.9x
Wed, 31 Jul 2024₹6.0t₹2.1t₹122.0b30.2x49.1x2.9x
Fri, 28 Jun 2024₹5.5t₹2.1t₹121.8b28.8x45.4x2.7x
Sun, 26 May 2024₹5.3t₹2.0t₹118.1b27.9x44.6x2.6x
Tue, 23 Apr 2024₹4.8t₹2.1t₹136.5b27.3x35.5x2.4x
Thu, 21 Mar 2024₹4.6t₹2.1t₹136.9b23.5x33.7x2.2x
Sat, 17 Feb 2024₹4.7t₹2.1t₹148.3b25.2x31.8x2.3x
Mon, 15 Jan 2024₹4.9t₹2.1t₹155.3b24.6x31.5x2.3x
Wed, 13 Dec 2023₹4.6t₹2.1t₹157.4b24.1x29.3x2.2x
Fri, 10 Nov 2023₹4.4t₹2.1t₹166.8b22.7x26.2x2.1x
Sun, 08 Oct 2023₹4.3t₹2.1t₹169.8b23.2x25.6x2.1x
Tue, 05 Sep 2023₹4.4t₹2.1t₹170.0b22.9x26.1x2.1x
Thu, 03 Aug 2023₹4.0t₹2.1t₹181.5b20.2x22.2x1.9x
Sat, 01 Jul 2023₹3.8t₹2.1t₹181.2b19.5x21.2x1.8x
Price to Earnings Ratio

21.2x


Total Market Cap: ₹3.8tTotal Earnings: ₹181.2bTotal Revenue: ₹2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Commodity Chemicals Industry Price to Earnings3Y Average 37.5x202420252026
Current Industry PE
  • Investors are optimistic on the Indian Commodity Chemicals industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 44.9x which is higher than its 3-year average PE of 37.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Commodity Chemicals industry have declined 12% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.1% 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 Market0.57%
Materials-0.66%
Chemicals0.33%
Commodity Chemicals3.98%
Industrial Gases2.80%
Diversified Chemicals0.021%
Specialty Chemicals-0.34%
Fertilizers and Agricultural Chemicals-3.54%
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₹17.86k2.3%
+₹36.8b		5.1%PE96.4x
509480 Berger Paints India₹531.003.9%
+₹23.0b		-6.6%PE54.9x
505509 Responsive Industries₹203.6514.4%
+₹6.8b		-3.8%PE36.6x
FINPIPE Finolex Industries₹183.656.1%
+₹6.5b		-15.3%PE19x
CARBORUNIV Carborundum Universal₹1.16k2.8%
+₹6.1b		18.9%PE113.7x

Latest News

509480
₹531.00
Berger Paints India
7D
3.9%
1Y
-6.6%
506854
₹2,439.95
Tanfac Industries
7D
13.8%
1Y
40.5%
524820
₹449.75
Panama Petrochem
7D
20.4%
1Y
24.1%
CARBORUNIV
₹1,162.50
Carborundum Universal
7D
2.8%
1Y
18.9%
Narrative Update • Jun 17

CARBORUNIV: Modest FY 2026 Sales Guidance Will Pressure Overvalued Shares

Analysts have nudged their fair value estimate for Carborundum Universal slightly higher, with the price target moving from about ₹954 to roughly ₹960, reflecting updated assumptions on discount rate, profit margin, revenue growth and future P/E multiples. What's in the News for Carborundum Universal Carborundum Universal issued consolidated earnings guidance for fiscal year 2026, indicating an expectation for sales to grow by approximately 4% to 4.5%.
500184
₹663.10
Himadri Speciality Chemical
7D
-5.4%
1Y
46.6%
Narrative Update • Jun 15

500184: China Subsidiary Plan Will Fail To Support Current Premium

Analysts have kept the price target for Himadri Speciality Chemical steady at ₹550, citing largely unchanged assumptions on fair value, revenue growth, profit margin, discount rate and forward P/E as the basis for maintaining their view. What's in the News Shareholders at the AGM on 11 June 2026 approved a dividend of ₹0.80 per share for the financial year ended 31 March 2026, following an earlier board recommendation for the same payout.
GHCL
₹436.40
GHCL
7D
-4.5%
1Y
-28.3%
SOTL
₹575.25
Savita Oil Technologies
7D
-5.8%
1Y
36.6%
FINPIPE
₹183.65
Finolex Industries
7D
6.1%
1Y
-15.3%
Narrative Update • Jun 08

FINPIPE: Upcoming Dividend Payout Will Support Bullish ReRating Potential

Analysts have adjusted their price target on Finolex Industries to ₹210.07 from ₹200.57, citing updated assumptions around revenue growth, profit margins and future P/E expectations. What's in the News The board will meet on 26 May 2026 to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended 31 March 2026, and to consider a dividend for FY 2025-26.
506401
₹1,645.85
Deepak Nitrite
7D
1.9%
1Y
-15.3%
Narrative Update • Jun 07

506401: Upcoming Results Meeting Will Test Higher Margin Outlook And Balanced Expectations

Analysts have lifted their price target on Deepak Nitrite from ₹1,695.17 to ₹1,776.50, citing updated assumptions that include a slightly lower discount rate, adjusted revenue growth expectations, a higher profit margin outlook, and a revised future P/E multiple. What's in the News A board meeting is scheduled for May 15, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
SOLARINDS
₹17,864.00
Solar Industries India
7D
2.3%
1Y
5.1%
Narrative Update • Jun 03

SOLARINDS: Defence Export Orders And Dividend Outlook Will Support Fair Value

Analysts have raised the price target for Solar Industries India to about ₹20,132 from roughly ₹16,697, citing updated assumptions that include a lower discount rate, slightly different expectations for revenue growth, higher profit margin forecasts, and a modestly reduced future P/E multiple. What's in the News Solar Industries India and its subsidiary received export orders worth ₹10,760 million for supply of defence products to international clients, with deliveries scheduled over 3 years.
500412
₹165.90
Thirumalai Chemicals
7D
-5.2%
1Y
-43.2%
GUJALKALI
₹626.75
Gujarat Alkalies and Chemicals
7D
-3.5%
1Y
6.1%
524019
₹5,055.30
Kingfa Science & Technology (India)
7D
-1.5%
1Y
59.6%
505509
₹203.65
Responsive Industries
7D
14.4%
1Y
-3.8%
500227
₹658.40
Jindal Poly Films
7D
-4.4%
1Y
7.9%
500339
₹192.80
Rain Industries
7D
-2.1%
1Y
30.5%