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Indian (NIFTY) Commodity Chemicals Industry Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies151
  • 7D3.8%
  • 3M12.2%
  • 1Y5.1%
  • YTDn/a

Over the last 7 days, the Commodity Chemicals industry has risen 3.8%, driven by gains in Solar Industries India and Berger Paints India of 4.3% and 9.1%, respectively. In the last 12 months, the industry was up 5.1%. 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
Sat, 09 May 2026₹5.1t₹2.2t₹115.0b19.9x44.2x2.3x
Mon, 06 Apr 2026₹4.2t₹2.2t₹135.8b18.4x31.1x1.9x
Wed, 04 Mar 2026₹4.5t₹2.2t₹135.8b18.7x33x2x
Fri, 30 Jan 2026₹4.8t₹2.3t₹140.8b18.8x34.2x2.1x
Sun, 28 Dec 2025₹5.0t₹2.3t₹141.7b20.8x35.2x2.2x
Tue, 25 Nov 2025₹5.1t₹2.3t₹141.8b22.2x36.2x2.3x
Thu, 23 Oct 2025₹5.5t₹2.2t₹143.0b23.8x38.4x2.5x
Sat, 20 Sep 2025₹5.7t₹2.2t₹143.0b24.1x39.5x2.5x
Mon, 18 Aug 2025₹5.6t₹2.2t₹143.0b23.2x38.8x2.5x
Wed, 16 Jul 2025₹5.8t₹2.2t₹147.2b25.2x39.5x2.6x
Fri, 13 Jun 2025₹5.9t₹2.2t₹147.1b24.2x39.9x2.7x
Sun, 11 May 2025₹5.1t₹2.2t₹143.4b21.2x35.9x2.4x
Tue, 08 Apr 2025₹4.7t₹2.2t₹135.3b20.2x34.8x2.2x
Thu, 06 Mar 2025₹4.7t₹2.2t₹135.3b21.2x34.6x2.2x
Sat, 01 Feb 2025₹5.1t₹2.1t₹118.7b25.8x43.3x2.4x
Mon, 30 Dec 2024₹5.5t₹2.1t₹118.4b28.4x46.8x2.6x
Wed, 27 Nov 2024₹5.5t₹2.1t₹118.4b27.3x46.6x2.6x
Fri, 25 Oct 2024₹5.7t₹2.1t₹114.6b28.9x49.4x2.7x
Sun, 22 Sep 2024₹6.2t₹2.1t₹116.8b29.4x52.9x3x
Tue, 20 Aug 2024₹5.9t₹2.1t₹116.6b28.6x50.6x2.9x
Thu, 18 Jul 2024₹5.9t₹2.0t₹121.3b30.4x49x2.9x
Sat, 15 Jun 2024₹5.5t₹2.1t₹121.8b26.8x45.3x2.7x
Mon, 13 May 2024₹5.1t₹2.0t₹117.9b27.1x42.8x2.5x
Wed, 10 Apr 2024₹5.0t₹2.1t₹136.1b26.2x36.5x2.4x
Fri, 08 Mar 2024₹4.7t₹2.1t₹136.6b25x34.6x2.3x
Sun, 04 Feb 2024₹4.8t₹2.1t₹156.5b24.3x30.5x2.3x
Tue, 02 Jan 2024₹4.8t₹2.1t₹157.4b24.1x30.7x2.3x
Thu, 30 Nov 2023₹4.5t₹2.0t₹155.8b23.2x28.8x2.2x
Sat, 28 Oct 2023₹4.2t₹2.1t₹172.8b21.4x24.3x2x
Mon, 25 Sep 2023₹4.4t₹2.1t₹169.5b21.3x25.9x2.1x
Wed, 23 Aug 2023₹4.2t₹2.1t₹170.0b22.2x24.5x2x
Fri, 21 Jul 2023₹3.9t₹2.1t₹181.9b20.3x21.5x1.8x
Sun, 18 Jun 2023₹3.8t₹2.1t₹181.2b19.1x21.1x1.8x
Tue, 16 May 2023₹3.6t₹2.2t₹212.8b14.3x17.1x1.7x
Price to Earnings Ratio

17.1x


Total Market Cap: ₹3.6tTotal Earnings: ₹212.8bTotal Revenue: ₹2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Commodity Chemicals Industry Price to Earnings3Y Average 36.5x202420252026
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 44.2x which is higher than its 3-year average PE of 36.5x.
  • 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 19% 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 Market0.86%
Materials-1.78%
Chemicals3.37%
Commodity Chemicals3.75%
Diversified Chemicals4.61%
Industrial Gases3.65%
Specialty Chemicals3.48%
Fertilizers and Agricultural Chemicals1.82%
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₹16.11k4.3%
+₹60.3b		19.4%PE100.4x
509480 Berger Paints India₹516.009.1%
+₹50.3b		-3.9%PE57.1x
500655 Garware Hi-Tech Films₹5.27k32.4%
+₹30.0b		64.9%PE36.2x
500165 Kansai Nerolac Paints₹220.4011.8%
+₹18.8b		-14.4%PE30.2x
506401 Deepak Nitrite₹1.88k8.0%
+₹18.7b		-1.8%PE47.6x

Latest News

SOLARINDS
₹16,105.00
Solar Industries India
7D
4.3%
1Y
19.4%
506854
₹2,177.25
Tanfac Industries
7D
-13.7%
1Y
44.7%
500165
₹220.40
Kansai Nerolac Paints
7D
11.8%
1Y
-14.4%
500655
₹5,273.50
Garware Hi-Tech Films
7D
32.4%
1Y
64.9%
CARBORUNIV
₹1,027.70
Carborundum Universal
7D
8.0%
1Y
6.6%
Narrative Update • May 07

CARBORUNIV: New Hosur Capacity Ramp Will Challenge Stretched Earnings Multiple

Analysts have maintained their fair value estimate for Carborundum Universal at ₹845.14, with a slightly lower discount rate and future P/E assumption supporting a steady price target while reflecting marginally adjusted expectations for risk and earnings multiples. What's in the News Board meeting scheduled for May 14, 2026 to consider and approve audited financial results for the year ended March 31, 2026.
500770
₹782.10
Tata Chemicals
7D
-3.4%
1Y
-4.3%
Narrative Update • May 07

500770: Upcoming Results And Dividend Decision Will Highlight Earnings Multiple Risk

Analysts keep the fair value for Tata Chemicals steady at ₹566, citing updated assumptions that include a slightly lower discount rate, modestly higher revenue growth, a higher profit margin, and a reduced future P/E, which together support the unchanged price target. What's in the News A board meeting is scheduled for May 4, 2026, to consider and approve audited consolidated and standalone financial results for the quarter and financial year ended March 31, 2026 (Key Developments).
509480
₹516.00
Berger Paints India
7D
9.1%
1Y
-3.9%
Narrative Update • May 04

509480: Trimmed Fair Value Will Highlight Risk From Lower Future P/E

Analysts have trimmed their fair value estimate for Berger Paints India from ₹400 to about ₹388, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E. Taken together, these factors point to a slightly lower price target, while the underlying expectations remain broadly similar.
500184
₹635.85
Himadri Speciality Chemical
7D
4.7%
1Y
53.5%
506401
₹1,875.25
Deepak Nitrite
7D
8.0%
1Y
-1.8%
Narrative Update • Apr 27

506401: Upcoming Results Meeting Will Clarify Margins And Support Balanced Outlook

Analysts have trimmed their price target for Deepak Nitrite slightly from about ₹1,722 to roughly ₹1,704, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E expectations. What's in the News A board meeting is scheduled for Feb 12, 2026, to review and approve standalone and consolidated unaudited financial results for the quarter ended Dec 31, 2025, as well as for the nine-month period ended on the same date (company filing).
524634
₹566.95
Alufluoride
7D
-4.4%
1Y
37.6%
GUJALKALI
₹746.55
Gujarat Alkalies and Chemicals
7D
-6.8%
1Y
22.4%
526247
₹550.15
Premier Explosives
7D
-2.0%
1Y
14.7%
543547
₹249.55
Ddev Plastiks Industries
7D
-1.0%
1Y
0.1%
500227
₹711.45
Jindal Poly Films
7D
-2.1%
1Y
16.5%
524019
₹5,379.15
Kingfa Science & Technology (India)
7D
12.3%
1Y
80.6%
524342
₹269.90
Indo Borax & Chemicals
7D
-2.5%
1Y
42.8%