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Indian (NIFTY) Chemicals Industry Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies355
  • 7D-0.3%
  • 3M-1.1%
  • 1Y1.1%
  • YTD-0.7%

Over the last 7 days, the Chemicals industry has remained flat, although notably Fertilisers and Chemicals Travancore gained 3.3%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Dec 2025₹18.8t₹7.1t₹495.4b23.4x38x2.6x
Thu, 27 Nov 2025₹19.1t₹7.1t₹495.6b24.1x38.6x2.7x
Sat, 25 Oct 2025₹19.4t₹6.9t₹458.2b26.4x42.2x2.8x
Mon, 22 Sep 2025₹20.0t₹6.9t₹457.0b27.2x43.7x2.9x
Wed, 20 Aug 2025₹20.1t₹6.9t₹456.5b27.1x44x2.9x
Fri, 18 Jul 2025₹20.5t₹6.8t₹444.9b30x46.1x3x
Sun, 15 Jun 2025₹19.8t₹6.7t₹442.4b27.6x44.7x2.9x
Tue, 13 May 2025₹18.7t₹6.7t₹422.3b24.8x44.2x2.8x
Thu, 10 Apr 2025₹17.2t₹6.6t₹410.2b23.7x41.9x2.6x
Sat, 08 Mar 2025₹17.2t₹6.6t₹410.2b25.4x41.8x2.6x
Mon, 03 Feb 2025₹18.1t₹6.5t₹396.9b27.8x45.6x2.8x
Wed, 01 Jan 2025₹18.5t₹6.4t₹367.8b31.5x50.3x2.9x
Fri, 29 Nov 2024₹19.1t₹6.4t₹367.7b32.5x52x3x
Sun, 27 Oct 2024₹19.4t₹6.4t₹366.8b32.4x52.8x3x
Tue, 24 Sep 2024₹21.1t₹6.4t₹369.5b36x57.2x3.3x
Thu, 22 Aug 2024₹20.5t₹6.4t₹368.7b34.7x55.5x3.2x
Sat, 20 Jul 2024₹19.7t₹6.3t₹377.5b34.5x52.1x3.1x
Mon, 17 Jun 2024₹19.0t₹6.4t₹382.5b33.1x49.7x3x
Wed, 15 May 2024₹17.7t₹6.4t₹377.5b30.5x46.8x2.7x
Fri, 12 Apr 2024₹17.8t₹6.5t₹410.6b30.3x43.2x2.7x
Sun, 10 Mar 2024₹17.1t₹6.5t₹411.0b29.8x41.6x2.6x
Tue, 06 Feb 2024₹17.0t₹6.7t₹454.1b30.7x37.5x2.5x
Thu, 04 Jan 2024₹18.1t₹6.8t₹485.5b30.6x37.4x2.7x
Sat, 02 Dec 2023₹17.0t₹6.8t₹485.5b28.4x35x2.5x
Mon, 30 Oct 2023₹15.9t₹6.9t₹518.1b26.7x30.6x2.3x
Wed, 27 Sep 2023₹16.6t₹6.9t₹513.5b26.9x32.4x2.4x
Fri, 25 Aug 2023₹16.3t₹6.9t₹514.5b26.6x31.7x2.4x
Sun, 23 Jul 2023₹16.1t₹7.1t₹561.9b22.2x28.7x2.3x
Tue, 20 Jun 2023₹16.0t₹7.1t₹561.2b22.5x28.5x2.3x
Thu, 18 May 2023₹15.3t₹7.1t₹614.8b20.7x25x2.2x
Sat, 15 Apr 2023₹14.7t₹7.0t₹616.2b19.9x23.9x2.1x
Mon, 13 Mar 2023₹14.5t₹7.0t₹614.1b19.6x23.6x2.1x
Wed, 08 Feb 2023₹14.4t₹6.8t₹614.1b19.7x23.4x2.1x
Fri, 06 Jan 2023₹15.3t₹6.7t₹618.4b19.6x24.8x2.3x
Price to Earnings Ratio

24.8x


Total Market Cap: ₹15.3tTotal Earnings: ₹618.4bTotal Revenue: ₹6.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Chemicals Industry Price to Earnings3Y Average 40.1x20242025
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 40.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 7.1% 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 Trends

Which industries have driven the changes within the Indian Materials industry?

IN Market-0.73%
Materials1.03%
Chemicals-0.31%
Fertilizers and Agricultural Chemicals0.52%
Industrial Gases0.37%
Diversified Chemicals-0.41%
Commodity Chemicals-0.47%
Specialty Chemicals-0.83%
Industry PE
  • Investors are most optimistic about the Industrial Gases industry even though it's trading below its 3-year average PE ratio of 117x.
    • Analysts are expecting annual earnings growth of 27.5%, which is lower than the prior year's growth of 44.4% per year.
  • Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading below its 3-year average of 31.4x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Gases industry, expecting annual earnings growth of 28% over the next 5 years.
  • However this is lower than its past earnings growth rate of 44% per year.
  • In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
FACT Fertilisers and Chemicals Travancore₹912.702.8%
+₹15.9b		-7.0%PE568.6x
500165 Kansai Nerolac Paints₹233.204.0%
+₹7.2b		-12.0%PE16.5x
500339 Rain Industries₹145.6516.1%
+₹6.8b		-14.0%PS0.3x
506401 Deepak Nitrite₹1.74k2.5%
+₹5.7b		-30.4%PE44.2x
FLUOROCHEM Gujarat Fluorochemicals₹3.68k1.4%
+₹5.4b		-11.7%PE59.4x

Latest News

500339
₹145.65
Rain Industries
7D
16.1%
1Y
-14.0%
SUPREMEIND
₹3,274.30
Supreme Industries
7D
-2.3%
1Y
-30.3%

Here's Why Supreme Industries (NSE:SUPREMEIND) Can Manage Its Debt Responsibly

Dec 30
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PCBL
₹285.40
PCBL Chemical
7D
-7.5%
1Y
-36.6%

With PCBL Chemical Limited (NSE:PCBL) It Looks Like You'll Get What You Pay For

Dec 30
With PCBL Chemical Limited (NSE:PCBL) It Looks Like You'll Get What You Pay For
500150
₹4,859.45
Foseco India
7D
-3.3%
1Y
20.8%
503806
₹3,044.80
SRF
7D
-2.1%
1Y
36.1%

503806: Future Specialty Fluoropolymer Capacity Expansion May Support Long Term Profitability

Analysts have modestly raised their price target on SRF to a new level, in line with incremental improvements in projected revenue growth, profit margins, and a slightly lower future valuation multiple, signaling a cautiously stronger outlook for the stock. What's in the News Chief Financial Officer Rahul Jain will step down from his role at the close of business on 12 December 2025, with SRF initiating the process to identify a successor and ensure a smooth transition (Key Developments).
509480
₹526.50
Berger Paints India
7D
-3.2%
1Y
17.4%

509480: Elevated Earnings Multiple Will Likely Constrain Future Return Potential

Analysts have nudged their price target for Berger Paints India slightly lower to ₹422 from about ₹423, as modestly softer long term revenue growth assumptions and a higher implied future P E multiple are offset by expectations of improved profit margins and a marginally lower discount rate. What's in the News Board meeting scheduled for November 4, 2025, to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025 (company filing).
ASIANPAINT
₹2,758.30
Asian Paints
7D
-1.8%
1Y
20.9%

ASIANPAINT: Dividend Timelines And Margin Outlook Will Guide A Steady Near-Term View

Analysts have nudged their price target on Asian Paints modestly higher to reflect a slightly improved profit margin outlook and resilient long term earnings visibility, despite only marginal changes in the discount rate, revenue growth assumptions, and future valuation multiples. What's in the News Board meeting scheduled on January 27, 2026, to approve audited standalone and unaudited consolidated financial results for the quarter and nine months ended December 31, 2025, and to discuss other business matters (company filing).
SOLARINDS
₹12,028.00
Solar Industries India
7D
-4.1%
1Y
22.9%

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Dec 26
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ACI
₹548.75
Archean Chemical Industries
7D
6.6%
1Y
-18.0%

ACI: Upcoming Financial Review Will Support Bullish Long Term Outlook

Analysts have increased their price target on Archean Chemical Industries to ₹654.43 per share. This reflects a modest upward revision supported by slightly higher assumed future valuation multiples, which more than offset minor trims to revenue growth and margin expectations.
500165
₹233.20
Kansai Nerolac Paints
7D
4.0%
1Y
-12.0%
COROMANDEL
₹2,236.50
Coromandel International
7D
-7.1%
1Y
19.0%

Coromandel International Limited's (NSE:COROMANDEL) Share Price Could Signal Some Risk

Dec 23
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FLUOROCHEM
₹3,678.10
Gujarat Fluorochemicals
7D
1.4%
1Y
-11.7%

FLUOROCHEM: Governance Changes And Battery Materials Expansion Will Shape Future Profitability Profile

Analysts have raised their fair value estimate for Gujarat Fluorochemicals modestly from ₹3,872 to ₹3,905, citing expectations of slower top line growth, partly offset by firmer profit margins and a higher justified future P E multiple. What's in the News Shareholders approved amendments to Article 58 of the Articles of Association, clarifying that the Managing Director, Deputy Managing Director and Independent Directors will not retire by rotation, while all other directors will retire as per Section 152 of the Companies Act, 2013 (company filing).
512070
₹785.75
UPL
7D
0.6%
1Y
56.9%

512070: Future Margins Will Likely Deteriorate Despite Higher Market Expectations

Analysts have raised their price target for UPL from approximately 526.51 to 596.98, citing slightly stronger expectations for revenue growth and future valuation multiples, partly offset by a more conservative view on profit margins and discount rates. What's in the News UPL Limited has scheduled a board meeting for November 06, 2025 to consider and approve unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2025, along with the limited review reports from the statutory auditors (company filing).
PIDILITIND
₹1,450.90
Pidilite Industries
7D
-0.8%
1Y
-0.08%

There's Reason For Concern Over Pidilite Industries Limited's (NSE:PIDILITIND) Price

Dec 17
There's Reason For Concern Over Pidilite Industries Limited's (NSE:PIDILITIND) Price
506401
₹1,735.45
Deepak Nitrite
7D
2.5%
1Y
-30.4%

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.
FACT
₹912.70
Fertilisers and Chemicals Travancore
7D
2.8%
1Y
-7.0%

Fertilisers and Chemicals Travancore (NSE:FACT) Has A Pretty Healthy Balance Sheet

Nov 20
Fertilisers and Chemicals Travancore (NSE:FACT) Has A Pretty Healthy Balance Sheet