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Indian (NIFTY) Chemicals Industry Analysis

UpdatedJul 24, 2026
DataAggregated Company Financials
Companies358
  • 7D-0.7%
  • 3M7.8%
  • 1Y-4.6%
  • YTD3.7%

Over the last 7 days, the Chemicals industry has remained flat, although notably Gujarat Fluorochemicals gained 10%. Unfortunately though, the industry is down 4.6% over the past 12 months. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Jul 2026₹19.2t₹7.5t₹546.8b21.4x35.1x2.6x
Mon, 22 Jun 2026₹19.3t₹7.4t₹539.8b21.1x35.7x2.6x
Wed, 20 May 2026₹18.6t₹7.4t₹530.6b21.8x35x2.5x
Fri, 17 Apr 2026₹17.6t₹7.2t₹539.1b22x32.6x2.5x
Sun, 15 Mar 2026₹16.4t₹7.2t₹537.7b20.9x30.4x2.3x
Tue, 10 Feb 2026₹17.8t₹7.1t₹484.7b22.6x36.8x2.5x
Thu, 08 Jan 2026₹19.0t₹7.1t₹495.9b23.4x38.4x2.7x
Sat, 06 Dec 2025₹18.9t₹7.1t₹495.4b23.6x38.2x2.7x
Mon, 03 Nov 2025₹19.2t₹7.0t₹461.5b26x41.7x2.8x
Wed, 01 Oct 2025₹19.0t₹6.9t₹457.2b25.8x41.5x2.7x
Fri, 29 Aug 2025₹19.6t₹6.9t₹457.0b26.5x42.9x2.8x
Sun, 27 Jul 2025₹20.1t₹6.8t₹448.0b28.9x44.9x3x
Tue, 24 Jun 2025₹19.7t₹6.7t₹442.6b28.1x44.6x2.9x
Thu, 22 May 2025₹19.2t₹6.8t₹434.0b25.8x44.1x2.8x
Sat, 19 Apr 2025₹18.4t₹6.6t₹410.5b25.4x44.9x2.8x
Mon, 17 Mar 2025₹16.8t₹6.6t₹410.2b23.7x41x2.6x
Wed, 12 Feb 2025₹17.4t₹6.6t₹398.4b26.7x43.7x2.7x
Fri, 10 Jan 2025₹18.7t₹6.4t₹367.9b30.6x50.7x2.9x
Sun, 08 Dec 2024₹19.6t₹6.4t₹367.7b32.8x53.3x3x
Tue, 05 Nov 2024₹19.8t₹6.4t₹371.8b34.2x53.4x3.1x
Thu, 03 Oct 2024₹21.6t₹6.4t₹369.5b36.2x58.3x3.4x
Sat, 31 Aug 2024₹20.6t₹6.4t₹368.9b35.5x55.9x3.2x
Mon, 29 Jul 2024₹20.1t₹6.4t₹384.9b34.2x52.2x3.2x
Wed, 26 Jun 2024₹19.3t₹6.4t₹381.8b34.1x50.7x3x
Fri, 24 May 2024₹18.1t₹6.4t₹371.8b31.3x48.8x2.8x
Sun, 21 Apr 2024₹17.3t₹6.5t₹410.7b30x42.1x2.7x
Tue, 19 Mar 2024₹16.8t₹6.5t₹411.3b28.1x40.7x2.6x
Thu, 15 Feb 2024₹16.9t₹6.6t₹429.2b29.3x39.5x2.6x
Sat, 13 Jan 2024₹17.9t₹6.8t₹483.5b30.8x37x2.6x
Mon, 11 Dec 2023₹17.3t₹6.8t₹485.5b28.6x35.6x2.6x
Wed, 08 Nov 2023₹16.4t₹6.8t₹505.4b27.6x32.4x2.4x
Fri, 06 Oct 2023₹16.5t₹6.9t₹513.7b27x32x2.4x
Sun, 03 Sep 2023₹16.8t₹6.9t₹513.8b27.3x32.8x2.4x
Tue, 01 Aug 2023₹16.1t₹7.1t₹553.3b23.1x29x2.3x
Price to Earnings Ratio

29x


Total Market Cap: ₹16.1tTotal Earnings: ₹553.3bTotal Revenue: ₹7.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Chemicals Industry Price to Earnings3Y Average 41.8x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Chemicals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 35.1x which is lower than its 3-year average PE of 41.8x.
  • The industry is trading close to its 3-year average PS ratio of 2.7x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Chemicals industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

IN Market-1.01%
Materials-0.24%
Chemicals-0.74%
Commodity Chemicals0.54%
Specialty Chemicals0.045%
Fertilizers and Agricultural Chemicals-1.50%
Diversified Chemicals-2.72%
Industrial Gases-4.80%
Industry PE
  • Investors are most optimistic about the Industrial Gases industry even though it's trading below its 3-year average PE ratio of 119x.
    • Analysts are expecting annual earnings growth of 15.1%, which is lower than the prior year's growth of 25.3% per year.
  • Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading below its 3-year average of 33.4x.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Diversified Chemicals industry is expected to see its earnings grow by 14% 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
FLUOROCHEM Gujarat Fluorochemicals₹4.57k10.3%
+₹47.1b		30.3%PE86.9x
500184 Himadri Speciality Chemical₹789.306.4%
+₹24.0b		58.6%PE49.8x
523642 PI Industries₹2.73k4.1%
+₹16.2b		-33.3%PE31.4x
500405 Supreme Petrochem₹741.006.7%
+₹8.7b		-7.3%PE42.3x
500027 Atul₹6.39k4.1%
+₹7.4b		-3.9%PE27.8x

Latest News

503806
₹2,661.20
SRF
7D
-7.9%
1Y
-12.5%
KRISHANA
₹162.05
Krishana Phoschem
7D
15.4%
1Y
54.5%
COROMANDEL
₹1,980.80
Coromandel International
7D
-2.6%
1Y
-18.9%
GANDHAR
₹282.46
Gandhar Oil Refinery (India)
7D
35.8%
1Y
68.7%
Analysis Article • Jul 24

If EPS Growth Is Important To You, Gandhar Oil Refinery (India) (NSE:GANDHAR) Presents An Opportunity

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
CHAMBLFERT
₹431.00
Chambal Fertilisers and Chemicals
7D
-5.1%
1Y
-19.9%
523457
₹6,735.40
Linde India
7D
-5.2%
1Y
4.2%
TATVA
₹1,722.40
Tatva Chintan Pharma Chem
7D
20.6%
1Y
50.3%
Analysis Article • Jul 22

Tatva Chintan Pharma Chem Limited (NSE:TATVA) Beat Earnings, And Analysts Have Been Reviewing Their Forecasts

Tatva Chintan Pharma Chem Limited ( NSE:TATVA ) just released its quarterly report and things are looking bullish...
500027
₹6,394.95
Atul
7D
4.1%
1Y
-3.9%
500405
₹741.00
Supreme Petrochem
7D
6.7%
1Y
-7.3%
Narrative Update • Jul 21

500405: Upcoming Results And Dividend Payout Will Shape Fairly Valued Outlook

Analysts have lifted their price target for Supreme Petrochem from ₹735 to ₹791.5, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News for Supreme Petrochem Supreme Petrochem has scheduled a board meeting on Jul 27, 2026, at 15:30 Indian Standard Time to consider and approve standalone and consolidated unaudited financial results for the quarter ended Jun 30, 2026, along with other business matters.
523642
₹2,731.25
PI Industries
7D
4.1%
1Y
-33.3%
500184
₹789.30
Himadri Speciality Chemical
7D
6.4%
1Y
58.6%
Narrative Update • Jul 17

500184: China Subsidiary And Board Actions Will Likely Sustain Current Premium

Analysts have revised their price target for Himadri Speciality Chemical from ₹550 to ₹720, citing updated assumptions on fair value and future P/E expectations, as well as refreshed views on discount rate, revenue growth and profit margin inputs. What's in the News Himadri Speciality Chemical has scheduled a board meeting on Jul 15, 2026 to consider and approve the unaudited standalone and consolidated financial results for the quarter ended Jun 30, 2026.
505509
₹175.65
Responsive Industries
7D
-20.7%
1Y
-22.1%
512070
₹602.10
UPL
7D
-2.3%
1Y
-16.7%
ASIANPAINT
₹2,637.90
Asian Paints
7D
-1.9%
1Y
12.9%
Narrative Update • Jul 15

ASIANPAINT: Lower Discount Rate Will Likely Fail To Justify Rich P E

The analyst price target for Asian Paints has been revised from ₹2,066.65 to ₹2,223.55, with analysts pointing to updated assumptions around revenue growth, profit margins, discount rate, and future P/E as the key drivers of this change. What’s in the News for Asian Paints At the 80th AGM held on July 9, 2026, Deloitte Haskins & Sells LLP completed its two terms of five consecutive years each and ceased to hold office as statutory auditor of Asian Paints.
FLUOROCHEM
₹4,573.70
Gujarat Fluorochemicals
7D
10.3%
1Y
30.3%
Narrative Update • Jul 15

FLUOROCHEM: Refrigerant Expansion Plans Will Test Rich Earnings Multiple

Analysts have trimmed their price target for Gujarat Fluorochemicals to ₹3,000 from about ₹3,136. This reflects updated assumptions for revenue growth, profit margins and a higher future P/E multiple.
FACT
₹809.30
Fertilisers and Chemicals Travancore
7D
-2.9%
1Y
-15.5%