Analysis Article • Aug 01
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- 7D1.1%
- 3M7.7%
- 1Y-2.0%
- YTD4.8%
Over the last 7 days, the Chemicals industry has risen 1.1%, driven by gains from Asian Paints of 4.1%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 17% per annum.
Industry Valuation and Performance
Has the Indian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 02 Aug 2026 | ₹19.4t | ₹7.5t | ₹561.2b | 21.2x | 34.5x | 2.6x |
| Tue, 30 Jun 2026 | ₹18.9t | ₹7.4t | ₹540.2b | 20.4x | 35x | 2.5x |
| Thu, 28 May 2026 | ₹18.9t | ₹7.4t | ₹529.8b | 22.1x | 35.7x | 2.5x |
| Sat, 25 Apr 2026 | ₹17.8t | ₹7.2t | ₹539.4b | 22.2x | 33x | 2.5x |
| Mon, 23 Mar 2026 | ₹16.2t | ₹7.2t | ₹537.7b | 20.9x | 30.1x | 2.3x |
| Wed, 18 Feb 2026 | ₹17.7t | ₹7.2t | ₹537.3b | 22.8x | 32.9x | 2.5x |
| Fri, 16 Jan 2026 | ₹18.7t | ₹7.1t | ₹496.5b | 22.6x | 37.6x | 2.6x |
| Sun, 14 Dec 2025 | ₹18.7t | ₹7.1t | ₹495.4b | 23.3x | 37.6x | 2.6x |
| Tue, 11 Nov 2025 | ₹19.1t | ₹7.0t | ₹478.4b | 25.4x | 40x | 2.7x |
| Thu, 09 Oct 2025 | ₹19.2t | ₹6.9t | ₹457.5b | 26x | 41.9x | 2.8x |
| Sat, 06 Sep 2025 | ₹19.8t | ₹6.9t | ₹457.0b | 26x | 43.4x | 2.9x |
| Mon, 04 Aug 2025 | ₹20.1t | ₹6.8t | ₹451.5b | 28.4x | 44.4x | 2.9x |
| Wed, 02 Jul 2025 | ₹20.5t | ₹6.7t | ₹443.2b | 29.3x | 46.4x | 3x |
| Fri, 30 May 2025 | ₹19.6t | ₹6.7t | ₹446.1b | 26.6x | 43.9x | 2.9x |
| Sun, 27 Apr 2025 | ₹18.5t | ₹6.6t | ₹410.6b | 24.9x | 45.1x | 2.8x |
| Tue, 25 Mar 2025 | ₹17.8t | ₹6.6t | ₹410.2b | 24.7x | 43.4x | 2.7x |
| Thu, 20 Feb 2025 | ₹16.7t | ₹6.6t | ₹400.1b | 24.7x | 41.6x | 2.5x |
| Sat, 18 Jan 2025 | ₹18.1t | ₹6.5t | ₹368.5b | 29.9x | 49.1x | 2.8x |
| Mon, 16 Dec 2024 | ₹19.4t | ₹6.4t | ₹367.7b | 33.2x | 52.8x | 3x |
| Wed, 13 Nov 2024 | ₹19.1t | ₹6.4t | ₹364.0b | 33.8x | 52.4x | 3x |
| Fri, 11 Oct 2024 | ₹20.8t | ₹6.4t | ₹369.5b | 34.9x | 56.2x | 3.2x |
| Sun, 08 Sep 2024 | ₹21.0t | ₹6.4t | ₹363.8b | 34.9x | 57.6x | 3.3x |
| Tue, 06 Aug 2024 | ₹19.9t | ₹6.4t | ₹370.0b | 35.1x | 53.7x | 3.1x |
| Thu, 04 Jul 2024 | ₹19.8t | ₹6.4t | ₹381.8b | 35x | 51.9x | 3.1x |
| Sat, 01 Jun 2024 | ₹17.7t | ₹6.4t | ₹374.1b | 28.9x | 47.2x | 2.8x |
| Mon, 29 Apr 2024 | ₹18.0t | ₹6.5t | ₹407.3b | 31.1x | 44.2x | 2.8x |
| Wed, 27 Mar 2024 | ₹16.8t | ₹6.5t | ₹411.3b | 28.2x | 40.9x | 2.6x |
| Fri, 23 Feb 2024 | ₹17.4t | ₹6.5t | ₹422.4b | 30.3x | 41.1x | 2.7x |
| Sun, 21 Jan 2024 | ₹17.7t | ₹6.8t | ₹488.0b | 30.6x | 36.2x | 2.6x |
| Tue, 19 Dec 2023 | ₹17.7t | ₹6.8t | ₹485.5b | 29.3x | 36.4x | 2.6x |
| Thu, 16 Nov 2023 | ₹16.6t | ₹6.7t | ₹490.0b | 27.6x | 33.9x | 2.5x |
| Sat, 14 Oct 2023 | ₹16.6t | ₹6.9t | ₹513.8b | 27.4x | 32.3x | 2.4x |
| Mon, 11 Sep 2023 | ₹17.1t | ₹6.9t | ₹514.0b | 27.8x | 33.3x | 2.5x |
| Wed, 09 Aug 2023 | ₹16.2t | ₹7.0t | ₹537.4b | 24.6x | 30.2x | 2.3x |
Price to Earnings Ratio
30.2x
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 34.5x 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
- The earnings for companies in the Chemicals industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 2.4% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Indian Materials industry?
| IN Market | 2.00% | |
| Materials | 1.48% | |
| Chemicals | 1.13% | |
| Fertilizers and Agricultural Chemicals | 1.86% | |
| Specialty Chemicals | 1.64% | |
| Diversified Chemicals | 1.37% | |
| Industrial Gases | 0.15% | |
| Commodity Chemicals | 0.023% | |
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 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ASIANPAINT Asian Paints | ₹2.75k | 4.1% +₹104.9b | 13.0% | PE55.3x | |
| PIDILITIND Pidilite Industries | ₹1.61k | 2.6% +₹41.2b | 12.7% | PE67x | |
| COROMANDEL Coromandel International | ₹2.07k | 4.7% +₹27.3b | -20.0% | PE33.3x | |
| 509480 Berger Paints India | ₹520.35 | 4.5% +₹26.2b | -8.2% | PE53.8x | |
| PARADEEP Paradeep Phosphates | ₹147.33 | 8.3% +₹11.7b | -32.4% | PE14.3x |
