Analysis Article • Aug 01
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- 7D1.1%
- 3M7.7%
- 1Y-2.0%
- YTD4.8%
In the last week, the Chemicals industry is up 1.1%, with Asian Paints up 4.1%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 17% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 03 Aug 2026 | ₹19.4t | ₹7.5t | ₹561.2b | 21.2x | 34.5x | 2.6x |
| Wed, 01 Jul 2026 | ₹19.0t | ₹7.4t | ₹540.2b | 20.4x | 35.2x | 2.6x |
| Fri, 29 May 2026 | ₹18.9t | ₹7.4t | ₹530.6b | 22.1x | 35.7x | 2.5x |
| Sun, 26 Apr 2026 | ₹17.8t | ₹7.2t | ₹540.4b | 22.2x | 32.9x | 2.5x |
| Tue, 24 Mar 2026 | ₹15.6t | ₹7.2t | ₹538.7b | 19.7x | 29x | 2.2x |
| Thu, 19 Feb 2026 | ₹17.7t | ₹7.1t | ₹536.4b | 22.7x | 33x | 2.5x |
| Sat, 17 Jan 2026 | ₹18.5t | ₹7.1t | ₹496.6b | 22.6x | 37.3x | 2.6x |
| Mon, 15 Dec 2025 | ₹18.7t | ₹7.1t | ₹495.4b | 23.3x | 37.6x | 2.6x |
| Wed, 12 Nov 2025 | ₹19.2t | ₹7.0t | ₹478.5b | 25.1x | 40x | 2.7x |
| Fri, 10 Oct 2025 | ₹19.2t | ₹6.9t | ₹457.0b | 25.7x | 42x | 2.8x |
| Sun, 07 Sep 2025 | ₹19.8t | ₹6.9t | ₹457.0b | 26x | 43.4x | 2.9x |
| Tue, 05 Aug 2025 | ₹20.2t | ₹6.8t | ₹451.5b | 28.5x | 44.8x | 3x |
| Thu, 03 Jul 2025 | ₹20.5t | ₹6.8t | ₹443.5b | 29x | 46.3x | 3x |
| Sat, 31 May 2025 | ₹19.5t | ₹6.7t | ₹446.2b | 26.7x | 43.7x | 2.9x |
| Mon, 28 Apr 2025 | ₹18.4t | ₹6.6t | ₹410.6b | 24.9x | 44.9x | 2.8x |
| Wed, 26 Mar 2025 | ₹17.6t | ₹6.6t | ₹410.2b | 24.3x | 42.8x | 2.7x |
| Fri, 21 Feb 2025 | ₹17.1t | ₹6.6t | ₹400.4b | 25.4x | 42.6x | 2.6x |
| Sun, 19 Jan 2025 | ₹18.1t | ₹6.5t | ₹368.5b | 29.6x | 49.1x | 2.8x |
| Tue, 17 Dec 2024 | ₹19.5t | ₹6.4t | ₹367.7b | 32.7x | 52.9x | 3x |
| Thu, 14 Nov 2024 | ₹18.6t | ₹6.4t | ₹364.7b | 32.8x | 50.9x | 2.9x |
| Sat, 12 Oct 2024 | ₹20.7t | ₹6.4t | ₹369.5b | 34.7x | 56.1x | 3.2x |
| Mon, 09 Sep 2024 | ₹21.0t | ₹6.4t | ₹363.9b | 34.9x | 57.6x | 3.3x |
| Wed, 07 Aug 2024 | ₹19.9t | ₹6.4t | ₹366.4b | 34.7x | 54.2x | 3.1x |
| Fri, 05 Jul 2024 | ₹20.0t | ₹6.4t | ₹381.4b | 35.2x | 52.4x | 3.1x |
| Sun, 02 Jun 2024 | ₹17.7t | ₹6.4t | ₹374.1b | 28.9x | 47.2x | 2.8x |
| Tue, 30 Apr 2024 | ₹18.1t | ₹6.5t | ₹407.3b | 30.8x | 44.5x | 2.8x |
| Thu, 28 Mar 2024 | ₹16.8t | ₹6.5t | ₹411.3b | 27.7x | 40.9x | 2.6x |
| Sat, 24 Feb 2024 | ₹17.4t | ₹6.5t | ₹422.4b | 30.3x | 41.1x | 2.7x |
| Mon, 22 Jan 2024 | ₹17.7t | ₹6.8t | ₹488.2b | 30.4x | 36.2x | 2.6x |
| Wed, 20 Dec 2023 | ₹17.7t | ₹6.8t | ₹485.5b | 29.4x | 36.4x | 2.6x |
| Fri, 17 Nov 2023 | ₹16.6t | ₹6.7t | ₹484.2b | 28.4x | 34.3x | 2.5x |
| Sun, 15 Oct 2023 | ₹16.6t | ₹6.9t | ₹513.9b | 27.4x | 32.3x | 2.4x |
| Tue, 12 Sep 2023 | ₹17.2t | ₹6.9t | ₹513.6b | 28x | 33.5x | 2.5x |
| Thu, 10 Aug 2023 | ₹16.2t | ₹7.0t | ₹527.9b | 24.8x | 30.7x | 2.3x |
Price to Earnings Ratio
30.7x
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 |
