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Indian (NIFTY) Chemicals Industry Analysis

UpdatedAug 20, 2026
DataAggregated Company Financials
Companies358
  • 7D-0.5%
  • 3M5.5%
  • 1Y-1.2%
  • YTD6.0%

The Chemicals is pretty flat in the last 7 days, but Solar Industries India has stood out, gaining 5.3%. In line with that, the industry has also been flat over the past 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Aug 2026₹19.6t₹7.7t₹595.0b19.6x33x2.5x
Sat, 18 Jul 2026₹19.3t₹7.4t₹540.4b21.5x35.7x2.6x
Mon, 15 Jun 2026₹18.8t₹7.4t₹539.1b20.6x34.9x2.5x
Wed, 13 May 2026₹18.2t₹7.3t₹526.4b22.2x34.5x2.5x
Fri, 10 Apr 2026₹16.9t₹7.2t₹538.7b21.1x31.3x2.4x
Sun, 08 Mar 2026₹16.8t₹7.2t₹537.8b21.2x31.3x2.3x
Tue, 03 Feb 2026₹17.5t₹7.2t₹501.9b21.9x34.9x2.4x
Thu, 01 Jan 2026₹18.9t₹7.1t₹495.4b23.3x38.1x2.6x
Sat, 29 Nov 2025₹19.1t₹7.1t₹495.6b24.2x38.5x2.7x
Mon, 27 Oct 2025₹19.4t₹6.9t₹457.9b26.4x42.3x2.8x
Wed, 24 Sep 2025₹19.7t₹6.9t₹457.0b26.6x43x2.9x
Fri, 22 Aug 2025₹20.1t₹6.9t₹456.5b27.2x44.1x2.9x
Sun, 20 Jul 2025₹20.3t₹6.8t₹445.3b29.6x45.7x3x
Tue, 17 Jun 2025₹19.9t₹6.7t₹442.4b28.6x44.9x2.9x
Thu, 15 May 2025₹18.8t₹6.7t₹433.7b25.5x43.3x2.8x
Sat, 12 Apr 2025₹17.7t₹6.6t₹410.2b24.3x43x2.7x
Mon, 10 Mar 2025₹17.2t₹6.6t₹410.2b25.4x41.8x2.6x
Wed, 05 Feb 2025₹18.2t₹6.5t₹395.4b28.1x46.1x2.8x
Fri, 03 Jan 2025₹18.8t₹6.4t₹367.9b31.8x51x2.9x
Sun, 01 Dec 2024₹19.3t₹6.4t₹367.7b32.6x52.6x3x
Tue, 29 Oct 2024₹19.6t₹6.4t₹366.8b33.4x53.4x3.1x
Thu, 26 Sep 2024₹21.2t₹6.4t₹369.5b35.9x57.3x3.3x
Sat, 24 Aug 2024₹20.6t₹6.4t₹368.7b35.3x55.9x3.2x
Mon, 22 Jul 2024₹19.6t₹6.4t₹378.0b34.5x51.9x3.1x
Wed, 19 Jun 2024₹19.2t₹6.4t₹382.5b32.5x50.1x3x
Fri, 17 May 2024₹17.8t₹6.4t₹377.7b30.2x47.1x2.8x
Sun, 14 Apr 2024₹17.6t₹6.5t₹410.6b30.6x43x2.7x
Tue, 12 Mar 2024₹17.0t₹6.5t₹411.0b28.9x41.3x2.6x
Thu, 08 Feb 2024₹17.2t₹6.6t₹450.2b30.6x38.3x2.6x
Sat, 06 Jan 2024₹18.1t₹6.8t₹485.5b30.6x37.3x2.7x
Mon, 04 Dec 2023₹17.0t₹6.8t₹485.5b28.4x35x2.5x
Wed, 01 Nov 2023₹16.1t₹6.9t₹517.8b26.9x31.1x2.3x
Fri, 29 Sep 2023₹16.4t₹6.9t₹513.6b26.7x32x2.4x
Sun, 27 Aug 2023₹16.3t₹6.9t₹514.5b26.3x31.7x2.4x
Price to Earnings Ratio

31.7x


Total Market Cap: ₹16.3tTotal Earnings: ₹514.5bTotal Revenue: ₹6.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Chemicals Industry Price to Earnings3Y Average 41.9x202420252026
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 33.2x which is lower than its 3-year average PE of 41.9x.
  • 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 grown 5.0% per year over the last three years.
  • Revenues for these companies have grown 3.8% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

IN Market-1.00%
Materials-1.27%
Chemicals-0.52%
Commodity Chemicals0.63%
Fertilizers and Agricultural Chemicals-0.69%
Specialty Chemicals-0.89%
Industrial Gases-1.21%
Diversified Chemicals-1.52%
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 16.8%, which is lower than the prior year's growth of 40.6% per year.
  • Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, which is trading below its 3-year average of 33.5x.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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?

CompanyLast Price7D1YValuation
SOLARINDS Solar Industries India₹19.72k5.3%
+₹89.7b		36.4%PE89.6x
539837 Raghav Productivity Enhancers₹1.64k27.1%
+₹16.0b		171.3%PE119.8x
FLUOROCHEM Gujarat Fluorochemicals₹4.69k2.7%
+₹13.5b		37.2%PE83.5x
GALAXYSURF Galaxy Surfactants₹2.36k16.8%
+₹12.0b		8.1%PE23.7x
DCMSHRIRAM DCM Shriram₹1.05k5.6%
+₹8.9b		-17.1%PE11.7x

Latest News

506655
₹1,136.15
Sudarshan Chemical Industries
7D
8.8%
1Y
-20.7%
Narrative Update • Aug 18

506655: Dividend Timeline And Upcoming Results Will Support Further Upside Potential

The analyst price target for Sudarshan Chemical Industries has been revised from ₹1,214.57 to ₹1,325.57, with analysts attributing the change to updated assumptions for revenue growth, profit margins and future P/E. What’s in the News for Sudarshan Chemical Industries Sudarshan Chemical Industries has scheduled a board meeting on August 12, 2026 to consider and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
GALAXYSURF
₹2,361.30
Galaxy Surfactants
7D
16.8%
1Y
8.1%
Narrative Update • Aug 17

GALAXYSURF: Upcoming Board Meeting And Q1 Results Will Shape Balanced Outlook

Analysts have raised their price target for Galaxy Surfactants from ₹2,280.25 to ₹2,593.64, reflecting updated views on its fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Galaxy Surfactants has scheduled a Board Meeting for Aug 13, 2026.
FLUOROCHEM
₹4,689.10
Gujarat Fluorochemicals
7D
2.7%
1Y
37.2%
Analysis Article • Aug 17

Gujarat Fluorochemicals Limited (NSE:FLUOROCHEM) Released Earnings Last Week And Analysts Lifted Their Price Target To ₹4,624

Investors in Gujarat Fluorochemicals Limited ( NSE:FLUOROCHEM ) had a good week, as its shares rose 4.9% to close at...
FACT
₹787.15
Fertilisers and Chemicals Travancore
7D
-4.0%
1Y
-22.4%
SOLARINDS
₹19,721.00
Solar Industries India
7D
5.3%
1Y
36.4%
ASIANPAINT
₹2,630.80
Asian Paints
7D
-4.0%
1Y
2.4%
Narrative Update • Aug 13

ASIANPAINT: Dividends And Governance Changes Will Shape A Stable Fair Value Outlook

Analysts have lifted the Asian Paints price target from about ₹2,848 to roughly ₹3,021, reflecting updated assumptions that combine slightly lower revenue growth with a modestly higher profit margin and a similar future P/E multiple. What's in the News for Asian Paints Asian Paints has scheduled a Special or Extraordinary Shareholders Meeting on September 9, 2026, to be conducted via postal ballot in India.
NEOGEN
₹2,328.80
Neogen Chemicals
7D
12.6%
1Y
62.3%
GNFC
₹602.30
Gujarat Narmada Valley Fertilizers & Chemicals
7D
9.3%
1Y
13.9%
CARBORUNIV
₹1,087.20
Carborundum Universal
7D
-5.8%
1Y
9.8%
Narrative Update • Aug 11

CARBORUNIV: FY 2026 Guidance And Lower Discount Rate Will Shape Fair Outlook

Analysts have raised the Carborundum Universal price target from ₹1,040 to ₹1,111 as they factor in updated assumptions on discount rate, revenue growth, profit margins, and future P/E expectations. What’s in the News for Carborundum Universal Carborundum Universal has scheduled a board meeting on 7 Aug 2026 to consider and approve its unaudited financial results for the quarter ended 30 Jun 2026, as well as other business matters.
PIDILITIND
₹1,650.00
Pidilite Industries
7D
-3.0%
1Y
7.0%
509480
₹534.65
Berger Paints India
7D
-4.5%
1Y
-1.8%
Narrative Update • Aug 06

509480: Dividend Proposal And Updated Assumptions Will Support Steady Future Pricing Multiples

Analysts have raised their price target for Berger Paints India from about ₹542 to about ₹562, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that modestly adjust the stock's assessed fair value. What's in the News Berger Paints India has scheduled a board meeting on 5 August 2026 to consider and approve its unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, along with other business matters.
500770
₹636.50
Tata Chemicals
7D
-5.4%
1Y
-32.6%
500027
₹6,581.75
Atul
7D
-4.5%
1Y
2.9%
COROMANDEL
₹2,038.10
Coromandel International
7D
-1.7%
1Y
-15.8%
Analysis Article • Jul 26

Analysts Have Made A Financial Statement On Coromandel International Limited's (NSE:COROMANDEL) First-Quarter Report

Shareholders might have noticed that Coromandel International Limited ( NSE:COROMANDEL ) filed its quarterly result...
DCMSHRIRAM
₹1,049.40
DCM Shriram
7D
5.6%
1Y
-17.1%
539837
₹1,636.15
Raghav Productivity Enhancers
7D
27.1%
1Y
171.3%