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Jul 02
Indian (NIFTY) Chemicals Industry Analysis
UpdatedJul 02, 2024
DataAggregated Company Financials
Companies319
- 7D0.7%
- 3M12.8%
- 1Y21.9%
- YTD7.9%
The Chemicals industry has been flat over the last week, but BASF India has lost 3.1%. As for the the longer term, the industry is up 22% over the past 12 months. Looking forward, earnings are forecast to grow by 19% 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 |
|---|---|---|---|---|---|---|
| Tue, 02 Jul 2024 | ₹19.6t | ₹6.4t | ₹381.8b | 34.4x | 51.4x | 3.1x |
| Thu, 30 May 2024 | ₹17.9t | ₹6.4t | ₹374.7b | 29x | 47.8x | 2.8x |
| Sat, 27 Apr 2024 | ₹18.0t | ₹6.5t | ₹407.3b | 31.1x | 44.2x | 2.8x |
| Mon, 25 Mar 2024 | ₹16.9t | ₹6.5t | ₹411.3b | 28.2x | 41.1x | 2.6x |
| Wed, 21 Feb 2024 | ₹17.4t | ₹6.5t | ₹422.3b | 30.2x | 41.2x | 2.7x |
| Fri, 19 Jan 2024 | ₹17.5t | ₹6.8t | ₹488.2b | 30.5x | 35.8x | 2.6x |
| Sun, 17 Dec 2023 | ₹17.6t | ₹6.8t | ₹485.5b | 29.2x | 36.2x | 2.6x |
| Tue, 14 Nov 2023 | ₹16.5t | ₹6.8t | ₹490.3b | 28.2x | 33.6x | 2.4x |
| Thu, 12 Oct 2023 | ₹16.5t | ₹6.9t | ₹513.8b | 27x | 32.2x | 2.4x |
| Sat, 09 Sep 2023 | ₹17.1t | ₹6.9t | ₹514.0b | 27.8x | 33.3x | 2.5x |
| Mon, 07 Aug 2023 | ₹16.2t | ₹7.0t | ₹541.8b | 23.6x | 29.9x | 2.3x |
| Wed, 05 Jul 2023 | ₹16.0t | ₹7.1t | ₹561.3b | 22.3x | 28.5x | 2.3x |
| Fri, 02 Jun 2023 | ₹15.5t | ₹7.1t | ₹575.1b | 20.7x | 26.9x | 2.2x |
| Sun, 30 Apr 2023 | ₹15.1t | ₹7.0t | ₹615.7b | 20.5x | 24.5x | 2.1x |
| Tue, 28 Mar 2023 | ₹14.0t | ₹7.0t | ₹614.1b | 17.9x | 22.7x | 2x |
| Thu, 23 Feb 2023 | ₹14.4t | ₹7.0t | ₹614.0b | 19.1x | 23.5x | 2.1x |
| Sat, 21 Jan 2023 | ₹14.7t | ₹6.7t | ₹618.7b | 19.5x | 23.8x | 2.2x |
| Mon, 19 Dec 2022 | ₹15.6t | ₹6.6t | ₹613.8b | 20.4x | 25.4x | 2.3x |
| Wed, 16 Nov 2022 | ₹15.5t | ₹6.5t | ₹606.6b | 19.2x | 25.6x | 2.4x |
| Fri, 14 Oct 2022 | ₹15.8t | ₹6.2t | ₹595.6b | 19.6x | 26.5x | 2.6x |
| Sun, 11 Sep 2022 | ₹16.6t | ₹6.2t | ₹595.6b | 19.8x | 27.9x | 2.7x |
| Tue, 09 Aug 2022 | ₹16.0t | ₹6.0t | ₹576.3b | 18.4x | 27.8x | 2.7x |
| Thu, 07 Jul 2022 | ₹14.0t | ₹5.6t | ₹534.6b | 17.1x | 26.2x | 2.5x |
| Sat, 04 Jun 2022 | ₹14.7t | ₹5.6t | ₹531.1b | 18.2x | 27.6x | 2.6x |
| Mon, 02 May 2022 | ₹15.7t | ₹5.1t | ₹484.7b | 20.7x | 32.4x | 3.1x |
| Wed, 30 Mar 2022 | ₹15.2t | ₹5.1t | ₹481.8b | 18.1x | 31.6x | 3x |
| Fri, 25 Feb 2022 | ₹13.9t | ₹5.1t | ₹485.8b | 17x | 28.6x | 2.7x |
| Sun, 23 Jan 2022 | ₹15.8t | ₹4.7t | ₹452.7b | 20.1x | 34.9x | 3.3x |
| Tue, 21 Dec 2021 | ₹14.6t | ₹4.7t | ₹454.7b | 17.2x | 32.2x | 3.1x |
| Thu, 18 Nov 2021 | ₹15.2t | ₹4.7t | ₹454.2b | 18.5x | 33.4x | 3.2x |
| Sat, 16 Oct 2021 | ₹16.1t | ₹4.4t | ₹434.5b | 20x | 37.2x | 3.7x |
| Mon, 13 Sep 2021 | ₹15.2t | ₹4.4t | ₹432.4b | 18.5x | 35.1x | 3.5x |
| Wed, 11 Aug 2021 | ₹14.1t | ₹4.3t | ₹428.8b | 18.5x | 32.8x | 3.2x |
Price to Earnings Ratio
31.2x
Current Industry PE
- Investors are optimistic on the Indian Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 51.4x which is higher than its 3-year average PE of 31.8x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.1x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 3.5% per year over the last three years.
- Meanwhile revenues for these companies have grown 14% 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 | 1.70% | |
| Materials | 1.60% | |
| Chemicals | 0.72% | |
| Industrial Gases | 1.71% | |
| Commodity Chemicals | 0.94% | |
| Fertilizers and Agricultural Chemicals | 0.76% | |
| Diversified Chemicals | 0.66% | |
| Specialty Chemicals | 0.41% | |
Industry PE
- Investors are most optimistic about the Industrial Gases industry which is trading above its 3-year average PE ratio of 88.4x.
- Analysts are expecting annual earnings growth of 30.8%, which is higher than its past year's earnings decline of 8.0% per year.
- Investors are most pessimistic about the Commodity Chemicals industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 23.7x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Gases industry, expecting annual earnings growth of 31% over the next 5 years.
- This is better than its past earnings decline of 8.0% per year.
- In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 16% 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 | ₹2.93k | 1.1% +₹30.5b | -12.8% | PE51.4x | |
| COROMANDEL Coromandel International | ₹1.60k | 4.3% +₹19.2b | 65.7% | PE28.6x | |
| 506401 Deepak Nitrite | ₹2.62k | 4.3% +₹14.7b | 20.8% | PE44x | |
| 523457 Linde India | ₹8.45k | 1.7% +₹12.1b | 94.6% | PE165.9x | |
| 503806 SRF | ₹2.46k | 1.7% +₹11.9b | 8.1% | PE54.6x |
