3 Zinc Oxide and Surface Treatment Chemical Stocks With a Strong Future Roadmap: Grauer & Weil (India), JG Chemicals and India Glycols
- October 12, 2026
- Posted by: Lakshit Sharma
- Category: Best Stocks
Grauer & Weil Rs 81.32, P/E 22.12. JG Chemicals Rs 630.75, P/E 31.94. India Glycols Rs 329.60, P/E 7.58. Closing prices of 9 Oct 2026.
Quick Answer
Zinc oxide and surface treatment chemical stocks with the clearest long-term roadmaps today include Grauer & Weil in surface treatment chemicals, JG Chemicals in zinc oxide for tyres, ceramics and paints and India Glycols in glycols, spirits and specialty chemicals. FY26 revenue growth was 5.1% at Grauer & Weil, 15.2% at JG Chemicals and 11.5% at India Glycols. P/E stands at 22.12 for Grauer & Weil (industry 36.60), 31.94 for JG Chemicals (industry 36.60) and 7.58 for India Glycols (industry 54.53). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company’s risks need equal attention.
Zinc oxide and surface treatment chemical stocks give investors exposure to chemicals used in tyres, paints, metal finishing and consumer products. Volumes, product prices and plant utilisation decide how much of that demand turns into profit.
This list covers three zinc oxide and surface treatment chemical stocks: Grauer & Weil (India) for surface treatment chemicals, JG Chemicals for zinc oxide for tyres, ceramics and paints and India Glycols for glycols, spirits and specialty chemicals. Every figure comes from the latest reported financials and the 9 October 2026 market close. Companies without complete current figures were left out.
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What Are Zinc Oxide and Surface Treatment Chemical Stocks?
Zinc oxide and surface treatment chemical stocks are shares of companies that make specialty chemicals for industrial and consumer uses. Results depend on volumes, product prices and plant utilisation, so product prices and utilisation separate the stronger names.
Zinc Oxide and Surface Treatment Chemical Stocks at a Glance
The table compares size, valuation, return on equity and debt for the three zinc oxide and surface treatment chemical stocks as of the 9 Oct 2026 close.
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE | Debt to Equity |
|---|---|---|---|---|---|---|
| Grauer & Weil (India) | 81.32 | 3,540 | 22.12 | 36.60 | 15.16% | 0.01 |
| JG Chemicals | 630.75 | 2,505 | 31.94 | 36.60 | 12.47% | 0.01 |
| India Glycols | 329.60 | 2,397 | 7.58 | 54.53 | 9.98% | 0.58 |
Among specialty chemical stocks, all three trade at a discount to their industry P/E multiples.
Why Do Zinc Oxide and Surface Treatment Chemical Stocks Have a Strong Roadmap in India?
Zinc oxide and surface treatment chemical stocks have a strong roadmap in India because tyres, paints, metal finishing and consumer products keep needing specialty chemicals made close to the buyer. Three drivers stand out.
- Industrial demand: Tyres, ceramics and paints use these chemicals.
- Specialty mix: Higher-value products can lift margins.
- Local supply: Buyers value dependable domestic makers.
Grauer & Weil (India): Surface Treatment Chemicals Drive the Pipeline
Grauer & Weil’s roadmap rests on surface treatment chemicals and related industrial products, with several business lines supporting earnings.
Revenue grew from Rs 782.11 crore in FY22 to Rs 1,239.78 crore in FY26, a 58.5% rise, and FY26 revenue was 5.1% higher than FY25. FY26 net profit rose 4.3% to Rs 164.03 crore. Over four years, net profit rose from Rs 78.77 crore in FY22 to Rs 164.03 crore. In Q1 FY27, revenue grew 17.0% to Rs 311.11 crore. Operating margin was 18.87% in FY26.
Debt to equity is 0.01 and return on equity is 15.16%. FY26 operating cash flow was Rs 151.86 crore against capital expenditure of Rs 53.65 crore. Grauer & Weil paid a dividend of Rs 1 per share for FY26, a yield of 1.28%. At a P/E of 22.12 against an industry P/E of 36.60, the stock trades below its industry multiple.
What to watch: The P/E of 22.12 against an industry P/E of 36.60 leaves valuation less stretched, so the next quarters’ growth is the figure to follow.
JG Chemicals: Zinc Oxide Demand Builds the Next Leg
JG Chemicals’ roadmap rests on zinc oxide used in tyres, ceramics, paints and other industrial products, with steady industrial demand supporting volumes.
Revenue grew from Rs 623.05 crore in FY22 to Rs 988.77 crore in FY26, a 58.7% rise, and FY26 revenue was 15.2% higher than FY25. FY26 net profit rose 2.8% to Rs 68.65 crore. Over four years, net profit rose from Rs 43.13 crore in FY22 to Rs 68.65 crore. In Q1 FY27, revenue grew 43.8% to Rs 318.38 crore, and net profit rose 59.7% to Rs 26.12 crore. Operating margin was 10.09% in FY26 and 11.48% in Q1 FY27 against 10.65% a year earlier.
Debt to equity is 0.01 and return on equity is 12.47%. FY26 operating cash flow was Rs 43.57 crore against capital expenditure of Rs 39.03 crore. The dividend yield is 0.16%. At a P/E of 31.94 against an industry P/E of 36.60, the stock trades below its industry multiple.
What to watch: Q1 FY27 operating margin was 11.48% against 10.09% for FY26, so margin stability is the figure to follow as volumes grow.
India Glycols: Green Chemicals and Ethanol Build the Next Leg
India Glycols’ roadmap rests on glycols, spirits and ethanol, and specialty chemicals made from renewable feedstock, with ethanol blending and chemical demand supporting volumes.
Revenue grew from Rs 2,889.84 crore in FY22 to Rs 4,216.34 crore in FY26, a 45.9% rise, and FY26 revenue was 11.5% higher than FY25. FY26 net profit rose 26.8% to Rs 292.76 crore. In Q1 FY27, revenue grew 19.3% to Rs 2,988.82 crore, and net profit rose 32.2% to Rs 96.83 crore. Operating margin was 7.12% in FY26.
Debt to equity is 0.58 and return on equity is 9.98%. FY26 operating cash flow was Rs 769.16 crore against capital expenditure of Rs 823.48 crore. India Glycols paid a dividend of Rs 7.5 per share for FY26, a yield of 2.10%. At a P/E of 7.58 against an industry P/E of 54.53, the stock trades below its industry multiple.
What to watch: The P/E of 7.58 against an industry P/E of 54.53 leaves valuation less stretched, so the next quarters’ growth is the figure to follow.
Best Zinc Oxide and Surface Treatment Chemical Stocks in India: Grauer & Weil vs JG Chemicals vs India Glycols on Key Financials
Among the best zinc oxide and surface treatment chemical stocks in India, Grauer & Weil leads on FY26 operating margin and return on equity; JG Chemicals leads on FY26 revenue growth and Q1 FY27 revenue growth; India Glycols leads on FY26 net profit growth and the lowest P/E. The table puts the numbers side by side.
| Metric | Grauer & Weil | JG Chemicals | India Glycols |
|---|---|---|---|
| FY26 revenue (Rs Cr) | 1,239.78 | 988.77 | 4,216.34 |
| FY26 revenue growth | 5.1% | 15.2% | 11.5% |
| FY26 net profit (Rs Cr) | 164.03 | 68.65 | 292.76 |
| FY26 net profit growth | 4.3% | 2.8% | 26.8% |
| FY26 operating profit margin | 18.87% | 10.09% | 7.12% |
| Q1 FY27 revenue growth (YoY) | 17.0% | 43.8% | 19.3% |
| Return on equity | 15.16% | 12.47% | 9.98% |
| P/E ratio | 22.12 | 31.94 | 7.58 |
| Debt to equity | 0.01 | 0.01 | 0.58 |
| Dividend yield | 1.28% | 0.16% | 2.10% |
| FY26 operating cash flow (Rs Cr) | 151.86 | 43.57 | 769.16 |
Chemical earnings follow volumes, product prices and plant utilisation, so full-year numbers and quarterly trends together give a better view.
How to Evaluate Zinc Oxide and Surface Treatment Chemical Stocks to Buy Before You Invest
A short checklist keeps the research consistent when you screen zinc oxide and surface treatment chemical stocks and shortlist zinc oxide and surface treatment chemical stocks to buy.
- Compare each stock’s P/E with its industry P/E, which differs by company here.
- Check operating margin, debt and capacity plans together.
- Check whether revenue growth is turning into profit growth, not only sales.
- Read operating cash flow against capital expenditure to see how growth is funded.
- Watch debt to equity and interest cover before sizing a position.
- Spread exposure across companies and business lines instead of one demand cycle.
Check the Univest Screener for live data on these zinc oxide and surface treatment chemical stocks
Risks to Consider Before Investing in Zinc Oxide and Surface Treatment Chemical Stocks
- Raw material costs: Zinc and feedstock prices can affect margins.
- Demand swings: Slower tyre or paint demand can affect volumes.
- Quarterly trends: A single weak quarter can change near-term earnings, so track results every quarter.
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Final Take: Which Stock Has the Strongest Roadmap?
These three specialty chemical stocks cover zinc oxide, surface treatment chemicals and glycols. Grauer & Weil leads on FY26 operating margin and return on equity; JG Chemicals leads on FY26 revenue growth and Q1 FY27 revenue growth; India Glycols leads on FY26 net profit growth and the lowest P/E.
Across zinc oxide and surface treatment chemical stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the zinc oxide and surface treatment chemical stocks to buy discussed here.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Zinc Oxide and Surface Treatment Chemical Stocks
Which are the best zinc oxide and surface treatment chemical stocks in India with a strong roadmap?
Ans. Grauer & Weil (India), JG Chemicals and India Glycols stand out for their roadmaps in zinc oxide, surface treatment chemicals and glycols. FY26 revenue growth was 5.1% at Grauer & Weil, 15.2% at JG Chemicals and 11.5% at India Glycols, and return on equity ranges from 9.98% to 15.16%.
Is Grauer & Weil (India) a good stock to buy now?
Ans. Grauer & Weil (India) has a debt to equity ratio of 0.01, a return on equity of 15.16% and a P/E of 22.12 against an industry P/E of 36.60. Valuation, product prices and feedstock costs move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.
What is the P/E ratio of Grauer & Weil, JG Chemicals and India Glycols?
Ans. The P/E ratio is 22.12 for Grauer & Weil (industry 36.60), 31.94 for JG Chemicals (industry 36.60) and 7.58 for India Glycols (industry 54.53). All of them trade below the industry multiple.
Which of these zinc oxide and surface treatment chemical stocks has the highest return on equity?
Ans. Grauer & Weil (India) has the highest return on equity at 15.16%, followed by JG Chemicals at 12.47% and India Glycols at 9.98%.
What are the risks of investing in zinc oxide and surface treatment chemical stocks?
Ans. The main risks are raw material costs, demand swings and quarterly trends. Zinc and feedstock prices can affect margins.
How did Grauer & Weil, JG Chemicals and India Glycols perform in Q1 FY27?
Ans. Grauer & Weil (India) reported revenue of Rs 311.11 crore, up 17.0% year on year. JG Chemicals reported revenue of Rs 318.38 crore, up 43.8% year on year, and net profit rose 59.7% to Rs 26.12 crore. India Glycols reported revenue of Rs 2,988.82 crore, up 19.3% year on year, and net profit rose 32.2% to Rs 96.83 crore.
Do zinc oxide and surface treatment chemical stocks pay dividends?
Ans. Yes, all three companies pay dividends. The dividend yield is 1.28% for Grauer & Weil, 0.16% for JG Chemicals and 2.10% for India Glycols, based on dividends declared for FY26.
How can I invest in zinc oxide and surface treatment chemical stocks in India?
Ans. You can buy zinc oxide and surface treatment chemical stocks through a demat and trading account on NSE or BSE after checking each company’s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.