Chemical Stocks to Buy in November 2026: 5 Names on the Watchlist
- October 29, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
SRF Rs 2,347. Navin Fluorine Rs 8,373. Aarti Industries Rs 459.30. Atul Rs 5,134. Gujarat Fluoro Rs 4,244. NSE prices, 29 Oct 2026.
Quick Answer
Five chemical stocks to buy on the November 2026 watchlist are SRF, Navin Fluorine International, Aarti Industries, Atul and Gujarat Fluorochemicals. All five grew revenue in their latest full year, and all five also grew net profit. Atul has the lowest P/E at 19.52, while Navin Fluorine International leads on return on equity at 16.69%. Check each valuation against your own risk appetite before acting.
The chemical stocks to buy in November 2026 start with five listed names: SRF, Navin Fluorine International, Aarti Industries, Atul and Gujarat Fluorochemicals. Chemical companies, especially in speciality and fluorine chemistry, benefit from global supply chain diversification and demand from agriculture, pharma and electronics.
This article ranks none of them as a sure thing. It lays out the numbers each company has reported, how the shares are priced today and what an investor should check before adding any of these chemical stocks to buy to a portfolio. All prices are NSE quotes from 29 October 2026, and financials come from company filings.
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Which Are the Best Chemical Stocks to Buy in November 2026?
The best chemical stocks to buy in November 2026 for a watchlist are SRF, Navin Fluorine International, Aarti Industries, Atul and Gujarat Fluorochemicals. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.
| Company | CMP (Rs) | Market Cap | P/E | ROE | Dividend Yield |
|---|---|---|---|---|---|
| SRF | 2,347 | Rs 69,630 crore | 30.50 | 14.92% | 0.38% |
| Navin Fluorine International | 8,373 | Rs 43,617 crore | 55.23 | 16.69% | 0.10% |
| Aarti Industries | 459.30 | Rs 15,863 crore | 29.87 | 7.04% | 0.23% |
| Atul | 5,134 | Rs 15,366 crore | 19.52 | 11.73% | 0.58% |
| Gujarat Fluorochemicals | 4,244 | Rs 46,777 crore | 77.96 | 7.13% | 0.07% |
On valuation, Aarti Industries and Atul trade below the industry P/E; SRF sits close to it; Navin Fluorine International and Gujarat Fluorochemicals carry a premium. Valuation is the first filter for any chemical stocks to buy list, and it is covered again in the risk section.
Why These Chemical Stocks to Buy Are in Focus
Global customers are looking for reliable suppliers outside China, which helps Indian speciality chemical makers win long-term contracts. The list covers diversified and fluorine specialists, an intermediates maker and a colours and polymers company. Investors searching for the best chemical stocks in India usually check margins, research capability and customer concentration.
SRF: The Diversified Chemicals Major Among Chemical Stocks to Buy
SRF is a diversified maker of fluorochemicals, speciality chemicals, packaging films and technical textiles. At Rs 2,347, the stock has a market capitalisation of Rs 69,630 crore and trades at 30.50 times earnings, while the industry P/E is 33.45.
Reported numbers show FY26 revenue of Rs 15,894 crore, up 7.2% year on year, with net profit at Rs 1,835 crore, up 46.7%. The September 2026 quarter added revenue of Rs 4,929 crore (up 34.5%) and net profit of Rs 509 crore (up 31.2%).
Return on equity is 14.92%, debt-to-equity is 0.35, and the dividend yield is 0.38%. Promoters hold 50.26%, foreign institutions 15.20% and domestic institutions 22.51% as of September 2026. Domestic institutional holding has risen from 19.53% to 22.51% over the last year.
Navin Fluorine International: The Fluorine Specialist Among Chemical Stocks to Buy
Navin Fluorine International is a fluorine speciality chemicals, refrigerant gas and contract research and manufacturing company. Its market capitalisation is Rs 43,617 crore, the share price is Rs 8,373 and the P/E of 55.23 compares with an industry P/E of 33.45.
Over FY26, net profit rose 129.9% to Rs 664 crore on revenue of Rs 3,379 crore, which was up 41.2%. The latest quarter, the June 2026 quarter, brought revenue of Rs 1,080 crore, up 46.1% year on year, and net profit of Rs 243 crore, up 107.7%.
Return on equity is 16.69%, debt-to-equity is 0.32, and the dividend yield is 0.10%. Promoters hold 27.08%, foreign institutions 23.38% and domestic institutions 28.70% as of September 2026. Foreign institutional holding has risen from 22.15% to 23.38% over the last year.
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Aarti Industries: The Intermediates Maker Among Chemical Stocks to Buy
Aarti Industries is a benzene-based speciality chemicals and intermediates maker. The stock trades at Rs 459.30 with a market capitalisation of Rs 15,863 crore and a P/E of 29.87, against an industry P/E of 33.45.
FY26 revenue rose 13.8% to Rs 8,291 crore and net profit rose 26.7% to Rs 419 crore. In the June 2026 quarter, revenue grew 40.6% year on year to Rs 2,630 crore, while net profit grew 260.5% to Rs 155 crore.
Return on equity is 7.04%, debt-to-equity is 0.83, and the dividend yield is 0.23%. Promoters hold 41.82%, foreign institutions 6.96% and domestic institutions 20.89% as of September 2026. Domestic institutional holding has risen from 18.21% to 20.89% over the last year. A point to keep in view: debt is higher than most names on this list, and return on equity is a modest 7.04%.
Atul: The Colours and Intermediates Name Among Chemical Stocks to Buy
Atul is a maker of colours, intermediates, agrochemicals and polymer chemicals. At Rs 5,134, the stock has a market capitalisation of Rs 15,366 crore and trades at 19.52 times earnings, while the industry P/E is 33.45.
Reported numbers show FY26 revenue of Rs 6,476 crore, up 13.8% year on year, with net profit at Rs 689 crore, up 38.2%. The September 2026 quarter added revenue of Rs 1,925 crore (up 20.3%) and net profit of Rs 159 crore (down 13.0%).
Return on equity is 11.73%, debt-to-equity is 0.03, and the dividend yield is 0.58%. Promoters hold 45.33%, foreign institutions 8.90% and domestic institutions 25.23% as of September 2026. A point to keep in view: net profit in the September 2026 quarter was lower than a year earlier, so the next result is worth tracking.
Gujarat Fluorochemicals: The Fluoropolymer Maker Among Chemical Stocks to Buy
Gujarat Fluorochemicals is a maker of fluoropolymers, refrigerants and battery chemicals. Its market capitalisation is Rs 46,777 crore, the share price is Rs 4,244 and the P/E of 77.96 compares with an industry P/E of 33.45.
Over FY26, net profit rose 5.1% to Rs 574 crore on revenue of Rs 5,126 crore, which was up 5.6%. The latest quarter, the June 2026 quarter, brought revenue of Rs 1,600 crore, up 22.7% year on year, and net profit of Rs 219 crore, up 20.3%.
Return on equity is 7.13%, debt-to-equity is 0.29, and the dividend yield is 0.07%. Promoters hold 61.39%, foreign institutions 4.53% and domestic institutions 13.32% as of September 2026. A point to keep in view: at a P/E of 77.96, expectations are already high, and return on equity is a modest 7.13%.
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Growth Snapshot: Latest Full Year and Latest Quarter
The table compares year-on-year growth in revenue and net profit for all five chemical stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| SRF | 7.2% | 46.7% | Sep 2026 | 34.5% | 31.2% |
| Navin Fluorine International | 41.2% | 129.9% | Jun 2026 | 46.1% | 107.7% |
| Aarti Industries | 13.8% | 26.7% | Jun 2026 | 40.6% | 260.5% |
| Atul | 13.8% | 38.2% | Sep 2026 | 20.3% | -13.0% |
| Gujarat Fluorochemicals | 5.6% | 5.1% | Jun 2026 | 22.7% | 20.3% |
Factors That Move Chemical Stocks to Buy
Four factors tend to drive chemical stocks, and each one is worth checking before a purchase.
- Supply chain shifts: Global buyers diversifying away from China can lift Indian orders.
- Raw material prices: Crude-linked inputs and benzene prices influence margins.
- End-market demand: Pharma, agriculture and electronics demand shape volumes.
- Capacity additions: New plants expand output but add near-term costs.
Risks to Keep in Mind Before Buying Chemical Stocks
The first risk is pricing, since a surplus of imported chemicals can pressure margins. The second is demand timing, because customers in destocking phases may delay orders. Some names also trade at premium multiples, so slower growth can have a visible effect on share prices.
On the numbers, Gujarat Fluorochemicals trades at the highest P/E on this list at 77.96, so its earnings need to keep growing to support the price. Chemical stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.
How to Choose Chemical Stocks to Buy
- Check margins: Stable operating margins signal pricing power.
- Review debt: Moderate debt is fine when new capacity is funded.
- Study customer mix: A wide customer base lowers concentration risk.
- Compare valuations: Premium multiples need strong growth to hold.
How to Invest in Chemical Stocks
- Shortlist two or three companies from this list that match your risk appetite.
- Open the Univest Screener and compare P/E, ROE and debt for each stock.
- Check the latest quarterly results and shareholding pattern on NSE or BSE.
- Decide an amount you can hold for three to five years and split it into two or three purchases.
- Review the holding after every quarterly result instead of reacting to daily price moves.
Conclusion
Atul offers the lowest P/E on this list at 19.52, Navin Fluorine International has the highest return on equity at 16.69%, and Navin Fluorine International posted the fastest net profit growth in its latest full year at 129.9%. Among the best chemical stocks in India, these five give investors a spread of size, valuation and growth, so the right pick depends on risk appetite and holding period. Spread the entry, keep position sizes sensible and consult a SEBI-registered advisor before investing in any of these chemical stocks to buy.
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).
Frequently Asked Questions on Chemical Stocks to Buy
Which are the best chemical stocks to buy in November 2026?
Ans. The five chemical stocks on the November 2026 watchlist are SRF, Navin Fluorine International, Aarti Industries, Atul and Gujarat Fluorochemicals. Atul has the lowest P/E at 19.52, Navin Fluorine International has the highest ROE at 16.69%, and Navin Fluorine International grew net profit 129.9% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is SRF a good chemical stock to buy?
Ans. SRF is the largest company on this list with a market capitalisation of Rs 69,630 crore and a P/E of 30.50 against an industry P/E of 33.45. Its FY26 revenue rose 7.2% and net profit rose 46.7%, with return on equity at 14.92%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.
Are chemical stocks expensive right now?
Ans. Valuations vary across the group. SRF trades at a P/E of 30.50, Navin Fluorine International trades at a P/E of 55.23, Aarti Industries trades at a P/E of 29.87, Atul trades at a P/E of 19.52, Gujarat Fluorochemicals trades at a P/E of 77.96, against an industry P/E of 33.45. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which chemical stocks pay a dividend?
Ans. Dividend yields on this list are SRF 0.38%, Navin Fluorine International 0.10%, Aarti Industries 0.23%, Atul 0.58%, Gujarat Fluorochemicals 0.07%. Yields are modest across the group, so most investors look at these stocks for growth in earnings rather than for income, and payouts can change with company profits.
Which chemical stock has the highest return on equity?
Ans. Navin Fluorine International has the highest ROE on this list at 16.69%, followed by SRF at 14.92% and Atul at 11.73%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.
What are the risks of investing in chemical stocks?
Ans. The main risks are imported-chemical price pressure, customer destocking and premium valuations. On this list, Gujarat Fluorochemicals trades at the highest P/E of 77.96, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.
How can I invest in chemical stocks in India?
Ans. You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.
