{"id":288328,"date":"2026-10-06T09:44:25","date_gmt":"2026-10-06T04:14:25","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=288328"},"modified":"2026-10-06T09:44:25","modified_gmt":"2026-10-06T04:14:25","slug":"chemical-stocks-strong-roadmap","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/","title":{"rendered":"3 Chemical Stocks With a Strong Future Roadmap: SRF, Navin Fluorine and Deepak Nitrite"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>SRF Rs 2,460.00, P\/E 33.66. Navin Fluorine Rs 8,272.00, P\/E 53.75. Deepak Nitrite Rs 1,497.00, P\/E 26.07. Closing prices of 5 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Chemical stocks with the clearest long-term roadmaps today include SRF in fluorochemicals, specialty chemicals and packaging films, Navin Fluorine in fluorochemicals and contract manufacturing and Deepak Nitrite in agrochemical intermediates, fine chemicals and phenolics. FY26 revenue growth was 7.2% at SRF, 41.2% at Navin Fluorine and -5.0% at Deepak Nitrite. P\/E stands at 33.66 for SRF (industry 35.95), 53.75 for Navin Fluorine (industry 35.95) and 26.07 for Deepak Nitrite (industry 35.95). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Chemical stocks give investors exposure to products that go into agriculture, pharma, refrigeration and packaging. Specialty makers earn better margins than commodity producers, which is why product mix, contract manufacturing and capacity additions matter as much as volume.<\/p>\n<p>This list covers three chemical sector stocks: SRF for fluorochemicals, specialty chemicals and packaging films, Navin Fluorine for fluorochemicals and contract manufacturing and Deepak Nitrite for agrochemical intermediates, fine chemicals and phenolics. Every figure comes from the latest reported financials and the 5 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=chemical-stocks-strong-roadmap\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#What_Are_Chemical_Stocks\" title=\"What Are Chemical Stocks?\">What Are Chemical Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#Chemical_Stocks_at_a_Glance\" title=\"Chemical Stocks at a Glance\">Chemical Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#Why_Do_Chemical_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Chemical Stocks Have a Strong Roadmap in India?\">Why Do Chemical Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#SRF_Fluorochemicals_Specialty_Chemicals_and_Films_Anchor_the_Roadmap\" title=\"SRF: Fluorochemicals, Specialty Chemicals and Films Anchor the Roadmap\">SRF: Fluorochemicals, Specialty Chemicals and Films Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#Navin_Fluorine_Fluorochemicals_and_Contract_Manufacturing_Drive_the_Pipeline\" title=\"Navin Fluorine: Fluorochemicals and Contract Manufacturing Drive the Pipeline\">Navin Fluorine: Fluorochemicals and Contract Manufacturing Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#Deepak_Nitrite_Intermediates_and_New_Capacity_Build_the_Next_Leg\" title=\"Deepak Nitrite: Intermediates and New Capacity Build the Next Leg\">Deepak Nitrite: Intermediates and New Capacity Build the Next Leg<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#Best_Chemical_Stocks_in_India_SRF_vs_Navin_Fluorine_vs_Deepak_Nitrite_on_Key_Financials\" title=\"Best Chemical Stocks in India: SRF vs Navin Fluorine vs Deepak Nitrite on Key Financials\">Best Chemical Stocks in India: SRF vs Navin Fluorine vs Deepak Nitrite on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#How_to_Evaluate_Specialty_Chemical_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Specialty Chemical Stocks to Buy Before You Invest\">How to Evaluate Specialty Chemical Stocks to Buy Before You Invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#Risks_to_Consider_Before_Investing_in_Chemical_Stocks\" title=\"Risks to Consider Before Investing in Chemical Stocks\">Risks to Consider Before Investing in Chemical Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#FAQs_on_Chemical_Stocks\" title=\"FAQs on Chemical Stocks\">FAQs on Chemical Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#Which_are_the_best_chemical_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best chemical stocks in India with a strong roadmap?\">Which are the best chemical stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#Is_SRF_a_good_stock_to_buy_now\" title=\"Is SRF a good stock to buy now?\">Is SRF a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#What_is_the_PE_ratio_of_SRF_Navin_Fluorine_and_Deepak_Nitrite\" title=\"What is the P\/E ratio of SRF, Navin Fluorine and Deepak Nitrite?\">What is the P\/E ratio of SRF, Navin Fluorine and Deepak Nitrite?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#Which_of_these_chemical_stocks_has_the_highest_return_on_equity\" title=\"Which of these chemical stocks has the highest return on equity?\">Which of these chemical stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#What_are_the_risks_of_investing_in_chemical_stocks\" title=\"What are the risks of investing in chemical stocks?\">What are the risks of investing in chemical stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#How_did_SRF_Navin_Fluorine_and_Deepak_Nitrite_perform_in_Q1_FY27\" title=\"How did SRF, Navin Fluorine and Deepak Nitrite perform in Q1 FY27?\">How did SRF, Navin Fluorine and Deepak Nitrite perform in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#Do_chemical_stocks_pay_dividends\" title=\"Do chemical stocks pay dividends?\">Do chemical stocks pay dividends?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/chemical-stocks-strong-roadmap\/#How_can_I_invest_in_chemical_stocks_in_India\" title=\"How can I invest in chemical stocks in India?\">How can I invest in chemical stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Chemical_Stocks\"><\/span><strong>What Are Chemical Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Chemical stocks are shares of companies that make basic, specialty and fine chemicals for industries such as agriculture, pharma, paints and refrigeration. Their results depend on export demand, raw material costs and capacity expansion, so product mix and long-term customer contracts separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Chemical_Stocks_at_a_Glance\"><\/span><strong>Chemical Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three chemical stocks as of the 5 October 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/srf\/srf-ltd-share-price-today\">SRF<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,460.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">72,772<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.66<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">35.95<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.07%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.36<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/navinfluor\/navin-fluorine-international-ltd-share-price-today\">Navin Fluorine<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8,272.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">42,445<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">53.75<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">35.95<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.69%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.32<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/deepakntr\/deepak-nitrite-ltd-share-price-today\">Deepak Nitrite<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,497.00<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20,423<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.07<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">35.95<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.43%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.28<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among chemical sector stocks, SRF and Deepak Nitrite trade below the industry P\/E, while Navin Fluorine trades at a premium to the industry multiple.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Chemical_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Chemical Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Chemical stocks have a strong roadmap in India because global customers are adding Indian suppliers under a China plus one strategy, and local makers are adding capacity in specialty chemicals. Three drivers stand out.<\/p>\n<ul>\n<li><strong>China plus one:<\/strong> Global buyers are widening their supplier base beyond China, which supports orders for Indian specialty chemicals.<\/li>\n<li><strong>Contract manufacturing:<\/strong> Long-term supply contracts with global customers add visibility to revenue.<\/li>\n<li><strong>Capacity expansion:<\/strong> New plants in fluorochemicals and intermediates add products and widen the customer base.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"SRF_Fluorochemicals_Specialty_Chemicals_and_Films_Anchor_the_Roadmap\"><\/span><strong>SRF: Fluorochemicals, Specialty Chemicals and Films Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>SRF&#8217;s roadmap rests on fluorochemicals including refrigerant gases, specialty chemicals for agrochemical and pharma customers and a packaging films business, with new capacity coming on stream.<\/p>\n<p>Revenue grew from Rs 12,549.17 crore in FY22 to Rs 15,893.57 crore in FY26, a 26.7% rise, and FY26 revenue was 7.2% higher than FY25. FY26 net profit rose 46.7% to Rs 1,835.18 crore. Over four years, net profit moved from Rs 1,888.92 crore in FY22 to Rs 1,835.18 crore. In Q1 FY27, revenue grew 31.7% to Rs 5,067.17 crore, and net profit rose 75.5% to Rs 758.87 crore. Operating margin was 21.74% in FY26 and 25.73% in Q1 FY27 against 22.98% a year earlier.<\/p>\n<p>Debt to equity is 0.36 and return on equity is 13.07%. FY26 operating cash flow was Rs 2,553.56 crore against capital expenditure of Rs 1,815.31 crore. SRF paid a dividend of Rs 9 per share for FY26, a yield of 0.37%. At a P\/E of 33.66 against an industry P\/E of 35.95, the stock trades below its industry multiple.<\/p>\n<p>What to watch: FY26 net profit of Rs 1,835.18 crore is still below the Rs 1,888.92 crore of FY22.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Navin_Fluorine_Fluorochemicals_and_Contract_Manufacturing_Drive_the_Pipeline\"><\/span><strong>Navin Fluorine: Fluorochemicals and Contract Manufacturing Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Navin Fluorine&#8217;s roadmap rests on high-value fluorochemicals, refrigerant gases and a contract development and manufacturing business that serves global customers.<\/p>\n<p>Revenue grew from Rs 1,492.58 crore in FY22 to Rs 3,379.19 crore in FY26, a 126.4% rise, and FY26 revenue was 41.2% higher than FY25. FY26 net profit rose 129.9% to Rs 663.56 crore. Over four years, net profit rose from Rs 263.08 crore in FY22 to Rs 663.56 crore. In Q1 FY27, revenue grew 46.1% to Rs 1,080.17 crore, and net profit rose 107.7% to Rs 243.31 crore. Operating margin was 34.41% in FY26 and 37.52% in Q1 FY27 against 30.42% a year earlier.<\/p>\n<p>Debt to equity is 0.32 and return on equity is 16.69%. FY26 operating cash flow was Rs 893.57 crore against capital expenditure of Rs 489.26 crore. Navin Fluorine paid a dividend of Rs 8.6 per share for FY26, a yield of 0.10%. At a P\/E of 53.75 against an industry P\/E of 35.95, the stock trades above its industry multiple.<\/p>\n<p>What to watch: FY26 net profit more than doubled from a low base, so growth rates may normalise. The P\/E of 53.75 sits above the industry P\/E of 35.95, so earnings delivery matters for the valuation.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Deepak_Nitrite_Intermediates_and_New_Capacity_Build_the_Next_Leg\"><\/span><strong>Deepak Nitrite: Intermediates and New Capacity Build the Next Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Deepak Nitrite&#8217;s roadmap rests on its intermediates for agrochemical, pharma and dye customers and a phenolics chain, with new plants adding downstream products.<\/p>\n<p>Revenue grew from Rs 6,844.80 crore in FY22 to Rs 7,946.94 crore in FY26, a 16.1% rise, and FY26 revenue was 5.0% lower than FY25. FY26 net profit fell 21.0% to Rs 550.66 crore. Over four years, net profit moved from Rs 1,066.64 crore in FY22 to Rs 550.66 crore. In Q1 FY27, revenue grew 35.4% to Rs 2,591.61 crore, and net profit rose 207.4% to Rs 345.01 crore. Operating margin was 13.07% in FY26 and 21.50% in Q1 FY27 against 11.33% a year earlier.<\/p>\n<p>Debt to equity is 0.28 and return on equity is 9.43%. FY26 operating cash flow was Rs 538.95 crore against capital expenditure of Rs 1,198.62 crore. Deepak Nitrite paid a dividend of Rs 7.5 per share for FY26, a yield of 0.50%. At a P\/E of 26.07 against an industry P\/E of 35.95, the stock trades below its industry multiple.<\/p>\n<p>What to watch: FY26 capital expenditure of Rs 1,198.62 crore was more than double operating cash flow of Rs 538.95 crore, and FY26 operating margin of 13.07% was well below the 24.24% of FY22. FY26 net profit was 21.0% lower than FY25.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Chemical_Stocks_in_India_SRF_vs_Navin_Fluorine_vs_Deepak_Nitrite_on_Key_Financials\"><\/span><strong>Best Chemical Stocks in India: SRF vs Navin Fluorine vs Deepak Nitrite on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best chemical stocks in India, Navin Fluorine leads on FY26 operating margin and Q1 FY27 revenue growth; Deepak Nitrite leads on the lowest P\/E. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">SRF<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Navin Fluorine<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Deepak Nitrite<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15,893.57<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,379.19<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7,946.94<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">41.2%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">-5.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Revenue growth FY22 to FY26<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">126.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,835.18<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">663.56<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">550.66<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">46.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">129.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">-21.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating profit margin<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">21.74%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.41%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.07%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">46.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">35.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 net profit growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">75.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">107.7%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">207.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.07%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.69%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.43%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">33.66<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">53.75<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.07<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.36<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.32<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.28<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.37%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.10%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.50%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 operating cash flow (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2,553.56<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">893.57<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">538.95<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Chemical earnings can swing with raw material prices and export demand, so read quarterly numbers with the full-year trend.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Specialty_Chemical_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Specialty Chemical Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen chemical stocks and shortlist specialty chemical stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which is 35.95 for all three here.<\/li>\n<li>Track operating margin across several quarters, because input costs can move faster than prices.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read operating cash flow against capital expenditure to see how growth is funded.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these chemical stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Chemical_Stocks\"><\/span><strong>Risks to Consider Before Investing in Chemical Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Export demand:<\/strong> A slowdown in global agrochemical or pharma demand can cut orders quickly.<\/li>\n<li><strong>Raw material and price swings:<\/strong> Input costs and selling prices in some products follow global markets, which can compress margins.<\/li>\n<li><strong>Valuation:<\/strong> Navin Fluorine trades at 53.75 times earnings against an industry multiple of 35.95, so a growth slowdown can weigh on the stock.<\/li>\n<li><strong>Capex execution:<\/strong> Large new plants need on-time commissioning for returns to materialise.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track SRF, Navin Fluorine and Deepak Nitrite live.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three specialty chemical stocks cover fluorochemicals and films, fluorochemicals with contract manufacturing, and agrochemical intermediates. Navin Fluorine leads on FY26 operating margin and Q1 FY27 revenue growth; Deepak Nitrite leads on the lowest P\/E.<\/p>\n<p>Across chemical sector 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 specialty chemical stocks to buy discussed here.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Chemical_Stocks\"><\/span><strong>FAQs on Chemical Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_chemical_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best chemical stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SRF, Navin Fluorine and Deepak Nitrite stand out for their roadmaps in fluorochemicals, specialty chemicals and intermediates. FY26 revenue growth was 7.2% at SRF, 41.2% at Navin Fluorine and -5.0% at Deepak Nitrite, and return on equity ranges from 9.43% to 16.69%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_SRF_a_good_stock_to_buy_now\"><\/span><strong>Is SRF a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SRF has a debt to equity ratio of 0.36, a return on equity of 13.07% and a P\/E of 33.66 against an industry P\/E of 35.95. Raw material prices, export demand and plant commissioning move results, even though the stock trades below its industry multiple. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_SRF_Navin_Fluorine_and_Deepak_Nitrite\"><\/span><strong>What is the P\/E ratio of SRF, Navin Fluorine and Deepak Nitrite?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 33.66 for SRF (industry 35.95), 53.75 for Navin Fluorine (industry 35.95) and 26.07 for Deepak Nitrite (industry 35.95). Only Navin Fluorine trades at or above the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_chemical_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these chemical stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Navin Fluorine has the highest return on equity at 16.69%, followed by SRF at 13.07% and Deepak Nitrite at 9.43%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_chemical_stocks\"><\/span><strong>What are the risks of investing in chemical stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are weak export demand, raw material and price swings, the cost and timing of new capacity and valuation. Navin Fluorine trades at 53.75 times earnings against an industry multiple of 35.95.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_SRF_Navin_Fluorine_and_Deepak_Nitrite_perform_in_Q1_FY27\"><\/span><strong>How did SRF, Navin Fluorine and Deepak Nitrite perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SRF reported revenue of Rs 5,067.17 crore, up 31.7% year on year, and net profit rose 75.5% to Rs 758.87 crore. Navin Fluorine reported revenue of Rs 1,080.17 crore, up 46.1% year on year, and net profit rose 107.7% to Rs 243.31 crore. Deepak Nitrite reported revenue of Rs 2,591.61 crore, up 35.4% year on year, and net profit rose 207.4% to Rs 345.01 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_chemical_stocks_pay_dividends\"><\/span><strong>Do chemical stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, all three companies pay dividends. The dividend yield is 0.37% for SRF, 0.10% for Navin Fluorine and 0.50% for Deepak Nitrite, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_chemical_stocks_in_India\"><\/span><strong>How can I invest in chemical stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy chemical stocks through a demat and trading account on NSE or BSE after checking each company&#8217;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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best chemical stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SRF, Navin Fluorine and Deepak Nitrite stand out for their roadmaps in fluorochemicals, specialty chemicals and intermediates. FY26 revenue growth was 7.2% at SRF, 41.2% at Navin Fluorine and -5.0% at Deepak Nitrite, and return on equity ranges from 9.43% to 16.69%.\"}},{\"@type\":\"Question\",\"name\":\"Is SRF a good stock to buy now?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SRF has a debt to equity ratio of 0.36, a return on equity of 13.07% and a P\/E of 33.66 against an industry P\/E of 35.95. Raw material prices, export demand and plant commissioning move results, even though the stock trades below its industry multiple. This article is not investment advice, so consult a SEBI-registered advisor before deciding.\"}},{\"@type\":\"Question\",\"name\":\"What is the P\/E ratio of SRF, Navin Fluorine and Deepak Nitrite?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The P\/E ratio is 33.66 for SRF (industry 35.95), 53.75 for Navin Fluorine (industry 35.95) and 26.07 for Deepak Nitrite (industry 35.95). Only Navin Fluorine trades at or above the industry multiple.\"}},{\"@type\":\"Question\",\"name\":\"Which of these chemical stocks has the highest return on equity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Navin Fluorine has the highest return on equity at 16.69%, followed by SRF at 13.07% and Deepak Nitrite at 9.43%.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of investing in chemical stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are weak export demand, raw material and price swings, the cost and timing of new capacity and valuation. Navin Fluorine trades at 53.75 times earnings against an industry multiple of 35.95.\"}},{\"@type\":\"Question\",\"name\":\"How did SRF, Navin Fluorine and Deepak Nitrite perform in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SRF reported revenue of Rs 5,067.17 crore, up 31.7% year on year, and net profit rose 75.5% to Rs 758.87 crore. Navin Fluorine reported revenue of Rs 1,080.17 crore, up 46.1% year on year, and net profit rose 107.7% to Rs 243.31 crore. Deepak Nitrite reported revenue of Rs 2,591.61 crore, up 35.4% year on year, and net profit rose 207.4% to Rs 345.01 crore.\"}},{\"@type\":\"Question\",\"name\":\"Do chemical stocks pay dividends?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, all three companies pay dividends. The dividend yield is 0.37% for SRF, 0.10% for Navin Fluorine and 0.50% for Deepak Nitrite, based on dividends declared for FY26.\"}},{\"@type\":\"Question\",\"name\":\"How can I invest in chemical stocks in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can buy 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.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SRF, Navin Fluorine and Deepak Nitrite compared on growth, margins, debt and valuation, with the roadmap and risks investors should track.<\/p>\n","protected":false},"author":36,"featured_media":288327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[1151,7131,7132,7069,681],"class_list":["post-288328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-chemical-stocks","tag-deepak-nitrite","tag-navin-fluorine","tag-specialty-chemical-stocks","tag-srf"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["288327"],"rank_math_title":["Chemical Stocks: SRF, Navin Fluorine, Deepak Nitrite Roadmap"],"rank_math_description":["Chemical stocks with a strong roadmap: SRF, Navin Fluorine International and Deepak Nitrite compared on growth, margins, valuation and risks. 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