Top 10 Chemical Stocks By Market Capitalisation
Posted by : sachet | Thu Feb 06 2025
Chemical stocks are the shares of companies producing and distributing chemical products. The growing industrial base and increasing demand for chemicals play a significant role in building investors’ wealth. Because of the robust market demand, the Indian chemical industry is poised for considerable expansion in the upcoming years. Hence, the top 10 chemical stocks in India could be the best opportunity for investors looking for short-term and long-term returns.
Chemical Industry in India
The chemical sector is the backbone of various industries, such as agriculture, pharmaceuticals, construction, and textiles. It provides raw materials and finished products to these industries for smooth operations. At the global level, India stands in 6th position in producing a range of chemicals and contributes around 7% to the economy’s GDP (Gross Domestic Product).
In the Union Budget 2024, the Government of India (GOI) announced PLI (Production Linked Incentive) schemes to promote bulk drug parks. Around INR 1,629 crore was allocated for these schemes. The chemical industry in India is to surge at a CAGR of 9.3% and reach $304 billion by 2025. Therefore, it is the right time to invest in chemical sector stocks to build wealth in the upcoming years.
Top 10 Chemical Stocks in India By Market Capitalisation
Here is the list of chemical sector stocks with their current price, market capitalisation, 52-week high and low. Explore the table below to make a diversified investment portfolio.
| Stock Name | LTP (in INR) | Market Capitalisation (in cr.) | 52-Week High (in INR) | 52-Week Low (in INR) |
| Pidilite Industries Ltd. | 3,096.45 | 1,57,000 | 3,415.00 | 2,418.80 |
| Solar Industries India Ltd. | 10,209.00 | 92,380 | 13,298.00 | 5,909.35 |
| PI Industries Ltd. | 4,595.70 | 69,720 | 4,804.05 | 3,220.00 |
| SRF Ltd. | 2,294.10 | 68,040 | 2,693.95 | 2,089.10 |
| Godrej Industries Ltd. | 980.45 | 33,020 | 1,314.00 | 642.55 |
| Tata Chemicals Ltd. | 1,095.00 | 27,900 | 1,349.00 | 933.00 |
| Navin Fluorine International Ltd. | 3,460.00 | 17,160 | 3,979.45 | 2,875.95 |
| Deepak Fertilisers and Petrochemicals Corporation Ltd. | 1,280.50 | 16,160 | 1,403.95 | 450.00 |
| Paradeep Phosphates Ltd. | 107.00 | 8,720 | 119.55 | 61.95 |
| Balaji Amines Ltd. | 2,058.00 | 6,660 | 2,735.00 | 1,960.00 |
*Data is updated as of 11th November 2024.
Overview of Top 10 Chemical Stocks in India
1. Pidilite Industries Ltd.
Market Capitalisation: INR 1,57,000 cr.
Price-to-Earnings (PE) Ratio: 82.45
Analysts Rating: 50 (Buy)
Pidilite Industries Ltd. is a Mumbai-based company that manufactures chemicals such as adhesives, construction chemicals, and sealants. Founded in 1959, it has become one of the top 10 chemical stocks in India for investors. The revenue of this company is INR 3,230 crores, and its net income increased 18.75% YoY.
2. Solar Industries India Ltd.
Market Capitalisation: INR 92,380 cr.
Price-to-Earnings (PE) Ratio: 99.86
Analysts Rating: 71 (Buy)
Founded in 1983, Solar Industries is currently the leading industrial explosives manufacturer. Its products include bulk explosives, initiating systems, HMX, RDX, TNT, and associated compounds. It is one of the top chemical stocks in India, providing around 64.68% return in the past year. Solar Industries India Ltd.’s revenue is INR 1,690 crores, and its net income increased 45.11% YoY.
3. PI Industries Ltd.
Market Capitalisation: INR 69,720 cr.
Price-to-Earnings (PE) Ratio: 39.90
Analysts Rating: 50 (Buy)
PI Industries Ltd., founded in 1946, manufactures agricultural products, polymers, and fine chemicals. It is headquartered in Gurugram, Haryana, and believes in progress, adaptability, and innovation.
Increasing the net income of PI Industries Ltd. by 17.21% YoY made it one of the prominent chemical sector stocks for investors. The revenue of this one of the top 10 chemical stocks in India stood at INR 2,070 crores.
4. SRF Ltd.
Market Capitalisation: INR 68,040 cr.
Price-to-Earnings (PE) Ratio: 60.23
Analysts Rating: 69 (Buy)
SRF (Shri Ram Fibres) was founded in 1970 and has over 8,000 employees. It is a chemical conglomerate and manufacturer of industrial intermediates. One of the top 10 chemical stocks in India has a revenue of INR 3,420 crores; in March 2024, its EPS (Earnings per Share) was beaten by 0.89%.
5. Godrej Industries Ltd.
Market Capitalisation: INR 33,020 cr.
Price-to-Earnings (PE) Ratio: 550.64
Analysts Rating: 77 (Buy)
This Mumbai-based company was founded in 1963 as a holding company of Godrej Group. It is a leader in biotech products, special chemicals, oleochemicals, and surfactants. Godrej Industries Ltd.’s revenue is INR 5,260 crores, and its net income has increased by 81.11% YoY. This is one of the top 10 chemical stocks in India, and it has strong fundamentals and financial performance in the market.
6. Tata Chemicals Ltd.
Market Capitalisation: INR 27,900 cr.
Price-to-Earnings (PE) Ratio: 102.75
Analysts Rating: 64 (Buy)
This Indian MNC was founded in Mumbai, Maharashtra, in 1939. Tata Chemicals Ltd. offers sustainable chemistry solutions by harnessing science and technology to gain long-term growth in the competitive market. Tata Chemicals Ltd. generated a revenue of INR 4,000 crores and became one of the favourite chemical sector stocks to invest in.
7. Navin Fluorine International Ltd.
Market Capitalisation: INR 17,160 cr.
Price-to-Earnings (PE) Ratio: 66.45
Analysts Rating: 60 (Buy)
Since its establishment in 1967, Navin Fluorine International Ltd. has suffered greatly due to the highly competitive market. But today, it has reached among the largest integrated fluorochemical complexes in India. This is one of the top 10 chemical stocks in India, with EPS (Earnings per Share) beaten by 49.58%. The revenue of this company stood at 518.56 crores in September 2024.
8. Deepak Fertilisers and Petrochemicals Corporation Ltd.
Market Capitalisation: INR 16,160 cr.
Price-to-Earnings (PE) Ratio: 23.84
Analysts Rating: 40 (Buy)
It is an India-based company that manufactures agricultural chemicals, crop nutrients, fertilisers, and more. The company was founded in 1979 as an Ammonia Manufacturer but today has become a listed multi-product conglomerate. Its revenue is INR 2,7500 crores, and its net income has increased by 249.39% YoY. Investors consider it one of the best chemical stocks in India to diversify their portfolios.
9. Paradeep Phosphates Ltd.
Market Capitalisation: INR 8,720 cr.
Price-to-Earnings (PE) Ratio: 23.97
Analysts Rating: 71 (Buy)
Paradeep Phosphates Ltd. was incorporated in 1981 and operates as a fertiliser manufacturing company. It has two manufacturing units, one in Odisha and another in Goa. The total production capacity of Paradeep Phosphates Ltd. is 3 million metric tonnes (MT). The company’s revenue is INR 3,840 crores, and its net income has increased by 154.53% YoY.
10. Balaji Amines Ltd.
Market Capitalisation: INR 6,660 cr.
Price-to-Earnings (PE) Ratio: 34.13
Analysts Rating: 60 (Buy)
This India-based company was founded in 1988 and is currently engaged in manufacturing and selling aliphatic amines, derivatives, and speciality chemicals. Initially, A. Prathap Reddy started this company to manufacture Methyl Amines and Ethyl Amines. But now, it has become one of the top 10 chemical stocks in India to build investors’ wealth. In June 2024, the revenue of Balaji Amines Ltd. was INR 384.75 crores.
Best Chemical Stocks in India Based On 1-Year Returns
As discussed earlier, the chemical industry in India is set to grow with a CAGR of 9.3%. This will lead to an increase in stock prices in 2025. Here is the categorisation of the best chemical stocks in India based on one-year returns.
| Stock Name | 1-Year Return (%) |
| Deepak Fertilisers and Petrochemicals Corporation Ltd. | 109.47 |
| Paradeep Phosphates Ltd. | 69.84 |
| Solar Industries India Ltd. | 64.68 |
| Godrej Industries Ltd | 46.52 |
| Pidilite Industries Ltd. | 27.50 |
*Data is updated as of 11th November 2024.
Dividend Yield in Best Chemical Stocks in India
Dividend is the regular income for investors. It is not part of the stock market’s return on investment (ROI). Here are some chemical sector stocks with their dividend yield percentage. Keep scrolling to explore more.
| Stock Name | Dividend Yield (%) |
| Tata Chemicals Ltd. | 1.37 |
| Balaji Amines Ltd. | 0.53 |
| Paradeep Phosphates Ltd. | 0.47 |
| Deepak Fertilisers and Petrochemicals Corporation Ltd. | 0.66 |
| Pidilite Industries Ltd. | 0.52 |
*Data is updated as of 11th November 2024.
Factors to Consider When Investing in Chemical Stocks in India
Invest in chemical sector stocks to build your wealth. But don’t forget to consider the crucial factors in examining market behaviour and volatility. Here are some factors that could help you create a diversified investment portfolio.
- Market Sentiments
Market volatility sometimes impacts stock prices. Investors should assess market conditions through emerging trends, demand, supply, and more. This could help them evaluate the scope of growth in the best chemical stocks in India.
- Fundamentals and Financials
Investors must remember to evaluate a company’s revenue, profitability, debt, and cash flow to identify the best chemical stocks. Assessing a company’s capability is also essential to making the portfolio more diversified.
- Technological Components
In this ever-evolving technological landscape, businesses encounter innovative tech advances promptly. However, adapting to such technological components is complex. Identify chemical companies successfully integrating tech advances into their operations to analyse their prospects.
- Raw Material
Every manufacturing business needs raw materials. However, low accessibility and high costs sometimes disturb a company’s financials. Investors should assess chemical companies’ raw material sourcing strategies to identify the best chemical stocks in India.
How to Invest in the Top 10 Chemical Stocks in India?
Follow the steps mentioned below to invest in the top 10 chemical stocks in India.
- Step 1: Open a demat account on Univest to invest in the top 10 chemical stocks in India.
- Step 2: Conduct deep research on chemical sector stocks and choose the potential investment options.
- Step 3: Navigate your demat account and place a buy order for the shares selected.
- Step 4: Place a buy order and execute it to invest.
- Step 5: Track your investment in the portfolio section and wait for the right time to book profit.
Let’s Wrap
Government policies and market demands back the chemical industry in India. One can consider it as a prominent wealth-building opportunity in the stock market. If you’re a long-term investors and looking to diversify your portfolio, you’ve reached the right spot.
Experts are anticipating steady growth in the Indian chemical industry in upcoming years. The best chemical stocks in India are now the focus of investors. And it is the right time to begin your investment journey with Univest. All you need to do is download the Univest app, choose a subscription, invest, and relax. Let the SEBI-registered analyst do it for you.
Frequently Asked Questions
1. What are the best chemical stocks in India?
Ans. Here are the best stocks in the Indian chemical industry.
- Pidilite Industries Ltd.
- Solar Industries Ltd.
- Tata Chemicals Ltd.
- PI Industries Ltd.
- SRF Ltd.
- Godrej Industries Ltd.
2. How to invest in chemical sector stocks?
Ans. To invest in chemical sector stocks, you need to register with a broker and open a demat account. Then, you can place a transaction on your demat account to buy shares of chemical companies.
3. Which chemical stocks in India are best for 2025?
Ans. SRF Ltd. and Navin Fluorine International Ltd. are the best stocks to buy in 2025, with analyst ratings of 69 and 60, respectively. You must conduct thorough research on the company’s fundamentals and market sentiments to make an informed investment decision.
4. Is it safe to invest in chemical sector stocks?
Ans. Investing in chemical stocks is safe. But also comes with certain risks for the stock market, such as high volatility, uncertain issues, fluctuation in demand, etc. Consider these risks when investing your invaluable money in chemical stocks.
5. Which is the largest chemical company in India?
Ans. Pidilite Industries Ltd. is the largest chemical company in India, with a market capitalisation of INR 1,57,000 crores. The company has manufacturing facilities in more than 40 nations and a 13 lakh square feet warehouse area.
Explore Current and Previous IPOs
| Company | Opening Date | Closing Date |
| Solarium Green Energy Limited | 6th February 2025 | 10th February 2025 |
| Amwill Healthcare Limited | 5th February 2025 | 7th February 2025 |
| Ken Enterprises Limited | 5th February 2025 | 7th February 2025 |
| Chamunda Electricals Limited | 4th February 2025 | 6th February 2025 |
| Malpani Pipes and Fitting Ltd. | 29th January 2025 | 31st January 2025 |
| Dr. Agarwals Healthcare Ltd. | 29th January 2025 | 31st January 2025 |
| H.M. Electro Mech Ltd. | 24th January 2025 | 28th January 2025 |
| Denta Water and Infra Solutions Ltd. | 22nd January 2025 | 24th January 2025 |
| Stallion India Fluorochemicals Ltd. | 16th January 2025 | 20th January 2025 |
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