3 Isobutylene Derivatives Leader, Fluorochemicals and Packaging Films Group and Phosphatic Fertiliser Maker Stocks With a Strong Future Roadmap: Vinati Organics, SRF and Paradeep Phosphates

Vinati Organics, SRF and Paradeep Phosphates: ROE of 14.0% to 14.9% and FY22 to FY26 revenue CAGR of 6.1% to 29.1%. Prices as of 23 Oct 2026.

Updated: 26 Oct 2026 • 11:40 am

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3 Isobutylene Derivatives Leader, Fluorochemicals and Packaging Films Group and Phosphatic Fertiliser Maker Stocks With a Strong Future Roadmap: Vinati Organics, SRF and Paradeep Phosphates

Quick Answer

The three chemical, refrigerant and phosphate stocks to watch are Vinati Organics, SRF and Paradeep Phosphates. Their return on equity ranges from 14.0% to 14.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.1% to 29.1%. SRF has the highest return on equity at 14.9%, while Paradeep Phosphates has the fastest revenue growth at 29.1% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.

Chemical, refrigerant and phosphate stocks give investors a way to track businesses that sit close to everyday demand in India. Vinati Organics, SRF and Paradeep Phosphates cover an isobutylene derivatives leader, a fluorochemicals and packaging films group and a phosphatic fertiliser maker.

This list covers three chemical, refrigerant and phosphate stocks with complete current figures: Vinati Organics, SRF and Paradeep Phosphates. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Chemical, Refrigerant and Phosphate Stocks?

Chemical, refrigerant and phosphate stocks are listed companies that make specialty chemicals, refrigerant gases, films and phosphatic fertilisers for industry and farmers. Their earnings depend on export demand, product mix, raw material costs and farm activity.

Chemical, Refrigerant and Phosphate Stocks at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
Vinati Organics	1,070.9	11,582	25.8	35.1	14.0	0.00
SRF	2,310	69,274	30.4	33.9	14.9	0.35
Paradeep Phosphates	133.57	15,007	14.0	21.2	14.7	1.02

On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing chemical, refrigerant and phosphate stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Chemical, Refrigerant and Phosphate Stocks Have a Strong Roadmap in India?

Chemical, refrigerant and phosphate stocks have a strong roadmap in India because global buyers keep widening their sourcing from India, and farm and industrial demand keep supporting chemicals and nutrients.

Niche leadership. Few producers of key chemicals support pricing.
Fluorochemicals. Refrigerants and specialty gases find new uses.
Farm nutrients. Fertiliser demand follows crop activity.

Why Vinati Organics Features Among These Chemical, Refrigerant and Phosphate Stocks

Among the chemical, refrigerant and phosphate stocks on this list, Vinati Organics is a specialty chemicals company and the world's leading maker of isobutylene derivatives such as IBB and ATBS, which are used in pharma, polymers and oil recovery.

Revenue rose from Rs 1,676 crore in FY22 to Rs 2,280 crore in FY26, a compound annual growth rate of 8.0%. Net profit grew from Rs 347 crore in FY22 to Rs 444 crore in FY26, which works out to a compound annual growth rate of 6.4%.

In the June 2026 quarter, revenue grew 28.3% year on year to Rs 705 crore, while net profit rose 4.5% to Rs 109 crore. The company has a return on equity of 14.0%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 11,582 crore. The stock trades at a P/E of 25.8, below the industry P/E of 35.1.

Roadmap: The company holds a leading global position in its core products, and has been developing new chemistries that serve several industries. A strong balance sheet with no debt supports its capacity expansion programme.

What to watch: Monitor demand for ATBS and the ramp-up of new products and capacity.

Why SRF Features Among These Chemical, Refrigerant and Phosphate Stocks

Among the isobutylene chemical company shares on this list, SRF is a diversified chemicals and materials company with fluorospecialty chemicals, refrigerant gases, packaging films and technical textiles, with customers in India and overseas.

Revenue rose from Rs 12,549 crore in FY22 to Rs 15,894 crore in FY26, a compound annual growth rate of 6.1%. Net profit grew from Rs 1,336 crore in FY24 to Rs 1,835 crore in FY26, which works out to a compound annual growth rate of 17.2%.

The company has a return on equity of 14.9%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 69,274 crore. The stock trades at a P/E of 30.4, below the industry P/E of 33.9.

Roadmap: The company is expanding in specialty chemicals and refrigerant gases while its packaging films and technical textiles businesses add scale. A mix of segments spreads earnings.

What to watch: Track specialty chemicals growth, refrigerant gas demand and capacity additions.

Why Paradeep Phosphates Features Among These Chemical, Refrigerant and Phosphate Stocks

Among the three companies on this list, Paradeep Phosphates makes phosphatic fertilisers such as DAP and NPK grades from its plant in Odisha, serving farmers across eastern and central India.

The company has a return on equity of 14.7%, a debt to equity ratio of 1.02 and a market capitalisation of Rs 15,007 crore. The stock trades at a P/E of 14.0, below the industry P/E of 21.2.

Revenue rose from Rs 7,898 crore in FY22 to Rs 21,973 crore in FY26, a compound annual growth rate of 29.1%. Net profit grew from Rs 398 crore in FY22 to Rs 996 crore in FY26, which works out to a compound annual growth rate of 25.8%. In the June 2026 quarter, revenue grew 35.4% year on year to Rs 6,146 crore, while net profit rose 23.9% to Rs 393 crore.

Roadmap: The company has expanded capacity and is working to increase volumes of complex fertilisers across its network. Its coastal location supports imports of raw material, and expansion plans support future volumes.

What to watch: Watch raw material prices, subsidy policy and the volume of new capacity coming on stream.

Vinati Organics vs SRF vs Paradeep Phosphates on Key Financials

The table below sets the three chemical, refrigerant and phosphate stocks side by side on revenue, profit and margin, using reported figures.

Company	FY22 Revenue (Rs Cr)	FY26 Revenue (Rs Cr)	Revenue CAGR (FY22-FY26)	FY26 Net Profit (Rs Cr)	FY26 Net Margin
Vinati Organics	1,676	2,280	8.0%	444	19.5%
SRF	12,549	15,894	6.1%	1,835	11.5%
Paradeep Phosphates	7,898	21,973	29.1%	996	4.5%

SRF posts the highest return on equity in this group at 14.9%. Paradeep Phosphates combines the largest FY26 revenue at Rs 21,973 crore with the fastest revenue growth, a 29.1% compound annual rate.

Key Risks to Check Before Investing in Chemical, Refrigerant and Phosphate Stocks

Every theme carries risks that deserve a check before any decision. For these chemical, refrigerant and phosphate stocks, the main points are:

Raw material costs. Input and gas prices can change margins.
Subsidy policy. Fertiliser earnings depend on government policy.
Export demand. Overseas conditions affect orders.

Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.

Use the Univest Stock Screener to filter chemical, refrigerant and phosphate stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Chemical, Refrigerant and Phosphate Stocks

Chemical, refrigerant and phosphate stocks work best when investors track growth, valuation and return on equity side by side. Vinati Organics, SRF and Paradeep Phosphates each have a clear plan to grow. Based on the 23 October 2026 close, Vinati Organics trades at Rs 1,070.9, SRF at Rs 2,310 and Paradeep Phosphates at Rs 133.57.

Download the Univest iOS App or Univest Android App to track chemical, refrigerant and phosphate stocks, set price alerts and get research-backed stock ideas.

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).

What are chemical, refrigerant and phosphate stocks?

Ans. Chemical, refrigerant and phosphate stocks are listed companies that make specialty chemicals, refrigerant gases, films and phosphatic fertilisers for industry and farmers. Their earnings depend on export demand, product mix, raw material costs and farm activity. This list looks at three of them, Vinati Organics, SRF and Paradeep Phosphates, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.

Which chemical, refrigerant and phosphate stocks are covered in this list?

Ans. This list covers Vinati Organics, SRF and Paradeep Phosphates. Based on the 23 October 2026 close, Vinati Organics traded at Rs 1,070.9, SRF at Rs 2,310 and Paradeep Phosphates at Rs 133.57. Their return on equity ranges from 14.0% to 14.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.1% to 29.1%.

Why do chemical, refrigerant and phosphate stocks have a strong future roadmap in India?

Ans. Chemical, refrigerant and phosphate stocks have a strong roadmap in India because global buyers keep widening their sourcing from India, and farm and industrial demand keep supporting chemicals and nutrients. The main drivers are as follows. Niche leadership. Few producers of key chemicals support pricing. Fluorochemicals. Refrigerants and specialty gases find new uses. Farm nutrients. Fertiliser demand follows crop activity. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Vinati Organics performed financially?

Ans. Revenue rose from Rs 1,676 crore in FY22 to Rs 2,280 crore in FY26, a compound annual growth rate of 8.0%. Net profit grew from Rs 347 crore in FY22 to Rs 444 crore in FY26, which works out to a compound annual growth rate of 6.4%. In the June 2026 quarter, revenue grew 28.3% year on year to Rs 705 crore, while net profit rose 4.5% to Rs 109 crore. The company has a return on equity of 14.0%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 11,582 crore. The stock trades at a P/E of 25.8, below the industry P/E of 35.1. Looking ahead, the company holds a leading global position in its core products, and has been developing new chemistries that serve several industries. A strong balance sheet with no debt supports its capacity expansion programme.

How has SRF performed financially?

Ans. Revenue rose from Rs 12,549 crore in FY22 to Rs 15,894 crore in FY26, a compound annual growth rate of 6.1%. Net profit grew from Rs 1,336 crore in FY24 to Rs 1,835 crore in FY26, which works out to a compound annual growth rate of 17.2%. The company has a return on equity of 14.9%, a debt to equity ratio of 0.35 and a market capitalisation of Rs 69,274 crore. The stock trades at a P/E of 30.4, below the industry P/E of 33.9. Looking ahead, the company is expanding in specialty chemicals and refrigerant gases while its packaging films and technical textiles businesses add scale. A mix of segments spreads earnings.

How has Paradeep Phosphates performed financially?

Ans. Revenue rose from Rs 7,898 crore in FY22 to Rs 21,973 crore in FY26, a compound annual growth rate of 29.1%. Net profit grew from Rs 398 crore in FY22 to Rs 996 crore in FY26, which works out to a compound annual growth rate of 25.8%. In the June 2026 quarter, revenue grew 35.4% year on year to Rs 6,146 crore, while net profit rose 23.9% to Rs 393 crore. The company has a return on equity of 14.7%, a debt to equity ratio of 1.02 and a market capitalisation of Rs 15,007 crore. The stock trades at a P/E of 14.0, below the industry P/E of 21.2. Looking ahead, the company has expanded capacity and is working to increase volumes of complex fertilisers across its network. Its coastal location supports imports of raw material, and expansion plans support future volumes.

What risks should investors check before buying chemical, refrigerant and phosphate stocks?

Ans. Investors should check a few risks before buying chemical, refrigerant and phosphate stocks. Raw material costs. Input and gas prices can change margins. Subsidy policy. Fertiliser earnings depend on government policy. Export demand. Overseas conditions affect orders. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.

Is this list of chemical, refrigerant and phosphate stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 23 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.