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3 Speciality Carbon Materials Maker, Fluorochemicals and Packaging Films Company and Crop Protection and Custom Synthesis Firm Stocks With a Strong Future Roadmap: Himadri Speciality Chemical, SRF and PI Industries

Himadri Speciality Chemical, SRF and PI Industries: ROE of 11.8% to 16.6% and FY22 to FY26 revenue CAGR of 6.1% to 14.6%. Prices as of 23 Oct 2026.


26 Oct 2026 • 4:40 pm

3 Speciality Carbon Materials Maker, Fluorochemicals and Packaging Films Company and Crop Protection and Custom Synthesis Firm Stocks With a Strong Future Roadmap: Himadri Speciality Chemical, SRF and PI Industries

Quick Answer

The three carbon, fluoro chemical and agrochemical stocks to watch are Himadri Speciality Chemical, SRF and PI Industries. Their return on equity ranges from 11.8% to 16.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.1% to 14.6%. Himadri Speciality Chemical leads on both return on equity at 16.6% and revenue growth at 14.6% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.

Carbon, fluoro chemical and agrochemical stocks let investors follow companies that serve a growing part of the Indian economy. Himadri Speciality Chemical, SRF and PI Industries cover a speciality carbon materials maker, a fluorochemicals and packaging films company and a crop protection and custom synthesis firm.

This list covers three carbon, fluoro chemical and agrochemical stocks with complete current figures: Himadri Speciality Chemical, SRF and PI Industries. 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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What Are Carbon, Fluoro Chemical and Agrochemical Stocks?

Carbon, fluoro chemical and agrochemical stocks are listed chemical companies that make carbon materials, refrigerant gases, films and crop protection molecules for global and domestic customers. Their earnings depend on export orders, new products, plant use and input costs.

Carbon, Fluoro Chemical and Agrochemical Stocks at a Glance

Company CMP (Rs) Market Cap (Rs Cr) P/E Industry P/E ROE (%) D/E
Himadri Speciality Chemical 492 30,567 35.6 35.1 16.6 0.23
SRF 2,310 69,274 30.4 33.9 14.9 0.35
PI Industries 2,051 33,166 28.5 23.3 11.8 0.03

On valuation, SRF trades at a P/E below the industry P/E, while Himadri Speciality Chemical and PI Industries trade above it, which reflects the growth the market already expects.

Why Do Carbon, Fluoro Chemical and Agrochemical Stocks Have a Strong Roadmap in India?

Carbon, fluoro chemical and agrochemical stocks have a strong roadmap in India because global sourcing of speciality chemicals, battery materials and complex crop molecules keeps widening the market for Indian makers.

  • Battery materials. Advanced carbon products serve new energy needs.
  • Fluorochemicals. Refrigerants and speciality gases find global buyers.
  • Custom synthesis. Global innovators outsource complex molecules.

Why Himadri Speciality Chemical Features Among These Carbon, Fluoro Chemical and Agrochemical Stocks

Among the carbon, fluoro chemical and agrochemical stocks on this list, Himadri Speciality Chemical is a Kolkata-based maker of speciality carbon black, coal tar pitch and other carbon materials, and it is developing advanced carbon materials for battery uses.

Revenue rose from Rs 2,799 crore in FY22 to Rs 4,832 crore in FY26, a compound annual growth rate of 14.6%. Net profit grew from Rs 216 crore in FY23 to Rs 755 crore in FY26, which works out to a compound annual growth rate of 51.8%.

The company has a return on equity of 16.6%, a debt to equity ratio of 0.23 and a market capitalisation of Rs 30,567 crore. The stock trades at a P/E of 35.6, above the industry P/E of 35.1.

Roadmap: The company supplies materials to the rubber, aluminium, steel and chemical industries, and it has been moving towards higher-value speciality products. Its battery materials programme gives it a longer-term growth option.

What to watch: Follow volumes in speciality carbon black and progress on advanced battery materials.

Why SRF Features Among These Carbon, Fluoro Chemical and Agrochemical Stocks

Among the speciality carbon material 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 PI Industries Features Among These Carbon, Fluoro Chemical and Agrochemical Stocks

Among the three companies on this list, PI Industries is a Udaipur-based agrochemical and custom synthesis company. It sells crop protection products in India and manufactures complex molecules for global innovators, and it has added pharma and specialty chemistry capabilities.

The company has a return on equity of 11.8%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 33,166 crore. The stock trades at a P/E of 28.5, above the industry P/E of 23.3.

Revenue rose from Rs 5,401 crore in FY22 to Rs 7,024 crore in FY26, a compound annual growth rate of 6.8%. Net profit grew from Rs 844 crore in FY22 to Rs 1,321 crore in FY26, which works out to a compound annual growth rate of 11.9%.

Roadmap: The company is building long-term supply contracts for global customers, launching new crop protection brands and widening into pharma and other specialty areas. Strong research and plant capacity support its pipeline.

What to watch: Check the growth of custom synthesis orders and new product launches.

Himadri Speciality Chemical vs SRF vs PI Industries on Key Financials

The table below sets the three carbon, fluoro chemical and agrochemical 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
Himadri Speciality Chemical 2,799 4,832 14.6% 755 15.6%
SRF 12,549 15,894 6.1% 1,835 11.5%
PI Industries 5,401 7,024 6.8% 1,321 18.8%

Himadri Speciality Chemical posts the highest return on equity in this group at 16.6%. SRF has the largest FY26 revenue at Rs 15,894 crore, and Himadri Speciality Chemical shows the fastest revenue growth with a 14.6% compound annual rate.

Key Risks to Check Before Investing in Carbon, Fluoro Chemical and Agrochemical Stocks

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

  • Input costs. Crude linked inputs and energy prices affect margins.
  • Global demand. Export orders can vary between periods.
  • Regulation. Chemical approvals and rules can shift timelines.

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 carbon, fluoro chemical and agrochemical stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Carbon, Fluoro Chemical and Agrochemical Stocks

Carbon, fluoro chemical and agrochemical stocks reward investors who follow demand trends, order books and margins together. Himadri Speciality Chemical, SRF and PI Industries each have a clear plan to grow. Based on the 23 October 2026 close, Himadri Speciality Chemical trades at Rs 492, SRF at Rs 2,310 and PI Industries at Rs 2,051.

Download the Univest iOS App or Univest Android App to track carbon, fluoro chemical and agrochemical 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 carbon, fluoro chemical and agrochemical stocks?

Ans. Carbon, fluoro chemical and agrochemical stocks are listed chemical companies that make carbon materials, refrigerant gases, films and crop protection molecules for global and domestic customers. Their earnings depend on export orders, new products, plant use and input costs. This list looks at three of them, Himadri Speciality Chemical, SRF and PI Industries, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.

Which carbon, fluoro chemical and agrochemical stocks are covered in this list?

Ans. This list covers Himadri Speciality Chemical, SRF and PI Industries. Based on the 23 October 2026 close, Himadri Speciality Chemical traded at Rs 492, SRF at Rs 2,310 and PI Industries at Rs 2,051. Their return on equity ranges from 11.8% to 16.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.1% to 14.6%.

Why do carbon, fluoro chemical and agrochemical stocks have a strong future roadmap in India?

Ans. Carbon, fluoro chemical and agrochemical stocks have a strong roadmap in India because global sourcing of speciality chemicals, battery materials and complex crop molecules keeps widening the market for Indian makers. The main drivers are as follows. Battery materials. Advanced carbon products serve new energy needs. Fluorochemicals. Refrigerants and speciality gases find global buyers. Custom synthesis. Global innovators outsource complex molecules. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Himadri Speciality Chemical performed financially?

Ans. Revenue rose from Rs 2,799 crore in FY22 to Rs 4,832 crore in FY26, a compound annual growth rate of 14.6%. Net profit grew from Rs 216 crore in FY23 to Rs 755 crore in FY26, which works out to a compound annual growth rate of 51.8%. The company has a return on equity of 16.6%, a debt to equity ratio of 0.23 and a market capitalisation of Rs 30,567 crore. The stock trades at a P/E of 35.6, above the industry P/E of 35.1. Looking ahead, the company supplies materials to the rubber, aluminium, steel and chemical industries, and it has been moving towards higher-value speciality products. Its battery materials programme gives it a longer-term growth option.

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 PI Industries performed financially?

Ans. Revenue rose from Rs 5,401 crore in FY22 to Rs 7,024 crore in FY26, a compound annual growth rate of 6.8%. Net profit grew from Rs 844 crore in FY22 to Rs 1,321 crore in FY26, which works out to a compound annual growth rate of 11.9%. The company has a return on equity of 11.8%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 33,166 crore. The stock trades at a P/E of 28.5, above the industry P/E of 23.3. Looking ahead, the company is building long-term supply contracts for global customers, launching new crop protection brands and widening into pharma and other specialty areas. Strong research and plant capacity support its pipeline.

What risks should investors check before buying carbon, fluoro chemical and agrochemical stocks?

Ans. Investors should check a few risks before buying carbon, fluoro chemical and agrochemical stocks. Input costs. Crude linked inputs and energy prices affect margins. Global demand. Export orders can vary between periods. Regulation. Chemical approvals and rules can shift timelines. 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 carbon, fluoro chemical and agrochemical 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.

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