Asian Paints (NSE:ASIANPAINT) Is Increasing Its Dividend To ₹5.15
Oct 29
Indian (NIFTY) Chemicals Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies313
- 7D-4.5%
- 3M-1.3%
- 1Y1.4%
- YTD2.9%
Over the last 7 days, the Chemicals industry has dropped 4.5%, driven by Asian Paints declining 3.4%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 16% per annum.
Industry Valuation and Performance
Has the Indian Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | ₹15.9t | ₹6.9t | ₹518.1b | 26.7x | 30.6x | 2.3x |
| Thu, 28 Sep 2023 | ₹16.7t | ₹6.9t | ₹513.5b | 27.1x | 32.5x | 2.4x |
| Sat, 26 Aug 2023 | ₹16.3t | ₹6.9t | ₹514.5b | 26.3x | 31.7x | 2.4x |
| Mon, 24 Jul 2023 | ₹16.1t | ₹7.1t | ₹561.9b | 22.2x | 28.7x | 2.3x |
| Wed, 21 Jun 2023 | ₹16.0t | ₹7.1t | ₹561.2b | 22.3x | 28.6x | 2.3x |
| Fri, 19 May 2023 | ₹15.3t | ₹7.2t | ₹613.4b | 20.3x | 24.9x | 2.1x |
| Sun, 16 Apr 2023 | ₹14.7t | ₹7.0t | ₹616.2b | 19.9x | 23.9x | 2.1x |
| Tue, 14 Mar 2023 | ₹14.2t | ₹7.0t | ₹614.1b | 18.7x | 23.2x | 2x |
| Thu, 09 Feb 2023 | ₹14.4t | ₹6.9t | ₹613.4b | 19.7x | 23.4x | 2.1x |
| Sat, 07 Jan 2023 | ₹15.2t | ₹6.7t | ₹618.4b | 19.6x | 24.6x | 2.3x |
| Mon, 05 Dec 2022 | ₹15.8t | ₹6.6t | ₹613.5b | 19.5x | 25.8x | 2.4x |
| Wed, 02 Nov 2022 | ₹15.8t | ₹6.2t | ₹599.1b | 19.1x | 26.3x | 2.5x |
| Fri, 30 Sep 2022 | ₹15.9t | ₹6.2t | ₹595.6b | 19.3x | 26.7x | 2.6x |
| Sun, 28 Aug 2022 | ₹16.1t | ₹6.2t | ₹595.4b | 18.4x | 27x | 2.6x |
| Tue, 26 Jul 2022 | ₹15.0t | ₹5.7t | ₹540.8b | 18.2x | 27.8x | 2.7x |
| Thu, 23 Jun 2022 | ₹13.4t | ₹5.6t | ₹536.2b | 16.2x | 24.9x | 2.4x |
| Sat, 21 May 2022 | ₹14.7t | ₹5.3t | ₹507.2b | 18.3x | 28.9x | 2.7x |
| Mon, 18 Apr 2022 | ₹15.7t | ₹5.1t | ₹484.9b | 20x | 32.5x | 3.1x |
| Wed, 16 Mar 2022 | ₹14.7t | ₹5.1t | ₹481.8b | 17.9x | 30.5x | 2.9x |
| Fri, 11 Feb 2022 | ₹15.5t | ₹5.0t | ₹487.8b | 19.5x | 31.8x | 3.1x |
| Sun, 09 Jan 2022 | ₹16.2t | ₹4.7t | ₹454.5b | 19.4x | 35.5x | 3.4x |
| Tue, 07 Dec 2021 | ₹14.6t | ₹4.7t | ₹455.0b | 17.5x | 32.2x | 3.1x |
| Thu, 04 Nov 2021 | ₹14.8t | ₹4.5t | ₹440.8b | 18.6x | 33.6x | 3.3x |
| Sat, 02 Oct 2021 | ₹15.1t | ₹4.3t | ₹430.7b | 19.4x | 35.1x | 3.5x |
| Mon, 30 Aug 2021 | ₹14.5t | ₹4.4t | ₹432.1b | 18x | 33.5x | 3.3x |
| Tue, 06 Jul 2021 | ₹13.3t | ₹4.3t | ₹425.0b | 16x | 31.2x | 3.1x |
| Fri, 09 Apr 2021 | ₹10.9t | ₹4.0t | ₹361.4b | 14.2x | 30.1x | 2.7x |
| Thu, 31 Dec 2020 | ₹10.1t | ₹3.7t | ₹293.8b | 16.2x | 34.2x | 2.7x |
Price to Earnings Ratio
30.7x
Current Industry PE
- Investors are relatively neutral on the Indian Chemicals industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 29.9x.
- The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have grown 23% per year over the last three years.
- Revenues for these companies have grown 24% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Materials industry?
| IN Market | -2.60% | |
| Materials | -4.03% | |
| Chemicals | -4.45% | |
| Diversified Chemicals | -2.75% | |
| Specialty Chemicals | -3.69% | |
| Fertilizers and Agricultural Chemicals | -5.07% | |
| Commodity Chemicals | -5.59% | |
| Industrial Gases | -7.08% | |
Industry PE
- Investors are most optimistic about the Industrial Gases industry which is trading above its 3-year average PE ratio of 67.5x.
- Analysts are expecting annual earnings growth of 28.7%, which is higher than its past year's earnings decline of 36.5% per year.
- Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 17.5x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Gases industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 37% per year.
- In contrast, the Commodity Chemicals industry is expected to see its earnings grow by 14% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SUPREMEIND Supreme Industries | ₹4.52k | 4.6% +₹25.4b | 108.4% | PE66.3x | |
| FACT Fertilisers and Chemicals Travancore | ₹687.35 | 4.7% +₹19.9b | 483.5% | PE81.2x | |
| SOLARINDS Solar Industries India | ₹5.31k | 2.6% +₹12.4b | 36.1% | PE61.2x | |
| FLUOROCHEM Gujarat Fluorochemicals | ₹2.74k | 1.8% +₹5.4b | -27.7% | PE24.6x | |
| GNFC Gujarat Narmada Valley Fertilizers & Chemicals | ₹684.25 | 4.8% +₹4.9b | -3.5% | PE10.8x |
