Commodity Chemicals industry
77 companies · ₹1.7 L cr · 9 with AI deep dives · Q1FY27 report
Geopolitical supply shocks lifted margins to cycle peak; normalisation flagged, China overhang unresolved.
- Revenue YoY
- +20.0%
- EBITDA margin
- 17.5%
- +290bps YoY
- Price, 1 year
- -12.4%
- 38% of names up
- P/E vs own 5y
- +29.0%
- 21.3x now
Exhibit 1The quarter in numbers
constant panel of 25 companies above ₹500 cr- Jun 26
- 22,481 cr
- Mar 26
- 20,600 cr
- QoQ
- +9.1%
- Jun 25
- 18,735 cr
- YoY
- +20.0%
- Peak
- 22,481 cr
- vs peak
- 0.0%
- Jun 26
- 17.5%
- Mar 26
- 14.8%
- QoQ
- +270bps
- Jun 25
- 14.6%
- YoY
- +290bps
- Peak
- 17.5%
- vs peak
- 0bps
Breadth: 74% of 27 companies grew revenue year on year (was 67% a quarter earlier) and 63% expanded margin (was 37%).
Exhibit 2What it costs
14.16x - 30.65x across the panel todayThe median name trades at 21.3x, +29.0% against this industry's own 5-year median of 16.5x, and -10.2% against its own peak of 23.7x.
Exhibit 3Structure
₹1.7 L crSRF Ltd is 46.4% of this industry by market cap. The top 5 are 76.1% and the top 10 are 86.6%.
Exhibit 4Screen
P/E below the sub-industry median of 21.29x, 5y ROCE above its median of 10.35%, and at least 2 growth triggers stated on the latest earnings call.
Which names clear this screen is premium
The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.
See plans →Exhibit 5Coverage (25 of 77)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹16,740 cr
- P/E
- 17.0x
- EV/EBITDA
- 12.4x
- ROCE
- 11.3%
- Margin
- 15.4%
- Rev YoY
- +22.5%
- Mcap
- ₹8,264 cr
- P/E
- 8.0x
- EV/EBITDA
- -
- ROCE
- 13.4%
- Margin
- 16.7%
- Rev YoY
- +39.8%
- Mcap
- ₹5,177 cr
- P/E
- 78.1x
- EV/EBITDA
- 11.0x
- ROCE
- 3.2%
- Margin
- 11.7%
- Rev YoY
- +12.7%
- Mcap
- ₹905 cr
- P/E
- 9.8x
- EV/EBITDA
- 7.0x
- ROCE
- 11.9%
- Margin
- 18.0%
- Rev YoY
- +17.0%
- Mcap
- ₹753 cr
- P/E
- 22.0x
- EV/EBITDA
- 12.9x
- ROCE
- 14.7%
- Margin
- 19.7%
- Rev YoY
- +6.0%
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30The ongoing Middle East war is the most-cited operational risk. Deepak Fertilisers reported FOB ammonia ~USD 600/MT with no near-term reversion; GNFC curtailed acetic acid, ethyl…
- DEEPAKFERT (Q1FY27): “Even if war stopped, it won't fall to a same level so soon. At least the all…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
Create a free account →AppendixThe other 52 companies
1-30- Mcap
- ₹178 cr
- P/E
- 14.0x
- EV/EBITDA
- 21.7x
- ROCE
- 13.8%
- Margin
- 9.2%
- Rev YoY
- +125.8%
- Mcap
- ₹136 cr
- P/E
- 6.0x
- EV/EBITDA
- 14.1x
- ROCE
- 2.2%
- Margin
- 10.4%
- Rev YoY
- +134.7%
22 more companies
This industry has 52 constituents beyond the covered names. The first page is free; premium opens the rest.
See plans →