Dyes And Pigments industry
18 companies · ₹22,120 cr · 4 with AI deep dives · Q1FY27 report
Supply disruption drives record margins; managements warn gains are transient, China constrains recovery.
- Revenue YoY
- +18.2%
- EBITDA margin
- 10.4%
- +220bps YoY
- Price, 1 year
- +6.8%
- 57% of names up
- P/E vs own 5y
- +3.3%
- 19.0x now
Exhibit 1The quarter in numbers
constant panel of 7 companies above ₹500 cr- Jun 26
- 4,692 cr
- Mar 26
- 4,527 cr
- QoQ
- +3.6%
- Jun 25
- 3,970 cr
- YoY
- +18.2%
- Peak
- 4,692 cr
- vs peak
- 0.0%
- Jun 26
- 10.4%
- Mar 26
- 5.2%
- QoQ
- +520bps
- Jun 25
- 8.2%
- YoY
- +220bps
- Peak
- 11.1%
- vs peak
- -70bps
Breadth: 100% of 7 companies grew revenue year on year (was 71% a quarter earlier) and 57% expanded margin (was 14%).
Exhibit 2What it costs
15.74x - 23.68x across the panel todayThe median name trades at 19.0x, +3.3% against this industry's own 5-year median of 18.4x, and -28.0% against its own peak of 26.4x.
Exhibit 3Structure
₹22,120 crSudarshan Chemical Industries Ltd is 44.4% of this industry by market cap. The top 5 are 81.6% and the top 10 are 96.3%.
Exhibit 4Screen
P/E below the sub-industry median of 19.01x, 5y ROCE above its median of 10.73%, 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 (18 of 18)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹9,826 cr
- P/E
- 137.8x
- EV/EBITDA
- 18.7x
- ROCE
- 5.2%
- Margin
- 6.5%
- Rev YoY
- +5.4%
- Mcap
- ₹1,582 cr
- P/E
- 22.3x
- EV/EBITDA
- 15.1x
- ROCE
- 13.6%
- Margin
- 11.4%
- Rev YoY
- +10.1%
- Mcap
- ₹106 cr
- P/E
- 10.8x
- EV/EBITDA
- -
- ROCE
- 12.3%
- Margin
- 12.3%
- Rev YoY
- +7.4%
Exhibit 6What managements said
from Chemicals & Petrochemicals earnings calls · as of 2026-06-30Fourteen managements cited the West Asia conflict as a material driver this quarter. The disruption operates through three simultaneous channels: feedstock availability (Gulf…
- SPLPETRO (Q1FY27): “It is not one plant, one source but it is a full region from where the material is not…”
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.
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