Specialty Chemicals industry
130 companies · ₹5.8 L cr · 38 with AI deep dives · Q1FY27 report
Q1 sector margin at cycle peak, but geopolitical windfall is self-flagged as transient by multiple managements
- Revenue YoY
- +27.8%
- EBITDA margin
- 18.7%
- +310bps YoY
- Price, 1 year
- -1.9%
- 47% of names up
- P/E vs own 5y
- -11.8%
- 31.9x now
Exhibit 1The quarter in numbers
constant panel of 54 companies above ₹500 cr- Jun 26
- 38,514 cr
- Mar 26
- 32,499 cr
- QoQ
- +18.5%
- Jun 25
- 30,136 cr
- YoY
- +27.8%
- Peak
- 38,514 cr
- vs peak
- 0.0%
- Jun 26
- 18.7%
- Mar 26
- 16.0%
- QoQ
- +270bps
- Jun 25
- 15.6%
- YoY
- +310bps
- Peak
- 18.7%
- vs peak
- 0bps
Breadth: 97% of 58 companies grew revenue year on year (was 79% a quarter earlier) and 62% expanded margin (was 50%).
Exhibit 2What it costs
22.79x - 51.36x across the panel todayThe median name trades at 31.9x, -11.8% against this industry's own 5-year median of 36.1x, and -34.4% against its own peak of 48.6x.
Exhibit 3Structure
₹5.8 L crPidilite Industries Ltd is 28.8% of this industry by market cap. The top 5 are 53.2% and the top 10 are 67.7%.
Exhibit 4Screen
P/E below the sub-industry median of 31.87x, 5y ROCE above its median of 13.96%, 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 130)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹52,378 cr
- P/E
- 85.2x
- EV/EBITDA
- 41.6x
- ROCE
- 10.2%
- Margin
- 26.0%
- Rev YoY
- +24.0%
- Mcap
- ₹43,882 cr
- P/E
- 56.6x
- EV/EBITDA
- 39.6x
- ROCE
- 21.8%
- Margin
- 35.3%
- Rev YoY
- +44.1%
- Mcap
- ₹13,860 cr
- P/E
- 40.0x
- EV/EBITDA
- 22.3x
- ROCE
- 25.1%
- Margin
- 25.8%
- Rev YoY
- +19.2%
- Mcap
- ₹9,013 cr
- P/E
- 38.7x
- EV/EBITDA
- -
- ROCE
- 19.2%
- Margin
- 38.4%
- Rev YoY
- +10.5%
- Mcap
- ₹5,803 cr
- P/E
- 60.6x
- EV/EBITDA
- 23.6x
- ROCE
- 7.8%
- Margin
- 24.0%
- Rev YoY
- +11.9%
- Mcap
- ₹4,873 cr
- P/E
- 38.8x
- EV/EBITDA
- 29.0x
- ROCE
- 4.4%
- Margin
- 8.6%
- Rev YoY
- +39.7%
- Mcap
- ₹3,734 cr
- P/E
- 72.7x
- EV/EBITDA
- 39.9x
- ROCE
- 7.6%
- Margin
- 19.0%
- Rev YoY
- +42.9%
- Mcap
- ₹3,708 cr
- P/E
- 13.6x
- EV/EBITDA
- 11.3x
- ROCE
- 19.1%
- Margin
- 10.3%
- Rev YoY
- +7.1%
- Mcap
- ₹2,680 cr
- P/E
- 12.6x
- EV/EBITDA
- 8.5x
- ROCE
- 30.9%
- Margin
- 10.7%
- Rev YoY
- +28.6%
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30The Hormuz/West Asia conflict hit at least ten companies via three channels. (1) Logistics: Vishnu expects ocean freight to surge from 9-10% to over 20% of revenue in Q2FY27…
- AARTIIND (Q1FY27): “The quarter was characterised by persistent geopolitical tensions in the Middle East…”
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 105 companies
1-30- Mcap
- ₹15,815 cr
- P/E
- 36.1x
- EV/EBITDA
- 26.1x
- ROCE
- 21.2%
- Margin
- 24.4%
- Rev YoY
- +18.0%
- Mcap
- ₹3,199 cr
- P/E
- 16.0x
- EV/EBITDA
- -
- ROCE
- 25.0%
- Margin
- 19.2%
- Rev YoY
- +53.4%
- Mcap
- ₹3,157 cr
- P/E
- 24.3x
- EV/EBITDA
- 16.2x
- ROCE
- 35.7%
- Margin
- 10.4%
- Rev YoY
- +18.4%
- Mcap
- ₹1,668 cr
- P/E
- 31.3x
- EV/EBITDA
- 21.6x
- ROCE
- 22.5%
- Margin
- 20.9%
- Rev YoY
- +66.4%
- Mcap
- ₹1,080 cr
- P/E
- 16.4x
- EV/EBITDA
- -
- ROCE
- 31.9%
- Margin
- 29.6%
- Rev YoY
- +16.8%
- Mcap
- ₹974 cr
- P/E
- 37.5x
- EV/EBITDA
- 20.9x
- ROCE
- 30.3%
- Margin
- 8.4%
- Rev YoY
- +20.0%
- Mcap
- ₹779 cr
- P/E
- 27.7x
- EV/EBITDA
- 18.2x
- ROCE
- 7.0%
- Margin
- 19.9%
- Rev YoY
- +24.2%
75 more companies
This industry has 105 constituents beyond the covered names. The first page is free; premium opens the rest.
See plans →