In 2023, India's chemical industry contributed 7% to the country's GDP and solidified its position as the sixth-largest global producer and the third-largest in Asia. With a diverse range of 80,000 different chemical products, the sector employs 50 lakh individuals. Investing in chemical stocks could yield remarkable returns. Let us look at the trending chemical stocks in India and explore the industry's promising growth prospects.
List of chemical stocks in India
Here is a list of Chemical stocks to buy in india
Stock name |
Market cap (in Rs. Cr.) |
56,194.97 |
|
51,304.43 |
|
31,211.61 |
|
8,942.90 |
|
81,542.85 |
|
84,660.41 |
|
20,852.08 |
|
51,947.98 |
|
5,378.56 |
|
8,48,231.40 |
|
23,175.39 |
|
47,659.83 |
|
16,513.87 |
|
40,919.12 |
|
18,101.46 |
|
945.13 |
Disclaimer: The market capitalisation values mentioned above are subject to change based on market conditions, company performance, and economic trends. For the latest and most accurate market capitalisation figures, please refer to official sources such as the SEBI or the respective stock exchanges.
Trending chemical stocks to buy in India 2025
Let us look at the trending Indian chemical common stocks:
1. Fertilisers and Chemicals Travancore Ltd (FACT)
- FACT is a prominent player in the Indian chemical industry.
- The company holds a substantial position in the market and is particularly known for its expertise in fertilisers and chemicals.
- The company's focus on innovation, quality products, and sustainable practices has enabled it to maintain its strong presence and contribute significantly to the agriculture and chemical sectors in India.
2. Linde India Ltd.
- Linde India Ltd. is a leading industrial gas company in India.
- The company’s Gases and Related Products segment includes the production and sale of industrial gases such as oxygen, nitrogen, argon, and hydrogen.
- It also has a Project segment that is involved in the construction of:
- Gas processing plants
- Air separation plants, and
- Other related projects
- The company's parent organisation, Linde Plc, has a long history of innovation and expertise in the industrial gases industry.
- Linde Plc has more than 7,000 patents around the world, including refrigeration technology that was first patented by Carl von Linde in 1871.
3. Deepak Nitrite Ltd
- Deepak Nitrite Ltd is a diversified chemical company with a focus on manufacturing speciality chemicals and intermediates.
- The company has a long history of growth and maintains a portfolio of over 100 international quality products.
- In 2016, Deepak Phenolics was accredited with the Responsible Care Logo by ICC for environment, safety, and health management.
- In 2017, Deepak Phenolics signed a Rs. 5,000 crore MoU with the Government of Gujarat.
4. Alkyl Amines Chemicals Ltd.
- Alkyl Amines Chemicals Ltd. is a leading manufacturer of aliphatic amines in India.
- The company was incorporated in 1979 by Mr Yogesh Kothari.
- The company is almost debt-free and focuses heavily on research and development activities.
5. Solar Industries India Ltd.
- Solar Industries India Ltd. is a premier manufacturer of explosives and explosive-related products in India.
- The company is a major player in the following sectors:
- Defence
- Mining
- Infrastructure, and
- Commercial blasting
6. SRF Ltd.
- SRF Ltd is a diversified chemical company with business interests in:
- Chemicals
- Polymers
- Technical textiles, and
- Packaging films
- The company was established in 1970 and has a significant presence in both domestic and international markets.
- The company's maxim is "We always find a better way," which is reflected in its products, superior quality and innovation.
7. Navin Fluorine International Ltd.
- Navin Fluorine International Ltd. is a leading manufacturer of fluorine-based chemicals and speciality intermediates.
- The company serves diverse industries such as:
- Pharmaceuticals
- Agrochemicals
- Refrigerants, and
- Speciality chemicals, leveraging its strong research and development capabilities and global presence to maintain its competitive edge in the market.
8. PI Industries Ltd.
- PI Industries Ltd. is an agri-sciences company that operates in the agrochemicals value chain.
- The company was established in 1947 and has since grown to become a leading player in the Indian agrochemicals industry.
- PI Industries has been recognised for its quality and sustainability efforts, having won the prestigious:
- Golden Peacock National Quality Award in 2022, and
- Golden Peacock Award for Sustainability in 2021
- The company has a unique business model and has also expanded its operations globally, with a presence in over 90 countries.
9. Balaji Amines Ltd.
- Balaji Amines Ltd. is a company that specialises in the manufacturing of:
- Methylamines
- Ethylamine
- Derivatives of speciality chemicals, and
- Pharma Excipients
- The company has a diversified product portfolio with a basket of over 30 different products.
- Balaji Amines has a strong presence in various sectors, such as:
- Pharma and Agro
- Rubber chemicals
- Photographic chemicals
- Rocket fuel
- Pesticides, solvents, and many more
10. Reliance Industries Ltd.
Reliance Industries Ltd. is one of India’s most valued companies operating in numerous industries. RIL is a major player in the production of petrochemicals, including polymers, fibre intermediates, and chemicals. The company operates the world’s largest refining complex at Jamnagar, which processes crude oil into refined products. RIL’s stock is known for its consistently strong financial performance and earns significant profits from its refining and petrochemical business.
11. Tata Chemicals Ltd.
Tata Chemicals Ltd. is one of the leading chemical producers in India and worldwide. It is the third-largest producer of soda ash in the world, used in glass manufacturing, detergents, and other industrial applications. It is a major player in the production of speciality chemicals and advanced materials, including lithium-ion battery materials and speciality silica. It also produces and distributes fertilisers, including crop protection products and complex fertilisers. Tata Chemicals' stock has shown good growth based on the company’s robust fundamentals.
12. UPL Ltd.
UPL Ltd. is one of India’s largest chemical manufacturers. It has drastically improved its financials by shedding many of its loss-making assets. UPL offers a wide range of crop protection products, including herbicides, insecticides, fungicides, and seed treatments, to improve agricultural productivity. The company also produces speciality chemicals that various industries use to manufacture their products or improve agricultural produce. The company’s diverse product offerings in crop protection and speciality chemicals contribute to its revenue streams, making it an ideal investment.
13. Aarti Industries Ltd.
Aarti Industries Ltd. is a leading Indian chemical manufacturing company with a vast global footprint. The company globally ranks within the top 4 in 75% of its portfolio and manufactures chemicals used in the manufacture of polymers, surfactants, additives, pigments, and agrochemicals. It has over 100 products and 16 manufacturing plants, and it has 6,000-plus employees. The company’s stock has shown good growth in recent times as the company has performed better year-on-year.
14. Gujarat Fluorochemicals Ltd.
Gujarat Fluorochemicals Ltd. is an Indian chemicals company with 30 years of expertise in Fluorine chemistry. The company has industry expertise in refrigerants, chemicals, fluoropolymers, and fluoro specialities. It also manufactures refrigerants like hydrofluorocarbons (HFCs) used in cooling and air-conditioning systems and fluoropolymers used in various industrial applications due to their chemical resistance and durability. Being an industry expert, the company has leadership over various aspects, making the stock a viable investment.
15. Vinati Organics Ltd.
Vinati Organics Ltd. is one of the leading manufacturers of organic intermediaries and speciality chemicals, with a presence in 35 countries. The company was incorporated in 1989 and has evolved to operate an integrated business in the chemicals industry. It offers a host of products to the largest chemical and industrial companies in Asia, Europe, and the US. The stocks have witnessed steady growth over time, showing ideal technical and fundamental factors.
16. Primo Chemicals Ltd.
Primo Chemicals Ltd. is an Indian company primarily involved in the manufacturing and supply of chemical products. The company produces a host of speciality chemicals used in industrial applications, including pigments, dyes, and other chemical intermediaries. It has showcased consistent positive financial performance through improved revenue and profitability, which has resulted in the company’s stock rallying, providing good returns to investors.
Factors to consider before investing in chemical stocks related stocks in India
Chemical stocks in India have been witnessing steady growth, but there have been instances when some chemical stocks have seen consolidation and have fallen in price. Hence, it is important to consider some factors before investing to ensure better returns and fewer chances of losses. Here are some factors to consider before investing in chemical stocks in India:
1. Company fundamentals
Company fundamentals drastically affect the share price of chemical stocks. Review the company’s financial statements, including revenue, profit margins, cash flow, and debt levels. Furthermore, analyse the company's production capacity and supply chain management, which will allow you to analyse how well the company is meeting the demand.
2. Client diversity
Chemicals are required by almost every other industry, and each industry includes numerous companies. A good chemicals company must serve multiple clients across various industries for a diversified business portfolio. Look at the clients and research their industries to ensure the portfolio is diversified.
3. Industry demand
Assess the current and projected demand for chemicals in India and globally. Factors like industrial growth, industrial needs, and consumer preferences impact demand. Based on the industry demand, evaluate how the company is positioned. Evaluate its growth prospects and capacity compared to the industry demand.
4. Raw material prices
Raw material prices heavily affect the revenue and profits of the company, resulting in share price fluctuations. Monitor the prices of key raw materials and their impact on production costs and profitability. Furthermore, evaluate the supply chain’s stability in providing raw materials to the company to meet demand effectively.
5. Government policies
Government policies significantly impact the chemical industry, influencing operations, costs, and overall market conditions. Pro-business policies like ‘Make in India’ and ‘Production Linked Incentive (PLI)’ schemes can help chemical companies and their stocks to perform well over time.
6. Investment risks
Analyse the stock through extensive technical and fundamental analysis to understand the associated risks. Evaluate the risks and align your investments with your investment goals and risk tolerance. Consider how global market trends and geopolitical events may impact the company’s performance.
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