Sector analysis · India
Chemicals sector earnings growth, Q2 FY25
The 20 largest Chemicals companies by market cap at the end of Q2 FY25 (30 Sep 2024), compared with Q1 FY25.
The top 20 at Q2 FY25
Q2 FY25 vs Q1 FY25: combined net profit ₹3,922 cr (+6%), median EPS +7% (11 of 20 up), market-cap-weighted price +10%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Pidilite Industries Limited | 17.2% | 5.57 → 5.26 | −6% | −0.7 pp | +6% |
| 2 | Solar Industries India Limited | 10.5% | 31.66 → 31.59 | 0% | 0.0 pp | +15% |
| 3 | SRF Limited | 7.4% | 8.51 → 6.79 | −20% | −1.1 pp | +3% |
| 4 | Linde India | 7.3% | 13.33 → 12.48 | −6% | −0.2 pp | +2% |
| 5 | PI Industries Limited | 7.1% | 29.58 → 33.50 | +13% | +1.3 pp | +23% |
| 6 | F A C T | 6.3% | −0.75 → 0.17 | turned profitable | +1.3 pp | −2% |
| 7 | Coromandel International Limited | 5.0% | 10.56 → 22.51 | +113% | +7.8 pp | +5% |
| 8 | Gujarat Fluorochemicals Limited | 4.7% | 9.83 → 11.02 | +12% | +0.3 pp | +34% |
| 9 | UPL Limited | 4.6% | −4.55 → −5.25 | loss, bigger | −1.3 pp | +7% |
| 10 | Deepak Nitrite Limited | 4.0% | 14.85 → 14.20 | −4% | −0.2 pp | +16% |
| 11 | Himadri Speciality Chemical Limited | 3.3% | 2.48 → 2.74 | +10% | +0.3 pp | +68% |
| 12 | BASF India | 3.2% | 50.96 → 29.56 | −42% | −2.1 pp | +45% |
| 13 | Bayer Cropscience Limited | 2.9% | 56.56 → 30.33 | −46% | −2.6 pp | −4% |
| 14 | Tata Chemicals Limited | 2.8% | 5.89 → 7.62 | +29% | +1.0 pp | −1% |
| 15 | Sumitomo Chemical India Limited | 2.8% | 2.54 → 3.85 | +52% | +1.5 pp | +16% |
| 16 | Atul Limited | 2.3% | 38.00 → 46.47 | +22% | +0.6 pp | +19% |
| 17 | PCBL Chemical Limited | 2.2% | 3.13 → 3.27 | +4% | +0.1 pp | +125% |
| 18 | Vinati Organics Limited | 2.2% | 8.12 → 10.07 | +24% | +0.4 pp | +10% |
| 19 | Chambal Fertilizers & Chemicals Limited | 2.1% | 11.19 → 13.39 | +20% | +2.0 pp | +4% |
| 20 | Aarti Industries Limited | 2.1% | 3.77 → 1.44 | −62% | −1.9 pp | −15% |
| Sector earnings growth | 100% | +6.5 pp |
Who joined and who left
1 joined and 1 left the top 20 since Q1 FY25, as market caps moved.
Joined the top 20 since Q1 FY25
Left the top 20 since Q1 FY25
- SWAN CORP LIMITED
EPS growth by company, Q2 FY24 to Q1 FY27
Each company's EPS growth quarter on quarter, every quarter it was in the top 20.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PIDILITIND | −4% | +13% | −41% | +88% | −6% | +3% | −24% | +59% | −14% | +7% | −6% | +51% |
| SOLARINDS | +1% | +2% | +19% | +18% | 0% | +10% | +2% | +5% | +2% | +29% | +23% | +19% |
| SRF | −16% | −16% | +67% | −40% | −20% | +35% | +94% | −18% | −10% | +11% | +34% | +30% |
| LINDEINDIA | +9% | +10% | −12% | +8% | −6% | +9% | +2% | −9% | +60% | +13% | −60% | +35% |
| PIIND | +25% | −7% | −18% | +21% | +13% | −27% | −11% | +21% | +2% | −24% | −36% | +22% |
| FACT | +47% | −71% | to loss | loss, smaller | turned profitable | −29% | +808% | −94% | +357% | to loss | turned profitable | to loss |
| COROMANDEL | +53% | −69% | −31% | +94% | +113% | −23% | +13% | −13% | +59% | −37% | −72% | +173% |
| FLUOROCHEM | −74% | +52% | +26% | +7% | +12% | +4% | +52% | −4% | −3% | −42% | +9% | +97% |
| UPL | to loss | loss, bigger | turned profitable | to loss | loss, bigger | turned profitable | +8% | to loss | turned profitable | −28% | +168% | −99% |
| DEEPAKNTR | +37% | −2% | +25% | −20% | −4% | −49% | +106% | −45% | +6% | −16% | +120% | +57% |
| HSCL | outside | outside | outside | +6% | +10% | +5% | +9% | +17% | −3% | +7% | +4% | +14% |
| BASF | outside | outside | +15% | +37% | −42% | −19% | −55% | +212% | −31% | +4% | outside | outside |
| BAYERCROP | −32% | −58% | +3% | +165% | −46% | −75% | +319% | +94% | −45% | −37% | +69% | +98% |
| TATACHEM | −20% | −63% | to loss | turned profitable | +29% | to loss | loss, bigger | turned profitable | −69% | to loss | loss, bigger | loss, smaller |
| SUMICHEM | +131% | −62% | +100% | +15% | +52% | −55% | +15% | +78% | 0% | −57% | +47% | +93% |
| ATUL | sources disagree | −21% | −17% | +92% | +22% | −21% | +16% | +1% | +40% | −10% | +31% | +17% |
| PCBL | outside | outside | outside | outside | +4% | −24% | +7% | outside | outside | outside | outside | outside |
| VINATIORGA | +1% | −9% | +34% | −19% | +24% | −10% | +31% | −15% | +10% | −12% | outside | outside |
| CHAMBLFERT | outside | +21% | outside | +362% | +20% | 0% | −76% | +322% | +18% | −10% | −71% | +210% |
| AARTIIND | +30% | +37% | +6% | +4% | −62% | outside | outside | outside | outside | outside | +4% | +13% |