Sector analysis · India
Chemicals sector earnings growth, Q1 FY26
The 20 largest Chemicals companies by market cap at the end of Q1 FY26 (30 Jun 2025), compared with Q4 FY25.
The top 20 at Q1 FY26
Q1 FY26 vs Q4 FY25: combined net profit ₹4,847 cr (+1%), median EPS +1% (11 of 20 up), market-cap-weighted price +17%. 20 of 20 reported.
| # | Company | Weight | EPS ₹, base → now | EPS growth | Contribution | Price |
|---|---|---|---|---|---|---|
| 1 | Solar Industries India Limited | 15.6% | 35.61 → 37.43 | +5% | +0.3 pp | +57% |
| 2 | Pidilite Industries Limited | 15.2% | 4.15 → 6.61 | +59% | +5.1 pp | +7% |
| 3 | SRF Limited | 9.4% | 17.75 → 14.58 | −18% | −1.9 pp | +10% |
| 4 | Coromandel International Limited | 7.2% | 19.67 → 17.13 | −13% | −1.5 pp | +26% |
| 5 | F A C T | 6.2% | 1.09 → 0.07 | −94% | −1.4 pp | +52% |
| 6 | PI Industries Limited | 6.1% | 21.78 → 26.36 | +21% | +1.4 pp | +20% |
| 7 | Linde India | 5.6% | 13.88 → 12.57 | −9% | −0.2 pp | +6% |
| 8 | UPL Limited | 4.9% | 10.61 → −1.04 | to loss | −20.0 pp | +4% |
| 9 | Gujarat Fluorochemicals Limited | 3.9% | 17.39 → 16.75 | −4% | −0.1 pp | −10% |
| 10 | Bayer Cropscience Limited | 2.8% | 31.89 → 62.01 | +94% | +2.8 pp | +28% |
| 11 | Deepak Nitrite Limited | 2.7% | 14.84 → 8.23 | −45% | −1.8 pp | 0% |
| 12 | Sumitomo Chemical India Limited | 2.6% | 2.00 → 3.57 | +78% | +1.6 pp | −5% |
| 13 | Himadri Speciality Chemical Limited | 2.5% | 3.15 → 3.68 | +17% | +0.5 pp | +22% |
| 14 | Navin Fluorine International Limited | 2.3% | 19.15 → 23.63 | +23% | +0.5 pp | +14% |
| 15 | Tata Chemicals Limited | 2.3% | −2.20 → 9.89 | turned profitable | +6.3 pp | +8% |
| 16 | Chambal Fertilizers & Chemicals Limited | 2.2% | 3.25 → 13.70 | +322% | +8.5 pp | −10% |
| 17 | BASF India | 2.2% | 10.88 → 34.00 | +212% | +2.0 pp | +17% |
| 18 | Atul Limited | 2.2% | 42.97 → 43.40 | +1% | 0.0 pp | +22% |
| 19 | Deepak Fertilizers and Petrochemicals Corporation Limited | 2.1% | 21.96 → 19.26 | −12% | −0.7 pp | +53% |
| 20 | Vinati Organics Limited | 2.0% | 11.87 → 10.05 | −15% | −0.4 pp | +25% |
| Sector earnings growth | 100% | +0.9 pp |
Who joined and who left
1 joined and 1 left the top 20 since Q4 FY25, as market caps moved.
Joined the top 20 since Q4 FY25
Left the top 20 since Q4 FY25
- PCBL Chemical 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | +1% | +2% | +19% | +18% | 0% | +10% | +2% | +5% | +2% | +29% | +23% | +19% |
| PIDILITIND | −4% | +13% | −41% | +88% | −6% | +3% | −24% | +59% | −14% | +7% | −6% | +51% |
| SRF | −16% | −16% | +67% | −40% | −20% | +35% | +94% | −18% | −10% | +11% | +34% | +30% |
| COROMANDEL | +53% | −69% | −31% | +94% | +113% | −23% | +13% | −13% | +59% | −37% | −72% | +173% |
| FACT | +47% | −71% | to loss | loss, smaller | turned profitable | −29% | +808% | −94% | +357% | to loss | turned profitable | to loss |
| PIIND | +25% | −7% | −18% | +21% | +13% | −27% | −11% | +21% | +2% | −24% | −36% | +22% |
| LINDEINDIA | +9% | +10% | −12% | +8% | −6% | +9% | +2% | −9% | +60% | +13% | −60% | +35% |
| UPL | to loss | loss, bigger | turned profitable | to loss | loss, bigger | turned profitable | +8% | to loss | turned profitable | −28% | +168% | −99% |
| FLUOROCHEM | −74% | +52% | +26% | +7% | +12% | +4% | +52% | −4% | −3% | −42% | +9% | +97% |
| BAYERCROP | −32% | −58% | +3% | +165% | −46% | −75% | +319% | +94% | −45% | −37% | +69% | +98% |
| DEEPAKNTR | +37% | −2% | +25% | −20% | −4% | −49% | +106% | −45% | +6% | −16% | +120% | +57% |
| SUMICHEM | +131% | −62% | +100% | +15% | +52% | −55% | +15% | +78% | 0% | −57% | +47% | +93% |
| HSCL | outside | outside | outside | +6% | +10% | +5% | +9% | +17% | −3% | +7% | +4% | +14% |
| NAVINFLUOR | −2% | +29% | −10% | outside | outside | outside | +14% | +23% | +23% | +25% | +15% | +14% |
| TATACHEM | −20% | −63% | to loss | turned profitable | +29% | to loss | loss, bigger | turned profitable | −69% | to loss | loss, bigger | loss, smaller |
| CHAMBLFERT | outside | +21% | outside | +362% | +20% | 0% | −76% | +322% | +18% | −10% | −71% | +210% |
| BASF | outside | outside | +15% | +37% | −42% | −19% | −55% | +212% | −31% | +4% | outside | outside |
| ATUL | sources disagree | −21% | −17% | +92% | +22% | −21% | +16% | +1% | +40% | −10% | +31% | +17% |
| DEEPAKFERT | outside | outside | outside | outside | outside | outside | outside | −12% | −12% | −34% | outside | +252% |
| VINATIORGA | +1% | −9% | +34% | −19% | +24% | −10% | +31% | −15% | +10% | −12% | outside | outside |