Top 10 chemical companies in India in 2021

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The chemical industry is a buddy industry in India. In 2019 the market size of this industry is $179 billion and it is expected to grow at the rate of CAGR 9.3% which is expected to reach $309 billion by 2025.

India’s market share in the world chemical industry which is $3.94 trillion is very low. After pollution problems in China and regulations around it has forced many companies to diversify from there to other countries so next decades can be very promising for this sector.

In this article, we have described Top 10 chemical companies in India.

1. Pidilite Industries Ltd.

Pidilite Industries Ltd. is a good company in the adhesives market. They well know for their brands likes Fevicol, Dr. Fixit, and many more.

Promotor Group – Parekh Family & Holding – 70.2%

Leadership.

  • Executive ChairmanM B Parekh
  • Vice-Chairman- N K Parekh
  • Managing Director – Bharat Puri

Market Capitalization – 93300 crores

Revenue = 7294 crores.

3 yrs CAGR Sales = 13.96%  

3 yrs CAGR Net profit = 14.21%

Financial ratio

  • P/E ratio= 94.92
  • ROE = 25.05%   
  • ROCE = 31.61%
  • Debt to equity = 0.04

What does the company do?

Pidilite Industries Ltd. is a diversified segment such as adhesives and sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, etc. The company also engaged in the business of Industrial Products, Consumer, and Bazaar Products.

2. UPL (United Phosphorus Ltd)

UPL is one of the biggest agrochemical companies in the world. The company also in the business activities of Agro Chemicals, Non-Agro Activity. UPL also has a captive power plant with a generating capacity of 48.5 MW.

Promotor Group – Shroff Family & Holding – 27.96%

Leadership.

  • Chairman & Managing Director – Rajnikant Shroff
  • Vice-Chairman – Sandra Shroff
  • CEO & Non-Executive Director – Jai Shroff

Market Capitalization – 45000 crores

Revenue = 35,755 crores.

3 yrs CAGR Sales = 48.05%  

3 yrs CAGR Net profit = 11.42%

Financial ratio

  • P/E ratio= 18.6%
  • ROE = 10.89%   
  • ROCE = 9.11%
  • Debt to equity = 1.76%

What does the company do?

United Phosphorus Ltd (UPL) is engaged in the production of crop protection products, intermediates, specialty chemicals, and other industrial chemicals; besides crop protection products UPL also manufactures plant growth and regulatory products.

3. PI Industries Ltd.

PI Industries is one more agri-chemical company on the list. The company was founded in 1946. PI industries are engaged in Agri inputs, contract research, and manufacturing services, etc.

Promotor Group – Singal Family & Holding – 46.74%

Leadership.

  • Chairman Emeritus – Salil Singhal
  • ChairmanNarayan K Seshadri
  • Vice-Chairman & Managing Director – Mayank Singhal
  • CEO & Managing Director – Raman Ramachandran

Market Capitalization – 37945 crores

Revenue = 3366 crores.

3 yrs CAGR Sales = 21.6%  

3 yrs CAGR Net profit = -0.41%

Financial ratio

  • P/E ratio= 56.74%
  • ROE =17.43%   
  • ROCE = 20.16%
  • Debt to equity = 0.19%

What does the company do?

The company offers service in contract research and manufacturing services in the area of fine chem, agro chem, pharma intermediaries. PI industries also provide various grades of engineering plastics and compounds for the end-use in automotive, home appliance, etc.

4. Aarti Industries Ltd.

Aarti Industries Ltd is in the business segment of pharmaceuticals, specialty chemicals, home & personal care chemicals.

Promotor Group – Gogri Family & Holding – 46.82%

Leadership

  • Chairman & Managing Director – Rajendra V Gogri
  • Vice-Chairman & Managing Director –Rashesh C Gogri

Market Capitalization – 25800 crores

Revenue = 4186 crores.

3 yrs CAGR Sales = 15.04%  

3 yrs CAGR Net profit = 29.20%

Financial ratio

  • P/E ratio= 52%
  • ROE = 17.99%   
  • ROCE = 18.13%
  • Debt to equity = 0.6

What does the company do?

Aarti Industries Limited is a leading and highly integrated chemical manufacturer involved in the manufacturing of various benzene-based downstream and derivative products.

5. Coromandel International Ltd.

Coromandel International is a Murugappa Group company engage in the agrochemical industry. lt was ranked among the top 20 best companies to work for by Business Today and was also voted as one of the ten greenest companies in India by TERI.

Promotor Group – Murugappa Group & Holding – 57.66%

Leadership.

  • ChairmanM M Murugappan
  • Vice-Chairman – V Ravichandran
  • Managing Director – Sameer Goel

Market Capitalization – 21250 crores

Revenue = 13136 crores.

3 yrs CAGR Sales = 14.14%  

3 yrs CAGR Net profit = 49.27%

Financial ratio

  • P/E ratio= 15.12%
  • ROE = 24.66%   
  • ROCE =33.72%
  • Debt to equity = 0.38

What does the company do?

Coromandel International Limited, India’s second-largest Phosphatic fertilizer player, is in the business segments of Fertilizers, Specialty Nutrients, Crop Protection, and Retail. Coromandel is the second-largest manufacturer of Malathion and only the second manufacturer of Phenthoate.

Top 10 chemical companies in India
Top 10 chemical companies in India in 2021

6. Atul Ltd.

Atul Ltd was founded on  September 05, 1947, by Kasturbhai Lalbhai. This company has 4000 customers belonging to 30 industries across the world.

Promotor Group – Lalbhai Family & Holding – 44.93%

Leadership.

  • Chairman & Managing Director- Sunil Lalbhai
  • Managing Director – Samveg Lalbhai

Market Capitalization – 24450 CRS

Revenue = 4093 crs.

3 yrs CAGR Sales = 20.18%  

3 yrs CAGR Net profit = 44.56%

Financial ratio

  • P/E ratio= 39%
  • ROE = 21.12%   
  • ROCE = 24.85%
  • Debt to equity = 0.03

What does the company do?

Atul Ltd operates through six business divisions, namely, Agrochemicals, Aromatics, Bulk Chemicals & Intermediates, Colors, Pharmaceuticals & Intermediates, and Polymers. They are the world leader in Dapsone, an anti-bacterial drug.

7. Bayer CropScience Ltd.

Bayer CropScience is a subsidiary of Bayer German. This company was founded in the year 1958 as a part of a diversification plan.

Promotor Group – Bayer Germany & Holding – 71.43%

Leadership.

  • ChairmanPankaj Patel
  • Vice-Chairman, CEO & Managing Director – Duraiswami Narain

Market Capitalization – 24000  CRS

Revenue = 3609 crs.

3 yrs CAGR Sales = 13.48%  

3 yrs CAGR Net profit = 27.69%

Financial ratio

  • P/E ratio= –
  • ROE =18.44%   
  • ROCE = 26.96%
  • Debt to equity = –

What does the company do?

This companies product portfolio includes agriculture, pharma, and consumer health. Bayer CropScience Ltd is engaged in the manufacturing of crop protection products like herbicides, insecticides, fungicides and seed treatment, non-agricultural pest control, seeds, and plant biotechnology.

8. Tata Chemicals Ltd.

Tata Chemicals Ltd. is open to the Tata Group company. They operate in the two business vertical Basic Chemistry and Specialty Chemistry. 

Promotor Group – Tata Sons Private Limited and Tata Investment Corporation Limited & Holding – 37.98%

Leadership.

  • Chairman Emeritus Ratan N Tata
  • CEO & Managing Director – R Mukundan

Market Capitalization – 18700 crores

Revenue = 2606 crores.

3 yrs CAGR Sales =0.05%  

3 yrs CAGR Net profit = -3.35%

Financial ratio

  • P/E ratio= 2.81%
  • ROE = 54.32%   
  • ROCE = 7.71%
  • Debt to equity = 0.43

What does the company do?

The company’s Basic Chemistry product range provides key ingredients to many of the world’s leading brands for glass, detergents, pharma, biscuit manufacturing, bakeries, and other industries. They are the 3rd largest soda ash manufacturer and the 6th largest sodium bicarbonate manufacturer in the world.

9. Vinati Organics Ltd.

Vinati Organics Ltd (VOL) is a specialty chemical company producing organic intermediates, monomers, and polymers.

Promotor Group – Shroff Family & Holding – 74.06%

Leadership.

  • Executive ChairmanVinod Banwarilal Saraf
  • CEO & Managing Director – Vinati Saraf Mutreja

Market Capitalization – 16950 CRS

Revenue = 1028 crs.

3 yrs CAGR Sales = 26.71%  

3 yrs CAGR Net profit = 54.26%

Financial ratio

  • P/E ratio= –
  • ROE = 26.09%   
  • ROCE = 3.44%
  • Debt to equity = –

What does the company do?

Vinati Organics Ltd is the world leader in IBB (Iso Butyl Benzene) and ATBS (Acrylamide tertiary-butyl sulfonic acid). The product range of the company includes Aromatics, Industrial Monomers, and Industrial Polymers.

10. Navin Fluorine International Ltd.

This company is one of Padmanabh Mafatlal Group’s company founded in the years 1967. Navin Fluorine International Ltd. manufactures and sells specialty fluorochemicals in India and internationally.

Promotor Group – Padmanabh Mafatlal Group  & Holding – 74.06%

Leadership.

  • ChairmanV P Mafatlal
  • Managing Director – R R Welling

Market Capitalization – 15850 CRS

Revenue = 1061 crs.

3 yrs CAGR Sales = 19.73%  

3 yrs CAGR Net profit = 71.19%

Financial ratio

  • P/E ratio= 34.83%
  • ROE = 28.93%   
  • ROCE = 17.90%
  • Debt to equity =

What does the company do?

Navin Fluorine International Ltd. produces over 60 fluorinated products for domestic and international customers. The four business units refrigeration gases, inorganic fluorides, specialty fluorides, and contract research and manufacturing services 

This company exports 40%+ of its products to North America, Europe, and other foreign countries.

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Disclaimer

I (financialwizardindia.com) am not a SEBI registered investment advisor. This article is for information purposes any scheme or company name mentioned here is just for example & not a recommendation.

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