List of Chemical Stocks in India 2024

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

Disclaimer: The market capitalisation values mentioned above were fetched on 19 November 2024. These values are subject to change based on various factors such as market conditions, company performance, and economic trends. Please refer to the SEBI or stock exchanges' websites to obtain the most current market capitalisation for any particular stock.

Trending chemical stocks to buy in India 2024

In India, the chemical industry is a success due to the use of advanced technology and strong research capabilities. Also, the development of domestic capacity to reduce dependence on imported raw materials has contributed significantly to its growth.

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.

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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.

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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.

What are chemical stocks?

Chemical stocks are stocks of companies that operate within the chemical industry and are engaged in the production, manufacturing, and sales of chemicals. These companies sell chemicals domestically and internationally to support the manufacture of other products in various industries. These companies generally produce speciality chemicals, petrochemicals, agrochemicals, and other types of chemicals.

The performance of chemical stocks is primarily based on the financial performance of the chemical company and current economic and market factors that affect the chemical industry overall. Investing in chemical stocks can provide effective diversification and ensure good returns based on the company and market conditions.