Carborundum Universal Limited (NSE:CARBORUNIV) Released Earnings Last Week And Analysts Lifted Their Price Target To ₹1,459
May 08
Indian (NIFTY) Commodity Chemicals Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies133
- 7D-0.9%
- 3M6.7%
- 1Y41.7%
- YTDn/a
The Commodity Chemicals is pretty flat in the last 7 days, but Supreme Industries has stood out, gaining 3.7%. As for the the longer term, the industry is up 42% over the past 12 months. Looking forward, earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the Indian Commodity Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | ₹5.1t | ₹2.0t | ₹120.4b | 27.6x | 42.4x | 2.5x |
| Fri, 05 Apr 2024 | ₹5.0t | ₹2.1t | ₹136.1b | 27.3x | 36.5x | 2.4x |
| Sun, 03 Mar 2024 | ₹4.7t | ₹2.1t | ₹136.6b | 25.8x | 34.8x | 2.3x |
| Tue, 30 Jan 2024 | ₹4.7t | ₹2.1t | ₹156.3b | 24.4x | 30.3x | 2.3x |
| Thu, 28 Dec 2023 | ₹4.8t | ₹2.1t | ₹157.4b | 23.6x | 30.4x | 2.3x |
| Sat, 25 Nov 2023 | ₹4.5t | ₹2.1t | ₹155.8b | 23x | 28.9x | 2.2x |
| Mon, 23 Oct 2023 | ₹4.5t | ₹2.1t | ₹172.4b | 22x | 26x | 2.1x |
| Wed, 20 Sep 2023 | ₹4.4t | ₹2.1t | ₹169.5b | 22.6x | 25.9x | 2.1x |
| Fri, 18 Aug 2023 | ₹4.1t | ₹2.1t | ₹170.0b | 21.8x | 24.2x | 2x |
| Sun, 16 Jul 2023 | ₹3.8t | ₹2.1t | ₹181.1b | 19.3x | 21.1x | 1.8x |
| Tue, 13 Jun 2023 | ₹3.7t | ₹2.1t | ₹181.3b | 18.6x | 20.5x | 1.7x |
| Thu, 11 May 2023 | ₹3.6t | ₹2.2t | ₹213.3b | 14.4x | 17x | 1.6x |
| Sat, 08 Apr 2023 | ₹3.4t | ₹2.2t | ₹209.6b | 13.6x | 16.4x | 1.6x |
| Mon, 06 Mar 2023 | ₹3.5t | ₹2.2t | ₹207.8b | 13.9x | 16.7x | 1.6x |
| Wed, 01 Feb 2023 | ₹3.5t | ₹2.1t | ₹214.8b | 13.7x | 16.2x | 1.6x |
| Fri, 30 Dec 2022 | ₹3.6t | ₹2.1t | ₹214.8b | 14.4x | 16.7x | 1.7x |
| Sun, 27 Nov 2022 | ₹3.7t | ₹2.1t | ₹212.9b | 14.5x | 17.2x | 1.8x |
| Tue, 25 Oct 2022 | ₹3.6t | ₹1.9t | ₹199.9b | 15.7x | 18.1x | 1.9x |
| Thu, 22 Sep 2022 | ₹3.7t | ₹1.9t | ₹203.5b | 16.2x | 18.2x | 1.9x |
| Sat, 20 Aug 2022 | ₹3.7t | ₹1.9t | ₹203.4b | 15.5x | 18x | 1.9x |
| Mon, 18 Jul 2022 | ₹3.2t | ₹1.8t | ₹182.7b | 14.2x | 17.3x | 1.8x |
| Wed, 15 Jun 2022 | ₹3.1t | ₹1.8t | ₹182.7b | 13.6x | 17.1x | 1.8x |
| Fri, 13 May 2022 | ₹3.4t | ₹1.7t | ₹169.2b | 14.4x | 19.8x | 1.9x |
| Sun, 10 Apr 2022 | ₹3.8t | ₹1.7t | ₹163.4b | 16.8x | 23.3x | 2.3x |
| Tue, 08 Mar 2022 | ₹3.2t | ₹1.7t | ₹163.4b | 13.8x | 19.4x | 1.9x |
| Thu, 03 Feb 2022 | ₹3.7t | ₹1.6t | ₹161.8b | 16x | 23.2x | 2.4x |
| Sat, 01 Jan 2022 | ₹3.8t | ₹1.6t | ₹163.7b | 14.2x | 23.1x | 2.4x |
| Mon, 29 Nov 2021 | ₹3.6t | ₹1.6t | ₹163.7b | 13.4x | 22.3x | 2.3x |
| Wed, 27 Oct 2021 | ₹3.8t | ₹1.5t | ₹153.4b | 14.2x | 24.7x | 2.6x |
| Fri, 24 Sep 2021 | ₹3.6t | ₹1.4t | ₹148.3b | 15x | 24.4x | 2.6x |
| Sun, 22 Aug 2021 | ₹3.4t | ₹1.4t | ₹149.8b | 13.6x | 22.5x | 2.3x |
| Fri, 09 Jul 2021 | ₹3.3t | ₹1.4t | ₹148.8b | 13.5x | 21.9x | 2.3x |
Price to Earnings Ratio
26.8x
Current Industry PE
- Investors are optimistic on the Indian Commodity Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 42.4x which is higher than its 3-year average PE of 22.7x.
- The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Commodity Chemicals industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 17% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Indian Commodity Chemicals compare with similar industries?
| IN Market | -1.98% | |
| Materials | -1.81% | |
| Chemicals | -2.01% | |
| Commodity Chemicals | -0.87% | |
| Specialty Chemicals | -0.97% | |
| Diversified Chemicals | -3.17% | |
| Industrial Gases | -3.35% | |
| Fertilizers and Agricultural Chemicals | -4.25% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SUPREMEIND Supreme Industries | ₹5.33k | 5.3% +₹34.3b | 93.5% | PE63.3x | |
| CARBORUNIV Carborundum Universal | ₹1.50k | 5.4% +₹14.6b | 34.4% | PE61.8x | |
| 506401 Deepak Nitrite | ₹2.50k | 3.1% +₹10.3b | 27.9% | PE43.2x | |
| FINPIPE Finolex Industries | ₹279.10 | 4.7% +₹7.8b | 51.0% | PE36.3x | |
| 500770 Tata Chemicals | ₹1.08k | 0.7% +₹1.8b | 10.8% | PE97.5x |
