India’s chemical industry is poised for significant growth, projected to reach $300 billion by 2025 and $1 trillion by 2040. As the sector continues to evolve, investors are closely eyeing the top chemical stocks that offer promising long-term potential.
Top 10 and best chemical stocks in India to watch in 2024
1. Pidilite Industries Ltd
Market Cap: ₹1,37,477 Cr
Pidilite is a leading manufacturer of adhesives, sealants, and construction chemicals. Its flagship brand Fevicol dominates the adhesives market. The company has expanded through strategic acquisitions and maintains a strong financial profile.
2. SRF Ltd
Market Cap: ₹68,001 Cr
SRF is a diversified chemical company with a global presence. It operates in segments like fluorochemicals, specialty chemicals, and technical textiles. The company’s resilient business model and consistent financial performance make it an attractive investment.
3. Gujarat Fluorochemicals
Market Cap: ₹31,275 Cr
Gujarat Fluorochemicals is a major producer of chloromethane, refrigerants, and PTFE. It has a dominant market position in its key product areas and has demonstrated financial robustness.
4. Deepak Nitrite Ltd
Market Cap: ₹29,832 Cr
Deepak Nitrite is a leading manufacturer of agrochemicals, colorants, and specialty chemicals. The company’s diverse portfolio, strategic locations, and financial strength position it well for growth in the Indian chemical sector.
5. Linde India Ltd
Market Cap: ₹46,142 Cr
Linde India specializes in industrial and medical gases, with a significant presence in both domestic and international markets. The company’s financial performance, including a 12% compounded sales growth, makes it an attractive investment option.
The remaining top 10 chemical stocks in India for 2024 are:
6. Fertilisers And Chemicals Travancore Ltd (FACT)
7. Alkyl Amines Chemicals Ltd
8. Solar Industries India Ltd
9. Navin Fluorine International Ltd
10. PI Industries Ltd
These chemical stocks offer investors exposure to the diverse and growing Indian chemical industry, with companies operating in sectors like specialty chemicals, agrochemicals, petrochemicals, and more. However, investors should carefully consider factors like company fundamentals, industry trends, and valuations before making investment decisions.
