Best Chemical Stocks to Buy 2023

Published : 13 Apr 2023

Due to rising government efforts and increased demand for chemicals across numerous industries, India's chemical sector stocks have seen remarkable growth in recent years. Based on past financial results and projected future growth, this article will analyze the top chemical stocks in India to buy in 2023.

EPS

57.9

Mumbai is the home base for the Indian multinational conglomerate Reliance Industries Ltd (RIL). Petrochemicals, refineries, and oil and gas exploration are just a few industries.

P/E Ratio

23.9

1.7

Price to Book Ratio

Current Market Price

₹2245.3

1,519,382

Market Cap Cr

EPS

30

A market leader in the chemical industry, Tata Chemicals Ltd. offers a diverse range of goods and services in sectors like food, textiles, agriculture, and industrial chemicals. The business operates in over 40 nations and is well-established in Africa, Europe, North America, and India.

P/E Ratio

11.8

1.3

Price to Book Ratio

Current Market Price

₹951.15

24,218

Market Cap Cr

EPS

22.1

Agrochemical giant UPL Ltd. has operations in more than 130 nations. Crop protection products, seeds, and post-harvest solutions are just a few of the agricultural products the business provides farmers. Moreover, UPL Ltd. is becoming more prevalent in the industrial and specialty chemical sectors.

P/E Ratio

17.3

3

Price to Book Ratio

Current Market Price

₹358.3

196,797

Market Cap Cr

EPS

54

The agrochemical and specialty chemicals company PI Industries Ltd. in India offers specialized solutions to the agrochemicals sector. The business is well-established in North America, Europe, Asia, India, and other international markets.

P/E Ratio

19.7

7.2

Price to Book Ratio

Current Market Price

₹2885.85

43,831

Market Cap Cr

EPS

35.5

A leading Indian producer of specialized chemicals and pharmaceutical intermediates is Aarti Industries Ltd. The business operates in pharmaceuticals, home & personal care, agrochemicals, and specialty chemicals and provides services to clients in more than 60 countries.

P/E Ratio

27.7

3

Price to Book Ratio

Current Market Price

₹483.00

17,549

Market Cap Cr

EPS

95

Balaji Amines Li is involved in the business activities of Manufacture of organic and inorganic chemical compounds.

P/E Ratio

19.6

6.1

Price to Book Ratio

Current Market Price

₹2494.35

8,082

Market Cap Cr

EPS

88

Primo Chemicals is involved in the business activities of Manufacture of organic and inorganic chemical compounds. 

P/E Ratio

11.5

6.8

Price to Book Ratio

Current Market Price

₹78.00

₹1890.3 

Market Cap Cr

EPS

43.9

Alkyl Amines Che is involved in the business activities of Manufacture of organic and inorganic chemical compounds. 

P/E Ratio

54.6

12.5

Price to Book Ratio

Current Market Price

₹2420.00

12,366

Market Cap Cr