Chemical Sector ahead of SENSEX.

Asia is growing well in the global chemical industry sector, and India is emerging as one of the prime destinations for chemical companies worldwide. Indian chemical industry is ~3 per cent of global chemical industry. Indian chemical industry is growing at 11 per cent CAGR and it has immense growth potential. We have analysed Indian chemical companies over the last one month and one year against the SENSEX performance. 

SENSEX performance for last one month and year is 2.80 per cent and -5.90 per cent respectively. The table above mentions the companies who were top gainers in the chemical sector Against SENSEX. Supreme Petrochem Ltd. has given one week and one month return as of 40.18 per cent and 116.98 percent, respectively,  and has topped the list. Supreme’s current P/B is at 1.87 and P/E at 13.01, which is supported by its higher ROA and ROE. Thirumalai Chemicals Ltd. at CMP of Rs 234, has given good returns over last year; however its ROA is negative 2.1. Supreme Petrochem compares well with Grauer & Weil in terms of ROA and ROE, which has also given good stock performance.