Top 15 Chemical Companies in India (2021)

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Top Indian Chemical Companies

Top Chemical Companies in India:  Here is the list of leading Chemical manufacturing players (NSE) based on their market cap.  Simply put, a chemical company is an organization that manufactures chemicals and their derivatives.

But to understand them better, we need to go to a little more depth. Chemical companies process natural raw materials (like air, water, petroleum, natural gas, minerals, etc.) into almost 70,000 different products. These products can be primary, secondary, and tertiary. The primary product is the one that is the most remote from the consumer.

Most of the products that the chemical industry produces serve as end products for the industry itself. Before they reach the final consumer, they need further processing. And even that processing happens in the chemical industry itself.

A single product might have various uses in this industry. Ethylene glycol e.g. finds usage as an anti-freezing agent for automobiles, a hydraulic brake fluid, and also in the cosmetics, textiles, and pharma industries.

What are the main products?

More than 80% of the products of chemical companies globally are composed of polymers and plastics. The companies further process these products to transport corrosive materials. Most of the industries use chemical products in some form or the other. Globally, the chemical industry is valued at more than $3 trillion.

The chemical industry in India

More than 80,000 chemical products are commercially produced in India, making it a highly diversified segment.  Agrochemicals, specialty chemicals, petrochem, fertilizers, and polymers are broad categories.

Certain snapshots from the Indian chemical industry:

  • World’s 3rd largest polymer consumer
  • World’s 4th largest producer of agrochemicals and 6th largest producer of chemicals
  • The market size in 2018-19 is $178 billion. Would cross $300 billion by 2025
  • 14th highest exporter and 8th highest importer of chemicals
  • Employs more than 20 lakh people

 

There are a large number of companies in India that are engaged in manufacturing chemicals in some form or the other. Some of them are large entities while many others are small, regional players.

Top Chemicals Companies in India: 

Atul Ltd.

Atul Ltd. has a huge customer base of more than 4,000, spread across 30 countries globally. It has established subsidiary companies in various countries to serve the customers more effectively there. The 73-year old company manufactures more than 1,300 products and is ISO 14001 certified.

Market Cap (Rs Cr.): 18,301.73
Book Value (Rs): 1035.13
Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 665.93
  • March 2019: 431.00
  • March 2018: 277.01
  • March 2017: 318.68

Alkyl Amines Chemicals Ltd.

This public limited listed company came into being in 1979. It manufactures amine derivatives, aliphatic amines, and other related chemicals. With more than 12 production plants, the company is a steady supplier of chemical products, backed by continuous research & development.

Market Cap (Rs Cr.): 6,870.32
Book Value (Rs): 262.16
Face Value (RS): 5.00

Profit and loss (in Rs. Cr.):

  • March 2020: 196.93
  • March 2019: 82.11
  • March 2018: 63.84
  • March 2017: 50.36

Vinati Organics Ltd.

From 1989, Vinati Organics Ltd. (VOL) has been manufacturing specialty chemicals and related intermediaries. The company is among the global leaders in the production of Isobutyl Benzene & Acrylamido Methylpropane Sulfonic Acid (ATBS). The company has received ISO 9001:2008, ISO 14001:2004, and ISO 18001:2007 certifications for strict adherence to quality control, health & safety, and environmental standards. The company is present in 22 countries.

Market Cap (Rs Cr.): 10,360.43
Book Value (Rs): 124.48
Face Value (RS): 1.00

Profit and loss (in Rs. Cr.):

  • March 2020: 333.82
  • March 2019: 282.49
  • March 2018: 143.88
  • March 2017: 140.28

Navin Fluorine International Ltd.

The company’s core products are inorganic fluorides, refrigeration chemicals, and specialty fluorochemicals. Navin Fluorine is also into Contract Research and Manufacturing Services (CRAMS) for synthesizing fluorinated compounds. These products find usage in industries like pharmaceuticals, agrochemicals, etc. The company’s hi-tech manufacturing plants are compliant with all necessary regulations.

Market Cap (Rs Cr.): 10,153.69
Book Value (Rs): 280.14
Face Value (RS): 2.00

Profit and loss (in Rs. Cr.):

  • March 2020: 401.37
  • March 2019: 147.45
  • March 2018: 182.46
  • March 2017: 136.96

Neogen Chemicals Ltd.

Established close to 30 years ago, Neogen Chemicals Ltd. is a leading manufacturer of bromine derivatives, lithium slats, and Grignard Compounds in India. It also has a strong presence in alkylation, acylation, couplings chlorination, etc. A host of competent employees facilitate the production of the best quality chemicals that is sold domestically and also exported to more than 25 countries.

Market Cap (Rs Cr.): 1,642.64
Book Value (Rs): 67.17
Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 28.66
  • March 2019: 20.95
  • March 2018: 10.50
  • March 2017: 7.68 

Fairchem Speciality Ltd.

Fairchem is a renowned company engaged in the manufacturing of aroma chemicals, nutraceuticals, and oleochemicals. Fuelled by continuous research and development, the world-class multiple production plants manufacture grade one category chemicals that have earned the trust of its large customer base over the years.

Market Cap (Rs Cr.): 2,187.51
Book Value (Rs):  32.92
Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 176.33
  • March 2019: 94.24
  • March 2018: 53.34
  • March 2017: 27.12

Foseco India Ltd.

With a wealth of experience of more than 75 years, Foseco India Ltd is a globally reputed name in manufacturing consumables for the foundry industry. It has a solid presence in more than 30 countries and major manufacturing facilities in seven countries, apart from India. The company ensures the highest levels of customer service by offering the best possible products, backed by rigorous research and development.

Market Cap (Rs Cr.): 798.31
Book Value (Rs): 268.36
Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 34.52
  • March 2019: 32.04
  • March 2018: 31.57
  • March 2017: 33.08

Clariant Chemicals India Ltd.

Clariant is counted among the of the world’s leading manufacturers of specialty chemicals. It serves a wide range of industries with customized and innovative solutions. The manufacturing process and the product specifications also take into account energy efficiency, emission reduction, and optimum utilization of resources. The company’s focus areas are in care chemicals, natural resources, and catalysis.

Market Cap (Rs Cr.): 864.30
Book Value (Rs): 282.21
Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 50.71
  • March 2019: 18.56
  • March 2018: 21.60
  • March 2017: 24.48

IG Petrochemicals Ltd.

IG Petrochemicals Ltd is a leading manufacturer of Phthalic Anhydride from its world-class production facilities. In fact, the company boasts of one of the largest single-location production capacities with a combined production capacity of close to 40K MTPA. The company also produces Maleic Anhydride and Benzoic Acid.

Market Cap (Rs Cr.): 761.09
Book Value (Rs): 205.91
Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 88
  • March 2019: 116.85
  • March 2018: 146.03
  • March 2017: 101.57

DIC India Ltd.

DIC India is a part of DIC Corporation, Japan. The Japanese entity is among the world’s largest manufacturers of printing inks and allied products. DIC India also holds a premium position in India in the publishing, printing, and packaging sectors. For over 73 years, the company has earned the trust of its customers because of its dedicated service and credibility of its product offerings.

Market Cap (Rs Cr.): 350.18
Book Value (Rs): 324.56
Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 18.45
  • March 2019: -9.32
  • March 2018: -11.79
  • March 2017: 22.84 

Chembond Chemicals Ltd.

Chembond Chemicals has been in business for almost 45 years. It manufactures a varied range of specialty chemicals like:

  • Polymers
  • Cnstruction chemicals
  • Water treatment chemicals
  • Industrial biotech products, etc.

The production facilities are equipped with the latest technology, manned by competent personnel. The company is engaged in regular R&D to improve production and product qualities.

Market Cap (Rs Cr.): 227.61
Book Value (Rs): 170.76
Face Value (RS): 5.00

Profit and loss (in Rs. Cr.):

  • March 2020: 3.09
  • March 2019: 19.84
  • March 2018: 23.57
  • March 2017: 22.86

Seya Industries Ltd.

Seya Industries is a steadily-growing organization, engaged in the manufacturing of chlorination processed Benzene-based products. It is also into the manufacturing of acids and pigment intermediaries. The company is actively into exports as well and is making its presence felt in both the domestic and international markets as a customer-centric company that places service standards above everything else.

Market Cap (Rs Cr.): 180.69
Book Value (Rs): 394.18
Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 47.02
  • March 2019: 88.49
  • March 2018: 52.40
  • March 2017: 42.23

Jayant Agro-Organics Ltd.

The Jayant Agro Group provides the largest range of castor oil-based and specialty chemicals not only in India but across the world. It is engaged in continuous research and development to enhance the quality of castor oil-based derivatives. Hard work, team effort, and dedication to customer service are the driving forces of the company.

Market Cap (Rs Cr.): 294.15
Book Value (Rs): 91.38
Face Value (RS): 5.00

Profit and loss (in Rs. Cr.):

  • March 2020: -34.95
  • March 2019: 57.98
  • March 2018: 56.85
  • March 2017: 57.99

Balaji Amines Ltd.

The ISO 9001:2015-certified Balaji Amines Ltd. is a specialist manufacturer of Methylamines, Ethylamines, and Pharma Excipients. Set up in 1988, it is among the leading manufacturers of Aliphatic Amines in the country. The company’s aim is to provide the best possible solution to the customers at the lowest possible cost, without compromising on quality or service standards.

Market Cap (Rs Cr.): 2,915.77
Book Value (Rs): 206.06
Face Value (RS): 2.00

Profit and loss (in Rs. Cr.):

  • March 2020: 97.47
  • March 2019: 117.09
  • March 2018: 113.18
  • March 2017: 82.35

Gujarat Heavy Chemicals Ltd.

Gujarat Heavy Chemicals Ltd. started their journey in 1983. Today, it has carved a niche for itself as a leading and diversified business group with its presence in chemicals, textiles, and consumer products. In the chemical segment, the company is a leading producer of Soda Ash that is used in industries like detergents, glass, and ceramics, and also of Sodium Bicarbonate. The company has an installed production capacity of close to 1 million MTPA.

Market Cap (Rs Cr.): 1,569.62
Book Value (Rs): 230.03
Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 396.62
  • March 2019: 350.58
  • March 2018: 350.58
  • March 2017: 380.05

List of Top 15 Chemical Companies in India

Sl. No. Company Establishment Head office Website
1 Atul Ltd. 1947 Valsad https://www.atul.co.in/
2 Alkyl Amines Chemicals Ltd. 1979 Mumbai http://www.alkylamines.com/
3 Vinati Organics Ltd. 1989 Mumbai https://vinatiorganics.com/
4 Navin Fluorine International Ltd. 1967 Mumbai https://www.nfil.in/
5 Neogen Chemicals Ltd. 1989 Mumbai https://neogenchem.com/
6 Fairchem Speciality Ltd. 1985 Ahmedabad http://www.fairchem.in/
7 Foseco India Ltd. 1932 Pune https://fosecoindia.com/
8 Clariant Chemicals India Ltd. 1956 Navi Mumbai https://www.clariant.com/
9 IG Petrochemicals Ltd. 1988 Mumbai http://www.igpetro.com/
10 DIC India Ltd. 1947 Kolkata https://www.dicindialtd.co/
11 Chembond Chemicals Ltd. 1975 Navi Mumbai http://www.chembondindia.com/
12 Seya Industries Ltd. 1990 Mumbai http://www.seya.in/
13 Jayant Agro-Organics Ltd. 1992 Mumbai https://www.jayantagro.com/
14 Balaji Amines Ltd. 1988 Solapur http://www.balajiamines.com/
15 Gujarat Heavy Chemicals Ltd. 2003 Noida https://www.ghcl.co.in/

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