Top 10 Chemical Stocks in India 2026

The moment you visit the stock market, you will find hundreds of stocks across sectors listed. While some are from the traditional industries, there are a few that are the new and upcoming industries. But one thing is common, which is that each of these companies requires a detailed technical analysis before you plan on investing in them.

Of these sectors, one of the fastest-growing ones is the chemical industry. This one provides the raw material for various other manufacturing industries. So, if you are planning to invest in chemical stocks in India, you need to know these stocks well. 

Chemical Sector Outlook 2026

As of 2026, India’s chemical and petrochemical industry is valued at around USD 270 to 280 billion. It contributes nearly 7% to India’s GDP and makes India the 6th largest chemical producer globally and 3rd in Asia. The sector remains quite important due to its strong linkages with other sectors like manufacturing, agriculture, pharmaceuticals, infrastructure, and consumer goods.

At the same time, it is expected to reach USD 383 to 400 billion by 2030. This is estimated at around 8% CAGR. Over the long term, total chemicals and petrochemicals demand in India could approach USD 1 trillion by 2040. This is due to domestic consumption and export.

The industry covers everything from specialty chemicals to fertilisers, polymers, and more. 

Drivers:

• Rising domestic consumption across sectors.

• Supply chain diversification to other countries, such as China.

• Government support through PLI and development.

• Growth in green chemicals expected above 10% CAGR.

Risks:

• High volatility in the price of the raw material.

• Global factors that impact the price movements.

• Delays are linked to proper infrastructure and clearance factors.

Top 10 Chemical Stocks in India 2026

When you plan to invest in stocks, you need to know their performance as well. This starts with understanding whether they are listed on the NSE or BSE or not. If yes, then comparing the past performance and other financial metrics becomes the key. 

So, let us start with the top 10 chemical stocks here. 

(Data as of opening of Feb 12, 2026 - This is for educational purposes only. Check well before investing.)

1. Pidilite Industries Ltd

Pidilite is one of India’s most recognized specialty chemical companies, best known for consumer brands in adhesives and construction chemicals. It operates strongly in the coatings, sealants, and industrial adhesive space. The company has strong brand equity, consistent cash flows, and strong leadership.

2. Solar Industries India Ltd

It is a leading manufacturer of industrial explosives and defence-related products. It serves the mining, infrastructure, and defense sectors. The company has shown strong revenue growth supported by export expansion and defense contracts. It has supported long-term wealth creation, all because of its valuations.

3. SRF Ltd

It operates across speciality chemicals, fluorochemicals, and packaging films. This diversified portfolio supports the company. The company is known for its technical expertise. But it is impacted by global aspects, which it handles well. 

4. Coromandel International Ltd

It is a major player in fertilizers and crop protection products. The company benefits from rural demand, government subsidy support, and a growing crop protection portfolio. It combines the demand for fertilizer with stable performance, which helps it achieve higher margins.

5. UPL Ltd

This is a global company with operations across multiple continents. It focuses on crop protection solutions, seeds, and biological products. Even when the company has a good reach, it is still impacted by global stock corrections and pricing conditions. 

6. Linde India Ltd

It operates in the industrial gases segment, supplying oxygen, nitrogen, and specialty gases. Since it is associated with quite important segments, it benefits from consistent and long-term contracts. This is a reason for high demand and profitability.

7. Fertilisers And Chemicals Travancore Ltd

FACT is a public sector company engaged in fertilizer manufacturing and petrochemicals. It is supported by the government and various subsidies. But the earnings can be volatile. This is because of the demand and supply of the raw material. 

8. PI Industries Ltd

This is the company that focuses on agrochemicals and custom synthesis manufacturing. It is known for its strong export-driven model with global innovators. The company’s emphasis on research and development supports its specialty positioning.

9. Gujarat Fluorochemicals Ltd

This operates in fluoropolymers, specialty chemicals, and battery materials. The company is supported by the increasing demand for EVs and renewable energy. The fluorochemical segment offers strong long-term growth potential but remains cyclical.

10. Godrej Industries Ltd

Godrej Industries has diversified exposure, including oleochemicals, surfactants, and other chemical products. It also has investments in other Godrej group businesses. While diversified, performance depends partly on its chemical segment and broader group exposure.

Key Financial Metrics

Conclusion

India’s chemical sector in 2026 stands at an interesting balance point. The long-term growth story remains strong, which is a signal for a better future. But this is not enough. You need to analyse all the factors well before investing. This is where Rupeezy can help. Register and explore all the tools and support you need for better analysis and investing.

FAQs

Which chemical segment is growing fastest?

Speciality chemicals and select agrochemical exports are currently growing faster than bulk commodity chemicals due to higher margins and export demand.

Are chemical stocks cyclical?

Yes, many chemical stocks are cyclical. This is because profits depend on crude prices, global supply, and demand conditions.

What are the key risks in 2026?

The key risks include China's overcapacity, volatile raw material costs, and export slowdown.

Is the sector suitable for long-term investing?

Yes, this is because there are structured demand drivers that help the company all year round with demand and orders.

How can beginners invest safely?

You must focus on fundamentally strong companies, diversify across sub-segments, and invest with a long-term approach.