Synopsis:
Indian chemical stocks fell after Trump proposed doubling tariffs on India. The US accounts for 13.2 percent of India’s organic chemical exports, worth 2.7 billion dollars. Export-focused companies like Vinati Organics, Navin Fluorine, and SRF saw intraday declines up to 3.13 percent.
The Indian specialty chemical sector came under significant pressure following the announcement of tariff hikes by US President Donald Trump. These proposed tariff increases have led to heightened concerns for export-heavy Indian chemical firms, particularly those with a sizable revenue share from the United States of America.
India’s organic chemical exports to the United States stands at 2.7 billion dollars, accounting for 13.2 percent of the sector’s total outbound shipments. However, with tariff hikes by US President Donald Trump, exporters now face a steep combined duty of 54 percent, posing a significant challenge for one of India’s key chemical export segments.
Here are the chemical stocks that felt the pressure in today’s session due to the tariff increase:
1. Vinati Organics Ltd (VINATIORGA)
Vinati Organics is a leading manufacturer of specialty chemicals and organic intermediaries, with a global footprint spanning over 35 countries. Since its inception in 1989, the company has transformed from a single-product business into a diversified entity catering to major industrial and chemical giants across the US, Europe, and Asia.
The company derives nearly 54 percent of its revenue from exports, serving over 40 countries, with the majority of exports directed towards the US, Europe, Japan, and China. This strong dependence on international markets, especially the US, makes it vulnerable to changing trade dynamics.
With a market capitalization of Rs. 17,778 Crores, the shares of Vianti Organics Ltd closed at Rs. 1,715 per equity share, down 0.89 percent from its previous day’s close price of Rs. 1,730.35.
2. Navin Fluorine International Ltd (NAVINFLUOR)
Navin Fluorine International is primarily engaged in the production of refrigeration gases, inorganic fluorides, and specialty organofluorines. The company also offers contract research and manufacturing services and has developed more than 50 fluorinated compounds over the years.
Exports account for 56 percent of the company’s revenue for FY 2024-25, with key regions including North America, Europe, the Middle East, and Asia Pacific. This high exposure to global markets places the company on the direct path of potential headwinds from US policy changes.
With a market capitalization of Rs. 25,375 Crores, the shares of Navin Fluorine International Ltd closed at Rs. 4,657 per equity share, down 2 percent from its previous day’s close price of Rs. 5,251.35.
3. Gujarat Fluorochemicals Ltd (FLUOROCHEM)
Gujarat Fluorochemicals, formerly known as Inox Fluorochemicals Limited, is a member of the INOX Group. It was demerged from GFL Ltd in 2018 and is one of India’s major producers of fluoro-polymers, fluoro-specialties, chemicals, and refrigerants. Globally, it is among the top five producers of fluoropolymers.
In FY 2025, the company generated 60 percent of its total revenue from exports. Its key international markets include Europe, the Americas, Japan, and other parts of Asia. In FY 2024, it generated 19 percent of its revenue from the U.S.
With a market capitalization of Rs. 17,778 Crores, the shares of Gujarat Fluorochemicals Ltd closed at Rs. 3,591.05 per equity share, down 1.29 percent from its previous day’s close price of Rs. 3,637.90.
4. Laxmi Organic Industries Ltd (LXCHEM)
Established in 1989, Laxmi Organic Industries is involved in manufacturing specialty chemicals such as Ethyl Acetate, Acetic Acid, and Diketene Derivative Products (DDP). The company operates across more than 30 countries and maintains 11 offices in India.
Exports contribute to 36 percent of the company’s total revenue, with the US accounting for 31 percent of its export revenue in FY25. This positions the company within the segment that may face demand-side pressure from the newly proposed tariff regime.
With a market capitalization of Rs. 5,122 Crores, the shares of Laxmi Organic Industries Ltd closed at Rs. 184.90 per equity share, up 0.11 percent from its previous day’s close price of Rs. 184.70.
5. Aarti Industries Ltd (AARTIIND)
Aarti Industries, the flagship company of the Aarti Group, manufactures organic and inorganic chemicals across its major facilities located in Gujarat and Maharashtra. It is particularly strong in the NCB-based specialty chemicals segment.
The company derives 54 percent of its revenue from exports in FY 25, with 18 percent specifically contributed by the North American market. This positions it among the more exposed chemical players in India, especially under changing trade terms.
With a market capitalization of Rs. 13,715 Crores, the shares of Aarti Industries Ltd closed at Rs. 378.30 per equity share, down 2 percent from its previous day’s close price of Rs. 386.05.
6. SRF Ltd (SRF)
SRF Limited is a diversified Indian chemicals conglomerate with a strong presence in industrial and specialty intermediates. Its portfolio spans fluorochemicals, specialty chemicals, technical textiles, packaging films, and coated fabrics.
In FY24, exports made up 55 percent of SRF’s revenue, down from 60 percent in FY23. Around 11 percent of the revenue came from the US, compared to 15 percent in the previous year.
With a market capitalization of Rs. 86,065 Crores, the shares of SRF Ltd closed at Rs. 2,903.45 per equity share, down 2.2 percent from its previous day’s close price of Rs. 2,968.80.
7. Jubilant Ingrevia Ltd (JUBLINGREA)
Jubilant Ingrevia is a global, integrated provider of life science products and innovative chemical solutions. The company serves pharmaceutical, agrochemical, nutrition, and consumer markets, and also offers custom research and manufacturing services for pharmaceuticals and agrochemicals.
In FY25, exports contributed 46 percent to Jubilant Ingrevia’s revenue, with 20 percent of total exports coming from the Americas. Given this export dependency, the company’s outlook may be impacted by future US tariff policies.
With a market capitalization of Rs. 86,065 Crores, the shares of Jubilant Ingrevia Ltd closed at Rs. 2,903.45 per equity share, down 2.2 percent from its previous day’s close price of Rs. 2,968.80.
Written by -Manan Gangwar
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
