The Indian chemical industry, with over 80,000 products, ranks as the 6th largest globally and 3rd in Asia. It contributes up to 7 percent of the country’s GDP valued at $220 billion, the industry is projected to grow to $300 billion by 2030 and $1 trillion by 2040.
The 3-year CAGR for revenue and profit shows how much a company’s revenue and profit have grown each year, on average, over three years. It helps investors understand the company’s growth trend and overall financial health.
Listed below are four chemical stocks with 3-year Profit growth up to 76.7 percent
Castrol India Limited
With a market capitalization of Rs 17,304.70 crores, Castrol India Limited is involved in the production and sale of automotive and industrial lubricants, along with providing related services.
Castrol India is working on growing its distribution network, which now includes over 1,36,000 outlets, such as 580 Castrol Auto Service centers and 9,400 multi-brand car workshops.
The company has achieved a 3-year revenue CAGR of 19.19 percent and a profit CAGR of 14.02 percent. The stock has also given a return CAGR of 14.83 percent during the last 3 years.
Godrej Industries Limited
With a market capitalization of Rs 28,792.30 crores, Godrej Industries Limited is involved in the production and marketing of household and personal care products and operates in the fast-moving consumer goods (FMCG) sector.
Godrej Industries Limited has a diverse range of consumer products under the brand names Good Knight, Aer O, HIT Aerosol, and CINTHOL amongst many others.
The company has achieved a 3-year revenue CAGR of 21.16 percent and a profit CAGR of 15.15 percent. The stock has also given a return CAGR of 13.33 percent during the last 3 years.
Fineotex Chemical Limited
With a market capitalization of Rs 3,854.88 crores, Fineotex Chemical Limited is involved in manufacturing specialty chemicals catering to the textile, paint, water treatment, fertilizer, leather, and construction industries.
Fineotex maintains a diverse portfolio of over 1,400 SKUs (Stock Keeping Units), reducing reliance on specific raw materials. With a current R&D expenditure of Rs 7 to 8 crores, the company focuses on eco-friendly and sustainable product innovation.
The company has achieved a 3-year revenue CAGR of 37.58 percent and a profit CAGR of 39.53 percent. The stock has also given a return CAGR of 31.62 percent during the last 3 years.
Jyoti Resins & Adhesives Ltd.
With a market capitalization of Rs 1,492.56 crores, Jyoti Resins & Adhesives Ltd. is involved in the production and sale of automotive and industrial lubricants, along with providing related services.
Jyoti Resins has become the second-best-selling white glue brand in India’s retail market. Further, premium products of the company such as EXTREME 3 and ULTRA 5IN1 have grown their revenue contribution from 25 percent to around 35 percent respectively.
The company has achieved a 3-year revenue CAGR of 36.44 percent and a profit CAGR of 76.7 percent. The stock has also given a return CAGR of 54.73 percent during the last 3 years.
Written by Shwetha Sairam
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