Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Chemicals - Inorganic Stocks in India

Chemicals - Inorganic: Deepak Nitrite Ltd owns the largest revenue base; Fischer Medical Ventures Ltd has the fastest current growth.

Nifty Chemicals - Inorganic Index — Constituents & Performance

The Chemicals - Inorganic companies below are the listed Indian Chemicals - Inorganic universe this page tracks — the same constituent set people search for as the Nifty Chemicals - Inorganic index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Chemicals - Inorganic moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 20% ahead of NIFTY 500. Earnings across its companies grew 0% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 17 weeks running.

FADING · −3 in 4w~Price up, without the fundamentals confirming3 of 9 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS ↑17w · 6/9 >200d (+2) · 3/9 lead (−3) · EPS 5/8↑

2005001000202620252024202320222021 1030336 TRAILING 12-MONTH EPS · 100 AT THE START0100103Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 23.2% on a year ago · 3 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 2.8% on a year ago · 6 reportingDec 2023 · trailing 12-month earnings per share at 95, against 100 at the start · down 1.8% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 85, against 100 at the start · down 13.7% on a year ago · 7 reportingJun 2024 · trailing 12-month earnings per share at 87, against 100 at the start · down 17.3% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 85, against 100 at the start · down 22.0% on a year ago · 7 reportingDec 2024 · trailing 12-month earnings per share at 96, against 100 at the start · down 3.6% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 70, against 100 at the start · up 9.2% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 66, against 100 at the start · down 9.1% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 72, against 100 at the start · up 7.8% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 85, against 100 at the start · down 1.1% on a year ago · 8 reportingMar 2026 · trailing 12-month earnings per share at 103, against 100 at the start · up 2.6% on a year ago · 8 reportingNot reported yet — earnings trail price by a quarter or two103 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
2005001000202620252024202320222021 1030336 TRAILING 12-MONTH EPS · 100 AT THE START0100103Mar 24Mar 25Mar 26Jun 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 23.2% on a year ago · 3 reporting · thin coverageSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 2.8% on a year ago · 6 reportingDec 2023 · trailing 12-month earnings per share at 95, against 100 at the start · down 1.8% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 85, against 100 at the start · down 13.7% on a year ago · 7 reportingJun 2024 · trailing 12-month earnings per share at 87, against 100 at the start · down 17.3% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 85, against 100 at the start · down 22.0% on a year ago · 7 reportingDec 2024 · trailing 12-month earnings per share at 96, against 100 at the start · down 3.6% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 70, against 100 at the start · up 9.2% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 66, against 100 at the start · down 9.1% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 72, against 100 at the start · up 7.8% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 85, against 100 at the start · down 1.1% on a year ago · 8 reportingMar 2026 · trailing 12-month earnings per share at 103, against 100 at the start · up 2.6% on a year ago · 8 reportingNot reported yet — earnings trail price by a quarter or two103No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Chemicals - Inorganic, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy MixedHow much of the sector is participating, how recently, and whether the movers score well.
Together3 of 9 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score +8 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/2−1
Mid 2/30
Small 1/4−2

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 9 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Chemicals - Inorganic outperforming NIFTY 500?

The 52-week comparison of Chemicals - Inorganic against NIFTY 500 is not available from the current market series. 5 of 9 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Indo Borax & Chemicals Ltd is the strongest against the sector itself at +54.9%. Readings are as of 2026-07-19.

Sector vs NIFTY 500 · 13 weeks
Sector vs NIFTY 500 · 52 weeks
5/9Stocks leading NIFTY 500
2/9Stocks leading sector

Sector metric: 33.4 as of 2026-07-19 · CONSOLIDATION · falling.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 5 of 9 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Deepak Nitrite Ltd leads with revenue of ₹7,887 crore, based on 9 of 9 comparable companies through Mar 2026. Fischer Medical Ventures Ltd has the fastest current revenue growth at 100%, across 8 of 9 comparable companies.

Is the Chemicals - Inorganic sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 5 of 9 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Chemicals - Inorganic company is largest by revenue?

Deepak Nitrite Ltd leads with revenue of ₹7,887 crore, based on 9 of 9 comparable companies through Mar 2026.

Which Chemicals - Inorganic company is growing fastest?

Fischer Medical Ventures Ltd has the fastest current revenue growth at 100%, across 8 of 9 comparable companies.

Which Chemicals - Inorganic company has the strongest 4-Factor Sector Score?

Indo Borax & Chemicals Ltd ranks first at 69.4/100 with 82.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Chemicals - Inorganic company reports the most CAPEX?

Archean Chemical Industries Ltd reports the largest latest CAPEX at ₹21 crore, with 2 of 9 companies comparable.

Which Chemicals - Inorganic company has the least gross debt?

Indo Borax & Chemicals Ltd has the lowest comparable gross debt at ₹1 crore. Deepak Nitrite Ltd has the highest at ₹1,638 crore.

Which Chemicals - Inorganic company has the lowest comparable PEG?

Deepak Nitrite Ltd has the lowest comparable Guarded PEG at 0.61, among 2 of 9 companies that pass the metric’s comparability rules.

How much history does this Chemicals - Inorganic comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
9
complete canonical membership
Combined market value
₹43.0K Cr
Deepak Nitrite Ltd
Revenue growing
7/8
positive TTM year-on-year growth
Beating NIFTY 500
5/9
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Indo Borax & Chemicals Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82.8% evidence confidence.
Sree Rayalaseema Hi-Strength Hypo Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Tanfac Industries Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Indo Borax & Chemicals Ltd · INDOBORAX

69.4/100 · Favorable setup · 83% evidence

Exact sum: 23.4 + 19.4 + 6.6 + 20 = 69.4

Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

23.4/35Growth & earnings

Revenue 22.7% · PAT 19.1% · OPM change 0 pp

83% evidence

19.4/25Capital efficiency

ROCE 15.4% · debt/equity 0×

95% evidence

6.6/20Valuation

P/E 36.8× · PEG —

50% evidence

20.0/20Relative strength

RS sector 54.9% · RS bench 66.5% · 1Y 88.7%

100% evidence

2. J.G.Chemicals Ltd · JGCHEM

54.3/100 · Mixed-positive evidence · 70% evidence

Exact sum: 17.4 + 15.6 + 10.4 + 10.9 = 54.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

17.4/35Growth & earnings

Revenue 14.6% · PAT 1.5% · OPM change -1 pp

83% evidence

15.6/25Capital efficiency

ROCE 18.1% · debt/equity 0.01×

95% evidence

10.4/20Valuation

P/E 30.1× · PEG —

15% evidence

10.9/20Relative strength

RS sector -3.5% · RS bench 9.5% · 1Y -12.5%

70% evidence

3. Ganesh Benzoplast Ltd · GANESHBE

50.8/100 · Mixed-positive evidence · 62% evidence

Exact sum: 11.7 + 15.6 + 11.1 + 12.4 = 50.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

11.7/35Growth & earnings

Revenue 9.6% · PAT 97.3% · OPM change -14 pp

62% evidence

15.6/25Capital efficiency

ROCE 14.6% · debt/equity 0.12×

95% evidence

11.1/20Valuation

P/E 12× · PEG —

15% evidence

12.4/20Relative strength

RS sector -2.3% · RS bench 15.8% · 1Y 7.7%

70% evidence

4. Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD

49.7/100 · Mixed-negative evidence · 77% evidence

Exact sum: 15.3 + 13.7 + 14.3 + 6.4 = 49.7

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

15.3/35Growth & earnings

Revenue 4.5% · PAT 1.1% · OPM change -3 pp

83% evidence

13.7/25Capital efficiency

ROCE 14% · debt/equity 0.01×

95% evidence

14.3/20Valuation

P/E 8.2× · PEG —

50% evidence

6.4/20Relative strength

RS sector -11.3% · RS bench -6.2% · 1Y -28.6%

70% evidence

5. Tanfac Industries Ltd · TANFACIND

48.2/100 · Mixed-negative evidence · 83% evidence

Exact sum: 10.8 + 17.4 + 6.2 + 13.8 = 48.2

Decision use: Price leads the evidence: RS versus the benchmark is 23%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

10.8/35Growth & earnings

Revenue 13.2% · PAT -29.2% · OPM change -1 pp

95% evidence

17.4/25Capital efficiency

ROCE 23.7% · debt/equity 0.25×

80% evidence

6.2/20Valuation

P/E 84.7× · PEG —

50% evidence

13.8/20Relative strength

RS sector 14.5% · RS bench 23% · 1Y 11.9%

100% evidence

6. Deepak Nitrite Ltd · DEEPAKNTR

47.7/100 · Mixed-negative evidence · 96% evidence

Exact sum: 14.6 + 9.2 + 15.4 + 8.5 = 47.7

Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.

14.6/35Growth & earnings

Revenue -4.8% · PAT -20.9% · OPM change 3 pp

88% evidence

9.2/25Capital efficiency

ROCE 11.4% · debt/equity 0.28×

100% evidence

15.4/20Valuation

P/E 40.8× · PEG 0.61

100% evidence

8.5/20Relative strength

RS sector -5.8% · RS bench 1.1% · 1Y -12.4%

100% evidence

7. Fischer Medical Ventures Ltd · FISCHER

43.3/100 · Mixed-negative evidence · 73% evidence

Exact sum: 25.1 + 6.3 + 8.9 + 3 = 43.3

Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -35.6% and the one-year return is -56.7%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.

25.1/35Growth & earnings

Revenue 100% · PAT 100% · OPM change -4.1 pp

88% evidence

6.3/25Capital efficiency

ROCE 11.4% · debt/equity 0.28×

100% evidence

8.9/20Valuation

P/E 80× · PEG —

15% evidence

3.0/20Relative strength

RS sector -35.6% · RS bench -34.3% · 1Y -56.7%

70% evidence

8. Archean Chemical Industries Ltd · ACI

31.1/100 · Adverse evidence · 96% evidence

Exact sum: 6.4 + 9.7 + 12.7 + 2.3 = 31.1

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

6.4/35Growth & earnings

Revenue 3.8% · PAT -35.6% · OPM change -11 pp

88% evidence

9.7/25Capital efficiency

ROCE 7.4% · debt/equity 0.24×

100% evidence

12.7/20Valuation

P/E 66.5× · PEG 0.83

100% evidence

2.3/20Relative strength

RS sector -14.1% · RS bench -7.9% · 1Y -21.2%

100% evidence

9. POCL Enterprises Ltd · 539195

47.4/100 · Thin evidence · provisional · 49% evidence

Exact sum: 18.7 + 14.8 + 10.8 + 3.1 = 47.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.7/35Growth & earnings

Revenue — · PAT — · OPM change 0 pp

17% evidence

14.8/25Capital efficiency

ROCE 26.4% · debt/equity 0.69×

80% evidence

10.8/20Valuation

P/E 12.7× · PEG —

15% evidence

3.1/20Relative strength

RS sector -18.8% · RS bench -13.4% · 1Y -24.9%

100% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Deepak Nitrite Ltd has the highest Revenue among the 9 Chemicals - Inorganic companies compared here, at ₹7,887 crore. POCL Enterprises Ltd is next at ₹1,431 crore. Fischer Medical Ventures Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Deepak Nitrite Ltd is the scale leader at ₹7,887 crore, 451.2% ahead of POCL Enterprises Ltd. Fischer Medical Ventures Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 178.8% from a ₹309 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderDeepak Nitrite Ltd · ₹7,887 crore
Gap451.2% versus #2 · POCL Enterprises Ltd
Persistence4/8 recent comparable periods
Coverage9/9 companies · 128 observations

Investor read: Deepak Nitrite Ltd is the scale benchmark; Fischer Medical Ventures Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Deepak Nitrite Ltd's growth falls below Fischer Medical Ventures Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Deepak Nitrite Ltd DEEPAKNTR₹7.9K Cr
2POCL Enterprises Ltd 539195₹1.4K Cr
3Archean Chemical Industries Ltd ACI₹1.1K Cr
4J.G.Chemicals Ltd JGCHEM⚠ unverified₹972 Cr
5Tanfac Industries Ltd TANFACIND₹722 Cr
Revenue growthfastest growers
1Fischer Medical Ventures Ltd FISCHER100%
2Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified23%
3J.G.Chemicals Ltd JGCHEM⚠ unverified15%
4Tanfac Industries Ltd TANFACIND13%
5Ganesh Benzoplast Ltd GANESHBE⚠ unverified9.6%
Revenue · company comparison
9/9 level · 8/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Deepak Nitrite Ltd DEEPAKNTR₹2.1K Cr-2.8%Mar 2026
POCL Enterprises Ltd 539195₹332 Cr-11%Mar 2026
Archean Chemical Industries Ltd ACI₹301 Cr-13%Mar 2026
J.G.Chemicals Ltd JGCHEM⚠ unverified₹286 Cr28%Mar 2026
Tanfac Industries Ltd TANFACIND₹187 Cr6.3%Jun 2026
Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified₹163 Cr1.9%Mar 2026
Ganesh Benzoplast Ltd GANESHBE⚠ unverified₹111 Cr11%Mar 2026
Fischer Medical Ventures Ltd FISCHER₹98 Cr99%Mar 2026
Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified₹63 Cr26%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Archean Chemical Industries Ltd · ACI

₹307 Cr
₹373 Cr
₹400 Cr
₹293 Cr
₹365 Cr
₹382 Cr
₹343 Cr
₹290 Cr
₹413 Cr
₹284 Cr
₹213 Cr
₹240 Cr
₹242 Cr
₹346 Cr
₹292 Cr
₹233 Cr
₹255 Cr
₹301 Cr

Deepak Nitrite Ltd · DEEPAKNTR

₹1.7K Cr
₹1.7K Cr
₹1.9K Cr
₹2.1K Cr
₹2.0K Cr
₹2.0K Cr
₹2.0K Cr
₹1.8K Cr
₹1.8K Cr
₹2.0K Cr
₹2.1K Cr
₹2.2K Cr
₹2.0K Cr
₹1.9K Cr
₹2.2K Cr
₹1.9K Cr
₹1.9K Cr
₹2.0K Cr
₹2.1K Cr

Fischer Medical Ventures Ltd · FISCHER

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹21 Cr
₹10 Cr
₹40 Cr
₹12 Cr
₹49 Cr
₹23 Cr
₹86 Cr
₹101 Cr
₹98 Cr

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

₹96 Cr
₹99 Cr
₹134 Cr
₹122 Cr
₹103 Cr
₹106 Cr
₹146 Cr
₹88 Cr
₹98 Cr
₹89 Cr
₹100 Cr
₹96 Cr
₹99 Cr
₹105 Cr
₹111 Cr

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

₹55 Cr
₹56 Cr
₹55 Cr
₹47 Cr
₹44 Cr
₹45 Cr
₹50 Cr
₹38 Cr
₹38 Cr
₹50 Cr
₹54 Cr
₹58 Cr
₹41 Cr
₹63 Cr

J.G.Chemicals Ltd · JGCHEM⚠ unverified

₹194 Cr
₹172 Cr
₹153 Cr
₹161 Cr
₹181 Cr
₹203 Cr
₹212 Cr
₹209 Cr
₹224 Cr
₹218 Cr
₹220 Cr
₹248 Cr
₹286 Cr

POCL Enterprises Ltd · 539195

₹364 Cr
₹372 Cr
₹372 Cr
₹363 Cr
₹364 Cr
₹332 Cr

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

₹301 Cr
₹435 Cr
₹261 Cr
₹226 Cr
₹215 Cr
₹165 Cr
₹169 Cr
₹170 Cr
₹138 Cr
₹160 Cr
₹180 Cr
₹182 Cr
₹141 Cr
₹163 Cr

Tanfac Industries Ltd · TANFACIND

₹99 Cr
₹116 Cr
₹106 Cr
₹81 Cr
₹88 Cr
₹103 Cr
₹95 Cr
₹112 Cr
₹178 Cr
₹172 Cr
₹176 Cr
₹169 Cr
₹173 Cr
₹193 Cr
₹187 Cr

Revenue growth · reported quarter history

Archean Chemical Industries Ltd · ACI

111%
99%
19%
2.4%
-14%
-1.0%
13%
-26%
-38%
-17%
-41%
22%
37%
-2.9%
5.4%
-13%

Deepak Nitrite Ltd · DEEPAKNTR

35%
17%
16%
4.8%
-14%
-9.4%
0.9%
8.4%
23%
14%
-5.3%
2.5%
-13%
-6.4%
3.8%
-2.8%

Fischer Medical Ventures Ltd · FISCHER

11,450%
137%
132%
118%
760%
99%

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

7.3%
7.1%
9.0%
-28%
-4.9%
-16%
-32%
9.1%
1.0%
18%
11%

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

-21%
-20%
-9.1%
-19%
-14%
11%
8.0%
53%
7.9%
26%

J.G.Chemicals Ltd · JGCHEM⚠ unverified

-6.7%
18%
39%
30%
24%
7.4%
3.8%
19%
28%

POCL Enterprises Ltd · 539195

2.2%
-11%

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

-29%
-62%
-35%
-25%
-36%
-3.0%
6.5%
7.1%
2.2%
1.9%

Tanfac Industries Ltd · TANFACIND

-11%
-11%
-10%
38%
102%
67%
85%
51%
-2.8%
12%
6.3%
02 · compare level, then change

Operating Economics & Margin Trend

Indo Borax & Chemicals Ltd has the highest OPM among the 9 Chemicals - Inorganic companies compared here, at 20%. Deepak Nitrite Ltd is next at 18%. Deepak Nitrite Ltd has the highest Margin change at +3 percentage points, so level and change sit with different companies. 9 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Indo Borax & Chemicals Ltd leads opm at 20%; Deepak Nitrite Ltd leads margin change at +3 percentage points.

LeaderIndo Borax & Chemicals Ltd · 20%
Gap11.1% versus #2 · Deepak Nitrite Ltd
Persistence3/8 recent comparable periods
Coverage9/9 companies · 159 observations

Investor read: Indo Borax & Chemicals Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified20%
2Deepak Nitrite Ltd DEEPAKNTR18%
3Ganesh Benzoplast Ltd GANESHBE⚠ unverified18%
4Archean Chemical Industries Ltd ACI15%
5Tanfac Industries Ltd TANFACIND15%
Margin changefastest expanders
1Deepak Nitrite Ltd DEEPAKNTR+3.0 pp
2POCL Enterprises Ltd 5391950.0 pp
3Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified0.0 pp
4J.G.Chemicals Ltd JGCHEM⚠ unverified−1.0 pp
5Tanfac Industries Ltd TANFACIND−1.0 pp
Operating margin · company comparison
9/9 level · 9/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified20%0.0 ppMar 2026
Deepak Nitrite Ltd DEEPAKNTR18%+3.0 ppMar 2026
Ganesh Benzoplast Ltd GANESHBE⚠ unverified18%−14.0 ppMar 2026
Archean Chemical Industries Ltd ACI15%−11.0 ppMar 2026
Tanfac Industries Ltd TANFACIND15%−1.0 ppJun 2026
J.G.Chemicals Ltd JGCHEM⚠ unverified8.0%−1.0 ppMar 2026
Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified8.0%−3.0 ppMar 2026
POCL Enterprises Ltd 5391955.0%0.0 ppMar 2026
Fischer Medical Ventures Ltd FISCHER1.0%−4.1 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Archean Chemical Industries Ltd · ACI

42%
38%
43%
40%
40%
44%
51%
39%
33%
35%
31%
33%
31%
33%
26%
27%
27%
21%
15%

Deepak Nitrite Ltd · DEEPAKNTR

23%
20%
22%
17%
14%
16%
18%
12%
17%
15%
14%
14%
15%
9.0%
15%
10%
11%
11%
18%

Fischer Medical Ventures Ltd · FISCHER

78%
78%
79%
79%
12%
-2.1%
1.3%
3.2%
5.1%
18%
19%
21%
1.0%

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

13%
17%
17%
22%
21%
24%
17%
21%
25%
23%
14%
29%
25%
30%
32%
30%
22%
21%
18%

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

27%
25%
27%
28%
22%
32%
28%
22%
22%
21%
25%
33%
24%
27%
20%
23%
18%
21%
20%

J.G.Chemicals Ltd · JGCHEM⚠ unverified

11%
8.0%
3.0%
5.0%
9.0%
9.0%
11%
10%
11%
9.0%
9.0%
8.0%
9.0%
8.0%

POCL Enterprises Ltd · 539195

2.9%
1.2%
3.0%
3.4%
5.7%
2.2%
2.4%
3.2%
2.6%
3.9%
4.3%
4.0%
5.0%
6.0%
5.0%
4.0%
5.0%

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

12%
16%
10%
9.3%
9.9%
9.0%
15%
13%
12%
10%
16%
15%
17%
14%
11%
15%
15%
12%
8.0%

Tanfac Industries Ltd · TANFACIND

21%
24%
15%
16%
17%
23%
22%
23%
19%
17%
16%
16%
24%
28%
21%
16%
16%
15%
16%
15%

Margin change · reported quarter history

Archean Chemical Industries Ltd · ACI

+19.6 pp
+8.2 pp
−1.3 pp
+5.9 pp
+8.0 pp
−1.2 pp
−7.4 pp
−9.0 pp
−20.0 pp
−6.0 pp
−2.0 pp
−2.0 pp
−5.0 pp
−6.0 pp
−4.0 pp
−12.0 pp
−11.0 pp

Deepak Nitrite Ltd · DEEPAKNTR

−4.9 pp
−6.7 pp
−9.2 pp
−12.3 pp
−9.2 pp
−4.4 pp
−3.9 pp
−5.3 pp
+3.2 pp
−1.0 pp
−4.0 pp
+2.0 pp
−2.0 pp
−6.0 pp
+1.0 pp
−4.0 pp
−4.0 pp
+2.0 pp
+3.0 pp

Fischer Medical Ventures Ltd · FISCHER

−65.7 pp
−79.9 pp
−77.7 pp
−75.8 pp
−7.0 pp
+20.3 pp
+17.5 pp
+18.2 pp
−4.1 pp

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

−25.5 pp
−13.7 pp
−0.9 pp
−0.2 pp
+8.3 pp
+7.1 pp
−0.2 pp
−0.7 pp
+4.0 pp
−1.0 pp
−3.0 pp
+8.0 pp
0.0 pp
+7.0 pp
+18.0 pp
+1.0 pp
−3.0 pp
−9.0 pp
−14.0 pp

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

+0.4 pp
−3.5 pp
−7.7 pp
−1.2 pp
−4.8 pp
+7.8 pp
+0.6 pp
−6.5 pp
−0.4 pp
−11.3 pp
−3.0 pp
+11.0 pp
+2.0 pp
+6.0 pp
−5.0 pp
−10.0 pp
−6.0 pp
−6.0 pp
0.0 pp

J.G.Chemicals Ltd · JGCHEM⚠ unverified

−5.6 pp
+1.0 pp
+8.0 pp
+5.0 pp
+2.0 pp
0.0 pp
−2.0 pp
−2.0 pp
−2.0 pp
−1.0 pp

POCL Enterprises Ltd · 539195

−0.3 pp
−2.4 pp
+1.3 pp
+1.4 pp
+2.8 pp
+1.0 pp
−0.6 pp
−0.1 pp
−3.2 pp
+1.7 pp
+1.9 pp
+0.8 pp
+0.7 pp
+2.0 pp
0.0 pp

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

−5.6 pp
−1.7 pp
+1.7 pp
−0.2 pp
−2.0 pp
−6.8 pp
+4.7 pp
+3.7 pp
+2.1 pp
+1.0 pp
+1.0 pp
+2.0 pp
+5.0 pp
+4.0 pp
−5.0 pp
0.0 pp
−2.0 pp
−2.0 pp
−3.0 pp

Tanfac Industries Ltd · TANFACIND

−4.6 pp
−14.9 pp
+12.3 pp
−16.0 pp
−4.1 pp
−0.6 pp
+7.5 pp
+6.6 pp
+2.5 pp
−6.0 pp
−6.0 pp
−7.0 pp
+5.0 pp
+11.0 pp
+5.0 pp
0.0 pp
−8.0 pp
−13.0 pp
−5.0 pp
−1.0 pp
03 · compare level, then change

Profit Scale & Acceleration

Deepak Nitrite Ltd has the highest Net profit among the 9 Chemicals - Inorganic companies compared here, at ₹551 crore. Archean Chemical Industries Ltd is next at ₹105 crore. Fischer Medical Ventures Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Deepak Nitrite Ltd leads with ₹551 crore of TTM profit, 424.8% above Archean Chemical Industries Ltd. Fischer Medical Ventures Ltd shows ≥100% on the scoring scale (2508.4% uncapped) growth from a ₹31 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderDeepak Nitrite Ltd · ₹551 crore
Gap424.8% versus #2 · Archean Chemical Industries Ltd
Persistence3/8 recent comparable periods
Coverage9/9 companies · 133 observations

Investor read: Deepak Nitrite Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Deepak Nitrite Ltd DEEPAKNTR₹551 Cr
2Archean Chemical Industries Ltd ACI₹105 Cr
3Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified₹89 Cr
4Ganesh Benzoplast Ltd GANESHBE⚠ unverified₹73 Cr
5J.G.Chemicals Ltd JGCHEM⚠ unverified₹68 Cr
Profit growthfastest growers
1Fischer Medical Ventures Ltd FISCHER100%
2Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified19%
3J.G.Chemicals Ltd JGCHEM⚠ unverified1.5%
4Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified1.1%
5Deepak Nitrite Ltd DEEPAKNTR-21%
Net profit · company comparison
9/9 level · 7/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Deepak Nitrite Ltd DEEPAKNTR₹220 Cr8.9%Mar 2026
Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified₹20 Cr-9.1%Mar 2026
J.G.Chemicals Ltd JGCHEM⚠ unverified₹19 Cr19%Mar 2026
Tanfac Industries Ltd TANFACIND₹17 Cr-11%Jun 2026
Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified₹15 Cr50%Mar 2026
Ganesh Benzoplast Ltd GANESHBE⚠ unverified₹15 Cr-11%Mar 2026
POCL Enterprises Ltd 539195₹13 Cr18%Mar 2026
Archean Chemical Industries Ltd ACI₹12 Cr-78%Mar 2026
Fischer Medical Ventures Ltd FISCHER₹-7 Cr-642%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Archean Chemical Industries Ltd · ACI

₹49 Cr
₹82 Cr
₹84 Cr
₹64 Cr
₹98 Cr
₹137 Cr
₹94 Cr
₹66 Cr
₹102 Cr
₹58 Cr
₹45 Cr
₹16 Cr
₹48 Cr
₹54 Cr
₹40 Cr
₹29 Cr
₹24 Cr
₹12 Cr

Deepak Nitrite Ltd · DEEPAKNTR

₹254 Cr
₹242 Cr
₹267 Cr
₹235 Cr
₹174 Cr
₹209 Cr
₹234 Cr
₹150 Cr
₹205 Cr
₹202 Cr
₹254 Cr
₹203 Cr
₹194 Cr
₹98 Cr
₹202 Cr
₹112 Cr
₹119 Cr
₹100 Cr
₹220 Cr

Fischer Medical Ventures Ltd · FISCHER

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹-0 Cr
₹0 Cr
₹-0 Cr
₹0 Cr
₹-0 Cr
₹3 Cr
₹-0 Cr
₹0 Cr
₹-0 Cr
₹1 Cr
₹5 Cr
₹14 Cr
₹19 Cr
₹-7 Cr

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

₹14 Cr
₹15 Cr
₹15 Cr
₹15 Cr
₹16 Cr
₹16 Cr
₹14 Cr
₹16 Cr
₹16 Cr
₹18 Cr
₹-13 Cr
₹18 Cr
₹24 Cr
₹16 Cr
₹15 Cr

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

₹14 Cr
₹13 Cr
₹10 Cr
₹9 Cr
₹8 Cr
₹11 Cr
₹14 Cr
₹9 Cr
₹9 Cr
₹10 Cr
₹10 Cr
₹16 Cr
₹9 Cr
₹15 Cr

J.G.Chemicals Ltd · JGCHEM⚠ unverified

₹12 Cr
₹4 Cr
₹4 Cr
₹11 Cr
₹14 Cr
₹16 Cr
₹17 Cr
₹18 Cr
₹16 Cr
₹16 Cr
₹15 Cr
₹18 Cr
₹19 Cr

POCL Enterprises Ltd · 539195

₹6 Cr
₹11 Cr
₹11 Cr
₹8 Cr
₹9 Cr
₹13 Cr

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

₹24 Cr
₹71 Cr
₹24 Cr
₹18 Cr
₹17 Cr
₹20 Cr
₹19 Cr
₹25 Cr
₹22 Cr
₹22 Cr
₹22 Cr
₹23 Cr
₹24 Cr
₹20 Cr

Tanfac Industries Ltd · TANFACIND

₹16 Cr
₹22 Cr
₹18 Cr
₹11 Cr
₹10 Cr
₹13 Cr
₹11 Cr
₹19 Cr
₹35 Cr
₹23 Cr
₹19 Cr
₹17 Cr
₹16 Cr
₹18 Cr
₹17 Cr

Profit growth · reported quarter history

Archean Chemical Industries Ltd · ACI

925%
342%
100%
67%
12%
3.1%
4.1%
-58%
-52%
-76%
-53%
-6.9%
-11%
81%
-50%
-78%

Deepak Nitrite Ltd · DEEPAKNTR

-22%
-32%
-14%
-12%
-36%
18%
-3.4%
8.6%
35%
-5.4%
-51%
-20%
-45%
-39%
2.0%
8.9%

Fischer Medical Ventures Ltd · FISCHER

2,058%
-49%
4,693%
-642%

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

14%
6.7%
-6.7%
6.7%
0.0%
13%
-193%
13%
50%
-11%

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

-42%
-15%
40%
0.0%
13%
-9.1%
-29%
78%
0.0%
50%

J.G.Chemicals Ltd · JGCHEM⚠ unverified

17%
300%
325%
64%
14%
0.0%
-12%
0.0%
19%

POCL Enterprises Ltd · 539195

83%
18%

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

-29%
-72%
-21%
39%
29%
10%
16%
-8.0%
9.1%
-9.1%

Tanfac Industries Ltd · TANFACIND

-38%
-41%
-39%
73%
250%
77%
73%
-11%
-54%
-22%
-11%
04 · compare level, then change

Capacity Spending & Returns On It

Archean Chemical Industries Ltd has the highest CAPEX among the 9 Chemicals - Inorganic companies compared here, at ₹21 crore. J.G.Chemicals Ltd is next at ₹1 crore. The same company also holds the highest CAPEX intensity, at 7.2%. 2 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Archean Chemical Industries Ltd reports ₹21 crore of CAPEX; Archean Chemical Industries Ltd has the highest covered intensity at 7.2%. Coverage is only 2 of 9 companies and 8 reported observations, so this is partial evidence—not a complete sector rank.

LeaderArchean Chemical Industries Ltd · ₹21 crore
Gap21× versus #2 · J.G.Chemicals Ltd
Persistence2/2 recent comparable periods
Coverage2/9 companies · 8 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Archean Chemical Industries Ltd ACI₹21 Cr
2J.G.Chemicals Ltd JGCHEM⚠ unverified₹1 Cr
CAPEX intensityhighest reinvestment intensity
1Archean Chemical Industries Ltd ACI7.2%
2J.G.Chemicals Ltd JGCHEM⚠ unverified0.6%
Capital expenditure · company comparison
2/9 level · 2/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
Archean Chemical Industries Ltd ACI₹21 Cr7.2%Mar 2026
J.G.Chemicals Ltd JGCHEM⚠ unverified₹1 Cr0.6%Mar 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Archean Chemical Industries Ltd · ACI

₹25 Cr
₹21 Cr

J.G.Chemicals Ltd · JGCHEM⚠ unverified

₹3 Cr
₹3 Cr
₹2 Cr
₹2 Cr
₹3 Cr
₹1 Cr

CAPEX intensity · reported quarter history

Archean Chemical Industries Ltd · ACI

6.3%
7.2%

J.G.Chemicals Ltd · JGCHEM⚠ unverified

1.0%
1.9%
0.6%
Annual capital allocation · 10-year view
9/9 capacity base · 9/9 OCF · 9/9 CAPEX · 9/9 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Archean Chemical Industries Ltd · ACI

₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.4K Cr
₹1.6K Cr

Deepak Nitrite Ltd · DEEPAKNTR

₹935 Cr
₹1.5K Cr
₹1.8K Cr
₹2.0K Cr
₹2.1K Cr
₹2.1K Cr
₹2.2K Cr
₹3.1K Cr
₹4.1K Cr
₹5.1K Cr

Fischer Medical Ventures Ltd · FISCHER

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹15 Cr
₹25 Cr
₹36 Cr

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

₹153 Cr
₹160 Cr
₹176 Cr
₹176 Cr
₹244 Cr
₹253 Cr
₹321 Cr
₹381 Cr
₹397 Cr
₹442 Cr

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

₹53 Cr
₹52 Cr
₹51 Cr
₹47 Cr
₹90 Cr
₹92 Cr
₹97 Cr
₹100 Cr
₹102 Cr
₹49 Cr

J.G.Chemicals Ltd · JGCHEM⚠ unverified

₹21 Cr
₹23 Cr
₹29 Cr
₹36 Cr
₹42 Cr
₹40 Cr
₹75 Cr

POCL Enterprises Ltd · 539195

₹45 Cr
₹48 Cr

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

₹187 Cr
₹164 Cr
₹134 Cr
₹130 Cr
₹119 Cr
₹128 Cr
₹135 Cr
₹132 Cr

Tanfac Industries Ltd · TANFACIND

₹45 Cr
₹41 Cr
₹35 Cr
₹39 Cr
₹43 Cr
₹52 Cr
₹61 Cr
₹90 Cr
₹176 Cr
₹241 Cr

Operating cash flow · fiscal-year history

Archean Chemical Industries Ltd · ACI

₹315 Cr
₹496 Cr
₹379 Cr
₹176 Cr
₹140 Cr

Deepak Nitrite Ltd · DEEPAKNTR

₹49 Cr
₹183 Cr
₹60 Cr
₹765 Cr
₹1.0K Cr
₹824 Cr
₹650 Cr
₹874 Cr
₹625 Cr
₹539 Cr

Fischer Medical Ventures Ltd · FISCHER

₹-0 Cr
₹-0 Cr
₹0 Cr
₹0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-7 Cr
₹-87 Cr
₹-101 Cr

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

₹36 Cr
₹39 Cr
₹60 Cr
₹27 Cr
₹57 Cr
₹86 Cr
₹41 Cr
₹83 Cr
₹55 Cr
₹79 Cr

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

₹21 Cr
₹1 Cr
₹15 Cr
₹13 Cr
₹16 Cr
₹11 Cr
₹60 Cr
₹69 Cr
₹-104 Cr
₹87 Cr

J.G.Chemicals Ltd · JGCHEM⚠ unverified

₹41 Cr
₹-7 Cr
₹7 Cr
₹31 Cr
₹76 Cr
₹-11 Cr
₹44 Cr

POCL Enterprises Ltd · 539195

₹26 Cr

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

₹-8 Cr
₹99 Cr
₹71 Cr
₹60 Cr
₹141 Cr
₹140 Cr
₹65 Cr
₹39 Cr

Tanfac Industries Ltd · TANFACIND

₹16 Cr
₹17 Cr
₹37 Cr
₹22 Cr
₹37 Cr
₹44 Cr
₹43 Cr
₹34 Cr
₹33 Cr
₹43 Cr

CAPEX · reported cash flow · fiscal-year history

Archean Chemical Industries Ltd · ACI

₹112 Cr
₹132 Cr
₹318 Cr
₹211 Cr

Deepak Nitrite Ltd · DEEPAKNTR

₹353 Cr
₹661 Cr
₹285 Cr
₹394 Cr
₹233 Cr
₹179 Cr
₹324 Cr
₹990 Cr
₹1.2K Cr
₹1.2K Cr

Fischer Medical Ventures Ltd · FISCHER

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹15 Cr
₹12 Cr
₹14 Cr

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

₹12 Cr
₹19 Cr
₹28 Cr
₹13 Cr
₹83 Cr
₹24 Cr
₹85 Cr
₹80 Cr
₹38 Cr
₹69 Cr

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

₹31 Cr
₹0 Cr
₹0 Cr
₹-3 Cr
₹44 Cr
₹3 Cr
₹7 Cr
₹5 Cr
₹5 Cr
₹-50 Cr

J.G.Chemicals Ltd · JGCHEM⚠ unverified

₹4 Cr
₹9 Cr
₹10 Cr
₹11 Cr
₹3 Cr
₹40 Cr

POCL Enterprises Ltd · 539195

₹9 Cr

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

₹0 Cr
₹21 Cr
₹15 Cr
₹8 Cr
₹20 Cr
₹14 Cr
₹4 Cr

Tanfac Industries Ltd · TANFACIND

₹1 Cr
₹1 Cr
₹2 Cr
₹9 Cr
₹12 Cr
₹15 Cr
₹15 Cr
₹36 Cr
₹96 Cr
₹82 Cr

Free cash flow · fiscal-year history

Archean Chemical Industries Ltd · ACI

₹384 Cr
₹247 Cr
₹-142 Cr
₹-71 Cr

Deepak Nitrite Ltd · DEEPAKNTR

₹-304 Cr
₹-478 Cr
₹-225 Cr
₹371 Cr
₹769 Cr
₹645 Cr
₹326 Cr
₹-116 Cr
₹-609 Cr
₹-678 Cr

Fischer Medical Ventures Ltd · FISCHER

₹-0 Cr
₹-0 Cr
₹0 Cr
₹0 Cr
₹-0 Cr
₹-0 Cr
₹-0 Cr
₹-22 Cr
₹-99 Cr
₹-115 Cr

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

₹24 Cr
₹20 Cr
₹32 Cr
₹14 Cr
₹-26 Cr
₹62 Cr
₹-44 Cr
₹3 Cr
₹17 Cr
₹10 Cr

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

₹-10 Cr
₹1 Cr
₹15 Cr
₹16 Cr
₹-28 Cr
₹8 Cr
₹53 Cr
₹64 Cr
₹-109 Cr
₹137 Cr

J.G.Chemicals Ltd · JGCHEM⚠ unverified

₹-11 Cr
₹-2 Cr
₹21 Cr
₹65 Cr
₹-14 Cr
₹4 Cr

POCL Enterprises Ltd · 539195

₹17 Cr

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

₹-8 Cr
₹50 Cr
₹45 Cr
₹133 Cr
₹120 Cr
₹51 Cr
₹35 Cr

Tanfac Industries Ltd · TANFACIND

₹15 Cr
₹16 Cr
₹35 Cr
₹13 Cr
₹25 Cr
₹29 Cr
₹28 Cr
₹-2 Cr
₹-63 Cr
₹-39 Cr
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Indo Borax & Chemicals Ltd has the lowest Gross debt among the 9 Chemicals - Inorganic companies compared here, at ₹1 crore. J.G.Chemicals Ltd is next at ₹6 crore. Sree Rayalaseema Hi-Strength Hypo Ltd has the lowest Net debt at ₹427 crore net cash, so level and change sit with different companies.

What the numbers say: Sree Rayalaseema Hi-Strength Hypo Ltd has the clearest covered balance-sheet capacity with ₹427 crore net cash and gross debt of ₹12 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderIndo Borax & Chemicals Ltd · ₹1 crore
Gap83.3% versus #2 · J.G.Chemicals Ltd
Persistence8/8 recent comparable periods
Coverage9/9 companies · 128 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified₹1 Cr
2J.G.Chemicals Ltd JGCHEM⚠ unverified₹6 Cr
3Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified₹12 Cr
4Ganesh Benzoplast Ltd GANESHBE⚠ unverified₹76 Cr
5Tanfac Industries Ltd TANFACIND₹93 Cr
Net debtlowest net debt
1Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified₹-427 Cr
2Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified₹-210 Cr
3J.G.Chemicals Ltd JGCHEM⚠ unverified₹-154 Cr
4Ganesh Benzoplast Ltd GANESHBE⚠ unverified₹-11 Cr
5Fischer Medical Ventures Ltd FISCHER₹82 Cr
Debt and balance-sheet capacity · company comparison
9/9 level · 7/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Deepak Nitrite Ltd DEEPAKNTR₹1.6K Cr₹1.2K CrMar 2026
Archean Chemical Industries Ltd ACI₹466 Cr₹417 CrMar 2026
POCL Enterprises Ltd 539195₹134 CrMar 2026
Fischer Medical Ventures Ltd FISCHER₹107 Cr₹82 CrMar 2026
Tanfac Industries Ltd TANFACIND₹93 CrJun 2026
Ganesh Benzoplast Ltd GANESHBE⚠ unverified₹76 Cr₹-11 CrMar 2026
Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified₹12 Cr₹-427 CrMar 2026
J.G.Chemicals Ltd JGCHEM⚠ unverified₹6 Cr₹-154 CrMar 2026
Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified₹1 Cr₹-210 CrMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Archean Chemical Industries Ltd · ACI

₹897 Cr
₹966 Cr
₹69 Cr
₹69 Cr
₹64 Cr
₹64 Cr
₹98 Cr
₹98 Cr
₹152 Cr
₹152 Cr
₹235 Cr
₹235 Cr
₹281 Cr
₹281 Cr
₹466 Cr

Deepak Nitrite Ltd · DEEPAKNTR

₹409 Cr
₹409 Cr
₹315 Cr
₹315 Cr
₹270 Cr
₹270 Cr
₹73 Cr
₹73 Cr
₹67 Cr
₹67 Cr
₹286 Cr
₹286 Cr
₹857 Cr
₹857 Cr
₹1.3K Cr
₹1.3K Cr
₹1.2K Cr
₹1.2K Cr
₹1.6K Cr

Fischer Medical Ventures Ltd · FISCHER

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹1 Cr
₹1 Cr
₹2 Cr
₹2 Cr
₹1 Cr
₹1 Cr
₹85 Cr
₹85 Cr
₹30 Cr
₹37 Cr
₹107 Cr

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

₹50 Cr
₹50 Cr
₹26 Cr
₹26 Cr
₹64 Cr
₹64 Cr
₹62 Cr
₹62 Cr
₹58 Cr
₹58 Cr
₹57 Cr
₹57 Cr
₹61 Cr
₹61 Cr
₹64 Cr
₹64 Cr
₹52 Cr
₹52 Cr
₹76 Cr

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹10 Cr
₹10 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹1 Cr

J.G.Chemicals Ltd · JGCHEM⚠ unverified

₹94 Cr
₹54 Cr
₹54 Cr
₹70 Cr
₹70 Cr
₹25 Cr
₹14 Cr
₹14 Cr
₹13 Cr
₹13 Cr
₹0 Cr
₹0 Cr
₹5 Cr
₹5 Cr
₹6 Cr

POCL Enterprises Ltd · 539195

₹107 Cr
₹134 Cr

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

₹56 Cr
₹56 Cr
₹28 Cr
₹24 Cr
₹24 Cr
₹19 Cr
₹19 Cr
₹15 Cr
₹15 Cr
₹13 Cr
₹13 Cr
₹14 Cr
₹14 Cr
₹16 Cr
₹14 Cr
₹13 Cr
₹13 Cr
₹12 Cr

Tanfac Industries Ltd · TANFACIND

₹0 Cr
₹0 Cr
₹0 Cr
₹41 Cr
₹31 Cr
₹93 Cr

Net debt · reported quarter history

Archean Chemical Industries Ltd · ACI

₹842 Cr
₹862 Cr
₹-162 Cr
₹48 Cr
₹-322 Cr
₹-322 Cr
₹-297 Cr
₹-297 Cr
₹-312 Cr
₹-312 Cr
₹-20 Cr
₹-8 Cr
₹103 Cr
₹103 Cr
₹417 Cr

Deepak Nitrite Ltd · DEEPAKNTR

₹112 Cr
₹112 Cr
₹-162 Cr
₹-164 Cr
₹-217 Cr
₹-217 Cr
₹-342 Cr
₹-342 Cr
₹-472 Cr
₹-472 Cr
₹-297 Cr
₹-297 Cr
₹5 Cr
₹5 Cr
₹354 Cr
₹354 Cr
₹922 Cr
₹922 Cr
₹1.2K Cr

Fischer Medical Ventures Ltd · FISCHER

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹1 Cr
₹1 Cr
₹-36 Cr
₹-36 Cr
₹-4 Cr
₹-4 Cr
₹-166 Cr
₹-166 Cr
₹-6 Cr
₹-6 Cr
₹82 Cr

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

₹6 Cr
₹6 Cr
₹-22 Cr
₹-22 Cr
₹-5 Cr
₹-5 Cr
₹23 Cr
₹23 Cr
₹22 Cr
₹22 Cr
₹-42 Cr
₹-42 Cr
₹-25 Cr
₹-25 Cr
₹-38 Cr
₹-38 Cr
₹-53 Cr
₹-53 Cr
₹-11 Cr

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

₹-39 Cr
₹-40 Cr
₹-73 Cr
₹-73 Cr
₹-91 Cr
₹-91 Cr
₹-121 Cr
₹-121 Cr
₹-160 Cr
₹-159 Cr
₹-128 Cr
₹-128 Cr
₹-52 Cr
₹-85 Cr
₹-147 Cr
₹-147 Cr
₹-210 Cr

J.G.Chemicals Ltd · JGCHEM⚠ unverified

₹52 Cr
₹52 Cr
₹66 Cr
₹66 Cr
₹11 Cr
₹-165 Cr
₹-165 Cr
₹-151 Cr
₹-151 Cr
₹-144 Cr
₹-144 Cr
₹-147 Cr
₹-147 Cr
₹-154 Cr

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

₹-129 Cr
₹-129 Cr
₹14 Cr
₹-134 Cr
₹-134 Cr
₹-207 Cr
₹-210 Cr
₹-316 Cr
₹-316 Cr
₹-316 Cr
₹-321 Cr
₹-357 Cr
₹-357 Cr
₹-353 Cr
₹-360 Cr
₹-400 Cr
₹-400 Cr
₹-427 Cr
06 · compare level, then change

Return On Capital Employed

POCL Enterprises Ltd has the highest ROCE among the 9 Chemicals - Inorganic companies compared here, at 26.4%. Tanfac Industries Ltd is next at 23.7%. Fischer Medical Ventures Ltd has the highest ROCE change at +9.2 percentage points, so level and change sit with different companies. 9 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: POCL Enterprises Ltd leads ROCE at 26.4%, 2.7 percentage points above Tanfac Industries Ltd. Fischer Medical Ventures Ltd has the strongest latest improvement at +9.2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderPOCL Enterprises Ltd · 26.4%
Gap11.4% versus #2 · Tanfac Industries Ltd
PersistenceNot enough history
Coverage9/9 companies · 104 observations

Investor read: POCL Enterprises Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1POCL Enterprises Ltd 53919526%
2Tanfac Industries Ltd TANFACIND24%
3J.G.Chemicals Ltd JGCHEM⚠ unverified18%
4Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified15%
5Ganesh Benzoplast Ltd GANESHBE⚠ unverified15%
ROCE changefastest improvers
1Fischer Medical Ventures Ltd FISCHER+9.2 pp
2Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified−0.9 pp
3Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified−2.3 pp
4Deepak Nitrite Ltd DEEPAKNTR−2.9 pp
5J.G.Chemicals Ltd JGCHEM⚠ unverified−2.9 pp
Return on capital · company comparison
9/9 level · 8/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
J.G.Chemicals Ltd JGCHEM⚠ unverified14%−2.9 ppMar 2026
Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified12%−2.3 ppMar 2026
Deepak Nitrite Ltd DEEPAKNTR10%−2.9 ppMar 2026
Ganesh Benzoplast Ltd GANESHBE⚠ unverified9.9%−3.9 ppMar 2026
Fischer Medical Ventures Ltd FISCHER9.7%+9.2 ppMar 2026
Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified7.7%−0.9 ppMar 2026
Archean Chemical Industries Ltd ACI6.6%−4.1 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Archean Chemical Industries Ltd · ACI

26%
34%
36%
30%
35%
21%
21%
15%
13%
11%
11%
9.9%
10%
6.6%

Deepak Nitrite Ltd · DEEPAKNTR

44%
39%
32%
26%
23%
25%
19%
25%
17%
19%
13%
14%
9.8%
12%
10%

Fischer Medical Ventures Ltd · FISCHER

-138%
83%
54%
5.0%
8.4%
-4.5%
2.0%
3.5%
1.7%
8.1%
0.5%
6.2%
5.4%
22%
9.7%

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

17%
14%
15%
16%
22%
16%
20%
13%
17%
12%
17%
14%
10%
13%
11%
9.9%

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

28%
23%
23%
25%
20%
21%
15%
20%
15%
20%
14%
17%
12%
18%
12%

J.G.Chemicals Ltd · JGCHEM⚠ unverified

11%
22%
26%
33%
16%
10%
20%
16%
25%
17%
21%
15%
19%
14%

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

18%
22%
20%
20%
17%
20%
12%
13%
10%
14%
8.6%
13%
7.9%
12%
7.7%

ROCE change · reported quarter history

Archean Chemical Industries Ltd · ACI

+9.4 pp
−15.3 pp
−14.9 pp
−22.2 pp
−9.8 pp
−9.9 pp
−5.1 pp
−2.5 pp
−4.1 pp

Deepak Nitrite Ltd · DEEPAKNTR

−12.7 pp
−12.8 pp
−9.0 pp
−7.9 pp
−5.4 pp
−6.0 pp
−5.2 pp
−10.5 pp
−7.4 pp
−7.7 pp
−2.9 pp

Fischer Medical Ventures Ltd · FISCHER

+191.6 pp
−77.7 pp
−45.4 pp
−3.0 pp
−6.7 pp
+12.6 pp
−1.5 pp
+2.7 pp
+3.7 pp
+14.3 pp
+9.2 pp

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

−1.7 pp
+1.7 pp
+1.2 pp
−3.0 pp
−4.9 pp
−4.4 pp
−2.8 pp
+0.7 pp
−7.0 pp
+1.0 pp
−6.4 pp
−3.9 pp

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

−5.1 pp
+1.5 pp
−2.7 pp
−9.8 pp
−5.5 pp
−1.1 pp
−0.8 pp
−3.3 pp
−2.9 pp
−2.0 pp
−2.3 pp

J.G.Chemicals Ltd · JGCHEM⚠ unverified

−9.8 pp
−22.6 pp
+9.0 pp
+7.0 pp
+0.8 pp
−1.0 pp
−6.7 pp
−2.9 pp

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

+2.2 pp
−2.4 pp
−3.5 pp
−8.1 pp
−6.6 pp
−6.8 pp
−3.2 pp
+0.8 pp
−2.2 pp
−1.4 pp
−0.9 pp
07 · compare level, then change

Valuation Against Growth & Quality

Deepak Nitrite Ltd has the lowest Guarded PEG among the 9 Chemicals - Inorganic companies compared here, at 0.61×. Archean Chemical Industries Ltd is next at 0.83×. Sree Rayalaseema Hi-Strength Hypo Ltd has the lowest P/E at 8.18×, so level and change sit with different companies. 2 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Deepak Nitrite Ltd has the lowest comparable Guarded PEG at 0.61×, 26.5% below Archean Chemical Industries Ltd. Only 2 of 9 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderDeepak Nitrite Ltd · 0.61×
Gap26.5% versus #2 · Archean Chemical Industries Ltd
Persistence0/8 recent comparable periods
Coverage2/9 companies · 3 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Deepak Nitrite Ltd DEEPAKNTR0.6
2Archean Chemical Industries Ltd ACI0.8
P/Elowest P/E
1Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified8.2
2Ganesh Benzoplast Ltd GANESHBE⚠ unverified12.0
3POCL Enterprises Ltd 53919512.7
4J.G.Chemicals Ltd JGCHEM⚠ unverified30.1
5Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified36.8
Valuation · company comparison
2/9 level · 9/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Archean Chemical Industries Ltd ACI0.851.3Mar 2026
Deepak Nitrite Ltd DEEPAKNTR0.633.9Mar 2026
POCL Enterprises Ltd 53919511.2Mar 2026
Tanfac Industries Ltd TANFACIND68.5Jun 2026
Fischer Medical Ventures Ltd FISCHER63.9Mar 2026
J.G.Chemicals Ltd JGCHEM⚠ unverified19.8Mar 2026
Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified19.9Mar 2026
Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified7.2Mar 2026
Ganesh Benzoplast Ltd GANESHBE⚠ unverified6.8Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Archean Chemical Industries Ltd · ACI

0.8

Deepak Nitrite Ltd · DEEPAKNTR

2.7
0.6

P/E · reported quarter history

Archean Chemical Industries Ltd · ACI

27.1
33.5
27.6
17.7
20.3
20.7
27.4
31.8
32.3
32.1
44.4
44.9
38.2
51.3

Deepak Nitrite Ltd · DEEPAKNTR

34.6
31.9
27.9
23.0
27.8
29.5
28.4
34.8
37.7
42.4
36.6
45.3
49.0
44.3
39.2
38.8
41.5
45.3
33.9

Fischer Medical Ventures Ltd · FISCHER

-39.8
3,711.1
1,830.9
2,123.3
2,115.7
2,333.0
1,795.4
4,328.0
1,135.5
137.8
63.9

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

26.4
52.3
62.4
21.5
21.9
19.9
20.9
17.5
16.6
17.5
19.7
16.5
16.4
15.1
11.5
8.7
7.6
7.0
6.8

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

15.5
11.4
10.7
9.2
10.8
10.4
6.9
8.6
10.7
16.0
12.9
14.5
16.3
13.8
12.5
15.9
19.2
21.8
19.9

J.G.Chemicals Ltd · JGCHEM⚠ unverified

10.1
13.8
50.2
28.0
19.1
24.5
24.8
22.3
19.8

POCL Enterprises Ltd · 539195

21.0
18.1
11.2

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

8.8
8.2
10.3
6.9
11.4
7.1
5.8
8.0
7.3
7.0
6.3
10.9
15.8
15.8
9.5
12.5
10.2
9.4
7.2

Tanfac Industries Ltd · TANFACIND

17.3
13.5
12.4
9.2
20.5
23.4
24.5
34.4
29.4
36.0
31.6
41.0
43.9
56.2
37.1
41.7
47.9
44.1
51.3
68.5
08 · compare level, then change

Enterprise Value & Book Value

Sree Rayalaseema Hi-Strength Hypo Ltd has the lowest EV/EBITDA among the 9 Chemicals - Inorganic companies compared here, at 2.1×. Ganesh Benzoplast Ltd is next at 3.9×. The same company also holds the lowest P/BV, at 0.84×. 9 of 9 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Sree Rayalaseema Hi-Strength Hypo Ltd leads both ev/ebitda at 2.1× and p/bv at 0.84×.

LeaderSree Rayalaseema Hi-Strength Hypo Ltd · 2.1×
Gap46.2% versus #2 · Ganesh Benzoplast Ltd
Persistence0/8 recent comparable periods
Coverage9/9 companies · 131 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified2.1
2Ganesh Benzoplast Ltd GANESHBE⚠ unverified3.9
3POCL Enterprises Ltd 5391958.1
4Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified12.2
5J.G.Chemicals Ltd JGCHEM⚠ unverified12.8
P/BVlowest P/BV
1Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified0.8
2Ganesh Benzoplast Ltd GANESHBE⚠ unverified1.3
3POCL Enterprises Ltd 5391952.7
4Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified3.5
5Archean Chemical Industries Ltd ACI3.5
Enterprise and book valuation · company comparison
9/9 level · 9/9 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Tanfac Industries Ltd TANFACIND45.212.9Jun 2026
Fischer Medical Ventures Ltd FISCHER45.17.0Mar 2026
Archean Chemical Industries Ltd ACI24.84.0Mar 2026
Deepak Nitrite Ltd DEEPAKNTR19.63.3Mar 2026
J.G.Chemicals Ltd JGCHEM⚠ unverified12.82.5Mar 2026
Indo Borax & Chemicals Ltd INDOBORAX⚠ unverified12.22.2Mar 2026
POCL Enterprises Ltd 5391958.12.6Mar 2026
Ganesh Benzoplast Ltd GANESHBE⚠ unverified3.90.9Mar 2026
Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified2.10.7Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Archean Chemical Industries Ltd · ACI

15.3
18.6
15.6
11.2
12.9
13.6
17.2
19.6
19.7
18.3
24.1
24.5
19.9
24.8

Deepak Nitrite Ltd · DEEPAKNTR

22.4
20.7
18.2
15.3
18.0
18.9
18.3
22.4
23.9
27.1
23.4
28.5
30.6
27.7
23.7
22.9
24.6
26.1
19.6

Fischer Medical Ventures Ltd · FISCHER

2,036.5
1,428.7
1,423.5
1,584.9
1,149.3
1,196.8
462.0
81.5
45.1

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

7.2
9.2
9.8
11.4
11.6
11.7
11.8
10.1
10.3
10.5
12.7
10.0
9.2
8.4
6.2
5.3
4.6
4.1
3.9

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

11.2
8.2
7.6
6.5
6.7
6.6
4.4
5.6
7.0
9.7
7.3
8.8
9.6
8.0
7.0
9.0
10.9
13.1
12.2

J.G.Chemicals Ltd · JGCHEM⚠ unverified

8.8
11.5
27.6
17.8
11.4
14.9
15.6
14.4
12.8

POCL Enterprises Ltd · 539195

12.9
12.3
8.1

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

4.1
3.4
4.9
4.0
6.8
4.0
3.5
5.4
4.3
3.5
2.9
5.6
7.8
7.7
3.6
6.1
4.5
3.6
2.1

Tanfac Industries Ltd · TANFACIND

10.4
8.3
8.1
6.1
13.4
15.2
16.0
23.2
20.0
24.6
21.3
27.5
29.1
38.3
25.6
27.8
31.8
28.8
32.1
45.2

P/BV · reported quarter history

Archean Chemical Industries Ltd · ACI

5.6
4.6
5.1
5.1
5.3
4.8
5.0
4.6
3.6
4.2
4.6
3.4
4.0

Deepak Nitrite Ltd · DEEPAKNTR

14.4
12.0
10.8
10.5
7.6
7.4
7.5
8.9
7.1
7.8
6.7
8.3
8.2
6.9
5.3
5.6
4.7
4.4
3.3

Fischer Medical Ventures Ltd · FISCHER

-19.6
-14.3
-5.9
-5.0
-5.7
-5.0
-5.4
-112.8
8.4
28.8
41.2
41.9
41.8
46.0
59.1
50.6
66.4
7.7
7.0

Ganesh Benzoplast Ltd · GANESHBE⚠ unverified

2.3
2.5
2.6
3.1
2.6
2.9
3.6
3.4
2.8
2.7
3.0
2.7
2.1
1.8
1.4
1.4
1.2
1.0
0.9

Indo Borax & Chemicals Ltd · INDOBORAX⚠ unverified

3.5
2.5
2.2
1.9
1.8
1.9
1.6
2.0
2.5
2.7
1.9
2.2
2.4
1.9
1.7
2.3
2.5
2.4
2.2

J.G.Chemicals Ltd · JGCHEM⚠ unverified

1.7
2.3
4.0
3.7
2.7
3.9
3.5
2.8
2.5

POCL Enterprises Ltd · 539195

6.7
3.6
2.6

Sree Rayalaseema Hi-Strength Hypo Ltd · SRHHYPOLTD⚠ unverified

1.9
1.2
1.7
1.8
1.8
1.1
1.2
2.1
1.4
1.2
1.0
1.3
1.6
1.6
1.0
1.4
1.1
0.9
0.7

Tanfac Industries Ltd · TANFACIND

7.5
5.0
5.2
5.9
5.8
6.3
7.5
14.4
10.5
11.8
9.5
11.7
8.7
11.5
11.1
16.0
14.8
12.2
11.3
12.9
09 · let price answer last

Market action

Indo Borax & Chemicals Ltd has the strongest one-year price move in Chemicals - Inorganic at +88.7%. It also leads on Mansfield relative strength against NIFTY at +66.5%. 5 of 9 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Chemicals - Inorganic comparison names 6 specific ways its own evidence can mislead, all listed below. All 9 companies here report on comparable dates, so no rank carries a stale marker. 4 draw at least one figure from a second feed with too little overlap to cross-check. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 4 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
  • Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 9 companies in the canonical Chemicals - Inorganic membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Deepak Nitrite Ltd DEEPAKNTR₹22.5K Cr₹1,6502026-07-19Mar 2026Cross-checked
Archean Chemical Industries Ltd ACI₹6.9K Cr₹5552026-07-19Mar 2026Cross-checked
Tanfac Industries Ltd TANFACINDAHEAD23/26 WEEKS₹5.7K Cr₹2,7022026-07-19Jun 2026Primary source only
Fischer Medical Ventures Ltd FISCHERLAGGING, FUNDAMENTALS UP₹2.5K Cr₹37.92026-07-19Mar 2026Cross-checked
J.G.Chemicals Ltd JGCHEMAHEAD20/26 WEEKS⚠ unverified₹2.0K Cr₹5052026-07-19Mar 2026Includes unverified figures
Indo Borax & Chemicals Ltd INDOBORAXAHEAD21/26 WEEKS⚠ unverified₹1.3K Cr₹4162026-07-19Mar 2026Includes unverified figures
Sree Rayalaseema Hi-Strength Hypo Ltd SRHHYPOLTD⚠ unverified₹820 Cr₹4782026-07-19Mar 2026Includes unverified figures
Ganesh Benzoplast Ltd GANESHBE21/26 WEEKS⚠ unverified₹802 Cr₹1112026-07-19Mar 2026Includes unverified figures
POCL Enterprises Ltd 539195₹530 Cr₹1722026-07-19Mar 2026Primary source only
How each company's sources stand: 4 of 9 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 9 Chemicals - Inorganic companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing3 cross-checked · 6 unverified · 0 withheld, of 9 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Chemicals - Inorganic company comparison FAQs

These 18 answers restate the Chemicals - Inorganic comparison above in question form. Every one is computed from the same 9 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Chemicals - Inorganic index?

The Nifty Chemicals - Inorganic index tracks India's listed Chemicals - Inorganic companies as a single basket. This page follows the same 9 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Chemicals - Inorganic sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Chemicals - Inorganic stocks in India?

Ranked by this page's four-factor score, Indo Borax & Chemicals Ltd places first among 9 listed Chemicals - Inorganic companies, followed by J.G.Chemicals Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Chemicals - Inorganic stocks are listed in India?

This comparison covers 9 listed Chemicals - Inorganic companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Chemicals - Inorganic company is the biggest?

Deepak Nitrite Ltd is the largest, with trailing-twelve-month revenue of ₹7,887 crore, ahead of POCL Enterprises Ltd at ₹1,431 crore. That covers 9 of 9 companies with comparable reporting through Mar 2026.

Which Chemicals - Inorganic company is growing fastest?

Fischer Medical Ventures Ltd has the fastest revenue growth at 100% year on year, across 8 of 9 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Chemicals - Inorganic company has the best profit margins?

Indo Borax & Chemicals Ltd has the highest operating margin at 20%, from 9 of 9 comparable companies. Deepak Nitrite Ltd shows the biggest recent improvement, at +3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Chemicals - Inorganic company makes the most profit?

Deepak Nitrite Ltd earns the most, at ₹551 crore of trailing-twelve-month net profit, from 9 of 9 comparable companies. Fischer Medical Ventures Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Chemicals - Inorganic company earns the highest return on capital?

POCL Enterprises Ltd leads on return on capital employed at 26.4%, across 9 of 9 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Chemicals - Inorganic stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Deepak Nitrite Ltd screens cheapest at 0.61×. Only 2 of 9 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Chemicals - Inorganic company has the strongest balance sheet?

Indo Borax & Chemicals Ltd carries the lowest comparable gross debt at ₹1 crore, from 9 of 9 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Chemicals - Inorganic stock has the strongest price momentum?

Indo Borax & Chemicals Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Chemicals - Inorganic company scores highest for research priority?

Indo Borax & Chemicals Ltd scores 69.4 out of 100 with 82.8% evidence confidence, from 23.4 points on growth and earnings, 19.4 on capital efficiency, 6.6 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Chemicals - Inorganic companies does this comparison cover, and over what period?

It compares 9 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Chemicals - Inorganic sector?

The 9 Chemicals - Inorganic companies on this page carry ₹43,031 crore of combined market value. Deepak Nitrite Ltd is the largest at ₹22,499 crore, about 52% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

What is the Chemicals - Inorganic sector's P/E ratio?

The median price-to-earnings ratio across the 9 Chemicals - Inorganic companies on this page is 36.8×, measured on the 9 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-29.

How is the Chemicals - Inorganic sector performing?

5 of the 9 covered Chemicals - Inorganic companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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