20-quarter listed-company comparison

Speciality Chemicals Stocks in India

Speciality Chemicals: Pidilite Industries Ltd owns the largest revenue base; Amal Ltd has the fastest current growth.

The 13 Speciality Chemicals companies listed in India are Pidilite Industries Ltd (₹1.5 L Cr, the largest), Privi Speciality Chemicals Ltd, Anupam Rasayan India Ltd and 10 more. 7 of 13 covered companies beat NIFTY 500 on relative strength. Readings are as of 28 Sep 2026.

Top 10 Speciality Chemicals Stocks in India (Sep 2026) — ranked by 4-Factor score

1Panama Petrochem Ltd₹2.9K Cr75.6/100Favorable setup · strongest on PEG and relative strength versus sector
2Sunshield Chemicals Ltd₹996 Cr70.7/100Favorable setup · strongest on profit growth and ROCE improvement
3Privi Speciality Chemicals Ltd₹14.0K Cr63.8/100Mixed-positive evidence · strongest on ROCE improvement and ROCE
4Black Rose Industries Ltd₹591 Cr63.2/100Mixed-positive evidence · strongest on own-history P/E and profit growth
5Pidilite Industries Ltd₹1.5 L Cr56.9/100Mixed-positive evidence · strongest on ROCE and ROCE improvement
6Chemcon Speciality Chemicals Ltd₹835 Cr50.2/100Mixed-positive evidence · strongest on margin improvement and relative strength versus the benchmark
7Vinati Organics Ltd₹12.5K Cr46.2/100Mixed-negative evidence · strongest on own-history P/E and ROCE
8Fineotex Chemical Ltd₹2.6K Cr45.3/100Thin evidence · provisional · strongest on ROCE and relative strength versus sector
9Amal Ltd₹810 Cr44.4/100Mixed-negative evidence · strongest on ROCE and revenue growth
10Anupam Rasayan India Ltd₹13.6K Cr43.2/100Mixed-negative evidence · strongest on revenue growth and operating margin

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 25 Sep 2026. Not investment advice.

01 · the index people search for

Nifty Speciality Chemicals Index — Constituents & Performance

All 13 listed Indian Speciality Chemicals companies are named here, largest first — the same constituent set people search for as the Nifty Speciality Chemicals index. Every figure is equal-weighted across those companies and carries its own as-of date. One large constituent cannot set the reading.

02 · the sector itself · before any single company

How has Speciality Chemicals moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 32% ahead of NIFTY 500. Earnings across its companies grew 9% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 24 weeks running.

LEADER · ahead 24w✓Price and the fundamentals both up19 of 28 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑24w · 23/28 >200d (−2) · 19/28 lead (+0) · EPS 22/28↑

Speciality Chemicals, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

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 28 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.

03 · sector relative strength, before individual stocks

Is Speciality Chemicals outperforming NIFTY 500?

Speciality Chemicals has underperformed NIFTY 500 by 2% over the last 52 weeks. Over 13 weeks the gap is a lead of 5.7%. 7 of 13 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Panama Petrochem Ltd is the strongest against the sector itself at +32.7%.

+5.7%Sector vs NIFTY 500 · 13 weeks

-2.0%Sector vs NIFTY 500 · 52 weeks

7/13Stocks leading NIFTY 500

4/12Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

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

Speciality Chemicals has underperformed NIFTY 500 by 2% over 52 weeks and 5.7% over 13 weeks. 7 of 13 covered companies beat NIFTY on Mansfield relative strength, while 4 of 12 beat the sector itself. Pidilite Industries Ltd leads with revenue of ₹15,399 crore, based on 13 of 13 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

₹2.1 L Cr

Pidilite Industries Ltd

Revenue growing

10/13

positive TTM year-on-year growth

Beating NIFTY 500

7/13

positive Mansfield relative strength

Comparing 5 of 13

04 · 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%

Panama Petrochem Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.

Vinati Organics Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Panama Petrochem LtdPANAMAPET	75.6/100Favorable setup100% evidence	TURNING	27.5/35 Revenue 45.9% · PAT 100% · OPM change 14 pp 100% evidence	12.4/25 ROCE 19.2% · OPM 22% 100% evidence	17.0/20 P/E 6× · PEG 0.55 100% evidence	18.7/20 RS sector 32.7% · RS bench 42.4% · 1Y 60.1%11 of 12 weeks ahead 100% evidence
Exact sum: 27.5 + 12.4 + 17 + 18.7 = 75.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Sunshield Chemicals LtdSUNSHIEL	70.7/100Favorable setup76% evidence		28.3/35 Revenue 12.9% · PAT 100% · OPM change 5 pp 95% evidence	15.1/25 ROCE 19.9% · OPM 16% 76% evidence	11.6/20 P/E 27.5× · PEG — 50% evidence	15.7/20 RS sector 8% · RS bench 16.7% · 1Y 16.9%0 of 12 weeks ahead 70% evidence
Exact sum: 28.3 + 15.1 + 11.6 + 15.7 = 70.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Privi Speciality Chemicals LtdPRIVISCL	63.8/100Mixed-positive evidence75% evidence	BREAKING OUT	26.0/35 Revenue 21.6% · PAT 62.1% · OPM change -1 pp 95% evidence	16.9/25 ROCE 22.3% · OPM 23% 76% evidence	9.0/20 P/E 40.1× · PEG — 15% evidence	11.9/20 RS sector 7.7% · RS bench 16.2% · 1Y 46.8%5 of 12 weeks ahead 100% evidence
Exact sum: 26 + 16.9 + 9 + 11.9 = 63.8 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
4Black Rose Industries LtdBLACKROSE	63.2/100Mixed-positive evidence72% evidence	ASLEEP	22.9/35 Revenue 8.6% · PAT 28.6% · OPM change 6 pp 95% evidence	14.3/25 ROCE 18.7% · OPM 16% 95% evidence	14.0/20 P/E 20.6× · PEG — 50% evidence	12.0/20 RS sector — · RS bench 20.8% · 1Y —5 of 8 weeks ahead 25% evidence
Exact sum: 22.9 + 14.3 + 14 + 12 = 63.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Pidilite Industries LtdPIDILITIND	56.9/100Mixed-positive evidence100% evidence	FADING	23.9/35 Revenue 14.1% · PAT 21.5% · OPM change 1 pp 100% evidence	21.1/25 ROCE 31% · OPM 26% 100% evidence	3.0/20 P/E 58.4× · PEG 3.8 100% evidence	8.9/20 RS sector -3.6% · RS bench 4% · 1Y -0.5%9 of 12 weeks ahead 100% evidence
Exact sum: 23.9 + 21.1 + 3 + 8.9 = 56.9 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
6Chemcon Speciality Chemicals LtdCHEMCON	50.2/100Mixed-positive evidence81% evidence	TURNING	21.3/35 Revenue 16.7% · PAT 12% · OPM change 8 pp 95% evidence	10.7/25 ROCE 6.3% · OPM 23% 95% evidence	9.4/20 P/E 29.6× · PEG — 50% evidence	8.8/20 RS sector -21.6% · RS bench 21.2% · 1Y -1.1%7 of 11 weeks ahead 70% evidence
Exact sum: 21.3 + 10.7 + 9.4 + 8.8 = 50.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Vinati Organics LtdVINATIORGA	46.2/100Mixed-negative evidence82% evidence	ASLEEP	12.3/35 Revenue 5.1% · PAT 5.7% · OPM change -5 pp 95% evidence	16.1/25 ROCE 19.8% · OPM 24% 76% evidence	13.6/20 P/E 27.9× · PEG — 50% evidence	4.2/20 RS sector -20.2% · RS bench -13.8% · 1Y -30.5%0 of 12 weeks ahead 100% evidence
Exact sum: 12.3 + 16.1 + 13.6 + 4.2 = 46.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
8Fineotex Chemical Ltd533333	45.3/100Thin evidence · provisional57% evidence		10.3/35 Revenue -9.3% · PAT -18.2% · OPM change -4 pp 53% evidence	17.2/25 ROCE 25.4% · OPM 23% 57% evidence	8.1/20 P/E 28.3× · PEG — 50% evidence	9.7/20 RS sector 0.9% · RS bench -9% · 1Y -7%0 of 12 weeks ahead to 2026-03-08 70% evidence
Exact sum: 10.3 + 17.2 + 8.1 + 9.7 = 45.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
9Amal LtdAMAL	44.4/100Mixed-negative evidence69% evidence		8.5/35 Revenue 79% · PAT -23.1% · OPM change -7 pp 95% evidence	16.4/25 ROCE 26% · OPM 18% 76% evidence	10.7/20 P/E 27.3× · PEG — 15% evidence	8.8/20 RS sector -17.5% · RS bench 14.4% · 1Y -17.4%0 of 12 weeks ahead 70% evidence
Exact sum: 8.5 + 16.4 + 10.7 + 8.8 = 44.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Anupam Rasayan India LtdANURAS	43.2/100Mixed-negative evidence82% evidence	ASLEEP	21.1/35 Revenue 51.7% · PAT 14.8% · OPM change -1 pp 95% evidence	10.5/25 ROCE 7.4% · OPM 25% 76% evidence	6.1/20 P/E 77.7× · PEG — 50% evidence	5.5/20 RS sector -9.9% · RS bench -2.4% · 1Y 10.6%0 of 12 weeks ahead 100% evidence
Exact sum: 21.1 + 10.5 + 6.1 + 5.5 = 43.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Platinum Industries LtdPLATIND	41.3/100Mixed-negative evidence74% evidence	ASLEEP	13.3/35 Revenue 9.6% · PAT 6.5% · OPM change -1 pp 95% evidence	10.5/25 ROCE 15.7% · OPM 12% 95% evidence	11.0/20 P/E 22.8× · PEG — 15% evidence	6.5/20 RS sector -10.5% · RS bench -8% · 1Y -34.7%0 of 11 weeks ahead 70% evidence
Exact sum: 13.3 + 10.5 + 11 + 6.5 = 41.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12Clean Science & Technology LtdCLEAN	34.3/100Adverse evidence94% evidence	BREAKING OUT	5.6/35 Revenue -0.4% · PAT -13.8% · OPM change -5 pp 100% evidence	17.1/25 ROCE 20.7% · OPM 36% 100% evidence	6.4/20 P/E 36.8× · PEG 6.24 100% evidence	5.2/20 RS sector -24.4% · RS bench -0.3% · 1Y -31.5%4 of 11 weeks ahead 70% evidence
Exact sum: 5.6 + 17.1 + 6.4 + 5.2 = 34.3 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
13Thirumalai Chemicals LtdTIRUMALCHM	30.7/100Adverse evidence69% evidence	TURNING	13.2/35 Revenue -5.8% · PAT -36.9% · OPM change 12 pp 71% evidence	1.0/25 ROCE -3.1% · OPM 6% 95% evidence	10.0/20 P/E — · PEG — 0% evidence	6.5/20 RS sector -24% · RS bench -18% · 1Y -50.4%0 of 12 weeks ahead 100% evidence
Exact sum: 13.2 + 1 + 10 + 6.5 = 30.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

Showing 10 of 13 companies

05 · what price has already done

Market action

Panama Petrochem Ltd has the strongest one-year price move in Speciality Chemicals at +60.1%. It also leads on Mansfield relative strength against NIFTY at +42.4%. 7 of 13 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-09-25.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · the story behind the numbers

Speciality Chemicals — the story behind the numbers

This is the written read behind the Speciality Chemicals figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 22 Aug 2026. It also states what would change this read.

How old this read is: This read comes from our fortnightly sector read dated 22 Aug 2026 — 37 days old. The numbers above it are newer than the words here.

What would change this read

The September-2026 quarter, which is the first print with the expensive inventory actually in the cost of goods sold and no timing benefit left.

Sources: our fortnightly Speciality Chemicals read, 22 Aug 2026.

07 · compare level, then change

Revenue Scale & Growth Durability

Pidilite Industries Ltd has the highest Revenue among the 13 Speciality Chemicals companies compared here, at ₹15,399 crore. Panama Petrochem Ltd is next at ₹4,106 crore. Amal Ltd has the highest Revenue growth at 79%, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Pidilite Industries Ltd is the scale leader at ₹15,399 crore, 275% ahead of Panama Petrochem Ltd. Amal Ltd's growth is 79% from a ₹290 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderPidilite Industries Ltd · ₹15,399 crore

Gap275% versus #2 · Panama Petrochem Ltd

Persistence8/8 recent comparable periods

Coverage13/13 companies · 209 observations

Investor read: Pidilite Industries Ltd is the scale benchmark; Amal Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Pidilite Industries Ltd's growth falls below Amal 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

1Pidilite Industries Ltd PIDILITIND₹15.4K Cr

2Panama Petrochem Ltd PANAMAPET₹4.1K Cr

3Privi Speciality Chemicals Ltd PRIVISCL₹2.7K Cr

4Anupam Rasayan India Ltd ANURAS₹2.5K Cr

5Vinati Organics Ltd VINATIORGA₹2.4K Cr

Revenue growthfastest growers

1Amal Ltd AMAL79%

2Anupam Rasayan India Ltd ANURAS52%

3Panama Petrochem Ltd PANAMAPET46%

4Privi Speciality Chemicals Ltd PRIVISCL22%

5Chemcon Speciality Chemicals Ltd CHEMCON⚠ unverified17%

Revenue · company comparison

13/13 level · 13/13 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
Pidilite Industries Ltd PIDILITIND	₹4.6K Cr	21%	Jun 2026
Panama Petrochem Ltd PANAMAPET	₹1.7K Cr	150%	Jun 2026
Vinati Organics Ltd VINATIORGA	₹696 Cr	28%	Jun 2026
Privi Speciality Chemicals Ltd PRIVISCL	₹666 Cr	19%	Jun 2026
Anupam Rasayan India Ltd ANURAS	₹655 Cr	35%	Jun 2026
Thirumalai Chemicals Ltd TIRUMALCHM⚠ unverified	₹547 Cr	22%	Jun 2026
Clean Science & Technology Ltd CLEAN	₹268 Cr	10%	Jun 2026
Sunshield Chemicals Ltd SUNSHIEL	₹127 Cr	11%	Jun 2026
Platinum Industries Ltd PLATIND⚠ unverified	₹109 Cr	-5.2%	Jun 2026
Amal Ltd AMAL	₹97 Cr	106%	Jun 2026
Fineotex Chemical Ltd 533333	₹96 Cr	-12%	Dec 2025
Black Rose Industries Ltd BLACKROSE	₹89 Cr	48%	Jun 2026
Chemcon Speciality Chemicals Ltd CHEMCON⚠ unverified	₹66 Cr	22%	Jun 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amal Ltd · AMAL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹18 Cr

Mar 2023₹17 Cr

Jun 2023₹17 Cr

Sep 2023₹22 Cr

Dec 2023₹26 Cr

Mar 2024₹21 Cr

Jun 2024₹21 Cr

Sep 2024₹30 Cr

Dec 2024₹46 Cr

Mar 2025₹39 Cr

Jun 2025₹47 Cr

Sep 2025₹54 Cr

Dec 2025₹63 Cr

Mar 2026₹76 Cr

Jun 2026₹97 Cr

Anupam Rasayan India Ltd · ANURAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹393 Cr

Dec 2022₹392 Cr

Mar 2023₹480 Cr

Jun 2023₹386 Cr

Sep 2023₹392 Cr

Dec 2023₹296 Cr

Mar 2024₹401 Cr

Jun 2024₹254 Cr

Sep 2024₹294 Cr

Dec 2024₹390 Cr

Mar 2025₹500 Cr

Jun 2025₹486 Cr

Sep 2025₹731 Cr

Dec 2025₹512 Cr

Mar 2026₹636 Cr

Jun 2026₹655 Cr

Chemcon Speciality Chemicals Ltd · CHEMCON⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹76 Cr

Mar 2023₹79 Cr

Jun 2023₹79 Cr

Sep 2023₹75 Cr

Dec 2023₹53 Cr

Mar 2024₹60 Cr

Jun 2024₹46 Cr

Sep 2024₹53 Cr

Dec 2024₹54 Cr

Mar 2025₹55 Cr

Jun 2025₹54 Cr

Sep 2025₹54 Cr

Dec 2025₹57 Cr

Mar 2026₹75 Cr

Jun 2026₹66 Cr

Clean Science & Technology Ltd · CLEAN

Sep 2021₹153 Cr

Dec 2021₹181 Cr

Mar 2022₹205 Cr

Jun 2022₹234 Cr

Sep 2022₹248 Cr

Dec 2022₹237 Cr

Mar 2023₹217 Cr

Jun 2023₹188 Cr

Sep 2023₹181 Cr

Dec 2023₹195 Cr

Mar 2024₹228 Cr

Jun 2024₹224 Cr

Sep 2024₹238 Cr

Dec 2024₹241 Cr

Mar 2025₹264 Cr

Jun 2025₹243 Cr

Sep 2025₹245 Cr

Dec 2025₹220 Cr

Mar 2026₹249 Cr

Jun 2026₹268 Cr

Fineotex Chemical Ltd · 533333

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹76 Cr

Dec 2022₹67 Cr

Mar 2023₹92 Cr

Jun 2023₹88 Cr

Sep 2023₹104 Cr

Dec 2023₹108 Cr

Mar 2024₹118 Cr

Jun 2024₹107 Cr

Sep 2024₹115 Cr

Dec 2024₹109 Cr

Mar 2025₹108 Cr

Jun 2025₹98 Cr

Sep 2025₹105 Cr

Dec 2025₹96 Cr

Mar 2026—

Jun 2026—

Panama Petrochem Ltd · PANAMAPET

Sep 2021₹563 Cr

Dec 2021₹509 Cr

Mar 2022₹508 Cr

Jun 2022₹552 Cr

Sep 2022₹462 Cr

Dec 2022₹573 Cr

Mar 2023₹510 Cr

Jun 2023₹530 Cr

Sep 2023₹574 Cr

Dec 2023₹512 Cr

Mar 2024₹741 Cr

Jun 2024₹671 Cr

Sep 2024₹699 Cr

Dec 2024₹728 Cr

Mar 2025₹695 Cr

Jun 2025₹693 Cr

Sep 2025₹773 Cr

Dec 2025₹775 Cr

Mar 2026₹823 Cr

Jun 2026₹1.7K Cr

Pidilite Industries Ltd · PIDILITIND

Sep 2021₹2.6K Cr

Dec 2021₹2.9K Cr

Mar 2022₹2.5K Cr

Jun 2022₹3.1K Cr

Sep 2022₹3.0K Cr

Dec 2022₹3.0K Cr

Mar 2023₹2.7K Cr

Jun 2023₹3.3K Cr

Sep 2023₹3.1K Cr

Dec 2023₹3.1K Cr

Mar 2024₹2.9K Cr

Jun 2024₹3.4K Cr

Sep 2024₹3.2K Cr

Dec 2024₹3.4K Cr

Mar 2025₹3.1K Cr

Jun 2025₹3.8K Cr

Sep 2025₹3.6K Cr

Dec 2025₹3.7K Cr

Mar 2026₹3.6K Cr

Jun 2026₹4.6K Cr

Platinum Industries Ltd · PLATIND⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹65 Cr

Mar 2023₹60 Cr

Jun 2023₹62 Cr

Sep 2023₹61 Cr

Dec 2023₹61 Cr

Mar 2024₹80 Cr

Jun 2024₹103 Cr

Sep 2024₹100 Cr

Dec 2024₹93 Cr

Mar 2025₹97 Cr

Jun 2025₹115 Cr

Sep 2025₹98 Cr

Dec 2025₹105 Cr

Mar 2026₹132 Cr

Jun 2026₹109 Cr

Privi Speciality Chemicals Ltd · PRIVISCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹420 Cr

Mar 2023₹399 Cr

Jun 2023₹409 Cr

Sep 2023₹455 Cr

Dec 2023₹404 Cr

Mar 2024₹484 Cr

Jun 2024₹464 Cr

Sep 2024₹533 Cr

Dec 2024₹491 Cr

Mar 2025₹614 Cr

Jun 2025₹559 Cr

Sep 2025₹679 Cr

Dec 2025₹605 Cr

Mar 2026₹722 Cr

Jun 2026₹666 Cr

Sunshield Chemicals Ltd · SUNSHIEL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹51 Cr

Mar 2023₹66 Cr

Jun 2023₹67 Cr

Sep 2023₹66 Cr

Dec 2023₹65 Cr

Mar 2024₹86 Cr

Jun 2024₹78 Cr

Sep 2024₹93 Cr

Dec 2024₹85 Cr

Mar 2025₹110 Cr

Jun 2025₹114 Cr

Sep 2025₹122 Cr

Dec 2025₹95 Cr

Mar 2026₹110 Cr

Jun 2026₹127 Cr

Thirumalai Chemicals Ltd · TIRUMALCHM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹508 Cr

Mar 2023₹431 Cr

Jun 2023₹523 Cr

Sep 2023₹542 Cr

Dec 2023₹492 Cr

Mar 2024₹527 Cr

Jun 2024₹555 Cr

Sep 2024₹525 Cr

Dec 2024₹447 Cr

Mar 2025₹523 Cr

Jun 2025₹450 Cr

Sep 2025₹445 Cr

Dec 2025₹416 Cr

Mar 2026₹424 Cr

Jun 2026₹547 Cr

Vinati Organics Ltd · VINATIORGA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹517 Cr

Mar 2023₹519 Cr

Jun 2023₹439 Cr

Sep 2023₹463 Cr

Dec 2023₹448 Cr

Mar 2024₹550 Cr

Jun 2024₹525 Cr

Sep 2024₹553 Cr

Dec 2024₹522 Cr

Mar 2025₹648 Cr

Jun 2025₹542 Cr

Sep 2025₹550 Cr

Dec 2025₹531 Cr

Mar 2026₹604 Cr

Jun 2026₹696 Cr

Revenue growth · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amal Ltd · AMAL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202343%

Mar 202421%

Jun 202424%

Sep 202436%

Dec 202477%

Mar 202586%

Jun 2025124%

Sep 202580%

Dec 202537%

Mar 202695%

Jun 2026106%

Anupam Rasayan India Ltd · ANURAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023-0.3%

Dec 2023-24%

Mar 2024-16%

Jun 2024-34%

Sep 2024-25%

Dec 202432%

Mar 202525%

Jun 202591%

Sep 2025149%

Dec 202531%

Mar 202627%

Jun 202635%

Chemcon Speciality Chemicals Ltd · CHEMCON⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-31%

Mar 2024-24%

Jun 2024-42%

Sep 2024-29%

Dec 20241.9%

Mar 2025-8.3%

Jun 202517%

Sep 20251.9%

Dec 20255.6%

Mar 202636%

Jun 202622%

Clean Science & Technology Ltd · CLEAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202260%

Sep 202262%

Dec 202231%

Mar 20235.9%

Jun 2023-20%

Sep 2023-27%

Dec 2023-18%

Mar 20245.1%

Jun 202419%

Sep 202431%

Dec 202424%

Mar 202516%

Jun 20258.5%

Sep 20252.9%

Dec 2025-8.7%

Mar 2026-5.7%

Jun 202610%

Fineotex Chemical Ltd · 533333

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 202337%

Dec 202361%

Mar 202428%

Jun 202422%

Sep 202411%

Dec 20240.9%

Mar 2025-8.5%

Jun 2025-8.4%

Sep 2025-8.7%

Dec 2025-12%

Mar 2026—

Jun 2026—

Panama Petrochem Ltd · PANAMAPET

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20220.2%

Sep 2022-18%

Dec 202213%

Mar 20230.4%

Jun 2023-4.0%

Sep 202324%

Dec 2023-11%

Mar 202445%

Jun 202427%

Sep 202422%

Dec 202442%

Mar 2025-6.2%

Jun 20253.3%

Sep 202511%

Dec 20256.5%

Mar 202618%

Jun 2026150%

Pidilite Industries Ltd · PIDILITIND

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202260%

Sep 202215%

Dec 20225.2%

Mar 20237.3%

Jun 20235.6%

Sep 20232.2%

Dec 20234.4%

Mar 20247.9%

Jun 20243.7%

Sep 20245.2%

Dec 20247.6%

Mar 20258.2%

Jun 202511%

Sep 20259.9%

Dec 202510%

Mar 202614%

Jun 202621%

Platinum Industries Ltd · PLATIND⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-6.2%

Mar 202433%

Jun 202466%

Sep 202464%

Dec 202452%

Mar 202521%

Jun 202512%

Sep 2025-2.0%

Dec 202513%

Mar 202636%

Jun 2026-5.2%

Privi Speciality Chemicals Ltd · PRIVISCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-3.8%

Mar 202421%

Jun 202413%

Sep 202417%

Dec 202422%

Mar 202527%

Jun 202520%

Sep 202527%

Dec 202523%

Mar 202618%

Jun 202619%

Sunshield Chemicals Ltd · SUNSHIEL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202327%

Mar 202429%

Jun 202416%

Sep 202441%

Dec 202431%

Mar 202528%

Jun 202546%

Sep 202531%

Dec 202512%

Mar 20260.0%

Jun 202611%

Thirumalai Chemicals Ltd · TIRUMALCHM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-3.2%

Mar 202422%

Jun 20246.1%

Sep 2024-3.1%

Dec 2024-9.2%

Mar 2025-0.8%

Jun 2025-19%

Sep 2025-15%

Dec 2025-6.9%

Mar 2026-19%

Jun 202622%

Vinati Organics Ltd · VINATIORGA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-13%

Mar 20246.0%

Jun 202420%

Sep 202419%

Dec 202417%

Mar 202518%

Jun 20253.2%

Sep 2025-0.5%

Dec 20251.7%

Mar 2026-6.8%

Jun 202628%

08 · compare level, then change

Operating Economics & Margin Trend

Clean Science & Technology Ltd has the highest OPM among the 13 Speciality Chemicals companies compared here, at 36%. Pidilite Industries Ltd is next at 26%. Panama Petrochem Ltd has the highest Margin change at +14 percentage points, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Clean Science & Technology Ltd leads opm at 36%; Panama Petrochem Ltd leads margin change at +14 percentage points.

LeaderClean Science & Technology Ltd · 36%

Gap38.5% versus #2 · Pidilite Industries Ltd

Persistence0/8 recent comparable periods

Coverage13/13 companies · 253 observations

Investor read: Clean Science & Technology 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

1Clean Science & Technology Ltd CLEAN36%

2Pidilite Industries Ltd PIDILITIND26%

3Anupam Rasayan India Ltd ANURAS25%

4Vinati Organics Ltd VINATIORGA24%

5Fineotex Chemical Ltd 533333 · older report23%

Margin changefastest expanders

1Panama Petrochem Ltd PANAMAPET+14.0 pp

2Thirumalai Chemicals Ltd TIRUMALCHM⚠ unverified+12.0 pp

3Chemcon Speciality Chemicals Ltd CHEMCON⚠ unverified+8.0 pp

4Black Rose Industries Ltd BLACKROSE+6.0 pp

5Sunshield Chemicals Ltd SUNSHIEL+5.0 pp

Operating margin · company comparison

13/13 level · 13/13 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
Clean Science & Technology Ltd CLEAN	36%	−5.0 pp	Jun 2026
Pidilite Industries Ltd PIDILITIND	26%	+1.0 pp	Jun 2026
Anupam Rasayan India Ltd ANURAS	25%	−1.0 pp	Jun 2026
Vinati Organics Ltd VINATIORGA	24%	−5.0 pp	Jun 2026
Fineotex Chemical Ltd 533333	23%	−4.0 pp	Dec 2025
Privi Speciality Chemicals Ltd PRIVISCL	23%	−1.0 pp	Jun 2026
Chemcon Speciality Chemicals Ltd CHEMCON⚠ unverified	23%	+8.0 pp	Jun 2026
Panama Petrochem Ltd PANAMAPET	22%	+14.0 pp	Jun 2026
Amal Ltd AMAL	18%	−7.0 pp	Jun 2026
Sunshield Chemicals Ltd SUNSHIEL	16%	+5.0 pp	Jun 2026
Black Rose Industries Ltd BLACKROSE	16%	+6.0 pp	Jun 2026
Platinum Industries Ltd PLATIND⚠ unverified	12%	−1.0 pp	Jun 2026
Thirumalai Chemicals Ltd TIRUMALCHM⚠ unverified	6.0%	+12.0 pp	Jun 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amal Ltd · AMAL

Sep 20212.1%

Dec 202128%

Mar 20228.9%

Jun 2022-17%

Sep 2022-18%

Dec 2022-3.5%

Mar 2023-2.1%

Jun 20230.5%

Sep 202323%

Dec 202323%

Mar 202419%

Jun 202415%

Sep 202431%

Dec 202445%

Mar 202527%

Jun 202525%

Sep 202516%

Dec 202513%

Mar 202610%

Jun 202618%

Anupam Rasayan India Ltd · ANURAS

Sep 202126%

Dec 202128%

Mar 202232%

Jun 202229%

Sep 202228%

Dec 202228%

Mar 202324%

Jun 202326%

Sep 202327%

Dec 202327%

Mar 202423%

Jun 202421%

Sep 202427%

Dec 202432%

Mar 202529%

Jun 202526%

Sep 202519%

Dec 202525%

Mar 202622%

Jun 202625%

Chemcon Speciality Chemicals Ltd · CHEMCON⚠ unverified

Sep 202131%

Dec 202135%

Mar 202231%

Jun 202238%

Sep 202217%

Dec 202218%

Mar 202318%

Jun 202310%

Sep 202311%

Dec 202312%

Mar 20247.0%

Jun 202416%

Sep 202416%

Dec 202421%

Mar 202511%

Jun 202515%

Sep 202513%

Dec 202512%

Mar 202612%

Jun 202623%

Clean Science & Technology Ltd · CLEAN

Sep 202145%

Dec 202142%

Mar 202241%

Jun 202239%

Sep 202239%

Dec 202246%

Mar 202348%

Jun 202340%

Sep 202341%

Dec 202344%

Mar 202442%

Jun 202442%

Sep 202438%

Dec 202441%

Mar 202540%

Jun 202541%

Sep 202536%

Dec 202533%

Mar 202638%

Jun 202636%

Fineotex Chemical Ltd · 533333

Sep 202122%

Dec 202127%

Mar 202218%

Jun 202216%

Sep 202219%

Dec 202226%

Mar 202321%

Jun 202325%

Sep 202327%

Dec 202332%

Mar 202424%

Jun 202425%

Sep 202426%

Dec 202427%

Mar 202519%

Jun 202517%

Sep 202522%

Dec 202523%

Mar 2026—

Jun 2026—

Panama Petrochem Ltd · PANAMAPET

Sep 202115%

Dec 202113%

Mar 202214%

Jun 202216%

Sep 202216%

Dec 202212%

Mar 202313%

Jun 202311%

Sep 202311%

Dec 202311%

Mar 202410%

Jun 202410%

Sep 20248.0%

Dec 20249.0%

Mar 20259.0%

Jun 20258.0%

Sep 20259.0%

Dec 20258.0%

Mar 202611%

Jun 202622%

Pidilite Industries Ltd · PIDILITIND

Sep 202121%

Dec 202119%

Mar 202216%

Jun 202217%

Sep 202217%

Dec 202217%

Mar 202317%

Jun 202322%

Sep 202322%

Dec 202324%

Mar 202420%

Jun 202424%

Sep 202424%

Dec 202424%

Mar 202520%

Jun 202525%

Sep 202524%

Dec 202524%

Mar 202623%

Jun 202626%

Platinum Industries Ltd · PLATIND⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 202225%

Mar 202323%

Jun 202326%

Sep 202327%

Dec 202322%

Mar 202419%

Jun 202420%

Sep 202415%

Dec 202415%

Mar 20258.0%

Jun 202513%

Sep 202514%

Dec 202515%

Mar 202612%

Jun 202612%

Privi Speciality Chemicals Ltd · PRIVISCL

Sep 202113%

Dec 202113%

Mar 202213%

Jun 202215%

Sep 202211%

Dec 202212%

Mar 20238.0%

Jun 202313%

Sep 202320%

Dec 202322%

Mar 202419%

Jun 202420%

Sep 202421%

Dec 202423%

Mar 202522%

Jun 202524%

Sep 202527%

Dec 202525%

Mar 202625%

Jun 202623%

Sunshield Chemicals Ltd · SUNSHIEL

Sep 202115%

Dec 202114%

Mar 202210%

Jun 202214%

Sep 202217%

Dec 20229.0%

Mar 202311%

Jun 202313%

Sep 202314%

Dec 202316%

Mar 202414%

Jun 202410%

Sep 20248.0%

Dec 20248.0%

Mar 202510%

Jun 202511%

Sep 202511%

Dec 202510%

Mar 202615%

Jun 202616%

Thirumalai Chemicals Ltd · TIRUMALCHM⚠ unverified

Sep 202117%

Dec 202121%

Mar 202224%

Jun 202216%

Sep 202211%

Dec 20226.0%

Mar 2023-0.2%

Jun 20237.0%

Sep 20232.9%

Dec 2023-1.2%

Mar 20240.7%

Jun 20246.0%

Sep 20244.5%

Dec 2024-4.5%

Mar 20252.8%

Jun 2025-6.0%

Sep 2025-0.8%

Dec 2025-3.6%

Mar 20261.4%

Jun 20266.0%

Vinati Organics Ltd · VINATIORGA

Sep 202127%

Dec 202125%

Mar 202229%

Jun 202226%

Sep 202226%

Dec 202229%

Mar 202328%

Jun 202323%

Sep 202323%

Dec 202326%

Mar 202427%

Jun 202424%

Sep 202424%

Dec 202427%

Mar 202528%

Jun 202529%

Sep 202530%

Dec 202530%

Mar 202628%

Jun 202624%

Margin change · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amal Ltd · AMAL

Sep 2021−28.0 pp

Dec 2021−17.6 pp

Mar 2022−26.2 pp

Jun 2022+52.8 pp

Sep 2022−20.4 pp

Dec 2022−31.3 pp

Mar 2023−11.1 pp

Jun 2023+17.7 pp

Sep 2023+41.3 pp

Dec 2023+26.5 pp

Mar 2024+21.1 pp

Jun 2024+14.5 pp

Sep 2024+8.0 pp

Dec 2024+22.0 pp

Mar 2025+8.0 pp

Jun 2025+10.0 pp

Sep 2025−15.0 pp

Dec 2025−32.0 pp

Mar 2026−17.0 pp

Jun 2026−7.0 pp

Anupam Rasayan India Ltd · ANURAS

Sep 2021+5.5 pp

Dec 2021−0.8 pp

Mar 2022+9.2 pp

Jun 2022+2.7 pp

Sep 2022+2.3 pp

Dec 2022−0.2 pp

Mar 2023−8.3 pp

Jun 2023−2.7 pp

Sep 2023−1.0 pp

Dec 2023−1.0 pp

Mar 2024−1.0 pp

Jun 2024−5.0 pp

Sep 20240.0 pp

Dec 2024+5.0 pp

Mar 2025+6.0 pp

Jun 2025+5.0 pp

Sep 2025−8.0 pp

Dec 2025−7.0 pp

Mar 2026−7.0 pp

Jun 2026−1.0 pp

Chemcon Speciality Chemicals Ltd · CHEMCON⚠ unverified

Sep 2021−7.0 pp

Dec 2021−0.3 pp

Mar 2022+1.7 pp

Jun 2022+6.3 pp

Sep 2022−14.4 pp

Dec 2022−17.3 pp

Mar 2023−13.0 pp

Jun 2023−27.5 pp

Sep 2023−5.6 pp

Dec 2023−5.6 pp

Mar 2024−10.8 pp

Jun 2024+6.0 pp

Sep 2024+5.0 pp

Dec 2024+9.0 pp

Mar 2025+4.0 pp

Jun 2025−1.0 pp

Sep 2025−3.0 pp

Dec 2025−9.0 pp

Mar 2026+1.0 pp

Jun 2026+8.0 pp

Clean Science & Technology Ltd · CLEAN

Sep 2021−5.2 pp

Dec 2021−7.7 pp

Mar 2022−11.4 pp

Jun 2022−9.8 pp

Sep 2022−5.5 pp

Dec 2022+3.9 pp

Mar 2023+7.1 pp

Jun 2023+1.0 pp

Sep 2023+1.6 pp

Dec 2023−2.0 pp

Mar 2024−6.0 pp

Jun 2024+2.0 pp

Sep 2024−3.0 pp

Dec 2024−3.0 pp

Mar 2025−2.0 pp

Jun 2025−1.0 pp

Sep 2025−2.0 pp

Dec 2025−8.0 pp

Mar 2026−2.0 pp

Jun 2026−5.0 pp

Fineotex Chemical Ltd · 533333

Sep 2021−0.3 pp

Dec 2021−2.9 pp

Mar 2022−4.0 pp

Jun 2022−0.1 pp

Sep 2022−2.6 pp

Dec 2022−1.3 pp

Mar 2023+3.5 pp

Jun 2023+8.9 pp

Sep 2023+8.0 pp

Dec 2023+6.0 pp

Mar 2024+3.0 pp

Jun 20240.0 pp

Sep 2024−1.0 pp

Dec 2024−5.0 pp

Mar 2025−5.0 pp

Jun 2025−8.0 pp

Sep 2025−4.0 pp

Dec 2025−4.0 pp

Mar 2026—

Jun 2026—

Panama Petrochem Ltd · PANAMAPET

Sep 2021+6.1 pp

Dec 2021−4.2 pp

Mar 2022−1.2 pp

Jun 2022+1.7 pp

Sep 2022+1.4 pp

Dec 2022−1.3 pp

Mar 2023−0.7 pp

Jun 2023−4.7 pp

Sep 2023−5.0 pp

Dec 2023−1.0 pp

Mar 2024−3.0 pp

Jun 2024−1.0 pp

Sep 2024−3.0 pp

Dec 2024−2.0 pp

Mar 2025−1.0 pp

Jun 2025−2.0 pp

Sep 2025+1.0 pp

Dec 2025−1.0 pp

Mar 2026+2.0 pp

Jun 2026+14.0 pp

Pidilite Industries Ltd · PIDILITIND

Sep 2021−6.3 pp

Dec 2021−8.6 pp

Mar 2022−4.6 pp

Jun 2022−0.9 pp

Sep 2022−4.3 pp

Dec 2022−2.3 pp

Mar 2023+1.0 pp

Jun 2023+4.9 pp

Sep 2023+5.4 pp

Dec 2023+7.0 pp

Mar 2024+3.0 pp

Jun 2024+2.0 pp

Sep 2024+2.0 pp

Dec 20240.0 pp

Mar 20250.0 pp

Jun 2025+1.0 pp

Sep 20250.0 pp

Dec 20250.0 pp

Mar 2026+3.0 pp

Jun 2026+1.0 pp

Platinum Industries Ltd · PLATIND⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023−3.0 pp

Mar 2024−4.0 pp

Jun 2024−6.0 pp

Sep 2024−12.0 pp

Dec 2024−7.0 pp

Mar 2025−11.0 pp

Jun 2025−7.0 pp

Sep 2025−1.0 pp

Dec 20250.0 pp

Mar 2026+4.0 pp

Jun 2026−1.0 pp

Privi Speciality Chemicals Ltd · PRIVISCL

Sep 2021−0.3 pp

Dec 2021−1.7 pp

Mar 2022−7.9 pp

Jun 2022−2.6 pp

Sep 2022−1.8 pp

Dec 2022−0.6 pp

Mar 2023−4.6 pp

Jun 2023−2.1 pp

Sep 2023+9.2 pp

Dec 2023+10.0 pp

Mar 2024+11.0 pp

Jun 2024+7.0 pp

Sep 2024+1.0 pp

Dec 2024+1.0 pp

Mar 2025+3.0 pp

Jun 2025+4.0 pp

Sep 2025+6.0 pp

Dec 2025+2.0 pp

Mar 2026+3.0 pp

Jun 2026−1.0 pp

Sunshield Chemicals Ltd · SUNSHIEL

Sep 2021−1.0 pp

Dec 2021−1.9 pp

Mar 2022−4.0 pp

Jun 2022+1.5 pp

Sep 2022+1.5 pp

Dec 2022−5.1 pp

Mar 2023+0.7 pp

Jun 2023−0.5 pp

Sep 2023−2.7 pp

Dec 2023+7.0 pp

Mar 2024+3.0 pp

Jun 2024−3.0 pp

Sep 2024−6.0 pp

Dec 2024−8.0 pp

Mar 2025−4.0 pp

Jun 2025+1.0 pp

Sep 2025+3.0 pp

Dec 2025+2.0 pp

Mar 2026+5.0 pp

Jun 2026+5.0 pp

Thirumalai Chemicals Ltd · TIRUMALCHM⚠ unverified

Sep 2021+1.5 pp

Dec 2021−1.7 pp

Mar 2022−6.5 pp

Jun 2022−10.2 pp

Sep 2022−6.9 pp

Dec 2022−15.4 pp

Mar 2023−24.0 pp

Jun 2023−8.5 pp

Sep 2023−7.7 pp

Dec 2023−7.2 pp

Mar 2024+0.9 pp

Jun 2024−1.0 pp

Sep 2024+1.6 pp

Dec 2024−3.3 pp

Mar 2025+2.1 pp

Jun 2025−12.0 pp

Sep 2025−5.3 pp

Dec 2025+0.9 pp

Mar 2026−1.4 pp

Jun 2026+12.0 pp

Vinati Organics Ltd · VINATIORGA

Sep 2021−11.3 pp

Dec 2021−7.1 pp

Mar 2022−6.9 pp

Jun 2022−0.4 pp

Sep 2022−0.8 pp

Dec 2022+3.9 pp

Mar 2023−0.6 pp

Jun 2023−2.9 pp

Sep 2023−3.2 pp

Dec 2023−3.0 pp

Mar 2024−1.0 pp

Jun 2024+1.0 pp

Sep 2024+1.0 pp

Dec 2024+1.0 pp

Mar 2025+1.0 pp

Jun 2025+5.0 pp

Sep 2025+6.0 pp

Dec 2025+3.0 pp

Mar 20260.0 pp

Jun 2026−5.0 pp

09 · compare level, then change

Profit Scale & Acceleration

Pidilite Industries Ltd has the highest Net profit among the 13 Speciality Chemicals companies compared here, at ₹2,677 crore. Panama Petrochem Ltd is next at ₹479 crore. Panama Petrochem 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: Pidilite Industries Ltd leads with ₹2,677 crore of TTM profit, 458.9% above Panama Petrochem Ltd. Panama Petrochem Ltd shows ≥100% on the scoring scale (167.6% uncapped) growth from a ₹479 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderPidilite Industries Ltd · ₹2,677 crore

Gap458.9% versus #2 · Panama Petrochem Ltd

Persistence8/8 recent comparable periods

Coverage13/13 companies · 209 observations

Investor read: Pidilite Industries 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

1Pidilite Industries Ltd PIDILITIND₹2.7K Cr

2Panama Petrochem Ltd PANAMAPET₹479 Cr

3Vinati Organics Ltd VINATIORGA₹449 Cr

4Privi Speciality Chemicals Ltd PRIVISCL₹342 Cr

5Clean Science & Technology Ltd CLEAN₹232 Cr

Profit growthfastest growers

1Panama Petrochem Ltd PANAMAPET100%

2Sunshield Chemicals Ltd SUNSHIEL100%

3Privi Speciality Chemicals Ltd PRIVISCL62%

4Black Rose Industries Ltd BLACKROSE29%

5Pidilite Industries Ltd PIDILITIND22%

Net profit · company comparison

13/13 level · 12/13 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
Pidilite Industries Ltd PIDILITIND	₹884 Cr	30%	Jun 2026
Panama Petrochem Ltd PANAMAPET	₹309 Cr	619%	Jun 2026
Vinati Organics Ltd VINATIORGA	₹109 Cr	4.8%	Jun 2026
Privi Speciality Chemicals Ltd PRIVISCL	₹83 Cr	43%	Jun 2026
Clean Science & Technology Ltd CLEAN	₹73 Cr	4.3%	Jun 2026
Anupam Rasayan India Ltd ANURAS	₹51 Cr	6.3%	Jun 2026
Fineotex Chemical Ltd 533333	₹26 Cr	8.3%	Dec 2025
Amal Ltd AMAL	₹17 Cr	89%	Jun 2026
Sunshield Chemicals Ltd SUNSHIEL	₹13 Cr	86%	Jun 2026
Platinum Industries Ltd PLATIND⚠ unverified	₹11 Cr	-15%	Jun 2026
Chemcon Speciality Chemicals Ltd CHEMCON⚠ unverified	₹11 Cr	83%	Jun 2026
Black Rose Industries Ltd BLACKROSE	₹10 Cr	150%	Jun 2026
Thirumalai Chemicals Ltd TIRUMALCHM⚠ unverified	₹-44 Cr	-760%	Jun 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amal Ltd · AMAL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹-4 Cr

Mar 2023₹-4 Cr

Jun 2023₹-3 Cr

Sep 2023₹2 Cr

Dec 2023₹2 Cr

Mar 2024₹0 Cr

Jun 2024₹0 Cr

Sep 2024₹6 Cr

Dec 2024₹17 Cr

Mar 2025₹7 Cr

Jun 2025₹9 Cr

Sep 2025₹6 Cr

Dec 2025₹5 Cr

Mar 2026₹2 Cr

Jun 2026₹17 Cr

Anupam Rasayan India Ltd · ANURAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹48 Cr

Dec 2022₹54 Cr

Mar 2023₹73 Cr

Jun 2023₹52 Cr

Sep 2023₹49 Cr

Dec 2023₹26 Cr

Mar 2024₹40 Cr

Jun 2024₹12 Cr

Sep 2024₹31 Cr

Dec 2024₹54 Cr

Mar 2025₹63 Cr

Jun 2025₹48 Cr

Sep 2025₹57 Cr

Dec 2025₹61 Cr

Mar 2026₹56 Cr

Jun 2026₹51 Cr

Chemcon Speciality Chemicals Ltd · CHEMCON⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹11 Cr

Mar 2023₹10 Cr

Jun 2023₹6 Cr

Sep 2023₹6 Cr

Dec 2023₹4 Cr

Mar 2024₹3 Cr

Jun 2024₹5 Cr

Sep 2024₹6 Cr

Dec 2024₹9 Cr

Mar 2025₹4 Cr

Jun 2025₹6 Cr

Sep 2025₹6 Cr

Dec 2025₹5 Cr

Mar 2026₹6 Cr

Jun 2026₹11 Cr

Clean Science & Technology Ltd · CLEAN

Sep 2021₹54 Cr

Dec 2021₹58 Cr

Mar 2022₹62 Cr

Jun 2022₹63 Cr

Sep 2022₹68 Cr

Dec 2022₹84 Cr

Mar 2023₹81 Cr

Jun 2023₹59 Cr

Sep 2023₹52 Cr

Dec 2023₹63 Cr

Mar 2024₹70 Cr

Jun 2024₹66 Cr

Sep 2024₹59 Cr

Dec 2024₹66 Cr

Mar 2025₹74 Cr

Jun 2025₹70 Cr

Sep 2025₹55 Cr

Dec 2025₹46 Cr

Mar 2026₹58 Cr

Jun 2026₹73 Cr

Fineotex Chemical Ltd · 533333

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022₹12 Cr

Dec 2022₹14 Cr

Mar 2023₹15 Cr

Jun 2023₹23 Cr

Sep 2023₹27 Cr

Dec 2023₹28 Cr

Mar 2024₹33 Cr

Jun 2024₹22 Cr

Sep 2024₹31 Cr

Dec 2024₹24 Cr

Mar 2025₹19 Cr

Jun 2025₹20 Cr

Sep 2025₹25 Cr

Dec 2025₹26 Cr

Mar 2026—

Jun 2026—

Panama Petrochem Ltd · PANAMAPET

Sep 2021₹62 Cr

Dec 2021₹54 Cr

Mar 2022₹56 Cr

Jun 2022₹65 Cr

Sep 2022₹52 Cr

Dec 2022₹50 Cr

Mar 2023₹51 Cr

Jun 2023₹46 Cr

Sep 2023₹47 Cr

Dec 2023₹41 Cr

Mar 2024₹61 Cr

Jun 2024₹50 Cr

Sep 2024₹44 Cr

Dec 2024₹48 Cr

Mar 2025₹44 Cr

Jun 2025₹43 Cr

Sep 2025₹53 Cr

Dec 2025₹46 Cr

Mar 2026₹71 Cr

Jun 2026₹309 Cr

Pidilite Industries Ltd · PIDILITIND

Sep 2021₹375 Cr

Dec 2021₹358 Cr

Mar 2022₹254 Cr

Jun 2022₹354 Cr

Sep 2022₹332 Cr

Dec 2022₹308 Cr

Mar 2023₹286 Cr

Jun 2023₹474 Cr

Sep 2023₹459 Cr

Dec 2023₹511 Cr

Mar 2024₹304 Cr

Jun 2024₹571 Cr

Sep 2024₹540 Cr

Dec 2024₹557 Cr

Mar 2025₹428 Cr

Jun 2025₹678 Cr

Sep 2025₹585 Cr

Dec 2025₹624 Cr

Mar 2026₹584 Cr

Jun 2026₹884 Cr

Platinum Industries Ltd · PLATIND⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹11 Cr

Mar 2023₹10 Cr

Jun 2023₹11 Cr

Sep 2023₹11 Cr

Dec 2023₹10 Cr

Mar 2024₹11 Cr

Jun 2024₹18 Cr

Sep 2024₹15 Cr

Dec 2024₹12 Cr

Mar 2025₹6 Cr

Jun 2025₹13 Cr

Sep 2025₹11 Cr

Dec 2025₹12 Cr

Mar 2026₹15 Cr

Jun 2026₹11 Cr

Privi Speciality Chemicals Ltd · PRIVISCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹6 Cr

Mar 2023₹-15 Cr

Jun 2023₹5 Cr

Sep 2023₹30 Cr

Dec 2023₹29 Cr

Mar 2024₹32 Cr

Jun 2024₹31 Cr

Sep 2024₹45 Cr

Dec 2024₹44 Cr

Mar 2025₹64 Cr

Jun 2025₹58 Cr

Sep 2025₹90 Cr

Dec 2025₹75 Cr

Mar 2026₹94 Cr

Jun 2026₹83 Cr

Sunshield Chemicals Ltd · SUNSHIEL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹1 Cr

Mar 2023₹3 Cr

Jun 2023₹4 Cr

Sep 2023₹4 Cr

Dec 2023₹5 Cr

Mar 2024₹6 Cr

Jun 2024₹4 Cr

Sep 2024₹3 Cr

Dec 2024₹2 Cr

Mar 2025₹6 Cr

Jun 2025₹7 Cr

Sep 2025₹7 Cr

Dec 2025₹5 Cr

Mar 2026₹11 Cr

Jun 2026₹13 Cr

Thirumalai Chemicals Ltd · TIRUMALCHM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹8 Cr

Mar 2023₹-13 Cr

Jun 2023₹11 Cr

Sep 2023₹-6 Cr

Dec 2023₹-23 Cr

Mar 2024₹-20 Cr

Jun 2024₹5 Cr

Sep 2024₹5 Cr

Dec 2024₹-42 Cr

Mar 2025₹-14 Cr

Jun 2025₹-60 Cr

Sep 2025₹-33 Cr

Dec 2025₹-47 Cr

Mar 2026₹-28 Cr

Jun 2026₹-44 Cr

Vinati Organics Ltd · VINATIORGA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹107 Cr

Mar 2023₹105 Cr

Jun 2023₹69 Cr

Sep 2023₹72 Cr

Dec 2023₹77 Cr

Mar 2024₹104 Cr

Jun 2024₹84 Cr

Sep 2024₹104 Cr

Dec 2024₹94 Cr

Mar 2025₹123 Cr

Jun 2025₹104 Cr

Sep 2025₹115 Cr

Dec 2025₹101 Cr

Mar 2026₹124 Cr

Jun 2026₹109 Cr

Profit growth · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amal Ltd · AMAL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024200%

Dec 2024750%

Mar 2025—

Jun 2025—

Sep 20250.0%

Dec 2025-71%

Mar 2026-71%

Jun 202689%

Anupam Rasayan India Ltd · ANURAS

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 20232.1%

Dec 2023-52%

Mar 2024-45%

Jun 2024-77%

Sep 2024-37%

Dec 2024108%

Mar 202558%

Jun 2025300%

Sep 202584%

Dec 202513%

Mar 2026-11%

Jun 20266.3%

Chemcon Speciality Chemicals Ltd · CHEMCON⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-65%

Mar 2024-71%

Jun 2024-17%

Sep 20240.0%

Dec 2024125%

Mar 202533%

Jun 202520%

Sep 20250.0%

Dec 2025-44%

Mar 202650%

Jun 202683%

Clean Science & Technology Ltd · CLEAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202215%

Sep 202226%

Dec 202245%

Mar 202331%

Jun 2023-6.4%

Sep 2023-24%

Dec 2023-25%

Mar 2024-14%

Jun 202412%

Sep 202413%

Dec 20244.8%

Mar 20255.7%

Jun 20256.1%

Sep 2025-6.8%

Dec 2025-30%

Mar 2026-22%

Jun 20264.3%

Fineotex Chemical Ltd · 533333

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023125%

Dec 2023100%

Mar 2024120%

Jun 2024-4.4%

Sep 202415%

Dec 2024-14%

Mar 2025-42%

Jun 2025-9.1%

Sep 2025-19%

Dec 20258.3%

Mar 2026—

Jun 2026—

Panama Petrochem Ltd · PANAMAPET

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202212%

Sep 2022-16%

Dec 2022-7.4%

Mar 2023-8.9%

Jun 2023-29%

Sep 2023-9.6%

Dec 2023-18%

Mar 202420%

Jun 20248.7%

Sep 2024-6.4%

Dec 202417%

Mar 2025-28%

Jun 2025-14%

Sep 202520%

Dec 2025-4.2%

Mar 202661%

Jun 2026619%

Pidilite Industries Ltd · PIDILITIND

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202261%

Sep 2022-11%

Dec 2022-14%

Mar 202313%

Jun 202334%

Sep 202338%

Dec 202366%

Mar 20246.3%

Jun 202420%

Sep 202418%

Dec 20249.0%

Mar 202541%

Jun 202519%

Sep 20258.3%

Dec 202512%

Mar 202636%

Jun 202630%

Platinum Industries Ltd · PLATIND⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-9.1%

Mar 202410%

Jun 202464%

Sep 202436%

Dec 202420%

Mar 2025-45%

Jun 2025-28%

Sep 2025-27%

Dec 20250.0%

Mar 2026150%

Jun 2026-15%

Privi Speciality Chemicals Ltd · PRIVISCL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023383%

Mar 2024—

Jun 2024520%

Sep 202450%

Dec 202452%

Mar 2025100%

Jun 202587%

Sep 2025100%

Dec 202570%

Mar 202647%

Jun 202643%

Sunshield Chemicals Ltd · SUNSHIEL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023400%

Mar 202479%

Jun 20240.0%

Sep 2024-25%

Dec 2024-60%

Mar 20250.0%

Jun 202575%

Sep 2025133%

Dec 2025150%

Mar 202683%

Jun 202686%

Thirumalai Chemicals Ltd · TIRUMALCHM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-388%

Mar 2024—

Jun 2024-55%

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025-1,300%

Sep 2025-760%

Dec 2025—

Mar 2026—

Jun 2026—

Vinati Organics Ltd · VINATIORGA

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-28%

Mar 2024-1.0%

Jun 202422%

Sep 202444%

Dec 202422%

Mar 202518%

Jun 202524%

Sep 202511%

Dec 20257.5%

Mar 20260.8%

Jun 20264.8%

10 · compare level, then change

Return On Capital Employed

Pidilite Industries Ltd has the highest ROCE among the 13 Speciality Chemicals companies compared here, at 31%. Amal Ltd is next at 26%. Privi Speciality Chemicals Ltd has the highest ROCE change at +6 percentage points, so level and change sit with different companies. 13 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Pidilite Industries Ltd leads ROCE at 31%, 5 percentage points above Amal Ltd. Privi Speciality Chemicals Ltd has the strongest latest improvement at +6 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.

LeaderPidilite Industries Ltd · 31%

Gap19.2% versus #2 · Amal Ltd

Persistence6/8 recent comparable periods

Coverage13/13 companies · 89 observations

Investor read: Pidilite Industries 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

1Pidilite Industries Ltd PIDILITIND31%

2Amal Ltd AMAL26%

3Fineotex Chemical Ltd 533333 · older report25%

4Privi Speciality Chemicals Ltd PRIVISCL22%

5Clean Science & Technology Ltd CLEAN21%

ROCE changefastest improvers

1Privi Speciality Chemicals Ltd PRIVISCL+6.0 pp

2Sunshield Chemicals Ltd SUNSHIEL+5.0 pp

3Pidilite Industries Ltd PIDILITIND+2.1 pp

4Anupam Rasayan India Ltd ANURAS0.0 pp

5Black Rose Industries Ltd BLACKROSE0.0 pp

Return on capital · company comparison

13/13 level · 13/13 change

Withheld from this chart: Privi Speciality Chemicals Ltd (PRIVISCL) — its two data sources disagree by up to 5.9% on reported income across 14 comparable periods, so its derived ratios are withheld; Anupam Rasayan India Ltd (ANURAS) — its two data sources disagree by up to 63% on reported income across 15 comparable periods, so its derived ratios are withheld; Vinati Organics Ltd (VINATIORGA) — its two data sources disagree by up to 27% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
Pidilite Industries Ltd PIDILITIND	32%	+2.1 pp	Jun 2026
Panama Petrochem Ltd PANAMAPET	18%	−1.1 pp	Jun 2026
Clean Science & Technology Ltd CLEAN	17%	−4.8 pp	Jun 2026
Platinum Industries Ltd PLATIND⚠ unverified	12%	−1.6 pp	Jun 2026
Chemcon Speciality Chemicals Ltd CHEMCON⚠ unverified	3.8%	−0.6 pp	Jun 2026
Thirumalai Chemicals Ltd TIRUMALCHM⚠ unverified	-3.2%	−2.9 pp	Jun 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Chemcon Speciality Chemicals Ltd · CHEMCON⚠ unverified

Sep 202120%

Dec 2021—

Mar 202218%

Jun 2022—

Sep 202219%

Dec 2022—

Mar 202314%

Jun 2023—

Sep 20237.2%

Dec 20238.7%

Mar 20243.5%

Jun 20246.2%

Sep 20243.4%

Dec 20247.4%

Mar 20254.4%

Jun 20257.5%

Sep 20254.1%

Dec 20255.9%

Mar 20263.8%

Jun 2026—

Clean Science & Technology Ltd · CLEAN

Sep 202138%

Dec 2021—

Mar 202235%

Jun 2022—

Sep 202236%

Dec 2022—

Mar 202335%

Jun 2023—

Sep 202329%

Dec 202334%

Mar 202423%

Jun 202430%

Sep 202423%

Dec 202429%

Mar 202522%

Jun 202527%

Sep 202521%

Dec 202523%

Mar 202617%

Jun 2026—

Panama Petrochem Ltd · PANAMAPET

Sep 202146%

Dec 2021—

Mar 202238%

Jun 2022—

Sep 202237%

Dec 2022—

Mar 202333%

Jun 202331%

Sep 202325%

Dec 202326%

Mar 202422%

Jun 202425%

Sep 202421%

Dec 202424%

Mar 202519%

Jun 202520%

Sep 202518%

Dec 202519%

Mar 202618%

Jun 2026—

Pidilite Industries Ltd · PIDILITIND

Sep 202127%

Dec 2021—

Mar 202223%

Jun 2022—

Sep 202224%

Dec 2022—

Mar 202322%

Jun 2023—

Sep 202325%

Dec 202330%

Mar 202426%

Jun 202429%

Sep 202427%

Dec 202430%

Mar 202525%

Jun 202530%

Sep 202527%

Dec 202532%

Mar 202627%

Jun 202632%

Platinum Industries Ltd · PLATIND⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 202338%

Jun 2023—

Sep 202361%

Dec 202360%

Mar 202417%

Jun 202433%

Sep 202416%

Dec 202432%

Mar 202513%

Jun 202517%

Sep 202511%

Dec 202515%

Mar 202612%

Jun 2026—

Thirumalai Chemicals Ltd · TIRUMALCHM⚠ unverified

Sep 202127%

Dec 2021—

Mar 202230%

Jun 2022—

Sep 202226%

Dec 2022—

Mar 20238.7%

Jun 2023—

Sep 20231.0%

Dec 20230.6%

Mar 2024-0.3%

Jun 20240.0%

Sep 20240.0%

Dec 2024-0.3%

Mar 2025-0.3%

Jun 2025-2.3%

Sep 2025-3.2%

Dec 2025-3.2%

Mar 2026-3.2%

Jun 2026—

ROCE change · reported quarter history

Chemcon Speciality Chemicals Ltd · CHEMCON⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.0 pp

Dec 2022—

Mar 2023−4.7 pp

Jun 2023—

Sep 2023−11.3 pp

Dec 2023—

Mar 2024−10.0 pp

Jun 2024—

Sep 2024−3.8 pp

Dec 2024−1.3 pp

Mar 2025+0.9 pp

Jun 2025+1.3 pp

Sep 2025+0.7 pp

Dec 2025−1.5 pp

Mar 2026−0.6 pp

Jun 2026—

Clean Science & Technology Ltd · CLEAN

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.8 pp

Dec 2022—

Mar 2023+0.5 pp

Jun 2023—

Sep 2023−7.1 pp

Dec 2023—

Mar 2024−12.2 pp

Jun 2024—

Sep 2024−5.9 pp

Dec 2024−5.1 pp

Mar 2025−1.2 pp

Jun 2025−2.6 pp

Sep 2025−2.3 pp

Dec 2025−5.5 pp

Mar 2026−4.8 pp

Jun 2026—

Panama Petrochem Ltd · PANAMAPET

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−9.5 pp

Dec 2022—

Mar 2023−4.7 pp

Jun 2023—

Sep 2023−11.9 pp

Dec 2023—

Mar 2024−10.6 pp

Jun 2024−5.5 pp

Sep 2024−3.8 pp

Dec 2024−1.8 pp

Mar 2025−3.2 pp

Jun 2025−5.5 pp

Sep 2025−3.0 pp

Dec 2025−5.0 pp

Mar 2026−1.1 pp

Jun 2026—

Pidilite Industries Ltd · PIDILITIND

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−3.2 pp

Dec 2022—

Mar 2023−1.2 pp

Jun 2023—

Sep 2023+0.8 pp

Dec 2023—

Mar 2024+4.2 pp

Jun 2024—

Sep 2024+2.1 pp

Dec 2024−0.1 pp

Mar 2025−0.9 pp

Jun 2025+0.9 pp

Sep 2025+0.4 pp

Dec 2025+1.4 pp

Mar 2026+1.6 pp

Jun 2026+2.1 pp

Platinum Industries Ltd · PLATIND⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024−21.1 pp

Jun 2024—

Sep 2024−44.8 pp

Dec 2024−27.7 pp

Mar 2025−3.6 pp

Jun 2025−15.4 pp

Sep 2025−5.6 pp

Dec 2025−16.6 pp

Mar 2026−1.6 pp

Jun 2026—

Thirumalai Chemicals Ltd · TIRUMALCHM⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.5 pp

Dec 2022—

Mar 2023−20.9 pp

Jun 2023—

Sep 2023−24.6 pp

Dec 2023—

Mar 2024−9.0 pp

Jun 2024—

Sep 2024−1.0 pp

Dec 2024−0.9 pp

Mar 20250.0 pp

Jun 2025−2.3 pp

Sep 2025−3.2 pp

Dec 2025−2.9 pp

Mar 2026−2.9 pp

Jun 2026—

11 · compare level, then change

Valuation Against Growth & Quality

Panama Petrochem Ltd has the lowest PEG among the 13 Speciality Chemicals companies compared here, at 0.55×. Pidilite Industries Ltd is next at 3.8×. The same company also holds the lowest P/E, at 5.98×. 3 of 13 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Panama Petrochem Ltd has the lowest comparable PEG at 0.55×, 85.5% below Pidilite Industries Ltd. Only 3 of 13 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderPanama Petrochem Ltd · 0.55×

Gap85.5% versus #2 · Pidilite Industries Ltd

Persistence0/8 recent comparable periods

Coverage3/13 companies · 29 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1Panama Petrochem Ltd PANAMAPET0.6

2Pidilite Industries Ltd PIDILITIND3.8

3Clean Science & Technology Ltd CLEAN6.2

P/Elowest P/E

1Panama Petrochem Ltd PANAMAPET6.0

2Black Rose Industries Ltd BLACKROSE20.6

3Platinum Industries Ltd PLATIND⚠ unverified22.8

4Amal Ltd AMAL27.3

5Sunshield Chemicals Ltd SUNSHIEL27.5

Valuation · company comparison

3/13 level · 12/13 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
Clean Science & Technology Ltd CLEAN	6.2	36.0	Jun 2026
Pidilite Industries Ltd PIDILITIND	3.8	66.1	Jun 2026
Panama Petrochem Ltd PANAMAPET	0.6	11.5	Jun 2026
Fineotex Chemical Ltd 533333	—	32.3	Dec 2025
Privi Speciality Chemicals Ltd PRIVISCL	—	42.4	Jun 2026
Anupam Rasayan India Ltd ANURAS	—	84.7	Jun 2026
Vinati Organics Ltd VINATIORGA	—	31.9	Jun 2026
Thirumalai Chemicals Ltd TIRUMALCHM⚠ unverified	—	-99.1	Jun 2026
Platinum Industries Ltd PLATIND⚠ unverified	—	24.3	Jun 2026
Sunshield Chemicals Ltd SUNSHIEL	—	34.9	Jun 2026
Chemcon Speciality Chemicals Ltd CHEMCON⚠ unverified	—	28.4	Jun 2026
Amal Ltd AMAL	—	32.3	Jun 2026
Black Rose Industries Ltd BLACKROSE	—	28.6	Jun 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Clean Science & Technology Ltd · CLEAN

Sep 2021—

Dec 20217.3

Mar 20225.5

Jun 20224.5

Sep 20224.1

Dec 20222.4

Mar 20231.8

Jun 20231.7

Sep 20232.2

Dec 20236.2

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20257.1

Sep 20256.2

Dec 2025—

Mar 2026—

Jun 2026—

Panama Petrochem Ltd · PANAMAPET

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 20220.2

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20240.6

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Pidilite Industries Ltd · PIDILITIND

Sep 20211.9

Dec 20211.9

Mar 20223.8

Jun 202214.2

Sep 2022—

Dec 2022—

Mar 2023—

Jun 202319.2

Sep 2023—

Dec 20235.8

Mar 20242.4

Jun 20242.3

Sep 20242.6

Dec 20242.5

Mar 20254.2

Jun 20254.2

Sep 20254.0

Dec 20254.6

Mar 20263.7

Jun 20263.8

P/E · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Amal Ltd · AMAL

Sep 202173.0

Dec 2021113.1

Mar 2022120.0

Jun 2022311.2

Sep 2022346.1

Dec 2022324.4

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024269.1

Sep 202481.6

Dec 202462.6

Mar 202536.1

Jun 202528.4

Sep 202527.8

Dec 202521.9

Mar 202620.0

Jun 202632.3

Anupam Rasayan India Ltd · ANURAS

Sep 2021107.6

Dec 202185.8

Mar 202267.6

Jun 202240.6

Sep 202247.1

Dec 202241.2

Mar 202351.8

Jun 202359.3

Sep 202352.0

Dec 202363.2

Mar 202460.7

Jun 202464.4

Sep 202484.4

Dec 2024112.2

Mar 2025104.7

Jun 2025133.7

Sep 202598.0

Dec 202597.0

Mar 202680.3

Jun 202684.7

Chemcon Speciality Chemicals Ltd · CHEMCON⚠ unverified

Sep 202126.3

Dec 202122.4

Mar 202219.1

Jun 202216.4

Sep 202222.0

Dec 202216.1

Mar 202312.7

Jun 202318.5

Sep 202329.0

Dec 202331.9

Mar 202431.6

Jun 202448.9

Sep 202453.7

Dec 202443.5

Mar 202525.9

Jun 202530.2

Sep 202539.9

Dec 202530.1

Mar 202620.1

Jun 202628.4

Clean Science & Technology Ltd · CLEAN

Sep 2021109.6

Dec 2021133.3

Mar 202296.4

Jun 202267.8

Sep 202278.9

Dec 202263.0

Mar 202348.6

Jun 202350.2

Sep 202351.4

Dec 202359.7

Mar 202455.5

Jun 202462.3

Sep 202465.1

Dec 202458.7

Mar 202547.6

Jun 202558.9

Sep 202543.6

Dec 202535.2

Mar 202629.4

Jun 202636.0

Fineotex Chemical Ltd · 533333

Sep 202140.0

Dec 202139.6

Mar 202243.3

Jun 202243.2

Sep 202280.0

Dec 202256.2

Mar 202354.2

Jun 202364.0

Sep 202356.1

Dec 202350.9

Mar 202443.8

Jun 202438.3

Sep 202441.2

Dec 202431.9

Mar 202523.5

Jun 202533.0

Sep 202530.2

Dec 202532.3

Mar 2026—

Jun 2026—

Panama Petrochem Ltd · PANAMAPET

Sep 20218.5

Dec 20216.5

Mar 20227.1

Jun 20227.1

Sep 20227.4

Dec 20228.6

Mar 20237.4

Jun 20237.9

Sep 20238.7

Dec 202310.4

Mar 202410.9

Jun 202412.2

Sep 202411.9

Dec 202411.5

Mar 202511.3

Jun 202511.6

Sep 20259.4

Dec 20259.3

Mar 20268.2

Jun 202611.5

Pidilite Industries Ltd · PIDILITIND

Sep 202193.9

Dec 202193.0

Mar 202298.9

Jun 202291.3

Sep 2022102.0

Dec 202299.8

Mar 202396.1

Jun 2023103.7

Sep 202389.4

Dec 202391.7

Mar 202489.6

Jun 202490.3

Sep 202491.1

Dec 202475.5

Mar 202572.3

Jun 202574.1

Sep 202568.2

Dec 202566.1

Mar 202657.8

Jun 202666.1

Platinum Industries Ltd · PLATIND⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 202418.2

Jun 202419.5

Sep 202437.3

Dec 202441.6

Mar 202527.1

Jun 202530.8

Sep 202534.3

Dec 202527.8

Mar 202621.4

Jun 202624.3

Privi Speciality Chemicals Ltd · PRIVISCL

Sep 202166.0

Dec 202166.0

Mar 202263.7

Jun 202243.6

Sep 202265.2

Dec 202257.5

Mar 202372.2

Jun 2023190.2

Sep 2023188.7

Dec 2023169.7

Mar 202477.2

Jun 202459.6

Sep 202446.9

Dec 202448.5

Mar 202544.0

Jun 202547.4

Sep 202542.5

Dec 202547.8

Mar 202638.5

Jun 202642.4

Sunshield Chemicals Ltd · SUNSHIEL

Sep 202117.9

Dec 202128.9

Mar 202232.2

Jun 202226.0

Sep 202230.9

Dec 202229.7

Mar 202337.7

Jun 202345.4

Sep 202351.4

Dec 202359.7

Mar 202443.7

Jun 202447.3

Sep 202442.0

Dec 202442.3

Mar 202539.9

Jun 202545.4

Sep 202546.9

Dec 202537.5

Mar 202626.6

Jun 202634.9

Thirumalai Chemicals Ltd · TIRUMALCHM⚠ unverified

Sep 202114.3

Dec 202110.2

Mar 20229.0

Jun 20228.9

Sep 20227.9

Dec 20228.0

Mar 20239.1

Jun 202322.9

Sep 202354.5

Dec 202350.0

Mar 2024—

Jun 2024-69.3

Sep 2024-99.1

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

Vinati Organics Ltd · VINATIORGA

Sep 202170.5

Dec 202168.7

Mar 202263.4

Jun 202255.9

Sep 202258.5

Dec 202251.1

Mar 202343.7

Jun 202343.7

Sep 202347.8

Dec 202350.7

Mar 202446.7

Jun 202460.6

Sep 202463.1

Dec 202449.1

Mar 202542.4

Jun 202550.4

Sep 202541.9

Dec 202537.8

Mar 202631.3

Jun 202631.9

12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Speciality Chemicals comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 13 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 3 draw at least one figure from a second feed with too little overlap to cross-check.

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.
1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
3 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.
3 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.

13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 13 Speciality Chemicals 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 2026-09-25. 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 2026-09-25 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG 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 · 7 unverified · 3 withheld, of 13 graded companies.

How a second data feed is admitted, and what happens when it disagrees

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.

14 · questions investors ask, short speakable answers

Speciality Chemicals company comparison FAQs

These 24 answers restate the Speciality Chemicals comparison above in question form. Every one is computed from the same 13 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-25. Nothing here is estimated, and none of it is a recommendation.

Is the Speciality Chemicals sector outperforming NIFTY 500?

Which Speciality Chemicals company is largest by revenue?

Pidilite Industries Ltd leads with revenue of ₹15,399 crore, based on 13 of 13 comparable companies through Jun 2026.

Which Speciality Chemicals company is growing fastest?

Amal Ltd has the fastest current revenue growth at 79%, across 13 of 13 comparable companies.

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

Panama Petrochem Ltd ranks first at 75.6/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Speciality Chemicals company has the lowest comparable PEG?

Panama Petrochem Ltd has the lowest comparable PEG at 0.55, among 3 of 13 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Speciality Chemicals comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

Is there a Nifty Speciality Chemicals index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Speciality Chemicals, this page builds its own equal-weight basket of 13 listed Speciality Chemicals companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

Which are the best Speciality Chemicals stocks in India?

Ranked by this page's four-factor score, Panama Petrochem Ltd places first among 13 listed Speciality Chemicals companies, followed by Sunshield 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 Speciality Chemicals stocks are listed in India?

This comparison covers 13 listed Speciality Chemicals 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 Speciality Chemicals company is the biggest?

Pidilite Industries Ltd is the largest, with trailing-twelve-month revenue of ₹15,399 crore, ahead of Panama Petrochem Ltd at ₹4,106 crore. That covers 13 of 13 companies with comparable reporting through Jun 2026.

Which Speciality Chemicals company has the best profit margins?

Clean Science & Technology Ltd has the highest operating margin at 36%, from 13 of 13 comparable companies. Panama Petrochem Ltd shows the biggest recent improvement, at +14 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Speciality Chemicals company makes the most profit?

Pidilite Industries Ltd earns the most, at ₹2,677 crore of trailing-twelve-month net profit, from 13 of 13 comparable companies. Panama Petrochem Ltd has the fastest profit growth at the ≥100% scoring cap, though growth off a small or recovering profit base overstates how much has actually changed.

Which Speciality Chemicals company earns the highest return on capital?

Pidilite Industries Ltd leads on return on capital employed at 31%, across 13 of 13 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 Speciality Chemicals stock is the cheapest?

On PEG — where a LOWER number is cheaper — Panama Petrochem Ltd screens cheapest at 0.55×. Only 3 of 13 companies have earnings and growth steady enough for the ratio to mean anything, 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.

Is the Speciality Chemicals sector beating the market?

Speciality Chemicals has underperformed NIFTY 500 by 2% over the last 52 weeks and 5.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 7 of 13 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Speciality Chemicals stock has the strongest price momentum?

Panama Petrochem 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 Speciality Chemicals company scores highest for research priority?

Panama Petrochem Ltd scores 75.6 out of 100 with 100% evidence confidence, from 27.5 points on growth and earnings, 12.4 on capital efficiency, 17 on valuation and 18.7 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 Speciality Chemicals companies does this comparison cover, and over what period?

It compares 13 listed companies over up to 20 reported quarters of fundamentals, 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 Speciality Chemicals sector?

The 13 Speciality Chemicals companies on this page carry ₹2,14,978 crore of combined market value. Pidilite Industries Ltd is the largest at ₹1,54,533 crore, about 72% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-28.

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

The median price-to-earnings ratio across the 13 Speciality Chemicals companies on this page is 28.3×, measured on the 12 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 2026-09-28.

How is the Speciality Chemicals sector performing?

7 of the 13 covered Speciality Chemicals companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 2% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-28.

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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