# Chemicals - Organic - Alcohol Based — company-by-company sector analysis > Chemicals - Organic - Alcohol Based: Kanoria Chemicals & Industries Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-16. Not investment advice. ## Bottom line The 52-week sector comparison is unavailable. 1 of 1 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Kanoria Chemicals & Industries Ltd leads with revenue of ₹1,240 crore, based on 1 of 1 comparable companies through Jun 2026. Kanoria Chemicals & Industries Ltd has the fastest current revenue growth at 25.4%, across 1 of 1 comparable companies. ## Sector relative strength The 52-week comparison of Chemicals - Organic - Alcohol Based against NIFTY 500 is not available from the current market series. Over 13 weeks the gap is a lead of 48.6%. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Readings are as of 2026-08-09. 13-week sector return versus NIFTY 500: 49% 52-week sector return versus NIFTY 500: — Stocks leading NIFTY: 1/1 Stocks leading sector: 0/0 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 1 Combined market value: ₹666 Cr ## 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. 1. Kanoria Chemicals & Industries Ltd (KANORICHEM): 52/100 — Mixed-positive evidence; evidence 61% - Growth & earnings 24.3/35 | Capital efficiency 2.8/25 | Valuation 12.7/20 | Relative strength 12.5/20 - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of 2 weeks with a reading, within the last 12 - Exact sum: 24.3 + 2.8 + 12.7 + 12.5 = 52.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. ## Market action Price shows what happened; relative strength shows who is winning the argument against the market and the sector. Kanoria Chemicals & Industries Ltd leads on Mansfield relative strength against NIFTY at +67.5%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-08-14. ### Strongest one-year price performers ### Strongest relative strength versus NIFTY 500 1. Kanoria Chemicals & Industries Ltd (KANORICHEM): 67% ## Chemicals - Organic - Alcohol Based — the story behind the numbers This is the written read behind the Chemicals - Organic - Alcohol Based figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 28 Jul 2026. 4 themes are live here, 1 of them rated high severity. The Organic Alcohol Based Chemicals sector shows mixed signals for the week ending 2026-07-19. Based on the single constituent analyzed, KANORICHEM, the demand environment is classified as IMPROVING. However, financial results indicate operational fragility masked by one-time gains. How old this read is: This read comes from our Chemicals - Organic - Alcohol Based sector brief dated 28 Jul 2026, so the words here and the numbers above them cover the same few weeks. ### Live themes, worst first - HIGH | NSE and BSE issued warning letters in January 2026 for non-compliance with SEBI LODR Regulation 21 regarding Risk Management Committee meeting frequency. | Advised to exercise due caution and initiate corrective steps to avoid recurrence. | quoted: "NSE and BSE issued warning letters in January 2026 for non-compliance with SEBI LODR Regulation 21 regarding Risk Management Committee meeting frequency." | named for KANORICHEM - MEDIUM | Consolidated losses in FY25 and H1FY26 driven by group entities including Ethiopia subsidiary Kanoria Africa Textile PLC incurring losses. | Exposure expected to reduce with dilution in shareholding of KCIL as a result of issuance of fresh equity shares. | quoted: "Consolidated losses in FY25 and H1FY26 driven by group entities including Ethiopia subsidiary Kanoria Africa Textile PLC incurring losses." | named for KANORICHEM - MEDIUM | Profitability remains susceptible to volatile methanol prices driven by crude oil volatility, though margins improved in FY25 due to anti-dumping duty. | CareEdge Ratings anticipates improvement in profitability margins in FY26 considering softening of raw material prices. | quoted: "Profitability remains susceptible to volatile methanol prices driven by crude oil volatility, though margins improved in FY25 due to anti-dumping duty." | named for KANORICHEM - MEDIUM | Company has litigation presence in 4 court forums alongside regulatory flags, contributing to a moderate compliance risk profile. | quoted: "Company has litigation presence in 4 court forums alongside regulatory flags, contributing to a moderate compliance risk profile." | named for KANORICHEM Sources: our Chemicals - Organic - Alcohol Based sector brief, 28 Jul 2026 · company earnings-call transcripts. ## Revenue Scale & Growth Durability What the numbers say: Kanoria Chemicals & Industries Ltd is the scale leader at ₹1,240 crore, Kanoria Chemicals & Industries Ltd's growth is 25.4% from a ₹1,240 crore base, with 14 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: Kanoria Chemicals & Industries Ltd is the scale benchmark; Kanoria Chemicals & Industries Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: Kanoria Chemicals & Industries Ltd's growth falls below Kanoria Chemicals & Industries Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: Kanoria Chemicals & Industries Ltd · ₹1,240 crore | Not enough peers | 4/8 recent comparable periods | 1/1 companies · 14 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. Kanoria Chemicals & Industries Ltd (KANORICHEM): ₹1.2K Cr ### Revenue growth — fastest growers 1. Kanoria Chemicals & Industries Ltd (KANORICHEM): 25% ### 20-quarter Revenue history - KANORICHEM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹445 Cr | Jun 2023 ₹401 Cr | Sep 2023 ₹371 Cr | Dec 2023 ₹342 Cr | Mar 2024 ₹361 Cr | Jun 2024 ₹384 Cr | Sep 2024 ₹177 Cr | Dec 2024 ₹180 Cr | Mar 2025 ₹431 Cr | Jun 2025 ₹201 Cr | Sep 2025 ₹210 Cr | Dec 2025 ₹266 Cr | Mar 2026 ₹304 Cr | Jun 2026 ₹460 Cr ### 20-quarter Revenue growth history - KANORICHEM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 -19% | Jun 2024 -4.2% | Sep 2024 -52% | Dec 2024 -47% | Mar 2025 19% | Jun 2025 -48% | Sep 2025 19% | Dec 2025 48% | Mar 2026 -29% | Jun 2026 129% ## Operating Economics & Margin Trend What the numbers say: Kanoria Chemicals & Industries Ltd leads both opm at 10% and margin change at +1 percentage points. Investor read: Kanoria Chemicals & 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 margin change signal. Evidence: Kanoria Chemicals & Industries Ltd · 10% | Not enough peers | 5/8 recent comparable periods | 1/1 companies · 20 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. Kanoria Chemicals & Industries Ltd (KANORICHEM): 10% ### Margin change — fastest expanders 1. Kanoria Chemicals & Industries Ltd (KANORICHEM): +1.0 pp ### 20-quarter OPM history - KANORICHEM: Sep 2021 5.2% | Dec 2021 2.1% | Mar 2022 6.9% | Jun 2022 6.9% | Sep 2022 1.6% | Dec 2022 4.3% | Mar 2023 5.0% | Jun 2023 2.6% | Sep 2023 1.6% | Dec 2023 0.8% | Mar 2024 8.0% | Jun 2024 0.5% | Sep 2024 0.1% | Dec 2024 8.0% | Mar 2025 3.9% | Jun 2025 9.0% | Sep 2025 3.0% | Dec 2025 7.0% | Mar 2026 9.0% | Jun 2026 10% ### 20-quarter Margin change history - KANORICHEM: Sep 2021 −1.3 pp | Dec 2021 −11.7 pp | Mar 2022 −2.9 pp | Jun 2022 +1.4 pp | Sep 2022 −3.5 pp | Dec 2022 +2.3 pp | Mar 2023 −1.9 pp | Jun 2023 −4.3 pp | Sep 2023 −0.0 pp | Dec 2023 −3.5 pp | Mar 2024 +3.0 pp | Jun 2024 −2.1 pp | Sep 2024 −1.5 pp | Dec 2024 +7.2 pp | Mar 2025 −4.1 pp | Jun 2025 +8.5 pp | Sep 2025 +2.9 pp | Dec 2025 −1.0 pp | Mar 2026 +5.1 pp | Jun 2026 +1.0 pp ## Profit Scale & Acceleration What the numbers say: Kanoria Chemicals & Industries Ltd leads net profit at ₹154 crore; the second comparison lacks enough current evidence. Investor read: Kanoria Chemicals & 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. Evidence: Kanoria Chemicals & Industries Ltd · ₹154 crore | Not enough peers | Not enough history | 1/1 companies · 14 observations Definition: 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 profit — largest 1. Kanoria Chemicals & Industries Ltd (KANORICHEM): ₹154 Cr ### Profit growth — fastest growers ### 20-quarter Net profit history - KANORICHEM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹-1 Cr | Jun 2023 ₹-4 Cr | Sep 2023 ₹-21 Cr | Dec 2023 ₹-15 Cr | Mar 2024 ₹-16 Cr | Jun 2024 ₹-23 Cr | Sep 2024 ₹-16 Cr | Dec 2024 ₹-29 Cr | Mar 2025 ₹-40 Cr | Jun 2025 ₹-14 Cr | Sep 2025 ₹92 Cr | Dec 2025 ₹4 Cr | Mar 2026 ₹32 Cr | Jun 2026 ₹26 Cr ### 20-quarter Profit growth history ## Return On Capital Employed What the numbers say: Kanoria Chemicals & Industries Ltd leads ROCE at 6%. Kanoria Chemicals & Industries Ltd has the strongest latest improvement at +5 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. Investor read: Kanoria Chemicals & 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. Evidence: Kanoria Chemicals & Industries Ltd · 6% | Not enough peers | Not enough history | 1/1 companies · 0 observations Definition: 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. ### ROCE — highest 1. Kanoria Chemicals & Industries Ltd (KANORICHEM): 6.0% ### ROCE change — fastest improvers 1. Kanoria Chemicals & Industries Ltd (KANORICHEM): +5.0 pp ### 20-quarter ROCE history ### 20-quarter ROCE change history ## Valuation Against Growth & Quality What the numbers say: There is not enough comparable evidence to name a reliable peg leader. 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. Evidence: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 0 observations Definition: 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. ### PEG — lowest PEG ### P/E — lowest P/E 1. Kanoria Chemicals & Industries Ltd (KANORICHEM): 10.9 ### 20-quarter PEG history ### 20-quarter P/E history - KANORICHEM: Sep 2021 19.6 | Dec 2021 15.5 | Mar 2022 72.5 | Jun 2022 70.6 | Sep 2022 62.0 | Dec 2022 343.9 | Mar 2023 42.0 | Jun 2023 45.3 | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 16.9 ## What can make this comparison misleading? - 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. - Thin comparisons: Valuation have fewer than three usable current readings. ## Every company - Kanoria Chemicals & Industries Ltd (KANORICHEM) — market value ₹666 Cr; latest fundamentals Jun 2026 ## Source standing of each company Cross-checked: 0. Unverified: 1. Withheld: 0. Graded companies: 1. Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld. ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-14. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Chemicals - Organic - Alcohol Based sector outperforming NIFTY 500? The 52-week sector comparison is unavailable. 1 of 1 covered companies currently have positive Mansfield relative strength versus NIFTY 500. ### Which Chemicals - Organic - Alcohol Based company is largest by revenue? Kanoria Chemicals & Industries Ltd leads with revenue of ₹1,240 crore, based on 1 of 1 comparable companies through Jun 2026. ### Which Chemicals - Organic - Alcohol Based company is growing fastest? Kanoria Chemicals & Industries Ltd has the fastest current revenue growth at 25.4%, across 1 of 1 comparable companies. ### Which Chemicals - Organic - Alcohol Based company has the strongest 4-Factor Sector Score? Kanoria Chemicals & Industries Ltd ranks first at 52.3/100 with 60.5% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### How much history does this Chemicals - Organic - Alcohol Based 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 Chemicals - Organic - Alcohol Based 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 Chemicals - Organic - Alcohol Based, this page builds its own equal-weight basket of 1 listed Chemicals - Organic - Alcohol Based 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 Chemicals - Organic - Alcohol Based stocks in India? Ranked by this page's four-factor score, Kanoria Chemicals & Industries Ltd places first among 1 listed Chemicals - Organic - Alcohol Based companies. 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 - Organic - Alcohol Based stocks are listed in India? This comparison covers 1 listed Chemicals - Organic - Alcohol Based 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 - Organic - Alcohol Based company is the biggest? Kanoria Chemicals & Industries Ltd is the largest, with trailing-twelve-month revenue of ₹1,240 crore. That covers 1 of 1 companies with comparable reporting through Jun 2026. ### Which Chemicals - Organic - Alcohol Based company has the best profit margins? Kanoria Chemicals & Industries Ltd has the highest operating margin at 10%, from 1 of 1 comparable companies. Kanoria Chemicals & Industries Ltd shows the biggest recent improvement, at +1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Chemicals - Organic - Alcohol Based company makes the most profit? Kanoria Chemicals & Industries Ltd earns the most, at ₹154 crore of trailing-twelve-month net profit, from 1 of 1 comparable companies. ### Which Chemicals - Organic - Alcohol Based company earns the highest return on capital? Kanoria Chemicals & Industries Ltd leads on return on capital employed at 6%, across 1 of 1 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 - Organic - Alcohol Based stock has the strongest price momentum? Kanoria Chemicals & Industries 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 - Organic - Alcohol Based company scores highest for research priority? Kanoria Chemicals & Industries Ltd scores 52.3 out of 100 with 60.5% evidence confidence, from 24.3 points on growth and earnings, 2.8 on capital efficiency, 12.7 on valuation and 12.5 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 - Organic - Alcohol Based companies does this comparison cover, and over what period? It compares 1 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 Chemicals - Organic - Alcohol Based sector? The 1 Chemicals - Organic - Alcohol Based companies on this page carry ₹666 crore of combined market value. Kanoria Chemicals & Industries Ltd is the largest at ₹666 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-16. ### How is the Chemicals - Organic - Alcohol Based sector performing? 1 of the 1 covered Chemicals - Organic - Alcohol Based 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 2026-08-16. ### 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.