Top 10 Chemical Manufacturing Companies in India

Here is the list of Top 10 Chemical Companies in India which is listed based on the turnover. India ranks 6^th in the world in Chemicals sales and contributes 3% to global chemical industry. Market size of the Chemicals industry in India stood at $180 bn in 2020.

List of Top Chemical Companies in India

The list is sorted out in descending order.

8. Bayer CropScience Ltd

Bayer established its presence in India in 1896 when the first wholly-owned subsidiary of Bayer in Asia “Farbenfabriken Bayer and Co. Ltd.” was set up in Mumbai. With Bayer expanding its activities in emerging markets, India is of strategic importance to Bayer’s activities worldwide.

• Sales₹ 5,212 Cr.
• Operating profit₹ 954 Cr.
• Net profit₹ 784 Cr.
• Sales last year₹ 5,140 Cr.
• EBIDT last year₹ 988 Cr.

The Bayer Group in India includes the Crop Science and Pharmaceuticals divisions as well as the Animal Health business unit. It is among the top chemical companies in India

• Total Assets₹ 4,679 Cr.
• Reserves₹ 2,667 Cr.
• Debt₹ 73.5 Cr.
• Debt to equity0.03
• Dividend yield2.46 %
• Face value₹ 10.0
• ROE 5Yr22.0 %
• ROCE33.7 %
• ROCE 3Yr31.8 %
• Return on equity25.9 %

The Crop Science Division is Bayer’s largest business in India with businesses in seeds & traits, crop protection, bio-ag and non-agricultural pest control (Environmental Science).

Seeds & Traits, as well as Crop Protection, market a broad portfolio of high-value seeds and innovative pest management solutions, while at the same time providing extensive customer service for sustainable agriculture. The Environmental Science unit provides products and services for vector control and professional pest control.

7. P I Industries Ltd

Founded and Incorporated in 1946 by the name Mewar Oil & General Mills Ltd. PI Industries Limited is a holding company. The Company is engaged in the manufacturing and distribution of agrochemicals.

Its geographical segments include Sales within India and Sales outside India. The Company manufactures agrochemicals, plant nutrients and plant protection, specialty fertilizers and hybrid seeds.

• Sales₹ 6,859 Cr.
• Operating profit₹ 1,658 Cr.
• Net profit₹ 1,350 Cr.
• Sales last year₹ 6,492 Cr.
• EBIDT last year₹ 1,710 Cr.

It offers insecticides under various brands, including LEPIDO, DODGER, COLT, OSHEEN, COLFOS, FOSMITE, JUMBO, FORATOX, CARINA, MAXIMA, and VIBRANT. The Company offers fungicides under brands, which include CUPRINA, LURIT, KITAZIN, SANIPEB, CLUTCH, and LOGIK.

• Total Assets₹ 8,480 Cr.
• Reserves₹ 7,183 Cr.
• Debt₹ 46.5 Cr.
• Debt to equity0.01
• Dividend yield0.29 %
• Face value₹ 1.00
• ROE 5Yr17.5 %
• ROCE21.7 %
• ROCE 3Yr20.3 %
• Return on equity18.5 %

It offers herbicides under the brands, including SOLARO, NOMINEE GOLD, INRO, BINGO, PIMIX, BUNKER, and MELSA. Its specialty products include BIOVITA Granules and BIOVITA Liquid. The company is seventh largest in top chemical companies in India

6. Atul Ltd

Atul is an integrated chemical company serving about 6,000 customers belonging to 27 industries across the world. The Company has established subsidiary companies in the USA (1994), the UK (1996), China (2004), Brazil (2012) and the UAE (2015).

Atul manages almost all unit processes and unit operations to manufacture about 1,350 products and formulations and has state-of-the-art facilities and processes to ensure the safety and treatment of gaseous, liquid and solid pollutants. The Company is ISO 14001 certified.

• Sales₹ 5,133 Cr.
• Operating profit₹ 724 Cr.
• Net profit₹ 445 Cr.
• Sales last year₹ 5,428 Cr.
• EBIDT last year₹ 915 Cr.

The Bulk Chemicals and Intermediates Business was established in 1960 to meet the captive requirement of the Company, particularly of Sodium hydroxide, Chlorine, Sulphuric acid, Oleum, and Sulphur trioxide.

The Business has the distinction of being the only manufacturer of Resorcinol in India. It also manufactures value-added products like Resorcinol formaldehyde resins, 1-3 Cyclohexanedione and Anisole.

• Total Assets₹ 5,752 Cr.
• Reserves₹ 4,642 Cr.
• Debt₹ 52.2 Cr.
• Debt to equity0.01
• Dividend yield0.36 %
• Face value₹ 10.0
• ROE 5Yr16.1 %
• ROCE15.3 %
• ROCE 3Yr19.2 %
• Return on equity11.5 %

The research and manufacturing facilities are located at Atul, Gujarat. With a portfolio of 26 products, Bulk Chemicals and Intermediates serves about 200 customers in 20 countries.

5. Aarti Industries Ltd

• Sales₹ 6,422 Cr.
• Operating profit₹ 1,009 Cr.
• Net profit₹ 480 Cr.
• Sales last year₹ 6,619 Cr.
• EBIDT last year₹ 1,090 Cr.

Aarti Industries is a leading Indian manufacturer of Speciality Chemicals and Pharmaceuticals with a global footprint. The company is the fifth-largest in top chemical companies in India based on Sales.

• Total Assets₹ 8,581 Cr.
• Reserves₹ 4,739 Cr.
• Debt₹ 2,907 Cr.
• Debt to equity0.59
• Dividend yield0.51 %
• Face value₹ 5.00
• ROE 5Yr19.4 %
• ROCE10.4 %
• ROCE 3Yr15.1 %
• Return on equity11.6 %

Chemicals manufactured by Aarti are used in the downstream manufacture of pharmaceuticals, agrochemicals, polymers, additives, surfactants, pigments, dyes, etc.

4. Pidilite Industries Ltd

Since its inception in 1959, Pidilite Industries Limited has been a pioneer in consumer and specialties chemicals in India. Pidilite is a consumer-centric company committed to quality and innovation.

• Sales₹ 11,973 Cr.
• Operating profit₹ 2,159 Cr.
• Net profit₹ 1,405 Cr.
• Sales last year₹ 11,799 Cr.
• EBIDT last year₹ 2,040 Cr.

For decades, the company has been pioneering products for small to large applications, at home and industry, which have forged strong bonds with people from all walks of life. Fevicol, Fevikwik, M-Seal and Dr. Fixit are market leaders. 

The company has three fully-equipped in-house R&D centers in India and five state-of-the-art technical research and innovation centers in Singapore, Thailand, Brazil, Dubai, and the USA.

• Total Assets₹ 10,505 Cr.
• Reserves₹ 7,161 Cr.
• Debt₹ 391 Cr.
• Debt to equity0.05
• Dividend yield0.45 %
• Face value₹ 1.00
• ROE 5Yr22.0 %
• ROCE23.8 %
• ROCE 3Yr25.8 %
• Return on equity18.7 %

From adhesives, sealants, waterproofing solutions, and construction chemicals to arts & crafts, industrial resins, polymers and more, The product portfolio is as diverse as it is ever-evolving.

3. Tata Chemicals Ltd

Established in 1939 in Mithapur in the Indian state of Gujarat, Tata Chemicals Limited (TCL) is a part of the US$ 110 billion Tata Group. A global company, The company serves customers across 40+ countries on five continents.

• Sales₹ 17,012 Cr.
• Operating profit₹ 3,759 Cr.
• Net profit₹ 2,384 Cr.
• Sales last year₹ 16,789 Cr.
• EBIDT last year₹ 3,981 Cr.

The company brings together knowledge, expertise and innovation prowess to positively impact industries, consumers and farmers with science-led products spread across three business verticals – Basic Chemistry and Specialty Chemistry.

• Total Assets₹ 34,940 Cr.
• Reserves₹ 19,466 Cr.
• Debt₹ 6,296 Cr.
• Debt to equity0.32
• Dividend yield1.73 %
• Face value₹ 10.0
• ROE 5Yr15.8 %
• ROCE11.6 %
• ROCE 3Yr7.99 %
• Return on equity12.0 %

The story of the company is about harnessing the fruits of science for goals that go beyond business. Tata Chemicals has been rated as one of the top 10% in Business and Consumer brands across all industry and consumer brand categories in India by Superbrands™. The company is the 3rd largest soda ash manufacturer and the 6th largest sodium bicarbonate manufacturer in the world. 

2. Coromandel International Ltd

Coromandel International Limited, India’s second-largest Phosphatic fertilizer player, is in the business segments of Fertilizers, Specialty Nutrients, Crop Protection, and Retail. The Company manufactures a wide range of fertilizers and markets around 4.5 million tons making it a leader in its addressable markets.

• Sales₹ 29,592 Cr.
• Operating profit₹ 2,920 Cr.
• Net profit₹ 2,008 Cr.
• Sales last year₹ 29,628 Cr.
• EBIDT last year₹ 3,063 Cr.

In its endeavor to be a complete plant nutrition solutions Company, Coromandel has also introduced a range of Specialty Nutrient products including Organic Fertilizers. The Crop Protection business produces insecticides, fungicides and herbicides and markets these products in India and across the globe.

Coromandel is the second-largest manufacturer of Malathion and only the second manufacturer of Phenthoate. Coromandel has also ventured into the retail business setting up around 800 rural retail centers in the States of Andhra Pradesh, Telangana, Karnataka, and Maharashtra.

• Total Assets₹ 14,235 Cr.
• Reserves₹ 7,878 Cr.
• Debt₹ 393 Cr.
• Debt to equity0.05
• Dividend yield1.02 %
• Face value₹ 1.00
• ROE 5Yr27.2 %
• ROCE38.3 %
• ROCE 3Yr35.0 %
• Return on equity28.1 %

The Company clocked a turnover of Rs. 13,240 Crore during FY 2018-19. lt was ranked among the top 20 best companies to work for by Business Today and was also voted as one of the ten greenest companies in India by TERI, reflecting its commitment to the environment and society. Coromandel is a part of the INR 369 Billion (36,893 Crores) Murugappa Group.

1. UPL Limited

UPL is engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, specialty chemicals and production and sale of field crops and vegetable seeds.

• Sales₹ 51,718 Cr.
• Operating profit₹ 9,239 Cr.
• Net profit₹ 3,511 Cr.
• Sales last year₹ 53,576 Cr.
• EBIDT last year₹ 10,809 Cr.

The 5th Largest agrochemical company in the world, after the acquisition of Arysta LifeScience, UPL is a global leader in global food systems. With a revenue of US$3.14 billion, UPL is now present in 130+ countries.

• Total Assets₹ 86,115 Cr.
• Reserves₹ 29,694 Cr.
• Debt₹ 23,985 Cr.
• Debt to equity0.80
• Dividend yield1.63 %
• Face value₹ 2.00
• ROE 5Yr14.6 %
• ROCE14.3 %
• ROCE 3Yr13.8 %
• Return on equity13.4 %

The Company has market access to 90% of the world’s food basket and is focused on ushering growth and progress for the complete agricultural value chain including growers, distributors, suppliers and innovation partners.