petrochemical stock
                     TOP 
PETROCHEMICAL  
STOCKS IN INDIA
As Crude Oil has been in focus lately with prices of Brent Crude 
Oil Futures  fluctuating, the world is paying special attention to 
oil, petroleum, and  petroleum products. Companies related to 
petroleum and petroleum  products are currently in focus. Thus, 
this would be an excellent opportunity  to take trades in the 
stocks of these companies. This requires a basic  understanding 
of the current scenario of crude oil and some background on  
what the company does so we can take positions based on oil 
price  movements. In this blog, we will be discussing the top 
petrochemical stocks  in India.
The Organization of Petroleum Exporting Countries projected 
robust  increase in crude oil demand for 2023 in their Monthly 
Oil Market Report.  The International Energy Agency also 
mentioned that they expect crude  oil demand to rise next year. 
These positive demand outlooks bode well  for petrochemical 
stocks and might lead to higher revenues for the  companies 
and better earnings per share for shareholders.
India imports crude oil for its requirements and most of it is 
currently  imported from Russia. Due to the recent price cap set on 
Russian oil by the G7  countries and due to European Union’s ban 
on Russian oil, India has been  buying this oil at more affordable 
prices. As crude oil becomes more  affordable, the input costs for 
petrochemical stocks will decrease, pulling up  their profit margins.
Top Petrochemical Stocks in India
Let us look at the list of best petrochemical stocks to help us decide 
which ones  are good investment opportunities. We will make our 
decision based on  financial ratios since we use Fundamental 
Analysis for long-term investment  decisions.
Net profit margin, 3 years CAGR net profit, return on equity, debt to 
equity
ratio, earnings per share, price to earnings ratio, dividend per share, 
promoter’s  shareholding, market capitalization, and change in 
revenue and net profit are
the fundamental analysis parameters we will take into 
consideration to select  best cement stocks for long term 
investments.
Castrol India 
Ltd.
Castrol India Ltd is one of the best petrochemical stocks for 
long term. It  is a subsidiary of Castrol Ltd. The company 
manufactures and markets  automotive and industrial 
lubricants. It serves the automotive,  industrial, marine, and 
oil and gas industries.
Castrol India has a market capitalization of ₹12,794.30 Cr 
and a P/E  Ratio of 15.79. The Dividend yield is 4.25% 
and the 0Promoter’s
shareholding is 51%. The company’s revenue increased by 
9.67% and  net profit decreased 9.22% in the July to 
September 2022 quarter.
Supreme Petrochem
Supreme Petrochem Ltd is a small cap company that 
manufactures  and sells specialty polymers, polystyrene, 
extruded polystyrene foam  boards, etc. in India and 
internationally. It provides general purpose,  high impact, 
and expandable polystyrene products.
Supreme Petrochem has a market capitalization of 
₹7103.26 Cr and a  P/E Ratio of 11.12. The Dividend yield is 
0.95% and the Promoter’s  shareholding is 64.14%. The 
company’s revenue fell by 16.9% and net  profit dropped 
68.78% in the July to September 2022 quarter.
Savita Oil Technologies
Savita Oil Technologies Ltd. was formerly known as Savita 
Chemicals  Ltd. It manufactures and markets petroleum 
products such as  lubricating oils, white oil, petrolatum, 
petroleum jellies, transformer  oils, liquid paraffin, etc. It also 
manufactures wax and derivatives of wax.
Savita Oil Technologies has a market capitalization of 
₹2180.12 Cr and a  P/E Ratio of 7.73. The Dividend yield is 
1.58% and the Promoter’s
shareholding is 71.81%. The company’s revenue dropped 
by nearly 4%  and net profit fell 22.99% in the July to 
September 2022 quarter.
Gulf Oil Lubricants India
Gulf Oil Lubricants India Ltd manufactures lubricants for 
automobiles  and industrial sectors. They manufacture engine 
oil, gear oils, greases,  thermic fluids, slideway oils, marine 
lubricants, turbine oils, hydraulic  oils, etc, It primarily exports 
its products to Bangladesh, Indonesia,  Qatar, Africa, and 
Singapore. The company was formerly called Hinduja  
Infrastructure Limited.
Gulf Oil Lubricants India has a market capitalization of 
₹2228.32 Cr and a  P/E Ratio of 9.71. The Dividend yield is 
1.10% and the Promoter’s
shareholding is 72.02%. The company’s revenue increased by 
almost 2%  and net profit slipped 5.45% in the July to 
September 2022 quarter.
Panama Petrochem
Panama Petrochem Ltd. manufactures specialty petroleum 
products  including paraffin oil, petroleum jellies, industrial 
oils, transformer oils,
etc. It provides its products to industries like textile, 
pharmaceuticals,  power, printing, rubber, etc.
Panama Petrochem has a market capitalization of 
₹2185.94 Cr and a  P/E Ratio of 9.02. The Dividend yield is 
0.18% and the Promoter’s
shareholding is 70.36%. The company’s revenue gained 
11.25% and net  profit rose by 4.69% in the July to 
September 2022 quarter.
Tide Water Oil Co (India)
Tide Water Oil Co (India) operated primarily under the 
Veedol  brand. It manufactures, engine oils, greases, 
transmission oils, brake  oils, coolants, and other vehicle 
care products. It also manufactures  specialty industrial 
lubricants, thermic fluids, etc. The company also  
generates wind power.
Tide Water Oil Co (India) has a market capitalization of 
₹1811.83 Cr  and a P/E Ratio of 14.83. The Dividend yield is 
5.29% and the  Promoter’s shareholding is 57.28%. The 
company’s revenue inched up  by 2.28% and net profit 
plummeted 38.71% in the July to September  2022 quarter.
Bhansali EnggPolymers
Bhansali Engg Polymers focuses mainly on the production 
of resins  which are highly specialized engineering 
thermoplastics. Its products  are used for electric 
applications, automotive sector, construction,  packaging, 
healthcare sector, etc.
Bhansali Engg Polymers has a market capitalization of 
₹1844.87 Cr and  a P/E Ratio of 7.75. The Dividend yield is 
2.70% and the Promoter’s  shareholding is 56.64%. The 
company’s revenue saw an increase of
6.23% and net profit dropped 12.77% in the July to 
September 2022  quarter.
DCW
DCW operates majorly in the PVC (polyvinyl chloride) and 
synthetic  rutile segment. It specializes in specialty 
chemicals, and commodity  chemicals. Their products are 
used as ingredients for manufacturing of  detergents, 
pharmaceuticals, fertilizers, pigments, etc.
DCW has a market capitalization of ₹1477.25 Cr and a P/E 
Ratio of
8.08. The Dividend yield is 0.08% and the Promoter’s 
shareholding  is 44.85%. The company’s revenue dropped 
by 9.24% and net profit  decreased 15.52% in the July to 
September 2022 quarter.
INEOS 
SINtEyOrSolution focuses on of
Sthtyeromluotpiolanstics,opermataingufianctuthrieng engineering  
sSepgemciaelntitess. It produces resins and polymers tahnadt are used in 
consumer  durables, office equipmePnotl,y stylirgehnteings, 
refrigerators, cosmetic jars,  food packaging products, 
automobile interiors & exteriors, etc.
INEOS Styrolution has a market capitalization of ₹1448.70 
Cr and a  P/E Ratio of 5.64. The Dividend yield is 36.05% 
and the Promoter’s  shareholding is 61.19%. The 
company’s revenue fell by 15.41% and net  profit plunged 
73.26% in the July to September 2022 quarter.
Manali Petrochemicals
Manali Petrochemicals produces petrochemical products 
used in  adhesives, automobiles, refrigeration, furniture, 
coating,  sealants, textile industries, etc. Some of its 
products also find use  in the pharma, fragrance, and 
food industries.
Manali Petrochemicals has a market capitalization of ₹1423.29 Cr 
and a P/E  Ratio of 4.89. The Dividend yield is 3.02% and the 
Promoter’s shareholding  is 44.86%. The company’s revenue slid 
12.04% and net profit fell plummeted  69.44% in the July to 
September 2022 quarter.
Above, we have summarized information regarding some of 
the best  petrochemical stocks in India. Investing in 
petrochemical stocks that  are currently in focus will surely 
lead to good returns on your  investment.
Read more about any information 
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