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Acutaas ChemicalsACUTAAS.NSCompetitor analysis, valuation and peers

India · INR·Pharma & Healthcare›Pharmaceuticals: Major

Manufactures specialty pharmaceutical and fine chemical intermediates, including fluorinated and iodine-based compounds, for global drugmakers.

≈ A niche Indian pharma-intermediate chemical makerMomentum leader 93
Mkt cap
$3.28B
US dollars, full cap
Free float
63%
of shares outstanding
$/day
$34.6M
20-day average traded
Fwd P/E
61.8×
forward earnings
ROIC−WACC
+15.9 pp
WACC 9.8%
Hurdle
n/a
no reverse DCF
Next earnings
100 days
14 Feb 2027
Close · INR₹3,787
1D+0.4%
1W-5.4%
1M+19.3%
3M+16.1%
6M+38.9%
YTD+122.1%
1Y+122.3%
ATR %4.5%
Beta0.75
52w lowhigh6.4% off high

What Acutaas Chemicals does

Manufactures specialty pharmaceutical and fine chemical intermediates, including fluorinated and iodine-based compounds, for global drugmakers.

In one line: A niche Indian pharma-intermediate chemical maker.

Products and services

  • Pharma intermediates
  • Specialty fluorochemicals
  • Contrast media intermediates

Customers

  • Global API/generic drug makers
  • Pharma companies

Where it sits in the supply chain

  • Fine chemical synthesis
  • Pharma intermediate manufacturing
  • Sale to API/formulation makers

What could go right

  • Pharma intermediate outsourcing to India
  • Capacity expansion

What could go wrong

  • Customer/product concentration
  • Chemical raw material price swings

Moat: narrow (process know-how, regulatory licence). Specialized fluorination/iodination chemistry capability is not widely replicated by peers.

Headquarters: Ahmedabad, India · Employees: 1,713

Named competitors

Acutaas Chemicals at a glance

Size Acutaas Chemicals (ACUTAAS.NS) is an India Health Care company (Pharmaceuticals: Major) with a market value of $3.28B, the 271st largest of 1,058 India companies the cockpit tracks. Shares closed at ₹3,787 on 6 Nov 2026.

Performance Over six months the shares gained 38.9%, against +2.0% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 20 in its peer set.

Growth Revenue grew 45.2% over the last twelve months (peer median +13.3%); the operating margin is 36.5% (peer median 12.6%).

Valuation It trades at 61.8× forward earnings against a peer median of 21.4× (2nd most expensive of 15).

Capital Return on invested capital runs 15.9 points above its cost of capital (9.8% WACC).

Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026ACUTAAS.NS 138Peer median 103
Six months, rebased to 100: Acutaas Chemicals against the median of its 20 peers (local-currency closes).

Acutaas Chemicals financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹15.9B₹13.4B₹10.1B₹7.17B₹6.17B
Revenue growth—+33%+40%+16%—
Gross profit₹7.68B₹5.31B₹2.73B₹1.58B₹1.60B
EBITDA₹6.23B₹4.84B₹2.34B₹1.30B₹1.25B
Net income₹4.39B₹3.56B₹1.59B₹428M₹833M
Free cash flown/a-₹285M-₹717M-₹1.93B-₹311M
Capital expendituren/a₹3.28B₹1.95B₹3.15B₹964M
Total debt₹151M₹356M₹129M₹2.17B₹36.0M

Quarterly statements and history in the cockpit →

Acutaas Chemicals competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+50%0%+25%+50%0867600511VRDNWOCKPHARMAARQT600535PPLPHARMATARS0027732696VKTX002262IDYA688266ACUTAAS.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Acutaas Chemicals is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%0×50×100×150×0867600511ARQT600535PPLPHARMA00277326963001993005586882662096OGNACADACUTAAS.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Acutaas Chemicals is the large dot.

Acutaas Chemicals competitors and peer comparison

Head to head with its named competitors (ACUTAAS.NS vs NAVINFLUOR.NS vs SRF.NS vs NEOGEN.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Acutaas Chemicals ACUTAAS.NS$3.28B+39%+45%36%61.8×n/a
Navin Fluorine International NAVINFLUOR.NS$4.89B+27%+46%30%45.6×34.0%
Srf SRF.NS$7.67B-11%+20%19%30.3×25.2%
Neogen Chemicals NEOGEN.NS$809M+47%+27%14%109.3×n/a

How Acutaas Chemicals compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Acutaas Chemicals against its 20 peers (data as of 6 Nov 2026)
MeasureACUTAAS.NSPeer medianRank in peer set
1-month return+19.3%+1.2%2nd highest of 21
6-month return+38.9%+2.0%2nd highest of 20
Distance from 52-week high-6.4%-25.8%4th highest of 21
Revenue growth (TTM)+45.2%+13.3%5th highest of 19
Operating margin36.5%12.6%highest of 19
Forward P/E61.8×21.4×2nd most expensive of 15
ROIC minus cost of capital+15.9 pp+3.9 pp2nd highest of 16
EV / EBITDA49.4×24.3×2nd most expensive of 9
Net debt / EBITDA-0.5×0.7×5th least indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Acutaas Chemicals ACUTAAS.NSIndia$3.28B+39%+45%36%61.8×n/an/a
China Medical System 0867.HKHong Kong$3.30B-16%+15%20%10.9×2.9%+2.7%
China National Medicines 600511.SSChina$3.31B+2%+3%4%10.7×-9.8%+5.4%
Viridian Therapeutics VRDNUnited States$3.23B+72%-63%-1,781%n/an/an/a
Wockhardt WOCKPHARMA.NSIndia$3.35B+19%+26%13%n/a56.9%+4.2%
Arcutis Biotherapeutics ARQTUnited States$3.21B+21%+76%7%37.9×48.9%+367.3%
Tasly Pharmaceutical 600535.SSChina$3.20B-5%-4%19%16.5×-7.6%-9.6%
Piramal Pharma PPLPHARMA.NSIndia$3.37B+30%+9%3%159.9×n/an/a
Tarsus Pharmaceuticals TARSUnited States$3.38B+12%+86%-10%n/a31.9%+159.5%
Chengdu Kanghong Pharmaceutical 002773.SZChina$3.18B-7%-11%24%21.3×-2.2%+7.0%
Shanghai Henlius Biotech 2696.HKHong Kong$3.41B-37%+33%12%23.8×15.2%+61.4%
Viking Therapeutics VKTXUnited States$3.42B-17%n/an/an/an/an/a
Jiangsu Nhwa Pharmaceutical 002262.SZChina$3.47B+2%+3%19%19.6×-2.2%+12.0%
Hybio Pharmaceutical 300199.SZChina$3.08B+16%+70%31%51.4×40.1%+6.1%
Parabilis Medicines PBLSUnited States$3.52Bn/an/an/an/an/an/a
IDEAYA Biosciences IDYAUnited States$3.02B+10%-83%-1,267%n/an/an/a
Betta Pharmaceuticals 300558.SZChina$3.01B-9%+16%11%44.2×25.2%+14.0%
Suzhou Zelgen Biopharmaceuticals 688266.SSChina$3.60B-13%+136%29%43.4×20.5%+98.4%
Simcere Pharmaceutical 2096.HKHong Kong$3.63B-7%+27%18%14.3×-2.8%+10.6%
Organon & OGNUnited States$3.64B+4%-3%20%4.0×-4.5%-1.0%
ACADIA Pharmaceuticals ACADUnited States$3.66B-5%+12%8%21.5×16.7%+19.4%

Questions

Who are Acutaas Chemicals's main competitors?
Named competitors: Navin Fluorine (NAVINFLUOR.NS), SRF Limited (SRF.NS), Neogen Chemicals (NEOGEN.NS). The cockpit's measured peer set (industry) also includes China Medical System (0867.HK), China National Medicines (600511.SS), Viridian Therapeutics (VRDN), Wockhardt (WOCKPHARMA.NS), Arcutis Biotherapeutics (ARQT), Tasly Pharmaceutical (600535.SS).
Is Acutaas Chemicals expensive compared with its peers?
On forward p/e it trades at 61.8× against a peer median of 21.4×, 2nd most expensive of 15 in its peer set.
How has Acutaas Chemicals stock performed?
Over six months to 6 Nov 2026 the shares returned +38.9% against +2.0% for the median peer; over one year +122.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.