Archive · 29 Jan 2026
Two Chemical Stocks with High ROCE and No Debt
Two chemical companies in India, Supreme Petrochem and Tanfac Industries, are doing really well.
They make a lot of money compared to how much they spend (high ROCE) and they don't have much debt.
Supreme Petrochem makes things like polystyrene and has a big share of the market.
Tanfac Industries makes chemicals with fluorine and has a new big contract.
Both companies have grown a lot in the last five years, but their stock prices have gone down a bit recently.
Investors might want to look at these companies because they seem strong and stable.
Supreme Petrochem has a 50% market share in polystyrene and XPS boards in India.
Supreme Petrochem's 5-year average ROCE is 44%, significantly higher than the industry median of 21%.
Supreme Petrochem has a debt-to-equity ratio of 0.06, indicating it is virtually debt-free.
Tanfac Industries is India's largest supplier of fluorine chemicals with a 5-year average ROCE of 45%.
Tanfac Industries has a debt-to-equity ratio of 0.09 and has secured a 7-year supply contract with a Japanese client.
- Who
- Supreme Petrochem Limited and Tanfac Industries Ltd
- What
- Two chemical companies with high ROCE and low debt
- When
- Financial data from FY20 to FY26
- Where
- India
- Why
- To highlight companies with strong financial health and growth potential
- Supreme Petrochem Market Cap
- Rs 9,885 cr
- Supreme Petrochem 5-Year ROCE
- 44%
- Supreme Petrochem Debt-to-Equity Ratio
- 0.06
- Tanfac Industries Market Cap
- Rs 3,850 cr
- Tanfac Industries 5-Year ROCE
- 45%
- Tanfac Industries Debt-to-Equity Ratio
- 0.09
- Supreme Petrochem Share Price (Jan 2021)
- Rs 180
- Supreme Petrochem Share Price (Jan 2026)
- Rs 525
- Tanfac Industries Share Price (Jan 2021)
- Rs 185
- Tanfac Industries Share Price (Jan 2026)
- Rs 3,860