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9 Best Agricultural Sector Stocks in India

11 May 2022

The agricultural industry is, without a doubt, one of the most crucial sectors in the Indian economy. As per the Ministry of Agriculture & Farmers Welfare, the share of the agriculture industry and allied sectors in Gross Value Added of the country was 20.2% at current prices for FY 2020-21. With Inc42 estimating the Indian agricultural sector to expand to US$24 billion by 2025, there appears to be an excellent opportunity for investors.

Here are a few agricultural stocks to check in India. 

Best Agricultural Stocks in India – NSE, and BSE

UPL Ltd.
PI Industries Ltd.
Coromandel International Ltd.
Bayer CropScience
Sumitomo Chemical India Ltd.
DCM Shriram Ltd.
Chambal Fertilisers and Chemicals Ltd.
Godrej Agrovet Ltd.
EID Parry (India) Ltd.
  • UPL Ltd.

Market capitalisation as of October 29, 2021: Rs. 56,554 crore

Headquartered in Mumbai, Maharashtra, UPL Ltd. is one of the leading players in the industry. This company engages in the manufacturing and distribution of industrial chemicals, agrochemicals, specialty chemicals, and more. UPL’s portfolio of products includes over 100 insecticides and rodenticides. Further, the company offers its products for sale in more than 120 worldwide, including Canada, Brazil, Japan, Spain, and more. 

  • PI Industries Ltd.

Market capitalisation as of October 29, 2021: Rs. 45,514 crore

Another key player in the market is PI Industries. Founded in 1947, this company has a strong foothold in domestic as well as international markets. PI Industries has set up a state-of-the-art production unit in Gujarat. The various divisions of this company include agricultural inputs, fine chemicals, and polymers.

  • Coromandel International Ltd.

Market capitalisation as of October 29, 2021: Rs. 23,052 crore

Coromandel International Ltd has a multifaceted portfolio of products and services across the agricultural value chain. It has a presence in different segments, including financial services, automobile components, plantations, and more. It is a subsidiary of Murugappa Group, which provides an extensive range of products and services under reputed banners, such as Shanthi Gears, BSA, Montra, and more.

  • Bayer CropScience

Market capitalisation as of October 29, 2021: Rs. 22,418 crore

Established in 1958, Bayer CropScience engages in the production and distribution of various agrochemical products. Such products include fungicides, herbicides, and insecticides. This company operates through three segments- crop protection, bioscience and environmental science. Its bioscience division focuses on plant breeding procedures as well as planning biotechnology to improve the quality of crops. The environmental science division engages in the provision of products and services related to pest management.

  • Sumitomo Chemical India Ltd.

Market capitalisation as of October 29, 2021: Rs. 18,777 crore

Sumitomo Chemical is one of the major players in the industry. This company has a balanced portfolio of formulation as well as technical products. It has backward integration of a few products. Sumitomo Chemical India domestically markets the products manufactured by its holding company in various segments.

Such divisions include animal nutrition, agrochemicals and environmental health. This company has an impressive portfolio of speciality as well as generic products. This along with a strong marketing network helps with its distribution. This company has established its presence in different parts of the world, including Africa.

  • DCM Shriram Ltd.

Market capitalisation as of October 29, 2021: Rs. 15,402 crore

DCM Shriram is a conglomerate that operates in multiple sectors, including energy and agriculture, through its subsidiaries. This company engages in the production of a diverse range of products, such as fertilizers, caustic soda, calcium carbide, textiles, cement, and more. The manufacturing facilities of this company are located in Rajasthan, Gujarat, and Uttar Pradesh.

  • Chambal Fertilisers and Chemicals Ltd.

Market Capitalisation as of October 29, 2021: Rs. 15,387 crore

Chambal Fertilisers manufactures urea utilising its own production facilities. It markets various other fertilizers as well as agricultural inputs. This company operates through three divisions- Birla Textile Mills, India Steamship, and agri-inputs. Chambal Fertilisers and Chemicals has an extensive marketing network, which includes more than 1,600 dealers and more than 10 regional offices. The company has a joint venture in Morocco, which engages in the production of phosphoric acid.

  • Godrej Agrovet Ltd.

Market Capitalisation as of October 29, 2021: Rs. 11,403 crore

Godrej Agrovet Ltd. is another leading player in the market and a popular company as well. It carries out diversified agri-business operations that are heavily reliant on research and development. The company puts emphasis on introducing new products and services that enhance the output of farmers. Godrej Agrovet has a favourable market position in various divisions of its operations. Such segments include processed foods, animal feed, and crop protection.

  • EID Parry (India) Ltd.

Market Capitalisation as of October 29, 2021: Rs. 8,101 crore

EID Parry (India), incorporated in 1975, this company’s product portfolio comprises sugars, bioproducts and nutraceuticals. EID Parry’s Agritech Research Centre in Bangalore is focused on biopesticides, organic fertilizers, and sugar. Two production facilities of this company- one in Pudukottai and another in Nellikuppam – have been awarded ISO 14001 certifications for ensuring high-quality standards. 

Your Take

With favourable projections suggesting that the agricultural sector in India is set to expand in the next few years, investors may consider investing in agriculture-related stocks. 

While the above list mentions a few leading companies in this industry, there are many others as well. 

So before investing, ensure to check the fundamentals, past performance and other financial factors also.

Disclaimer: The views expressed in this post are that of the author and not those of Groww. Groww in no way advises or endorses the particular stocks mentioned in this article.

 

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Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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