Best Fertilizers Stocks in India

(The stocks mentioned in the blog are as per Market Capitalisation)

Fertilizers are crucial for agriculture, providing essential nutrients for crop growth and development, thus significantly impacting overall yield.

The fertilizer industry in India plays a vital role in boosting agricultural output, addressing food security concerns and generating rural employment. Being a fundamental sector in the country, fertilizer production in India has consistently shown positive growth.

Fertilizer Industry in India - A Brief Overview

The Indian fertilizer sector plays a crucial role in agriculture by improving soil fertility and promoting plant growth. It offers various types of fertilizers like nitrogenous, potassium, phosphatic and organic ones, tailored to different soil and crop needs. India has one of the world's biggest fertilizer industries, driven by high agricultural demand. The sector is consistently growing due to increased farming, government aid and technological advancements.

Both domestic production and significant imports fulfil India's fertilizer requirements. Government support through policies and schemes like Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) encourages fertilizer usage and agricultural productivity. Innovations such as precision farming and bio-fertilizers improve efficiency and market expansion.

Awareness of sustainable farming practices is rising, leading to a surge in organic and eco-friendly fertilizers. Collaborations and agreements between companies further fuel market growth and widen the availability of specialised fertilizers.

The fertilizer industry in India has grown mainly due to higher domestic production, meeting about 73% of demand in 2025, with forecasts of a CAGR (compound annual growth rate) of 8.8 to 11.9% all through 2026 and beyond.

The aim is to reach a market value of $14 billion or more by 2030, with Government support for self-sufficiency in production and several major entities dominating the market. The estimated market value in 2024 was $10.8 billion, while domestic production in 2025 reached a record 52.46 million tonnes (MT), up from 43.32 MT in 2021.

In a further boost for the sector, an allocation of ₹2.04 lakh crore for the Nutrient-Based Subsidy (NBS) was made between 2022 and 2025, with considerable increases in the DAP subsidy in the Rabi 2025-26 schedule.

Top Fertilizer Stocks in India in 2026 as per Market Capitalisation

The following table provides the top fertilizer stocks list in India in 2026, sorted as per market capitalisation:

Overview of Best Fertilizer Stocks in India as per Market Capitalisation

Here is a comprehensive overview of the best fertilizer stocks in India in 2026 as per market capitalisation:

1) Coromandel International Ltd.

Founded in 1906, Coromandel International Limited manufactures and trades farm inputs such as fertilizers, crop protection solutions, speciality nutrients and organic compost. The company established its first fertilizer plant in Ranipet, Tamil Nadu. It operates through 2 main segments - crop nutrition and crop protection. Under the crop nutrition segment, it offers fertilizers, organic nutrients and speciality nutrients. 

Coromandel provides fertilizers containing phosphate, nitrogen, potassium and calcium in different grades, which are sold under various brands like Grosmart, Gromor 15-15-15-09, GroShakti Plus, Godavari Ultra DAP, Paramfos, Gromor MOP, Godavari DAP and Gromor Urea. Meanwhile, the crop protection section includes insecticides, herbicides, fungicides, and bio-products.

Notably, Coromandel International Limited holds the distinction of being the world's largest producer of neem-based bio-pesticides, and a prominent marketer of organic fertilizers. It boasts the largest agri-retail network in the country, with more than 750 retail stores across India.

2) UPL Ltd.

Formerly known as United Phosphorous Limited, UPL Ltd is a global leader in the sustainable agricultural solutions industry. Headquartered in Mumbai, it manufactures crop protection products, post-harvest solutions, and seeds. It has a presence in 140 countries, while focusing more on sustainability and innovation to enable global food security. 

The multinational agribusiness company specialises in agrochemicals, such as insecticides, fungicides, and herbicides, and also offers seeds under its Advanta division. It also offers biosolutions and is one of the biggest crop protection providers worldwide. The company was founded by Rajnikant Shroff in 1969 and has multiple manufacturing units. 

3) Fertilisers & Chemicals Travancore Ltd (FACT)

Incorporated in 1943, Fertilisers And Chemicals Travancore Limited (FACT) was India's first large-scale fertilizer plant in Udyogamandal. The company provides products in 3 segments - fertilizers, caprolactam, and by-products. FACT’s by-products segment includes products such as anhydrous ammonia, cyclohexanone, coloured ammonium sulphate, soda ash, cyclohexane, nitric acid, gypsum, and sulphuric acid.

The company’s Cochin division has a production capacity of 4,85,000 tons per year of complex fertilizer, about 3,30,000 tons per year of sulfuric acid, and over 1,15,200 tons per year of phosphoric acid. Its Udyogamandal Plants have an installed capacity of around 76,050 tonnes of nitrogen and 29,700 tonnes of phosphorus pentoxide.

4) Bayer Cropscience Ltd

Bayer CropScience Ltd is a subsidiary of Bayer AG, a renowned global life sciences company, and operates in the crop protection, environmental science, and seeds categories. The company is headquartered in Mumbai and focuses mainly on enhancing agricultural productivity through cutting-edge technologies, such as innovative chemical solutions and genetically modified seeds, thereby ensuring more sustainable farming practices. 

The company offers fungicides, insecticides, herbicides, and digital farming tools. In India, the publicly listed company arm offers solutions for a range of crops, including cotton, rice, and corn, while encouraging regenerative agriculture. It has partnerships with farmers through several innovative programs, such as BayGAP, to enhance market access and farming practices. The aim here is to enhance overall yields while preserving nature alongside. 

5) Chambal Fertilisers and Chemicals Ltd

Accounting for around 13% of the total urea produced in India, Chambal Fertilisers and Chemicals Limited operates 3 hi-tech nitrogenous fertilizer plants in Gadepan, Rajasthan. 

The company is involved in both urea production and the marketing of various fertilizers and agricultural inputs. These include ammonium phosphate sulphate (APS), muriate of potash (MOP), di-ammonium phosphate (DAP), and different grades of nitrogen, phosphorus, and potassium (NPK) fertilizers, sulphur, micronutrients and agrochemicals. Additionally, it offers crop protection products, including fungicides, insecticides, and herbicides.

Chambal Fertilisers caters to farmers' requirements in approximately 10 states across northern, eastern, central and western India. It holds the position of being the primary fertilizer supplier in Rajasthan, Madhya Pradesh, Punjab and Haryana. The company's subsidiaries include Chambal Infrastructure Ventures Limited, CFCL Ventures Limited, ISG Novasoft Technologies Limited and ISGN Corporation.

Factors to Consider Before Investing in Fertilizer Stocks in India

The following are some crucial factors you must consider before buying fertilizer stocks in India:

• Agricultural Output
  

When agricultural production in multiple regions is strong, there is more demand for fertilizers, which boosts stock prices. However, if crop production is weak due to poor weather or poor soil conditions, companies in this sector may see their stock prices drop.

• Commodity Prices
  

When prices of fertilizers like ammonium nitrate and urea are high, companies make more profit, and their stock prices go up. However, if prices are low or keep changing a lot, these companies might lose money, causing the price of fertilizer sector stocks to fall.

• Geopolitical Risks
  

Consider geopolitical risks that may affect fertilizer supply chains, such as trade disputes, international sanctions, or political instability in key fertilizer-producing regions.

• Demand for Fertilizers
  

Analyse the demand for fertilizers in India, which is heavily influenced by factors such as population growth, food consumption patterns, government policies, and agricultural practices. Understanding seasonal variations in demand is also important.

• Government Policies and Subsidies
  

Government policies play a significant role in the fertilizer industry, including subsidies on fertilizers, pricing regulations, and import/export policies. Changes in government policies can have a direct impact on the profitability of fertilizer companies.

Should You Invest in Fertilizer Stocks?

Fertilizer stocks present an opportunity for potential long-term capital growth within the agriculture sector. However, the fertilizer industry has its ups and downs due to fluctuations in commodity prices, weather patterns and government policies related to agriculture. Therefore, before investing, it is crucial to conduct in-depth research on the fertilizer stocks you are interested in buying.

When selecting the best fertilizer stocks for your investment portfolio, you must take into account factors such as your risk tolerance, the stock's historical performance, company financials, market capitalisation and future business prospects. By carefully considering these factors, you can make informed decisions about investing in fertilizer stocks.

The Bottom Line 

Investing in fertilizer stocks in India requires careful consideration of various factors, as mentioned above. While fertilizer stocks offer potential long-term growth opportunities within the agriculture sector, they are subject to fluctuations influenced by external factors. 

Therefore, thorough research and evaluation of factors are essential for making informed investment decisions.