After fintech and edutech, the agri-tech sector is getting a lot of attention from investors in India. The Indian agriculture sector, forestry, and fishing sector contribute to ~20% of India’s GDP, and according to Inc42, the Indian agricultural sector is predicted to increase to US$ 24 bn by 2025. With all these going on, it may be the right time to have a good look at agriculture stocks. In this article, let’s dive into the best agriculture sector stocks in India based on multiple parameters, along with some facts and initiatives about the industry.
Table of Contents
Best agriculture stocks in India
Here are lists of the best agricultural companies based on various factors.
Based on the market capitalisation
| Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio (%) |
| UPL Ltd | Fertilisers & Agro Chemicals | 49,547.61 | 644.25 | 13.88 |
| Fertilisers And Chemicals Travancore Ltd | Fertilisers & Agro Chemicals | 29,483.83 | 475.70 | 48.10 |
| Coromandel International Ltd | Fertilisers & Agro Chemicals | 28,248.75 | 964.35 | 14.03 |
| Bayer Cropscience Ltd | Fertilisers & Agro Chemicals | 20,858.97 | 4,671.95 | 27.51 |
| Chambal Fertilisers and Chemicals Ltd | Fertilisers & Agro Chemicals | 11,395.99 | 272.40 | 11.02 |
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd | Fertilisers & Agro Chemicals | 9,252.86 | 599.00 | 6.29 |
| Godrej Agrovet Ltd | Agro Products | 8,890.53 | 464.40 | 29.45 |
| Deepak Fertilisers and Petrochemicals Corp Ltd | Fertilisers & Agro Chemicals | 7,677.15 | 609.20 | 6.34 |
| Gujarat State Fertilizers and Chemicals Ltd | Fertilisers & Agro Chemicals | 6,678.48 | 167.55 | 5.28 |
| Rashtriya Chemicals and Fertilizers Ltd | Fertilisers & Agro Chemicals | 6,487.85 | 116.85 | 6.71 |
Note: The list of agricultural stocks is based on the following parameters and sorted using Tickertape Stock Screener on 11th July 2023.
- Sector: Fertilisers & Agro Chemicals, Agro Products, and Agricultural & Farm Machinery.
- Market Cap: Sort from highest to lowest
Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.
Based on the net profit margin
| Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio (%) | Net Profit Margin (%) |
| SC Agrotech Ltd | Agro Products | 7.19 | 12.55 | 3.62 | 64.82 |
| Neelamalai Agro Industries Ltd | Agro Products | 213.86 | 3,450.00 | 7.60 | 48.06 |
| Raghuvansh Agrofarms Ltd | Agro Products | 244.31 | 205.00 | 42.94 | 36.78 |
| Kilpest India Ltd | Fertilisers & Agro Chemicals | 312.52 | 421.05 | 13.79 | 32.83 |
| Jolly Merchants Ltd | Agricultural & Farm Machinery | 7.58 | 8.00 | 17.63 | 26.06 |
| Titan Biotech Ltd | Fertilisers & Agro Chemicals | 213.62 | 251.80 | 8.60 | 17.02 |
| India Pesticides Ltd | Fertilisers & Agro Chemicals | 2,536.48 | 222.00 | 17.71 | 15.95 |
Note: The list of agricultural stocks is based on the following parameters and sorted using Tickertape Stock Screener on 11th July 2023.
- Sector: Fertilisers & Agro Chemicals, Agro Products, and Agricultural & Farm Machinery.
- Net Profit Margin: Set to High – Sort from highest to lowest
Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.
Based on the highest dividend yield
| Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio (%) | Dividend Yield (%) |
| Gujarat State Fertilizers and Chemicals Ltd | Fertilisers & Agro Chemicals | 6,678.48 | 167.55 | 5.28 | 5.97 |
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd | Fertilisers & Agro Chemicals | 9,252.86 | 599.00 | 6.29 | 5.04 |
| Rashtriya Chemicals and Fertilizers Ltd | Fertilisers & Agro Chemicals | 6,487.85 | 116.85 | 6.71 | 4.51 |
| Uniphos Enterprises Ltd | Fertilisers & Agro Chemicals | 1,181.58 | 167.65 | 30.12 | 3.83 |
Note: The list of agricultural stocks is based on the following parameters and sorted using Tickertape Stock Screener on 11th July 2023.
- Sector: Fertilisers & Agro Chemicals, Agro Products, and Agricultural & Farm Machinery.
- Dividend Yield: Set to High – Sort from highest to lowest
Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.
Based on the highest relative volume
| Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio (%) | Relative Volume |
| Narmada Agrobase Ltd | Agro Products | 27.84 | 20.55 | 42.83 | 3.70 |
| Indo Us Bio-Tech Ltd | Agro Products | 365.30 | 347.95 | 50.46 | 3.39 |
| James Warren Tea Ltd | Agro Products | 106.11 | 240.60 | 11.18 | 3.29 |
| Nath Bio-Genes (I) Ltd | Agro Products | 408.97 | 219.30 | 11.67 | 2.88 |
| Adarsh Plant Protect Ltd | Agricultural & Farm Machinery | 19.01 | 18.50 | 146.23 | 2.35 |
| Zuari Agro Chemicals Ltd | Fertilisers & Agro Chemicals | 709.52 | 168.70 | 1.49 | 2.11 |
| Narmada Macplast Drip Irrigation Systems Ltd | Agricultural & Farm Machinery | 3.89 | 10.21 | 389.11 | 2.03 |
| Nagarjuna Agri Tech Ltd | Agro Products | 5.87 | 5.95 | -34.50 | 2.00 |
| Tinna Trade Ltd | Agro Products | 21.33 | 25.50 | -8.11 | 1.89 |
| Godrej Agrovet Ltd | Agro Products | 8,890.53 | 464.40 | 29.45 | 1.88 |
Note: The list of agricultural stocks is based on the following parameters and sorted using Tickertape Stock Screener on 11th July 2023.
- Sector: Fertilisers & Agro Chemicals, Agro Products, and Agricultural & Farm Machinery.
- Relative Volume: Set to High – Sort from highest to lowest
Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.
5 facts about the Indian agriculture sector
- The food and grocery market in India is the sixth-largest in the world. The food processing industry contributes 32% to this food market and is also one of the largest industries in the country, contributing 13% to total export and 6% of industrial investment.
- The agriculture sector has recorded a sharp increase in investments with a cumulative FDI inflow of $2,600.70 mn between April 2000 – June 2022.
- In the next five years, the central government will aim for $9 bn in investments in the fisheries sector under PM Matsya Sampada Yojana. The government is targeting to raise fish production to 220 lakh tonnes by 2024-25.
- As per the Union Budget, 2023-24, A new sub-scheme of PM Matsya Sampada Yojana with a targeted investment of Rs. 6,000 cr. (US$ 729 mn) to be launched to further enable the activities of fishermen, fish vendors, and micro & small enterprises, improve value chain efficiencies, and expand the market.
- The Indian food processing industry is expected to reach $535 bn by 2025-2026 on the back of government initiatives such as planned infrastructure worth $1 tn and Pradhan Mantri Kisan Sampada Yojana.
Conclusion
Indian agriculture stocks may present a compelling investment opportunity for investors who are looking to capitalise on the country’s agricultural potential. However, investing in agriculture stocks comes with its own set of risks, including weather conditions, regulatory changes, and market volatility. It is crucial for investors to conduct thorough research, analyse the financial health of companies, and stay updated on industry trends. For this purpose, Tickertape offers various solutions, including a stock screener with over 200 filters, an option to create your custom filter, pre-built screens, and export data for further analysis. Read this blog to learn more about how to use Tickertape Stock Screener effectively.
As an insatiable reader and learner, I’ve spent the last two years exploring the world of finance. With my creative mind and curious spirit, I love making complex finance topics easy and fun for everyone to understand. Join me on my journey as we navigate the world of finance together!
