Last Updated on Nov 28, 2023 by Harshit Singh
Table of Contents
Best Pesticide Companies in India (2023)
| Stock Name | Market Cap (Rs. in cr.) | Close Price (Rs.) | Net Income (Rs. in cr.) | Return on Equity (%) | Debt to Equity (%) |
| Bayer Cropscience Ltd | 23,651.90 | 5,262.75 | 758.20 | 28.96 | 2.71 |
| Coromandel International Ltd | 33,415.14 | 1,124.25 | 2,012.93 | 28.22 | 4.96 |
| Dhanuka Agritech Ltd | 4,119.37 | 912.15 | 233.50 | 23.10 | 3.16 |
| India Pesticides Ltd | 3,300.01 | 286.55 | 143.24 | 20.30 | 1.65 |
| Bhagiradha Chemicals and Industries Ltd | 1,572.89 | 1,518.10 | 45.16 | 17.95 | 16.03 |
| Gujarat Narmada Valley Fertilizers & Chemicals Ltd | 10,772.85 | 693.15 | 1,471.54 | 17.22 | 0.02 |
| Sharda Cropchem Ltd | 3,747.76 | 410.20 | 341.96 | 16.50 | 0.13 |
| Bharat Rasayan Ltd | 3,781.46 | 9,060.50 | 124.60 | 14.98 | 3.13 |
| Heranba Industries Ltd | 1,411.68 | 351.30 | 104.37 | 13.69 | 11.48 |
| Gujarat State Fertilizers and Chemicals Ltd | 7,264.25 | 182.30 | 1,265.88 | 10.63 | 0.02 |
Note: To churn out a list of the best pesticides stocks in India, we have used the following parameters on Tickertape to filter the stocks, among many others. You can use the Tickertape Stock Screener to filter stocks based on different parameters.
- Sector: Materials > Fertilizers & Agro Chemicals
- Net income: Set to high
- Return on Equity (ROE): Set to high (Sorted from highest to lowest)
- Debt to Equity: Set to low
The information shown here is of date 28th November 2023.
India is the 3rd largest exporter of agrochemicals as during the FY 2022-23, India recorded agrochemicals export of $5.4 bn (Rs. 43,223 cr.). To promote organic fertiliser production in India, many government policies such as the MDA scheme are introduced that will cut down 96 lakh tonnes of chemical fertiliser import while reaping benefits worth Rs 11,000 cr. Seeing the upward trend of the pesticides company, here are the best pesticides companies in India –
About top pesticides company in India
Bayer Cropscience Ltd
Bayer CropScience Limited is a midcap agriculture pesticide company that manufactures insecticides, rodenticides, fungicides, and herbicides. Here’s a sneak peek into the company’s latest financial performance.
- The company’s net income has grown yearly at 20.37%, vs. the industry average of 19.8% over the last 5 yrs.
- Moreover, over the last 5 yrs, the company’s debt-to-equity ratio has been 1.44%, which is better than the industry average of 81.68%.
- On 16th November 2023, the company announced the interim cash dividend of Rs. 105.
- On the Tickertape Scorecard, the stock ranks higher in profitability, 7.7 out of 10, showing good signs of profitability and efficiency.
Click here to learn more about the company’s financials, forecasts, holdings, latest events, etc.
Coromandel International Ltd
Coromandel International is a midcap company engaged in manufacturing and trading farm inputs consisting of fertilisers, crop protection, specialty nutrients, and organic compost. Here’s a sneak peek into the company’s latest financial performance.
- In the last 5 yrs, the company’s revenue has grown yearly at 21.74%, vs an industry average of 19.13%.
- Moreover, the company’s market share has increased from 10.45% to 11.11% in the last 5 yrs.
- The balance sheet boasts of net income growth at a yearly rate of 23.83%, vs. the industry average of 19.8%.
- On 14th July 2023, the company announced the final cash dividend of Rs. 6.
- On the Tickertape Scorecard, the stock ranks higher in profitability, 7.2 out of 10, showing good signs of profitability and efficiency. As a result, this pesticide stock has a strong buy recommendation from analysts.
Click here to learn more about the company’s financials, forecasts, holdings, latest events, etc.
Dhanuka Agritech Ltd
This small-cap agrochemical company engaged in formulation and marketing of plant protection agro-chemicals, including insecticides, herbicides, fungicides and plant growth regulators. Here’s a sneak peek into the company’s latest financial performance.
- Over the last 5 yrs, the company’s debt to equity ratio has been 3.43%, vs the industry average of 81.68%.
- This agrochemical stock is underpriced and not in the overbought zone.
- On the Tickertape Scorecard, the stock ranks higher in profitability, 7.4 out of 10, showing good signs of profitability and efficiency.
Click here to learn more about the company’s financials, forecasts, holdings, latest events, etc.
To conclude
India’s agrochemicals/pesticides market size is expected to grow at a CAGR of 9.75% to $12.58 bn by 2028 during the forecast period (2023-2028); investors have renewed interest in the sector. Since there are 48 pesticide companies in India listed in Nifty, with the help of Tickertape Stock Screener, you can screen and identify the best pesticide stocks on your preferred criteria. With over 200 filters, research, analyse, and invest quicker than before because of #TickertapeHaiNa! Become a Pro Member now!
As an investment fanatic, I’ve dabbled in early-stage startups, mutual funds, gold, stocks, smallcases, and real estate to identify which assets generate the highest ROI. At Tickertape, I’m dedicated to presenting my learning and providing insightful suggestions to help my readers make sound investment decision.
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