Best Agriculture Stocks to Buy in India

Agriculture is one of the most significant areas of the Indian economy, providing a living for over 58% of the workforce. The sector accounts for around 17.8% of India’s GDP (GVA). The Indian agriculture industry is one of the cornerstones of the Indian economy and is intertwined with India’s socio-economic structure.

The top agriculture companies in India are one of the most important in the country, with a lot of space for growth; there’s a lot of demand for tried-and-true items like pesticides, tractors, and current irrigation systems. There is also potential for innovation with the introduction of new and more effective agricultural processes and goods such as biologicals, hybrid seeds, organic fertilizers and pesticides, new irrigation systems, and other impending items.

As a result, there are several investment prospects in the agriculture industry. Agricultural products and services include fertilizers, pesticides, seeds, crushing and processing, and cattle.

List of Top Agriculture Stocks in India

The top agriculture companies in India have some of the leading agriculture stocks in India and attract investors from across the nation and, throughout the world, because of their opportunities and ever-increasing need.

PI Industries Ltd

The company produces fine chemicals, crop protection, plant nutrients and seeds, and engineering plastics for use in the automotive, electrical, and home appliance industries.PI Industries logo By using its core skills in complicated chemistry, operational excellence, technological platforms, and worldwide reach through collaborations with significant innovators; the business hopes to develop a distinctive position in the pharmaceutical industry.

The product and geographic diversity of PI Industries, particularly in the custom synthesis and CSM business, support the company’s business profile. Domestic business is expected to improve in the medium term, thanks to a strong product lineup, a favorable policy environment, and a normal monsoon.

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Bharat Rasayan Ltd

Bharat Rasayan Ltd. manufactures and distributes crop protection pesticides, agrochemicals, and pharmaceutical intermediates. The company has manufacturing facilities all over India.Bharat Rasayan Logo Bharat Rasayan has demonstrated great financial success over the years, with a 37% CAGR in net profit and a 19% CAGR in sales growth during the last five years. The firm has a healthy ROE of 24% (As of Nov. 2022)

Aside from the customer loyalty that the company has acquired for several years, many new domestic and foreign clients have joined its portfolio during the last year, and more are anticipated to do so in the coming years thanks to the firm’s dedication to delivering high-quality goods on schedule. 

The company is prepared to carry out crucial initiatives across all areas to meet market challenges and take advantage of new possibilities. With high-growth markets like seeds and nutrients as their key sources of inspiration, it is still committed to enhancing revenue growth and profitability.

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UPL Ltd

UPL Ltd. (UPL), formerly United Phosphorus Limited, manufactures, markets, and distributes crop protection products, intermediates, speciality chemicals, and other industrial chemicals, in addition to doing research in these fields. UPL Limited logoUnited Phosphorus Limited was founded on May 29, 1969. In October 2013, the firm changed its name to UPL Limited. Following the acquisition of ArystaLifeScience, UPL rose to the fifth-largest crop protection firm globally. The company is ranked top in BioSolutions among agrochemical businesses. It is also India’s biggest agrochemical company.

UPL is well-known for several acquisitions and strategic collaborations that have aided in the diversification of its product line and worldwide expansion. The group presently has nearly 200 entities.

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Coromandel International Ltd

Coromandel International Limited is an Indian firm in Hyderabad, Telangana, India, created in the early 1960s by IMC and Chevron Companies of the United States and EID Parry. Coromandel logoKnown initially as Coromandel Fertilisers, the company manufactures fertilizers, insecticides, and speciality nutrients. Through its Mana Gromor Centres, the company operates in rural retail in Andhra Pradesh, Karnataka, and Maharashtra.

Coromandel primarily produces phosphatic fertilizers, crop protection products, and speciality nutrients such as sulphur pastelles, water-soluble fertilizers, micronutrients, and organic fertilizers. 

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Bayer CropScience Ltd

Bayer CropScience Limited, a subsidiary of Bayer AG in Germany, is a market leader in the Indian agrochemical business, benefiting from excellent farmer connections, a large product range, and a solid distribution network. Crop Protection, Seeds & Traits, Environmental Science, and Digital Farming are among the company’s operations.Bayer Cropscience logo To collect data from more than 275 registration trials, Bayer CropScience has worked with over 45 agricultural research institutions and colleges. This data will help in obtaining new product registrations in the coming years.

The Agri Care division is where the company operates. Furthermore, the company provides various pest control solutions, including Professional Pest Management for household/structural pests and Vector Management for pests that pose a hazard to public health.

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Factors to Consider Before Investing in Agriculture Stocks in India

There are a few key factors to consider before investing in agriculture stocks in India

  • The first is examining the company’s product offering because the agriculture industry uses a wide range of items, such as fertilizers for different soil types and insecticides for different species of insects impacting certain crops.
  • Another important factor to consider is the location where the company is carrying out its business and the seasonal factor since they affect the business and the agriculture share.
  • Additionally, investors should consider the dynamism that is always increasing, with new and more effective agricultural practices and better goods being developed, which can give the firm a competitive edge over rivals.

Conclusion

The agriculture business in India is full of investing opportunities, and investing in agriculture stocks provides various opportunities and scope for development.

According to Inc42, the Indian agricultural sector will be worth US$24 billion in the next few years, providing an excellent opportunity for investors to invest in agriculture shares.

The rapidly growing population and the ever-increasing need for economic growth and food production are some of the factors driving growth in this industry, thus benefiting investors investing in agriculture stocks.

Disclaimer: The provided information is solely for educational purposes. Investments in the stock market are prone to risk; thoroughly read all relevant documents or consult an expert before investing.

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