Fertiliser Stocks and Companies in India

The largest Fertiliser stocks in India by market value are Coromandel International (₹54,195 crore), FACT (₹49,439 crore) and Deepak Fertilisers & Petrochemicals Corp (₹14,738 crore), at prices of 4 Nov 2026.

• Coromandel International: ₹1,837 | market value ₹54,195 crore | P/E 29.0
• FACT: ₹764.05 | market value ₹49,439 crore
• Deepak Fertilisers & Petrochemicals Corp: ₹1,100.20 | market value ₹14,738 crore | P/E 15
• Chambal Fertilisers: ₹394.15 | market value ₹15,792 crore | P/E 8.1
• Paradeep Phosphates: ₹137.21 | market value ₹14,249 crore | P/E 16.5
• Madhya Bharat Agro Products: ₹187.29 | market value ₹8,594 crore | P/E 55.4
• GNFC: ₹470.70 | market value ₹6,917 crore | P/E 6.7
• Krishana Phoschem: ₹240.29 | market value ₹7,428 crore | P/E 37.7
• GSFC: ₹140.74 | market value ₹5,608 crore | P/E 8.1
• RCF: ₹100.61 | market value ₹5,550 crore | P/E 13.3

The other 5 Fertiliser companies are in the full list below.

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

Ranked by the 4-Factor Sector Score (growth & earnings 35, capital efficiency 25, valuation 20, relative strength 20). Prices as of 30 Oct 2026.

All 15 listed Indian Fertilisers companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Fertilisers index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. Every figure is equal-weighted across those companies and carries its own as-of date.

1. Coromandel International Ltd₹50,000 cr
2. Fertilizers & Chemicals Travancore Ltd₹43,400 cr
3. Deepak Fertilisers & Petrochemicals Corp Ltd₹14,700 cr
4. Chambal Fertilisers & Chemicals Ltd₹14,200 cr
5. Paradeep Phosphates Ltd₹13,400 cr
6. Madhya Bharat Agro Products Ltd₹8,130 cr
7. Gujarat Narmada Valley Fertilizers & Chemicals Ltd₹7,420 cr
8. Krishana Phoschem Ltd₹7,070 cr
9. Gujarat State Fertilizers & Chemicals Ltd₹5,310 cr
10. Rashtriya Chemicals & Fertilizers Ltd₹5,170 cr
11. National Fertilizer Ltd₹2,880 cr
12. Southern Petrochemicals Industries Corporation Ltd₹1,130 cr
13. Madras Fertilizers Ltd₹832 cr
14. Zuari Agro Chemicals Ltd₹775 cr
15. Khaitan Chemicals & Fertilizers Ltd₹481 cr

15 Fertiliser companies in the Fertilisers industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 15 are listed below, largest first. The largest is Coromandel International (₹50,035 crore) and the smallest with a market value is Khaitan Chemicals & Fertilizers.

Download all 15 Fertiliser companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 11% ahead of NIFTY 500. Earnings across its companies grew 34% on average over the last four reported quarters.

2 of the 14 companies with a long enough price record pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high). 4 are 20% or more behind over a year while earnings grew 20% or more.

Not ahead of NIFTY 500 on the three-month view this week; 2 of the 14 companies in the industry index above their 200-day average (3 fewer than four weeks earlier); 2 of those 14 pass the momentum test (1 fewer than four weeks earlier); earnings rising at 10 of the 14 that report earnings.

Not ahead of NIFTY 500, not building participation, not giving any back. Earnings confirming, 10 of 14 members have higher trailing twelve-month earnings than a year ago.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of 14 of its 15 companies (the 1 with too short a price record are ranked in the scorecard but cannot sit in this line). The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Fertilisers has done worse than the NIFTY 500 by 9.6% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 5.9%. Krishana Phoschem Ltd is the strongest against the sector itself at +83.9%. Readings are as of 30 October 2026.

Relative-strength score for the industry: 32.7 as of 30 October 2026 (narrowing, rising).

Fertilisers has done worse than the NIFTY 500 by 9.6% over 52 weeks and by 5.9% over 13 weeks. 2 of 15 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months) (1 has no relative-strength reading yet), and 3 of the 9 with a long enough price history are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Krishana Phoschem Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 95.6% evidence confidence.

Madras Fertilizers Ltd scores well on valuation against its peers or its own history, but its earnings have not yet improved enough to back that up.

Krishana Phoschem Ltd has the strongest one-year price move in Fertilisers at +126.2%. It also leads on relative strength against the NIFTY, at +75.7%. 3 of 15 companies we track are ahead of the index on that measure (1 has no relative-strength reading yet). Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Fertilisers itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

7 of 14 Fertilisers companies held a results call for April to June 2026. Madhya Bharat Agro Products guided: Dhule FY27 sales 60,000 MT NPK plus 70,000 MT SSP, translating to ₹400-500 crore turnover.

From the results calls for April to June 2026.

Big funds, foreign and Indian, kept their stake about the same over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on new plants and equipment was ₹6,801 crore in the last 12 months, 5% less than a year before.
• Projects still being built grew 55% in a year.
• 2 Fertilisers calls in the last quarters talked about adding capacity.

Big funds = foreign and Indian institutions, change in their share of ownership across 15 Fertilisers companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Fertilisers figures above: what is actually happening in the industry, in words, with the evidence each claim rests on. It is dated 25 Jul 2026, so the words are older than the numbers. 5 themes are live here, 1 of them rated high severity.

The sector shows operational strength in manufacturing constituents but faces input cost headwinds. While PAT growth is universal, revenue divergence suggests company-specific execution differences. High commodity risk and subsidy dependency remain key monitorables for FY27.

The Fertilisers sector displays divergent performance in Q4 FY26. KRISHANA and MBAPL reported record revenue and PAT growth, driven by capacity expansion and high utilization. KRISHANA delivered revenue of ₹755 Cr (+60% YoY) and PAT of ₹83 Cr (+153% YoY). MBAPL achieved revenue of ₹394.7 Cr (+33% YoY) and PAT of ₹59.8 Cr (+318.2% YoY).

How old this read is: OLD: this read comes from our Fertilisers sector brief dated 25 Jul 2026, about 3 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

What is live in this sector right now

Sources: our Fertilisers sector brief, 25 Jul 2026 · company earnings-call transcripts.

Coromandel International Ltd has the highest Revenue among the 15 Fertilisers companies compared here, at ₹32,602 crore. Paradeep Phosphates Ltd is next at ₹23,939 crore. Krishana Phoschem Ltd has the highest Revenue growth at 73.3%, so level and change sit with different companies. 15 of 15 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Coromandel International Ltd is the largest at ₹32,602 crore, 36.2% ahead of Paradeep Phosphates Ltd. Krishana Phoschem Ltd's growth is 73.3% from a ₹2,554 crore base, with 19 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Coromandel International Ltd is the size to compare against; Krishana Phoschem Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Coromandel International Ltd's growth falls below Krishana Phoschem Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Deepak Fertilisers & Petrochemicals Corp Ltd has the highest OPM among the 15 Fertilisers companies compared here, at 26%. Gujarat Narmada Valley Fertilizers & Chemicals Ltd is next at 18%. Gujarat Narmada Valley Fertilizers & Chemicals Ltd has the highest Margin change at +16.1 percentage points, so level and change sit with different companies.

What the numbers say: Deepak Fertilisers & Petrochemicals Corp Ltd leads opm at 26%; Gujarat Narmada Valley Fertilizers & Chemicals Ltd leads margin change at +16.1 percentage points.

What this means: Deepak Fertilisers & Petrochemicals Corp Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Chambal Fertilisers & Chemicals Ltd has the highest Net profit among the 15 Fertilisers companies compared here, at ₹1,928 crore. Coromandel International Ltd is next at ₹1,778 crore. Madhya Bharat Agro Products Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Chambal Fertilisers & Chemicals Ltd earns the most, ₹1,928 crore of profit over the last 12 months, 8.4% above Coromandel International Ltd. Madhya Bharat Agro Products Ltd shows at least 100% on the scoring scale (109.5% in full) growth from a profit base of ₹155 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Chambal Fertilisers & Chemicals Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Krishana Phoschem Ltd has the highest ROCE among the 15 Fertilisers companies compared here, at 27.2%. Chambal Fertilisers & Chemicals Ltd is next at 25.2%. Zuari Agro Chemicals Ltd has the highest ROCE change at +30.2 percentage points, so level and change sit with different companies. 15 of 15 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Krishana Phoschem Ltd leads ROCE at 27.2%, 2 percentage points above Chambal Fertilisers & Chemicals Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Krishana Phoschem Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

Return on capital · company comparison

Withheld from this chart: Paradeep Phosphates Ltd (PARADEEP): its two data sources disagree by up to 58% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Zuari Agro Chemicals Ltd has the lowest PEG among the 15 Fertilisers companies compared here, at 0.08×. Gujarat Narmada Valley Fertilizers & Chemicals Ltd is next at 0.27×. The same company also has the lowest P/E, at 2.5×. 12 of 15 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Zuari Agro Chemicals Ltd has the lowest comparable PEG at 0.08×, 70.4% below Gujarat Narmada Valley Fertilizers & Chemicals Ltd. That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Fertilisers companies show up on 6 of our India lists. The most are on the 52 week high & low list (9 companies).

This Fertilisers comparison names 5 specific ways its own evidence can mislead, all listed below. All 15 companies here report on comparable dates, so no rank carries a stale marker. 1 has second-source figures left out because the two sources disagree. A high growth rate can still come from a very small starting figure.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• 1 company is missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.

This comparison is built from the reported filings of 15 Fertilisers companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

1 of 15 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Paradeep Phosphates Ltd (PARADEEP): its two data sources disagree by up to 58% on reported income across 15 comparable periods, so its derived ratios are withheld.

These 24 answers restate the Fertilisers comparison above in question form. Every one is computed from the same 15 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.