Agrochemical Stocks and Companies in India

The largest Agrochemical stocks in India by market value are UPL (₹45,141 crore), PI Industries (₹26,323 crore) and Sumitomo Chemical India (₹16,419 crore), at prices of 6 Nov 2026.

• UPL: ₹534.90 | market value ₹45,141 crore | P/E 22.8
• PI Industries: ₹1,735 | market value ₹26,323 crore | P/E 24.4
• Sumitomo Chemical India: ₹328.95 | market value ₹16,419 crore | P/E 29.9
• Bayer CropScience: ₹3,316.30 | market value ₹14,904 crore | P/E 20.4
• Jubilant Ingrevia: ₹572.40 | market value ₹9,117 crore | P/E 25.3
• Sharda Cropchem: ₹685.60 | market value ₹6,185 crore | P/E 9.6
• Dhanuka Agritech: ₹909.60 | market value ₹4,055 crore | P/E 13.4
• Epigral: ₹913.20 | market value ₹3,933 crore | P/E 13.8
• Rallis India: ₹189.45 | market value ₹3,684 crore | P/E 18.0
• NACL Industries: ₹117.21 | market value ₹2,754 crore | P/E 106.5

The other 15 Agrochemical 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 6 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.

The largest 15 of 25 listed Indian Pesticides/Agrochemicals companies are named here; all 25 are ranked in the scorecard. This is the set of companies people mean when they search for a Nifty Pesticides/Agrochemicals index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. UPL Ltd₹43,300 cr
2. P I Industries Ltd₹31,900 cr
3. Sumitomo Chemical India Ltd₹15,700 cr
4. Bayer CropScience Ltd₹14,600 cr
5. Jubilant Ingrevia Ltd₹8,890 cr
6. Sharda Cropchem Ltd₹6,000 cr
7. Dhanuka Agritech Ltd₹4,370 cr
8. Epigral Ltd₹4,070 cr
9. Rallis India Ltd₹3,570 cr
10. NACL Industries Ltd₹3,150 cr
11. Bhagiradha Chemicals & Industries Ltd₹2,530 cr
12. GSP Crop Science Ltd₹2,010 cr
13. Titan Biotech Ltd₹1,760 cr
14. Bharat Rasayan Ltd₹1,560 cr
15. Insecticides India Ltd₹1,510 cr

The remaining 10 Pesticides/Agrochemicals companies are named and ranked in the scorecard.

25 Agrochemical companies in the Pesticides/Agrochemicals industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 25 are listed below, largest first. The largest is UPL (₹43,322 crore) and the smallest with a market value is Shivalik Rasayan.

Download all 25 Agrochemical 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 12% behind NIFTY 500. Earnings across its companies grew 17% on average over the last four reported quarters.

0 of the 24 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). 5 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 24 companies in the industry index above their 200-day average (3 fewer than four weeks earlier); 0 of those 24 pass the momentum test (1 fewer than four weeks earlier); earnings rising at 17 of the 23 that report earnings.

Not ahead of NIFTY 500, not building participation, not giving any back. Earnings confirming, 17 of 23 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 24 of its 25 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.

Pesticides/Agrochemicals has done worse than the NIFTY 500 by 17.3% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 10.5%. Titan Biotech Ltd is the strongest against the sector itself at +38.3%.

Pesticides/Agrochemicals has done worse than the NIFTY 500 by 17.3% over 52 weeks and by 10.5% over 13 weeks. 0 of 25 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 2 of the 12 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.

Titan Biotech Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 82.8% evidence confidence.

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

Titan Biotech Ltd has the strongest one-year price move in Pesticides/Agrochemicals at +101.5%. It also leads on relative strength against the NIFTY, at +25.1%. 4 of 25 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 Pesticides/Agrochemicals 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

4 of 23 Pesticides/Agrochemicals companies held a results call for July to September 2026. Dhanuka Agritech guided: FY27 full-year revenue growth low single-digit.

From the results calls for July to September 2026.

Big funds, foreign and Indian, cut their stake by 0.3 points over the last two quarters. Founders and promoters kept theirs about the same.

• Spending on new plants and equipment was ₹4,718 crore in the last 12 months, 24% less than a year before.
• Projects still being built grew 17% in a year.
• 1 Pesticides/Agrochemicals call in the last quarters talked about adding capacity.

Big funds = foreign and Indian institutions, change in their share of ownership across 26 Pesticides/Agrochemicals companies, in percentage points.

Ownership and spending as of 10 October 2026.

This is the written read behind the Pesticides/Agrochemicals 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, 2 of them rated high severity.

The Pesticides/Agrochemicals sector displays sharp divergence in Q4 FY26 performance among the analyzed constituents. BHARATRAS reported consolidated PAT of ₹38.15 Cr, reflecting a 51.81% YoY increase. In contrast, HERANBA reported a consolidated net loss of ₹57.82 crores.

How old this read is: OLD: this read comes from our Pesticides/Agrochemicals sector brief dated 25 Jul 2026, about 4 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 Pesticides/Agrochemicals sector brief, 25 Jul 2026.

UPL Ltd has the highest Revenue among the 25 Pesticides/Agrochemicals companies compared here, at ₹52,804 crore. P I Industries Ltd is next at ₹6,515 crore. Advance Agrolife Ltd has the highest Revenue growth at 48.4%, so level and change sit with different companies. 25 of 25 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: UPL Ltd is the largest at ₹52,804 crore, 710.5% ahead of P I Industries Ltd. Advance Agrolife Ltd's growth is 48.4% from a ₹800 crore base, with 9 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: UPL Ltd is the size to compare against; Advance Agrolife 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: UPL Ltd's growth falls below Advance Agrolife 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.

Best Agrolife Ltd has the highest OPM among the 25 Pesticides/Agrochemicals companies compared here, at 25%. Dhanuka Agritech Ltd is next at 23%. The same company also has the highest Margin change, at +10 percentage points. 25 of 25 companies report a comparable reading, the latest through Sep 2026. Its OPM series carries 20 reported observations across the 20-quarter window.

What the numbers say: Best Agrolife Ltd leads both opm at 25% and margin change at +10 percentage points.

What this means: Best Agrolife 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

UPL Ltd has the highest Net profit among the 25 Pesticides/Agrochemicals companies compared here, at ₹2,323 crore. P I Industries Ltd is next at ₹1,164 crore. Best Agrolife 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: UPL Ltd earns the most, ₹2,323 crore of profit over the last 12 months, 99.6% above P I Industries Ltd. Best Agrolife Ltd shows at least 100% on the scoring scale (269.2% in full) growth from a profit base of ₹48 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: UPL 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

Sharda Cropchem Ltd has the highest ROCE among the 25 Pesticides/Agrochemicals companies compared here, at 30.2%. Bayer CropScience Ltd is next at 29.1%. NACL Industries Ltd has the highest ROCE change at +11.6 percentage points, so level and change sit with different companies. 25 of 25 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Sharda Cropchem Ltd leads ROCE at 30.2%, 1.1 percentage points above Bayer CropScience 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: Sharda Cropchem 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: UPL Ltd (UPL): its two data sources disagree by up to 113% on reported income across 15 comparable periods, so its derived ratios are withheld; Shivalik Rasayan Ltd (SHIVALIK): its two data sources disagree by up to 31% 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

Sharda Cropchem Ltd has the lowest PEG among the 25 Pesticides/Agrochemicals companies compared here, at 0.3×. Punjab Chemicals & Crop Protection Ltd is next at 0.33×. The same company also has the lowest P/E, at 9.32×. 15 of 25 companies report a comparable reading, the latest through Sep 2026.

What the numbers say: Sharda Cropchem Ltd has the lowest comparable PEG at 0.3×, 9.1% below Punjab Chemicals & Crop Protection 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

Pesticides/Agrochemicals companies show up on 6 of our India lists. The most are on the 52 week high & low list (10 companies).

This Pesticides/Agrochemicals comparison names 5 specific ways its own evidence can mislead, all listed below. All 25 companies here report on comparable dates, so no rank carries a stale marker. 2 have 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.
• 2 companies are 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 25 Pesticides/Agrochemicals 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.