In this article, we are coming up with a list of top 10 agriculture stocks in India to buy in 2024. The agricultural sector is one of the most important in India.
The Ministry of Agriculture & Farmers Welfare estimates that the agricultural sectorโs contribution toย a countryโs Gross Value Added for the financial years 2020โ21 was 20.2% at current prices.
In the coming years, the Indian agriculture industry will increase in size to a value of US$24 billion, offering tremendous investment opportunities, predicts Inc42.
List of Top 10 Agriculture Stocks in India
| S.No. | Top 10 Agriculture Stocks in India |
| 1. | UPL Ltd. |
| 2. | PI Industries Ltd. |
| 3. | Coromandel International Ltd. |
| 4. | Bayer CropScience Ltd. |
| 5. | Sumitomo Chemical India Ltd. |
| 6. | Chambal Fertilizers Ltd. |
| 7. | BASF India Ltd. |
| 8. | Gujarat Narmada Valley Fertilizers Chemicals Ltd. |
| 9. | Fertilizers & Chemicals Travancore Ltd. |
| 10. | Bombay Burmah Trading Corporation Ltd. |
Financial Health of Top 10 Agriculture Stocks in India
Investors should assess the companyโs financial health before buying Indian agriculture stocks. It decides the companyโs future growth and viability. Investors can assess the companyโs financial health by examining its returns, particularly in the off-season.
Understanding the Position of the Company
Investors should be aware of the companyโs location before investing in Indian agriculture stocks. The explanation is that the changing seasons have an effect on the sales of agriculture and related companies.
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Analysis of Top 10 Agriculture Stocks in India
1) UPL Ltd.
Crop security services are offered by the Indian business UPL Limited. Agrochemicals, industrial chemicals, chemical intermediates, and specialty chemicals are all businesses that the company is involved in. Agro activity and Non-Agro activity are among the companyโs segments.
2) PI Industries Ltd.
An organizationย holding is PI Industries Limited. Manufacturing and distributing agrochemicals are the companyโs primary business activities. It functions via the Agro-Chemicals sector. Agrochemical products and specialty products are the two product categories offered by the company.
3) Coromandel International Ltd.
Fertilizers, crop protection, specialty nutrients, and organic compost are among the farm inputs that Coromandel International Limited manufactures and trades. Crop Protection and Nutrient and other related companies are two of the companyโs segments.
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4) Bayer CropScience Ltd.
Pesticides, fungicides, herbicides, and other agrochemical products are produced, sold, and distributed by Bayer CropScience Limited, along with corn seeds.
The Agri Care sector is how the company conducts business. Additionally, the company provides a range of pest management options, including Vector Management for pests that pose a health risk to the public and Professional Control Of pests for pests that invade homes or buildings.
5) Sumitomo Chemical India Ltd.
The primary goods produced and sold by Sumitomo Chemical India Limited are household insecticides, agricultural pesticides, public health insecticides, and animal nutrition items.
The Agro-Chemicals division is how the company conducts business. North America, Latin America, Europe, Asia, Australia, Africa, and India are among the markets the company serves.
6) Chambal Fertilizers Ltd.
In its three factories at Gadepan in the Kota region of Rajasthan, Chambal Fertilizers and Chemicals Limited, an Indian business, manufactures urea.
The company also markets other agri-inputs and fertilizers, including sulfur, micronutrients, agrochemicals, muriate of potash (MOP), ammonium phosphate sulfateย (APS), and various grades of nitrogen, phosphorus, and potassium (NPK) fertilizers.
7) BASF India Ltd.
The primary business activities of BASF India Limited are the production and marketing of chemicals and chemical products. Agricultural Solutions, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Chemicals are some of the companyโs segments.
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8) Gujarat Narmada Valley Fertilizers Chemicals Ltd.
Gujarat Narmada Valley Fertilizers & Chemicals Limited produces and sells industrial chemical goods in addition to offering information technology (IT) services. Chemicals, Others, and Fertilizers are some of the companyโs segments.
9) Fertilizers & Chemicals Travancore Ltd.
The Chemicals and Fertilizers Ammonium sulfate and complex fertilizers are both produced by Travancore Limited. The companyโs segments are Petrochemicals Others and Fertilizer.
10) Bombay Burmah Trading Corporation Ltd.
India-based The Bombay Burmah Trading Corporation, Limited sells tea, coffee, automobile electric parts, and dental items. Plantation, health care, auto electric components, and investments make up the companyโs four business segments.
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The advantages of buying top 10 agricultural stock in India
- Over 58% of the workforce in India is employed in agriculture, making it one of the most important sectors of the countryโs economy. The sector made up about 17.8% of Indiaโs Gross domestic product (GDP). One of the pillars of the Indian economy is the agrochemical sector. As a result, it is linked to Indiaโs economic structure.
- Home consumption depends heavily on the agricultural sector and other related industries. India has significantly boosted the variety and volume of agricultural production to promote food security and a healthy level of exports. This results in adjustments to the farmed stock market, which significantly influences the growth of the agriculture stocks, making the country one of the major consumers of agricultural products globally.
- Farmers would benefit greatly from the deployment of โKisan Dronesโ to improve crop appraisal, digitizeย land data, and spray fertilizers and pesticides. This benefits the industry since it provides the rural economy with an important push.
- Increased farmer revenue will increase their purchasing power and encourage them to invest in more productive harvesting tools including better seeds, crop protection products, tractors, irrigation systems, and other equipment.
Conclusion
Investors may think about investing in agriculture stocks because favorable estimates indicate that Indiaโs agriculture stocks are expected to grow over the next several years.
While a handful of the top businesses in this sector are mentioned in the aforementioned list of agriculture stocks, there are many more. Check the basics, past results, and other financial aspects before investing.
F.A.Q.:-
Which is best agriculture stock in India?
- UPL Ltd.
- PI Industries Ltd.
- Coromandel International Ltd.
- Bayer CropScience Ltd.
- Sumitomo Chemical India Ltd.
- Chambal Fertilizers Ltd.
- BASF India Ltd.
- Gujarat Narmada Valley Fertilizers Chemicals Ltd.
- Fertilizers & Chemicals Travancore Ltd.
- Bombay Burmah Trading Corporation Ltd.
Is agriculture a good sector to invest in 2024?
Better seeds, crop protection, tractors, irrigation, and overall agricultural output are all made possible by increased farmer revenue.
