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India, a country of 1.4 billion with an ever-growing population, needs to increase farm productivity to achieve food security and become self-sufficient in agricultural inputs. The Indian agrochemical market was estimated at USD 9.59 billion in 2026 and is expected to expand at a Compound Annual Growth Rate (CAGR) of 6.66% from 2026 to 2031, growing to USD 13.25 billion by 2031. Increased demand for food and export of Indian agrochemicals, as well as government initiatives supporting farmers, have thus catapulted the agriculture and chemical stocks to be an attractive investment opportunity for investors with a long-term view.
The agriculture and chemical industry offers a combination of growing domestic demand, rising exports, and healthy balance sheets. In this blog, we will explore some fundamentally strong agriculture and chemical stocks.
Why do agriculture and chemical stocks matter?
Agriculture is the backbone of the Indian economy. Farming not only contributes significantly to India’s GDP, but it is also the largest source of employment in India. Similarly, speciality chemical stocks have made India a global manufacturing hub with cost benefits and export potential. The key growth drivers of these sectors include:
- Increased food demand due to the growing population.
- Growing awareness among the Indian farming community about the increased crop productivity and the need for crop protection.
- China +1 supply chain shift helping Indian Chemical Exporters.
- Government incentives promoting agriculture and chemical manufacturing.
All of the factors contribute to stable growth prospects for the companies operating in these sectors, and thus attract investors to them. Let’s explore some of the fundamentally strong Agriculture and Chemicals stocks in India.
UPL Limited
UPL was founded in 1969 by Rajnikant Shroff from a local Indian pesticides company. Today, it has grown into a global agrochemical powerhouse. With 14,000+ product registrations, presence in approximately 140 countries of the world, UPL today is the 5th largest agrochemical company in the world. It offers a wide range of products from herbicides, fungicides, insecticides, to biosolutions. The company also deals in seeds and covers the entire spectrum of crop management from pre-planting to post-harvest.
The company’s Q3 FY26 consolidated revenue rose by 12% year-on-year to Rs. 12,269 crore, with its EBITDA rising by 13% to Rs. 2,434 crore. The UPL share price was up 32.84% over the past two years, indicating investors’ faith in its de-leveraging plans and turnaround strategy.
Coromandel International
Coromandel International is a fundamentally strong agri company, part of the highly esteemed Murugappa Group. Coromandel doesn’t only sell fertilisers; it works closely with the Indian farming community to enhance soil fertility and crop yield. Through its robust rural outreach programs, farmer advisory services, and distribution networks, the company has developed substantial trust within the rural Indian segment.
The total income of Coromandel rose 21% Q-o-Q to Rs. 8,537 crore in Q3 FY26, and the Board proposed an interim dividend of Rs. 9 per equity share. In the past two years, the company provided a return of 81.38% to its investors, making it a compelling long-term agriculture investment opportunity.
PI Industries
PI Industries has carved a niche for itself by focusing on providing a range of innovative products to farmers by virtue of tie-ups with global firms and the introduction of cutting-edge molecules in India, establishing itself as a specialist for high-margin and growing export-focused agrochemical businesses. It carries out robust R & D and achieves high margins and has steadily increasing exports.
PI Industries reported revenues worth Rs. 13,757 million in Q3 FY26 with an interim dividend of ₹5 per share with record date February 23, 2026. Management expects a Q4 sequential improvement and FY27 recovery, due to a strong order book of $1.2 billion.
The bottom line
Agricultural and chemical stocks offer exposure to essential and relevant sectors, providing investors with investment opportunities in sectors backed by robust domestic and global demand, innovation, and export potential.
The above-mentioned stocks may offer long-term growth potential with a relatively predictable growth path. If investors do not have sufficient capital to invest in these stocks, they can also consider investing in agriculture and chemical stocks, which are fundamentally strong stocks under 100.
By investing in these financially sound agriculture and chemical stocks, investors can add another layer of risk mitigation and steady wealth generation to their portfolio.