Best Agriculture Stocks to Buy in India 2024 | Top 9 Agriculture Stocks in India

If you are interested in investing in agriculture stocks then read this article till the end where we’ll briefly discuss the best agriculture stocks in India and also explain why you should invest in these agriculture stocks.

To know about the agricultural stock, first, we should know What is Agriculture. What is the percentage of agriculture in the stock market?

Agriculture is a primary activity. As we all know that agriculture is the backbone of Indian society. Near about 50% of India’s population depends upon agriculture it may be directly or indirectly.

With the passage of time, agriculture is also developing. We found agriculture in the stock market also. People are investing their money in this sector and earning a good amount of profit.

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The percentage of agricultural stock in the share market is so low that is near about 0.03%. But the agricultural sector promotes other sectors. We saw different equipment used in agriculture like tractors, pesticides, etc. As a result of this along with the agricultural stock, these stocks are also growing rapidly.

 Why You Should Invest in Agricultural Stocks:

• Agriculture is the most important sector in Indian Economy because it provides livelihood to almost  58% of the Indian population.
• Agriculture is a sector that promotes or is related to all other sectors.
• The rapid growth of population and increasing demand leads to the growth and establishment of the agricultural  Industry.
• Insecticides,  Nutrients, and pesticides greatly benefit farmers to increase their production.
• An increase in the farmer’s Income leads to more investment toward better seeds, irrigation systems, tractors, and so on.
• The central government spends near about  131,000 crores in agriculture and related sectors in order to increase agricultural production.
• The agricultural sector is the most crucial sector that includes other facilities to improve its production. Such as:- hybrid seeds, organic fertilizers, new irrigation systems, tractors, and pesticides.
• It is one type of business that includes Investing opportunities.
• The investor can also invest in another sector that promotes agriculture. such sectors are fertilizer ( phosphate, potash, nitrogen), pesticides, crushing, livestock, etc.

We came to know that by investing in other sectors that directly or indirectly promote agriculture one can earn a good amount of profit. If you want you can also invest your money in short cryptocurrency in 2023.

Best Agriculture Stock in India / Top 9 Agriculture Stocks in India

Agricultural Industry is the most popular and widespread industry than any other industry. The history of the agricultural Industry can be traced to around  14,000 years ago. With the growth of the population agricultural sector also started to grow. So let’s talk about what are the best agriculture stocks to buy now.

1. PI industries ltd:

PI Industries is an agrochemical solution company established in the year 1946. It is one of the largest companies. It includes the products like fungicides, Insecticides, herbicides, and specialty products.

The company produces plant nutrients, fine chemicals, crop protection, seeds, and many more. PI industries sector with a strong presence in both domestic and export markets. The company has already made its market in the domestic agricultural inputs and contract manufacturing, and export segments.

Their market cap is around  ₹ 50,452 crore and the weekly closing price is ₹ 3,287 as of 6th January. The company’s  FY22 debt is around  ₹316 crore and against that the company has reserves of  ₹ 6, 105 crores.

2. UPL ltd:

It manufactures, distributes, and markets crop protection products and other industrial chemicals. Globally UPL is the 5th largest crop protection company and ranked first among the agrochemical companies in solution.

In India, it is the largest agrochemical company.  With a current market cap of ₹54,419 crores, weekly closing. Company’s  ROCE stands at 15.6%  with a debt to equity at 1.09.

3. Bharat Rasayan Limites:

To make harvest healthy we need the help of many other products. Agrochemicals are the chemicals that help to boost the productivity of the crops from insects,  Funds, weeks, etc. Advancement in the agriculture sector and other allied sectors has a positive impact on the economy and development of the country.

Bharat Rasayan was established in the year 1989 and is one of the leading manufacturers of technical-grade pesticides and intermediates. Over the years the company has delivered a strong financial performance in the agricultural sector.

It delivered strong net profit growth of 37%  CAGR  and sake growth of 19% over the last 5 years. The company’s ROCE is around 28.4%. It is currently trading at ₹ 9, 538 as of the 6th January weekly closing.

4. Bayer crop science:

Bayer crop science is a subsidiary of Buyer AG, Germany.  Which is a leading agrochemical industry. The company included crop protection, digital farming,  seeds, and traits. The company manufactures, distributes, and sells fungicides, Insecticides, herbicides, and many other agrochemical products along with corn seeds.

The company provides many post-management solutions.  It has a market cap of around ₹22.522 crores and the 6th January weekly closing price was ₹4,748. The company’s ROCE stands at 30.9%. The company includes suitable return on equality which is the pros of the company.  The company runs an asset-light business that has almost zero debt. It is a negligible debt-to-equity ratio which is around  0.03.

5. Coromandel International  Limited:-

It is one of the private sector-producing fertilizers and has a significant presence in south India. It has a market up of ₹26,568 crores, the stock is trading at ₹901 as of the 6th January weekly closing.

The company manufactures and trades inputs for farms such as crop protection, fertilizers, organic compost, and special Nutrients. Part of this sector provides organic fertilizers that are derived from oil cake, city waste, and sugar cane molasses.

6. Godrej Agrovet:-

Founded in 1990. It is one of the top agricultural companies in the country it produces animal feeds, bird feeds, agrochemical, and palm oil plantations.

They sold 1.4 million tonnes of animal feed. It also includes aquaculture,  broiler, and dairy cattle. It is a part of Godrej and had a turnover of ₹3100 crore in FY 2012-13. The net income of this company is 368 crore INR. It has about 5,583 crores of assets.

7. Rallis India:-

It is one of the oldest companies. It is a subsidiary of Tata chemicals.  It produces various agricultural products like pesticides,  fertilizers, and seeds. It has customers of over 5 million farmers.

8. Kaveri seed company ltd:-

This company was founded in the year  1976. The company has engaged in the production and marketing of agricultural inputs. Kaveri seed company ltd offers s long-term price target. It has an average target of 590,00.

If we compared its past income with its present income the company is in the Fair zone. From the last year of data, this company has reported a consolidated income of ₹175.98 crores.

9. JK Agri  Genetics ltd:-

It is an agricultural seed store and its headquarters is present at Hyderabad, Telangana. It produces high-quality hybrid seeds of different crops like Bajra, Rice, cotton,  vegetable, Maiz, etc.

The share price of this company keeps on changing. It has a market cap of ₹201 crores.

Conclusion: Best agriculture stocks to buy now in India 2023

If anyone looking for the best agriculture stocks to buy in 2023 India then read this article till the end. These top 9 agriculture stocks have the strong potential power to grow more in the future. So if you have planned to invest your money only in agriculture stocks then choose one of them.