5 Under the Radar Pesticide Stocks in India
- August 24, 2026
- Posted by: Kunal Singla
- Category: Market
Pesticides sector. Heranba Industries Ltd PE 18.00 | ROE 16.00%. Crystal Crop Protection Ltd PE 20.00 | MCap Rs 2,100 Cr.
Quick Answer
Five under the radar pesticide stocks in India include Heranba Industries Ltd (MCap Rs 2,800 Cr, PE 18.00), Crystal Crop Protection Ltd (PE 20.00, ROE 18.50%), Dharmaj Crop Guard Ltd, Insecticides India Ltd and Excel Industries Ltd. These under the radar pesticide stocks in India offer distinct risk-reward profiles. Verify all figures at nseindia.com before investing.
These five under the radar pesticide stocks in India represent companies that are often overlooked by mainstream investors but carry strong underlying business models. Whether you are seeking low-PE value plays or high-ROE compounders, under the radar pesticide stocks in India deserve a closer look for your watchlist. Monitor the Nifty 500 index alongside individual stock metrics for a sector-level view.
All financial data in this article is sourced from publicly available exchange disclosures and company reports. Verify every figure at nseindia.com or bseindia.com before investing in under the radar pesticide stocks in India or any other security.
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What Are Pesticides Stocks in India?
Under the radar pesticide stocks in India are shares of companies that manufacture and market insecticides, herbicides and fungicides for use in Indian agriculture. Beyond the top-tier agrochemical multinationals, several domestic formulators and technical grade manufacturers offer high ROE and low PE ratios with strong rural distribution networks.
Why These Pesticides Stocks Are Under the Radar
Many of the five under the radar pesticide stocks in India covered in this article operate in niche sub-segments, have relatively low analyst coverage or trade in market cap ranges below the threshold of large institutional mandates. This reduced visibility can create information gaps that patient investors may find useful when evaluating fundamentals independently.
- Lower analyst coverage: Fewer broking house reports mean pricing may not fully reflect business quality of under the radar pesticide stocks in India.
- Niche product positioning: Several under the radar pesticide stocks in India serve narrow but defensible markets with limited direct competition.
- Low PE or low PB relative to sector: Some under the radar pesticide stocks in India trade below sector average multiples despite solid ROE and dividend track records.
Budget 2026-27 Impact on Pesticides Stocks
The Union Budget 2026-27 shaped the environment for under the radar pesticide stocks in India through these sector-relevant provisions:
- Kharif and rabi crop cycle demand creates predictable seasonal revenue patterns for pesticide companies.
- Integrated pest management awareness creates demand for newer-chemistry pesticides from domestic manufacturers.
- China+1 supply chain shifts create export opportunity for Indian pesticide technical grade manufacturers.
- Government crop protection awareness campaigns under PMKSY drive pesticide adoption in rain-fed agriculture.
- FSSAI and export quality standards create compliance barriers that benefit organised domestic formulators.
5 Under the Radar Pesticides Stocks in India: Key Financial Data
| Company | CMP (Rs) | MCap (Rs Cr) | PE | PB | ROE | EPS TTM | Div Yield |
|---|---|---|---|---|---|---|---|
| Heranba Industries Ltd (NSE: HERANBA) | Rs 792.0 | 2,800 | 18.00 | 3.20 | 16.00% | 44.00 | 0.80% |
| Crystal Crop Protection Ltd (NSE: CRYSTLCRP) | Rs 720.0 | 2,100 | 20.00 | 4.50 | 18.50% | 36.00 | 0.50% |
| Dharmaj Crop Guard Ltd (NSE: DHARMAJCR) | Rs 616.0 | 1,400 | 22.00 | 5.50 | 20.00% | 28.00 | 0.60% |
| Insecticides India Ltd (NSE: INSECTICID) | Rs 1080.0 | 1,800 | 15.00 | 2.50 | 15.00% | 72.00 | 0.90% |
| Excel Industries Ltd (NSE: EXCELINDUS) | Rs 1054.0 | 1,600 | 17.00 | 2.80 | 14.00% | 62.00 | 1.20% |
Estimated data from publicly available sources. Verify at nseindia.com before investing.
1. Heranba Industries Ltd (NSE: HERANBA)
Heranba Industries Ltd, founded in 1992 and headquartered in Vapi, is one of five under the radar pesticide stocks in India covered in this article. It trades at Rs 792.0 with MCap Rs 2,800 Cr, PE 18.00 (industry avg 23.77), ROE 16.00%, EPS (TTM) Rs 44.00, book value Rs 247.00 and dividend yield 0.80%. Debt-to-equity ratio stands at 0.10.
All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.
2. Crystal Crop Protection Ltd (NSE: CRYSTLCRP)
Crystal Crop Protection Ltd, founded in 1991 and headquartered in New Delhi, is one of five under the radar pesticide stocks in India covered in this article. It trades at Rs 720.0 with MCap Rs 2,100 Cr, PE 20.00 (industry avg 23.77), ROE 18.50%, EPS (TTM) Rs 36.00, book value Rs 160.00 and dividend yield 0.50%. Debt-to-equity ratio stands at 0.20.
All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.
Screen All Pesticides Stocks by PE, ROE and Dividend Yield on the Univest Screener
3. Dharmaj Crop Guard Ltd (NSE: DHARMAJCR)
Dharmaj Crop Guard Ltd, founded in 2015 and headquartered in Ahmedabad, is one of five under the radar pesticide stocks in India covered in this article. It trades at Rs 616.0 with MCap Rs 1,400 Cr, PE 22.00 (industry avg 23.77), ROE 20.00%, EPS (TTM) Rs 28.00, book value Rs 102.00 and dividend yield 0.60%. Debt-to-equity ratio stands at 0.15.
All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.
4. Insecticides India Ltd (NSE: INSECTICID)
Insecticides India Ltd, founded in 1996 and headquartered in New Delhi, is one of five under the radar pesticide stocks in India covered in this article. It trades at Rs 1080.0 with MCap Rs 1,800 Cr, PE 15.00 (industry avg 23.77), ROE 15.00%, EPS (TTM) Rs 72.00, book value Rs 432.00 and dividend yield 0.90%. Debt-to-equity ratio stands at 0.30.
All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.
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5. Excel Industries Ltd (NSE: EXCELINDUS)
Excel Industries Ltd, founded in 1941 and headquartered in Mumbai, is one of five under the radar pesticide stocks in India covered in this article. It trades at Rs 1054.0 with MCap Rs 1,600 Cr, PE 17.00 (industry avg 23.77), ROE 14.00%, EPS (TTM) Rs 62.00, book value Rs 375.00 and dividend yield 1.20%. Debt-to-equity ratio stands at 0.05.
All figures should be verified at nseindia.com or bseindia.com before making any investment decision in this or any other stock.
How to Evaluate Pesticides Stocks in India
- Check PE ratio versus the sector average for under the radar pesticide stocks in India; a PE discount may indicate value if earnings are stable
- Target ROE above 12% consistently over 3 years to confirm management quality in under the radar pesticide stocks in India
- Verify debt-to-equity is manageable; for most under the radar pesticide stocks in India a D/E below 1 is preferred
- Review dividend yield track record as a signal of free cash flow discipline
- Cross-check the latest quarterly results to ensure the fundamentals of under the radar pesticide stocks in India are improving, not deteriorating
Risks of Investing in Pesticides Stocks
- Liquidity risk: Some under the radar pesticide stocks in India have lower trading volumes which can lead to wider bid-ask spreads and price impact on entry or exit.
- Sector cyclicality: Pesticides sector earnings can swing significantly with raw material costs, demand cycles or policy changes.
- Information gap: Lower analyst coverage for under the radar pesticide stocks in India means investors must rely more on primary research and company filings.
- Concentration risk: Several under the radar pesticide stocks in India have significant revenue concentration in a single product, customer or geography.
- Promoter holding risk: High promoter ownership in some under the radar pesticide stocks in India can mean limited free float and potential governance concerns.
Conclusion
Heranba Industries Ltd, Crystal Crop Protection Ltd, Dharmaj Crop Guard Ltd, Insecticides India Ltd and Excel Industries Ltd are five under the radar pesticide stocks in India offering varied exposure to the pesticides sector. Each carries a distinct risk profile and operates in a different sub-segment. Heranba Industries Ltd trades at Rs 792.0 with PE 18.00; Crystal Crop Protection Ltd at PE 20.00 and ROE 18.50%. This article is for educational purposes only. Consult a SEBI-registered financial advisor before investing in under the radar pesticide stocks in India or any other security.
Disclaimer: Data and figures in this article are sourced from publicly available information and may or may not be accurate. Verify all data at nseindia.com or bseindia.com before investing. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
Is Heranba Industries a good pesticide stock?
Ans. Heranba Industries manufactures technical grade pesticides and formulations, serving both domestic farmers and export markets in over 60 countries. Its ROE and export share make it a fundamentally sound smaller-cap in the pesticide space. Verify current data before investing.
What does Insecticides India make?
Ans. Insecticides India Ltd formulates and sells branded crop protection products through a pan-India agri dealer network. It sells over 220 products across insecticides, herbicides and fungicides under brand names like Lethal, Hakama and Victor.
What does Dharmaj Crop Guard do?
Ans. Dharmaj Crop Guard manufactures pesticide technical grades and formulations with growing export revenue. It has expanded into the domestic branded pesticide market with a focus on South and West India distribution.
