3 Performance Chemicals Group, Crop Nutrients Maker and Commercial Explosives and Defence Company Stocks With a Strong Future Roadmap: Atul, Deepak Fertilisers and Solar Industries India
- October 30, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Atul, Deepak Fertilisers and Solar Industries India: ROE of 10.8% to 26.7% and FY22 to FY26 revenue CAGR of 5.9% to 25.9%. Prices as of 29 Oct 2026.
Quick Answer
The three chemical, crop nutrient and explosives stocks to watch are Atul, Deepak Fertilisers and Solar Industries India. Their return on equity ranges from 10.8% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.9% to 25.9%. Solar Industries India leads on both return on equity at 26.7% and revenue growth at 25.9% a year. Prices are based on the 29 October 2026 close, and this article is educational, not investment advice.
Chemical, crop nutrient and explosives stocks let investors follow companies that serve a growing part of the Indian economy. Atul, Deepak Fertilisers and Solar Industries India cover a life science and performance chemicals group, an industrial chemicals and crop nutrients maker and a commercial explosives and defence company.
This list covers three chemical, crop nutrient and explosives stocks with complete current figures: Atul, Deepak Fertilisers and Solar Industries India. Every figure comes from the latest reported financials and the 29 October 2026 market close. Companies without complete current figures were left out.
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What Are Chemical, Crop Nutrient and Explosives Stocks?
Chemical, crop nutrient and explosives stocks are listed companies that make chemicals for pharma, farms and textiles, supply industrial chemicals and crop nutrients and produce explosives for mining along with defence products. Their earnings depend on volumes, product mix and input costs.
Chemical, Crop Nutrient and Explosives Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Atul | 5,146 | 17,898 | 22.1 | 35.1 | 10.9 | 0.03 |
| Deepak Fertilisers | 1,182.3 | 14,354 | 14.6 | 33.2 | 10.8 | 0.83 |
| Solar Industries India | 19,430 | 178,992 | 87.3 | 48.1 | 26.7 | 0.24 |
On valuation, Atul and Deepak Fertilisers trade at a P/E below the industry P/E, while Solar Industries India trades above it, which reflects the growth the market already expects. Readers comparing chemical, crop nutrient and explosives stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Chemical, Crop Nutrient and Explosives Stocks Have a Strong Roadmap in India?
Chemical, crop nutrient and explosives stocks have a strong roadmap in India because rising mining and infrastructure activity, farm input demand and defence production plans keep widening the market for these chemical makers.
- Mining demand. Coal and mineral output lifts explosives use.
- Farm inputs. Crop nutrients support steady seasonal sales.
- Defence push. Domestic production plans add new products.
Why Atul Features Among These Chemical, Crop Nutrient and Explosives Stocks
Among the chemical, crop nutrient and explosives stocks on this list, Atul is a Gujarat-based chemical company with life science chemicals for crop protection and pharmaceuticals, and performance and other chemicals that include aromatics, colours and polymers.
The company has a return on equity of 10.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 17,898 crore. The stock trades at a P/E of 22.1, below the industry P/E of 35.1.
Revenue rose from Rs 5,157 crore in FY22 to Rs 6,476 crore in FY26, a compound annual growth rate of 5.9%. Net profit grew from Rs 507 crore in FY23 to Rs 689 crore in FY26, which works out to a compound annual growth rate of 10.8%. In the June 2026 quarter, revenue grew 25.1% year on year to Rs 1,881 crore, while net profit rose 91.8% to Rs 254 crore.
Roadmap: The company supplies many industries from a single integrated site and has been adding capacity in higher-value chemicals. A broad product basket across agriculture, pharma and consumer uses spreads demand.
What to watch: Check capacity additions and demand in agrochemical and pharmaceutical intermediates.
Why Deepak Fertilisers Features Among These Chemical, Crop Nutrient and Explosives Stocks
Among the chemistry and mining shares on this list, Deepak Fertilisers and Petrochemicals makes industrial chemicals such as ammonium nitrate and nitric acid for mining and industry, along with crop nutrients and fertilisers sold to farmers.
Revenue rose from Rs 7,707 crore in FY22 to Rs 11,609 crore in FY26, a compound annual growth rate of 10.8%. Net profit grew from Rs 468 crore in FY24 to Rs 739 crore in FY26, which works out to a compound annual growth rate of 25.7%.
In the June 2026 quarter, revenue grew 21.6% year on year to Rs 3,262 crore, while net profit rose 101.0% to Rs 490 crore. The company has a return on equity of 10.8%, a debt to equity ratio of 0.83 and a market capitalisation of Rs 14,354 crore. The stock trades at a P/E of 14.6, below the industry P/E of 33.2.
Roadmap: The company is expanding its chemical capacity for mining and industrial customers, which supports higher-value sales. Growing mining and infrastructure activity increases demand for its products.
What to watch: Follow mining demand, gas costs and progress on new chemical plants.
Why Solar Industries India Features Among These Chemical, Crop Nutrient and Explosives Stocks
Among the three companies on this list, Solar Industries India is the country’s largest maker of commercial explosives and also produces defence products such as ammunition, rockets, propellants and warheads for domestic and export customers.
Revenue rose from Rs 3,967 crore in FY22 to Rs 9,966 crore in FY26, a compound annual growth rate of 25.9%. Net profit grew from Rs 455 crore in FY22 to Rs 1,737 crore in FY26, which works out to a compound annual growth rate of 39.7%.
The company has a return on equity of 26.7%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 178,992 crore. The stock trades at a P/E of 87.3, above the industry P/E of 48.1.
Roadmap: The company serves mining and infrastructure customers with bulk and packaged explosives and has grown its defence business with large export orders. Capacity additions in defence manufacturing and a global presence widen its reach.
What to watch: Monitor the defence order book and the pace of new capacity in ammunition and rocket systems.
Atul vs Deepak Fertilisers vs Solar Industries India on Key Financials
The table below sets the three chemical, crop nutrient and explosives stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Atul | 5,157 | 6,476 | 5.9% | 689 | 10.6% |
| Deepak Fertilisers | 7,707 | 11,609 | 10.8% | 739 | 6.4% |
| Solar Industries India | 3,967 | 9,966 | 25.9% | 1,737 | 17.4% |
Solar Industries India posts the highest return on equity in this group at 26.7%. Deepak Fertilisers has the largest FY26 revenue at Rs 11,609 crore, and Solar Industries India shows the fastest revenue growth with a 25.9% compound annual rate. A useful habit with chemical, crop nutrient and explosives stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Chemical, Crop Nutrient and Explosives Stocks
Every theme carries risks that deserve a check before any decision. For these chemical, crop nutrient and explosives stocks, the main points are: Long-term chemistry and mining shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Raw material and energy costs. Input prices can move margins in chemicals.
- Commodity prices. Selling prices follow global and domestic markets.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.
Use the Univest Stock Screener to filter chemical, crop nutrient and explosives stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Chemical, Crop Nutrient and Explosives Stocks
Chemical, crop nutrient and explosives stocks reward investors who follow demand trends, order books and margins together. Atul, Deepak Fertilisers and Solar Industries India each have a clear plan to grow. Based on the 29 October 2026 close, Atul trades at Rs 5,146, Deepak Fertilisers at Rs 1,182.3 and Solar Industries India at Rs 19,430.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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).
What are chemical, crop nutrient and explosives stocks?
Ans. Chemical, crop nutrient and explosives stocks are listed companies that make chemicals for pharma, farms and textiles, supply industrial chemicals and crop nutrients and produce explosives for mining along with defence products. Their earnings depend on volumes, product mix and input costs. This list looks at three of them, Atul, Deepak Fertilisers and Solar Industries India, using reported FY22 to FY26 financials and the 29 October 2026 closing prices.
Which chemical, crop nutrient and explosives stocks are covered in this list?
Ans. This list covers Atul, Deepak Fertilisers and Solar Industries India. Based on the 29 October 2026 close, Atul traded at Rs 5,146, Deepak Fertilisers at Rs 1,182.3 and Solar Industries India at Rs 19,430. Their return on equity ranges from 10.8% to 26.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.9% to 25.9%.
Why do chemical, crop nutrient and explosives stocks have a strong future roadmap in India?
Ans. Chemical, crop nutrient and explosives stocks have a strong roadmap in India because rising mining and infrastructure activity, farm input demand and defence production plans keep widening the market for these chemical makers. The main drivers are as follows. Mining demand. Coal and mineral output lifts explosives use. Farm inputs. Crop nutrients support steady seasonal sales. Defence push. Domestic production plans add new products. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Atul performed financially?
Ans. Revenue rose from Rs 5,157 crore in FY22 to Rs 6,476 crore in FY26, a compound annual growth rate of 5.9%. Net profit grew from Rs 507 crore in FY23 to Rs 689 crore in FY26, which works out to a compound annual growth rate of 10.8%. In the June 2026 quarter, revenue grew 25.1% year on year to Rs 1,881 crore, while net profit rose 91.8% to Rs 254 crore. The company has a return on equity of 10.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 17,898 crore. The stock trades at a P/E of 22.1, below the industry P/E of 35.1. Looking ahead, the company supplies many industries from a single integrated site and has been adding capacity in higher-value chemicals. A broad product basket across agriculture, pharma and consumer uses spreads demand.
How has Deepak Fertilisers performed financially?
Ans. Revenue rose from Rs 7,707 crore in FY22 to Rs 11,609 crore in FY26, a compound annual growth rate of 10.8%. Net profit grew from Rs 468 crore in FY24 to Rs 739 crore in FY26, which works out to a compound annual growth rate of 25.7%. In the June 2026 quarter, revenue grew 21.6% year on year to Rs 3,262 crore, while net profit rose 101.0% to Rs 490 crore. The company has a return on equity of 10.8%, a debt to equity ratio of 0.83 and a market capitalisation of Rs 14,354 crore. The stock trades at a P/E of 14.6, below the industry P/E of 33.2. Looking ahead, the company is expanding its chemical capacity for mining and industrial customers, which supports higher-value sales. Growing mining and infrastructure activity increases demand for its products.
How has Solar Industries India performed financially?
Ans. Revenue rose from Rs 3,967 crore in FY22 to Rs 9,966 crore in FY26, a compound annual growth rate of 25.9%. Net profit grew from Rs 455 crore in FY22 to Rs 1,737 crore in FY26, which works out to a compound annual growth rate of 39.7%. The company has a return on equity of 26.7%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 178,992 crore. The stock trades at a P/E of 87.3, above the industry P/E of 48.1. Looking ahead, the company serves mining and infrastructure customers with bulk and packaged explosives and has grown its defence business with large export orders. Capacity additions in defence manufacturing and a global presence widen its reach.
What risks should investors check before buying chemical, crop nutrient and explosives stocks?
Ans. Investors should check a few risks before buying chemical, crop nutrient and explosives stocks. Raw material and energy costs. Input prices can move margins in chemicals. Commodity prices. Selling prices follow global and domestic markets. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.
Is this list of chemical, crop nutrient and explosives stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 29 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.
