3 Ice Cream Maker, Luggage Brand and Crop Protection Company Stocks With a Strong Future Roadmap: Vadilal Industries, Safari Industries (India) and PI Industries
- November 2, 2026
- Posted by: Chaitanya Auti
- Category: Best Stocks
Vadilal Industries, Safari Industries (India) and PI Industries: ROE of 11.8% to 18.2% and FY22 to FY26 revenue CAGR of 6.8% to 30.6%. Prices as of 30 Oct 2026.
Quick Answer
The three frozen dessert, luggage and crop science stocks to watch are Vadilal Industries, Safari Industries (India) and PI Industries. Their return on equity ranges from 11.8% to 18.2%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.8% to 30.6%. Vadilal Industries has the highest return on equity at 18.2%, while Safari Industries (India) has the fastest revenue growth at 30.6% a year. Prices are based on the 30 October 2026 close, and this article is educational, not investment advice.
Frozen dessert, luggage and crop science stocks let investors follow companies that serve a growing part of the Indian economy. Vadilal Industries, Safari Industries (India) and PI Industries cover an ice cream maker, a luggage brand and a crop protection company.
This list covers three frozen dessert, luggage and crop science stocks with complete current figures: Vadilal Industries, Safari Industries (India) and PI Industries. Every figure comes from the latest reported financials and the 30 October 2026 market close. Companies without complete current figures were left out.
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What Are Frozen Dessert, Luggage and Crop Science Stocks?
Frozen dessert, luggage and crop science stocks are listed companies that make ice creams and frozen desserts, sell hard and soft luggage through stores and online, and supply crop protection products and custom synthesis chemicals. Their earnings depend on household spending, travel habits and farm demand.
Frozen Dessert, Luggage and Crop Science Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Vadilal Industries | 7,492.5 | 5,137 | 23.4 | 33.9 | 18.2 | 0.27 |
| Safari Industries (India) | 1,181.1 | 6,495 | 39.4 | 36.4 | 15.1 | 0.10 |
| PI Industries | 2,100 | 33,166 | 28.5 | 23.3 | 11.8 | 0.03 |
On valuation, Vadilal Industries trades at a P/E below the industry P/E, while Safari Industries (India) and PI Industries trade above it, which reflects the growth the market already expects. Readers comparing frozen dessert, luggage and crop science stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Frozen Dessert, Luggage and Crop Science Stocks Have a Strong Roadmap in India?
Frozen dessert, luggage and crop science stocks have a strong roadmap in India because rising incomes, growing travel and wider use of branded goods and modern farm inputs keep widening the market for these consumer and agri linked companies.
- Branded frozen food. Packaged desserts gain share in cities.
- Travel demand. More trips mean more luggage sales.
- Farm inputs. Better yields need crop protection.
Why Vadilal Industries Features Among These Frozen Dessert, Luggage and Crop Science Stocks
Among the frozen dessert, luggage and crop science stocks on this list, Vadilal Industries, based in Ahmedabad, makes ice creams and frozen desserts and also has processed foods and a franchise-led network of parlours.
Revenue rose from Rs 706 crore in FY22 to Rs 1,525 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 44.7 crore in FY22 to Rs 155 crore in FY26, which works out to a compound annual growth rate of 36.5%.
In the June 2026 quarter, revenue grew 38.6% year on year to Rs 707 crore, while net profit rose 95.4% to Rs 131 crore. The company has a return on equity of 18.2%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 5,137 crore. The stock trades at a P/E of 23.4, below the industry P/E of 33.9.
Roadmap: Rising ice cream consumption, deeper cold-chain distribution and new flavours and formats support revenue. The company is widening its retail footprint and gaining share in organised frozen desserts.
What to watch: Follow seasonal demand and the pace of new distribution tie-ups.
Why Safari Industries (India) Features Among These Frozen Dessert, Luggage and Crop Science Stocks
Among the household brand and farm input shares on this list, Safari Industries (India) makes hard luggage and soft luggage, including trolley bags and backpacks, and sells through retail stores, online channels and distributors.
In the June 2026 quarter, revenue grew 11.6% year on year to Rs 596 crore. Revenue rose from Rs 713 crore in FY22 to Rs 2,072 crore in FY26, a compound annual growth rate of 30.6%.
Net profit grew from Rs 22.4 crore in FY22 to Rs 168 crore in FY26, which works out to a compound annual growth rate of 65.5%. The company has a return on equity of 15.1%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 6,495 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.4.
Roadmap: Rising travel, a shift to branded luggage and capacity additions support its sales. The company’s push for a premium range and wider retail reach adds to demand, and a bigger plant network supports growth.
What to watch: Follow travel demand trends and the pace of capacity ramp-up.
Why PI Industries Features Among These Frozen Dessert, Luggage and Crop Science Stocks
Among the three companies on this list, PI Industries is a Udaipur-based agrochemical and custom synthesis company. It sells crop protection products in India and manufactures complex molecules for global innovators, and it has added pharma and specialty chemistry capabilities.
The company has a return on equity of 11.8%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 33,166 crore. The stock trades at a P/E of 28.5, above the industry P/E of 23.3.
Revenue rose from Rs 5,401 crore in FY22 to Rs 7,024 crore in FY26, a compound annual growth rate of 6.8%. Net profit grew from Rs 844 crore in FY22 to Rs 1,321 crore in FY26, which works out to a compound annual growth rate of 11.9%.
Roadmap: The company is building long-term supply contracts for global customers, launching new crop protection brands and widening into pharma and other specialty areas. Strong research and plant capacity support its pipeline.
What to watch: Check the growth of custom synthesis orders and new product launches.
Vadilal Industries vs Safari Industries (India) vs PI Industries on Key Financials
The table below sets the three frozen dessert, luggage and crop science 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 |
|---|---|---|---|---|---|
| Vadilal Industries | 706 | 1,525 | 21.2% | 155 | 10.2% |
| Safari Industries (India) | 713 | 2,072 | 30.6% | 168 | 8.1% |
| PI Industries | 5,401 | 7,024 | 6.8% | 1,321 | 18.8% |
Vadilal Industries posts the highest return on equity in this group at 18.2%. PI Industries has the largest FY26 revenue at Rs 7,024 crore, and Safari Industries (India) shows the fastest revenue growth with a 30.6% compound annual rate. A useful habit with frozen dessert, luggage and crop science stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Frozen Dessert, Luggage and Crop Science Stocks
Every theme carries risks that deserve a check before any decision. For these frozen dessert, luggage and crop science stocks, the main points are: Long-term household brand and farm input shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Consumer spending. Sales follow festivals, incomes and consumer mood.
- Monsoon and farm output. Crop and feed demand can vary with the season.
- 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 frozen dessert, luggage and crop science stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Frozen Dessert, Luggage and Crop Science Stocks
Frozen dessert, luggage and crop science stocks reward investors who follow demand trends, order books and margins together. Vadilal Industries, Safari Industries (India) and PI Industries each have a clear plan to grow. Based on the 30 October 2026 close, Vadilal Industries trades at Rs 7,492.5, Safari Industries (India) at Rs 1,181.1 and PI Industries at Rs 2,100. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these frozen dessert, luggage and crop science stocks to a watchlist.
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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 frozen dessert, luggage and crop science stocks?
Ans. Frozen dessert, luggage and crop science stocks are listed companies that make ice creams and frozen desserts, sell hard and soft luggage through stores and online, and supply crop protection products and custom synthesis chemicals. Their earnings depend on household spending, travel habits and farm demand. This list looks at three of them, Vadilal Industries, Safari Industries (India) and PI Industries, using reported FY22 to FY26 financials and the 30 October 2026 closing prices.
Which frozen dessert, luggage and crop science stocks are covered in this list?
Ans. This list covers Vadilal Industries, Safari Industries (India) and PI Industries. Based on the 30 October 2026 close, Vadilal Industries traded at Rs 7,492.5, Safari Industries (India) at Rs 1,181.1 and PI Industries at Rs 2,100. Their return on equity ranges from 11.8% to 18.2%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.8% to 30.6%.
Why do frozen dessert, luggage and crop science stocks have a strong future roadmap in India?
Ans. Frozen dessert, luggage and crop science stocks have a strong roadmap in India because rising incomes, growing travel and wider use of branded goods and modern farm inputs keep widening the market for these consumer and agri linked companies. The main drivers are as follows. Branded frozen food. Packaged desserts gain share in cities. Travel demand. More trips mean more luggage sales. Farm inputs. Better yields need crop protection. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Vadilal Industries performed financially?
Ans. Revenue rose from Rs 706 crore in FY22 to Rs 1,525 crore in FY26, a compound annual growth rate of 21.2%. Net profit grew from Rs 44.7 crore in FY22 to Rs 155 crore in FY26, which works out to a compound annual growth rate of 36.5%. In the June 2026 quarter, revenue grew 38.6% year on year to Rs 707 crore, while net profit rose 95.4% to Rs 131 crore. The company has a return on equity of 18.2%, a debt to equity ratio of 0.27 and a market capitalisation of Rs 5,137 crore. The stock trades at a P/E of 23.4, below the industry P/E of 33.9. Looking ahead, rising ice cream consumption, deeper cold-chain distribution and new flavours and formats support revenue. The company is widening its retail footprint and gaining share in organised frozen desserts.
How has Safari Industries (India) performed financially?
Ans. Revenue rose from Rs 713 crore in FY22 to Rs 2,072 crore in FY26, a compound annual growth rate of 30.6%. Net profit grew from Rs 22.4 crore in FY22 to Rs 168 crore in FY26, which works out to a compound annual growth rate of 65.5%. In the June 2026 quarter, revenue grew 11.6% year on year to Rs 596 crore. The company has a return on equity of 15.1%, a debt to equity ratio of 0.10 and a market capitalisation of Rs 6,495 crore. The stock trades at a P/E of 39.4, above the industry P/E of 36.4. Looking ahead, rising travel, a shift to branded luggage and capacity additions support its sales. The company’s push for a premium range and wider retail reach adds to demand, and a bigger plant network supports growth.
How has PI Industries performed financially?
Ans. Revenue rose from Rs 5,401 crore in FY22 to Rs 7,024 crore in FY26, a compound annual growth rate of 6.8%. Net profit grew from Rs 844 crore in FY22 to Rs 1,321 crore in FY26, which works out to a compound annual growth rate of 11.9%. The company has a return on equity of 11.8%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 33,166 crore. The stock trades at a P/E of 28.5, above the industry P/E of 23.3. Looking ahead, the company is building long-term supply contracts for global customers, launching new crop protection brands and widening into pharma and other specialty areas. Strong research and plant capacity support its pipeline.
What risks should investors check before buying frozen dessert, luggage and crop science stocks?
Ans. Investors should check a few risks before buying frozen dessert, luggage and crop science stocks. Consumer spending. Sales follow festivals, incomes and consumer mood. Monsoon and farm output. Crop and feed demand can vary with the season. 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 frozen dessert, luggage and crop science stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 30 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.