Buy, Sell Or Hold: Chambal Fertilisers and Chemicals, Rashtriya Chemicals and Fertilizers, National Fertilizers, GNFC, Deepak Fertilisers and Petrochemicals — Analyst Forecast
- September 25, 2026
- Posted by: Lakshit Sharma
- Category: Market
India’s fertilizer makers span urea, phosphatic and specialty chemical producers, businesses shaped by subsidy policy, monsoon-driven crop demand and gas or naphtha input costs. This piece checks five listed fertilizers stocks on valuation and profitability.
Sector Snapshot (25 September 2026)
| Stock | LTP (Rs) | 52W High | 52W Low | P/E vs Industry | ROE | Our View |
|---|---|---|---|---|---|---|
| Chambal Fertilisers and Chemicals | 419.10 | 539.20 | 399.75 | 8.69 / 23.21 | 18.77% | Buy on Dips |
| Rashtriya Chemicals and Fertilizers | 108.30 | 157.20 | 106.00 | 13.40 / 23.21 | 8.35% | Hold |
| National Fertilizers | 66.26 | 98.30 | 63.35 | 8.96 / 23.21 | 7.44% | Hold |
| GNFC | 628.65 | 635.00 | 365.00 | 8.86 / 37.32 | 8.86% | Buy on Dips |
| Deepak Fertilisers and Petrochemicals | 1,368.70 | 1,681.00 | 866.40 | 17.43 / 37.32 | 10.77% | Buy on Dips |
Quick Answer
Chambal Fertilisers and Chemicals stands out among these fertilizers stocks, combining a steep discount to the industry average with the strongest return on equity in the group, while trading close to its 52-week low. GNFC and Deepak Fertilisers and Petrochemicals both offer similar below-industry discounts, GNFC with a debt-free balance sheet near its 52-week high. Rashtriya Chemicals and Fertilizers and National Fertilizers are cheap but carry more modest returns and higher debt.
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Chambal Fertilisers and Chemicals: Buy on Dips
Chambal Fertilisers and Chemicals trades at Rs 419.10, close to its 52-week low of Rs 399.75 and down close to 22% from its high of Rs 539.20. It stands out with a price-to-earnings ratio of just 8.69 against an industry average of 23.21, alongside the strongest return on equity in this group at 18.77% and a low debt-to-equity ratio of 0.10. That combination of a deep discount, strong profitability and a stock near its lows makes it the standout fertilizers stock to watch for accumulation.
Rashtriya Chemicals and Fertilizers: Hold
Rashtriya Chemicals and Fertilizers is at Rs 108.30, close to its 52-week low of Rs 106.00. It trades at a price-to-earnings ratio of 13.40, well below the industry average of 23.21, but a return on equity of 8.35% is comparatively modest, and it carries a debt-to-equity ratio of 0.81, higher than most peers here. That combination keeps this in hold territory rather than a fresh buy.
National Fertilizers: Hold
National Fertilizers trades at Rs 66.26, close to its 52-week low of Rs 63.35 and down close to 33% from its high of Rs 98.30. It stands out with a price-to-earnings ratio of just 8.96 against an industry average of 23.21, but a return on equity of 7.44% is modest, and it carries the highest debt-to-equity ratio in this group at 1.40. That combination of a cheap valuation offset by weaker returns and higher leverage keeps this in hold territory.
GNFC: Buy on Dips
GNFC is at Rs 628.65, close to its 52-week high of Rs 635.00. It trades at a price-to-earnings ratio of just 8.86 against an industry average of 37.32, alongside a return on equity of 8.86% and a completely debt-free balance sheet. That combination of a very deep discount, positive returns and no leverage makes it another of the more attractive fertilizers stocks to accumulate on dips, even as it trades near its highs.
Deepak Fertilisers and Petrochemicals: Buy on Dips
Deepak Fertilisers and Petrochemicals trades at Rs 1,368.70, down close to 19% from its 52-week high of Rs 1,681.00. It combines a return on equity of 10.77% with a price-to-earnings ratio of 17.43, well below the industry average of 37.32. That mix of a discounted valuation and reasonable profitability makes it worth watching for accumulation on dips.
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What Ties These Fertilizers Stocks Together
Across these fertilizers stocks, every single name currently trades below its industry average valuation, a pattern typical of a sector shaped by government subsidy policy and price controls that cap how richly the market prices these businesses. Chambal Fertilisers and Chemicals, GNFC and Deepak Fertilisers and Petrochemicals combine that discount with the strongest profitability in the group, while Rashtriya Chemicals and Fertilizers and National Fertilizers carry more modest returns and higher leverage. Subsidy disbursement timing, gas and naphtha costs, and monsoon-driven crop demand can all move these numbers meaningfully from one quarter to the next.
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Conclusion
Fertilizers stocks in India currently show Chambal Fertilisers and Chemicals, GNFC and Deepak Fertilisers and Petrochemicals as the better placed picks for gradual accumulation among these fertilizers stocks, while Rashtriya Chemicals and Fertilizers and National Fertilizers are more reasonable holds given their higher leverage and more modest returns. As always, treat this as a starting point rather than a final word.
Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Stock market investments are subject to market risks. Please verify all data independently and consult a SEBI-registered investment adviser before making any investment decisions. Univest Financial Services Private Limited, SEBI Registered Investment Adviser, Registration No. INH000013776.
Frequently Asked Questions
A few common questions on these fertilizers stocks, answered briefly below for quick reference.
Which fertilizers stocks look attractive right now?
Chambal Fertilisers and Chemicals, GNFC and Deepak Fertilisers and Petrochemicals all combine below-industry valuations with the strongest return on equity among these fertilizers stocks.
Why do all these fertilizers stocks trade below the industry average?
Government subsidy policy and price controls on urea and phosphatic fertilizers tend to cap how richly the market values fertilizer producers, which is why every name in this group trades at a discount to the broader industry benchmark.
Is GNFC debt-free?
Yes, GNFC has a debt-to-equity ratio of zero, giving it a completely debt-free balance sheet alongside its steep discount to the industry average.
Why does National Fertilizers carry so much debt?
National Fertilizers’ debt-to-equity ratio of 1.40 is the highest among these fertilizers stocks, which is worth weighing against its cheap headline valuation and modest return on equity.
How does subsidy policy affect fertilizer stocks?
Fertilizer subsidies are set and disbursed by the government, so delays in subsidy payments or changes to the subsidy structure can directly affect the working capital and reported earnings of producers like Chambal Fertilisers and Chemicals and Rashtriya Chemicals and Fertilizers.
Where can I track these fertilizers stocks in real time?
You can track live prices, set price alerts, and follow quarterly results for Chambal Fertilisers and Chemicals, Rashtriya Chemicals and Fertilizers, National Fertilizers, GNFC and Deepak Fertilisers and Petrochemicals using the Univest iOS App and Univest Android App.