Gujarat Stocks to Buy in November 2026: 5 Names on the Watchlist
- November 4, 2026
- Posted by: Neeraj Pandey
- Category: Best Stocks
Adani Ports Rs 1,867. Pipavav Rs 163.33. Dharmaj Crop Guard Rs 249.05. GSFC Rs 136.18. Adani Energy Solutions Rs 1,370. NSE closing prices, 3 Nov 2026.
Quick Answer
Five Gujarat stocks to buy on the November 2026 watchlist are Adani Ports and Special Economic Zone, Gujarat Pipavav Port, Dharmaj Crop Guard, Gujarat State Fertilizers and Chemicals and Adani Energy Solutions. All five grew revenue in their latest full year, and all five also grew net profit. Gujarat State Fertilizers and Chemicals has the lowest P/E at 7.84, while Gujarat Pipavav Port leads on return on equity at 21.57%. Check each valuation against your own risk appetite before acting.
The Gujarat stocks to buy in November 2026 start with five listed names: Adani Ports and Special Economic Zone, Gujarat Pipavav Port, Dharmaj Crop Guard, Gujarat State Fertilizers and Chemicals and Adani Energy Solutions. Gujarat stocks are listed companies based in or built around Gujarat, a state known for ports, chemicals, fertilisers and power infrastructure.
This article ranks none of them as a sure thing. It lays out the numbers each company has reported, how the shares are priced today and what an investor should check before adding any of these Gujarat stocks to buy to a portfolio. All prices are NSE closing prices of 3 November 2026, and financials come from company filings.
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Which Are the Best Gujarat Stocks to Buy in November 2026?
The best Gujarat stocks to buy in November 2026 for a watchlist are Adani Ports and Special Economic Zone, Gujarat Pipavav Port, Dharmaj Crop Guard, Gujarat State Fertilizers and Chemicals and Adani Energy Solutions. They were picked because each has complete reported financials, profit in the latest quarter and an NSE listing. The table puts their market data side by side.
| Company | CMP (Rs) | Market Cap | P/E | ROE | Dividend Yield |
|---|---|---|---|---|---|
| Adani Ports and Special Economic Zone | 1,867 | Rs 4,26,232 crore | 31.15 | 13.33% | 0.41% |
| Gujarat Pipavav Port | 163.33 | Rs 7,853 crore | 14.05 | 21.57% | 6.40% |
| Dharmaj Crop Guard | 249.05 | Rs 846 crore | 14.06 | 12.17% | 0.00% |
| Gujarat State Fertilizers and Chemicals | 136.18 | Rs 5,435 crore | 7.84 | 5.48% | 3.67% |
| Adani Energy Solutions | 1,370 | Rs 1,66,444 crore | 42.70 | 11.85% | 0.00% |
On valuation, Gujarat Pipavav Port, Dharmaj Crop Guard and Gujarat State Fertilizers and Chemicals trade below the industry P/E; Adani Ports and Special Economic Zone sits close to it; Adani Energy Solutions carries a premium. Valuation is the first filter for any Gujarat stocks to buy list, and it is covered again in the risk section.
Why These Gujarat Stocks to Buy Are in Focus
Gujarat’s coastline, industrial parks and chemical clusters have produced a strong group of listed companies. The list covers India’s largest port operator, a container port operator at Pipavav, a crop protection maker, a Gujarat-based fertiliser and chemicals producer and a power transmission and distribution company. Investors comparing the best Gujarat stocks in India usually check cargo volumes, farm demand and debt levels.
Adani Ports and Special Economic Zone: The Port Operator Among Gujarat Stocks to Buy
Adani Ports and Special Economic Zone is India’s largest port operator, with ports and logistics services. Its market capitalisation is Rs 4,26,232 crore, the share price is Rs 1,867 and the P/E of 31.15 compares with an industry P/E of 30.60.
Over FY26, net profit rose 15.6% to Rs 12,782 crore on revenue of Rs 40,854 crore, which was up 26.2%. The latest quarter, the September 2026 quarter, brought revenue of Rs 11,610 crore, up 16.1% year on year, and net profit of Rs 3,682 crore, up 18.0%.
Return on equity is 13.33%, debt-to-equity is 0.65, and the dividend yield is 0.41%. Promoters hold 66.03%, foreign institutions 15.95% and domestic institutions 13.25% as of September 2026. Foreign institutional holding has risen from 13.61% to 15.95% over the last year.
Gujarat Pipavav Port: The Container Port Operator Among Gujarat Stocks to Buy
Gujarat Pipavav Port is a port operator at Pipavav in Gujarat handling containers and bulk cargo. The stock trades at Rs 163.33 with a market capitalisation of Rs 7,853 crore and a P/E of 14.05, against an industry P/E of 30.60.
FY26 revenue rose 15.2% to Rs 1,232 crore and net profit rose 29.8% to Rs 515 crore. In the June 2026 quarter, revenue grew 28.0% year on year to Rs 347 crore, while net profit grew 41.8% to Rs 148 crore.
Return on equity is 21.57%, debt-to-equity is 0.02, and the dividend yield is 6.40%. Promoters hold 44.01%, foreign institutions 23.23% and domestic institutions 13.09% as of September 2026. Foreign institutional holding has risen from 19.82% to 23.23% over the last year.
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Dharmaj Crop Guard: A Small-Cap Crop Protection Name Among Gujarat Stocks to Buy
Dharmaj Crop Guard is a small-cap maker and marketer of insecticides, fungicides and herbicides sold to farmers across India. At Rs 249.05, the stock has a market capitalisation of Rs 846 crore and trades at 14.06 times earnings, while the industry P/E is 22.16.
Reported numbers show FY26 revenue of Rs 1,146 crore, up 20.3% year on year, with net profit at Rs 54.6 crore, up 56.9%. The June 2026 quarter added revenue of Rs 384 crore (up 4.2%) and net profit of Rs 38.1 crore (up 16.9%).
Return on equity is 12.17%, debt-to-equity is 0.29, and the dividend yield is negligible. Promoters hold 70.40%, foreign institutions 3.12% and domestic institutions 0.50% as of September 2026.
Gujarat State Fertilizers and Chemicals: The Gujarat Fertiliser and Chemicals Name Among Gujarat Stocks to Buy
Gujarat State Fertilizers and Chemicals is a Gujarat-based maker of fertilisers and industrial chemicals. Its market capitalisation is Rs 5,435 crore, the share price is Rs 136.18 and the P/E of 7.84 compares with an industry P/E of 20.30.
Over FY26, net profit rose 13.8% to Rs 673 crore on revenue of Rs 11,222 crore, which was up 13.9%. The latest quarter, the June 2026 quarter, brought revenue of Rs 3,617 crore, up 62.5% year on year, and net profit of Rs 159 crore, up 14.4%.
Return on equity is 5.48%, debt-to-equity is 0.00, and the dividend yield is 3.67%. Promoters hold 37.84%, foreign institutions 12.52% and domestic institutions 5.83% as of September 2026. A point to keep in view: return on equity is a modest 5.48%.
Adani Energy Solutions: The Group Transmission Arm Among Gujarat Stocks to Buy
Adani Energy Solutions is a power transmission and distribution company in the Adani Group. The stock trades at Rs 1,370 with a market capitalisation of Rs 1,66,444 crore and a P/E of 42.70, against an industry P/E of 19.93.
FY26 revenue rose 15.9% to Rs 28,325 crore and net profit rose 159.6% to Rs 2,393 crore. In the September 2026 quarter, revenue grew 51.3% year on year to Rs 10,239 crore, while net profit grew 144.8% to Rs 1,364 crore.
Return on equity is 11.85%, debt-to-equity is 1.65, and the dividend yield is negligible. Promoters hold 73.39%, foreign institutions 9.56% and domestic institutions 13.61% as of September 2026. Domestic institutional holding has risen from 10.14% to 13.61% over the last year. A point to keep in view: debt is higher than most names on this list.
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Growth Snapshot: Latest Full Year and Latest Quarter
The table compares year-on-year growth in revenue and net profit for all five Gujarat stocks, using filed results.
| Company | Full-Year Revenue Growth | Full-Year Profit Growth | Latest Quarter | Quarter Revenue Growth | Quarter Profit Growth |
|---|---|---|---|---|---|
| Adani Ports and Special Economic Zone | 26.2% | 15.6% | Sep 2026 | 16.1% | 18.0% |
| Gujarat Pipavav Port | 15.2% | 29.8% | Jun 2026 | 28.0% | 41.8% |
| Dharmaj Crop Guard | 20.3% | 56.9% | Jun 2026 | 4.2% | 16.9% |
| Gujarat State Fertilizers and Chemicals | 13.9% | 13.8% | Jun 2026 | 62.5% | 14.4% |
| Adani Energy Solutions | 15.9% | 159.6% | Sep 2026 | 51.3% | 144.8% |
Factors That Move Gujarat Stocks to Buy
Four factors tend to drive Gujarat stocks, and each one is worth checking before a purchase.
- Port volumes: Cargo growth drives port revenue.
- Farm demand: Crop protection and fertilisers follow the monsoon and crop cycle.
- Power demand: Transmission earnings follow grid expansion.
- Debt: Infrastructure names often carry higher borrowings.
Risks to Keep in Mind Before Buying Gujarat Stocks
The first risk is that port, fertiliser and crop protection earnings depend on trade volumes, weather and government pricing. The second is that infrastructure names carry higher debt, so check balance sheets. Valuations differ across the list.
On the numbers, Adani Energy Solutions trades at the highest P/E on this list at 42.70, so its earnings need to keep growing to support the price. Gujarat stocks to buy can still fall when markets turn weak, and a staggered entry has historically suited investors better than a lump-sum purchase.
How to Choose Gujarat Stocks to Buy
- Check cargo and order data: Volumes show real demand.
- Review debt: Infrastructure names borrow more.
- Study monsoon exposure: Farm names follow crop cycles.
- Compare valuations: Look at P/E against the industry.
How to Invest in Gujarat Stocks
- Shortlist two or three companies from this list that match your risk appetite.
- Open the Univest Screener and compare P/E, ROE and debt for each stock.
- Check the latest quarterly results and shareholding pattern on NSE or BSE.
- Decide an amount you can hold for three to five years and split it into two or three purchases.
- Review the holding after every quarterly result instead of reacting to daily price moves.
Conclusion
Gujarat State Fertilizers and Chemicals offers the lowest P/E on this list at 7.84, Gujarat Pipavav Port has the highest return on equity at 21.57%, and Adani Energy Solutions posted the fastest net profit growth in its latest full year at 159.6%. Among the best Gujarat stocks in India, these five give investors a spread of size, valuation and growth, so the right pick depends on risk appetite and holding period. Spread the entry, keep position sizes sensible and consult a SEBI-registered advisor before investing in any of these Gujarat stocks to buy.
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).
Frequently Asked Questions on Gujarat Stocks to Buy
Which are the best Gujarat stocks to buy in November 2026?
Ans. The five Gujarat stocks on the November 2026 watchlist are Adani Ports and Special Economic Zone, Gujarat Pipavav Port, Dharmaj Crop Guard, Gujarat State Fertilizers and Chemicals and Adani Energy Solutions. Gujarat State Fertilizers and Chemicals has the lowest P/E at 7.84, Gujarat Pipavav Port has the highest ROE at 21.57%, and Adani Energy Solutions grew net profit 159.6% in its latest full year. This is educational content, not investment advice, so please consult a SEBI-registered advisor.
Is Adani Ports and Special Economic Zone a good stock to buy from this Gujarat list?
Ans. Adani Ports and Special Economic Zone is the largest company on this list with a market capitalisation of Rs 4,26,232 crore and a P/E of 31.15 against an industry P/E of 30.60. Its FY26 revenue rose 26.2% and net profit rose 15.6%, with return on equity at 13.33%. Whether it suits you depends on your risk appetite and holding period, so please consult a SEBI-registered advisor before investing.
Are these Gujarat stocks expensive right now?
Ans. Valuations vary across the group. Adani Ports and Special Economic Zone trades at a P/E of 31.15, Gujarat Pipavav Port trades at a P/E of 14.05, Dharmaj Crop Guard trades at a P/E of 14.06, Gujarat State Fertilizers and Chemicals trades at a P/E of 7.84, Adani Energy Solutions trades at a P/E of 42.70, against industry multiples ranging from 19.93 to 30.60. Higher multiples reflect faster growth but also leave less room for earnings misses, so entry price deserves attention.
Which of these Gujarat stocks pay a dividend?
Ans. Dividend yields on this list are Adani Ports and Special Economic Zone 0.41%, Gujarat Pipavav Port 6.40%, Gujarat State Fertilizers and Chemicals 3.67%. Yields differ widely across the group, so check payout history and earnings cover before relying on any of them for income, since payouts can change with company profits.
Which stock on this list has the highest return on equity?
Ans. Gujarat Pipavav Port has the highest ROE on this list at 21.57%, followed by Adani Ports and Special Economic Zone at 13.33% and Dharmaj Crop Guard at 12.17%. A higher ROE shows a company earns more profit on shareholder capital, but it should be read alongside valuation and debt.
What are the risks of investing in Gujarat stocks?
Ans. The main risks are trade volumes, weather and farm demand, higher infrastructure debt and government fertiliser pricing. On this list, Adani Energy Solutions trades at the highest P/E of 42.70, which leaves less room for earnings disappointments. Staggered buying and a long holding period can help manage these risks.
How can I invest in Gujarat stocks in India?
Ans. You can buy these stocks directly on NSE or BSE through a demat account, and compare them first on the Univest Screener using P/E, ROE and debt. Many investors split the amount across two or three purchases and review the holding after each quarterly result. Sector-themed mutual funds and ETFs are another route for investors who prefer diversification.
