3 Ice Cream and Frozen Desserts Maker, Two Wheelers Leader and Diversified Chemicals and Sugar Company Stocks With a Strong Future Roadmap: Vadilal Industries, Hero MotoCorp and DCM Shriram
- November 4, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Vadilal Industries, Hero MotoCorp and DCM Shriram: ROE of 16.3% to 26.6% and FY22 to FY26 revenue CAGR of 9.0% to 21.2%. Prices as of 3 Nov 2026.
Quick Answer
The three dessert, two wheeler and agri chemical stocks to watch are Vadilal Industries, Hero MotoCorp and DCM Shriram. Their return on equity ranges from 16.3% to 26.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.0% to 21.2%. Hero MotoCorp has the highest return on equity at 26.6%, while Vadilal Industries has the fastest revenue growth at 21.2% a year. Prices are based on the 3 November 2026 close, and this article is educational, not investment advice.
Dessert, two wheeler and agri chemical stocks let investors follow companies that serve a growing part of the Indian economy. Vadilal Industries, Hero MotoCorp and DCM Shriram cover an ice cream maker, a two wheelers leader and a diversified chemicals and sugar company.
This list covers three dessert, two wheeler and agri chemical stocks with complete current figures: Vadilal Industries, Hero MotoCorp and DCM Shriram. Every figure comes from the latest reported financials and the 3 November 2026 market close. Companies without complete current figures were left out.
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What Are Dessert, Two Wheeler and Agri Chemical Stocks?
Dessert, two wheeler and agri chemical stocks are listed companies that make ice creams and frozen desserts, sell motorcycles and scooters through a vast dealer network, and run chemicals, sugar, fertiliser and building products businesses. Their earnings depend on household spending, vehicle demand and farm activity.
Dessert, Two Wheeler and Agri Chemical Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Vadilal Industries | 7,330.5 | 5,137 | 23.4 | 33.9 | 18.2 | 0.27 |
| Hero MotoCorp | 5,300 | 100,778 | 18.4 | 23.4 | 26.6 | 0.04 |
| DCM Shriram | 895.3 | 14,257 | 10.3 | 13.9 | 16.3 | 0.24 |
On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing dessert, two wheeler and agri chemical stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Dessert, Two Wheeler and Agri Chemical Stocks Have a Strong Roadmap in India?
Dessert, two wheeler and agri chemical stocks have a strong roadmap in India because rising incomes, steady two-wheeler demand and a healthy farm economy keep widening the market for these consumer and rural linked companies.
- Frozen desserts. Packaged ice cream reaches more homes.
- Two-wheelers. Dealer networks reach villages and towns.
- Agri and chemicals. Sugar, fertiliser and chemicals serve farm and industry.
Why Vadilal Industries Features Among These Dessert, Two Wheeler and Agri Chemical Stocks
Among the dessert, two wheeler and agri chemical 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 Hero MotoCorp Features Among These Dessert, Two Wheeler and Agri Chemical Stocks
Among the household and rural demand shares on this list, Hero MotoCorp is one of the world’s largest two-wheeler makers by volume, selling motorcycles and scooters across India through a vast network of dealers and service points, and it also exports to several markets.
In the June 2026 quarter, revenue grew 35.4% year on year to Rs 13,586 crore. Revenue rose from Rs 30,106 crore in FY22 to Rs 48,469 crore in FY26, a compound annual growth rate of 12.6%.
Net profit grew from Rs 2,329 crore in FY22 to Rs 5,776 crore in FY26, which works out to a compound annual growth rate of 25.5%. The company has a return on equity of 26.6%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 100,778 crore. The stock trades at a P/E of 18.4, below the industry P/E of 23.4.
Roadmap: The company is widening its premium motorcycle range, building an electric vehicle presence and growing its exports. Its large rural and semi-urban reach supports demand when household spending improves.
What to watch: Track monthly volumes, premium mix, electric vehicle progress and rural demand.
Why DCM Shriram Features Among These Dessert, Two Wheeler and Agri Chemical Stocks
Among the three companies on this list, DCM Shriram is a diversified company with businesses in caustic soda and chemicals, sugar, fertilisers and agri inputs, and building products.
The company has a return on equity of 16.3%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 14,257 crore. The stock trades at a P/E of 10.3, below the industry P/E of 13.9.
Revenue rose from Rs 9,719 crore in FY22 to Rs 13,734 crore in FY26, a compound annual growth rate of 9.0%. Net profit grew from Rs 447 crore in FY24 to Rs 856 crore in FY26, which works out to a compound annual growth rate of 38.4%.
Roadmap: The company is expanding its chemicals capacity and widening its range of agri inputs and value-added products. A mix of chemicals and agri businesses spreads its sources of revenue.
What to watch: Monitor chemical prices, sugar output and demand for agri inputs.
Vadilal Industries vs Hero MotoCorp vs DCM Shriram on Key Financials
The table below sets the three dessert, two wheeler and agri chemical 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% |
| Hero MotoCorp | 30,106 | 48,469 | 12.6% | 5,776 | 11.9% |
| DCM Shriram | 9,719 | 13,734 | 9.0% | 856 | 6.2% |
Hero MotoCorp posts the highest return on equity in this group at 26.6%. Hero MotoCorp has the largest FY26 revenue at Rs 48,469 crore, and Vadilal Industries shows the fastest revenue growth with a 21.2% compound annual rate. A useful habit with dessert, two wheeler and agri chemical stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Dessert, Two Wheeler and Agri Chemical Stocks
Every theme carries risks that deserve a check before any decision. For these dessert, two wheeler and agri chemical stocks, the main points are: Long-term household and rural demand 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 dessert, two wheeler and agri chemical stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Dessert, Two Wheeler and Agri Chemical Stocks
Dessert, two wheeler and agri chemical stocks reward investors who follow demand trends, order books and margins together. Vadilal Industries, Hero MotoCorp and DCM Shriram each have a clear plan to grow. Based on the 3 November 2026 close, Vadilal Industries trades at Rs 7,330.5, Hero MotoCorp at Rs 5,300 and DCM Shriram at Rs 895.3.
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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 dessert, two wheeler and agri chemical stocks?
Ans. Dessert, two wheeler and agri chemical stocks are listed companies that make ice creams and frozen desserts, sell motorcycles and scooters through a vast dealer network, and run chemicals, sugar, fertiliser and building products businesses. Their earnings depend on household spending, vehicle demand and farm activity. This list looks at three of them, Vadilal Industries, Hero MotoCorp and DCM Shriram, using reported FY22 to FY26 financials and the 3 November 2026 closing prices.
Which dessert, two wheeler and agri chemical stocks are covered in this list?
Ans. This list covers Vadilal Industries, Hero MotoCorp and DCM Shriram. Based on the 3 November 2026 close, Vadilal Industries traded at Rs 7,330.5, Hero MotoCorp at Rs 5,300 and DCM Shriram at Rs 895.3. Their return on equity ranges from 16.3% to 26.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 9.0% to 21.2%.
Why do dessert, two wheeler and agri chemical stocks have a strong future roadmap in India?
Ans. Dessert, two wheeler and agri chemical stocks have a strong roadmap in India because rising incomes, steady two-wheeler demand and a healthy farm economy keep widening the market for these consumer and rural linked companies. The main drivers are as follows. Frozen desserts. Packaged ice cream reaches more homes. Two-wheelers. Dealer networks reach villages and towns. Agri and chemicals. Sugar, fertiliser and chemicals serve farm and industry. 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 Hero MotoCorp performed financially?
Ans. Revenue rose from Rs 30,106 crore in FY22 to Rs 48,469 crore in FY26, a compound annual growth rate of 12.6%. Net profit grew from Rs 2,329 crore in FY22 to Rs 5,776 crore in FY26, which works out to a compound annual growth rate of 25.5%. In the June 2026 quarter, revenue grew 35.4% year on year to Rs 13,586 crore. The company has a return on equity of 26.6%, a debt to equity ratio of 0.04 and a market capitalisation of Rs 100,778 crore. The stock trades at a P/E of 18.4, below the industry P/E of 23.4. Looking ahead, the company is widening its premium motorcycle range, building an electric vehicle presence and growing its exports. Its large rural and semi-urban reach supports demand when household spending improves.
How has DCM Shriram performed financially?
Ans. Revenue rose from Rs 9,719 crore in FY22 to Rs 13,734 crore in FY26, a compound annual growth rate of 9.0%. Net profit grew from Rs 447 crore in FY24 to Rs 856 crore in FY26, which works out to a compound annual growth rate of 38.4%. The company has a return on equity of 16.3%, a debt to equity ratio of 0.24 and a market capitalisation of Rs 14,257 crore. The stock trades at a P/E of 10.3, below the industry P/E of 13.9. Looking ahead, the company is expanding its chemicals capacity and widening its range of agri inputs and value-added products. A mix of chemicals and agri businesses spreads its sources of revenue.
What risks should investors check before buying dessert, two wheeler and agri chemical stocks?
Ans. Investors should check a few risks before buying dessert, two wheeler and agri chemical 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 dessert, two wheeler and agri chemical stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 3 November 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.
