3 Phosphatic Fertiliser Maker, Diversified Agribusiness and Crop Protection Innovator Stocks With a Strong Future Roadmap: Paradeep Phosphates, Godrej Agrovet and PI Industries
- October 23, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Paradeep Phosphates, Godrej Agrovet and PI Industries: ROE of 11.8% to 23.3% and FY22 to FY26 revenue CAGR of 5.4% to 29.1%. Prices as of 22 Oct 2026.
Quick Answer
The three phosphatic fertiliser and agribusiness stocks to watch are Paradeep Phosphates, Godrej Agrovet and PI Industries. Their return on equity ranges from 11.8% to 23.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.4% to 29.1%. Godrej Agrovet has the highest return on equity at 23.3%, while Paradeep Phosphates has the fastest revenue growth at 29.1% a year. Prices are based on the 22 October 2026 close, and this article is educational, not investment advice.
Phosphatic fertiliser and agribusiness stocks let investors follow companies that serve Indian farmers from soil to harvest. Paradeep Phosphates, Godrej Agrovet and PI Industries cover a phosphatic fertiliser maker, a diversified agribusiness and a crop protection and custom synthesis innovator.
This list covers three phosphatic fertiliser and agribusiness stocks with complete current figures: Paradeep Phosphates, Godrej Agrovet and PI Industries. Every figure comes from the latest reported financials and the 22 October 2026 market close. Companies without complete current figures were left out.
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What Are Phosphatic Fertiliser and Agribusiness Stocks?
Phosphatic fertiliser and agribusiness stocks are listed companies that make fertilisers, animal feed and crop protection products. Their earnings depend on farm demand, monsoon, input prices and product mix.
Phosphatic Fertiliser and Agribusiness Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Paradeep Phosphates | 140.41 | 15,007 | 14.0 | 21.2 | 14.7 | 1.02 |
| Godrej Agrovet | 633 | 12,183 | 28.7 | 33.5 | 23.3 | 0.77 |
| PI Industries | 2,074.9 | 33,166 | 28.5 | 23.3 | 11.8 | 0.03 |
On valuation, Paradeep Phosphates and Godrej Agrovet trade at a P/E below the industry P/E, while PI Industries trades above it, which reflects the growth the market already expects. Readers comparing phosphatic fertiliser and agribusiness stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Phosphatic Fertiliser and Agribusiness Stocks Have a Strong Roadmap in India?
Phosphatic fertiliser and agribusiness stocks have a strong roadmap in India because food demand keeps rising and farmers are adopting better crop inputs and feed to raise yields.
- Farm demand. Fertilisers and crop protection support yields in a large agricultural market.
- Diversified revenue. Feed, dairy and oil palm spread earnings.
- Custom synthesis. Global innovators outsource complex molecules to Indian makers.
Why Paradeep Phosphates Features Among These Phosphatic Fertiliser and Agribusiness Stocks
Among the phosphatic fertiliser and agribusiness stocks on this list, Paradeep Phosphates makes phosphatic fertilisers such as DAP and NPK grades from its plant in Odisha, serving farmers across eastern and central India.
Revenue rose from Rs 7,898 crore in FY22 to Rs 21,973 crore in FY26, a compound annual growth rate of 29.1%. Net profit grew from Rs 398 crore in FY22 to Rs 996 crore in FY26, which works out to a compound annual growth rate of 25.8%.
In the June 2026 quarter, revenue grew 35.4% year on year to Rs 6,146 crore, while net profit rose 23.9% to Rs 393 crore. The company has a return on equity of 14.7%, a debt to equity ratio of 1.02 and a market capitalisation of Rs 15,007 crore. The stock trades at a P/E of 14.0, below the industry P/E of 21.2.
Roadmap: The company has expanded capacity and is working to increase volumes of complex fertilisers across its network. Its coastal location supports imports of raw material, and expansion plans support future volumes.
What to watch: Watch raw material prices, subsidy policy and the volume of new capacity coming on stream.
Why Godrej Agrovet Features Among These Phosphatic Fertiliser and Agribusiness Stocks
Among the fertiliser and feed company shares on this list, Godrej Agrovet is a diversified agribusiness company with operations in animal feed, crop protection, oil palm, dairy and poultry products. It serves farmers across India.
In the June 2026 quarter, revenue grew 9.3% year on year to Rs 2,870 crore. Revenue rose from Rs 8,386 crore in FY22 to Rs 10,339 crore in FY26, a compound annual growth rate of 5.4%.
Net profit grew from Rs 295 crore in FY23 to Rs 445 crore in FY26, which works out to a compound annual growth rate of 14.7%. The company has a return on equity of 23.3%, a debt to equity ratio of 0.77 and a market capitalisation of Rs 12,183 crore. The stock trades at a P/E of 28.7, below the industry P/E of 33.5.
Roadmap: The company is expanding its crop protection range and oil palm plantations while its dairy and branded food businesses add consumer-facing growth. Deep farmer relationships support product adoption.
What to watch: Track volumes in animal feed, crop protection sales and progress in oil palm.
Why PI Industries Features Among These Phosphatic Fertiliser and Agribusiness 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.
Paradeep Phosphates vs Godrej Agrovet vs PI Industries on Key Financials
The table below sets the three phosphatic fertiliser and agribusiness 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 |
|---|---|---|---|---|---|
| Paradeep Phosphates | 7,898 | 21,973 | 29.1% | 996 | 4.5% |
| Godrej Agrovet | 8,386 | 10,339 | 5.4% | 445 | 4.3% |
| PI Industries | 5,401 | 7,024 | 6.8% | 1,321 | 18.8% |
Godrej Agrovet posts the highest return on equity in this group at 23.3%. Paradeep Phosphates combines the largest FY26 revenue at Rs 21,973 crore with the fastest revenue growth, a 29.1% compound annual rate.
Key Risks to Check Before Investing in Phosphatic Fertiliser and Agribusiness Stocks
Every theme carries risks that deserve a check before any decision. For these phosphatic fertiliser and agribusiness stocks, the main points are:
- Monsoon and weather. Farm demand can vary with rainfall.
- Input costs. Raw material and gas prices influence margins.
- Policy changes. Subsidy rules can shift.
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 phosphatic fertiliser and agribusiness stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Phosphatic Fertiliser and Agribusiness Stocks
Phosphatic fertiliser and agribusiness stocks reward investors who follow farm demand, input costs and product mix together. Paradeep Phosphates, Godrej Agrovet and PI Industries each serve a core farm need. Based on the 22 October 2026 close, Paradeep Phosphates trades at Rs 140.41, Godrej Agrovet at Rs 633 and PI Industries at Rs 2,074.9.
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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 phosphatic fertiliser and agribusiness stocks?
Ans. Phosphatic fertiliser and agribusiness stocks are listed companies that make fertilisers, animal feed and crop protection products. Their earnings depend on farm demand, monsoon, input prices and product mix. This list looks at three of them, Paradeep Phosphates, Godrej Agrovet and PI Industries, using reported FY22 to FY26 financials and the 22 October 2026 closing prices.
Which phosphatic fertiliser and agribusiness stocks are covered in this list?
Ans. This list covers Paradeep Phosphates, Godrej Agrovet and PI Industries. Based on the 22 October 2026 close, Paradeep Phosphates traded at Rs 140.41, Godrej Agrovet at Rs 633 and PI Industries at Rs 2,074.9. Their return on equity ranges from 11.8% to 23.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.4% to 29.1%.
Why do phosphatic fertiliser and agribusiness stocks have a strong future roadmap in India?
Ans. Phosphatic fertiliser and agribusiness stocks have a strong roadmap in India because food demand keeps rising and farmers are adopting better crop inputs and feed to raise yields. The main drivers are as follows. Farm demand. Fertilisers and crop protection support yields in a large agricultural market. Diversified revenue. Feed, dairy and oil palm spread earnings. Custom synthesis. Global innovators outsource complex molecules to Indian makers. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Paradeep Phosphates performed financially?
Ans. Revenue rose from Rs 7,898 crore in FY22 to Rs 21,973 crore in FY26, a compound annual growth rate of 29.1%. Net profit grew from Rs 398 crore in FY22 to Rs 996 crore in FY26, which works out to a compound annual growth rate of 25.8%. In the June 2026 quarter, revenue grew 35.4% year on year to Rs 6,146 crore, while net profit rose 23.9% to Rs 393 crore. The company has a return on equity of 14.7%, a debt to equity ratio of 1.02 and a market capitalisation of Rs 15,007 crore. The stock trades at a P/E of 14.0, below the industry P/E of 21.2. Looking ahead, the company has expanded capacity and is working to increase volumes of complex fertilisers across its network. Its coastal location supports imports of raw material, and expansion plans support future volumes.
How has Godrej Agrovet performed financially?
Ans. Revenue rose from Rs 8,386 crore in FY22 to Rs 10,339 crore in FY26, a compound annual growth rate of 5.4%. Net profit grew from Rs 295 crore in FY23 to Rs 445 crore in FY26, which works out to a compound annual growth rate of 14.7%. In the June 2026 quarter, revenue grew 9.3% year on year to Rs 2,870 crore. The company has a return on equity of 23.3%, a debt to equity ratio of 0.77 and a market capitalisation of Rs 12,183 crore. The stock trades at a P/E of 28.7, below the industry P/E of 33.5. Looking ahead, the company is expanding its crop protection range and oil palm plantations while its dairy and branded food businesses add consumer-facing growth. Deep farmer relationships support product adoption.
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 phosphatic fertiliser and agribusiness stocks?
Ans. Investors should check a few risks before buying phosphatic fertiliser and agribusiness stocks. Monsoon and weather. Farm demand can vary with rainfall. Input costs. Raw material and gas prices influence margins. Policy changes. Subsidy rules can shift. 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 phosphatic fertiliser and agribusiness stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 22 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.
