3 Utility Vehicle and Tractor Leader, Diversified Agribusiness and Crop Protection Company Stocks With a Strong Future Roadmap: Mahindra and Mahindra, Godrej Agrovet and Insecticides India
- October 29, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Mahindra and Mahindra, Godrej Agrovet and Insecticides India: ROE of 11.4% to 23.3% and FY22 to FY26 revenue CAGR of 5.4% to 22.0%. Prices as of 28 Oct 2026.
Quick Answer
The three utility vehicle, agri and crop care stocks to watch are Mahindra and Mahindra, Godrej Agrovet and Insecticides India. Their return on equity ranges from 11.4% to 23.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.4% to 22.0%. Godrej Agrovet has the highest return on equity at 23.3%, while Mahindra and Mahindra has the fastest revenue growth at 22.0% a year. Prices are based on the 28 October 2026 close, and this article is educational, not investment advice.
Utility vehicle, agri and crop care stocks give investors a way to track businesses that sit close to everyday demand in India. Mahindra and Mahindra, Godrej Agrovet and Insecticides India cover a utility vehicle and tractor leader, a diversified agribusiness and a crop protection company.
This list covers three utility vehicle, agri and crop care stocks with complete current figures: Mahindra and Mahindra, Godrej Agrovet and Insecticides India. Every figure comes from the latest reported financials and the 28 October 2026 market close. Companies without complete current figures were left out.
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What Are Utility Vehicle, Agri and Crop Care Stocks?
Utility vehicle, agri and crop care stocks are listed companies that make utility vehicles, tractors and commercial vehicles, run animal feed, crop protection, oil palm, dairy and poultry businesses and sell insecticides, herbicides and fungicides through dealers. Their earnings depend on farm incomes, vehicle demand and the monsoon.
Utility Vehicle, Agri and Crop Care Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Mahindra and Mahindra | 2,869.9 | 354,157 | 17.5 | 23.4 | 18.4 | 1.44 |
| Godrej Agrovet | 579.45 | 12,183 | 28.7 | 33.5 | 23.3 | 0.77 |
| Insecticides India | 519.05 | 1,507 | 12.0 | 21.9 | 11.4 | 0.13 |
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 utility vehicle, agri and crop care stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Utility Vehicle, Agri and Crop Care Stocks Have a Strong Roadmap in India?
Utility vehicle, agri and crop care stocks have a strong roadmap in India because steady farm incomes, wider mechanisation and rising demand for feed, dairy and crop inputs keep widening the market for these agri linked companies.
- Farm incomes. Healthy crop earnings support buying.
- Value chain reach. Feed, dairy and crop inputs serve one customer base.
- Dealer network. A wide network supports repeat farm sales.
Why Mahindra and Mahindra Features Among These Utility Vehicle, Agri and Crop Care Stocks
Among the utility vehicle, agri and crop care stocks on this list, Mahindra and Mahindra is a leading maker of utility vehicles, tractors and commercial vehicles in India, and it also has businesses in farm services, logistics and renewable energy.
The company has a return on equity of 18.4%, a debt to equity ratio of 1.44 and a market capitalisation of Rs 354,157 crore. The stock trades at a P/E of 17.5, below the industry P/E of 23.4.
Revenue rose from Rs 91,105 crore in FY22 to Rs 202,084 crore in FY26, a compound annual growth rate of 22.0%. Net profit grew from Rs 7,253 crore in FY22 to Rs 18,622 crore in FY26, which works out to a compound annual growth rate of 26.6%. In the June 2026 quarter, revenue grew 27.5% year on year to Rs 59,204 crore, while net profit rose 37.0% to Rs 5,998 crore.
Roadmap: The company is launching new utility and electric vehicle platforms while its tractor business benefits from farm mechanisation. A strong brand in rural and semi-urban India supports volumes.
What to watch: Track utility vehicle bookings, tractor demand and progress on new electric platforms.
Why Godrej Agrovet Features Among These Utility Vehicle, Agri and Crop Care Stocks
Among the agriculture linked 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.
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.
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 Insecticides India Features Among These Utility Vehicle, Agri and Crop Care Stocks
Among the three companies on this list, Insecticides India is a Delhi-based crop protection company that makes and sells insecticides, herbicides and fungicides to farmers through a wide network of dealers and distributors.
Revenue rose from Rs 1,508 crore in FY22 to Rs 2,152 crore in FY26, a compound annual growth rate of 9.3%. Net profit grew from Rs 107 crore in FY22 to Rs 139 crore in FY26, which works out to a compound annual growth rate of 6.7%.
The company has a return on equity of 11.4%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 1,507 crore. The stock trades at a P/E of 12.0, below the industry P/E of 21.9.
Roadmap: The company is launching new formulations and growing its own brands, which supports better margins. Rising demand for crop protection from Indian farmers supports steady volumes.
What to watch: Follow monsoon trends, new product launches and technical raw material costs.
Mahindra and Mahindra vs Godrej Agrovet vs Insecticides India on Key Financials
The table below sets the three utility vehicle, agri and crop care 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 |
|---|---|---|---|---|---|
| Mahindra and Mahindra | 91,105 | 202,084 | 22.0% | 18,622 | 9.2% |
| Godrej Agrovet | 8,386 | 10,339 | 5.4% | 445 | 4.3% |
| Insecticides India | 1,508 | 2,152 | 9.3% | 139 | 6.5% |
Godrej Agrovet posts the highest return on equity in this group at 23.3%. Mahindra and Mahindra combines the largest FY26 revenue at Rs 202,084 crore with the fastest revenue growth, a 22.0% compound annual rate. A useful habit with utility vehicle, agri and crop care stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Utility Vehicle, Agri and Crop Care Stocks
Every theme carries risks that deserve a check before any decision. For these utility vehicle, agri and crop care stocks, the main points are: Long-term agriculture linked shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Farm cycles. Tractor and crop input demand follows the monsoon and farm incomes.
- Season and monsoon. Crop protection sales follow rain and pest cycles.
- 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 utility vehicle, agri and crop care stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Utility Vehicle, Agri and Crop Care Stocks
Utility vehicle, agri and crop care stocks work best when investors track growth, valuation and return on equity side by side. Mahindra and Mahindra, Godrej Agrovet and Insecticides India each have a clear plan to grow. Based on the 28 October 2026 close, Mahindra and Mahindra trades at Rs 2,869.9, Godrej Agrovet at Rs 579.45 and Insecticides India at Rs 519.05. Valuation matters as much as growth, so compare each company’s P/E with its industry P/E before adding any of these utility vehicle, agri and crop care 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 utility vehicle, agri and crop care stocks?
Ans. Utility vehicle, agri and crop care stocks are listed companies that make utility vehicles, tractors and commercial vehicles, run animal feed, crop protection, oil palm, dairy and poultry businesses and sell insecticides, herbicides and fungicides through dealers. Their earnings depend on farm incomes, vehicle demand and the monsoon. This list looks at three of them, Mahindra and Mahindra, Godrej Agrovet and Insecticides India, using reported FY22 to FY26 financials and the 28 October 2026 closing prices.
Which utility vehicle, agri and crop care stocks are covered in this list?
Ans. This list covers Mahindra and Mahindra, Godrej Agrovet and Insecticides India. Based on the 28 October 2026 close, Mahindra and Mahindra traded at Rs 2,869.9, Godrej Agrovet at Rs 579.45 and Insecticides India at Rs 519.05. Their return on equity ranges from 11.4% to 23.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.4% to 22.0%.
Why do utility vehicle, agri and crop care stocks have a strong future roadmap in India?
Ans. Utility vehicle, agri and crop care stocks have a strong roadmap in India because steady farm incomes, wider mechanisation and rising demand for feed, dairy and crop inputs keep widening the market for these agri linked companies. The main drivers are as follows. Farm incomes. Healthy crop earnings support buying. Value chain reach. Feed, dairy and crop inputs serve one customer base. Dealer network. A wide network supports repeat farm sales. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Mahindra and Mahindra performed financially?
Ans. Revenue rose from Rs 91,105 crore in FY22 to Rs 202,084 crore in FY26, a compound annual growth rate of 22.0%. Net profit grew from Rs 7,253 crore in FY22 to Rs 18,622 crore in FY26, which works out to a compound annual growth rate of 26.6%. In the June 2026 quarter, revenue grew 27.5% year on year to Rs 59,204 crore, while net profit rose 37.0% to Rs 5,998 crore. The company has a return on equity of 18.4%, a debt to equity ratio of 1.44 and a market capitalisation of Rs 354,157 crore. The stock trades at a P/E of 17.5, below the industry P/E of 23.4. Looking ahead, the company is launching new utility and electric vehicle platforms while its tractor business benefits from farm mechanisation. A strong brand in rural and semi-urban India supports 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 Insecticides India performed financially?
Ans. Revenue rose from Rs 1,508 crore in FY22 to Rs 2,152 crore in FY26, a compound annual growth rate of 9.3%. Net profit grew from Rs 107 crore in FY22 to Rs 139 crore in FY26, which works out to a compound annual growth rate of 6.7%. The company has a return on equity of 11.4%, a debt to equity ratio of 0.13 and a market capitalisation of Rs 1,507 crore. The stock trades at a P/E of 12.0, below the industry P/E of 21.9. Looking ahead, the company is launching new formulations and growing its own brands, which supports better margins. Rising demand for crop protection from Indian farmers supports steady volumes.
What risks should investors check before buying utility vehicle, agri and crop care stocks?
Ans. Investors should check a few risks before buying utility vehicle, agri and crop care stocks. Farm cycles. Tractor and crop input demand follows the monsoon and farm incomes. Season and monsoon. Crop protection sales follow rain and pest cycles. 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 utility vehicle, agri and crop care stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 28 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.
