3 Utility Vehicle and Tractor Maker, Dairy Products Company and Agrochemicals Maker Stocks With a Strong Future Roadmap: Mahindra and Mahindra, Dodla Dairy and Sharda Cropchem
- October 30, 2026
- Posted by: Ankit Jaiswal
- Category: Best Stocks
Mahindra and Mahindra, Dodla Dairy and Sharda Cropchem: ROE of 15.9% to 21.7% and FY22 to FY26 revenue CAGR of 10.7% to 22.0%. Prices as of 29 Oct 2026.
Quick Answer
The three utility vehicle, dairy and agrochemical stocks to watch are Mahindra and Mahindra, Dodla Dairy and Sharda Cropchem. Their return on equity ranges from 15.9% to 21.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.7% to 22.0%. Sharda Cropchem has the highest return on equity at 21.7%, while Mahindra and Mahindra has the fastest revenue growth at 22.0% a year. Prices are based on the 29 October 2026 close, and this article is educational, not investment advice.
Utility vehicle, dairy and agrochemical stocks give investors a way to track businesses that sit close to everyday demand in India. Mahindra and Mahindra, Dodla Dairy and Sharda Cropchem cover a utility vehicle and tractor maker, a dairy products company and an agrochemicals maker.
This list covers three utility vehicle, dairy and agrochemical stocks with complete current figures: Mahindra and Mahindra, Dodla Dairy and Sharda Cropchem. Every figure comes from the latest reported financials and the 29 October 2026 market close. Companies without complete current figures were left out.
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What Are Utility Vehicle, Dairy and Agrochemical Stocks?
Utility vehicle, dairy and agrochemical stocks are listed companies that make utility vehicles and tractors, collect and sell milk and dairy products and supply crop protection chemicals to farmers. Their earnings depend on rural incomes, the monsoon and input costs.
Utility Vehicle, Dairy and Agrochemical Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Mahindra and Mahindra | 2,890 | 354,157 | 17.5 | 23.4 | 18.4 | 1.44 |
| Dodla Dairy | 965.7 | 6,064 | 24.8 | 33.9 | 15.9 | 0.03 |
| Sharda Cropchem | 682.3 | 6,314 | 10.1 | 23.3 | 21.7 | 0.00 |
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, dairy and agrochemical stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain. With the Q2 FY27 results season close, investors in utility vehicle, dairy and agrochemical stocks can use the coming numbers to test whether growth is holding.
Why Do Utility Vehicle, Dairy and Agrochemical Stocks Have a Strong Roadmap in India?
Utility vehicle, dairy and agrochemical stocks have a strong roadmap in India because rising farm incomes, better rains and wider use of branded food and crop inputs keep widening the market for these rural facing companies.
- Rural incomes. Farm earnings support vehicle and food spending.
- Dairy growth. Packaged milk and products gain share.
- Crop care. Farmers use more protection products.
Why Mahindra and Mahindra Features Among These Utility Vehicle, Dairy and Agrochemical Stocks
Among the utility vehicle, dairy and agrochemical 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.
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. 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%. 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.
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 Dodla Dairy Features Among These Utility Vehicle, Dairy and Agrochemical Stocks
Among the rural economy shares on this list, Dodla Dairy, based in Hyderabad, procures milk from farmers and sells milk and value-added products such as curd, ghee and ice creams across South and East India, with operations in Africa.
The company has a return on equity of 15.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 6,064 crore. The stock trades at a P/E of 24.8, below the industry P/E of 33.9.
Revenue rose from Rs 2,257 crore in FY22 to Rs 4,186 crore in FY26, a compound annual growth rate of 16.7%. Net profit grew from Rs 133 crore in FY22 to Rs 267 crore in FY26, which works out to a compound annual growth rate of 19.1%. In the June 2026 quarter, revenue grew 18.3% year on year to Rs 1,212 crore.
Roadmap: The company is growing its value-added products, widening its geographic coverage and adding procurement strength. Value-added dairy brings better margins than plain milk, and a bigger farmer base secures supply.
What to watch: Track milk procurement prices and the growth in value-added products.
Why Sharda Cropchem Features Among These Utility Vehicle, Dairy and Agrochemical Stocks
Among the three companies on this list, Sharda Cropchem is a Mumbai-based agrochemical company that registers and sells crop protection products in Europe, Latin America, North America and other regions, along with non-agro chemicals.
Revenue rose from Rs 3,609 crore in FY22 to Rs 5,410 crore in FY26, a compound annual growth rate of 10.7%. Net profit grew from Rs 349 crore in FY22 to Rs 681 crore in FY26, which works out to a compound annual growth rate of 18.2%.
In the June 2026 quarter, revenue grew 8.9% year on year to Rs 1,108 crore. The company has a return on equity of 21.7%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 6,314 crore. The stock trades at a P/E of 10.1, below the industry P/E of 23.3.
Roadmap: The company holds a large portfolio of product registrations in regulated markets, which is a barrier for new entrants. It sells through a lean, asset-light model, and carries no debt.
What to watch: Monitor the revenue mix of new registrations and the trend in global agrochemical prices.
Mahindra and Mahindra vs Dodla Dairy vs Sharda Cropchem on Key Financials
The table below sets the three utility vehicle, dairy and agrochemical 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% |
| Dodla Dairy | 2,257 | 4,186 | 16.7% | 267 | 6.4% |
| Sharda Cropchem | 3,609 | 5,410 | 10.7% | 681 | 12.6% |
Sharda Cropchem posts the highest return on equity in this group at 21.7%. 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, dairy and agrochemical stocks is to check each new quarterly result against the capacity plans the company described earlier.
The June 2026 quarter, the latest reported, gives a fresh read on momentum:
| Company | Q1 FY26 Revenue (Rs Cr) | Q1 FY27 Revenue (Rs Cr) | Year-on-Year Growth |
|---|---|---|---|
| Mahindra and Mahindra | 46,446 | 59,204 | 27.5% |
| Dodla Dairy | 1,024 | 1,212 | 18.3% |
| Sharda Cropchem | 1,017 | 1,108 | 8.9% |
Key Risks to Check Before Investing in Utility Vehicle, Dairy and Agrochemical Stocks
Every theme carries risks that deserve a check before any decision. For these utility vehicle, dairy and agrochemical stocks, the main points are: Long-term rural economy shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Monsoon and farm output. Crop and feed demand can vary with the season.
- 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, dairy and agrochemical stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Utility Vehicle, Dairy and Agrochemical Stocks
Utility vehicle, dairy and agrochemical stocks work best when investors track growth, valuation and return on equity side by side. Mahindra and Mahindra, Dodla Dairy and Sharda Cropchem each have a clear plan to grow. Based on the 29 October 2026 close, Mahindra and Mahindra trades at Rs 2,890, Dodla Dairy at Rs 965.7 and Sharda Cropchem at Rs 682.3. 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, dairy and agrochemical 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, dairy and agrochemical stocks?
Ans. Utility vehicle, dairy and agrochemical stocks are listed companies that make utility vehicles and tractors, collect and sell milk and dairy products and supply crop protection chemicals to farmers. Their earnings depend on rural incomes, the monsoon and input costs. This list looks at three of them, Mahindra and Mahindra, Dodla Dairy and Sharda Cropchem, using reported FY22 to FY26 financials and the 29 October 2026 closing prices.
Which utility vehicle, dairy and agrochemical stocks are covered in this list?
Ans. This list covers Mahindra and Mahindra, Dodla Dairy and Sharda Cropchem. Based on the 29 October 2026 close, Mahindra and Mahindra traded at Rs 2,890, Dodla Dairy at Rs 965.7 and Sharda Cropchem at Rs 682.3. Their return on equity ranges from 15.9% to 21.7%, and their revenue compound annual growth from FY22 to FY26 ranges from 10.7% to 22.0%.
Why do utility vehicle, dairy and agrochemical stocks have a strong future roadmap in India?
Ans. Utility vehicle, dairy and agrochemical stocks have a strong roadmap in India because rising farm incomes, better rains and wider use of branded food and crop inputs keep widening the market for these rural facing companies. The main drivers are as follows. Rural incomes. Farm earnings support vehicle and food spending. Dairy growth. Packaged milk and products gain share. Crop care. Farmers use more protection products. 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 Dodla Dairy performed financially?
Ans. Revenue rose from Rs 2,257 crore in FY22 to Rs 4,186 crore in FY26, a compound annual growth rate of 16.7%. Net profit grew from Rs 133 crore in FY22 to Rs 267 crore in FY26, which works out to a compound annual growth rate of 19.1%. In the June 2026 quarter, revenue grew 18.3% year on year to Rs 1,212 crore. The company has a return on equity of 15.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 6,064 crore. The stock trades at a P/E of 24.8, below the industry P/E of 33.9. Looking ahead, the company is growing its value-added products, widening its geographic coverage and adding procurement strength. Value-added dairy brings better margins than plain milk, and a bigger farmer base secures supply.
How has Sharda Cropchem performed financially?
Ans. Revenue rose from Rs 3,609 crore in FY22 to Rs 5,410 crore in FY26, a compound annual growth rate of 10.7%. Net profit grew from Rs 349 crore in FY22 to Rs 681 crore in FY26, which works out to a compound annual growth rate of 18.2%. In the June 2026 quarter, revenue grew 8.9% year on year to Rs 1,108 crore. The company has a return on equity of 21.7%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 6,314 crore. The stock trades at a P/E of 10.1, below the industry P/E of 23.3. Looking ahead, the company holds a large portfolio of product registrations in regulated markets, which is a barrier for new entrants. It sells through a lean, asset-light model, and carries no debt.
What risks should investors check before buying utility vehicle, dairy and agrochemical stocks?
Ans. Investors should check a few risks before buying utility vehicle, dairy and agrochemical stocks. Monsoon and farm output. Crop and feed demand can vary with the season. 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, dairy and agrochemical stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 29 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.
