
3 Carbon Materials, Diversified Chemicals and Crop Nutrients Stocks With a Strong Future Roadmap: Himadri Speciality Chemical, Atul and Coromandel International
Himadri Speciality Chemical, Atul and Coromandel International: ROE of 10.9% to 16.6% and FY22 to FY26 revenue CAGR of 5.9% to 14.6%. Prices as of 21 Oct 2026.
Updated: 22 Oct 2026 • 12:12 pm
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Quick Answer
The three chemical and crop nutrient stocks to watch are Himadri Speciality Chemical, Atul and Coromandel International. Their return on equity ranges from 10.9% to 16.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.9% to 14.6%. Himadri Speciality Chemical leads on both return on equity at 16.6% and revenue growth at 14.6% a year. Prices are based on the 21 October 2026 close, and this article is educational, not investment advice.
Chemical and crop nutrient stocks let investors follow the companies that supply materials to industry and inputs to farms. Himadri Speciality Chemical, Atul and Coromandel International cover carbon materials, diversified chemicals and phosphate fertilisers and crop protection.
This list covers three chemical and crop nutrient stocks with complete current figures: Himadri Speciality Chemical, Atul and Coromandel International. Every figure comes from the latest reported financials and the 21 October 2026 market close. Companies without complete current figures were left out.
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What Are Chemical and Crop Nutrient Stocks?
Chemical and crop nutrient stocks are listed companies that make speciality chemicals, carbon materials, fertilisers and crop protection products. Their earnings depend on volumes, product mix and input costs.
Chemical and Crop Nutrient Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Himadri Speciality Chemical | 539.25 | 30,567 | 35.6 | 35.1 | 16.6 | 0.23 |
| Atul | 6,022.5 | 17,898 | 22.1 | 35.1 | 10.9 | 0.03 |
| Coromandel International | 1,791.7 | 52,246 | 29.4 | 21.2 | 15.6 | 0.12 |
On valuation, Atul trades at a P/E below the industry P/E, while Himadri Speciality Chemical and Coromandel International trade above it, which reflects the growth the market already expects. Readers comparing chemical and crop nutrient stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Chemical and Crop Nutrient Stocks Have a Strong Roadmap in India?
Chemical and crop nutrient stocks have a strong roadmap in India because industrial demand, farm productivity needs and a shift of global chemical supply towards India are widening the market.
- Industrial demand. Rubber, steel and pharma users need reliable chemical supply.
- Farm productivity. Farmers use more nutrients and crop protection to lift yields.
- Higher-value products. A move into speciality grades supports better margins.
Why Himadri Speciality Chemical Features Among These Chemical and Crop Nutrient Stocks
Among the chemical and crop nutrient stocks on this list, Himadri Speciality Chemical is a Kolkata-based maker of speciality carbon black, coal tar pitch and other carbon materials, and it is developing advanced carbon materials for battery uses.
Revenue rose from Rs 2,799 crore in FY22 to Rs 4,832 crore in FY26, a compound annual growth rate of 14.6%. Net profit grew from Rs 216 crore in FY23 to Rs 755 crore in FY26, which works out to a compound annual growth rate of 51.8%.
The company has a return on equity of 16.6%, a debt to equity ratio of 0.23 and a market capitalisation of Rs 30,567 crore. The stock trades at a P/E of 35.6, above the industry P/E of 35.1.
Roadmap: The company supplies materials to the rubber, aluminium, steel and chemical industries, and it has been moving towards higher-value speciality products. Its battery materials programme gives it a longer-term growth option.
What to watch: Follow volumes in speciality carbon black and progress on advanced battery materials.
Why Atul Features Among These Chemical and Crop Nutrient Stocks
Among the carbon and aromatic chemical shares on this list, Atul is a Gujarat-based chemical company with life science chemicals for crop protection and pharmaceuticals, and performance and other chemicals that include aromatics, colours and polymers.
The company has a return on equity of 10.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 17,898 crore. The stock trades at a P/E of 22.1, below the industry P/E of 35.1.
Revenue rose from Rs 5,157 crore in FY22 to Rs 6,476 crore in FY26, a compound annual growth rate of 5.9%. Net profit grew from Rs 507 crore in FY23 to Rs 689 crore in FY26, which works out to a compound annual growth rate of 10.8%. In the June 2026 quarter, revenue grew 25.1% year on year to Rs 1,881 crore, while net profit rose 91.8% to Rs 254 crore.
Roadmap: The company supplies many industries from a single integrated site and has been adding capacity in higher-value chemicals. A broad product basket across agriculture, pharma and consumer uses spreads demand.
What to watch: Check capacity additions and demand in agrochemical and pharmaceutical intermediates.
Why Coromandel International Features Among These Chemical and Crop Nutrient Stocks
Among the three companies on this list, Coromandel International is one of India's leading agri-input companies, with a business built on phosphatic fertilisers, crop protection chemicals, specialty nutrients and retail outlets for farmers.
Revenue rose from Rs 19,255 crore in FY22 to Rs 31,827 crore in FY26, a compound annual growth rate of 13.4%. Net profit grew from Rs 1,528 crore in FY22 to Rs 1,898 crore in FY26, which works out to a compound annual growth rate of 5.6%.
In the June 2026 quarter, revenue grew 15.3% year on year to Rs 8,215 crore. The company has a return on equity of 15.6%, a debt to equity ratio of 0.12 and a market capitalisation of Rs 52,246 crore. The stock trades at a P/E of 29.4, above the industry P/E of 21.2.
Roadmap: The company operates a wide retail network and has strengthened its crop protection business with acquisitions and in-house manufacturing. Its nutrient and specialty product lines add to a broad farm input offer.
What to watch: Check the monsoon progress and the mix of fertiliser and crop protection sales.
Himadri Speciality Chemical vs Atul vs Coromandel International on Key Financials
The table below sets the three chemical and crop nutrient 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 |
|---|---|---|---|---|---|
| Himadri Speciality Chemical | 2,799 | 4,832 | 14.6% | 755 | 15.6% |
| Atul | 5,157 | 6,476 | 5.9% | 689 | 10.6% |
| Coromandel International | 19,255 | 31,827 | 13.4% | 1,898 | 6.0% |
Himadri Speciality Chemical posts the highest return on equity in this group at 16.6%. Coromandel International has the largest FY26 revenue at Rs 31,827 crore, and Himadri Speciality Chemical shows the fastest revenue growth with a 14.6% compound annual rate. A useful habit with chemical and crop nutrient stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Chemical and Crop Nutrient Stocks
Every theme carries risks that deserve a check before any decision. For these chemical and crop nutrient stocks, the main points are:
- Input costs. Raw material and gas prices can affect margins.
- Weather and policy. Monsoon patterns and subsidy rules can shift farm demand.
- 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 chemical and crop nutrient stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Chemical and Crop Nutrient Stocks
Chemical and crop nutrient stocks reward investors who follow volumes, product mix and input costs together. Himadri Speciality Chemical, Atul and Coromandel International each reach a different set of customers. Based on the 21 October 2026 close, Himadri Speciality Chemical trades at Rs 539.25, Atul at Rs 6,022.5 and Coromandel International at Rs 1,791.7.
Download the Univest iOS App or Univest Android App to track chemical and crop nutrient stocks, set price alerts and get research-backed stock ideas.
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 chemical and crop nutrient stocks?
Ans. Chemical and crop nutrient stocks are listed companies that make speciality chemicals, carbon materials, fertilisers and crop protection products. Their earnings depend on volumes, product mix and input costs. This list looks at three of them, Himadri Speciality Chemical, Atul and Coromandel International, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.
Which chemical and crop nutrient stocks are covered in this list?
Ans. This list covers Himadri Speciality Chemical, Atul and Coromandel International. Based on the 21 October 2026 close, Himadri Speciality Chemical traded at Rs 539.25, Atul at Rs 6,022.5 and Coromandel International at Rs 1,791.7. Their return on equity ranges from 10.9% to 16.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.9% to 14.6%.
Why do chemical and crop nutrient stocks have a strong future roadmap in India?
Ans. Chemical and crop nutrient stocks have a strong roadmap in India because industrial demand, farm productivity needs and a shift of global chemical supply towards India are widening the market. The main drivers are as follows. Industrial demand. Rubber, steel and pharma users need reliable chemical supply. Farm productivity. Farmers use more nutrients and crop protection to lift yields. Higher-value products. A move into speciality grades supports better margins. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Himadri Speciality Chemical performed financially?
Ans. Revenue rose from Rs 2,799 crore in FY22 to Rs 4,832 crore in FY26, a compound annual growth rate of 14.6%. Net profit grew from Rs 216 crore in FY23 to Rs 755 crore in FY26, which works out to a compound annual growth rate of 51.8%. The company has a return on equity of 16.6%, a debt to equity ratio of 0.23 and a market capitalisation of Rs 30,567 crore. The stock trades at a P/E of 35.6, above the industry P/E of 35.1. Looking ahead, the company supplies materials to the rubber, aluminium, steel and chemical industries, and it has been moving towards higher-value speciality products. Its battery materials programme gives it a longer-term growth option.
How has Atul performed financially?
Ans. Revenue rose from Rs 5,157 crore in FY22 to Rs 6,476 crore in FY26, a compound annual growth rate of 5.9%. Net profit grew from Rs 507 crore in FY23 to Rs 689 crore in FY26, which works out to a compound annual growth rate of 10.8%. In the June 2026 quarter, revenue grew 25.1% year on year to Rs 1,881 crore, while net profit rose 91.8% to Rs 254 crore. The company has a return on equity of 10.9%, a debt to equity ratio of 0.03 and a market capitalisation of Rs 17,898 crore. The stock trades at a P/E of 22.1, below the industry P/E of 35.1. Looking ahead, the company supplies many industries from a single integrated site and has been adding capacity in higher-value chemicals. A broad product basket across agriculture, pharma and consumer uses spreads demand.
How has Coromandel International performed financially?
Ans. Revenue rose from Rs 19,255 crore in FY22 to Rs 31,827 crore in FY26, a compound annual growth rate of 13.4%. Net profit grew from Rs 1,528 crore in FY22 to Rs 1,898 crore in FY26, which works out to a compound annual growth rate of 5.6%. In the June 2026 quarter, revenue grew 15.3% year on year to Rs 8,215 crore. The company has a return on equity of 15.6%, a debt to equity ratio of 0.12 and a market capitalisation of Rs 52,246 crore. The stock trades at a P/E of 29.4, above the industry P/E of 21.2. Looking ahead, the company operates a wide retail network and has strengthened its crop protection business with acquisitions and in-house manufacturing. Its nutrient and specialty product lines add to a broad farm input offer.
What risks should investors check before buying chemical and crop nutrient stocks?
Ans. Investors should check a few risks before buying chemical and crop nutrient stocks. Input costs. Raw material and gas prices can affect margins. Weather and policy. Monsoon patterns and subsidy rules can shift farm demand. 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 chemical and crop nutrient stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 21 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.
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