3 Industrial Chemicals and Fertiliser Maker, Diversified Agribusiness and Value-Added Dairy Company Stocks With a Strong Future Roadmap: Deepak Fertilisers, Godrej Agrovet and Heritage Foods

Deepak Fertilisers, Godrej Agrovet and Heritage Foods: ROE of 10.1% to 23.3% and FY22 to FY26 revenue CAGR of 5.4% to 14.0%. Prices as of 23 Oct 2026.

Updated: 26 Oct 2026 • 11:45 am

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3 Industrial Chemicals and Fertiliser Maker, Diversified Agribusiness and Value-Added Dairy Company Stocks With a Strong Future Roadmap: Deepak Fertilisers, Godrej Agrovet and Heritage Foods

Quick Answer

The three fertiliser, animal feed and dairy stocks to watch are Deepak Fertilisers, Godrej Agrovet and Heritage Foods. Their return on equity ranges from 10.1% to 23.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.4% to 14.0%. Godrej Agrovet has the highest return on equity at 23.3%, while Heritage Foods has the fastest revenue growth at 14.0% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.

Fertiliser, animal feed and dairy stocks bring together companies with a visible plan for the years ahead. Deepak Fertilisers, Godrej Agrovet and Heritage Foods cover an industrial chemicals and fertiliser maker, a diversified agribusiness and a value-added dairy company.

This list covers three fertiliser, animal feed and dairy stocks with complete current figures: Deepak Fertilisers, Godrej Agrovet and Heritage Foods. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.

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Table of Contents

What Are Fertiliser, Animal Feed and Dairy Stocks?

Fertiliser, animal feed and dairy stocks are listed agri and chemicals companies that make crop nutrients, industrial chemicals, animal feed and dairy products. Their earnings depend on farm activity, industrial demand, milk volumes and input costs.

Fertiliser, Animal Feed and Dairy Stocks at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
Deepak Fertilisers	1,136.5	14,354	14.6	33.2	10.8	0.83
Godrej Agrovet	607.5	12,183	28.7	33.5	23.3	0.77
Heritage Foods	349.3	3,237	28.3	32.6	10.1	0.34

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 fertiliser, animal feed and dairy stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Fertiliser, Animal Feed and Dairy Stocks Have a Strong Roadmap in India?

Fertiliser, animal feed and dairy stocks have a strong roadmap in India because farm output goals, rising protein demand and a shift to packaged dairy keep widening the market for agri inputs and processed foods.

Farm inputs. Crop nutrients and feed support farm output.
Value-added dairy. Packaged milk products raise realisations.
Industrial chemicals. Mining and industry need key chemicals.

Why Deepak Fertilisers Features Among These Fertiliser, Animal Feed and Dairy Stocks

Among the fertiliser, animal feed and dairy stocks on this list, Deepak Fertilisers and Petrochemicals makes industrial chemicals such as ammonium nitrate and nitric acid for mining and industry, along with crop nutrients and fertilisers sold to farmers.

Revenue rose from Rs 7,707 crore in FY22 to Rs 11,609 crore in FY26, a compound annual growth rate of 10.8%. Net profit grew from Rs 468 crore in FY24 to Rs 739 crore in FY26, which works out to a compound annual growth rate of 25.7%.

In the June 2026 quarter, revenue grew 21.6% year on year to Rs 3,262 crore, while net profit rose 101.0% to Rs 490 crore. The company has a return on equity of 10.8%, a debt to equity ratio of 0.83 and a market capitalisation of Rs 14,354 crore. The stock trades at a P/E of 14.6, below the industry P/E of 33.2.

Roadmap: The company is expanding its chemical capacity for mining and industrial customers, which supports higher-value sales. Growing mining and infrastructure activity increases demand for its products.

What to watch: Follow mining demand, gas costs and progress on new chemical plants.

Why Godrej Agrovet Features Among These Fertiliser, Animal Feed and Dairy Stocks

Among the agribusiness 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 Heritage Foods Features Among These Fertiliser, Animal Feed and Dairy Stocks

Among the three companies on this list, Heritage Foods is a Hyderabad-based dairy company that sells milk, curd, paneer, ghee and other value-added products under the Heritage brand, and it also runs a retail business.

The company has a return on equity of 10.1%, a debt to equity ratio of 0.34 and a market capitalisation of Rs 3,237 crore. The stock trades at a P/E of 28.3, below the industry P/E of 32.6.

Revenue rose from Rs 2,693 crore in FY22 to Rs 4,550 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 96.5 crore in FY22 to Rs 150 crore in FY26, which works out to a compound annual growth rate of 11.7%.

Roadmap: The company is expanding its value-added dairy range and widening its reach in newer states. A strong procurement network with farmers supports steady supply.

What to watch: Follow milk procurement costs, growth in value-added products and expansion into new regions.

Deepak Fertilisers vs Godrej Agrovet vs Heritage Foods on Key Financials

The table below sets the three fertiliser, animal feed and dairy 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
Deepak Fertilisers	7,707	11,609	10.8%	739	6.4%
Godrej Agrovet	8,386	10,339	5.4%	445	4.3%
Heritage Foods	2,693	4,550	14.0%	150	3.3%

Godrej Agrovet posts the highest return on equity in this group at 23.3%. Deepak Fertilisers has the largest FY26 revenue at Rs 11,609 crore, and Heritage Foods shows the fastest revenue growth with a 14.0% compound annual rate.

Key Risks to Check Before Investing in Fertiliser, Animal Feed and Dairy Stocks

Every theme carries risks that deserve a check before any decision. For these fertiliser, animal feed and dairy stocks, the main points are:

Monsoon. Weather can change farm demand.
Input costs. Gas, grain and milk prices influence margins.
Policy. Subsidy and trade rules can change earnings.

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 fertiliser, animal feed and dairy stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Fertiliser, Animal Feed and Dairy Stocks

Fertiliser, animal feed and dairy stocks suit investors who prefer to study business strength before price moves. Deepak Fertilisers, Godrej Agrovet and Heritage Foods each have a clear plan to grow. Based on the 23 October 2026 close, Deepak Fertilisers trades at Rs 1,136.5, Godrej Agrovet at Rs 607.5 and Heritage Foods at Rs 349.3.

Download the Univest iOS App or Univest Android App to track fertiliser, animal feed and dairy 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 fertiliser, animal feed and dairy stocks?

Ans. Fertiliser, animal feed and dairy stocks are listed agri and chemicals companies that make crop nutrients, industrial chemicals, animal feed and dairy products. Their earnings depend on farm activity, industrial demand, milk volumes and input costs. This list looks at three of them, Deepak Fertilisers, Godrej Agrovet and Heritage Foods, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.

Which fertiliser, animal feed and dairy stocks are covered in this list?

Ans. This list covers Deepak Fertilisers, Godrej Agrovet and Heritage Foods. Based on the 23 October 2026 close, Deepak Fertilisers traded at Rs 1,136.5, Godrej Agrovet at Rs 607.5 and Heritage Foods at Rs 349.3. Their return on equity ranges from 10.1% to 23.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.4% to 14.0%.

Why do fertiliser, animal feed and dairy stocks have a strong future roadmap in India?

Ans. Fertiliser, animal feed and dairy stocks have a strong roadmap in India because farm output goals, rising protein demand and a shift to packaged dairy keep widening the market for agri inputs and processed foods. The main drivers are as follows. Farm inputs. Crop nutrients and feed support farm output. Value-added dairy. Packaged milk products raise realisations. Industrial chemicals. Mining and industry need key chemicals. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Deepak Fertilisers performed financially?

Ans. Revenue rose from Rs 7,707 crore in FY22 to Rs 11,609 crore in FY26, a compound annual growth rate of 10.8%. Net profit grew from Rs 468 crore in FY24 to Rs 739 crore in FY26, which works out to a compound annual growth rate of 25.7%. In the June 2026 quarter, revenue grew 21.6% year on year to Rs 3,262 crore, while net profit rose 101.0% to Rs 490 crore. The company has a return on equity of 10.8%, a debt to equity ratio of 0.83 and a market capitalisation of Rs 14,354 crore. The stock trades at a P/E of 14.6, below the industry P/E of 33.2. Looking ahead, the company is expanding its chemical capacity for mining and industrial customers, which supports higher-value sales. Growing mining and infrastructure activity increases demand for its products.

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 Heritage Foods performed financially?

Ans. Revenue rose from Rs 2,693 crore in FY22 to Rs 4,550 crore in FY26, a compound annual growth rate of 14.0%. Net profit grew from Rs 96.5 crore in FY22 to Rs 150 crore in FY26, which works out to a compound annual growth rate of 11.7%. The company has a return on equity of 10.1%, a debt to equity ratio of 0.34 and a market capitalisation of Rs 3,237 crore. The stock trades at a P/E of 28.3, below the industry P/E of 32.6. Looking ahead, the company is expanding its value-added dairy range and widening its reach in newer states. A strong procurement network with farmers supports steady supply.

What risks should investors check before buying fertiliser, animal feed and dairy stocks?

Ans. Investors should check a few risks before buying fertiliser, animal feed and dairy stocks. Monsoon. Weather can change farm demand. Input costs. Gas, grain and milk prices influence margins. Policy. Subsidy and trade rules can change earnings. 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 fertiliser, animal feed and dairy stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 23 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.