Top 10 Agriculture Stocks in India 2024

India agriculture sector is the backbone of country economy, it contribute 15% to India's GDP.  Agriculture sectors provides employment to 55% of workforce of the country. Investing in agriculture sector stocks in India can give growth opportunities on long term. In this blog we are going to analyse the top agriculture stocks in India.

 

The government of India is committed to uphold farmer centric policies in the field of agriculture to add value in this sector and boost the income of the farmers with increased productivity. In Union budget 2024-25 the Indian government allocate ₹1,51,851 crores for agriculture sector.

 

 

Overview of the Indian Agriculture Industry

According to a report by INC42, the valuation of Indian agriculture is expected to breach USD 24 billion by the year 2025. The food and grocery market of India is the world’s sixth-largest with approximately 70% of its sale coming via retail contribution. 

 

India is also the second-largest producer of necessary food items such as fruit, vegetables, tea, farmed fish, cotton, sugarcane, wheat, rice, cotton, and sugar.  Further, the consumer spending of the Indian people will also grow at a decent pace of 6.6% and the FDI in Indian agriculture will stand at USD 3.8 billion in 2024. It is an indicator of the growth. 

 

Recently in 2022, the government of India launched the PM Kisan Samman Sammelan 2022 for the welfare if the farmers and it’s also planning to bring in Kisan drones, offering digitalisation of land records and using pesticides which will be the catalyst for the necessary changes to be made in the Indian agricultural sector. 

 

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Top Agricultural Stocks in India to invest in 2024

After taking the above points into consideration, here are the some of the top agricultural companies in which you can invest in 2024: before investing in these stocks it is important to know important ratio in stock market.

S.No	Company Name	Last Price	52 wk High	52 wk Low	Market Cap (Rs. cr)
1	Bombay Burmah Trading Corporation	2659	2857	1166	18,554
2	Kaveri Seed Company	1097	1201	578	5,643
3	KN Agri Resources	273	296	112	684
4	UPL Limited	603	634	447	45,317
5	PI Industries Limited	4617	4804	3220	70052
6	Coromandel International Limited	1662	1789	1019	48977
7	Bayer Cropscience Limited	6205	7196	4812	27890

 

1) Bombay Burmah Trading Corporation Limited:

Incorporated in the year 1863, Bombay Burmah Trading Corporation Limited is one of the oldest and reputed agriculture companies of India. BBTCL is the flagship company of the Wadia Group and was formed to meet the domestic demands of William Wallace’s teak business. The company further entered into the tea plantations business by investing in the tea business of South Africa. However, currently the company’s business is  fragmented into five primary businesses:
●    Tea and Coffee plantation
●    Finance
●    Healthcare 
●    Horticulture
●    Food bakery and Dairy products

 

For investors, Bombay Burmah is the best agriculture stock in India for those seeking growth opportunities in the agriculture sector.

 

 

2) Kaveri Seed Company Limited

 

Kaveri Seed Limited is another prominent name in the agriculture sector industry which primarily engages in the research, production, processing, marketing of quality hybrid of Indian crops. Research and development is the strongest suit of the company and it has more than 125 high quality hybrids of vegetable crops. 

The company has a presence in 12 Agro-Climatic zones of India which consists of 18 Indian states. It offers choices among a wide variety of seeds which are suitable for maize, rice, cotton, sunflower, mustard, sorghum, legumes, bajra and wheat. Moreover, in the vegetable segment, the Co. provides farmers with an array of options, including tomatoes, okra, chillies, watermelon, gourds and brinjal.

 

 

3) KN Agri Resources

KN Agri Resources was formed in the year 1987 and is one of the oldest and legacy agriculture companies of India. The company is primarily a food company engaged in purchasing, storing, processing, packaging, marketing of agricultural commodities, vegetable oils and food products across the globe. It also has a supply chain business that is mainly about flour mining and food commodity trading. The company’s business can be summarised into 4 main vertices:
●    Agri- Processing 
●    Distribution of various Agro-commodities
●    Power Generation through Windmills
●    Ethanol

 

 

4) UPL Limited

UPL, earlier known as United Phosphorus Limited, is one of the leading names in the Indian agriculture industry. The company mainly deals in the manufacturing and development of crop protection products like herbicides, fungicides, insecticides, etc. It is also involved in the production and distribution of industrial chemicals, speciality chemicals and chemical intermediates. 

The seed business vertical of the company looks after the production and selling of seeds. At the same time, it also offers services like water conservation, innovative nutrition, NPP Biosolutions along with healthcare solutions like termite and crawling pest control.

 

 

5) PI Industries Limited

PI Industries is another prominent name in the agriculture sector of India. It is a holding company that came into existence in 1946 and primarily engages in the manufacturing and distribution of agrochemicals. The product of PI industries consists of fungicides, pesticides, herbicides, plant nutrients, and specialty products and its service list includes research and development services, molecule design, library synthesis, biological evaluation, etc. 

 

The company specializes in creating unique chemical products and its broad services include designing and building chemical production facilities (plant engineering), identifying unknown chemicals (structure elucidation), making very small amounts of specific chemicals (impurity synthesis), testing for safety (safety data generation), sorting different types of waste (waste categorization), and figuring out how to handle and dispose of waste safely (treatability studies).

 

 

6) Coromandel International Limited

Starting its journey in 1906, Coromandel international Limited is among India’s top agriculture companies. After starting its journey with one fertilizer plant in Ranipet and Tamil Nadu, the company now has two business segments: crop nutrition and crop protection. 

The crop nutrition segment of the company includes fertilisers, organic nutrients and speciality nutrients whereas its crop protection segment has insecticides, herbicides, fungicides, bio-products, etc. The highlight of the company is that it is the world’s biggest producer of neem-based pesticides.

 

 

7) Bayer Cropscience Limited

Bayer CropScience is another significant component of the Indian agriculture industry. The company mainly deals in the manufacture and sale of products such as insecticides, fungicides, herbicide and various other agrochemical products and corn seeds. 

The company is Also known for its diverse range of innovative and biological pest management treatments. It also launched a new insecticide Vayego in 2022 along with already existing insecticides, fungicides and herbicides.

 

 

Things to keep in mind before investing in agriculture sector

Here are the things which investors should keep in mind before investing in the agriculture stocks:

 

1) Supply Chain Management 

Supply chain management is crucial in agriculture companies as they depend on it for production, distribution and transportation. It is important for these companies to tackle logistical challenges, transportation problems and labour shortage issues as they have an impact on the operations and bottom line of the company.

 

2) Technology Optimization

In the modern era, it is important for agriculture companies to make full use of modern technology to optimise the productivity and efficiency of the company. For long-term growth, these companies should know how to leverage modern agricultural techniques, innovative farming and digital technology.

 

3) Policy Framework

In the agriculture sector the role of the government policies and rules also play a significant role in the financial success of the agricultural companies. Therefore, these companies should be aware of the agricultural policy framework and should make their policies accordingly.

 

4) Financial Analysis

It is a thumb rule of investment that you should be aware of the bottom line of the company you are planning to invest in. Therefore, it is always important to analyse the financial metrics such as revenue growth, debt of the company, profitability and cash flow of the agricultural companies.

 

 

FAQ

Ques 1. List of agriculture stock under 100 Rs in India?

Ans. Here is the list of agriculture stocks under 100 Rs.

S.No	Company Name	Last Price	52 wk High	52 wk Low	Market Cap (Rs. cr)
1	Shri Vasuprada	97.96	109.9	67.44	81.15
2	TGIF Agri	92	156.8	77.6	23.81
3	Genomic Valley Biotech	80.5	81.6	21	24
4	Vishwas Agri Seeds	77.5	96.7	70	77
5	Nova Aagritech	69	94	41	633
6	Vrundavan Plant	48.99	108	32	26.13
7	Transchem	43.89	50.69	21.75	53.72

 

 

Ques 2. List of  agriculture penny stocks in India?

Ans. Here is the list of agriculture penny stocks in India

S.No	Company Name	Last Price	52 wk High	52 wk Low	Market Cap (Rs. cr)
1	Beeyu Overseas	4.2	7.09	2.33	5.94
2	Kanel Ind	1.54	1.98	1.14	2.84
3	ShreeGanesh Bio	1.09	1.89	0.7	43.45

 

 

Ques 3. Top 10 agriculture stocks in India?

Ans. Here is the list of top 10 agriculture stocks in India

S.No	Company Name	Last Price	52 wk High	52 wk Low	Market Cap (Rs. cr)
1	Bombay Burmah Trading Corporation	2659	2857	1166	18,554
2	Kaveri Seed Company	1097	1201	578	5,643
3	Indo Us Bio-Tech	296	349	180	593
4	Goodricke Group	239	265	159	516
5	Nath Bio-Genes	216	264	167	411
6	KN Agri Resources	273	296	112	684
7	UPL Limited	603	634	447	45,317
8	PI Industries Limited	4617	4804	3220	70052
9	Coromandel International Limited	1662	1789	1019	48977
10	Bayer Cropscience Limited	6205	7196	4812	27890