Top 10 Agrochemical and Pesticide Companies in India by Market Capitalisation
19 August 2026, New Delhi: India’s agrochemical and pesticide sector sits at the intersection of the country’s food security priorities and its growing footprint as a global manufacturing and export hub for crop protection products. From multinational giants with a deep domestic manufacturing base to home-grown innovators pushing indigenous molecules to market, the sector’s listed players offer a useful lens into how investors currently value the industry.
Here’s a look at the top 10 agrochemical and pesticide companies in India, ranked by market capitalisation.
Note: Market capitalisation is a moving target. It shifts daily with stock price movements and is directly influenced by quarterly earnings, sales performance, and broader market sentiment. The figures below reflect a snapshot of the market and are expected to change as these publicly listed companies report new results and their share prices react accordingly. This should be read as a point-in-time reference rather than a fixed ranking.
Top 10 Agrochemical and Pesticide Companies in India by Market Capitalisation
Rank
Company
CMP (Rs.)
P/E
Market Cap (Rs. Cr.)
Div. Yield (%)
Net Profit Qtr (Rs. Cr.)
Qtr Profit Var (%)
Sales Qtr (Rs. Cr.)
Qtr Sales Var (%)
ROCE (%)
1
UPL
568.70
24.29
47,992.87
1.06
-73.00
92.63
10,181.00
10.47
10.11
2
PI Industries
2,496.00
35.08
37,898.99
0.60
244.20
-38.95
1,702.30
-10.43
14.99
3
Sumitomo Chemical India
554.20
48.47
27,687.24
0.23
216.53
9.30
1,054.08
0.57
23.48
4
Bayer CropScience
4,069.90
24.98
18,290.98
3.69
321.60
15.39
1,835.00
-4.16
29.14
5
Sharda Cropchem
771.80
11.12
6,957.35
1.95
88.02
-38.34
1,073.77
9.03
30.25
6
Dhanuka Agritech
990.50
16.50
4,422.36
0.20
36.30
-34.59
461.93
-12.56
23.76
7
Rallis India
211.90
18.07
4,125.05
1.42
125.00
30.04
1,022.00
6.79
14.14
8
NACL Industries
174.05
157.20
4,074.64
0.00
20.84
59.82
383.33
-14.50
8.13
9
Bhagiradha Chemicals
287.40
135.42
3,726.69
0.05
13.33
234.92
195.02
57.55
4.53
10
GSP Crop Science
594.10
26.39
2,758.77
0.17
26.39
12.30
386.00
2.39
18.95
Company Snapshots
1. UPL
UPL leads the pack by a wide margin, with a market capitalisation of nearly Rs. 48,000 crore. It remains India’s largest agrochemical company by scale and global reach, with operations spanning crop protection, seeds, and specialty chemicals across more than 130 countries. The quarter shows a net loss, though the sharp positive swing in profit variance and double-digit sales growth point to an improving trend against a weaker year-ago base.
2. PI Industries
PI Industries holds the second spot, valued at close to Rs. 38,000 crore. The company has built its reputation on custom synthesis and manufacturing (CSM) for global innovators alongside its own domestic agri-inputs business, including indigenously discovered molecules such as Pioxaniliprole. Despite the strong market cap, the quarter reflects a notable dip in both profit and sales, a reminder that valuation and near-term earnings performance don’t always move in lockstep.
3. Sumitomo Chemical India
Sumitomo Chemical India commands a premium valuation, reflected in its high P/E of nearly 48. The company continues to benefit from its parentage and a diversified portfolio spanning insecticides, fungicides, herbicides, and environmental health products, with steady, if modest, quarterly growth.
4. Bayer CropScience
Bayer CropScience stands out for its healthy return on capital employed (ROCE of over 29%) and the highest dividend yield on this list at 3.69%. The company’s seeds and crop protection portfolio, backed by global R&D, continues to deliver consistent double-digit profit growth even as quarterly sales dipped slightly.
5. Sharda Cropchem
Sharda Cropchem’s business model, built around global registrations and sourcing of generic agrochemicals rather than heavy domestic manufacturing, gives it the lowest P/E among the top companies, suggesting the market is valuing it more conservatively relative to earnings. The company posted a decline in quarterly profit despite growth in sales.
6. Dhanuka Agritech
Dhanuka Agritech, a long-established name in India’s branded pesticide and formulation space, saw both profit and sales contract during the quarter. Its ROCE of nearly 24% still reflects a capital-efficient business model built on in-licensing and distribution partnerships with global innovators.
7. Rallis India
Rallis India, part of the Tata Group, delivered one of the stronger quarters on this list, with profit growth of 30% and steady sales growth. The company has been investing in its seeds and specialty chemicals businesses alongside its core crop protection portfolio.
8. NACL Industries
NACL Industries carries the highest P/E on the list by far, at over 157, alongside strong quarterly profit growth. The elevated valuation multiple relative to current earnings suggests the market may be pricing in future growth expectations rather than trailing performance, even as quarterly sales declined.
9. Bhagiradha Chemicals
Bhagiradha Chemicals posted the sharpest swing in quarterly profit growth on this list, up nearly 235%, alongside strong sales growth of over 57%. Its high P/E and comparatively low ROCE indicate a smaller, earlier-stage company where the market is pricing in a growth story still playing out.
10. GSP Crop Science
Rounding out the list, GSP Crop Science posted modest but positive growth in both profit and sales, with a respectable ROCE of nearly 19%, reflecting a smaller but efficiently run agrochemical business.
Methodology
This ranking is based on market capitalisation data for listed pesticide and agrochemical companies in India, sourced from Screener on 19th August 2026, and reflects the top 10 among 33 companies tracked in the category at the time of access. Figures including current market price (CMP), P/E ratio, dividend yield, quarterly net profit and sales, and ROCE are included for additional context but should not be read as a complete picture of company fundamentals. Readers and investors are encouraged to verify current figures independently before making any financial decisions, as stock prices and company performance change continuously.
This article is for informational purposes only and does not constitute investment advice.
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