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Top 3 best Agrochemical Stocks for long term
Best 3 best agrochemical Stocks for long term
Agrochemicals are chemicals that are used in agriculture, to aid plants, crop growth, and protection against different types of pests. Agrochemicals were manufactured to protect crops from pests and for augmenting crop yields. It is one of the costliest inputs that farmers have to deal with overall expenditure.
Classification of agrochemicals:
Pesticides: A pesticide is a chemical or a substance used to destroy or control some types of plants or organisms also known as pests.
Insecticides: It is used to destroy insects and also can be ovicides that kill eggs, and larvicides to kill larvae.
Herbicides: It is used to control or kill weeds and herbs.
Fungicides: It is used for controlling fungi and oomycetes.
In India, there are a lot of agrochemical crops
1. PI Industries:
PI Industries Ltd is a leading player in the agrochemicals space having a strong presence in both Domestic and Export markets.
PI Industries is also technical and financially strong with good Sales and profits, with good ROCE, ROE, etc.
It has state-of-art facilities in Gujarat having integrated process development teams with in-house engineering capabilities.
The stock has given multi-bagger returns for investors in the past and is expected to give more due to agriculture being a prime focus in India now.
Market Cap: 50000+ Cr
2. Sumitomo Chemical India Ltd:
Sumitomo chemicals look fair technical with average returns in the past, the company has grown from small cap to mid cap now.
Market Cap: 25000+ Cr
3. UPL:
UPL is principally engaged in the business of agrochemicals, industrial chemicals, chemical intermediates, specialty chemicals, and the production and sale of field crops and vegetable seeds.
Market Cap: 50000+ Cr
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