Top 5 Fertiliser Stocks in India
Take a look at the 5 largest fertiliser companies in India based on market capitalisation, business strength, industry position and long-term growth prospects.
India's fertiliser industry benefits from strong agricultural demand, government subsidies, and expanding domestic production. Leading players such as FACT, Coromandel International, Deepak Fertilisers, Chambal Fertilisers, and Paradeep Phosphates are strengthening their market position through capacity expansion, product diversification, and improved operational efficiency.
Indian fertilizer market was estimated at ₹1.02 lakh crore in 2025 and is anticipated to grow at a CAGR of 3.8%, reaching ₹1.43 lakh crore by 2034. Also, India’s farming accounts for approximately 18% of India's GDP. To back this, the government has allocated the highest-ever subsidy for fertilisers at ₹1.86 lakh crore for FY25-26.
This combination of non-discretionary demand, government-backed pricing support, and a growing domestic production base makes fertilizer stocks an attractive option for investors looking at India's agricultural sector. Now let’s unfold the blog and get an understanding of top 5 fertilizer stocks in India, based on market cap.
Overview of Best 5 Fertiliser Stocks in India
Here's a look at best Fertiliser stocks in India, what each company does, and what investors should watch.
1. FACT (Fertilisers and Chemicals Travancore)
FACT is a Government of India PSU under the Department of Fertilisers. It manufactures a wide range of fertilisers, including complex fertilisers (FACTAMFOS), ammonium sulphate, and organic fertilisers.
It serves farmers across South India through a dealer network of around 5,500 outlets. In April 2026, FACT received government approval to manufacture DAP under the Nutrient-Based Subsidy (NBS) scheme, with production commencing in May 2026.
Over the long term, from June 2021 to June 2026, FACT's share price remained in an uptrend.
As of 19 June 2026
Here is the List of Top 5 Fertiliser Stocks in India
The top 5 fertiliser stocks listed below are ranked by market capitalisation, as per NSE/BSE data. All five have a core business in fertiliser manufacturing or distribution.
|
Company |
Market Cap (June 2026) |
ROE (June 2026) |
ROCE (June 2026) |
5-Year CAGR Return |
|
FACT |
₹56,091 Cr |
-2% |
5% |
44% |
|
Coromandel International |
₹51,514 Cr |
17% |
23% |
21% |
|
Deepak Fertilisers |
₹19,158 Cr |
11% |
11% |
27% |
|
Chambal Fertilisers |
₹17,977 Cr |
20% |
25% |
9% |
|
Paradeep Phosphates |
₹13,128 Cr |
19% |
17% |
N/A* |
Source: Screener, data as of 12 June 2026, Paradeep Phosphates listed in May 2022, so not completed 5yr
2. Coromandel International
Coromandel International (Murugappa Group) is India's second-largest phosphatic fertiliser company, serving the agriculture sector with complex fertilisers, DAP, NPK, SSP, speciality nutrients, crop protection chemicals, and bio-pesticides. It holds around 40% share in unique-grade fertiliser sales in India and commands a ~15% national market share in single super phosphate.
Coromandel has a network of around 1,200 retail centres across villages in Andhra Pradesh, Telangana, and Karnataka, helping it reach a large number of farmers directly. In FY26, the company set up a sulphuric acid plant and a phosphoric acid plant at its Kakinada facility with an investment of ₹1,100 crore.
Coromandel's share price has also remained in a long-term uptrend and is currently showing signs of recovery.
As of 19 June 2026
3. Deepak Fertilisers and Petrochemicals Corporation
The company operates across two sectors, agriculture and mining/infrastructure. In crop nutrition, it is the sole manufacturer of NP Prill 24:24:0 fertiliser in India and the domestic market leader in bentonite sulphur and water-soluble fertilisers.
Its mining chemicals business manufactures Technical Ammonium Nitrate (TAN), used in blasting activities for mining, quarrying, road construction, and other infrastructure projects.
It is also India's only producer of prilled and medical-grade ammonium nitrate and a leading producer of IPA (Isopropyl Alcohol). A long-term LNG supply agreement signed with Equinor is expected to reduce input costs and drive margin recovery from FY27 onwards.
Despite some volatility, Deepak Fertilisers' share price has maintained its long-term uptrend.
As of 19 June 2026
4. Chambal Fertilisers and Chemicals
Chambal Fertilisers is India's largest private-sector urea manufacturer. Beyond urea, it markets DAP, MOP, NPK, and specialty nutrients under the Uttam brand.
In FY26, the company entered the mining and industrial chemicals business by starting a new TAN plant. It is also expanding into areas such as biological products, hybrid seeds, and crop protection solutions. The new plant is expected to operate at a high utilisation level in FY27.
Like other fertilizer stocks, Chambal Fertilisers' share price has remained in a long-term uptrend despite volatility and is currently showing signs of recovery.
As of 19 June 2026
5. Paradeep Phosphates
One of India's leading phosphatic fertilizer manufacturers and serves more than 9 million farmers across 15 states. It produces a wide range of fertilizers, including DAP and NPK variants, which help improve crop results. In addition to fertilizers, the company also manufactures industrial products such as sulphuric acid, ammonia, gypsum, and other chemical by-products.
Its products are sold under the "Jai Kisaan" and "Navratna" brands through a strong distribution network of 22 regional offices, 529 stock points, more than 5,000 dealers, and 75,000 retailers.
Listed in 2022, Paradeep Phosphates' share has not yet completed 5 years on the stock market, but the stock has remained in an uptrend and delivered multifold returns since listing.
India's Fertiliser Industry at a Glance
Before exploring the best fertiliser stocks in India, let's take a quick look at some important facts about the fertiliser industry.
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India is the world's second-largest producer and consumer of fertilisers after China.
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Agriculture contributes around 18% to India's GDP and remains a key source of income for millions of rural households.
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Indian fertiliser market was valued at around $46 billion in 2025 and is projected to cross $62 billion by 2030.
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Union Budget for FY26 allocated nearly ₹1.86 lakh crore towards fertiliser subsidies to ensure an affordable supply for farmers.
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Beyond traditional fertilisers, companies are expanding into specialty nutrients, biological products, crop protection solutions, and farm advisory services to diversify their revenue streams.
Read More on: Top auto stocks benefiting from vehicle growth
Conclusion
The Indian fertiliser industry benefits from strong demand and government support, while leading companies continue to expand their operations and improve efficiency. FACT stands out as a government-backed player with a growing presence in fertilisers and related products.