Pesticides are an inseparable part of agriculture today. We have prepared a list of top pesticide companies in India based on their market capture. With the steady increase in the global population over the years, it has become extremely important to increase the cultivation of food and other crops. But various insects cause immense damage to crops that might also create a food scarcity. That is why farmers everywhere have become increasingly dependent on pesticides for unhindered cultivation.
In the last 60 to 70 years, crop production has almost tripled globally – thanks to the use of pesticides that have minimized crop losses. Be it synthetic or natural, farmers can’t do without pesticides today – not even organic farmers.
Benefits of pesticides
- Farmers can produce much more crop on lesser-sized land. With the application of pesticides, crop production is proven to go up by 20-40%. Also, the benefits of high-yielding seeds and fertilizers can be maximized with the usage of pesticides.
- Farmers can produce bountiful harvests by using pesticides as crop losses to pests are all but eliminated.
- With the usage of pesticides, more crops can be produced on every plot of land. More crop production helps to keep crop prices in check.
- By producing more crops on the same plot of land, farmers need to deforest less land. This helps to conserve the environment.
- With the usage of pesticides, crop production has increased substantially. As a result, many countries that were underdeveloped earlier have turned into food producers now.
The pesticides market in India
In India, the pesticide market is valued at close to Rs 200 billion. Industry experts expect the market to have a Compounded Annual Growth Rate (CAGR) of 8%, thus crossing Rs 300 billion by 2024. Insecticides, herbicides, and fungicides are major products. Northern & western India are the major markets for pesticides in India. However, the usage of pesticides in India is much lesser than in the US or China. This means that market penetration is low and there is huge room for growth.
There are quite a few pesticide manufacturers in India. While some of them are national and international-level operators, the others are much smaller and operate in one or two states.
Top 10 Pesticide Companies in India
This infographic provides a quick overview of India’s top 10 pesticides companies, feel free to share it on social media sites:
UPL Ltd.
UPL Ltd is one of the biggest pesticide companies in India. With a presence in almost 140 countries, the company is the 5th largest crop protection chemical company in the world. The company has access to 90% of the global food basket. Its focus is on the growth & development of agriculture globally through the total elimination of pests from agriculture.
- Market Cap (Rs Cr.): 34,802.27
- Book Value (Rs): 105.02
- Face Value (RS): 2.00
- Turnover (Rs. In Lakhs): 45,266.56
Profit & Loss
- Mar 20: 2,175.00
- Mar 19: 1,561.00
- Mar 18: 2,123.00
- Mar 17: 1,752.00
PI Industries Ltd.
PI Industries is the 2nd largest Pesticides manufacturer company in India that has huge price in Share market as well. The company was founded in 1946. Over the last seven decades, PI Industries has built a robust global presence, driven by customer-centric business policies and rapid innovations in production technology. The company is focused on creating sustainable and value-based products that help in maximizing crop production utility.
- Market Cap (Rs Cr.): 32,648.73
- Book Value (Rs): 170.60
- Face Value (RS): 1.00
Profit & Loss
- Mar 20: 80
- Mar 19: 410.20
- Mar 18: 48
- Mar 17: 459.53
Fine Organics Industries Ltd.
Established in 1970, Fine Organics is a multi-product organization today with a presence in almost 80 countries. With regular research & development, the company seeks to create the best products for its large customer base. It has developed a large variety of specialty additives for multiple applications.
- Market Cap (Rs Cr.): 8,494.96
- Book Value (Rs): 205.73
- Face Value (RS): 5.00
Profit & Loss
- Mar 20: 86
- Mar 19: 139.61
- Mar 18: 33
- Mar 17: 77.87
BASF India Ltd.
The German MNC seeks to create sustainable value through its technically sound products. From chemicals to agriculture, and from construction to electronics, the range of BASF’s products is huge. Its crop protection solutions have admired the world over for its excellent quality and easy availability.
- Market Cap (Rs Cr.): 6,081.20
- Book Value (Rs): 319.46
- Face Value (RS): 10.00
Profit & Loss
- Mar 20: 51
- Mar 19: 81.72
- Mar 18: 50
- Mar 17: -14.13
Bharat Rasayan Ltd.
Incorporated in 1989, Bharat Rasayan is a reputed manufacturer of pesticides and related intermediaries. Located in Gujarat & Haryana, the company’s plants have a manufacturing capacity of 5,000 metric tons per annum. The product range consists of Metaphenoxy Benzaldehyde, Fenvalerate, Cypermethrin, Ethyl Ester, and Isoproturon. Besides farmers, many corporates are its clients as well.
- Market Cap (Rs Cr.): 3,656.49
- Book Value (Rs): 1327.73
- Face Value (RS): 10.00
Profit & Loss
- Mar 20: 64
- Mar 19: 111.52
- Mar 18: 31
- Mar 17: 54.53
Dhanuka Agritech Ltd.
Dhanuka Agritech is India’s leading pesticide company having head office in Gurgaon, Haryana. It has a robust pan-India presence through 7,200 distributors and 75,000 dealers. More than 10 million farmers countrywide avail of the services of the company’s products. Dhanuka’s 3 state of the art manufacturing facilities produce the best quality pesticides in collaboration with companies from Japan, the US, and Europe.
- Market Cap (Rs Cr.): 3,311.21
- Book Value (Rs): 148.74
- Face Value (RS): 2.00
Profit & Loss
- Mar 20: 35
- Mar 19: 112.58
- Mar 18: 18
- Mar 17: 121.87
Astec Lifesciences Ltd.
The company was established in 1994. In 2015, the globally-renowned Godrej Group acquired Astec. It manufactures a wide range of fungicides, insecticides, and herbicides that has a dedicated market not only in India, but in more than 25 countries around the world. Continuous R&D and implementation of the latest manufacturing technologies have helped Astec Lifesciences to maintain its stronghold in the pesticide market in India.
- Market Cap (Rs Cr.): 2,000.91
- Book Value (Rs): 125.88
- Face Value (RS): 10.00
Profit & Loss
- Mar 20: 53
- Mar 19: 35.77
- Mar 18: 04
- Mar 17: 19.18
Excel Industries Ltd.
Incorporated in 1941, Excel Industries is among the earliest indigenous pesticide manufacturers of India. Throughout the last 80 years, the company has maintained its focus on innovation & adoption of the best practices that benefit the customers. The company’s diverse product portfolio includes chemicals, polymer inputs, APIs, and intermediaries, among others.
- Market Cap (Rs Cr.): 1,176.37
- Book Value (Rs): 478.21
- Face Value (RS): 5.00
Profit & Loss
- Mar 20: 07
- Mar 19: 153.45
- Mar 18: 89
- Mar 17: 20.03
Punjab Chemicals & Crop Protection Ltd.
United Pesticides & Chemicals Limited is also known as PUPCL started its journey in early 1975. The company’s multiple divisions include agrotechnical, agroformulations, pharmaceuticals, intermediaries, and chemicals. Its manufacturing plants, equipped with the latest technology, are spread across the country, and all are ISO 9001 & ISO 14001 certified. Over the last 45 years, the company has maintained its coveted position courtesy the top-quality products and services that it provides to farmers all over the country.
- Market Cap (Rs Cr.): 780.55
- Book Value (Rs): 93.38
- Face Value (RS): 10.00
Profit & Loss
- Mar 20: 75
- Mar 19: 16.80
- Mar 18: 18
- Mar 17: -19.93
Shivalik Rasayan Ltd.
Shivalik Rasayan started its journey with the sole objective of providing affordable and environment-friendly chemicals for crop protection. And it has steadfastly remained dedicated to the objective – reason for its soaring popularity among farmers of every ilk across India. The company is the largest producer of international quality Dimethoate Technical. Additionally they are the second largest producer of Malathion. Technical in India. Over the years, the company’s footprints have spread beyond India’s borders as well.
- Market Cap (Rs Cr.): 588.72
- Book Value (Rs): 121.67
- Face Value (RS): 5.00
Profit & Loss
- Mar 20: 04
- Mar 19: 20.94
- Mar 18: 25
- Mar 17: 8.46
List of Top 10 Pesticides Companies in India
| Sl. No. | Company | Establishment | Head office | Website |
| 1 | UPL Ltd. | 1969 | Mumbai | https://www.upl-ltd.com/ |
| 2 | PI Industries Ltd. | 1946 | Gurgaon | https://www.piindustries.com/ |
| 3 | Fine Organics Industries Ltd. | 1970 | Mumbai | https://www.fineorganics.com/ |
| 4 | BASF India Ltd. | 1943 | Mumbai | https://www.basf.com/in/en.html |
| 5 | Bharat Rasayan Ltd. | 1989 | New Delhi | http://www.bharatgroup.co.in/ |
| 6 | Dhanuka Agritech Ltd. | 1985 | Gurgaon | https://www.dhanuka.com/ |
| 7 | Astec Lifesciences Ltd. | 1994 | Mumbai | http://www.astecls.com/ |
| 8 | Excel Industries Ltd. | 1941 | Mumbai | http://www.excelind.co.in/ |
| 9 | Punjab Chemicals & Crop Protection Ltd. | 1975 | Mohali | https://www.punjabchemicals.com/ |
| 10 | Shivalik Rasayan Ltd. | 1979 | New Delhi | http://www.shivalikrasayan.com/ |
