October 2026
Largest AgriTech Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Coromandel International, PI Industries, Sumitomo Chemical India, Bayer CropScience and Paradeep Phosphates.
 | Fertilizer and crop protection company, part of the Murugappa group. It makes phosphatic and complex fertilizers, specialty nutrients and agrochemicals, and runs rural retail outlets serving farmers. Headquartered in Secunderabad (Hyderabad). | $19 | -22% | $5.5B | $6B | 2.8x | 17.5x | ||
| PI Industries Ltd manufactures, distributes, and sells agrochemicals, specialty fertilizers, and seeds to the agriculture industry. The firm's agrochemicals portfolio includes insecticides, fungicides, and plant health products. The company competes on price with the manufacture and sale of generic products. PI Industries reports sales across two geographical segments: within India and outside India. The outside India division represents its business division predominantly in Japan, Germany, and China. In India, the firm sells its products through a large network of distributors and retail outlets. The company has one reportable business segment which is Agro Chemicals. | $22 | -46% | $3.3B | $3B | 4.2x | 14.8x | ||
| Sumitomo Chemical India makes and sells crop protection chemicals, household insecticides, and nutrition products for farmers and public health. It is a subsidiary of Sumitomo Chemical, Japan. Headquartered in Mumbai. | $4 | -31% | $2B | $1.8B | 5.4x | 24.3x | ||
| Bayer CropScience India sells crop protection chemicals, seeds and traits, and environmental science products to farmers through distributors. It is the Indian arm of Bayer. Headquartered in Mumbai. | $36 | -34% | $1.6B | $1.5B | 2.6x | 15.2x | ||
| Paradeep Phosphates makes phosphatic fertilisers such as DAP and NPK, and sells them through dealers to farmers. Plant at Paradeep, Odisha. Controlled by the Zuari-OCP group. Headquartered in Bhubaneswar. | $1 | -22% | $1.5B | $2.2B | 2.0x | 10.2x | ||
| EID Parry makes sugar, ethanol and co-generated power, and sells nutraceutical ingredients. It also owns a stake in Coromandel International. Customers are food and beverage firms, oil marketers and consumers. Part of the Murugappa Group. Headquartered in Chennai. | $7 | -43% | $1.2B | $2.4B | 0.8x | 7.5x | ||
| GNFC produces fertilisers such as ammonium nitrate, urea and neem-coated products, plus industrial chemicals including acetic acid, aniline and nitric acid. It also has an IT services arm and sells fertilisers to farmers through dealers. It is controlled by the Gujarat government and based in Bharuch, Gujarat. | $5 | -5% | $795M | $637M | 0.8x | 5.7x | ||
| Makes single super phosphate and granulated fertilisers, and bio-fertilisers sold to farmers and distributors. Plants are in Madhya Pradesh and Rajasthan. Based in Mumbai. | $2 | +85% | $650M | $725M | 4.3x | 22.3x | ||
| Sharda Cropchem registers and sells agrochemicals, including herbicides, insecticides and fungicides, in Europe, Latin America, NAFTA and other regions. It also has a non-agro chemical unit. It is headquartered in Mumbai. | $7 | -28% | $629M | $568M | 1.0x | 4.7x | ||
| Gokul Agro Resources refines edible oils such as soybean, palm and sunflower oil and sells them under consumer brands including Gokul and Zaika. It also trades agri commodities and exports castor oil and other products. Customers are retail consumers, distributors and food companies. It is headquartered in Ahmedabad with a refinery at Kandla. | $2 | +10% | $628M | $663M | 0.3x | 9.5x | ||
| Gujarat State Fertilizers & Chemicals Ltd is a manufacturer of fertilizers and chemicals. It is structured into two operating business segments: Fertilizer Products and Industrial Products. The company operates mainly in the Indian market and there are no reportable geographical segments. It derives the majority of its revenue from the Fertilizer products segment. The products and services covered under its Fertilizer segment include Urea, Ammonium Sulphate, Di-ammonium Phosphate, Ammonium Phosphate Sulphate, and traded fertilizer products. The Industrial Products consist of Caprolactam, Nylon-6, Nylon Filament Yarn, Nylon Chips, Melamine, Methanol, and Polymer products. | $1 | -32% | $579M | $439M | 0.4x | 4.4x | ||
| Shree Renuka Sugars processes sugarcane into sugar, ethanol and co-generated power, and runs sugar refineries in India and Brazil. Customers are food companies, retailers and oil marketing companies. It is controlled by Wilmar. Headquartered in Belgaum, Karnataka. | $0 | -38% | $443M | $1.2B | 1.2x | 167.9x | ||
| Rallis India makes crop protection products and seeds, sold to Indian farmers and exported. It is a subsidiary of Tata Chemicals. Headquartered in Mumbai. | $2 | -26% | $419M | $406M | 1.3x | 10.3x | ||
| Dhanuka Agritech makes and markets crop protection products such as herbicides, insecticides and fungicides, sold to farmers through a dealer network. It runs formulation plants in Gujarat and Rajasthan. Headquartered in Gurugram. | $9 | -42% | $403M | $372M | 1.8x | 8.2x | ||
| Kaveri Seed breeds and sells hybrid seeds such as cotton, corn, rice and vegetables to Indian farmers. It sells through a distributor network and exports. Headquartered in Secunderabad. | $8 | -- | $396M | $349M | 2.4x | 9.0x | ||
| NACL Industries makes agrochemicals such as pesticides, with contract manufacturing and exports. Headquartered in Hyderabad. | $1 | -40% | $298M | $330M | ||||
| Jain Irrigation Systems makes micro-irrigation systems, PVC and polyethylene pipes, plastic sheets, and processed fruit and onion products. It sells to farmers, builders and food companies in India and globally. It is one of the largest drip irrigation companies in the world. It is based in Jalgaon. | $0 | -55% | $189M | $646M | ||||
| Droneacharya Aerial Innovations Ltd provides high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high configuration workstations. The main operations of the company are imparting the Drone operation Training, Drone supply and Maintenance services, Management Consultancy, and training services, Drone pilot training & specialized GIS training. The company’s offerings can be classified into four broad categories, namely, Training, Services, Surveillance, and others. | $0 | -- | $7M | $8M | ||||
| Median | $3 | -32% | $629M | $654M | 1.9x | 10.2x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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