Top 10 Fertilizer companies in India 2024

The fertilizer industry in India is important for the agricultural sector, providing essential nutrients to improve crop yield and soil fertility. This article explores the top 10 fertilizer companies in India, highlighting their market presence, innovations, and contributions to the industry.

The fertilizer industry in India has a long history, evolutionary significantly over the decades to meet the growing demands of agriculture. Initially dependent on imports, the industry has developed robust domestic capabilities, driven by both public and private sector initiatives.

Today, the Indian fertilizer market is characterized by high competition, extensive distribution networks, and continuous technological advancements. The industry plays a vital role in supporting the agricultural economy and ensuring food security for the country.

Top Fertilizer Companies List by Market Capitalisation

Over the years, several fertilizer companies in India have Grow as leaders, contributing significantly to the growth and sustainability of the agricultural sector. Here, we explore the top 10 fertilizer companies in India, highlighting their contributions, products, and market presence.

1. Fertilizers & Chemicals Travancore Ltd (FACT)

Market Cap: ₹ 45,223.84 Cr.
Sales (latest quarter): ₹ 1061.82 Cr.
Net Profit (latest quarter): ₹ -61.2 Cr.
Quarterly profit growth: -26.67 %
Exchange: BSE, NSE
Official Website: fact.co.in

Fertilizers & Chemicals Travancore Ltd is a renowned company in the field of fertilizers and chemical manufacturing. With a strong presence in India, the company has established itself as a leader in providing quality products and services to customers across the country.

Fertilizers & Chemicals Travancore Ltd was established in 1943 and is headquartered in Kerala, India. The company is primarily engaged in the production of fertilizers and chemicals, catering to a wide range of industries, including agriculture, pharmaceuticals, and textiles.

Some of its Famous products include Complex Fertilisers, Straight Fertilisers, Organic Fertilisers, Bio Fertilisers, Imported Fertilisers and Bagged Gypsum.

2. Coromandel International Ltd

Market Cap: ₹ 40,936.43 Cr.
Sales (latest quarter): ₹ 3912.72 Cr.
Net Profit (latest quarter): ₹ 163.91 Cr.
Quarterly profit growth: -34.95 %
Exchange: BSE, NSE
Official Website: coromandel.biz

Coromandel International Ltd is one of the most trusted agricultural brands in India with a relentless focus on bettering the lives of farmers, their immediate milieu, and all our stakeholders. Adding to this, we also have the highest brand equity index in operating segments in key markets.

We offer a wide range of products and services across the entire crop life cycle from seed to harvest as the leading agri-solution provider in India. Some of its Famous products and services include Fertiliser, Speciality Nutrients, Organic, Crop Protection and Biopesticide.

The goal of our technology and farm mechanization program is to maximize the use of resources and to drive farm profitability. Gromor has become one of the country's most trusted brands because of our 'Farmer First' approach, quality-focused initiatives, and consumer engagement programs.

3. Chambal Fertilisers & Chemicals Ltd

Market Cap: ₹ 16,318.54 Cr.
Sales (latest quarter): ₹ 2643.04 Cr.
Net Profit (latest quarter): ₹ 96.79 Cr.
Quarterly profit growth: 2.98 %
Exchange: BSE, NSE
Official Website: chambalfertilisers.in

Chambal Fertilisers caters to farmers in twelve northern, eastern, central and western states of India, and is the largest fertiliser supplier in Rajasthan. It has 15 regional offices, 2,800 dealers, and 50,000 retailers as part of a vast marketing network.

The Company offers all agri-products via a "single window" so that the farmer can buy all products from a single source. Dealers of the company supply urea and other agricultural inputs such as DAP (Di-Ammonium Phosphate), MOP (Murate of Potash), SSP (Single Super Phosphate), and pesticides. All of these products are sourced from reputable suppliers and sold under the umbrella brand 'Uttam'. In North India, the Company occupies a leadership position in the pesticide business.

Provide high quality fertilizers, create value for all our stakeholders, and play a pivotal role in delivering food security to India.Some of its Famous products include Fertilisers (Major nutrients), Specialty Fertilisers / Micro Nutrients, Insecticides and Fungicides.

4. Rashtriya Chemicals & Fertilizers Ltd (RCF)

Market Cap: ₹ 8,432.56 Cr.
Sales (latest quarter): ₹ 3879.65 Cr.
Net Profit (latest quarter): ₹ 95.24 Cr.
Quarterly profit growth: 0.3 %
Exchange: BSE, NSE
Official Website: rcfltd.com

RCF is a leading fertilizer and chemicals company owned by the Indian government, with about 75% of its equity held by the government. The company has been awarded the prestigious "Navratna" status in August 2023.

RCF has a well-developed R&D set up that is primarily focused on innovation studies to develop new, efficient and safer processes, value added products, technology development, agronomical research to evaluate the efficiency of different fertilizers, and the development and implementation of agro-input products to meet the needs of Integrated Plant Nutrient System (IPNS). For the analysis of Urea, NPK fertilizers, soils, and micronutrients, RCF Laboratories are NABL accredited.

5. Gujarat State Fertilizers & Chemicals Ltd (GSFC)

Market Cap: ₹ 8,338.12 Cr.
Sales (latest quarter): ₹ 1965.25 Cr.
Net Profit (latest quarter): ₹ 24.42 Cr.
Quarterly profit growth: -89.14 %
Exchange: BSE, NSE
Official Website: gsfclimited.com

The GSFC was formed in 1962 and began producing fertilizers in 1967. GSFC became known for its path-breaking achievements within its first decade. The company was the first in the country to set up fertilizer plants within two years of getting requisite approvals, and was the first industrial complex in the joint sector. The project was also the first to secure direct and active participation from farmers, the first fertilizer unit to receive assistance from IDBI's Assistance Fund, and the first to use Steam Naphtha Reforming for ammonia manufacturing.

GSFC has carved out an irreplaceable image on the Indian marketing scene over the last 45 years. Innovative research and technology integration ensure that the products are relevant to all walks of life. From household consumers to core industrial consumers, GSFC continuously meets market needs.

GSFC's continuous pursuit of product diversification and value addition has resulted in more than 24 brands of fertilizers, petrochemicals, chemicals, industrial gases, plastics, fibres, and more.

In keeping with the strictest international standards, GSFC consistently provides best quality, superior packaging, prompt delivery & services of the highest standard for every product. GSFC is well substantiated by a string of National and International Awards, but Total Customer Satisfaction is the most valuable award.

Many of GSFC's products are ISO 9001-certified, making it a company synonymous with superior quality. By leveraging economies of scale, improving products continuously, and adding value to its products, it believes in providing customers with the highest value for their money.

In the emerging scenario of the competitive and globalized economy, GSFC is a respectable player. The GSFC has Customer Service Centers in both Agriculture (AD&AS) and Industrial (ADC) to disseminate the latest technical knowledge.

6. Paradeep Phosphates Ltd

Market Cap: ₹ 5,570.62 Cr.
Sales (latest quarter): ₹ 2242.74 Cr.
Net Profit (latest quarter): ₹ 21.5 Cr.
Quarterly profit growth: 115.43 %
Exchange: BSE, NSE
Official Website: paradeepphosphates.com

Paradeep Phosphates Limited was incorporated in 1981 and is one of India's largest phosphatic fertilizer manufacturers. PPL contributes greatly to India's agricultural economy through its backward integration, advanced production facilities in Paradeep and Goa, and extensive distribution network.

PPL sells its finished fertilizers under the established brand names "Jai Kisaan" and "Navratna" to over 8 million farmers in 16 states in India.

With our diverse product portfolio, crops are provided with the optimal supply of essential plant nutrients, such as nitrogen, phosphorus, potassium, sulphur, and zinc. Among our products are complex fertilizers such as DAP and NPK, as well as several agrochemicals such as Zypmite.

Since over five decades, Indian farmers have been loyal to Jai Kisaan and Navratna brands.

As a product of India's first Green Revolution and a desire for self-sufficiency in food production, Jai Kisaan underscores the notion that the future belongs to nations that have self-sufficient food production and reaffirms our "Farmer First" philosophy. A sprouting green seedling silhouetted against a blood-red sun symbolizes the source of life on earth, the bountiful harvests of which are firmly anchored on the arduous efforts of Indian farmers.

7. National Fertilizer Ltd

Market Cap: ₹ 5,082.41 Cr.
Sales (latest quarter): ₹ 5284.24 Cr.
Net Profit (latest quarter): ₹ 207.68 Cr.
Quarterly profit growth: 188.02 %
Exchange: BSE, NSE
Official Website: nationalfertilizers.com

On 23rd August 1974, NFL was incorporated as a Navratna Company with its registered office in New Delhi. The company is headquartered in NOIDA (U.P.). Its authorized capital is Rs. 1000 crore and its paid up capital is Rs. 490.58 crore, out of which the Government of India holds 74.71 % and financial institutions hold 25.29 %.

NFL manufactures, markets, and distributes Neem Coated Urea, four strains of Bio-Fertilizers (solid and liquid), Bentonite Sulphur, and other industrial products such as Ammonia, Nitric Acid, Ammonium Nitrate, Sodium Nitrite, and Sodium Nitrate. In the market, the company's brand name is known as 'KISAN'.

As part of its Seeds Multiplication Program, the company has also begun producing certified seeds under the name Kisan Beej for sale.

NFL Marketing Network consists of a Central Marketing Office at NOIDA, four Zone Offices at Bhopal, Lucknow, Chandigarh, & Hyderabad, 15 State Offices and 3 UT Offices, and 35 Area Offices.

We have ten soil testing laboratories (6 static and 4 mobile) with a capacity of testing around 65000 samples annually for macro nutrients and 10000 samples for micro nutrients. We are fully dedicated to soil health testing, assisting farmers in promoting balanced fertilization.

8. Madhya Bharat Agro Products Ltd

Market Cap: ₹ 2,040.82 Cr.
Sales (latest quarter): ₹ 145.68 Cr.
Net Profit (latest quarter): ₹ 1.38 Cr.
Quarterly profit growth: -94.31 %
Exchange: BSE, NSE
Official Website: mbapl.com

MBAPL is an ISO 9001:2015 certified company, which is the international standard for a quality management system (QMS). MADHYA BHARAT AGRO PRODUCTS LTD TESTING LAB is also accredited according to ISO/IEC 17025:2017 for chemical testing of DAP and NPK fertilizers. Originally established in 1997 as a private sector unit manufacturing single super phosphate, it was converted in 1999 to a public limited company, and in 2004 it was taken over by the Ostwal Group of Industries. As part of our commitment to becoming a completely integrated self-sustaining unit, we started commercial production of Beneficiated Rock Phosphate from our new facility in Village Sorai, Tehsil Banda, District. There were 99000 TPA of production capacity at Sagar in 2012. The SSP and Sulphuric Acid plant has been started at Village Sorai, Tehsil Banda, District. Sagar in year 2016.

As a result of changing economic conditions, new market opportunities, and increasing demand for our product, we set up another manufacturing facility under the leadership of our promoters who have experience in this industry.

Madhya Bharat Agro Products Ltd offers a wide range of agro commodities and food products. Some of their main products include SSP, Water Soluble Fertilizers, Secondary Nutrient, Micro Nutrient, Supplements & Organic Products.

9. Krishana Phoschem Ltd

Market Cap: ₹ 1,618.54 Cr.
Sales (latest quarter): ₹ 263.4 Cr.
Net Profit (latest quarter): ₹ 5.59 Cr.
Quarterly profit growth: -10.27 %
Exchange: BSE, NSE
Official Website: krishnaphoschem.com

India's agriculture sector is on the periphery of a great reform. Within the next ten years, food production is likely to double. As a subsidiary of Ostwal phoschem (India) Ltd. in the prestigious Ostwal group, it is committed to promoting sustainable agriculture. A public company incorporated in 2004 and inducted into the Ostwal group in 2007, M/S Krishana Phoschem Ltd is headquartered in Bhilwara, Rajasthan. During this time, the company has grown and diversified its business while becoming one of the nation's leading manufacturers of SSPs. Three manufacturing plants have been built across Meghnagar in Jhabua district of Madhya Pradesh ingeniously by the company.

Among its products are Beneficiated Rock Phosphate (BRP), Single Super Phosphate (SSP), and Dyes Intermediates, including Sulphuric Acid (SA), Oleum, Coloro Sulphonic Acid, and Liquid SO3. In February 2023, the company will begin manufacturing Di-ammonium Phosphate (DAP), Nitrogen, Phosphorus, and Potassium (NPK) complex fertilizer, as well as Phosphoric Acid. SSP is made from Beneficiated Rock Phosphate and Sulphuric Acid, Sulphuric Acid is made from Sulphur, and DAP/NPK complex fertilizers are made from Ammonia and Phosphoric Acid.

The three primary nutrients are N, P and K, which every soil needs. We deal with N and P nutrients through SSP and DAP/NPK complex fertilizers.

10. Madras Fertilizers Ltd

Market Cap: ₹ 1,497.43 Cr.
Sales (latest quarter): ₹ 758.48 Cr.
Net Profit (latest quarter): ₹ 88.3 Cr.
Quarterly profit growth: 74.13 %
Exchange: BSE, NSE
Official Website: madrasfert.co.in

MFL was established on December 8, 1966 as a collaboration between GOI and AMOCO India, a U.S.A-based company, under the Fertilizer Formation Agreement signed on 14.5.1966, with 51% and 49% equity stakes, respectively.

MFL is involved in producing Ammonia, Urea, Complex Fertilizers, and Biofertilizers. The company also markets these fertilizers and trades in Agro Chemicals as part of its corporate goals. MFL is dedicated to fostering an organizational culture that inspires individuals, promotes personal drive, innovation, and creativity. Located at Manali, approximately 20 km north of Chennai city, MFL's plant facilities and headquarters span 329 acres of freehold land.

To establish leadership in the fertilizer and process industry, as well as in the production and marketing of agrochemicals and environmentally friendly products such as biofertilizers and neem pesticides. This will be achieved through efficient operations, quality products, market orientation, and dedicated manpower.

Conclusion

The fertilizer companies in India play a Key role in increase agricultural productivity and supporting the country's food security. The top 10 fertilizer companies listed above have established themselves as leaders through their commitment to quality, innovation, and farmer-centric initiatives. As India continues to grow and modernize its agricultural practices, these companies are well-positioned to meet the increasing demand for efficient and sustainable fertilizer solutions, ensuring the prosperity of the nation's farmers and the agricultural sector.