The share of farmers in India’s workforce declined from 59.1% in 1991 to 39.4% in 2021, reflecting a shift in occupational patterns. At the same time, farm power availability rose from 0.3 kW/ha in 1960 to 2.54 kW/ha in 2019-20, with a target of 4.0 kW/ha by 2030.
Sales of power tillers, combine harvesters, diesel engines, and electric motors have also shown robust growth.
Here is a list of best agricultural stocks in India based on 5Y CAGR:
| Company | 5Y CAGR (%) | 1Y Return (%) | Market Cap (₹ Cr) |
| Texel Industries Ltd | 126.31 | 267.27 | 165.87 |
| RM Drip & Sprinklers Systems Ltd | 63.34 | 279.36 | 1,249.00 |
| Expo Gas Containers Ltd | 102.72 | 103.57 | 136.57 |
| Adarsh Plant Protect Ltd | 54.19 | 12.34 | 24.27 |
Texel Industries Ltd is engaged in the manufacturing of technical textiles, particularly geomembranes and geotextiles, which are used in agriculture, water conservation, and infrastructure projects. Their products play a crucial role in preventing water seepage and soil erosion, thereby aiding in efficient water management in agricultural practices. The company has a significant presence in both domestic and international markets, supplying various sectors, including agriculture, infrastructure, and industrial applications.
Key Metrics
Founded in 2004, RM Drip & Sprinklers Systems Ltd designs and manufactures micro-irrigation equipment, including drip and sprinkler systems. The company assists farmers with the design and installation of irrigation systems and has a dealer network across several Indian states. They also produce PVC pipes and have expanded into water supply services, aiming to contribute to projects like the "Swatch Jal Mission". RM Drip focuses on quality products and customer satisfaction, with plans to increase production capacity and market share.
Key Metrics:
Established in 1982, Expo Gas Containers Ltd is an integrated engineering and construction company specialising in the manufacturing of process plant equipment such as pressure vessels, heat exchangers, reactors, and storage tanks. They cater to industries like oil, gas, petrochemicals, and fertilisers. The company also undertakes turnkey projects, including the construction of storage tanks and piping systems, and has a manufacturing facility in Murbad, Maharashtra. Expo Gas Containers is ISO certified and approved by various regulatory bodies.
Key Metrics:
Incorporated in 1992, Adarsh Plant Protect Ltd manufactures agricultural equipment such as sprayer pumps, seed dressing drums, and fertiliser dusters. They also produce industrial packaging solutions like metal and plastic barrels. The company has diversified into the renewable energy sector by manufacturing windmill towers and components. Additionally, Adarsh Plant Protect offers customised products for various industries, including power transformers, transmission line towers, and equipment for thermal and hydroelectric power plants.
Key Metrics:
| Company | Net Profit Margin (%) |
| Narmada Macplast Drip Irrigation Systems Ltd | 42.15 |
| RM Drip & Sprinklers Systems Ltd | 10.15 |
| Sprayking Ltd | 8.72 |
| Debock Industries Ltd | 7.88 |
| New Swan Multitech Ltd | 6.14 |
India's agricultural landscape is rapidly modernising, with companies like RM Drip and Texel Industries driving innovation in irrigation and water management. High-growth stocks with strong margins and expanding infrastructure footprints present valuable opportunities for investors looking to tap into the farm mechanisation boom.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: May 11, 2025, 8:46 AM IST
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