Rallis India Ltd
Rallis India, a Tata Group company Group Co., has a history of over 150 years. The company is into manufacturing of Agrochemicals and is present across the value chain of agriculture inputs - from seeds to organic plant growth nutrients. Rallis is also in the business of contract manufacturing for global corporations. [1]
- Market Cap ₹ 5,142 Cr.
- Current Price ₹ 264
- High / Low ₹ 386 / 196
- Stock P/E 28.0
- Book Value ₹ 106
- Dividend Yield 0.95 %
- ROCE 10.1 %
- ROE 6.65 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 41.5%
Cons
- Stock is trading at 2.51 times its book value
- The company has delivered a poor sales growth of 3.41% over past five years.
- Company has a low return on equity of 6.79% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,519 | 1,493 | 1,288 | 1,386 | 1,498 | 1,984 | 2,252 | 2,429 | 2,604 | 2,967 | 2,648 | 2,663 | 2,871 | |
| 1,269 | 1,237 | 1,079 | 1,148 | 1,270 | 1,741 | 1,987 | 2,104 | 2,323 | 2,746 | 2,335 | 2,375 | 2,529 | |
| Operating Profit | 250 | 255 | 209 | 238 | 228 | 243 | 265 | 325 | 281 | 221 | 313 | 288 | 342 |
| OPM % | 16% | 17% | 16% | 17% | 15% | 12% | 12% | 13% | 11% | 7% | 12% | 11% | 12% |
| 6 | 2 | 5 | 168 | 9 | 30 | 46 | 49 | 22 | 13 | 16 | 33 | 14 | |
| Interest | 10 | 7 | 10 | 4 | 6 | 8 | 10 | 7 | 7 | 14 | 19 | 14 | 11 |
| Depreciation | 36 | 45 | 38 | 42 | 41 | 46 | 62 | 64 | 74 | 91 | 114 | 120 | 118 |
| Profit before tax | 209 | 206 | 165 | 359 | 191 | 219 | 239 | 304 | 222 | 128 | 196 | 187 | 227 |
| Tax % | 30% | 29% | 24% | 26% | 26% | 29% | 22% | 25% | 26% | 28% | 24% | 33% | |
| 146 | 145 | 126 | 266 | 141 | 154 | 185 | 229 | 164 | 92 | 148 | 125 | 167 | |
| EPS in Rs | 7.53 | 7.48 | 6.49 | 13.68 | 7.28 | 7.93 | 9.54 | 11.76 | 8.45 | 4.73 | 7.60 | 6.43 | 8.59 |
| Dividend Payout % | 32% | 33% | 39% | 27% | 34% | 32% | 26% | 26% | 36% | 53% | 33% | 39% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 3% |
| 3 Years: | 1% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -7% |
| 3 Years: | -10% |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 0% |
| 3 Years: | 8% |
| 1 Year: | 22% |
| Return on Equity | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 9% |
| 3 Years: | 7% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 694 | 779 | 899 | 1,106 | 1,159 | 1,266 | 1,391 | 1,572 | 1,677 | 1,711 | 1,810 | 1,885 | 2,033 |
| 40 | 75 | 36 | 22 | 21 | 73 | 94 | 76 | 93 | 137 | 134 | 63 | 61 | |
| 384 | 359 | 356 | 404 | 533 | 801 | 944 | 920 | 1,069 | 931 | 1,040 | 1,007 | 1,215 | |
| Total Liabilities | 1,137 | 1,232 | 1,310 | 1,551 | 1,733 | 2,159 | 2,447 | 2,587 | 2,858 | 2,798 | 3,003 | 2,974 | 3,328 |
| 395 | 373 | 342 | 350 | 351 | 581 | 593 | 631 | 771 | 758 | 1,008 | 904 | 901 | |
| CWIP | 13 | 14 | 24 | 23 | 25 | 51 | 76 | 164 | 130 | 237 | 62 | 52 | 13 |
| Investments | 219 | 232 | 305 | 534 | 390 | 109 | 302 | 283 | 212 | 223 | 251 | 412 | 433 |
| 510 | 614 | 639 | 644 | 968 | 1,419 | 1,476 | 1,508 | 1,745 | 1,581 | 1,683 | 1,607 | 1,981 | |
| Total Assets | 1,137 | 1,232 | 1,310 | 1,551 | 1,733 | 2,159 | 2,447 | 2,587 | 2,858 | 2,798 | 3,003 | 2,974 | 3,328 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 155 | 64 | 218 | 353 | -5 | 79 | 338 | 216 | 166 | 217 | 269 | 295 | |
| -65 | -42 | -134 | -275 | 95 | -51 | -246 | -162 | -103 | -142 | -102 | -214 | |
| -105 | -24 | -52 | -74 | -92 | -52 | -74 | -67 | -61 | -41 | -184 | -80 | |
| Net Cash Flow | -15 | -2 | 32 | 3 | -1 | -23 | 18 | -13 | 1 | 34 | -18 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 33 | 50 | 52 | 59 | 89 | 82 | 73 | 61 | 63 | 61 | 80 | 74 |
| Inventory Days | 99 | 114 | 128 | 121 | 170 | 224 | 193 | 200 | 227 | 158 | 199 | 185 |
| Days Payable | 101 | 85 | 95 | 113 | 167 | 178 | 176 | 156 | 182 | 117 | 148 | 134 |
| Cash Conversion Cycle | 32 | 80 | 85 | 68 | 92 | 129 | 90 | 105 | 107 | 102 | 131 | 126 |
| Working Capital Days | 12 | 36 | 50 | 51 | 93 | 82 | 50 | 61 | 62 | 48 | 67 | 63 |
| ROCE % | 30% | 26% | 19% | 20% | 17% | 18% | 17% | 19% | 14% | 8% | 11% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
9 Feb - Ashok Sharma appointed Independent Director effective Feb 10, 2026 for five-year term.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
9 Feb - Members approved appointment of Mahesh Kumar Girdhar as Independent Director, passed Feb 8, 2026 via postal ballot.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
9 Feb - Appointment of Mr. Mahesh Kumar Girdhar (DIN:10270848) as Independent Director passed Feb 8, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4 Feb - Details of the scheduled meetings with Analysts / Institutional Investors.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
28 Jan - Is copy of the transcript of the earnings call held on Wednesday, January 21, 2026.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
from bse
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Financial Year 2017
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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Jan 2026Transcript PPT
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Oct 2025Transcript PPT
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Jul 2025Transcript PPT
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Apr 2025Transcript PPT REC
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Feb 2025TranscriptAI SummaryPPT
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Jan 2025TranscriptPPT
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT REC
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Jul 2024Transcript PPT
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Apr 2024Transcript PPT REC
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Jan 2024Transcript PPT
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Nov 2023Transcript PPT
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Jul 2023Transcript PPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Oct 2022Transcript PPT
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Jul 2022Transcript PPT
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Apr 2022TranscriptPPT
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Apr 2022Transcript PPT
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Jan 2022Transcript PPT
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Oct 2021Transcript PPT
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Jul 2021TranscriptAI SummaryPPT
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Apr 2021Transcript PPT
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Jan 2021TranscriptAI SummaryPPT
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Oct 2020TranscriptAI SummaryPPT
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Jul 2020Transcript PPT
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May 2020Transcript PPT
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Jan 2020Transcript PPT
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Oct 2019TranscriptAI SummaryPPT
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Jul 2019TranscriptAI SummaryPPT
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Jan 2019TranscriptAI SummaryPPT
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Oct 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Apr 2017TranscriptAI SummaryPPT
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Jan 2017TranscriptAI SummaryPPT
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Apr 2016TranscriptAI SummaryPPT
Business Overview[1]
Company is part of the Tata group, one of the leading players in the domestic crop protection sector and manufactures insecticides, herbicides, and fungicides at its factories. These agrochemicals are sold in 80% of India’s districts through an extensive distribution network. The Rallis Innovation Chemistry Hub (RICH) caters to domestic and global requirements.