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 ₹ 4,128 Cr.
- Current Price ₹ 212
- High / Low ₹ 386 / 208
- Stock P/E 18.1
- Book Value ₹ 105
- Dividend Yield 1.41 %
- ROCE 14.1 %
- ROE 10.2 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 34.5%
Cons
- The company has delivered a poor sales growth of 3.58% over past five years.
- Company has a low return on equity of 8.41% 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,493 | 1,288 | 1,386 | 1,498 | 1,984 | 2,252 | 2,429 | 2,604 | 2,967 | 2,648 | 2,663 | 2,897 | 2,962 | |
| 1,237 | 1,079 | 1,148 | 1,270 | 1,741 | 1,987 | 2,104 | 2,323 | 2,746 | 2,335 | 2,375 | 2,534 | 2,566 | |
| Operating Profit | 255 | 209 | 238 | 228 | 243 | 265 | 325 | 281 | 221 | 313 | 288 | 362 | 396 |
| OPM % | 17% | 16% | 17% | 15% | 12% | 12% | 13% | 11% | 7% | 12% | 11% | 13% | 13% |
| 2 | 5 | 168 | 9 | 30 | 46 | 49 | 22 | 13 | 16 | 33 | 16 | 19 | |
| Interest | 7 | 10 | 4 | 6 | 8 | 10 | 7 | 7 | 14 | 19 | 14 | 11 | 8 |
| Depreciation | 45 | 38 | 42 | 41 | 46 | 62 | 64 | 74 | 91 | 114 | 120 | 117 | 118 |
| Profit before tax | 206 | 165 | 359 | 191 | 219 | 239 | 304 | 222 | 128 | 196 | 187 | 250 | 289 |
| Tax % | 29% | 24% | 26% | 26% | 29% | 22% | 25% | 26% | 28% | 24% | 33% | 27% | |
| 145 | 126 | 266 | 141 | 154 | 185 | 229 | 164 | 92 | 148 | 125 | 184 | 214 | |
| EPS in Rs | 7.48 | 6.49 | 13.68 | 7.28 | 7.93 | 9.54 | 11.76 | 8.45 | 4.73 | 7.60 | 6.43 | 9.46 | 11.01 |
| Dividend Payout % | 33% | 39% | 27% | 34% | 32% | 26% | 26% | 36% | 53% | 33% | 39% | 32% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 4% |
| 3 Years: | -1% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | -2% |
| 3 Years: | 30% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | -5% |
| 3 Years: | -1% |
| 1 Year: | -42% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 779 | 899 | 1,106 | 1,159 | 1,266 | 1,391 | 1,572 | 1,677 | 1,711 | 1,810 | 1,885 | 2,024 |
| 75 | 36 | 22 | 21 | 73 | 94 | 76 | 93 | 137 | 134 | 63 | 61 | |
| 359 | 356 | 404 | 533 | 801 | 944 | 920 | 1,069 | 931 | 1,040 | 1,007 | 1,241 | |
| Total Liabilities | 1,232 | 1,310 | 1,551 | 1,733 | 2,159 | 2,447 | 2,587 | 2,858 | 2,798 | 3,003 | 2,974 | 3,345 |
| 373 | 342 | 350 | 351 | 581 | 593 | 631 | 771 | 758 | 1,008 | 904 | 849 | |
| CWIP | 14 | 24 | 23 | 25 | 51 | 76 | 164 | 130 | 237 | 62 | 52 | 32 |
| Investments | 232 | 305 | 534 | 390 | 109 | 302 | 283 | 212 | 223 | 251 | 412 | 505 |
| 614 | 639 | 644 | 968 | 1,419 | 1,476 | 1,508 | 1,745 | 1,581 | 1,683 | 1,607 | 1,958 | |
| Total Assets | 1,232 | 1,310 | 1,551 | 1,733 | 2,159 | 2,447 | 2,587 | 2,858 | 2,798 | 3,003 | 2,974 | 3,345 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64 | 218 | 353 | -5 | 79 | 338 | 216 | 166 | 217 | 269 | 295 | 172 | |
| -42 | -134 | -275 | 95 | -51 | -246 | -162 | -103 | -142 | -102 | -214 | -95 | |
| -24 | -52 | -74 | -92 | -52 | -74 | -67 | -61 | -41 | -184 | -80 | -66 | |
| Net Cash Flow | -2 | 32 | 3 | -1 | -23 | 18 | -13 | 1 | 34 | -18 | 1 | 11 |
| Free Cash Flow | 34 | 161 | 302 | -54 | 33 | 272 | 58 | -15 | 31 | 188 | 224 | 143 |
| CFO/OP | 49% | 121% | 181% | 24% | 62% | 149% | 89% | 83% | 121% | 105% | 121% | 66% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 50 | 52 | 59 | 89 | 82 | 73 | 61 | 63 | 61 | 80 | 74 | 78 |
| Inventory Days | 114 | 128 | 121 | 170 | 224 | 193 | 200 | 227 | 158 | 199 | 185 | 217 |
| Days Payable | 85 | 95 | 113 | 167 | 178 | 176 | 156 | 182 | 117 | 148 | 134 | 164 |
| Cash Conversion Cycle | 80 | 85 | 68 | 92 | 129 | 90 | 105 | 107 | 102 | 131 | 126 | 130 |
| Working Capital Days | 36 | 50 | 51 | 93 | 82 | 50 | 61 | 62 | 48 | 67 | 63 | 68 |
| ROCE % | 26% | 19% | 20% | 17% | 18% | 17% | 19% | 14% | 8% | 11% | 10% | 14% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Spend (Total) Rs Crore |
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| Innovation Turnover Index (ITI) - Crop Care % |
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| New Product Launches (Annual) Count |
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| Number of Retailers Count |
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| Number of Dealers Count |
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| Farmers Connected Million |
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| Plant Capacity Utilization % |
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| Exports as % of Total Revenue % |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
- Bhaskar Swaminathan exits as CFO on Nov 4, 2026; Sridhar Radhakrishnan appointed CFO effective same date.
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Board Meeting Outcome for Outcome Of Board Meeting
- Bhaskar Swaminathan exits as CFO effective Nov 4, 2026; Sridhar Radhakrishnan appointed CFO.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Rallis India schedules one-on-one investor meetings with Tata AMC, ICICI Prudential AMC, Jio BlackRock AMC, and Antique Broking.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement for special window for relodgement of transfer requests of physical shares
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- Rallis India appoints S R B C & CO LLP as statutory auditors from 79th AGM to 84th AGM, subject to approval.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Jul 2026Transcript PPT REC
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May 2026Transcript PPT REC
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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.