Rallis India Ltd

Rallis India Ltd

₹ 266 0.09%
14 May - close price
About

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]

Key Points

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.

  • Market Cap 5,177 Cr.
  • Current Price 266
  • High / Low 386 / 216
  • Stock P/E 25.7
  • Book Value 105
  • Dividend Yield 1.13 %
  • ROCE 14.0 %
  • ROE 10.2 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 34.2%

Cons

  • Stock is trading at 2.54 times its book value
  • The company has delivered a poor sales growth of 3.58% over past five years.
  • Company has a low return on equity of 8.43% over last 3 years.
  • Working capital days have increased from 86.7 days to 131 days

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
523 782 832 598 436 783 928 522 430 957 861 623 456
587 672 699 536 430 687 762 478 450 807 707 565 457
Operating Profit -64 110 133 62 6 96 166 44 -20 150 154 58 -1
OPM % -12% 14% 16% 10% 1% 12% 18% 8% -5% 16% 18% 9% -0%
4 3 6 2 6 5 10 6 12 12 16 -26 14
Interest 5 3 3 4 8 5 3 2 2 4 3 2 1
Depreciation 23 25 26 30 33 31 30 29 30 29 30 29 29
Profit before tax -88 85 110 30 -29 65 143 19 -40 129 137 1 -17
Tax % -22% 26% 25% 20% -28% 26% 31% 42% -20% 26% 26% -100% -12%
-69 63 82 24 -21 48 98 11 -32 95 102 2 -15
EPS in Rs -3.55 3.24 4.22 1.23 -1.08 2.47 5.04 0.57 -1.65 4.89 5.25 0.10 -0.77
Raw PDF

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
1,493 1,288 1,386 1,498 1,984 2,252 2,429 2,604 2,967 2,648 2,663 2,897
1,237 1,079 1,148 1,270 1,741 1,987 2,104 2,323 2,746 2,335 2,375 2,536
Operating Profit 255 209 238 228 243 265 325 281 221 313 288 361
OPM % 17% 16% 17% 15% 12% 12% 13% 11% 7% 12% 11% 12%
2 5 168 9 30 46 49 22 13 16 33 16
Interest 7 10 4 6 8 10 7 7 14 19 14 10
Depreciation 45 38 42 41 46 62 64 74 91 114 120 117
Profit before tax 206 165 359 191 219 239 304 222 128 196 187 250
Tax % 29% 24% 26% 26% 29% 22% 25% 26% 28% 24% 33% 26%
145 126 266 141 154 185 229 164 92 148 125 184
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
Dividend Payout % 33% 39% 27% 34% 32% 26% 26% 36% 53% 33% 39% 31%
Compounded Sales Growth
10 Years: 8%
5 Years: 4%
3 Years: -1%
TTM: 9%
Compounded Profit Growth
10 Years: 5%
5 Years: -2%
3 Years: 30%
TTM: 63%
Stock Price CAGR
10 Years: 3%
5 Years: -3%
3 Years: 12%
1 Year: -9%
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 1,008 904 871
CWIP 14 24 23 25 51 76 164 130 237 62 52 11
Investments 232 305 534 390 109 302 283 212 223 251 412 506
614 639 644 968 1,419 1,476 1,508 1,745 1,581 1,683 1,607 1,957
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 114 128 121 170 224 193 200 227 158 199 185 203
Days Payable 85 95 113 167 178 176 156 182 117 148 134 154
Cash Conversion Cycle 80 85 68 92 129 90 105 107 102 131 126 126
Working Capital Days 36 50 51 93 82 50 61 62 48 67 63 131
ROCE % 26% 19% 20% 17% 18% 17% 19% 14% 8% 11% 10% 14%

Insights

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Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
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Innovation Turnover Index (ITI) - Crop Care
%
R&D Spend
₹ Crores
Number of Dealers/Trade Partners
Number
Number of Retailers
Number
New Product Launches (Crop Protection & Seeds)
Number
Production Volume - Seeds
MT
Production Volume - Technical Grade Products
MT
R&D Expenditure (Percentage of Turnover)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
50.09% 55.08% 55.08% 55.08% 55.08% 55.08% 55.08% 55.08% 55.08% 55.08% 55.08% 55.08%
7.69% 8.23% 9.21% 9.20% 9.46% 10.58% 11.86% 11.41% 11.28% 14.20% 12.08% 11.55%
13.51% 14.44% 12.83% 12.77% 13.26% 13.83% 13.29% 13.78% 13.84% 11.20% 11.30% 11.32%
0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41%
28.28% 21.84% 22.45% 22.54% 21.79% 20.09% 19.35% 19.31% 19.37% 19.12% 21.14% 21.64%
No. of Shareholders 1,36,3511,35,3521,37,3511,44,1151,38,4341,33,5191,35,5761,36,2411,28,4371,26,6361,35,0101,29,225

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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