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 ₹ 5,177 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.
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Farmer Connect Reach Millions |
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| Innovation Turnover Index (ITI) - Crop Care % |
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| R&D Spend ₹ Crores |
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| Number of Dealers/Trade Partners Number |
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| Number of Retailers Number |
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| New Product Launches (Crop Protection & Seeds) Number |
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| Production Volume - Seeds MT |
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| Production Volume - Technical Grade Products MT |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Communication To Shareholders - Intimation On Tax Deduction On Dividend
6m - Rallis recommends Rs 3.00 dividend per share for FY26; AGM on June 23, 2026, with TDS instructions.
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Intimation To The Holders Of Physical Securities For Furnishing KYC Details
1d - Rallis India asks physical shareholders to update PAN, bank and KYC details by SEBI requirements.
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Announcement under Regulation 30 (LODR)-Date of payment of Dividend
1d - 78th AGM on June 23, 2026; record date June 4 for ₹3 dividend.
- Intimation Of Record Date For Payment Of Dividend, If Declared At The AGM For The Financial Year 2025-26 1d
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Intimation Of 78Th Annual General Meeting Of The Company
1d - AGM on June 23, 2026; record date June 4 for ₹3 dividend, payable June 25.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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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
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
from bse
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Financial Year 2011
from nse
Concalls
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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.