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 ₹ 5,269 Cr.
- Current Price ₹ 271
- High / Low ₹ 294 / 186
- Stock P/E 35.8
- Book Value ₹ 94.0
- Dividend Yield 0.00 %
- ROCE 11.1 %
- ROE 8.27 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 40.2%
Cons
- Stock is trading at 2.82 times its book value
- The company has delivered a poor sales growth of 5.95% over past five years.
- Company has a low return on equity of 7.93% 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.
Peer comparison
Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,315 | 1,519 | 1,493 | 1,288 | 1,386 | 1,498 | 1,984 | 2,252 | 2,429 | 2,604 | 2,967 | 2,648 | |
1,110 | 1,269 | 1,237 | 1,079 | 1,148 | 1,270 | 1,741 | 1,987 | 2,104 | 2,323 | 2,746 | 2,337 | |
Operating Profit | 205 | 250 | 255 | 209 | 238 | 228 | 243 | 265 | 325 | 281 | 221 | 311 |
OPM % | 16% | 16% | 17% | 16% | 17% | 15% | 12% | 12% | 13% | 11% | 7% | 12% |
11 | 6 | 2 | 5 | 168 | 9 | 30 | 46 | 49 | 22 | 13 | 17 | |
Interest | 15 | 10 | 7 | 10 | 4 | 6 | 8 | 10 | 7 | 7 | 14 | 18 |
Depreciation | 29 | 36 | 45 | 38 | 42 | 41 | 46 | 62 | 64 | 74 | 91 | 114 |
Profit before tax | 173 | 209 | 206 | 165 | 359 | 191 | 219 | 239 | 304 | 222 | 128 | 196 |
Tax % | 31% | 30% | 29% | 24% | 26% | 26% | 29% | 22% | 25% | 26% | 28% | 24% |
119 | 146 | 145 | 126 | 266 | 141 | 154 | 185 | 229 | 164 | 92 | 148 | |
EPS in Rs | 6.14 | 7.53 | 7.48 | 6.49 | 13.68 | 7.28 | 7.93 | 9.54 | 11.76 | 8.45 | 4.73 | 7.61 |
Dividend Payout % | 37% | 32% | 33% | 39% | 27% | 34% | 32% | 26% | 26% | 36% | 53% | 32% |
Compounded Sales Growth | |
---|---|
10 Years: | 6% |
5 Years: | 6% |
3 Years: | 3% |
TTM: | -11% |
Compounded Profit Growth | |
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10 Years: | 0% |
5 Years: | -1% |
3 Years: | -13% |
TTM: | 60% |
Stock Price CAGR | |
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10 Years: | 3% |
5 Years: | 12% |
3 Years: | -2% |
1 Year: | 39% |
Return on Equity | |
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10 Years: | 12% |
5 Years: | 10% |
3 Years: | 8% |
Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
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Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
Reserves | 602 | 694 | 779 | 899 | 1,106 | 1,159 | 1,266 | 1,391 | 1,572 | 1,677 | 1,711 | 1,810 |
84 | 40 | 75 | 36 | 22 | 21 | 73 | 94 | 76 | 93 | 137 | 133 | |
361 | 384 | 359 | 356 | 404 | 533 | 801 | 944 | 920 | 1,069 | 931 | 1,041 | |
Total Liabilities | 1,066 | 1,137 | 1,232 | 1,310 | 1,551 | 1,733 | 2,159 | 2,447 | 2,587 | 2,858 | 2,798 | 3,003 |
372 | 395 | 373 | 342 | 350 | 351 | 581 | 593 | 631 | 771 | 758 | 1,050 | |
CWIP | 27 | 13 | 14 | 24 | 23 | 25 | 51 | 76 | 164 | 130 | 237 | 19 |
Investments | 193 | 219 | 232 | 305 | 534 | 390 | 109 | 302 | 283 | 212 | 223 | 251 |
474 | 510 | 614 | 639 | 644 | 968 | 1,419 | 1,476 | 1,508 | 1,745 | 1,580 | 1,683 | |
Total Assets | 1,066 | 1,137 | 1,232 | 1,310 | 1,551 | 1,733 | 2,159 | 2,447 | 2,587 | 2,858 | 2,798 | 3,003 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
147 | 155 | 64 | 218 | 353 | -5 | 79 | 338 | 216 | 166 | 217 | 269 | |
-39 | -65 | -42 | -134 | -275 | 95 | -51 | -246 | -162 | -103 | -142 | -102 | |
-94 | -105 | -24 | -52 | -74 | -92 | -52 | -74 | -67 | -61 | -41 | -184 | |
Net Cash Flow | 14 | -15 | -2 | 32 | 3 | -1 | -23 | 18 | -13 | 1 | 34 | -17 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
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Debtor Days | 40 | 33 | 50 | 52 | 59 | 89 | 82 | 73 | 61 | 63 | 61 | 80 |
Inventory Days | 88 | 99 | 114 | 128 | 121 | 170 | 224 | 193 | 200 | 227 | 158 | 187 |
Days Payable | 99 | 101 | 85 | 95 | 113 | 167 | 178 | 176 | 156 | 182 | 117 | 139 |
Cash Conversion Cycle | 29 | 32 | 80 | 85 | 68 | 92 | 129 | 90 | 105 | 107 | 102 | 128 |
Working Capital Days | -3 | 16 | 46 | 51 | 51 | 93 | 92 | 60 | 67 | 72 | 62 | 103 |
ROCE % | 26% | 30% | 26% | 19% | 20% | 17% | 18% | 17% | 19% | 14% | 8% |
Documents
Announcements
- Intimation Under Regulation 30 Read With Schedule III Of The SEBI (LODR) Regulations, 2015 7h
- Audio Recording Of Analysts/Investors Call Pertaining To The Audited Financial Results For The Quarter And Financial Year Ended March 31, 2024 1d
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - On April 22, 2024 has, inter alia, approved the Audited Financial Results of the Company for the quarter and financial year ended March 31, 2024. …
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Announcement under Regulation 30 (LODR)-Investor Presentation
2d - Letter dated April 10, 2024, please find enclosed a presentation for analysts/investors on the results for the quarter and financial year ended March 31, 2024 …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
2d - Copy of the Press Release with regard to the Audited Financial Results of the Company for the quarter and financial year ended March 31, 2024
Annual reports
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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
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Concalls
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Apr 2024TranscriptNotesPPT
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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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Oct 2022Transcript PPT
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Apr 2022TranscriptPPT
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Oct 2021Transcript PPT
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Jul 2021TranscriptNotesPPT
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Apr 2021TranscriptNotesPPT
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Jan 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Jul 2020Transcript PPT
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May 2020TranscriptNotesPPT
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Jan 2020Transcript PPT
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Oct 2019TranscriptNotesPPT
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Jul 2019TranscriptNotesPPT
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Jan 2019TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Apr 2017TranscriptNotesPPT
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Jan 2017TranscriptNotesPPT
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Apr 2016TranscriptNotesPPT
Parentage[1]
Managerial and operational support from TATA Chemicals Ltd (TCL) continues to benefit the company. TCL is engaged in manufacturing of soda ash, sodium bicarbonate, caustic soda and bromides. Rallis is strategically important for TCL as it is the only group company catering to agrochemical space. Further, it might be noted that TATA chemicals recently increased stake in Rallis India to 55.05% in July 2023 from 50.06% earlier further reiterating Rallis’ strategic importance to the group. In FY10, Rallis became a subsidiary of TCL; earlier, it was jointly owned by multiple Tata group companies.