Rallis India Ltd

Rallis India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rallis India Ltd

₹ 328 -0.29%
11 Dec 2:41 p.m.
rallis.com BSE: 500355 NSE: RALLIS
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

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.

Website BSE NSE
  • Market Cap ₹ 6,380 Cr.
  • Current Price ₹ 328
  • High / Low ₹ 379 / 231
  • Stock P/E 42.8
  • Book Value ₹ 98.9
  • Dividend Yield 0.76 %
  • ROCE 11.2 %
  • ROE 8.30 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 40.4%

Cons

  • Stock is trading at 3.30 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 7.94% 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

Part of Nifty Total Market BSE SmallCap BSE Allcap BSE Commodities Nifty Microcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
728 628 508 863 951 630 523 782 832 598 436 783 928
640 561 510 750 834 577 587 672 699 536 430 687 762
Operating Profit 88 67 -3 113 117 53 -64 110 133 62 6 96 166
OPM % 12% 11% -1% 13% 12% 8% -12% 14% 16% 10% 1% 12% 18%
7 5 7 5 2 2 4 3 6 2 6 5 10
Interest 1 1 1 2 2 3 5 3 3 4 8 5 3
Depreciation 18 18 20 25 22 22 23 25 26 30 33 31 30
Profit before tax 76 53 -16 91 95 30 -88 85 110 30 -29 65 143
Tax % 26% 25% -13% 26% 24% 27% -22% 26% 25% 20% -28% 26% 31%
56 40 -14 67 72 22 -69 63 82 24 -21 48 98
EPS in Rs 2.90 2.03 -0.73 3.45 3.70 1.13 -3.55 3.24 4.22 1.23 -1.08 2.47 5.04
Raw PDF

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 TTM
1,315 1,519 1,493 1,288 1,386 1,498 1,984 2,252 2,429 2,604 2,967 2,648 2,745
1,110 1,269 1,237 1,079 1,148 1,270 1,741 1,987 2,104 2,323 2,746 2,335 2,415
Operating Profit 205 250 255 209 238 228 243 265 325 281 221 313 330
OPM % 16% 16% 17% 16% 17% 15% 12% 12% 13% 11% 7% 12% 12%
11 6 2 5 168 9 30 46 49 22 13 16 23
Interest 15 10 7 10 4 6 8 10 7 7 14 19 20
Depreciation 29 36 45 38 42 41 46 62 64 74 91 114 124
Profit before tax 173 209 206 165 359 191 219 239 304 222 128 196 209
Tax % 31% 30% 29% 24% 26% 26% 29% 22% 25% 26% 28% 24%
119 146 145 126 266 141 154 185 229 164 92 148 149
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 7.60 7.66
Dividend Payout % 37% 32% 33% 39% 27% 34% 32% 26% 26% 36% 53% 33%
Compounded Sales Growth
10 Years: 6%
5 Years: 6%
3 Years: 3%
TTM: -1%
Compounded Profit Growth
10 Years: 0%
5 Years: -1%
3 Years: -13%
TTM: 53%
Stock Price CAGR
10 Years: 4%
5 Years: 14%
3 Years: 8%
1 Year: 30%
Return on Equity
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 Sep 2024
Equity Capital 19 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 1,905
84 40 75 36 22 21 73 94 76 93 137 134 68
361 384 359 356 404 533 801 944 920 1,069 931 1,040 1,117
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 3,109
372 395 373 342 350 351 581 593 631 771 758 1,008 956
CWIP 27 13 14 24 23 25 51 76 164 130 237 62 20
Investments 193 219 232 305 534 390 109 302 283 212 223 251 216
474 510 614 639 644 968 1,419 1,476 1,508 1,745 1,581 1,683 1,917
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 3,109

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 -18

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
Debtor Days 40 33 50 52 59 89 82 73 61 63 61 80
Inventory Days 88 99 114 128 121 170 224 193 200 227 158 199
Days Payable 99 101 85 95 113 167 178 176 156 182 117 148
Cash Conversion Cycle 29 32 80 85 68 92 129 90 105 107 102 131
Working Capital Days -3 16 46 51 51 93 92 60 67 72 62 69
ROCE % 26% 30% 26% 19% 20% 17% 18% 17% 19% 14% 8% 11%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 55.08% 55.08% 55.08% 55.08% 55.08%
6.03% 6.08% 6.02% 6.01% 7.00% 7.09% 7.69% 8.23% 9.21% 9.20% 9.46% 10.58%
16.41% 16.07% 15.16% 15.27% 14.87% 14.47% 13.51% 14.44% 12.83% 12.77% 13.26% 13.83%
0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41%
27.06% 27.35% 28.32% 28.20% 27.63% 27.92% 28.28% 21.84% 22.45% 22.54% 21.79% 20.09%
No. of Shareholders 1,12,0731,24,3391,36,1351,35,4661,28,5591,29,2131,36,3511,35,3521,37,3511,44,1151,38,4341,33,519

* 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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