Rallis India Ltd

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

Market share
Crop protection and plant growth nutrients have a market share of 6% in the domestic market and Seeds have a market share of 3% in the domestic market. [1]
In FY20, the co. had a 12% share in the global metribuzin market which is expected to increase with recent capacity expansions. [2]

Read More
  • Market Cap 4,843 Cr.
  • Current Price 249
  • High / Low 363 / 244
  • Stock P/E 25.9
  • Book Value 85.8
  • Dividend Yield 1.20 %
  • ROCE 18.2 %
  • ROE 14.2 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 27.71%

Cons

  • The company has delivered a poor sales growth of 9.70% over past five years.
  • Company has a low return on equity of 13.53% for last 3 years.
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
417 340 623 749 534 346 663 725 570 471 741 728
390 333 528 630 478 356 534 608 510 454 619 640
Operating Profit 28 7 95 119 56 -10 128 117 60 18 122 88
OPM % 7% 2% 15% 16% 10% -3% 19% 16% 11% 4% 16% 12%
Other Income 6 11 8 7 10 21 12 15 14 10 7 7
Interest 2 2 2 2 2 1 2 1 1 1 1 1
Depreciation 12 11 14 19 16 13 18 20 11 15 18 18
Profit before tax 20 6 87 105 48 -3 120 110 62 12 109 76
Tax % 30% 76% 22% 19% 21% 126% 24% 24% 26% 30% 25% 26%
Net Profit 14 2 68 86 38 1 92 83 46 8 82 56
EPS in Rs 0.71 0.08 3.48 4.41 1.96 0.03 4.72 4.27 2.35 0.42 4.23 2.90

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
864 1,068 1,245 1,423 1,693 1,738 1,529 1,664 1,791 1,984 2,252 2,429 2,510
715 873 1,039 1,211 1,429 1,458 1,298 1,397 1,524 1,740 1,989 2,105 2,223
Operating Profit 149 194 206 213 264 280 231 266 267 244 263 325 287
OPM % 17% 18% 17% 15% 16% 16% 15% 16% 15% 12% 12% 13% 11%
Other Income 28 14 -10 12 6 3 14 170 13 30 46 49 38
Interest 6 7 17 21 15 12 16 9 7 8 10 7 4
Depreciation 18 17 29 32 41 50 44 48 46 46 62 64 62
Profit before tax 153 184 149 172 214 222 186 380 227 220 237 304 259
Tax % 34% 31% 33% 31% 29% 28% 21% 22% 26% 30% 23% 25%
Net Profit 101 126 99 119 152 157 143 297 168 155 185 229 193
EPS in Rs 5.22 6.48 5.10 6.12 7.81 8.08 7.37 15.30 8.62 7.99 9.50 11.75 9.90
Dividend Payout % 23% 31% 43% 38% 31% 31% 34% 25% 29% 31% 26% 26%
Compounded Sales Growth
10 Years: 9%
5 Years: 10%
3 Years: 11%
TTM: 11%
Compounded Profit Growth
10 Years: 5%
5 Years: 8%
3 Years: 8%
TTM: -7%
Stock Price CAGR
10 Years: 5%
5 Years: 4%
3 Years: 15%
1 Year: -12%
Return on Equity
10 Years: 18%
5 Years: 16%
3 Years: 14%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
13 19 19 19 19 19 19 19 19 19 19 19 19
Reserves 411 485 534 601 699 795 869 1,092 1,171 1,266 1,390 1,571 1,650
Borrowings 8 117 154 131 77 125 90 39 25 73 94 76 96
304 395 414 438 502 496 506 559 763 804 945 922 1,085
Total Liabilities 737 1,017 1,121 1,190 1,297 1,436 1,484 1,709 1,978 2,163 2,448 2,589 2,851
153 348 517 555 604 595 564 574 574 581 593 631 728
CWIP 112 159 60 35 21 26 40 42 47 51 76 164 140
Investments 140 26 23 20 25 24 28 239 96 109 302 283 228
332 484 522 580 647 790 851 854 1,261 1,422 1,477 1,510 1,756
Total Assets 737 1,017 1,121 1,190 1,297 1,436 1,484 1,709 1,978 2,163 2,448 2,589 2,851

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
215 88 94 145 176 68 232 408 41 80 337 217
-91 -134 -74 -40 -76 -54 -147 -289 89 -51 -246 -162
-120 46 -24 -90 -119 -17 -59 -80 -104 -52 -74 -67
Net Cash Flow 4 0 -4 15 -19 -2 26 39 26 -23 17 -12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 32 36 30 42 36 52 54 58 81 83 73 61
Inventory Days 116 141 143 111 119 146 171 166 224 224 193 200
Days Payable 160 165 130 104 110 107 116 139 206 178 176 156
Cash Conversion Cycle -12 12 43 49 45 91 109 86 100 129 90 105
Working Capital Days 4 -2 16 20 19 51 58 48 81 93 61 68
ROCE % 37% 36% 27% 26% 30% 27% 21% 22% 20% 18% 16% 18%

Shareholding Pattern

Numbers in percentages

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09 50.09
3.79 4.00 4.49 4.67 4.41 4.89 4.34 6.55 8.16 7.58 7.12 6.56
19.75 19.57 18.03 17.95 17.90 18.87 19.44 17.05 16.01 15.94 17.34 16.19
0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41 0.41
25.95 25.93 26.98 26.88 27.18 25.74 25.71 25.89 25.32 25.97 25.04 26.75

Documents