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 ₹ 4,484 Cr.
- Current Price ₹ 231
- High / Low ₹ 386 / 216
- Stock P/E 28.4
- Book Value ₹ 87.2
- Dividend Yield 1.30 %
- ROCE 12.8 %
- ROE 9.61 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 29.1%
Cons
- The company has delivered a poor sales growth of 9.38% over past five years.
- Company has a low return on equity of 12.1% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,068 | 1,245 | 1,423 | 1,693 | 1,738 | 1,529 | 1,664 | 1,791 | 1,984 | 2,252 | 2,429 | 2,604 | |
| 873 | 1,039 | 1,211 | 1,429 | 1,458 | 1,298 | 1,397 | 1,524 | 1,740 | 1,989 | 2,105 | 2,323 | |
| Operating Profit | 194 | 206 | 213 | 264 | 280 | 231 | 266 | 267 | 244 | 263 | 325 | 281 |
| OPM % | 18% | 17% | 15% | 16% | 16% | 15% | 16% | 15% | 12% | 12% | 13% | 11% |
| 14 | -10 | 12 | 6 | 3 | 14 | 170 | 13 | 30 | 46 | 49 | 22 | |
| Interest | 7 | 17 | 21 | 15 | 12 | 16 | 9 | 7 | 8 | 10 | 7 | 7 |
| Depreciation | 17 | 29 | 32 | 41 | 50 | 44 | 48 | 46 | 46 | 62 | 64 | 74 |
| Profit before tax | 184 | 149 | 172 | 214 | 222 | 186 | 380 | 227 | 220 | 237 | 304 | 222 |
| Tax % | 31% | 33% | 31% | 29% | 28% | 21% | 22% | 26% | 30% | 23% | 25% | 26% |
| 126 | 101 | 119 | 153 | 157 | 147 | 297 | 167 | 155 | 184 | 229 | 164 | |
| EPS in Rs | 6.48 | 5.10 | 6.12 | 7.81 | 8.08 | 7.37 | 15.30 | 8.62 | 7.99 | 9.50 | 11.75 | 8.44 |
| Dividend Payout % | 31% | 43% | 38% | 31% | 31% | 34% | 25% | 29% | 31% | 26% | 26% | 36% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 9% |
| 3 Years: | 9% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | -2% |
| 3 Years: | 1% |
| TTM: | -26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | -7% |
| 3 Years: | 3% |
| 1 Year: | -35% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 13% |
| 3 Years: | 12% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 485 | 534 | 601 | 699 | 795 | 869 | 1,092 | 1,171 | 1,266 | 1,390 | 1,571 | 1,677 |
| 117 | 154 | 131 | 77 | 125 | 90 | 39 | 25 | 73 | 94 | 76 | 93 | |
| 395 | 414 | 438 | 502 | 496 | 506 | 559 | 763 | 804 | 945 | 922 | 1,069 | |
| Total Liabilities | 1,017 | 1,121 | 1,190 | 1,297 | 1,436 | 1,484 | 1,709 | 1,978 | 2,163 | 2,448 | 2,589 | 2,858 |
| 348 | 517 | 555 | 604 | 595 | 564 | 574 | 574 | 581 | 593 | 631 | 771 | |
| CWIP | 159 | 60 | 35 | 21 | 26 | 40 | 42 | 47 | 51 | 76 | 164 | 130 |
| Investments | 26 | 23 | 20 | 25 | 24 | 28 | 239 | 96 | 109 | 302 | 283 | 212 |
| 484 | 522 | 580 | 647 | 790 | 851 | 854 | 1,261 | 1,422 | 1,477 | 1,510 | 1,745 | |
| Total Assets | 1,017 | 1,121 | 1,190 | 1,297 | 1,436 | 1,484 | 1,709 | 1,978 | 2,163 | 2,448 | 2,589 | 2,858 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 88 | 94 | 145 | 176 | 68 | 232 | 408 | 41 | 80 | 337 | 217 | 166 | |
| -134 | -74 | -40 | -76 | -54 | -147 | -289 | 89 | -51 | -246 | -161 | -104 | |
| 46 | -24 | -90 | -119 | -17 | -59 | -80 | -104 | -52 | -74 | -67 | -61 | |
| Net Cash Flow | 0 | -4 | 15 | -19 | -2 | 26 | 39 | 26 | -23 | 17 | -12 | 0 |
| Free Cash Flow | -40 | 41 | 110 | 117 | 25 | 172 | 352 | -16 | 34 | 271 | 59 | -15 |
| CFO/OP | 82% | 66% | 68% | 89% | 47% | 118% | 185% | 41% | 62% | 150% | 90% | 83% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 36 | 30 | 42 | 36 | 52 | 54 | 58 | 81 | 83 | 73 | 61 | 63 |
| Inventory Days | 141 | 143 | 111 | 119 | 146 | 171 | 166 | 224 | 224 | 193 | 200 | 227 |
| Days Payable | 165 | 130 | 104 | 110 | 107 | 116 | 139 | 206 | 178 | 176 | 156 | 182 |
| Cash Conversion Cycle | 12 | 43 | 49 | 45 | 91 | 109 | 86 | 100 | 129 | 90 | 105 | 107 |
| Working Capital Days | -13 | -5 | -11 | 8 | 31 | 43 | 45 | 80 | 82 | 50 | 61 | 62 |
| ROCE % | 36% | 27% | 25% | 29% | 27% | 21% | 22% | 20% | 18% | 16% | 18% | 13% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| R&D Spend (Total) Rs Crore |
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| Innovation Turnover Index (ITI) - Crop Care % |
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| New Product Launches (Annual) Count |
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| Number of Retailers Count |
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| Number of Dealers Count |
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| Farmers Connected Million |
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| Plant Capacity Utilization % |
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| Exports as % of Total Revenue % |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9 Jul - Intimation of Earnings Call pertaining to the Unaudited Financial Results for the quarter ended June 30, 2026.
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Board Meeting Intimation for Board Meeting Intimation For The Approval Of The Unaudited Financial Results Of The Company For The Quarter Ending June 30, 2026
9 Jul - Board meeting on July 20, 2026 to consider Q1 FY27 unaudited financial results; trading window closed till July 22.
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Intimation Under Regulation 30 Read With Schedule III Of The SEBI (LODR) Regulations, 2015 ('SEBI Listing Regulations')
9 Jul - SES ESG assigned Rallis India an adjusted ESG score of 72.3 for FY2025-26.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Jul - The details of securities dematerialised/rematerialised for the quarter ended June 30, 2026, have been furnished to all the stock exchanges where the shares of the …
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Announcement under Regulation 30 (LODR)-Change in Management
25 Jun - Velmurugan Ramadass appointed Business Head- Seeds from June 29, 2026; two senior managers cease July 1, 2026.
Annual reports
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Financial Year 2026
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Financial Year 2025
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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
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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.