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Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹4419 Cr.
Stock P/E
24
P/B
2.2
Current Price
₹227.2
Book Value
₹ 105.1
Face Value
1
52W High
₹385.6
52W Low
₹ 216.1
Dividend Yield
1.32%

Rallis India Overview

Business

Rallis India Ltd. is an Indian agrochemical company. Its core business involves the manufacturing, distribution, and marketing of a wide range of agricultural inputs. This includes crop protection products (insecticides, fungicides, herbicides), plant nutrition products, seeds, and various farm care solutions. The company operates on a business-to-farmer (B2F) model, developing and selling products designed to enhance crop yield and quality, thereby improving farm productivity and farmer income. It makes money primarily through the sales of these agricultural inputs.

Revenue Mix

While specific percentages fluctuate, Rallis India's revenue is generally derived from three primary segments:

Crop Protection: This is the largest segment, encompassing the sale of insecticides, fungicides, and herbicides.

Seeds: The company offers a portfolio of seeds for various crops.

Plant Nutrition & Specialty Products: This includes micronutrients, plant growth regulators, and other yield-enhancing inputs.

(Specific revenue contributions are not publicly available in a fixed format, but Crop Protection typically forms the dominant share).

Industry

Rallis India operates in the Indian Pesticides & Agrochemicals industry, which is characterized by a mix of domestic and multinational players. The industry is highly dependent on agricultural cycles, especially monsoon patterns in India, and is subject to significant regulatory oversight. Rallis India is a prominent player within the domestic market, leveraging its extensive distribution network and long-standing presence. Being part of the Tata Group provides it with a strong brand legacy, financial backing, and a reputation for corporate governance, positioning it favorably among domestic peers, though it competes with larger global players as well.

MOAT

Brand & Trust: Association with the Tata Group instills a high level of trust and brand recall among farmers and stakeholders. Rallis itself has a long operational history.

Extensive Distribution Network: A robust and wide-reaching distribution network, crucial for reaching diverse farmer communities across India, provides a significant logistical advantage.

R&D and Product Portfolio: Capabilities in R&D allow for the development of new formulations and generic products, expanding its product basket and catering to evolving agricultural needs.

Integrated Operations: Presence across the value chain from manufacturing to distribution, offering some cost efficiencies and quality control.

Growth Drivers

Increasing Food Demand: Growing population and rising incomes drive the need for higher agricultural output, necessitating the use of crop protection and nutrition products.

Agricultural Productivity Enhancement: Focus on improving yield per acre due to limited arable land drives adoption of advanced inputs.

New Product Launches: Introduction of new and effective agrochemical molecules and seed varieties can capture market share.

Government Initiatives: Policy support for agriculture, such as irrigation schemes, credit availability, and minimum support prices, can boost farmer income and input demand.

Climate Change & Pest Dynamics: Shifting weather patterns can lead to new pest and disease outbreaks, increasing demand for specific crop protection solutions.

Risks

Monsoon Dependence: Indian agriculture is heavily reliant on timely and adequate monsoons; poor rainfall can significantly impact demand for agrochemicals.

Regulatory Changes: Stricter environmental norms, bans on certain active ingredients, or changes in registration processes can impact product portfolios and operations.

Commodity Price Volatility: Fluctuations in agricultural commodity prices can affect farmer income, influencing their purchasing power for inputs.

Raw Material Price Fluctuations: Volatility in the prices of key chemical intermediates can impact manufacturing costs and margins.

Intense Competition: The presence of numerous domestic and international players can lead to price pressure and impact profitability.

Counterfeit Products: The market for counterfeit agrochemicals poses a threat to legitimate sales and brand reputation.

Management & Ownership

Rallis India is a part of the Tata Group, with Tata Chemicals Ltd. being the promoter and majority shareholder. This implies professional management practices and a commitment to strong corporate governance standards inherent to the Tata philosophy. The management team is typically comprised of experienced professionals with expertise in the chemical and agricultural sectors.

Outlook

Rallis India's outlook is tied to the broader health of the Indian agricultural sector. A favorable monsoon season, stable agricultural commodity prices, and supportive government policies could drive robust demand for its products, aiding growth in its crop protection and seeds segments. The company's strong brand, extensive distribution, and R&D focus position it to capitalize on the ongoing need for agricultural productivity enhancements. However, the business faces inherent risks from erratic weather patterns, evolving regulatory landscape, and intense competition which can pressure margins. The ability to introduce new, effective, and environmentally compliant products will be key to sustained performance, while managing raw material costs and strengthening farmer relationships remains crucial.

Rallis India Share Price

Live · BSE / NSE · Inception: 1948
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Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Rallis India Quarterly Results

#(Fig in Cr.) Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Net Sales 598 436 783 928 522 430 957 861 623 456
Other Income 2 6 5 10 6 11 12 10 9 11
Total Income 600 442 788 938 528 441 969 871 632 467
Total Expenditure 536 430 687 762 478 450 807 707 565 457
Operating Profit 64 12 101 176 50 -9 162 164 67 10
Interest 4 8 5 3 2 2 4 3 2 1
Depreciation 30 33 31 30 29 30 29 30 29 29
Exceptional Income / Expenses 0 0 0 0 0 1 0 6 -35 3
Profit Before Tax 30 -29 65 143 19 -40 129 137 1 -17
Provision for Tax 6 -8 17 45 8 -8 34 35 -1 -2
Profit After Tax 24 -21 48 98 11 -32 95 102 2 -15
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 24 -21 48 98 11 -32 95 102 2 -15
Adjusted Earnings Per Share 1.3 -1.1 2.5 5.2 0.6 -1.7 5 5.4 0.1 -0.8

Rallis India Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 1288 1386 1498 1984 2251 2429 2604 2967 2648 2663 2897 2897
Other Income 5 11 9 31 34 40 30 13 16 32 43 42
Total Income 1293 1396 1507 2014 2286 2470 2633 2980 2664 2695 2940 2939
Total Expenditure 1079 1149 1270 1742 1987 2105 2330 2747 2336 2375 2535 2536
Operating Profit 213 248 237 273 299 365 303 233 328 320 405 403
Interest 10 4 6 8 10 7 7 14 19 14 11 10
Depreciation 38 42 41 46 62 64 74 91 114 120 117 117
Exceptional Income / Expenses 0 158 0 0 11 9 0 1 1 1 -26 -26
Profit Before Tax 165 359 191 219 239 304 222 128 196 187 250 250
Provision for Tax 39 93 50 64 54 75 58 36 48 62 66 66
Profit After Tax 126 266 141 154 185 229 164 92 148 125 184 184
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 126 266 141 154 185 229 164 92 148 125 184 184
Adjusted Earnings Per Share 6.5 13.7 7.3 7.9 9.5 11.8 8.4 4.7 7.6 6.4 9.5 9.7

Rallis India Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 918 1125 1179 1286 1410 1591 1697 1730 1829 1904 2043
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 21 21 18 16 12 8 4 3 1 1 0
Other Non-Current Liabilities 52 299 253 267 155 162 875 565 688 694 620
Total Current Liabilities 318 568 777 1125 959 918 1148 1289 1334 1278 1580
Total Liabilities 1310 2014 2227 2693 2536 2679 3724 3587 3852 3877 4243
Fixed Assets 342 344 345 575 593 631 771 758 1006 902 849
Other Non-Current Assets 467 692 637 397 329 391 1088 884 750 799 729
Total Current Assets 499 971 1232 1721 1610 1654 1861 1941 2093 2175 2664
Total Assets 1310 2014 2227 2693 2536 2679 3724 3587 3852 3877 4243

Rallis India Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents -32 1 4 27 4 22 9 10 44 27 28
Cash Flow from Operating Activities 218 353 -5 79 338 216 166 217 269 295 172
Cash Flow from Investing Activities -134 -275 95 -51 -246 -162 -103 -142 -102 -214 -95
Cash Flow from Financing Activities -52 -74 -92 -51 -74 -67 -61 -41 -184 -80 -66
Net Cash Inflow / Outflow 32 3 -1 -23 18 -13 1 34 -18 1 11
Closing Cash & Cash Equivalent 1 4 3 4 22 9 10 44 27 28 39

Rallis India Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 6.49 13.68 7.28 7.93 9.54 11.76 8.45 4.73 7.6 6.43 9.45
CEPS(Rs) 8.43 15.85 9.36 10.3 12.7 15.05 12.27 9.42 13.47 12.63 15.48
DPS(Rs) 2.5 3.75 2.5 2.5 2.5 3 3 2.5 2.5 2.5 3
Book NAV/Share(Rs) 47.22 57.87 60.62 66.12 72.51 81.83 87.25 88.95 94.06 97.9 105.04
Core EBITDA Margin(%) 15.04 15.91 15.07 9.23 11.76 10.51 8.47 5.81 8.87 8.33 9.91
EBIT Margin(%) 12.65 24.41 12.98 8.64 11.06 10.05 7.09 3.75 6.1 5.8 7.17
Pre Tax Margin(%) 11.91 24.11 12.62 8.34 10.63 9.84 6.88 3.39 5.56 5.4 6.86
PAT Margin (%) 9.1 17.85 9.33 5.88 8.24 7.41 5.08 2.43 4.2 3.62 5.04
Cash Profit Margin (%) 11.83 20.68 12.01 7.64 10.97 9.48 7.38 4.85 7.44 7.1 8.25
ROA(%) 8.7 16.01 6.67 6.27 7.09 8.77 5.13 2.52 3.98 3.24 4.53
ROE(%) 14.7 26.03 12.28 12.51 13.76 15.24 9.99 5.37 8.31 6.7 9.32
ROCE(%) 19.2 34.63 16.77 17.71 17.58 19.97 13.53 7.91 11.71 10.73 13.23
Receivable days 51.23 50.04 71.17 56.63 72.81 50.63 48.09 45.56 55.86 59.14 57.86
Inventory Days 70.29 61.47 74.56 72.95 111.24 86.46 95.99 83.5 82.97 82.27 85.52
Payable days 105.92 103.53 134.92 150.33 161.59 161.22 163 133.37 140.08 126.65 126.2
PER(x) 26.19 19.09 32.51 20.82 18.41 21.51 28.17 40.79 32.96 33.36 23.03
Price/Book(x) 3.6 4.51 3.9 2.5 2.42 3.09 2.73 2.17 2.66 2.19 2.07
Dividend Yield(%) 1.47 1.44 1.06 1.51 1.42 1.19 1.26 1.3 1 1.17 1.38
EV/Net Sales(x) 2.59 3.68 3.08 1.63 1.52 2.02 1.78 1.28 1.83 1.56 1.45
EV/Core EBITDA(x) 15.63 20.57 19.44 11.88 11.47 13.44 15.23 16.37 14.76 12.96 10.36
Net Sales Growth(%) -14.77 7.58 8.13 32.38 13.51 7.9 7.18 13.94 -10.74 0.55 8.78
EBIT Growth(%) -17.36 107.37 -45.9 15.15 9.88 24.63 -26.17 -38.09 51.3 -6.6 30.55
PAT Growth(%) -13.24 110.87 -46.82 8.98 20.29 23.29 -28.16 -44.03 60.83 -15.38 46.95
EPS Growth(%) -13.24 110.87 -46.82 8.98 20.29 23.29 -28.16 -44.04 60.83 -15.38 46.95
Debt/Equity(x) 0.04 0.02 0.02 0.06 0.05 0.03 0.03 0.06 0 0 0
Current Ratio(x) 1.57 1.71 1.58 1.53 1.68 1.8 1.62 1.51 1.57 1.7 1.69
Quick Ratio(x) 0.76 1.28 1.1 0.93 0.95 0.97 0.8 0.89 0.96 1.11 1.08
Interest Cover(x) 17.09 81.04 35.38 28.11 25.5 45.84 34.34 10.28 11.3 14.52 22.92
Total Debt/Mcap(x) 0.01 0 0 0.02 0.02 0.01 0.01 0.03 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +9% -1% +4% +8%
Operating Profit CAGR +27% +20% +2% +7%
PAT CAGR +47% +26% -4% +4%
Share Price CAGR -29% +6% -7% 0%
ROE Average +9% +8% +8% +12%
ROCE Average +13% +12% +11% +17%

Rallis India Shareholding Pattern

Latest · Mar 2026
100% held
Promoters 55.08 %
FII 11.55 %
DII (MF + Insurance) 11.72 %
Public (retail) 44.92 %
# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 55.0855.0855.0855.0855.0855.0855.0855.0855.0855.08
FII 9.229.219.4610.5811.8611.4111.2814.212.0811.55
DII 13.2413.1813.6614.2513.714.214.2511.611.711.72
Public 44.9244.9244.9244.9244.9244.9244.9244.9244.9244.92
Others 0000000000
Total 100100100100100100100100100100

Rallis India Peer Comparison

Pesticides & Agrochemicals Edit Columns

Rallis India Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Rallis India Pros & Cons

Pros

  • Debtor days have improved from 126.65 to 126.2days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • The company has delivered a poor profit growth of -4% over past five years.
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