Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹3883 Cr.
Stock P/E
21.1
P/B
—
Current Price
₹199.7
Book Value
₹ 0
Face Value
1
52W High
₹314.9
52W Low
₹ 196.7
Dividend Yield
1.5%

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
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Rallis India Quarterly Results

#(Fig in Cr.) Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
Net Sales 534 346 663 725 570 471 741 728 628 508
Other Income 10 10 12 13 8 8 7 7 5 7
Total Income 544 356 674 738 578 479 748 735 634 515
Total Expenditure 478 356 534 608 510 454 619 640 561 510
Operating Profit 66 -0 140 130 68 26 129 95 73 5
Interest 2 1 2 1 1 1 1 1 1 1
Depreciation 16 13 18 20 11 15 18 18 18 20
Exceptional Income / Expenses 0 11 0 2 6 2 0 0 0 0
Profit Before Tax 48 -3 120 110 62 12 109 77 53 -16
Provision for Tax 10 -3 28 27 16 3 27 20 14 -2
Profit After Tax 38 1 92 83 46 8 82 56 40 -14
Adjustments 0 -0 0 0 0 0 0 0 0 -0
Profit After Adjustments 38 1 92 83 46 8 82 56 40 -14
Adjusted Earnings Per Share 2 0 4.7 4.3 2.3 0.4 4.2 2.9 2 -0.7

Rallis India Profit & Loss

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
Net Sales 1275 1458 1747 1815 1529 1664 1791 1984 2252 2429 2604 2605
Other Income 10 15 7 10 14 13 13 31 34 40 30 26
Total Income 1285 1473 1754 1825 1543 1676 1804 2015 2286 2470 2634 2632
Total Expenditure 1072 1248 1484 1542 1298 1398 1524 1740 1989 2105 2330 2330
Operating Profit 212 225 270 283 246 278 280 274 297 365 303 302
Interest 17 21 15 12 16 9 7 8 10 7 7 4
Depreciation 29 32 41 50 44 48 46 46 62 64 74 74
Exceptional Income / Expenses -17 0 0 0 0 158 0 0 11 9 0 0
Profit Before Tax 149 172 214 222 186 380 227 220 237 304 222 223
Provision for Tax 49 53 62 62 39 83 60 65 54 75 58 59
Profit After Tax 101 119 153 160 147 297 167 155 184 229 164 164
Adjustments -2 0 -1 -3 -4 0 1 1 1 -0 0 0
Profit After Adjustments 99 119 152 157 143 297 168 155 185 229 164 164
Adjusted Earnings Per Share 5.1 6.1 7.8 8.1 7.4 15.3 8.6 8 9.5 11.8 8.4 8.4

Rallis India Balance Sheet

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Shareholder's Funds 553 621 718 815 888 1111 1191 1286 1409 1591 1697
Minority's Interest 1 5 10 10 4 0 1 2 1 1 0
Borrowings 86 11 26 27 26 24 20 16 12 8 4
Other Non-Current Liabilities 46 50 50 58 49 49 42 45 69 75 81
Total Current Liabilities 435 504 493 526 517 524 724 814 957 914 1077
Total Liabilities 1121 1190 1297 1436 1484 1709 1978 2163 2448 2589 2858
Fixed Assets 517 555 604 595 564 568 568 575 593 631 771
Other Non-Current Assets 171 145 147 155 205 182 169 174 242 302 293
Total Current Assets 434 489 546 685 712 953 1228 1413 1610 1651 1790
Total Assets 1121 1190 1297 1436 1484 1709 1978 2163 2448 2589 2858

Rallis India Cash Flow

#(Fig in Cr.) Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Opening Cash & Cash Equivalents 12 9 23 4 -62 -36 3 29 6 22 10
Cash Flow from Operating Activities 94 145 176 68 232 408 41 80 337 217 166
Cash Flow from Investing Activities -74 -40 -76 -54 -147 -289 89 -51 -246 -162 -104
Cash Flow from Financing Activities -24 -90 -119 -17 -59 -80 -104 -51 -74 -67 -61
Net Cash Inflow / Outflow -4 15 -19 -2 26 39 26 -23 17 -12 0
Closing Cash & Cash Equivalent 9 23 4 2 -36 3 29 6 22 10 10

Rallis India Ratios

# Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Earnings Per Share (Rs) 5.1 6.12 7.81 8.08 7.37 15.3 8.62 7.99 9.51 11.75 8.44
CEPS(Rs) 6.65 7.73 9.94 10.77 9.81 17.72 10.97 10.33 12.61 15.05 12.26
DPS(Rs) 2.2 2.3 2.4 2.5 2.5 3.75 2.5 2.5 2.5 3 3
Book NAV/Share(Rs) 28.44 31.92 36.92 41.88 45.68 57.14 61.22 66.13 72.48 81.8 87.25
Core EBITDA Margin(%) 14.95 13.51 14.22 14.22 14.22 15.02 14.75 9.3 11.68 10.51 8.47
EBIT Margin(%) 12.31 12.43 12.4 12.17 12.42 22.01 12.92 8.71 10.98 10.05 7.08
Pre Tax Margin(%) 11.04 11.09 11.59 11.55 11.43 21.49 12.55 8.4 10.55 9.83 6.88
PAT Margin (%) 7.44 7.65 8.26 8.33 9.04 16.8 9.24 5.9 8.16 7.4 5.08
Cash Profit Margin (%) 9.56 9.68 10.45 10.92 11.72 19.49 11.8 7.66 10.89 9.48 7.37
ROA(%) 9.42 10.28 12.28 11.69 10.08 18.61 9.06 7.48 7.97 9.08 6.03
ROE(%) 19.04 20.24 22.81 20.85 17.27 29.71 14.51 12.5 13.63 15.24 9.99
ROCE(%) 25.07 26.45 29.65 26.93 21.07 36.57 19.76 17.74 17.45 19.97 13.53
Receivable days 28.29 31.53 32.83 39.54 53.32 50.74 66.95 59.07 72.91 50.66 48.09
Inventory Days 67.49 63.33 58.89 68.85 89.35 82.27 97.54 86.7 111.26 86.46 95.99
Payable days 134.84 110.48 107.13 116.68 127.64 127.08 167.61 176.44 161.47 161.22 163.01
PER(x) 23.81 18.85 22.13 27.99 23.04 17.07 27.45 20.66 18.47 21.52 28.18
Price/Book(x) 4.27 3.61 4.68 5.4 3.72 4.57 3.86 2.5 2.42 3.09 2.73
Dividend Yield(%) 1.81 1.99 1.39 1.1 1.47 1.44 1.06 1.51 1.42 1.19 1.26
EV/Net Sales(x) 1.96 1.61 1.96 2.49 2.21 3.07 2.56 1.63 1.52 2.02 1.78
EV/Core EBITDA(x) 11.79 10.46 12.69 15.96 13.78 18.35 16.4 11.8 11.54 13.44 15.23
Net Sales Growth(%) 17.37 14.38 19.78 3.89 -15.73 8.79 7.66 10.78 13.5 7.89 7.18
EBIT Growth(%) -12.94 15.83 18.86 1.82 -13.46 92.54 -39.96 -2.27 8.29 25.48 -26.17
PAT Growth(%) -20.36 17.98 28.51 4.67 -7.95 101.97 -43.78 -7.32 18.67 24.43 -28.16
EPS Growth(%) -21.31 20 27.61 3.53 -8.8 107.45 -43.65 -7.3 18.96 23.65 -28.16
Debt/Equity(x) 0.28 0.21 0.11 0.15 0.1 0.03 0.02 0.06 0.05 0.03 0.03
Current Ratio(x) 1 0.97 1.11 1.3 1.38 1.82 1.7 1.74 1.68 1.81 1.66
Quick Ratio(x) 0.37 0.44 0.44 0.55 0.6 1.07 0.91 0.91 0.95 0.97 0.79
Interest Cover(x) 9.67 9.33 15.33 19.54 12.63 42.32 35.33 28.32 25.31 45.82 34.33
Total Debt/Mcap(x) 0.07 0.06 0.02 0.03 0.03 0.01 0.01 0.02 0.02 0.01 0.01

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +7% +9% +9% +7%
Operating Profit CAGR -17% +3% +2% +4%
PAT CAGR -28% +2% -11% +5%
Share Price CAGR -35% -2% -7% -2%
ROE Average +10% +13% +13% +18%
ROCE Average +14% +17% +18% +23%

Rallis India Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 55.08 %
FII 9.12 %
DII (MF + Insurance) 12.13 %
Public (retail) 23.67 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 55.0855.0855.0855.0855.0855.0855.0855.0855.0855.08
FII 9.219.4610.5811.8611.4111.2814.212.0811.559.12
DII 13.1813.6614.2513.714.214.2511.611.711.7212.13
Public 22.5321.7920.0919.3519.3219.3819.1221.1421.6523.67
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

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13% over the last 3 years.
  • Debtor days have increased from 161.22 to 163.01days.
  • The company has delivered a poor profit growth of -11% over past five years.
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