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 ₹ 4,630 Cr.
- Current Price ₹ 238
- High / Low ₹ 379 / 196
- Stock P/E 29.3
- Book Value ₹ 87.2
- Dividend Yield 1.04 %
- 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.
Peer comparison
Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian
Part of BSE Allcap BSE Commodities Nifty Microcap 250 Nifty Total Market BSE SmallCap
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 | |
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10 Years: | 4% |
5 Years: | -2% |
3 Years: | 1% |
TTM: | -26% |
Stock Price CAGR | |
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10 Years: | 1% |
5 Years: | 3% |
3 Years: | 0% |
1 Year: | -10% |
Return on Equity | |
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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 |
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 | -3 | 14 | 1 | 18 | 48 | 55 | 48 | 80 | 92 | 60 | 67 | 71 |
ROCE % | 36% | 27% | 25% | 29% | 27% | 21% | 22% | 20% | 18% | 16% | 18% | 13% |
Documents
Announcements
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Audio Recording Of Analysts/Investors Call Pertaining To The Audited Financial Results For The Quarter And Financial Year Ended March 31, 2025
16h - Audio recording link for Q4 and FY25 earnings call of Rallis India provided.
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Announcement under Regulation 30 (LODR)-Investor Presentation
1d - Letter dated April 9, 2025, enclosed in the presentation on the results for the quarter and financial year ended March 31, 2025 for the analysts/investors …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - FY25 revenue ₹2663 Cr, PAT ₹125 Cr; dividend ₹2.50/share; new product launches and digital initiatives.
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Announcement under Regulation 30 (LODR)-Change in Management
1d - Appointment of Milan Naik as Head-Manufacturing replacing retiring Rajashekhar Khinnavar from July 1, 2025.
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Appointment Of Secretarial Auditors Of The Company
1d - Appointment of Parikh & Associates as Secretarial Auditors for FY 2025-26 to FY 2029-30, subject to shareholder approval.
Annual reports
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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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Financial Year 2011
from nse
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Financial Year 2011
from bse
Concalls
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Apr 2025TranscriptNotesPPT
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Feb 2025TranscriptNotesPPT
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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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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 2021TranscriptNotesPPT
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Apr 2021Transcript PPT
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Jan 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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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 2019TranscriptNotesPPT
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Jul 2019TranscriptNotesPPT
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Jan 2019TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Apr 2017TranscriptNotesPPT
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Jan 2017TranscriptNotesPPT
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Apr 2016TranscriptNotesPPT
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.