Rallis India Ltd

Rallis India Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Rallis India Ltd

₹ 318 4.34%
22 Nov - close price
rallis.com BSE: 500355 NSE: RALLIS
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

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.

Website BSE NSE
  • Market Cap ₹ 6,191 Cr.
  • Current Price ₹ 318
  • High / Low ₹ 379 / 225
  • Stock P/E 39.2
  • Book Value ₹ 87.2
  • Dividend Yield 0.79 %
  • ROCE 12.8 %
  • ROE 9.61 %
  • Face Value ₹ 1.00
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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 SmallCap BSE Allcap BSE Commodities Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
340 623 749 534 346 663 725 570 471 741 728 628 508
333 528 630 478 356 534 608 510 454 619 640 561 510
Operating Profit 7 95 119 56 -10 128 117 60 18 122 88 67 -3
OPM % 2% 15% 16% 10% -3% 19% 16% 11% 4% 16% 12% 11% -1%
11 8 7 10 21 12 15 14 10 7 7 5 7
Interest 2 2 2 2 1 2 1 1 1 1 1 1 1
Depreciation 11 14 19 16 13 18 20 11 15 18 18 18 20
Profit before tax 6 87 105 48 -3 120 110 62 12 109 76 53 -16
Tax % 76% 22% 19% 21% -126% 24% 24% 26% 30% 25% 26% 25% -13%
1 68 85 38 1 92 83 46 8 82 56 40 -14
EPS in Rs 0.08 3.48 4.41 1.96 0.03 4.72 4.27 2.35 0.42 4.23 2.90 2.03 -0.73
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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: 4%
5 Years: 12%
3 Years: 6%
1 Year: 40%
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

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%

Shareholding Pattern

Numbers in percentages

6 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 50.09% 55.08% 55.08% 55.08% 55.08% 55.08%
6.03% 6.08% 6.02% 6.01% 7.00% 7.09% 7.69% 8.23% 9.21% 9.20% 9.46% 10.58%
16.41% 16.07% 15.16% 15.27% 14.87% 14.47% 13.51% 14.44% 12.83% 12.77% 13.26% 13.83%
0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41% 0.41%
27.06% 27.35% 28.32% 28.20% 27.63% 27.92% 28.28% 21.84% 22.45% 22.54% 21.79% 20.09%
No. of Shareholders 1,12,0731,24,3391,36,1351,35,4661,28,5591,29,2131,36,3511,35,3521,37,3511,44,1151,38,4341,33,519

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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