Rallis India Ltd.

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rallis.comBSE: 500355NSE: RALLIS

Market Cap₹ 3,965 Cr.

Current Price

High / Low₹ 349 / 203

Stock P/E24.1

Book Value—

Price to Book—

Dividend Yield1.47 %

ROCE13.5 %

ROE10.0 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2022 • Agri-Inputs: 100.0%

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Company is almost debt free
Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.25x)
Company has been maintaining a healthy dividend payout of 35.5%
Company comfortably covers its interest (34.3x coverage)
Company generates healthy free cash flow

CONS

Company has delivered a poor profit growth of -11.2% over past five years
Total debt has risen sharply - up 39.3% year on year
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsPesticides & Agrochemicals

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	UPL	577.00	24.11	48708.57	1.04	-73.00	58.52	10181.00	10.47	12.00	13.43
2.	PIIND	2396.05	31.20	36352.42	0.63	244.20	-38.95	1702.30	-10.43	16.00	21.69
3.	SUMICHEM	481.50	41.48	24033.87	0.27	214.51	20.45	1063.35	0.62	23.39	21.94
4.	BAYERCROP	3948.35	320.25	17744.71	3.80	321.60	15.39	1835.00	-4.16	30.08	20.03
5.	SHARDACROP	783.10	11.28	7065.17	1.92	88.02	-38.36	1073.77	9.03	31.10	17.32
6.	DHANUKA	977.80	14.68	4358.87	0.20	75.50	27.94	442.02	20.01	24.44	24.83
7.	RALLIS	203.90	24.15	3965.22	1.47	-14.15	-274.26	507.54	7.70	13.23	-0.56
8.	NACLIND	164.35	311.22	3849.79	0.00	20.84	59.82	383.33	-14.50	6.20	10.80
9.	BHAGCHEM	263.40	124.10	3415.48	0.06	133.29	3249.84	1950.19	1475.55	4.55	15.65
10.	GSPCROP	491.20	23.34	2285.00	0.20	263.94	1111.46	3859.95	1153.27	18.46	11.02
11.	BHARATRAS	1170.30	13.57	1945.16	0.04	372.30	838.73	3381.60	796.03	16.63	15.19
12.	INSECTICID	623.60	14.50	1814.54	0.32	43.87	-24.49	611.52	-11.52	15.97	11.10

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022
	6,627	7,250	5,705	4,713	7,405	7,278	6,281	508
	5,543	6,300	5,222	4,694	6,384	6,588	5,805	510
Operating Profit	1,084	950	483	19	1,021	690	476	-3
OPM %	16.36%	13.11%	8.46%	0.40%	13.79%	9.48%	7.58%	-0.56%
	118	114	15	63	70	75	55	7
Interest	20	14	8	10	9	12	14	1
Depreciation	179	203	110	148	185	177	184	20
Profit before Tax	1,202	1,098	620	116	1,091	765	531	-16
Tax %	23.54%	24.42%	26.45%	29.76%	24.52%	26.21%	25.46%	12.87%
Net Profit	919	830	456	81	823	564	396	-14
	4.72	4.27	2.35	0.42	4.23	2.90	2.03	-0.73

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
	1,458	1,747	1,815	1,529	1,664	1,791	1,984	2,252	2,429	2,604	2,604
	1,248	1,484	1,542	1,298	1,398	1,524	1,740	1,989	2,105	2,330	2,388
Operating Profit	210	263	273	231	266	267	244	263	324	274	216
OPM %	14.38%	15.05%	15.03%	15.14%	15.96%	14.90%	12.29%	11.68%	13.35%	10.52%	8.29%
	15	7	10	14	171	13	31	46	50	30	27
Interest	21	15	12	16	9	7	8	10	7	7	5
Depreciation	32	41	50	44	48	46	46	62	64	74	74
Profit before Tax	172	214	222	186	380	227	220	237	304	222	222
Tax %	31.05%	28.79%	27.88%	20.97%	21.81%	26.43%	29.73%	22.66%	24.69%	26.17%	26.18%
Net Profit	119	153	160	147	297	167	155	184	229	164	164
EPS	6.12	7.81	8.08	7.37	15.30	8.62	7.99	9.51	11.75	8.44	—
Dividend Payout %	37.58%	30.73%	30.92%	33.91%	24.52%	29.01%	31.29%	26.30%	25.52%	35.53%	—

COMPOUNDED SALES GROWTH

10 Years:: 7%
5 Years:: 9%
3 Years:: 9%

COMPOUNDED PROFIT GROWTH

10 Years:: 5%
5 Years:: -11%
3 Years:: 2%

STOCK PRICE CAGR

10 Years:: -1%
5 Years:: -7%
3 Years:: -5%
1 Year:: -40%

RETURN ON EQUITY

10 Years:: 18%
5 Years:: 13%
3 Years:: 13%
Last Year:: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
Minority Interest	5	10	10	4	0	1	2	1	1	0
	601	699	795	869	1,092	1,171	1,266	1,390	1,571	1,677
	60	78	115	80	42	26	75	76	59	76
Trade Payables	250	305	288	274	329	526	535	637	596	753
	254	186	208	239	226	234	265	325	342	333
Total Liabilities	1,190	1,297	1,436	1,484	1,709	1,978	2,163	2,448	2,589	2,858
	555	604	595	564	568	568	575	593	631	771
Capital Work in Progress	16	6	8	14	12	12	13	29	106	56
	20	25	24	28	239	96	109	302	283	212
	267	330	394	403	394	572	674	699	763	938
	0	0	0	0	0	0	0	0	0	0
Cash & Bank	26	9	7	8	9	33	46	49	55	63
	306	323	407	467	486	696	746	777	750	819
Total Assets	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 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	181	235	132	273	493	109	151	393	291	235
Cash from Investing	-40	-76	-54	-147	-289	89	-51	-246	-162	-104
Cash from Financing	-90	-119	-17	-59	-80	-104	-51	-74	-67	-61
	15	-19	-2	26	39	26	-23	17	-12	0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022

Shareholding Pattern

Numbers in percentages

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
55.08	55.08	55.08	55.08	55.08	55.08	55.08	55.08	55.08
9.46	10.58	11.86	11.41	11.28	14.20	12.08	11.55	9.12
13.26	13.83	13.29	13.78	13.84	11.20	11.30	11.32	11.72
0.41	0.41	0.41	0.41	0.41	0.41	0.41	0.41	0.41
21.79	20.09	19.35	19.32	19.38	19.12	21.14	21.65	23.67

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-10 - Rallis India Limited has informed the Exchange about Schedule of meet

2026-08-26

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-26 - Rallis India Limited has informed the Exchange about Schedule of meet

2026-08-20

Resignation of Director/KMP/SMP

2026-08-20 - Rallis India Limited has informed the Exchange about Resignation of Director/KMP/SMP

2026-08-20

Change in Management

2026-08-20 - Rallis India Limited has informed the Exchange about change in Management

2026-08-20

Outcome of Board Meeting

2026-08-20 - Rallis India Limited has informed the Exchange regarding Outcome of Board Meeting held on August 20, 2026.

2026-08-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-10 - Rallis India Limited has informed the Exchange about Schedule of meet

2026-07-29

Copy of Newspaper Publication

2026-07-29 - Rallis India Limited has informed the Exchange about Copy of Newspaper Publication

2026-07-27

Change in Auditors

2026-07-27 - Rallis India Limited has informed the Exchange regarding Change in Auditors of the company.

2026-07-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-27 - Rallis India Limited has informed the Exchange about Transcript

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