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Rallis India Ltd Stock Analysis

Mid Cap
Evaluated by 3746 users | BSE: 500355 | NSE: RALLIS |
Pesticides & Agrochemicals

Rallis India Limited is a subsidiary of Tata Chemicals Limited and a part of Tata Group. With business presence in Agri-Sciences, we supply farmers with innovative products across the agricultural value chain and impart knowledge on the safe and optimal use...

1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Rallis India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
Value Creation Index Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 24.53%19.31%17.97%21.83%19.29%16.33%18.38%14.54%12.78%13.29%
Value Creation Index 0.610.230.290.570.390.170.320.05-0.08-0.04
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,0861,2751,4581,7471,8151,5291,6641,7911,9842,252
Y-o-Y Gr. Rt.-17.4%14.4%19.8%3.9%-15.7%8.8%7.7%10.8%13.5%
Adjusted EPS (Rs.) 6.4266.038.238.277.549.748.618.189.34
Y-o-Y Gr. Rt.--6.5%0.5%36.5%0.5%-8.8%29.2%-11.6%-5%14.2%
Book Value per Share (Rs.) 25.9628.4431.9236.9241.8845.6857.1461.2266.1372.48
Adjusted Net Profit 125117117160161147189167159182
Net Op. Cash Flow (Rs. Cr.) 88.394.314517668.123240841.480.1337
Debt to Cash Flow from Ops 1.331.630.910.441.840.390.090.590.910.19
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Rallis India Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 8.4%4.4%10.6%13.5%
Adjusted EPS 4.3%2.5%-1.4%14.2%
Book Value per Share 12.111.68.39.6
Share Price 8.4% 6.9% 4.9% 35.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 26.8622.0519.9723.912117.2118.9514.5412.8413.47
Operating Profit Margin (%) 17.1416.6614.6815.7215.3215.4616.2214.912.6312.32
Net Profit Margin (%) 11.539.278.029.219.019.8311.379.317.998.01
Debt to Equity 0.230.280.210.110.150.10.030.020.060.05
Working Capital Days 123132125118135182174209240227
Cash Conversion Cycle -852021376047658273
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 50.09%
Institutions 23.52%
Non-Institutions 25.97%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Rallis India Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Rallis India Ltd is a average quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Rallis India Ltd's performance infers:

Rallis India Ltd earnings have grown by 2.5%, whereas share price has appreciated 6.9% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Rallis India Ltd share prices over the last 10 years. Here is what we found out:

Rallis India Ltd share price has appreciated 6.5% annually over the past ten years.

Rallis India Limited is a subsidiary of Tata Chemicals Limited and a part of Tata Group. With business presence in Agri-Sciences, we supply farmers with innovative products across the agricultural value chain and impart knowledge on the safe and optimal use of these products.

The company engaged in developing and manufacturing of products and solutions to improve farm yield, soil health and farmers’ income. Its

Rallis India Limited is a subsidiary of Tata Chemicals Limited and a part of Tata Group. With business presence in Agri-Sciences, we supply farmers with innovative products across the agricultural value chain and impart knowledge on the safe and optimal use of these products.

The company engaged in developing and manufacturing of products and solutions to improve farm yield, soil health and farmers’ income. Its Domestic Crop Care business comprises crop protection and crop nutrition which includes soil conditioners, plant growth nutrients and foliar and fertigation applications. In the International business, the company is into the manufacturing and marketing of technical grade pesticides, bulk and branded formulations and chemistry-led contract manufacturing.

Business area of the company

The company is engaged in the business of providing crop care solutions and agri services to the farming community.

Business areas

  • Domestic Crop Protection
  • International Business
  • Contract Manufacturing
  • Seeds
  • Plant Growth Nutrients
  • Agri Services

Infrastructure

  • Manufacturing
  • Factories
  • Certifications
  • Distribution Network
  • Marketing

Awards

  • 2003- Ankleshwar unit was awarded with AIA Certificate of Merit, in recognition for Contribution to Environmental Protection & Sustainable Development.
  • 2004- Ankleshwar unit was awarded with TERI, Corporate Environmental Award.
  • 2005- Won Tata Business Excellence Model (TBEM) Serious Adoption Award
  • 2005-Vishwakarma Rashtriya Puraskar awarded National Safety Award for Lote Unit
  • 2005-Received National Safety Award for year for Akola Unit
  • 2006- Vishwakarma Rashtriya Puraskar awarded National Safety Award for Lote and Akola Units
  • 2006-Gujarat Safety Council Safety Awards for Ankleshwar unit
  • 2007- Won Tata Business Excellence Model (TBEM) Active Promotion Award
  • 2007-The RBNQA Award for Excellence by IMC Ramkrishna Bajaj National Quality
  • 2007-Received National Safety Award for year for Akola Unit
  • 2007-Ankleshwar Unit received FGI Award for Excellence Energy Conservation from Dr. APJ Kalam
  • 2007-Gujarat Safety Council Safety Awards for Ankleshwar unit
  • 2007-Turbhe unit was awarded the National Energy Conservation Award from Ministry of Power, Govt. of India
  • 2007-Lote unit was awarded with a Certificate of Merit by Gloden Peacock Environment Management Award
  • 2008- Won CII-EXIM award for significant achievement
  • 2008- Gujarat Safety Council Safety Awards for Ankleshwar unit
  • 2008- Lote unit has bagged the Runner-up National Safety Award
  • 2008- Turbhe unit was awarded the National Energy Conservation Award from Ministry of Power, Govt. of India
  • 2008- Lote unit was awarded the Certificate of Merit from NSC, Maharashtra Chapter
  • 2009- Silver Safety Award for Lote plant from National Safety Council
  • 2009- Received two National Safety Awards for Akola unit for outstanding performance in Industrial Safety from Ministry of Labour & Employment, Govt. of India
  • 2010- Turbhe unit has been awarded 1st prize for “Best Safety Practices” under Major Accident Hazardous (MAH) unit category
  • 2010-Lote unit received National Safety Awards (RUNNERS UP) for outstanding performance in Industrial Safety
  • 2010-Prashansa Patra Award from National Safety Council for Ankleshwar Unit
  • 2010-Turbhe unit won recognition in the Maharashtra State Quality Circle Competition
  • 2010-Lote unit received NSCI safety award 2008 for implementing effective management systems and procedures for the assessment period of 2005 - 07
  • 2010-Lote unit was awarded the Certificate of Merit from NSC, Maharashtra Chapter
  • 2010-Gujarat Safety Council Safety Awards for Ankleshwar unit
  • 2011- JRDQV Award for Business Excellence
  • 2011- Bayer Group awarded Rallis for its Outstanding Performance as per Bayer Evaluation Tool
  • 2011- National Safety Award for Lote plant from Ministry of Labour & Employment, Govt. of India
  • 2011- Akola unit received National Safety Awards (Maharashtra Safety Chapter) for outstanding performance in Industrial Safety from Govt. of India, Ministry of Labour & Employment
  • 2011- Tata Innovista Award under Business Model category
  • 2011- Lote unit was awarded the Certificate of Merit from NSC, Maharashtra Chapter
  • 2012- CII-EXIM Bank awarded Business Excellence Prize for Business Excellence
  • 2012-Rallis was awarded with Responsible Care Logo by Indian Chemical Council
  • 2012-Certification of Appreciation by Monsanto Supply Chain Team
  • 2012-Vishwakarma Rashtriya Puraskar awarded National Safety Award for Akola Unit
  • 2012-Won QualTech Prize 2012 in QIMPRO Convention
  • 2012-Lote unit was awarded the Certificate of Merit from NSC, Maharashtra Chapter
  • 2013- Tata Quality Management Services awarded Dahej unit under Promising Innovations Category for New Product Innovation
  • 2013-Received National Energy Conservation Award from Mr. Pranab Mukerjee (President of India) for winning under Chemical sector
  • 2013-Winner of Golden Peacock Award for Eco-Innovation in Chemical Sector
  • 2013-Federation of Indian Chambers of Commerce & Industry (FICCI) awarded Product Innovator of the Year in Agro Sector
  • 2014- ICC awarded Certificate of Merit for Best Compliant Company for the Process Safety Code under Responsible Care
  • 2014- Lote unit received Maharashtra Safety Award from NSC, Maharashtra Chapter for Meritorious Performance in Industrial Safety during the year 2013 on 20th Sep'14
  • 2014-Significant Achievement in HR Excellence awarded by CII
  • 2015- India's Most Trusted Brand Award, 2015 in Best Company category
  • 2015-CII EXIM prize for Business Excellence
  • 2015-Origin product has received Product Innovator of the Year in Agrochemicals Sector awarded by FICCI Chemicals & Petrochemicals Awards 2015
  • 2016- NSCI - Suraksha Puraskar (Bronze Safety Award) to Lote Factory for Implementing Occupational Safety and Health Management System and procedures very effectively and Achieving outstanding OSH Performance.
  • 2016-NSC-Maharashtra Chapter Safety Award ‘Certificate of Merit’ for Zero Accident Frequency Rate  for continuous three year period  received by Lote factory.
  • 2016- State level safety award for maximum number of Accident Free days, by Gujarat Safety Council, received by Ankleshwar factory.
  • 2016- NSCI Safety Awards– 2016  Suraksha Purskar received by Ankleshwar factory.
  • 2016- Indian Chemical council (ICC) presented Responsible Care (RC) logo to Rallis with 3 years' validity
  • 2017- NSCI Safety Award-Certificate of Appreciation for appreciable achievement in Occupational Safety and Health received by Lote factory.
  • 2017-NSC-Maharashtra award for Zero Accident Frequency Rate for continuous three year period   received by Lote factory.
  • 2017-Certification of Appreciation for excellence in Occupational Safety and Health received by Akola factory.
  • 2017-National Safety Council, Maharashtra Chapter gave Certificate of Merit for Meritorious Performance in Industrial safety to Akola factory.
  • 2017-NSCI Safety awards 2017- Certification of appreciation received by Ankleshwar factory.
  • 2017-Rallis features in Inclusive Business List by Institute of Competitiveness. Recognition received by MD and CEO Mr. V Shankar. The Inclusive Business list identifies, assesses, and recognizes enterprises that are redefining the role of business in society.
  • 2018- FICCI award for distinguished contribution to Indian Agrochemical Industry in recognition of MD Mr. V Shankar's outstanding leadership efforts.
  • 2018- “Air pollution Abatment” gave 5 Star rating to Rallis, Lote factory.
  • 2018-Green building IGBC Platinum certification to Ankleshwar factory
  • 2018-NSCI Safety awards 2018- Certification of appreciation to Ankleshwar factory.
  • 2018-National Safety Council, Maharashtra Chapter gave Certificate of Merit for Meritorious Performance in Industrial safety to Akola factory.
  • 2018-Rallis won first prize for Rallis Samrudh Krishi in “service category innovation” organized by IMC Ramkrishna Bajaj National Quality Award Trust
  • 2018-Rallis won first prize for business model innovation for Rallis Samrudh Krishi organized by CII-INSTITUTE OF QUALITY.
  • 2018-FICCI awarded Rallis as Product Innovator of the year in Chemical Sector for product NEONIX.
  • 2018-PMFAI- SML Annual AGCHEM award to Rallis for Outstanding innovation in crop solution (RSK)

Milestones

  • 1815-1851: The history of Ralli Brothers is checkered with Greek entrepreneurship and foresight, qualities, which led them to rule across the trade routes of Europe in the nineteenth century.
  • 1854-1931: Rallis' sojourn in India was extremely successful until the great economic crash of 1929 led them to close down their Indian operations.
  • 1948-1963: Rallis India was re-born in a partitioned and independent India. The Company diversified, and its fertilizer and pesticides businesses began to take shape.
  • 1964-1978: An Era of Aquisition. Rallis passed though turbulent times, molting and evolving.
  • 1981-2000: Rallis' future is now firmly enmeshed in the future of Indian agriculture.
  • 2000-2018: The beginning of the 21st century started on a low note for Rallis. A successful enterprise during its long history.
  • 2018-19: Merger of subsidiaries, Metahelix Life Sciences and Zero Waste Agro, with Rallis subject to necessary statutory approvals
  • 2019-20: Launched innovative products to fill portfolio gaps and enhance presence across segments.
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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