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Rallis India Ltd (RALLIS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500355 NSE: RALLIS Pesticides & Agrochemicals | Small Cap | Rallis India Share Price

₹230.05 1.70 (0.74%)

As on 24-Jun'26 16:59

Rallis India Ltd (RALLIS)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500355 NSE: RALLIS Pesticides & Agrochemicals | Small Cap | Rallis India Share Price

₹230.05 1.70 (0.74%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4,474 Cr.
Current Price
₹230.1
52-Week Low / High
₹216 / 386
TTM EPS
₹9.5
TTM Sales
₹2,897 Cr.
Book Value per Share
₹105.1
P/E Ratio
24.33
Lower than its 5-year historical median
Industry PE
31
Price to Book (P/B)
2.19
Lower than its 5-year historical median
Price to Sales (P/S)
1.54
Lower than its 5-year historical median
EV/EBITDA
10.95
Lower than its 5-year historical median
Dividend Yield
1.3%
Profitability Efficiency
Return on Equity (ROE)
9.32%
Underperforms industry median
Return on Capital Employed (ROCE)
13.23%
Underperforms industry median
Return on Assets (ROA)
4.53%
Operating Profit Margin
12.5%
Net Profit Margin
6.35%
Gross Profit Margin
10.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.78%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
25.53%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
46.95%
Asset Quality
Promoter Holding
55.08%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,024 Cr.
Equity
₹19.5 Cr.
Face Value
₹1
All Time Low / High
₹2.00 / 385.60

Rallis India stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Rallis India Ltd a good quality company?
Rallis India Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Rallis India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Rallis India Ltd vs industry peers?
Rallis India Ltd revenue CAGR is 3.41%, compared to the industry median CAGR of 8.45%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Rallis India Ltd?
Promoters hold 55.08% of the Rallis India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Rallis India Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 2% based on the current price.

DeciZen - make an informed investing decision on Rallis India

Decision Maker
Consolidated basis

1. Right Stock

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2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 34.6%16.8%17.7%17.6%20%13.5%7.9%11.7%10.7%13.2%-
Value Creation
Index
1.50.20.30.30.40.0NANANANA-

Growth Parameters

Sales 1,3861,4981,9842,2522,4292,6042,9672,6482,6632,8972,897
Sales YoY Gr.-8.1%32.4%13.5%7.9%7.2%13.9%-10.7%0.6%8.8%-
Adj EPS 8.17.38.39.611.38.75.27.76.410.39.5
YoY Gr.--10.8%14.1%16.6%17.3%-22.8%-40.1%46.9%-16.2%60.3%-
BVPS (₹) 57.960.666.172.581.887.38994.197.9105105.1
Adj Net
Profit
158141161187220170102149125201184
Cash Flow from Ops. 353-579.1338216166217269295172-
Debt/CF from Ops. 0.1-4.20.90.20.20.40.5000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.5%3.6%-0.8%8.8%
Adj EPS 2.7%-1.8%25.4%60.3%
BVPS6.9%5.1%5.7%7.3%
Share Price 0.7% -6.6% 5.6% -28%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
15.512.213.113.914.710.35.98.46.710.29
Op. Profit
Mgn %
17.415.312.712.413.511.1811.910.912.512.5
Net Profit
Mgn %
11.49.48.18.39.16.53.45.64.76.96.4
Debt to
Equity
000.10.1000.10000
Working Cap
Days
211305233277181231235250263264173
Cash Conv.
Cycle
3962347227373249576382

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,3861,4981,9842,2512,4292,6042,9672,6482,6632,897
Operating Expenses + 1,1491,2701,7421,9872,1052,3302,7472,3362,3752,535
Manufacturing Costs159193237233253329339303312315
Material Costs7398071,0971,3241,3961,5101,8351,4801,4781,616
Employee Cost 114126180199216239256262275283
Other Costs 136144228231239252318292310321
Operating Profit 237228242265325274220312288362
Operating Profit Margin (%) 17.1%15.2%12.2%11.8%13.4%10.5%7.4%11.8%10.8%12.5%
Other Income + 1193134403013163243
Exceptional Items 158001190111-26
Interest 468107714191411
Depreciation 42414662647491114120117
Profit Before Tax 359191219239304222128196187250
Tax 93506454755836486266
Profit After Tax 26614115418522916492148125184
PAT Margin (%) 19.2%9.4%7.8%8.2%9.4%6.3%3.1%5.6%4.7%6.4%
Adjusted EPS (₹)13.77.37.99.511.88.54.77.66.49.5
Dividend Payout Ratio (%)27.40%34.40%31.50%26.20%25.50%35.50%52.90%32.90%38.90%31.70%

Valuation of Rallis India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,1251,1791,2861,4101,5911,6971,7301,8291,9042,043
Share Capital 19191919191919191919
Reserves 1,1061,1591,2661,3911,5721,6771,7111,8101,8852,024
Debt +211869623854103116
Long Term Debt21181612843110
Short Term Debt0053503050100006
Minority Interest0000000000
Trade Payables228369535637596753588600541727
Others Liabilities 6396628044274541,2211,1661,4221,4311,466
Total Liabilities 2,0142,2272,6932,5362,6793,7243,5873,8523,8774,243

Fixed Assets

Net Fixed Assets +3443455755936317717581,008903849
Gross Block4254657508469181,0971,1401,4681,4621,499
Accumulated Depreciation81120175253287326382460559650
CWIP 23255176164130237625232
Investments 534390109302283212223251412505
Inventories244375673699763938793808751959
Trade Receivables226365448450406446499579541616
Cash Equivalents 764448546346323145
Others Assets 6357227933683771,1641,0321,1131,1871,236
Total Assets 2,0142,2272,6932,5362,6793,7243,5873,8523,8774,243

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 353-579338216166217269295172
PBT 359191219239304222128196187250
Adjustment 284154594887144143130125
Changes in Working Capital 43-178-12396-61-75-6-1033-135
Tax Paid -78-59-71-56-75-68-49-60-55-68
Cash Flow From Investing Activity + -27595-51-246-162-103-142-102-214-95
Capex -53-49-46-48-158-181-186-81-71-29
Net Investments -229139-10-188-97440-22-144-66
Others 656-10544111
Cash Flow From Financing Activity + -74-92-51-74-67-61-41-184-80-66
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -13-0-5-4-4-4-4-1-0-0
Interest Paid -3-3-5-3-2-2-9-9-7-5
Dividend Paid -58-88-59-59-49-59-58-49-49-49
Others -0-017-8-12331-125-25-12
Net Cash Flow 3-1-2318-13134-18111

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)26.0312.2812.5113.7615.249.995.378.316.79.32
ROCE (%)34.6316.7717.7117.5819.9713.537.9111.7110.7313.23
Asset Turnover Ratio0.90.711.070.861.181.011.030.950.890.9
PAT to CFO Conversion(x)1.33-0.040.511.830.941.012.361.822.360.93
Working Capital Days
Receivable Days5071.2056.6072.8050.6048.1045.6055.9059.1057.90
Inventory Days61.5074.6073111.2086.509683.508382.3085.50
Payable Days103.50134.90150.30161.60161.20163133.40140.10126.70126.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Rallis India Ltd FAQs

The current trading price of Rallis India on 24-Jun-2026 16:59 is ₹230.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jun-2026 the market cap of Rallis India stood at ₹4,473.8 Cr

The latest P/E ratio of Rallis India as of 23-Jun-2026 is 24.33.

The latest P/B ratio of Rallis India as of 23-Jun-2026 is 2.19.

The 52-week high of Rallis India is ₹385.6 and the 52-week low is ₹216.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rallis India is ₹2,897 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rallis India Ltd is a average quality company.

The key valuation ratios of Rallis India Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rallis India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Rallis India Ltd

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.
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