MoneyWorks4Me

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

₹202.35 -0.65 (-0.32%)

As on 11-Sep'26 15:14

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

₹202.35 -0.65 (-0.32%)

As on 11-Sep'26 15:14

Key Metrics
Valuation Multiples
Market Cap
₹3,948 Cr.
Current Price
₹202.4
52-Week Low / High
₹203 / 349
TTM EPS
₹8.4
TTM Sales
₹2,604 Cr.
Book Value per Share
-
P/E Ratio
24.04
Lower than its 5-year historical median
Industry PE
29.3
Price to Book (P/B)
0.00
Lower than its 5-year historical median
Price to Sales (P/S)
1.52
Lower than its 5-year historical median
EV/EBITDA
12.99
Lower than its 5-year historical median
Dividend Yield
1.48%
Profitability Efficiency
Return on Equity (ROE)
9.99%
Underperforms industry median
Return on Capital Employed (ROCE)
13.53%
Underperforms industry median
Return on Assets (ROA)
6.03%
Operating Profit Margin
11.1%
Net Profit Margin
6.31%
Gross Profit Margin
9.2%
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)
Slowing versus 3-year growth rate
-15.6%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-28.16%
Asset Quality
Promoter Holding
55.08%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,677 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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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Rallis India Ltd a good quality company?
Rallis India Ltd is a average quality company, based on a somewhat consistent 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 3.58%, compared to the industry median CAGR of 7%, 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 -1.1% based on the current price.

DeciZen - make an informed investing decision on Rallis India

Decision Maker
Consolidated basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

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 majority of the past ten years indicating its past ten year financial track record is very 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 1,3861,4981,9842,2522,4292,6042,9672,6482,6632,8972,962
Sales YoY Gr.-8.1%32.4%13.5%7.9%7.2%13.9%-10.7%0.6%8.8%-
Adj EPS 8.17.38.39.611.38.75.27.76.410.311
YoY Gr.--10.8%14.1%16.6%17.3%-22.8%-40.1%46.9%-16.2%60.3%-
BVPS (₹) 57.960.666.172.581.887.38994.197.9105111.5
Adj Net
Profit
158141161187220170102149125201214
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 -1.2% -7% -4.9% -39.6%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
15.512.213.113.914.710.35.98.46.710.210.2
Op. Profit
Mgn %
17.415.312.712.413.511.1811.910.912.513.4
Net Profit
Mgn %
11.49.48.18.39.16.53.45.64.76.97.2
Debt to
Equity
000.10.1000.1000-
Working Cap
Days
211305233277181231235250263264173
Cash Conv.
Cycle
3962347227373249576382

Valuation of Rallis India - Consolidated

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!

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 (%)

Financials

PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Sales1,4581,7471,8151,5291,6641,7911,9842,2522,4292,604
Operating Expenses + 1,2481,4841,5421,2981,3981,5241,7401,9892,1052,330
Manufacturing Costs173214229182188223237233253329
Material Costs8229469288038659311,0971,3251,3961,510
Employee Cost 94111129133148165181200216239
Other Costs 159213255180198205225231240252
Operating Profit 210263273231266267244263324274
Operating Profit Margin (%) 14.4%15.1%15.0%15.1%16.0%14.9%12.3%11.7%13.4%10.5%
Other Income + 1571014131331344030
Exceptional Items 0000158001190
Interest 211512169781077
Depreciation 32415044484646626474
Profit Before Tax 172214222186380227220237304222
Tax 53626239836065547558
Profit After Tax 119153160147297167155184229164
PAT Margin (%) 8.2%8.7%8.8%9.6%17.9%9.3%7.8%8.2%9.4%6.3%
Adjusted EPS (₹)6.17.88.17.415.38.68.09.511.88.4
Dividend Payout Ratio (%)37.60%30.70%30.90%33.90%24.50%29%31.30%26.30%25.50%35.50%
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22

Equity and Liabilities

Shareholders Fund + 6217188158881,1111,1911,2861,4091,5911,697
Share Capital 19191919191919191919
Reserves 6016997958691,0921,1711,2661,3901,5711,677
Debt +547411175372069623854
Long Term Debt112627262420161284
Short Term Debt4348844912053503050
Minority Interest510104012110
Trade Payables250305288274329526535637596753
Others Liabilities 260189212243232240271339363355
Total Liabilities 1,1901,2971,4361,4841,7091,9782,1632,4482,5892,858

Fixed Assets

Net Fixed Assets +555604595564568568575593631771
Gross Block7518378726076597047508469181,097
Accumulated Depreciation1952332774391135175253287326
CWIP 3521264042475176164130
Investments 2025242823996109302283212
Inventories267330394403394572674699763938
Trade Receivables165168248228264400449451406446
Cash Equivalents 2697893346495563
Others Assets 122140141213192262259279285298
Total Assets 1,1901,2971,4361,4841,7091,9782,1632,4482,5892,858
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Cash Flow From Operating Activity + 145176682324084180337217166
PBT 172214222186380227220237304222
Adjustment 42486756414754594887
Changes in Working Capital -33-27-1563172-165-12397-60-75
Tax Paid -36-59-64-41-85-67-71-56-75-69
Cash Flow From Investing Activity + -40-76-54-147-28989-51-246-162-104
Capex -35-59-43-72-66-57-46-66-158-181
Net Investments 3-81-3-211138-12-186-974
Others -8-10-11-71-1287653
Cash Flow From Financing Activity + -90-119-17-59-80-104-51-74-67-61
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -1-6013-0-15-2-5-4-4-4
Interest Paid -18-12-10-13-8-4-5-3-2-2
Dividend Paid -50-52-55-35-58-88-59-59-49-59
Others -21535-101-1017-8-123
Net Cash Flow 15-19-2263926-2317-120
PARTICULARSMar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22
Ratios
ROE (%)20.2422.8120.8517.2729.7114.5112.513.6315.249.99
ROCE (%)26.4529.6526.9321.0736.5719.7617.7417.4519.9713.53
Asset Turnover Ratio1.341.491.41.111.110.981.270.981.231.19
PAT to CFO Conversion(x)1.221.150.431.581.370.250.521.830.951.01
Working Capital Days
Receivable Days31.5032.8039.5053.3050.706759.1072.9050.7048.10
Inventory Days63.3058.9068.9089.4082.3097.5086.70111.3086.5096
Payable Days110.50107.10116.70127.60127.10167.60176.40161.50161.20163

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Rallis India Ltd FAQs

The current trading price of Rallis India on 11-Sep-2026 15:14 is ₹202.3.

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 10-Sep-2026 the market cap of Rallis India stood at ₹3,947.7 Cr

The latest P/E ratio of Rallis India as of 10-Sep-2026 is 18.45.

The latest P/B ratio of Rallis India as of 10-Sep-2026 is 1.82.

The 52-week high of Rallis India is ₹349.1 and the 52-week low is ₹202.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rallis India is ₹2,962 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rallis India Ltd is a good 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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