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Rallis India Ltd

RALLIS
NSE
265.91
1.21%
Last Updated:
30 Apr '26, 4:00 PM
Company Overview
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Rallis India Ltd

RALLIS
NSE
265.91
1.21%
30 Apr '26, 4:00 PM
Company Overview
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6M
Price
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Quick Ratios

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Mkt Cap
Market Capitalization
5,171Cr
Close
Close Price
265.91
Industry
Industry
Pesticides/Agrochemicals
PE
Price To Earnings
28.20
PS
Price To Sales
1.78
Revenue
Revenue
2,897Cr
Rev Gr TTM
Revenue Growth TTM
8.79%
PAT Gr TTM
PAT Growth TTM
47.20%
Peer Comparison
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RALLIS
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
RevenueCr
782832598436783928522430957861623456
Growth YoY
Revenue Growth YoY%
-9.4-12.5-5.1-16.60.111.5-12.7-1.422.2-7.219.46.0
Expenses
ExpensesCr
672699536430687762478450807707565457
Operating Profit
Operating ProfitCr
1101336269616644-2015015458-1
OPM
OPM%
14.116.010.41.412.317.98.4-4.715.717.99.3-0.2
Other Income
Other IncomeCr
36265106121216-2614
Interest Expense
Interest ExpenseCr
334853224321
Depreciation
DepreciationCr
252630333130293029302929
PBT
PBTCr
8511030-296514319-401291371-17
Tax
TaxCr
22286-817458-83435-1-2
PAT
PATCr
638224-21489811-32951022-15
Growth YoY
PAT Growth YoY%
-6.013.99.169.6-23.819.5-54.2-52.497.94.1-81.853.1
NPM
NPM%
8.19.94.0-4.86.110.62.1-7.49.911.80.3-3.3
EPS
EPS
3.34.21.3-1.12.55.00.6-1.74.95.20.1-0.8

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue
RevenueCr
1,5111,2881,3861,4981,9842,2522,4292,6042,9672,6482,6632,897
Growth
Revenue Growth%
-14.87.68.132.413.57.97.213.9-10.70.68.8
Expenses
ExpensesCr
1,2581,0821,1501,2721,7441,9902,1062,3302,7492,3372,3762,536
Operating Profit
Operating ProfitCr
253206235226239261323274218311287361
OPM
OPM%
16.816.017.015.112.111.613.310.57.411.810.812.5
Other Income
Other IncomeCr
25169931465027131633
Interest Expense
Interest ExpenseCr
5833565512181210
Depreciation
DepreciationCr
453842414662647491114120117
PBT
PBTCr
206165359191219239304222128196187250
Tax
TaxCr
603993506454755836486266
PAT
PATCr
14512626614115418522916492148125184
Growth
PAT Growth%
-13.2110.9-46.89.020.323.3-28.2-44.060.8-15.447.0
NPM
NPM%
9.69.819.29.47.88.29.46.33.15.64.76.3
EPS
EPS
7.56.513.77.37.89.511.88.44.77.66.49.5

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
Equity CapitalCr
191919191919191919191919
Reserves
ReservesCr
7798991,1061,1591,2661,3911,5721,6771,7111,8101,8852,024
Current Liabilities
Current LiabilitiesCr
3613183394828149579141,0779891,0189691,224
Non Current Liabilities
Non Current LiabilitiesCr
73738673608082857915610278
Total Liabilities
Total LiabilitiesCr
1,2321,3101,5511,7332,1592,4472,5872,8582,7983,0032,9743,345
Current Assets
Current AssetsCr
5125017489491,4101,6131,6541,7941,6441,7801,8662,309
Non Current Assets
Non Current AssetsCr
7218098037857498349331,0641,1531,2231,1091,036
Total Assets
Total AssetsCr
1,2321,3101,5511,7332,1592,4472,5872,8582,7983,0032,9743,345

Cash Flow

Consolidated
Standalone
Financial YearMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow
Operating Cash FlowCr
-579338216166217269295172
Investing Cash Flow
Investing Cash FlowCr
95-51-246-162-103-142-102-214-95
Financing Cash Flow
Financing Cash FlowCr
-92-52-74-67-61-41-184-80-66
Net Cash Flow
Net Cash FlowCr
-1-2318-13134-18111
Free Cash Flow
Free Cash FlowCr
-5251289841449201230
CFO To PAT
CFO To PAT%
-3.551.3182.294.6101.0235.8182.0235.893.5
CFO To EBITDA
CFO To EBITDA%
-2.233.1129.467.060.599.386.5102.947.6

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
4,4013,3045,0784,6003,2113,4154,9184,6273,7494,8724,1734,235
Price To Earnings
Price To Earnings
32.426.219.132.520.818.421.528.240.833.033.423.0
Price To Sales
Price To Sales
2.92.63.73.11.61.52.01.81.31.81.61.5
Price To Book
Price To Book
5.53.64.53.92.52.43.12.72.22.72.22.1
EV To EBITDA
EV To EBITDA
17.616.121.620.413.513.215.317.017.616.014.711.6
Profitability Ratios
Profitability Ratios
GPM
GPM%
41.542.842.642.141.038.339.337.634.540.440.640.4
OPM
OPM%
16.816.017.015.112.111.613.310.57.411.810.812.5
NPM
NPM%
9.69.819.29.47.88.29.46.33.15.64.76.3
ROCE
ROCE%
24.518.431.616.316.516.418.512.77.510.910.112.7
ROE
ROE%
18.213.723.612.012.013.214.49.75.38.16.69.0
ROA
ROA%
11.89.617.28.27.17.68.85.83.34.94.25.5
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Company Overview** **Rallis India Limited**, a subsidiary of **Tata Chemicals** and part of the **US$165 billion Tata Group**, is a leading agri-science company in India with over **77 years of experience** serving rural markets. Established on a legacy of deep agricultural understanding, Rallis operates across the entire agri-input value chain—research, manufacturing, distribution, and farmer engagement—to deliver science-based solutions in **Crop Care**, **Soil & Plant Health (SPH)**, and **Seeds**. The company is recognized for its **innovative product development**, **robust manufacturing capabilities**, and **extensive distribution network**, making it a preferred partner for multinational agrochemical firms in contract manufacturing and product development. --- ### **Core Business Segments** 1. **Crop Care** - **Crop Protection**: Offers herbicides, insecticides, and fungicides in both **domestic (B2C)** and **international (B2B)** markets. - **Crop Nutrition**: Focuses on non-subsidized fertilizers, including **bio-fertilizers, bio-pesticides, bio-stimulants, water-soluble fertilizers, organic manures (e.g., GeoGreen®)**, and **micronutrients (e.g., Nayazinc®)**. - **Geographic Reach**: Products are exported to **over 70 countries**, with key markets including the **U.S., Brazil, China, Bangladesh, France, and Malaysia**. 2. **Seeds** - Operates under the **Dhaanya** brand, one of India’s fastest-growing seed brands. - Key crops: **Cotton, Paddy, Maize, Bajra, Mustard, and Vegetables** (Tomato, Chilli, Gourds, Okra). - Notable success with **Diggaz Cotton Hybrid**, a high-yield, early-maturing variety with strong pest tolerance, driving significant market share in North India. - Collaborates with over **28,000 farmers across 10 states** for seed production. 3. **Soil & Plant Health (SPH/Biologicals)** - Launched **NuCode™** in Nov 2025—a new brand of science-based biological solutions representing a strategic shift toward **regenerative and sustainable agriculture**. - NuCode™ includes **bio-fertilizers, bio-stimulants, and bio-pesticides**, organized into **systematic solution sets** to reduce chemical input reliance. - Previous traction in SPH through **GEOGREEN®**, India's only patented enriched organic manure. --- ### **Strategic Initiatives & Growth Drivers (as of Nov 2025)** - **NuCode™ Launch (Nov 2025)** A milestone in Rallis’ sustainability journey, NuCode™ stands for **“Nutrition Code”** and targets modern, **framework-based biological farming**. It aligns with global and domestic trends toward climate-resilient agriculture and supports India’s **chemical-farming-to-regenerative-agri transition**. - **FullPage® & Dhanya Rice Hybrids Partnership** Strategic collaboration with **Paryan** to promote **FullPage® technology**—a system that modernizes rice cultivation by reducing water use, labor dependency, and weed management issues. Combined with **Dhanya rice hybrids**, this enhances **farming efficiency, sustainability, and profitability**. - **Digital Transformation & Analytics** Rallis leverages AI and ML to enhance decision-making and operational efficiency through platforms such as: - **SeedSay**: AI-powered demand forecasting and product placement in seeds business. - **Drishti 2.0**: Satellite-based remote sensing (including **Synthetic Aperture Radar - SAR**) to detect plant stress and forecast pest outbreaks. - **SeedSure**: NABL-accredited digital tracking system for hybrid seed quality monitoring. - **Anubandh Edge**: Unified digital platform for retailer engagement, sales transparency, and loyalty tracking. - **e-Bandhan & e-Sparsh**: CRM tools for distributor and sales team management. - **Enterprise WhatsApp Chatbot**: 24/7 multilingual support (10 Indian languages) for farmers. - **Expansion in Biologicals & Specialty Solutions (BSS)** - BSS is a key growth pillar, with new launches like **Aquafert Vegetable, Consorich N,P,K, and Ralli Neem 1500**. - Emphasis on **peptide- and enzyme-based bio-solutions** to meet rising demand for eco-friendly inputs. --- ### **Manufacturing & Innovation Infrastructure** - **Five owned crop care manufacturing facilities** in: - **Maharashtra**: Akola, Lote - **Gujarat**: Ankaleshwar, Dahej (CZ & SEZ) - **Two dedicated seed processing plants**: Kokkonda (owned), GP Pally & Medchal (third-party). - **Nine third-party manufacturing partners** under full supervision. - **NABL-accredited QA labs** at all manufacturing sites. - **State-of-the-art R&D centers in Bengaluru**: - **Rallis Innovation Chemistry Hub (RICH)**: Focuses on green chemistry, advanced formulations (e.g., Zeon Capsule Suspension), and CSM development. - **Agri-Biotech Centre**: Develops GM traits for insect resistance, herbicide tolerance, and drought resilience in crops like maize and cotton. **Process Innovation**: Transitioned critical **nitration process at Dahej to continuous (CSTR) mode**, reducing energy use by 35%, improving safety, quality, and throughput. --- ### **R&D & Innovation** - **Focus Areas**: - Green chemistry, flow chemistry, fluorination. - Genetic Male Sterility (GMS) in cotton. - Doubled haploidy, gene editing, genomic selection in seeds. - Development of **off-patent molecule combinations**, **novel adjuvants**, and **drone-compatible formulations**. - **Partnerships**: - Collaborates with **ICAR, State Agricultural Universities, CGIAR**, and global biotech firms (e.g., **Bio-Gene Technology** for **Flavocide®**, a nature-identical bio-insecticide with novel MoA). - Engaged in **co-development projects** to access new molecules and accelerate innovation. - **IP & Product Launches**: - Launched **8 new products in FY25** (e.g., cotton, rice, maize hybrids; herbicides, fungicides). - **Innovation Turnover Index** in high teens—>15% of revenue from recent launches. - 2025’s **LAAFA** herbicide (non-selective, broad-spectrum) and **Zaafu** (granular fungicide for paddy) show strong initial traction. --- ### **Distribution & Market Presence** - **Nationwide Reach**: - Serves **80% of India’s districts** via **7,000+ dealers** and **100,000+ retailers**. - Engages with **3 million farmers (Crop Care)** and **4 million (Seeds)** annually. - **Farmer-Centric Programs**: - **Dhaanya Progressive Farmer Initiative**: Early access to new seed launches, field demonstrations. - **Rallis Samrudh Krishi (RSK)**: Seasonal crop solution packages. - Conducts **field days, PDA trials, focus group discussions**, and **village-level meetings** for adoption support. - **Farmer Engagement Tools**: - **Rallis Krishi Samadhan App** – Provides real-time advice in 10 languages. - **Dr. Vishwas Helpline** and **Sampark App** for advisory and data collection. --- ### **Exports & Contract Manufacturing (CSM)** - **Global Exports**: - Serves **70+ countries**, offering **technical-grade active ingredients, bulk/small-pack formulations, and custom synthesis & manufacturing (CSM)**. - **US Business**: 85% technical supply (tariff-resilient); 15% formulation exports (tariff-affected). - Key products: **Metribuzin, Pendimethalin, Hexaconazole (global leader), Acephate, Metalaxyl-M**. - **CSM Leadership**: - Recognized for **formulation expertise, EHS compliance, and process development**. - Gaining traction in **Latin America, Africa, and ASEAN**. - Expanding capacity at **Dahej SEZ Multi-Purpose Plant (MPP)** to support CSM partners. - Strategic **“China+1” sourcing shift** benefits Rallis as global players seek Indian manufacturing partners. --- ### **Financial & Operational Highlights** | **KPI** | **Details** | |--------|-----------| | **Revenue Mix (Est.)** | Domestic ~60%, International ~40% (target) | | **Market Coverage** | 80% of Indian districts | | **R&D Investment** | ₹34–40 crore annually; 5–10 year innovation pipeline | | **Export Customers** | 200+ product registrations; 75+ B2B clients | | **Innovation Centers** | RICH & Agri-Biotech Centre, Bengaluru | | **Sustainability Goals** | “30 by 30” EHS initiative: 30% carbon reduction by 2030 | --- ### **Strategic Vision (FY2025–2026)** - **Domestic Focus**: Strengthen **herbicides, Seeds, and SPH** segments; increase **formulation and B2C margins**. - **International Expansion**: Grow **CSM and catalogue exports**; target **Europe, Africa, LATAM** via new registrations. - **Portfolio Optimization**: Phase out low-margin products; focus on **differentiated, higher-margin offerings**. - **Digital Integration**: Deepen **farmer and retailer digital engagement** through AI, remote sensing, and mobile platforms. - **Sustainability Leadership**: Position **NuCode™** and **GEOGREEN®** as flagship sustainable solutions. ---