Rallis India Ltd
Rallis India, a Tata Group company Group Co., has a history of over 150 years. The company is into manufacturing of Agrochemicals and is present across the value chain of agriculture inputs - from seeds to organic plant growth nutrients. Rallis is also in the business of contract manufacturing for global corporations. [1]
Strengths
- +Company is almost debt free.
- +Company has been maintaining a healthy dividend payout of 34.2%
Weaknesses
- −The company has delivered a poor sales growth of 3.58% over past five years.
- −Company has a low return on equity of 8.43% over last 3 years.
- −Working capital days have increased from 86.7 days to 131 days
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 55.08% | 55.08% | 55.08% | 55.08% | 55.08% | 55.08% | 55.08% | 55.08% |
| FIIs | 9.46% | 10.58%▲1.1 | 11.86%▲1.3 | 11.41%▼0.4 | 11.28%▼0.1 | 14.2%▲2.9 | 12.08%▼2.1 | 11.55%▼0.5 |
| DIIs | 13.26% | 13.83%▲0.6 | 13.29%▼0.5 | 13.78%▲0.5 | 13.84%▲0.1 | 11.2%▼2.6 | 11.3%▲0.1 | 11.32%▲0.0 |
| Public | 21.79% | 20.09%▼1.7 | 19.35%▼0.7 | 19.31%▼0.0 | 19.37%▲0.1 | 19.12%▼0.3 | 21.14%▲2.0 | 21.64%▲0.5 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 598 | 436 | 783 | 928 | 522 | 430 | 957 | 861 | 623 | 456 |
| Expenses | 536 | 430 | 687 | 762 | 478 | 450 | 807 | 707 | 565 | 457 |
| Operating Profit | 62 | 6 | 96 | 166 | 44 | -20 | 150 | 154 | 58 | -1 |
| OPM % | 10% | 1% | 12% | 18% | 8% | -5% | 16% | 18% | 9% | 0% |
| Net Profit | 24 | -21 | 48 | 98 | 11 | -32 | 95 | 102 | 2 | -15 |
| EPS ₹ | 1.23 | -1.08 | 2.47 | 5.04 | 0.57 | -1.65 | 4.89 | 5.25 | 0.1 | -0.77 |
AI Insights
Mar 2026 revenue at ₹2,897Cr, up 8.8% YoY. OPM at 12%.
Borrowings at ₹61Cr. Debt-to-equity ratio: 0.03x. Healthy balance sheet.
CWIP at ₹11Cr (1% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 11.32% (-2.19pp change). FIIs: 11.55% (+3.86pp change). Promoters hold 55.08%.
ROCE declining from 26% (Mar 2015) to 14% (Mar 2026). Working capital days: 131.
PE 24.7x with 14% ROCE. Price is 144% above book value of ₹105. Dividend yield: 1.14%.
Recent Announcements
- Communication To Shareholders - Intimation On Tax Deduction On Dividend 14 May - Rallis recommends Rs 3.00 dividend per share for FY26; AGM on June 23, 2026, with TDS instructions.
- Intimation To The Holders Of Physical Securities For Furnishing KYC Details 13 May - Rallis India asks physical shareholders to update PAN, bank and KYC details by SEBI requirements.
- Announcement under Regulation 30 (LODR)-Date of payment of Dividend 13 May - 78th AGM on June 23, 2026; record date June 4 for ₹3 dividend.
- Intimation Of Record Date For Payment Of Dividend, If Declared At The AGM For The Financial Year 2025-26 13 May
- Intimation Of 78Th Annual General Meeting Of The Company 13 May - AGM on June 23, 2026; record date June 4 for ₹3 dividend, payable June 25.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse