Rallis India Ltd
NSE: RALLIS · Pesticides & Agrochemicals · sector
₹192.84NSE close 2026-10-26
Key numbers
Market cap₹3,664 cr
Price₹192.84
52w high / low₹298 / ₹193
P/E19.1xSector median 18.3x
P/B1.7xSector median 1.8x
Book value₹115.4
Dividend yield1.34%Sector median 0.55%
ROE9.3%Sector median 9.3%
ROCE12.4%Sector median 12.4%
OPM11.9%Sector median 10.4%
Debt / equity0.00xSector median 0.34x
EV/EBITDA9.8xSector median 10.8x
Interest cover39.0x
Current ratio2.10x
Sales growth 3y-0.8%Sector median +1.7%
Profit growth 3y+26.0%Sector median +2.3%
PEG0.73x
Last 12 months to Sep 2026, Standalone. "Sector median" = middle value of 29 companies in Pesticides & Agrochemicals (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹548 cr vs borrowings ₹7 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹137 cr → ₹7 cr).
- Operating profit covered interest 39.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY26).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 21% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹192.84 on 2026-10-26: -35.4% from the 52-week high, 0.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹380.20 · low ₹192.84
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 522 | 430 | 957 | 861 | 623 | 456 | 1,022 | 858 |
| EBITDA | 44 | -19 | 150 | 160 | 23 | 2 | 187 | 140 |
| OPM % | 8.4% | -4.4% | 15.7% | 18.6% | 3.7% | 0.4% | 18.3% | 16.3% |
| Other income | 6 | 11 | 12 | 10 | 9 | 11 | 13 | 8 |
| Net profit | 11 | -32 | 95 | 102 | 2 | -15 | 125 | 85 |
| EPS (₹) | 0.56 | -1.67 | 4.89 | 5.23 | 0.10 | -0.79 | 6.43 | 4.37 |
| Revenue YoY | +19.3% | +6.0% | +6.8% | -0.3% | ||||
| Profit YoY | -81.8% | – | +31.6% | -16.7% |
Standalone figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,604 | 2,967 | 2,648 | 2,663 | 2,897 | 2,959 |
| EBITDA | 274 | 219 | 312 | 287 | 335 | 352 |
| Net profit | 164 | 92 | 148 | 125 | 184 | 197 |
| EPS (₹) | 8.45 | 4.73 | 7.61 | 6.43 | 9.46 | 10.11 |
| Revenue growth | +13.9% | -10.8% | +0.6% | +8.8% | +6.8% | |
| Profit growth | -44.0% | +61.0% | -15.5% | +47.2% | +11.9% | |
| Dividend / share (₹) | 3.00 | 3.00 | 2.50 | 2.50 | 2.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -0.8% | +3.6% | +6.8% |
| Net profit | +26.0% | -4.3% | +11.9% |
| EPS | +26.0% | -4.3% | – |
| Share price | – | -22.9% (2y) | -29.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,730 | 1,829 | 1,904 | 2,043 |
| Borrowings | – | 137 | 133 | 63 | 7 |
| Cash & equivalents | – | 265 | 279 | 439 | 548 |
| Total assets | – | 2,798 | 3,003 | 2,974 | 3,345 |
| Fixed assets | – | 550 | 788 | 680 | 580 |
| Capital work in progress | – | 179 | 19 | 25 | 11 |
| Investments | – | 3 | 4 | 4 | 4 |
| Receivables | – | 499 | 579 | 541 | 616 |
| Inventory | – | 793 | 808 | 751 | 959 |
| Payables | – | 588 | 600 | 541 | 728 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 166 | 217 | 269 | 295 | 172 |
| Cash from investing | -103 | -142 | -102 | -214 | -95 |
| Cash from financing | -61 | -41 | -184 | -80 | -66 |
| Capex | 185 | 188 | 82 | 74 | 45 |
| Free cash flow | -19 | 29 | 187 | 221 | 127 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 5.3% | 8.1% | 6.6% | 9.0% |
| ROCE % | – | 7.5% | 10.9% | 10.1% | 12.7% |
| Debtor days | – | 61 | 80 | 74 | 78 |
| Inventory days | – | 149 | 187 | 173 | 203 |
| Payable days | – | 110 | 139 | 125 | 154 |
| Cash conversion cycle (days) | – | 100 | 128 | 122 | 127 |
| Working capital days | – | 80 | 105 | 123 | 137 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 55.08% |
| FIIs | 6.08% |
| DIIs | 10.63% |
| of which Mutual funds | 8.24% |
| of which Insurance | 2.06% |
| Government | 0.41% |
| Public (non-institutions) | 27.79% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 55.08% | 55.08% | 55.08% | 55.08% | 55.08% | 55.08% | 55.08% | 55.08% |
| Promoter group | % |
|---|---|
| Tata Chemicals Limited | 55.04% |
| Ewart Investments Limited | 0.04% |
| Tata Sons Private Limited | 0.00% |
| Ncourage Social Enterprise Foundation | 0.00% |
| Tata Chemicals International Pte. Ltd | 0.00% |
| Homefield Pvt. UK Limited | 0.00% |
| TC Africa Holdings Limited | 0.00% |
| Tata Chemicals South Africa Proprietary Limited | 0.00% |
| Tata Chemicals Magadi Limited | 0.00% |
| Magadi Railway Company Limited | 0.00% |
| TCE Group Limited | 0.00% |
| Natrium Holdings Limited | 0.00% |
| Cheshire Salt Limited | 0.00% |
| British Salt Limited | 0.00% |
| Brunner Mond Group Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| SBI Mutual Fund (Various Funds) | 4.98% |
| Bandhan Mutual Fund (Various Funds) | 1.79% |
| National Insurance Company Ltd | 1.10% |
1,39,826 shareholders. Pledged: 0.00% of promoter shares.
Peers in Pesticides & Agrochemicals
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| UPL | ₹42,056 cr | 20.6x | 1.2x | 6.3% | 11.9% | 17.8% | -1.1% | 1.16% |
| PIIND | ₹30,704 cr | 26.3x | 2.7x | 10.5% | 13.3% | 25.3% | +1.1% | 0.74% |
| SUMICHEM | ₹17,685 cr | 30.5x | 5.2x | 18.4% | 23.1% | 21.4% | -2.7% | 0.33% |
| BAYERCROP | ₹15,009 cr | 20.5x | 5.1x | 25.2% | 31.7% | 16.0% | +3.4% | 3.75% |
| SHARDACROP | ₹5,688 cr | 9.1x | 1.8x | 22.2% | 25.8% | 19.5% | +9.2% | 1.91% |
| DHANUKA | ₹3,709 cr | 14.0x | 2.2x | 17.4% | 21.1% | 19.2% | +5.9% | 0.25% |
| RALLIS | ₹3,664 cr | 19.1x | 1.7x | 9.3% | 12.4% | 11.9% | -0.8% | 1.34% |
| NACLIND | ₹2,650 cr | 221.7x | 3.9x | 2.2% | 6.0% | 5.8% | -9.2% | – |
| BHAGCHEM | ₹2,512 cr | 91.4x | 3.6x | 4.0% | 6.1% | 13.0% | +2.2% | 0.07% |
| GSPCROP | ₹2,010 cr | 17.3x | 2.6x | -0.4% | 15.9% | 11.9% | – | 0.15% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Agri Inputs | ₹2,876 cr | 99.3% | ₹217 cr | 7.5% |
| Others | ₹21 cr | 0.7% | ₹11 cr | 52.4% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-06-04 | Dividend | Dividend - Rs 3 Per Share |
| 2025-06-05 | Dividend | Dividend - Rs 2.50 Per Share |
| 2024-06-03 | Dividend | Dividend - Rs 2.50 Per Share |
| 2023-05-30 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2022-06-06 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2021-06-09 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2020-06-17 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2019-06-19 | Dividend | Annual General Meeting/ Dividend - Rs 2.50 Per Share |
| 2018-06-19 | Dividend | Annual General Meeting/Dividend- Rs 2.50 Per Share |
| 2017-06-09 | Dividend | Annual General Meeting/ Dividend -Rs 2.50 Per Share /Special Dividend-Rs 1.25 Per Share |
| 2016-06-10 | Dividend | Annual General Meeting/ Dividend - Rs 2.50/- Per Share |
| 2015-06-12 | Dividend | Annual General Meeting/Dividend - Rs 1.50/- Per Share |
| 2014-10-29 | Dividend | Interim Dividend Re.1/- Per Share |
| 2014-06-13 | Dividend | Annual General Meeting / Dividend - Rs 1.40/- Per Share |
| 2013-10-30 | Dividend | Interim Dividend - Re 1/- Per Share |
| 2013-06-07 | Dividend | Annual General Meeting/Dividend Rs 1.30/- Per Share |
| 2012-10-29 | Dividend | Interim Dividend Re 1 Per Share |
| 2012-06-11 | Dividend | Annual General Meeting And Dividend - Rs.1.20 Per Share |
| 2011-11-01 | Dividend | Interim Dividend Re.1/- Per Share |
| 2011-07-15 | Split | Face Value Split From Rs.10/- To Re.1/- |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Crop Care and Seeds: Manufacturing, Distribution, Trading, Sales & Marketing of Crop Protection and Soil & Plant Health products and a variety of field crop and vegetable seeds
| Sector | Commodities |
| Industry | Pesticides & Agrochemicals |
| Sub-industry | Pesticides & Agrochemicals |
| Symbol | RALLIS |
| BSE code | 500355 |
| ISIN | INE613A01020 |
| Face value | ₹1.0 |
| Incorporated | 1948-08-23 |
| Website | www.rallis.com |
| Plants (India / abroad) | 7 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.