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Rallis India Ltd was built-in the year 1948. A part of the prestigious Tata Group, the
corporation is engaged in manufacturing and trade of Agri Inputs. Rallis India Ltd is
present across the sequence of agricultural participation - right from seeds to organic
nutrients along with a set of farming services. The company is having state-of-art
manufacturing facilities at Gujarat and Maharashtra. During the year 2000-2001 seed
processing and research infrastructure facilities were established by them at Telangana.
The company is the foremost manufacturer and distributor of agro-based resources from
an assortment of forest products with a healthy merchandise portfolio including
comprehensive crop care solutions ranging from pesticides, fungicides, insecticides,
seeds and plant growth nutrients. An innovation strategy namely 'Serving Farmers
through Science' enabling farmers to progress their output is being developed by them.
A strong distribution network with dealers and retailers reaching up to a massive amount
of crop growers covering maximum districts of the country along with exporting the
products across boundaries is their strong suit.

2

AGRO-CHEMICALS AND PESTICIDES INDUSTRY IN INDIA
 Chemicals industry in our country is de-licensed, apart from for few unsafe
chemicals and is likely to contribute US$ 300 billion (approximately) to India’s
GDP by 2025.
 India holds a strong position in exports and imports of chemicals at a global level
(excluding pharmaceuticals) having more than 80,000 business-related
merchandise with overall market size standing at US$ 178 billion (approximately)
in 2018-19 in lieu of governments initiatives like Atmanirbhar Bharat, Make In
India and other Go Global Programmes.
 The Indian crop protection substance market is considered to observe a CAGR of
4.6% (approximately) during 2022-2027. Crop growing is the spine of India's
economy as it makes use of roughly half of the Nation’s workforce involvement
contributing significantly to India's GDP. Farmers had to bear major loss if their
crops are being attacked by pests and weeds. Crop shield chemicals can play a
very important role when sensibly applied, defending the crop thereby increasing
farm output.
 The bio- pesticides market is likely to observe the fastest growth having more
significance today since trends show that populace prefer more eco-friendly
options. With the need for rising crop yields, the requirement for crop protection
chemicals is expected to increase at a vigorous pace.
 In 2021, in India, the Ministry of Cooperation had made an announcement during
the ‘’National Conclave on Natural Farming”, making efforts to set up a network of
laboratories in the country certifying natural or chemical free farming. NGOs like
CropLife India which is wholly committed to raise awareness on the healthy use
of crop protection products can play an important role helping farmers reap
benefits from new age technology for improved crop growing as well.

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 The projected increase in agricultural credit in the budget for 21-22 is a factor for
growth for the agrochemical sector thereby helping the MSMEs.

VALUATION
INDUSTRY AMOUNT IN RS.
SECTOR AGRO CHEMICALS
FACE VALUE 1
BOOK VALUE 87
MKT.CAP (CRORE) 4437
CLOSING PRICE AS ON ( 25 /
08 / 22)

228

52 WEEK H / L 325 / 183
5 YRS H / L 362 / 127
DIVIDEND YIELD 1.31%
SECTOR PE 41
TRAILING TWELVE MONTHS
PE

27

TRAILING TWELVE MONTHS
EPS

8.44

PRICE BOOK VALUE 3
BSE CODE 500355
NSE CODE RALLIS

4
BALANCE SHEET AND INCOME STATEMENT
EQUITY AND
LIABILITIES
PARTICULARS
(RS.CR)

MAR ’ 22 MAR ’ 21 MAR ’ 20 MAR ’ 19 MAR ’ 18

EQUITY SHARE
CAPITAL

19.45 19.45 19.45 19.45 19.45

TOTAL RESERVE
& SURPLUS

1,677.21 1,571.93 1,390.55 1,266.37 1,159.40

TOTAL CURRENT
LIABILITIES

1,076.66 914.46 950.89 814.12 481.86

TOTAL ASSETS 2,858.04 2,587.40 2,447.24 2,159.48 1,733.46
9 MONTHS
RESULTS
PARTICULARS
( RS.CR)

DEC ’ 21 DEC ’ 20 DEC ’ 19 DEC ’ 18 DEC ’ 17

TOTAL INCOME
FROM
OPERATIONS

2,096.39 1,958.18 1,905.10 1,353.85 1,149.36

BASIC EPS 9.17 11.34 9.41 6.05 5.97
NET PROFIT 178.41 220.45 182.92 117.59 116.13

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SHARE HOLDING PATTERN
SHAREHOLDING
PATTERN ( JUNE 2022)

% HELD

PROMOTERS 50
FII/FPI 06
DII 15
PUBLIC 28

CHART - SHARE PRICE MOVEMENT – 1 YEAR

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Note: Prices from July 2021 has been considered to chart the graph.

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COMPANY PERSPECTIVE AND REVIEW
 Rallis India Ltd is one of the few companies which is debt free and has
continuously paid dividends over the years. The company also highlighted growth
of exports than other segments.
 The stock gave a 3 year return of 42.23% (approximately) as compared to Nifty
Smallcap 100 which gave a return of 79% (approximately) and is not in the
overbought zone.
 Key Metrics of the company like sales growth, profitability, cash flow and various
financial ratios makes the scrip a good BUY for the potential investors.