RALLIS

Rallis India Limited

Crop protection and seeds company with agrochemicals and cotton/maize seeds

Commodities›Chemicals›Fertilizers & Agrochemicals›Pesticides & Agrochemicals

rallis.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹204.93
Market cap
3,985 Cr
Stock P/E
18.6
P/B
1.91
Dividend yield
1.2%
ROE (FY22)
9.7%
ROCE (FY22)
12.8%
Operating margin (FY22)
7.7%
Debt / equity (FY22)
0.05
OCF / EBITDA (FY26)
47.6%
OCF / EBITDA (3Y)
76.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Rallis India sells crop protection products (insecticides, herbicides and fungicides), seeds and soil and plant health products to Indian farmers through dealers and distributors, and also exports agrochemicals and supplies other companies under contract.

Company snapshot

6thBy market cap

Ranked among 23 companies in Pesticides & Agrochemicals.

What we see

Positives
  • ✓Debt-to-equity of 0.05x — the company is largely funded by its own money, not borrowed funds.
2 more signals from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales832 Cr598 Cr436 Cr783 Cr928 Cr522 Cr430 Cr957 Cr861 Cr623 Cr456 Cr1,022 Cr
Operating expenses (approx.)699 Cr536 Cr430 Cr687 Cr762 Cr478 Cr450 Cr807 Cr707 Cr565 Cr457 Cr837 Cr
EBITDA133 Cr62 Cr6 Cr96 Cr166 Cr44 Cr-20 Cr150 Cr154 Cr58 Cr-1 Cr185 Cr
OPM %16.0%10.4%1.4%12.3%17.9%8.4%-4.7%15.7%17.9%9.3%-0.2%18.1%
Other income5 Cr2 Cr6 Cr5 Cr10 Cr6 Cr11 Cr12 Cr10 Cr9 Cr11 Cr13 Cr
Interest3 Cr4 Cr8 Cr5 Cr3 Cr2 Cr2 Cr4 Cr3 Cr2 Cr1 Cr2 Cr
Depreciation26 Cr30 Cr33 Cr31 Cr30 Cr29 Cr30 Cr29 Cr30 Cr29 Cr29 Cr30 Cr
Profit before tax110 Cr30 Cr-29 Cr65 Cr143 Cr19 Cr-40 Cr129 Cr137 Cr1 Cr-17 Cr168 Cr
Tax %25.5%20.0%27.6%26.2%31.5%42.1%20.0%26.4%25.5%-100.0%11.8%25.6%
Net profit82 Cr24 Cr-21 Cr48 Cr98 Cr11 Cr-32 Cr95 Cr102 Cr2 Cr-15 Cr125 Cr
EPS (₹)₹4.23₹1.25₹-1.07₹2.46₹5.04₹0.56₹-1.67₹4.89₹5.23₹0.10₹-0.79₹6.43

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,490 Cr1,516 Cr1,672 Cr2,252 Cr2,429 Cr2,604 Cr2,967 Cr2,648 Cr2,663 Cr2,897 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,255 Cr1,290 Cr1,465 Cr1,990 Cr2,106 Cr2,330 Cr2,749 Cr2,337 Cr2,377 Cr2,536 CrSign in free for the trailing twelve months
EBITDA235 Cr226 Cr206 Cr261 Cr323 Cr274 Cr218 Cr311 Cr286 Cr361 CrSign in free for the trailing twelve months
OPM %15.8%14.9%12.3%11.6%13.3%10.5%7.4%11.7%10.7%12.5%Sign in free for the trailing twelve months
Other income11 Cr9 Cr26 Cr34 Cr40 Cr27 Cr13 Cr16 Cr32 Cr42 CrSign in free for the trailing twelve months
Interest3 Cr3 Cr5 Cr6 Cr5 Cr5 Cr12 Cr18 Cr12 Cr10 CrSign in free for the trailing twelve months
Depreciation42 Cr41 Cr39 Cr62 Cr64 Cr74 Cr91 Cr114 Cr120 Cr117 CrSign in free for the trailing twelve months
Profit before tax359 Cr191 Cr188 Cr239 Cr304 Cr222 Cr128 Cr196 Cr187 Cr250 CrSign in free for the trailing twelve months
Tax %26.0%26.0%31.3%22.5%24.7%26.2%28.2%24.5%33.2%26.4%Sign in free for the trailing twelve months
Net profit266 Cr141 Cr129 Cr185 Cr229 Cr164 Cr92 Cr148 Cr125 Cr184 CrSign in free for the trailing twelve months
EPS (₹)₹13.68₹7.28₹6.63₹9.54₹11.76₹8.45₹4.73₹7.61₹6.43₹9.46Sign in free for the trailing twelve months
Dividend payout %————21.3%35.6%63.5%33.1%39.2%26.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr19 Cr
Reserves1,106 Cr1,159 Cr1,229 Cr1,391 Cr1,572 Cr1,677 Cr1,711 Cr1,810 Cr1,885 Cr2,024 Cr
Borrowings21 Cr18 Cr68 Cr76 Cr59 Cr93 Cr137 Cr133 Cr63 Cr7 Cr
Other liabilities404 Cr537 Cr539 Cr961 Cr937 Cr1,069 Cr931 Cr1,041 Cr1,007 Cr1,295 Cr
Total liabilities1,551 Cr1,733 Cr1,855 Cr2,447 Cr2,587 Cr2,858 Cr2,798 Cr3,003 Cr2,974 Cr3,345 Cr
Fixed assets (net)338 Cr343 Cr349 Cr387 Cr424 Cr564 Cr550 Cr788 Cr680 Cr580 Cr
CWIP12 Cr12 Cr13 Cr29 Cr106 Cr56 Cr179 Cr19 Cr25 Cr11 Cr
Investments534 Cr390 Cr374 Cr303 Cr284 Cr212 Cr223 Cr252 Cr413 Cr507 Cr
Inventories244 Cr375 Cr430 Cr699 Cr763 Cr938 Cr793 Cr808 Cr751 Cr959 Cr
Trade receivables226 Cr365 Cr417 Cr450 Cr406 Cr446 Cr499 Cr579 Cr541 Cr616 Cr
Cash & bank4 Cr3 Cr35 Cr46 Cr9 Cr11 Cr44 Cr27 Cr28 Cr39 Cr
Other assets192 Cr246 Cr237 Cr534 Cr595 Cr632 Cr510 Cr530 Cr536 Cr633 Cr
Total assets1,551 Cr1,733 Cr1,855 Cr2,447 Cr2,587 Cr2,858 Cr2,798 Cr3,003 Cr2,974 Cr3,345 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity353 Cr-5 Cr55 Cr338 Cr216 Cr166 Cr217 Cr269 Cr295 Cr172 Cr
Cash from investing-275 Cr95 Cr-9 Cr-246 Cr-162 Cr-103 Cr-142 Cr-102 Cr-214 Cr-95 Cr
Cash from financing-74 Cr-92 Cr-50 Cr-74 Cr-67 Cr-61 Cr-41 Cr-184 Cr-80 Cr-66 Cr
Net cash flow3 Cr-1 Cr-4 Cr18 Cr-13 Cr1 Cr34 Cr-17 Cr1 Cr11 Cr
Free cash flow (OCF − Capex)297 Cr-54 Cr21 Cr259 Cr48 Cr-19 Cr29 Cr187 Cr221 Cr127 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
ROCE %33.7%19.1%16.6%16.4%18.7%12.8%
ROE %26.8%14.1%12.1%13.1%14.4%9.7%
Debtor days548082736162
Inventory days181231205199197219
Days payable151214163181154175
Cash conversion cycle849712591104106
OCF / EBITDA %154.6%15.6%33.2%129.9%67.1%60.5%
OCF / EBITDA % (3 years)——68.8%59.9%77.0%84.0%
Debt / equity0.030.020.050.050.040.05
Current ratio1.831.711.741.691.811.66
Net debt / EBITDA0.12-0.030.110.120.150.25