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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Rallis India Ltd

About the Company - Rallis India Ltd

Rallis India Ltd. is a Public Limited Listed company incorporated on 23/08/1948 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L36992MH1948PLC014083 and registration number is 014083. Currently company belongs to the Industry of Agro Chemicals/Pesticides. Company’s Total Operating Revenue is Rs. 2603.93 Cr. and Equity Capital is Rs. 19.45 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Agro Chemicals/Pesticides23rd Floor, Lodha Excelus, Mumbai Maharashtra 400037investor_relations@rallis.co.in
http://www.rallis.co.in
Management
NamePosition Held
Mr. Bhaskar BhatChairman, Non Ind & Non Exe Director
Mr. Sanjiv LalManaging Director & CEO
Mr. R MukundanNon Exe.Non Ind.Director
Ms. Padmini Khare KaickerInd. Non-Executive Director
Dr. C V NatrajInd. Non-Executive Director
Dr.(Mrs.) Punita Kumar SinhaInd. Non-Executive Director

Rallis India Ltd. Share Price Update

Share PriceValue
Today₹252.00
Previous Day₹257.40

Basic Stock Data of Rallis India Ltd

Market Cap 4,683 Cr.
Current Price 241
High / Low274/186
Stock P/E47.2
Book Value 93.9
Dividend Yield0.00 %
ROCE7.77 %
ROE5.37 %
Face Value 1.00

Data Source: screener.in

Competitors of Rallis India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Phyto Chem (India) Ltd 16.8 Cr. 39.055.6/25.8 20.20.00 %7.55 %1.90 % 10.0
NACL Industries Ltd 1,428 Cr. 71.7105/67.8 26.90.98 %15.2 %18.0 % 1.00
Meghmani Organics Ltd 2,212 Cr. 87.099.8/71.7 62.31.62 %16.1 %14.2 % 1.00
Sharda Cropchem Ltd 3,322 Cr. 368580/36238.1 2321.63 %20.8 %15.9 % 10.0
Adarsh Plant Protect Ltd 27.6 Cr. 27.933.5/15.086.4 1.080.00 %5.44 %15.6 % 10.0
Industry Average10.08 Cr118.7224.968.50.85%13.02%13.12%6.4

Rallis India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales725570471741728628508863951630523782832
Expenses608510453619640561510750834577587672699
Operating Profit11760181228867-311311753-64110133
OPM %16%11%4%16%12%11%-1%13%12%8%-12%14%16%
Other Income1514107757522436
Interest1111111223533
Depreciation20111518181820252222232526
Profit before tax11062121097653-16919530-8885110
Tax %24%26%30%24%26%25%13%26%24%25%22%26%25%
Net Profit83468825640-14677223-696382
EPS in Rs4.272.350.424.242.902.03-0.733.453.701.16-3.553.244.22

Rallis India Ltd Quarterly Chart

Rallis India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,1681,3151,5191,4931,2881,3861,4981,9842,2522,4292,6042,9672,735
Expenses9681,1101,2691,2371,0791,1481,2701,7411,9872,1042,3232,7462,494
Operating Profit200205250255209238228243265325281221241
OPM %17%16%16%17%16%17%15%12%12%13%11%7%9%
Other Income-10116251689304649221315
Interest13151071046810771415
Depreciation272936453842414662647491104
Profit before tax150173209206165359191219239304222128137
Tax %32%31%30%29%24%26%26%29%22%25%26%28%
Net Profit10111914614512626614115418522916492100
EPS in Rs5.216.147.537.486.4913.687.287.939.5411.768.454.735.14
Dividend Payout %42%37%32%33%39%27%34%32%26%26%36%53%

Rallis India Ltd Profit & Loss Yearly Chart

Rallis India Ltd Growth

Compounded Sales Growth
10 Years:8%
5 Years:15%
3 Years:10%
TTM:-7%
Compounded Profit Growth
10 Years:-2%
5 Years:-8%
3 Years:-20%
TTM:-32%
Stock Price CAGR
10 Years:5%
5 Years:9%
3 Years:-2%
1 Year:21%
Return on Equity
10 Years:13%
5 Years:11%
3 Years:10%
Last Year:5%

Rallis India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital19191919191919191919191919
Reserves5346026947798991,1061,1591,2661,3911,5721,6771,7111,807
Borrowings11684407536222173947693137129
Other Liabilities3603613843593564045338019449201,0699311,107
Total Liabilities1,0291,0661,1371,2321,3101,5511,7332,1592,4472,5872,8582,7983,062
Fixed Assets3523723953733423503515815936317717581,042
CWIP50271314242325517616413023755
Investments181193219232305534390109302283212223111
Other Assets4464745106146396449681,4191,4761,5081,7451,5801,854
Total Assets1,0291,0661,1371,2321,3101,5511,7332,1592,4472,5872,8582,7983,062

Rallis India Ltd Reserves and Borrowings Chart

Rallis India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 9914715564218353-579338216166217
Cash from Investing Activity -66-39-65-42-134-27595-51-246-162-103-142
Cash from Financing Activity -34-94-105-24-52-74-92-52-74-67-61-41
Net Cash Flow-114-15-2323-1-2318-13134

Rallis India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days264033505259898273616361
Inventory Days1238899114128121170224193200227158
Days Payable120991018595113167178176156182117
Cash Conversion Cycle2829328085689212990105107102
Working Capital Days9-316465151939260677262
ROCE %28%26%30%26%19%20%17%18%17%19%14%8%

Rallis India Ltd Financial Efficiency Indicators Chart

Rallis India Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters50.09%50.09%50.09%50.09%50.09%50.09%50.09%50.09%50.09%50.09%50.09%55.08%
FIIs8.16%7.58%7.12%6.56%6.03%6.08%6.02%6.01%7.00%7.09%7.69%8.23%
DIIs16.01%15.94%17.34%16.19%16.41%16.07%15.16%15.27%14.87%14.47%13.51%14.44%
Government0.41%0.41%0.41%0.41%0.41%0.41%0.41%0.41%0.41%0.41%0.41%0.41%
Public25.32%25.97%25.04%26.75%27.06%27.35%28.32%28.20%27.63%27.92%28.28%21.84%
No. of Shareholders77,57688,96888,4921,03,2091,12,0731,24,3391,36,1351,35,4661,28,5591,29,2131,36,3511,35,352

Rallis India Ltd Shareholding Pattern Chart

No. of Rallis India Ltd Shareholders

Rallis India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
SBI Long Term Equity Fund66541790.9154.91
SBI Contra Fund52988440.65123.36
Nippon India Small Cap Fund49815740.28115.97
Tata Small Cap Fund28048571.0365.3
Bandhan Multi Cap Fund8500001.1919.79
HDFC Multi Cap Fund7689070.1817.9
SBI Multi Asset Allocation Fund5000000.4312.67
Templeton India Equity Income Fund5000000.6811.64
Templeton India Value Fund2750000.426.4
Nippon India Nifty Smallcap 250 Index Fund605660.171.41

Rallis India Ltd ROCE Trend

Rallis India Ltd EPS Trend

Rallis India Ltd Key Financial Ratios

MonthMar 22Mar 21Mar 20Mar 19Mar 18
FaceValue1.001.001.001.001.00
Basic EPS (Rs.)8.4411.759.517.998.62
Diluted EPS (Rs.)8.4411.759.517.998.62
Cash EPS (Rs.)12.2615.0512.6110.3310.97
Book Value[Excl.RevalReserv]/Share (Rs.)87.2481.8472.5166.2261.28
Book Value[Incl.RevalReserv]/Share (Rs.)87.2481.8472.5166.2261.28
Revenue From Operations / Share (Rs.)133.90124.93115.79102.0292.09
PBDIT / Share (Rs.)15.5018.6815.1013.9714.28
PBIT / Share (Rs.)11.6815.3911.9411.6011.90
PBT / Share (Rs.)11.4415.6112.2111.3311.67
Net Profit / Share (Rs.)8.4411.759.457.968.59
NP After MI And SOA / Share (Rs.)8.4411.759.507.998.62
PBDIT Margin (%)11.5714.9513.0413.6815.50
PBIT Margin (%)8.7212.3110.3111.3612.91
PBT Margin (%)8.5412.4910.5411.1012.67
Net Profit Margin (%)6.309.408.157.809.32
NP After MI And SOA Margin (%)6.309.408.207.839.35
Return on Networth / Equity (%)9.6714.3613.1112.0814.07
Return on Capital Employeed (%)12.7517.8715.5016.7218.15
Return On Assets (%)5.748.827.547.188.38
Long Term Debt / Equity (X)0.000.000.010.010.01
Total Debt / Equity (X)0.030.020.040.050.01
Asset Turnover Ratio (%)0.950.960.970.950.86
Current Ratio (X)1.671.811.701.741.71
Quick Ratio (X)0.790.970.960.900.92
Inventory Turnover Ratio (X)1.841.921.871.921.83
Dividend Payout Ratio (NP) (%)35.5221.2726.3031.2843.50
Dividend Payout Ratio (CP) (%)24.4616.6119.7324.1334.08
Earning Retention Ratio (%)64.4878.7373.7068.7256.50
Cash Earning Retention Ratio (%)75.5483.3980.2775.8765.92
Interest Coverage Ratio (X)62.9769.7748.0551.7664.49
Interest Coverage Ratio (Post Tax) (X)35.2943.0829.1830.5039.79
Enterprise Value (Cr.)4622.194901.563428.933235.574587.95
EV / Net Operating Revenue (X)1.772.021.521.632.56
EV / EBITDA (X)15.3313.4911.6811.9116.52
MarketCap / Net Operating Revenue (X)1.782.021.521.622.57
Retention Ratios (%)64.4778.7273.6968.7156.49
Price / BV (X)2.733.092.422.503.86
Price / Net Operating Revenue (X)1.782.021.521.622.57
EarningsYield0.030.040.050.040.03

Rallis India Ltd Profitability Ratios (%)

Rallis India Ltd Liquidity Ratios

Rallis India Ltd Liquidity Ratios (%)

Rallis India Ltd Interest Coverage Ratios (X)

Rallis India Ltd Valuation Ratios

Fair Value / Intrinsic Value of Rallis India Ltd

Fair Value: ₹242.76

The stock is undervalued by 0.73% compared to the current price ₹241

*Investments are subject to market risks

Strength and Weakness of Rallis India Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 20.17%, which is a positive sign.
  2. The company has higher reserves (1,169.00 cr) compared to borrowings (76.62 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (1.38 cr) and profit (207.85 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 12.50 and average Dividend Yield of 11.12%.
  2. The stock has a high average Working Capital Days of 51.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 78.92, which may not be favorable.

Should I Buy Rallis India Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Rallis India Ltd:
    1. Net Profit Margin: 6.30%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 12.75% (Industry Average ROCE: 17.93%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. Interest Coverage Ratio (Post Tax): 35.29
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    4. Quick Ratio: 0.79
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    5. ✗ Stock P/E: 47.2 (Industry average Stock P/E: 11.84)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    6. ✓ Total Debt / Equity: 0.03
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Rallis India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE