Rallis India Ltd
RALLISRallis India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it.
Biggest watch item: the price is not yet in a confirmed uptrend — timing risk, not thesis risk.
The price is in a downtrend (36 weeks in) while the P/E sits at the 52nd percentile of its own 10-year range. Underneath, the last four quarters read deteriorating — profit −275.0% year on year, and 125% of the last 3 years' profit arrived as cash. What settles it: the next one or two quarters of delivery.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Rallis India Ltd trades at ₹234, in a downtrend and 36 weeks into that stage. That is −9.6% against its own 200-day average. It sits at 7% of a 52-week range of ₹222 to ₹379. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (14 weeks and counting).
Today the stock is in a downtrend — week 36 of stage 4, confirmed. At ₹234 it trades −9.6% versus its 200-day average and sits at 7% of its 52-week range (₹222–₹379).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +49% while the NIFTY 500 moved +274% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (14 weeks and counting; last ahead the week of 2026-05-15) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 52nd percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Rallis India Ltd trades at 26.9× P/E, mid-range by its own standards (52nd percentile). Its long-run median P/E is 26.9×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 26.9× is mid-range by its own standards (52nd percentile), against a long-run median of 26.9× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −28.2% against a −35.4% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the −7.1%/yr price move, ~−5.7%/yr came from earnings growth and ~−1.4 pp from the multiple (compressing); over 10y, of the +1.1%/yr price move, ~+0.3%/yr came from earnings growth and ~+0.8 pp from the multiple (roughly flat). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Rallis India Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE slipping at 13.0% — the per-curve reads carry the story. The read is built from 9 quarters across 3 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +7.2% | +9.5% | +9.4% | +7.7% |
| Profit | −28.4% | +1.9% | −11.2% | +5.0% |
| EPS | −28.2% | +1.8% | −11.2% | +5.2% |
| Share price | −35.4% | +3.4% | −7.1% | +1.1% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
47.9/100 — rank 15 of 24 in Pesticides/Agrochemicals · 91% evidence confidence
Rallis India Ltd scores 47.9 out of 100 against the 24 companies it is compared with in Pesticides/Agrochemicals, ranking 15. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 15.9 + 11.7 + 11.3 + 9 = 47.9. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Rallis India Ltd reported ₹508 Cr of revenue in the Mar 22 quarter, +7.9% year on year. That is the 6th straight quarter of year-on-year growth. Over 10 years it has compounded at 7.7% a year. The last full year, FY22, came in at ₹2,604 Cr. The last four reported quarters add to ₹2,605 Cr.
Rallis India Ltd reported ₹508 Cr of revenue in the Mar 22 quarter, +7.9% year on year. That is the 6th straight quarter of year-on-year growth. Over 10 years it has compounded at 7.7% a year. The last full year, FY22, came in at ₹2,604 Cr. The last four reported quarters add to ₹2,605 Cr.
FY22 revenue came in at ₹2,604 Cr (+7.2% on the year), capping 10 years at 7.7% compound. The latest quarter (Mar 22) printed ₹508 Cr, +7.9% year on year — the 6th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +7.6% growth against the decade's 7.7% — the current year is running in line with its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +7.2% over the last 4 quarters against +7.6%/yr over the last 8 — stabilising; TTM profit −28.4% vs −7.6%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: −1.0% this quarter (−5.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Rallis India Ltd's operating margin is −1.0% in the Mar 22 quarter, −5.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 11.0% to 18.0%. The current quarter is running below every full year in that window.
Rallis India Ltd's operating margin is −1.0% in the Mar 22 quarter, −5.0 percentage points against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 11.0% to 18.0%. The current quarter is running below every full year in that window.
The latest quarter's operating margin is −1.0%, −5.0 pp against the same quarter a year ago. Across 12 fiscal years the operating margin has ranged 11.0%–18.0%.
🚨 Why the margin moved: operating margin went −4.3 pp year on year while gross margin went −6.6 pp — the loss came mostly from the gross line: input costs and pricing.
→ Margins slipped — did that reach the bottom line? Next: profit −275.0% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Rallis India Ltd posted a net loss of ₹14.0 Cr in the Mar 22 quarter. Full-year FY22 profit was ₹164 Cr. The 10-year compound rate is 5.0%. That loss is 2.8% of the quarter's revenue. The same quarter a year earlier earned ₹8.0 Cr. 1 of the last 12 reported quarters were loss-making.
Rallis India Ltd posted a net loss of ₹14.0 Cr in the Mar 22 quarter. Full-year FY22 profit was ₹164 Cr. The 10-year compound rate is 5.0%. That loss is 2.8% of the quarter's revenue. The same quarter a year earlier earned ₹8.0 Cr. 1 of the last 12 reported quarters were loss-making.
Mar 22 profit was ₹−14.0 Cr, −275.0% year on year. On the full year, FY22 printed ₹164 Cr (−28.4%), and the 10-year compound rate is 5.0%.
🚨 Why profit moved: revenue contributed +7.9% and the margin −5.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit −82.8% vs revenue +7.6%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 125% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 125% of Rallis India Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY22 that was ₹166 Cr of operating cash against ₹164 Cr of profit. After ₹180 Cr of capital spending, ₹−14.0 Cr was left as free cash.
FY22: operating cash of ₹166 Cr against reported profit of ₹164 Cr, leaving free cash of ₹−14.0 Cr after ₹180 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 125% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 125%: the cash cycle stretched 21 days between FY17 and FY22 — more of each rupee of profit waits inside the cycle before arriving.
Router verdict: the bigger cash user is investment — capital spending ran 2.3× depreciation over three years, so the next section's job is to check what that build-out is buying.
→ So follow the cash to where it goes. Next: ₹469 Cr of building over 3 years.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Rallis India Ltd's cash conversion cycle runs 107 days in FY22, up from 86 days in FY17. Capital spending ran ₹469 Cr over the last 3 years. At FY22 sales of ₹2,604 Cr each day of that cycle holds about ₹7.1 Cr, so roughly ₹763 Cr sits inside the business at any moment.
FY22: debtors at 63 days, inventory at 227 days — roughly 7.5 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 107 days, looser than FY17's 86.
The full loop: cash goes out to suppliers and production on day 0; stock waits 227 days to sell; customers pay about 63 days after that; and suppliers themselves are paid at 182 days — netting out to the 107-day cycle.
In money terms: at FY22 sales of ₹2,604 Cr, each day of the cycle holds about ₹7.1 Cr — so the 107-day loop keeps roughly ₹763 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹469 Cr over the last 3 fiscal years against ₹200 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹130 Cr (FY22) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 13% and the ROIC − WACC spread is +1.3 pp.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Rallis India Ltd earns a ROCE of 13% in FY22. Return on invested capital clears the cost of that capital by +1.3 percentage points, so growth here adds value rather than only size. The wiring behind it is 6.3% net margin on 0.91× asset turns.
FY22 ROCE is 13%.
Why the return is what it is — the wiring (FY22): 6.3% net margin × 0.91× asset turns × 1.69× balance-sheet leverage ≈ 9.7% on equity. Margin does its share; leverage is a meaningful part of the equation.
The capstone test — ROIC − WACC: 13.3% − 12.0% = a +1.3 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.05.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.
Rallis India Ltd carries total debt of ₹61.0 Cr against shareholder equity of ₹2,043 Cr as of Jun 26, a debt-to-equity of 0.03 — effectively unlevered. On the annual view that ratio went from 0.05 in FY22 to 0.03 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Jun 26: total debt of ₹61.0 Cr against shareholder equity of ₹2,043 Cr — a debt-to-equity of 0.03. On the annual view, debt-to-equity went from 0.05 (FY22) to 0.03 (FY26). The returns on this page are earned, not borrowed.
→ Who owns this, and are they adding or leaving? Next: Domestic institutions cut 1.5 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Domestic institutions cut 1.5 points of Rallis India Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 11.7% of the company. Foreign institutions moved −0.3 points over the same window, to 9.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Domestic institutions: −1.5 points over 8 quarters to 11.7%; Foreign institutions: −0.3 points over 8 quarters to 9.1%; Promoters: +0.0 points over 8 quarters to 55.1%.
🚨 Why the register moved: domestic institutions drove it (−1.5 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Rallis India Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Rallis India Ltd this page | 26.9× | ₹4,253 Cr | Mixed | |||
| UPL Ltd | 28.2× | ₹50,841 Cr | No read | |||
| P I Industries Ltd | 34.5× | ₹41,437 Cr | Deteriorating | |||
| Sumitomo Chemical India Ltd | 50.9× | ₹25,978 Cr | Mixed | |||
| Bayer CropScience Ltd | 385.0× | ₹18,954 Cr | — | — | — | — |
| Jubilant Ingrevia Ltd | 36.3× | ₹11,557 Cr | Mixed | |||
| Sharda Cropchem Ltd | 12.1× | ₹7,876 Cr | Mixed | |||
| Epigral Ltd | 15.2× | ₹5,016 Cr | Mixed | |||
| NACL Industries Ltd | 178.0× | ₹4,610 Cr | No read | |||
| Dhanuka Agritech Ltd | 15.5× | ₹4,517 Cr | Topping out | |||
| Bhagiradha Chemicals & Industries Ltd | 188.0× | ₹3,416 Cr | Improving | |||
| GSP Crop Science Ltd | 24.4× | ₹2,468 Cr | — | — | — | — |
| Bharat Rasayan Ltd | 13.1× | ₹2,096 Cr | Mixed | |||
| Insecticides India Ltd | 12.9× | ₹1,793 Cr | Mixed | |||
| India Pesticides Ltd | 14.4× | ₹1,727 Cr | Mixed | |||
| Titan Biotech Ltd | 57.5× | ₹1,719 Cr | Turning around | |||
| Astec Lifesciences Ltd | — | ₹1,469 Cr | No read | |||
| Meghmani Organics Ltd | 48.2× | ₹1,385 Cr | No read | |||
| Punjab Chemicals & Crop Protection Ltd | 21.0× | ₹1,375 Cr | Mixed | |||
| Excel Industries Ltd | 15.5× | ₹1,172 Cr | Mixed | |||
| Titan Biotech Ltd | 42.0× | ₹1,141 Cr | Turning around | |||
| Dharmaj Crop Guard Ltd | 16.1× | ₹882 Cr | No read | |||
| Advance Agrolife Ltd | 20.0× | ₹706 Cr | No read | |||
| Heranba Industries Ltd | — | ₹700 Cr | No read | |||
| Best Agrolife Ltd | 60.6× | ₹538 Cr | No read |
Frequently asked questions
What is Rallis India Ltd's share price today?
Rallis India Ltd trades at ₹234, −35.4% over the past year. The company is valued at ₹4,253 Cr. The stock sits at 7% of its 52-week range of ₹222–₹379, −9.6% versus its 200-day average. On the tape, the price is in a downtrend, 36 weeks in. — as of 24 July 2026.
What were Rallis India Ltd's latest quarterly results?
Rallis India Ltd reported revenue of ₹508 Cr and a net loss of ₹14.0 Cr for the Mar 22 quarter. Revenue rose 7.9% and profit fell 275.0% year on year. Earnings per share were ₹−0.73. The operating margin was −1.0%, 5.0 pp lower than a year earlier. — as of 24 July 2026.
What is Rallis India Ltd's revenue?
Rallis India Ltd reported revenue of ₹508 Cr in the Mar 22 quarter, +7.9% year on year. For the full FY22 fiscal year, revenue was ₹2,604 Cr (+7.2%). Over the last 10 years revenue compounded at 7.7% a year. — as of 24 July 2026.
What is Rallis India Ltd's profit?
Rallis India Ltd earned ₹−14.0 Cr of net profit in the Mar 22 quarter, −275.0% year on year. Full-year FY22 profit was ₹164 Cr. The operating margin ran −1.0% in the latest quarter. — as of 24 July 2026.
What is Rallis India Ltd's market cap?
Rallis India Ltd's market capitalisation is ₹4,253 Cr at a share price of ₹234. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Rallis India Ltd's P/E ratio?
Rallis India Ltd trades at a P/E of 26.9×, at the 52nd percentile of its own 10-year range, against a long-run median of 26.9×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Rallis India Ltd pay a dividend?
Yes — Rallis India Ltd's dividend payout was 36% of profit in FY22, and it recorded a payout in each of its last 12 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Rallis India Ltd overvalued?
On its own history, Rallis India Ltd looks mid-range against its own history: its P/E of 26.9× sits at the 52nd percentile of its 10-year range (long-run median 26.9×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Rallis India Ltd growing?
Not right now — Rallis India Ltd's latest numbers are shrinking: latest-quarter revenue +7.9% year on year, profit −275.0%, and the margin −5.0 pp at −1.0%. The 10-year compound rates are 7.7% (revenue) and 5.0% (profit). The earnings engine currently reads: deteriorating — as of 24 July 2026.
How is Rallis India Ltd performing?
Rallis India Ltd is in a downtrend, 36 weeks in. Its latest quarter's revenue rose 7.9% and profit fell 275.0% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 14 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Rallis India Ltd in?
Mixed — no clean majority across the growth curves, ROCE slipping at 13.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +7.9% latest, profit growth −275.0% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Rallis India Ltd in an uptrend?
No — the price is in a downtrend (week 36 of stage 4), trading −9.6% versus its 200-day average and at 7% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Rallis India Ltd beating the market?
Not lately — on a trailing-13-week view Rallis India Ltd is currently behind the NIFTY 500 (14 weeks and counting; last ahead the week of 2026-05-15), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +49% against the NIFTY 500's +274% — behind the index over the full window. — as of 24 July 2026.
Will Rallis India Ltd's share price go up?
This page publishes no price forecast for Rallis India Ltd. What it measures instead: the share price is ₹234, the price is in a downtrend 36 weeks in. Its P/E of 26.9× sits at the 52nd percentile of its own 10-year range. — as of 24 July 2026.
Who owns Rallis India Ltd?
Promoters hold 55.1% of Rallis India Ltd, foreign institutions 9.1%, domestic institutions 11.7% and the public 23.7% (latest quarter). The biggest move on the register over the last two years: Domestic institutions cut 1.5 points over 8 quarters. — as of 24 July 2026.
Does Rallis India Ltd have too much debt?
No — Rallis India Ltd's debt-to-equity is 0.05, and operating profit covers the interest bill 40×. FY22 borrowings were ₹93.0 Cr against equity of ₹1,696 Cr. The returns on this page are earned, not borrowed — as of 24 July 2026.
What is Rallis India Ltd's capex?
Rallis India Ltd spent ₹469 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY22 alone that was ₹180 Cr, with ₹130 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Rallis India Ltd's cash flow?
Rallis India Ltd generated ₹166 Cr of operating cash flow in FY22 and ₹−14.0 Cr of free cash flow after ₹180 Cr of capital spending. Reported profit that year was ₹164 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Rallis India Ltd's profit real cash?
Yes — over the last 3 fiscal years, 125% of Rallis India Ltd's reported profit arrived as operating cash. In FY22, operating cash was ₹166 Cr against reported profit of ₹164 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Rallis India Ltd in its business cycle?
Rallis India Ltd's FY22 operating margin was 11.0%, against a 12-year band of 11.0%–18.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran −1.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Rallis India Ltd story?
Biggest watch item: the price is not yet in a confirmed uptrend — timing risk, not thesis risk. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Rallis India Ltd a stock worth studying right now?
This is not investment advice. The machine read: Rallis India Ltd's three tracks disagree. Price, valuation and the earnings engine each tell a different story — the next quarter or two settles it. The sharpest open question: the next one or two quarters of delivery. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.