Announcement • Jun 24
Rallis India Limited Declares Dividend for the Financial Year Ended March 31, 2026 Rallis India Limited at its Annual General Meeting held on June 23, 2026 declared a dividend of INR 3 per Equity Share of face value of INR 1 each for the financial year ended March 31, 2026. Announcement • May 30
Rallis India Limited Announces Cessation of B Yogesh from Business Head - Seeds, Effective June 1, 2026 Rallis India Limited announced the cessation of Mr. B Yogesh as Business Head - Seeds, Senior Management Personnel due to superannuation. The effective date of cessation was June 1, 2026. Upcoming Dividend • May 29
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 04 June 2026. Payment date: 23 July 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.7%). Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Non-Executive Director David Crean was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • May 15
Dividend increased to ₹3.00 Dividend of ₹3.00 is 20% higher than last year. Ex-date: 4th June 2026 Payment date: 23rd July 2026 Dividend yield will be 1.1%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 13
Rallis India Limited, Annual General Meeting, Jun 23, 2026 Rallis India Limited, Annual General Meeting, Jun 23, 2026. Price Target Changed • May 05
Price target increased by 7.3% to ₹282 Up from ₹263, the current price target is an average from 14 analysts. New target price is 6.4% above last closing price of ₹265. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₹12.52 for next year compared to ₹9.46 last year. Announcement • Apr 14
Rallis India Limited to Report Q4, 2026 Results on Apr 27, 2026 Rallis India Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on Apr 27, 2026 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹253, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹163 per share. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹268, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Chemicals industry in India. Total returns to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹158 per share. Reported Earnings • Jan 21
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹0.10 (down from ₹0.56 in 3Q 2025). Revenue: ₹6.32b (up 21% from 3Q 2025). Net income: ₹20.0m (down 82% from 3Q 2025). Profit margin: 0.3% (down from 2.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) missed analyst estimates by 94%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jan 12
Rallis India Limited to Report Q3, 2026 Results on Jan 20, 2026 Rallis India Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Jan 20, 2026 Announcement • Jan 08
Rallis India Limited Announces Resignation of Amol Jadhav as Head - Environment, Health, Safety & Sustainability (EHSS), Senior Management Personnel, Effective January 7, 2026 Rallis India Limited announced resignation of Amol Jadhav as Head - Environment, Health, Safety & Sustainability (EHSS), Senior Management Personnel, effective January 7, 2026. Reported Earnings • Oct 17
Second quarter 2026 earnings: EPS in line with expectations, revenues disappoint Second quarter 2026 results: EPS: ₹5.23 (up from ₹5.04 in 2Q 2025). Revenue: ₹8.61b (down 7.2% from 2Q 2025). Net income: ₹1.02b (up 4.1% from 2Q 2025). Profit margin: 12% (up from 11% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 7% per year. Announcement • Oct 08
Rallis India Limited to Report Q2, 2026 Results on Oct 16, 2025 Rallis India Limited announced that they will report Q2, 2026 results at 12:08 PM, Indian Standard Time on Oct 16, 2025 Reported Earnings • Jul 17
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: ₹4.89 (up from ₹2.46 in 1Q 2025). Revenue: ₹9.57b (up 22% from 1Q 2025). Net income: ₹950.0m (up 98% from 1Q 2025). Profit margin: 9.9% (up from 6.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 16
Price target increased by 22% to ₹288 Up from ₹236, the current price target is an average from 14 analysts. New target price is 18% below last closing price of ₹352. Stock is up 0.2% over the past year. The company is forecast to post earnings per share of ₹10.48 for next year compared to ₹6.43 last year. New Risk • Jul 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Announcement • Jul 07
Rallis India Limited to Report Q1, 2026 Results on Jul 14, 2025 Rallis India Limited announced that they will report Q1, 2026 results at 12:08 PM, Indian Standard Time on Jul 14, 2025 New Risk • Jun 24
New major risk - Revenue and earnings growth Earnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jun 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹6.43 (down from ₹7.60 in FY 2024). Revenue: ₹26.6b (flat on FY 2024). Net income: ₹1.25b (down 15% from FY 2024). Profit margin: 4.7% (down from 5.6% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Upcoming Dividend • May 31
Upcoming dividend of ₹2.50 per share Eligible shareholders must have bought the stock before 05 June 2025. Payment date: 23 July 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Indian dividend payers (1.3%). In line with average of industry peers (0.7%). Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹321, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 31x in the Chemicals industry in India. Total returns to shareholders of 65% over the past three years. Declared Dividend • May 17
Dividend of ₹2.50 announced Dividend of ₹2.50 is the same as last year. Ex-date: 5th June 2025 Payment date: 23rd July 2025 Dividend yield will be 0.9%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 90% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹293, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 30x in the Chemicals industry in India. Total returns to shareholders of 48% over the past three years. Price Target Changed • Apr 25
Price target decreased by 7.9% to ₹238 Down from ₹258, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of ₹238. Stock is down 12% over the past year. The company is forecast to post earnings per share of ₹9.15 for next year compared to ₹6.43 last year. Reported Earnings • Apr 24
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹6.43 (down from ₹7.60 in FY 2024). Revenue: ₹27.0b (up 1.8% from FY 2024). Net income: ₹1.25b (down 16% from FY 2024). Profit margin: 4.6% (down from 5.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹240, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 29x in the Chemicals industry in India. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹164 per share. Announcement • Apr 10
Rallis India Limited to Report Fiscal Year 2025 Results on Apr 23, 2025 Rallis India Limited announced that they will report fiscal year 2025 results at 4:00 PM, Indian Standard Time on Apr 23, 2025 Announcement • Mar 20
Rallis India Limited Announces Executive Changes Rallis India Limited announced appointment of Dr. Mahesh Patil as Head- New Product Development and Senior Management Personnel. And re-designated Dr. Vairamani Ramanathan as Head R&D - Seed & Biotech division. Both effective from March 20, 2025. Brief profile: Dr. Mahesh Patil Has Around 30 Years of Extensive Experience in Areas of Specialty Chemicals, Agrochemicals & Intermediates and Active Pharma Ingredients (Api) & Intermediates. He Has Excelled in Research & Development, Techno- Commercial Role, Application Development, Process Safety Management, Technical Support & Business Development and Project Management Etc. Further He Has Also Earned Various Fellowships and Awards, Published Papers in Reputed Journals and Holds Patents. Dr. Vairamani Ramanathan Is an Accomplished Research Leader with over 25 Years of Experience in the Agricultura Sector, Specializing in Genetics, Crop Breeding, Novel Breeding Technologies and Crop Protection. He Also Specializes in Program Management and Strategic Planning, Customised Breeding Processes, Development of Native and Transgenic Traits, Molecular Breeding for Biotic and Abiotic Stress Traits. Announcement • Jan 29
Rallis India Limited Announces Executive Changes, Effective April 1, 2025 Rallis India Limited announced the appointment of Ms. Shraddha Shah as Chief Audit and Risk Officer designate with effect from February 1, 2025 to take over as Chief Audit and Risk Officer and Senior Management Personnel, effective April 1, 2025. Term of appointment: Full Time Employment. Ms. Shraddha Shah is currently the acting Head Internal Audit in Tata Chemicals Limited. She is a Chartered Accountant and comes in with rich experience of more than 19 years in finance, internal audit, accounts, commercial, procurement, vendor development, strategic planning, MIS, system design (SAP) and implementation both at the corporate and at business levels. She joined the Internal Audit team in the year 2021 after extensive Business Finance exposure. Cessation of Ms. Coomie Kapadia, Head - Internal Audit as Senior Management Personnel due to superannuation. Effective April 1, 2025. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹243, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 28x in the Chemicals industry in India. Total loss to shareholders of 1.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹142 per share. Price Target Changed • Jan 20
Price target decreased by 8.0% to ₹270 Down from ₹294, the current price target is an average from 12 analysts. New target price is approximately in line with last closing price of ₹270. Stock is up 3.0% over the past year. The company is forecast to post earnings per share of ₹7.46 for next year compared to ₹7.60 last year. Reported Earnings • Jan 18
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: ₹0.56 (down from ₹1.25 in 3Q 2024). Revenue: ₹5.22b (down 13% from 3Q 2024). Net income: ₹110.0m (down 54% from 3Q 2024). Profit margin: 2.1% (down from 4.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 68%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jan 09
Rallis India Limited to Report Q3, 2025 Results on Jan 17, 2025 Rallis India Limited announced that they will report Q3, 2025 results on Jan 17, 2025 Announcement • Jan 06
Rallis India Limited Announces Executive Changes Rallis India Limited announced cessation of Mr. Vibhakar, Head - HR & Business Excellence as Senior Management Personnel due to his transition to a new role Appointment of Mrs. Kalpa Kadam as Head - Human Resource & Administration and Senior Management Personnel Effective January 6, 2025 Mrs. Kalpa Kadam has over 19 years of HR experience across various sectors, including automotive, pharmaceuticals and packaging. Currently, she is the Group HR Head at Astrac Group, where she manages HR functions for employees across five plants in India, GCC, Europe and Mexico. She reports to the Board and leads a team in manufacturing, admin and security functions. Her expertise includes global HR strategy, talent management, organizational development, mergers & acquisitions, industrial relations and digitization of HR systems. Kalpa has previously worked with Solvay Specialities India Pvt Ltd. as Strategic Partner & Global Lead PMO HR, focusing on organizational restructuring and effectiveness. Price Target Changed • Oct 17
Price target increased by 11% to ₹283 Up from ₹256, the current price target is an average from 13 analysts. New target price is 20% below last closing price of ₹356. Stock is up 61% over the past year. The company is forecast to post earnings per share of ₹9.12 for next year compared to ₹7.60 last year. Reported Earnings • Oct 16
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: ₹5.04 (up from ₹4.23 in 2Q 2024). Revenue: ₹9.38b (up 13% from 2Q 2024). Net income: ₹980.0m (up 20% from 2Q 2024). Profit margin: 10% (in line with 2Q 2024). Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Oct 09
Rallis India Limited to Report Q2, 2025 Results on Oct 15, 2024 Rallis India Limited announced that they will report Q2, 2025 results at 4:00 PM, Indian Standard Time on Oct 15, 2024 Announcement • Sep 27
Rallis India Limited Announces Relieving of S Nagarajan as Chief Operating Officer, Effective October 20, 2024 Mr. S Nagarajan is being relieved from the services of Rallis India Limited as the Chief Operating Officer, effective October 20, 2024. Announcement • Aug 30
Rallis India Limited Announces Cessation of Bhaskar Bhat as Director and Chairman, Effective August 30, 2024 Rallis India Limited announced that Mr. Bhaskar Bhat ceases to be the Director and the Chairman of the Company with effect from August 30, 2024, as per the retirement age policy for Directors of the Company. Reported Earnings • Jul 20
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ₹2.46 (down from ₹3.26 in 1Q 2024). Revenue: ₹7.83b (flat on 1Q 2024). Net income: ₹480.0m (down 24% from 1Q 2024). Profit margin: 6.1% (down from 8.1% in 1Q 2024). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jul 09
Rallis India Limited to Report Q1, 2025 Results on Jul 18, 2024 Rallis India Limited announced that they will report Q1, 2025 results on Jul 18, 2024 Announcement • Jun 26
Rallis India Limited Appoints B Yogesh as Head Seeds, Effective July 1, 2024 Rallis India Limited announced that Mr. B Yogesh has been designated as Head Seeds. He is currently handling Sales & Marketing and Supply Chain Functions. In the new role he will be responsible for Seeds lines of business. He is having 35 Years of rich experience in Seeds Business. He is with Rallis India since 2016. Mr. B Yogesh is a postgraduate in Agriculture. Date of appointment: July 1, 2024. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹314, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 30x in the Chemicals industry in India. Total loss to shareholders of 3.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹164 per share. Announcement • May 23
Rallis India Limited, Annual General Meeting, Jun 20, 2024 Rallis India Limited, Annual General Meeting, Jun 20, 2024, at 11:00 Indian Standard Time. Declared Dividend • May 20
Dividend of ₹2.50 announced Dividend of ₹2.50 is the same as last year. Ex-date: 3rd June 2024 Payment date: 20th July 2024 Dividend yield will be 0.9%, which is higher than the industry average of 0.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 81% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 18
Rallis India Limited Proposes Dividend for the Financial Year Ended March 31, 2024, Payable on or After June 24, 2024 Rallis India Limited proposed a dividend of INR 2.50 per equity share of INR 1 each (250%) if declared by the Members of the Company at the 76th AGM. Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company has fixed June 3, 2024, as the Record Date for determining entitlement of Members to receive the dividend for the financial year ended March 31, 2024. The dividend, if declared at the AGM, will be paid, subject to deduction of income tax at source, as applicable, on or after, June 24, 2024. Reported Earnings • Apr 23
Full year 2024 earnings released: EPS: ₹7.61 (vs ₹4.73 in FY 2023) Full year 2024 results: EPS: ₹7.61 (up from ₹4.73 in FY 2023). Revenue: ₹26.6b (down 10% from FY 2023). Net income: ₹1.48b (up 61% from FY 2023). Profit margin: 5.6% (up from 3.1% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Apr 19
Rallis India Limited Approves Management Appointments Rallis India Limited announced that the shareholders through postal ballot approved appointment of Mr. Narain Duraiswami as an Independent Director, Dr. Gyanendra Shukla as Director and Managing Director of the company. Announcement • Apr 11
Rallis India Limited to Report Q4, 2024 Results on Apr 22, 2024 Rallis India Limited announced that they will report Q4, 2024 results on Apr 22, 2024 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹288, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 29x in the Chemicals industry in India. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹116 per share. Price Target Changed • Jan 26
Price target increased by 8.5% to ₹220 Up from ₹203, the current price target is an average from 12 analysts. New target price is 15% below last closing price of ₹257. Stock is up 24% over the past year. The company is forecast to post earnings per share of ₹7.75 for next year compared to ₹4.73 last year. Reported Earnings • Jan 24
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹1.25 (up from ₹1.16 in 3Q 2023). Revenue: ₹5.98b (down 5.1% from 3Q 2023). Net income: ₹240.0m (up 6.4% from 3Q 2023). Profit margin: 4.0% (up from 3.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 127%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jan 11
Rallis India Limited to Report Q3, 2024 Results on Jan 23, 2024 Rallis India Limited announced that they will report Q3, 2024 results on Jan 23, 2024 Reported Earnings • Oct 28
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: ₹4.23 (up from ₹3.65 in 2Q 2023). Revenue: ₹8.37b (down 12% from 2Q 2023). Net income: ₹820.0m (up 15% from 2Q 2023). Profit margin: 9.8% (up from 7.5% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.9%. Earnings per share (EPS) exceeded analyst estimates by 41%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Oct 11
Rallis India Limited to Report Q2, 2024 Results on Oct 25, 2023 Rallis India Limited announced that they will report Q2, 2024 results on Oct 25, 2023 Announcement • Sep 28
Rallis India Limited Launches Its Differentiated Crop Protection Product, `Benzilla' Rallis India Limited, has launched its differentiated crop protection product, `Benzilla'. Backed by extensive research and field trials, Benzilla is a cutting-edge product powered by patented BPX technology from Japan that promises to redefine crop management practices, boost yields and benefit farmers. The result of a strategic partnership between Rallis India Limited and Japan-based agro-chem company, Nihon Nohyaku Co. Ltd. (Japan), Benzilla'sunique formulation incorporates IGR technology, ensuring a prolonged and sustained control of Brown Plant Hopper (BPH) infestations in paddy crops.BPH is regarded as one of the most devastating pests for paddy, which causes serious damage to the crop by sucking the sap from plants, leading to `hopper burn'. It also causes indirect damage by transmitting viral diseases such as grassy stunt and ragged stunt viruses. Benzilla will be available to a large number of farmers through Rallis India's strong distribution network covering 80% of Indian districts. For additional information about Benzilla and other. Reported Earnings • Jul 16
First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2024 results: EPS: ₹3.26 (down from ₹3.56 in 1Q 2023). Revenue: ₹7.85b (down 13% from 1Q 2023). Net income: ₹630.0m (down 9.0% from 1Q 2023). Profit margin: 8.0% (up from 7.6% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.8%. Earnings per share (EPS) exceeded analyst estimates by 5.2%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jul 06
Rallis India Limited to Report Q1, 2024 Results on Jul 15, 2023 Rallis India Limited announced that they will report Q1, 2024 results on Jul 15, 2023 Reported Earnings • May 30
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹4.73 (down from ₹8.44 in FY 2022). Revenue: ₹29.7b (up 14% from FY 2022). Net income: ₹919.4m (down 44% from FY 2022). Profit margin: 3.1% (down from 6.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 46%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 23
Upcoming dividend of ₹2.50 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 15 July 2023. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Indian dividend payers (1.6%). Higher than average of industry peers (0.9%). Price Target Changed • Apr 29
Price target decreased by 9.8% to ₹207 Down from ₹230, the current price target is an average from 14 analysts. New target price is 9.3% above last closing price of ₹189. Stock is down 19% over the past year. The company is forecast to post earnings per share of ₹8.99 for next year compared to ₹4.73 last year. Reported Earnings • Apr 26
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹4.73 (down from ₹8.44 in FY 2022). Revenue: ₹29.8b (up 14% from FY 2022). Net income: ₹919.4m (down 44% from FY 2022). Profit margin: 3.1% (down from 6.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 46%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Jan 20
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: ₹1.16 (down from ₹2.03 in 3Q 2022). Revenue: ₹6.32b (flat on 3Q 2022). Net income: ₹225.5m (down 43% from 3Q 2022). Profit margin: 3.6% (down from 6.3% in 3Q 2022). Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 66%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jan 12
Rallis India Limited to Report Q3, 2023 Results on Jan 18, 2023 Rallis India Limited announced that they will report Q3, 2023 results on Jan 18, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. MD, CEO & Executive Director Sanjiv Lal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 22
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: ₹3.65 (up from ₹2.90 in 2Q 2022). Revenue: ₹9.53b (up 31% from 2Q 2022). Net income: ₹710.5m (up 26% from 2Q 2022). Profit margin: 7.5% (down from 7.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Chemicals industry in India. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Oct 12
Rallis India Limited to Report Q2, 2023 Results on Oct 19, 2022 Rallis India Limited announced that they will report Q2, 2023 results on Oct 19, 2022 Announcement • Sep 30
Rallis India Limited Announces Appointment of Mr. Srikant Nair as the Company Secretary and Key Managerial Personnel Rallis India Limited announced appointment of Mr. Srikant Nair as the Company Secretary and Key Managerial Personnel of the Company. Announcement • Aug 26
Rallis India Limited Announces Executive Changes The Board of Directors of Rallis India Limited, at their meetings held on August 25, 2022, have noted the resignation of Mr. Yashaswin Sheth (ACS 15388) from the position of Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company with effect from close of September 29, 2022, on account of him moving to pursue an opportunity within the Tata group. Further, pursuant to the recommendations of the NRC, the Board has approved the appointment of Mr. Srikant Nair (ACS 30208) as the Company Secretary and Compliance Officer effective September 30, 2022 in place of Mr. Yashaswin Sheth. He will also act as a Key Managerial Personnel of the Company as per the provisions of the Companies Act, 2013. Price Target Changed • Jul 22
Price target decreased to ₹231 Down from ₹252, the current price target is an average from 16 analysts. New target price is 6.1% above last closing price of ₹217. Stock is down 32% over the past year. The company is forecast to post earnings per share of ₹9.92 for next year compared to ₹8.44 last year. Announcement • Jul 12
Rallis India Limited to Report Q1, 2023 Results on Jul 19, 2022 Rallis India Limited announced that they will report Q1, 2023 results on Jul 19, 2022 Reported Earnings • Jun 05
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹8.44 (down from ₹11.75 in FY 2021). Revenue: ₹26.0b (up 7.2% from FY 2021). Net income: ₹1.64b (down 28% from FY 2021). Profit margin: 6.3% (down from 9.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 15%, compared to a 17% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. MD, CEO & Executive Director Sanjiv Lal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 30
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 24 July 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (0.8%). Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. MD, CEO & Executive Director Sanjiv Lal was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 28
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from ₹12.71 to ₹10.53 per share. Revenue forecast steady at ₹29.9b. Net income forecast to grow 25% next year vs 23% growth forecast for Chemicals industry in India. Consensus price target down from ₹300 to ₹277. Share price fell 15% to ₹239 over the past week. Reported Earnings • Apr 27
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: ₹8.44 (down from ₹11.75 in FY 2021). Revenue: ₹26.0b (up 7.2% from FY 2021). Net income: ₹1.64b (down 28% from FY 2021). Profit margin: 6.3% (down from 9.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 16%. Over the next year, revenue is forecast to grow 15%, compared to a 21% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 12
Rallis India Limited to Report Fiscal Year 2022 Results on Apr 21, 2022 Rallis India Limited announced that they will report fiscal year 2022 results on Apr 21, 2022 Reported Earnings • Jan 20
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: ₹2.03 (down from ₹2.35 in 3Q 2021). Revenue: ₹6.34b (up 11% from 3Q 2021). Net income: ₹395.6m (down 13% from 3Q 2021). Profit margin: 6.2% (down from 8.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.3%. Over the next year, revenue is forecast to grow 14%, compared to a 20% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 26
Price target decreased to ₹308 Down from ₹337, the current price target is an average from 14 analysts. New target price is 18% above last closing price of ₹262. Stock is up 2.6% over the past year. The company is forecast to post earnings per share of ₹10.25 for next year compared to ₹11.75 last year. Reported Earnings • Oct 20
Second quarter 2022 earnings released: EPS ₹2.90 (vs ₹4.27 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹7.35b (up 1.4% from 2Q 2021). Net income: ₹564.9m (down 32% from 2Q 2021). Profit margin: 7.7% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 22
First quarter 2022 earnings released: EPS ₹4.23 (vs ₹4.72 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: ₹7.48b (up 13% from 1Q 2021). Net income: ₹823.4m (down 10% from 1Q 2021). Profit margin: 11% (down from 14% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Jun 19
Chief Financial Officer Ashish Mehta has left the company On the 14th of June, Ashish Mehta's tenure as Chief Financial Officer ended. We don't have any record of a personal shareholding under Ashish's name. Ashish is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.25 years. Reported Earnings • Jun 05
Full year 2021 earnings released: EPS ₹11.75 (vs ₹9.51 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹24.3b (up 7.9% from FY 2020). Net income: ₹2.29b (up 24% from FY 2020). Profit margin: 9.4% (up from 8.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Jun 03
Upcoming dividend of ₹3.00 per share Eligible shareholders must have bought the stock before 09 June 2021. Payment date: 24 July 2021. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.7%). Higher than average of industry peers (0.8%). Announcement • May 15
Rallis India Limited Recommends Dividend for the Financial Year 2020-21, Payable on June 29, 2021 The Board of Directors of Rallis India Limited at its meeting held on April 22, 2021, has recommended a dividend of INR 3 per share for the Financial Year ended March 31, 2021. The Income Tax Act, 1961, as amended by the Finance Act, 2020, mandates that dividends paid or distributed by a company after April 1, 2020 shall be taxable in the hands of the shareholders. The Company shall therefore be required to deduct tax at source at the time of making the payment of the Final Dividend, if declared at the Annual General Meeting of the Company to be held on June 24, 2021. Reported Earnings • Apr 24
Full year 2021 earnings released: EPS ₹11.75 (vs ₹9.51 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹24.7b (up 9.7% from FY 2020). Net income: ₹2.29b (up 24% from FY 2020). Profit margin: 9.3% (up from 8.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Is New 90 Day High Low • Feb 21
New 90-day low: ₹259 The company is down 3.0% from its price of ₹267 on 23 November 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₹87.24 per share.