Let’s have a complete understanding of Rallis India Limited.
Table of Contents
BUSINESS ANALYSIS
Rallis India Limited was incorporated in the year August 23rd, 1948.
Rallis India Limited is the successor of Rallis Brothers and a member of Tata Group which is engaged in the business of manufacturing and marketing of Agri inputs.
The company’s Agri business division is the distributor of pesticides, fertilizers, micronutrients seeds, animal feed and other agro inputs.
Rallis India has four production facilities out of which 2 are located in Gujarat and 2 in Maharashtra.
Rallis India Agro Research Centre based in Bangalore leads in toxicology and entomology research.
Some of the popular products of Rallis India are fungicides such as Contaf,Contaf plus, Master and Fujione,Weedicides such as Fatech, Tata Metriz, Tata panida and insecticides such as Tata Mida, Reeva, Asataf ,Manik etc.
KEY PRODUCTS
FUNGICIDES
Chlorothalonil
Hexaconazole
Hexaconazole 5%+Captan 70%WP
Kresoxim Methyl
Mancozeb + Metalaxyl (Master)
Metalaxyl
Tebuconazole
Thiophanate Methyl
Thricyclazole
HERBICIDES
Metribuzin
Pendimethalin
INSECTICIDES
Acephate
Acetamiprid
Alpha cypermethrin
Chlorpyriphos
Chlorpyriphos + Cypermethrin
Cypermethrin
Dimethoate
Ethion
Imidacloprid
Lambda Cyhalothrin
PCO-PESTICIDES
Imidacloprid 305(Termex)
Lambda Cyhalothrin 100 Wp ( Sentry)
FINANCIAL KEY METRICS
The Market Capitalization of Rallis India Limited is ₹ 6,015 Cr.
The price to earnings ratio of the Rallis share price is 28.4 which is closer to the industry price to earnings ratio of 27.8
The Rallis share price has a return on capital employed of 18.2% which shows that the company is providing a good return on the capital invested.
The return on equity of Rallis India Limited is 14.2% which is also decent as per the stock’s valuations.
The debt to equity ratio of Rallis India Limited is 0.05 which is almost negligible.
FINANCIAL ANALYSIS
Figures in Rs. Crores
| Balance Sheet | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| Share Capital | 13 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 411 | 485 | 534 | 601 | 699 | 795 | 869 | 1092 | 1171 | 1266 | 1390 | 1571 |
| Borrowings | 8 | 117 | 154 | 131 | 77 | 125 | 90 | 39 | 25 | 73 | 94 | 76 |
| Other Liabilities | 304 | 395 | 414 | 438 | 502 | 496 | 506 | 559 | 763 | 804 | 945 | 922 |
| Total Liabilities | 737 | 1017 | 1121 | 1190 | 1297 | 1436 | 1484 | 1709 | 1978 | 2163 | 2448 | 2589 |
| Fixed Assets | 153 | 348 | 517 | 555 | 604 | 595 | 564 | 574 | 574 | 581 | 593 | 631 |
| CWIP | 112 | 159 | 60 | 35 | 21 | 26 | 40 | 42 | 47 | 51 | 76 | 164 |
| Investments | 140 | 26 | 23 | 20 | 25 | 24 | 28 | 239 | 96 | 109 | 302 | 283 |
| Other Assets | 332 | 484 | 522 | 580 | 647 | 790 | 851 | 854 | 1261 | 1422 | 1477 | 1510 |
| Total Assets | 737 | 1017 | 1121 | 1190 | 1297 | 1436 | 1484 | 1709 | 1978 | 2163 | 2448 | 2589 |
For the quarter ended 30-6-2021, Rallis India Limited noted a sales of ₹ 741 Cr.
The operating profit of Rallis India Limited was ₹ 122 Cr in the last quarter ended 30-6-2021.
The Net profit of Rallis India Limited was ₹ 82 Cr in the quarter ended 30-6-2021.
Figures in Rs. Crores
| Quarterly Results | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 |
| Sales + | 654 | 417 | 340 | 623 | 749 | 534 | 346 | 663 | 725 | 570 | 471 | 741 |
| Expenses + | 530 | 390 | 333 | 528 | 630 | 478 | 356 | 534 | 608 | 510 | 454 | 619 |
| Operating Profit | 123 | 28 | 7 | 95 | 119 | 56 | -10 | 128 | 117 | 60 | 18 | 122 |
| Other Income | 9 | 6 | 11 | 8 | 7 | 10 | 21 | 12 | 15 | 14 | 10 | 7 |
| Profit before tax | 119 | 20 | 6 | 87 | 105 | 48 | -3 | 120 | 110 | 62 | 12 | 109 |
| Tax % | 0.29 | 0.3 | 0.76 | 0.22 | 0.19 | 0.21 | 1.26 | 0.24 | 0.24 | 0.26 | 0.3 | 0.25 |
| Net Profit | 85 | 14 | 2 | 68 | 86 | 38 | 1 | 92 | 83 | 46 | 8 | 82 |
SHARE HOLDING SYNOPSIS
PROMOTERS- 50.09%
FIIs – 7.12%
DIIs -17.34%
PUBLIC- 25.04%
GOVERNMENT- 0.41%
| Share Holding | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 |
| Promoters | 50.09 | 50.09 | 50.09 | 50.09 | 50.09 | 50.09 | 50.09 | 50.09 | 50.09 | 50.09 | 50.09 | 50.09 |
| FIIs | 4.05 | 3.79 | 4 | 4.49 | 4.67 | 4.41 | 4.89 | 4.34 | 6.55 | 8.16 | 7.58 | 7.12 |
| DIIs | 18.13 | 19.75 | 19.57 | 18.03 | 17.95 | 17.9 | 18.87 | 19.44 | 17.05 | 16.01 | 15.94 | 17.34 |
| Government | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 | 0.41 |
| Public | 27.32 | 25.95 | 25.93 | 26.98 | 26.88 | 27.18 | 25.74 | 25.71 | 25.89 | 25.32 | 25.97 | 25.04 |
This is a brief overview of the financials of the Rallis India Limited which show cases the dominance in their respective market.
Now, let’s deep dive into the technical of Rallis share price.
CHART PATTERN ANALYSIS
In a daily time frame, a falling wedge pattern is formed.
As per the current chart, a breakout is achieved, and the stock seems to retest the trendline.
Once the trendline is retested, it is a good chance to enter in this stock.
A good target of 18% can be easily achieved if an individual makes a position in this stock.
The Rallis share price on 11th October 2021 is ₹ 307.
MOVING AVERAGE
For Rallis India analysis, we are taking 9 days and 21 days moving averages.
As per the current chart, the 9 days moving average is crossing the 21 days moving average which is a good indicator to enter in this stock.
The 9 days moving average is indicated in red while the 21 days moving average is blue.
SUPER TREND
Super trend indicator is giving a buy signal.
One should not decide based on the super trend instead should focus on the other aspects and then decide.