RALLIS SHARE PRICE ON 11th OCTOBER 2021

Let’s have a complete understanding of Rallis India Limited.

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 SheetMar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Share Capital131919191919191919191919
Reserves41148553460169979586910921171126613901571
Borrowings811715413177125903925739476
Other Liabilities304395414438502496506559763804945922
Total Liabilities73710171121119012971436148417091978216324482589
Fixed Assets 153348517555604595564574574581593631
CWIP112159603521264042475176164
Investments14026232025242823996109302283
Other Assets3324845225806477908518541261142214771510
Total Assets73710171121119012971436148417091978216324482589

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 ResultsSep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021
Sales +654417340623749534346663725570471741
Expenses +530390333528630478356534608510454619
Operating Profit1232879511956-101281176018122
Other Income9611871021121514107
Profit before tax1192068710548-31201106212109
Tax %0.290.30.760.220.190.211.260.240.240.260.30.25
Net Profit851426886381928346882

SHARE HOLDING SYNOPSIS

PROMOTERS- 50.09%

FIIs – 7.12%

DIIs -17.34%

PUBLIC- 25.04%

GOVERNMENT- 0.41%

Share HoldingSep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021
Promoters 50.0950.0950.0950.0950.0950.0950.0950.0950.0950.0950.0950.09
FIIs 4.053.7944.494.674.414.894.346.558.167.587.12
DIIs 18.1319.7519.5718.0317.9517.918.8719.4417.0516.0115.9417.34
Government 0.410.410.410.410.410.410.410.410.410.410.410.41
Public 27.3225.9525.9326.9826.8827.1825.7425.7125.8925.3225.9725.04

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.

DISCLAIMER

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