Decline in international business leads to overall de-growth
Rallis India is a leading agrochemical company with a presence across agri input value chain and a strong, healthy pipeline of sustainable products.
The company has a diversified portfolio, supported by a strong channel network of more than 6,700 dealers and 79,000 retailers
In terms of revenue contribution, domestic crop care constitutes 54% of overall revenue followed by international crop care of 30% and the rest from the seeds business
Q4FY22
Numbers were below our estimates, impacted by lower growth from international market and higher COGS.
Revenues increased 7.7% to ₹ 507.5 crore, led by 25% growth in the domestic crop care segment
Gross margins contracted 663 bps YoY to ~34.8%, leading operational performance to remain in loss
Loss of ₹ 2.8 crore at EBITDA level vs. profit of ₹ 17.7 crore in Q4FY21
Loss at PAT level was at ₹ 14.1 crore against profit of ₹ 6.9 crore in Q4FY21, dented by a poor operational performance
Agrochemicals company Rallis India announced Q3FY24 results:
The Company recorded revenue of Rs 598 crore for Q3FY24 vs Rs 630 crore in Q3FY23.
Profit after tax (after exceptional items) was at Rs 24 crore vs Rs 22 crore in Q3FY23.
Continued its focus on refreshing its Domestic crop care portfolio and launched 3 new products in Crop Care & 4 in Seeds
CSM: Commercial dispatches done for one active ingredient and one formulation from our new MPP and Formulation facilities respectively.
Rallis will commence the construction of integrated R&D facility. Rallis is also planning to further expand capacity of “Pendimethalin"
Rallis awarded with Silver award by “ICAI Sustainability Reporting Awards FY23” for BRSR reporting
Announcing the results, Sanjiv Lal, Managing Director & CEO, Rallis India, said, “During the Quarter, our Domestic business maintained its momentum despite challenging external conditions, recording volume growth of 7%. However, challenges continued on the export front due to steep price drop and weak demand on account of continuing inventory overhang at industry level. Our focus on optimizing working capital and margin improvement continues.
We are closely monitoring Global market demand recovery and remain cautious about El Nino conditions. Global agro-chemical demand is still soft and is expected to recover only next financial year.
Meanwhile, the company's long-term strategy remains unchanged and is focused on refreshing the product portfolio, widening of market reach, increasing manufacturing capacities, and digitalization in operations”.
Rallis India Ltd is in the Agrochemicals sector is having a market capitalization worth Rs. 5,433.46 crores, it is incorporated in the year 1948. It has reported consolidated sales of Rs. 740.51 crores in June 2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500355, and also listed on the National Stock Exchange (NSE) with the code RALLIS.
Rallis India Ltd is primarily involved in producing and supplying agriculture-related inputs. Its crop care network consists of 3,879 dealers and 47,687 retailers. It also supplies seeds through a network of 2,881 dealers and 31,358 retailers. Rallis India is backup by a strong workforce of 1,700 employees. Rallis has a total of four manufacturing plants, three processing and drying plants, and two R&D centers spread across the country. The company is continuously working with 30 schools to provide primary, secondary, and higher education to around 6,990 students. The company has also awarded scholarships to 24 students through its Vidyasaarthi program. The promoters of the company own 50.09% of the stake in the company, Foreign Institutional Investors (FII) own 7.12% stake in the company, Domestic Institutional Investors (DII) own 17.74%, and others (such as public & retail investors) hold the balance of 25.05%.
In June 2021, quarterly net revenue was Rs. 740.51 crores, which has increased by approximately 11.74 % from Rs. 662.7 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 82.42 crores, which has reduced and decreased by nearly 10.29% from a net profit of Rs. 91.87 crores in June 2020. In June 2021, the reported operating profit was at Rs. 641.32 crores, which has also increased by 8.93% as compared to an operating profit of Rs. 588.75 crores for the quarter ending in June 2020. From an EPS of Rs. 4.72 in June 2020, the EPS of Rallis India Ltd has fallen further and reached an EPS of Rs. 4.24 per share in June 2021. RALLIS' stock closed at Rs. 279.40 on 27th August’2021 (NSE). Rallis India Ltd has returned 9.29 % positively in the last six months and returned 12.14% negatively in the previous year.
Rallis India Ltd is in the Agrochemicals sector is having a market capitalization worth Rs. 5,433.46 crores, it is incorporated in the year 1948. It has reported consolidated sales of Rs. 740.51 crores in June 2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500355, and also listed on the National Stock Exchange (NSE) with the code RALLIS.
Rallis India Ltd is primarily involved in producing and supplying agriculture-related inputs. Its crop care network consists of 3,879 dealers and 47,687 retailers. It also supplies seeds through a network of 2,881 dealers and 31,358 retailers. Rallis India is backup by a strong workforce of 1,700 employees. Rallis has a total of four manufacturing plants, three processing and drying plants, and two R&D centers spread across the country. The company is continuously working with 30 schools to provide primary, secondary, and higher education to around 6,990 students. The company has also awarded scholarships to 24 students through its Vidyasaarthi program. The promoters of the company own 50.09% of the stake in the company, Foreign Institutional Investors (FII) own 7.12% stake in the company, Domestic Institutional Investors (DII) own 17.74%, and others (such as public & retail investors) hold the balance of 25.05%.
In June 2021, quarterly net revenue was Rs. 740.51 crores, which has increased by approximately 11.74 % from Rs. 662.7 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 82.42 crores, which has reduced and decreased by nearly 10.29% from a net profit of Rs. 91.87 crores in June 2020. In June 2021, the reported operating profit was at Rs. 641.32 crores, which has also increased by 8.93% as compared to an operating profit of Rs. 588.75 crores for the quarter ending in June 2020. From an EPS of Rs. 4.72 in June 2020, the EPS of Rallis India Ltd has fallen further and reached an EPS of Rs. 4.24 per share in June 2021. RALLIS' stock closed at Rs. 279.40 on 27th August’2021 (NSE). Rallis India Ltd has returned 9.29 % positively in the last six months and returned 12.14% negatively in the previous year.
Rallis India share price as on 29 Mar 2024 is Rs. 250.5. Over the past 6 months, the Rallis India share price has increased by 19.63% and in the last one year, it has increased by 30.64%. The 52-week low for Rallis India share price was Rs. 186.55 and 52-week high was Rs. 294.4.
You can buy Rallis India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Rallis India Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:55 PM the closing price of Rallis India Ltd was ₹ 250.50.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:55 PM, the market cap of Rallis India Ltd stood at ₹ 4,871.45.