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Rallis India Q2 FY27 Share Price & Earnings Call Analysis

₹189.54+0.43% today
Market cap
₹3,686 Cr
P/E
16.14
ROE
10.22%
PEG
0.54
Price to sales
1.26
Debt to equity
0.03
52W high / low
₹295 / ₹189
Sales growth (5Y)
3.58%
EBITDA margin
13.37%
Net profit margin
6.96%
Promoter holding
55.08%
Sales (last year)
₹2,962 Cr

Rallis India, a Tata Group company Group Co., has a history of over 150 years. The company is into manufacturing of Agrochemicals and is present across the value chain of agriculture inputs - from seeds to organic plant growth nutrients. Rallis is also in the business of contract manufacturing for global corporations. [1]

Guidance scorecard · Q2 FY27 call

What Rallis India's management guided
and where it ranks in Fertilizers & Agrochemicals

#17of 23 in
Fertilizers & Agrochemicals
Revenue0–10%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

0–10%
  • Expectation of continued volume-led growth with emphasis on market excellence and dealer-farmer engagement to generate demand.
  • Focus on capturing market share by selling more volumes, especially as smaller players may face working capital constraints.
  • Shift towards high-margin, sustainable, and farmer-centric offerings including biologicals and next-generation products, expected to grow faster.
  • Crop Care segment aims for growth via new products, product portfolio expansion, and enhanced digital engagement.
  • Price increases are being implemented cautiously to maintain competitiveness, with a balance of volume and price growth.

2 more points from Rallis India's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Rallis India said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • The company has mentioned past capex investments.
  • Focus on building capabilities in Soil and Plant Health business, moving from third-party sourcing to in-house development.
  • Continuing investments in R&D with sharper focus on five strategic seed crops: Cotton, Maize, Millet, Mustard, and Rice.
  • Digital and technology-led marketing and farmer engagement initiatives are ongoing, indicating investment in digital platforms.

2 more points from Rallis India's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Rallis India said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what Rallis India said on the order book →

Full Q1 FY27 analysis
Full Fertilizers & Agrochemicals ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Fertilizers & Agrochemicals
on management's own guidance

  1. Dharmaj CropGood growth
    2
  2. Anya Polytech &Good growth
    1
  3. M B Agro Prod.Good growth
    3
See all potential multibaggersWhere does Rallis India rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Fertilizers & Agrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Anya Polytech &20–40%Up 2%+₹209 Cr25.1
2Dharmaj Crop20–40%Up 0–2%₹882 Cr14.7
3M B Agro Prod.20–40%Flat₹7,668 Cr49.5
420–40%Flat₹6,453 Cr32.8
510–20%Up 2%+₹1,226 Cr18.3
610–20%Flat₹51,882 Cr27.8

Sign up free to see every company in the sector ranking and track Rallis India.

Pro shows every company guiding 40%+ revenue growth →Full Fertilizers & Agrochemicals ranking

Financials of Rallis India

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Rallis India

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +55.08%55.08%55.08%55.08%55.08%55.08%55.08%55.08%55.08%55.08%55.08%55.08%
FIIs +9.21%9.20%9.46%10.58%11.86%11.41%11.28%14.20%12.08%11.55%9.12%6.08%
DIIs +12.83%12.77%13.26%13.83%13.29%13.78%13.84%11.20%11.30%11.32%11.72%10.63%
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 +22.45%22.54%21.79%20.09%19.35%19.31%19.37%19.12%21.14%21.64%23.66%27.78%
No. of Shareholders1,37,3511,44,1151,38,4341,33,5191,35,5761,36,2411,28,4371,26,6361,35,0101,29,2251,30,8121,39,826

Financials of Rallis India

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +8325984367839285224309578616234561,022858
Expenses +699536430687762478450807707565457837732
Operating Profit1336269616644-2015015458-1185126
OPM %16%10%1.4%12%18%8%-4.7%16%18%9%-0.2%18%15%
Other Income +6265106121216-26141522
Interest3485322432122
Depreciation26303331302930293029293032
Profit before tax11030-296514319-401291371-17168114
Tax %25%20%-28%26%31%42%-20%26%26%-100%-12%26%25%
Net Profit +8224-21489811-32951022-1512585
EPS in Rs4.221.23-1.082.475.040.57-1.654.895.250.10-0.776.434.37

Financials of Rallis India

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,4931,2881,3861,4981,9842,2522,4292,6042,9672,6482,6632,8972,959
Expenses +1,2371,0791,1481,2701,7411,9872,1042,3232,7462,3352,3752,5342,591
Operating Profit255209238228243265325281221313288362368
OPM %17%16%17%15%12%12%13%11%7%12%11%13%12%
Other Income +251689304649221316331625
Interest7104681077141914117
Depreciation453842414662647491114120117120
Profit before tax206165359191219239304222128196187250266
Tax %29%24%26%26%29%22%25%26%28%24%33%27%
Net Profit +14512626614115418522916492148125184197
EPS in Rs7.486.4913.687.287.939.5411.768.454.737.606.439.4610.13
Dividend Payout %33%39%27%34%32%26%26%36%53%33%39%32%

Financials of Rallis India

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital19191919191919191919191919
Reserves7798991,1061,1591,2661,3911,5721,6771,7111,8101,8852,0242,173
Borrowings +7536222173947693137134636199
Other Liabilities +3593564045338019449201,0699311,0401,0071,2411,139
Total Liabilities1,2321,3101,5511,7332,1592,4472,5872,8582,7983,0032,9743,3453,430
Fixed Assets +3733423503515815936317717581,008904849887
CWIP14242325517616413023762523214
Investments232305534390109302283212223251412505189
Other Assets +6146396449681,4191,4761,5081,7451,5811,6831,6071,9582,340
Total Assets1,2321,3101,5511,7332,1592,4472,5872,8582,7983,0032,9743,3453,430

Financials of Rallis India

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +64218353-579338216166217269295172
Cash from Investing Activity +-42-134-27595-51-246-162-103-142-102-214-95
Cash from Financing Activity +-24-52-74-92-52-74-67-61-41-184-80-66
Net Cash Flow-2323-1-2318-13134-18111
Free Cash Flow34161302-543327258-1531188224143
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit49%121%181%24%62%149%89%83%121%105%121%66%

Financials of Rallis India

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days505259898273616361807478
Inventory Days114128121170224193200227158199185217
Days Payable8595113167178176156182117148134164
Cash Conversion Cycle8085689212990105107102131126130
Working Capital Days365051938250616248676368
ROCE %26%19%20%17%18%17%19%14%8%11%10%14%

Guidance history

How Rallis India's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →0–10%Up 0–2%Planned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%Up 2%+None planned——
Q2 FY26 call →0–10%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

10out of 100

Momentum score · price trend

10 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−29.8%23%
Last 6 months−28.7%9%
Last 3 months−12.7%34%

The price is 50.1% below its all-time high of ₹380.05 (14 Aug 2025). Stocks more than 20% below their peak have their score halved, so 19 became 10.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Rallis India: 0.4 × 23 + 0.4 × 9 + 0.2 × 34 = 19, halved to 10 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Rallis India's management said in earlier quarters

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