RALLIS
Rallis India share price & financials
- Price
- ₹233.94
- Market cap
- ₹4.2k Cr
- Sector
- Chemicals
- Calls analysed
- 8
Rallis India Limited Q1 FY27
What went well
- Revenue increased by 7% to ₹1022 crores in Q1 FY27 compared to ₹957 crores in Q1 FY26.
- EBITDA improved by 23% to ₹184 crores from ₹150 crores in Q1 FY26.
- Profit after tax stood at ₹125 crores, a 32% increase from ₹95 crores in Q1 FY26.
What to watch
- Weak demand environment and sustained pricing pressure in the Indian agrochemical space.
- Middle East war likely affected the agrochemical sector through higher feedstock, energy, and freight costs.
What Rallis India Limited does
Rallis India, a Tata Group company, manufactures and markets crop protection chemicals (herbicides, insecticides, fungicides), soil & plant health products (organic fertilizers and biostimulants), and seeds for Indian and export agriculture. It earns revenue through branded B2C crop-protection and seed sales to farmers via a nationwide dealer-retailer network, B2B and custom-synthesis manufacturing for international agrochemical customers, and direct export sales across dozens of countries. Manufacturing runs across owned ag-chem plants and seed-processing units, supplemented by third-party facilities, backed by in-house R&D and innovation centres in Bengaluru.
Segments
- Crop Protection - Domestic
- Crop Protection - Exports
- Soil & Plant Health (Crop Nutrition)
- Seeds
- Manufacturing facilities
- 5 owned ag-chem plants (Akola, Lote, Ankleshwar, Dahej CZ, Dahej SEZ) plus 10 third-party facilities under supervision
- Seed processing plants
- 2 (Kokkonda owned; GP Pally and Medchal third-party)
- Retailers (domestic)
- 95,000+
- Dealers (Crop Care B2C + Seeds)
- 7,200+
- Farmer connects
- 8.5 Mn+
- Distribution reach
- Covers 80% of India's districts
Guidance record · Q1 FY27
what the last two calls moved 17 tracked 2 delivered 5 missed 10 open- B2C Crop Protection Growth (ex-SPH) (Q1 FY27) delivered said Q4 FY26 Promised: Low single digit / marginally positive growth in Q1 FY27 Q1 FY27: The domestic Crop Protection category grew 17.8% YoY, significantly exceeding the 'low single digit' guidance.
- Growth vs Industry Average delivered said Q4 FY25 Promised: Grow faster than industry average of 5-7% Q1 FY27: Target was for FY26 and has been achieved. Not addressed.
- Long-term Revenue Growth at risk said Q1 FY26 Promised: high double digit Q1 FY27: Q1 FY27 revenue growth was 6.8% YoY, which remains in the single-digit range and below the 'high double digit' aspiration.
All 17 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 6.8%, net profit up 31.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 928 | 522 | 430 | 957 | 861 −7% | 623 +19% | 456 +6% | 1,022 +7% |
| EBITDA | 166 | 44 | -20 | 150 | 154 −7% | 58 +32% | -1 +95% | 185 +23% |
| Net profit | 98 | 11 | -32 | 95 | 102 +4% | 2 −82% | -15 +53% | 125 +32% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −40.7% 1Y
1Y: ₹340.65 on 10 Sept 2025 → ₹201.99. High ₹340.65 (10 Sept 2025), low ₹201.99 (11 Sept 2026).
How the price took the results
close before → close after
- Q1 FY27
- −4.7%
- 21 Jul
- Q4 FY26
- +0.1%
- 28 Apr
- Q3 FY26
- +2.3%
- 21 Jan
- Q2 FY26
- −0.7%
- 17 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 0.8% a year over 3 years, FY23 to FY26. Operating margin widened to 12.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹3.0k Cr | ₹2.6k Cr | ₹2.7k Cr | ₹2.9k Cr |
| Operating profit | ₹219 Cr | ₹311 Cr | ₹286 Cr | ₹361 Cr |
| Operating margin | 7.4% | 11.7% | 10.7% | 12.5% |
| Interest | ₹12 Cr | ₹18 Cr | ₹12 Cr | ₹10 Cr |
| Depreciation | ₹92 Cr | ₹114 Cr | ₹120 Cr | ₹117 Cr |
| Net profit | ₹92 Cr | ₹148 Cr | ₹125 Cr | ₹184 Cr |
| Net margin | 3.1% | 5.6% | 4.7% | 6.4% |
| ROCE | 8.0% | 11.0% | 10.0% | 14.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr | ₹19 Cr |
| Reserves | ₹1.6k Cr | ₹1.7k Cr | ₹1.7k Cr | ₹1.8k Cr | ₹2.0k Cr | ₹2.0k Cr |
| Borrowings | ₹76 Cr | ₹93 Cr | ₹137 Cr | ₹134 Cr | ₹61 Cr | ₹61 Cr |
| Other liabilities | ₹920 Cr | ₹1.1k Cr | ₹931 Cr | ₹1.0k Cr | ₹1.2k Cr | ₹1.2k Cr |
| Total liabilities | ₹2.6k Cr | ₹2.9k Cr | ₹2.8k Cr | ₹3.0k Cr | ₹3.3k Cr | ₹3.3k Cr |
| Fixed assets | ₹631 Cr | ₹771 Cr | ₹758 Cr | ₹1.0k Cr | ₹901 Cr | ₹849 Cr |
| Capital work in progress | ₹164 Cr | ₹130 Cr | ₹237 Cr | ₹62 Cr | ₹13 Cr | ₹32 Cr |
| Investments | ₹283 Cr | ₹212 Cr | ₹223 Cr | ₹251 Cr | ₹433 Cr | ₹505 Cr |
| Other assets | ₹1.5k Cr | ₹1.7k Cr | ₹1.6k Cr | ₹1.7k Cr | ₹2.0k Cr | ₹2.0k Cr |
| Total assets | ₹2.6k Cr | ₹2.9k Cr | ₹2.8k Cr | ₹3.0k Cr | ₹3.3k Cr | ₹3.3k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Mutual funds in RALLIS
Filings to Aug 2026
0 new, 0 added, 1 trimmed, 0 sold out — net −9.51 L shares (−8.5%).
- Held by funds
- ₹211 Cr
- 3 schemes
- Biggest holder
- SBI Contra Fund
- ₹190 Cr · 0.4% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Contra Fund SBI Mutual Fund | ₹190 Cr | held | Mar '22 |
| SBI ELSS Tax Saver Fund SBI Mutual Fund | ₹10 Cr | −9.51 L | Aug '21 |
| SBI Multi Asset Allocation Fund SBI Mutual Fund | ₹10 Cr | held | Aug '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 1 trimmed — net −9.51 L shares (−8.5%)
- Funds are sitting on
- -1%
- vs est. average cost
- Held by funds
- ₹211 Cr
- 3 schemes · ≈ 5.7% of the company
- Biggest holder
- SBI Contra Fund
- ₹190 Cr · 0.4% of that fund
- Longest holder
- SBI ELSS Tax Saver Fund
- 5y 1m · since Aug '21
Shares held by these funds −44%
Aug '23 1.11 cr shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Rallis India Limited
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