Rallis India Limited, a subsidiary of Tata Chemicals Limited and part of the global Tata Group, has a rich history spanning over 150 years. The company was incorporated in India on August 23, 1948, with George Euthymopoulo as the Chairman and Managing Director. The company's Corporate Identification Number (CIN) is L36992MH1948PLC014083, and it is headquartered at 23rd Floor, Vios Tower, New Cuffe Parade, Off Eastern Freeway, Wadala, Mumbai, Maharashtra - 400037.
The strategic importance of Rallis to the Tata Group is evident from Tata Chemicals' increased stake to 55.05% in July 2023 from 50.06% earlier, further reiterating Rallis' strategic importance to the group. Rallis is strategically important for Tata Chemicals as it is the only group company catering to the agrochemical space.
Rallis India is engaged in manufacturing of agrochemicals and is present across the value chain of agriculture inputs - from seeds to organic plant growth nutrients. The company is engaged primarily in the business of manufacturing and marketing of agri-inputs, including manufacturing, distribution, sales and marketing of crop protection, and a variety of field crops.
The company operates through two main reporting segments: Agri-Inputs and Others. The Agri-Inputs segment, which generates the vast majority of revenue, includes fertilizers, pesticides, insecticides, herbicides, fungicides, plant growth nutrients, and seeds. The Others segment consists of the manufacture and sale of plastics and polymers.
The company's comprehensive product portfolio includes crop protection products, including insecticides, herbicides, fungicides, and bio pesticide; organic and micronutrient fertilizers, and plant growth nutrients; seeds, such as maize, watermelon, cauliflower, cabbage, bottle gourd, cucumber, bitter gourd, chilli, okra, tomato, millet, paddy, and cotton; and animal nutrition products. Additionally, the company provides household products, such as Termex, an insecticide for termite control; Sentry, a chemical composition; and Ralligel plus, a chemical for cockroach control.
Rallis is also in the business of contract manufacturing for global corporations. The company offers contract manufacturing services for crop protection chemicals, specialty chemicals, polymers, and intermediates. The vast majority of revenue is generated in India, though the company has international operations as well.
The total income of FY 2024 was ₹2,664 Crore, which is less than the total income of ₹2,980 Crore in FY 2023. However, the company reported a net profit of ₹148 Crore in FY 2024 against a net profit of ₹92 Crore in FY 2023. This represents a growth of approximately 60.87%.
For the second quarter ending on September 30, 2024, Rallis India announced a 19.5% year-on-year growth in net profit, reaching ₹98 Crore. The company's revenue from operations also saw an 11.5% rise, amounting to ₹928 Crore, compared to ₹832 Crore during the same period in the previous fiscal year. EBITDA was up 24.8% at ₹166 Crore versus ₹133 Crore year-on-year.
As per recent data, Rallis India has a market capitalization of ₹6,102 Crore. Today's market capitalization of Rallis India Ltd is ₹5,683.35 Crore, reflecting some variation in market valuation.
The company has begun work on the new Rallis Science and Technology Centre (RSTC) to boost innovation capabilities. Rallis India has been honoured with the Award of Merit at the 1st edition of the CII National Awards for Artificial Intelligence (AI) 2023 for its AI-based crop weather monitoring platform 'Drishti'.
The company offers its products through a network of dealers and retailers. With a rich experience in agricultural practices and a broader product portfolio in crop protection and nutrition, Rallis is a reliable solution provider to Indian farmers.
Rallis' acquisition of Metahelix Life Sciences, a research-based company on seeds, in 2010-11, gave it a prominent position in the seeds market. Rallis now possesses a robust suite of research, technical knowledge, germplasm, hybrids, and seed production.
The company has reduced debt and is almost debt-free. The company has been maintaining a healthy dividend payout of 41.5%.
According to Managing Director and CEO Gyanendra Shukla, the company's strong performance is attributed to solid domestic demand, supported by favorable monsoon conditions and higher commodity prices. While the international market is seeing a recovery in volumes, pricing pressures continue to persist.
The company's efforts continue to be directed towards improving market share in domestic business, and they remain positive for the upcoming Rabi season with higher reservoir water levels.
Rallis India represents a significant player in the Indian agri-sciences sector, with its strong heritage, comprehensive product portfolio, and strategic position within the Tata Group ecosystem. The company's focus on innovation, sustainable agriculture practices, and farmer-centric solutions positions it well for future growth in India's expanding agricultural market.
