Financials Rallis India Limited

Equities

RALLIS

INE613A01020

Agricultural Chemicals

Market Closed - NSE India S.E. Other stock markets 05:27:37 19/01/2026 pm IST			5-day change	1st Jan Change
240.45 ^INR	-1.56%		-5.39%	-14.12%

07/01	Rallis India Limited Announces Resignation of Amol Jadhav as Head - Environment, Health, Safety & Sustainability, Senior Management Personnel, Effective January 7, 2026	CI
30/12	Rallis India Limited Appoints Devender Kumar as Head Research & Development, Designate ? Seeds Division, Effective January 2, 2026	CI

Projected Income Statement: Rallis India Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	24,294	26,039	29,670	26,480	26,630	28,918	32,406	35,992
Change	-	7.18%	13.94%	-10.75%	0.57%	8.59%	12.06%	11.07%
EBITDA ¹	3,229	2,741	2,183	3,120	2,860	3,568	4,253	4,923
Change	-	-15.12%	-20.33%	42.9%	-8.33%	24.77%	19.19%	15.75%
EBIT ¹	2,588	1,998	1,270	1,980	1,660	2,276	2,903	3,475
Change	-	-22.82%	-36.44%	55.94%	-16.16%	37.09%	27.59%	19.68%
Interest Paid ¹	-	-47.9	-122.4	-180	-120	-122.2	-122.8	-118.6
Earnings before Tax (EBT) ¹	3,035	2,224	1,281	1,960	1,870	2,575	3,223	3,872
Change	-	-26.72%	-42.42%	53.05%	-4.59%	37.68%	25.17%	20.16%
Net income ¹	2,286	1,642	919.4	1,480	1,250	2,051	2,502	3,011
Change	-	-28.17%	-44.01%	60.97%	-15.54%	64.09%	21.97%	20.36%
Announcement Date	22/04/21	21/04/22	25/04/23	22/04/24	23/04/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	6,744	7,381	5,781	4,713	7,405	7,278	6,281	5,075	8,628	9,512	6,304	5,226	7,820	8,320	5,980	4,360	7,830	9,280	5,220	4,300	9,570	9,422	5,774	4,745
Change	-	9.43%	-21.67%	-18.48%	57.13%	-1.72%	-13.7%	-19.19%	69.99%	10.25%	-33.73%	-17.1%	49.63%	6.39%	-28.12%	-27.09%	79.59%	18.52%	-43.75%	-17.62%	122.56%	-1.55%	-38.71%	-17.83%
EBITDA ¹	1,283	1,168	601.2	177.2	1,215	1,213	674	-28.4	1,127	1,176	533.1	-652.5	1,100	1,330	620	60	960	1,660	440	-200	1,500	1,633	543.8	-24
Change	-	-8.99%	-48.51%	-70.53%	585.78%	-0.16%	-44.44%	-104.21%	4,066.9%	4.39%	-54.67%	-222.4%	268.58%	20.91%	-53.38%	-90.32%	1,500%	72.92%	-73.49%	-145.45%	850%	8.84%	-66.69%	-104.41%
EBIT ¹	1,104	964.5	490.8	29.2	1,030	1,028	489.8	-225	879.9	955.8	312.8	-878.8	850	1,070	320	-270	650	1,360	150	-500	1,210	1,216	319	-
Change	-	-12.61%	-49.11%	-94.05%	3,428.42%	-0.19%	-52.37%	-145.94%	491.07%	8.63%	-67.27%	-380.95%	196.72%	25.88%	-70.09%	-184.38%	340.74%	109.23%	-88.97%	-433.33%	342%	0.54%	-73.78%	-
Charge d'intérêts	-	-14	-7.9	-	-	-12.3	-	-12.3	-	-	-33.9	-	-	-	-40	-80	-	-30	-20	-20	-	-45	-	-
Earnings before Tax (EBT) ¹	1,202	1,098	620.5	115.6	1,091	765	530.7	-162.4	909.6	954.1	299.7	-882.8	850	1,100	300	-290	650	1,430	190	-400	1,290	1,426	326.7	-284
Change	-	-8.66%	-43.46%	-81.37%	843.69%	-29.87%	-30.63%	-130.6%	660.1%	4.89%	-68.59%	-394.56%	196.28%	29.41%	-72.73%	-196.67%	324.14%	120%	-86.71%	-310.53%	422.5%	10.54%	-77.09%	-186.94%
Net income ¹	918.7	829.5	456.4	81.2	823.4	564.9	395.6	-141.9	674.7	710.5	225.5	-691.3	630	820	240	-210	480	980	110	-320	950	1,049	257.1	-211
Change	-	-9.71%	-44.98%	-82.21%	914.04%	-31.39%	-29.97%	-135.87%	575.48%	5.31%	-68.26%	-406.56%	191.13%	30.16%	-70.73%	-187.5%	328.57%	104.17%	-88.78%	-390.91%	396.88%	10.39%	-75.49%	-182.08%
Announcement Date	22/07/20	19/10/20	18/01/21	22/04/21	21/07/21	19/10/21	19/01/22	21/04/22	19/07/22	19/10/22	19/01/23	25/04/23	15/07/23	25/10/23	23/01/24	22/04/24	18/07/24	15/10/24	17/01/25	23/04/25	14/07/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2024 S2
Net sales	-
Change	-
EBITDA ¹	690
Change	-
EBIT	-
Change	-
Charge d'intérêts	-
Earnings before Tax (EBT)	-
Change	-
Net income	-
Change	-
Announcement Date	22/04/24

¹INR in Million

Estimates

Forecast Balance Sheet: Rallis India Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-2,636	-2,140	577	-310	-3,760	-4,679	-5,889	-7,513
Change	-	18.82%	126.96%	-153.73%	-1,112.9%	-24.44%	-25.86%	-27.58%
Announcement Date	22/04/21	21/04/22	25/04/23	22/04/24	23/04/25	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Rallis India Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	1,428	1,561	1,694	700	740	956.6	983.4	971.1
Change	-	9.36%	8.49%	-58.68%	5.71%	29.27%	2.8%	-1.25%
Free Cash Flow (FCF) ¹	740.2	-191.9	289.2	1,870	2,210	1,754	1,782	2,158
Change	-	-125.93%	250.7%	546.61%	18.18%	-20.62%	1.58%	21.08%
Announcement Date	22/04/21	21/04/22	25/04/23	22/04/24	23/04/25	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Rallis India Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	13.29%	10.52%	7.36%	11.78%	10.74%	12.34%	13.12%	13.68%
EBIT Margin (%)	10.65%	7.67%	4.28%	7.48%	6.23%	7.87%	8.96%	9.65%
EBT Margin (%)	12.49%	8.54%	4.32%	7.4%	7.02%	8.9%	9.95%	10.76%
Net margin (%)	9.41%	6.31%	3.1%	5.59%	4.69%	7.09%	7.72%	8.37%
FCF margin (%)	3.05%	-0.74%	0.97%	7.06%	8.3%	6.07%	5.5%	5.99%
FCF / Net Income (%)	32.38%	-11.69%	31.46%	126.35%	176.8%	85.52%	71.23%	71.66%
Profitability
ROA	6.42%	6.03%	3.25%	5.1%	4.18%	8.3%	8.5%	8.9%
ROE	15.23%	9.99%	5.37%	8.32%	6.7%	10.16%	11.49%	12.68%
Financial Health
Leverage (Debt/EBITDA)	-	-	0.26x	-	-	-	-	-
Debt / Free cash flow	-	-	2x	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	5.88%	6%	5.71%	2.64%	2.78%	3.31%	3.03%	2.7%
CAPEX / EBITDA (%)	44.22%	56.97%	77.59%	22.44%	25.87%	26.81%	23.12%	19.73%
CAPEX / FCF (%)	192.89%	-813.65%	585.75%	37.43%	33.48%	54.53%	55.18%	45.01%
Items per share
Cash flow per share ¹	-	8.523	11.16	13.83	15.17	16.77	16.04	18.67
Change	-	-	30.9%	23.97%	9.71%	10.49%	-4.33%	16.41%
Dividend per Share ¹	3	3	2.5	2.5	2.5	2.891	3.472	3.852
Change	-	0%	-16.67%	0%	0%	15.63%	20.1%	10.95%
Book Value Per Share ¹	82.28	87.23	88.95	94.05	97.94	104.5	113.7	124.8
Change	-	6.02%	1.97%	5.73%	4.14%	6.66%	8.85%	9.78%
EPS ¹	11.75	8.44	4.73	7.61	6.43	10.53	12.77	15.37
Change	-	-28.17%	-43.96%	60.89%	-15.51%	63.72%	21.33%	20.37%
Nbr of stocks (in thousands)	1,94,469	1,94,469	1,94,469	1,94,469	1,94,469	1,94,469	1,94,469	1,94,469
Announcement Date	22/04/21	21/04/22	25/04/23	22/04/24	23/04/25	-	-	-