Rallis India Ltd, a subsidiary of Tata Chemicals Limited and a part of the Tata Group, is a leading name in the agricultural inputs industry with a legacy of over 150 years. Renowned for its innovative approach, the company operates under the guiding philosophy of “Serving Farmers through Science,” focusing on enhancing agricultural productivity through advanced solutions. Its comprehensive product portfolio includes pesticides, fungicides, insecticides, seeds, plant growth nutrients, and organic solutions, catering to diverse crop care needs. With a strong distribution network comprising over 6,000 dealers and 70,000 retailers, Rallis India serves millions of farmers across India and exports to more than 58 countries globally. The company boasts four state-of-the-art production facilities, located in Gujarat (Ankleshwar and Dahej) and Maharashtra (Lote and Akola), which emphasize safety and sustainability in manufacturing. Additionally, Rallis India engages in contract manufacturing for global corporations, further extending its market reach. Combining a deep understanding of farm science with a commitment to innovation and sustainability, Rallis India continues to be a trusted partner for farmers worldwide, contributing significantly to the agricultural value chain.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | |
| Promoters + | 55.08% | 55.08% | 55.08% | 55.08% | 55.08% |
| FIIs + | 9.21% | 9.20% | 9.46% | 10.58% | 11.86% |
| DIIs + | 12.83% | 12.77% | 13.26% | 13.83% | 13.29% |
| Government + | 0.41% | 0.41% | 0.41% | 0.41% | 0.41% |
| Public + | 22.45% | 22.54% | 21.79% | 20.09% | 19.35% |
| No. of Shareholders | 1,37,351 | 1,44,115 | 1,38,434 | 1,33,519 | 1,35,576 |
The shareholding pattern of Rallis India showcases stability and gradual shifts across various categories during the period from December 2023 to December 2024. The promoters’ shareholding remained consistent at 55.08% throughout the period, reflecting their strong commitment to the company. The Foreign Institutional Investors (FIIs) demonstrated an upward trend, increasing from 9.21% in December 2023 to 11.86% in December 2024, indicating growing interest from global investors. Similarly, the Domestic Institutional Investors (DIIs) showed a rise in their stake from 12.83% to a peak of 13.83% in September 2024 before settling slightly lower at 13.29% by December 2024.
The government’s stake remained constant at 0.41% throughout the year, signifying no change in their involvement. On the other hand, the public shareholding exhibited a decline, decreasing from 22.45% in December 2023 to 19.35% in December 2024, suggesting a consolidation of shares among institutional investors. The number of shareholders fluctuated during this period, peaking at 1,44,115 in March 2024 before stabilizing at 1,35,576 by December 2024. Overall, the shareholding pattern of Rallis India reflects a steady promoter commitment, increasing institutional interest, and a slight decline in public shareholding, indicative of evolving investor dynamics.
Below are the trading platforms that you can use to purchase Rallis India shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2025 | 252.77 | 194.44 |
| April 2025 | 250.27 | 192.51 |
| May 2025 | 242.98 | 186.91 |
| June 2025 | 253.91 | 195.32 |
| July 2025 | 248.93 | 191.49 |
| August 2025 | 256.63 | 197.41 |
| September 2025 | 259.71 | 199.78 |
| October 2025 | 266.46 | 204.97 |
| November 2025 | 273.12 | 210.10 |
| December 2025 | 285.42 | 219.55 |
In 2025, Rallis India shares are expected to exhibit significant price fluctuations, starting with March, where the maximum price could reach ₹252.77, while the minimum price might be around ₹194.44. By December, Rallis India is anticipated to achieve even higher levels, with a maximum price of ₹285.42 and a minimum price of ₹219.55.
| When | Maximum Price | Minimum Price |
| January 2026 | 293.98 | 226.14 |
| February 2026 | 286.63 | 220.48 |
| March 2026 | 292.36 | 224.89 |
| April 2026 | 298.33 | 229.48 |
| May 2026 | 295.37 | 227.21 |
| June 2026 | 302.76 | 232.89 |
| July 2026 | 296.82 | 228.32 |
| August 2026 | 306.00 | 235.39 |
| September 2026 | 312.12 | 240.09 |
| October 2026 | 320.24 | 246.34 |
| November 2026 | 328.24 | 252.49 |
| December 2026 | 336.45 | 258.81 |
As we move through 2026, the share price of Rallis India is projected to demonstrate a steady upward momentum. Starting in January, the maximum price is anticipated to reach ₹293.98, with a minimum price of ₹226.14. By December, the share price of Rallis India is expected to rise further, achieving a maximum of ₹336.45 and a minimum of ₹258.81.
| When | Maximum Price | Minimum Price |
| January 2027 | 339.81 | 261.40 |
| February 2027 | 348.53 | 268.10 |
| March 2027 | 362.12 | 278.55 |
| April 2027 | 355.02 | 273.09 |
| May 2027 | 344.68 | 265.14 |
| June 2027 | 360.19 | 277.07 |
| July 2027 | 353.13 | 271.64 |
| August 2027 | 364.05 | 280.04 |
| September 2027 | 376.79 | 289.84 |
| October 2027 | 386.59 | 297.37 |
| November 2027 | 396.25 | 304.81 |
| December 2027 | 406.16 | 312.43 |
| When | Maximum Price | Minimum Price |
| January 2028 | 414.28 | 318.68 |
| February 2028 | 424.90 | 326.85 |
| March 2028 | 441.47 | 339.60 |
| April 2028 | 432.82 | 332.94 |
| May 2028 | 420.21 | 323.24 |
| June 2028 | 439.12 | 337.79 |
| July 2028 | 430.51 | 331.16 |
| August 2028 | 443.83 | 341.40 |
| September 2028 | 459.36 | 353.35 |
| October 2028 | 471.30 | 362.54 |
| November 2028 | 483.09 | 371.60 |
| December 2028 | 495.16 | 380.89 |
| When | Maximum Price | Minimum Price |
| January 2029 | 505.07 | 388.51 |
| February 2029 | 518.02 | 398.47 |
| March 2029 | 538.22 | 414.01 |
| April 2029 | 527.67 | 405.90 |
| May 2029 | 512.30 | 394.07 |
| June 2029 | 535.35 | 411.81 |
| July 2029 | 524.85 | 403.73 |
| August 2029 | 541.09 | 416.22 |
| September 2029 | 560.02 | 430.79 |
| October 2029 | 574.58 | 441.99 |
| November 2029 | 588.95 | 453.04 |
| December 2029 | 603.67 | 464.36 |
| When | Maximum Price | Minimum Price |
| January 2030 | 615.75 | 473.65 |
| February 2030 | 631.53 | 485.80 |
| March 2030 | 656.16 | 504.74 |
| April 2030 | 643.30 | 494.84 |
| May 2030 | 624.56 | 480.43 |
| June 2030 | 652.67 | 502.05 |
| July 2030 | 639.87 | 492.21 |
| August 2030 | 659.66 | 507.43 |
| September 2030 | 682.75 | 525.19 |
| October 2030 | 700.50 | 538.84 |
| November 2030 | 718.01 | 552.32 |
| December 2030 | 735.96 | 566.12 |
As we progress through 2030, the share price of Rallis India is expected to exhibit a significant upward trajectory. In January, the share price is anticipated to reach a maximum of ₹615.75 and a minimum of ₹473.65. By December, the share price of Rallis India is projected to climb further, achieving a maximum of ₹735.96 and a minimum of ₹566.12.
Financial Condition of Rallis India
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,252 | 2,429 | 2,604 | 2,967 | 2,648 | 2,669 |
| Expenses + | 1,987 | 2,104 | 2,323 | 2,746 | 2,335 | 2,357 |
| Operating Profit | 265 | 325 | 281 | 221 | 313 | 312 |
| OPM % | 12% | 13% | 11% | 7% | 12% | 12% |
| Other Income + | 46 | 49 | 22 | 13 | 16 | 27 |
| Interest | 10 | 7 | 7 | 14 | 19 | 18 |
| Depreciation | 62 | 64 | 74 | 91 | 114 | 123 |
| Profit before tax | 239 | 304 | 222 | 128 | 196 | 198 |
| Tax % | 22% | 25% | 26% | 28% | 24% | |
| Net Profit + | 185 | 229 | 164 | 92 | 148 | 136 |
| EPS in Rs | 9.54 | 11.76 | 8.45 | 4.73 | 7.6 | 7 |
| Dividend Payout % | 26% | 26% | 36% | 53% | 33% |
The financial performance of Rallis India over the years demonstrates a mix of stability and challenges in its operations. From March 2020 to March 2024, Rallis India showed an upward trend in sales, rising from ₹2,252 crore in 2020 to ₹2,967 crore in 2023, before slightly declining to ₹2,648 crore in 2024. The trailing twelve months (TTM) figure stands at ₹2,669 crore, indicating resilience. Expenses have followed a similar trend, growing from ₹1,987 crore in 2020 to ₹2,746 crore in 2023 and reducing to ₹2,335 crore in 2024, reflecting improved cost management.
Operating profit for Rallis India peaked at ₹325 crore in 2021, with an OPM% of 13%, but it experienced a decline in subsequent years, dropping to ₹221 crore in 2023 before recovering to ₹313 crore in 2024. The TTM operating profit remains steady at ₹312 crore, maintaining a 12% OPM%. Other income has varied, with a notable drop from ₹46 crore in 2020 to ₹13 crore in 2023, recovering to ₹16 crore in 2024.
Profit before tax (PBT) decreased from ₹239 crore in 2020 to ₹128 crore in 2023 but improved to ₹196 crore in 2024. Net profit also mirrored this pattern, starting at ₹185 crore in 2020, dipping to ₹92 crore in 2023, and recovering to ₹148 crore in 2024. The EPS fell to ₹4.73 in 2023 but rose to ₹7.6 in 2024, indicating better profitability per share. The dividend payout ratio has been variable, ranging from 26% in 2020 to 53% in 2023, with a moderate 33% in 2024, showcasing Rallis India’s commitment to shareholder returns while balancing reinvestments.
FAQs
What is Rallis India current market capitalization?
Rallis India current market capitalization is ₹4,318 Crores.
Rallis India share price targets for 2025 range from ₹219.55 to ₹285.42 by December.
Rallis India share price targets for 2030 range from ₹473.65 to ₹735.96.
What is the current Price/Earnings (P/E) ratio of Rallis India?
Rallis India current Price/Earnings (P/E) ratio is 31.8.
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Conclusion
Rallis India stands as a formidable entity in the agricultural solutions sector, backed by its diversified product portfolio, extensive distribution network, and commitment to sustainability. The company’s consistent promoter stake, growing institutional interest, and robust financial performance underline its resilience and strategic positioning in the market. While Rallis India has faced challenges such as fluctuating profits and operational margins, its recovery in recent years reflects its capacity to adapt and thrive. The projected upward trend in share prices through 2025 to 2030 further emphasizes the company’s growth potential, making it a significant player in the agricultural value chain and a promising prospect for investors.
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