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Employees: 5,546
Size Rallis India (RALLIS.NS) is an India Materials company (Chemicals: Agricultural) with a market value of $389M, the 955th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹189.45 on 6 Nov 2026.
Performance Over six months the shares fell 28.4%, against -27.2% for the median peer and 0.0% for the India market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 6.8% over the last twelve months (peer median +4.8%); the operating margin is 9.6% (peer median 2.5%).
Valuation It trades at 17.6× forward earnings against a peer median of 10.2× (4th most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 20% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.4 points below its cost of capital (16.6% WACC).
Next results Next results expected around 20 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹29.6B | ₹28.9B | ₹26.6B | ₹26.4B | ₹29.7B |
| Revenue growth | — | +9% | +1% | -11% | — |
| Gross profit | ₹8.43B | ₹6.64B | ₹5.71B | ₹5.74B | ₹5.55B |
| EBITDA | ₹4.03B | ₹3.64B | ₹2.97B | ₹3.24B | ₹2.67B |
| Net income | ₹1.97B | ₹1.84B | ₹1.25B | ₹1.48B | ₹919M |
| Free cash flow | n/a | ₹1.27B | ₹2.22B | ₹1.90B | ₹418M |
| Capital expenditure | n/a | ₹447M | ₹734M | ₹825M | ₹1.88B |
| Total debt | ₹990M | ₹611M | ₹631M | ₹1.34B | ₹1.37B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RALLIS.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.3% | -13.8% | 3rd highest of 21 |
| 6-month return | -28.4% | -27.2% | 10th lowest of 21 |
| Distance from 52-week high | -36.5% | -36.6% | 11th highest of 21 |
| Revenue growth (TTM) | +6.8% | +4.8% | 9th highest of 21 |
| Operating margin | 9.6% | 2.5% | 5th highest of 21 |
| Forward P/E | 17.6× | 10.2× | 4th most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 20.1% | -5.8% | most demanding of 8 |
| Growth delivered (Del g) | +3.6% | +8.8% | 3rd lowest of 8 |
| Hurdle (Req g minus delivered) | +16.6 pp | -9.9 pp | most demanding of 8 |
| ROIC minus cost of capital | -6.4 pp | -0.6 pp | 6th lowest of 21 |
| EV / EBITDA | 8.8× | 7.3× | 2nd most expensive of 6 |
| Net debt / EBITDA | -0.3× | 1.0× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Rallis India RALLIS.NS | India | $389M | -28% | +7% | 10% | 17.6× | 20.1% | +3.6% |
| Suli 603585.SS | China | $384M | -33% | +9% | 9% | 10.2× | 2.3% | +12.3% |
| Jiangsu Flag Chemical Industry 300575.SZ | China | $383M | -19% | +21% | 1% | 27.0× | 0.5% | +7.5% |
| Sino-Agri Leading Biosciences 603970.SS | China | $403M | -24% | +5% | 2% | 9.4× | -9.0% | +11.1% |
| Anhui Liuguo Chemical 600470.SS | China | $376M | -31% | -2% | -7% | n/a | n/a | n/a |
| Grupa Azoty Spolka Akcyjna ATT.WA | Poland | $406M | -24% | -3% | -4% | n/a | n/a | n/a |
| Jiangsu Huifeng Bio Agriculture 002496.SZ | China | $409M | -15% | +40% | -31% | n/a | n/a | n/a |
| Zhejiang XinNong Chemical 002942.SZ | China | $370M | -29% | +13% | 9% | n/a | 10.7% | -1.4% |
| Epigral EPIGRAL.NS | India | $418M | -33% | +13% | 15% | 12.8× | n/a | n/a |
| Yingde Greatchem Chemicals 300804.SZ | China | $348M | -29% | -9% | 1% | n/a | n/a | n/a |
| Shaanxi Meibang Pharmaceutical 605033.SS | China | $347M | -26% | +15% | 7% | n/a | n/a | n/a |
| Sesoda 1708.TW | Taiwan | $335M | +11% | +4% | 18% | n/a | -7.6% | +8.8% |
| Hunan Haili Chemical Industry 600731.SS | China | $459M | -19% | -24% | 11% | n/a | -5.8% | -3.6% |
| Jiangsu Changqing Agrochemical 002391.SZ | China | $461M | -28% | -2% | 3% | 34.2× | n/a | n/a |
| Hailir Pesticides & Chemicals 603639.SS | China | $463M | -29% | -9% | 1% | 6.1× | n/a | n/a |
| BSM Chemical 300796.SZ | China | $326M | -33% | -5% | 1% | 26.1× | n/a | n/a |
| Shandong CYNDA Chemical (Group) 603086.SS | China | $322M | -32% | -4% | 1% | 7.2× | n/a | n/a |
| National Fertilizers NFL.NS | India | $321M | -21% | +23% | 3% | n/a | n/a | n/a |
| Cheerwin 6601.HK | Hong Kong | $321M | -23% | +25% | 10% | 8.2× | n/a | n/a |
| Jiangsu Lanfeng Biochemical 002513.SZ | China | $310M | -33% | +5% | -14% | n/a | n/a | n/a |
| Kumiai Chemical Industry 4996.T | Japan | $499M | -17% | +7% | 4% | 10.1× | -8.5% | +9.7% |