Rallis India finishes Q4 FY24 on a weak note

April 24, 2024 / 09:55 AM IST

Rallis is also aiming to venture into the contract manufacturing (CRAMS) business and is expanding its research capabilities on that front

PRO Only Highlights

-  Quarterly performance largely backed by improved realisations

-  Medium-term triggers China plus and protectionist measures for tyre industry

-  Valuations not inexpensive; but improved medium-term outlook

Highlights

• Domestic market demand sluggish
• Input price decline weighed on realisations
• Demand in the international market remains muted
• Optimistic on upcoming kharif season led by predictions of La Nina
• FY25 will see enhanced focus on research and development
• Trading at 24x FY26e P/E

The March quarter is seasonally a bit lacklustre for the agri industry. Keeping with that trend, Rallis India, a subsidiary of Tata Chemicals (CMP: Rs 271; Market cap: Rs 5,268 crore; Rating: Equal weight), ended Q4 on a weak note.

• PRO Panorama

  Moneycontrol Pro Panorama | Growing bread and butter

  May 3, 2024 / 02:36 PM IST

  In this edition of Moneycontrol Pro Panorama: Dabur records better sales in rural areas, some SFBs can look to a more universal ro...

  Read Now

• PRO Weekender

  Moneycontrol Pro Weekender | The growth-rate cut switcheroo

  May 4, 2024 / 10:00 AM IST

  Will the benefits of stronger-than-expected growth outweigh the disappointment on rate cuts?

  Read Now

What Do You Get

• Ad free Experience

  Seamless navigation, faster responses.

• Expert Perspective

  Explore 230+ exclusive editorials every month

• +

  Uncover Insights from World-Renowned Experts and Journalists

• Actionable Insights

  40+ weekly investment ideas + 3 to 4 daily technical calls

• Virtual Events

  Exclusive Live Webinars for Expert Trading & Investment Strategies!

• Newsletters

  Stay ahead with daily and weekly insights

Unlock exclusive discounts