Moneycontrol PRO
HomeNewsBusinessStocksHold Rallis India; target of Rs 250: ICICI Direct

Hold Rallis India; target of Rs 250: ICICI Direct

ICICI Direct recommended hold rating on Rallis India with a target price of Rs 250 in its research report dated October 21, 2022.

October 24, 2022 / 12:45 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    ICICI Direct's research report on Rallis India

    Rallis India is a leading agrochemical company with a presence across agri input value chain and a strong, healthy pipeline of sustainable products. The company has a diversified portfolio, supported by a strong channel network of more than 6,700 dealers and 79,000 retailers • In terms of revenue contribution, domestic crop care constitutes 54% of overall revenue followed by international crop care of 30% and the rest from the seeds business.

    Outlook

    We maintain HOLD with a neutral stance as we await progress on the margin front and capex. We value Rallis India at 20x FY24E EPS of Rs 12.4 to arrive at a revised target price of Rs 250 per share (earlier Rs 200 per share).

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Rallis India - 221022 - icici

    Broker Research
    first published: Oct 24, 2022 12:45 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347