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This Article is From Dec 30, 2021

Rallis India - Capacity, Product-Expansion Driven Growth: Anand Rathi Initiates Coverage

Rallis India - Capacity, Product-Expansion Driven Growth: Anand Rathi Initiates Coverage
A farm worker sprays cotton plants with pesticides on the farm of Jarnail Singh in Jajjal village, Punjab, India. (Photographer: Prashanth Vishwanathan/Bloomberg).

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Considering its capex plans, focus on product launches, gaining export market-share, rising free cash flows, expanding return ratios and strong balance sheet, Rallis India Ltd.'s long-term performance leaves us upbeat.

We expect Rallis India's revenue/profit to clock 12%/22% compound annual growth rate over FY22-24.

Key short-term monitorables are the increasing use of illegal cotton seed, rising input costs and softer demand for contract manufacturing.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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