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