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

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

<div class="paragraphs"><p>A farm worker sprays cotton plants with pesticides on the farm of Jarnail Singh in Jajjal village, Punjab, India. (Photographer: Prashanth Vishwanathan/Bloomberg).</p></div>
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.

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Anand Rathi Rallis India Initiating Coverage.pdf

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