250% Dividend: Tata Chemicals Subsidiary Sets June 3 As Record Date, Shares Rise 3.01%

Rallis India, a subsidiary of Tata Chemicals, today fixed June 3, 2024 as the record date for Rs 2.50 per equity share dividend of Re 1 each. Current market price of Rallis India Ltd share on BSE is Rs 277.35 per share with intraday gain of 0.29%. Rallis India share zoomed 3.01% in last 1-week and 47% in last 1-year. The company will hold its 76th Annual General Meeting ('AGM') of the Company on Thursday, June 20, 2024, through Video Conferencing/Other Audio-Visual Means. More details below:

Rallis India Q4: Earlier this year on April 22, 2024, Rallies announced a net loss of Rs 21 crore for Q4 ended March 31, 2024 as compared to the net loss of Rs 69 crore in the similar quarter of last year, as per the company's BSE filing. Rallis India announced a fall of 16.6% in its revenue from operations to Rs 436 crore as against Rs 523 crore in the corresponding quarter of last year. For the whole year Rallies declared its net profit soared 60.87% to Rs 148.00 crore for the year ended March 2024 as against Rs 92.00 crore declared last year ended March 2023. Sales slipped 10.75% to Rs 2648.00 crore for the year ended March 2024 as against Rs 2967 crore declared during the last year ended March 2023.

Rallis India Dividend: According to the exchange filing issued on April 22, 2024, "Pursuant to Regulation 30 read with Schedule III Part A Para A of the SEBI Listing Regulations, the Board has recommended a dividend of Rs. 2.50 per share i.e. 250 % for the Financial Year 2023-24 subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company."

Rallis India Share Performance & Return: 52-week high price of Rallis India share on BSE is quoted Rs 294.25 apiece (as on 07/03/2024) and 52-week low price is Rs 186.50 apiece (as on 22/05/2023), respectively. Its market capitalisation is Rs 5,393.59 crore. It has a PE of 36.45 and EPS (TTM) is 7.61. Rallis India share soared 13% in 3-months, zoomed 29% in last 6-months, and offered return of 38% in last 2-years. Rallis India shares plunged 10% in last 2-years and gained 95% in last 5-years.

About: Rallis, a TATA Enterprise is a subsidiary of Tata Chemicals, with its business presence in the Farm Essentials vertical. It is one of India's leading crop care companies. The company's 2,300 distributors reach more than 40,000 retail counters across the country covering more than 80% of India's districts. Rallis is known for its deep understanding of Indian agriculture, sustained contact with farmers, quality agrochemicals, branding and marketing expertise, and its strong product portfolio of comprehensive crop care solutions. Rallis is closely connected to around 1 Million farmers through the Rallis Kisan Kutumb program. It is estimated that around 5 Million+ farmers benefit from the agriculture solutions provided by Rallis, according to its LinkedIn page.

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