15% @ 90 Days Stock

1. BUY TO SELL STOCKS FOR SHORT TERM GAINS
17th APRIL 2016
RALLIS INDIA BUY POTENTIAL UPSIDE: 16.9%
CURRENT MARKET PRICE: 189.85 TARGET PRICE: 222.00
BSE Code 500355 Market Cap (Crores) 3683.24
NSE Code RALLIS P/E 27.88
Book Value 47.50 EPS 6.79
Face Value 1 Dividend Yield % 1.32
STOCK RECOMMENDATION

2. 15% @ 90 DAYS – APRIL 2016
- 2 - SARAL GYAN CAPITAL SERVICES
Comparative Chart (Last 1 Year)
Returns: Rallis India & Nifty:
Nifty: -0.1% Rallis India: -18.3%
Stock Resistance and Support:
1st Resistance – 200 1st Support – 180
2nd Resistance – 214 2nd Support – 165

3. 15% @ 90 DAYS – APRIL 2016
- 3 - SARAL GYAN CAPITAL SERVICES
Financials at a Glance:
Consolidated Quarterly Results of Rallis India (Rs. In Crores)
Particulars Dec 2015 Sec 2015 Jun 2015 Mar 2014
Audited / UnAudited UnAudited UnAudited UnAudited UnAudited
Net Sales / Income 306.23 499.7 463.63 314.84
Other Operating Income 4.08 2 4.68 7.05
Total Income From Operations 310.31 501.7 468.31 321.89
Consumption of Raw Materials 156.9 244.8 251.79 130.81
Purchase of Traded Goods 24.48 47.74 24.82 12.76
Increase/Decrease in Stocks -22.8 -26.12 -56.26 24.69
Employees Cost 32.11 34.49 32.13 31.33
Depreciation 13.98 13 11.72 13.21
Admin. And Selling Expenses -- -- -- --
R & D Expenses -- -- -- --
Provisions And Contingencies -- -- -- --
Exp. Capitalised -- -- -- --
Other Expenses 84.45 104.16 159.35 77.9
Other Income 0.8 2.81 1.3 0.91
P/L Before Int., Excpt. Items & Tax 21.99 86.44 46.06 32.1
Interest 3.63 2.85 4.09 2.54
P/L Before Exceptional Items & Tax 18.36 83.59 41.97 29.56
Exceptional Items -- -- -- --
P/L Before Tax 18.36 83.59 41.97 29.56
Tax -0.4 27.79 1.87 8.31
Net Profit / Loss 18.76 55.8 40.1 21.25
Minority Interest 1.65 1.48 -7.01 0.07
Net P/L After M.I & Associates 20.41 57.28 33.09 21.32
Equity Share Capital 19.45 19.45 19.45 19.45
Reserves -- -- -- --
EPS 1.05 2.94 1.7 1.1
No Of Shares with Public (Crores) 9.71 9.71 9.71 9.71
Public Share Holding (%) 49.91 49.91 49.91 49.91

4. 15% @ 90 DAYS – APRIL 2016
- 4 - SARAL GYAN CAPITAL SERVICES
Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
© SARAL GYAN CAPITAL SERVICES
This Service is provided on an "As Is" basis by Saral Gyan Capital Services. Saral Gyan Capital
Services and its affiliates disclaim any warranty of any kind, imputed by the laws of any jurisdiction,
whether express or implied, as to any matter whatsoever relating to the Service, including without
limitation the implied warranties of merchantability, fitness for a particular purpose. Neither Saral
Gyan Capital Services nor its affiliates will be responsible for any loss or liability incurred to the
user as a consequence of his or any other person on his behalf taking any investment decisions
based on the above recommendation. Use of the Service is at any persons, including a Customer's,
own risk. The investments discussed or recommended through this service may not be suitable for
all investors. Investors must make their own investment decisions based on their specific
investment objectives and financial position and using such independent advisors as they believe
necessary. Information herein is believed to be reliable but Saral Gyan Capital Services and its
affiliates do not warrant its completeness or accuracy. The service should not be construed to be
an advertisement for solicitation for buying or selling of any securities.