Rain Industries Limited, together with its subsidiaries, manufactures and sells carbon products, cement, electricity, and specialty chemicals worldwide.
Fair value with mediocre balance sheet.
Share Price & News
How has Rain Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 500339 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 500339 underperformed the Indian Chemicals industry which returned 27.2% over the past year.
Return vs Market: 500339 exceeded the Indian Market which returned 11.1% over the past year.
Price Volatility Vs. Market
How volatile is Rain Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StWhat Do Expectations Tell Us About Rain Industries Limited's (BOM:500339) Margins In The Years Ahead?
1 year ago | Simply Wall StTop Growth Stocks To Buy
1 year ago | Simply Wall StTop Growth Stocks To Buy
Is Rain Industries undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 500339 (₹103.65) is trading below our estimate of fair value (₹235.61)
Significantly Below Fair Value: 500339 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 500339 is poor value based on its PE Ratio (25.4x) compared to the Chemicals industry average (11.1x).
PE vs Market: 500339 is poor value based on its PE Ratio (25.4x) compared to the Indian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 500339's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 500339 is good value based on its PB Ratio (0.7x) compared to the IN Chemicals industry average (1.1x).
How is Rain Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Rain Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether Rain Industries is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Rain Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Rain Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 500339 has high quality earnings.
Growing Profit Margin: 500339's current net profit margins (1.1%) are lower than last year (7.5%).
Past Earnings Growth Analysis
Earnings Trend: 500339's earnings have grown significantly by 25.3% per year over the past 5 years.
Accelerating Growth: 500339's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 500339 had negative earnings growth (-86.6%) over the past year, making it difficult to compare to the Chemicals industry average (11.6%).
Return on Equity
High ROE: 500339's Return on Equity (4.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Rain Industries's financial position?
Financial Position Analysis
Short Term Liabilities: 500339's short term assets (₹46.4B) exceed its short term liabilities (₹20.7B).
Long Term Liabilities: 500339's short term assets (₹46.4B) do not cover its long term liabilities (₹82.9B).
Debt to Equity History and Analysis
Debt Level: 500339's debt to equity ratio (147.2%) is considered high.
Reducing Debt: 500339's debt to equity ratio has reduced from 238.6% to 147.2% over the past 5 years.
Debt Coverage: 500339's debt is well covered by operating cash flow (23.2%).
Interest Coverage: 500339's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Inventory Level: 500339 has a high level of physical assets or inventory.
Debt Coverage by Assets: 500339's debt is not covered by short term assets (assets are 0.6x debt).
What is Rain Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 500339's dividend (0.96%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: 500339's dividend (0.96%) is low compared to the top 25% of dividend payers in the Indian market (2.55%).
Stability and Growth of Payments
Stable Dividend: 500339's dividend payments have been volatile in the past 10 years.
Growing Dividend: 500339's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.5%), 500339's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
N. Reddy (77yo)
Mr. N. Radhakrishna Reddy serves as the Managing Director of Rain Industries Limited since March 31, 2019. Mr. Reddy has more than 44 years of experience in Construction and Cement Industry. He served as t ...
|MD & Director||0.9yrs||₹400.00k||3.09% ₹1.1b|
|Independent Chairman||0.9yrs||₹1.66m||no data|
|Vice Chairman||0.9yrs||₹16.84m||0.000030% ₹10.5k|
|Independent Director||5.3yrs||₹1.66m||no data|
|Non-Executive Director||27.9yrs||no data||2.98% ₹1.0b|
|Independent Director||2yrs||₹1.24m||no data|
|Independent Director||3.4yrs||₹1.72m||no data|
|Independent Director||1yrs||no data||no data|
Experienced Board: 500339's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Rain Industries Limited's company bio, employee growth, exchange listings and data sources
- Name: Rain Industries Limited
- Ticker: 500339
- Exchange: BSE
- Founded: 1974
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: ₹34.845b
- Shares outstanding: 336.35m
- Website: https://www.rain-industries.com
Number of Employees
- Rain Industries Limited
- Rain Center
- 34, Srinagar Colony
- Andhra Pradesh
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|500339||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Jul 1994|
|RAIN||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Jul 1994|
Rain Industries Limited, together with its subsidiaries, manufactures and sells carbon products, cement, electricity, and specialty chemicals worldwide. The company operates through three segments: Carbon, Advanced Materials, and Cement. It offers calcined petroleum coke, coal tar pitch, and green petroleum coke, as well as other derivatives of coal tar distillation, including carbon black oil, creosote oil, naphthalene, and other aromatic oils; naphthalene derivatives, including naphthalene, phthalic anhydride, polynaphthalene sulfonates, and modifiers; petrochemical intermediates, such as benzene, toluene, xylene, solvents, and fuel additives; carbon resins, hydrocarbon resins, pure resins, hydrogenated resins, and phenolics; and engineered products comprising binders and sealer coatings, as well as superplasticizers. The company also engages in the co-generation of energy through waste heat recovered in the calcining process. In addition, it produces and sells ordinary Portland and Portland pozzolana cement under the Priya Cement brand name. The company was formerly known as Rain Commodities Limited and changed its name to Rain Industries Limited in July 2013. Rain Industries Limited was incorporated in 1974 and is headquartered in Hyderabad, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 12:44|
|End of Day Share Price||2020/02/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.