Rain Industries Limited, together with its subsidiaries, manufactures and sells carbon products, cement, electricity, and specialty chemicals in India and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||₹232.05|
|52 Week High||₹94.00|
|52 Week Low||₹272.75|
|1 Month Change||10.03%|
|3 Month Change||20.36%|
|1 Year Change||122.27%|
|3 Year Change||40.34%|
|5 Year Change||360.42%|
|Change since IPO||463.09%|
Recent News & Updates
Rain Industries (NSE:RAIN) Takes On Some Risk With Its Use Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Investors Will Want Rain Industries' (NSE:RAIN) Growth In ROCE To Persist
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
|RAIN||IN Chemicals||IN Market|
Return vs Industry: RAIN exceeded the Indian Chemicals industry which returned 77.2% over the past year.
Return vs Market: RAIN exceeded the Indian Market which returned 67.5% over the past year.
Stable Share Price: RAIN is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: RAIN's weekly volatility (7%) has been stable over the past year.
About the Company
Rain Industries Limited, together with its subsidiaries, manufactures and sells carbon products, cement, electricity, and specialty chemicals in India and internationally. 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.
Rain Industries Fundamentals Summary
|RAIN fundamental statistics|
Is RAIN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RAIN income statement (TTM)|
|Cost of Revenue||₹58.16b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||25.77|
|Net Profit Margin||7.31%|
How did RAIN perform over the long term?See historical performance and comparison
0.4%Current Dividend Yield
Is Rain Industries undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RAIN (₹232.05) is trading above our estimate of fair value (₹33.59)
Significantly Below Fair Value: RAIN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RAIN is good value based on its PE Ratio (9x) compared to the Indian Chemicals industry average (19.2x).
PE vs Market: RAIN is good value based on its PE Ratio (9x) compared to the Indian market (20.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RAIN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RAIN is good value based on its PB Ratio (1.3x) compared to the IN Chemicals industry average (2.4x).
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.
How has Rain Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RAIN has a large one-off gain of ₹4.0B impacting its June 30 2021 financial results.
Growing Profit Margin: RAIN's current net profit margins (7.3%) are higher than last year (3%).
Past Earnings Growth Analysis
Earnings Trend: RAIN's earnings have grown by 6.7% per year over the past 5 years.
Accelerating Growth: RAIN's earnings growth over the past year (162.7%) exceeds its 5-year average (6.7% per year).
Earnings vs Industry: RAIN earnings growth over the past year (162.7%) exceeded the Chemicals industry 46.6%.
Return on Equity
High ROE: RAIN's Return on Equity (15%) is considered low.
How is Rain Industries's financial position?
Financial Position Analysis
Short Term Liabilities: RAIN's short term assets (₹56.2B) exceed its short term liabilities (₹27.1B).
Long Term Liabilities: RAIN's short term assets (₹56.2B) do not cover its long term liabilities (₹98.9B).
Debt to Equity History and Analysis
Debt Level: RAIN's debt to equity ratio (126.6%) is considered high.
Reducing Debt: RAIN's debt to equity ratio has reduced from 237.1% to 126.6% over the past 5 years.
Debt Coverage: RAIN's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: RAIN's interest payments on its debt are well covered by EBIT (3.1x coverage).
What is Rain Industries's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RAIN's dividend (0.43%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).
High Dividend: RAIN's dividend (0.43%) is low compared to the top 25% of dividend payers in the Indian market (1.45%).
Stability and Growth of Payments
Stable Dividend: RAIN's dividend payments have been volatile in the past 10 years.
Growing Dividend: RAIN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (3.9%), RAIN's dividend payments are thoroughly 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 (79 yo)
Mr. N. Radhakrishna Reddy serves as the Managing Director of Rain Industries Limited since March 31, 2019. He joined Rain Industries Limited on January 02, 1984. Mr. Reddy has experience in Construction an...
Experienced Board: RAIN's board of directors are considered experienced (4.3 years average tenure).
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 employee growth, exchange listings and data sources
- Name: Rain Industries Limited
- Ticker: RAIN
- Exchange: NSEI
- Founded: 1974
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: ₹77.965b
- Shares outstanding: 336.35m
- Website: https://www.rain-industries.com
Number of Employees
- Rain Industries Limited
- Rain Center
- 34, Srinagar Colony
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/27 15:33|
|End of Day Share Price||2021/09/27 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.