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Rain Industries

NSEI:RAIN
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RAIN
NSEI
₹33B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Rain Industries Limited, together with its subsidiaries, manufactures and sells carbon and chemical products worldwide. The last earnings update was 11 days ago. More info.


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  • Rain Industries has significant price volatility in the past 3 months.
RAIN Share Price and Events
7 Day Returns
-9.3%
NSEI:RAIN
-0.1%
IN Chemicals
-0.1%
IN Market
1 Year Returns
-58.7%
NSEI:RAIN
-4.4%
IN Chemicals
-3.7%
IN Market
RAIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Rain Industries (RAIN) -9.3% -20.2% 10.3% -58.7% 193.4% 104%
IN Chemicals -0.1% -5.5% 4% -4.4% 50.8% 150.5%
IN Market -0.1% -5% 4.7% -3.7% 34.5% 38.6%
1 Year Return vs Industry and Market
  • RAIN underperformed the Chemicals industry which returned -4.4% over the past year.
  • RAIN underperformed the Market in India which returned -3.7% over the past year.
Price Volatility
RAIN
Industry
5yr Volatility vs Market
Related Companies

RAIN Value

 Is Rain Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Rain Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Rain Industries.

NSEI:RAIN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 23%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:RAIN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.873 (1 + (1- 35%) (232.69%))
1.799
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.799 * 8.6%)
23.02%

Discounted Cash Flow Calculation for NSEI:RAIN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Rain Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:RAIN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 23.02%)
2019 4,172.76 Est @ 12.28% 3,391.84
2020 4,625.86 Est @ 10.86% 3,056.45
2021 5,082.24 Est @ 9.87% 2,729.56
2022 5,548.35 Est @ 9.17% 2,422.22
2023 6,030.21 Est @ 8.68% 2,139.90
2024 6,533.39 Est @ 8.34% 1,884.57
2025 7,063.00 Est @ 8.11% 1,656.06
2026 7,623.74 Est @ 7.94% 1,453.01
2027 8,220.11 Est @ 7.82% 1,273.47
2028 8,856.41 Est @ 7.74% 1,115.27
Present value of next 10 years cash flows ₹21,122.35
NSEI:RAIN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹8,856.41 × (1 + 7.55%) ÷ (23.02% – 7.55%)
₹61,557.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹61,557.79 ÷ (1 + 23.02%)10
₹7,751.88
NSEI:RAIN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹21,122.35 + ₹7,751.88
₹28,874.23
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹28,874.23 / 336.35
₹85.85
NSEI:RAIN Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹86.15
Current discount Discount to share price of ₹99.75
= -1 x (₹99.75 - ₹86.15) / ₹86.15
-15.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Rain Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Rain Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Rain Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:RAIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹11.88
BSE:500339 Share Price ** BSE (2019-05-17) in INR ₹99.4
India Chemicals Industry PE Ratio Median Figure of 233 Publicly-Listed Chemicals Companies 14.53x
India Market PE Ratio Median Figure of 2,758 Publicly-Listed Companies 15.12x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Rain Industries.

NSEI:RAIN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500339 Share Price ÷ EPS (both in INR)

= 99.4 ÷ 11.88

8.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rain Industries is good value based on earnings compared to the IN Chemicals industry average.
  • Rain Industries is good value based on earnings compared to the India market.
Price based on expected Growth
Does Rain Industries's expected growth come at a high price?
Raw Data
NSEI:RAIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
India Chemicals Industry PEG Ratio Median Figure of 53 Publicly-Listed Chemicals Companies 1.26x
India Market PEG Ratio Median Figure of 559 Publicly-Listed Companies 1.25x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Rain Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Rain Industries's assets?
Raw Data
NSEI:RAIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹137.44
BSE:500339 Share Price * BSE (2019-05-17) in INR ₹99.4
India Chemicals Industry PB Ratio Median Figure of 268 Publicly-Listed Chemicals Companies 1.37x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.02x
NSEI:RAIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500339 Share Price ÷ Book Value per Share (both in INR)

= 99.4 ÷ 137.44

0.72x

* Primary Listing of Rain Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Rain Industries is good value based on assets compared to the IN Chemicals industry average.
X
Value checks
We assess Rain Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Rain Industries has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RAIN Future Performance

 How is Rain Industries expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.2%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Rain Industries expected to grow at an attractive rate?
  • Unable to compare Rain Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Rain Industries's earnings growth to the India market average as no estimate data is available.
  • Rain Industries's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:RAIN Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:RAIN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 7.2%
India Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 17.7%
India Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 14.3%
India Market Earnings Growth Rate Market Cap Weighted Average 16.8%
India Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:RAIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:RAIN Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 157,900 1
2019-12-31 145,333 4,609 1
NSEI:RAIN Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 139,447 3,993
2018-12-31 140,550 17,144 5,816
2018-09-30 137,464 10,279
2018-06-30 133,050 10,988
2018-03-31 121,389 9,555
2017-12-31 113,032 8,681 7,636
2017-09-30 105,876 4,778
2017-06-30 97,712 3,590
2017-03-31 96,399 3,425
2016-12-31 92,582 15,667 2,909
2016-09-30 92,973 1,945
2016-06-30 97,491 1,741

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Rain Industries is high growth as no earnings estimate data is available.
  • Rain Industries's revenue is expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:RAIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Rain Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:RAIN Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31 13.70 13.70 13.70 1.00
NSEI:RAIN Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 11.88
2018-12-31 17.29
2018-09-30 30.56
2018-06-30 32.66
2018-03-31 28.41
2017-12-31 22.70
2017-09-30 14.20
2017-06-30 10.69
2017-03-31 10.18
2016-12-31 8.65
2016-09-30 5.78
2016-06-30 5.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Rain Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Rain Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Rain Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RAIN Past Performance

  How has Rain Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Rain Industries's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Rain Industries has delivered over 20% year on year earnings growth in the past 5 years.
  • Rain Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Rain Industries's 1-year earnings growth is negative, it can't be compared to the IN Chemicals industry average.
Earnings and Revenue History
Rain Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Rain Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:RAIN Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 139,447.03 3,992.77 13,793.44
2018-12-31 140,549.93 5,816.26 13,570.40
2018-09-30 137,464.19 10,279.44 12,883.62
2018-06-30 133,050.49 10,988.09 12,469.33
2018-03-31 121,389.23 9,555.35 11,054.61
2017-12-31 113,031.89 7,635.87 11,458.37
2017-09-30 105,876.13 4,777.81 10,584.70
2017-06-30 97,712.42 3,589.62 10,359.44
2017-03-31 96,398.88 3,424.93 18,171.38
2016-12-31 92,581.75 2,909.42 10,515.15
2016-09-30 92,973.43 1,945.21 10,199.76
2016-06-30 97,491.44 1,741.31 10,551.13
2016-03-31 98,412.66 1,627.57 10,301.21
2015-12-31 102,185.31 3,233.39 10,272.98
2015-09-30 106,138.67 1,311.70 22,855.86
2015-06-30 109,018.47 1,444.10 22,795.26
2015-03-31 113,816.27 1,227.90 22,847.76
2014-12-31 119,369.87 885.30 10,391.04
2014-09-30 122,654.27 3,354.66 22,184.21
2014-06-30 122,717.37 3,073.56 21,822.81
2014-03-31 120,885.47 3,230.16 21,150.21
2013-12-31 117,443.37 3,845.26 20,428.20
2013-09-30 99,020.89 3,435.59 15,209.43
2013-06-30 81,612.99 3,486.79 12,395.03
2013-03-31 66,452.99 3,846.19 9,916.03
2012-12-31 53,614.49 4,577.49 7,322.35
2012-09-30 56,829.17 6,316.75 6,998.12
2012-06-30 57,422.97 6,575.85 6,576.22

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Rain Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Rain Industries used its assets less efficiently than the IN Chemicals industry average last year based on Return on Assets.
  • Rain Industries has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Rain Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Rain Industries has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RAIN Health

 How is Rain Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Rain Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Rain Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Rain Industries's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Rain Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Rain Industries Company Filings, last reported 1 month ago.

NSEI:RAIN Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 47,660.66 77,794.93 8,186.46
2018-12-31 47,660.66 77,794.93 8,186.46
2018-09-30 47,134.11 79,099.03 7,208.12
2018-06-30 47,134.11 79,099.03 7,208.12
2018-03-31 40,454.27 40,587.97 9,510.61
2017-12-31 40,454.27 73,323.02 8,968.25
2017-09-30 34,869.16 69,574.87 8,877.38
2017-06-30 34,869.16 69,574.87 8,877.38
2017-03-31 30,859.08 74,493.10 10,490.81
2016-12-31 32,353.12 73,261.78 10,168.66
2016-09-30 31,918.27 76,243.88 8,210.69
2016-06-30 31,918.27 76,243.88 8,210.69
2016-03-31 29,399.18 75,956.91 8,740.23
2015-12-31 29,399.18 75,956.91 8,740.23
2015-09-30 29,518.60 72,072.10 7,286.10
2015-06-30 29,518.60 72,072.10 7,286.10
2015-03-31 29,674.12 76,726.00 9,190.53
2014-12-31 29,674.12 76,725.99 9,190.52
2014-09-30 33,368.20 80,543.60 12,921.50
2014-06-30 33,368.20 80,543.60 12,921.50
2014-03-31 32,649.25 82,905.43 8,511.89
2013-12-31 32,649.25 82,905.43 8,511.89
2013-09-30 29,359.90 77,411.40 7,571.60
2013-06-30 29,359.90 77,411.40 7,571.60
2013-03-31 25,637.19 69,268.48 46,657.10
2012-12-31 25,637.19 69,268.48 46,657.10
2012-09-30 25,509.10 35,440.30 12,456.90
2012-06-30 25,509.10 35,440.30 12,456.90
  • Rain Industries's level of debt (163.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (253.8% vs 163.2% today).
  • Debt is well covered by operating cash flow (22%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Rain Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Rain Industries has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RAIN Dividends

 What is Rain Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Rain Industries dividends.
If you bought ₹2,000 of Rain Industries shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Rain Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Rain Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:RAIN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 162 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1398 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:RAIN Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
NSEI:RAIN Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-08 0.000 0.000
2019-04-09 0.000 0.000
2019-02-27 0.000 0.000
2018-11-14 2.000 1.646
2018-02-28 2.000 0.896
2017-11-08 2.000 0.532
2017-08-11 2.000 1.147
2017-05-11 1.000 0.898
2017-02-23 1.000 0.965
2016-11-11 1.000 1.716
2016-08-16 1.000 2.062
2016-04-01 1.000 2.906
2016-02-19 1.000 3.328
2015-11-10 1.000 2.768
2015-08-14 1.000 2.631
2015-02-27 1.000 2.633
2014-11-07 1.000 2.349
2014-04-07 1.000 2.311
2014-02-26 1.000 2.818
2013-11-14 1.000 2.773
2013-02-25 1.100 2.864
2012-04-25 1.100 2.972
2011-02-25 0.920 2.838
2010-04-26 0.740 2.319
2009-12-31 0.740 1.773
2009-06-18 0.740 2.206

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Rain Industries has not reported any payouts.
  • Unable to verify if Rain Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Rain Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Rain Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Rain Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Rain Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Rain Industries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RAIN Management

 What is the CEO of Rain Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
N. Reddy
COMPENSATION ₹400,000
AGE 76
TENURE AS CEO 0.2 years
CEO Bio

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 the Chairman of Rain Industries Limited until March 31, 2019. He has been a Non-Executive Director of Rain Industries Limited since 1984. He serves as a Director of Rain Cements Limited, Renuka Cement Limited, Rain Coke Limited, PCL Financial Services Limited, Arunachala Holdings Private Limited, PR Cement Holdings Limited, Apeetha Enterprises Private Limited, Lakshmi Sea Foods Limited, Rain Entertainments Private Limited and Pragnya Priya Foundation. He served as an Executive Director of Rain Industries Limited.

CEO Compensation
  • N.'s compensation has been consistent with company performance over the past year.
  • N.'s remuneration is lower than average for companies of similar size in India.
Management Team

N. Reddy

TITLE
MD & Executive Director
COMPENSATION
₹400K
AGE
76
TENURE
0.2 yrs

T. Rao

TITLE
CFO & Chief Risk Officer
COMPENSATION
₹14M
AGE
51
TENURE
7.1 yrs

S. Venkat Reddy

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹4M
AGE
45

U. Saranga Pani

TITLE
Assistant General Manager of Corporate Finance
AGE
34

V. Srikanth

TITLE
Deputy General Manager of Legal
AGE
53

M. Krishnamohan Reddy

TITLE
General Manager of Human Resources
AGE
56

Balasubramanian Ramaswamy

TITLE
Chief Internal Auditor
AGE
50

Rajan Passi

TITLE
Head of Logistics (SSO)
AGE
54
Board of Directors Tenure

Average tenure and age of the Rain Industries board of directors in years:

2
Average Tenure
58.5
Average Age
  • The average tenure for the Rain Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Hira Zutshi

TITLE
Chairman
COMPENSATION
₹2M
AGE
76
TENURE
0.2 yrs

N. Reddy

TITLE
MD & Executive Director
COMPENSATION
₹400K
AGE
76
TENURE
35.3 yrs

Jagan Reddy Nellore

TITLE
Vice Chairman
COMPENSATION
₹17M
AGE
51
TENURE
0.2 yrs

Radhika Haribhakti

TITLE
Independent Director
COMPENSATION
₹2M
AGE
61
TENURE
4.5 yrs

Sujith Reddy Nellore

TITLE
Non-Executive Director
AGE
47
TENURE
27.2 yrs

Varun Batra

TITLE
Independent Director
AGE
52
TENURE
1.3 yrs

Nirmala Reddy

TITLE
Independent Director
COMPENSATION
₹2M
AGE
71
TENURE
2.7 yrs

Brian McNamara

TITLE
Additional Independent Director
AGE
56
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Rain Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Rain Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RAIN News

Simply Wall St News

Why Rain Industries Limited’s (NSE:RAIN) Return On Capital Employed Looks Uninspiring

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Rain Industries: 0.087 = ₹11b ÷ (₹157b - ₹26b) (Based on the trailing twelve months to March 2019.) Therefore, Rain Industries has an ROCE of 8.7%. … Do Rain Industries's Current Liabilities Skew Its ROCE? … What We Can Learn From Rain Industries's ROCE That's not a bad thing, however Rain Industries has a weak ROCE and may not be an attractive investment.

Simply Wall St -

Before You Buy Rain Industries Limited (NSE:RAIN), Consider Its Volatility

If you're interested in Rain Industries Limited (NSE:RAIN), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Why Rain Industries Limited (NSE:RAIN) Could Be Worth Watching

led the NSEI gainers with a relatively large price hike in the past couple of weeks. … Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … Today I will analyse the most recent data on Rain Industries’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Do Directors Own Rain Industries Limited (NSE:RAIN) Shares?

Every investor in Rain Industries Limited (NSE:RAIN) should be aware of the most powerful shareholder groups. … Rain Industries is a smaller company with a market capitalization of ₹35b, so it may still be flying under the radar of many institutional investors. … We can zoom in on the different ownership groups, to learn more about RAIN

Simply Wall St -

Does Rain Industries Limited (NSE:RAIN) Have A Good P/E Ratio?

Rain Industries has a price to earnings ratio of 5.95, based on the last twelve months. … How Do I Calculate Rain Industries's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Can You Imagine How Chuffed Rain Industries's Shareholders Feel About Its 229% Share Price Gain?

Rain Industries Limited (NSE:RAIN) shareholders might understandably be very concerned that the share price has dropped 37% in the last quarter. … It's not uncommon to see a share price retrace a bit, after a big gain. … While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance.

Simply Wall St -

Is Rain Industries Limited’s (NSE:RAIN) Return On Capital Employed Any Good?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Should You Be Concerned About Rain Industries Limited's (NSE:RAIN) Historical Volatility?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

What To Know Before Buying Rain Industries Limited (NSE:RAIN) For Its Dividend

Historically, Rain Industries Limited (NSE:RAIN) has paid a dividend to shareholders. … Does Rain Industries tick all the boxes of a great dividend stock? … 5 checks you should use to assess a dividend stock

Simply Wall St -

Why Rain Industries Limited (NSE:RAIN) Could Be Your Next Investment

Rain Industries Limited (NSE:RAIN) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of RAIN, it

Simply Wall St -

RAIN Company Info

Description

Rain Industries Limited, together with its subsidiaries, manufactures and sells carbon and chemical products worldwide. The company operates through Carbon, Chemicals, and Cement segments. It offers calcined petroleum coke, coal tar pitch, and green petroleum coke; and other derivatives of coal tar distillation, including creosote oil, naphthalene, phthalic anhydride, CARBORES, and others. The company also engages in the co-generation of energy through waste heat recovered in the calcining process; and downstream processing of coal tar distillation products, including naphthalene, benzene, carbolic oil, etc., as well as resins and modifiers, aromatic chemicals, superplasticizers, and other specialty products that are used in various end-markets, including paints, coatings, construction, plastics, paper, tires, rail ties, insulation, and foam. In addition, it produces and sells 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.

Details
Name: Rain Industries Limited
RAIN
Exchange: NSEI
Founded: 1974
₹33,432,760,492
336,345,679
Website: http://www.rain-industries.com
Address: Rain Industries Limited
Rain Center,
34, Srinagar Colony,
Hyderabad,
Andhra Pradesh, 500073,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500339 Equity Shares Mumbai Stock Exchange IN INR 05. Jul 1994
NSEI RAIN Equity Shares National Stock Exchange of India IN INR 05. Jul 1994
Number of employees
Current staff
Staff numbers
2,600
Rain Industries employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 12:55
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.