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RAIN

Rain IndustriesNSEI:RAIN Stock Report

Market Cap

₹78.0b

7D

2.7%

1Y

122.3%

Updated

27 Sep, 2021

Data

Company Financials
RAIN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends3/6

RAIN Overview

Rain Industries Limited, together with its subsidiaries, manufactures and sells carbon products, cement, electricity, and specialty chemicals in India and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Rain Industries
Historical stock prices
Current Share Price₹232.05
52 Week High₹94.00
52 Week Low₹272.75
Beta1.13
1 Month Change10.03%
3 Month Change20.36%
1 Year Change122.27%
3 Year Change40.34%
5 Year Change360.42%
Change since IPO463.09%

Recent News & Updates

Sep 02
Rain Industries (NSE:RAIN) Takes On Some Risk With Its Use Of Debt

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...

Aug 16
Investors Will Want Rain Industries' (NSE:RAIN) Growth In ROCE To Persist

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...

Shareholder Returns

RAININ ChemicalsIN Market
7D2.7%1.3%0.8%
1Y122.3%77.2%67.5%

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.

Price Volatility

Is RAIN's price volatile compared to industry and market?
RAIN volatility
RAIN Beta1.13
Industry Beta0.64
Market Beta1

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

FoundedEmployeesCEOWebsite
19742,700N. Reddyhttps://www.rain-industries.com

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

How do Rain Industries's earnings and revenue compare to its market cap?
RAIN fundamental statistics
Market Cap₹77.96b
Earnings (TTM)₹8.67b
Revenue (TTM)₹118.58b

9.0x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RAIN income statement (TTM)
Revenue₹118.58b
Cost of Revenue₹58.16b
Gross Profit₹60.42b
Expenses₹51.75b
Earnings₹8.67b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)25.77
Gross Margin50.95%
Net Profit Margin7.31%
Debt/Equity Ratio126.6%

How did RAIN perform over the long term?

See historical performance and comparison

Dividends

0.4%

Current Dividend Yield

4%

Payout Ratio

Valuation

Is Rain Industries undervalued compared to its fair value and its price relative to the market?

9x

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).


Future Growth

How is Rain Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.6%

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.


Past Performance

How has Rain Industries performed over the past 5 years?

6.7%

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.


Financial Health

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).


Balance Sheet


Dividend

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

0.43%

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average board tenure


CEO

N. Reddy (79 yo)

2.5yrs

Tenure

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...


Board Members

Experienced Board: RAIN's board of directors are considered experienced (4.3 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Rain Industries Limited's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Rain Industries Limited
  • Rain Center
  • 34, Srinagar Colony
  • Hyderabad
  • 500073
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 15:33
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.