Rain Industries Ltd

Rain Industries Ltd

₹ 177 1.14%
24 Apr 11:39 a.m.
About

Rain Industries Limited (RAIN) is a leading vertically integrated producer of carbon, cement and Advanced materials products. Headquartered in India, RAIN has manufacturing facilities in eight countries across three continents. [1]

Key Points

About
Rain is into transforming by-products of oil and steel industries into high-value carbon-based materials essential to numerous manufacturing applications and end products. The company is making a strategical shift from low-margin products to favourable product mix.[1]

  • Market Cap 5,969 Cr.
  • Current Price 177
  • High / Low 220 / 140
  • Stock P/E 113
  • Book Value 27.4
  • Dividend Yield 0.57 %
  • ROCE 6.84 %
  • ROE 5.81 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 97.5%
  • Debtor days have improved from 81.8 to 48.8 days.
  • Company's working capital requirements have reduced from 326 days to 56.6 days

Cons

  • Stock is trading at 6.54 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 4.10% over last 3 years.
  • Earnings include an other income of Rs.79.2 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
14.67 12.32 9.26 8.65 23.31 12.89 11.62 10.49 19.08 15.36 26.49 47.52 34.78
14.77 12.54 10.32 8.80 24.21 14.33 14.69 13.93 20.36 14.63 27.18 48.68 36.58
Operating Profit -0.10 -0.22 -1.06 -0.15 -0.90 -1.44 -3.07 -3.44 -1.28 0.73 -0.69 -1.16 -1.80
OPM % -0.68% -1.79% -11.45% -1.73% -3.86% -11.17% -26.42% -32.79% -6.71% 4.75% -2.60% -2.44% -5.18%
39.43 2.15 2.04 3.23 42.72 1.72 1.52 42.79 4.27 2.29 44.68 29.89 2.34
Interest 2.20 2.00 1.88 2.76 1.46 1.59 1.46 2.08 2.88 3.01 3.54 4.73 4.68
Depreciation 0.17 0.16 0.15 0.16 0.15 0.17 0.17 0.17 0.17 0.16 0.13 0.13 0.17
Profit before tax 36.96 -0.23 -1.05 0.16 40.21 -1.48 -3.18 37.10 -0.06 -0.15 40.32 23.87 -4.31
Tax % 21.32% 8.70% 0.00% 0.00% 19.75% -5.41% -0.63% 12.56% 200.00% -553.33% 12.65% 2.09% -5.57%
29.09 -0.22 -1.05 0.16 32.28 -1.56 -3.20 32.44 0.06 -0.99 35.22 23.38 -4.55
EPS in Rs 0.86 -0.01 -0.03 0.00 0.96 -0.05 -0.10 0.96 0.00 -0.03 1.05 0.70 -0.14
Raw PDF
Upcoming result date: 9 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
69 71 8 86 45 60 105 64 48 54 54 124
75 75 12 91 48 62 112 67 50 56 63 127
Operating Profit -6 -4 -4 -4 -3 -3 -6 -3 -3 -2 -9 -3
OPM % -9% -6% -58% -5% -7% -4% -6% -5% -5% -4% -17% -2%
94 58 61 56 68 59 104 61 50 50 50 79
Interest 24 26 22 24 29 18 20 19 12 8 8 16
Depreciation 0 0 1 2 2 1 1 1 1 1 1 1
Profit before tax 64 28 34 27 35 39 77 39 35 39 32 60
Tax % 12% 45% 28% 2% 6% 17% 22% 8% 21% 20% 14% 11%
56 15 25 26 33 32 60 35 27 31 28 53
EPS in Rs 1.65 0.45 0.73 0.78 0.98 0.95 1.80 1.05 0.81 0.93 0.83 1.58
Dividend Payout % 67% 220% 137% 129% 102% 210% 56% 95% 123% 108% 121% 63%
Compounded Sales Growth
10 Years: 6%
5 Years: 3%
3 Years: 38%
TTM: 130%
Compounded Profit Growth
10 Years: 13%
5 Years: -3%
3 Years: 25%
TTM: 91%
Stock Price CAGR
10 Years: 16%
5 Years: 8%
3 Years: 0%
1 Year: 11%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 4%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Equity Capital 68 67 67 67 67 67 67 67 67 67 67 67
Reserves 298 261 252 245 857 855 849 850 844 842 836 855
362 228 279 329 473 318 348 338 277 202 166 220
53 16 16 8 15 11 45 20 11 22 15 18
Total Liabilities 781 572 614 649 1,413 1,251 1,308 1,276 1,200 1,133 1,083 1,160
11 11 10 9 8 7 8 7 7 7 7 8
CWIP 0 0 0 0 0 0 0 0 0 0 0 0
Investments 304 304 304 305 917 917 917 917 917 917 949 999
467 258 300 335 488 327 383 352 276 208 127 154
Total Assets 781 572 614 649 1,413 1,251 1,308 1,276 1,200 1,133 1,083 1,160

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
56 15 -11 -16 -2 -15 -19 13 -2 -13 -2 -13
125 192 -5 7 -84 191 104 74 120 128 95 -3
-158 -269 -5 -6 83 -179 -86 -69 -117 -117 -96 5
Net Cash Flow 23 -61 -21 -16 -3 -3 -1 18 1 -2 -4 -11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Debtor Days 182 30 62 2 11 9 113 29 36 119 77 49
Inventory Days 0 0 0 0 0 0 0 0 0 0 0
Days Payable
Cash Conversion Cycle 182 30 62 2 11 9 113 29 36 119 77 49
Working Capital Days -227 157 384 -162 -337 -246 -18 -81 -39 352 570 57
ROCE % 11% 8% 10% 8% 6% 4% 8% 5% 4% 4% 4% 7%

Shareholding Pattern

Numbers in percentages

16 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14%
10.61% 12.26% 14.08% 14.36% 15.70% 17.19% 17.74% 17.82% 17.08% 16.32% 12.09% 8.76%
0.09% 0.28% 0.30% 1.35% 1.64% 2.27% 1.76% 2.30% 0.23% 0.26% 0.34% 1.77%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34%
48.16% 46.32% 44.48% 43.15% 41.52% 39.39% 39.01% 38.40% 41.20% 41.96% 46.08% 47.98%
No. of Shareholders 1,82,2661,87,3221,87,0581,94,2552,04,1802,03,7571,95,0401,92,3372,07,7952,14,3112,30,6042,53,947

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls