Rain Industries Ltd

Rain Industries Ltd

₹ 109 1.03%
20 Mar - close price
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

Business Profile
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. [1]

  • Market Cap 3,663 Cr.
  • Current Price 109
  • High / Low 176 / 99.8
  • Stock P/E 86.2
  • Book Value 221
  • Dividend Yield 0.92 %
  • ROCE 8.26 %
  • ROE 0.60 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.49 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 10.1% over past five years.
  • Company has a low return on equity of -6.68% over last 3 years.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
5,457 5,253 4,627 4,160 4,101 3,670 4,094 3,934 3,676 3,768 4,401 4,476 4,301
4,830 4,720 3,982 3,794 4,712 3,328 3,725 3,718 3,330 3,388 3,772 3,849 3,800
Operating Profit 627 534 645 366 -612 342 369 216 346 380 629 627 501
OPM % 11% 10% 14% 9% -15% 9% 9% 6% 9% 10% 14% 14% 12%
47 25 33 49 73 54 59 99 37 25 28 37 51
Interest 150 163 169 242 245 235 245 234 227 224 228 237 232
Depreciation 188 193 196 193 195 195 186 189 237 207 225 236 254
Profit before tax 335 203 313 -20 -979 -34 -2 -108 -82 -26 204 191 66
Tax % 62% 30% 34% 237% 10% 244% 1,912% 44% 63% 344% 59% 32% 43%
126 142 207 -66 -1,079 -116 -45 -155 -134 -115 83 130 38
EPS in Rs 2.66 3.13 4.92 -2.68 -33.26 -4.34 -2.32 -5.33 -4.80 -4.09 1.80 3.15 0.40
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
11,921 10,205 9,258 11,303 14,049 12,361 10,465 14,527 21,011 18,141 15,374 16,946
10,716 8,854 7,727 9,030 12,083 10,880 8,787 12,166 17,474 17,208 14,100 14,809
Operating Profit 1,205 1,351 1,531 2,273 1,966 1,481 1,677 2,360 3,537 933 1,274 2,137
OPM % 10% 13% 17% 20% 14% 12% 16% 16% 17% 5% 8% 13%
-180 72 99 -68 42 156 456 193 105 180 248 141
Interest 620 596 631 595 457 452 491 479 524 819 941 922
Depreciation 347 328 519 526 555 594 792 798 790 776 807 922
Profit before tax 58 498 480 1,084 996 591 851 1,276 2,327 -482 -226 435
Tax % -21% 39% 37% 27% 37% 22% 31% 46% 32% 65% 99% 69%
70 302 301 792 631 462 588 694 1,577 -796 -450 136
EPS in Rs 2.63 9.61 8.65 22.70 17.29 11.64 16.60 17.25 42.77 -27.89 -16.78 1.26
Dividend Payout % 38% 10% 12% 9% 6% 9% 6% 6% 2% -4% -6% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: 10%
3 Years: -7%
TTM: 10%
Compounded Profit Growth
10 Years: -18%
5 Years: -40%
3 Years: -69%
TTM: 108%
Stock Price CAGR
10 Years: 14%
5 Years: -6%
3 Years: -11%
1 Year: -20%
Return on Equity
10 Years: 6%
5 Years: 2%
3 Years: -7%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Equity Capital 67 67 67 67 67 67 67 67 67 67 67 67
Reserves 2,879 2,870 3,098 3,877 4,555 4,893 5,466 6,042 8,360 7,275 6,570 7,382
7,673 7,596 7,326 7,332 7,779 7,845 8,859 8,489 9,731 8,690 8,494 9,824
2,734 2,511 2,354 3,100 3,297 3,193 3,471 3,864 3,787 3,954 3,803 3,487
Total Liabilities 13,352 13,044 12,845 14,376 15,699 15,998 17,863 18,463 21,945 19,987 18,935 20,760
8,712 8,540 8,923 8,690 9,261 9,492 11,124 10,939 11,977 11,357 11,184 12,543
CWIP 269 411 226 441 795 1,362 931 791 467 432 473 336
Investments 26 19 32 35 13 39 15 13 14 17 26 29
4,345 4,074 3,664 5,211 5,631 5,105 5,793 6,719 9,487 8,181 7,252 7,852
Total Assets 13,352 13,044 12,845 14,376 15,699 15,998 17,863 18,463 21,945 19,987 18,935 20,760

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
1,291 1,238 1,567 868 1,706 2,240 1,823 834 1,036 3,063 1,943 897
-382 -531 -504 -539 -1,038 -1,265 -798 -510 -576 -711 -257 -395
-883 -795 -887 -520 -619 -653 -600 -740 -396 -2,115 -1,771 -1,025
Net Cash Flow 26 -88 176 -192 49 322 425 -417 65 237 -84 -523

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Debtor Days 42 43 41 54 42 33 38 43 43 44 41 44
Inventory Days 81 112 105 134 112 95 118 124 146 104 126 137
Days Payable 53 71 63 77 63 43 62 69 50 44 63 47
Cash Conversion Cycle 70 84 83 111 90 84 95 98 139 104 104 134
Working Capital Days 32 35 29 -49 46 29 21 54 64 53 27 45
ROCE % 8% 10% 11% 17% 12% 8% 10% 12% 17% 2% 4% 8%

Insights

In beta
Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024
Carbon Segment Sales Volume
Million Metric Tonnes

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Cement Segment Sales Volume
Million Metric Tonnes
Cement Capacity Utilization
Percentage
CPC Calcination Capacity
MTPA
Installed Cement Capacity
MTPA
GPC Import Quota for Indian Calciners
Million Tonnes

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.18% 41.19% 41.19% 41.19%
17.82% 17.08% 16.32% 12.09% 8.76% 8.40% 10.07% 10.48% 10.65% 10.82% 10.40% 8.54%
2.30% 0.23% 0.26% 0.34% 1.77% 2.61% 2.93% 3.16% 4.20% 4.85% 4.62% 4.87%
0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34% 0.34%
38.40% 41.20% 41.96% 46.08% 47.98% 47.50% 45.51% 44.88% 43.63% 42.81% 43.44% 45.06%
No. of Shareholders 1,92,3372,07,7952,14,3112,30,6042,53,9472,46,3442,30,8792,15,0502,11,2392,04,7952,01,6461,99,261

* 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.

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