Rain Industries Ltd

Rain Industries Ltd

₹ 206 -2.13%
23 Feb - 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

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 6,939 Cr.
  • Current Price 206
  • High / Low 220 / 140
  • Stock P/E 23.5
  • Book Value 253
  • Dividend Yield 0.48 %
  • ROCE 17.1 %
  • ROE 19.8 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.81 times its book value

Cons

  • Company has a low return on equity of 14.0% over last 3 years.
  • Company might be capitalizing the interest cost

* 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: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
2,566 2,640 3,008 3,643 3,849 4,026 4,437 5,541 5,577 5,457 5,253 4,627 4,160
2,069 2,259 2,419 2,993 3,216 3,538 3,645 4,338 4,662 4,830 4,720 3,982 3,794
Operating Profit 497 381 589 650 633 488 792 1,202 915 627 534 645 366
OPM % 19% 14% 20% 18% 16% 12% 18% 22% 16% 11% 10% 14% 9%
12 405 43 37 59 55 17 23 19 47 25 33 49
Interest 123 124 120 122 118 119 120 122 131 150 163 169 242
Depreciation 207 217 198 201 199 200 198 201 203 188 193 196 193
Profit before tax 179 445 314 364 375 223 490 902 600 335 203 313 -20
Tax % 34% 28% 26% 27% 28% 132% 36% 22% 28% 62% 30% 34% -237%
118 322 231 266 269 -72 314 708 429 126 142 207 -66
EPS in Rs 3.51 9.13 6.13 7.00 7.00 -2.88 8.25 19.87 11.99 2.66 3.13 4.92 -2.68
Raw PDF
Upcoming result date: today

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 TTM
5,627 5,352 11,728 11,921 10,205 9,258 11,303 14,049 12,361 10,465 14,527 21,011 19,498
4,283 4,242 10,411 10,716 8,854 7,727 9,030 12,083 10,880 8,787 12,166 17,474 17,326
Operating Profit 1,344 1,110 1,317 1,205 1,351 1,531 2,273 1,966 1,481 1,677 2,360 3,537 2,171
OPM % 24% 21% 11% 10% 13% 17% 20% 14% 12% 16% 16% 17% 11%
22 66 57 -180 72 99 -68 42 156 456 193 105 154
Interest 246 373 593 620 596 631 595 457 452 491 479 524 724
Depreciation 113 120 357 347 328 519 526 555 594 792 798 790 769
Profit before tax 1,007 683 423 58 498 480 1,084 996 591 851 1,276 2,327 832
Tax % 34% 32% 9% -21% 39% 37% 27% 37% 22% 31% 46% 32%
665 465 386 70 302 301 792 631 462 588 694 1,577 409
EPS in Rs 18.95 13.39 11.43 2.63 9.61 8.65 22.70 17.29 11.64 16.60 17.25 42.77 8.03
Dividend Payout % 6% 8% 9% 38% 10% 12% 9% 6% 9% 6% 6% 2%
Compounded Sales Growth
10 Years: 15%
5 Years: 13%
3 Years: 19%
TTM: 0%
Compounded Profit Growth
10 Years: 12%
5 Years: 11%
3 Years: 55%
TTM: -77%
Stock Price CAGR
10 Years: 18%
5 Years: 14%
3 Years: 10%
1 Year: 31%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 14%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Jun 2023
Equity Capital 70 68 67 67 67 67 67 67 67 67 67 67 67
Reserves 2,051 2,483 3,156 2,879 2,870 3,098 3,877 4,555 4,893 5,466 6,042 8,360 8,454
3,747 6,927 8,291 7,673 7,596 7,326 7,332 7,779 7,845 8,859 8,489 9,731 9,372
948 1,277 2,947 2,734 2,511 2,354 3,100 3,297 3,193 3,471 3,864 3,787 3,773
Total Liabilities 6,815 10,755 14,460 13,352 13,044 12,845 14,376 15,699 15,998 17,863 18,463 21,945 21,667
3,694 3,719 9,262 8,712 8,540 8,923 8,690 9,261 9,492 11,124 10,939 11,977 11,912
CWIP 124 587 272 269 411 226 441 795 1,362 931 791 467 459
Investments 2 2 14 26 19 32 35 13 39 15 13 14 97
2,996 6,448 4,912 4,345 4,074 3,664 5,211 5,631 5,105 5,793 6,719 9,487 9,200
Total Assets 6,815 10,755 14,460 13,352 13,044 12,845 14,376 15,699 15,998 17,863 18,463 21,945 21,667

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022
844 1,402 609 1,291 1,238 1,567 868 1,706 2,240 1,823 834 1,036
-128 -4,153 -95 -382 -531 -504 -539 -1,038 -1,265 -798 -510 -576
-250 2,780 -507 -883 -795 -887 -520 -619 -653 -600 -740 -396
Net Cash Flow 466 29 7 26 -88 176 -192 49 322 425 -417 65

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022
Debtor Days 45 39 48 42 43 41 54 42 33 38 43 43
Inventory Days 132 127 109 81 112 105 134 112 95 118 124 146
Days Payable 50 78 68 53 71 63 77 63 43 62 69 50
Cash Conversion Cycle 127 88 88 70 84 83 111 90 84 95 98 139
Working Capital Days 96 60 67 42 45 36 -38 59 41 39 71 90
ROCE % 24% 14% 10% 8% 10% 11% 17% 12% 8% 10% 12% 17%

Shareholding Pattern

Numbers in percentages

20 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14% 41.14%
13.90% 10.61% 12.26% 14.08% 14.36% 15.70% 17.19% 17.74% 17.82% 17.08% 16.32% 12.09%
0.91% 0.09% 0.28% 0.30% 1.35% 1.64% 2.27% 1.76% 2.30% 0.23% 0.26% 0.34%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.34% 0.34% 0.34% 0.34% 0.34%
44.05% 48.16% 46.32% 44.48% 43.15% 41.52% 39.39% 39.01% 38.40% 41.20% 41.96% 46.08%
No. of Shareholders 1,47,7541,82,2661,87,3221,87,0581,94,2552,04,1802,03,7571,95,0401,92,3372,07,7952,14,3112,30,604

* 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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