Rain Industries Ltd

Rain Industries Ltd

₹ 169 2.70%
18 Jun 4:10 p.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

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 5,687 Cr.
  • Current Price 169
  • High / Low 220 / 130
  • Stock P/E
  • Book Value 218
  • Dividend Yield 0.59 %
  • ROCE 1.90 %
  • ROE -10.2 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.77 times its book value

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 5.73% 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.

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,008 3,643 3,849 4,026 4,437 5,541 5,577 5,457 5,253 4,627 4,160 4,101 3,670
2,419 2,993 3,216 3,538 3,645 4,338 4,662 4,830 4,720 3,982 3,794 4,712 3,328
Operating Profit 589 650 633 488 792 1,202 915 627 534 645 366 -612 342
OPM % 20% 18% 16% 12% 18% 22% 16% 11% 10% 14% 9% -15% 9%
43 37 59 55 17 23 19 47 25 33 49 73 54
Interest 120 122 118 119 120 122 131 150 163 169 242 245 235
Depreciation 198 201 199 200 198 201 203 188 193 196 193 195 195
Profit before tax 314 364 375 223 490 902 600 335 203 313 -20 -979 -34
Tax % 26% 27% 28% 132% 36% 22% 28% 62% 30% 34% -237% -10% -244%
231 266 269 -72 314 708 429 126 142 207 -66 -1,079 -116
EPS in Rs 6.13 7.00 7.00 -2.88 8.25 19.87 11.99 2.66 3.13 4.92 -2.68 -33.26 -4.34
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 TTM
5,352 11,728 11,921 10,205 9,258 11,303 14,049 12,361 10,465 14,527 21,011 18,141 16,558
4,242 10,411 10,716 8,854 7,727 9,030 12,083 10,880 8,787 12,166 17,474 17,208 15,816
Operating Profit 1,110 1,317 1,205 1,351 1,531 2,273 1,966 1,481 1,677 2,360 3,537 933 742
OPM % 21% 11% 10% 13% 17% 20% 14% 12% 16% 16% 17% 5% 4%
66 57 -180 72 99 -68 42 156 456 193 105 180 209
Interest 373 593 620 596 631 595 457 452 491 479 524 819 891
Depreciation 120 357 347 328 519 526 555 594 792 798 790 776 778
Profit before tax 683 423 58 498 480 1,084 996 591 851 1,276 2,327 -482 -719
Tax % 32% 9% -21% 39% 37% 27% 37% 22% 31% 46% 32% -65%
465 386 70 302 301 792 631 462 588 694 1,577 -796 -1,055
EPS in Rs 13.39 11.43 2.63 9.61 8.65 22.70 17.29 11.64 16.60 17.25 42.77 -27.89 -35.36
Dividend Payout % 8% 9% 38% 10% 12% 9% 6% 9% 6% 6% 2% -4%
Compounded Sales Growth
10 Years: 4%
5 Years: 5%
3 Years: 20%
TTM: -24%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -186%
Stock Price CAGR
10 Years: 15%
5 Years: 11%
3 Years: -4%
1 Year: -2%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 6%
Last Year: -10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,483 3,156 2,879 2,870 3,098 3,877 4,555 4,893 5,466 6,042 8,360 7,275
6,927 8,291 7,673 7,596 7,326 7,332 7,779 7,845 8,859 8,489 9,731 8,690
1,277 2,947 2,734 2,511 2,354 3,100 3,297 3,193 3,471 3,864 3,787 3,954
Total Liabilities 10,755 14,460 13,352 13,044 12,845 14,376 15,699 15,998 17,863 18,463 21,945 19,987
3,719 9,262 8,712 8,540 8,923 8,690 9,261 9,492 11,124 10,939 11,977 11,357
CWIP 587 272 269 411 226 441 795 1,362 931 791 467 432
Investments 2 14 26 19 32 35 13 39 15 13 14 17
6,448 4,912 4,345 4,074 3,664 5,211 5,631 5,105 5,793 6,719 9,487 8,181
Total Assets 10,755 14,460 13,352 13,044 12,845 14,376 15,699 15,998 17,863 18,463 21,945 19,987

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
1,402 609 1,291 1,238 1,567 868 1,706 2,240 1,823 834 1,036 3,063
-4,153 -95 -382 -531 -504 -539 -1,038 -1,265 -798 -510 -576 -711
2,780 -507 -883 -795 -887 -520 -619 -653 -600 -740 -396 -2,115
Net Cash Flow 29 7 26 -88 176 -192 49 322 425 -417 65 237

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 39 48 42 43 41 54 42 33 38 43 43 44
Inventory Days 127 109 81 112 105 134 112 95 118 124 146 104
Days Payable 78 68 53 71 63 77 63 43 62 69 50 44
Cash Conversion Cycle 88 88 70 84 83 111 90 84 95 98 139 104
Working Capital Days 60 67 42 45 36 -38 59 41 39 71 90 73
ROCE % 14% 10% 8% 10% 11% 17% 12% 8% 10% 12% 17% 2%

Shareholding Pattern

Numbers in percentages

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.

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Documents

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