Rain Industries Ltd
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]
- Market Cap ₹ 5,258 Cr.
- Current Price ₹ 156
- High / Low ₹ 176 / 99.8
- Stock P/E 17.4
- Book Value ₹ 221
- Dividend Yield 0.64 %
- ROCE 8.26 %
- ROE 0.60 %
- Face Value ₹ 2.00
Pros
- Stock is trading at 0.71 times its book value
- Company has been maintaining a healthy dividend payout of 23.2%
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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11,921 | 10,205 | 9,258 | 11,303 | 14,049 | 12,361 | 10,465 | 14,527 | 21,011 | 18,141 | 15,374 | 16,946 | 17,699 | |
| 10,716 | 8,854 | 7,727 | 9,030 | 12,083 | 10,880 | 8,787 | 12,166 | 17,474 | 17,208 | 14,100 | 14,809 | 15,245 | |
| 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 | 2,453 |
| OPM % | 10% | 13% | 17% | 20% | 14% | 12% | 16% | 16% | 17% | 5% | 8% | 13% | 14% |
| -180 | 72 | 99 | -68 | 42 | 156 | 456 | 193 | 105 | 180 | 248 | 141 | 162 | |
| Interest | 620 | 596 | 631 | 595 | 457 | 452 | 491 | 479 | 524 | 819 | 941 | 922 | 936 |
| Depreciation | 347 | 328 | 519 | 526 | 555 | 594 | 792 | 798 | 790 | 776 | 807 | 922 | 963 |
| Profit before tax | 58 | 498 | 480 | 1,084 | 996 | 591 | 851 | 1,276 | 2,327 | -482 | -226 | 435 | 716 |
| 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 | 409 | |
| 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 | 8.96 |
| Dividend Payout % | 38% | 10% | 12% | 9% | 6% | 9% | 6% | 6% | 2% | -4% | -6% | 79% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 10% |
| 3 Years: | -7% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -18% |
| 5 Years: | -40% |
| 3 Years: | -69% |
| TTM: | 154% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | -2% |
| 3 Years: | 2% |
| 1 Year: | 8% |
| 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 | 3,486 | |
| Total Liabilities | 13,352 | 13,044 | 12,845 | 14,376 | 15,699 | 15,998 | 17,863 | 18,463 | 21,945 | 19,987 | 18,935 | 20,759 |
| 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 | 20,759 |
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 | -267 | |
| -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 | -395 |
| Free Cash Flow | 897 | 745 | 1,087 | 428 | 552 | 1,048 | 763 | 327 | 369 | 2,470 | 1,294 | 441 |
| CFO/OP | 121% | 103% | 122% | 56% | 109% | 171% | 123% | 52% | 45% | 365% | 172% | 54% |
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 |
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| Cement Capacity Utilization Percentage |
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| CPC Calcination Capacity MTPA |
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| Installed Cement Capacity MTPA |
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| GPC Import Quota for Indian Calciners Million Tonnes |
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Extracted by Screener AI
Documents
Announcements
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Rain Industries Limited - Management Commentary On Un-Audited Financial Results Of The Company (Standalone, Consolidated And Segment) For The First Quarter Ended March 31, 2026
14 May - Q1 2026 management commentary covers demand, pricing, R&D, Europe, India CPC blending, and segment outlook.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 12 May
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Shareholder Meeting / Postal Ballot-Outcome of AGM
12 May - Rain Industries held its 51st AGM on May 12, 2026; shareholders approved audited results, Rs.1 dividend, and director reappointment.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
9 May - Rain Industries Limited - News paper clippings of publication of Un-Audited Financial Results (Standalone, Consolidated and segment) for the First Quarter ended March 31, 2026
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Rain Industries Limited-Management Presentation On Un-Audited Financial Results Of The Company (Standalone, Consolidated And Segment) For The First Quarter Ended March 31, 2026
8 May - Q1 FY2026 presentation: revenue ₹45.21 billion, adjusted EBITDA ₹7.15 billion, released May 8, 2026.
Annual reports
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Financial Year 2025
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2026TranscriptAI SummaryPPT
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Business Segments Q1 CY26[1]
1) Carbon (75%):[2] [3]
The carbon segment converts byproducts from oil refining and steel production into high-value, carbon-based products like Calcined Petroleum Coke (CPC), Coal Tar Pitch (CTP), and Other Carbon Products (OCP), which are then used to manufacture aluminium, graphite electrodes, carbon black and titanium dioxide. It is the world's largest producer of CTP and the second-largest manufacturer of CPC.