Rain Industries Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 5,198 Cr.
  • Current Price 155
  • High / Low 175 / 44.8
  • Stock P/E 9.31
  • Book Value 165
  • Dividend Yield 0.65 %
  • ROCE 9.99 %
  • ROE 10.6 %
  • Face Value 2.00

Pros

  • Stock is trading at 0.94 times its book value

Cons

  • The company has delivered a poor sales growth of 0.50% over past five years.
  • Company has a low return on equity of 10.63% for last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 4.79% of profits over last 3 years

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
3,307 3,806 3,493 3,444 3,197 3,342 2,992 2,830 2,898 2,361 2,566 2,640
2,665 3,111 2,981 3,326 2,838 2,927 2,649 2,466 2,450 2,009 2,069 2,259
Operating Profit 642 695 511 118 359 415 343 364 447 352 497 381
OPM % 19% 18% 15% 3% 11% 12% 11% 13% 15% 15% 19% 14%
Other Income 5 7 13 16 12 30 22 93 13 27 12 405
Interest 118 112 113 114 113 113 113 113 120 124 123 124
Depreciation 123 132 131 169 127 128 144 195 179 188 207 217
Profit before tax 406 458 281 -149 130 203 108 149 161 66 179 445
Tax % 35% 34% 32% 14% 28% 28% 7% 18% 29% 48% 34% 28%
Net Profit 251 295 175 -139 69 126 82 115 107 27 118 307
EPS in Rs 7.47 8.77 5.20 -4.14 2.05 3.74 2.44 3.41 3.17 0.79 3.51 9.13
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
3,622 3,752 5,627 5,352 11,728 11,921 10,205 9,258 11,303 14,049 12,361 10,465
2,724 3,034 4,283 4,242 10,411 10,717 8,862 7,729 9,034 12,083 10,880 8,788
Operating Profit 898 718 1,344 1,110 1,317 1,204 1,343 1,529 2,270 1,966 1,481 1,677
OPM % 25% 19% 24% 21% 11% 10% 13% 17% 20% 14% 12% 16%
Other Income 65 -53 22 66 57 -179 80 100 -65 42 156 456
Interest 226 212 246 373 593 620 596 631 595 457 452 490
Depreciation 123 116 113 120 357 347 328 519 526 555 594 792
Profit before tax 615 338 1,007 683 423 58 498 480 1,084 996 591 851
Tax % 28% 28% 34% 32% 9% -21% 39% 37% 27% 37% 22% 31%
Net Profit 444 241 664 458 385 89 323 291 764 582 391 558
EPS in Rs 12.53 6.80 18.95 13.39 11.43 2.63 9.61 8.65 22.70 17.29 11.64 16.60
Dividend Payout % 10% 15% 6% 8% 9% 38% 10% 12% 9% 6% 9% 0%
Compounded Sales Growth
10 Years:11%
5 Years:1%
3 Years:-3%
TTM:-15%
Compounded Profit Growth
10 Years:5%
5 Years:12%
3 Years:-14%
TTM:44%
Stock Price CAGR
10 Years:17%
5 Years:36%
3 Years:-25%
1 Year:71%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:11%
Last Year:11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
71 71 70 68 67 67 67 67 67 67 67 67
Reserves 1,140 1,323 2,051 2,483 3,156 2,879 2,870 3,098 3,877 4,555 4,893 5,466
Borrowings 3,031 3,178 3,747 6,927 8,291 7,673 7,596 7,326 7,332 7,779 7,845 8,517
606 654 948 1,277 2,947 2,734 2,511 2,354 3,100 3,297 3,186 4,230
Total Liabilities 4,848 5,226 6,815 10,755 14,460 13,352 13,044 12,845 14,376 15,699 15,990 18,281
3,416 3,238 3,694 3,719 9,262 8,712 8,540 8,923 8,690 9,261 9,492 11,124
CWIP 23 56 124 587 272 269 411 226 441 795 1,362 931
Investments 31 2 2 2 14 26 19 32 35 13 39 15
1,378 1,930 2,996 6,448 4,912 4,345 4,074 3,664 5,211 5,631 5,098 6,211
Total Assets 4,848 5,226 6,815 10,755 14,460 13,352 13,044 12,845 14,376 15,699 15,990 18,281

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
936 318 844 1,402 609 1,291 1,238 1,567 868 1,706 2,240 1,823
11 -111 -128 -4,153 -95 -382 -531 -504 -539 -1,038 -1,265 -772
-876 -149 -250 2,780 -507 -883 -795 -887 -520 -619 -653 -601
Net Cash Flow 71 57 466 29 7 26 -88 176 -192 49 322 450

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
ROCE % 18% 15% 24% 14% 10% 8% 10% 11% 17% 12% 8% 10%
Debtor Days 45 53 45 39 48 42 43 41 54 42 32 38
Inventory Turnover 3.00 3.54 3.56 3.05 4.90 4.24 3.70 3.43 3.68 3.85 3.54 2.94

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
41.10 41.10 41.10 41.10 41.10 41.10 41.10 41.10 41.12 41.14 41.14 41.14
19.96 16.98 16.50 16.09 15.15 14.24 14.01 13.97 14.33 13.55 13.35 13.19
1.13 0.32 0.32 0.19 0.85 0.83 1.26 1.18 1.30 1.20 2.21 2.46
37.81 41.60 42.08 42.63 42.90 43.83 43.63 43.75 43.26 44.10 43.30 43.21

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