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. #
Manufacturing Capabilities
The company owns and operates a total of 18 manufacturing facilities which manufactures good for its 3 business segments. These facilities are established across North America, Europe and Asia. #
Its current manufacturing capacities are -
Calcined petroleum coke - 2.1 MTPA.
Coal tar distillation - 1.3 MTPA
Advances materials production - 0.7 MTPA
Cement production - 4.0 MTPA#
- 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
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 |
Documents
Add documentRecent announcements
- Rain Industries Limited - Disclosure Of Related Party Transactions Pursuant To Regulation 23(9) Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ('Listing Regulations') On A Consolidated Basis For The Financial Year Ended December 31, 2020. 14h
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 1d
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 1 Mar
- Rain Industries Limited - Intimation Of Book Closure Pursuant To Regulation 42 Of The Securities & Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Purpose Of 46Th Annual General Meeting Of The Company. 25 Feb
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 25 Feb
View all
Annual reports
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2011 from nse
- Financial Year 2010 from bse
- Financial Year 2010 from nse
- Financial Year 2009 from nse