Is Rain Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Rain Industries Ltd is a average quality company .

Is Rain Industries undervalued or overvalued?

The key valuation ratios of Rain Industries Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Rain Industries share price return in the past 10 years?

Rain Industries Ltd share price has appreciated 11.5% annually (CAGR) over the past ten years.

Is Rain Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Rain Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Rain Industries Ltd - Stock Valuation and Financial Performance

Name: Rain Industries
Brand: Rain Industries

BSE: 500339 | NSE: RAIN | Petrochemicals | Small Cap

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Rain Industries Share Price

₹148.20 1.50 1.02%
as on 22-Nov'24 16:59

10 Year X-Ray of Rain Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	TTM
ROCE % ⓘ	6.1%	10.4%	10.6%	15.4%	12.3%	8.3%	9.9%	12.3%	17.9%	2%	-
Value Creation Index ⓘ	-0.6	-0.3	-0.3	0.1	-0.1	-0.4	-0.3	-0.1	0.3	-0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	11,937	10,219	9,258	11,303	14,049	12,361	10,465	14,527	21,011	18,141	15,799
Sales YoY Gr.	-	-14.4%	-9.4%	22.1%	24.3%	-12%	-15.3%	38.8%	44.6%	-13.7%	-
Adj EPS ⓘ	6.8	8.9	8.2	24.7	17.6	11.2	9.8	16	43.9	-27.8	-45.2
YoY Gr.	-	30.6%	-8%	202.1%	-28.8%	-36.1%	-12.6%	63.3%	174.2%	-163.2%	-
BVPS (₹) ⓘ	87.6	87.3	94.1	117.3	137.4	147.5	164.5	181.6	250.5	218.3	206.5
Adj Net Profit ⓘ	229	299	275	830	591	378	330	539	1,478	-934	-1,522
Cash Flow from Ops. ⓘ	1,291	1,238	1,567	868	1,706	2,240	1,823	834	1,036	3,063	-
Debt/CF from Ops. ⓘ	5.9	6.1	4.7	8.5	4.6	3.5	4.9	9.7	8.9	2.7	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	4.8%	5.3%	20.1%	-13.7%
Adj EPS ⓘ	-216.9%	-209.6%	-241.5%	-163.2%
BVPSⓘ	10.7%	9.7%	9.9%	-12.9%
Share Price	11.5%	7.7%	-11.1%	3.3%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	TTM
Return on Equity % ⓘ	7.4	10.2	9	23.4	13.8	7.9	6.3	9.3	20.3	-11.8	-21.3
Op. Profit Mgn % ⓘ	10.2	13.2	16.5	20.1	14.1	11.9	16.6	16.2	17.4	9.3	2.6
Net Profit Mgn % ⓘ	1.8	2.7	3.1	7.6	4.6	3.6	3.4	4.5	7.7	-4.4	-9.6
Debt to Equity ⓘ	2.6	2.6	2.3	1.9	1.7	1.6	1.6	1.3	1.1	1.1	-
Working Cap Days ⓘ	115	119	113	108	113	119	122	109	112	139	84
Cash Conv. Cycle ⓘ	57	58	56	58	60	62	61	53	66	91	45

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 20.13%

Return on Equity is Poor

Debt to equity has increased versus last 3 years average to 1.11

Sales growth is not so good in last 4 quarters at -17.99%

Latest Financials - Rain Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	0.5	-45.2
TTM Sales (₹ Cr.)	135	15,799
BVPS (₹.) ⓘ	28.1	206.5
Reserves (₹ Cr.) ⓘ	878	6,877
P/BV ⓘ	5.27	0.72
PE ⓘ	272.97	0.00

From the Market
52 Week Low / High (₹)	130.20 / 219.65
All Time Low / High (₹)	1.35 / 475.50
Market Cap (₹ Cr.)	4,985
Equity (₹ Cr.)	67.3
Face Value (₹)	2
Industry PE ⓘ	54.1

Management X-Ray of Rain Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Rain Industries

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of Rain Industries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Sales	11,937	10,219	9,258	11,303	14,049	12,361	10,465	14,527	21,011	18,141
Operating Expenses ⓘ	10,732	8,869	7,727	9,030	12,083	10,887	8,787	12,170	17,429	16,458
Manufacturing Costs	1,280	1,136	997	1,054	1,260	1,150	1,075	1,697	2,564	2,022
Material Costs	6,893	5,287	4,418	5,445	7,727	6,728	4,884	7,408	11,289	11,102
Employee Cost	977	961	971	1,062	1,236	1,240	1,213	1,237	1,352	1,326
Other Costs ⓘ	1,583	1,485	1,342	1,470	1,860	1,770	1,615	1,828	2,223	2,008
Operating Profit ⓘ	1,205	1,349	1,531	2,273	1,966	1,473	1,677	2,356	3,582	1,684
Operating Profit Margin (%)	10.1%	13.2%	16.5%	20.1%	14.0%	11.9%	16.0%	16.2%	17.1%	9.3%
Other Income ⓘ	77	80	121	111	41	164	455	214	105	179
Interest ⓘ	620	596	631	595	457	452	491	479	524	819
Depreciation ⓘ	347	328	519	526	555	594	792	815	837	1,527
Exceptional Items ⓘ	-258	-6	-26	-180	0	0	0	0	0	0
Profit Before Tax ⓘ	58	498	480	1,084	996	591	851	1,276	2,327	-482
Tax ⓘ	-12	196	179	292	364	128	263	583	750	314
Profit After Tax	70	302	301	792	631	462	588	694	1,577	-796
PAT Margin (%)	0.6%	3.0%	3.2%	7.0%	4.5%	3.7%	5.6%	4.8%	7.5%	-4.4%
Adjusted EPS (₹)	2.6	9.6	8.7	22.7	17.3	11.6	16.6	17.3	42.8	-27.9
Dividend Payout Ratio (%)	38%	10%	12%	9%	0%	9%	6%	6%	2%	-4%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Equity and Liabilities
Shareholders Fund	2,946	2,938	3,165	3,944	4,623	4,960	5,533	6,109	8,427	7,343
Share Capital ⓘ	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
Minority Interest	22	2	70	101	143	195	172	256	356	423
Debt	7,511	7,392	7,034	4,059	7,744	7,753	8,517	7,974	9,049	8,163
Long Term Debt	7,168	7,132	6,852	3,740	7,242	7,356	8,001	7,444	7,795	7,318
Short Term Debt	343	259	182	319	502	397	516	530	1,254	846
Trade Payables	1,001	1,023	760	1,148	1,341	789	824	1,397	1,548	1,349
Others Liabilities ⓘ	1,944	1,760	1,815	5,017	1,694	1,916	2,381	2,644	2,564	2,708
Total Liabilities ⓘ	13,423	13,115	12,845	14,269	15,546	15,613	17,427	18,381	21,945	19,987
Fixed Assets
Gross Block	14,306	14,130	9,474	9,665	10,762	11,616	13,779	14,336	16,301	16,956
Accumulated Depreciation	5,595	5,590	551	975	1,501	2,124	2,655	3,397	4,325	4,867
Net Fixed Assetsⓘ	8,712	8,540	8,923	8,690	9,261	9,492	11,124	10,939	11,977	12,089
CWIP ⓘ	269	411	226	441	795	1,362	931	791	467	432
Investmentsⓘ	26	19	32	35	13	39	15	13	14	17
Inventories	1,534	1,621	1,268	1,999	2,368	1,742	1,586	2,512	4,515	3,176
Trade Receivables	1,371	1,197	1,039	1,672	1,604	1,105	1,091	1,699	2,494	2,170
Cash Equivalents	900	860	1,044	942	851	1,169	1,800	1,384	1,671	2,006
Others Assetsⓘ	612	466	313	491	653	704	879	1,043	808	97
Total Assets ⓘ	13,423	13,115	12,845	14,269	15,546	15,613	17,427	18,381	21,945	19,987

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Cash Flow From Operating Activity ⓘ	1,291	1,238	1,567	868	1,706	2,240	1,823	834	1,036	3,063
PBT ⓘ	58	498	480	1,084	996	591	851	1,276	2,327	-482
Adjustment ⓘ	997	955	1,099	1,176	1,087	1,074	912	1,085	1,310	2,238
Changes in Working Capital ⓘ	408	-59	292	-992	70	871	303	-1125	-2045	1652
Tax Paid ⓘ	-172	-157	-304	-400	-446	-296	-243	-403	-557	-344
Cash Flow From Investing Activity ⓘ	-411	-490	-479	-503	-1,032	-1,179	-771	-527	-663	-696
Capex	-394	-494	-479	-440	-1,154	-1,192	-1,059	-507	-667	-594
Net Investments	-43	-42	-13	-89	1	-23	-176	-2	-239	-345
Others ⓘ	26	46	14	26	120	35	465	-17	242	243
Cash Flow From Financing Activityⓘ	-883	-795	-887	-520	-619	-653	-600	-740	-396	-2,115
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-119	-75	-160	11	-165	-17	-9	-115	-180	-738
Interest Paid ⓘ	-683	-577	-587	-639	-541	-440	-475	-452	-498	-788
Dividend Paid ⓘ	-34	-40	-51	-34	-67	-75	-70	-34	-34	-34
Others ⓘ	-48	-103	-89	141	154	-120	-46	-140	316	-555
Net Cash Flow ⓘ	-4	-47	201	-156	55	408	452	-433	-23	253

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Dec'14	Dec'15	Dec'16	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23
Ratios
ROE (%)	2.26	10.28	9.86	22.29	14.74	9.65	11.21	11.91	21.7	-10.1
ROCE (%)	6.12	10.35	10.57	15.42	12.27	8.28	9.87	12.3	17.93	2.03
Asset Turnover Ratio	0.87	0.79	0.73	0.84	0.95	0.81	0.64	0.83	1.05	0.88
PAT to CFO Conversion(x)	18.44	4.1	5.21	1.1	2.7	4.85	3.1	1.2	0.66	N/A
Working Capital Days
Receivable Days	44	45	43	43	42	39	38	34	36	46
Inventory Days	53	55	56	52	56	60	57	51	60	76
Payable Days	60	70	74	64	59	58	60	55	48	48

Rain Industries Ltd Stock News

Rain Industries Ltd FAQs

What is the share price of Rain Industries?

Company share prices are keep on changing according to the market conditions. The closing price of Rain Industries on 22-Nov-2024 16:59 is ₹148.2.

What is the market cap of Rain Industries?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Nov-2024 16:59 the market cap of Rain Industries stood at ₹4,984.6.

What is the P/E ratio of Rain Industries?

The latest P/E ratio of Rain Industries as of 22-Nov-2024 16:59 is 273.0.

What is the P/B ratio of Rain Industries?

The latest P/B ratio of Rain Industries as of 22-Nov-2024 16:59 is 5.27.

What is the 52-week high and low of Rain Industries?

The 52-week high of Rain Industries is ₹219.7 and the 52-week low is ₹130.2.

What is the TTM revenue of Rain Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rain Industries is ₹134.9 ( Cr.) .

About Rain Industries Ltd

Rain Commodities (RCL), incorporated in 1974 is engaged in the business of manufacturing cement, Calcined Petroleum Coke (CPC) and power. The company is the largest producer of CPC with a production capacity of 2.49 nillion tonnes per annum (MTPA). Under cement, company has created brand namely Priya Cement. Presently the company markets its product mainly in South India in the states of Andhra Pradesh, Karnataka and Tamil Nadu.

The company was incorporated under the name Tadpatri Cements, which later was changed to present one on Dec. 27, 2004. Presently the total cement capacity of the company is 3.16 MTPA.

In 2007, Rain Calcining was merged with Rain Commodities. In the same year companyâ€™s wholly owned subsidiary Rain Commodities (USA) Inc, entered into an agreement to acquire the assets of the Toronto-based Great Lakes Carbon Income Fund.

The company owns subsidiaries namely Rain CII Carbon India or RCCIL (erstwhile known as Rain Industries), Rain Commodities (USA) Inc, Moonglow Company Business Inc and Rain CII Carbon LLC. All these subsidiaries are engaged are also engaged in manufacturing cement, CPC and power. RCCIL is 100% export-oriented unit located in Visakhapatnam, Andhra Pradesh and produces CPC, which has an installed capacity 480,000 TPA. This unit also operates a captive power plant of 49 MW.

The company operates two manufacturing facilities in Nalgonda and Kurnool in the state of Andhra Pradesh. The production capacity of these plants is 1 million tonnes capacity per annum and 2.16 million tonnes capacity per annum respectively.

New developments

Rain Commodities is planning to set up two greenfield CPC plants in Visakhapatnam, India. These greenfeild plants will have an aggregate capacity of 6,00,000 tonnes and will commence its operation by the end of 2009.

Rain CII Carbon LLC, a wholly owned subsidiary of RCL is planning to set up a petroleum coke calcining plant in China. The planned capacity for the new facility would be 0.3-0.5 million tonnes a year and is anticipated to be operational in 2010.

Rain CII Carbon India has entered into an agreement with International Finance Corp (IFC) of the World Bank to sell 850,000 carbon credits.