Rain Industries Ltd - Stock Valuation and Financial Performance

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

Rain Industries Share Price

158.40 -2.20 -1.37%
as on 18-Mar'24 16:59

DeciZen - make an informed investing decision on Rain Industries

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Rain Industries stock performance -

mw4me loader
P/E Ratio (CD):
0.00
Market Cap:
5,327.7 Cr.
52-wk low:
141.1
52-wk high:
219.7

Is Rain Industries Ltd an attractive stock to invest in?

1. Is Rain Industries Ltd a good quality company?

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

2. Is Rain Industries Ltd 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 Somewhat Undervalued zone.

3. Is Rain Industries Ltd 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.

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Rain Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22TTM
ROCE % 8%6%6.8%6.8%11.4%7.6%5.4%4.9%6%11.4%-
Value Creation
Index
-0.4-0.6-0.5-0.5-0.2-0.5-0.6-0.7-0.6-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 11,74411,93710,2199,25811,30314,04912,36110,46514,52721,01118,141
Sales YoY Gr.-1.6%-14.4%-9.4%22.1%24.3%-12%-15.3%38.8%44.6%-
Adj EPS 12.66.88.98.224.717.611.29.81643.9-27.9
YoY Gr.--46.1%30.6%-8%202.1%-28.8%-36.1%-12.6%63.3%174.2%-
BVPS (₹) 95.887.687.394.1117.3137.4147.5164.5181.6250.5218.3
Adj Net
Profit
4242292992758305913783305391,478-938
Cash Flow from Ops. 6091,2911,2381,5678681,7062,2401,8238341,036-
Debt/CF from Ops. 13.65.96.14.78.54.63.54.99.78.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.7%13.2%19.3%44.6%
Adj EPS 14.9%12.2%57.6%174.2%
BVPS11.3%16.4%19.3%37.9%
Share Price 16.3% 8.5% 2.7% -0.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22TTM
Return on
Equity %
14.77.410.2923.413.87.96.39.320.3-11.9
Op. Profit
Mgn %
12.810.213.216.520.114.111.916.616.217.45.1
Net Profit
Mgn %
3.61.82.73.17.64.63.63.44.57.7-5.2
Debt to
Equity
2.62.62.62.31.91.71.61.61.31.11
Working Cap
Days
9111511911310811311912210911286
Cash Conv.
Cycle
4457585658606261536653

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.34%

Return on Equity is Poor

Debt to equity has increased versus last 3 years average to 1.09

Sales growth is not so good in last 4 quarters at -12.08%

Latest Financials - Rain Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 1.6 -27.9
TTM Sales (₹ Cr.) 124 18,141
BVPS (₹.) 27.4 218.3
Reserves (₹ Cr.) 855 7,275
P/BV 5.77 0.73
PE 100.41 0.00
From the Market
52 Week Low / High (₹) 141.05 / 219.65
All Time Low / High (₹) 1.35 / 475.50
Market Cap (₹ Cr.) 5,328
Equity (₹ Cr.) 67.3
Face Value (₹) 2
Industry PE 39.2

Management X-Ray of Rain Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Rain Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22
Sales11,74411,93710,2199,25811,30314,04912,36110,46514,52721,011
Operating Expenses 10,29710,7328,8697,7279,03012,08310,8878,78712,17017,429
Manufacturing Costs1,1901,2801,1369971,0541,2601,1501,0751,6972,564
Material Costs6,7106,8935,2874,4185,4457,7276,7284,8847,40811,289
Employee Cost 8869779619711,0621,2361,2401,2131,2371,352
Other Costs 1,5111,5831,4851,3421,4701,8601,7701,6151,8282,223
Operating Profit 1,4471,2051,3491,5312,2731,9661,4731,6772,3563,582
Operating Profit Margin (%) 12.3%10.1%13.2%16.5%20.1%14.0%11.9%16.0%16.2%17.1%
Other Income 57778012111141164455214105
Interest 593620596631595457452491479524
Depreciation 487347328519526555594792815837
Exceptional Items 0-258-6-26-18000000
Profit Before Tax 423584984801,0849965918511,2762,327
Tax 37-12196179292364128263583750
Profit After Tax 387703023017926314625886941,577
PAT Margin (%) 3.3%0.6%3.0%3.2%7.0%4.5%3.7%5.6%4.8%7.5%
Adjusted EPS (₹)11.42.69.68.722.717.311.616.617.342.8
Dividend Payout Ratio (%)9%38%10%12%9%0%9%6%6%2%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22

Equity and Liabilities

Shareholders Fund 3,2232,9462,9383,1653,9444,6234,9605,5336,1098,427
Share Capital 67676767676767676767
Reserves 3,1562,8792,8703,0983,8774,5554,8935,4666,0428,360
Minority Interest4222270101143195172256356
Debt8,0387,5117,3927,0344,0597,7447,7538,5177,9749,049
Long Term Debt7,4517,1687,1326,8523,7407,2427,3568,0017,4447,795
Short Term Debt5873432591823195023975165301,254
Trade Payables1,2571,0011,0237601,1481,3417898241,3971,548
Others Liabilities 1,9961,9441,7601,8155,0171,6941,9162,3812,6442,564
Total Liabilities 14,55613,42313,11512,84514,26915,54615,61317,42718,38121,945

Fixed Assets

Gross Block15,07214,30614,1309,4749,66510,76211,61613,77914,33616,301
Accumulated Depreciation5,8105,5955,5905519751,5012,1242,6553,3974,325
Net Fixed Assets9,2628,7128,5408,9238,6909,2619,49211,12410,93911,977
CWIP 2722694112264417951,362931791467
Investments 14261932351339151314
Inventories2,0001,5341,6211,2681,9992,3681,7421,5862,5124,515
Trade Receivables1,5371,3711,1971,0391,6721,6041,1051,0911,6992,494
Cash Equivalents 8459008601,0449428511,1691,8001,3841,671
Others Assets6266124663134916537048791,043808
Total Assets 14,55613,42313,11512,84514,26915,54615,61317,42718,38121,945

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22
Cash Flow From Operating Activity 6091,2911,2381,5678681,7062,2401,8238341,036
PBT 423584984801,0849965918511,2762,327
Adjustment 1,0749979551,0991,1761,0871,0749121,0851,310
Changes in Working Capital -795408-59292-99270871303-1125-2045
Tax Paid -93-172-157-304-400-446-296-243-403-557
Cash Flow From Investing Activity -269-411-490-479-503-1,032-1,179-771-527-663
Capex -359-394-494-479-440-1,154-1,192-1,059-507-667
Net Investments 3,823-43-42-13-891-23-176-2-239
Others -3,7332646142612035465-17242
Cash Flow From Financing Activity -507-883-795-887-520-619-653-600-740-396
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -445-119-75-16011-165-17-9-115-180
Interest Paid -430-683-577-587-639-541-440-475-452-498
Dividend Paid -78-34-40-51-34-67-75-70-34-34
Others 446-48-103-89141154-120-46-140316
Net Cash Flow -166-4-47201-15655408452-433-23
PARTICULARSDec'13Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22
Ratios
ROE (%)13.392.2610.289.8622.2914.749.6511.2111.9121.7
ROCE (%)9.696.1210.3510.5715.4212.278.289.8712.317.93
Asset Turnover Ratio0.940.870.790.730.840.950.810.640.831.05
PAT to CFO Conversion(x)1.5718.444.15.211.12.74.853.11.20.66
Working Capital Days
Receivable Days32444543434239383436
Inventory Days46535556525660575160
Payable Days51607074645958605548

Rain Industries Ltd Stock News

Rain Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Rain Industries on 18-Mar-2024 16:59 is ₹158.4.
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 18-Mar-2024 16:59 the market cap of Rain Industries stood at ₹5,327.7.
The latest P/E ratio of Rain Industries as of 18-Mar-2024 16:59 is 100.4.
The latest P/B ratio of Rain Industries as of 18-Mar-2024 16:59 is 5.77.
The 52-week high of Rain Industries is ₹219.7 and the 52-week low is ₹141.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Rain Industries is ₹124.2 ( 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 company’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.

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