Rain Industries Limited (IN:RAIN)
:RAIN
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Rain Industries Limited
(RAIN)
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Rating:59Neutral
Price Target:
₹203.00
▲(63.12% Upside)
Action:Reiterated
Date:05/26/26
The score is held back primarily by volatile profitability, elevated leverage, and a sharp deterioration in 2025 cash generation (negative free cash flow). Offsetting this, technicals show strong upside momentum with price well above key moving averages, and valuation looks supportive due to a low P/E—though momentum appears overbought and the dividend yield is low.
Positive Factors
Essential industrial end-markets
Rain supplies calcined petroleum coke, coal tar pitch and related carbon inputs that are fundamental to aluminum smelting and metallurgical processes. These are staple industrial feedstocks with steady structural demand, supporting baseline volumes and long-term commercial relationships.
Negative Factors
Elevated leverage
Debt running above equity with debt/equity near 1.4 is persistent, limiting financial flexibility. High leverage raises refinancing and interest-rate vulnerability, constrains discretionary investment, and amplifies risk if commodity spreads or end-market volumes weaken over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Essential industrial end-markets
Rain supplies calcined petroleum coke, coal tar pitch and related carbon inputs that are fundamental to aluminum smelting and metallurgical processes. These are staple industrial feedstocks with steady structural demand, supporting baseline volumes and long-term commercial relationships.
Read all positive factors
Rain Industries Limited (RAIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹63.57B
Dividend Yield1.6%
Average Volume (3M)46.05K
Price to Earnings (P/E)21.1
Beta (1Y)1.51
Revenue Growth14.39%
EPS GrowthN/A
CountryIN
Employees2,394
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)-1.89
Shares Outstanding336,345,670
10 Day Avg. Volume39,362
30 Day Avg. Volume46,046
Financial Highlights & Ratios
PEG Ratio-1.07
Price to Book (P/B)0.66
Price to Sales (P/S)0.29
P/FCF Ratio-14.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)18.75
Revenue Forecast (FY)₹190.74B
Rain Industries Limited Business Overview & Revenue Model
Company Description
Headquartered in Hyderabad, India, and established in 1974, Rain Industries Limited, along with its associated companies, is a global producer and distributor of a diverse range of carbon, cement, and advanced material products. The company's oper...
How the Company Makes Money
RAIN generates revenue mainly by manufacturing and selling carbon products and related chemicals to industrial customers. Its core earnings typically come from: (1) Calcined Petroleum Coke (CPC): RAIN buys raw petroleum coke and processes it via c...
Rain Industries Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
57
Neutral
Cash Flow
42
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 169.46B | 152.67B | 180.52B | 209.06B | 143.70B |
| Gross Profit | 50.53B | 27.21B | 31.01B | 74.67B | 56.47B |
| EBITDA | 21.89B | 15.22B | 11.11B | 36.27B | 25.53B |
| Net Income | 425.24M | -5.64B | -9.38B | 14.39B | 5.80B |
Balance Sheet | |||||
| Total Assets | 207.60B | 189.37B | 200.09B | 221.73B | 186.52B |
| Cash, Cash Equivalents and Short-Term Investments | 15.30B | 19.11B | 21.82B | 14.83B | 13.55B |
| Total Debt | 98.24B | 84.94B | 86.90B | 97.31B | 84.89B |
| Total Liabilities | 130.69B | 121.12B | 122.43B | 133.90B | 122.86B |
| Stockholders Equity | 74.49B | 66.38B | 73.43B | 84.27B | 61.09B |
Cash Flow | |||||
| Free Cash Flow | -3.31B | 12.90B | 24.68B | 3.67B | 2.86B |
| Operating Cash Flow | 1.30B | 19.43B | 30.63B | 10.36B | 8.34B |
| Investing Cash Flow | -5.04B | -2.12B | -6.96B | -6.63B | -5.27B |
| Financing Cash Flow | -1.49B | -17.71B | -21.15B | -3.96B | -7.40B |
Rain Industries Limited Technical Analysis
Positive
124.45
Price Trends
157.33
Positive
146.92
Positive
137.89
Positive
Market Momentum
11.58
Positive
55.23
Neutral
16.16
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAIN, the sentiment is Positive. The current price of 124.45 is below the 20-day moving average (MA) of 189.08, below the 50-day MA of 157.33, and below the 200-day MA of 137.89, indicating a neutral trend. The MACD of 11.58 indicates Positive momentum. The RSI at 55.23 is Neutral, neither overbought nor oversold. The STOCH value of 16.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RAIN.
Rain Industries Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹39.06B | 46.35 | ― | 0.49% | 26.52% | -1.91% | |
64 Neutral | ₹192.52B | 26.13 | ― | 0.80% | 11.99% | -21.03% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹63.57B | 21.09 | ― | 1.60% | 14.39% | ― | |
56 Neutral | ₹226.26B | 41.09 | ― | 0.44% | -4.13% | -21.05% | |
56 Neutral | ₹186.63B | -9.85 | ― | 1.42% | -2.04% | -906.81% |
* Basic Materials Sector Average
IN:RAIN
Rain Industries Limited
189.00
48.30
34.33%
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Rain Industries Limited Corporate Events
Rain Industries Promoter Nivee Holdings Adds Shares via Open-Market Purchase
Mar 26, 2026
Rain Industries Limited has disclosed that its promoter entity, Nivee Holdings Private Limited, acquired 80,000 equity shares of the company, representing about 0.0238% of its paid-up equity capital, through open-market transactions on March 25, 2...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.