Rain Industries Limited (IN:RAIN)
:RAIN
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Rain Industries Limited
(RAIN)
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Rating:49Neutral
Price Target:
₹122.00
▼(-1.97% Downside)
Action:ReiteratedDate:03/02/26
The score is held back primarily by weak and volatile financial performance—especially the sharp deterioration in 2025 free cash flow alongside meaningful leverage. Technicals are mixed but modestly supportive (positive MACD and oversold Stoch, with price still above longer-term averages). Valuation is a major headwind due to the very high P/E and only a modest dividend yield.
Positive Factors
Industrial end‑market exposure
RAIN’s core products serve aluminium smelting, steel and chemical processors — industries with durable, basin-level demand tied to metal and industrial production. Supplying essential inputs to smelters and process plants creates structural baseline volumes and long‑duration revenue relationships that persist across business cycles.
Negative Factors
Volatile and weak profitability
Earnings have been highly cyclical: solid margins in 2020–22 gave way to losses in 2023–24 and only a marginal net margin in 2025. Persistent profitability volatility erodes retained capital, constrains internal funding for investments, and leaves little cushion against input-cost or demand shocks, raising structural earnings risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Industrial end‑market exposure
RAIN’s core products serve aluminium smelting, steel and chemical processors — industries with durable, basin-level demand tied to metal and industrial production. Supplying essential inputs to smelters and process plants creates structural baseline volumes and long‑duration revenue relationships that persist across business cycles.
Read all positive factors
Rain Industries Limited (RAIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹41.25B
Dividend Yield1.6%
Average Volume (3M)46.05K
Price to Earnings (P/E)115.0
Beta (1Y)1.65
Revenue Growth3.30%
EPS Growth91.30%
CountryIN
Employees2,394
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)1.12
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)16.8
Revenue Forecast (FY)₹203.29B
Rain Industries Limited Business Overview & Revenue Model
Company Description
Rain Industries Limited, together with its subsidiaries, manufactures and sells carbon, cement, and advanced materials products in India and internationally. The company operates through Carbon, Advanced Materials, and Cement segments. It offers c...
How the Company Makes Money
RAIN makes money mainly by manufacturing and selling carbon-based products and chemical derivatives to industrial customers. A key revenue stream is carbon products used in aluminum smelting (such as carbon anode-related products) and other metall...
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 | 103.89B | 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
Negative
124.45
Price Trends
135.06
Negative
129.63
Negative
135.57
Negative
Market Momentum
-4.12
Negative
52.98
Neutral
84.28
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAIN, the sentiment is Negative. The current price of 124.45 is above the 20-day moving average (MA) of 112.59, below the 50-day MA of 135.06, and below the 200-day MA of 135.57, indicating a neutral trend. The MACD of -4.12 indicates Negative momentum. The RSI at 52.98 is Neutral, neither overbought nor oversold. The STOCH value of 84.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹34.89B | 29.53 | ― | 0.97% | -10.76% | -27.70% | |
65 Neutral | ₹45.46B | -46.40 | ― | 3.11% | 10.35% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | ₹40.99B | -155.37 | ― | 0.19% | 3.69% | -36.27% | |
55 Neutral | ₹22.13B | -118.51 | ― | 0.58% | -6.72% | -86.26% | |
55 Neutral | ₹34.93B | 46.14 | ― | 0.29% | -2.93% | -37.94% | |
49 Neutral | ₹41.25B | 115.03 | ― | 1.60% | 3.30% | 91.30% |
* Basic Materials Sector Average
IN:RAIN
Rain Industries Limited
122.65
-14.27
-10.42%
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Balaji Amines Limited
1,076.75
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-10.04%
IN:GMMPFAUDLR
GMM Pfaudler Limited
911.75
-139.19
-13.24%
IN:GUJALKALI
Gujarat Alkalies & Chemicals Ltd.
619.10
32.61
5.56%
IN:HIKAL
Hikal Limited
179.45
-237.89
-57.00%
IN:LXCHEM
Laxmi Organic Industries Ltd.
126.05
-44.37
-26.04%
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...
Rain Industries Issues Management Commentary on 2025 Annual Results
Mar 9, 2026
Rain Industries Limited has released a management commentary and QA session linked to its annual audited standalone and consolidated financial results for the year ended December 31, 2025. The company provided investors and analysts with an audio ...
Rain Industries Publishes Earnings Presentation for FY 2025 Results
Feb 27, 2026
Rain Industries Limited has released an earnings presentation detailing its annual audited standalone and consolidated financial results for the year ended 31 December 2025. The disclosure to stock exchanges underscores the company’s ongoing...
Rain Industries Shares FY 2025 Results and Management Commentary
Feb 27, 2026
Rain Industries Limited has released its annual audited financial results for the year ended December 31, 2025, along with the fourth-quarter 2025 performance data. The company has made a management presentation, including an audio recording and t...
Rain Industries Gets Clean Audit for 2025 Results, Sets Virtual AGM for May
Feb 27, 2026
Rain Industries Limited’s board has approved the audited standalone, consolidated and segment financial results for the quarter and full year ended December 31, 2025, with statutory auditor S. R. Batliboi Associates LLP issuing an unmodifie...
Rain Industries Faces Exchange Query After Surge in Trading Volumes
Jan 29, 2026
The stock of Rain Industries Limited has seen a significant surge in trading volumes, drawing heightened attention in the market. In response, the stock exchange has sought clarification from the company to ensure investors have up-to-date, releva...
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.