Rain Industries Ltd (NSE:RAIN) (2024)

FAQs

Is it good to buy Rain Industries share? ›

Buy: Rain Industries Ltd. Rain Industries reported significantly better than expected profitability in Q3CY17 results with EBITDA 43.5% above our estimate on the back of stronger than expected profitability in Carbon Products. Carbon Products EBITDA grew to Rs6. 3 bn (+83.3% YoY, +58.3% QoQ).

RAIN remains optimistic about the future and is taking proactive steps to improve the performance. While the current landscape continues to pose challenges, we continue to actively pursue strategies in all parts of our Company to ensure a brighter future for RAIN.

Rain Industries Intraday Analysis

Stock shows bullish momentum as indicated by VWAP above previous close & rising moving averages. High trading volume suggests strong investor interest.

Rain Industries' CEO is N. Reddy, appointed in Mar 2019, has a tenure of 5.5 years. directly owns 25.54% of the company's shares, worth ₹14.81B. The average tenure of the management team and the board of directors is 3.8 years and 6.6 years respectively.

Shares of Rain Industries Ltd fell over 11% in early trade on Monday after the chemical industry firm reported a consolidated net loss of Rs 1118.75 crore in the quarter ended December 2023 as against net profit of Rs 89.52 crore during the previous quarter ended December 2022.

Importantly, Rain Industries Limited (NSE:RAIN) does carry debt.

He invested in Rain industries back in 2015. Pabrai was first attracted to Rain Industries because the stock was cheap. He later declared that it was trading at a price to earnings (PE) multiple of 1, putting it in that rare bucket of super cheap value stocks.

The intrinsic value of one RAIN stock under the Base Case scenario is 358.37 INR. Compared to the current market price of 172.4 INR, Rain Industries Ltd is Undervalued by 52%.

Further, in the far future, extreme rainfall thresholds are projected to be 21 percent more than the baseline under the high emissions scenario, whereas it is 6 percent in the mid-emissions scenario.

Which country company is rain? ›

Rain Industries Limited (RAIN) was incorporated on March 15, 1974 under the Companies Act, 1956. 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.

What is the market cap of Rain Industries Ltd? Rain Industries Ltd has a market capitalisation of ₹ 6,221 Cr as on 13-Sep-2024. As per Value Research classification, it is a Small Cap company.

Based on these technical signals, SMIFS advises investors to buy Rain Industries in the price range of ₹150– ₹140, with a stop-loss set at a closing price below ₹120.

We have longstanding relationships with most of our major customers, including several of the largest companies in the global aluminium, graphite and specialty chemicals industries, and with most of our major raw material suppliers, including several of the world's largest oil refiners and steel producers.

RAIN operates in three key business verticals: carbon, chemicals and cement.