Rain Industries Ltd
NSE: RAIN BSE: 500339Cement
Rain Industries Limited (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. [1]
₹153
52W: ₹99.8 — ₹176
PE 388 · Book ₹26.9 · +469% vs bookMarket Cap₹5,134 Cr
Stock P/E388Price to Earnings
ROCE2.31%Return on Capital
ROE1.03%Return on Equity
Div. Yield0.66%Face Value ₹2
Strengths
- +Company has been maintaining a healthy dividend payout of 169%
Weaknesses
- −Stock is trading at 5.70 times its book value
- −Company has low interest coverage ratio.
- −Tax rate seems low
- −Company has a low return on equity of 3.68% over last 3 years.
- −Earnings include an other income of Rs.12.8 Cr.
Shareholding Pattern
Promoters41.35%
FIIs8.06%
DIIs2.15%
Public48.1%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 41.14% | 41.14% | 41.14% | 41.18%▲0.0 | 41.19%▲0.0 | 41.19% | 41.19% | 41.35%▲0.2 |
| FIIs | 8.4% | 10.07%▲1.7 | 10.48%▲0.4 | 10.65%▲0.2 | 10.82%▲0.2 | 10.4%▼0.4 | 8.54%▼1.9 | 8.06%▼0.5 |
| DIIs | 2.61% | 2.93%▲0.3 | 3.16%▲0.2 | 4.2%▲1.0 | 4.85%▲0.6 | 4.62%▼0.2 | 4.87%▲0.3 | 2.15%▼2.7 |
| Public | 47.5% | 45.51%▼2.0 | 44.88%▼0.6 | 43.63%▼1.3 | 42.81%▼0.8 | 43.44%▲0.6 | 45.06%▲1.6 | 48.1%▲3.0 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 34.78 | 27.06 | 30.42 | 42.67 | 41.31 | 36.99 | 24.31 | 24.56 | 44.77 | 41.59 |
| Expenses | 36.58 | 27.86 | 30.02 | 42.58 | 41.55 | 36.87 | 20.75 | 20 | 40.75 | 37.48 |
| Operating Profit | -1.8 | -0.8 | 0.4 | 0.09 | -0.24 | 0.12 | 3.56 | 4.56 | 4.02 | 4.11 |
| OPM % | -5.18% | -2.96% | 1.31% | 0.21% | -0.58% | 0.32% | 14.64% | 18.57% | 8.98% | 9.88% |
| Net Profit | -4.55 | -3.4 | -3.33 | 29.54 | 16.13 | -2.66 | 0.21 | 11.27 | 0.63 | 1.12 |
| EPS ₹ | -0.14 | -0.1 | -0.1 | 0.88 | 0.48 | -0.08 | 0.01 | 0.34 | 0.02 | 0.03 |
AI Insights
Revenue Trend
TTM revenue at ₹135Cr, up 3.1% YoY. OPM at 12%.
Debt Position
Borrowings at ₹170Cr. Debt-to-equity ratio: 0.20x. Healthy balance sheet.
Institutional Flow
DIIs: 2.15% (+1.92pp change). FIIs: 8.06% (-9.02pp change). Promoters hold 41.35%.
Margin & Efficiency
ROCE declining from 10% (Dec 2014) to 2% (Dec 2025). Working capital days: -70.
Valuation
PE 388x with 2.31% ROCE. Price is 469% above book value of ₹26.9. Dividend yield: 0.66%.
Recent Announcements
- Rain Industries Limited - Management Commentary On Un-Audited Financial Results Of The Company (Standalone, Consolidated And Segment) For The First Quarter Ended March 31, 2026 14 May - Q1 2026 management commentary covers demand, pricing, R&D, Europe, India CPC blending, and segment outlook.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 12 May
- Shareholder Meeting / Postal Ballot-Outcome of AGM 12 May - Rain Industries held its 51st AGM on May 12, 2026; shareholders approved audited results, Rs.1 dividend, and director reappointment.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 9 May - Rain Industries Limited - News paper clippings of publication of Un-Audited Financial Results (Standalone, Consolidated and segment) for the First Quarter ended March 31, 2026
- Rain Industries Limited-Management Presentation On Un-Audited Financial Results Of The Company (Standalone, Consolidated And Segment) For The First Quarter Ended March 31, 2026 8 May - Q1 FY2026 presentation: revenue ₹45.21 billion, adjusted EBITDA ₹7.15 billion, released May 8, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse