Want to see IN:RAIN full AI Analyst Report?
Top Page
Rain Industries Limited
(RAIN)
Select Model
Select Model
Rating:49Neutral
Price Target:
₹204.00
▲(63.92% Upside)
Action:Reiterated
Date:08/11/26
The score is primarily held back by financial performance: volatile earnings, high leverage, and a sharp deterioration in 2025 cash generation with negative free cash flow. Technicals add modest pressure due to the stock trading below key short-term moving averages with weak momentum, while valuation is roughly neutral with a mid-range P/E and low dividend yield.
Positive Factors
Integrated multi-product manufacturing
RAIN’s integrated processing of pet coke and coal tar into CPC, pitch and chemical fractions creates by-product economics and product-mix optionality. This structural capability supports margin resilience, improves fixed-cost absorption and lets management shift output toward higher-value streams across cycles.
Negative Factors
Elevated leverage and persistent debt
Leverage consistently exceeding equity leaves limited balance-sheet cushion. High debt amplifies interest and refinancing risk, constrains capital allocation and reduces flexibility to absorb cyclical demand shocks or fund strategic investments without raising external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated multi-product manufacturing
RAIN’s integrated processing of pet coke and coal tar into CPC, pitch and chemical fractions creates by-product economics and product-mix optionality. This structural capability supports margin resilience, improves fixed-cost absorption and lets management shift output toward higher-value streams across cycles.
Read all positive factors
Rain Industries Limited (RAIN) vs. iShares MSCI India ETF (INDA)
Market Cap
₹67.34B
Dividend Yield0.51%
Average Volume (3M)46.05K
Price to Earnings (P/E)12.3
Beta (1Y)1.36
Revenue Growth17.02%
EPS GrowthN/A
CountryIN
Employees2,323
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)15.97
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)14.6
Revenue Forecast (FY)₹185.64B
Rain Industries Limited Business Overview & Revenue Model
Company Description
Rain Industries Limited is a vertically integrated global producer of carbon, cement, and advanced materials. The company's carbon segment converts byproducts from oil refining and steel production into products like Calcined Petroleum Coke (CPC) ...
How the Company Makes Money
RAIN makes money by producing and selling carbon materials and coal-tar-derived chemicals/specialty products, with revenue largely tied to volumes sold and market-linked pricing in its end markets.
1) Carbon segment revenues (core earnings driver...
Rain Industries Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
57
Neutral
Cash Flow
42
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 184.64B | 169.46B | 152.67B | 180.52B | 209.06B | 143.70B |
| Gross Profit | 58.11B | 50.53B | 27.21B | 31.01B | 74.67B | 56.47B |
| EBITDA | 28.48B | 21.89B | 15.22B | 11.11B | 36.27B | 25.53B |
| Net Income | 5.37B | 425.24M | -5.64B | -9.38B | 14.39B | 5.80B |
Balance Sheet | ||||||
| Total Assets | 227.65B | 207.60B | 189.37B | 200.09B | 221.73B | 186.52B |
| Cash, Cash Equivalents and Short-Term Investments | 16.16B | 15.30B | 19.11B | 21.82B | 14.83B | 13.55B |
| Total Debt | 107.95B | 98.24B | 84.94B | 86.90B | 97.31B | 84.89B |
| Total Liabilities | 144.92B | 130.69B | 121.12B | 122.43B | 133.90B | 122.86B |
| Stockholders Equity | 79.95B | 74.49B | 66.38B | 73.43B | 84.27B | 61.09B |
Cash Flow | ||||||
| Free Cash Flow | 8.80B | -3.31B | 12.90B | 24.68B | 3.67B | 2.86B |
| Operating Cash Flow | 10.94B | 1.30B | 19.43B | 30.63B | 10.36B | 8.34B |
| Investing Cash Flow | -3.39B | -5.04B | -2.12B | -6.96B | -6.63B | -5.27B |
| Financing Cash Flow | -10.72B | -1.49B | -17.71B | -21.15B | -3.96B | -7.40B |
Rain Industries Limited Technical Analysis
Neutral
124.45
Price Trends
206.81
Negative
180.09
Positive
154.95
Positive
Market Momentum
-2.43
Positive
40.12
Neutral
28.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAIN, the sentiment is Neutral. The current price of 124.45 is below the 20-day moving average (MA) of 214.32, below the 50-day MA of 206.81, and below the 200-day MA of 154.95, indicating a neutral trend. The MACD of -2.43 indicates Positive momentum. The RSI at 40.12 is Neutral, neither overbought nor oversold. The STOCH value of 28.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:RAIN.
Rain Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹42.51B | 45.57 | ― | 0.49% | 32.24% | 3.05% | |
64 Neutral | ₹184.41B | 18.98 | ― | 0.64% | 13.63% | 0.30% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹238.99B | 30.94 | ― | 0.45% | 8.20% | 29.06% | |
49 Neutral | ₹67.34B | 12.26 | ― | 1.60% | 17.02% | ― | |
46 Neutral | ₹159.50B | -7.50 | ― | 1.42% | 2.04% | -742.43% |
* General Sector Average
IN:RAIN
Rain Industries Limited
194.60
59.14
43.65%
IN:DEEPAKFERT
Deepak Fertilisers and Petrochemicals Corporation Ltd.
1,455.65
45.39
3.22%
IN:DEEPAKNTR
Deepak Nitrite Limited
1,751.55
-49.08
-2.73%
IN:FOSECOIND
Foseco India Limited
6,111.55
-311.39
-4.85%
IN:OCCLLTD
OCCL Limited
161.40
32.97
25.67%
IN:TATACHEM
Tata Chemicals Limited
644.10
-259.66
-28.73%
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.