MarketFriction

Rain Industries Ltd

NSE RAIN · BSE 500339 · Petrochemicals
₹208.52 -2.53%
NSE close2026-10-01
52 week range99.90 - 252.00
Market cap₹7,245 Cr.
P/E13.5
Results 06-11 Microcap 250 Price band 20% Delivery 42.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,1604,1013,6704,0943,9343,6763,7684,4014,4764,3014,5215,167
Expenses3,7944,7123,3283,7253,7183,3303,3883,7723,8493,8003,8244,203
Operating Profit366-612342369216346380629627501697964
OPM %9%-15%9%9%6%9%10%14%14%12%15%19%
Other Income497354599937252837514633
Interest242245235245234227224228237232238251
Depreciation193195195186189237207225236254249245
Profit before tax-20-979-34-2-108-82-2620419166256501
Tax %237%10%244%1,912%44%63%344%59%32%43%38%32%
Net Profit-66-1,079-116-45-155-134-1158313038158341
EPS in Rs-2.68-33.26-4.34-2.32-5.33-4.80-4.091.803.150.403.618.81
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales10,2059,25811,30314,04912,36110,46514,52721,01118,14115,37416,94618,464
Expenses8,8547,7279,03012,08310,8808,78712,16617,47417,20814,10014,80915,676
Operating Profit1,3511,5312,2731,9661,4811,6772,3603,5379331,2742,1372,788
OPM %13%17%20%14%12%16%16%17%5%8%13%15%
Other Income7299-6842156456193105180248141167
Interest596631595457452491479524819941922959
Depreciation328519526555594792798790776807922983
Profit before tax4984801,0849965918511,2762,327-482-2264351,014
Tax %39%37%27%37%22%31%46%32%65%99%69%
Net Profit3023017926314625886941,577-796-450136667
EPS in Rs9.618.6522.7017.2911.6416.6017.2542.77-27.89-16.781.2615.97
Dividend Payout %10%12%9%6%9%6%6%2%-4%-6%79%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%10%-7%17%
Compounded Profit Growth-18%-40%-69%229%
Stock Price CAGR17%-2%10%68%
Return on Equity6%2%-7%1%
Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital676767676767676767676767
Reserves2,8703,0983,8774,5554,8935,4666,0428,3607,2756,5707,3827,927
Borrowings7,5967,3267,3327,7797,8458,8598,4899,7318,6908,4949,82410,795
Other Liabilities2,5112,3543,1003,2973,1933,4713,8643,7873,9543,8033,4863,976
Total Liabilities13,04412,84514,37615,69915,99817,86318,46321,94519,98718,93520,75922,765
Fixed Assets8,5408,9238,6909,2619,49211,12410,93911,97711,35711,18412,54312,630
CWIP4112264417951,362931791467432473336389
Investments193235133915131417262930
Other Assets4,0743,6645,2115,6315,1055,7936,7199,4878,1817,2527,8529,716
Total Assets13,04412,84514,37615,69915,99817,86318,46321,94519,98718,93520,75922,765
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity1,2911,2381,5678681,7062,2401,8238341,0363,0631,943897
Cash from Investing Activity-382-531-504-539-1,038-1,265-798-510-576-711-257-267
Cash from Financing Activity-883-795-887-520-619-653-600-740-396-2,115-1,771-1,025
Net Cash Flow26-88176-19249322425-41765237-84-395
Free Cash Flow8977451,0874285521,0487633273692,4701,294441
CFO/OP121%103%122%56%109%171%123%52%45%365%172%54%
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days424341544233384343444144
Inventory Days8111210513411295118124146104126137
Days Payable537163776343626950446347
Cash Conversion Cycle70848311190849598139104104134
Working Capital Days323529-494629215464532745
ROCE %8%10%11%17%12%8%10%12%17%2%4%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters41.14%41.14%41.14%41.14%41.14%41.14%41.18%41.19%41.19%41.19%41.35%41.35%
FIIs16.32%12.09%8.76%8.40%10.07%10.48%10.65%10.82%10.40%8.54%8.06%8.02%
DIIs0.26%0.34%1.77%2.61%2.93%3.16%4.20%4.85%4.62%4.87%2.15%2.67%
Government0.34%0.34%0.34%0.34%0.34%0.34%0.34%0.34%0.34%0.34%0.34%0.34%
Public41.96%46.08%47.98%47.50%45.51%44.88%43.63%42.81%43.44%45.06%48.10%47.62%
No. of Shareholders2,14,3112,30,6042,53,9472,46,3442,30,8792,15,0502,11,2392,04,7952,01,6461,99,2611,95,1801,92,433

Fundamentals

Market Cap₹ 7,245 Cr.
Current Price₹ 215
Stock P/E13.5
Book Value₹ 238
ROCE8.26 %
ROE0.60 %
Dividend Yield0.46 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)229%
Consolidated figures.
Valuation
Market capRs 7,013 Cr
Enterprise valueRs 15,311 Cr
P/E (TTM)13.06x
Price to book0.94x
Price to sales0.38x
EV / EBITDA5.18x
EV / EBIT7.76x
EV / sales0.83x
Price to cash flow7.82x
Earnings yield7.66%
Dividend yield0.48%
P/E, 3-year average114.65x
P/B, 3-year average0.74x
P/E, 5-year average44.18x
P/B, 5-year average0.84x
Profitability
Operating margin (excl. other income)12.61%
Operating margin (incl. other income)13.44%
EBITDA margin16.01%
Pre-tax margin5.49%
Net profit margin2.91%
Net margin, latest quarter5.73%
ROE0.60%
ROCE8.37%
ROA0.21%
ROE, 3-year average-6.45%
ROCE, 3-year average4.98%
ROA, 3-year average-2.39%
ROE, 5-year average2.08%
ROCE, 5-year average8.89%
ROA, 5-year average0.63%
ROIC (approx.)3.92%
Tax rate68.73%
Other income / net worth1.89%
Growth
Sales growth (latest year)10.22%
Sales CAGR, 3 years-6.92%
Sales CAGR, 5 years10.12%
Profit CAGR, 3 years-69.08%
Profit CAGR, 5 years-40.25%
Sales growth QoQ14.30%
Profit growth QoQ143.91%
Sales growth YoY (latest quarter)17.40%
Profit growth YoY (latest quarter)387.99%
Per share
EPS (TTM)Rs 15.97
EPS (latest year)Rs 1.26
EPS (latest quarter)Rs 8.81
EPS, 3-year averageRs -14.47
EPS, 5-year averageRs 3.32
Book value per shareRs 221.47
Sales per shareRs 548.97
Cash flow per shareRs 26.68
Free cash flow per shareRs 13.11
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 1.00
Dividends
Dividend payout79.12%
Dividend payout, 3-year average79.12%
Dividend payout, 5-year average29.08%
Efficiency
Asset turnover0.82x
Fixed asset turnover1.35x
Inventory turnover3.16x
Inventory days116 days
Debtor days44 days
Debtors turnover8.26x
Creditor days47 days
Cash conversion cycle134 days
Working capital days45 days
Leverage
Total debtRs 9,824 Cr
Cash and bankRs 1,526 Cr
Net debtRs 8,298 Cr
Debt to equity1.32x
Net debt / EBITDA2.81x
Interest coverage2.06x
Current ratio (filing 2026-06-30)1.78x
Quick ratio (filing 2026-06-30)0.87x
Trade payables (filing 2026-06-30)Rs 1,472 Cr
Owners' fund to total sources35.88%
Debt to assets47.32%
Cash flow
Cash from Operating Activity (latest year)Rs 897 Cr
Cash from Investing Activity (latest year)Rs -267 Cr
Cash from Financing Activity (latest year)Rs -1,025 Cr
Net Cash Flow (latest year)Rs -395 Cr
Free cash flow (latest year)Rs 441 Cr
FCFE (approx.: FCF + change in debt)Rs 1,771 Cr
Cash from ops / profit, 5 years6.70x
Sales to cash flow18.89x
Statement figures
Net sales (TTM)Rs 18,464 Cr
Net sales (latest year)Rs 16,946 Cr
Sales (latest quarter)Rs 5,167 Cr
Operating profit excl. other income (latest year)Rs 2,137 Cr
Operating profit (latest quarter)Rs 964 Cr
Other income (TTM)Rs 167 Cr
EBITDA (TTM)Rs 2,955 Cr
PBDT (TTM)Rs 1,997 Cr
Profit before tax (TTM)Rs 1,014 Cr
Tax (latest year)Rs 299 Cr
Net profit (TTM)Rs 537 Cr
Net profit (latest year)Rs 43 Cr
Net profit (latest quarter)Rs 296 Cr
Depreciation (TTM)Rs 983 Cr
Depreciation (latest quarter)Rs 245 Cr
Interest (TTM)Rs 959 Cr
Cost of goods sold (latest year)Rs 11,448 Cr
Total expenditure (latest year)Rs 14,809 Cr
Total income (latest year)Rs 17,087 Cr
Share capitalRs 67 Cr
ReservesRs 7,382 Cr
Shareholders' fundsRs 7,449 Cr
Total assetsRs 20,759 Cr
Net blockRs 12,543 Cr
Capital work in progressRs 336 Cr
InvestmentsRs 29 Cr
ReceivablesRs 2,053 Cr
InventoryRs 3,623 Cr
Other liabilitiesRs 3,486 Cr
Shares outstanding (crore)33.63
Ownership
Promoter holding41.35% (+0.16 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 13.1 is at the 73th percentile of its own 7.8-year range (median 9.8, low 3.4, high 117.6).
P/B 0.94 is at the 62th percentile (median 0.81).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRAINNifty 50Difference
1 week-4.4%-2.8% -1.7 pts
1 month+1.0%-6.8% +7.7 pts
3 months+11.1%-7.6% +18.7 pts
6 months+95.8%+0.4% +95.4 pts
1 year+53.8%-9.9% +63.7 pts
2 years+18.2%-13.6% +31.8 pts
3 years+27.2%+14.2% +13.0 pts
5 years-14.3%+27.9% -42.2 pts
10 mutual fund schemes hold about ₹199 Cr. Over three months 1 bought more and 4 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Multi Cap Fund0.49%96 -10%
ICICI Pru Multi Cap Fund0.49%92 -10%
Motilal Oswal Nifty Microcap 250 Index Fund0.39%10 -10%
Samco Multi Cap Fund0.32%1 +168%
Groww Nifty Total Market Index Fund0.02%0 -5%
Angel One Nifty Total Market Index Fund0.02%0 -5%
Mirae Asset Nifty Total Market Index Fund0.02%0 -5%
Bandhan Nifty Total Market Index Fund0.02%0 -5%
Motilal Oswal BSE 1000 Index Fund0.02%0 -5%
Samco Small Cap Fund0.00%0 -100%

Red flags

F-score 7 of 8
explainLow interest cover Interest cover 1.5x in 2025
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹5,167 Cr +17.4% vs Jun 2025. Net profit ₹341 Cr +310.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-14Interim Dividend - Re 1 Per Share
2025-08-13Interim Dividend - Re 1 Per Share
2024-08-20Interim Dividend - Re 1 Per Sh
2023-05-19Interim Dividend - Rs 1 Per Share
2022-08-11Interim Dividend - Rs 1 Per Share
2022-04-29Annual General Meeting
2021-11-11 Interim Dividend - Re 1 Per Share
2021-04-30 Annual General Meeting
2020-11-10 Interim Dividend - Re 1 Per Share
2020-05-05 Annual General Meeting
2019-11-25 Interim Dividend - Rs 1 Per Share
2019-04-26 Annual General Meeting
2018-11-26 Interim Dividend - Re 1 Per Share
2018-05-03 Annual General Meeting/ Dividend - Re 1 Per Share
2017-08-23 Interim Dividend- Re 1/- Per Share
2017-04-26 Annual General Meeting
2016-08-25 Interim Dividend - Rs 1/- Per Share
2016-04-27 Annual General Meeting
2015-08-27 Interim Dividend - Re 1/- Per Share
2015-06-02Annual General Meeting
2014-11-19Interim Dividend Re.1/- Per Share
2014-04-28Annual General Meeting
2013-11-27Interim Dividend Re.1/- Per Share
2013-04-16Annual General Meeting/ Dividend Of Rs.1.10 Per Share
2012-04-16Annual General Meeting And Dividend - Rs.1.10 Per Share
2011-06-15Face Value Split From Rs.10/- To Rs.2/-0.2000
2011-05-03Annual General Meeting And Dividend - Rs. 4.60 Per Share
2010-05-31Agm/Div-Rs.3.70 Per Share
2009-06-08Agm/Div-Rs.3.70 Per Share
2008-06-16Agm/Dividend - 28%
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsHigh low price variation greater than 150perc in previous 12 months

Quick answers

What is the market cap of Rain Industries Ltd?

Rain Industries Ltd (RAIN) has a market capitalisation of Rs 7,245 Cr. at the 2026-10-01 close.

What is the P/E ratio of Rain Industries Ltd?

Rain Industries Ltd trades at a P/E of 13.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Rain Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Rain Industries Ltd sales was Rs 5,167 Cr (+17.4% vs Jun 2025) and net profit was Rs 341 Cr.

What is the 52-week high and low of Rain Industries Ltd?

The 52-week high is Rs 252.00 and the 52-week low is Rs 99.90.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03