āagman

Not investment advice. Data and computed figures, for information only.

Rain Industries Ltd

NSE: RAIN
₹224.53
−₹12.55 (−5.29%)
NSE · 15 Oct 2026, close
NSE
As of 31 Dec 2025
Market Cap
₹7,246 Cr
CMP
₹224.53
52-wk High / Low
₹252 / 100
P/E
13.5
P/B
0.9
Book Value
₹238.0
Div Yield
0.46%
ROCE
8.0%
ROE
0.6%
Face Value
₹2
D/E
1.32

Price+71.5% over 1Y

āagman read

Computed by āagman
Derived from 13 years and 14 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
1
/ 9
1 of 9 F-score tests passed
Graham Number
₹82
√(22.5 × EPS × book value per share)
ROIC
2.2%
vs 7.5% sector median
Cash flow to profit
6.60
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+436
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
0.6%
ROE × earnings retention ratio
ROE stability
11.3
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.37DII +0.13
Latest quarter vs the previous one
Cash-accrual divergence
−3.8%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.3x)
+Promoter holding rose by 0.2pp over the last year
+PE of 13.5x is below the sector median of 36.2x
Watch-outs
−Latest ROCE of 8% trails the sector median of 12%
−Borrowings are up 47.4% since FY2016 (7326 to 10795)
−Annualised volatility of 54.9% is in the high band (≥45%)
−Piotroski F-Score of 1/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,6274,1604,1013,6704,0943,9343,6763,7684,4014,4764,3014,5215,167
Expenses3,9823,7944,7123,3283,7253,7183,3303,3883,7723,8493,8003,8244,203
Operating Profit645366−612342369216346380629627501697964
OPM %13.9%8.8%−14.9%9.3%9.0%5.5%9.4%10.1%14.3%14.0%11.6%15.4%18.7%
Other Income33497354599937252837514633
Interest169242245235245234227224228237232238251
Depreciation196193195195186189237207225236254249245
Profit before tax313−20−979−34−2−108−82−2620419166256501
Net Profit207−66−1,079−116−45−155−134−1158313038158341
EPS (₹)4.92−2.68−33.26−4.34−2.32−5.33−4.80−4.091.803.150.403.618.81

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 13 years + TTM
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTMJun 2026TTM
Sales11,92110,2059,25811,30314,04912,36110,46514,52721,01118,14115,37416,94617,699—18,464
Expenses10,7168,8547,7279,03012,08310,8808,78712,16617,47417,20814,10014,80915,245—15,676
Operating Profit1,2051,3511,5312,2731,9661,4811,6772,3603,5379331,2742,1372,453—2,788
OPM %10.1%13.2%16.5%20.1%14.0%12.0%16.0%16.2%16.8%5.1%8.3%12.6%13.9%—15.1%
Other Income−1807299−6842156456193105180248141162—167
Interest620596631595457452491479524819941922936—959
Depreciation347328519526555594792798790776807922963—983
Profit before tax584984801,0849965918511,2762,327−482−226435716—1,014
Net Profit703023017926314625886941,577−796−450136409—667
EPS (₹)2.639.618.6522.7017.2911.6416.6017.2542.77−27.89−16.781.268.96—15.97

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Mar 2026Jun 2026Jun 2026
Equity Capital676767676767676767676767—67—
Reserves2,8792,8703,0983,8774,5554,8935,4666,0428,3607,2756,5707,382—7,927—
Borrowings7,6737,5967,3267,3327,7797,8458,8598,4899,7318,6908,4949,824—10,795—
Other Liabilities2,7342,5112,3543,1003,2973,1933,4713,8643,7873,9543,8033,486—3,976—
Total Liabilities13,35213,04412,84514,37615,69915,99817,86318,46321,94519,98718,93520,759—22,765—
Fixed Assets8,7128,5408,9238,6909,2619,49211,12410,93911,97711,35711,18412,543—12,630—
CWIP2694112264417951,362931791467432473336—389—
Investments261932351339151314172629—30—
Other Assets4,3454,0743,6645,2115,6315,1055,7936,7199,4878,1817,2527,852—9,716—
Total Assets13,35213,04412,84514,37615,69915,99817,86318,46321,94519,98718,93520,759—22,765—

Cash Flows

As of 31 Dec 2025
Consolidated · ₹ Cr
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

Ratios

As of 31 Dec 2025
12 periods
Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
ROCE %8.010.011.017.012.08.010.012.017.02.04.08.0
ROE %———————————0.6
EPS (₹)2.639.618.6522.7017.2911.6416.6017.2542.77−27.89−16.781.26
Book Value (₹)———————————238.0
Face Value (₹)———————————2
P/E———————————13.5
Div Yield %———————————0.46
NPM %0.62.93.27.04.53.75.44.77.5−4.3−2.90.8
OPM %10.013.017.020.014.012.016.016.017.05.08.013.0
D/E2.602.592.311.861.681.581.601.391.151.181.281.32
P/B———————————0.9

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+5.0%
5 years+10.0%
3 years−7.0%
TTM+17.0%
Compounded profit growth
10 years−18.0%
5 years−40.0%
3 years−69.0%
TTM+229.0%
Stock price CAGR
10 years+15.0%
5 years−2.0%
3 years+8.0%
Last year+65.0%
Return on equity
10 years6.0%
5 years2.0%
3 years−7.0%
Last year1.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters41.10%41.10%41.10%41.10%41.10%41.12%41.14%41.14%41.14%41.14%41.18%41.35%41.35%
FIIs18.07%18.07%18.07%19.96%15.15%14.33%13.90%14.36%17.82%8.76%10.65%8.06%7.69%
DIIs7.37%7.37%7.37%1.13%0.85%1.30%0.91%1.35%2.30%1.77%4.20%2.15%2.28%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.34%0.34%0.34%0.34%0.34%
Public33.46%33.46%33.46%37.81%42.90%43.26%44.05%43.15%38.40%47.98%43.63%48.10%48.34%
No. of shareholders41,60441,60441,6041,04,6091,40,6171,32,3011,47,7541,94,2551,92,3372,53,9472,11,2391,95,1801,74,417
Change since Jun 2023 (pp)
Promoters +0.25FIIs −10.38DIIs −5.09Public +14.88

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Board Meeting Intimation for Approval Of Un-Audited Financial Results (Standalone, Consolidated And Segment) Of The Company For The Third Quarter Ended September 30, 2026.Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Credit Rating
Annual reports
Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022Annual Report 2021
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTMay 2026TranscriptMay 2026RecordingMay 2026TranscriptMay 2026PPTMar 2026TranscriptMar 2026PPTNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 14 Aug 2026
14 Aug 2026DIVIDENDInterim Dividend - Re 1 Per Share—
13 Aug 2025DIVIDENDInterim Dividend - Re 1 Per Share—
20 Aug 2024DIVIDENDInterim Dividend - Re 1 Per Sh—
19 May 2023DIVIDENDInterim Dividend - Rs 1 Per Share—
11 Aug 2022DIVIDENDInterim Dividend - Rs 1 Per Share—
11 Nov 2021DIVIDEND Interim Dividend - Re 1 Per Share—
10 Nov 2020DIVIDEND Interim Dividend - Re 1 Per Share—
25 Nov 2019DIVIDEND Interim Dividend - Rs 1 Per Share—
26 Nov 2018DIVIDEND Interim Dividend - Re 1 Per Share—
3 May 2018DIVIDEND Annual General Meeting/ Dividend - Re 1 Per Share—
23 Aug 2017DIVIDEND Interim Dividend- Re 1/- Per Share—
25 Aug 2016DIVIDEND Interim Dividend - Rs 1/- Per Share—
27 Aug 2015DIVIDEND Interim Dividend - Re 1/- Per Share—
19 Nov 2014DIVIDENDInterim Dividend Re.1/- Per Share—
27 Nov 2013DIVIDENDInterim Dividend Re.1/- Per Share—
16 Apr 2013DIVIDENDAnnual General Meeting/ Dividend Of Rs.1.10 Per Share—
16 Apr 2012DIVIDENDAnnual General Meeting And Dividend - Rs.1.10 Per Share—
15 Jun 2011SPLITFace Value Split From Rs.10/- To Rs.2/-10 : 2
3 May 2011DIVIDENDAnnual General Meeting And Dividend - Rs. 4.60 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman