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Rain Industries Q1 FY27 Share Price & Earnings Call Analysis

₹196.37+1.15% today
Market cap
₹6,605 Cr
P/E
12.30
ROE
0.60%
PEG
-0.18
Price to sales
0.35
Debt to equity
1.35
52W high / low
₹243 / ₹101
Sales growth (5Y)
10.12%
EBITDA margin
15.10%
Net profit margin
0.80%
Promoter holding
41.35%
Sales (last year)
₹18,464 Cr

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]

Guidance scorecard · Q1 FY27 call

What Rain Industries's management guided
and where it ranks in Chemicals & Petrochemicals

Revenue10–20%MarginsFlatCapexWhat management saidFundraisingWhat management saidOrder bookWhat management said

RevenueQ4 FY26 call

10–20%
  • Steady increase in demand for CPC and CTP over the next 3-5 years driven by aluminium smelter restarts and selective brownfield expansions in North America, Europe, and Asia.
  • Growth is recovery-led and disciplined, supporting demand stability for carbon products.
  • Incremental volumes expected to remain stable and well-supported for the balance of 2026, underpinned by strong end-market fundamentals.
  • Recent Carbon segment volume improvement mainly due to higher utilization by existing customers, especially in primary aluminium.
  • Some selective incremental demand from Europe, including onboarding a new aluminium customer.

2 more points from Rain Industries's call on revenue

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Full Q4 FY26 analysis

MarginsQ4 FY26 call

Flat

See what Rain Industries said on margins — free account, 30 seconds.

Full Q4 FY26 analysis

CapexQ4 FY26 call

  • Continued focus on financial flexibility while deleveraging gross debt and managing refinancing opportunities to optimize long-term capital structure.
  • Targeted investments in multi-modal and flexible logistics infrastructure to optimize freight economics and operational flexibility.
  • Sustained, targeted R&D investment and focused innovation in Battery Anode Materials (BAM) and Energy Storage Materials (ESM), supported by government funding and joint development agreements.
  • Commissioning of a demonstration plant at the R&D center in Canada in mid-2025, operational through 2026 to support product development and process optimization.
Full Q4 FY26 analysis

FundraisingQ4 FY26 call

See what Rain Industries said on fundraising — free account, 30 seconds.

Full Q4 FY26 analysis

Order bookQ4 FY26 call

  • Market demand trends across Carbon, Advanced Materials, Cement, and other segments.
  • Volume expectations, which are stable and supported by strong end-market fundamentals.
  • Growth driven by steady demand rather than new large orders.
  • Incremental demand coming from aluminium smelter restarts and expansions regionally.

2 more points from Rain Industries's call on the order book

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Full Q4 FY26 analysis
Full Chemicals & Petrochemicals ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Chemicals & Petrochemicals
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Rain Industries rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Chemicals & Petrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 0–2%₹234 Cr3.0
240%+Flat₹3,888 Cr48.5
340%+Flat₹3,514 Cr4.3
440%+Flat₹180 Cr11.9
540%+Flat₹138 Cr15.1
620–40%Up 2%+₹1.70L Cr85.4

Sign up free to see every company in the sector ranking and track Rain Industries.

Pro shows every company guiding 40%+ revenue growth →Full Chemicals & Petrochemicals ranking

Financials of Rain Industries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Rain Industries

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +5,2534,6274,1604,1013,6704,0943,9343,6763,7684,4014,4764,3014,521
Expenses +4,7203,9823,7944,7123,3283,7253,7183,3303,3883,7723,8493,8003,824
Operating Profit534645366-612342369216346380629627501697
OPM %10%14%9%-15%9%9%6%9%10%14%14%12%15%
Other Income +25334973545999372528375146
Interest163169242245235245234227224228237232238
Depreciation193196193195195186189237207225236254249
Profit before tax203313-20-979-34-2-108-82-2620419166256
Tax %30%34%237%10%244%1,912%44%63%344%59%32%43%38%
Net Profit +142207-66-1,079-116-45-155-134-1158313038158
EPS in Rs3.134.92-2.68-33.26-4.34-2.32-5.33-4.80-4.091.803.150.403.61

Financials of Rain Industries

Profit & Loss

Annual income statement trend

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales +11,92110,2059,25811,30314,04912,36110,46514,52721,01118,14115,37416,94617,699
Expenses +10,7168,8547,7279,03012,08310,8808,78712,16617,47417,20814,10014,80915,245
Operating Profit1,2051,3511,5312,2731,9661,4811,6772,3603,5379331,2742,1372,453
OPM %10%13%17%20%14%12%16%16%17%5%8%13%14%
Other Income +-1807299-6842156456193105180248141162
Interest620596631595457452491479524819941922936
Depreciation347328519526555594792798790776807922963
Profit before tax584984801,0849965918511,2762,327-482-226435716
Tax %-21%39%37%27%37%22%31%46%32%65%99%69%
Net Profit +703023017926314625886941,577-796-450136409
EPS in Rs2.639.618.6522.7017.2911.6416.6017.2542.77-27.89-16.781.268.96
Dividend Payout %38%10%12%9%6%9%6%6%2%-4%-6%79%

Financials of Rain Industries

Balance Sheet

Capital structure and asset base

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Equity Capital676767676767676767676767
Reserves2,8792,8703,0983,8774,5554,8935,4666,0428,3607,2756,5707,382
Borrowings +7,6737,5967,3267,3327,7797,8458,8598,4899,7318,6908,4949,824
Other Liabilities +2,7342,5112,3543,1003,2973,1933,4713,8643,7873,9543,8033,486
Total Liabilities13,35213,04412,84514,37615,69915,99817,86318,46321,94519,98718,93520,759
Fixed Assets +8,7128,5408,9238,6909,2619,49211,12410,93911,97711,35711,18412,543
CWIP2694112264417951,362931791467432473336
Investments261932351339151314172629
Other Assets +4,3454,0743,6645,2115,6315,1055,7936,7199,4878,1817,2527,852
Total Assets13,35213,04412,84514,37615,69915,99817,86318,46321,94519,98718,93520,759

Financials of Rain Industries

Cash Flows

Operating, investing and financing cash movement

Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity +1,2911,2381,5678681,7062,2401,8238341,0363,0631,943897
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%

Financials of Rain Industries

Ratios

Working capital efficiency and return ratios

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%

Guidance history

How Rain Industries's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q4 FY26 call →10–20%Flat———
Q3 FY26 call →10–20%FlatPlannedNone planned—

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

39out of 100

Momentum score · price trend

39 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+47.1%85%
Last 6 months+53.9%91%
Last 3 months−14.4%33%

The price is 56.1% below its all-time high of ₹447.6 (12 Jan 2018). Stocks more than 20% below their peak have their score halved, so 77 became 39.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Rain Industries: 0.4 × 85 + 0.4 × 91 + 0.2 × 33 = 77, halved to 39 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Rain Industries's management said in earlier quarters

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