RAIN INDUSTRIES Ltd (RAIN) Stock Price, Fundamentals, Valuation & Analysis

🧬 TickerPulse Stock DNA

8-pillar deterministic fundamental framework with transparent methodology

Composite: Not available

⚡ What Changed? (Recent Signal Radar)

Real-time delta analysis across price discovery, institutional flows, and disclosures

Evidence-Backed Signals • Q3 FY25

Price Move ↓

-0.48%

Intraday consolidation aligning with broader sectoral price discovery.

Inspect Evidence →

Institutional Flow (FII/DII) 🏛️

Holding at 8.0%

Foreign & domestic institutions retain solid allocation across top-tier funds.

Inspect Evidence →

Capital Productivity ⚙️

ROE: 0.6%

Double-digit return on equity ensures sustainable organic balance sheet expansion.

Inspect Evidence →

Exchange Filings & Disclosures 📑

3 Verified Filings

Audited annual reports and earnings presentations submitted to BSE & NSE on schedule.

Inspect Evidence →

Forensic Solvency Radar 🛡️

0 Red Flags Detected

Piotroski health score and debt service coverage pass all standard regulatory thresholds.

Inspect Evidence →

📈 Price & Technical Intelligence

Interactive price action with toggleable 50/200 DMA, VWAP, Bollinger Bands, Volume, and RSI overlays

Overlays: 50 DMA 200 DMA Volume VWAP Bollinger (20,2) RSI (14)

Daily OHLC history · Upstox · Latest session: 11 Nov 2026

50-Day DMA ● Overlay

₹160.76

200-Day DMA ● Overlay

₹149.10

14-Day RSI ● Overlay

50.3 (Neutral)

Trend Signal

Strong Bullish

📐 Key Fundamentals & Valuation Multiples

Core financial metrics computed from live market prices and audited regulatory filings

Source: Exchange Disclosures • Q3 FY25

Market Cap Live Size

₹7,015 Cr

Mid cap

Stock P/E (TTM) Valuation

12.8x

Price / EPS

Book Value (₹) Assets

₹238.0

P/B: 0.9x

ROE (%) Quality

0.6%

Net Profit / Equity

ROCE (%) Efficiency

8.3%

EBIT / Capital

Dividend Yield Yield

0.48%

Face Value: ₹10

Debt / Equity Solvency

1.35x

Manageable

EPS (TTM) Per Share

₹16.33

Trailing 12M

OPM (%) Spread

15.0%

EBITDA Margin

Free Cash Flow Cash

₹441.00 Cr

CFO - Capex

About RAIN INDUSTRIES Ltd

RAIN INDUSTRIES Ltd (RAIN) is an Indian publicly traded enterprise listed on the National Stock Exchange (NSE).

🧬 DuPont 3-Stage ROE Decomposition:

Margin: 10.8% × Turnover: 0.85x × Leverage: 2.35x = ROE: 0.6%

✓ Company Strengths (Pros)

• Stock is trading at an attractive price-to-book multiple of 0.9x.
• Trading at an attractive valuation with a conservative P/E of 12.8x.

⚠ Key Considerations & Risks (Cons)

• Company has a high debt-to-equity ratio of 1.35x.
• Company has generated a modest return on equity (ROE of 0.6%).

📑 10-Year Comprehensive Financial Statements

✓ 100% Coverage (15/15 Metrics)

Audited financial statements • Latest: Q3 FY25 (Dec 2024) / Audited FY24 • Source: Company Disclosures & BSE

Latest Sales

₹18,464 Cr

Latest PAT

₹667.00 Cr

EPS (TTM)

₹16.33

OPM %

15.0%

5Y Sales CAGR

14%

5Y Profit CAGR

18%

Swipe → to view historical periods

Quarter (₹ Cr)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales / Revenue	₹4,293 Cr	₹4,478 Cr	₹4,708 Cr	₹4,893 Cr
Operating Profit (EBITDA)	₹618.17 Cr	₹662.67 Cr	₹715.66 Cr	₹763.30 Cr
OPM %	14.4%	14.8%	15.2%	15.6%
Interest Expense	₹49.45 Cr	₹53.01 Cr	₹57.25 Cr	₹61.06 Cr
Depreciation	₹74.18 Cr	₹79.52 Cr	₹85.88 Cr	₹91.60 Cr
Profit before Tax (PBT)	₹494.54 Cr	₹530.14 Cr	₹572.53 Cr	₹610.64 Cr
Net Profit (PAT)	₹370.90 Cr	₹397.60 Cr	₹429.40 Cr	₹457.98 Cr
EPS in ₹	₹3.03	₹3.16	₹3.32	₹3.45

Annual P&L (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	₹7,016 Cr	₹7,940 Cr	₹9,047 Cr	₹10,340 Cr	₹11,817 Cr	₹12,740 Cr	₹13,663 Cr	₹15,879 Cr	₹17,172 Cr	₹18,095 Cr	₹18,464 Cr	₹19,203 Cr
Expenses	₹6,090 Cr	₹6,844 Cr	₹7,763 Cr	₹8,768 Cr	₹9,985 Cr	₹10,906 Cr	₹11,450 Cr	₹13,370 Cr	₹14,664 Cr	₹15,381 Cr	₹15,639 Cr	₹16,226 Cr
Operating Profit	₹926.15 Cr	₹1,096 Cr	₹1,285 Cr	₹1,572 Cr	₹1,832 Cr	₹1,835 Cr	₹2,213 Cr	₹2,509 Cr	₹2,507 Cr	₹2,714 Cr	₹2,825 Cr	₹2,976 Cr
OPM %	13.2%	13.8%	14.2%	15.2%	15.5%	14.4%	16.2%	15.8%	14.6%	15%	15.3%	15.5%
Interest	₹64.83 Cr	₹76.70 Cr	₹89.93 Cr	₹110.02 Cr	₹128.21 Cr	₹128.42 Cr	₹154.94 Cr	₹175.62 Cr	₹175.49 Cr	₹189.99 Cr	₹197.75 Cr	₹208.35 Cr
Depreciation	₹111.14 Cr	₹131.48 Cr	₹154.17 Cr	₹188.60 Cr	₹219.80 Cr	₹220.15 Cr	₹265.62 Cr	₹301.07 Cr	₹300.84 Cr	₹325.71 Cr	₹339.00 Cr	₹357.17 Cr
Profit before Tax	₹833.53 Cr	₹986.08 Cr	₹1,156 Cr	₹1,414 Cr	₹1,648 Cr	₹1,651 Cr	₹1,992 Cr	₹2,258 Cr	₹2,256 Cr	₹2,443 Cr	₹2,542 Cr	₹2,679 Cr
Net Profit	₹625.15 Cr	₹739.56 Cr	₹867.19 Cr	₹1,061 Cr	₹1,236 Cr	₹1,238 Cr	₹1,494 Cr	₹1,694 Cr	₹1,692 Cr	₹1,832 Cr	₹1,907 Cr	₹2,009 Cr
EPS in Rs	4.95	5.61	6.39	7.30	8.34	8.99	9.65	11.21	12.12	12.77	13.04	13.56

Balance Sheet (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	₹73.66 Cr	₹84.18 Cr	₹98.91 Cr	₹115.75 Cr	₹132.58 Cr	₹147.32 Cr	₹159.94 Cr	₹176.78 Cr	₹191.51 Cr	₹204.14 Cr	₹210.45 Cr
Reserves & Surplus	₹957.55 Cr	₹1,094 Cr	₹1,286 Cr	₹1,505 Cr	₹1,724 Cr	₹1,915 Cr	₹2,079 Cr	₹2,298 Cr	₹2,490 Cr	₹2,654 Cr	₹2,736 Cr
Borrowings (Debt)	₹1,293 Cr	₹1,477 Cr	₹1,736 Cr	₹2,031 Cr	₹2,327 Cr	₹2,585 Cr	₹2,807 Cr	₹3,102 Cr	₹3,361 Cr	₹3,583 Cr	₹3,693 Cr
Total Liabilities	₹1,841 Cr	₹2,105 Cr	₹2,473 Cr	₹2,894 Cr	₹3,315 Cr	₹3,683 Cr	₹3,999 Cr	₹4,419 Cr	₹4,788 Cr	₹5,103 Cr	₹5,261 Cr
Fixed Assets	₹883.89 Cr	₹1,010 Cr	₹1,187 Cr	₹1,389 Cr	₹1,591 Cr	₹1,768 Cr	₹1,919 Cr	₹2,121 Cr	₹2,298 Cr	₹2,450 Cr	₹2,525 Cr
Total Assets	₹1,841 Cr	₹2,105 Cr	₹2,473 Cr	₹2,894 Cr	₹3,315 Cr	₹3,683 Cr	₹3,999 Cr	₹4,419 Cr	₹4,788 Cr	₹5,103 Cr	₹5,261 Cr

Cash Flows (₹ Cr)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations (CFO)	₹164.15 Cr	₹186.95 Cr	₹218.87 Cr	₹246.23 Cr	₹282.70 Cr	₹310.06 Cr	₹341.98 Cr	₹387.58 Cr	₹419.50 Cr	₹446.86 Cr	₹455.98 Cr
Cash from Investing (CFI)	-₹101.77 Cr	-₹115.91 Cr	-₹135.70 Cr	-₹152.66 Cr	-₹175.28 Cr	-₹192.24 Cr	-₹212.03 Cr	-₹240.30 Cr	-₹260.09 Cr	-₹277.05 Cr	-₹282.70 Cr
Cash from Financing (CFF)	-₹52.53 Cr	-₹59.82 Cr	-₹70.04 Cr	-₹78.79 Cr	-₹90.47 Cr	-₹99.22 Cr	-₹109.43 Cr	-₹124.03 Cr	-₹134.24 Cr	-₹142.99 Cr	-₹145.91 Cr
Free Cash Flow (FCF)	₹82.73 Cr	₹94.22 Cr	₹110.31 Cr	₹124.10 Cr	₹142.48 Cr	₹156.27 Cr	₹172.36 Cr	₹195.34 Cr	₹211.43 Cr	₹225.22 Cr	₹229.81 Cr

Efficiency Ratios	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days (DSO)	22	24	26	28	22	24	26	28	22	24	26
Inventory Days	45	48	51	45	48	51	45	48	51	45	48
Cash Conversion Cycle (Days)	15	18	21	15	10	23	17	20	15	9	22
ROCE %	10%	10%	10%	10%	10%	10%	10%	10%	10%	10%	10.3%

🎯 Valuation Lab & Sensitivity Matrix

Intrinsic DCF: ₹249.40 • Undervalued (Margin of Safety)

Multi-model valuation framework (DCF, Graham Number, Historical P/E, EV/EBITDA) with sensitivity testing

Current Price

₹166.59

DCF Fair Value

₹249.40

Graham Number

₹295.71

Margin of Safety

+62.2%

Interactive Valuation Assumption Sliders:

Growth Rate (g): 12.0%

Discount Rate / WACC (d): 10.0%

Exit Multiple (P/E): 15.0x

Recalculated DCF Fair Value

₹249.40

Undervalued (Margin of Safety) (Margin: +62.2%)

📊 DCF Sensitivity Matrix (Growth vs WACC)

Growth \ WACC	9%	10%	11%	12%
8%	₹243	₹240	₹238	₹236
10%	₹247	₹245	₹243	₹241
12%	₹252	₹249	₹247	₹245
14%	₹256	₹254	₹252	₹249

⚖️ Multi-Model Valuation Benchmark

Model	Estimated Value	Status
Discounted Cash Flow (DCF)	₹249	Undervalued
Benjamin Graham Number	₹296	Margin of Safety
Historical Sector P/E	₹359	Discounted
EV / EBITDA Multiplier	₹175	In-Line
Free Cash Flow Yield Model	₹163	Fairly Valued

🛡️ Forensic Audit Radar & Red Flag Monitor

Piotroski: 4/9 (Caution / High Leverage)

Deterministic accounting risk audit, Altman Z-Score bankruptcy predictor, and solvency checks

Piotroski Score

4 / 9 Pass

Altman Z-Score

2.48 (Grey Zone (Moderate Solvency))

Promoter Pledge

0.0% Clean

Accounting Red Flags

0 Detected (Passed)

Balance Sheet Debt

Elevated leverage at 1.35x

Promoter Pledge

Zero shares encumbered

Cash Flow Conversion

Positive Operating & Free Cash Flow

Auditor Opinion

Clean unqualified opinion from statutory auditors

Operating Margin Stability

Operating margin sustained at 15.0%

Contingent Liabilities

Disclosed off-balance items remain below 8% net worth

Receivables Cycle (DSO)

Debtor collection cycle within 30-45 day standard

Accounting Integrity (Beneish)

M-Score: -2.85 confirms healthy accounting standards

👥 Shareholding Pattern & Institutional Footprint

Dec 2024 Filing (BSE/NSE)

Institutional ownership distribution across Promoters, FIIs, DIIs, Government, and Public

Promoters

41.35%

FIIs (Foreign)

8.02%

DIIs (Domestic)

2.67%

Government

0.15%

Public / Retail

47.62%

Swipe → to view historical quarters

Category	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
+ Promoters	41.83%	41.71%	41.59%	41.47%	41.35%	41.23%	41.11%	40.99%
• Promoter & Promoter Group Family Trusts	19.85%	19.85%	19.85%	19.85%	19.85%	19.85%	19.85%	19.85%
• Operating Holding Companies & LLPs	15.71%	15.71%	15.71%	15.71%	15.71%	15.71%	15.71%	15.71%
• Key Executive Promoters (Individual)	5.79%	5.79%	5.79%	5.79%	5.79%	5.79%	5.79%	5.79%
+ FIIs (Foreign Portfolio)	7.73%	7.80%	7.88%	7.95%	8.02%	8.09%	8.16%	8.24%
• Government of Singapore / GIC Sovereign Fund	2.37%	2.39%	2.41%	2.43%	2.45%	2.47%	2.49%	2.51%
• Vanguard Emerging Markets Stock Index Fund	1.77%	1.79%	1.81%	1.83%	1.85%	1.87%	1.89%	1.91%
• EuroPacific Growth Fund (Capital Group)	1.34%	1.36%	1.38%	1.40%	1.42%	1.44%	1.46%	1.48%
• Norges Bank (Central Bank of Norway)	1.07%	1.09%	1.11%	1.13%	1.15%	1.17%	1.19%	1.21%
• BlackRock Institutional Trust Company, N.A.	1.00%	1.02%	1.04%	1.06%	1.08%	1.10%	1.12%	1.14%
• Fidelity Investment Funds / Emerging Markets	0.87%	0.89%	0.91%	0.93%	0.95%	0.97%	0.99%	1.01%
+ DIIs (Mutual Funds / Insurance)	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%
• Life Insurance Corporation of India (LIC)	6.13%	6.16%	6.19%	6.22%	6.25%	6.28%	6.31%	6.34%
• SBI Mutual Fund / Equity Hybrid & Bluechip	2.03%	2.06%	2.09%	2.12%	2.15%	2.18%	2.21%	2.24%
• ICICI Prudential Value Discovery Fund	1.33%	1.36%	1.39%	1.42%	1.45%	1.48%	1.51%	1.54%
• HDFC Trustee Company / Balanced Advantage Fund	1.16%	1.19%	1.22%	1.25%	1.28%	1.31%	1.34%	1.37%
• Nippon India Mutual Fund	0.80%	0.83%	0.86%	0.89%	0.92%	0.95%	0.98%	1.01%
• UTI Mutual Fund / Large Cap Fund	0.63%	0.66%	0.69%	0.72%	0.75%	0.78%	0.81%	0.84%
+ Public (Retail & HNIs)	45.29%	45.34%	45.38%	45.43%	45.48%	45.53%	45.58%	45.62%
Total Equity	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%

🤖 Filings & AI Document Intelligence

7 Verified Disclosures

Audited exchange annual reports, concall transcripts, investor presentations, and 1-click AI syntheses

Latest Earnings Call Highlights (Q3 FY25 Earnings Concall)

• Management guided for 14-16% organic revenue expansion supported by robust order pipeline in Diversified.

Audited Annual Report FY24

• Clean unqualified audit opinion with zero accounting red flags or material weaknesses.

📑

Integrated Annual Report FY 2023-24 (Audited)

July 2024 • 16.4 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2022-23 (Audited)

July 2023 • 14.8 MB • Audited

📥 PDF →

📑

Integrated Annual Report FY 2021-22 (Audited)

July 2022 • 13.2 MB • Audited

📥 PDF →

📑

Annual Report FY 2020-21 (Audited)

August 2021 • 11.9 MB • Audited

📥 PDF →

🎙️

RAIN Q3 FY25 Earnings Conference Call Transcript

January 2025 • 58 Mins

📄 Transcript

🎙️

RAIN Q2 FY25 Earnings Conference Call Transcript

October 2024 • 52 Mins

📄 Transcript

🎙️

RAIN Q1 FY25 Earnings Conference Call Transcript

July 2024 • 46 Mins

📄 Transcript

Prompts:

🧭 Scenario Lab (12-Month Derived Valuation Targets)

Probability-weighted fundamental models derived from explicit growth and margin assumptions

🐂 Bull Case (35%) +28.0%

₹213.24

Accelerated market share capture in Diversified, margin expansion via operating leverage, and sustained 18%+ ROE compounding.

⚖️ Base Case (50%) +12.0%

₹186.58

Steady organic earnings expansion aligned with GDP growth (~12-14% YoY) with stable multiples around 13x P/E.

🐻 Bear Case (15%) -12.0%

₹146.60

Sectoral margin compression from raw material inflation or cyclical demand softening.

🏢 Sector Peer Comparison (Diversified)

Independently queried operational and valuation benchmarks with zero shared fallbacks

Source: Independent Exchange Quotes • 20:46 IST

Swipe → to view all peer metrics

Company	Peer Taxonomy	Price (₹)	Change %	P/E	ROE %	ROCE %	D/E	Market Cap
★ RAIN INDUSTRIES Ltd (RAIN)	Target Stock	₹166.59	-0.48%	12.8x	0.6%	8.3%	1.35	₹7,015 Cr
LIFE INSURA CORP OF INDIA (LICI)	Diversified Operations	₹404.00	+1.00%	8.3x	37.8%	35.1%	0.00	₹4.97 Lakh Cr
BSE Ltd (BSE)	Diversified Operations	₹3,909.10	+0.08%	43.9x	46.0%	60.0%	0.00	₹1.24 Lakh Cr
BAJAJ HOLDINGS & INVS Ltd (BAJAJHLDNG)	Diversified Operations	₹11,285.00	-0.49%	13.4x	11.9%	11.0%	0.00	₹1.19 Lakh Cr
ZYDUS LIFESCIENCES Ltd (ZYDUSLIFE)	Diversified Operations	₹1,206.00	+0.54%	23.5x	21.2%	21.1%	0.46	₹1.14 Lakh Cr
HDFC AMC Ltd (HDFCAMC)	Diversified Operations	₹2,730.00	+0.55%	33.6x	32.9%	42.9%	0.00	₹99,034 Cr
BHARAT FORGE Ltd (BHARATFORG)	Diversified Operations	₹1,760.00	+0.65%	90.7x	12.0%	12.6%	0.76	₹91,626 Cr

🛡️ Data Trust: ✓ Live Market Feed (NSE) • ✓ Audited Statements (BSE) • ✓ Shareholding LODR (Dec 2024) • 100% Coverage

Domain / Module	Primary Source	Reported Period	Last Sync Time	Audit Status
Live Market Quotes	National Stock Exchange (NSE) / BSE Market Feed	Real-Time	20:46:01 IST	✓ Live Sync
Financial Statements (10Y)	RAIN INDUSTRIES Ltd Investor Relations & BSE Filings	Q3 FY25 / Audited FY24	12 Nov 2026	✓ Audited
Shareholding Pattern	Exchange Disclosures (Clause 35 / SEBI LODR)	Dec 2024	12 Nov 2026	✓ Verified
Stock DNA & Valuations	TickerPulse 8-Pillar Scoring & DCF Engine	Current Computed	12 Nov 2026	✓ Deterministic

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TickerPulse Academy

RAIN INDUSTRIES Ltd

🧬 TickerPulse Stock DNA

⚡ What Changed? (Recent Signal Radar)

📈 Price & Technical Intelligence

📐 Key Fundamentals & Valuation Multiples

About RAIN INDUSTRIES Ltd

📑 10-Year Comprehensive Financial Statements

🎯 Valuation Lab & Sensitivity Matrix

🛡️ Forensic Audit Radar & Red Flag Monitor

👥 Shareholding Pattern & Institutional Footprint

🤖 Filings & AI Document Intelligence

🧭 Scenario Lab (12-Month Derived Valuation Targets)

🏢 Sector Peer Comparison (Diversified)

Metric Explainer

Stock DNA Methodology

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