NSE: RAIN | BSE: 500339

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198.72 -2.19 (-1.09%)

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Rain Industries Ltd. share price target and research reports

Name: Latest research reports of Rain Industries Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Rain Industries Ltd.
Rating: 5
Author: Motilal Oswal

Latest analyst research reports with target prices and PDF download for RAIN, BSE:500339 Rain Industries Ltd.

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Rain Industries Ltd.

19 Nov 2018

198.72

-1.09%

Ca rbon segment under pressure, ACM is improving

Buy: Rain Industries Ltd.

Target

Motilal Oswal

Carbon segment under pressure, ACM is improving Earnings and SOTP reduced; Maintain Buy 3QCY18 EBITDA declined 26% QoQ to INR5.1b (22% miss), led by a sharp fall in the Carbon segment performance. Other segments, however, performed well. Finance cost was flat QoQ, but down 23% YoY due to refinancing of debt in January 2018. PAT (after MI) declined 41% QoQ (-29% YoY) to INR1.75b. Carbon lower volumes, prices and margins: CPC volumes declined 21% QoQ to 375kt, impacted by the pet coke import ban. EBITDA/t was down 17% QoQ...

Rain Industries has gained 32.99% in the last 6 Months

Rain Industries Ltd.

16 Aug 2018

198.72

-1.09%

Result Review of Rain Industries

Buy: Rain Industries Ltd.

Target

IDBI Capital

Rain Industries Q2CY18 result was slightly ahead of our forecasts. Sales increased 15.1% QoQ to Rs38,126 mn led by higher CPC volumes. Although Carbon Products EBITDA/tonne fell 15.1% QoQ to $110; nevertheless, CPC volumes (a concern in Q1CY18) recovered 21.8% QoQ to 474 kt. Overall, EBITDA was better than our forecast at Rs7,017 mn (+8.5% QoQ) on better than expected Advanced Carbon Materials (ACM)...

Rain Industries Ltd. is trading above all available SMAs

Rain Industries Ltd.

14 May 2018

198.72

-1.09%

Result Review of Rain Industries

Buy: Rain Industries Ltd.

Target

IDBI Capital

Rain Industries reported weaker than expected Carbon Product segment volumes; segment EBTIDA/tonne declined modestly to $128 (-2.7% QoQ). Carbon Products EBITDA stood at Rs5,524 mn(+100.2% YoY, -3.5% QoQ).However, Advanced Materials EBITDA fell 40.7% YoY to Rs908 mn on maintenance shutdowns...

Rain Industries Ltd. is trading above all available SMAs

Rain Industries Ltd.

01 Mar 2018

198.72

-1.09%

Result Review of Rain Industries

Buy: Rain Industries Ltd.

Target

IDBI Capital

Carbon Products EBITDA/tonne at Rs8,426 (+125.6% YoY, +11.8% QoQ) was ahead of our forecast. Segment EBTIDA grew to Rs6.4 bn (+104.1% YoY, +1.2% QoQ) despite fall in volumes to 0.7 mn tonne (-9.2% YoY, -10.0% QoQ). In light of better than expected Carbon Products profitability and anticipated higher spreads for CPC/ CTP, we raise our CY18 margin estimates. We maintain BUY rating with a revised target price of Rs522 (earlier Rs418)....

Rain Industries has gained 35.78% in the last 1 Year

Rain Industries Ltd.

01 Mar 2018

198.72

-1.09%

Rain Industries: Carbon prices and margins continue to improve

Buy: Rain Industries Ltd.

Target

Motilal Oswal

Rain Industries' (RAIN) 4QCY17 EBITDA increased 2% QoQ (+58% YoY) to INR6.9b. Prices increased across products, but carbon product dispatches were impacted by shipment delays toward the end of the quarter. Adj. PAT increased 37% QoQ to INR3.3b, led by a lower effective tax rate (~21% v/s ~40% in 3QCY17). Exceptional charges include INR0.8b gain from reversal in deferred tax (due to US and Belgium tax rate changes), offset by INR1.1b toward refinancing and unabsorbed bond amortization charges.

Rain Industries has gained 35.78% in the last 1 Year

Rain Industries Ltd.

10 Nov 2017

198.72

-1.09%

Result Review of Rain Industries

Buy: Rain Industries Ltd.

Target

IDBI Capital

Rain Industries reported significantly better than expected profitability in Q3CY17 results with EBITDA 43.5% above our estimate on the back of stronger than expected profitability in Carbon Products. Carbon Products EBITDA grew to Rs6.3 bn (+83.3% YoY, +58.3% QoQ). Segment...

Rain Industries has gained 80.05% in the last 3 Months

Rain Industries Ltd.

08 Nov 2017, 12:00AM

198.72

-1.09%

Rain Industries Ltd.

Buy: Rain Industries Ltd.

AUM Capital

Rain Industries Ltd. (RAIN), formerly known as Rain Commodities Ltd. is globally the leading producer of carbon products which are used in aluminum industry. RAIN was incorporated in 1974 and it is engaged in the business of manufacture and sale of Carbon products, Chemicals and Cement. The Carbon Products segment consists of Calcined Petroleum Coke (CPC), Coal Tar Pitch (CTP), Green Petroleum Coke (GPC), Co-generated Energy and other derivatives of Coal Tar distillation. The Chemicals business segment includes the downstream operations of company's carbon processing output into high value chemical products that are...

Rain Industries has gained 32.99% in the last 6 Months

Rain Industries Ltd.

08 Nov 2017, 12:00AM

198.72

-1.09%

Rain Industries: CPC market tailwinds driving strong earnings growth

Buy: Rain Industries Ltd.

Target

Motilal Oswal

CPC market tailwinds driving strong earnings growth Raising earnings and target price; Maintaining Buy Rain Industries (RAIN) reported very strong earnings growth, driven by structural changes in market dynamics for its carbon business. Consolidated EBITDA increased 49% YoY to INR6.7b, beating our estimate of INR5b by a wide margin, due to both stronger margins (USD118/t v/s est. of USD85) and volumes (475kt v/s est. of 425kt CPC volumes) in the carbon business. Chemical division was affected by fire at one of its plant in Europe, seasonally low demand and higher input prices. Despite...

Rain Industries has gained 35.78% in the last 1 Year

Rain Industries Ltd.

01 Nov 2017

198.72

-1.09%

Rain Industries: Enduring tailwinds Re-rated, yet attractive

Buy: Rain Industries Ltd.

Motilal Oswal

Sanjay Jain - Research Analyst (SanjayJain@MotilalOswal.com); +91 22 6129 1523 Dhruv Muchhal - Research Analyst (Dhruv.Muchhal@MotilalOswal.com); +91 22 6129 1549 Investors are advised to refer through important disclosures made at the last page of the Research Report....

Rain Industries has gained 35.78% in the last 1 Year

Rain Industries Ltd.

14 Aug 2017

198.72

-1.09%

Result Review of Rain Industries

Buy: Rain Industries Ltd.

Target

IDBI Capital

We raise our estimates and target price to Rs144; Maintain BUY. Key Highlights and Investment Rationale Strong growth in Carbon Products continues: During Q2CY17, Carbon Products segment EBITDA stood at Rs4,002 mn (+6.8% QoQ, +19.2% YoY). Chemical and Cement segment profitability falls: Chemical EBITDA fell by 35.1% YoY to Rs465mn due to unfavourable forex exposure and higher raw material costs; segment margins are likely to improve from Q3CY17. Cement EBITDA also fell 42.5% YoY to Rs211 mn on lower volumes and higher costs....

Rain Industries has gained 80.05% in the last 3 Months

Is Rain Industries Ltd. worth buying?

1607 Votes:

Buy 85.13%

Sell 8.77%

Hold 6.1%