Rain Industries Ltd. share price target and research reports

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

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

Rain Industries Ltd.

08 May 2017

111.01

-1.25%

Result Review of Rain Industries

Buy: Rain Industries Ltd.

Target

IDBI Capital

EBITDA beat our expectations despite weak Cement profitability: Despite weak profitability from Cement segment (EBITDA down 47.9% on lower volumes and higher input costs), Rain's EBITDA was 11.3% higher than our estimates. Even Chemicals segment EBITDA increased 27.1% yoy to Rs544mn...

Rain Industries Ltd. is trading below all available SMAs

Rain Industries Ltd.

27 Feb 2017

111.01

-1.25%

Result Review of Rain Industries Ltd

Buy: Rain Industries Ltd.

Target

IDBI Capital

Strong growth in CPC: The key highlight of the Q4CY16 result was strong volume growth in Calcined petroleum coke (CPC) and strong outlook on CPC volumes by the company management for CY17.Even coal tar pitch (CTP) volumes grew by 23% YoY to 0.13 mn tonnes. Cement sales volumes...

Rain Industries Ltd.'s price crossed below 30Day SMA today

Rain Industries Ltd.

20 Dec 2016

111.01

-1.25%

Initiating Coverage on Rain Industries Ltd

Buy: Rain Industries Ltd.

IDBI Capital

Rain Industries Ltd. (Rain) is one of the largest producers of calcined petroleum coke (CPC) and coal tar pitch (CTP) in the world with operations spread across North America, Europe, India and Russia. Apart from large size, Rain has long standing relationships with suppliers to source the key raw materials green petroleum coke (GPC) and coal tar. During FY13-15, Rain's profitability was affected due to lower demand from its end customers (aluminium industry). Nevertheless, Rain took several initiatives including setting up a greenfield distillation unit in Russia, partially securing supply of raw material (coal tar) for its European CTP plants, setting up CPC blending facility in India, etc which is likely to push volumes and improve margins. Further, the company has nearly completed its capex cycle and is focused on deleveraging balance sheet and refinancing (to lower interest costs). These measures are...

Rain Industries Ltd. is trading below all available SMAs

Is Rain Industries Ltd. worth buying?

1597 Votes:

Buy 85.1%

Sell 8.83%

Hold 6.07%