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Rain Industries Limited (RAIN) Fair Value & Analysis

Basic Materials · IN · Market cap ₹63.5B

RI Rain Industries Limited RAIN · NSE
Price₹187.74
Fair Value₹21.49
Upside-88.6%
Quality62/100
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Evidence: High Range ₹16.12 – ₹26.87

Fair value as of: Jul 3, 2026

From 17 valuation models · updated today

Share price −6.4% over the past month.

Price vs Fair Value (12 months)

₹208.99 ₹102.00 Fair Value ₹21.49 Jun 2025 Jul 2026

12‑month range ₹102.00 – ₹208.99 · fair‑value band ₹16.12 – ₹26.87 · the ₹187.74 price screens above the ₹21.49 fair value. As of Jul 3, 2026.

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Analysis

Rain Industries Limited (RAIN) currently trades at ₹187.74, while our model-based Fair Value estimate is ₹21.49 — implying the stock looks roughly 88.6% overvalued today. We read business quality at 62/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Rain Industries Limited generated revenue of ₹177B at a net margin of 1.7%. Revenue grew 20.0% year over year. It earns a return on equity of 1.9%. Net debt stands at ₹83.0B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹177B
Revenue growth (YoY) +20.0%
Net margin 1.7%
Return on equity 1.9%
Free cash flow −₹3.3B FY2025
P/E ratio 21.1
More key figures
Operating margin 9.6%
EPS (TTM) ₹8.96
EPS growth (YoY) -75.2%
Net debt ₹83.0B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Rain Industries Limited, together with its subsidiaries, manufactures and sells carbon, advanced materials, and cement products in India and internationally. The company operates through three segments: Carbon, Advanced Materials, and Cement. It offers calcined petroleum coke, coal tar pitch, green petroleum coke, and derivatives of coal tar distillation, including carbon black, creosote, naphthalene, and other aromatic oils, as well as generates electricity and steam from waste-heat recovery process. The company also provides engineered products comprising CARBORES, PETRORES, and LP sealer base; chemical intermediates, such as refined naphthalene, phthalic anhydride, modifiers, benzene, toluene, xylene, solvents, and fuel additives; and resin products, including carbon, pure, and hydrogenated hydrocarbon resins, as well as phenolics for specialty chemicals, coatings, adhesives, construction, automotive, lithium-ion batteries, energy storage, petroleum, and other industries. In …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rain Industries Limited reported revenue of ₹169B in FY2025 versus ₹144B in FY2021, a compound +4.2%/yr. Reported net income was ₹425M in FY2025, compounding −48.0%/yr from FY2021.

Revenue +4.2%/yr
FY21 ₹144B
FY22 ₹209B
FY23 ₹181B
FY24 ₹153B
FY25 ₹169B
Net income −48.0%/yr
FY21 ₹5.8B
FY22 ₹14.4B
FY23 −₹9.4B
FY24 −₹5.6B
FY25 ₹425M

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Frequently asked questions

Is Rain Industries Limited (RAIN) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹21.49 versus a price of ₹187.74 — about −89% (overvalued). Model-based estimate, not financial advice.
What is the fair value of RAIN?
Our model-based fair value for Rain Industries Limited is ₹21.49 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹187.74.
What is the quality score of RAIN?
Rain Industries Limited has a Quality Score of 62/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Rain Industries Limited (RAIN)?
Rain Industries Limited reported trailing-twelve-month revenue of about ₹177B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of RAIN?
The net profit margin of Rain Industries Limited is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.