Analysis on RAIN Industries ltd :
ABOUT
Rain Industries Limited (RAIN) CMP -172, 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.
Company fundamental overview-
1. Stock is trading at 0.69 times its book value (CMP/book value = 172/251).
2. Company is expected to give good result for 2023-2024 FY.
3. Company ROE - 19.8%.
4. Adjusted EBITDA for Q1 2023 was Rupees 6.85 billion, in line with Q4 2022 and historically normal range.
5. Consolidated net revenue for Q1 CY23 was Rupees 52.10 billion, an increase of Rupees 8 billion compared to Q1 CY22.
6. Revenue from Carbon segment increased by ~31.4%, while revenue from Advanced Materials segment decreased by ~17.8% in Q1 CY23 as compared to Q1 CY22.
Company business overview-
1. Aluminum remains the metal of choice for a growing range of products, resulting in continued strong demand.
2. Demand for cement remains reasonably strong in South India.
3. RAIN's immediate goal is to reduce debt, and the company is monitoring the debt markets to find the optimal time to refinance.
Sustainability:
RAIN issued its first publicly available sustainability report and is committed to a sustainable environment and maintaining the ecological, social, and economic well-being of future generations.
Technical levels :
RAIN successfully break a 5 year bearish trend line at 160.15 as per monthly chart with good volume, also its crossing 50 DMA at 154.77 and 200 DMA at 165.73 levels. If it hold above 155.15 levels its can go up to 191.60 levels and 235.90 levels.
ABOUT
Rain Industries Limited (RAIN) CMP -172, 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.
Company fundamental overview-
1. Stock is trading at 0.69 times its book value (CMP/book value = 172/251).
2. Company is expected to give good result for 2023-2024 FY.
3. Company ROE - 19.8%.
4. Adjusted EBITDA for Q1 2023 was Rupees 6.85 billion, in line with Q4 2022 and historically normal range.
5. Consolidated net revenue for Q1 CY23 was Rupees 52.10 billion, an increase of Rupees 8 billion compared to Q1 CY22.
6. Revenue from Carbon segment increased by ~31.4%, while revenue from Advanced Materials segment decreased by ~17.8% in Q1 CY23 as compared to Q1 CY22.
Company business overview-
1. Aluminum remains the metal of choice for a growing range of products, resulting in continued strong demand.
2. Demand for cement remains reasonably strong in South India.
3. RAIN's immediate goal is to reduce debt, and the company is monitoring the debt markets to find the optimal time to refinance.
Sustainability:
RAIN issued its first publicly available sustainability report and is committed to a sustainable environment and maintaining the ecological, social, and economic well-being of future generations.
Technical levels :
RAIN successfully break a 5 year bearish trend line at 160.15 as per monthly chart with good volume, also its crossing 50 DMA at 154.77 and 200 DMA at 165.73 levels. If it hold above 155.15 levels its can go up to 191.60 levels and 235.90 levels.