Rain Industries Ltd

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NSEBSE

185.05-5.10 (-2.68%)

03:54 PM,27th Feb 2024

185.50-4.55 (-2.39%)

04:01 PM,27th Feb 2024

BSE : 500339

NSE : RAIN

Sector : Others

ISIN Code : INE855B01025

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Last Updated: Feb 27 2024 | 04:01 PM IST

Market Cap (₹ Cr)

6224

Turnover (₹ Cr)

17.56

Volume (Shares)

9491440

Face Value

2

52-WK High

219.60

52-WK High Date

19 Feb 2024

52-WK Low

140.25

52-WK Low Date

10 Nov 2023

All Time High

475.00

All Time High Date

09 Jan 2018

All Time Low

1.30

All Time Low Date

02 Apr 2003

Rain Industries Ltd

Rain Industries Limited (RIL) erstwhile Rain Commodities Limited is engaged in the business of manufacture and sale of Carbon Products Chemicals and Cement. Carbon Products include Calcined Petroleum Coke (CPC) Coal Tar Pitch (CTP) Green Petroleum Coke (GPC) energy produced through Waste-Heat Recovery (WHR) and other derivatives of coal tar distillation including creosote oil naphthalene phthalic anhydride and others. Chemicals include resins modifiers superplasticizers aromatic chemicals and others. The company sells cement under the brand 'Priya Cement' one of the leading cement brands in South India. It has two integrated cement plants one each in Telangana and Andhra Pradesh with an aggregate installed capacity of 4 million tonnes per annum. The plants in South India produce two grades of cement: ordinary portland cement (OPC) and portland pozzolana cement (PPC). Apart from this it also has 16 manufacturing facilities located close to raw material suppliers and markets across seven countries in three continents. Rain Commodities Limited (RCL) was incorporated on 15th March 1974 under the name and style of Tadpatri Cements Limited. The name of the company was changed to Priyadarshini Cement Limited on 4th May of the year 1984. After two years in 1986 RCL made its Initial Public Offering (IPO). The Company came under the provision of the Sick Industrial Companies (Sp. Provisions) during the year 1990 and in April of the year 1992 Board for Industrial and Finance Reconstruction (BIFR) had accepted the sick industrial companies (Sp.Provisions) scheme also passed an order. RCL commissioned its first ready mix concrete plant in December of the year 1999 at Hyderabad. The second ready mix concrete plant of the company had set up at Miyapur also in Hyderabad. It had set up two manufacturing plants with a rated capacity of 7200 cubic meters per month. During the year 2000 RCL had proposed to acquire Hemadri Cements nearly year after taking over a cement unit from Nagarjuna Construction Company. The Company got its present name as Rain Commodities Limited on 27th December of the year 2004. The cement business housed in RIL was transferred to the company with effect from July of the year 2006. The Company's wholly owned subsidiary Rain Commodities (USA) Inc. (RCUSA) acquired 100% of the membership interests of AIP/GLC Holdings LLC in October 2006 from American Industrial Capital Partners II L.P. Rain Commodities (USA) a wholly owned subsidiary of the company had entered into an agreement with Great Lakes Carbon Income Fund Toronto Canada during February of the year 2007 to acquire majority stake and certain assets. The Company had acquired CII Carbon of USA In July of the same year 2007 manufacturing 1.9Million TPA of CPC with manufacturing facilities in Illinois Louisiana Missisipi and West Virginia. Rain Calcining got amalgamated with RCL in November of the year 2007. RCL had launched a feasibility study to construct own and operate a petroleum coke calcining plant in China through its wholly owned subsidiary Rain CII Carbon LLC USA (Rain CII) in February of the year 2008. The Company had incorporated Rain Calciner India and Rain Global Services USA as it's wholly owned subsidiaries in April of the year 2008. RCL's second unit situated in Kurnool had started its commercial production with expanded capacity of 1.5 million metric tones of cement per annum with effect from 19th June 2008. The company's name was changed to Rain Industries Limited from Rain Commodities Limited pursuant to the approval received from the Registrar of Companies Hyderabad on July 8 2013.In FY'15 the Company commissioned an FGD system at the Chalmette (Louisiana) CPC facility US which enables the plant to meet emission requirements without impacting production efficiency.Rain Industries made an application with the Hon'ble High Court of Judicature at Hyderabad for the State of Telangana and the State of Andhra Pradesh for approval of the Scheme of Arrangement between the Company Rain Cements Limited (Wholly Owned Subsidiary Company) and Moonglow Business Inc. (Step down Wholly Owned Subsidiary Company) and their respective Shareholders and Creditors under Section 391 to 394 of the Companies Act 1956. The Hon'ble High Court of Judicature at Hyderabad for the State of Telangana and the State of Andhra Pradesh vide its order dated 12 November 2015 directed the company to convene Meeting of the Shareholders of the Company on 19 January 2016 for obtaining approval for the Scheme of Arrangement between the Company Rain Cements Limited Moonglow Company Business Inc. and their respective shareholders and creditors.Rain Industries successfully completed the construction of its fourth Coal Tar Distillation (CTP) plant with a capacity of 300000 metric tons per annum in Cherepovets Russia on 11 February 2016 via a Joint Venture with PAO Severstal Russia. The CTP plant is expected to operate at about 70% of its capacity in the first year of its operation. The advanced technologies installed in this CTP Plant will enable production of vacuum-distilled CTP which is of a higher quality vacuum in a higher margin product. The Joint Venture Partner PAO Severstal has brought a long-term supply contract for the raw material - Coal Tar into this Joint Venture.In 2016 RAIN Group established a CPC blending center with a blending capacity of 1 million metric ton per year of CPC at plant set up in Vishakapatnam India. During 2017 RAIN Group produced specialty carbon materials equivalent to the needs for 100000 electric vehicles. It began site preparation and construction of a vertical-shaft calcination plant to add CPC capacity of 0.37 MTPA with a 15 MW WHR power plant in a Special Economic Zone in Visakhapatnam India to enable the production of high-density CPC and improve input-output conversion.In October 2018 the Company received the Hon'ble Supreme Court's permission to resume shipments of GPC to its resume shipments of GPC to its Visakhapatnam facility. RCI completed the transition to ISO 9001:2015 following successful audits at its calcining and office locations in Illinois and Louisiana during the year 2018. It completed debottlenecking of petro tar distillation facilities in FY'18.During 2018 improvement in coal tar supply from Eastern Europe was observed with Russia and Turkey being the major coal tar exporters to European distillers. During CY 2019 RAIN Group announced to produce anhydrous carbon pellets (ACP) a proprietary product developed through research and development to mitigate the risk of reduced anode-grade GPC supply. ACP would be produced by using carbon fines and other non-anode grade GPC which are available to meet the ever-increasing demand for anode-grade GPC from calciners.In 2019 RAIN Group realigned the product portfolio and formed a new business segment Advanced Materials as part of increasing focus on transforming the by-products of coal tar and petrochemical feedstock distillation activities to produce raw materials that support high-growth products of the future. In 2020 it commissioned new HHCR facility in Germany which will serve as the cornerstone of Advanced Materials segment and produce 'water-white' resins for adhesives and hygiene-product applications where contaminant-free materials are growing. Similarly it continue to build on PETRORESr brand of specialty coatings for electric vehicle and lithium-ion battery markets with introduction of LIONCOAT product and proprietary NOVARESr resins are playing an important role in improved fuel economy and driving safety when used in tyre applications.In 2020 a new stormwater-treatment unit was commissioned to collect and treat all site stormwater. By adding a reverse-osmosis unit behind the stormwater treatment the site will recycle significant volumes of water and reduce the use of potable water. The unit will be commissioned in 2022.On December 31 2020 the Group completed the sale of its Wholly Owned Subsidiaries engaged in the manufacturing and distribution of Polynaphthalene Sulfonates RUTGERS Polymers Limited and Handy Chemicals (U.S.A.) Limited for an aggregate cash consideration of Rs.386.27.In FY 2021 the Company commissioned the vertical-shaft calciner plant in Atchutapuram India and completed first sale of CPC. Thisnew plant utilizes vertical-shaft kiln technology which allows for a higher percentage of green petroleum coke raw material to be converted into CPC. It commissioned the anhydrous carbon pellet (ACP) production facility in the United States. It recovered quickly at the Chalmette Gramercy Norco and Purvis calcination and energy facilities in the US following Hurricane Ida in September. It initiated production of PETRORESr specialty coating at K dzierzyn-Ko le plant in Poland. In 2021 it opened a state-of-the-art rubber lab in Duisburg Germany with an investment of US $1.3 Million. It commissioned a ground-mounted 1 MW solar plant in Suryapet. It installed a rooftop solar plant with a capacity 25.9 KWh in Suryapet and another with a 60 KWh capacity in Kurnool. Besides this it planted 12373 saplings over 6.47 acres at the Suryapet plant and 71177 saplings (including 19600 plants grown using Miyawaki method) over 52.64 acres at the Kurnool plant.In 2021 Company completed projects of expanding the production capacity for PETRORES and LIONCOAT carbon precursors for the rechargeable lithium battery market. In 2021 it installed an improved fresh-lime injection system at Norco site to improve the SO2-scrubbing efficiency. Additionally the Company installed a redundant standby fresh-lime feeder ensuring continuous operation of Norco's scrubbing system.In 2022 the Company introduced NOVARES TM 85 AS and TM 100 AS for use in tyres coatings and adhesive applications; launched formulations of NOVARES Pure Series of hydrogenated hydrocarbon resins and switched to petro-based indene fractions to produce NOVARES C Resins.

Rain Industries Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

6224

EPS - TTM (₹) [S]

1.58

P/E Ratio (X) [S]

6.75

Face Value (₹) 2
Latest Dividend (%)50.00
Latest Dividend Date 19 May 2023
Dividend Yield (%) -
Book Value Share (₹) [S]27.43
P/B Ratio (₹) [S]6.75
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Groww Nifty Total Market Index Fund-Regular (G) 0.02 1193 0.02
Groww Nifty Total Market Index Fund-Direct (G) 0.02 1193 0.02

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

183.05

193.00

Week Low/High

183.05

219.00

Month Low/High

167.25

220.00

Year Low/High

140.25

220.00

All time Low/High

0.80

475.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-12.69%-12.67%0.050.01%
1 Month5.47%5.38%3.393.96%
3 Month28.95%28.95%10.8012.14%
6 Month17.68%17.68%12.6515.22%
1 Year22.15%22.15%23.2927.63%
3 Year11.85%11.71%48.8752.78%

Company Info

Company Information

Managing Director : N Radhakrishna Reddy

Vice Chairman : N Jagan Mohan Reddy

Director : N Sujith Kumar Reddy

Company Sec. & Compli. Officer : S Venkat Ramana Reddy

Independent Director : Radhika Haribhakti

Independent Director : Varun Batra.

Chairman & Independent Directo : Brian Jude McNamara

Independent Director : Nirmala Reddy

Independent Director : Robert Thomas Tonti

Independent Director : Shanti Sree Bolleni

Registered Office: Rain Center, 34 Srinagar Colony,Hyderabad,Telangana-500073 Ph: 91-40-40401234

Email:secretarial@rain-industries.com

URL:http://www.rain-industries.com