RAIN INDUSTRIES
An MNC trading at PE of 4.74x
1️⃣ Global Leader in Calcined Petroleum Coke
1️⃣ Global Leader in Coal Tar Pitch
1️⃣ Global Leader in Advanced Materials that includes materials required for Lithium-ion Batteries
2️⃣ Leading Cement Manufacture in South India
FV: ₹2
CMP: ₹179.65
ATH: ₹475.50
MCap: ₹6031 crores
Book Value: ₹221
trading at 0.84 times of its book value
💥 Financials in crores💥
Indicators 9M-22 9M-21 CY-21
Revenue 15612 10639 14720
Net Profit 1451 766 694
EPS 40.11 20.13 17.25
💥 *Delhi High Court Verdict* 💥
At its Order dates 10th January 2023, Honourable Delhi High Court has allowed the 3 writ petitions of RAIN CII Carbon (subsidiary of RAIN Industries) and directed the Respondents to re-draw the allocation of Raw Petroleum Coke to the various calciners in accordance with the observations made in the said order. This order allows RAIN to get additional allotment.
💥 Repayment of Debt Considering the profit made by the company, we anticipate that RAIN may reduce its overall debt by $100-200 million.
💥 Aluminium Growth Story by 2030 & Its Benefits to Calciners
The domestic aluminium industry, as an anchor industry for several downstream industries, holds special potential.
Aluminium demand in India is expected to double from today's 4 MTPA to 10 MTPA by 2030.
– Mr. Rahul Sharma, President, Aluminium Association of India
As per the above statement, it is good for Calciners like RAIN as there is no chance for expansions in India due to Apex Courts restrictions on import of Raw Petroleum Coke, the main raw material for the production of Calcined Petroleum Coke.
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