Rain Industries Maintains 'IND A/Stable' Credit Rating Amid Challenging Market Conditions 2 days ago
Rain Industries Limited retains its 'IND A/Stable' credit rating from India Ratings for a INR 1,700 million term loan. Despite a 15% revenue decline to INR 153,744.00 million and EBITDA margin contraction to 8.18%, the company's outlook remains stable. Increased green petroleum coke import quota is expected to boost capacity utilization to 85%-90%. The carbon segment contributes 70% to revenue and 83% to EBITDA. Net leverage increased to 5.43x but is anticipated to normalize below 4.0x. India Ratings projects a stable ROCE of 7%-8% in coming years.
Rain Industries Reports Mixed Q4 2023 Results: EBITDA Up, Net Loss Narrows May 08, 2025
Rain Industries Reports Improved Q3 Performance Despite Continued Losses Feb 27, 2025