Rain Industries Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q2 CY2026
- June 29, 2026
- Posted by: Lakshit Sharma
- Category: News
Rain Industries Rs 212.63 (6 Oct 2026 close). 52-week range Rs 99.90 to Rs 252.00. Q2 CY2026 revenue Rs 5,167 cr, up 17%; profit about Rs 341 cr, up 4x.
Quick Answer
The Rain Industries share price target for 2026 is Rs 187 to Rs 242, which is between 12 percent below and 14 percent above the last close of Rs 212.63, with bull and bear cases of Rs 300 to Rs 360 and Rs 91 to Rs 117. Rain Industries reported Q2 CY2026 consolidated revenue up 17.4 percent to Rs 5,167 crore and net profit of about Rs 341 crore against Rs 83 crore a year ago, with EPS of Rs 8.81 against Rs 1.80. Higher selling prices drove the gain while volumes were lower, the stock is up 62 percent in a year and 113 percent from its December low, and it trades at 10.7 times earnings against an industry average near 36 times. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario.
The Rain Industries share price target for 2026 is Rs 187 to Rs 242 in the Univest base case, with the stock at Rs 212.63 at the 6 October 2026 close. That is 15.6 percent below its 52-week high of Rs 252.00 and 112.8 percent above its 52-week low of Rs 99.90, and the stock moved up 62.4 percent over the past year. Rain Industries is a global carbon products group and the world’s largest coal tar pitch maker. It also makes advanced materials and cement. Debt to equity is 1.35 and the dividend yield is 0.47 percent.
Three things changed since the last update: Q2 CY2026 results on 6 August showed profit up four times, a Re 1 interim dividend was declared, and the stock spiked to Rs 252 in the week of 3 August before easing. This Rain Industries stock analysis covers the Rain Industries share price today, the Rain Industries share price target for 2026, 2027 and 2030, the Q2 CY2026 numbers, catalysts and risks, key price levels and a Rain Industries buy or sell view.
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What Is the Rain Industries Share Price Target for 2026?
The 2026 target for Rain Industries shares is Rs 187 to Rs 242 in the Univest base case, which is -12.1% to +13.8% against the last close. The bull case is Rs 300 to Rs 360 and the bear case is Rs 91 to Rs 117. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
Rain Industries Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E EPS | Target Multiple | Price Target (Rs) | Move vs Rs 212.63 |
|---|---|---|---|---|
| Bull Case | Rs 30 | 10x to 12x | 300 to 360 | +41.1% to +69.3% |
| Base Case | Rs 22 | 8.5x to 11x | 187 to 242 | -12.1% to +13.8% |
| Bear Case | Rs 13 | 7x to 9x | 91 to 117 | -57.2% to -45.0% |
FY28 EPS of Rs 22 in the base case compares with trailing EPS of Rs 19.83. Rain reports on a calendar year, so FY28 here is the 12 months to March 2028, a blend of calendar 2027 and 2028, and the case assumes spreads ease from Q2’s peak. Cyclical materials trade at 8 to 11 times earnings, and the stock trades at about 9.7 times the base estimate. The PE multiple used for each case is shown in the table, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the Rain Industries share price target range around the current price.
Rain Industries Company Overview and Share Price Today as of 6 October 2026
Rain Industries share price today is Rs 212.63 on the NSE at the 6 October 2026 close, before the market opens on 7 October. The market capitalisation is Rs 7,158 crore, and the stock trades at 10.7 times earnings against an industry average of 36.3 times. The Univest base case Rain Industries share price target of Rs 187 to Rs 242 is -12.1% to +13.8% from here. The table below sets out the key numbers behind the Rain Industries share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | RAIN | BSE code 500339 |
| Sector | Carbon products and advanced materials | Per Univest sector classification |
| Last Close (NSE) | Rs 212.63 | 6 Oct 2026 close |
| 52-Week High | Rs 252.00 | CMP is 15.6% below |
| 52-Week Low | Rs 99.90 | CMP is 112.8% above |
| 1-Year Return | About +62% | Weekly close Rs 130.9 on 10 Oct 2025 to Rs 212.63 |
| Market Capitalisation | Rs 7,158 crore | Small cap carbon products company |
| Trailing P/E | About 10.7x | Industry P/E about 36.27x |
| P/B Ratio | About 0.90x | Book value Rs 237.69 per share |
| EPS (TTM) | Rs 19.83 | Trailing twelve months |
| Return on Equity | About 6.7% | Debt to equity 1.35 |
| Dividend Yield | About 0.47% | Interim dividend of Re 1 |
| 12-Month Target (Base Case) | Rs 187 to Rs 242 | Univest base case |
| Bull Case | Rs 300 to Rs 360 | +41.1% to +69.3% |
| Bear Case | Rs 91 to Rs 117 | -57.2% to -45.0% |
Track live price, fundamentals and results for Rain Industries on the Univest Screener.
How Did Rain Industries Perform in Q2 CY2026?
Rain Industries reported Q2 CY2026 consolidated revenue of Rs 5,167 crore, up 17.4 percent from Rs 4,401 crore, and profit before tax of Rs 501 crore, up 146 percent. Consolidated net profit was about Rs 341 crore against Rs 83 crore a year ago. Together these Q2 CY2026 numbers anchor the Rain Industries share price target.
| Metric | Q2 CY2026 | Context |
|---|---|---|
| Consolidated Revenue | Rs 5,167 crore | Up 17.4% YoY; up 14.3% QoQ |
| Net Profit | About Rs 341 crore | Against Rs 83 crore a year ago |
| Profit Before Tax | Rs 501 crore | Up 146% YoY |
| EPS | Rs 8.81 | Against Rs 1.80 a year ago |
| Advanced Materials Revenue | Rs 1,198 crore | Up 31%; EBITDA up 118% |
| Interim Dividend | Re 1 per share | Record date 14 August |
Adjusted profit after tax rose 538 percent to Rs 317 crore. The Carbon segment led growth on pricing while volumes were lower, especially in calcination, and cement was a headwind. The company has 17 plants in eight countries. The CY2026 and FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Rain Industries share price target.
Why Is Rain Industries Share Price Up 62 Percent in a Year?
Rain Industries shares are up about 62 percent in a year and 113 percent from the Rs 99.90 low of the week of 8 December 2025. The stock jumped 16.6 percent in the week of 15 December, 15.5 percent in the week of 26 January and 20 percent in the week of 25 May as profit recovered.
It touched Rs 252 in the week of 3 August on volume of 5.3 crore shares after results, then closed that week at Rs 222.90. The shares are now about 16 percent below that high at Rs 212.63. The Rain Industries share price target scenarios below account for that move.
Key Catalysts for the Rain Industries Share Price Target in 2026
4 catalysts matter most for the Rain Industries share price target, and sector tailwinds in Carbon products and advanced materials are part of the case. Together they decide whether the base case is reached.
1. Carbon Pricing
Coke and pitch prices lifted revenue 17 percent even with lower volume. Firm spreads keep profit high. If it plays out, the Rain Industries share price target moves toward the top of the base range.
2. Advanced Materials
Revenue rose 31 percent to Rs 1,198 crore and EBITDA rose 118 percent. Better mix and sourcing drive the gain. Strength here would support the upper end of the Rain Industries share price target.
3. Asset Value
The stock trades at 0.90 times book value. A sustained profit run would narrow the discount. Delivery on this point keeps the Rain Industries share price target on track.
4. Dividend
The Re 1 interim dividend gives a yield of about 0.5 percent. It signals confidence in cash flow. Better news here would lift the Rain Industries share price target toward the bull case.
What Are the Key Risks to the Rain Industries Share Price Target?
The main risks are cyclical pricing, lower volume, debt and weak cement. Each can pull the Rain Industries share price target lower.
Cyclical Pricing
Coke and pitch spreads swing with aluminium and steel demand. A fall in spreads would cut profit fast. If it materialises, the Rain Industries share price target would slip toward the bear case.
Lower Volume
Volumes fell in calcination in Q2. Gains from price alone may not last. This is the main downside risk to the Rain Industries share price target.
Debt Level
Debt to equity is 1.35 and interest cost is high. Slower profit would strain cover. A worsening here would cut the Rain Industries share price target toward the low end of the range.
Earnings Reset
A bear case EPS of Rs 13 at 7 times would put the price near Rs 91. Watch it closely, because it can pull the Rain Industries share price target lower quickly.
Rain Industries Stock Analysis: Support and Resistance Levels for the Share Price Target
Rain Industries stock analysis on weekly charts shows a range of Rs 191 to Rs 225 since mid-September, with the stock in the middle.
The first support level is Rs 204.80 to Rs 206.30, the lows of the weeks of 28 September and 5 October. Below that, Rs 191 is the low of the week of 14 September.
The first resistance level is Rs 216 to Rs 220, the highs of the weeks of 5 and 28 September. Above that, Rs 224.70 is the high of the week of 21 September and Rs 230 is the high of the week of 7 September. These levels come from weekly price action, are not trade recommendations, and frame the near-term Rain Industries share price target.
Rain Industries Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Rain Industries Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 205 and Rs 220. A close above Rs 220 would put Rs 225 to Rs 230 in play, while a weekly close under Rs 204 would open Rs 191. The Q3 CY2026 results are the main trigger. This range anchors the near-term Rain Industries share price target.
12-Month and 2027 Rain Industries Share Price Target
The 12-month target price is Rs 187 to Rs 242, valued on 8.5 to 11 times FY28 EPS of Rs 22. The range across scenarios runs from Rs 91 in the bear case to Rs 360 in the bull case.
Long-Term Rain Industries Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 224 to Rs 340. This assumes EPS of Rs 28 in FY29 and Rs 34 in FY30 and a multiple of 8 to 10 times. It needs coke and pitch spreads to hold, Advanced Materials margin to keep rising and net debt to fall. This is the long-term Rain Industries share price target in the Univest scenarios.
Bull Case and Bear Case for Rain Industries Share Price Target
Bull Case Rs 300 to Rs 360
The bull case of Rs 300 to Rs 360 for the Rain Industries share price target needs EPS of Rs 30 and the market to pay 10 to 12 times for it. It is +41.1% to +69.3% from the last close.
Bear Case Rs 91 to Rs 117
The bear case of Rs 91 to Rs 117 for the Rain Industries share price target equals 7 to 9 times FY28 EPS of Rs 13 and sits near the Rs 99.9 low. It is -57.2% to -45.0% from the last close.
Is Rain Industries a Good Buy at Rs 213? Rain Industries Buy or Sell View
Whether Rain Industries is a buy at Rs 212.63 depends on horizon and risk appetite. The base case sits between 12 percent below and 14 percent above the current price, the stock is 16 percent below its August high, and the open question is whether spreads hold. The Rain Industries share price target range is the starting point for that decision.
Long-term holders may focus on carbon spreads, Advanced Materials margin and debt, and treat Rs 191 as the level to watch. Short-term traders may prefer to wait for a close above Rs 220. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Rain Industries buy or sell view is educational.
How to Invest in Rain Industries Shares
Step 1: Check the live price, valuation and the latest Rain Industries share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Rain Industries share price target.
Step 3: Search for RAIN on the NSE or 500339 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 91 is bearable.
Step 5: Track coke and pitch spreads, volume and Q3 CY2026 results and set price alerts on the Univest App to follow any change in the Rain Industries share price target.
Conclusion
Rain Industries closed at Rs 212.63 against a Univest base case share price target of Rs 187 to Rs 242, a bull case of Rs 300 to Rs 360 and a bear case of Rs 91 to Rs 117. Q2 CY2026 delivered revenue growth of 17 percent and profit of about Rs 341 crore against Rs 83 crore. The main risks are cyclical pricing, lower volume and debt.
The stock is 15.6 percent below its 52-week high, so the base case sits between 12 percent below and 14 percent above the current price. The triggers to watch are coke and pitch spreads, volume and Q3 CY2026 results and the Rs 205 and Rs 220 levels. Re-check the Rain Industries share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Rain Industries live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Rain Industries Share Price Target 2026
What is the Rain Industries share price target for 2026?
Ans. The Rain Industries share price target for 2026 is Rs 187 to Rs 242 in the Univest base case, with a bull case of Rs 300 to Rs 360 and a bear case of Rs 91 to Rs 117. No brokerage target was available on the sources we track as of 6 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q3 CY2026 results.
What is the Rain Industries share price target for 2027?
Ans. The Rain Industries share price target for 2027 is Rs 187 to Rs 242 in the base case, valued on 8.5 to 11 times FY28 EPS of Rs 22. The scenario range runs from Rs 91 to Rs 360.
Is Rain Industries a good buy at Rs 212.63?
Ans. Whether Rain Industries is a good buy at Rs 212.63 depends on your horizon, risk appetite and how you read the Rain Industries share price target. Profit has recovered strongly and the stock trades near book value, but the business is cyclical and debt is high. Consult a SEBI-registered advisor before investing.
What are the key risks to the Rain Industries share price target?
Ans. The key risks to the Rain Industries share price target are cyclical pricing, lower volume, debt level and earnings reset. Coke and pitch spreads swing with aluminium and steel demand. A fall in spreads would cut profit fast.
What are the key catalysts for the Rain Industries share price target?
Ans. The key catalysts for the Rain Industries share price target are carbon pricing, advanced materials, asset value and dividend. Coke and pitch prices lifted revenue 17 percent even with lower volume. Firm spreads keep profit high.
Where can I track Rain Industries share price today and Rain Industries share price target updates?
Ans. You can track the live Rain Industries share price, results and any change to the Rain Industries share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Rain Industries’s 52-week high and low?
Ans. Rain Industries’s 52-week high is Rs 252.00 and its 52-week low is Rs 99.90, based on weekly NSE data. At Rs 212.63 the stock is 15.6 percent below the high and 112.8 percent above the low. Both levels frame the Rain Industries share price target.
How to buy Rain Industries shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for RAIN on the NSE or 500339 on the BSE, and place a limit order near your entry price, using the Rain Industries share price target range as a guide. Size the position so a fall to Rs 91 is bearable, and check the live price on the Univest Screener first.