Information Technology Consultant

Ishita Jain

Thematic (Sector/Industry)

The 2015 United Nations Climate Change Conference (COP21) to be held in Paris is another attempt to reign in global warming.&nbsp;India, the 3rd largest carbon emitter has, among other things, committed to reducing emissions by changing its energy mix to 40% from renewable sources of energy by 2030. This is an ambitious target and India's plan revolves around the sun. The government is taking steps in the right direction and the sector is receiving a lot of interest. While a lot is happening, let&rsquo;s take a look at the developments that could make this a very favourable sector to invest in.

The 2015 United Nations Climate Change Conference (COP21) to be held in Paris is another attempt to reign in global warming.&nbsp;India, the 3rd largest carbon emitter has, among other things, committed to reducing emissions by changing its energy mix to 40% from renewable sources of energy by 2030. This is an ambitious target and India's plan revolves around the sun. The government is taking steps in the right direction and the sector is receiving a lot of interest. While a lot is happening, let&rsquo;s take a look at the developments that could make this a very favourable sector to invest in.

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Equity Bottom-Up

Mahindra Logistics Ltd / Equity Bottom-Up

<ul>
<li>July 2025 saw significant buying by promoters and key management in 14 companies, signaling insider confidence across diverse sectors.</li>
<li>Engineering, Pharmaceuticals, Consumer, Infrastructure, and Financials stood out with consistent insider purchases.</li>
<li>
 Notable Companies:<a href="https://www.smartkarma.com/entities/shoppers-stop-ltd" target="_blank" data-smartkarma-citation="entities:12804:1" rel="noopener">Shoppers Stop (SHOP IN)</a>,<a href="https://www.smartkarma.com/entities/anup-engineering-limited" target="_blank" data-smartkarma-citation="entities:33785:1" rel="noopener">Anup Engineering (ANUP IN)</a>, <a href="https://www.smartkarma.com/entities/d-b-corp-ltd" target="_blank" data-smartkarma-citation="entities:6044:1" rel="noopener">D.B. Corp Ltd (DBCL IN)</a> , <a href="https://www.smartkarma.com/entities/la-opala-rg-ltd" target="_blank" data-smartkarma-citation="entities:20139:1" rel="noopener">La Opala Rg Ltd (LOG IN)</a> , and <a href="https://www.smartkarma.com/entities/paisalo-digital-limited" target="_blank" data-smartkarma-citation="entities:14342:1" rel="noopener">Paisalo Digital (PAISALO IN)</a> saw aggressive accumulation.</li>
</ul>


July 2025 saw significant buying by promoters and key management in 14 companies, signaling insider confidence across diverse sectors.
Engineering, Pharmaceuticals, Consumer, Infrastructure, and Financials stood out with consistent insider purchases.

 Notable Companies:Shoppers Stop (SHOP IN),Anup Engineering (ANUP IN), D.B. Corp Ltd (DBCL IN) , La Opala Rg Ltd (LOG IN) , and Paisalo Digital (PAISALO IN) saw aggressive accumulation.


July’s Insider Playbook - Buying Activity In 14 Small Cap Companies

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>
<a href="https://www.smartkarma.com/entities/rain-industries-ltd" target="_blank" data-smartkarma-citation="entities:11363:1" rel="noopener">Rain Industries (RINDL IN)</a> is the largest player of CTP and 2nd largest player of CPC in the world delivering loss due to downcycle in industry.</li>
<li>CAQM enabled the import of GPC and CPC improved the pricing and demand further and also has created an opportunity for Rain Industries to ramp up its SEZ plant.</li>
<li>Rain Industries is pivoting to future-ready sectors like EVs and batteries while addressing cyclical challenges. Focused debt reduction and strategic investments enhance its long-term growth potential despite near-term pressures.</li>
</ul>



Rain Industries (RINDL IN) is the largest player of CTP and 2nd largest player of CPC in the world delivering loss due to downcycle in industry.
CAQM enabled the import of GPC and CPC improved the pricing and demand further and also has created an opportunity for Rain Industries to ramp up its SEZ plant.
Rain Industries is pivoting to future-ready sectors like EVs and batteries while addressing cyclical challenges. Focused debt reduction and strategic investments enhance its long-term growth potential despite near-term pressures.


The Beat Ideas: Rain Industries Ltd Analysis, A Cycle Play

Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Forensic Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Forensic Accounting

<ul>
<li>
<a href="https://www.smartkarma.com/entities/rain-industries-ltd" target="_blank" data-smartkarma-citation="entities:11363:1" rel="noopener">Rain Industries (RINDL IN)</a> is one of the global leaders in coal tar pitch and calcined petroleum coke. The company also engages in cement manufacturing.</li>
<li>The company has been facing heat lately especially business related. The fact that there are goodwill impairments, reversal of DTA and costly refinancing puts Rain in a worrying shape.</li>
<li>The company also has seen impairment in fixed assets especially the CWIP. The company also faces high liability for its DB plan in Germany.</li>
</ul>



Rain Industries (RINDL IN) is one of the global leaders in coal tar pitch and calcined petroleum coke. The company also engages in cement manufacturing.
The company has been facing heat lately especially business related. The fact that there are goodwill impairments, reversal of DTA and costly refinancing puts Rain in a worrying shape.
The company also has seen impairment in fixed assets especially the CWIP. The company also faces high liability for its DB plan in Germany.


Writing about Companies with an Unfair Advantage, Unfair Advantage

Unfair Advantage

Writing about Companies with an Unfair Advantage

I write about companies that have an unfair advantage. I might invest in them as well.

<ul><li>Rain Industries is an Indian small-cap company (~$660M) that manufactures 2 carbon-based inputs for Aluminium Industry (10% of global market share).</li><li>It also has a cement &amp; value-added chemical business</li><li>The Company is ignored by market likely due to its ‘commodity’ nature, debt on their balance sheet and small market cap which drives most investors away. </li></ul>

Rain Industries is an Indian small-cap company (~$660M) that manufactures 2 carbon-based inputs for Aluminium Industry (10% of global market share).It also has a cement &amp; value-added chemical businessThe Company is ignored by market likely due to its ‘commodity’ nature, debt on their balance sheet and small market cap which drives most investors away. 

India

Rain Industries Limited is a vertically integrated global producer of carbon-based products, advanced materials, and cement. The company transforms by-products from oil refining and steel production into essential raw materials for industries such as aluminum, graphite electrodes, carbon black, and titanium dioxide. Its key products include calcined petroleum coke, coal tar pitch, and cement sold under the Priya Cement brand. Headquartered in Hyderabad, India, the company was founded in 1974.

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Rain Industries (RINDL IN)

The Case for Solar Energy in India

The 2015 United Nations Climate Change Conference (COP21) to be held in Paris is another attempt to reign in global warming. India, the 3rd largest...

Ishita Jain

July’s Insider Playbook - Buying Activity In 14 Small Cap Companies

July 2025 saw significant insider buying in 14 companies across various sectors, including Engineering, Pharmaceuticals, Consumer, Infrastructure,...

Sreemant Dudhoria

The Beat Ideas: Rain Industries Ltd Analysis, A Cycle Play

Rain Industries faces losses due to industry downcycle but is adapting by focusing on future sectors like EVs and batteries, reducing debt, and...

Sudarshan Bhandari

Rain Industries- Forensic Analysis

Key takeaways pertain to goodwill and FA impairments, DTA reversal, costly refinancing, high liability for its DB plan in Germany, etc.

Nitin Mangal

Rain Industries (RAIN.NSE)

Rain Industries is an Indian small-cap company (~$660M) that manufactures 2 carbon-based inputs for Aluminium Industry (10% of global market share).

Unfair Advantage

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

The Case for Solar Energy in India

The 2015 United Nations Climate Change Conference (COP21) to be held in Paris is another attempt to reign in global warming. India, the 3rd largest...

Ishita Jain

July’s Insider Playbook - Buying Activity In 14 Small Cap Companies

​July 2025 saw significant insider buying in 14 companies across various sectors, including Engineering, Pharmaceuticals, Consumer, Infrastructure,...

Sreemant Dudhoria

The Beat Ideas: Rain Industries Ltd Analysis, A Cycle Play

​Rain Industries faces losses due to industry downcycle but is adapting by focusing on future sectors like EVs and batteries, reducing debt, and...

Sudarshan Bhandari

Rain Industries- Forensic Analysis

​Key takeaways pertain to goodwill and FA impairments, DTA reversal, costly refinancing, high liability for its DB plan in Germany, etc.

Nitin Mangal

Rain Industries (RAIN.NSE)

Rain Industries is an Indian small-cap company (~$660M) that manufactures 2 carbon-based inputs for Aluminium Industry (10% of global market share).

Unfair Advantage

July 2025 saw significant insider buying in 14 companies across various sectors, including Engineering, Pharmaceuticals, Consumer, Infrastructure,...

Rain Industries faces losses due to industry downcycle but is adapting by focusing on future sectors like EVs and batteries, reducing debt, and...

Key takeaways pertain to goodwill and FA impairments, DTA reversal, costly refinancing, high liability for its DB plan in Germany, etc.