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Raymond Ltd

₹ 396-1.80%
16 Jan 3:08 p.m. – close price
🔗raymond.in•BSE: 500330•NSE: RAYMOND
Market Cap₹ 2,636 Cr.
Current Price₹ 396
High / Low₹ 784
Stock P/E64.9
Book Value₹ 296
Dividend Yield0.00 %
ROCE1.17 %
ROE294 %
Face Value₹ 10.0
Sales₹ 4.52 Cr.
OPM-1,788 %
Mar Cap₹ 2,636 Cr.

ABOUT

Raymond Limited incorporated in 1925 is a diversified group with interests in Textile & Apparel sectors as well as presence across diverse segments such as Real Estate, FMCG, Engineering in national and international markets 55+ Countries including the USA, Europe, Japan & Middle East. The Company has a retail network of 1,638 stores, including 1,589 stores in about 600 towns and cities in India and 49 overseas stores in nine countries. It is one of the largest vertically and horizontally integrated manufacturers of worsted suiting fabric in the world.[1][2]

KEY POINTS

Raymond Group[1]1 Raymond Lifestyle Ltd.(RLL): It deals with the branded textiles and garments business. It was demerged in FY24.[2]2 Raymond Realty (RR): It deals with the real estate owning land in Thane and has JDAs. It has projects like TenX, Invictus and The Address.3 Raymond Ltd.: The Engineering Division

Also present in buckets:
Excellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.DLF649.7541.66160833.350.911180.09-27.081643.04-16.816.519016.0322.473859.741007.103.787.300.04
2.Lodha Developers1067.8032.06106649.680.40789.8086.503798.5044.6715.6215597.5029.613329.50788.705.055.700.45
3.Phoenix Mills1854.6561.9966321.980.13384.0939.381115.4321.5110.754059.8957.731069.86303.996.146.110.46
4.Prestige Estates1519.4085.4965445.210.12457.40123.882431.705.527.667921.9036.60765.50430.304.151.150.92
5.Oberoi Realty1665.5027.1060557.930.49760.2628.981779.0434.7917.735327.8156.592233.06760.263.5910.230.18
6.Godrej Propert.1888.0036.6456867.740.00402.9920.84740.38-32.286.574265.55-18.341549.83405.083.182.670.89
7.Brigade Enterpr.837.7025.8020481.630.30170.2836.581383.3729.0313.345588.8426.50795.44162.503.173.390.83
8.Raymond395.9564.892636.000.00-2.85-121.870.09-90.001.174.52-1787.6140.62-2.851.39134.920.00
–Median: 94 Co.171.534.11827.780.04.25.5844.199.847.71164.1316.5211.743.32.852.540.44

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
1,519.681,550.951,515.84236.86243.96440.751.861.750.902.201.240.990.09
Expenses
1,273.001,306.751,252.76220.49214.74392.6614.7412.1818.5022.1124.5215.3023.39
Operating Profit
246.68244.20263.0816.3729.2248.09-12.88-10.43-17.60-19.91-23.28-14.31-23.30
Other Income
18.1936.17-44.8155.47127.74154.76222.898,800.46100.13101.99141.155,316.0727.53
Profit before tax
169.43179.29118.4753.91136.98180.70196.218,783.0274.6073.69110.785,293.02-3.81
Tax %
33.67%53.87%-29.64%19.88%7.34%10.85%0.37%0.08%11.29%-2.52%0.48%0.08%-25.20%
Net Profit
112.3882.70153.5943.19126.93161.10195.488,776.3866.1875.55110.255,289.05-2.85
EPS in Rs
16.8712.4223.066.4819.0624.1929.351,317.779.9411.3416.55794.15-0.43

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
2,1862,6452,7922,8223,0123,2763,1862,1764,2615,780865
Expenses
2,0472,4182,5642,6622,8013,0392,9302,3293,7674,864657685
Operating Profit
139227228160210238257-153493916-57-70-81
Other Income
217124131122174140163190-584326319,1435,587
Interest
153148155144147175194238195228100
Depreciation
11493929096109155229404159373032
Profit before tax
88110112471419470-431-6895615379,0425,474
Net Profit
881007434987494-277-3964105279,0285,472
EPS in Rs
14.3516.2912.015.5115.9712.0214.58-41.52-59.4561.6379.081,355.61821.61
Dividend Payout %
14%18%25%23%19%25%-0%-0%-5%5%13%-0%–

Compounded Sales Growth

10 Years:-46%
5 Years:-71%
3 Years:-89%
TTM:-99%

Compounded Profit Growth

10 Years:59%
5 Years:167%
3 Years:170%
TTM:-68%

Stock Price CAGR

10 Years:17%
5 Years:41%
3 Years:8%
1 Year:-27%

Return on Equity

10 Years:59%
5 Years:90%
3 Years:131%
Last Year:294%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
61616161616165676767676767
Reserves
1,0391,1061,1581,1631,2561,3071,7181,9171,7462,1862,7523,2561,902
Borrowings
1,4151,3461,5871,6051,6371,7351,4971,9971,9772,2293,3151-0
Other Liabilities
5266706827771,0401,1531,3981,7102,0532,1392,5061,428111
Total Liabilities
3,0413,1833,4893,6063,9944,2574,6785,6915,8426,6218,6394,7522,079
Fixed Assets
6746116005741,1121,0711,2211,2691,1711,2601,583340327
Gross Block
1,806.171,835.41690.93755.101,386.691,449.141,727.772,072.262,039.342,222.782,740.93604.13–
Accumulated Depreciation
1,132.391,223.9990.43181.00274.60378.61506.83803.57868.83963.181,157.59264.26–
CWIP
15816719728510473018152960-0-0
Investments
7707097618368047056485931,0911,5451,8841,1021,302
Other Assets
1,4401,6961,9311,9102,0682,4342,7793,8113,5663,7875,1113,310451
Total Assets
3,0413,1833,4893,6063,9944,2574,6785,6915,8426,6218,6394,7522,079

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
1315018122925393315537795668670341
Cash from Investing Activity
4578-98-65-118-1-5226-688-412-939-239
Cash from Financing Activity
-55-234-88-166-116-112-153-483-231-218273-142
Net Cash Flow
3-6-5-220-2011181-124385-40

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
80799592757562154623741,80253
Inventory Days
253185203206277273370411380358––
Days Payable
108105100118160159193291338245––
Cash Conversion Cycle
22515819818019219023927410315041,80253
Working Capital Days
33175-51-64-68-319014535,72380,737
ROCE %
7%10%10%6%8%10%7%-5%9%22%1%1%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
49.15%49.15%49.11%49.11%49.11%49.11%49.01%48.87%48.87%48.87%48.87%48.87%
FIIs
16.28%16.72%17.76%17.71%14.39%14.50%15.56%15.67%15.38%15.64%13.79%13.61%
DIIs
4.97%5.10%5.50%6.00%7.88%8.78%9.29%7.30%7.19%6.84%4.80%3.53%
Public
29.58%29.03%27.62%27.14%28.59%27.59%26.10%28.11%28.52%28.60%32.50%33.95%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Raymond Limited Files SEBI Compliance Certificate for Dematerialization (Q4 FY26)

8th April 2026, 5:23 pm

J.K. Investors Pledges 5.35% of Raymond Shares to Aditya Birla Capital

25th March 2026, 1:11 am

J.K. Investors (Bombay) Limited Pledges 500,000 Raymond Shares for Loan Collateral

5th March 2026, 10:03 pm

Raymond Limited to Participate in Arihant Capital Investor Conference on March 11

4th March 2026, 5:40 pm

Raymond Clarifies Investor Conference Participation: No Formal Presentation

25th February 2026, 9:18 pm

Published by Other Websites

External media mentions & references

Gujarat Gas, Man Infra, Raymond Surge 12-19% in Pre-Opening Demand

8th April 2026, 9:23 am

Raymond Realty FY26 Pre-Sales Top ₹3000 Cr, Q4 Surges 139%

2nd April 2026, 9:23 pm

Raymond Realty Q4 Pre-Sales Skyrocket 139% Amid MMR Demand

2nd April 2026, 5:34 pm

Raymond Realty Q4 Pre-Sales Soar Over 2X to ₹1,519 Cr

2nd April 2026, 5:29 pm

Raymond Patriarch Vijaypat Singhania Dies; Architect of Brand's Ascent

29th March 2026, 5:02 pm

News Articles

Editorial & research coverage

India-US Trade Pact: Fleeting Edge for Exporters Amidst Global Competition
India-US Trade Pact: Fleeting Edge for Exporters Amidst Global Competition

9th February 2026, 10:01 pm

India-US Trade Deal: Raymond, T&R Gain Tariff Edge
India-US Trade Deal: Raymond, T&R Gain Tariff Edge

3rd February 2026, 4:29 pm

Post-Budget Sell-off: Analysts Eye Select Stocks
Post-Budget Sell-off: Analysts Eye Select Stocks

2nd February 2026, 7:13 am

Raymond's Core Divisions Power Q3 Growth Amid Sector Gains
Raymond's Core Divisions Power Q3 Growth Amid Sector Gains

27th January 2026, 6:10 pm

Indian Equities Recover; FTA, Earnings Drive Divergence
Indian Equities Recover; FTA, Earnings Drive Divergence

27th January 2026, 3:44 pm

Documents

Announcements

Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011.

1d - J.K. Investors pledged 2,562,471 Raymond shares (3.85%) to Bajaj Finance on 08/01/2026.

Announcement under Regulation 30 (LODR)-Credit Rating

12 Jan - ICRA withdrew ratings for MPPL's Rs315 crore bank facilities after its amalgamation, per January 12, 2026 letter.

Announcement under Regulation 30 (LODR)-Newspaper Publication
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

Rating update

22 Jul 2025 from care

Rating update

9 Dec 2024 from care

Rating update

22 Nov 2024 from crisil

Rating update

11 Jul 2024 from care

Rating update

11 Jul 2024 from crisil

Rating update

1 Jul 2024 from crisil

Concalls

Nov 2025

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Stock Analysis

Description

Raymond Limited is a diversified conglomerate with interests in textiles, apparel, real estate, FMCG, and engineering, operating globally across 55+ countries.

Key Growth Triggers

Currently no data available for Key Growth Triggers.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. The primary red flag concerns the promoter, J.K. Investors (Bombay) Limited, pledging a significant portion (3.85%) of its shares in Raymond Limited. This could indicate potential financial strain or liquidity requirements at the group level, although it is stated as collateral for group company loans.

Key Dates To Watch

  1. January 8, 2026: Date of creation of the pledge on promoter shares.
  2. January 14, 2026: Date of the disclosure filing by the promoter.

Corporate Announcements

8th Apr 26
Impact Rating: 2
Raymond Limited filed its SEBI compliance certificate for the quarter ended March 31, 2026. The filing confirms correct processing of dematerialized securities and updates by the registrar, MUFG Intime India Private Limited.
24th Mar 26
Impact Rating: 8
J.K. Investors pledged 5.35% (3.56 million shares) of Raymond Ltd shares on March 17 for company loans. Aditya Birla Capital now holds 6.63% (4.41 million shares) as a result.
5th Mar 26
Impact Rating: 8
J.K. Investors (Bombay) Limited disclosed pledging 500,000 Raymond shares (0.75%) to ADITYA BIRLA CAPITAL LIMITED as loan collateral. The promoter's post-event encumbered holding is 5.35%.
4th Mar 26
Impact Rating: 7
Raymond Limited announced its participation in the virtual Arihant Capital investor conference on March 11, 2026. The company will present its Q3 FY26 and 9M FY26 results and engage in investor meetings.
25th Feb 26
Impact Rating: 3
Raymond Limited has clarified its participation in an investor conference on February 25, 2026. The company informed the stock exchanges that it will not be delivering any formal presentation at the event.