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Raymond Overview

Raymond Ltd incorporated in 1925 is a assorted institution with pursuits in Textile & Apparel sectors as well as presence throughout diverse segments along with Real Estate, FMCG, Engineering in national and worldwide markets in 55 Countries which include the united states, Europe, Japan & Middle East. The Company has a retail community of 1,638 stores, such as 1,589 stores in about 600 cities and towns in India and 49 remote places stores in nine nations. It is certainly one of the biggest vertically and horizontally included manufacturers of ...Read More

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Raymond Key Financials

Market Cap ₹2949 Cr.

Stock P/E 56.7

P/B 0.9

Current Price ₹443

Book Value ₹ 489.4

Face Value 10

52W High ₹1602

Dividend Yield 0%

52W Low ₹ 320.4

Raymond Share Price

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Volume
Price

Raymond Quarterly Price

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Raymond Peer Comparison

Raymond Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 470 678 266 450 474 466 557 524 528 557
Other Income 42 48 43 50 38 27 44 31 36 23
Total Income 512 727 309 500 512 493 601 555 564 580
Total Expenditure 414 600 237 405 435 427 503 468 484 497
Operating Profit 98 127 72 95 77 65 99 87 79 83
Interest 9 22 5 16 16 16 17 19 22 21
Depreciation 17 18 21 35 37 37 37 39 38 38
Exceptional Income / Expenses -23 0 -11 0 0 0 0 0 -167 -14
Profit Before Tax 49 87 36 44 24 12 45 30 -148 10
Provision for Tax 9 24 4 8 9 1 9 8 -162 3
Profit After Tax 40 63 32 36 15 11 36 23 14 7
Adjustments 120 120 197 7331 45 61 97 5303 -3 -4
Profit After Adjustments 160 184 229 7366 60 72 133 5325 11 4
Adjusted Earnings Per Share 24 27.6 34.4 1106.9 9 10.8 19.9 800.2 1.7 0.5

Raymond Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 5333 5141 5353 5900 6582 6482 3446 6179 8215 9020 1947 2166
Other Income 96 133 119 123 130 96 201 171 138 270 158 134
Total Income 5428 5273 5472 6023 6712 6578 3648 6349 8353 9290 2105 2300
Total Expenditure 4906 4767 5049 5477 6010 5967 3513 5468 7031 7715 1770 1952
Operating Profit 522 506 423 546 702 612 135 881 1322 1575 335 348
Interest 200 190 178 184 233 303 276 228 257 376 65 79
Depreciation 162 159 157 170 196 340 314 240 235 284 146 152
Exceptional Income / Expenses 0 -35 -10 21 -5 38 0 -164 -107 -43 0 -181
Profit Before Tax 160 132 52 208 260 159 -465 243 737 1866 78 -63
Provision for Tax 44 47 22 67 86 -43 -161 -22 200 223 26 -142
Profit After Tax 116 86 30 142 175 202 -304 265 537 1643 52 80
Adjustments -3 -1 -4 -7 -7 -6 7 -5 -8 -5 7579 5393
Profit After Adjustments 113 85 26 135 168 196 -297 260 529 1638 7631 5473
Adjusted Earnings Per Share 18.4 13.8 4.2 21.9 27.4 30.3 -44.6 39.1 79.5 246.1 1146.7 822.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -78% -32% -21% -10%
Operating Profit CAGR -79% -28% -11% -4%
PAT CAGR -97% -42% -24% -8%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -72% -35% 6% -1%
ROE Average 1% 22% 13% 10%
ROCE Average 2% 19% 13% 11%

Raymond Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 1541 1672 1673 1812 1954 2376 2097 2359 2899 4617 3716
Minority's Interest 73 65 69 76 83 88 82 77 85 438 441
Borrowings 950 955 635 664 411 387 1176 1161 991 2368 289
Other Non-Current Liabilities 155 -4 -11 40 15 441 85 -30 264 1137 253
Total Current Liabilities 1931 2156 2806 3444 4134 4275 2969 3413 3781 4442 833
Total Liabilities 4650 4845 5172 6037 6597 7567 6409 6980 8019 13001 7716
Fixed Assets 1274 1174 1169 1741 1935 2441 2044 1878 1934 3475 1772
Other Non-Current Assets 668 810 1041 864 644 719 629 683 1070 2137 741
Total Current Assets 2707 2840 2953 3432 4017 4406 3735 4419 5016 7389 1753
Total Assets 4650 4845 5172 6037 6597 7567 6409 6980 8019 13001 7716

Raymond Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 49 44 32 35 45 20 132 232 162 171 182
Cash Flow from Operating Activities 380 317 348 395 251 390 704 677 804 533 233
Cash Flow from Investing Activities -140 -211 -220 -408 -123 -137 64 -425 -476 -1042 -232
Cash Flow from Financing Activities -250 -118 -122 30 -149 -130 -668 -323 -319 502 -104
Net Cash Inflow / Outflow -10 -12 7 16 -21 124 100 -71 10 -6 -102
Closing Cash & Cash Equivalent 40 32 35 45 20 132 232 162 171 165 79

Raymond Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 18.38 13.82 4.16 21.93 27.37 30.3 -44.62 39.11 79.45 246.09 1146.71
CEPS(Rs) 45.25 39.83 30.45 50.81 60.49 83.68 1.58 75.84 116.01 289.51 29.77
DPS(Rs) 3 3 1.25 3 3 0 0 3 3 10 0
Book NAV/Share(Rs) 251.11 272.45 272.58 295.21 318.31 367.02 314.89 354.09 435.18 690.97 553.77
Core EBITDA Margin(%) 7.87 7.22 5.64 7.16 8.44 7.61 -1.83 11.45 14.34 14.41 9.06
EBIT Margin(%) 6.65 6.21 4.26 6.64 7.27 6.81 -5.21 7.59 12.05 24.76 7.38
Pre Tax Margin(%) 2.95 2.55 0.96 3.52 3.84 2.35 -12.83 3.92 8.93 20.61 4.02
PAT Margin (%) 2.14 1.65 0.56 2.4 2.58 2.98 -8.38 4.27 6.51 18.15 2.67
Cash Profit Margin (%) 5.13 4.72 3.47 5.28 5.48 7.99 0.29 8.14 9.36 21.28 10.18
ROA(%) 2.56 1.8 0.6 2.53 2.77 2.85 -4.35 3.96 7.16 15.63 0.5
ROE(%) 7.71 5.32 1.79 8.12 9.28 9.32 -13.58 11.91 20.44 43.84 1.26
ROCE(%) 10.61 8.99 6.09 9.83 11.48 10.01 -4.2 10.95 21.11 34.55 2.32
Receivable days 59.79 69.4 70.93 66.02 63.13 65.17 106.7 53.88 35.77 43.37 169.93
Inventory Days 75.85 82.18 83.34 89.61 94.55 110.53 193.24 107.25 99.69 121.17 368.71
Payable days 101.25 107.33 105.46 138.34 161.14 179.72 285.33 234.39 207.29 266.19 608.16
PER(x) 24.2 29.4 152.35 40.97 29.58 7.36 0 21.86 15.38 7.35 1.22
Price/Book(x) 1.77 1.49 2.32 3.04 2.54 0.61 1.15 2.41 2.81 2.62 2.53
Dividend Yield(%) 0.67 0.74 0.2 0.33 0.37 0 0 0.35 0.25 0.55 0
EV/Net Sales(x) 0.84 0.87 1.11 1.32 1.11 0.55 1.14 1.2 1.21 1.65 4.99
EV/Core EBITDA(x) 8.59 8.82 14.09 14.24 10.41 5.8 29.09 8.43 7.5 9.44 29.03
Net Sales Growth(%) 17.25 -3.6 4.14 10.2 11.57 -1.52 -46.83 79.27 32.96 9.8 -78.42
EBIT Growth(%) 12.04 -10.66 -28.55 70.52 25.77 -6.36 -140.84 349.78 111.22 125.38 -93.59
PAT Growth(%) 22.15 -26.19 -64.91 371.62 23.47 15.44 -250.5 187.31 102.54 205.99 -96.83
EPS Growth(%) 4.82 -24.8 -69.93 427.59 24.8 10.73 -247.23 187.65 103.17 209.73 365.98
Debt/Equity(x) 1.22 1.23 1.28 1.3 1.26 1.02 0.99 0.88 0.72 0.73 0.18
Current Ratio(x) 1.4 1.32 1.05 1 0.97 1.03 1.26 1.29 1.33 1.66 2.1
Quick Ratio(x) 0.8 0.77 0.59 0.53 0.51 0.52 0.71 0.71 0.67 0.87 1.6
Interest Cover(x) 1.8 1.7 1.29 2.13 2.12 1.53 -0.68 2.07 3.87 5.96 2.2
Total Debt/Mcap(x) 0.69 0.83 0.55 0.43 0.5 1.68 0.86 0.36 0.26 0.28 0.07

Raymond Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 49.11 49.11 49.01 48.87 48.87 48.87 48.87 48.87 48.87 48.87
FII 14.39 14.5 15.56 15.67 15.38 15.64 13.79 13.61 11.01 9.75
DII 7.88 8.78 9.3 7.31 7.2 6.85 4.8 3.53 3.44 3.62
Public 28.62 27.61 26.13 28.15 28.55 28.65 32.54 33.99 36.69 37.77
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Raymond News

Raymond Pros & Cons

Pros

  • Stock is trading at 0.9 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 22%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 48.87%.
  • Debtor days have increased from 266.19 to 608.16days.
  • The company has delivered a poor profit growth of -23% over past five years.
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