Raymond

₹2149.7 64.4 | 3.1%

WEBSITE BSE:500330 NSE : RAYMOND 10 May, 16:01

Market Cap ₹14311 Cr.

Stock P/E 8.7

P/B 3.1

Current Price ₹2149.7

Book Value ₹ 693.6

Face Value 10

52W High ₹2335

Dividend Yield 0.47%

52W Low ₹ 1487

Edit Ratio

Raymond Research see more...

Equity Research: Raymond Ltd

Overview Inc. Year: 1925Industry: Textile - Weaving

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 suiting fabric internationally. The employer operates in two fundamental segments: lifestyle and engineering. Lifestyle consists of suiting, clothes, apparel, denim, and shirting. Engineering consists of tools and hardware and automobile components. India contributes 84% of the Revenue while the Rest of the sector contributes 16%.

Raymond Share Price

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Raymond Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	1843	1958	1728	2168	2168	2150	1771	2253	2386	2609
Other Income	27	74	26	23	31	42	55	67	64	80
Total Income	1871	2032	1754	2191	2200	2192	1826	2321	2450	2688
Total Expenditure	1568	1674	1520	1833	1849	1813	1575	1939	2024	2173
Operating Profit	303	358	235	358	351	379	252	382	426	516
Interest	57	57	59	63	70	64	79	89	104	104
Depreciation	60	59	58	58	58	62	60	65	70	88
Exceptional Income / Expenses	-2	-111	0	-10	-5	-93	-9	-23	0	-11
Profit Before Tax	184	131	117	227	218	160	103	204	252	313
Provision for Tax	83	-132	37	71	116	-23	27	51	63	83
Profit After Tax	101	263	81	156	102	183	76	154	190	230
Adjustments	-1	0	0	3	-7	11	989	6	-6	-1
Profit After Adjustments	100	263	81	159	95	194	1065	160	184	229
Adjusted Earnings Per Share	15.1	39.6	12.2	23.9	14.2	29.2	160	24	27.6	34.4

Raymond Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	4069	4548	5333	5141	5353	5900	6582	6482	3446	6179	8215	9019
Other Income	77	73	96	133	119	123	130	96	201	171	138	266
Total Income	4146	4621	5428	5273	5472	6023	6712	6578	3648	6349	8353	9285
Total Expenditure	3701	4068	4906	4767	5049	5477	6010	5967	3513	5468	7031	7711
Operating Profit	445	553	522	506	423	546	702	612	135	881	1322	1576
Interest	191	197	200	190	178	184	233	303	276	228	257	376
Depreciation	189	196	162	159	157	170	196	340	314	240	235	283
Exceptional Income / Expenses	-29	-35	0	-35	-10	21	-5	38	0	-164	-107	-43
Profit Before Tax	37	125	160	122	78	213	268	7	-455	243	737	872
Provision for Tax	25	30	44	47	22	67	86	-43	-161	-22	200	224
Profit After Tax	12	95	116	76	56	147	183	50	-294	265	537	650
Adjustments	17	13	-3	9	-30	-12	-15	146	-3	-5	-8	988
Profit After Adjustments	29	108	113	85	26	135	168	196	-297	260	529	1638
Adjusted Earnings Per Share	4.7	17.5	18.4	13.8	4.2	21.9	27.4	30.3	-44.6	39.1	79.5	246

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	33%	8%	7%	7%
Operating Profit CAGR	50%	29%	19%	12%
PAT CAGR	103%	121%	30%	46%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	38%	84%	22%	21%
ROE Average	20%	6%	6%	6%
ROCE Average	21%	9%	9%	9%

Raymond Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1379	1466	1541	1672	1673	1812	1954	2376	2097	2359	2899
Minority's Interest	12	71	73	65	69	76	83	88	82	77	85
Borrowings	817	1118	950	955	635	664	411	387	1176	1161	991
Other Non-Current Liabilities	111	114	155	-4	-11	40	15	441	85	-30	264
Total Current Liabilities	1845	1649	1931	2156	2806	3444	4134	4275	2969	3413	3760
Total Liabilities	4163	4418	4650	4845	5172	6037	6597	7567	6409	6980	7999
Fixed Assets	1307	1256	1274	1174	1169	1741	1935	2441	2044	1878	1934
Other Non-Current Assets	560	564	668	810	1041	864	644	719	629	683	1070
Total Current Assets	2297	2598	2707	2860	2962	3432	4018	4407	3736	4419	4995
Total Assets	4163	4418	4650	4845	5172	6037	6597	7567	6409	6980	7999

Raymond Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	31	32	49	44	32	35	45	20	132	232	162
Cash Flow from Operating Activities	326	192	380	317	348	395	251	390	704	677	804
Cash Flow from Investing Activities	-162	-55	-140	-211	-220	-408	-123	-137	64	-425	-476
Cash Flow from Financing Activities	-161	-119	-250	-118	-122	30	-149	-130	-668	-323	-319
Net Cash Inflow / Outflow	3	18	-10	-12	7	16	-21	124	100	-71	10
Closing Cash & Cash Equivalent	32	49	40	32	35	45	20	132	232	162	171

Raymond Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	4.68	17.53	18.38	13.82	4.16	21.93	27.37	30.3	-44.62	39.11	79.45
CEPS(Rs)	32.71	47.35	45.25	38.26	34.67	51.63	61.79	60.25	3.01	75.84	116.01
DPS(Rs)	1	2	3	3	1.25	3	3	0	0	3	3
Book NAV/Share(Rs)	224.45	238.86	251.11	272.45	272.58	295.21	318.31	367.02	314.89	354.09	435.18
Core EBITDA Margin(%)	8.81	10.39	7.87	7.22	5.64	7.16	8.69	7.96	-1.92	11.45	14.34
EBIT Margin(%)	5.44	6.96	6.65	6.03	4.74	6.72	7.61	4.78	-5.19	7.59	12.05
Pre Tax Margin(%)	0.88	2.7	2.95	2.37	1.44	3.61	4.08	0.11	-13.2	3.92	8.93
PAT Margin (%)	0.28	2.05	2.14	1.47	1.04	2.48	2.78	0.77	-8.54	4.27	6.51
Cash Profit Margin (%)	4.8	6.29	5.13	4.54	3.95	5.37	5.76	6.02	0.58	8.14	9.36
ROA(%)	0.29	2.21	2.56	1.6	1.12	2.62	2.89	0.71	-4.21	3.96	7.17
ROE(%)	0.86	6.67	7.71	4.72	3.34	8.41	9.71	2.32	-13.16	11.91	20.44
ROCE(%)	7.29	9.89	10.61	8.72	6.78	9.95	11.67	6.72	-3.99	10.95	21.11
Receivable days	59.99	62.74	59.79	69.4	70.93	66.02	65.03	68.1	112.13	53.88	35.77
Inventory Days	81.44	80.59	75.85	82.18	83.34	89.61	97.4	115.5	203.07	107.25	99.69
Payable days	108.76	113.47	101.25	107.33	105.46	138.34	161.14	179.72	285.33	234.39	207.29
PER(x)	60.78	17.19	24.2	29.4	152.35	40.97	29.58	7.36	0	21.86	15.38
Price/Book(x)	1.27	1.26	1.77	1.49	2.32	3.04	2.54	0.61	1.15	2.41	2.81
Dividend Yield(%)	0.35	0.66	0.67	0.74	0.2	0.33	0.37	0	0	0.35	0.25
EV/Net Sales(x)	0.85	0.81	0.84	0.87	1.11	1.32	1.11	0.55	1.14	1.2	1.21
EV/Core EBITDA(x)	7.77	6.64	8.59	8.82	14.09	14.24	10.41	5.8	29.09	8.43	7.5
Net Sales Growth(%)	11.72	11.77	17.25	-3.6	4.14	10.2	11.57	-1.52	-46.83	79.27	32.96
EBIT Growth(%)	-38.49	41.44	12.04	-13.33	-18.04	55.2	26.19	-38.12	-157.75	363.01	111.22
PAT Growth(%)	-91.8	708.85	22.15	-34.48	-26.32	162.06	24.69	-72.56	-686.57	190.12	102.54
EPS Growth(%)	-81.56	274.64	4.82	-24.8	-69.93	427.59	24.8	10.73	-247.23	187.65	103.17
Debt/Equity(x)	1.27	1.3	1.22	1.23	1.28	1.3	1.26	1.02	0.99	0.88	0.72
Current Ratio(x)	1.25	1.58	1.4	1.33	1.06	1	0.97	1.03	1.26	1.29	1.33
Quick Ratio(x)	0.73	0.91	0.8	0.78	0.6	0.53	0.51	0.52	0.71	0.71	0.66
Interest Cover(x)	1.19	1.63	1.8	1.65	1.44	2.16	2.15	1.02	-0.65	2.07	3.87
Total Debt/Mcap(x)	1	1.03	0.69	0.83	0.55	0.43	0.5	1.68	0.86	0.36	0.26

Raymond Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	48.99	49.11	49.11	49.11	49.11	49.11	49.11	49.11	49.11	49.11
FII	9.57	10.2	14.17	14.95	16.27	16.7	17.76	17.71	14.39	14.5
DII	4.65	4.68	4.89	5.12	4.97	5.1	5.51	6.01	7.88	8.78
Public	36.68	35.91	31.73	30.73	29.56	29	27.62	27.17	28.62	27.61
Others	0.1	0.1	0.1	0.09	0.09	0.09	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	3.26	3.27	3.27	3.27	3.27	3.27	3.27	3.27	3.27	3.27
FII	0.64	0.68	0.94	1	1.08	1.11	1.18	1.18	0.96	0.97
DII	0.31	0.31	0.33	0.34	0.33	0.34	0.37	0.4	0.52	0.58
Public	2.44	2.39	2.11	2.05	1.97	1.93	1.84	1.81	1.91	1.84
Others	0.01	0.01	0.01	0.01	0.01	0.01	0	0	0	0
Total	6.66	6.66	6.66	6.66	6.66	6.66	6.66	6.66	6.66	6.66

Pros

Company has delivered good profit growth of 29% CAGR over last 5 years
Debtor days have improved from 234.39 to 207.29days.
Company has reduced debt.

Cons

Promoter holding is low: 49.11%.
Company has a low return on equity of 6% over the last 3 years.
Stock is trading at 3.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Raymond

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Raymond Research see more...

Overview Inc. Year: 1925Industry: Textile - Weaving

Raymond Share Price

Alert Data

Quarterly Price

Peer Comparison

Raymond Quarterly Results

Raymond Profit & Loss

Growth Rates

Raymond Balance Sheet

Raymond Cash Flow

Raymond Ratios

Raymond Shareholding Pattern

Raymond News

IPO

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