Raymond Limited (IN:RAYMOND)
:RAYMOND
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Raymond Limited
(RAYMOND)
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Rating:60Neutral
Price Target:
₹615.00
▲(40.86% Upside)
Action:Reiterated
Date:05/19/26
The score is held back primarily by weak recent fundamentals—sharp revenue drop, margin compression, and negative free cash flow—despite a de-risked balance sheet. Offsetting this, technicals show a clear uptrend and valuation appears highly discounted based on the very low P/E.
Positive Factors
De-risked balance sheet
Meaningful deleveraging materially reduces interest burden and financial fragility, improving liquidity and optionality. With a lower debt load the company is better positioned to absorb short-term earnings volatility, fund targeted investments, or sustain operations through cyclical retail lapses over the next 2–6 months.
Negative Factors
Sharp revenue decline
A large drop in top-line volume erodes scale economics and pressures fixed-cost absorption, making margin recovery harder. Persistent revenue weakness in discretionary apparel suggests either demand softening or channel disruption, which could take multiple quarters to reverse and impair cash generation and investment plans.
Read all positive and negative factors
Positive Factors
Negative Factors
De-risked balance sheet
Meaningful deleveraging materially reduces interest burden and financial fragility, improving liquidity and optionality. With a lower debt load the company is better positioned to absorb short-term earnings volatility, fund targeted investments, or sustain operations through cyclical retail lapses over the next 2–6 months.
Read all positive factors
Raymond Limited (RAYMOND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹39.00B
Dividend Yield2.31%
Average Volume (3M)24.73K
Price to Earnings (P/E)0.7
Beta (1Y)1.93
Revenue Growth-36.68%
EPS Growth-30.03%
CountryIN
Employees6,707
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)823.13
Shares Outstanding66,573,730
10 Day Avg. Volume15,946
30 Day Avg. Volume24,730
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.75
Price to Sales (P/S)0.97
P/FCF Ratio-20.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)30.8
Revenue Forecast (FY)₹25.84B
Raymond Limited Business Overview & Revenue Model
Company Description
Established in 1925, Raymond Limited is a diversified Indian conglomerate with global operations, primarily focused on textiles, lifestyle products, and branded apparel. Its extensive business activities are organized across various segments, incl...
How the Company Makes Money
Raymond Limited primarily makes money by manufacturing and selling textile products and by selling branded apparel through wholesale/distribution and company-owned and franchise retail channels. Key revenue streams include (1) textile/fabric sales...
Raymond Limited Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
63
Positive
Cash Flow
33
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.80B | 22.12B | 19.48B | 90.20B | 82.15B | 61.79B |
| Gross Profit | 9.57B | 3.72B | 7.61B | 37.41B | 34.04B | 23.94B |
| EBITDA | 5.04B | 2.35B | 1.95B | 25.22B | 12.15B | 7.27B |
| Net Income | 55.90B | 53.41B | 76.31B | 16.38B | 5.29B | 2.60B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 47.38B | 77.16B | 131.73B | 81.94B | 73.77B |
| Cash, Cash Equivalents and Short-Term Investments | 7.61B | 6.88B | 7.71B | 13.75B | 12.00B | 9.60B |
| Total Debt | 0.00 | 10.55B | 7.40B | 41.82B | 25.29B | 23.54B |
| Total Liabilities | -41.58B | 16.20B | 35.59B | 81.18B | 52.10B | 49.40B |
| Stockholders Equity | 41.58B | 28.44B | 37.16B | 46.17B | 28.99B | 23.59B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.06B | 752.80M | 3.26B | 6.88B | 6.17B |
| Operating Cash Flow | 0.00 | 80.00M | 2.33B | 5.33B | 8.04B | 6.77B |
| Investing Cash Flow | 0.00 | -2.29B | -2.32B | -10.38B | -4.76B | -4.25B |
| Financing Cash Flow | 0.00 | 3.13B | -1.04B | 4.99B | -3.19B | -3.23B |
Raymond Limited Technical Analysis
Positive
436.60
Price Trends
495.72
Positive
438.68
Positive
481.76
Positive
Market Momentum
26.61
Negative
68.39
Neutral
75.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAYMOND, the sentiment is Positive. The current price of 436.6 is below the 20-day moving average (MA) of 551.16, below the 50-day MA of 495.72, and below the 200-day MA of 481.76, indicating a bullish trend. The MACD of 26.61 indicates Negative momentum. The RSI at 68.39 is Neutral, neither overbought nor oversold. The STOCH value of 75.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RAYMOND.
Raymond Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹135.43B | 32.30 | ― | 1.18% | 11.70% | 17.01% | |
68 Neutral | ₹445.89B | 58.67 | ― | 1.71% | 6.32% | 4.76% | |
66 Neutral | ₹190.26B | 25.26 | ― | 1.13% | 0.86% | -15.59% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ₹39.00B | 0.73 | ― | 2.31% | -36.68% | -30.03% | |
57 Neutral | ₹65.00B | 52.05 | ― | 0.31% | 13.99% | ― | |
48 Neutral | ₹73.94B | -9.65 | ― | ― | -37.56% | -57.88% |
* Consumer Cyclical Sector Average
IN:RAYMOND
Raymond Limited
585.75
-15.00
-2.50%
IN:ABFRL
Aditya Birla Fashion and Retail Limited
60.82
-13.83
-18.53%
IN:ARVIND
Arvind Limited
516.65
165.66
47.20%
IN:ARVINDFASN
Arvind Fashions Ltd.
486.45
6.38
1.33%
IN:PAGEIND
Page Industries Limited
39,976.55
-4,832.87
-10.79%
IN:VTL
Vardhman Textiles Limited
657.25
194.63
42.07%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.