Raymond Limited (IN:RAYMOND)
:RAYMOND
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Raymond Limited
(RAYMOND)
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Rating:56Neutral
Price Target:
₹359.00
▼(-17.77% Downside)
Action:ReiteratedDate:03/24/26
The score is supported primarily by solid underlying financial performance (revenue/profitability improvement and positive free-cash-flow trend), but is materially weighed down by a pronounced bearish technical trend (price below all major DMAs, negative MACD) and very expensive valuation (P/E ~199).
Positive Factors
Free cash flow trend
Strong free cash flow growth and a high operating-cash-flow-to-net-income ratio indicate durable cash generation. This enhances liquidity, funds capex or expansion, supports deleveraging, and provides a buffer against cyclical raw-material swings over the coming 2–6 months.
Negative Factors
Recent steep revenue decline
A reported ~61% decline in revenue is structurally significant and can erode scale economics, fixed-cost absorption and bargaining power. If sustained, such a drop pressures margins, cash generation and the ability to fund retail/brand investments in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow trend
Strong free cash flow growth and a high operating-cash-flow-to-net-income ratio indicate durable cash generation. This enhances liquidity, funds capex or expansion, supports deleveraging, and provides a buffer against cyclical raw-material swings over the coming 2–6 months.
Read all positive factors
Raymond Limited (RAYMOND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.37B
Dividend Yield2.31%
Average Volume (3M)24.73K
Price to Earnings (P/E)199.1
Beta (1Y)1.83
Revenue Growth-63.26%
EPS Growth-29.33%
CountryIN
Employees6,707
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.54
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)3.05
Price to Sales (P/S)5.81
P/FCF Ratio150.37
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)18.7
Revenue Forecast (FY)₹25.93B
Raymond Limited Business Overview & Revenue Model
Company Description
Raymond Limited operates as a textile, lifestyle, and branded apparel company in India and internationally. It operates through Textile, Shirting, Apparel, Garmenting, Tools and Hardware, Auto Components, Real Estate Development, and Others segmen...
How the Company Makes Money
Raymond Limited primarily makes money by manufacturing and selling textile and apparel products, monetized through both business-to-business and business-to-consumer channels. Key revenue streams include: (1) Textiles (suiting fabric): revenue gen...
Raymond Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.80B | 19.48B | 90.20B | 82.15B | 61.79B | 34.25B |
| Gross Profit | 9.57B | 7.61B | 37.41B | 34.04B | 23.94B | 12.32B |
| EBITDA | 5.04B | 1.95B | 25.22B | 12.15B | 7.27B | 1.35B |
| Net Income | 55.90B | 76.31B | 16.38B | 5.29B | 2.60B | -2.97B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 77.16B | 131.73B | 81.94B | 73.77B | 67.40B |
| Cash, Cash Equivalents and Short-Term Investments | 7.61B | 7.71B | 13.75B | 12.00B | 9.60B | 6.49B |
| Total Debt | 0.00 | 7.40B | 41.82B | 25.29B | 23.54B | 24.14B |
| Total Liabilities | -41.58B | 35.59B | 81.18B | 52.10B | 49.40B | 45.61B |
| Stockholders Equity | 41.58B | 37.16B | 46.17B | 28.99B | 23.59B | 20.97B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 752.80M | 3.26B | 6.88B | 6.17B | 6.81B |
| Operating Cash Flow | 0.00 | 2.33B | 5.33B | 8.04B | 6.77B | 7.02B |
| Investing Cash Flow | 0.00 | -2.32B | -10.38B | -4.76B | -4.25B | 644.15M |
| Financing Cash Flow | 0.00 | -1.04B | 4.99B | -3.19B | -3.23B | -6.68B |
Raymond Limited Technical Analysis
Negative
436.60
Price Trends
383.08
Negative
422.27
Negative
525.49
Negative
Market Momentum
-12.95
Positive
43.61
Neutral
24.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RAYMOND, the sentiment is Negative. The current price of 436.6 is above the 20-day moving average (MA) of 362.58, above the 50-day MA of 383.08, and below the 200-day MA of 525.49, indicating a bearish trend. The MACD of -12.95 indicates Positive momentum. The RSI at 43.61 is Neutral, neither overbought nor oversold. The STOCH value of 24.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹10.39B | 3.10 | ― | 2.83% | 8.10% | 59.25% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ₹23.37B | 199.12 | ― | 2.31% | -63.26% | -29.33% | |
56 Neutral | ₹58.58B | 65.33 | ― | 0.31% | 10.72% | -115.52% | |
56 Neutral | ₹44.66B | 92.98 | ― | ― | 22.27% | 7.09% | |
40 Neutral | ₹61.97B | -9.11 | ― | ― | -20.02% | 25.52% |
* Consumer Cyclical Sector Average
IN:RAYMOND
Raymond Limited
351.05
-134.58
-27.71%
IN:ALOKINDS
Alok Industries Limited
12.48
-2.47
-16.52%
IN:ARVINDFASN
Arvind Fashions Ltd.
438.35
72.53
19.83%
IN:GOKEX
Gokaldas Exports Limited
609.75
-182.00
-22.99%
IN:MONTECARLO
Monte Carlo Fashions Ltd.
500.95
-11.01
-2.15%
IN:RAYMONDLSL
Raymond Lifestyle Limited
780.80
-189.75
-19.55%
Raymond Limited Corporate Events
Raymond Skips Formal Presentation at Scheduled Investor Conference
Feb 25, 2026
Raymond Limited has clarified that it will not deliver a formal presentation at an investor conference scheduled for February 25, 2026, despite an earlier communication indicating that a presentation would be shared. The company informed stock exc...
Raymond uploads Q3 FY26 investor call audio on website
Jan 27, 2026
Raymond Limited has announced that the audio recording of its investor conference discussing the company’s financial performance for the third quarter and nine months ended December 31, 2025, held on January 27, 2026, has been made available...
Raymond Subsidiary’s ICRA Ratings Withdrawn Following MPPL Amalgamation
Jan 12, 2026
Raymond Limited has announced that, following the amalgamation of its subsidiary Maini Precision Products Limited with JK Maini Precision Technology Limited under a composite scheme of arrangement, credit ratings previously assigned by ICRA to MPP...
Raymond Subsidiaries’ Credit Ratings Withdrawn After Engineering Business Amalgamation
Dec 30, 2025
Raymond Limited has notified stock exchanges that, following the amalgamation of the engineering business of JK Files and Engineering Limited and the merger of Ring Plus Aqua Limited with JK Maini Precision Technology Limited under a composite sch...
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.