Raymond Limited (RAYMOND) AI Stock Analysis

• Market Cap: ₹38.08B
• Dividend Yield: 2.04%
• Average Volume (3M): 24.73K
• Price to Earnings (P/E): 0.7
• Beta (1Y): 1.76
• Revenue Growth: -63.26%
• EPS Growth: -29.33%
• Country: IN
• Employees: 6,707
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 1.70
• Shares Outstanding: 66,573,730
• 10 Day Avg. Volume: 15,946
• 30 Day Avg. Volume: 24,730
• PEG Ratio: 0.01
• Price to Book (P/B): 9.14
• Price to Sales (P/S): 17.43
• P/FCF Ratio: 451.12
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: ₹534.00 ▲(10.69% Upside)

Raymond Limited's overall stock score is primarily influenced by its solid financial performance, despite bearish technical indicators. The low P/E ratio suggests potential undervaluation, but market sentiment appears cautious, as reflected in the technical analysis.

Positive Factors

Business Model Strength

Raymond's diversified revenue streams across textiles, apparel, and retail enhance resilience and adaptability to market changes, supporting long-term stability.

Cash Generation Ability

Strong free cash flow growth indicates effective income conversion and financial flexibility, allowing for reinvestment and debt management.

Revenue Growth Trends

Consistent revenue growth reflects successful market penetration and product demand, contributing to sustained business expansion.

Negative Factors

Rising Debt Levels

While leverage is currently balanced, rising debt could strain financial resources, impacting long-term growth and flexibility if not managed.

Margin Sustainability

Suboptimal EBIT margins suggest potential inefficiencies, which could hinder profitability and competitiveness if not addressed.

Revenue Decline

A significant decline in revenue growth indicates challenges in maintaining sales momentum, which could affect future earnings and market position.

Raymond Limited Business Overview & Revenue Model

Company Description

Raymond Limited (RAYMOND) is a leading Indian textile and apparel company, primarily engaged in the manufacturing and marketing of high-quality fabrics and garments. Established in 1925, Raymond operates across various segments, including textiles, apparel, and garments, along with a presence in the readymade garments sector. The company's core products include suiting and shirting fabrics, woolen and cotton garments, and a range of lifestyle products, catering to both domestic and international markets.

How the Company Makes Money

Raymond generates revenue through multiple key streams. The primary source is its textiles division, which produces a wide array of fabrics used in the apparel industry. This division benefits from strong brand recognition and a loyal customer base. Additionally, Raymond has diversified its income through its apparel segment, which includes branded clothing under various labels, contributing significantly to sales. The company also earns revenue from its retail operations, which encompass exclusive brand outlets (EBOs) and multi-brand outlets (MBOs) that sell its products directly to consumers. Partnerships with various retail chains and e-commerce platforms further enhance its distribution capabilities. Furthermore, Raymond invests in premium lifestyle products and home textiles, creating additional revenue opportunities. Overall, the combination of strong brand equity, diverse product offerings, and strategic retail partnerships positions Raymond for sustained profitability.

Raymond Limited Financial Statement Overview

Summary

Raymond Limited exhibits solid financial health with strong revenue and net income growth. The balance sheet is stable but could benefit from reduced leverage. Cash flow is positive, enhancing financial flexibility.

Income Statement

Raymond Limited has demonstrated strong revenue growth over the years, particularly notable between 2022 and 2024. The company has improved its net profit margin significantly, indicative of enhanced cost management and operational efficiency. However, the EBIT margin shows room for improvement, suggesting potential inefficiencies in operational expenses.

Balance Sheet

The company's balance sheet reveals a moderate debt-to-equity ratio, which suggests balanced leverage but could pose risks if not managed carefully. The equity ratio indicates a stable capital structure, though there is potential for further strengthening equity to reduce financial risk. Return on equity has shown improvement, reflecting better profitability relative to shareholder investments.

Cash Flow

Raymond's cash flow statement shows a positive trend in free cash flow growth, enhancing financial flexibility. The operating cash flow to net income ratio is strong, indicating efficient conversion of income into cash flow. Continued focus on optimizing free cash flow relative to net income will be crucial for maintaining liquidity and funding growth opportunities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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

• Technical Analysis Sentiment: Negative
• Last Price: 482.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: 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 482.45 is below the 20-day moving average (MA) of 523.52, below the 50-day MA of 563.54, and below the 200-day MA of 574.93, indicating a bearish trend. The MACD of -25.30 indicates Positive momentum. The RSI at 29.41 is Positive, neither overbought nor oversold. The STOCH value of 44.86 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MONTECARLO	73 Outperform	₹15.97B	18.47	―	2.43%	8.10%	59.25%
GOKEX	69 Neutral	₹67.94B	43.61	―	―	22.27%	7.09%
ARVINDFASN	62 Neutral	₹70.11B	―	―	0.32%	10.72%	-115.52%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
RAYMOND	58 Neutral	₹38.08B	0.69	―	2.04%	-63.26%	-29.33%
ALOKINDS	40 Underperform	₹87.09B	-12.78	―	―	-20.02%	25.52%

Raymond Limited Corporate Events

Raymond Limited Releases Investor Conference Recording on Financial Performance

Raymond Limited announced that the audio recording of its investor conference, discussing the company’s financial performance for the quarter and half-year ending September 30, 2025, is now available on its website. This update provides stakeholders with insights into the company’s recent financial results, potentially impacting its market position and investor relations.