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Raymond Ltd

(RAYMOND)

₹1603.450.27%

as on 04:01PM, 11 Oct 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Raymond Ltd Analyst Rating

based on 3 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 3 analysts offering long term price targets for Raymond Ltd. An average target of ₹3298.67

Source: S&P Global Market Intelligence

Raymond Ltd Share analysis

Raymond Ltd price forecast by 3 analysts

Upside of105.72%

High

₹3905

Target

₹3298.67

Low

₹2310

Raymond Ltd target price ₹3298.67, a slight upside of 105.72% compared to current price of ₹1603.45. According to 3 analysts rating.

Source: S&P Global Market Intelligence

Raymond Ltd Performance

  • Day's Low

    Day's High

    ₹1,599.15
    ₹1,642
  • 52 Week's Low

    52 Week's High

    ₹1,487.6
    ₹3,496
1 Month Return-13.6 %
3 Month Return-23.69 %
1 Year Return-9.89 %
Previous Close₹1,599.10
Open₹1,612.00
Volume2.20L
Upper Circuit-
Lower Circuit-
Market Cap₹10,645.81Cr

Raymond Ltd Key Statistics

P/E Ratio2.23
PEG Ratio0
Market Cap₹10,645.81 Cr
P/B Ratio4.27
EPS149.098968524289
Dividend Yield0.55
SectorRealty
ROE20.24

Raymond Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹10,645.81 Cr35.26%0.77₹1,643 Cr₹9,019 Cr
BUY₹16,368.17 Cr46.11%0.70₹672 Cr₹9,679 Cr
BUY₹6,305.13 Cr15.59%0.55₹125 Cr₹2,324 Cr
HOLD₹14,042.05 Cr34.92%0.50₹69 Cr₹2,391 Cr
SELL₹3,697.20 Cr-3.45%0.74NANA

About Raymond Ltd

Raymond Ltd is a leading Indian textile and apparel company that was incorporated in 1925 by Mr. Vijaypat Singhania. It is a part of the Raymond Group, which is one of India's largest branded fabric and fashion retailers.

Raymond Ltd has operations in textiles, engineering files tools, prophylactics, apparel, and retail. It is the largest producer of worsted suiting fabric in the world, producing more than 30 million meters of wool and wool-blended fabrics. It also produces high-end fabrics for luxury apparel and accessories. The company has a presence in over 400 cities across India and exports its products to more than 55 countries.

Raymond Ltd's top products include fabrics, readymade garments, accessories, and home furnishing products. Its popular brands include Park Avenue, Parx, ColorPlus, Raymond Premium Apparel, and Zapp! The company also has a range of exclusive retail stores, such as The Raymond Shop, Raymond Next, and Raymond Made to Measure.

Share Price: ₹1603.45 per share as on 11 Oct, 2024 04:01 PM
Market Capitalisation: ₹10,645.81Cr as of today
Revenue: ₹937.65Cr as on June 2024 (Q2 24)
Net Profit: ₹7,366.88Cr as on June 2024 (Q2 24)
Listing date: 03 Nov, 1994
Chairperson Name: Gautam Hari Singhania
OrganisationRaymond Ltd
HeadquartersMumbai
IndustryRealty
E-voting on sharesClick here to vote

Key events for Raymond Ltd

  • Raymond Ltd Approves Investment in Ten X Realty - 12 Sep, 2024

    On September 12, 2024, Raymond Ltd's Board of Directors approved an investment of up to Rs. 100 crore in Redeemable Preference Shares of Ten X Realty West, a wholly owned subsidiary.

  • Raymond Plans Growth Amid New Investments - 06 Sep, 2024

    Raymond Lifestyle aims for 12-15% annual revenue growth while maintaining flat margins. Additionally, Raymond Luxury Cottons will invest Rs 188 crore in a new project, generating 550 jobs.

  • Raymond Lifestyle's Strong Market Debut and Growth Plans - 05 Sep, 2024

    Raymond Lifestyle shares debuted at Rs 3,000 following a demerger, targeting significant growth in the menswear wedding market. The company anticipates strong demand during an extended wedding season, aiming for 12-15% revenue growth over the next few years.

  • Raymond Lifestyle Set for Stock Exchange Listing - 04 Sep, 2024

    Raymond Group announced the listing of Raymond Lifestyle Ltd on September 5, following a demerger. The new entity plans to open 900 stores in three years.

  • Raymond Ltd Prepares for Lifestyle Business Listing - 03 Sep, 2024

    Raymond Ltd shares surged ahead of the upcoming listing of Raymond Lifestyle on September 5. The company plans significant expansion, targeting 900 new outlets and a 7% market share in the men's wedding wear segment by 2027. Chairman Gautam Singhania highlighted the focus on shareholder value and growth opportunities amid market challenges in competing countries.

  • Raymond Seizes Opportunities Amid Bangladesh Crisis - 02 Sep, 2024

    Raymond is poised to benefit from increased inquiries and potential garment manufacturing shifts from Bangladesh, bolstered by recent investments and AI integration in stores.

  • Raymond Sees Growth Opportunities Amid Bangladesh Crisis - 01 Sep, 2024

    Raymond Ltd is poised for growth with a target of 15% sales increase and 15-20% pre-tax earnings after its demerger. The company is also receiving a surge of inquiries from global firms due to the ongoing crisis in Bangladesh, indicating strong potential for business expansion.

  • Raymond Lifestyle Set for September Listing - 30 Aug, 2024

    Raymond Lifestyle is expected to list on stock exchanges in the first week of September 2024. Analysts predict significant growth, with plans to double EBITDA by FY28 and expand its product categories. Shareholders will receive shares in the new entity as part of corporate restructuring.

  • Raymond Lifestyle Set for Stock Market Debut - 29 Aug, 2024

    Raymond Lifestyle, the demerged entity of Raymond Ltd., is expected to list on stock exchanges next week, aiming for aggressive growth in the lifestyle sector. The demerger strategy includes three distinct business verticals, enhancing shareholder value and allowing focused investment opportunities.

  • Raymond Anticipates Growth in Ethnic Wear Segment - 28 Aug, 2024

    Raymond's ethnic wear expansion is expected to thrive this wedding season, with projected growth of 12% to 14% annually over the next four to five years. The company is optimistic about strong demand, supported by a network spanning 600 cities. Last year, Raymond achieved an EBITDA of 1100 crores in its lifestyle business and is now net cash positive.

  • Optimistic Outlook for Raymond Lifestyle Ahead of Listing - 27 Aug, 2024

    Raymond Lifestyle, demerged from Raymond Ltd, is expected to list soon. Analysts project strong revenue growth and positive actions in business restructuring.

  • Raymond Faces Earnings Decline Amid Debt Improvement - 26 Aug, 2024

    Raymond Limited's net debt to equity ratio has improved significantly, but future earnings are expected to decline by 12.8% annually over the next three years. The company is also hiving off its real estate business, which is valued at Rs 8,000 crore.

  • Raymond's Lifestyle Business Set for Upcoming Listing - 21 Aug, 2024

    Raymond's demerged lifestyle division, Raymond Lifestyle, is expected to list in 2-3 weeks. Despite a subdued first quarter, growth is anticipated from the festive season and opportunities in the Bangladeshi garment sector. The company reports strong sales in its Bandra project and consistent growth in its aerospace defense sector, although shares have declined 3% over the past year.

  • Raymond Reports Strong FY24 Revenue Performance - 19 Aug, 2024

    In FY24, Raymond Ltd reported consolidated revenue of Rs 9,286 crore, with its realty business contributing 20%. EBITDA stood at Rs 1,575 crore.

  • Raymond's Strategic Moves Amid Market Opportunities - 16 Aug, 2024

    Gautam Singhania highlights growth potential in the textiles sector due to the Bangladesh crisis, alongside plans for demergers to boost shareholder value. The company also focuses on enhancing customer engagement through AI in retail stores.

  • Raymond Focuses on Men's Clothing Growth - 15 Aug, 2024

    Gautam Singhania, Chairman of Raymond, stated the company will not enter women's clothing due to strong male brand loyalty. He emphasized growth potential in men's clothing, with 300 new stores opened this year.

Insights on Raymond Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 1.10K Cr → 8.30K Cr (in ₹), with an average increase of 86.7% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 14.50% to 15.56% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 159.78 Cr → 7.36K Cr (in ₹), with an average increase of 43.3% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 5.74% to 6.26% in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Swan Energy Ltd has given 87.3% return, outperforming this stock by 97.2%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Swan Energy Ltd has given 334.2% return, outperforming this stock by 86.0%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, RAYMOND stock has moved down by -13.6%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 49.11% to 49.01% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 27.58% to 26.10% in Jun 2024 quarter

Raymond Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹473.37Cr (-)₹2,253.40Cr (↑376.03%)₹2,386.16Cr (↑5.89%)₹943.30Cr (↓60.47%)₹937.65Cr (↓0.60%)
Net Income₹1,066.74Cr (-)₹161.16Cr (↓84.89%)₹185.39Cr (↑15.03%)₹229.79Cr (↑23.95%)₹7,366.88Cr (↑3,105.92%)
Net Profit Margin225.35% (-)7.15% (↓96.83%)7.77% (↑8.67%)24.36% (↑213.51%)785.67% (↑3,125.25%)
Value in ₹ crore
Details2021202220232024
Total Assets₹5,702.24Cr (-)₹5,856.69Cr (↑2.71%)₹6,645.08Cr (↑13.46%)₹8,678.92Cr (↑30.61%)
Total Liabilities₹3,718.30Cr (-)₹4,044.37Cr (↑8.77%)₹4,392.59Cr (↑8.61%)₹5,860.77Cr (↑33.42%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹315.47Cr (-)₹537.46Cr (↑70.37%)₹794.96Cr (↑47.91%)₹667.64Cr (↓16.02%)₹699.33Cr (↑4.75%)

Index Inclusions

Nifty Small 100

₹19,008.80

0.58 (108.8%)

Nifty Smallcap 250

₹18,213.00

0.47 (85.65%)

Nifty MidSmallcap 400

₹20,670.80

0.44 (91.3%)

Nifty 500

₹23,611.25

0.06 (13.1%)

Nifty Realty

₹1,040.60

-0.69 (-7.25%)

Raymond Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
49.01%
-0.20
Foreign Institutions
15.56%
7.30
Mutual Funds
6.26%
9.11
Retail Investors
26.1%
-5.36
Others
3.08%
-0.14

Raymond Ltd Key Indicators

Details202020232024
Return On Equity %4.2122.8220.24
Details20202021202220232024
Return On Assets %4.17-5.214.457.9618.87
Details20202021202220232024
Book Value Per Share (₹)221.7190.25214262.97418.99
Details20202021202220232024
Earning Per Share (₹)18.82-27.5424.0548.71149.1

Raymond Ltd Earnings and Dividends

  • Raymond Ltd Earnings Results

    Raymond Ltd’s net profit jumped 591.51% since last year same period to ₹7,366.46Cr in the Q1 2024-2025. On a quarterly growth basis, Raymond Ltd has generated 3113.85% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Raymond Ltd Dividends May,2024

    In the quarter ending March 2024, Raymond Ltd has declared dividend of ₹10 - translating a dividend yield of 0.81%.

    Read More about Dividends

Raymond Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Raymond Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Raymond Ltd (RAYMOND) share price today is ₹1603.45

Raymond Ltd is listed on NSE

Raymond Ltd is listed on BSE

  • Today’s highest price of Raymond Ltd is ₹1642.
  • Today’s lowest price of Raymond Ltd is ₹1599.15.

Today’s traded volume of Raymond Ltd(RAYMOND) is 2.20L.

Today’s market capitalisation of Raymond Ltd(RAYMOND) is ₹10645.81Cr.

Raymond Ltd(RAYMONDPrice
52 Week High
₹3496
52 Week Low
₹1487.6

Raymond Ltd(RAYMOND) share price is ₹1603.45. It is down -54.13% from its 52 Week High price of ₹3496

Raymond Ltd(RAYMOND) share price is ₹1603.45. It is up 7.79% from its 52 Week Low price of ₹1487.6

Raymond Ltd(RAYMONDReturns
1 Day Returns
4.35%
1 Month Returns
-13.6%
3 Month Returns
-23.69%
1 Year Returns
-9.89%