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Raymond Limited
(RAYMOND)
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Rating:45Neutral
Price Target:
₹723.00
▲(21.43% Upside)
Action:Reiterated
Date:08/19/26
The score is held back primarily by weakening financial performance—sharp recent revenue and margin deterioration plus negative free cash flow—despite an improved leverage profile. Technicals are moderately supportive with the stock above major moving averages, but the valuation is a major headwind given the very high P/E.
Positive Factors
Diversified business model
Raymond spans branded textiles, branded apparel and garment manufacturing, while reaching customers through wholesale, retail and e-commerce channels. This diversification can reduce reliance on any single product or route to market and supports multiple ways to capture value from its brands and manufacturing capabilities.
Negative Factors
Sharp revenue contraction
Two consecutive years of falling revenue indicate a meaningful deterioration in demand, distribution productivity or business mix rather than a single isolated fluctuation. Prolonged top-line weakness can reduce operating leverage, weaken brand investment capacity and make near-term earnings recovery less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Raymond spans branded textiles, branded apparel and garment manufacturing, while reaching customers through wholesale, retail and e-commerce channels. This diversification can reduce reliance on any single product or route to market and supports multiple ways to capture value from its brands and manufacturing capabilities.
Read all positive factors
Raymond Limited (RAYMOND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹49.36B
Dividend Yield1.92%
Average Volume (3M)59.02K
Price to Earnings (P/E)105.0
Beta (1Y)1.66
Revenue Growth-25.55%
EPS Growth-99.34%
CountryIN
Employees42
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)7.06
Shares Outstanding66,573,730
10 Day Avg. Volume114,110
30 Day Avg. Volume59,019
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)37.9
Revenue Forecast (FY)₹30.64B
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 primarily makes money by designing, manufacturing, branding, and selling textile and apparel products across multiple channels. A major revenue stream comes from branded textiles (notably suiting and shirting fabrics), where the company ea...
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 | 22.93B | 22.12B | 19.48B | 90.20B | 82.15B | 61.79B |
| Gross Profit | 7.02B | 3.72B | 7.61B | 37.41B | 34.04B | 23.94B |
| EBITDA | 2.49B | 2.35B | 1.95B | 25.22B | 12.15B | 7.27B |
| Net Income | 469.30M | 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 | 6.64B | 6.88B | 7.71B | 13.75B | 12.00B | 9.60B |
| Total Debt | 0.00 | 10.64B | 7.40B | 41.82B | 25.29B | 23.54B |
| Total Liabilities | -31.18B | 16.20B | 35.59B | 81.18B | 52.10B | 49.40B |
| Stockholders Equity | 31.18B | 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
595.40
Price Trends
620.68
Positive
566.94
Positive
489.27
Positive
Market Momentum
23.67
Negative
72.52
Negative
89.92
Negative
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 595.4 is below the 20-day moving average (MA) of 645.19, below the 50-day MA of 620.68, and above the 200-day MA of 489.27, indicating a bullish trend. The MACD of 23.67 indicates Negative momentum. The RSI at 72.52 is Negative, neither overbought nor oversold. The STOCH value of 89.92 is Negative, 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹150.59B | 34.98 | ― | 0.81% | 15.21% | 12.58% | |
62 Neutral | ₹404.66B | 53.57 | ― | 1.66% | 7.57% | -1.16% | |
61 Neutral | ₹172.60B | 19.94 | ― | 0.84% | 3.29% | -1.43% | |
59 Neutral | ₹59.68B | 49.78 | ― | 0.36% | 13.94% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ₹49.36B | 105.04 | ― | 1.92% | -25.55% | -99.34% | |
42 Neutral | ₹64.35B | -8.28 | ― | ― | -27.21% | -53.22% |
* General Sector Average
IN:RAYMOND
Raymond Limited
741.50
134.05
22.07%
IN:ABFRL
Aditya Birla Fashion and Retail Limited
52.93
-35.96
-40.45%
IN:ARVIND
Arvind Limited
553.55
260.60
88.95%
IN:ARVINDFASN
Arvind Fashions Ltd.
446.45
-99.64
-18.25%
IN:PAGEIND
Page Industries Limited
36,280.00
-7,315.67
-16.78%
IN:VTL
Vardhman Textiles Limited
596.25
195.06
48.62%
Raymond Limited Corporate Events
Raymond Grants 187,056 ESOP Options From Recycled Pool
Sep 7, 2026
Raymond Limited has granted 187,056 stock options to an eligible employee under its Raymond Limited Employees Stock Option Plan 2023, drawing these options from a recycled pool created by the exit of other eligible employees. The grant was approve...
Raymond sets July 14 virtual AGM, proposes new auditor and governance resolutions
Jun 22, 2026
Raymond Limited has released its Annual Report for the financial year 2025-26 and announced that its 101st Annual General Meeting will be held on July 14, 2026 via video conferencing, with the Business Responsibility and Sustainability Report form...
Raymond to Hold 101st AGM via Virtual Platform on July 14
Jun 20, 2026
Raymond Limited has announced that its 101st Annual General Meeting will be held on July 14, 2026, at 2:00 p.m. IST via video conferencing and other audio-visual means. The company has published statutory advertisements in English and Marathi news...
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.