Raymond Ltd

NSE: RAYMOND · Industrial Products · sector

₹1,055.30NSE close 2026-10-26

Key numbers

Market cap₹7,023 cr

Price₹1,055.30

52w high / low₹1,339 / ₹320

P/E189.5xSector median 24.2x

P/B2.5xSector median 2.8x

Book value₹427.3

Dividend yield0.01%Sector median 0.50%

ROE1.1%Sector median 11.5%

ROCE-0.1%Sector median 13.4%

OPM2.4%Sector median 10.3%

Debt / equity0.35xSector median 0.17x

EV/EBITDA134.5xSector median 16.7x

Interest cover-0.1x

Current ratio1.73x

Sales growth 3y-35.4%Sector median +10.2%

Profit growth 3y+116.2%Sector median +12.8%

PEG1.63x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹688 cr vs borrowings ₹999 cr (FY26): borrowings are higher by ₹311 cr.
Operating profit covered interest -0.1x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY25, FY24).
Revenue was higher than a year earlier in 2 of the last 4 quarters.
Other income was 246% of net profit in the last 12 months.
Debtor days went from 57 (FY24) to 86 (FY26).
Dividend paid in 3 of the last 5 financial years.
Price ₹1,055.30 on 2026-10-26: -21.2% from the 52-week high, +229.8% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹1,844.40 · low ₹347.55

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	1,045	954	557	524	528	557	603	606
EBITDA	116	138	55	56	-124	46	55	77
OPM %	11.1%	14.5%	9.8%	10.7%	-23.5%	8.2%	9.2%	12.8%
Other income	56	31	44	31	36	23	10	22
Net profit	59	72	133	5,325	11	4	1	21
EPS (₹)	9.02	10.84	20.00	800.16	1.71	0.54	0.17	3.15
Revenue YoY					-49.5%	-41.6%	+8.2%	+15.5%
Profit YoY					-80.7%	-95.0%	-99.2%	-99.6%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	6,179	8,215	9,020	1,947	2,212	2,293
EBITDA	548	1,092	1,266	176	34	55
Net profit	260	529	2,088	7,631	5,341	37
EPS (₹)	39.11	79.45	246.07	1,147.00	802.31	5.57
Revenue growth		+33.0%	+9.8%	-78.4%	+13.6%	-25.6%
Profit growth		+103.2%	+294.8%	+265.4%	-30.0%	-99.3%
Dividend / share (₹)	–	3.00	3.00	10.00	–

Compounded growth	3 years	5 years	Last 12 months
Sales	-35.4%	-8.5%	-25.5%
Net profit	+116.1%	–	-99.3%
EPS	+116.1%	–	–
Share price	–	+39.0% (2y)	+87.1%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	2,899	4,617	3,716	2,844
Borrowings	–	2,127	3,426	740	999
Cash & equivalents	–	1,211	1,598	771	688
Total assets	–	8,194	13,173	7,716	4,738
Fixed assets	–	1,931	2,549	890	841
Capital work in progress	–	30	70	5	38
Investments	–	315	323	385	535
Receivables	–	744	1,407	406	521
Inventory	–	2,497	3,514	419	487
Payables	–	1,692	2,064	254	345

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	677	804	533	233	42
Cash from investing	-425	-476	-1,042	-232	-180
Cash from financing	-323	-319	502	-104	230
Capex	60	116	208	158	114
Free cash flow	617	688	326	75	-72

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	18.2%	45.2%	205.4%	187.8%
ROCE %	–	19.5%	15.5%	4.2%	-0.5%
Debtor days	–	33	57	76	86
Inventory days	–	304	498	220	237
Payable days	–	206	293	133	168
Cash conversion cycle (days)	–	131	262	163	155
Working capital days	–	59	119	175	133

Shareholding

Holder	% (2026-09-30)
Promoters	48.87%
FIIs	7.20%
DIIs	6.11%
of which Mutual funds	3.79%
of which Insurance	1.09%
Government	0.00%
Public (non-institutions)	37.79%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	48.87%	48.87%	48.87%	48.87%	48.87%	48.87%	48.87%	48.87%

Promoter group	%
J K Investors (Bombay) Limited	29.83%
J K Investo Trade (India) Limited	12.43%
J K Helene Curtis Limited	5.40%
Smt Sunitidevi Singhania Hospital Trust	1.04%
Polar Investments Limited	0.15%
Niharika Gautam Singhania	0.01%
J K Sports Foundation	0.01%
Nawaz Singhania	0.00%
Nisa Gautam Singhania	0.00%
Gautam Hari Singhania	0.00%
Ashadevi Singhania	0.00%

Public holders above 1%	%
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund	1.86%
Ebisu Global Opportunities Fund Limited	1.42%
Bank Of India Small Cap Fund	1.20%
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs	1.06%

2,50,437 shareholders. Pledged: 0.00% of promoter shares.

Peers in Industrial Products

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
INDOMIM	₹52,085 cr	–	–	–	–	–	–	–
CPPLUS	₹45,577 cr	94.7x	24.3x	25.5%	33.3%	14.5%	–	0.04%
SYRMA	₹28,803 cr	77.7x	10.1x	17.4%	17.6%	11.1%	+33.0%	0.10%
HONAUT	₹27,500 cr	50.1x	6.2x	13.0%	16.9%	13.3%	+10.7%	0.34%
KAYNES	₹22,167 cr	64.0x	4.7x	9.1%	11.1%	15.5%	+47.7%	–
JYOTICNC	₹20,523 cr	63.8x	10.3x	17.4%	18.5%	24.4%	–	–
LMW	₹17,267 cr	84.2x	5.7x	7.0%	9.3%	7.1%	-12.1%	0.19%
TEGA	₹12,752 cr	447.9x	3.7x	0.9%	4.5%	7.5%	+11.7%	0.11%
LLOYDSENGG	₹12,248 cr	48.1x	7.3x	14.1%	15.1%	14.2%	+60.9%	0.27%
RAYMOND	₹7,023 cr	189.5x	2.5x	1.1%	-0.1%	2.4%	-35.4%	0.01%

All 152 companies in Industrial Products →

Business segments (FY26)

Segment	Revenue	Share	EBIT	Margin
Precision technology and auto component	₹1,667 cr	75.3%	₹145 cr	8.7%
Aerospace and defence	₹392 cr	17.7%	₹49 cr	12.4%
Others	₹153 cr	6.9%	₹-4 cr	-2.4%
Inter Segment	₹0 cr	–	₹0 cr	–

Dividends & corporate actions

Ex-date	Action	Detail
2025-05-14	Restructuring	Demerger
2024-07-11	Restructuring	Demerger
2024-06-13	Dividend	Annual General Meeting/Dividend - Rs 10 Per Share
2023-06-23	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share
2022-06-30	Dividend	Annual General Meeting/Dividend - Rs 3 Per Share
2021-07-22	Other	Annual General Meeting
2020-07-30	Other	Annual General Meeting
2019-05-23	Dividend	Annual General Meeting/ Dividend - Rs 3 Per Share
2018-05-22	Dividend	Dividend- Rs 3 Per Share
2017-05-25	Dividend	Dividend - Rs 1.25/- Per Share
2016-05-26	Dividend	Dividend - Rs 3/- Per Share
2015-05-27	Dividend	Dividend - Rs 3/- Per Share
2014-05-30	Dividend	Annual General Meeting / Final Dividend - Rs 2/- Per Share
2013-05-24	Dividend	Annual General Meeting / Final Dividend Re.1/- Per Equity Share
2012-05-16	Dividend	Annual General Meeting And Dividend Rs.2.50 Per Share
2011-05-18	Dividend	Annual General Meeting And Dividend Re.1/- Per Share
2010-05-26	Other	Annual General Meeting
2009-05-25	Other	Annual General Meeting
2008-05-30	Dividend	Agm/Dividend - 25%
2007-05-30	Dividend	Agm/Dividend-50%

Documents

Links go to the original files on the exchange website.

About the company

Investment (Earlier the Company was mainly engaged in Real estate business. However during the year 2025-2026, real estate business was demerged into separate Company).: Investment
Aviation: Aviation


Sector	Industrials
Industry	Industrial Products
Sub-industry	Industrial Products
Symbol	RAYMOND
BSE code	500330
ISIN	INE301A01014
Face value	₹10.0
Incorporated	1925-09-10
Website	www.raymond.in
Plants (India / abroad)	0 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.