Raymond Ltd
NSE: RAYMOND BSE: 500330
₹541.50
(4.12%)
Mon, 25 May 2026, 04:55 pm
Market Cap34.64B
PE Ratio0.67
Dividend0
Process Industries
Textiles
24.5KRaymond Analysis
dividend
- Dividends paid are thoroughly covered by earnings (18x coverage).
- Raymond's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
- Dividend payments have increased, but Raymond only paid a dividend in the past 9 years.
- Raymond has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Raymond's dividend is below the markets top 25% of dividend payers in India (3.08%).
future
- Raymond's revenue growth is expected to exceed the India market average.
- Raymond's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
- Raymond's earnings are expected to decrease over the next 1-3 years, this is below the India market average.
- Raymond's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.2%.
- Raymond's earnings are expected to decrease over the next year.
- Raymond's revenue is expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).
health
- Raymond is profitable, therefore cash runway is not a concern.
- Raymond is profitable, therefore cash runway is not a concern.
- Debt is covered by short term assets, assets are 1.9x debt.
- Raymond's cash and other short term assets cover its long term commitments.
- Raymond's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Debt is not well covered by operating cash flow (16.8%, less than 20% of total debt).
- The level of debt compared to net worth has increased over the past 5 years (114.2% vs 124.7% today).
- Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
- Raymond's level of debt (124.7%) compared to net worth is high (greater than 40%).
- High level of physical assets or inventory.
management
- Gautam's compensation has been consistent with company performance over the past year, both up more than 20%.
- The average tenure for the Raymond management team is over 5 years, this suggests they are a seasoned and experienced team.
- The average tenure for the Raymond board of directors is less than 3 years, this suggests a new board.
- Gautam's remuneration is higher than average for companies of similar size in India.
misc
- Raymond is covered by less than 3 analysts.
- Raymond has significant price volatility in the past 3 months.
past
- Raymond's 1-year earnings growth exceeds its 5-year average (116.1% vs 22.7%)
- Raymond has delivered over 20% year on year earnings growth in the past 5 years.
- Raymond used its assets more efficiently than the IN Luxury industry average last year based on Return on Assets.
- Raymond has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
- Raymond's earnings growth has exceeded the IN Luxury industry average in the past year (116.1% vs 8.3%).
- Raymond has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
value
- Raymond is good value based on earnings compared to the IN Luxury industry average.
- Raymond is good value based on earnings compared to the India market.
- NSEI:RAYMOND is up 25.7% outperforming the Luxury industry which returned 9.8% over the past month.
- NSEI:RAYMOND is up 25.7% outperforming the market in India which returned 8% over the past month.
- Raymond's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
- Raymond's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
- Raymond is overvalued based on assets compared to the IN Luxury industry average.
- Raymond earnings are not expected to grow next year, we can't assess if its growth is good value.
- RAYMOND underperformed the Luxury industry which returned -22.1% over the past year.
- RAYMOND underperformed the Market in India which returned -14.5% over the past year.