Raymond Limited share price
Raymond Limited engages in the engineering businesses in India. It operates through Precision technology and auto component; Aerospace and defence; and Others segments. The company also engages non-scheduled airline operations. In addition, it manufactures and distributes steel files, cutting tools, hand tools, power tool accessories, and machines; and precision components, such as ring gears, flexplates, and water pump bearings, as well as machined components and sensor rings. The company serves automotive, industrial systems, aerospace, and defense industries; and non-automotive industries, including construction, marine, lawn equipment, and power generation. Raymond Limited was incorpora…Read more
- Market Cap₹ 7,546 Cr.
- Current Price₹ 1,133.90
- High / Low₹ 1,339 / 320
- Stock P/E160.6
- Book Value₹ 427
- Dividend Yield0.00 %
- ROCE-0.6 %
- ROE162.80 %
- Face Value₹ 10.0
More figures (10)
- EPS (TTM)₹ 7.06
- Price / Book2.65
- OPM4.8 %
- Debt / Equity0.37
- Sales growth (5Y)-8.5 %
- Profit growth (5Y)—
- Promoter holding51.2 %
- EV / EBITDA31.5
- Beta0.42
- All-time high₹ 3,496
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| RAYMOND | +14.09% | +84.78% | +169.30% | +165.39% | +93.75% | -14.11% | +19.08% |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Raymond Limited is in the Specialty Industrial Machinery industry (Industrials), with a market value of ₹7,546 crore.
- It trades at 160.6 times its last 12 months' earnings and 2.7 times book value.
- Revenue grew -8.5% a year over the last 5 years.
- Return on equity was 162.8% and return on capital employed -0.6% in the latest year.
- Debt was 0.37 times shareholders' equity.
- The share price is 15.3% below its 52-week high and up 93.8% over one year.
- Promoters and insiders hold about 51.2%; institutions about 8.3%.
Pros
AI- Strong return on equity: 129.8% on average over the last 3 years.
- Profit has grown 115.3% a year over the last 3 years.
- Borrowings are moderate at 0.37 times shareholders' equity.
Cons
AI- Interest cover is thin: operating earnings are 2.3 times the interest cost.
- Sales growth has been slow: -8.5% a year over the last 5 years.
- Latest quarter (Jun 2026): profit fell 99% from a year ago.
- Trades at 160.6 times earnings, above its 3-year median of 1.3.
- Institutional (FII + DII) holding has fallen by 12.0 points over 3 years.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Raymond Limited
Raymond Limited engages in the engineering businesses in India. It operates through Precision technology and auto component; Aerospace and defence; and Others segments. The company also engages non-scheduled airline operations. In addition, it manufactures and distributes steel files, cutting tools, hand tools, power tool accessories, and machines; and precision components, such as ring gears, flexplates, and water pump bearings, as well as machined components and sensor rings. The company serves automotive, industrial systems, aerospace, and defense industries; and non-automotive industries, including construction, marine, lawn equipment, and power generation. Raymond Limited was incorporated in 1925 and is based in Mumbai, India.
- Employees
- 42
- Head office
- Mumbai
Peer comparison
| Company | Market cap (₹ Cr) | P/E | P/B | ROE | OPM | Sales CAGR | Div. yield |
|---|---|---|---|---|---|---|---|
| Raymond LimitedRAYMOND | 7,546 | 160.6 | 2.65 | 162.8% | 4.8% | -36.0% | 0.00% |
| ABB India LimitedABB | 1,44,119 | 92.6 | 15.44 | 22.4% | 14.4% | +15.4% | 0.43% |
| Siemens LimitedSIEMENS | 1,29,058 | 88.8 | 9.32 | 14.7% | 9.9% | +3.0% | 0.49% |
| Cummins India LimitedCUMMINSIND | 1,27,734 | 54.0 | 15.07 | 29.5% | 20.1% | +16.1% | 1.42% |
| Greaves Cotton LimitedGREAVESCOT | 4,759 | 48.0 | 3.33 | 7.6% | 3.9% | +8.6% | 0.98% |
| Jash Engineering LimitedJASH | 3,428 | 40.0 | 6.61 | 16.0% | 11.8% | +22.6% | 0.30% |
| Axtel Industries LimitedAXTEL | — | 21.7 | 5.43 | 25.2% | 16.9% | +9.2% | 0.00% |
Companies in the same industry (Specialty Industrial Machinery). Tap a heading to sort. Sorting is a way to explore data, not a recommendation.
Quarterly Results
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.
Profit & Loss
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
| ₹ Cr | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| 6,582 | 6,482 | 3,446 | 6,179 | 8,215 | 9,020 | 1,947 | 2,212 | 2,293 | |
| YOY Sales Growth % | -1.52% | -46.83% | 79.27% | 32.96% | 9.80% | -78.42% | 13.63% | ||
| 6,006 | 5,967 | 3,513 | 5,467 | 7,015 | 7,710 | 1,770 | 1,977 | 2,037 | |
| Material Cost % | 43% | 43% | 48% | 36% | 36% | 29% | 36% | 34% | 33% |
| Employee Cost % | 14% | 15% | 20% | 14% | 12% | 13% | 20% | 19% | 19% |
| Other Expenses % | 34% | 33% | 35% | 38% | 36% | 44% | 36% | 37% | 37% |
| Operating Profit | 577 | 516 | -66 | 711 | 1,199 | 1,309 | 176 | 235 | 256 |
| OPM % | 9% | 8% | -2% | 12% | 15% | 15% | 9% | 11% | 11% |
| 125 | 96 | 201 | 169 | 122 | 266 | 158 | 100 | 91 | |
| Exceptional items | -5 | 38 | -164 | -107 | -43 | -201 | -201 | ||
| Interest | 233 | 303 | 276 | 228 | 257 | 376 | 65 | 84 | 85 |
| Depreciation | 197 | 340 | 314 | 240 | 235 | 284 | 146 | 152 | 151 |
| Profit before tax | 268 | 7 | -455 | 250 | 722 | 873 | 123 | -102 | -91 |
| 32% | -586% | -9% | 28% | -26% | 21% | ||||
| Current tax | 74 | 35 | 10 | 41 | 36 | -202 | 48 | 18 | |
| Deferred tax | 12 | -78 | -170 | -63 | 165 | -21 | -22 | -178 | |
| 175 | 202 | -304 | 265 | 537 | 2,088 | 7,636 | 5,361 | 64 | |
| Profit from associates | -8 | 152 | -9 | -6 | 15 | 993 | -45 | -4 | -2 |
| Minority share | 7 | 6 | -7 | 5 | 8 | 4 | 20 | 27 | |
| Profit to shareholders | 168 | 196 | -297 | 260 | 529 | 7,631 | 5,341 | 37 | |
| YOY Profit Growth % | 15.45% | -250.50% | 102.53% | 288.93% | 265.62% | -29.79% | |||
| EPS in Rs | 27.37 | 31.44 | -44.63 | 39.11 | 79.45 | 246.07 | 1,147.00 | 802.31 | 5.57 |
| Dividend Payout % | 4% | 1% | 1% | 0% |
Compounded Sales Growth
- 5 Years:
- -8%
- 3 Years:
- -35%
- TTM:
- -26%
Compounded Profit Growth
- 3 Years:
- 115%
- TTM:
- -99%
Stock Price CAGR
- 5 Years:
- 19%
- 3 Years:
- -14%
- 1 Year:
- 94%
Return on Equity
- 4 Years:
- 102%
- Last Year:
- 163%
| ₹ Cr | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| 3,276 | 3,186 | 1,752 | 4,261 | 5,780 | 6,593 | 6 | 4 | 4 | |
| YOY Sales Growth % | -2.75% | -45.00% | 143.13% | 35.65% | 14.08% | -99.91% | -30.21% | ||
| 3,039 | 2,932 | 1,753 | 3,767 | 4,864 | 5,599 | -8,998 | 92 | 92 | |
| Material Cost % | 43% | 40% | 47% | 35% | 34% | 35% | |||
| Employee Cost % | 14% | 15% | 18% | 12% | 10% | 10% | 425% | 602% | 564% |
| Other Expenses % | 35% | 37% | 35% | 42% | 40% | 39% | -148,179% | 1,570% | 1,702% |
| Operating Profit | 238 | 255 | -0 | 493 | 916 | 994 | 9,004 | -88 | -88 |
| OPM % | 7% | 8% | 0% | 12% | 16% | 15% | 147,855% | -2,072% | -2,166% |
| 164 | 128 | 139 | 253 | 134 | 283 | 184 | 106 | 90 | |
| Exceptional items | -24 | 37 | -837 | -101 | -38 | -33 | -0 | -0 | |
| Interest | 175 | 194 | 170 | 195 | 228 | 329 | 0 | 0 | 0 |
| Depreciation | 109 | 155 | 145 | 160 | 159 | 207 | 30 | 31 | 30 |
| Profit before tax | 94 | 70 | -176 | -445 | 561 | 703 | 9,125 | -14 | -28 |
| 22% | -35% | 27% | 25% | 0% | |||||
| Current tax | 25 | 14 | 10 | -27 | 159 | 20 | 9 | ||
| Deferred tax | -4 | -38 | -58 | -59 | 178 | 18 | -7 | -10 | |
| 74 | 94 | -118 | -396 | 410 | 527 | 9,028 | 5,264 | -23 | |
| YOY Profit Growth % | 27.76% | -225.64% | 28.31% | 1,614.23% | -41.69% | ||||
| EPS in Rs | 12.03 | 15.12 | -17.80 | -59.47 | 61.65 | 79.13 | 1,356.00 | 790.71 | -2.65 |
| Dividend Payout % | 5% | 4% | 1% | 0% |
Compounded Sales Growth
- 5 Years:
- -70%
- 3 Years:
- -91%
- TTM:
- -99%
Compounded Profit Growth
- 3 Years:
- 134%
- TTM:
- -100%
Stock Price CAGR
- 5 Years:
- 19%
- 3 Years:
- -14%
- 1 Year:
- 94%
Return on Equity
- 4 Years:
- 102%
- Last Year:
- 163%
Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 67 | 67 | 67 | 67 |
| Reserves | 2,832 | 4,551 | 3,650 | 2,777 |
| 2,530 | 4,182 | 740 | 1,064 | |
| Long term borrowings | 991 | 2,368 | 289 | 460 |
| Short term borrowings | 1,137 | 1,059 | 388 | 548 |
| 2,786 | 4,374 | 3,260 | 830 | |
| Trade payables | 1,692 | 2,064 | 254 | 345 |
| Minority interest | 85 | 438 | 441 | 274 |
| Current liabilities | 3,781 | 4,442 | 3,016 | 1,108 |
| Total Liabilities | 8,215 | 13,173 | 7,716 | 4,738 |
| 1,971 | 2,643 | 909 | 902 | |
| Gross block | 3,460 | 4,402 | 1,417 | 1,442 |
| Accumulated depreciation | 1,489 | 1,758 | 509 | 540 |
| Goodwill & intangibles | 9 | 955 | 887 | 684 |
| CWIP | 39 | 94 | 18 | 61 |
| 6,205 | 10,435 | 6,789 | 3,775 | |
| Inventories | 2,497 | 3,514 | 419 | 487 |
| Trade receivables | 744 | 1,407 | 406 | 521 |
| Cash & equivalents | 172 | 182 | 34 | 135 |
| Current assets | 5,016 | 7,389 | 5,203 | 1,906 |
| Total Assets | 8,215 | 13,173 | 7,716 | 4,738 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 804 | 533 | 233 | 42 | |
| Profit for the year | 529 | 1,638 | 7,631 | 5,341 |
| Working capital changes | -386 | -755 | -230 | -127 |
| Direct taxes paid | -72 | -77 | -117 | -74 |
| -476 | -1,042 | -232 | -180 | |
| Fixed assets purchased | -116 | -208 | -158 | -114 |
| Fixed assets sold | 14 | 12 | 16 | 1 |
| Investments purchased | -445 | -309 | -166 | -366 |
| Investments sold | 39 | 44 | 1 | 250 |
| -319 | 502 | -104 | 230 | |
| Proceeds from borrowings | 363 | 2,103 | 115 | 669 |
| Repayment of borrowings | -438 | -953 | -154 | -454 |
| Interest paid | -255 | -337 | -113 | -89 |
| Dividends paid | -20 | -20 | -66 | -0 |
| Net Cash Flow | 10 | -6 | -102 | 91 |
| Free Cash Flow | 688 | 326 | 75 | -72 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROE | 18.2% | 43.6% | 183.1% | 162.8% |
| ROCE | 22.4% | 1.0% | 3.0% | -0.6% |
| Operating margin | 12.2% | 1.6% | 1.7% | 4.8% |
| Net margin | 6.5% | 176.2% | 410.1% | 251.4% |
| Debt / equity | 0.87 | 0.91 | 0.20 | 0.37 |
| Current ratio | 1.33 | 1.66 | 1.73 | 1.72 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities).
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 48.87%
- FIIs 7.89%
- DIIs 3.81%
- Public 39.39%
| % | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 49.11% | 49.11% | 49.11% | 49.01% | 48.87% | 48.87% | 48.87% | 48.87% | 48.87% | 48.87% | 48.87% | 48.87% |
| 17.71% | 14.39% | 14.50% | 15.56% | 15.67% | 15.38% | 15.64% | 13.79% | 13.61% | 11.01% | 9.75% | 7.89% | |
| Foreign portfolio investors (Cat. I) | 17.49% | 13.90% | 14.00% | 14.90% | 15.04% | 14.83% | 15.10% | 13.47% | 13.34% | 10.36% | 9.18% | 7.60% |
| Foreign portfolio investors (Cat. II) | 0.22% | 0.49% | 0.50% | 0.66% | 0.63% | 0.55% | 0.54% | 0.32% | 0.27% | 0.65% | 0.56% | 0.29% |
| 6.01% | 7.88% | 8.78% | 9.30% | 7.31% | 7.20% | 6.85% | 4.80% | 3.53% | 3.44% | 3.62% | 3.81% | |
| Mutual funds | 3.32% | 5.06% | 5.74% | 6.26% | 4.56% | 4.21% | 3.86% | 3.11% | 1.87% | 1.86% | 1.86% | 1.88% |
| Insurance companies | 0.45% | 0.68% | 0.82% | 0.83% | 0.79% | 1.09% | 1.08% | 1.14% | 1.13% | 1.07% | 1.18% | 1.21% |
| Banks | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Alternative investment funds | 2.22% | 2.13% | 2.21% | 2.19% | 1.94% | 1.88% | 1.89% | 0.54% | 0.52% | 0.49% | 0.56% | 0.71% |
| 27.14% | 28.59% | 27.58% | 26.10% | 28.12% | 28.52% | 28.61% | 32.51% | 33.95% | 36.65% | 37.73% | 39.39% | |
| Retail (up to ₹2 lakh) | 18.82% | 20.36% | 19.36% | 18.04% | 21.23% | 22.27% | 22.43% | 25.71% | 27.15% | 29.37% | 30.11% | 29.19% |
| HNIs (above ₹2 lakh) | 3.52% | 3.20% | 3.05% | 2.86% | 2.20% | 1.44% | 1.53% | 1.69% | 1.92% | 2.16% | 2.31% | 3.63% |
| NRIs | 1.60% | 1.69% | 1.57% | 1.49% | 1.38% | 1.44% | 1.40% | 1.50% | 1.48% | 1.59% | 1.66% | 1.79% |
| Bodies corporate | 1.64% | 1.70% | 1.98% | 2.09% | 1.50% | 1.50% | 1.49% | 1.60% | 1.35% | 1.38% | 1.27% | 1.87% |
| IEPF | 0.92% | 0.92% | 0.92% | 0.92% | 1.01% | 1.01% | 1.00% | 1.00% | 1.09% | 1.08% | 1.07% | 1.06% |
| No. of Shareholders | 1,58,403 | 1,84,440 | 1,74,919 | 1,72,704 | 2,59,552 | 2,76,576 | 2,79,142 | 2,91,118 | 2,96,886 | 2,93,612 | 2,88,616 | 2,72,532 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Documents
Announcements
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Raymond Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 201813-Oct-2026
- Press ReleaseRaymond Limited has informed the Exchange regarding a press release dated October 12, 2026, titled "Raymond Limited Accelerates Andhra Pradesh Expansion to Support Growth Momentum…12-Oct-2026
- General UpdatesRaymond Limited has informed the Exchange about Approval Of Preferential Issue By Shareholders03-Oct-2026
- Shareholders meetingRaymond Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on October 03, 2026. Further, the company has informed the Exchange rega…03-Oct-2026
- Shareholders meetingRaymond Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on October 03, 202603-Oct-2026
- Trading WindowRaymond Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201525-Sep-2026
- Copy of Newspaper PublicationRaymond Limited has informed the Exchange about Copy of Newspaper Publication25-Sep-2026
- Press ReleaseRaymond Limited has informed the Exchange regarding a press release dated September 23, 2026, titled "Raymond Expands Its Aerospace Capabilities with Entry into Aircraft Structure…23-Sep-2026
- Copy of Newspaper PublicationRaymond Limited has informed the Exchange about Copy of Newspaper Publication12-Sep-2026
- Shareholders meetingRaymond Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on October 03, 202611-Sep-2026
- Press ReleaseRaymond Limited has informed the Exchange regarding a press release dated September 11, 2026, titled "Raymond Limited s Aerospace Subsidiary Wins Multi-ProgrammeAerospace Orders f…11-Sep-2026
- Copy of Newspaper PublicationRaymond Limited has informed the Exchange about Copy of Newspaper Publication10-Sep-2026
Annual reports
- Financial Year 202622-JUN-2026
- Financial Year 202513-JUL-2025
- Financial Year 2024
- Financial Year 202317-JUN-2023
- Financial Year 2022
- Financial Year 2021
- Financial Year 2020
- Financial Year 2019
- Financial Year 201802-JUN-2018
- Financial Year 201728-JUN-2017
Credit ratings
Concalls & investor meets
- Analysts/Institutional Investor Meet/Con. Call UpdatesRaymond Limited has informed the Exchange about Schedule of meet23-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesRaymond Limited has informed the Exchange about Schedule of meet16-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesRaymond Limited has informed the Exchange about Schedule of meet11-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesRaymond Limited has informed the Exchange about Schedule of meet31-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesRaymond Limited has informed the Exchange about Transcript14-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesRaymond Limited has informed the Exchange about Link of Recording07-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesRaymond Limited has informed the Exchange about Schedule of meet05-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesRaymond Limited has informed the Exchange about Schedule of meet03-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesRaymond Limited has informed the Exchange about Schedule of meet05-Jun-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesRaymond Limited has informed the Exchange about Schedule of meet05-Jun-2026
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Ex-dividend date
- 13 Jun 2024
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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