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Last Updated on: 31 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Raymond Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 31, 2024, 8:01 am

Market Cap 11,185 Cr.
Current Price 1,680
High / Low 2,381/982
Stock P/E26.0
Book Value 539
Dividend Yield0.60 %
ROCE30.9 %
ROE44.5 %
Face Value 10.0
PEG Ratio0.50

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Raymond Ltd

Competitors of Raymond Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Ashnoor Textile Mills Ltd 116 Cr. 73.0 84.1/35.97.82 51.10.00 %6.29 %3.43 % 10.0
Raymond Ltd 11,185 Cr. 1,680 2,381/98226.0 5390.60 %30.9 %44.5 % 10.0
Industry Average5,650.50 Cr876.5016.91295.050.30%18.60%23.97%10.00

All Competitor Stocks of Raymond Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales1,3668261,5511,8431,9581,7282,1682,1682,1501,7712,2532,3862,608
Expenses1,2118621,3721,5681,6741,5201,8331,8541,8131,5751,9392,0282,173
Operating Profit155-36180275284208335314337197315358435
OPM %11%-4%12%15%15%12%15%14%16%11%14%15%17%
Other Income54-72426-35281927-381,036526469
Interest6155585757596370647989104104
Depreciation71616060595858586260657088
Profit before tax78-159861841331182332131731,093212248312
Tax %25%1%34%45%-100%31%30%55%-13%2%24%25%26%
Net Profit58-1575610126582162971961,067161185230
EPS in Rs8.48-23.518.0015.0639.5512.1523.8614.2529.19160.0124.0027.5634.43

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales4,0694,5485,3335,1775,3535,9066,5826,4823,4466,1798,2159,020
Expenses3,6964,1184,9054,7905,0485,4816,0135,9663,5075,4747,0157,710
Operating Profit373430427387305426569516-607051,1991,309
OPM %9%9%8%7%6%7%9%8%-2%11%15%15%
Other Income43879593821371202851866311,216
Interest191197200190178184233303276228257376
Depreciation189196162159157170196340314240235284
Profit before tax3712516013252208260159-4652437371,866
Tax %68%24%27%35%42%32%33%-27%35%-9%27%12%
Net Profit271101208630142175202-3042655371,643
EPS in Rs4.6817.5318.3813.824.1621.9327.3730.30-44.6239.1179.45246.01
Dividend Payout %21%11%16%22%30%14%11%0%0%8%4%4%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)307.41%9.09%-28.33%-65.12%373.33%23.24%15.43%-250.50%187.17%102.64%205.96%
Change in YoY Net Profit Growth (%)0.00%-298.32%-37.42%-36.78%438.45%-350.09%-7.81%-265.92%437.67%-84.53%103.32%

Raymond Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:7%
5 Years:7%
3 Years:38%
TTM:1%
Compounded Profit Growth
10 Years:33%
5 Years:58%
3 Years:99%
TTM:-11%
Stock Price CAGR
10 Years:18%
5 Years:32%
3 Years:64%
1 Year:56%
Return on Equity
10 Years:14%
5 Years:19%
3 Years:31%
Last Year:45%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:47 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital61616161616161656767676767
Reserves1,3181,4051,4801,6111,6121,7511,8922,3112,0312,2932,8324,5513,524
Borrowings1,7531,9011,8812,0632,1402,3532,4682,5562,4132,3532,5294,181946
Other Liabilities1,0321,0561,2271,1701,4251,9252,2192,7902,2202,6542,7794,2032,877
Total Liabilities4,1644,4224,6504,9055,2386,0906,6407,7226,7307,3668,20713,0017,413
Fixed Assets1,3071,2561,2741,1741,1691,7411,9352,4412,0441,8781,9343,4751,928
CWIP174174196240412271114402125369922
Investments5245154276096406365405985001,1001,6392,8261,739
Other Assets2,1592,4772,7532,8813,0163,4434,0514,6444,1644,3634,5986,6013,725
Total Assets4,1644,4224,6504,9055,2386,0906,6407,7226,7307,3668,20713,0017,413

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +326192380317348395251390704677804533
Cash from Investing Activity +-163-56-140-211-223-415-127-14864-425-476-1,042
Cash from Financing Activity +-161-119-250-118-12230-149-130-668-323-319502
Net Cash Flow217-10-1239-25113100-7110-6

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow372.00429.00426.00385.00303.00424.00567.00514.00-62.00703.00-1.00-3.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days6668637472677065101523357
Inventory Days219222181195200235247287363328304498
Days Payable12112011098120164176183258279206293
Cash Conversion Cycle164170134171151138141169206100131262
Working Capital Days5181657057426778986155102
ROCE %7%9%10%10%6%9%11%9%-4%13%21%31%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters49.04%49.16%49.16%49.15%49.15%49.15%49.11%49.11%49.11%49.11%49.01%48.87%
FIIs9.58%10.21%14.18%14.97%16.28%16.72%17.76%17.71%14.39%14.50%15.56%15.67%
DIIs4.66%4.69%4.90%5.12%4.97%5.10%5.50%6.00%7.88%8.78%9.29%7.30%
Public36.72%35.94%31.76%30.77%29.58%29.03%27.62%27.14%28.59%27.59%26.10%28.11%
Others0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.03%0.03%0.03%0.03%0.03%
No. of Shareholders1,64,2641,59,5621,57,1331,50,9221,52,1401,52,6021,45,4541,58,4031,84,4401,74,9191,72,7042,59,552

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Tata Equity P/E Fund - Regular Plan862,9952129.7512,9272024-12-296575.91%
Tata Equity P/E Fund - Regular Plan - Trigger Option A 5%862,9952129.7512,9272024-12-296575.91%
UTI Aggressive Hybrid Fund148,5140.4522.3312,9272024-12-291048.87%
Tata India Consumer Fund108,0000.9216.2412,9272024-12-29735.46%
UTI Large & Mid Cap Fund71,7130.4910.7812,9272024-12-29454.75%
ITI Small Cap Fund67,0390.5510.0812,9272024-12-29418.6%
UTI Retirement Fund64,9930.249.7712,9272024-12-29402.77%
Motilal Oswal Nifty Smallcap 250 Index Fund12,9270.381.9412,9272024-12-290%
Axis Nifty Smallcap 50 Index Fund12,5271.181.8812,9272024-12-29-3.09%
Kotak Nifty Alpha 50 ETF10,3992.151.5612,9272024-12-29-19.56%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)246.0779.4539.11-44.6331.44
Diluted EPS (Rs.)246.0779.4539.11-44.6331.16
Cash EPS (Rs.)140.27113.6976.793.0160.25
Book Value[Excl.RevalReserv]/Share (Rs.)759.60448.22365.96327.35380.50
Book Value[Incl.RevalReserv]/Share (Rs.)759.60448.22365.96327.35380.50
Revenue From Operations / Share (Rs.)1355.271233.93928.07517.691001.62
PBDIT / Share (Rs.)236.69198.53132.2720.3094.52
PBIT / Share (Rs.)194.06163.1796.25-26.8942.02
PBT / Share (Rs.)131.10108.4437.49-68.361.13
Net Profit / Share (Rs.)97.6478.3440.78-44.197.75
NP After MI And SOA / Share (Rs.)246.0979.4539.11-44.6230.30
PBDIT Margin (%)17.4616.0814.253.929.43
PBIT Margin (%)14.3113.2210.37-5.194.19
PBT Margin (%)9.678.784.03-13.200.11
Net Profit Margin (%)7.206.344.39-8.530.77
NP After MI And SOA Margin (%)18.156.434.21-8.613.02
Return on Networth / Equity (%)35.4618.2411.03-14.168.26
Return on Capital Employeed (%)14.7924.4916.18-4.747.83
Return On Assets (%)12.436.453.52-4.402.53
Long Term Debt / Equity (X)0.510.340.490.560.16
Total Debt / Equity (X)0.740.730.870.900.91
Asset Turnover Ratio (%)0.841.060.670.280.56
Current Ratio (X)1.661.331.291.261.03
Quick Ratio (X)0.870.660.700.700.51
Inventory Turnover Ratio (X)0.510.740.380.150.41
Dividend Payout Ratio (NP) (%)1.213.770.000.000.00
Dividend Payout Ratio (CP) (%)1.032.610.000.000.00
Earning Retention Ratio (%)98.7996.230.000.000.00
Cash Earning Retention Ratio (%)98.9797.390.000.000.00
Interest Coverage Ratio (X)4.195.143.870.482.02
Interest Coverage Ratio (Post Tax) (X)2.843.442.91-0.061.04
Enterprise Value (Cr.)15373.6810019.377497.663831.943376.57
EV / Net Operating Revenue (X)1.701.221.211.110.52
EV / EBITDA (X)9.767.588.5128.355.52
MarketCap / Net Operating Revenue (X)1.330.990.920.690.22
Retention Ratios (%)98.7896.220.000.000.00
Price / BV (X)2.612.812.411.150.60
Price / Net Operating Revenue (X)1.330.990.920.690.22
EarningsYield0.130.060.04-0.120.13

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Raymond Ltd as of December 31, 2024 is: 6,273.65

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 31, 2024, Raymond Ltd is Undervalued by 273.43% compared to the current share price 1,680.00

Intrinsic Value of Raymond Ltd as of December 31, 2024 is: 9,537.23

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 31, 2024, Raymond Ltd is Undervalued by 467.69% compared to the current share price 1,680.00

Last 5 Year EPS CAGR: 52.02%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (5.50 cr) and profit (137.42 cr) over the years.
  1. The stock has a low average ROCE of 11.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 68.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 161.42, which may not be favorable.
  4. The company has higher borrowings (2,272.08) compared to reserves (2,200.85), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Raymond Ltd:
    1. Net Profit Margin: 7.2%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 14.79% (Industry Average ROCE: 18.6%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 35.46% (Industry Average ROE: 23.97%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.84
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.87
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 26 (Industry average Stock P/E: 16.91)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.74
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Raymond Ltd. is a Public Limited Listed company incorporated on 10/09/1925 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L17117MH1925PLC001208 and registration number is 001208. Currently Company is involved in the business activities of Finishing of man-made and blended man-made textiles.. Company’s Total Operating Revenue is Rs. 4260.66 Cr. and Equity Capital is Rs. 66.57 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Textiles - Woollen/WorstedPlot No.156, Ratnagiri Maharashtra 415612corp.secretarial@raymond.in
http://www.raymond.in
Management
NamePosition Held
Mr. Gautam Hari SinghaniaChairman & Managing Director
Mrs. Nawaz Gautam SinghaniaNon Executive Director
Mr. S L PokharnaNon Executive Director
Mr. Ashish KapadiaIndependent Director
Mrs. Mukeeta JhaveriIndependent Director
Mr. Dinesh Kumar LalIndependent Director
Mr. K Narasimha MurthyIndependent Director

FAQ

What is the latest intrinsic value of Raymond Ltd?

The latest intrinsic value of Raymond Ltd as on 31 December 2024 is ₹6273.65, which is 273.43% higher than the current market price of ₹1,680.00. The stock has a market capitalization of 11,185 Cr. and recorded a high/low of 2,381/982 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,524 Cr and total liabilities of ₹7,413 Cr.

What is the Market Cap of Raymond Ltd?

The Market Cap of Raymond Ltd is 11,185 Cr..

What is the current Stock Price of Raymond Ltd as on 31 December 2024?

The current stock price of Raymond Ltd as on 31 December 2024 is 1,680.

What is the High / Low of Raymond Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Raymond Ltd stocks is 2,381/982.

What is the Stock P/E of Raymond Ltd?

The Stock P/E of Raymond Ltd is 26.0.

What is the Book Value of Raymond Ltd?

The Book Value of Raymond Ltd is 539.

What is the Dividend Yield of Raymond Ltd?

The Dividend Yield of Raymond Ltd is 0.60 %.

What is the ROCE of Raymond Ltd?

The ROCE of Raymond Ltd is 30.9 %.

What is the ROE of Raymond Ltd?

The ROE of Raymond Ltd is 44.5 %.

What is the Face Value of Raymond Ltd?

The Face Value of Raymond Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Raymond Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE