Raymond Ltd: Intrinsic Value & Share Price Analysis

Q: What is the intrinsic value of Raymond Ltd and is it undervalued?

As of 16 May 2026, Raymond Ltd's intrinsic value is 15621.41, which is 3259.44% higher than the current market price of 465.00, suggesting the stock is undervalued. Calculated using the PE ratio method factoring in ROE (182 %), book value (488), dividend yield (0.00 %), and 5-year EPS CAGR.

Q: What is the current share price and 52-week range of Raymond Ltd?

Raymond Ltd is trading at 465.00 as of 16 May 2026, with a FY2026-2027 high of 784 and low of 320. The stock is currently in the middle of its 52-week range. Market cap stands at 3,100 Cr..

Q: Is Raymond Ltd financially healthy?

Key indicators: ROCE of 1.64 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Raymond Ltd profitable and how is the profit trend?

Raymond Ltd reported a net profit of 7,636 Cr in Mar 2025 on revenue of 1,947 Cr. Compared to 265 Cr in Mar 2022, the net profit shows an improving trend.

Fair Value

₹11,813.24Undervalued by 2,440.48%vs CMP ₹465.00

P/E (16.3) × ROE (182.0%) × BV (₹488.00) × DY (2.00%)

₹15,621.41Undervalued by 3,259.44%vs CMP ₹465.00

MoS: +97% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 1 Fair, 2 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹45,709.75	25%	Under (+9730.1%)
Graham Number	Earnings	₹3,003.82	18%	Under (+546%)
Earnings Power	Earnings	₹2,913.63	12%	Under (+526.6%)
DCF	Cash Flow	₹20,034.71	12%	Under (+4208.5%)
Net Asset Value	Assets	₹426.60	8%	Fair (-8.3%)
EV/EBITDA	Enterprise	₹342.15	10%	Over (-26.4%)
Earnings Yield	Earnings	₹8,217.60	8%	Under (+1667.2%)
Revenue Multiple	Revenue	₹292.05	6%	Over (-37.2%)
Consensus (8 models)		₹15,621.41	100%	Undervalued

Key Drivers: EPS CAGR 286.9% lifts DCF — verify sustainability. | Wide model spread (₹292–₹45,710) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 286.9%

*Investments are subject to market risks

Analyst Summary

Raymond Ltd operates in the Textiles - Woollen/Worsted segment, NSE: RAYMOND | BSE: 500330, current market price is ₹465.00, market cap is 3,100 Cr.. At a glance, stock P/E is 16.3, ROE is 182 %, ROCE is 1.64 %, book value is 488, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹15,621.41, which is about 3,259.4% above the current price, so the page currently reads as potentially undervalued rather than fully priced. On operating trend, latest reported sales are about ₹1,947 Cr versus the prior period change of 100.1%, while latest net profit is about ₹7,636 Cr with a prior-period change of 364.8%. The 52-week range shown on this page is 784/320, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisRaymond 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 L17117MH1…

This summary is generated from the stock page data available for Raymond Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Raymond Ltd scores 48/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health62/100 · Moderate

ROCE 1.6% WeakROE 182.0% ExcellentD/E 0.90 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent

Smart Money20/100 · Weak

FII holding down -4.63% (6mo) SellingDII holding down 3.41% MF sellingPromoter holding at 48.9% Stable

Earnings Quality30/100 · Weak

OPM contracting (13% → 5%) DecliningWorking capital: 266 days Capital intensive

Quarterly Momentum70/100 · Strong

Revenue (4Q): +31% YoY AcceleratingProfit (4Q): -29% YoY DecliningOPM: 10.7% (up 4.0% YoY) Margin expansion

Industry Rank40/100 · Moderate

P/E 16.3 vs industry 12.0 In-lineROCE 1.6% vs industry 7.6% Below peersROE 182.0% vs industry 98.7% Above peers3Y sales CAGR: -32% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 12:55 am

Market Cap	3,100 Cr.
Current Price	465
Intrinsic Value	₹15,621.41
High / Low	784/320
Stock P/E	16.3
Book Value	488
Dividend Yield	0.00 %
ROCE	1.64 %
ROE	182 %
Face Value	10.0
PEG Ratio	0.06

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Raymond Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Raymond Ltd	3,100 Cr.	465	784/320	16.3	488	0.00 %	1.64 %	182 %	10.0
Ashnoor Textile Mills Ltd	64.7 Cr.	40.6	58.4/34.5	7.59	58.3	0.00 %	13.6 %	15.4 %	10.0
Industry Average	3,100.00 Cr	252.80		11.95	273.15	0.00%	7.62%	98.70%	10.00

All Competitor Stocks of Raymond Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	2,168.16	2,150.18	473.37	470.08	678.46	265.88	449.81	473.58	466.11	557.46	524.29	527.69	557.21
Expenses	1,854.03	1,813.39	431.15	426.53	621.61	256.14	418.22	448.68	434.83	512.98	470.05	484.66	497.40
Operating Profit	314.13	336.79	42.22	43.55	56.85	9.74	31.59	24.90	31.28	44.48	54.24	43.03	59.81
OPM %	14.49%	15.66%	8.92%	9.26%	8.38%	3.66%	7.02%	5.26%	6.71%	7.98%	10.35%	8.15%	10.73%
Other Income	26.83	-37.52	1,064.86	152.59	192.49	249.05	7,393.97	96.30	94.81	155.99	5,338.56	-131.38	9.06
Interest	70.46	64.27	7.70	8.71	21.84	4.53	15.55	16.33	15.90	17.49	18.55	21.50	20.59
Depreciation	57.84	61.61	15.89	17.22	17.89	20.60	35.32	36.67	37.37	36.73	38.51	38.43	38.16
Profit before tax	212.66	173.39	1,083.49	170.21	209.61	233.66	7,374.69	68.20	72.82	146.25	5,335.74	-148.28	10.12
Tax %	54.58%	-13.32%	1.55%	5.32%	11.55%	1.66%	0.11%	13.45%	0.74%	6.00%	0.14%	-109.37%	29.84%
Net Profit	96.60	196.48	1,066.74	161.16	185.39	229.79	7,366.88	59.03	72.28	137.47	5,328.15	13.89	7.10
EPS in Rs	14.24	29.18	159.95	23.99	27.55	34.42	1,106.08	9.02	10.83	19.93	799.58	1.71	0.54

Last Updated: February 4, 2026, 10:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 2:46 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	4,548	5,333	5,177	5,353	5,906	6,582	6,482	3,446	6,179	8,215	973	1,947	2,167
Expenses	4,118	4,905	4,790	5,048	5,481	6,013	5,966	3,507	5,474	7,015	957	1,815	1,965
Operating Profit	430	427	387	305	426	569	516	-60	705	1,199	16	132	202
OPM %	9%	8%	7%	6%	7%	9%	8%	-2%	11%	15%	2%	7%	9%
Other Income	87	95	93	82	137	120	285	186	6	31	1,719	7,741	5,372
Interest	197	200	190	178	184	233	303	276	228	257	8	65	78
Depreciation	196	162	159	157	170	196	340	314	240	235	59	146	152
Profit before tax	125	160	132	52	208	260	159	-465	243	737	1,668	7,662	5,344
Tax %	24%	27%	35%	42%	32%	33%	-27%	-35%	-9%	27%	1%	0%
Net Profit	110	120	86	30	142	175	202	-304	265	537	1,643	7,636	5,487
EPS in Rs	17.53	18.37	13.81	4.16	21.93	27.36	30.31	-44.60	39.09	79.42	245.91	1,145.85	821.76
Dividend Payout %	11%	16%	22%	30%	14%	11%	0%	0%	8%	4%	4%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	9.09%	-28.33%	-65.12%	373.33%	23.24%	15.43%	-250.50%	187.17%	102.64%	205.96%	364.76%
Change in YoY Net Profit Growth (%)	0.00%	-37.42%	-36.78%	438.45%	-350.09%	-7.81%	-265.92%	437.67%	-84.53%	103.32%	158.80%

Raymond Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	-10%
5 Years:	-21%
3 Years:	-32%
TTM:	39%

Compounded Profit Growth
10 Years:	-13%
5 Years:	-32%
3 Years:	-59%
TTM:	-26%

Stock Price CAGR
10 Years:	22%
5 Years:	59%
3 Years:	43%
1 Year:	-13%

Return on Equity
10 Years:	5%
5 Years:	5%
3 Years:	6%
Last Year:	1%

Last Updated: September 5, 2025, 1:00 pm

Balance Sheet

Last Updated: May 11, 2026, 4:00 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	61	61	61	61	61	65	67	67	67	67	67	67
Reserves	1,480	1,611	1,612	1,751	1,892	2,311	2,031	2,293	2,832	4,551	3,650	2,777
Borrowings	1,881	2,063	2,140	2,353	2,468	2,556	2,413	2,353	2,529	4,181	740	1,055
Other Liabilities	1,227	1,170	1,425	1,925	2,219	2,790	2,220	2,654	2,779	4,203	3,260	839
Total Liabilities	4,650	4,905	5,238	6,090	6,640	7,722	6,730	7,366	8,207	13,001	7,716	4,738
Fixed Assets	1,274	1,174	1,169	1,741	1,935	2,441	2,044	1,878	1,934	3,475	1,772	1,525
CWIP	196	240	412	271	114	40	21	25	36	99	10	38
Investments	427	609	640	636	540	598	500	1,100	1,639	2,826	1,120	1,695
Other Assets	2,753	2,881	3,016	3,443	4,051	4,644	4,164	4,363	4,598	6,601	4,814	1,480
Total Assets	4,650	4,905	5,238	6,090	6,640	7,722	6,730	7,366	8,207	13,001	7,716	4,738

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	380	317	348	395	251	390	704	677	804	533	233	42
Cash from Investing Activity +	-140	-211	-223	-415	-127	-148	64	-425	-476	-1,042	-232	-180
Cash from Financing Activity +	-250	-118	-122	30	-149	-130	-668	-323	-319	502	-104	230
Net Cash Flow	-10	-12	3	9	-25	113	100	-71	10	-6	-102	91
Free Cash Flow	156	95	70	-102	10	198	702	646	702	337	91	-71
CFO/OP	104%	95%	126%	102%	56%	83%	-1,133%	101%	73%	3,845%	265%	50%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	430.00	426.00	385.00	303.00	424.00	567.00	514.00	-62.00	703.00	-1.00	12.00	-608.00

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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	68	63	74	72	67	70	65	101	52	33	528	76
Inventory Days	222	181	195	200	235	247	287	363	328	304	3,796	220
Days Payable	120	110	98	120	164	176	183	258	279	206	2,229	133
Cash Conversion Cycle	170	134	171	151	138	141	169	206	100	131	2,095	163
Working Capital Days	37	23	19	-21	-29	-29	-23	11	2	1	506	266
ROCE %	9%	10%	10%	6%	9%	11%	9%	-4%	13%	21%	0%	2%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	49.15%	49.11%	49.11%	49.11%	49.11%	49.01%	48.87%	48.87%	48.87%	48.87%	48.87%	48.87%
FIIs	16.72%	17.76%	17.71%	14.39%	14.50%	15.56%	15.67%	15.38%	15.64%	13.79%	13.61%	11.01%
DIIs	5.10%	5.50%	6.00%	7.88%	8.78%	9.29%	7.30%	7.19%	6.84%	4.80%	3.53%	3.43%
Public	29.03%	27.62%	27.14%	28.59%	27.59%	26.10%	28.11%	28.52%	28.60%	32.50%	33.95%	36.64%
Others	0.00%	0.00%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%
No. of Shareholders	1,52,602	1,45,454	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

Shareholding Pattern Chart

No. of Shareholders

Raymond Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Small Cap Fund	1,238,343	0.07	47.05	N/A	N/A	N/A

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1147.00	246.07	79.45	39.11	-44.63
Diluted EPS (Rs.)	1146.00	246.07	79.45	39.11	-44.63
Cash EPS (Rs.)	1173.95	140.27	113.69	76.79	3.01
Book Value[Excl.RevalReserv]/Share (Rs.)	558.40	759.60	448.22	365.96	327.35
Book Value[Incl.RevalReserv]/Share (Rs.)	558.40	759.60	448.22	365.96	327.35
Revenue From Operations / Share (Rs.)	292.54	1355.27	1233.93	928.07	517.69
PBDIT / Share (Rs.)	50.31	236.69	198.53	132.27	20.30
PBIT / Share (Rs.)	28.35	194.06	163.17	96.25	-26.89
PBT / Share (Rs.)	18.54	131.10	108.44	37.49	-68.36
Net Profit / Share (Rs.)	1152.00	97.64	78.34	40.78	-44.19
NP After MI And SOA / Share (Rs.)	1146.71	246.09	79.45	39.11	-44.62
PBDIT Margin (%)	17.19	17.46	16.08	14.25	3.92
PBIT Margin (%)	9.69	14.31	13.22	10.37	-5.19
PBT Margin (%)	6.33	9.67	8.78	4.03	-13.20
Net Profit Margin (%)	393.79	7.20	6.34	4.39	-8.53
NP After MI And SOA Margin (%)	391.98	18.15	6.43	4.21	-8.61
Return on Networth / Equity (%)	205.35	35.46	18.24	11.03	-14.16
Return on Capital Employeed (%)	4.01	14.79	24.49	16.18	-4.74
Return On Assets (%)	98.89	12.43	6.45	3.52	-4.40
Long Term Debt / Equity (X)	0.07	0.51	0.34	0.49	0.56
Total Debt / Equity (X)	0.18	0.74	0.73	0.87	0.90
Asset Turnover Ratio (%)	0.18	0.84	1.06	0.67	0.28
Current Ratio (X)	1.73	1.66	1.33	1.29	1.26
Quick Ratio (X)	1.59	0.87	0.66	0.70	0.70
Inventory Turnover Ratio (X)	0.98	0.51	0.74	0.38	0.15
Dividend Payout Ratio (NP) (%)	0.87	1.21	3.77	0.00	0.00
Dividend Payout Ratio (CP) (%)	0.85	1.03	2.61	0.00	0.00
Earning Retention Ratio (%)	99.13	98.79	96.23	0.00	0.00
Cash Earning Retention Ratio (%)	99.15	98.97	97.39	0.00	0.00
Interest Coverage Ratio (X)	5.13	4.19	5.14	3.87	0.48
Interest Coverage Ratio (Post Tax) (X)	2.49	2.84	3.44	2.91	-0.06
Enterprise Value (Cr.)	10159.96	15373.68	10019.37	7497.66	3831.94
EV / Net Operating Revenue (X)	5.22	1.70	1.22	1.21	1.11
EV / EBITDA (X)	30.35	9.76	7.58	8.51	28.35
MarketCap / Net Operating Revenue (X)	4.80	1.33	0.99	0.92	0.69
Retention Ratios (%)	99.12	98.78	96.22	0.00	0.00
Price / BV (X)	2.51	2.61	2.81	2.41	1.15
Price / Net Operating Revenue (X)	4.80	1.33	0.99	0.92	0.69
EarningsYield	0.81	0.13	0.06	0.04	-0.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 Real estate activities with own or leased property. Company's Total Operating Revenue is Rs. 4.25 Cr. and Equity Capital is Rs. 66.55 Cr. for the Year ended 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Realty	Plot No.156, H. No.2, Village Zadgaon, Ratnagiri Maharashtra 415612	Contact not found

Management
Name	Position Held
Mr. Gautam Hari Singhania	Chairman & Managing Director
Mr. Harmohan Sahni	Non Executive Director
Mr. Dinesh Kumar Lal	Independent Director
Mr. Ashish Kapadia	Independent Director
Mr. K Narasimha Murthy	Independent Director
Mrs. Rashmi Mundada	Addnl. & Ind.Director

FAQ

What is the intrinsic value of Raymond Ltd and is it undervalued?

As of 16 May 2026, Raymond Ltd's intrinsic value is ₹15621.41, which is 3259.44% higher than the current market price of ₹465.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (182 %), book value (₹488), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Raymond Ltd?

Raymond Ltd is trading at ₹465.00 as of 16 May 2026, with a FY2026-2027 high of ₹784 and low of ₹320. The stock is currently in the middle of its 52-week range. Market cap stands at ₹3,100 Cr..

How does Raymond Ltd's P/E ratio compare to its industry?

Raymond Ltd has a P/E ratio of 16.3, which is above the industry average of 11.95. The premium over industry average may reflect growth expectations or speculative interest.

Is Raymond Ltd financially healthy?

Key indicators for Raymond Ltd: ROCE of 1.64 % is on the lower side compared to the industry average of 7.62%; ROE of 182 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Raymond Ltd profitable and how is the profit trend?

Raymond Ltd reported a net profit of ₹7,636 Cr in Mar 2025 on revenue of ₹1,947 Cr. Compared to ₹265 Cr in Mar 2022, the net profit shows an improving trend.

Does Raymond Ltd pay dividends?

Raymond Ltd has a dividend yield of 0.00 % at the current price of ₹465.00. The company is currently not paying meaningful dividends.