Raymond Ltd

Raymond Ltd

₹ 2,185 0.42%
28 May - close price
About

Raymond Limited incorporated in 1925 is a diversified group with interests in Textile & Apparel sectors as well as presence across diverse segments such as Real Estate, FMCG, Engineering in national and international markets 55+ Countries including the USA, Europe, Japan & Middle East. The Company has a retail network of 1,638 stores, including 1,589 stores in about 600 towns and cities in India and 49 overseas stores in nine countries. It is one of the largest vertically and horizontally integrated manufacturers of worsted suiting fabric in the world. [1] [2]

Key Points

Business Segments post demerger[1]
The company will be a Real Estate company along with investments in:
▪ Engineering
▪ Denim (JV Co)
They will retain their flagship brand Raymond.

  • Market Cap 14,545 Cr.
  • Current Price 2,185
  • High / Low 2,335 / 1,487
  • Stock P/E 26.2
  • Book Value 423
  • Dividend Yield 0.14 %
  • ROCE 20.2 %
  • ROE 21.9 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 43.4% CAGR over last 5 years

Cons

  • Working capital days have increased from 95.2 days to 139 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
953 419 1,006 1,339 1,426 1,193 1,520 1,551 1,516 1,222 1,601 1,774 1,997
850 446 904 1,124 1,192 1,031 1,273 1,307 1,253 1,103 1,363 1,498 1,635
Operating Profit 103 -27 102 216 234 162 247 244 263 120 238 276 361
OPM % 11% -6% 10% 16% 16% 14% 16% 16% 17% 10% 15% 16% 18%
42 135 23 117 -720 23 18 36 -45 51 62 71 61
Interest 53 36 49 49 50 52 57 62 57 72 84 84 89
Depreciation 49 29 40 40 39 39 38 39 43 41 47 52 68
Profit before tax 43 44 36 244 -575 94 169 179 118 58 169 211 265
Tax % 30% -3% 41% 33% 25% 34% 34% 54% -30% 25% 25% 24% 26%
30 45 21 164 -432 62 112 83 154 43 127 161 195
EPS in Rs 4.44 6.78 3.19 24.68 -64.95 9.28 16.88 12.42 23.07 6.49 19.07 24.20 29.36
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,032 2,186 2,645 2,792 2,822 3,012 3,276 3,186 2,176 4,261 5,780 6,593
1,860 2,047 2,418 2,564 2,662 2,801 3,039 2,930 2,329 3,767 4,864 5,599
Operating Profit 172 139 227 228 160 210 238 257 -153 493 916 994
OPM % 8% 6% 9% 8% 6% 7% 7% 8% -7% 12% 16% 15%
59 217 124 131 122 174 140 163 190 -584 32 245
Interest 156 153 148 155 144 147 175 194 238 195 228 329
Depreciation 116 114 93 92 90 96 109 155 229 404 255 207
Profit before tax -41 88 110 112 47 141 94 70 -431 -689 465 703
Tax % -18% 0% 9% 34% 28% 31% 22% -35% 36% 7% 32% 25%
-48 88 100 74 34 98 74 94 -277 -396 410 527
EPS in Rs -7.79 14.36 16.29 12.02 5.51 15.98 12.03 14.57 -41.54 -59.47 61.65 79.11
Dividend Payout % -13% 14% 18% 25% 23% 19% 25% 0% 0% -5% 5% 13%
Compounded Sales Growth
10 Years: 12%
5 Years: 15%
3 Years: 45%
TTM: 14%
Compounded Profit Growth
10 Years: 46%
5 Years: 43%
3 Years: 60%
TTM: 16%
Stock Price CAGR
10 Years: 20%
5 Years: 21%
3 Years: 80%
1 Year: 38%
Return on Equity
10 Years: 10%
5 Years: 13%
3 Years: 23%
Last Year: 22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 61 61 61 61 61 61 61 65 67 67 67 67
Reserves 970 1,039 1,106 1,158 1,163 1,256 1,307 1,718 1,917 1,746 2,186 2,752
1,347 1,415 1,346 1,587 1,605 1,637 1,735 1,497 1,997 1,977 2,229 3,315
643 526 670 682 777 1,040 1,153 1,398 1,710 2,053 2,118 2,506
Total Liabilities 3,021 3,041 3,183 3,489 3,606 3,994 4,257 4,678 5,691 5,842 6,600 8,639
834 674 611 600 574 1,112 1,071 1,221 1,269 1,171 1,260 1,611
CWIP 145 158 167 197 285 10 47 30 18 15 29 32
Investments 745 770 709 761 836 804 705 648 593 1,091 1,545 1,884
1,297 1,440 1,696 1,931 1,910 2,068 2,434 2,779 3,811 3,566 3,766 5,111
Total Assets 3,021 3,041 3,183 3,489 3,606 3,994 4,257 4,678 5,691 5,842 6,600 8,639

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
140 13 150 181 229 253 93 315 537 795 668 699
-30 45 78 -98 -65 -118 -1 -52 26 -688 -412 -964
-104 -55 -234 -88 -166 -116 -112 -153 -483 -231 -218 269
Net Cash Flow 5 3 -6 -5 -2 20 -20 111 81 -124 38 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 75 80 79 95 92 75 75 62 154 62 37 52
Inventory Days 253 253 185 203 206 277 273 370 411 380 358 315
Days Payable 136 108 105 100 118 160 159 193 291 338 245 248
Cash Conversion Cycle 192 225 158 198 180 192 190 239 274 103 150 119
Working Capital Days 21 85 66 75 54 26 75 93 210 77 70 139
ROCE % 5% 7% 10% 10% 6% 8% 10% 7% -5% 9% 19%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.12% 49.12% 49.04% 49.16% 49.16% 49.15% 49.15% 49.15% 49.11% 49.11% 49.11% 49.11%
8.63% 7.25% 9.58% 10.21% 14.18% 14.97% 16.28% 16.72% 17.76% 17.71% 14.39% 14.50%
4.18% 4.15% 4.66% 4.69% 4.90% 5.12% 4.97% 5.10% 5.50% 6.00% 7.88% 8.78%
38.07% 39.48% 36.72% 35.94% 31.76% 30.77% 29.58% 29.03% 27.62% 27.14% 28.59% 27.59%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.03% 0.03%
No. of Shareholders 1,69,7691,74,2461,64,2641,59,5621,57,1331,50,9221,52,1401,52,6021,45,4541,58,4031,84,4401,74,919

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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