Raymond Ltd

Raymond Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Raymond Ltd

₹ 2,978 -2.14%
02 Jul - close price
raymond.in BSE: 500330 NSE: RAYMOND
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.

Website BSE NSE
  • Market Cap ₹ 19,827 Cr.
  • Current Price ₹ 2,978
  • High / Low ₹ 3,152 / 1,487
  • Stock P/E 11.9
  • Book Value ₹ 694
  • Dividend Yield 0.34 %
  • ROCE 30.9 %
  • ROE 44.5 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has delivered good profit growth of 57.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.6%

Cons

  • Tax rate seems low
  • Earnings include an other income of Rs.1,216 Cr.
  • Debtor days have increased from 47.2 to 56.9 days.
  • Working capital days have increased from 72.8 days to 102 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,366 826 1,551 1,843 1,958 1,728 2,168 2,168 2,150 1,771 2,253 2,386 2,608
1,211 862 1,372 1,568 1,674 1,520 1,833 1,854 1,813 1,575 1,939 2,028 2,173
Operating Profit 155 -36 180 275 284 208 335 314 337 197 315 358 435
OPM % 11% -4% 12% 15% 15% 12% 15% 14% 16% 11% 14% 15% 17%
54 -7 24 26 -35 28 19 27 -38 1,036 52 64 69
Interest 61 55 58 57 57 59 63 70 64 79 89 104 104
Depreciation 71 61 60 60 59 58 58 58 62 60 65 70 88
Profit before tax 78 -159 86 184 133 118 233 213 173 1,093 212 248 312
Tax % 25% 1% 34% 45% -100% 31% 30% 55% -13% 2% 24% 25% 26%
58 -157 56 101 265 82 162 97 196 1,067 161 185 230
EPS in Rs 8.48 -23.51 8.00 15.06 39.55 12.15 23.86 14.25 29.19 160.01 24.00 27.56 34.43
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4,069 4,548 5,333 5,177 5,353 5,906 6,582 6,482 3,446 6,179 8,215 9,020
3,696 4,118 4,905 4,790 5,048 5,481 6,013 5,966 3,507 5,474 7,015 7,710
Operating Profit 373 430 427 387 305 426 569 516 -60 705 1,199 1,309
OPM % 9% 9% 8% 7% 6% 7% 9% 8% -2% 11% 15% 15%
43 87 95 93 82 137 120 285 186 6 31 1,216
Interest 191 197 200 190 178 184 233 303 276 228 257 376
Depreciation 189 196 162 159 157 170 196 340 314 240 235 284
Profit before tax 37 125 160 132 52 208 260 159 -465 243 737 1,866
Tax % 68% 24% 27% 35% 42% 32% 33% -27% 35% -9% 27% 12%
27 110 120 86 30 142 175 202 -304 265 537 1,643
EPS in Rs 4.68 17.53 18.38 13.82 4.16 21.93 27.37 30.30 -44.62 39.11 79.45 246.01
Dividend Payout % 21% 11% 16% 22% 30% 14% 11% 0% 0% 8% 4% 4%
Compounded Sales Growth
10 Years: 7%
5 Years: 7%
3 Years: 38%
TTM: 10%
Compounded Profit Growth
10 Years: 33%
5 Years: 58%
3 Years: 99%
TTM: 178%
Stock Price CAGR
10 Years: 21%
5 Years: 33%
3 Years: 93%
1 Year: 73%
Return on Equity
10 Years: 14%
5 Years: 19%
3 Years: 31%
Last Year: 45%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,318 1,405 1,480 1,611 1,612 1,751 1,892 2,311 2,031 2,293 2,832 4,551
1,753 1,901 1,881 2,063 2,140 2,353 2,468 2,556 2,413 2,353 2,529 4,181
1,032 1,056 1,227 1,170 1,425 1,925 2,219 2,790 2,220 2,654 2,779 4,203
Total Liabilities 4,164 4,422 4,650 4,905 5,238 6,090 6,640 7,722 6,730 7,366 8,207 13,001
1,307 1,256 1,274 1,174 1,169 1,741 1,935 2,441 2,044 1,878 1,934 3,475
CWIP 174 174 196 240 412 271 114 40 21 25 36 99
Investments 524 515 427 609 640 636 540 598 500 1,100 1,639 2,826
2,159 2,477 2,753 2,881 3,016 3,443 4,051 4,644 4,164 4,363 4,598 6,601
Total Assets 4,164 4,422 4,650 4,905 5,238 6,090 6,640 7,722 6,730 7,366 8,207 13,001

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
326 192 380 317 348 395 251 390 704 677 804 533
-163 -56 -140 -211 -223 -415 -127 -148 64 -425 -476 -1,042
-161 -119 -250 -118 -122 30 -149 -130 -668 -323 -319 502
Net Cash Flow 2 17 -10 -12 3 9 -25 113 100 -71 10 -6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 66 68 63 74 72 67 70 65 101 52 33 57
Inventory Days 219 222 181 195 200 235 247 287 363 328 304 498
Days Payable 121 120 110 98 120 164 176 183 258 279 206 293
Cash Conversion Cycle 164 170 134 171 151 138 141 169 206 100 131 262
Working Capital Days 51 81 65 70 57 42 67 78 98 61 55 102
ROCE % 7% 9% 10% 10% 6% 9% 11% 9% -4% 13% 21% 31%

Shareholding Pattern

Numbers in percentages

13 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.

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