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Raymond Ltd. Key Financial Ratios

NSE:RAYMOND | TEXTILE PRODUCTS

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Profitability Margins

2-year trend showing gross, operating, and net profit margins

FY 2025 - FY 2026

Raymond Ltd.'s net profit margin of 241.5% in FY2026 meets or exceeds total revenue, which core operations alone cannot produce — the figure reflects one-time or non-operating gains such as a demerger, asset or stake sale, or exceptional item. Operating margin (3.8%) and gross margin (42.6%) are better gauges of underlying profitability.

Understanding Profitability Margins

In FY 2026, Raymond Ltd. posted a gross margin of 42.6%, an operating margin of 3.8%, a net margin of 241.5%. Gross Margin = (Revenue - COGS) / Revenue; Operating Margin = EBIT / Revenue; Net Margin = Net Income / Revenue. Typical healthy ranges: Gross 20-40%, Operating 10-20%, Net 5-10%+. Consistent or improving margins indicate strong competitive positioning.

Company Performance

2-year trend showing revenue, gross profit, and net profit

FY 2025 - FY 2026

Raymond Ltd.'s revenue grew 13.6% to 22.12B in FY2026, but its reported net profit of 53.41B is inflated by one-time or non-operating items (such as a demerger, asset or stake sale, or exceptional item), so the year-over-year profit change does not reflect operating momentum.

Understanding Company Performance

In FY 2026, Raymond Ltd.'s revenue grew by 13.6% year-over-year. Revenue is total income from operations. Gross Profit is revenue minus cost of goods. Net Profit is the bottom line after all expenses. Consistent growth across all three signals a healthy, expanding business.

Return on Equity (ROE)

2-year trend showing shareholder returns

FY 2025 - FY 2026

Raymond Ltd.'s ROE of 171.3% in FY2026 is inflated by the same one-time or non-operating items lifting net profit (such as a demerger, asset or stake sale, or exceptional item), so it overstates sustainable capital efficiency.

Understanding Return on Equity (ROE)

In FY 2026, Raymond Ltd. reported an ROE of 171.3%. ROE = (Net Income / Shareholders' Equity) x 100. Measures how efficiently the company turns equity into profit. Above 15% is generally strong; above 25% is excellent. Very high ROE may signal high leverage — check alongside debt levels.

Net Income vs Free Cash Flow

2-year trend comparing profitability with cash generation

FY 2025 - FY 2026

Raymond Ltd.'s FCF/NI ratio of -0.01x in FY2026 indicates weak cash generation raising concerns about earnings quality.

Understanding Net Income vs Free Cash Flow

In FY 2026, Raymond Ltd.'s free cash flow trailed net income. Free Cash Flow = Operating Cash Flow - Capital Expenditure. When FCF exceeds net income, it suggests high-quality, cash-backed earnings. Persistent gaps may indicate aggressive accounting or heavy capex needs.

Net Income vs Operating Cash Flow

2-year trend comparing profitability with cash from operations

FY 2025 - FY 2026

Raymond Ltd.'s OCF/NI ratio of 0.01x in FY2026 indicates weak cash conversion raising concerns about earnings quality.

Understanding Net Income vs Operating Cash Flow

In FY 2026, Raymond Ltd.'s operating cash flow trailed net income. Operating Cash Flow is the actual cash from core operations. OCF exceeding net income signals strong cash collection. OCF trailing net income may indicate aggressive revenue recognition or working capital issues.

Leverage Ratios

Measure a company's financial leverage, liquidity, and ability to meet financial obligations.

Current Ratio Analysis

2-year trend showing short-term liquidity position

FY 2025 - FY 2026

Raymond Ltd.'s current ratio of 1.72x in FY2026 indicates healthy short-term liquidity.

Understanding Current Ratio

In FY 2026, Raymond Ltd. reported a current ratio of 1.72. Current Ratio = Current Assets / Current Liabilities. Measures short-term liquidity. A ratio of 1.5-3.0 is generally healthy; below 1.0 signals liquidity risk; above 3.0 may indicate underutilized assets.

Interest Coverage Ratio Analysis

2-year trend showing ability to service debt

FY 2025 - FY 2026

Raymond Ltd.'s interest coverage ratio of 1.0x in FY2026 indicates difficulty covering interest payments — high financial stress.

Understanding Interest Coverage Ratio

In FY 2026, Raymond Ltd. reported an interest coverage ratio of 1.0x. Interest Coverage = EBIT / Interest Expense. Shows how many times operating profit covers interest payments. Above 5x is comfortable; below 1.5x signals potential difficulty servicing debt.

Debt-to-Equity Ratio Analysis

2-year trend showing financial leverage and capital structure

FY 2025 - FY 2026

Raymond Ltd.'s debt-to-equity ratio of 0.34x in FY2026 reflects a conservative, low-leverage capital structure.

Understanding Debt-to-Equity Ratio

In FY 2026, Raymond Ltd. reported a debt-to-equity ratio of 0.34. Debt-to-Equity = Total Debt / Total Equity. Below 1.0 is conservative; 1.0-2.0 is moderate; above 2.0 indicates higher financial risk. Capital-intensive industries naturally carry higher ratios.

Total Debt Analysis

2-year trend showing total debt with year-over-year changes

FY 2025 - FY 2026

Raymond Ltd.'s debt increased 42.5% YoY in FY2026 — rising leverage demands close monitoring.

Understanding Total Debt

In FY 2026, Raymond Ltd.'s total debt increased by 42.5% year-over-year. Total Debt includes short-term debt, long-term loans, debentures, and capital leases. YoY changes (shown as percentages) reveal whether the company is leveraging up or deleveraging.

Shares Outstanding

Year-over-year change in diluted shares outstanding

Raymond Ltd.'s diluted shares remained virtually unchanged in FY2026.

Over 2 years (FY2025–FY2026), diluted shares remained essentially unchanged at 66.57M.

Understanding Shares Outstanding

In FY 2026, Raymond Ltd.'s diluted shares decreased by 0.0% year-over-year. Diluted Shares accounts for stock options, warrants, and convertibles. Positive YoY change means dilution (red); negative means buybacks (green). Consistent dilution above 5% annually is a red flag.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: FY 2026