This article examines Raymond Ltd. (RAYMOND) across three angles: the financials, the valuation picture, and who owns the stock.
Raymond Revenue Trend
Revenue at Raymond Ltd. climbed 13.6% in FY2026, with the top line reaching ₹2,212 Cr.
Zooming out, the long-term picture is less encouraging: revenue has contracted at 8.2% annually over 10 years, shrinking from ₹5,177 Cr to ₹2,212 Cr.
With ₹2,212 Cr in annual revenue, Raymond Ltd. sits among the mid-sized players in the textile products space.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹2,212 Cr | +13.6% |
| FY2025 | ₹1,947 Cr | -79.0% |
| FY2024 | ₹9,286 Cr | +11.4% |
| FY2023 | ₹8,337 Cr | +34.9% |
| FY2022 | ₹6,179 Cr | — |
View Raymond Ltd.'s full 10-year revenue trend with CAGR analysis →
Raymond Profitability
Net profit fell 30.0% in FY2026 to ₹5,341 Cr, a meaningful step back for the bottom line.
The net margin compressed from 392.0% to 241.5%, a contraction that points to rising cost pressures.
Earnings per share declined to ₹802.31 in FY2026, compared with ₹1145.99 in FY2025.
Is Raymond Undervalued
The P/E Ratio model puts Raymond Ltd.'s fair value at ₹6,810, which is 1,015.7% upside from where it trades today.
Shares of Raymond Ltd. are currently trading at ₹610.35.
Craytheon calculates intrinsic value through the EPS Growth model as well. The detailed analysis includes the full breakdown with assumptions.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹6,810 | 1,015.7% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for Raymond Ltd. with detailed assumptions →
Raymond Shareholding Pattern
Promoter holding has stayed flat at 48.9%, with no buying or selling over the past 4 quarters.
Foreign institutional investors trimmed their stake to 9.8% from 13.8% over the past year.
Domestic institutions held 3.6% as of March 2026, down from 4.8%.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 48.9% | 9.8% | 3.6% | 37.7% |
| Dec 2025 | 48.9% | 11.0% | 3.4% | 36.6% |
| Sep 2025 | 48.9% | 13.6% | 3.5% | 34.0% |
| Jun 2025 | 48.9% | 13.8% | 4.8% | 32.5% |
Track quarterly shareholding changes for Raymond Ltd. →
Raymond Balance Sheet
Proportional view as of 7 Jul 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹47.38B at the end of FY2026, down 38.6% from ₹77.16B a year earlier.
Investments is the largest block at 25.1%, followed by Property, Plant & Equipment at 18.6% and Intangibles & Goodwill at 14.4%.
Equity makes up 65.8% of liabilities and equity, with debt at 22.3% and operating liabilities at 11.9%. Over the year, debt is up 42.5% and equity is down 25.0%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 6.40B |
| Receivables | 5.21B |
| Inventories | 4.87B |
| Property, Plant & Equipment | 8.79B |
| Investments | 11.90B |
| Intangibles & Goodwill | 6.83B |
| Other Assets | 3.38B |
| Category | Value |
|---|---|
| Equity | 31.18B |
| Short-term Debt | 5.47B |
| Long-term Debt | 5.08B |
| Trade Payables | 3.45B |
| Other Liabilities | 2.21B |
Raymond at a Glance
Pulling together Raymond Ltd.'s financial position gives investors a reasonably clear picture of this textile products stock.
FY2026 revenue came in at ₹2,212 Cr, a 13.6% increase year-over-year.
Over 10 years, revenue has contracted at an annual rate of 8.2%.
Profitability remains intact, with a net margin of 241.5% and net income of ₹5,341 Cr.
The P/E Ratio model implies 1,015.7% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
There's more to the story. Craytheon's full profile for Raymond Ltd. includes three valuation models, decade-long financials, and insider activity.