A deep dive into Raymond Ltd. (RAYMOND) — examining the financials, valuation picture, and who owns the stock.
Raymond Revenue Trend
A 79.0% revenue drop brought Raymond Ltd.'s top line down to ₹1,947 Cr in FY2025.
The long-term trend is clearly negative: Raymond Ltd.'s revenue contracted at 9.6% annually over 10 years, from ₹5,333 Cr to ₹1,947 Cr.
At ₹1,947 Cr in annual revenue, Raymond Ltd. is one of the mid-sized players in the textile products space.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹1,947 Cr | -79.0% |
| FY2024 | ₹9,286 Cr | +11.4% |
| FY2023 | ₹8,337 Cr | +34.9% |
| FY2022 | ₹6,179 Cr | +79.3% |
| FY2021 | ₹3,446 Cr | — |
View Raymond Ltd.'s full 10-year revenue trend with CAGR analysis →
Raymond Profitability
In FY2025, Raymond Ltd. earned ₹7,631 Cr in net profit, representing 265.4% year-over-year growth.
The net margin expanded from 22.5% to 392.0%, reflecting improved operational efficiency.
Per-share earnings moved to ₹1145.99 in FY2025 from ₹246.07 in FY2024.
Is Raymond Undervalued
Based on the P/E Ratio model, Raymond Ltd.'s fair value works out to ₹9,930 — 1,610.0% upside from where it trades today.
Raymond Ltd. shares are currently trading at ₹580.70.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹9,930 | 1,610.0% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Raymond Ltd. with detailed assumptions →
Raymond Shareholding Pattern
Promoter holding is steady at 48.9% — no buying or selling over the past 4 quarters.
Foreign institutions moved their stake down to 9.8% from 13.8% over the past year.
On the domestic institutional side, the holding is 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 12 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹77.16B at the end of FY2025, down 41.4% from ₹131.73B a year earlier.
Other Assets is the largest block at 51.3%, followed by Property, Plant & Equipment at 11.6% and Intangibles & Goodwill at 11.4%.
Equity makes up 53.9% of liabilities and equity, with debt at 9.6% and operating liabilities at 36.5%. Over the year, debt is down 82.3% and equity is down 17.8%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 5.07B |
| Receivables | 4.06B |
| Inventories | 4.19B |
| Property, Plant & Equipment | 8.95B |
| Investments | 6.47B |
| Intangibles & Goodwill | 8.82B |
| Other Assets | 39.61B |
| Category | Value |
|---|---|
| Equity | 41.58B |
| Short-term Debt | 3.95B |
| Long-term Debt | 3.45B |
| Trade Payables | 2.54B |
| Other Liabilities | 25.65B |
Raymond at a Glance
To sum up Raymond Ltd.'s financial position: the data paints a clear picture for investors evaluating this textile products stock.
Revenue of ₹1,947 Cr in FY2025, down 79.0% year-over-year.
Long-term revenue has been contracting at 9.6% annually over 10 years.
The company is profitable, with a net margin of 392.0% and net income of ₹7,631 Cr.
The P/E Ratio model implies 1,610.0% 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.