Raymond Ltd.
•₹ 643.15-2.06%
2026-08-21
PROS
- Company is almost debt free
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.63x)
- Company generates healthy free cash flow
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- Interest coverage is weak at -93.9x - earnings barely cover interest
- Recent results are weak - TTM profit is down 100.4% versus prior year
- Company has a low return on capital employed of 7.5%
- Company has a low return on equity of 7.2% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | INDIGO | 5162.55 | 0.00 | 199618.56 | 0.00 | -238.00 | -110.94 | 24584.10 | 19.94 | 39.95 | 13.29 |
| 2. | RAYMOND | 657.10 | 117.98 | 4374.56 | 0.00 | 30.85 | -99.94 | 605.61 | 15.51 | -0.54 | 12.72 |
| 3. | SPICEJET | 10.89 | 0.00 | 1661.92 | 0.00 | -261.70 | -1390.90 | 1345.47 | 14.14 | 0.00 | -16.38 |
| 4. | TAALTECH | 4225.00 | 21.09 | 1316.65 | 1.54 | 19.43 | 41.73 | 64.81 | 41.60 | 33.33 | 34.03 |
| 5. | TANAA | 309.25 | 41.49 | 788.60 | 0.81 | 5.74 | 62.05 | 10.31 | 21.04 | 15.52 | 72.30 |
| 6. | GLOBALVECT | 149.95 | 0.00 | 209.93 | 0.00 | -11.85 | -25.64 | 130.71 | 1.05 | 28.74 | 8.85 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 237 | 244 | 441 | 2 | 2 | 1 | 2 | 1 | 1 | 0 | 2 | 1 | 1 | |
| 220 | 215 | 393 | 15 | 12 | 18 | 22 | 25 | 15 | 23 | 25 | 28 | 22 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 44 | 45 | 52 | 43 | 57 | 47 | 36 | 44 | 39 | 28 | 27 | 12 | 23 |
| Interest | 7 | 8 | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 11 | 12 | 13 | 14 | 7 | 8 | 8 | 7 | 9 | 8 | 8 | 7 | 7 |
| 43 | 44 | 78 | -3 | 19 | 21 | 7 | 2 | 16 | -4 | -4 | -22 | 2 | |
| Tax % | 25.13% | 22.88% | 25.17% | -24.50% | 34.51% | 39.30% | -24.90% | 33.97% | 25.17% | 25.20% | 23.76% | 13.80% | 16.75% |
| Net Profit | 32 | 34 | 58 | -4 | 13 | 13 | 9 | 1 | 12 | -3 | -3 | -19 | 2 |
| 5 | 5 | 9 | 0 | 2 | 2 | 1 | 0 | 2 | -0 | -0 | -3 | 0 | |
| Equity Capital | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 | 67 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 237
- 220
- Operating Profit
- —
- OPM %
- —
- Other Income
- 44
- Interest
- 7
- Depreciation
- 11
- 43
- Tax %
- 25.13%
- Net Profit
- 32
- 5
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 244
- 215
- Operating Profit
- —
- OPM %
- —
- Other Income
- 45
- Interest
- 8
- Depreciation
- 12
- 44
- Tax %
- 22.88%
- Net Profit
- 34
- 5
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 441
- 393
- Operating Profit
- —
- OPM %
- —
- Other Income
- 52
- Interest
- 9
- Depreciation
- 13
- 78
- Tax %
- 25.17%
- Net Profit
- 58
- 9
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 2
- 15
- Operating Profit
- —
- OPM %
- —
- Other Income
- 43
- Interest
- 0
- Depreciation
- 14
- -3
- Tax %
- -24.50%
- Net Profit
- -4
- 0
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 2
- 12
- Operating Profit
- —
- OPM %
- —
- Other Income
- 57
- Interest
- 0
- Depreciation
- 7
- 19
- Tax %
- 34.51%
- Net Profit
- 13
- 2
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 1
- 18
- Operating Profit
- —
- OPM %
- —
- Other Income
- 47
- Interest
- 0
- Depreciation
- 8
- 21
- Tax %
- 39.30%
- Net Profit
- 13
- 2
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 2
- 22
- Operating Profit
- —
- OPM %
- —
- Other Income
- 36
- Interest
- 0
- Depreciation
- 8
- 7
- Tax %
- -24.90%
- Net Profit
- 9
- 1
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 1
- 25
- Operating Profit
- —
- OPM %
- —
- Other Income
- 44
- Interest
- 0
- Depreciation
- 7
- 2
- Tax %
- 33.97%
- Net Profit
- 1
- 0
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 1
- 15
- Operating Profit
- —
- OPM %
- —
- Other Income
- 39
- Interest
- 0
- Depreciation
- 9
- 16
- Tax %
- 25.17%
- Net Profit
- 12
- 2
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 0
- 23
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 0
- Depreciation
- 8
- -4
- Tax %
- 25.20%
- Net Profit
- -3
- -0
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2
- 25
- Operating Profit
- —
- OPM %
- —
- Other Income
- 27
- Interest
- 0
- Depreciation
- 8
- -4
- Tax %
- 23.76%
- Net Profit
- -3
- -0
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1
- 28
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 0
- Depreciation
- 7
- -22
- Tax %
- 13.80%
- Net Profit
- -19
- -3
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1
- 22
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 0
- Depreciation
- 7
- 2
- Tax %
- 16.75%
- Net Profit
- 2
- 0
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 67
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,822 | 3,012 | 3,276 | 3,186 | 2,176 | 4,261 | 5,780 | 6,593 | 6 | 4 | 4 | |
| 2,663 | 2,802 | 3,046 | 2,933 | 2,347 | 3,768 | 4,864 | 6,324 | 77 | 92 | 99 | |
| Operating Profit | 288 | 335 | 402 | 383 | 37 | 747 | 1,050 | 1,278 | 113 | 18 | — |
| OPM % | 10 | 11 | 12 | 12 | 2 | 18 | 18 | 19 | 1,856 | 412 | — |
| Other Income | 129 | 125 | 172 | 130 | 208 | 254 | 134 | 1,009 | 184 | 106 | 90 |
| Interest | 144 | 147 | 175 | 194 | 239 | 195 | 228 | 329 | 0 | 0 | 0 |
| Depreciation | 90 | 96 | 109 | 155 | 229 | 160 | 159 | 207 | 30 | 31 | 30 |
| 47 | 141 | 94 | 70 | -431 | -445 | 561 | 703 | 50 | -14 | -28 | |
| Tax % | 28 | 31 | 22 | -35 | 36 | 11 | 27 | 25 | 28 | 7 | 17 |
| Net Profit | 34 | 98 | 74 | 94 | -277 | -396 | 410 | 527 | 36 | -13 | -23 |
| EPS | 6 | 16 | 12 | 15 | -42 | -59 | 62 | 79 | 5 | -2 | — |
| Dividend Payout % | 23 | 19 | 25 | 0 | 0 | -5 | 5 | 13 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 6 | 16 | 12 | 15 | -42 | -59 | 62 | 79 | 5 | -2 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 6 | 16 | 12 | 15 | -42 | -59 | 62 | 79 | 5 | -2 | — |
Mar 2017
- 2,822
- 2,663
- Operating Profit
- 288
- OPM %
- 10
- Other Income
- 129
- Interest
- 144
- Depreciation
- 90
- 47
- Tax %
- 28
- Net Profit
- 34
- EPS
- 6
- Dividend Payout %
- 23
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2018
- 3,012
- 2,802
- Operating Profit
- 335
- OPM %
- 11
- Other Income
- 125
- Interest
- 147
- Depreciation
- 96
- 141
- Tax %
- 31
- Net Profit
- 98
- EPS
- 16
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 16
Mar 2019
- 3,276
- 3,046
- Operating Profit
- 402
- OPM %
- 12
- Other Income
- 172
- Interest
- 175
- Depreciation
- 109
- 94
- Tax %
- 22
- Net Profit
- 74
- EPS
- 12
- Dividend Payout %
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
Mar 2020
- 3,186
- 2,933
- Operating Profit
- 383
- OPM %
- 12
- Other Income
- 130
- Interest
- 194
- Depreciation
- 155
- 70
- Tax %
- -35
- Net Profit
- 94
- EPS
- 15
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
Mar 2021
- 2,176
- 2,347
- Operating Profit
- 37
- OPM %
- 2
- Other Income
- 208
- Interest
- 239
- Depreciation
- 229
- -431
- Tax %
- 36
- Net Profit
- -277
- EPS
- -42
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -42
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -42
Mar 2022
- 4,261
- 3,768
- Operating Profit
- 747
- OPM %
- 18
- Other Income
- 254
- Interest
- 195
- Depreciation
- 160
- -445
- Tax %
- 11
- Net Profit
- -396
- EPS
- -59
- Dividend Payout %
- -5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -59
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -59
Mar 2023
- 5,780
- 4,864
- Operating Profit
- 1,050
- OPM %
- 18
- Other Income
- 134
- Interest
- 228
- Depreciation
- 159
- 561
- Tax %
- 27
- Net Profit
- 410
- EPS
- 62
- Dividend Payout %
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 62
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 62
Mar 2024
- 6,593
- 6,324
- Operating Profit
- 1,278
- OPM %
- 19
- Other Income
- 1,009
- Interest
- 329
- Depreciation
- 207
- 703
- Tax %
- 25
- Net Profit
- 527
- EPS
- 79
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 79
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 79
Mar 2025
- 6
- 77
- Operating Profit
- 113
- OPM %
- 1,856
- Other Income
- 184
- Interest
- 0
- Depreciation
- 30
- 50
- Tax %
- 28
- Net Profit
- 36
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2026
- 4
- 92
- Operating Profit
- 18
- OPM %
- 412
- Other Income
- 106
- Interest
- 0
- Depreciation
- 31
- -14
- Tax %
- 7
- Net Profit
- -13
- EPS
- -2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -2
TTM
- 4
- 99
- Operating Profit
- —
- OPM %
- —
- Other Income
- 90
- Interest
- 0
- Depreciation
- 30
- -28
- Tax %
- 17
- Net Profit
- -23
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- -48%
- 5 Years:
- -71%
- 3 Years:
- -91%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 53%
- 5 Years:
- —
- 3 Years:
- 134%
STOCK PRICE CAGR
- 10 Years:
- 5%
- 5 Years:
- 10%
- 3 Years:
- -31%
- 1 Year:
- 2%
RETURN ON EQUITY
- 10 Years:
- 3%
- 5 Years:
- 4%
- 3 Years:
- 7%
- Last Year:
- -1%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 61 | 61 | 61 | 65 | 67 | 67 | 67 | 67 | 67 | 67 |
| 1,163 | 1,256 | 1,307 | 1,718 | 1,917 | 1,746 | 2,186 | 2,733 | 3,232 | 1,711 | |
| 812 | 748 | 1,284 | 1,087 | 517 | 435 | 569 | 330 | 0 | 0 | |
| Trade Payables | 400 | 541 | 615 | 671 | 917 | 1,375 | 1,332 | 1,584 | 27 | 29 |
| 1,145 | 1,376 | 973 | 1,077 | 1,963 | 1,849 | 2,281 | 3,735 | 1,426 | 20 | |
| Total Liabilities | 3,582 | 3,982 | 4,241 | 4,617 | 5,381 | 5,472 | 6,434 | 8,449 | 4,752 | 1,826 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 569 | 1,107 | 1,066 | 1,216 | 1,264 | 1,166 | 1,255 | 1,581 | 340 | 311 | |
| Capital Work in Progress | 285 | 10 | 47 | 26 | 13 | 10 | 24 | 32 | 0 | 0 |
| 836 | 804 | 705 | 648 | 593 | 1,091 | 1,545 | 1,884 | 1,102 | 1,273 | |
| 698 | 937 | 1,059 | 1,290 | 1,297 | 1,543 | 1,951 | 2,011 | 4 | 4 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 940 | 1 | 0 | |
| Cash & Bank | 39 | 67 | 102 | 301 | 502 | 232 | 261 | 446 | 277 | 90 |
| 1,154 | 1,057 | 1,262 | 1,137 | 1,712 | 1,428 | 1,398 | 1,553 | 3,027 | 149 | |
| Total Assets | 3,582 | 3,982 | 4,241 | 4,617 | 5,381 | 5,472 | 6,434 | 8,449 | 4,752 | 1,826 |
| Total Debt | 1,605 | 1,637 | 1,735 | 1,497 | 1,679 | 1,713 | 1,824 | 2,543 | 0 | 0 |
| Net Working Capital | 9 | -130 | -256 | 207 | 1,115 | 986 | 1,120 | 2,304 | 796 | 656 |
| Contingent Liabilities | 136 | 257 | 253 | 217 | 221 | 243 | 229 | 214 | 57 | 58 |
| Book Value per Share | 199.42 | 214.57 | 223.00 | 275.46 | 298.01 | 272.23 | 338.35 | 420.62 | 495.71 | 267.11 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 1,605 | 1,637 | 1,735 | 1,497 | 1,679 | 1,713 | 1,824 | 2,543 | 0 | 0 |
| Net Working Capital | 9 | -130 | -256 | 207 | 1,115 | 986 | 1,120 | 2,304 | 796 | 656 |
| Contingent Liabilities | 136 | 257 | 253 | 217 | 221 | 243 | 229 | 214 | 57 | 58 |
| Book Value per Share | 199.42 | 214.57 | 223.00 | 275.46 | 298.01 | 272.23 | 338.35 | 420.62 | 495.71 | 267.11 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 61
- 1,163
- 812
- Trade Payables
- 400
- 1,145
- Total Liabilities
- 3,582
- 569
- Capital Work in Progress
- 285
- 836
- 698
- 0
- Cash & Bank
- 39
- 1,154
- Total Assets
- 3,582
- Total Debt
- 1,605
- Net Working Capital
- 9
- Contingent Liabilities
- 136
- Book Value per Share
- 199.42
- Face Value
- 10.00
- Total Debt
- 1,605
- Net Working Capital
- 9
- Contingent Liabilities
- 136
- Book Value per Share
- 199.42
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 61
- 1,256
- 748
- Trade Payables
- 541
- 1,376
- Total Liabilities
- 3,982
- 1,107
- Capital Work in Progress
- 10
- 804
- 937
- 0
- Cash & Bank
- 67
- 1,057
- Total Assets
- 3,982
- Total Debt
- 1,637
- Net Working Capital
- -130
- Contingent Liabilities
- 257
- Book Value per Share
- 214.57
- Face Value
- 10.00
- Total Debt
- 1,637
- Net Working Capital
- -130
- Contingent Liabilities
- 257
- Book Value per Share
- 214.57
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 61
- 1,307
- 1,284
- Trade Payables
- 615
- 973
- Total Liabilities
- 4,241
- 1,066
- Capital Work in Progress
- 47
- 705
- 1,059
- 0
- Cash & Bank
- 102
- 1,262
- Total Assets
- 4,241
- Total Debt
- 1,735
- Net Working Capital
- -256
- Contingent Liabilities
- 253
- Book Value per Share
- 223.00
- Face Value
- 10.00
- Total Debt
- 1,735
- Net Working Capital
- -256
- Contingent Liabilities
- 253
- Book Value per Share
- 223.00
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 65
- 1,718
- 1,087
- Trade Payables
- 671
- 1,077
- Total Liabilities
- 4,617
- 1,216
- Capital Work in Progress
- 26
- 648
- 1,290
- 0
- Cash & Bank
- 301
- 1,137
- Total Assets
- 4,617
- Total Debt
- 1,497
- Net Working Capital
- 207
- Contingent Liabilities
- 217
- Book Value per Share
- 275.46
- Face Value
- 10.00
- Total Debt
- 1,497
- Net Working Capital
- 207
- Contingent Liabilities
- 217
- Book Value per Share
- 275.46
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 67
- 1,917
- 517
- Trade Payables
- 917
- 1,963
- Total Liabilities
- 5,381
- 1,264
- Capital Work in Progress
- 13
- 593
- 1,297
- 0
- Cash & Bank
- 502
- 1,712
- Total Assets
- 5,381
- Total Debt
- 1,679
- Net Working Capital
- 1,115
- Contingent Liabilities
- 221
- Book Value per Share
- 298.01
- Face Value
- 10.00
- Total Debt
- 1,679
- Net Working Capital
- 1,115
- Contingent Liabilities
- 221
- Book Value per Share
- 298.01
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 67
- 1,746
- 435
- Trade Payables
- 1,375
- 1,849
- Total Liabilities
- 5,472
- 1,166
- Capital Work in Progress
- 10
- 1,091
- 1,543
- 0
- Cash & Bank
- 232
- 1,428
- Total Assets
- 5,472
- Total Debt
- 1,713
- Net Working Capital
- 986
- Contingent Liabilities
- 243
- Book Value per Share
- 272.23
- Face Value
- 10.00
- Total Debt
- 1,713
- Net Working Capital
- 986
- Contingent Liabilities
- 243
- Book Value per Share
- 272.23
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 67
- 2,186
- 569
- Trade Payables
- 1,332
- 2,281
- Total Liabilities
- 6,434
- 1,255
- Capital Work in Progress
- 24
- 1,545
- 1,951
- 0
- Cash & Bank
- 261
- 1,398
- Total Assets
- 6,434
- Total Debt
- 1,824
- Net Working Capital
- 1,120
- Contingent Liabilities
- 229
- Book Value per Share
- 338.35
- Face Value
- 10.00
- Total Debt
- 1,824
- Net Working Capital
- 1,120
- Contingent Liabilities
- 229
- Book Value per Share
- 338.35
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 67
- 2,733
- 330
- Trade Payables
- 1,584
- 3,735
- Total Liabilities
- 8,449
- 1,581
- Capital Work in Progress
- 32
- 1,884
- 2,011
- 940
- Cash & Bank
- 446
- 1,553
- Total Assets
- 8,449
- Total Debt
- 2,543
- Net Working Capital
- 2,304
- Contingent Liabilities
- 214
- Book Value per Share
- 420.62
- Face Value
- 10.00
- Total Debt
- 2,543
- Net Working Capital
- 2,304
- Contingent Liabilities
- 214
- Book Value per Share
- 420.62
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 67
- 3,232
- 0
- Trade Payables
- 27
- 1,426
- Total Liabilities
- 4,752
- 340
- Capital Work in Progress
- 0
- 1,102
- 4
- 1
- Cash & Bank
- 277
- 3,027
- Total Assets
- 4,752
- Total Debt
- 0
- Net Working Capital
- 796
- Contingent Liabilities
- 57
- Book Value per Share
- 495.71
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 796
- Contingent Liabilities
- 57
- Book Value per Share
- 495.71
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 67
- 1,711
- 0
- Trade Payables
- 29
- 20
- Total Liabilities
- 1,826
- 311
- Capital Work in Progress
- 0
- 1,273
- 4
- 0
- Cash & Bank
- 90
- 149
- Total Assets
- 1,826
- Total Debt
- 0
- Net Working Capital
- 656
- Contingent Liabilities
- 58
- Book Value per Share
- 267.11
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 656
- Contingent Liabilities
- 58
- Book Value per Share
- 267.11
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 229 | 253 | 93 | 315 | 537 | 795 | 668 | 699 | 341 | -145 | |
| Cash from Investing | -65 | -118 | -1 | -52 | 26 | -688 | -412 | -968 | -239 | 166 |
| Cash from Financing | -166 | -116 | -112 | -153 | -483 | -231 | -218 | 273 | -142 | -1 |
| -2 | 20 | -20 | 111 | 81 | -124 | 38 | 5 | -40 | 20 | |
| Free Cash Flow | 83 | -103 | -7 | 58 | 206 | 795 | 470 | 170 | 341 | -145 |
| OCF / Net Profit | 6.78 | 2.58 | 1.26 | 3.34 | -1.94 | -2.01 | 1.63 | 1.33 | 9.50 | 10.97 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 238 | 950 | 1,522 | 1,699 | 1,982 | 1,631 |
| OCF / Net Profit | 6.78 | 2.58 | 1.26 | 3.34 | -1.94 | -2.01 | 1.63 | 1.33 | 9.50 | 10.97 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 238 | 950 | 1,522 | 1,699 | 1,982 | 1,631 |
Mar 2017
- 229
- Cash from Investing
- -65
- Cash from Financing
- -166
- -2
- Free Cash Flow
- 83
- OCF / Net Profit
- 6.78
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 6.78
- Cumulative 5-Year FCF
- 0
Mar 2018
- 253
- Cash from Investing
- -118
- Cash from Financing
- -116
- 20
- Free Cash Flow
- -103
- OCF / Net Profit
- 2.58
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.58
- Cumulative 5-Year FCF
- 0
Mar 2019
- 93
- Cash from Investing
- -1
- Cash from Financing
- -112
- -20
- Free Cash Flow
- -7
- OCF / Net Profit
- 1.26
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.26
- Cumulative 5-Year FCF
- 0
Mar 2020
- 315
- Cash from Investing
- -52
- Cash from Financing
- -153
- 111
- Free Cash Flow
- 58
- OCF / Net Profit
- 3.34
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.34
- Cumulative 5-Year FCF
- 0
Mar 2021
- 537
- Cash from Investing
- 26
- Cash from Financing
- -483
- 81
- Free Cash Flow
- 206
- OCF / Net Profit
- -1.94
- Cumulative 5-Year FCF
- 238
- OCF / Net Profit
- -1.94
- Cumulative 5-Year FCF
- 238
Mar 2022
- 795
- Cash from Investing
- -688
- Cash from Financing
- -231
- -124
- Free Cash Flow
- 795
- OCF / Net Profit
- -2.01
- Cumulative 5-Year FCF
- 950
- OCF / Net Profit
- -2.01
- Cumulative 5-Year FCF
- 950
Mar 2023
- 668
- Cash from Investing
- -412
- Cash from Financing
- -218
- 38
- Free Cash Flow
- 470
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- 1,522
- OCF / Net Profit
- 1.63
- Cumulative 5-Year FCF
- 1,522
Mar 2024
- 699
- Cash from Investing
- -968
- Cash from Financing
- 273
- 5
- Free Cash Flow
- 170
- OCF / Net Profit
- 1.33
- Cumulative 5-Year FCF
- 1,699
- OCF / Net Profit
- 1.33
- Cumulative 5-Year FCF
- 1,699
Mar 2025
- 341
- Cash from Investing
- -239
- Cash from Financing
- -142
- -40
- Free Cash Flow
- 341
- OCF / Net Profit
- 9.50
- Cumulative 5-Year FCF
- 1,982
- OCF / Net Profit
- 9.50
- Cumulative 5-Year FCF
- 1,982
Mar 2026
- -145
- Cash from Investing
- 166
- Cash from Financing
- -1
- 20
- Free Cash Flow
- -145
- OCF / Net Profit
- 10.97
- Cumulative 5-Year FCF
- 1,631
- OCF / Net Profit
- 10.97
- Cumulative 5-Year FCF
- 1,631
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 5.51 | 15.98 | 12.03 | 14.57 | -41.54 | -59.47 | 61.65 | 79.14 | 5.40 | -1.98 |
| Book Value (₹) | 199.42 | 214.57 | 223.00 | 275.46 | 298.01 | 272.23 | 338.35 | 420.62 | 495.71 | 267.11 |
| Dividend per Share (₹) | 1.25 | 3.00 | 3.00 | 0.00 | 0.00 | 3.00 | 3.00 | 10.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 20.23 | 31.57 | 29.72 | 38.57 | -7.09 | -35.48 | 85.56 | 110.29 | 9.95 | 2.73 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 10.20% | 11.11% | 12.25% | 12.00% | 1.57% | 17.42% | 18.04% | 4.06% | -1169.46% | -2072.47% |
| Net Margin % | 1.20% | 3.26% | 2.25% | 2.95% | -11.76% | -9.24% | 7.06% | 7.95% | 590.15% | -310.82% |
| ROE % | 2.77% | 7.72% | 5.50% | 5.99% | -14.68% | -21.85% | 20.20% | 20.85% | 1.18% | -0.52% |
| ROCE % | 6.79% | 9.99% | 8.88% | 8.28% | -5.54% | -7.09% | 20.76% | 21.87% | 1.15% | -0.55% |
| 0.96% | 2.59% | 1.80% | 2.13% | -5.53% | -7.24% | 6.90% | 7.08% | 0.54% | -0.40% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 93 | 81 | 72 | 69 | 113 | 61 | 41 | 42 | 0 | 45 |
| Inventory Days | 88 | 99 | 111 | 134 | 201 | 131 | 110 | 109 | 0 | 350 |
| Payable Days | 107 | 139 | 149 | 185 | 252 | 338 | 249 | 228 | 0 | 0 |
| 74 | 41 | 34 | 19 | 62 | -146 | -98 | -77 | 0 | 395 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 1.31x | 1.24x | 1.27x | 0.84x | 0.85x | 0.95x | 0.81x | 0.91x | 0.00x | 0.00x |
| Interest Coverage (x) | 1.33x | 1.96x | 1.54x | 1.36x | -0.81x | -1.28x | 3.46x | 3.14x | 452.73x | -93.93x |
| 1.00x | 0.94x | 0.90x | 1.09x | 1.49x | 1.37x | 1.37x | 1.76x | 14.30x | 12.84x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 1.09% | 6.71% | 8.79% | -2.75% | -31.71% | 0.00% | 35.65% | 14.08% | -99.91% | -30.21% |
| Operating Profit Growth % | -19.84% | 16.28% | 20.13% | -4.70% | -90.33% | 0.00% | 40.59% | 21.72% | -91.15% | -84.50% |
| Net Profit Growth % | -54.13% | 189.91% | -24.73% | 27.77% | -393.19% | 0.00% | 203.67% | 28.31% | -93.18% | -136.76% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 28.36% | -93.18% | -136.76% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 22.85x | 259.88x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.30x | 2.83x | 1.21x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.55% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 11.06x | 80.17x | 117.18x |
Mar 2017
- EPS (₹)
- 5.51
- Book Value (₹)
- 199.42
- Dividend per Share (₹)
- 1.25
- Cash EPS (₹)
- 20.23
- Operating Margin %
- 10.20%
- Net Margin %
- 1.20%
- ROE %
- 2.77%
- ROCE %
- 6.79%
- 0.96%
- Debtor Days
- 93
- Inventory Days
- 88
- Payable Days
- 107
- 74
- Debt to Equity (x)
- 1.31x
- Interest Coverage (x)
- 1.33x
- 1.00x
- Revenue Growth %
- 1.09%
- Operating Profit Growth %
- -19.84%
- Net Profit Growth %
- -54.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 15.98
- Book Value (₹)
- 214.57
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 31.57
- Operating Margin %
- 11.11%
- Net Margin %
- 3.26%
- ROE %
- 7.72%
- ROCE %
- 9.99%
- 2.59%
- Debtor Days
- 81
- Inventory Days
- 99
- Payable Days
- 139
- 41
- Debt to Equity (x)
- 1.24x
- Interest Coverage (x)
- 1.96x
- 0.94x
- Revenue Growth %
- 6.71%
- Operating Profit Growth %
- 16.28%
- Net Profit Growth %
- 189.91%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 12.03
- Book Value (₹)
- 223.00
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 29.72
- Operating Margin %
- 12.25%
- Net Margin %
- 2.25%
- ROE %
- 5.50%
- ROCE %
- 8.88%
- 1.80%
- Debtor Days
- 72
- Inventory Days
- 111
- Payable Days
- 149
- 34
- Debt to Equity (x)
- 1.27x
- Interest Coverage (x)
- 1.54x
- 0.90x
- Revenue Growth %
- 8.79%
- Operating Profit Growth %
- 20.13%
- Net Profit Growth %
- -24.73%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 14.57
- Book Value (₹)
- 275.46
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 38.57
- Operating Margin %
- 12.00%
- Net Margin %
- 2.95%
- ROE %
- 5.99%
- ROCE %
- 8.28%
- 2.13%
- Debtor Days
- 69
- Inventory Days
- 134
- Payable Days
- 185
- 19
- Debt to Equity (x)
- 0.84x
- Interest Coverage (x)
- 1.36x
- 1.09x
- Revenue Growth %
- -2.75%
- Operating Profit Growth %
- -4.70%
- Net Profit Growth %
- 27.77%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -41.54
- Book Value (₹)
- 298.01
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -7.09
- Operating Margin %
- 1.57%
- Net Margin %
- -11.76%
- ROE %
- -14.68%
- ROCE %
- -5.54%
- -5.53%
- Debtor Days
- 113
- Inventory Days
- 201
- Payable Days
- 252
- 62
- Debt to Equity (x)
- 0.85x
- Interest Coverage (x)
- -0.81x
- 1.49x
- Revenue Growth %
- -31.71%
- Operating Profit Growth %
- -90.33%
- Net Profit Growth %
- -393.19%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- -59.47
- Book Value (₹)
- 272.23
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- -35.48
- Operating Margin %
- 17.42%
- Net Margin %
- -9.24%
- ROE %
- -21.85%
- ROCE %
- -7.09%
- -7.24%
- Debtor Days
- 61
- Inventory Days
- 131
- Payable Days
- 338
- -146
- Debt to Equity (x)
- 0.95x
- Interest Coverage (x)
- -1.28x
- 1.37x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 61.65
- Book Value (₹)
- 338.35
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 85.56
- Operating Margin %
- 18.04%
- Net Margin %
- 7.06%
- ROE %
- 20.20%
- ROCE %
- 20.76%
- 6.90%
- Debtor Days
- 41
- Inventory Days
- 110
- Payable Days
- 249
- -98
- Debt to Equity (x)
- 0.81x
- Interest Coverage (x)
- 3.46x
- 1.37x
- Revenue Growth %
- 35.65%
- Operating Profit Growth %
- 40.59%
- Net Profit Growth %
- 203.67%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 79.14
- Book Value (₹)
- 420.62
- Dividend per Share (₹)
- 10.00
- Cash EPS (₹)
- 110.29
- Operating Margin %
- 4.06%
- Net Margin %
- 7.95%
- ROE %
- 20.85%
- ROCE %
- 21.87%
- 7.08%
- Debtor Days
- 42
- Inventory Days
- 109
- Payable Days
- 228
- -77
- Debt to Equity (x)
- 0.91x
- Interest Coverage (x)
- 3.14x
- 1.76x
- Revenue Growth %
- 14.08%
- Operating Profit Growth %
- 21.72%
- Net Profit Growth %
- 28.31%
- 28.36%
- P/E (x)
- 22.85x
- P/B (x)
- 4.30x
- Dividend Yield %
- 0.55%
- 11.06x
Mar 2025
- EPS (₹)
- 5.40
- Book Value (₹)
- 495.71
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.95
- Operating Margin %
- -1169.46%
- Net Margin %
- 590.15%
- ROE %
- 1.18%
- ROCE %
- 1.15%
- 0.54%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 452.73x
- 14.30x
- Revenue Growth %
- -99.91%
- Operating Profit Growth %
- -91.15%
- Net Profit Growth %
- -93.18%
- -93.18%
- P/E (x)
- 259.88x
- P/B (x)
- 2.83x
- Dividend Yield %
- 0.00%
- 80.17x
Mar 2026
- EPS (₹)
- -1.98
- Book Value (₹)
- 267.11
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.73
- Operating Margin %
- -2072.47%
- Net Margin %
- -310.82%
- ROE %
- -0.52%
- ROCE %
- -0.55%
- -0.40%
- Debtor Days
- 45
- Inventory Days
- 350
- Payable Days
- 0
- 395
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- -93.93x
- 12.84x
- Revenue Growth %
- -30.21%
- Operating Profit Growth %
- -84.50%
- Net Profit Growth %
- -136.76%
- -136.76%
- P/E (x)
- 0.00x
- P/B (x)
- 1.21x
- Dividend Yield %
- 0.00%
- 117.18x
Documents
Announcements
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-14 - Raymond Limited has informed the Exchange about Transcript
- Copy of Newspaper Publication
2026-08-08 - Raymond Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Feb 2026