The shares of this diversified group engaged in various sectors like Textile & Apparel, Real Estate, FMCG, and Engineering came into focus after the management gave a guidance of 32,000 crore for FY26 for their real estate business.
Stock Performance
With a market capitalization of Rs 9,433.50 crore, Raymond Ltd fell 3 percent in Wednesday’s trading session and made a low of Rs 1382.15 per share compared to its previous closing price of Rs 1425.10 per share. The stock retraced from its day’s low and was trading at Rs 1417 which is slightly lower than the previous close.
Demerger
The real estate demerger is on track, with necessary approvals secured. Raymond Limited shareholders will receive one Raymond Realty share per share held, and listing is expected in Q2 FY26. In engineering, Raymond plans two new subsidiaries—one for aerospace defense, the other for auto components and engineering consumables.
Management Guidance
Amit Agarwal, CFO of the Raymond Group stated that the real estate business is looking to potentially generate a revenue of Rs. 32,000 crores which includes Rs. 25,000 crores from Thane land parcel and Rs. 7,000 crores from the four JDAs the company had sent.
Raymond Ltd is focused on future expansion through a joint development route and targets 20 to 25 percent YoY growth in booking value. Along with this, Raymond is also in the process of finalizing new JDAs to expand operations.
Cash Position
Raymond continues as a net debt-free company, with a cash surplus of Rs 696 crore and a net cash increase of Rs 194 crore since March 2024. Their gross debt stands at Rs 886 crore, which includes funds used for acquiring Maini Precision and its working capital facilities. As of December 31, 2024, Raymond’s cash and cash equivalents stood at Rs 1,582 crore.
Financial Performance
In the latest quarter, Raymond reported a 40 percent YoY increase in its revenue from Rs 678 crore in Q3 FY24 to Rs 954 crore in Q3 FY25. However, the company saw a 61 percent YoY decline in net profits from Rs 185 crore to Rs 72 crore during the same period.
Company Overview
Raymond Limited is an Indian suiting manufacturer offering end-to-end fabric and garment solutions. It operates across eight segments, including Textile, Shirting, Apparel, Garmenting, Tools & Hardware, Auto Components, Real Estate, and Others.
Written by Shwetha Sairam
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