Raymond Limited operates as a textile, lifestyle, and branded apparel company in India and internationally.
Solid track record and slightly overvalued.
Share Price & News
How has Raymond's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 500330's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 500330 underperformed the Indian Luxury industry which returned 18.2% over the past year.
Return vs Market: 500330 underperformed the Indian Market which returned 10.7% over the past year.
Price Volatility Vs. Market
How volatile is Raymond's share price compared to the market and industry in the last 5 years?
Simply Wall St News
Is Raymond undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 500330 (₹585.15) is trading above our estimate of fair value (₹60.73)
Significantly Below Fair Value: 500330 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 500330 is good value based on its PE Ratio (10.9x) compared to the Luxury industry average (11.2x).
PE vs Market: 500330 is good value based on its PE Ratio (10.9x) compared to the Indian market (13.1x).
Price to Earnings Growth Ratio
PEG Ratio: 500330's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 500330 is overvalued based on its PB Ratio (1.9x) compared to the IN Luxury industry average (0.5x).
How is Raymond forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 500330's earnings are forecast to decline over the next 3 years (-28% per year).
Earnings vs Market: 500330's earnings are forecast to decline over the next 3 years (-28% per year).
High Growth Earnings: 500330's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 500330's revenue (11% per year) is forecast to grow faster than the Indian market (9% per year).
High Growth Revenue: 500330's revenue (11% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if 500330's Return on Equity is forecast to be high in 3 years time
How has Raymond performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 500330 has high quality earnings.
Growing Profit Margin: 500330's current net profit margins (4.7%) are higher than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: 500330's earnings have grown significantly by 22.7% per year over the past 5 years.
Accelerating Growth: 500330's earnings growth over the past year (116.1%) exceeds its 5-year average (22.7% per year).
Earnings vs Industry: 500330 earnings growth over the past year (116.1%) exceeded the Luxury industry 5.6%.
Return on Equity
High ROE: 500330's Return on Equity (16.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Raymond's financial position?
Financial Position Analysis
Short Term Liabilities: 500330's short term assets (₹46.8B) do not cover its short term liabilities (₹49.0B).
Long Term Liabilities: 500330's short term assets (₹46.8B) exceed its long term liabilities (₹10.1B).
Debt to Equity History and Analysis
Debt Level: 500330's debt to equity ratio (124.7%) is considered high.
Reducing Debt: 500330's debt to equity ratio has increased from 114.2% to 124.7% over the past 5 years.
Debt Coverage: 500330's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: 500330's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Inventory Level: 500330 has a high level of physical assets or inventory.
Debt Coverage by Assets: 500330's debt is covered by short term assets (assets are 1.9x debt).
What is Raymond's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 500330's dividend (0.51%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: 500330's dividend (0.51%) is low compared to the top 25% of dividend payers in the Indian market (2.58%).
Stability and Growth of Payments
Stable Dividend: 500330 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 500330's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (5.6%), 500330's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Gautam Singhania (54yo)
Mr. Gautam Hari Singhania has been the Managing Director at Raymond Limited since 1999. Mr. Singhania is In Charge of all companies and subsidiaries of Raymond Group in India and abroad. He joined Raymond ...
CEO Compensation Analysis
Compensation vs Market: Gautam's total compensation ($USD1.62M) is above average for companies of similar size in the Indian market ($USD381.16K).
Compensation vs Earnings: Gautam's compensation has increased by more than 20% in the past year.
|Chairman & MD||21.1yrs||₹115.86m||0.0085% ₹3.2m|
|Group Chief Financial Officer||4.1yrs||₹40.55m||0.0086% ₹3.2m|
|Director of Secretarial||11.3yrs||₹11.23m||0.00015% ₹56.2k|
|President of Corporate & Shirting Business||0yrs||no data||no data|
|Head of Investor Relations||3.3yrs||no data||no data|
|VP and Head of Sales & Distribution||0yrs||₹8.32m||no data|
|President of Human Resources||0yrs||₹19.22m||no data|
|President of Commercial||0yrs||₹11.23m||no data|
|Chief Executive Officer of Lifestyle Business||0yrs||₹3.97m||no data|
|President of Group Apparel||0yrs||no data||no data|
Experienced Management: 500330's management team is seasoned and experienced (7.7 years average tenure).
|Chairman & MD||21.1yrs||₹115.86m||0.0085% ₹3.2m|
|Non-Executive Director||1.2yrs||no data||no data|
|Independent Director||13.7yrs||₹2.75m||no data|
|Independent Director||10.7yrs||₹3.30m||no data|
|Independent Director||0.3yrs||no data||no data|
|Independent Director||1yrs||₹300.00k||no data|
|Non-Executive Director||5.8yrs||₹1.75m||0.0039% ₹1.4m|
|Additional Independent Director||0.5yrs||no data||no data|
|Additional Independent Woman Director||0.5yrs||no data||no data|
Experienced Board: 500330's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Raymond Limited's company bio, employee growth, exchange listings and data sources
- Name: Raymond Limited
- Ticker: 500330
- Exchange: BSE
- Founded: 1925
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹37.453b
- Shares outstanding: 64.72m
- Website: https://www.raymond.in
Number of Employees
- Raymond Limited
- New Hind House
- Narottam Morarjee Marg
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RYWK.F||OTCPK (Pink Sheets LLC)||SHS UNSPONSORED||US||USD||Nov 1994|
|RAYMO||BDL (Bourse de Luxembourg)||SHS UNSPONSORED||LU||USD||Nov 1994|
|500330||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Oct 1995|
|RAYMOND||NSEI (National Stock Exchange of India)||Yes||Equity Shares||IN||INR||Oct 1995|
Raymond Limited operates as a textile, lifestyle, and branded apparel company in India and internationally. It operates through Textile, Shirting, Apparel, Garmenting, Tools & Hardware, Auto Components, and Others segments. The company offers wool, poly-wool, silk, polyester viscose blended, cotton blended, linen blended, and other blended suiting fabrics; and cotton and linen shirting fabrics under the Raymond Fine Fabrics brand name. It also provides suits, jackets, trousers, and shirts; denim fabrics; menswear under the Raymond Ready-To-Wear, Park Avenue, Color Plus, Parx brands; and ethnic wear under the Ethnix brands. In addition, the company offers steel files, cutting tools, hand tools, and power tools; and starter gears, water pump bearings, and flexplates. Further, it is involved in the non-scheduled airline operation and real estate development businesses. It has 1,444 retail stores, including 1,392 stores in approximately 600 towns and cities in India, and 52 overseas stores in 9 countries. Raymond Limited was founded in 1925 and is headquartered in Mumbai, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 12:40|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.