Raymond
Market Cap
₹14.2b
Last Updated
2020/03/28 13:11 UTC
Data Sources
Company Financials +
Executive Summary
Raymond Limited operates as a textile, lifestyle, and branded apparel company in India and internationally.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -12.2% per year for the next 3 years
Snowflake Analysis
Solid track record and slightly overvalued.
Similar Companies
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: RAYMOND's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-19.9%
RAYMOND
-2.3%
IN Luxury
-2.9%
IN Market
1 Year Return
-72.9%
RAYMOND
-26.7%
IN Luxury
-29.3%
IN Market
Return vs Industry: RAYMOND underperformed the Indian Luxury industry which returned -26.9% over the past year.
Return vs Market: RAYMOND underperformed the Indian Market which returned -29.2% over the past year.
Shareholder returns
| RAYMOND | Industry | Market | |
|---|---|---|---|
| 7 Day | -19.9% | -2.3% | -2.9% |
| 30 Day | -59.8% | -28.6% | -26.5% |
| 90 Day | -65.4% | -25.5% | -28.5% |
| 1 Year | -72.8%-72.9% | -26.1%-26.7% | -27.9%-29.3% |
| 3 Year | -65.0%-65.3% | 1.6%-0.9% | -15.4%-20.0% |
| 5 Year | -50.3%-51.4% | 44.6%39.4% | -3.3%-8.3% |
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
2 days ago | Simply Wall St
What Is Raymond's (NSE:RAYMOND) P/E Ratio After Its Share Price Tanked?2 weeks ago | Simply Wall St
How Good Is Raymond Limited (NSE:RAYMOND) At Creating Shareholder Value?2 weeks ago | Simply Wall St
A Sliding Share Price Has Us Looking At Raymond Limited's (NSE:RAYMOND) P/E RatioValuation
Is Raymond undervalued compared to its fair value and its price relative to the market?
4.08x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RAYMOND (₹219.95) is trading above our estimate of fair value (₹44.6)
Significantly Below Fair Value: RAYMOND is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RAYMOND is good value based on its PE Ratio (4.1x) compared to the Luxury industry average (7.8x).
PE vs Market: RAYMOND is good value based on its PE Ratio (4.1x) compared to the Indian market (9.2x).
Price to Earnings Growth Ratio
PEG Ratio: RAYMOND's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: RAYMOND is overvalued based on its PB Ratio (0.7x) compared to the IN Luxury industry average (0.4x).
Next Steps
Future Growth
How is Raymond forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-12.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RAYMOND's earnings are forecast to decline over the next 3 years (-12.2% per year).
Earnings vs Market: RAYMOND's earnings are forecast to decline over the next 3 years (-12.2% per year).
High Growth Earnings: RAYMOND's earnings are forecast to decline over the next 3 years.
Revenue vs Market: RAYMOND's revenue (11.7% per year) is forecast to grow faster than the Indian market (9.1% per year).
High Growth Revenue: RAYMOND's revenue (11.7% 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 RAYMOND's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Raymond performed over the past 5 years?
22.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RAYMOND has high quality earnings.
Growing Profit Margin: RAYMOND's current net profit margins (4.7%) are higher than last year (2.4%).
Past Earnings Growth Analysis
Earnings Trend: RAYMOND's earnings have grown significantly by 22.7% per year over the past 5 years.
Accelerating Growth: RAYMOND's earnings growth over the past year (116.1%) exceeds its 5-year average (22.7% per year).
Earnings vs Industry: RAYMOND earnings growth over the past year (116.1%) exceeded the Luxury industry 6.4%.
Return on Equity
High ROE: RAYMOND's Return on Equity (16.9%) is considered low.
Next Steps
Financial Health
How is Raymond's financial position?
Financial Position Analysis
Short Term Liabilities: RAYMOND's short term assets (₹46.8B) do not cover its short term liabilities (₹49.0B).
Long Term Liabilities: RAYMOND's short term assets (₹46.8B) exceed its long term liabilities (₹10.1B).
Debt to Equity History and Analysis
Debt Level: RAYMOND's debt to equity ratio (124.7%) is considered high.
Reducing Debt: RAYMOND's debt to equity ratio has increased from 114.2% to 124.7% over the past 5 years.
Debt Coverage: RAYMOND's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: RAYMOND's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
Inventory Level: RAYMOND has a high level of physical assets or inventory.
Debt Coverage by Assets: RAYMOND's debt is covered by short term assets (assets are 1.9x debt).
Next Steps
Dividend
What is Raymond's current dividend yield, its reliability and sustainability?
1.37%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RAYMOND's dividend (1.37%) is higher than the bottom 25% of dividend payers in the Indian market (0.95%).
High Dividend: RAYMOND's dividend (1.37%) is low compared to the top 25% of dividend payers in the Indian market (4.18%).
Stability and Growth of Payments
Stable Dividend: RAYMOND has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: RAYMOND'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%), RAYMOND'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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.8yrs
Average management tenure
CEO
Gautam Singhania (54yo)
21.17s
Tenure
₹115,855,200
Compensation
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 ($USD1.54M) is above average for companies of similar size in the Indian market ($USD336.89K).
Compensation vs Earnings: Gautam's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 21.17yrs | ₹115.86m | 0.0085% ₹1.2m | |
| Group Chief Financial Officer | 4.17yrs | ₹40.55m | 0.0086% ₹1.2m | |
| Director of Secretarial | 11.33yrs | ₹11.23m | 0.00015% ₹21.3k | |
| President of Corporate & Shirting Business | no data | no data | no data | |
| Head of Investor Relations | 3.42yrs | no data | no data | |
| VP and Head of Sales & Distribution | no data | ₹8.32m | no data | |
| President of Human Resources | no data | ₹19.22m | no data | |
| President of Commercial | no data | ₹11.23m | no data | |
| President of Group Apparel | no data | no data | no data | |
| President of Suiting | no data | no data | no data |
7.8yrs
Average Tenure
59yo
Average Age
Experienced Management: RAYMOND's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | 21.17yrs | ₹115.86m | 0.0085% ₹1.2m | |
| Non-Executive Director | 1.25yrs | no data | no data | |
| Independent Director | 13.75yrs | ₹2.75m | no data | |
| Independent Director | 10.75yrs | ₹3.30m | no data | |
| Independent Director | 0.33yr | no data | no data | |
| Independent Director | 1.08yrs | ₹300.00k | no data | |
| Non-Executive Director | 5.92yrs | ₹1.75m | 0.0039% ₹549.0k | |
| Additional Independent Director | 0.58yr | no data | no data | |
| Additional Independent Woman Director | 0.58yr | no data | no data |
1.3yrs
Average Tenure
54yo
Average Age
Experienced Board: RAYMOND's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Raymond Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Raymond Limited
- Ticker: RAYMOND
- Exchange: NSEI
- Founded: 1925
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: ₹14.222b
- Shares outstanding: 64.72m
- Website: https://www.raymond.in
Number of Employees
Location
- Raymond Limited
- New Hind House
- Narottam Morarjee Marg
- Mumbai
- Maharashtra
- 400001
- India
Listings
| 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 |
Biography
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 | 2020/03/28 13:11 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.