Raymond
- Home ›
- IN ›
- Consumer Durables
Raymond Limited operates as a textile, lifestyle, and branded apparel company in India and internationally. The last earnings update was 87 days ago. More info.
Add to Portfolio Compare Print
RAYMOND Share Price and Events
7 Day Returns
1 Year Returns
RAYMOND Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Raymond (RAYMOND) | -0.4% | -4.5% | -3.2% | -25.4% | 95.7% | 143.6% |
| IN Luxury | 0.9% | 1.6% | 8.6% | -3.2% | 48.8% | 161.5% |
| IN Market | 0.8% | 2.1% | 5.8% | -0.7% | 41.2% | 72.5% |
1 Year Return vs Industry and Market
- RAYMOND underperformed the Luxury industry which returned -3.2% over the past year.
- RAYMOND underperformed the Market in India which returned -0.7% over the past year.
RAYMOND Value
Is Raymond undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Raymond
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Raymond.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 15.9% |
| Perpetual Growth Rate | 10-Year IN Government Bond Rate | 7.6% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
| Equity Risk Premium | S&P Global | 8.6% |
| Luxury Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.729 (1 + (1- 35%) (47.21%)) |
0.968 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.97 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.968 * 8.6%) |
15.88% |
Discounted Cash Flow Calculation for NSEI:RAYMOND using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Raymond is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (INR, Millions) | Source |
Present Value Discounted (@ 15.88%) |
|
|---|---|---|---|
| 2019 | -1,210.00 | Analyst x1 | -1,044.20 |
| 2020 | 169.50 | Analyst x2 | 126.23 |
| 2021 | 812.00 | Analyst x1 | 521.85 |
| 2022 | 1,275.66 | Est @ 57.1% | 707.50 |
| 2023 | 1,814.44 | Est @ 42.24% | 868.42 |
| 2024 | 2,391.97 | Est @ 31.83% | 987.96 |
| 2025 | 2,979.10 | Est @ 24.55% | 1,061.86 |
| 2026 | 3,558.45 | Est @ 19.45% | 1,094.56 |
| 2027 | 4,123.46 | Est @ 15.88% | 1,094.56 |
| 2028 | 4,675.16 | Est @ 13.38% | 1,070.96 |
| Present value of next 10 years cash flows | ₹6,489.70 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= ₹4,675.16 × (1 + 7.55%) ÷ (15.88% – 7.55%) |
₹60,373.29 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ₹60,373.29 ÷ (1 + 15.88%)10 |
₹13,829.92 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ₹6,489.70 + ₹13,829.92 |
₹20,319.62 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹20,319.62 / 61.38 |
₹331.04 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in NSEI:RAYMOND
represents 1.00173x
of
BSE:500330
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
1.00173x |
| Value per Share (Listing Adjusted, INR) |
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 331.04 x 1.00173 |
₹331.62 |
| Value per share (INR) | From above. | ₹331.62 |
| Current discount | Discount to share price of
₹781.25
= -1 x (₹781.25 - ₹331.62) / ₹331.62 |
-135.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Raymond is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Raymond's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Raymond's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in INR | ₹25.02 |
| BSE:500330 Share Price ** | BSE (2019-04-18) in INR | ₹779.9 |
| India Luxury Industry PE Ratio | Median Figure of 240 Publicly-Listed Luxury Companies | 12.25x |
| India Market PE Ratio | Median Figure of 2,738 Publicly-Listed Companies | 16.33x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Raymond.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:500330 Share Price ÷ EPS (both in INR) = 779.9 ÷ 25.02 |
31.17x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Raymond is overvalued based on earnings compared to the IN Luxury industry average.
- Raymond is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does
Raymond's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 31.17x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
10.4%per year |
| India Luxury Industry PEG Ratio | Median Figure of 25 Publicly-Listed Luxury Companies | 1.55x |
| India Market PEG Ratio | Median Figure of 584 Publicly-Listed Companies | 1.32x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 31.17x ÷ 10.4% |
3.01x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Raymond is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Raymond's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in INR | ₹298.48 |
| BSE:500330 Share Price * | BSE (2019-04-18) in INR | ₹779.9 |
| India Luxury Industry PB Ratio | Median Figure of 311 Publicly-Listed Luxury Companies | 0.74x |
| India Market PB Ratio | Median Figure of 3,628 Publicly-Listed Companies | 1.11x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:500330 Share Price ÷ Book Value per Share (both in INR) = 779.9 ÷ 298.48 |
2.61x |
* Primary Listing of Raymond.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Raymond is overvalued based on assets compared to the IN Luxury industry average.
Value checks
We assess Raymond's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) Raymond has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
RAYMOND Future Performance
How is Raymond expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Raymond's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
- Raymond's earnings growth is positive but not above the India market average.
- Raymond's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NSEI:RAYMOND Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 10.4% |
| NSEI:RAYMOND Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 10.4% |
| India Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 19.3% |
| India Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 15% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.5% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 80,870 | 3,312 | 1,947 | 1 |
| 2020-03-31 | 73,421 | 2,420 | 1,926 | 3 |
| 2019-03-31 | 66,252 | 1,790 | 1,703 | 1 |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 64,055 | 1,536 | |
| 2018-09-30 | 62,146 | 1,449 | |
| 2018-06-30 | 59,623 | 1,419 | |
| 2018-03-31 | 59,085 | 3,947 | 1,346 |
| 2017-12-31 | 57,584 | 1,145 | |
| 2017-09-30 | 55,811 | 698 | |
| 2017-06-30 | 55,391 | 349 | |
| 2017-03-31 | 53,616 | 3,481 | 255 |
| 2016-12-31 | 54,291 | 499 | |
| 2016-09-30 | 58,110 | 1,072 | |
| 2016-06-30 | 56,432 | 899 | |
| 2016-03-31 | 51,956 | 3,172 | 848 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Raymond Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 39.95 | 48.40 | 31.50 | 2.00 |
| 2020-03-31 | 31.30 | 37.40 | 25.90 | 3.00 |
| 2019-03-31 | 27.70 | 27.70 | 27.70 | 1.00 |
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-12-31 | 25.02 |
| 2018-09-30 | 23.61 |
| 2018-06-30 | 22.64 |
| 2018-03-31 | 21.93 |
| 2017-12-31 | 18.67 |
| 2017-09-30 | 11.36 |
| 2017-06-30 | 5.68 |
| 2017-03-31 | 4.16 |
| 2016-12-31 | 8.29 |
| 2016-09-30 | 17.46 |
| 2016-06-30 | 14.65 |
| 2016-03-31 | 13.82 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Raymond's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Raymond has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
RAYMOND Past Performance
How has Raymond performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Raymond's year on year earnings growth rate has been positive over the past 5 years.
- Raymond's 1-year earnings growth exceeds its 5-year average (34.2% vs 3.2%)
- Raymond's earnings growth has exceeded the IN Luxury industry average in the past year (34.2% vs 14.8%).
Earnings and Revenue History
All data from Raymond Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 64,054.85 | 1,535.80 | 13,360.75 | |
| 2018-09-30 | 62,145.65 | 1,448.50 | 13,067.95 | |
| 2018-06-30 | 59,622.65 | 1,419.00 | 12,725.95 | |
| 2018-03-31 | 59,084.85 | 1,346.30 | 12,533.55 | |
| 2017-12-31 | 57,584.49 | 1,144.77 | 12,532.83 | |
| 2017-09-30 | 55,810.79 | 698.07 | 12,381.33 | |
| 2017-06-30 | 55,391.19 | 348.77 | 12,315.43 | |
| 2017-03-31 | 53,615.65 | 255.17 | 12,115.53 | |
| 2016-12-31 | 54,290.71 | 499.34 | 11,857.21 | |
| 2016-09-30 | 58,109.71 | 1,071.94 | 12,012.31 | |
| 2016-06-30 | 56,432.31 | 899.14 | 11,694.31 | |
| 2016-03-31 | 51,956.07 | 848.02 | 11,002.39 | |
| 2015-12-31 | 54,836.37 | 573.05 | 14,649.54 | |
| 2015-09-30 | 53,833.77 | 732.65 | 14,388.94 | |
| 2015-06-30 | 53,457.37 | 1,319.45 | 14,224.14 | |
| 2015-03-31 | 53,326.17 | 1,128.15 | 10,344.54 | |
| 2014-12-31 | 51,761.27 | 994.80 | 12,110.90 | |
| 2014-09-30 | 50,006.17 | 1,003.00 | 11,879.40 | |
| 2014-06-30 | 47,702.77 | 1,244.60 | 11,646.40 | |
| 2014-03-31 | 45,479.77 | 1,076.30 | 11,452.11 | |
| 2013-12-31 | 43,731.92 | 1,001.00 | 11,415.37 | |
| 2013-09-30 | 42,154.32 | 560.50 | 11,348.97 | |
| 2013-06-30 | 41,060.12 | 140.30 | 11,296.37 | |
| 2013-03-31 | 40,691.62 | 287.30 | 10,932.47 | |
| 2012-12-31 | 39,490.91 | 313.00 | 10,854.76 | |
| 2012-09-30 | 38,528.01 | 793.60 | 10,620.36 | |
| 2012-06-30 | 37,184.01 | 1,100.40 | 10,382.96 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Raymond has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Raymond used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
- Raymond has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Raymond's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Raymond has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
RAYMOND Health
How is Raymond's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Raymond's finances.
The net worth of a company is the difference between its assets and liabilities.
- Raymond's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Raymond's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Raymond Company Filings, last reported 3 months ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 19,118.50 | 22,600.90 | 4,449.00 |
| 2018-09-30 | 19,118.50 | 22,600.90 | 4,449.00 |
| 2018-06-30 | 18,882.82 | 23,543.45 | 4,199.32 |
| 2018-03-31 | 18,882.82 | 23,543.45 | 4,199.32 |
| 2017-12-31 | 17,988.20 | 20,276.70 | 4,711.40 |
| 2017-09-30 | 17,988.20 | 20,276.70 | 4,711.40 |
| 2017-06-30 | 17,424.28 | 21,422.21 | 4,593.44 |
| 2017-03-31 | 17,424.28 | 21,422.21 | 4,285.58 |
| 2016-12-31 | 17,468.20 | 18,956.00 | 4,830.40 |
| 2016-09-30 | 17,468.20 | 18,956.00 | 4,830.40 |
| 2016-06-30 | 16,943.07 | 20,628.79 | 4,491.43 |
| 2016-03-31 | 17,371.50 | 20,644.64 | 4,544.57 |
| 2015-12-31 | 16,019.40 | 17,918.10 | 4,588.30 |
| 2015-09-30 | 16,019.40 | 17,918.10 | 4,588.30 |
| 2015-06-30 | 16,138.88 | 18,854.48 | 4,472.03 |
| 2015-03-31 | 16,138.88 | 18,854.48 | 4,472.03 |
| 2014-12-31 | 15,592.20 | 17,794.10 | 4,676.30 |
| 2014-09-30 | 15,592.20 | 17,794.10 | 4,676.30 |
| 2014-06-30 | 15,366.70 | 19,020.52 | 4,850.93 |
| 2014-03-31 | 15,366.70 | 19,097.73 | 4,850.93 |
| 2013-12-31 | 14,874.60 | 15,426.00 | 4,661.90 |
| 2013-09-30 | 14,874.60 | 15,426.00 | 4,661.90 |
| 2013-06-30 | 13,912.44 | 17,568.58 | 4,585.24 |
| 2013-03-31 | 13,912.44 | 17,568.58 | 4,508.04 |
| 2012-12-31 | 13,900.70 | 15,527.30 | 4,503.30 |
| 2012-09-30 | 13,900.70 | 15,527.30 | 4,503.30 |
| 2012-06-30 | 13,764.36 | 17,566.97 | 4,644.91 |
- Raymond's level of debt (118.2%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (103.9% vs 118.2% today).
- Debt is not well covered by operating cash flow (17.5%, less than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.5x annual interest expense, ideally 3x coverage).
Financial health checks
We assess Raymond's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Raymond has a total score of 1/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
RAYMOND Dividends
What is Raymond's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
₹2,000 of
Raymond
shares you are expected to receive
₹8
in your first year as a dividend.
Dividend Amount
- Raymond's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.5%).
- Raymond's dividend is below the markets top 25% of dividend payers in India (1.92%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| India Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 110 Stocks | 0.6% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1400 Stocks | 1.3% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.5% |
| India Top 25% Dividend Yield | 75th Percentile | 1.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in ₹) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-03-31 | 6.00 | 1.00 |
| 2020-03-31 | 4.50 | 2.00 |
| 2019-03-31 | 3.00 | 1.00 |
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-04-24 | 3.000 | 0.368 |
| 2017-04-28 | 1.250 | 0.144 |
| 2016-04-26 | 3.000 | 0.587 |
| 2015-04-29 | 3.000 | 0.713 |
| 2014-05-02 | 2.000 | 0.451 |
| 2013-04-26 | 1.000 | 0.386 |
| 2012-05-24 | 2.500 | 0.687 |
| 2011-04-21 | 1.000 | 0.276 |
| 2009-05-19 | 0.000 | 0.000 |
| 2009-04-21 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Raymond has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Raymond only paid a dividend in the past 8 years.
Income/ dividend checks
We assess Raymond's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Raymond afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Raymond has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
RAYMOND Management
CEO
| COMPENSATION | ₹94,386,225 |
| AGE | 52 |
| TENURE AS CEO | 20.3 years |
CEO Bio
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 Group of Companies in 1986. He serves as the Chairman of the Board at Colorplus Fashions Limited and Ring Plus Aqua Ltd. He has been Chairman of board at Raymond Limited since September 2000. He serves as a Director of the Colorplus Fashions. He serves as a Director at J K Investors (Bombay) Ltd. He has been a Director of J. K. Investo Trade (India) Limited since June 20, 1990 and Raymond Limited since April 01, 1990. He serves as a Director and Chairman of Colorplus Fashions at Raymond Apparel Ltd. Mr. Singhania is a Commerce graduate of the University of Mumbai.
CEO Compensation
- Gautam's compensation has increased by more than 20% in the past year.
- Gautam's remuneration is higher than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the Raymond management team in years:
- The average tenure for the Raymond management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Gautam Singhania
Chairman & MD
₹94M
52
20.3 yrs
Sanjay Bahl
Group Chief Financial Officer
₹27M
60
3.3 yrs
Thomas Fernandes
Director of Secretarial
₹9M
58
10.4 yrs
J. Mukund
Head of Investor Relations
2.5 yrs
Ram Bhatnagar
VP and Head of Sales & Distribution
₹8M
58
K. Narayan
President of Human Resources
₹19M
60
S. Gupta
President of Corporate & Shirting Business
S. Pokharna
President of Commercial
₹11M
64
Sanjay Behl
Chief Executive Officer of Lifestyle Business
₹4M
Gaurav Mahajan
President of Group Apparel
45
Board of Directors Tenure
Average tenure and age of the Raymond board of directors in years:
- The tenure for the Raymond board of directors is about average.
Board of Directors
Gautam Singhania
Chairman & MD
₹94M
52
18.6 yrs
Ishwar Agarwal
Independent Director
₹3M
77
12.8 yrs
Pradeep Guha
Independent Director
₹3M
66
9.8 yrs
Boman Irani
Independent Director
49
8 yrs
Akshay Kumar Chudasama
Independent Director
₹2M
48
2.8 yrs
Nawaz Singhania
Non-Executive Director
₹2M
49
5 yrs
Surya Gupta
Additional Director
67
0.3 yrs
Shiv Kumar
Independent Director
53
0.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 01. Feb 19 | Buy | J K Investors (Bombay) Ltd. | Company | 30. Jan 19 | 30. Jan 19 | 14,000 | ₹758.67 | ₹10,621,380 | ||
| 30. Jan 19 | Buy | J K Investors (Bombay) Ltd. | Company | 29. Jan 19 | 29. Jan 19 | 5,000 | ₹757.69 | ₹3,788,450 | ||
| 29. Jan 19 | Buy | J K Investors (Bombay) Ltd. | Company | 28. Jan 19 | 28. Jan 19 | 30,000 | ₹757.65 | ₹22,729,498 | ||
| 21. Nov 18 | Buy | J K Investors (Bombay) Ltd. | Company | 19. Nov 18 | 20. Nov 18 | 70,000 | ₹800.01 | ₹55,752,844 | ||
| 10. Oct 18 | Buy | J K Investors (Bombay) Ltd. | Company | 09. Oct 18 | 09. Oct 18 | 25,000 | ₹605.69 | ₹15,142,249 | ||
| 01. Oct 18 | Buy | Sanjay Bahl | Individual | 19. Jul 18 | 25. Sep 18 | 1,000 | ₹847.06 | ₹768,573 | ||
| 01. Oct 18 | Buy | Sanjay Bahl | Individual | 19. Jul 18 | 25. Sep 18 | 1,750 | ₹847.06 | ₹1,362,225 | ||
| 12. Sep 18 | Buy | J K Investors (Bombay) Ltd. | Company | 11. Sep 18 | 11. Sep 18 | 50,000 | ₹786.96 | ₹39,347,999 | ||
| 14. Aug 18 | Buy | J K Investors (Bombay) Ltd. | Company | 10. Aug 18 | 10. Aug 18 | 20,000 | ₹796.57 | ₹15,931,400 | ||
| 10. Aug 18 | Buy | J K Investors (Bombay) Ltd. | Company | 08. Aug 18 | 09. Aug 18 | 25,000 | ₹791.03 | ₹19,735,671 | ||
| 08. Aug 18 | Buy | J K Investors (Bombay) Ltd. | Company | 06. Aug 18 | 06. Aug 18 | 20,000 | ₹820.22 | ₹16,404,400 | ||
| 17. Jul 18 | Buy | J K Investors (Bombay) Ltd. | Company | 13. Jul 18 | 16. Jul 18 | 15,000 | ₹891.45 | ₹13,184,692 | ||
| 29. Jun 18 | Buy | J K Investors (Bombay) Ltd. | Company | 28. Jun 18 | 28. Jun 18 | 20,000 | ₹896.97 | ₹17,939,304 | ||
| 26. Jun 18 | Buy | J K Investors (Bombay) Ltd. | Company | 22. Jun 18 | 22. Jun 18 | 5,000 | ₹954.51 | ₹4,772,550 | ||
| 25. Jun 18 | Buy | J K Investors (Bombay) Ltd. | Company | 20. Jun 18 | 21. Jun 18 | 15,570 | ₹963.97 | ₹15,009,088 | ||
Management checks
We assess Raymond's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Raymond has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
RAYMOND News
Simply Wall St News
Read This Before Buying Raymond Limited (NSE:RAYMOND) For Its Dividend
On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations.. … With a 0.4% yield and a eight-year payment history, investors probably think Raymond looks like a reliable dividend stock.! … Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1
Simply Wall St - – Full articleIs Raymond Limited's (NSE:RAYMOND) CEO Salary Justified?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Gautam Singhania's Compensation Compare With Similar Sized Companies. … Our data indicates that Raymond Limited is worth ₹50b, and total annual CEO compensation is ₹94m.
Simply Wall St - – Full articleHow Many Insiders Bought Raymond Limited (NSE:RAYMOND) Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So before you buy or sell Raymond Limited (NSE:RAYMOND), you may well want to know whether insiders have been buying or selling. … In total, Raymond insiders bought more than they sold over the last year
Simply Wall St - – Full articleIs Raymond's 184% Share Price Increase Well Justified?
For example, the Raymond Limited (NSE:RAYMOND) share price has soared 184% in the last half decade. … During five years of share price growth, Raymond achieved compound earnings per share (EPS) growth of 8.9% per year. … This EPS growth is lower than the 23% average annual increase in the share price.
Simply Wall St - – Full articleDoes Raymond Limited's (NSE:RAYMOND) Recent Track Record Look Strong?
When Raymond Limited (NSE:RAYMOND) released its most recent earnings update (31 December 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Below is a quick commentary on how I see RAYMOND has performed. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 3.2%, indicating the rate at which RAYMOND is growing has accelerated
Simply Wall St - – Full articleDo Institutions Own Raymond Limited (NSE:RAYMOND) Shares?
Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Raymond is a smaller company with a market capitalization of ₹46b, so it may still be flying under the radar of many institutional investors.
Simply Wall St - – Full articleShould You Be Tempted To Sell Raymond Limited (NSE:RAYMOND) Because Of Its P/E Ratio?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … We'll show how you can use Raymond Limited's (NSE:RAYMOND) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleHow Should Investors React To Raymond Limited's (NSE:RAYMOND) CEO Pay?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Gautam Singhania's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Raymond Limited has a market cap of ₹53b, and is paying total annual CEO compensation of ₹94m.
Simply Wall St - – Full articleWhat Should You Know About Raymond Limited's (NSE:RAYMOND) Capital Returns?
This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … To understand Raymond’s capital returns we will look at a useful metric called return on capital employed. … This will tell us if the company is growing your capital and placing you in good stead to sell your shares at a profit
Simply Wall St - – Full articleHow Many Insiders Bought Raymond Limited (NSE:RAYMOND) Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So we'll take a look at whether insiders have been buying or selling shares in Raymond Limited (NSE:RAYMOND). … These transactions suggest that insiders have considered the current price of ₹815 attractive.
Simply Wall St - – Full articleRAYMOND Company Info
Description
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; and menswear and ethnic wear under the Raymond Ready-To-Wear, Park Avenue, Color Plus, Parx, and 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 1,167 retail stores in approximately 450 cities. Raymond Limited was founded in 1925 and is headquartered in Mumbai, India.
Details
| Name: | Raymond Limited |
| RAYMOND | |
| Exchange: | NSEI |
| Founded: | 1925 |
| ₹47,870,928,034 | |
| 61,380,854 | |
| Website: | http://www.raymond.in |
| Address: |
Raymond Limited New Hind House, Narottam Morarjee Marg, Mumbai, Maharashtra, 400001, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 500330 | Equity Shares | Mumbai Stock Exchange | IN | INR | 18. Oct 1995 | |
| NSEI | RAYMOND | Equity Shares | National Stock Exchange of India | IN | INR | 18. Oct 1995 | |
| BDL | RAYMO | SHS UNSPONSORED | Bourse de Luxembourg | LU | USD | 24. Nov 1994 |
Number of employees
Current staff
Industry
| Textiles | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/20 12:46 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/09 |
| Last earnings filing: | 2019/01/23 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
