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← CockpitCompetitor Analysis › RAYMOND.NS Raymond LimitedOpen in the cockpit ↗

Raymond LimitedRAYMOND.NSCompetitor analysis, valuation and peers

India · INR·Chemicals›Textiles
Momentum leader 99
Mkt cap
$761M
US dollars, full cap
Free float
50%
of shares outstanding
$/day
$9.44M
20-day average traded
Fwd P/E
79.4×
forward earnings
ROIC−WACC
-9.2 pp
WACC 11.6%
Hurdle
n/a
no reverse DCF
Next earnings
100 days
14 Feb 2027
Close · INR₹1,082
1D-4.3%
1W-1.6%
1M-10.3%
3M+72.4%
6M+110.6%
YTD+153.2%
1Y+86.3%
ATR %6.3%
Beta1.24
52w lowhigh19.2% off high

What Raymond does

Employees: 45

Raymond at a glance

Size Raymond (RAYMOND.NS) is an India Materials company (Textiles) with a market value of $761M, the 690th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,082 on 6 Nov 2026.

Performance Over six months the shares gained 110.6%, against +10.4% for the median peer and 0.0% for the India market (cap-weighted) — highest of 15 in its peer set.

Growth Revenue fell 5.6% over the last twelve months (peer median +2.6%); the operating margin is 5.6% (peer median 7.7%).

Valuation It trades at 79.4× forward earnings against a peer median of 15.9× (most expensive of 11).

Capital Return on invested capital runs 9.2 points below its cost of capital (11.6% WACC).

Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).

Relative performance

10015020025011 May 202611 Aug 20266 Nov 2026RAYMOND.NS 210Peer median 112
Six months, rebased to 100: Raymond against the median of its 15 peers (local-currency closes).

Raymond financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹24.2B₹21.9B₹19.2B₹9.63B₹81.8B
Revenue growth—+14%+100%-88%—
Gross profit₹4.34B₹3.39B₹2.06B₹1.92B₹20.3B
EBITDA₹2.88B₹2.40B₹1.64B₹1.41B₹11.6B
Net income₹480M₹53.4B₹76.3B₹16.4B₹5.29B
Free cash flown/a-₹1.06B₹400M₹1.41B₹5.08B
Capital expendituren/a₹1.14B₹1.58B₹2.08B₹1.16B
Total debt₹11.0B₹10.6B₹7.40B₹41.8B₹25.3B

Quarterly statements and history in the cockpit →

Raymond competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%-20%0%120110ICILSANATHANABRELTRIDENTALOKINDSFILATEXGHCLARVINDJINDWORLDNITINSPINVTLMAYURUNIQSANGAMINDRAYMOND.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Raymond is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%+80%0×25×50×75×120110ICILSANATHANTRIDENTGHCLARVINDNITINSPINMAYURUNIQRAYMOND.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Raymond is the large dot.

Raymond competitors and peer comparison

How Raymond compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Raymond against its 15 peers (data as of 6 Nov 2026)
MeasureRAYMOND.NSPeer medianRank in peer set
1-month return-10.3%-2.3%5th lowest of 16
6-month return+110.6%+10.4%highest of 15
Distance from 52-week high-19.2%-20.8%8th highest of 16
Revenue growth (TTM)-5.6%+2.6%2nd lowest of 15
Operating margin5.6%7.7%6th lowest of 15
Forward P/E79.4×15.9×most expensive of 11
ROIC minus cost of capital-9.2 pp-2.6 pp3rd lowest of 15
EV / EBITDA27.3×12.3×2nd most expensive of 13
Net debt / EBITDA1.3×1.6×6th least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Raymond RAYMOND.NSIndia$761M+111%-6%6%79.4×n/an/a
Kolon Ind 120110.KSSouth Korea$858M-61%+2%4%4.9×4.2%+4.2%
Kusumgar KUSUMGAR.NSIndia$612Mn/an/an/a34.7×n/an/a
Indo Count Industries ICIL.NSIndia$1.03B+68%+19%8%29.7×31.4%+10.5%
Sanathan Textiles SANATHAN.NSIndia$500M+21%+77%5%23.2×n/an/a
Aditya Birla Real Estate ABREL.NSIndia$1.26B-33%-26%-19%n/a39.6%-30.9%
Trident TRIDENT.NSIndia$1.29B-11%-4%11%17.1×18.5%+7.9%
Alok Industries ALOKINDS.NSIndia$442M-41%+6%-4%n/an/an/a
Filatex India FILATEX.NSIndia$427M+100%0%6%n/a20.8%+13.3%
GHCL GHCL.NSIndia$406M-21%+2%20%7.7×-2.5%+4.2%
Arvind ARVIND.NSIndia$1.43B+10%+19%8%26.6×21.1%+12.8%
Jindal Worldwide JINDWORLD.NSIndia$399M+39%-2%5%n/a21.9%+6.0%
Nitin Spinners NITINSPIN.NSIndia$390M+33%0%11%12.8×6.8%+14.7%
Vardhman Textiles VTL.NSIndia$1.56B-15%+3%9%12.0×n/an/a
Mayur Uniquoters MAYURUNIQ.NSIndia$344M+23%+16%22%14.7×14.8%+13.6%
Sangam (India) SANGAMIND.NSIndia$310M+10%+12%9%n/an/an/a

Questions

Which companies are Raymond's closest peers?
The cockpit's peer set: Kolon Ind (120110.KS), Kusumgar (KUSUMGAR.NS), Indo Count Industries (ICIL.NS), Sanathan Textiles (SANATHAN.NS), Aditya Birla Real Estate (ABREL.NS), Trident (TRIDENT.NS), Alok Industries (ALOKINDS.NS), Filatex India (FILATEX.NS).
Is Raymond expensive compared with its peers?
On forward p/e it trades at 79.4× against a peer median of 15.9×, most expensive of 11 in its peer set.
How has Raymond stock performed?
Over six months to 6 Nov 2026 the shares returned +110.6% against +10.4% for the median peer; over one year +86.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.