RAYMOND LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,150 INR | +3.32% |
|
-3.49% | +24.77% |
| 06/05 | Transcript : Raymond Limited, Q4 2024 Earnings Call, May 06, 2024 | |
| 03/05 | India's Raymond Q4 profit jumps 18% on strong real-estate demand | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 49,811 | 14,419 | 81,356 | 1,43,130 | - | - |
| Enterprise Value (EV) 1 | 49,811 | 14,419 | 57,865 | 1,20,385 | 1,37,404 | 1,43,130 |
| P/E ratio | 29.6 x | 7.15 x | 15.4 x | 7.35 x | 16 x | 14.1 x |
| Yield | 0.37% | - | 0.25% | 0.21% | 0.28% | 0.21% |
| Capitalization / Revenue | 0.76 x | 0.22 x | 0.99 x | 1.33 x | 1.42 x | 1.25 x |
| EV / Revenue | 0.76 x | 0.22 x | 0.7 x | 1.33 x | 1.36 x | 1.25 x |
| EV / EBITDA | 8.64 x | - | 4.82 x | 9.2 x | 9.11 x | 8.27 x |
| EV / FCF | -474 x | - | 8.41 x | 28.2 x | 12.6 x | 11.5 x |
| FCF Yield | -0.21% | - | 11.9% | 3.54% | 7.92% | 8.69% |
| Price to Book | 2.45 x | 0.61 x | 2.81 x | 3.19 x | 2.64 x | 2.25 x |
| Nbr of stocks (in thousands) | 61,381 | 64,719 | 66,574 | 66,574 | - | - |
| Reference price 2 | 811.5 | 222.8 | 1,222 | 2,150 | 2,150 | 2,150 |
| Announcement Date | 30/04/19 | 29/06/20 | 09/05/23 | 03/05/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 65,823 | 64,824 | - | 82,147 | 90,195 | 1,01,062 | 1,14,569 |
| EBITDA 1 | 5,768 | - | - | 11,994 | 13,091 | 15,087 | 17,316 |
| EBIT 1 | 3,803 | - | - | 9,641 | 10,254 | 11,880 | 13,536 |
| Operating Margin | 5.78% | - | - | 11.74% | 11.37% | 11.75% | 11.81% |
| Earnings before Tax (EBT) 1 | 2,604 | 1,589 | - | 7,219 | 8,925 | 11,346 | 13,522 |
| Net income 1 | 1,680 | 1,961 | 2,604 | 5,289 | 16,378 | 8,529 | 10,302 |
| Net margin | 2.55% | 3.03% | - | 6.44% | 18.16% | 8.44% | 8.99% |
| EPS 2 | 27.37 | 31.16 | - | 79.45 | 246.1 | 134.5 | 152.2 |
| Free Cash Flow 1 | -105.2 | - | - | 6,879 | 5,145 | 10,880 | 12,439 |
| FCF margin | -0.16% | - | - | 8.37% | 5.74% | 10.77% | 10.86% |
| FCF Conversion (EBITDA) | - | - | - | 57.35% | 40.89% | 72.11% | 71.84% |
| FCF Conversion (Net income) | - | - | - | 130.05% | 31.62% | 127.57% | 120.75% |
| Dividend per Share 2 | 3.000 | - | - | 3.000 | 4.567 | 6.000 | 4.500 |
| Announcement Date | 30/04/19 | 29/06/20 | 16/05/22 | 09/05/23 | 03/05/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 21,682 | 21,502 | 17,715 | 22,030 | 23,350 | 25,720 |
| EBITDA 1 | - | 3,192 | 3,368 | 1,966 | 3,212 | 3,456 | 4,214 |
| EBIT | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) 1 | - | 2,177 | 1,599 | 1,030 | 2,408 | 2,661 | 3,126 |
| Net income 1 | 1,588 | 948.4 | 1,944 | 10,653 | 1,793 | 1,999 | 2,390 |
| Net margin | - | 4.37% | 9.04% | 60.14% | 8.14% | 8.56% | 9.29% |
| EPS | - | 14.25 | 29.19 | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 03/11/22 | 01/02/23 | 09/05/23 | 11/08/23 | - | - | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 2,081 | - | - |
| Net Cash position 1 | - | - | - | 23,491 | - | 5,726 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | 0.1654 x | - | - |
| Free Cash Flow 1 | -105 | - | - | 6,879 | 5,145 | 10,880 | 12,439 |
| ROE (net income / shareholders' equity) | 8.72% | 9.06% | - | 17.2% | 25.7% | 16.8% | 18.2% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 332.0 | 367.0 | - | 436.0 | 674.0 | 816.0 | 954.0 |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 2,612 | - | - | 1,163 | 3,011 | 1,750 | 2,000 |
| Capex / Sales | 3.97% | - | - | 1.42% | 3.36% | 1.73% | 1.75% |
| Announcement Date | 30/04/19 | 29/06/20 | 16/05/22 | 09/05/23 | 03/05/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
2,150
INR
Average target price
2,443
INR
Spread / Average Target
+13.63%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +24.77% | 1.71B | |
| +22.67% | 7.39B | |
| -2.80% | 3.28B | |
| +3.72% | 2.29B | |
| -1.56% | 2.08B | |
| +3.79% | 1.99B | |
| +18.07% | 1.95B | |
| +11.50% | 1.72B | |
| -3.65% | 1.63B | |
| +20.61% | 1.55B |
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