Financials Raymond Limited Bombay S.E.

Equities

RAYMOND

INE301A01014

Textiles & Leather Goods

Market Closed - Bombay S.E. 06:00:50 2024-04-26 am EDT 5-day change 1st Jan Change
2,107 INR -0.70% Intraday chart for Raymond Limited +4.75% +22.31%

Valuation

Fiscal Period: March 2019 2020 2023 2024 2025 2026
Capitalization 1 49,811 14,419 81,356 140,321 - -
Enterprise Value (EV) 1 49,811 14,419 57,865 142,402 134,595 140,321
P/E ratio 29.6 x 7.15 x 15.4 x 22.3 x 16.2 x 14 x
Yield 0.37% - 0.25% 0.22% 0.23% 0.21%
Capitalization / Revenue 0.76 x 0.22 x 0.99 x 1.57 x 1.4 x 1.24 x
EV / Revenue 0.76 x 0.22 x 0.7 x 1.59 x 1.34 x 1.24 x
EV / EBITDA 8.64 x - 4.82 x 11.3 x 9.11 x 8.22 x
EV / FCF -474 x - 8.41 x 27.7 x 16.3 x 13.8 x
FCF Yield -0.21% - 11.9% 3.61% 6.15% 7.26%
Price to Book 2.45 x 0.61 x 2.81 x 3.13 x 2.79 x 2.24 x
Nbr of stocks (in thousands) 61,381 64,719 66,574 66,574 - -
Reference price 2 811.5 222.8 1,222 2,108 2,108 2,108
Announcement Date 4/30/19 6/29/20 5/9/23 - - -
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 89,650 100,232 113,086
EBITDA 1 5,768 - - 11,994 12,582 14,767 17,070
EBIT 1 3,803 - - 9,641 9,722 11,689 13,544
Operating Margin 5.78% - - 11.74% 10.84% 11.66% 11.98%
Earnings before Tax (EBT) 1 2,604 1,589 - 7,219 8,952 11,182 13,473
Net income 1 1,680 1,961 2,604 5,289 16,272 8,567 10,288
Net margin 2.55% 3.03% - 6.44% 18.15% 8.55% 9.1%
EPS 2 27.37 31.16 - 79.45 94.45 130.1 150.7
Free Cash Flow 1 -105.2 - - 6,879 5,145 8,274 10,190
FCF margin -0.16% - - 8.37% 5.74% 8.25% 9.01%
FCF Conversion (EBITDA) - - - 57.35% 40.89% 56.03% 59.7%
FCF Conversion (Net income) - - - 130.05% 31.62% 96.58% 99.05%
Dividend per Share 2 3.000 - - 3.000 4.567 4.833 4.500
Announcement Date 4/30/19 6/29/20 5/16/22 5/9/23 - - -
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 11/3/22 2/1/23 5/9/23 8/11/23 - - -
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 8,274 10,190
ROE (net income / shareholders' equity) 8.72% 9.06% - 17.2% 25.7% 18.5% 18.1%
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 2 332.0 367.0 - 436.0 674.0 757.0 940.0
Cash Flow per Share - - - - - - -
Capex 1 2,612 - - 1,163 3,011 2,133 2,167
Capex / Sales 3.97% - - 1.42% 3.36% 2.13% 1.92%
Announcement Date 4/30/19 6/29/20 5/16/22 5/9/23 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
2,108 INR
Average target price
2,394 INR
Spread / Average Target
+13.58%
Consensus

Quarterly revenue - Rate of surprise