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Raymond (RAYMOND) had a P/E of 153.5× on 6 Nov 2026, above the industry P/E of 33.8×, and the shares are 19% below their 52-week high. Its ROCE of −0.6% is the lowest among the 7 largest Specialty Industrial Machinery peers, and sales fell 36% a year over 3 years while net profit grew 116%. Debt is 0.32× equity. It is a small-cap company with a market cap of ₹7,218 Cr, ranked 30th of 138 Specialty Industrial Machinery companies by market cap; the shares rose 98% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,122.00
Day high
₹1,134.60
Day low
₹1,070.00
Prev. close
₹1,130.70
Volume
4.4 L

Health check

1 good · 1 fair · 4 to check
  • ReturnsAhead

    +97.8% over a year, better than 7 of 7 peers.

  • Price tagPricier

    P/E 153.5 vs industry 33.8.

  • GrowthSteady

    Sales −36.0%, profit +116.1% a year over 3 years.

  • ProfitabilityNegative

    ROCE -0.6% vs peer median 24.8%.

  • Balance sheetStretched

    Debt 0.32× equity, operating profit doesn’t cover interest, Piotroski 6 of 9.

  • Red flags3 to check

    Return on equity is low at 2.4%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Industrial Machinery

137 listed peers. Screen the industry

Small cap

₹7,218 Cr, #30 of 138 in its industry by size.

Defensive

Beta 0.57 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹2,431 Cr · profit ₹48 Cr
Market cap
₹7,218 Cr
Small cap
P/E
153.5
Industry 33.8
Price to book
2.28
Peers 9.16
Dividend yield
0.00%
ROE
2.4%
Peers 19.1%
ROCE
−0.6%
Peers 24.8%
Debt to equity
0.32
Debt ₹1,095 Cr
EPS (TTM)
₹7.05
Face value ₹10
OPM (TTM)
11.9%
Net margin 2.0%
Sales growth
+24.2%
Latest quarter vs a year ago
Profit growth
+83.0%
Latest quarter vs a year ago
Price to sales
2.97
EV/EBITDA 27.5

Strengths and risks

Strengths

  • Quarterly profit up 83.0% on a year ago.
  • Quarterly sales up 24.2% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Return on equity is low at 2.4%.
  • P/E of 153.5 against an industry P/E of 33.8.
  • Interest coverage of only 1.6×.

Derived automatically from reported figures. Not a recommendation.

About Raymond

Raymond Limited engages in the engineering businesses in India. It operates through Precision technology and auto component; Aerospace and defence; and Others segments. The company also engages non-scheduled airline operations. In addition, it manufactures and distributes steel files, cutting tools, hand tools, power tool accessories, and machines; and precision components, such as ring gears, flexplates, and water pump bearings, as well as machined…

Headquarters
Mumbai
Employees
42
Sector
Industrials
ISIN
INE301A01014
Website
raymond.in

Price range

52 weeks

₹320.00₹1,339.00

Today

₹1,070.00₹1,134.60
Avg volume (3M)
27.7 L
1-year return
plus 97.8%
From 52-week high
minus 19.2%

Peers · Specialty Industrial Machinery

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
BHELBharat Heavy Electricals418.80plus 0.17%1,45,82950.674.66.6%10.1%0.2213.5%plus 56.4%
ABBABB India6,774.00plus 2.20%1,43,54792.368.228.5%13.8%0.0215.4%plus 26.4%
SIEMENSSiemens3,560.00plus 3.73%1,26,77986.159.316.5%10.4%0.023.0%plus 10.0%
CUMMINSINDCummins India4,048.80minus 0.25%1,12,23349.841.735.0%19.1%0.0016.1%minus 6.0%
GVT&DGE Vernova T&D India4,018.00minus 3.06%1,02,87971.356.658.5%26.5%0.0131.1%plus 31.7%
SUZLONSuzlon Energy38.80plus 0.54%53,33723.717.324.8%16.7%0.0741.4%minus 35.7%
AIAENGAIA Engineering3,113.60minus 2.77%29,05623.519.619.9%27.4%0.00−3.4%minus 3.9%
RAYMONDRaymond1,082.00minus 4.31%7,218153.529.9−0.6%5.4%0.32−36.0%plus 97.8%
Median of 7 peers–0.17%1,12,23350.656.624.8%16.7%0.0215.4%10.0%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
524557603606655
468497527528580
56.359.975.577.375.3
10.7%10.8%12.5%12.8%11.5%
2922.98.422.228.7
18.620.62320.321.6
38.538.236.737.939.8
–−14−20––
28.210.14.241.342.7
26.9%29.8%−185.4%25.4%24.9%
5,3283.61.130.922.4
800.610.540.174.643.13

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−36.0%
Profit CAGR 3Y
+116.1%
EPS CAGR 3Y
+116.1%
ROE
2.4%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
8,1129301,8612,124
–minus 88.5%+100.2%+14.2%
6,8896311,6661,995
1,223298195130
15.1%32.1%10.5%6.1%
10219.942.9164
25686583.5
235284163152
−96.352.368.8−164
73778.878.3−106
27.2%31.1%33.6%150.6%
5291,6387,6315,341
–+209.6%+366.0%minus 30.0%
79.45246.071145.99802.31

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
66.666.666.666.6
2,8324,5513,6502,777
2,5304,1827401,064
2,7864,3743,260830
8,21513,1737,7164,738
1,9712,643909902
39.594.418.360.9
315323385535
1,2001,375761676
4,6908,7375,6442,564
8,21513,1737,7164,738

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
80453323341.8
−476−1,042−232−180
−319502−104230
9.5−6.1−10291.4
−116−208−158−114
68832675.3−72.1
−20−20.1−65.9−0.4

Shareholding pattern

Source: NSE filings
48.9%
promoters
  • Promoters48.87%
  • Public51.10%
  • Employee trusts0.03%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202648.87%51.10%0.00
30 Jun 202648.87%51.10%0.00
31 Mar 202648.87%51.10%0.00
31 Dec 202548.87%51.10%0.00
30 Sep 202548.87%51.10%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you