As of 6 Nov 2026, Raymond Lifestyle trades at 90.4× trailing earnings, above the industry P/E of 17.2×, and the shares are 56% below their 52-week high. Net profit grew 8.6% a year over 3 years; its ROCE of 2.8% is the second-lowest among the 7 largest Apparel Manufacturing peers. Debt is 0.30× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹3,232 Cr, ranked 8th of 61 Apparel Manufacturing companies by market cap; the shares fell 54% over the past year.
- ₹536.05
- ₹536.15
- ₹520.00
- ₹539.00
- 1.4 L
Health check
- ReturnsBehind
−54.1% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 90.4 vs industry 17.2.
- GrowthStrong
Sales +276.0%, profit +8.6% a year over 3 years.
- ProfitabilityWeak
ROCE 2.8% vs peer median 20.1%.
- Balance sheetStretched
Debt 0.30× equity, interest covered 1.3×, Piotroski 5 of 9.
- Red flags4 to check
Return on equity is low at 0.4%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹3,232 Cr
- Small cap
- P/E
- 90.4
- Industry 17.2
- Price to book
- 0.34
- Peers 5.48
- Dividend yield
- 0.19%
- ROE
- 0.4%
- Peers 20.0%
- ROCE
- 2.8%
- Peers 20.1%
- Debt to equity
- 0.30
- Debt ₹2,934 Cr
- EPS (TTM)
- ₹5.87
- Face value ₹2
- OPM (TTM)
- 8.3%
- Net margin 0.5%
- Sales growth
- +13.2%
- Latest quarter vs a year ago
- Profit growth
- −10.2%
- Latest quarter vs a year ago
- Price to sales
- 0.45
- EV/EBITDA 10.0
Strengths and risks
Strengths
- Positive operating cash flow in each of the last 4 years.
- Promoter stake up from 57.1% to 59.6%.
Risks to check
- Return on equity is low at 0.4%.
- Quarterly profit down 10.2% on a year ago.
- P/E of 90.4 against an industry P/E of 17.2.
- 56% below its 52-week high.
About Raymond Lifestyle
Raymond Lifestyle Limited manufactures and sells branded apparel in India. The company offers branded apparel under the Raymond, Park Avenue, ColorPlus, Parx, and Ethnix by Raymond brands; suiting fabric under Raymond Fine Fabrics brand; cotton and linen shirting, and bottom-weight textiles; and garments, including suits, formal blazers, jackets, formal trousers, pieces of denim, and shirts under Raymond Ready-to-Wear brand. It also provides bedsheets,…
- Headquarters
- Mumbai
- Employees
- 15,258
- Sector
- Consumer Cyclical
- ISIN
- INE02ID01020
- Website
- raymondlifestyle.com
Price range
- Avg volume (3M)
- 2.8 L
- 1-year return
- minus 54.1%
- From 52-week high
- minus 56.1%
Peers · Apparel Manufacturing
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PAGEINDPage Industries | 35,930.00 | plus 1.15% | 40,076 | 53.0 | 26.67 | 61.5% | 52.5% | 21.4% | 3.8% | 10.2% | 2.23% | minus 11.5% |
| PGILPearl Global Industries | 1,338.80 | 0.00% | 12,368 | 39.9 | 8.46 | 20.1% | 21.2% | 9.0% | 17.5% | 23.0% | 0.54% | plus 105.8% |
| MANYAVARVedant Fashions | 472.80 | minus 6.51% | 11,488 | 29.8 | 5.48 | 22.3% | 20.0% | 44.0% | 1.9% | −4.3% | 1.64% | minus 21.6% |
| GOKEXGokaldas Exports | 682.95 | minus 7.32% | 5,004 | 37.8 | 2.32 | 8.9% | 4.7% | 8.2% | 20.9% | −16.7% | 0.00% | minus 14.5% |
| ABFRLAditya Birla Fashion and Retail | 39.02 | minus 6.61% | 4,748 | – | 0.91 | −3.2% | −12.3% | 8.9% | −13.0% | – | 0.00% | minus 50.3% |
| LUXINDLux Industries | 1,162.40 | plus 0.41% | 3,496 | 34.1 | 1.86 | 9.3% | 5.9% | 6.4% | 7.2% | −9.9% | 0.17% | minus 7.5% |
| SBCSBC Exports | 68.70 | plus 2.86% | 3,271 | 80.8 | 32.48 | 36.4% | 41.5% | 8.7% | 27.2% | 54.1% | 0.00% | plus 176.0% |
| RAYMONDLSLRaymond Lifestyle | 530.60 | minus 1.56% | 3,232 | 90.4 | 0.34 | 2.8% | 0.4% | 8.3% | 276.0% | 8.6% | 0.19% | minus 54.1% |
| Median of 7 peers | – | 0.00% | 5,004 | 38.9 | 5.48 | 20.1% | 20.0% | 8.9% | 7.2% | 2.9% | 0.17% | −11.5% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,430 | 1,849 | 1,776 | 1,516 | 2,075 | |
| 1,353 | 1,612 | 1,728 | 1,426 | 1,855 | |
| 77 | 237 | 48.6 | 89.8 | 220 | |
| 5.4% | 12.8% | 2.7% | 5.9% | 10.6% | |
| 44.5 | 34.1 | 33.9 | 44.8 | 49.5 | |
| 57.5 | 60.3 | 55.3 | 63.5 | 73.7 | |
| 88.8 | 92.3 | 98.2 | 109 | 105 | |
| – | −56.8 | 2.9 | – | – | |
| −24.8 | 61.5 | −68.2 | −38.3 | 90.9 | |
| 20.0% | 30.3% | 23.6% | 41.1% | 25.7% | |
| −19.8 | 42.9 | −52.1 | −22.6 | 67.5 | |
| -3.25 | 7.04 | -8.55 | -3.71 | 11.08 |
Profit & loss
- Sales CAGR 3Y
- +276.0%
- Profit CAGR 3Y
- +8.6%
- EPS CAGR 3Y
- +8.7%
- ROE
- 0.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 128 | 6,493 | 6,126 | 6,820 | |
| – | +4965.2% | minus 5.6% | +11.3% | |
| 93.5 | 5,540 | 5,544 | 6,110 | |
| 34.7 | 953 | 583 | 710 | |
| 27.1% | 14.7% | 9.5% | 10.4% | |
| 1.1 | 124 | 39.6 | 39 | |
| 1 | 193 | 203 | 233 | |
| 4.1 | 246 | 321 | 371 | |
| 0.5 | 2.2 | −38.2 | −74 | |
| 31.2 | 640 | 60 | 71.5 | |
| 26.1% | 25.1% | 36.4% | 35.4% | |
| 36 | 2,645 | 38.2 | 46.2 | |
| – | +7242.3% | minus 98.6% | +20.9% | |
| 5.91 | 434.10 | 6.27 | 7.59 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 10.3 | 8.9 | 19.5 | 19.5 | |
| 130 | 9,653 | 9,568 | 9,616 | |
| 4.5 | 1,540 | 2,291 | 2,186 | |
| 169 | 1,853 | 1,958 | 2,176 | |
| 314 | 13,055 | 13,836 | 13,997 | |
| 14.8 | 2,299 | 2,631 | 2,539 | |
| – | 61.6 | 135 | 138 | |
| – | 138 | 156 | 440 | |
| 0 | 863 | 1,199 | 900 | |
| 299 | 9,694 | 9,715 | 9,980 | |
| 314 | 13,055 | 13,836 | 13,997 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 4 | 37.6 | 404 | 543 | |
| −0.7 | 1,305 | −281 | −127 | |
| −4.3 | −1,403 | 58.5 | −448 | |
| −1 | −60.4 | 182 | −31.8 | |
| −0.7 | −153 | −219 | −184 | |
| 3.3 | −116 | 185 | 358 | |
| – | −0.1 | −60 | – |
Shareholding pattern
- Promoters59.62%
- Public40.36%
- Employee trusts0.03%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 59.62% | 40.36% | 0.00 | |
| 30 Jun 2026 | 59.62% | 40.36% | plus 0.09 | |
| 31 Mar 2026 | 59.53% | 40.44% | plus 1.31 | |
| 31 Dec 2025 | 58.22% | 41.75% | plus 1.07 | |
| 30 Sep 2025 | 57.15% | 42.82% | – |
Major shareholders
Filings & events
News
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