Check Before You Invest : Raymond Ltd

Q: Which industry/sub-sector does Raymond Ltd belong to?

Raymond Ltd belongs to the Travel & Hospitality sector, operating specifically within the Airlines segment.

Q: Is Raymond Ltd a good quality company?

Raymond Ltd is a average quality company, based on a somewhat consistent multi-year financial track record. This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q: Is Raymond Ltd undervalued or overvalued?

Raymond Ltd appears Somewhat overvalued, as its key valuation ratios are higher than their past averages. Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more. Valuation Ratios. Price to Earnings, Current: 0.64, Historic Median: 7.29. Price to Book, Current: 1.2, Historic Median: 2.59. Price to Sales, Current: 1.55, Historic Median: 1.36. EV to EBITDA, Current: 12.67, Historic Median: 9.84

Q: Is Raymond Ltd a good buy now?

Raymond Ltd is a good buy now, based on strong price trend analysis suggesting prices may rise. However, you need to check its quality and valuation before making a decision

Q: Revenue growth of Raymond Ltd?

Raymond Ltd revenue growth is -78.4% for FY-2025, which is below its 5-year CAGR of -21.38%, indicating slower growth.

Q: Gross Profit margin of Raymond Ltd?

Raymond Ltd Gross profit margin which is the profit after deduction of direct costs, is 13.8% for FY-2025, which is above its 5-year median of 12.9%, indicating increasing margins.

Q: Operating Profit Margin of Raymond Ltd?

Raymond Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 9.1% for FY-2025, which is below its 5-year median of 11.49% indicating decreasing margins.

Q: Net Profit Margin of Raymond Ltd?

Raymond Ltd Net Profit Margin is 2.67% for FY-2025, is below its 5-year median of 4.29%, indicating decreasing margins. Profitability Metrics. Gross Profit Margin (%), Current: 13.8, Historic Median: 12.9. Operating Profit Margin (%), Current: 9.1, Historic Median: 11.49. Net Profit Margin (%), Current: 2.67, Historic Median: 4.29

Q: Return on Asset of Raymond Ltd?

Raymond Ltd Return on Asset is 0.5%, which is below its 5-year historical median of 3.96%, indicating deteriorated asset utilization efficiency.

Q: Return on capital employed (ROCE) of Raymond Ltd?

Raymond Ltd Return on capital employed is 2.32% for FY-2025, which is below its 5-year historical median of 10.95%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 13.5%, indicating value preservation.

Check Before You Invest : Raymond Ltd

Snapshot

Q.1 Which industry/sub-sector does Raymond Ltd belong to?

Raymond Ltd belongs to the Travel & Hospitality sector, operating specifically within the Airlines segment.

Q.2 Is Raymond Ltd a good quality company?

Raymond Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

Q.3 Is Raymond Ltd undervalued or overvalued?

Raymond Ltd appears Somewhat overvalued, as its key valuation ratios are higher than their past averages.

Based on the industry it operates in, the relevant valuation ratios include one of the following, P/E, P/BV, P/Sales, EV/EBITDA or a combination of two or more.

Valuation Ratios	Current	5-year Historic Median
Price to Earnings	0.64	7.29
Price to Book	1.2	2.59
Price to Sales	1.55	1.36
EV to EBITDA	12.67	9.84

Q.4 Is Raymond Ltd a good buy now?

Raymond Ltd is a good buy now, based on strong price trend analysis suggesting prices may rise. However, you need to check its quality and valuation before making a decision

Performance Analysis

We have analysed the performance of the company on the following:

How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.

A: What are the trends in revenue and profit margins?

Q.1 Revenue growth of Raymond Ltd?

Raymond Ltd revenue growth is -78.4% for FY-2025, which is below its 5-year CAGR of -21.38%, indicating slower growth.

Q.2 Gross Profit margin of Raymond Ltd?

Raymond Ltd Gross profit margin which is the profit after deduction of direct costs, is 13.8% for FY-2025, which is above its 5-year median of 12.9%, indicating increasing margins.

Q.3 Operating Profit Margin of Raymond Ltd?

Raymond Ltd Operating Profit Margin which is the profit after deduction of all operating costs, is 9.1% for FY-2025, which is below its 5-year median of 11.49% indicating decreasing margins.

Q.4 Net Profit Margin of Raymond Ltd?

Raymond Ltd Net Profit Margin is 2.67% for FY-2025, is below its 5-year median of 4.29%, indicating decreasing margins.

	Current Level	5-year Historic Median
Gross Profit Margin (%)	13.8	12.9
Operating Profit Margin (%)	9.1	11.49
Net Profit Margin (%)	2.67	4.29

B: Does the business utilize capital efficiently?

Q.5 Return on Asset of Raymond Ltd?

Raymond Ltd Return on Asset is 0.5%, which is below its 5-year historical median of 3.96%, indicating deteriorated asset utilization efficiency.

Q.6 Return on capital employed (ROCE) of Raymond Ltd?

Raymond Ltd Return on capital employed is 2.32% for FY-2025, which is below its 5-year historical median of 10.95%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 13.5%, indicating value preservation.

Q.7 Return on Equity (ROE) of Raymond Ltd?

Raymond Ltd Return on equity is 1.26% for FY-2025, which is below its 5-year historical median of 11.91%, indicating the business is making worse use of its shareholders capital.

Q.8 Cash conversion cycle of Raymond Ltd?

Raymond Ltd Cash conversion cycle is 309 days, above its 5-year historical median of 80 days, indicating deteriorated working capital management. However, you need to compare this with its peers in the industry.

	Current Level	5-year Historic Median
Asset Turnover (x)	0.19	0.86
ROE (%)	1.26	11.91
ROCE (%)	2.32	10.95
Cash Conversion Cycle	309 days	80 days

C: How much debt does the business have and is it at a sustainable level?

Q.9 Debt to Equity ratio of Raymond Ltd?

Raymond Ltd Debt-to-Equity ratio is 0.18, which is above the industry average of 0.10, indicating higher debt levels in the industry.

Q.10 Debt to cash flow from operations of Raymond Ltd?

Raymond Ltd Debt to cash flow from operations is 2.9, which is at a moderate level.

Ownership & governance

D: Promoter shareholding and pledge status of Raymond Ltd?

Q.1 Promoter shareholding and pledge status of Raymond Ltd?

Promoters hold 48.87% of the Raymond Ltd, with 15.25% of their stake pledged, indicating high pledge risk.

Peer comparison (industry-wise, mcap)

E: How does Raymond Ltd performance compare with that of its Peers?

Q.1 Revenue growth of Raymond Ltd vs industry peers?

Raymond Ltd revenue CAGR is -21.38%, compared to the industry median CAGR of -7.82%, indicating slower growth and losing its market share.

Profit Metrics

	Current Level	5-year Industry Median
Revenue Growth (%)	-78.4	-7.8
Gross Profit Growth (%)	-77.5	-2.7
Operating Profit Growth (%)	-86.5	-9.8
Net Profit Growth (%)	-96.8	0.4

Operating Efficiency

	Current Level	5-year Industry Median
Asset Turnover (x)	0.19	0.55
ROE (%)	1.26	9.27
ROCE (%)	2.32	10.95
Cash Conversion Cycle (days)	309.09	-

Valuation & price assessment

Q.1 Stock return of Raymond Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 0.8% based on the current price.

	9Y	5Y	3Y	1Y
Share Price CAGR	0.8%	8.8%	-31.5%	-64.7%

Q.2 Valuation ratios of Raymond Ltd vs historical?

The current P/E ratio of 0.64 is lower than its historical median of 7.29, indicating that the stock is trading below its historical average valuation.

Q.3 How do the current valuation ratios compare with 5-year historical median and industry numbers?

Valuation Ratios	Current	5-year Historic Median	5-year Industry Median
Price to Earnings	0.64	7.29	50.85
Price to Book	1.2	2.59	4.43
Price to Sales	1.55	1.36	3.43
EV to EBITDA	12.67	9.84	9.32

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Check Before You Invest : Raymond Ltd

Snapshot

Performance Analysis

Ownership & governance

Peer comparison (industry-wise, mcap)

Profit Metrics

Operating Efficiency

Valuation & price assessment

Check more companies

Check trending companies

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