Raymond Ltd
RAYMONDRaymond Ltd's multiple sits at its floor because earnings outran a 6× five-year rally — compression born of growth, not neglect. The quarters are still improving, and the P/E sits at the 2nd percentile of its own 10-year range.
The sharpest disagreement: profits are rising, but only 6% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch.
The price is in a confirmed uptrend (6 weeks in) while the P/E sits at the 2nd percentile of its own 10-year range. Underneath, the last four quarters read improving — profit −91.2% year on year, and 6% of the last 3 years' profit arrived as cash. What settles it: whether the cash starts following the profit.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Raymond Ltd trades at ₹605, in a confirmed uptrend and 6 weeks into that stage. That is +19.5% against its own 200-day average. It sits at 91% of a 52-week range of ₹343 to ₹632. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 19 straight weeks.
Today the stock is in a confirmed uptrend — week 6 of stage 2, confirmed. At ₹605 it trades +19.5% versus its 200-day average and sits at 91% of its 52-week range (₹343–₹632).
Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +612% while the NIFTY 500 moved +274% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 19 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
→ The trend is one thing; the bill is another. Are you paying up for it? Next: the P/E sits at the 2nd percentile of its own range.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Raymond Ltd trades at 0.7× P/E, about the cheapest it has ever traded. Its long-run median P/E is 6.7×, measured across 10.4 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 0.7× is about the cheapest it has ever traded, against a long-run median of 6.7× measured over 10.4 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved −30.0% against a −15.9% price move — the price outran earnings, pushing the multiple UP its own range.
The price move, decomposed: over 10y, of the +19.9%/yr price move, ~+45.6%/yr came from earnings growth and ~−25.7 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources disagree by up to 379% on reported income across 13 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Cheap or dear rides on the earnings. Are they actually growing? Next: the fundamental stage — where the business sits in its arc, and how growth has compounded.
Stage: Mixed Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Raymond Ltd reads as mixed on its fundamental arc. Mixed — no clean majority across the growth curves, ROCE holding at 3.0% — the per-curve reads carry the story. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: when the curves disagree, the per-curve reads above matter more than any single verdict.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +13.6% | −35.4% | −8.5% | −8.2% |
| Profit | −29.8% | +115.3% | — | +51.2% |
| EPS | −30.0% | +116.1% | — | +50.1% |
| Share price | −15.9% | +15.5% | +44.1% | +19.9% |
→ The stage names the trajectory. Next: the revenue line that produces it, quarter by quarter.
4-Factor Sector Score
51.1/100 — rank 11 of 26 in Realty - Construction & Contracting · 66% evidence confidence
Raymond Ltd scores 51.1 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 11. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 19.1 + 11.7 + 11.5 + 8.8 = 51.1. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Raymond Ltd reported ₹603 Cr of revenue in the Mar 26 quarter, +8.3% year on year. That is the 5th straight quarter of year-on-year growth. Over 10 years it has compounded at −8.2% a year. The last full year, FY26, came in at ₹2,212 Cr. The last four reported quarters add to ₹2,212 Cr.
Raymond Ltd reported ₹603 Cr of revenue in the Mar 26 quarter, +8.3% year on year. That is the 5th straight quarter of year-on-year growth. Over 10 years it has compounded at −8.2% a year. The last full year, FY26, came in at ₹2,212 Cr. The last four reported quarters add to ₹2,212 Cr.
FY26 revenue came in at ₹2,212 Cr (+13.6% on the year), capping 10 years at −8.2% compound. The latest quarter (Mar 26) printed ₹603 Cr, +8.3% year on year — the 5th consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +13.9% growth against the decade's −8.2% — the current year is running faster than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +13.6% over the last 4 quarters against +8.3%/yr over the last 8 — accelerating; TTM profit −29.8% vs +80.6%/yr — rolling over.
→ Revenue grew — did margins hold as it scaled? Next: 12.0% this quarter (+4.0 pp YoY).
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Raymond Ltd's operating margin is 12.0% in the Mar 26 quarter, +4.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −2.0% to 15.0%. The current quarter sits inside that band.
Raymond Ltd's operating margin is 12.0% in the Mar 26 quarter, +4.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −2.0% to 15.0%. The current quarter sits inside that band.
The latest quarter's operating margin is 12.0%, +4.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged −2.0%–15.0%.
Why the margin moved: operating margin went +4.3 pp year on year while gross margin went +6.5 pp — the gain came mostly from the gross line: input costs and pricing.
→ Margins held — did that reach the bottom line? Next: profit −91.2% in the latest quarter.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Raymond Ltd earned ₹12.0 Cr of net profit in the Mar 26 quarter, −91.2% year on year. Full-year FY26 profit was ₹5,361 Cr. The 10-year compound rate is 51.2%. That is 2.0% of the quarter's revenue. The same quarter a year earlier earned ₹137 Cr.
Raymond Ltd earned ₹12.0 Cr of net profit in the Mar 26 quarter, −91.2% year on year. Full-year FY26 profit was ₹5,361 Cr. The 10-year compound rate is 51.2%. That is 2.0% of the quarter's revenue. The same quarter a year earlier earned ₹137 Cr.
Mar 26 profit was ₹12.0 Cr, −91.2% year on year. On the full year, FY26 printed ₹5,361 Cr (−29.8%), and the 10-year compound rate is 51.2%.
🚨 Why profit moved: revenue contributed +8.3% and the margin +4.0 pp — the quarter was margin-led: most of the profit growth came from keeping more of each sale.
Pace comparison, last four quarters: profit −71.4% vs revenue +13.9%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.
→ Profit rose — but did the cash follow? Next: 6% of the last 3 years' profit arrived as cash.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 6% of Raymond Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹42.0 Cr of operating cash against ₹5,361 Cr of profit. After ₹−67.0 Cr of capital spending, ₹109 Cr was left as free cash. Cash resolution here is annual, because quarterly cash statements are not published.
FY26: operating cash of ₹42.0 Cr against reported profit of ₹5,361 Cr, leaving free cash of ₹109 Cr after ₹−67.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 6% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
🚨 Why conversion sits at 6%: the cash cycle tightened 51 days between FY21 and FY26 — cash that used to wait in the cycle now reaches the bank sooner. Less than 70% of profit arriving as cash is the thing to watch on this page.
Router verdict: no single sink dominates — the next section checks both the working-capital cycle and the capital spending.
→ So follow the cash to where it goes. Next: a 155-day cycle and ₹−50.0 Cr of building.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Raymond Ltd's cash conversion cycle runs 155 days in FY26, down from 206 days in FY21. Capital spending ran ₹−50.0 Cr over the last 3 years. At FY26 sales of ₹2,212 Cr each day of that cycle holds about ₹6.1 Cr, so roughly ₹939 Cr sits inside the business at any moment.
FY26: debtors at 86 days, inventory at 237 days — roughly 7.8 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 155 days, tighter than FY21's 206.
The full loop: cash goes out to suppliers and production on day 0; stock waits 237 days to sell; customers pay about 86 days after that; and suppliers themselves are paid at 168 days — netting out to the 155-day cycle.
In money terms: at FY26 sales of ₹2,212 Cr, each day of the cycle holds about ₹6.1 Cr — so the 155-day loop keeps roughly ₹939 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹−50.0 Cr over the last 3 fiscal years against ₹357 Cr of depreciation — spending at or below maintenance level. Capital work-in-progress stands at ₹39.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: neither the cycle nor the build-out is hoarding the cash — the machine is reasonably clean.
→ Does all this activity actually earn its cost of capital? Next: ROCE is 3%.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Raymond Ltd earns a ROCE of 3% in FY26. That is up from a trough of −4% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 242.4% net margin on 0.47× asset turns.
FY26 ROCE is 3%, recovered from a FY21 trough of −4% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 242.4% net margin × 0.47× asset turns × 1.66× balance-sheet leverage ≈ 189.1% on equity. Margin is doing the heavy lifting; leverage is a meaningful part of the equation.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 379% on reported income across 13 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Returns like these — is the balance sheet borrowing to make them? Next: debt-to-equity is 0.37.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Raymond Ltd carries ₹1,055 Cr of borrowings against ₹2,844 Cr of equity in FY26, a debt-to-equity of 0.37. Operating profit covers the interest bill 3×. Over 5 years borrowings went from ₹2,413 Cr to ₹1,055 Cr. Capital spending ran ₹−50.0 Cr across the last 3 of those years.
FY26: borrowings of ₹1,055 Cr against equity of ₹2,844 Cr — a debt-to-equity of 0.37. Operating profit covers the interest bill 3×. Over 5 years borrowings went from ₹2,413 Cr to ₹1,055 Cr while capital spending ran ₹−50.0 Cr in just the last 3 — the build-out is being paid for out of cash, not debt.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 379% on reported income across 13 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
→ Who owns this, and are they adding or leaving? Next: Foreign institutions cut 7.7 points over 8 quarters.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
Foreign institutions cut 7.7 points of Raymond Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 7.9% of the company. Domestic institutions moved −5.5 points over the same window, to 3.8%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −7.7 points over 8 quarters to 7.9%; Domestic institutions: −5.5 points over 8 quarters to 3.8%; Promoters: −0.1 points over 8 quarters to 48.9%.
🚨 Why the register moved: foreign institutions drove it (−7.7 points), alongside domestic institutions (−5.5 points) — distribution into the market’s bid.
→ One last check: does the safety math agree? Next: the balance-sheet safety line.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Raymond Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | P/E | Mkt cap | Revenue | EPS | ROCE | Stage |
|---|---|---|---|---|---|---|
| Raymond Ltd this page | 0.7× | ₹3,917 Cr | Mixed | |||
| SignatureGlobal India Ltd | 301.0× | ₹10,810 Cr | No read | |||
| Ganesh Housing Ltd | 25.1× | ₹6,666 Cr | Deteriorating | |||
| Valor Estate Ltd | — | ₹6,102 Cr | No read | |||
| Puravankara Ltd | 79.4× | ₹5,060 Cr | No read | |||
| Keystone Realtors Ltd | 64.0× | ₹5,046 Cr | Turning around | |||
| Sunteck Realty Ltd | 21.1× | ₹4,497 Cr | No read | |||
| AGI Infra Ltd | 41.1× | ₹3,897 Cr | Consistent | |||
| Ashiana Housing Ltd | 33.0× | ₹3,887 Cr | Mixed | |||
| Hemisphere Properties India Ltd | — | ₹3,801 Cr | No read | |||
| Kesar India Ltd | 126.0× | ₹3,775 Cr | No read | |||
| Kolte Patil Developers Ltd | — | ₹3,470 Cr | No read | |||
| Arvind SmartSpaces Ltd | 29.0× | ₹2,792 Cr | Mixed | |||
| Hubtown Ltd | 18.7× | ₹2,771 Cr | Improving | |||
| Ajmera Realty & Infra India Ltd | 16.1× | ₹2,412 Cr | Turning around | |||
| Capacite Infraprojects Ltd | 9.5× | ₹1,800 Cr | Mixed | |||
| Omaxe Ltd | — | ₹1,603 Cr | No read | |||
| Shriram Properties Ltd | 14.4× | ₹1,451 Cr | Turning around | |||
| Laxmi Goldorna House Ltd | 86.9× | ₹1,021 Cr | — | — | — | — |
| Arihant Foundations & Housing Ltd | 17.3× | ₹1,018 Cr | Mixed | |||
| Suraj Estate Developers Ltd | 10.2× | ₹925 Cr | Topping out | |||
| Eldeco Housing & Industries Ltd | 31.5× | ₹765 Cr | Turning around | |||
| PVP Ventures Ltd | — | ₹711 Cr | No read | |||
| Geecee Ventures Ltd | 16.6× | ₹699 Cr | Mixed | |||
| Peninsula Land Ltd | — | ₹534 Cr | No read | |||
| Suratwwala Business Group Ltd | 16.8× | ₹524 Cr | Turning around |
Frequently asked questions
What is Raymond Ltd's share price today?
Raymond Ltd trades at ₹605, −15.9% over the past year. The company is valued at ₹3,917 Cr. The stock sits at 91% of its 52-week range of ₹343–₹632, +19.5% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 6 weeks in. — as of 24 July 2026.
What were Raymond Ltd's latest quarterly results?
Raymond Ltd reported revenue of ₹603 Cr and net profit of ₹12.0 Cr for the Mar 26 quarter. Revenue rose 8.3% and profit fell 91.2% year on year. Earnings per share were ₹0.17. The operating margin was 12.0%, 4.0 pp higher than a year earlier. — as of 24 July 2026.
What is Raymond Ltd's revenue?
Raymond Ltd reported revenue of ₹603 Cr in the Mar 26 quarter, +8.3% year on year. For the full FY26 fiscal year, revenue was ₹2,212 Cr (+13.6%). Over the last 10 years revenue compounded at −8.2% a year. — as of 24 July 2026.
What is Raymond Ltd's profit?
Raymond Ltd earned ₹12.0 Cr of net profit in the Mar 26 quarter, −91.2% year on year. Full-year FY26 profit was ₹5,361 Cr. The operating margin ran 12.0% in the latest quarter. — as of 24 July 2026.
What is Raymond Ltd's market cap?
Raymond Ltd's market capitalisation is ₹3,917 Cr at a share price of ₹605. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 24 July 2026.
What is Raymond Ltd's P/E ratio?
Raymond Ltd trades at a P/E of 0.7×, at the 2nd percentile of its own 10-year range, against a long-run median of 6.7×. This is a comparison with the stock's own history, not a value call — as of 24 July 2026.
Does Raymond Ltd pay a dividend?
Not in its latest year — Raymond Ltd's dividend payout was 0% of profit in FY26. It did record a payout in 9 of its last 13 reported fiscal years, so there is a history but no current dividend. This page holds the payout ratio, not a per-share amount. — as of 24 July 2026.
Is Raymond Ltd overvalued?
On its own history, Raymond Ltd looks cheap against its own history: its P/E of 0.7× has been cheaper only 2% of the time in 10 years (long-run median 6.7×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 24 July 2026.
Is Raymond Ltd growing?
Yes — Raymond Ltd is growing: latest-quarter revenue +8.3% year on year, profit −91.2%, and the margin +4.0 pp at 12.0%. The 10-year compound rates are −8.2% (revenue) and 51.2% (profit). The earnings engine currently reads: improving — as of 24 July 2026.
How is Raymond Ltd performing?
Raymond Ltd is in a confirmed uptrend, 6 weeks in. Its latest quarter's revenue rose 8.3% and profit fell 91.2% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 19 weeks. This describes what the data did, not a rating. — as of 24 July 2026.
What stage is Raymond Ltd in?
Mixed — no clean majority across the growth curves, ROCE holding at 3.0% — the per-curve reads carry the story. The read comes from the last 12 quarters of growth (revenue growth +8.3% latest, profit growth −91.2% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 24 July 2026.
Is Raymond Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 6 of stage 2), trading +19.5% versus its 200-day average and at 91% of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 24 July 2026.
Is Raymond Ltd beating the market?
On recent form, yes — Raymond Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 19 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.3 years the stock moved +612% against the NIFTY 500's +274% — ahead of the index over the full window. — as of 24 July 2026.
Will Raymond Ltd's share price go up?
This page publishes no price forecast for Raymond Ltd. What it measures instead: the share price is ₹605, the price is in a confirmed uptrend 6 weeks in. Its P/E of 0.7× sits at the 2nd percentile of its own 10-year range. — as of 24 July 2026.
Who owns Raymond Ltd?
Promoters hold 48.9% of Raymond Ltd, foreign institutions 7.9%, domestic institutions 3.8% and the public 39.4% (latest quarter). The biggest move on the register over the last two years: Foreign institutions cut 7.7 points over 8 quarters. — as of 24 July 2026.
Does Raymond Ltd have too much debt?
It is moderate — Raymond Ltd's debt-to-equity is 0.37, and operating profit covers the interest bill 3×. FY26 borrowings were ₹1,055 Cr against equity of ₹2,844 Cr. Read the returns on this page with that leverage in mind — as of 24 July 2026.
What is Raymond Ltd's capex?
Raymond Ltd spent ₹−50.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹−67.0 Cr, with ₹39.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 24 July 2026.
What is Raymond Ltd's cash flow?
Raymond Ltd generated ₹42.0 Cr of operating cash flow in FY26 and ₹109 Cr of free cash flow after ₹−67.0 Cr of capital spending. Reported profit that year was ₹5,361 Cr, so operating cash ran behind profit. Cash-flow resolution for India is annual. — as of 24 July 2026.
Is Raymond Ltd's profit real cash?
Not fully — over the last 3 fiscal years, 6% of Raymond Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹42.0 Cr against reported profit of ₹5,361 Cr. The cash then goes into a mix of the working-capital cycle and capacity. Cash-flow resolution is annual — as of 24 July 2026.
Where is Raymond Ltd in its business cycle?
Raymond Ltd's FY26 operating margin was 10.0%, against a 13-year band of −2.0%–15.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 12.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 24 July 2026.
What could break the Raymond Ltd story?
The sharpest disagreement: profits are rising, but only 6% of the last 3 years' profit arrived as operating cash — the gap between the P&L and the bank account is the thing to watch. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 24 July 2026.
Is Raymond Ltd a stock worth studying right now?
This is not investment advice. The machine read: Raymond Ltd's multiple sits at its floor because earnings outran a 6× five-year rally — compression born of growth, not neglect. The quarters are still improving, and the P/E sits at the 2nd percentile of its own 10-year range. The sharpest open question: whether the cash starts following the profit. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 24 July 2026.