# Raymond share price today (Raymond Ltd, NSE: RAYMOND)

> Raymond share price today: ₹1,172.30 at the NSE close on 3 November 2026, up 104.2% in a year. Raymond (NSE: RAYMOND) is worth ₹7,805 crore, trades at a P/E of 147.1 and has closed between ₹342.55 and ₹1,197.20 over the past 52 weeks. > Raymond Ltd's share price has risen faster than its earnings: +104.2% in a year, against −30.0% for earnings per share. RAYMOND · Realty - Construction & Contracting · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/raymond-ltd

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## Key numbers

- Business trend: Getting worse, from fewer quarters than usual
- Price: ₹1,172.30 (+104.2% in a year)
- P/E: 147.1× (higher than 100% of the last 11 years)
- Revenue (Sep 2026): ₹655 Cr (+24.1% on a year ago)
- Profit (Sep 2026): ₹32.0 Cr (+128.6% on a year ago)
- Operating margin: 11.0% (+3.0 points on a year ago)
- ROCE: 3%, FY26
- Profit that came in as cash: 6%, last 3 years

The main question: profits are rising, but only 6% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Raymond share price today? Raymond Ltd's share price was ₹1,172.30 at the close on 3 November 2026. It has been rising for 21 weeks. That is 64.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹343 and ₹1,197, and at that close it sat 97% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 36 weeks in a row. Over the last 11 years the share price moved +1,280% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Raymond this quarter? Three changes stood out: profit grew again in the September 2026 quarter, foreign funds (FIIs) cut their stake for 6 quarters in a row and revenue up on a year earlier for 7 quarters in a row. 1. Profit grew again in the September 2026 quarter Profit was ₹32 crore, +128.6% on a year earlier (₹14 crore), after 8 quarters of decline. Why: Profit rose because aerospace shipped more parts and precision sales grew with better margins. Next results: check if higher sales lift margins, since fast growth brings heavier spending that can hold them back. From the earnings call on 28 Oct 2026. 2. Foreign funds (FIIs) cut their stake for 6 quarters in a row From 15.6% to 7.2% of the company by the September 2026 quarter. 3. Revenue up on a year earlier for 7 quarters in a row In the September 2026 quarter revenue was ₹655 crore, +24.1% on a year earlier. Why: Revenue rose because aerospace shipped more parts and precision sales grew. Next results: check whether the interim brownfield plant starts production this fiscal year, which management says supports near-term sales. From the earnings call on 28 Oct 2026. ## What are Raymond's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Raymond reported revenue of ₹655 crore, up 24.1% from ₹528 crore a year earlier, and a profit of ₹32.0 crore, up 128.6% from ₹14.0 crore. ### Raymond results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹655 crore | ₹528 crore | +24.1% |
| Profit | ₹32.0 crore | ₹14.0 crore | +128.6% |
| Earnings per share | ₹3.36 | ₹1.71 | +96.5% |
| Operating margin | 11.0% | 8.0% | +3.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Raymond's management discussed these results on a call held on 28 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Raymond share price history? Raymond closed at ₹1,172.30 on 3 November 2026, up 104.2% from ₹574.05 a year earlier (31 October 2025) and up 980.1% over five years. Its highest weekly close since March 2016 was ₹1,197.20 on 1 October 2026. ### Raymond share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,063.40 | +10.2% |
| 1 month ago · 1 Oct 2026 | ₹1,197.20 | −2.1% |
| 6 months ago · 30 Apr 2026 | ₹465.80 | +151.7% |
| 1 year ago · 31 Oct 2025 | ₹574.05 | +104.2% |
| 3 years ago · 3 Nov 2023 | ₹401.74 | +191.8% |
| 5 years ago · 4 Nov 2021 | ₹108.54 | +980.1% |
| 10 years ago · 4 Nov 2016 | ₹131.87 | +789.0% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹84.97 | +1,279.7% |
| Highest weekly close since March 2016, also the 52-week high · 1 Oct 2026 | ₹1,197.20 | −2.1% |
| Lowest weekly close since March 2016 · 3 Apr 2020 | ₹47.07 | +2,390.5% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹342.55 | +242.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Raymond? 3 Nov 2026: Raymond closed at ₹1,172.30, up 10.2% on the week and down 2.1% on the month. 28 Oct 2026: Raymond held its results call for July to September 2026. Management guided: Aerospace growth commitment in high mid-20s despite strong first half pace. ### Earlier

- Results for July to September 2026: Revenue up 24.1% and profit up 128.6% on a year earlier. ## What dividend does Raymond pay? Raymond paid no dividend in the 12 months to 4 November 2026. The last was a dividend of ₹10 a share, ex-date 13 June 2024. ### Raymond dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 13 Jun 2024 | ₹10 | Dividend |
| 23 Jun 2023 | ₹3 | Dividend |
| 30 Jun 2022 | ₹3 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

Not in its latest year. Raymond Ltd paid out 0% of its profit as dividends in FY26. It did pay a dividend in 9 of its last 13 reported years, so there is a history but no current dividend. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Raymond management say on the latest results call? On the call for July to September 2026, held on 28 October 2026, Raymond's management guided: Aerospace growth commitment in high mid-20s despite strong first half pace. > “However, our commitment to the market will be in the high mid-20s. We are not going to commit to you that we will achieve 40%.”
> Gautam Maini, on the call for July to September 2026

### What management guided

- Bangalore aerospace ceiling ₹700 crore to ₹750 crore after debottlenecking versus ₹600 crore to ₹650 crore indicated earlier. - Andhra mega greenfield output from October to December 2027 clarified as December 2027 on schedule. - Interim brownfield to start production in current fiscal year supporting near-term volumes. - Nozzle guide vane yearly capacity 8,000 to 16,000 units with 45-day run-in and revenue from Q4. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/247-28-Oct-2026.pdf). (From the call for July to September 2026, 28 October 2026.)

## What to watch in Raymond's next results? When Raymond reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Interim brownfield conversion from trial runs to serial volumes at flagged timing, showing training-ground effectiveness. - What to check (from the call)
- Interim brownfield conversion from trial runs to serial volumes at flagged timing, showing training-ground effectiveness. - Greenfield plant-approval compression via existing-part transfers across lead customers ahead of flagged start. - Nozzle guide vane ramp settling with revenue flow at flagged pace, confirming dedicated facility contribution. - Aftermarket catalogue absorption and margin uplift after launch, confirming better-than-OE thesis at flagged scale. ## Which stock lists is Raymond on? Raymond is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 7489.092892201417](https://www.sectoralpha.in/momentum-stocks-india)

## Is Raymond profitable? Raymond Ltd earned ₹32.0 Cr of net profit in the Sep 2026 quarter, +128.6% on the same quarter a year earlier. Full-year FY26 profit was ₹5,361 Cr. Over 10 years profit has grown 51.2% a year on average. That is 4.9% of the quarter's revenue. The same quarter a year earlier earned ₹14.0 Cr. For the full year, FY26 profit was ₹5,361 Cr (−29.8% on the year before). Why profit moved: revenue changed +24.1% on a year earlier and the margin moved +3.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed −38.1% and revenue +16.9%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Raymond make, and is it growing? Raymond Ltd reported ₹655 Cr of revenue in the Sep 2026 quarter, +24.1% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 10 years it has grown −8.2% a year on average. The last full year, FY26, came in at ₹2,212 Cr. The last four reported quarters add to ₹2,421 Cr. FY26 revenue was ₹2,212 Cr, +13.6% on the year before. Recent pace: the last four quarters grew +16.9% on average, against −8.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +16.7%, against +13.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −98.5%, against −89.8% a year (rolling over). ## How much of every ₹100 of sales does Raymond keep? Raymond Ltd's operating margin was 11.0% in the Sep 2026 quarter, 3.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between −1.7% and 15.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +3.3 percentage points on the year while gross margin changed −0.3 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is Raymond's profit turning into cash? Over the last 3 years, 6% of Raymond Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹42.0 Cr of operating cash against ₹5,361 Cr of profit. After −₹67.0 Cr of spending on assets, ₹109 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: it has been selling more assets than it buys. The next section shows those figures. ## Where does Raymond's cash go? Raymond Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹2,212 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. Over the last 3 years it sold more assets than it bought, by ₹50.0 Cr. Over the last 3 years, money from selling assets was ₹50.0 Cr more than it spent on new ones. Work still in progress is ₹39.0 Cr (FY26). In short: assets are being sold, not built, so this cash is not going into new capacity. ## What is Raymond's P/E ratio, and how does it compare with its own history? Raymond Ltd's P/E is 147.1×, about the highest it has ever been. Its usual P/E (the middle reading) is 6.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹7.22. Why the multiple is where it is: over the past year earnings per share moved −30.0% while the price moved +104.2%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +60.9% a year; about +22.5% a year came from earnings growth and about +38.4 percentage points from the multiple (the market paying more); over 10 years the price moved +24.4% a year; about −7.9% a year came from earnings growth and about +32.3 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 379% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Raymond business getting better or worse? Raymond Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −98.5% in the latest quarter, against +415.7% at its best in 12 quarters, with ROCE steady at 3.0%. This is based on 9 quarters of 4 measures, with some gaps. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Raymond earn on its capital? Raymond Ltd earned a ROCE of 3% in FY26. That is up from a low of −4% in FY21. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 242.4% net margin and 0.47× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 242.4% net margin × 0.47× asset turnover × 1.66× leverage (assets divided by equity) ≈ 189.1% on equity. The margin does most of the work; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 379% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Raymond have too much debt? Raymond Ltd had ₹1,055 Cr of borrowings against ₹2,844 Cr of equity in FY26, so its debt is 0.37× its equity. Its operating profit is 3 times its interest bill. Over 5 years borrowings went from ₹2,413 Cr to ₹1,055 Cr. Over the last 3 of those years it sold more assets than it bought, by ₹50.0 Cr. The spending on assets is being paid for from cash, not new debt. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 379% on reported income across 14 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Raymond shareholding pattern? Foreign institutions cut their stake in Raymond Ltd by 8.5 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 7.2% of the company. Domestic institutions moved −1.2 points over the same period, to 6.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −8.5 points over 8 quarters, to 7.2%; Domestic institutions: −1.2 points over 8 quarters, to 6.1%; Promoters: +0.0 points over 8 quarters, to 48.9%. Why the owners changed: foreign institutions drove it (−8.5 points), together with domestic institutions (−1.2 points). They reduced their stake. ## How far is Raymond from balance-sheet trouble? For Raymond Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Raymond rank in its industry? 56.8 out of 100, rank 7 of 26 in Realty - Construction & Contracting, with 75% of the evidence available. Raymond Ltd scores 56.8 out of 100 against the 26 companies it is compared with in Realty - Construction & Contracting, ranking 7. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 18.9 + 9.1 + 8.8 + 20 = 56.8. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Raymond compared with? Raymond ranks 7 of 26 Realty - Construction & Contracting companies on the 4-Factor Sector Score, with 56.8 out of 100. 1. [Suratwwala Business Group Ltd](https://www.sectoralpha.in/stocks/suratwwala-business-group-ltd) SBGLP · Most evidence points up · 76% evidence 72.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 32.2/43.75 · Revenue 100% · Profit 100% · Operating margin change -11.9 points · 88% evidence Capital efficiency 22.8/31.25 · ROCE 30.8% · Operating margin 31.9% · 100% evidence Valuation 17.7/25 · P/E 9.7× · PEG 1.22 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 32.2 + 22.8 + 17.7 = 72.7 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 2. [Ashiana Housing Ltd](https://www.sectoralpha.in/stocks/ashiana-housing-ltd) ASHIANA · quiet · Evidence leans up · 86% evidence 62.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.5/35 · Revenue 37% · Profit 100% · Operating margin change 3 points · 88% evidence Capital efficiency 13.1/25 · ROCE 14% · Operating margin 7% · 100% evidence Valuation 10.1/20 · P/E 28.6× · PEG n/a · 50% evidence Relative strength 11.9/20 · Lead over its industry 2.8% · Lead over NIFTY 500 4.7% · 1 year 19.4% · 100% evidence · 1 of 12 weeks ahead Exact sum: 27.5 + 13.1 + 10.1 + 11.9 = 62.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Arihant Foundations & Housing Ltd](https://www.sectoralpha.in/stocks/arihant-foundations-housing-ltd) ARIHANT · quiet · Evidence leans up · 81% evidence 62.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.9/35 · Revenue 88.8% · Profit 38.8% · Operating margin change 1 points · 88% evidence Capital efficiency 16.7/25 · ROCE 16.4% · Operating margin 27% · 100% evidence Valuation 15.6/20 · P/E 13× · PEG 0.24 · 100% evidence Relative strength 8.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -11.1% · 1 year -22% · 25% evidence · 9 of 12 weeks ahead Exact sum: 20.9 + 16.7 + 15.6 + 8.8 = 62 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [PVP Ventures Ltd](https://www.sectoralpha.in/stocks/pvp-ventures-ltd) PVP · leader · Evidence leans up · 64% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.1/35 · Revenue 100% · Profit 100% · Operating margin change 0 points · 62% evidence Capital efficiency 9.0/25 · ROCE 6.4% · Operating margin 29% · 76% evidence Valuation 9.0/20 · P/E 75.8× · PEG n/a · 15% evidence Relative strength 19.2/20 · Lead over its industry 28.5% · Lead over NIFTY 500 30.2% · 1 year 29.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 22.1 + 9 + 9 + 19.2 = 59.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Ajmera Realty & Infra India Ltd](https://www.sectoralpha.in/stocks/ajmera-realty-infra-india-ltd) AJMERA · turning · Evidence leans up · 78% evidence 58.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.3/35 · Revenue 43.3% · Profit 23.5% · Operating margin change -1 points · 83% evidence Capital efficiency 16.6/25 · ROCE 14.3% · Operating margin 29% · 76% evidence Valuation 9.1/20 · P/E 16.9× · PEG n/a · 50% evidence Relative strength 11.7/20 · Lead over its industry -2.3% · Lead over NIFTY 500 -0.5% · 1 year -38.3% · 100% evidence · 2 of 12 weeks ahead Exact sum: 21.3 + 16.6 + 9.1 + 11.7 = 58.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Arvind SmartSpaces Ltd](https://www.sectoralpha.in/stocks/arvind-smartspaces-ltd) ARVSMART · breaking out · Evidence leans up · 78% evidence 57.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue 5.3% · Profit 48% · Operating margin change 28 points · 83% evidence Capital efficiency 16.1/25 · ROCE 12.4% · Operating margin 49% · 76% evidence Valuation 11.6/20 · P/E 14× · PEG n/a · 50% evidence Relative strength 9.9/20 · Lead over its industry -1.7% · Lead over NIFTY 500 0.2% · 1 year -11.6% · 100% evidence · 5 of 12 weeks ahead Exact sum: 19.6 + 16.1 + 11.6 + 9.9 = 57.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. Raymond Ltd this page RAYMOND · leader · Evidence leans up · 75% evidence 56.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.9/35 · Revenue 16.7% · Profit -80% · Operating margin change 3 points · 95% evidence Capital efficiency 9.1/25 · ROCE 3.1% · Operating margin 11% · 76% evidence Valuation 8.8/20 · P/E 138× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 94.5% · Lead over NIFTY 500 96.4% · 1 year 91.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 18.9 + 9.1 + 8.8 + 20 = 56.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Eldeco Housing & Industries Ltd](https://www.sectoralpha.in/stocks/eldeco-housing-industries-ltd) ELDEHSG · turning · Evidence leans up · 81% evidence 56.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.3/35 · Revenue 38.1% · Profit 100% · Operating margin change 25 points · 88% evidence Capital efficiency 14.0/25 · ROCE 7.7% · Operating margin 36% · 100% evidence Valuation 3.5/20 · P/E 21.2× · PEG 2.59 · 100% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.1% · 1 year -11% · 25% evidence · 1 of 12 weeks ahead Exact sum: 29.3 + 14 + 3.5 + 9.8 = 56.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Capacite Infraprojects Ltd](https://www.sectoralpha.in/stocks/capacite-infraprojects-ltd) CAPACITE · quiet · Evidence leans up · 81% evidence 55.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.3/35 · Revenue 12.4% · Profit -5.6% · Operating margin change -1 points · 88% evidence Capital efficiency 15.9/25 · ROCE 15.5% · Operating margin 16% · 100% evidence Valuation 17.4/20 · P/E 6.7× · PEG 0.59 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -32.9% · 1 year -49.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 14.3 + 15.9 + 17.4 + 7.5 = 55.1 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 10. [Kolte Patil Developers Ltd](https://www.sectoralpha.in/stocks/kolte-patil-developers-ltd) KOLTEPATIL · leader · Evidence leans up · 66% evidence 52.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue 7.8% · Profit 47.1% · Operating margin change 53 points · 65% evidence Capital efficiency 7.5/25 · ROCE -0.3% · Operating margin 21% · 100% evidence Valuation 11.5/20 · P/E 31.6× · PEG 0.74 · 65% evidence Relative strength 12.2/20 · Lead over its industry n/a · Lead over NIFTY 500 19.9% · 1 year 3.9% · 25% evidence · 12 of 12 weeks ahead Exact sum: 21.4 + 7.5 + 11.5 + 12.2 = 52.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Geecee Ventures Ltd](https://www.sectoralpha.in/stocks/geecee-ventures-ltd) GEECEE · leader · Evidence leans up · 96% evidence 52.0 out of 100 Growth Capital Valuation Relative
12. [Sunteck Realty Ltd](https://www.sectoralpha.in/stocks/sunteck-realty-ltd) SUNTECK · turning · Evidence leans up · 93% evidence 50.7 out of 100 Growth Capital Valuation Relative
13. [Keystone Realtors Ltd](https://www.sectoralpha.in/stocks/keystone-realtors-ltd) RUSTOMJEE · basing · Evidence leans down · 63% evidence 48.3 out of 100 Growth Capital Valuation Relative
14. [Suraj Estate Developers Ltd](https://www.sectoralpha.in/stocks/suraj-estate-developers-ltd) SURAJEST · quiet · Evidence leans down · 100% evidence 47.6 out of 100 Growth Capital Valuation Relative
15. [AGI Infra Ltd](https://www.sectoralpha.in/stocks/agi-infra-ltd) AGIIL · quiet · Evidence leans down · 96% evidence 47.5 out of 100 Growth Capital Valuation Relative
16. [Kesar India Ltd](https://www.sectoralpha.in/stocks/kesar-india-ltd) quiet · Evidence leans down · 76% evidence 45.8 out of 100 Growth Capital Valuation Relative
17. [Laxmi Goldorna House Ltd](https://www.sectoralpha.in/stocks/laxmi-goldorna-house-ltd) LGHL · breaking out · Evidence leans down · 71% evidence 45.6 out of 100 Growth Capital Valuation Relative
18. [Ganesh Housing Ltd](https://www.sectoralpha.in/stocks/ganesh-housing-ltd) GANESHHOU · basing · Evidence leans down · 100% evidence 42.9 out of 100 Growth Capital Valuation Relative
19. [Shriram Properties Ltd](https://www.sectoralpha.in/stocks/shriram-properties-ltd) SHRIRAMPPS · basing · Evidence leans down · 96% evidence 42.4 out of 100 Growth Capital Valuation Relative
20. [Omaxe Ltd](https://www.sectoralpha.in/stocks/omaxe-ltd) OMAXE · breaking out · Too little evidence to rank firmly · 56% evidence 41.7 out of 100 Growth Capital Valuation Relative
21. [Hubtown Ltd](https://www.sectoralpha.in/stocks/hubtown-ltd) HUBTOWN · turning · Evidence leans down · 68% evidence 40.3 out of 100 Growth Capital Valuation Relative
22. [Valor Estate Ltd](https://www.sectoralpha.in/stocks/valor-estate-ltd) DBREALTY · quiet · Evidence leans down · 79% evidence 40.2 out of 100 Growth Capital Valuation Relative
23. [SignatureGlobal India Ltd](https://www.sectoralpha.in/stocks/signatureglobal-india-ltd) SIGNATURE · quiet · Evidence leans down · 79% evidence 38.6 out of 100 Growth Capital Valuation Relative
24. [Puravankara Ltd](https://www.sectoralpha.in/stocks/puravankara-ltd) PURVA · quiet · Too little evidence to rank firmly · 49% evidence 54.4 out of 100 Growth Capital Valuation Relative
25. [Hemisphere Properties India Ltd](https://www.sectoralpha.in/stocks/hemisphere-properties-india-ltd) HEMIPROP · basing · Too little evidence to rank firmly · 49% evidence 30.7 out of 100 Growth Capital Valuation Relative
26. [Peninsula Land Ltd](https://www.sectoralpha.in/stocks/peninsula-land-ltd) PENINLAND · Too little evidence to rank firmly · 48% evidence 26.9 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Realty - Construction & Contracting](https://www.sectoralpha.in/sectors/realty-construction-contracting), all 26 compared on one page. ## Which companies are close to Raymond in size? Raymond is the 2nd largest of 26 Realty - Construction & Contracting companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: SignatureGlobal India. Just below it: Ganesh Housing, Puravankara, Valor Estate, Keystone Realtors and Sunteck Realty. ### Realty - Construction & Contracting companies close in size

1. [SignatureGlobal India Ltd](https://www.sectoralpha.in/stocks/signatureglobal-india-ltd) ₹9,883 crore
2. Raymond Ltd ₹7,324 crore
3. [Ganesh Housing Ltd](https://www.sectoralpha.in/stocks/ganesh-housing-ltd) ₹5,568 crore
4. [Puravankara Ltd](https://www.sectoralpha.in/stocks/puravankara-ltd) ₹4,549 crore
5. [Valor Estate Ltd](https://www.sectoralpha.in/stocks/valor-estate-ltd) ₹4,331 crore
6. [Keystone Realtors Ltd](https://www.sectoralpha.in/stocks/keystone-realtors-ltd) ₹4,270 crore
7. [Sunteck Realty Ltd](https://www.sectoralpha.in/stocks/sunteck-realty-ltd) ₹4,115 crore

[All 26 Realty - Construction & Contracting companies, largest first](https://www.sectoralpha.in/sectors/realty-construction-contracting#all-companies)

### Companies close in size in other industries

1. [Cello World Ltd](https://www.sectoralpha.in/stocks/cello-world-ltd) ₹7,391 crore · Opalware
2. [Sanofi India Ltd](https://www.sectoralpha.in/stocks/sanofi-india-ltd) ₹7,379 crore · Pharma - MNC bulk Drugs
3. Raymond Ltd ₹7,324 crore
4. [Religare Enterprises Ltd](https://www.sectoralpha.in/stocks/religare-enterprises-ltd) ₹7,321 crore · Finance - Insurance
5. [Suven Life Sciences Ltd](https://www.sectoralpha.in/stocks/suven-life-sciences-ltd) ₹7,314 crore · Pharma - Formulators

## What else do people ask about Raymond? ### What is Raymond's share price today? Raymond Ltd's share price is ₹1,172.30, +104.2% over the past year. The whole company is worth ₹7,805 Cr on the market. In the last 52 weeks it traded between ₹343 to ₹1,197; today it is 97% of the way up from the low, 64.1% above its 200-day average (as of 3 November 2026). ### What were Raymond's latest quarterly results? Raymond Ltd reported revenue of ₹655 Cr and net profit of ₹32.0 Cr for the Sep 2026 quarter. Revenue rose 24.1% and profit rose 128.6% compared with a year earlier. Earnings per share were ₹3.36. The operating margin was 11.0%, 3.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Raymond's market cap? Raymond Ltd's market capitalisation is ₹7,805 Cr at a share price of ₹1,172.30. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Raymond performing? Raymond Ltd's share price has been rising for 21 weeks. In its latest quarter, revenue rose 24.1% and profit rose 128.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 36 weeks running (as of 3 November 2026). ### Will Raymond's share price go up? This page does not forecast Raymond Ltd's share price. What it shows instead: the share price is ₹1,172.30, and it has been rising for 21 weeks. Its P/E of 147.1× is higher than 100% of its own last 11 years (as of 3 November 2026). ### Who owns Raymond? Promoters own 48.9% of Raymond Ltd, foreign institutions 7.2%, domestic institutions 6.1% and the public 37.8% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 8.5 percentage points over 8 quarters (as of 3 November 2026). ### What is Raymond's capex? Raymond Ltd sold more long-term assets (plants, machines and the like) than it bought over the last 3 years, by ₹50.0 Cr, worked out from the change in fixed assets plus depreciation. Depreciation over the same years was ₹357 Cr (as of 3 November 2026). ### Where is Raymond in its business cycle? Raymond Ltd's FY26 operating margin was 10.0%, against a 13-year range of −1.7% to 15.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 11.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Raymond story? The main question: profits are rising, but only 6% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Raymond a stock worth studying right now? What the numbers show: Raymond Ltd's share price has risen faster than its earnings: +104.2% in a year, against −30.0% for earnings per share. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Raymond share price forecast for 2026? What management itself guided: Aerospace growth commitment in high mid-20s despite strong first half pace. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india

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