Raymond Ltd
About
Though known for its presence in the textile and apparel sector, Raymond has diversified into the consumer care, realty, and engineering segments as well. It provides ready-made suiting and shirting options through brands like Park Avenue and ColorPlus. Raymond’s ‘Made to Measure’ pioneered bespoke customised apparel with luxurious service provided to consumers. Its foray into realty can be seen through projects like Ten X Habitat and The Address. Its subsidiary, JK Files & Engineering Limited, produces steel files in more than 50 countries. Raymond has also produced automotive components such as water pump bearings and ring gears via another subsidiary—Ring Plus Aqua Ltd. The company is present in over 1500 outlets in India, including tier IV and V cities, through a vast network of 20,000 points of sale. It is also available in more than 60 countries all across the globe, such as the US, Japan, and the Middle East.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 11025 24.1% | 8886 34.8% | 6591 110.1% | 3138 -55.3% | 7019 0.7% | 6974 9.8% | 6354 14.7% | 5541 2.7% | 5396 -2.8% | 5552 17.0% | 4744 12.2% | 4230 8.6% | 3896 20.2% | 3242 23.9% | 2616 -4.9% | 2749 - |
| Net Operating Income (INR Cr) | 9020 9.80% | 8215 32.96% | 6179 79.27% | 3446 -46.83% | 6482 -1.52% | 6582 11.44% | 5906 10.33% | 5353 3.41% | 5177 -3.39% | 5359 17.52% | 4560 11.40% | 4093 11.63% | 3667 20.88% | 3033 20.92% | 2509 -3.45% | 2598 7.72% |
| Profit (INR Cr) | 1638 209.6% | 529 103.2% | 260 - | -297 - | 196 16.8% | 168 24.8% | 135 427.6% | 26 -69.9% | 85 -24.8% | 113 4.8% | 108 274.6% | 29 -81.6% | 156 190.2% | 54 - | -44 - | -226 - |
| Assets (INR Cr) | 9704 71.9% | 5646 14.1% | 4950 3.9% | 4762 -15.2% | 5617 23.1% | 4563 5.3% | 4335 10.1% | 3937 2.2% | 3851 5.7% | 3644 2.5% | 3556 9.2% | 3256 -1.5% | 3306 12.8% | 2933 2.0% | 2875 -5.6% | 3046 - |
| Net Worth (INR Cr) | 4617 59.3% | 2899 22.9% | 2359 12.5% | 2097 -11.7% | 2376 21.6% | 1954 7.8% | 1812 8.3% | 1673 0.1% | 1672 8.5% | 1541 5.1% | 1466 6.4% | 1378 1.3% | 1360 11.4% | 1220 3.8% | 1176 -3.4% | 1217 -15.2% |
| Employee Cost (INR Cr) | 1193 16.0% | 1028 16.9% | 880 30.6% | 674 -32.4% | 996 6.6% | 935 11.9% | 835 10.9% | 754 8.9% | 692 3.9% | 666 17.8% | 566 -1.5% | 574 20.9% | 475 -30.9% | 688 60.2% | 430 -4.7% | 451 - |
| Interest Cost (INR Cr) | 376 | 257 | 228 | 276 | 303 | 233 | 184 | 178 | 190 | 200 | 197 | 191 | 165 | 124 | 129 | 133 |
| Cash & Bank Balance (INR Cr) | 526 | 326 | 336 | 552 | 328 | 126 | 87 | 70 | 90 | 129 | 81 | 38 | 34 | 32 | 71 | 84 |
| Total Debt (INR Cr) | 4181 | 2529 | 2353 | 2413 | 2556 | 2468 | 2353 | 2140 | 2063 | 1881 | 1901 | 1753 | 1747 | 1609 | 1692 | 1823 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 14.9% | 6.0% | 4.0% | - | 2.8% | 2.4% | 2.1% | 0.5% | 1.6% | 2.0% | 2.3% | 0.7% | 4.0% | 1.7% | - | - |
| Profit As % Of Assets | 16.9% | 9.4% | 5.3% | - | 3.5% | 3.7% | 3.1% | 0.7% | 2.2% | 3.1% | 3.0% | 0.9% | 4.7% | 1.8% | - | - |
| Profit As % Of Networth | 35.5% | 18.3% | 11.0% | - | 8.3% | 8.6% | 7.4% | 1.5% | 5.1% | 7.3% | 7.3% | 2.1% | 11.5% | 4.4% | - | - |
| Interest Cost to EBITDA % | 29.7% | 23.9% | 42.1% | - | 58.7% | 41.2% | 43.5% | 60.4% | 53.9% | 47.3% | 44.3% | 58.7% | 36.4% | 69.8% | 133.9% | - |
| Debt to Equity Ratio | 0.91 | 0.87 | 1.00 | 1.15 | 1.08 | 1.26 | 1.30 | 1.28 | 1.23 | 1.22 | 1.30 | 1.27 | 1.28 | 1.32 | 1.44 | 1.50 |
| RONW | 43.7% | 23.2% | 16.5% | - | 8.0% | 9.3% | 8.1% | 2.1% | 6.5% | 7.1% | 6.0% | 0.9% | 11.0% | 18.1% | - | - |
| ROCE | 30.2% | 21.1% | 12.7% | -3.7% | 8.5% | 11.3% | 9.7% | 6.3% | 9.6% | 9.8% | 9.1% | 6.9% | 11.9% | 10.5% | 0.0% | 0.0% |