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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Raymond Limited is an India-based company, which is engaged in the engineering business. The Company's segments include Tools and hardware, Auto components, Precision, and Others: Job processing and non-scheduled airline operations. Its engineering business is engaged in the…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, fast-growing business, fairly priced — but flagged on governance.
Raymond is scored on the general / industrial framework. Cash conversion lags the reported profit (CFO/PAT 0.01×) — worth a closer look. Free cash flow is worth about -1.9% of its market value.
Over the last 3 years revenue compounded at -35%/yr and profit at 115%/yr. Book value has been broadly flat (1.5%/yr). Return on equity is a weak 2.3%. In the latest quarter profit grew 159% versus the prior quarter.
At 1× earnings, the stock sits at the 41st percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~29%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: Only ₹0.11 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 88.11 | 144.52 | better |
| P/B | 2.29 | 4.23 | better |
| EV/EBITDA | 24.19 | 107.9 | better |
| ROE | 2.25 | 2.33 | worse |
| ROCE | 5.12 | 2.38 | better |
| ROA | 1.59 | — | — |
| Quick Ratio | 1.28 | 5.94 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Interglobe Aviation | -51.4 | 42.3 | -50.0% |
| Flysbs Aviation | 10.3 | 3.1 | 19.4% |
| Global Vectra Helicorp | -5.1 | -22.9 | 398.5% |
Negative CAGR — the top line has shrunk over this window. Growth is decelerating — latest year grew slower than the year before.
Profit is on a 2-year growth streak. Profit is growing faster than revenue (115% vs -35%) — margin expansion is at work.
Operating margin has compressed from 9% to -5% — costs or competition are eating into profitability. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 2% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 16pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. 116% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 0.0× PAT — reported profit isn't translating into cash, raising earnings quality questions. Investing outflows exceed operating cash — the company relies on external funding to finance expansion.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue broadly flat QoQ — stable but not accelerating. Run-rate stepping up — recent quarters average 8% above earlier ones.
Profit jumped 159% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (2% → 5%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 48.9% — dispersed ownership; institutional flows drive the stock. FIIs trimmed 3.8pp — foreign money is rotating out.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.