Raymond Realty Limited
NSE: RAYMONDRELResidential, Commercial Projects
Share price
₹679.90
-3.12% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
66
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹4,555 Cr
P/E ratio
15.1
P/B ratio
2.9
ROCE
29.6%
ROE
36.3%
Dividend yield
0.3%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Our sales figures for this company step up at Jun 2025 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.
Whether it grew faster than its sector
Our sales figures for this company step up at Jun 2025 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
It has no steady three-year profit record yet, so growth cannot be weighed against the price.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Raymond Realty Limited — this one | — | 15.1× | — |
| DLF Limited | 27%/yr | 36.6× | ₹1.4 |
| Lodha Developers Limited | 56%/yr | 25.8× | ₹0.46 |
| The Phoenix Mills Limited | 12%/yr | 49.2× | ₹4.1 |
| Prestige Estates Projects | 18%/yr | 53.4× | ₹3.0 |
| Oberoi Realty | 9%/yr | 22.9× | ₹2.5 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Residential, Commercial Projects), it ranks 4 of 86 on returns, 44 of 86 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A wide advantage: it earns 29.6% on capital, ahead of 95% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the 3 years of cash statements on file the business itself consumed ₹1373 crore of cash before any plant spend, funded from lenders and shareholders.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
7 of 8 checks clear · 88%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Bookings more than doubled, but interest costs pushed profit down 16%
Announced 7 Aug 2026 · Consolidated · Unaudited
Revenue
₹527 Cr
Revenue vs last year
+38.4%
Revenue vs last quarter
-54.5%
Net profit
₹13 Cr
Profit vs last year
-16.1%
Profit vs last quarter
-91.7%
Net margin
2.5%
EPS
₹2.02
Earnings call transcript · 10 Aug 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹4,555 Cr
- Prev close
- ₹679.90
- 52w High
- ₹742
- 52w Low
- ₹349
- Enterprise value
- ₹5,213 Cr
- Beta
- 1.7
- Price CAGR 1y
- 17.0%
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 4.3%
- PEG ratio
- —
- P/E ratio
- 15.1
- P/B ratio
- 2.9
- EV / EBITDA
- 10.9
- Industry P/E
- 23.4
- ROCE
- 29.6%
- ROCE 5y average
- 23.0%
- ROE
- 36.3%
- Debt / Equity
- 0.6
- Interest coverage
- 4.8
- Dividend yield
- 0.3%
- ROE 3y average
- —
- ROE last year
- 36.0%
Annual P&L
- Annual revenue
- ₹2,991 Cr
- Annual profit
- ₹305 Cr
- Operating margin
- 15.0%
- Net profit margin
- 10.2%
- EBITDA margin
- 14.9%
- Sales growth 3y
- —
- Sales growth 5y
- —
- Profit growth 3y
- —
- Profit growth 5y
- —
- EPS
- ₹45.8
- Sales growth TTM
- 284.0%
- Profit growth TTM
- 1024.0%
- Dividend payout
- 4.0%
Quarter P&L
- Sales latest quarter
- ₹527 Cr
- Profit latest quarter
- ₹13 Cr
- YoY quarterly sales growth
- 38.4%
- YoY quarterly profit growth
- -18.8%
- OPM latest quarter
- 11.6%
Balance Sheet
- Book Value
- ₹234
- Face Value
- ₹10.0
- Total debt
- ₹1,014 Cr
- Total cash
- ₹355 Cr
- Borrowings
- ₹1,014 Cr
- Reserves / Equity
- 22.4
Cash Flow
- Operating cash flow
- -₹910 Cr
- Free cash flow
- -₹990 Cr
- FCF yield
- -23.9%
- Net cash flow
- -₹166 Cr
Shareholding
- Promoter holding
- 50.9%
- FII holding
- 5.8%
- DII holding
- 2.9%
- Public holding
- 40.3%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| DLF | 641.05 | 36.9 | 1,58,680 | 1.23 | 793.9 | 4.1 | 1,280.3 | -52.9 | 6.3 |
| Lodha Developers | 1,078.90 | 26.1 | 1,07,824 | 0.39 | 1,373.1 | 103.4 | 4,996.7 | 43.1 | 16.4 |
| Phoenix Mills | 1,795.50 | 49.6 | 64,221 | 0.14 | 394.5 | 23.3 | 1,074.9 | 12.8 | 12.4 |
| Oberoi Realty | 1,697.15 | 23.3 | 61,709 | 0.47 | 543.5 | 29.0 | 1,300.9 | 31.7 | 17.3 |
| Prestige Estates | 1,404.95 | 53.1 | 60,515 | 0.14 | 271.4 | -19.4 | 2,675.1 | 15.9 | 10.4 |
| Godrej Propert. | 1,540.70 | 28.7 | 46,410 | 0.64 | 349.4 | -41.7 | 506.2 | 16.5 | 7.6 |
| Anant Raj | 596.55 | 37.0 | 21,469 | 0.16 | 149.2 | 18.9 | 631.4 | 6.6 | 12.1 |
| Raymond Realty | 678.65 | 15.0 | 4,518 | 0.28 | 13.4 | -18.6 | 526.7 | 38.4 | 29.6 |
| Median | 134.95 | 23.5 | 871 | 0.00 | 8.4 | 26.5 | 85.0 | 11.0 | 7.6 |
Competes with: Anant Raj Limited, Brigade Enterprises Limited, DLF Limited, Godrej Properties, Lodha Developers Limited, Oberoi Realty, Prestige Estates Projects, The Phoenix Mills Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 130 | 226 | 92 | 117 | 381 | 696 | 758 | 1,157 | 527 |
| Expenses | 112 | 211 | 78 | 103 | 351 | 605 | 666 | 922 | 466 |
| Material Cost | 255 | 1,374 | 1,180 | 2,056 | 414 | ||||
| Change in Inventories | 6.13 | -870 | -610 | -1,248 | -48 | ||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | ||||
| Employee Cost | 29 | 34 | 38 | 37 | 40 | ||||
| Other Expenses | 60 | 67 | 58 | 78 | 60 | ||||
| Operating Profit | 18 | 15 | 14 | 14 | 30 | 91 | 91 | 234 | 61 |
| OPM % | 14 | 6.68 | 15 | 12 | 7.84 | 13 | 12 | 20 | 12 |
| Other Income | 0 | 1 | 1 | 0 | 11 | 10 | 8 | 19 | 9 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | ||||
| Interest | 10 | 11 | 12 | 13 | 15 | 26 | 17 | 40 | 47 |
| Depreciation | 0 | 0 | 0 | 0 | 5 | 5 | 5 | 7 | 8 |
| Profit before tax | 7 | 4 | 2 | 2 | 21 | 70 | 77 | 206 | 15 |
| Tax % | -6 | -13 | -25 | -42 | 23 | 14 | 13 | 22 | 11 |
| Net Profit | 7 | 5 | 3 | 2 | 16 | 60 | 67 | 161 | 13 |
| EPS in Rs | 2.48 | 9.04 | 10 | 24 | 2.02 | ||||
| Diluted EPS in Rs | 2.48 | 0 | 10 | 24 | 2.02 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|
| Sales | 3 | 565 | 2,991 | 3,137 |
| Expenses | 22 | 504 | 2,544 | 2,659 |
| Material Cost | 4,865 | |||
| Change in Inventories | -2,723 | |||
| Purchases of Stock-in-Trade | 0 | |||
| Employee Cost | 138 | |||
| Other Expenses | 263 | |||
| Operating Profit | -19 | 61 | 447 | 478 |
| OPM % | -543 | 11 | 15 | 15 |
| Other Income | 1 | 2 | 48 | 46 |
| Exceptional items (within Other Income) | 0 | |||
| Interest | 27 | 46 | 98 | 130 |
| Depreciation | 0 | 1.41 | 23 | 26 |
| Profit before tax | -45 | 15 | 375 | 368 |
| Tax % | -2 | -15 | 19 | |
| Net Profit | -44 | 18 | 305 | 302 |
| EPS in Rs | 46 | 45 | ||
| Diluted EPS in Rs | 46 | |||
| Dividend Payout % | 0 | 0 | 4 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- 284%
Compounded profit growth
- 10 years
- —
- 5 years
- —
- 3 years
- —
- TTM
- 1024%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- —
- 1 year
- 17%
Return on equity
- 10 years
- —
- 5 years
- —
- 3 years
- —
- Last year
- 36%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Equity Capital | 0.15 | 1.65 | 67 |
| Reserves | -1 | 46 | 1,501 |
| Borrowings | 231 | 467 | 1,014 |
| Other Liabilities | 531 | 790 | 4,481 |
| Total Liabilities | 762 | 1,305 | 7,062 |
| Fixed Assets | 1 | 2 | 89 |
| CWIP | 1 | 0 | 5 |
| Investments | 4 | 10 | 2 |
| Other Assets | 756 | 1,293 | 6,966 |
| Total Assets | 762 | 1,305 | 7,062 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from Operating Activity | -226 | -237 | -910 |
| Cash from Investing Activity | -6 | -8 | 19 |
| Cash from Financing Activity | 234 | 261 | 725 |
| Net Cash Flow | 2 | 17 | -166 |
| Free Cash Flow | -228 | -238 | -990 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Debtor Days | 7 | 5 | 28 |
| Cash Conversion Cycle | 7 | 5 | 28 |
| Working Capital Days | 55,665 | 126 | 225 |
| ROCE % | 16 | 30 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
658inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
7,99,73,262inr
2026-03-31
News
News and filings about Raymond Realty Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- aluminium (windows/facades) and electrical/plumbing fittings
- cement
- ceramic tiles & sanitaryware
- ready-mix concrete / aggregates
- steel / TMT reinforcement bars
Depends on the price of
- cement
- steel
Buys from
- Capacit'e Infraprojects Limited · civil/EPC construction of residential high-rises (TenX Era, GS Bandra, The Address by GS,…
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Realty
- Industry
- Residential, Commercial Projects
- Classification
- Realty › Residential, Commercial Projects
- ISIN
- INE1SY401010
Plants
- Raymond Realty Aashiyana (Thane)
- Raymond Realty Invictus (Thane)
- Raymond Realty Ten X Era (Thane)
- Raymond Realty Ten X Habitat (Thane)
- Raymond Realty Thane land parcel (~125 acres, TCC campus)
- Raymond Realty The Address by GS (Thane)
News impact
Big market events that reach Raymond Realty Limited, and how the effect spreads.
1 Oct, 13:15 IST · Market event · medium impact
Prestige Estates In Focus: Bombay HC Restores Mahalaxmi Turf View Project Status; Parties Settle Disputes
Bombay High Court restored Prestige's Mahalaxmi Turf View project after a settlement, helping Prestige restart sales while peers and unrelated Bombay-named firms see no direct change.
Who it hits first
- The Bombay High Court (HC), Mumbai's top court, restored project status for Turf View, Prestige Estates' housing project in Mahalaxmi, Mumbai, after the parties settled their fight before the property appeals tribunal (MahaREAT).
- With legal status back, Prestige Estates, the Bengaluru-based builder, can restart approvals, construction and flat sales at Turf View.
- Shares of seed maker Bombay Super Hybrid Seeds and textile firm Bombay Dyeing are unaffected — they share only the Bombay name, not the case.
Who may gain
- Prestige Estates gains cleared titles and can resume bookings and cash flows at Turf View.
- Homebuyers at Turf View get certainty that their flats and timelines stand.
Along the supply chain
Downstream
Downstream, flat buyers, brokers and home-loan lenders in Mahalaxmi regain a ready luxury option, aiding registrations and loan disbursals.
Upstream
Upstream, Prestige's listed contractors and material suppliers for concrete and blocks see work restart as Turf View construction resumes.
Where demand moves
Business
Business demand returns: buyers can book Turf View flats again and contractors resume work, lifting Prestige's Mumbai sales pipeline.
Capital
Capital steadies on Prestige as legal overhang lifts, while peer builders see only mild sentiment without direct order gains.
How it spreads across sectors
Realty
Mumbai builders gain confidence as courts uphold settled project titles, aiding sentiment for Lodha and Oberoi Realty.
Textiles
No readthrough — textile firms like Bombay Dyeing share only a name, not the property case.
When it plays out
Immediate
In 1-7 days Prestige shares firm and Turf View marketing restarts.
Medium term
In 1-6 months phased sales and cash flows build if demand holds.
Short term
In 1-4 weeks bookings and construction approvals pick up at Mahalaxmi.
29 Sept, 23:12 IST · Market event · high impact
Prestige Estates raises ₹3,000 crore from CPPIB for hospitality arm
Prestige Estates got ₹3,000 crore from Canada's CPPIB to grow its hotel business, which helps Prestige and builders, while rival developers only get a sentiment lift and no one is clearly hurt.
Who it hits first
- Prestige Estates Projects, a Bangalore builder of homes, offices, malls and hotels, receives ₹3,000 crore from CPP Investments to expand its hotel arm.
- CPP Investments, a large Canadian pension fund, makes its first direct investment in Indian hotels through this deal, signalling strong foreign belief in India hotel demand.
- The money is fresh equity for growth, not a loan, so Prestige can build more hotels without adding to its debt pile (debt vs its own money (D/E) 1.085).
Who may gain
- Prestige Estates Projects, whose hotel expansion is now paid for and whose hotel platform gains a marquee foreign backer.
- Capacite Infraprojects, a construction firm that already builds for Prestige, which may win contracts to build the new hotels.
- Brigade Enterprises, a Bangalore rival that also owns hotels, whose hotel assets look more valuable after a global fund priced the sector.
- Realty shareholders broadly, as foreign pension money entering Indian property lifts mood for the whole sector.
Along the supply chain
Downstream
Prestige listed customers in the pack are office tenants — TCS and Wipro (software makers), Britannia and Hindustan Unilever (food and household goods) — who buy office space, not hotel rooms, so no downstream sales lift follows; future hotel guests gain supply months out.
Upstream
Capacite Infraprojects, a contractor that supplies building work to Prestige, stands to gain new hotel orders; building-material makers benefit indirectly once construction starts, though no supplier in the pack has a priced order yet.
Where demand moves
Business
Prestige will need builders, materials and hotel equipment to turn ₹3,000 crore into rooms, so construction demand flows to contractors like Capacite Infraprojects; future hotel guests and travel bookers gain more rooms, but that supply is months away.
Capital
₹3,000 crore of Canadian pension capital flows into Prestige hotel arm, and the signal that global funds will pay up for Indian hotels pulls investor money toward listed realty and hotel owners.
How it spreads across sectors
Consumer Services
Hotel owners such as Indian Hotels, EIH, Chalet and Lemon Tree see their assets validated by a global buyer, though Prestige adding rooms in time means more competition for guests.
Realty
Positive mood lift as a ₹3,000 crore foreign bet validates Indian property; developers from DLF to small builders catch sympathy buying, but no earnings change.
A pattern seen before
Cascade chain
Pattern name
Crude Oil Cascade
Patterns
- Crude Oil Cascade
Sectors queried
- Cement
- Chemicals
- FMCG
- Power
When it plays out
Immediate
In 1-7 days Prestige shares react to the funding headline and peers catch sympathy bids.
Medium term
In 1-6 months hotel construction orders and room openings decide whether the ₹3,000 crore earns its return.
Short term
In 1-4 weeks the market checks deal terms and Prestige hotel pipeline, and contractors watch for tenders.
28 Sept, 10:51 IST · Market event · high impact
MICL transfers Marine Lines development rights to Godrej Properties in ₹6,000-crore revenue deal
Godrej Properties gained a Rs6,000-crore Marine Lines housing project from MICL, boosting its future sales and work for builders, while rival Mumbai builders face tougher competition.
Who it hits first
- MICL, a Mumbai builder that managed the Marine Lines housing project with Shreepati Group, handed its development rights to Godrej Properties.
- Godrej Properties, a large home builder, now controls a project expected to bring Rs6,000-crore in sales.
- MICL steps back from building and will no longer share in that future revenue.
Who may gain
- Godrej Properties shareholders, who gain a Rs6,000-crore South Mumbai project
- Construction contractors and cement makers that supply Godrej Properties' new building work
- Home buyers in Marine Lines who get a Godrej-built project
Along the supply chain
Downstream
Flat buyers, brokers and home-loan lenders in South Mumbai gain a fresh Godrej housing supply to sell and finance once bookings open.
Upstream
Cement and contract builders that supply Godrej — UltraTech Cement makes cement, Capacite Infraprojects and Ahluwalia Contracts build towers — gain future orders as work starts.
Where demand moves
Business
Godrej Properties gains future home sales worth Rs6,000-crore in Marine Lines, so its order book grows; contractors, cement and building suppliers see fresh work as construction starts, while rival builders gain no new sales.
Capital
Investors are likely to buy Godrej Properties on the bigger pipeline, lifting its shares, while money drifts away from rival builders that missed this prime plot and from MICL as it exits the project.
How it spreads across sectors
Construction
Contractors see a small lift from expected Marine Lines building orders.
Construction Materials
Cement and material makers see a small lift from future demand.
Realty
Godrej's pipeline grows, lifting sentiment for large Mumbai builders, while smaller rivals see no spillover.
When it plays out
Immediate
Next 1-7 days: Godrej shares firm on the Rs6,000-crore pipeline news; contractors edge up on order hopes.
Medium term
Next 1-6 months: Approvals and pre-sales decide the real gain; rivals refocus on their own Mumbai launches.
Short term
Next 1-4 weeks: Godrej details launch timelines and approvals; suppliers watch for tender wins.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 3 Jul 2026 | unspecified | ₹2 |
|---|
Splits, bonuses & buybacks
- daily-prices repair: 1 rows from NSE's archive (replace 0, delete 0, insert 1), 2026-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2026
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 25 Sep 2026 | QE SECURITIES LLP | SELL | 5,66,985 | ₹720.02 |
| 25 Sep 2026 | QE SECURITIES LLP | BUY | 5,57,761 | ₹722.13 |
| 25 Sep 2026 | ALPHAGREP SECURITIES PRIVATE LIMITED | BUY | 4,08,903 | ₹721.51 |
| 25 Sep 2026 | ALPHAGREP SECURITIES PRIVATE LIMITED | SELL | 4,08,903 | ₹721.19 |
| 25 Sep 2026 | PLUTUS WEALTH MANAGEMENT LLP | SELL | 3,52,619 | ₹720.64 |
| 25 Sep 2026 | PLUTUS WEALTH MANAGEMENT LLP | BUY | 3,52,619 | ₹720.31 |
| 25 Sep 2026 | HRTI PRIVATE LIMITED | SELL | 3,41,584 | ₹718.50 |
| 25 Sep 2026 | HRTI PRIVATE LIMITED | BUY | 2,46,987 | ₹715.91 |
| 24 Sep 2026 | MICROCURVES TRADING PRIVATE LIMITED | SELL | 11,92,283 | ₹704.18 |
| 24 Sep 2026 | MICROCURVES TRADING PRIVATE LIMITED | BUY | 11,92,283 | ₹703.83 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call · Q1FY2710 Aug 2026
- Earnings call8 Aug 2026
- Results presentation30 Jun 2026
- Earnings call · Q4FY266 May 2026
- Annual report
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.