Raymond Ltd Stock Hits 52-Week Low at Rs.376.9 Amidst Continued Downtrend

Stock Price Movement and Market Context

On 23 Jan 2026, Raymond Ltd’s stock price declined by 1.83%, closing at Rs.376.9, the lowest level in the past year. This drop extends a two-day losing streak, during which the stock has fallen by 2.06%. The share price currently trades below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling sustained downward momentum.

In comparison, the broader Sensex index opened flat and traded marginally lower by 0.04% at 82,275.36 points, remaining 4.72% below its 52-week high of 86,159.02. The mid-cap segment showed modest gains, with the BSE Mid Cap index rising by 0.13%, highlighting a divergence from Raymond’s performance within the realty sector.

Financial Performance and Growth Trends

Raymond Ltd’s financial results have reflected challenges over the past year. The company reported a net sales decline at an annualised rate of -12.30% over the last five years, indicating contraction in top-line growth. Profit after tax (PAT) for the nine-month period stood at Rs.1,673.93 crore, representing a decline of 21.01% compared to the previous year.

Interest expenses have increased by 20.43% to Rs.57.54 crore over the same period, exerting additional pressure on profitability. The operating profit to interest coverage ratio has fallen to a low of 2.01 times in the latest quarter, suggesting tighter margins and reduced buffer against financial costs.

Institutional Holding and Market Sentiment

Institutional investors have reduced their stake in Raymond Ltd by 1.45% over the previous quarter, now collectively holding 17.14% of the company’s shares. This decline in institutional participation may reflect cautious sentiment given the company’s recent financial trajectory and sectoral pressures. Institutional investors typically possess greater analytical resources, and their reduced involvement often signals concerns about near-term prospects.

Relative Performance and Valuation Metrics

Over the past year, Raymond Ltd’s stock has delivered a negative return of -29.25%, significantly underperforming the Sensex’s positive 7.52% gain. The stock has also lagged behind the BSE500 index in each of the last three annual periods, underscoring a consistent pattern of underperformance relative to broader market benchmarks.

The 52-week high for the stock was Rs.782, indicating a substantial decline of over 50% from that peak. Despite this, the company maintains a high return on equity (ROE) of 35.83%, reflecting efficient management of shareholder capital. Additionally, the price-to-book value ratio stands at a low 0.8, suggesting the stock is trading at a discount compared to its peers’ historical valuations.

Mojo Score and Analyst Ratings

Raymond Ltd currently holds a Mojo Score of 38.0, categorised as a Sell rating. This represents a downgrade from a previous Hold rating as of 29 Oct 2025. The company’s market capitalisation grade is rated 3, indicating a mid-tier valuation within its sector. The downgrade reflects the combination of declining sales, shrinking profits, and increased interest costs, which have weighed on the stock’s outlook.

Sectoral and Broader Market Considerations

The realty sector, in which Raymond Ltd operates, has faced a challenging environment marked by subdued demand and cautious capital allocation. While the broader market indices have shown resilience, the company’s stock has not mirrored this trend, reflecting sector-specific headwinds and company-level financial pressures.

Despite the current valuation discount and strong ROE, the company’s earnings have contracted by 23.8% over the past year, with a PEG ratio of zero, indicating no growth premium priced into the stock. This combination of factors has contributed to the stock’s decline to its 52-week low.

Summary of Key Financial Metrics

To summarise, Raymond Ltd’s recent financial and market data include:

• New 52-week low price: Rs.376.9


• One-year stock return: -29.25%


• Five-year net sales growth rate: -12.30% annually


• PAT (9 months): Rs.1,673.93 crore, down 21.01%


• Interest expense (9 months): Rs.57.54 crore, up 20.43%


• Operating profit to interest coverage ratio (quarterly): 2.01 times


• Institutional holding: 17.14%, down 1.45% from previous quarter


• Return on equity: 35.83%


• Price to book value: 0.8


• Mojo Score: 38.0 (Sell), downgraded from Hold on 29 Oct 2025

The stock’s performance and valuation reflect a complex interplay of declining sales, profit contraction, rising interest costs, and reduced institutional participation, set against a backdrop of sectoral challenges and broader market dynamics.

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