Raymond Limited (RAYMOND) - Net Assets

Latest as of September 2025: Rs35.09 Billion INR ≈ $379.44 Million USD

Based on the latest financial reports, Raymond Limited (RAYMOND) has net assets worth Rs35.09 Billion INR (≈ $379.44 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs51.09 Billion ≈ $552.56 Million USD) and total liabilities (Rs16.01 Billion ≈ $173.12 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Raymond Limited to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs35.09 Billion
% of Total Assets	68.67%
Annual Growth Rate	6.47%
5-Year Change	90.77%
10-Year Change	145.38%
Growth Volatility	17.47

Raymond Limited - Net Assets Trend (2005–2025)

This chart illustrates how Raymond Limited's net assets have evolved over time, based on quarterly financial data. Also explore RAYMOND total assets for the complete picture of this company's asset base.

Annual Net Assets for Raymond Limited (2005–2025)

The table below shows the annual net assets of Raymond Limited from 2005 to 2025. For live valuation and market cap data, see Raymond Limited (RAYMOND) market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs41.58 Billion ≈ $449.62 Million	-17.76%
2024-03-31	Rs50.55 Billion ≈ $546.71 Million	+69.41%
2023-03-31	Rs29.84 Billion ≈ $322.71 Million	+22.48%
2022-03-31	Rs24.36 Billion ≈ $263.48 Million	+11.79%
2021-03-31	Rs21.79 Billion ≈ $235.68 Million	-11.57%
2020-03-31	Rs24.64 Billion ≈ $266.52 Million	+21.00%
2019-03-31	Rs20.37 Billion ≈ $220.27 Million	+7.86%
2018-03-31	Rs18.88 Billion ≈ $204.21 Million	+8.37%
2017-03-31	Rs17.42 Billion ≈ $188.44 Million	+2.84%
2016-03-31	Rs16.94 Billion ≈ $183.23 Million	+4.98%
2015-03-31	Rs16.14 Billion ≈ $174.54 Million	+5.02%
2014-03-31	Rs15.37 Billion ≈ $166.19 Million	+10.45%
2013-03-31	Rs13.91 Billion ≈ $150.46 Million	+1.08%
2012-03-31	Rs13.76 Billion ≈ $148.86 Million	+12.10%
2011-03-31	Rs12.28 Billion ≈ $132.79 Million	+3.77%
2010-03-31	Rs11.83 Billion ≈ $127.96 Million	-3.28%
2009-03-31	Rs12.23 Billion ≈ $132.30 Million	-15.86%
2008-03-31	Rs14.54 Billion ≈ $157.24 Million	+0.89%
2007-03-31	Rs14.41 Billion ≈ $155.85 Million	+11.18%
2006-03-31	Rs12.96 Billion ≈ $140.17 Million	+9.17%
2005-03-31	Rs11.87 Billion ≈ $128.40 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Raymond Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1858570000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs18.59 Billion	50.01%
Common Stock	Rs665.50 Million	1.79%
Other Comprehensive Income	Rs13.17 Billion	35.44%
Other Components	Rs4.74 Billion	12.75%
Total Equity	Rs37.16 Billion	100.00%

Raymond Limited Competitors by Market Cap

The table below lists competitors of Raymond Limited ranked by their market capitalization.

Company	Market Cap
Putnam Premier Income Trust NYSE:PPT	$335.44 Million
Nanning Sugar Industry Co Ltd SHE:000911	$335.66 Million
Astarta Holding N.V. WAR:AST	$335.72 Million
Modern Avenue Group Co Ltd SHE:002656	$335.73 Million
China Tian Lun Gas Holdings Limited F:TLJ	$335.16 Million
Viemed Healthcare Inc NASDAQ:VMD	$335.11 Million
LUBAWA SA WAR:LBW	$334.99 Million
Fastighets AB Trianon (publ) ST:TRIAN-B	$334.81 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Raymond Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 46,173,424,000 to 37,161,400,000, a change of -9,012,024,000 (-19.5%).
Net income of 76,313,600,000 contributed positively to equity growth.
Dividend payments of 659,100,000 reduced retained earnings.
Other comprehensive income increased equity by 212,036,000.
Other factors decreased equity by 84,878,560,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs76.31 Billion	+205.36%
Dividends Paid	Rs659.10 Million	-1.77%
Other Comprehensive Income	Rs212.04 Million	+0.57%
Other Changes	Rs-84.88 Billion	-228.41%
Total Change	Rs-	-19.52%

Book Value vs Market Value Analysis

This analysis compares Raymond Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.83x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 2.43x to 0.83x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs191.35	Rs465.80	x
2006-03-31	Rs207.52	Rs465.80	x
2007-03-31	Rs233.79	Rs465.80	x
2008-03-31	Rs235.81	Rs465.80	x
2009-03-31	Rs198.21	Rs465.80	x
2010-03-31	Rs191.57	Rs465.80	x
2011-03-31	Rs198.79	Rs465.80	x
2012-03-31	Rs221.95	Rs465.80	x
2013-03-31	Rs224.65	Rs465.80	x
2014-03-31	Rs238.86	Rs465.80	x
2015-03-31	Rs251.11	Rs465.80	x
2016-03-31	Rs265.78	Rs465.80	x
2017-03-31	Rs272.58	Rs465.80	x
2018-03-31	Rs295.21	Rs465.80	x
2019-03-31	Rs318.31	Rs465.80	x
2020-03-31	Rs377.48	Rs465.80	x
2021-03-31	Rs315.12	Rs465.80	x
2022-03-31	Rs354.36	Rs465.80	x
2023-03-31	Rs435.45	Rs465.80	x
2024-03-31	Rs692.78	Rs465.80	x
2025-03-31	Rs558.05	Rs465.80	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Raymond Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 205.36%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 391.79%
• Asset Turnover: 0.25x
• Equity Multiplier: 2.08x
Recent ROE (205.36%) is above the historical average (15.47%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	7.51%	6.12%	0.76x	1.60x	Rs-292.65 Million
2006	11.22%	8.36%	0.74x	1.81x	Rs155.69 Million
2007	9.67%	6.80%	0.60x	2.36x	Rs-47.39 Million
2008	1.00%	0.60%	0.66x	2.51x	Rs-1.30 Billion
2009	-18.89%	-8.98%	0.69x	3.05x	Rs-3.51 Billion
2010	-4.26%	-2.00%	0.72x	2.98x	Rs-1.68 Billion
2011	3.12%	1.25%	0.84x	2.96x	Rs-839.73 Million
2012	11.43%	4.28%	0.91x	2.94x	Rs195.45 Million
2013	2.08%	0.71%	0.96x	3.03x	Rs-1.09 Billion
2014	7.34%	2.39%	1.01x	3.03x	Rs-389.82 Million
2015	7.32%	2.13%	1.13x	3.03x	Rs-413.21 Million
2016	5.64%	1.65%	1.10x	3.11x	Rs-710.82 Million
2017	1.53%	0.48%	1.02x	3.14x	Rs-1.42 Billion
2018	7.43%	2.29%	0.96x	3.37x	Rs-465.73 Million
2019	8.60%	2.57%	0.98x	3.41x	Rs-273.97 Million
2020	8.25%	3.04%	0.83x	3.26x	Rs-414.63 Million
2021	-14.16%	-8.67%	0.51x	3.21x	Rs-5.07 Billion
2022	11.04%	4.21%	0.84x	3.13x	Rs244.37 Million
2023	18.25%	6.44%	1.00x	2.83x	Rs2.39 Billion
2024	35.47%	18.16%	0.68x	2.85x	Rs11.76 Billion
2025	205.36%	391.79%	0.25x	2.08x	Rs72.60 Billion

Industry Comparison

This section compares Raymond Limited's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $21,487,784,397
Average return on equity (ROE) among peers: 12.29%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Raymond Limited (RAYMOND)	Rs35.09 Billion	7.51%	0.46x	$335.25 Million
Aaron Industries Limited (AARON)	$108.01 Million	12.44%	0.77x	$31.35 Million
Ador Welding Limited (ADORWELD)	$3.24 Billion	18.33%	0.40x	$184.52 Million
The Anup Engineering Limited (ANUP)	$2.41 Billion	10.60%	0.28x	$446.74 Million
ATAM VALVES ORD (BSE) (ATAM)	$99.69 Million	8.77%	0.82x	$8.50 Million
Azad Engineering Limited (AZAD)	$2.04 Billion	4.15%	1.89x	$1.51 Billion
Bharat Heavy Electricals Limited (BHEL)	$201.55 Billion	30.03%	1.96x	$13.27 Billion
Cummins India Limited (CUMMINSIND)	$10.21 Billion	26.25%	0.54x	$15.79 Billion
Diamond Power Infrastructure Limited (DIACABS)	$-5.96 Billion	0.00%	0.00x	$899.30 Million
Diffusion Engineers Ltd (DIFFNKG)	$953.91 Million	11.68%	0.77x	$120.60 Million
Ducon Infratechnologies Limited (DUCON)	$238.32 Million	0.60%	0.42x	$11.42 Million

About Raymond Limited

NSE:RAYMOND India Specialty Industrial Machinery

Market Cap

$335.25 Million

Rs31.00 Billion INR

Market Cap Rank

#14493 Global

#701 in India

Share Price

Rs465.80

Change (1 day)

+0.28%

52-Week Range

Rs321.85 - Rs1574.50

All Time High

Rs3229.50