Raymond Limited (RAYMOND) - Net Assets

Latest as of March 2026: Rs31.18 Billion INR ≈ $337.16 Million USD

Based on the latest financial reports, Raymond Limited (RAYMOND) has net assets worth Rs31.18 Billion INR (≈ $337.16 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs47.38 Billion ≈ $512.39 Million USD) and total liabilities (Rs16.20 Billion ≈ $175.23 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 RAYMOND tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs31.18 Billion
% of Total Assets	65.8%
Annual Growth Rate	4.7%
5-Year Change	27.97%
10-Year Change	78.93%
Growth Volatility	18.41

Raymond Limited - Net Assets Trend (2005–2026)

This chart illustrates how Raymond Limited's net assets have evolved over time, based on quarterly financial data. See Raymond Limited defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Raymond Limited (2005–2026)

The table below shows the annual net assets of Raymond Limited from 2005 to 2026. For live valuation and market cap data, see Raymond Limited (RAYMOND) market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs31.18 Billion ≈ $337.16 Million	-25.01%
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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs665.50 Million	2.34%
Other Components	Rs27.77 Billion	97.66%
Total Equity	Rs28.44 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
Shanghai HYP-ARCH Architectural Design Consultant Co.Ltd. SHE:301024	$424.28 Million
QingCloud Technologies Corp. SHG:688316	$424.32 Million
PRA Group Inc NASDAQ:PRAA	$424.34 Million
Henan Qingshuiyuan Technology Co Ltd SHE:300437	$424.41 Million
Sk Securities KO:001510	$424.03 Million
China Datang Corporation Renewable Power Co. Limited F:DT7	$423.98 Million
InBody Co.Ltd KQ:041830	$423.96 Million
Thonburi Healthcare Grp Pcl BK:THG	$423.82 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 2025 to 2026, total equity changed from 37,161,400,000 to 28,439,800,000, a change of -8,721,600,000 (-23.5%).
Net income of 53,412,700,000 contributed positively to equity growth.
Dividend payments of 4,000,000 reduced retained earnings.
Other comprehensive income decreased equity by 13,171,000,000.
Other factors decreased equity by 48,959,300,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs53.41 Billion	+187.81%
Dividends Paid	Rs4.00 Million	-0.01%
Other Comprehensive Income	Rs-13.17 Billion	-46.31%
Other Changes	Rs-48.96 Billion	-172.15%
Total Change	Rs-	-23.47%

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: 1.38x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 3.08x to 1.38x 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	Rs589.25	x
2006-03-31	Rs207.52	Rs589.25	x
2007-03-31	Rs233.79	Rs589.25	x
2008-03-31	Rs235.81	Rs589.25	x
2009-03-31	Rs198.21	Rs589.25	x
2010-03-31	Rs191.57	Rs589.25	x
2011-03-31	Rs198.79	Rs589.25	x
2012-03-31	Rs221.95	Rs589.25	x
2013-03-31	Rs224.65	Rs589.25	x
2014-03-31	Rs238.86	Rs589.25	x
2015-03-31	Rs251.11	Rs589.25	x
2016-03-31	Rs265.78	Rs589.25	x
2017-03-31	Rs272.58	Rs589.25	x
2018-03-31	Rs295.21	Rs589.25	x
2019-03-31	Rs318.31	Rs589.25	x
2020-03-31	Rs377.48	Rs589.25	x
2021-03-31	Rs315.12	Rs589.25	x
2022-03-31	Rs354.36	Rs589.25	x
2023-03-31	Rs435.45	Rs589.25	x
2024-03-31	Rs692.78	Rs589.25	x
2025-03-31	Rs558.05	Rs589.25	x
2026-03-31	Rs427.19	Rs589.25	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): 187.81%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 241.46%
• Asset Turnover: 0.47x
• Equity Multiplier: 1.67x
Recent ROE (187.81%) is above the historical average (23.31%), 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
2026	187.81%	241.46%	0.47x	1.67x	Rs50.57 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: $8,885,935,519
Average return on equity (ROE) among peers: 0.87%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Raymond Limited (RAYMOND)	Rs31.18 Billion	7.51%	0.52x	$424.10 Million
Aaron Industries Limited (AARON)	$93.73 Million	11.30%	0.87x	$28.02 Million
Ador Welding Limited (ADORWELD)	$2.35 Billion	7.84%	0.61x	$184.52 Million
The Anup Engineering Limited (ANUP)	$3.23 Billion	13.31%	0.31x	$480.66 Million
ATAM VALVES ORD (BSE) (ATAM)	$364.70 Million	17.27%	0.48x	$8.92 Million
Azad Engineering Limited (AZAD)	$1.20 Billion	24.55%	2.37x	$1.44 Billion
Bharat Heavy Electricals Limited (BHEL)	$52.96 Billion	12.43%	1.30x	$15.29 Billion
Cummins India Limited (CUMMINSIND)	$20.43 Billion	28.94%	0.52x	$17.56 Billion
Diamond Power Infrastructure Limited (DIACABS)	$6.55 Billion	-122.90%	2.75x	$1.15 Billion
Diffusion Engineers Ltd (DIFFNKG)	$1.42 Billion	15.59%	0.62x	$149.46 Million
Ducon Infratechnologies Limited (DUCON)	$259.30 Million	0.36%	0.44x	$12.51 Million

About Raymond Limited

NSE:RAYMOND India Specialty Industrial Machinery

Market Cap

$424.10 Million

Rs39.22 Billion INR

Market Cap Rank

#13258 Global

#650 in India

Share Price

Rs589.25

Change (1 day)

-0.44%

52-Week Range

Rs321.85 - Rs758.00

All Time High

Rs3229.50