Shares of this multibagger small-cap garment company are buzzing in today’s session!

Multi-bagger Stocks

by 5paisa Research Team Last Updated: Dec 11, 2022 - 06:55 am 9k Views
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In Q2FY23, the company delivered its highest-ever revenue and EBITDA for a quarter.

The shares of Raymond Ltd, an S&P BSE SmallCap company, are buzzing on the bourses today. As of 11.55 am, the shares of Raymond are trading higher by 2.86%. Meanwhile, the frontline index S&P BSE Sensex is up by 0.54%.

Raymond is India’s largest integrated worsted suiting manufacturer. The company offers end-to-end solutions for fabrics and garments. It has some of the leading brands within its portfolio - Raymond Ready to Wear, Park Avenue, ColorPlus, Parx, and Raymond Made to Measure amongst others.

In the first week of November 2022, the company declared its Q2FY23 results. As per the exchange filing, Raymond delivered the highest-ever revenue and EBITDA for a quarter. The net revenue stood at Rs 2,191 crore, up by 38% YoY. The EBITDA came in at Rs 358 crore whereas the EBITDA margin stood at 16.3%. The PAT grew by a stellar 198% YoY to Rs 159 crore from Rs 53 crore in the corresponding quarter last year.

Looking at the last two years, the shares of Raymond have delivered multibagger returns to its shareholders. During this time, the share price of the company climbed from Rs 319.15 on 24 November 2020 to Rs 1294.95 on 23 November 2022, an increase of 305.7% in the two years.

Looking at the relative valuations, the shares of Raymond are currently trading at a TTM PE of 14.29x against the industry PE of 18.03x. In the fiscal year 2022, the company delivered an ROE & ROCE of 12.19% and 11.10%, respectively.

Today, the scrip opened at Rs 1299.95 and has touched a high and low of Rs 1349 and Rs 1297.3, respectively. So far 15,512 shares have been traded on the bourses. The stock has a 52-week high & low of Rs 1,363 and Rs 576.70, respectively on BSE.

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