Case study

RAYMOND

Raymond Limited

Worth a closer look1y model -13.9%

Each stock's 10,000-path forecast, rendered as light.

61Score

Raymond Limited (RAYMOND) Stock Analysis & Case Study

Is RAYMOND a good buy? The data-driven verdict.

Raymond Limited (RAYMOND) trades at ₹628,on the numbers it worth a closer look, a Downstox Snapshot Score of 61/100.

On the numbers, Raymond Limited (RAYMOND) worth a closer look, a Downstox Snapshot Score of 61/100, weighing inexpensive at 0.8× earnings, ROE of 168.0%, a 43% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.

Last updated . Data snapshot for research, not investment advice.

RAYMOND fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield

Market cap
₹4,183 Cr
Current price
₹628
P/E ratio
0.8×
P/B ratio
1.47×
Book value
₹427
ROCE
3.1%
ROE
168.0%
Piotroski F-Score
4/8

How RAYMOND ranks against the 2,373 companies in our screener

Is RAYMOND overvalued? RAYMOND P/E vs peers

RAYMOND trades at 0.8× earnings. We don't have a verified sector peer group for this stock yet, so no sector peer median or peer comparison table is shown here. Showing one anyway would compare it against an arbitrary set of large-cap names, not real sector peers.

RAYMOND share price target 2027, 2028, 2029, 2030, 2031, a probability view

Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.8y of RAYMOND history (3%/yr drift, 86%/yr volatility).

YearLow (P10)Median target (P50)High (P90)Upside vs today
RAYMOND 2027₹179₹529₹1,561-14%
RAYMOND 2028₹96₹456₹2,171-26%
RAYMOND 2029₹59₹392₹2,611-36%
RAYMOND 2030₹39₹337₹2,946-45%
RAYMOND 2031₹26₹290₹3,201-53%

Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.

What is the probability RAYMOND goes up, or doubles?

43%
Higher in 1 year
Modelled chance the price is above today in 12 months
34%
Higher in 5 years
Modelled chance the price is above today in 5 years
22%
Doubles in 5 years
Modelled chance of reaching ₹1,230 within 5 years

The bull case for RAYMOND

  • RAYMOND's P/E of 24.4x is lower than 55% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Low price-to-book of 1.47×, the market is paying little over the company's net assets.
  • RAYMOND's return on equity of 168.0% ranks in the top 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
  • Upside scenario: the model's optimistic (P90) 3-year path reaches ₹2,611.

The bear case & risks

  • The probability model is cautious 12 months out, only a 43% chance of finishing above today's price.
  • High historical volatility (86%/yr) means a wide, bumpy range of outcomes, size positions accordingly.
  • Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹59.

RAYMOND volatility & expected range, how bumpy is the ride?

Over the last 9.8 years RAYMOND compounded at 3%/year with annualized volatility of 86%. That volatility implies a 1-year 80% range of ₹179-₹1,561, the honest backbone behind any single price target.

RAYMOND price forecast, the full 60-month probability fan

Spot Price · Today
₹0
Based on 9.8 years of daily NSE data ·0.0% annualised volatility
5-yr median forecast
₹0
P(price ↑ in 5y)
0%
1-Year Forecast
2027
₹0
Median (P50)
13.9%
80% range₹179-₹1,561
P(price ↑)43%
P(price 2×)16%
3-Year Forecast
2029
₹0
Median (P50)
36.2%
80% range₹59-₹2,611
P(price ↑)38%
P(price 2×)22%
5-Year Forecast
2031
₹0
Median (P50)
52.8%
80% range₹26-₹3,201
P(price ↑)34%
P(price 2×)22%

RAYMOND price probability fan

Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.

Probability Fan
RAYMOND simulated paths · 60 months · 10,000 trials
P10-P90 (80%)P25-P75 (50%)Median (P50)

Probability of key outcomes

What are the odds RAYMOND hits common targets within the simulated horizon?

0%
P(↑ 1Y)
Above today's price in 1 year
0%
P(↑ 5Y)
Above today's price in 5 years
0%
P(2×)
Doubles within 5 years
0%
P(↓)
Falls below today in 5 years

Full multi-horizon detail on the RAYMOND price target & forecast page.

RAYMOND Piotroski F-Score: 4/8, how financially strong is it?

4/8

The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. RAYMOND scores 4/8, mixed financial health.

RAYMOND MTF margin & leverage across 10 brokers

Margin Trading Facility lets you buy RAYMOND with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):

BrokerMargin requiredApprox. leverage
Upstox36.63%2.7×
ZerodhaCHEAPEST36.60%2.7×
Groww36.69%2.7×
DhanCHEAPEST36.60%2.7×
Kotak Neo36.63%2.7×
Paytm Money36.82%2.7×
Pocketful37.11%2.7×
Anand RathiCHEAPEST36.60%2.7×
Bajaj Broking40.00%2.5×
Share India36.69%2.7×

Compare every broker on the RAYMOND MTF page.

About Raymond Limited: sector, index & market-cap context

Raymond Limited (RAYMOND) is a small-cap NSE-listed company, with a market capitalisation of ₹4,183 Cr. See more stocks on our screener.

How the RAYMOND Snapshot Score & forecast are built

The Downstox Snapshot Score is a transparent, rules-based read of Raymond Limited's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.

This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.

RAYMOND analysis, FAQs

Is Raymond Limited (RAYMOND) a good buy?

On the numbers, Raymond Limited (RAYMOND) worth a closer look, a Downstox Snapshot Score of 61/100, weighing inexpensive at 0.8× earnings, ROE of 168.0%, a 43% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.

Is RAYMOND overvalued or undervalued?

RAYMOND trades at 0.8× earnings, inexpensive versus the ~22× long-run Nifty average.

What is the RAYMOND share price target for 2031?

RAYMOND's probability-weighted 2031 median target is ₹290, with an 80% range of ₹26-₹3,201 (10,000-path Monte-Carlo).

What is the probability RAYMOND doubles in 5 years?

The modelled probability of RAYMOND reaching ₹1,230 (2×) within 5 years is 22%.

What is the bull case for RAYMOND?

RAYMOND's P/E of 24.4x is lower than 55% of the 2,373 NSE companies in our screener, as of 9 Aug 2026. Low price-to-book of 1.47×, the market is paying little over the company's net assets. RAYMOND's return on equity of 168.0% ranks in the top 1% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.

What are the risks in RAYMOND?

The probability model is cautious 12 months out, only a 43% chance of finishing above today's price. High historical volatility (86%/yr) means a wide, bumpy range of outcomes, size positions accordingly.

More on RAYMOND