Share price
₹552.1 latest close · −18.3% over the last 90 sessions
₹552.1 month-end · +9.7% over 12 months
₹552.1 month-end · −19.9% since Jul '25
52-week range ₹349.00 to ₹741.95 · 1-year volatility 59.1%
Was the rally earned?
Partly.
- Most of the rise came from investors paying a higher multiple (P/E 3.8x to 12.2x); per-share earnings took off 111 points.
- The share count rose 3250%.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-63.1% (2025-07 peak to 2026-03 low, not yet recovered)
Most recent volume spikes
2026-10-06: 7.1x the 50-day median, price +2.3% that day
2026-10-05: 5.3x the 50-day median, price +6.7% that day
2026-09-25: 23.4x the 50-day median, price +0.4% that day
Where does it rank among Finance peers?
Each cell is the company's percentile rank among its Finance peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE89th▲ 20 pts vs a year ago
- Op. margin27th▲ 4 pts vs a year ago
- Revenue growth95th
- Debt/equity ↓24th▲ 21 pts vs a year ago
- Cash cycle ↓54th▼ 22 pts vs a year ago
- P/E ↓74th
- 12M momentum81st
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Finance sector page Watch it move against Finance in the Observatory
What is the price implying?
At a P/E of 12.2x, the price would imply about 9.7%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Finance The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹552.10
- P/E
- 12.2x
- ROCE
- 30.0%
- Market Cap
- ₹3674 cr
- Revenue (TTM)
- ₹3139 cr
- P/S
- 1.2x
- P/B
- 2.3x
- ROE
- 19.2%
- Operating Margin
- 12.0%
- Debt / Equity
- 0.6x
- Promoter Holding
- 50.9%
- 12M Momentum
- 9.7%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance12%Within range
Other income as a share of pre-tax profit (trailing twelve months): 12.2%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate14%Near threshold
Median quarterly effective tax rate over about 2.5 years: 13.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion-4.92xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: -4.92x (cash from operations ₹-1,373 cr, net profit ₹279 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow0 of 3 yrsBeyond threshold
Fiscal years with positive free cash flow in the last 3: 0. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history—Not enough data
Not enough reported data to compute this.
Capital work in progress6% of fixed assetsWithin range
Capital work-in-progress is 6% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Since Jun 2025, FIIs trimmed 9.7 pts; DIIs trimmed 3.4 pts; promoters added 2.1 pts.
- The number of shareholders fell from 2.6 lakh to 2.1 lakh (-20%) between Jun 2025 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like RAYMOND REALTY LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −30% to +50% vs the market, against −5% for all non-financial companies in the same months.
- The gap against the base rate (−3.6%, 80% range −13.8% to +19.4%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 6 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 29 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| GTPL Communications |
Jun 2020 | 9x | 27% | +17% | −26% | +67% |
| REFEX Energy Minerals |
Apr 2024 | 16x | — | +156% | −7% | +141% |
| WSI Producer Manufacturing |
Aug 2024 | 16x | 25% | +46% | −14% | −47% |
| CEMPRO Industrial Services |
Nov 2024 | 28x | 27% | +94% | −19% | +55% |
| AVPINFRA Industrial Services |
Aug 2025 | 14x | 25% | +3% | −32% | −70% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| ROSSELLIND Electronic Technology |
May 2022 | 19x | — | +37% | −24% | +47% |
| ASHAPURMIN Non-Energy Minerals |
Jun 2021 | 15x | 16% | +251% | −9% | −35% |
| DPABHUSHAN Miscellaneous |
Feb 2021 | 14x | — | +91% | −6% | +158% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, ROCE and P/S. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
15 events since Sep '25
- OctPriceVolume reached 7.1x its 50-day median on 2026-10-06; price +2.3% that day.
- SepInstitutionsFII + DII holding fell 4.2 pts over 2 quarters to 8.8%.
- SepPriceVolume reached 49.0x its 50-day median on 2026-09-24; price +5.5% that day.
- JulDebtDebt / equity halved over 12 months to 0.65x.
- JulSharesShare count is up 200.0% over 12 months.
- JunPeer rankMoved into the top quartile of Finance on ROCE (from the 2nd quartile).
- JunDebtDebt / equity fell below 1.0x (0.65x).
- JunDividendStarted paying a dividend (payout 4% of profit).
Show 7 earlier events
- MayPriceVolume reached 88.5x its 50-day median on 2026-05-07; price +11.5% that day.
- MarPriceFell 63% from the Jul 2025 peak to the Mar 2026 low.
- MarPriceVolume reached 17.8x its 50-day median on 2026-03-18; price +10.8% that day.
- DecInstitutionsFII + DII holding fell 6.2 pts over 1 quarter to 15.7%.
- DecPeer rankMoved into the 3rd quartile of Finance on operating margin (from the bottom quartile).
- OctPriceVolume reached 9.8x its 50-day median on 2025-10-28; price -4.9% that day.
- SepPeer rankSlipped to the bottom quartile of Finance on operating margin (from the 3rd quartile).
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history17 months · 2025-07 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 12.2x | ₹3139 cr | 19.2% | 30.0% | 0.6x |
| 2026-10 | 11.3x | ₹3139 cr | 19.2% | 30.0% | 0.6x |
| 2026-09 | 14.8x | ₹3139 cr | 19.2% | 30.0% | 0.6x |
| 2026-08 | 11.6x | ₹2992 cr | 19.4% | 30.0% | 0.6x |
| 2026-07 | 14.1x | ₹2992 cr | 19.4% | 30.0% | 0.6x |
| 2026-06 | 13.5x | ₹2992 cr | 19.4% | 30.0% | 0.6x |
| 2026-05 | — | ₹1952 cr | 302.1% | 16.0% | 9.7x |
| 2026-04 | — | ₹1952 cr | 302.1% | 16.0% | 9.7x |
| 2026-03 | — | ₹1952 cr | 302.1% | 16.0% | 9.7x |
| 2026-02 | — | ₹1286 cr | 168.8% | 16.0% | 9.7x |
| 2026-01 | — | ₹1286 cr | 168.8% | 16.0% | 9.7x |
| 2025-12 | — | ₹1286 cr | 168.8% | 16.0% | 9.7x |
| 2025-11 | — | ₹815 cr | 54.2% | 16.0% | 9.7x |
| 2025-10 | — | ₹815 cr | 54.2% | 16.0% | 9.7x |
| 2025-09 | — | ₹815 cr | 54.2% | 16.0% | 9.7x |
| 2025-08 | — | ₹565 cr | 35.4% | 16.0% | 9.7x |
| 2025-07 | — | ₹565 cr | 35.4% | 16.0% | 9.7x |