Raymond Limited has informed the Exchange about Transcript
RAYMOND · price
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Raymond held an investor and analyst meet on May 13, 2025, just before the real estate business demerger (record date May 14, 2025). After the demerger, Raymond Limited will be a pure-play engineering, automotive and aerospace company, with Gautam Maini (Maini Precision) as Managing Director holding about 29% stake. Management guided for 15% revenue growth and 20% EBITDA growth over the next few years, with future products targeted to deliver 25% ROCE. The aerospace order pipeline (RFQs) is 2x of the current business built over 20 years, and the team develops one new part every day. The company serves 25+ aerospace customers including Safran, Honeywell, Pratt & Whitney, GE and Rolls-Royce, with 350 parts on the LEAP engine. Exports account for ~62% of revenue (50% Europe, 30–35% US). The Group became debt-free in 2023, two years ahead of target, and Chairman Gautam Singhania aspired to scale the engineering business from ₹2,000 crore to ₹4,000–6,000 crore.
Post real estate demerger, Raymond shareholders retain a debt-free, focused precision engineering and aerospace play backed by global Tier-1 customers. The explicit multi-year growth guidance (15% revenue, 20% EBITDA) and a 2x order pipeline point to a strong, visible growth runway, which is positive for the stock. Raymond shareholders will also receive shares in the newly listed real estate entity, giving them two separate listed exposures.