Raymond Ltd— BUY—190—INR
Sector — Textiles
Regd.Off.— 156/H No.2, Village Zadgaon, Ratnagiri(M.H.) - 415612
Listed — NSE, BSE.
Company Overview—
Company was incorporated on 10th September 1925 at Mumbai. Raymond Group is a Rs. 2000 crore plus conglomerate having businesses in Textiles, Readymade Garments, Engineering Files & Tools, Prophylactics and Toiletries. The group is the leader in textiles, apparel, & files & tools in India and enjoys a pronounced position in the international market. Raymond believes in Excellence, Quality and Leadership. Raymond Woollen Mills Ltd. was registered in Kenya for manufacturing knitting yarns and price goods of wool and wool mixed with synthetic fibres, and woollen and worsted fabrics. Company also started the research and development for sheep breeding and wool production in India with a view to produce indigenously Merino type wool. Company has a woollen mill unit in Jalgaon in Maharashtra. Company also started a modern Wool Combing Division in collaboration with Sir James Mill & Sons Ltd., Bradford, U.K. Company acquired the files division of the A.V. Birla group company i.e. HGI Industries. The 50:50 joint ventures J K Ansell, between the Raymond and Australia-based Ansell International was formed to improve technology. Company started to manufacture suit lengths in the Super 200’s wool category, which is made by very few companies in the world. Raymond is planning to invest Rs 1 billion to open about 300 more stores across the country by the end of March 2011 as part of its expansion plans. The Raymond Shop will come up in smaller class IV and V cities. The funding for the project would be split equally between the company and franchisors/franchisees. Raymond expects its potential turnover to exceed Rs 2 billion from these stores on an annualized basis.
Products & Services—
Raymond Limited is India’s leading producer of worsted suiting fabric with a 60% market share in its category. Raymond apparel limited has three highly regarded men swear brands in its folio: Park Avenue, Parx & Manzoni. J.K. Helene curtis limited is the marketers of the Park Avenue and Premium brands of men’s toiletries. It’s brand ColorPlus is one of the leading domestic brands for premium casual wear in the country. Company also has presence into the branded kids wear market with “Zapp” range, for 4-12 years age group.
Raymond Shop is a premium retail store offering complete wardrobe solutions for men’s. Raymond Shop has been a pioneer in organized retailing in the country starting around five decades ago. The Raymond Shop’s wide reach and range of products, makes it the largest one stop retail network in the country. It has grown multifold from the beginning with a dedicated team making it the largest retail store in the country having more than 321stores in prime locations, in over 150 cities in India. Company also has overseas network of around 25 shops in 15 plus cities of Middle East, Srilanka, Bangladesh and Nepal. Raymond Shop offers over 3000 qualities, shades and designs of Raymond fabric to its customers.
Company has several well-established brands—
Raymond— The largest and most respected textile brand in India for 'The Complete Man' addressing the inborn need of men to look good and at the same time hold strength of character.
Park Avenue— Formal readymade garments & accessories for men it has got the "Most Admired Brand" and "Most Admired Trouser Brand" awards.
Parx— The semi formal and casual range of cottons, blends and denim wear catering to the smart, fashionable and comfortable clothing segment.
Manzoni—The luxury range of men’s shirts and ties acknowledged for its high quality and international styling.
Be: -- An exclusive prêt-a-porter line of ready-to-wear designer clothing for women and men in western, ethnic and fusion styles.
Premium— The range of cosmetics & toiletries including after shaves, shampoos, cologne, shaving cream, soaps, deodorants, room fresheners, etc.
ColorPlus— Premium casual wear brand in high quality natural fibres like cotton and linen, in superior mixed and performance oriented weaves.
Valuation—
At current market price, stock is trading at 12.45 P/E multiple of its FY2011 estimated EPS. We recommend investors to buy “Raymond Industries Limited” at every dip with long-term investment perspective.
Source: Internet (Valuenotes by Abhishek Jain)
Sector — Textiles
Regd.Off.— 156/H No.2, Village Zadgaon, Ratnagiri(M.H.) - 415612
Listed — NSE, BSE.
Company Overview—
Company was incorporated on 10th September 1925 at Mumbai. Raymond Group is a Rs. 2000 crore plus conglomerate having businesses in Textiles, Readymade Garments, Engineering Files & Tools, Prophylactics and Toiletries. The group is the leader in textiles, apparel, & files & tools in India and enjoys a pronounced position in the international market. Raymond believes in Excellence, Quality and Leadership. Raymond Woollen Mills Ltd. was registered in Kenya for manufacturing knitting yarns and price goods of wool and wool mixed with synthetic fibres, and woollen and worsted fabrics. Company also started the research and development for sheep breeding and wool production in India with a view to produce indigenously Merino type wool. Company has a woollen mill unit in Jalgaon in Maharashtra. Company also started a modern Wool Combing Division in collaboration with Sir James Mill & Sons Ltd., Bradford, U.K. Company acquired the files division of the A.V. Birla group company i.e. HGI Industries. The 50:50 joint ventures J K Ansell, between the Raymond and Australia-based Ansell International was formed to improve technology. Company started to manufacture suit lengths in the Super 200’s wool category, which is made by very few companies in the world. Raymond is planning to invest Rs 1 billion to open about 300 more stores across the country by the end of March 2011 as part of its expansion plans. The Raymond Shop will come up in smaller class IV and V cities. The funding for the project would be split equally between the company and franchisors/franchisees. Raymond expects its potential turnover to exceed Rs 2 billion from these stores on an annualized basis.
Products & Services—
Raymond Limited is India’s leading producer of worsted suiting fabric with a 60% market share in its category. Raymond apparel limited has three highly regarded men swear brands in its folio: Park Avenue, Parx & Manzoni. J.K. Helene curtis limited is the marketers of the Park Avenue and Premium brands of men’s toiletries. It’s brand ColorPlus is one of the leading domestic brands for premium casual wear in the country. Company also has presence into the branded kids wear market with “Zapp” range, for 4-12 years age group.
Raymond Shop is a premium retail store offering complete wardrobe solutions for men’s. Raymond Shop has been a pioneer in organized retailing in the country starting around five decades ago. The Raymond Shop’s wide reach and range of products, makes it the largest one stop retail network in the country. It has grown multifold from the beginning with a dedicated team making it the largest retail store in the country having more than 321stores in prime locations, in over 150 cities in India. Company also has overseas network of around 25 shops in 15 plus cities of Middle East, Srilanka, Bangladesh and Nepal. Raymond Shop offers over 3000 qualities, shades and designs of Raymond fabric to its customers.
Company has several well-established brands—
Raymond— The largest and most respected textile brand in India for 'The Complete Man' addressing the inborn need of men to look good and at the same time hold strength of character.
Park Avenue— Formal readymade garments & accessories for men it has got the "Most Admired Brand" and "Most Admired Trouser Brand" awards.
Parx— The semi formal and casual range of cottons, blends and denim wear catering to the smart, fashionable and comfortable clothing segment.
Manzoni—The luxury range of men’s shirts and ties acknowledged for its high quality and international styling.
Be: -- An exclusive prêt-a-porter line of ready-to-wear designer clothing for women and men in western, ethnic and fusion styles.
Premium— The range of cosmetics & toiletries including after shaves, shampoos, cologne, shaving cream, soaps, deodorants, room fresheners, etc.
ColorPlus— Premium casual wear brand in high quality natural fibres like cotton and linen, in superior mixed and performance oriented weaves.
Valuation—
At current market price, stock is trading at 12.45 P/E multiple of its FY2011 estimated EPS. We recommend investors to buy “Raymond Industries Limited” at every dip with long-term investment perspective.
Source: Internet (Valuenotes by Abhishek Jain)
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