Raymond - The Complete Man

[UnknownLead]

Another more detailed presentation from Investor Meet at JK House today.
Presentation
Highlights the architecture of different brands of branded apparel. Explains garmenting business extensively.

Recording of the whole event below where we get to hear different business heads talk about their respective verticals.
https://www.instagram.com/reel/C_au6tLyY7F/?igsh=MWEyaXN5MWNzNjRtaQ==
Edit: Link of recording of another press meet today below
https://www.instagram.com/reel/C_c9Y26Syyl/?igsh=ZGdtMGx3ejZpOWpj

[newone]

Lot of promotion on the listing of new entity - Raymond Lifestyle. Even got a mail from chairman today

[UnknownLead]

Ventura assigns target price of INR 4,927 per share to Raymond Lifestyle which translates to market cap of 30000 crores. This is arrived at by taking average of DCF valuation which is INR 3,434 per share and SOTP valuation of INR 6,420 per share.
Research Report

Discusses all competitors, price points of their products and their valuation for each business segment.

[UnknownLead]

Notice from NSE

[newone]

Good listing for Raymond Lifestyle at around 3000.

Now that it is a separate company, will there be a new thread for RLL?

[Heet_Parikh]

Is this selling due to mandate by MF to not hold Raymond Lifestyle who are holding Raymond Ltd

[Dhan77]

Hello Mr Mohit - can I please know where have you pulled this data sheet from? And how frequently does this source get updated?

[roysavio]

I needed a little help as an investor in Raymond (pre demerger).

The shareholders got four equity shares of Raymond Lifestyle for every five shares held in Raymond Limited.

If my earlier purchase price of Raymond was Rs 500 (hypothetically, pre demerger), how do I apportion this purchase price between Raymond Limited and Raymond Lifestyle? If there are any articles/blogs around this, please share the links. Thanks!

[life_long_learner]

Hi @roysavio, If you are asking about cost of acquisition of Raymond Lifestyle for capital gains calculations, if and when you sell, please read the below article.

Here's How Much Raymond Lifestyle Is Valued

[roysavio]

Thank you @life_long_learner. I remember reading it in BSE announcements but could not find it. Based on the news article date, I was able to track down the original BSE Announcements PDF: https://www.bseindia.com/xml-data/corpfiling/AttachHis/20dc5523-f1ca-4f24-a89c-d2252e3ddb6d.pdf.

Putting in a screenshot here in case the PDF goes away in the future:

[newone]

If you have received Raymond Lifestyle shares as part of de merger, will LTCG apply after one year from the listing date (Sep 5, 2024) of RLL?

[roysavio]

I think the date for LTCG will be based on the purchase date of the original undivided Raymond shares.

[Varsh]

detailed writeup about Raymond

Raymond Lifestyle: The Incomplete Man (Since 2024)

mukul agarwal added stock last quarter

Disc tracking

[newone]

Mukul Agarwal was already holding more than 1% in Raymond Ltd. So, perhaps this is just de-merger allocation in Lifestyle

[Fvs]

Thanks for the link! It is very informative.

[Fvs]

For the Raymond Realty business, I hold a good position and I am thinking of having a track of certain growth variables. For now, from the available information from previous investor presentations, here are the details known to me:

- Revenue bifurcation is available for Real Estate and Engineering division:

With that information from ppts, I could derive Q1 FY25 nos for revenue and growth % YOY.

In a Separate press release, Management gave following guidance:

• Guidance in %:
  
  
• Guidance Rev: “The company expects to end the year just ended with bookings of over ₹2,000 crore, compared with ₹1,500 crore year ago.”

Tracking Data

Armed with above information, I have made following tracking table:

I’ll be looking into next presentation and update the notes.

[Akhileshmj]

A detailed report on Raymond Lifestyle Limited by Motilal Oswal
Raymond Lifestyle Motilal IC 2024.pdf (3.9 MB)

[amansingh]

This is a great article on Raymond Lifestyle. Just released today Is 'Raymond Lifestyle' the Next Big Value Bet?

Liked the balanced approach taken with the analysis. Looked at the company from various valuation angles etc

[amansingh]

This took a while but played out. Did you hold all the way?

[UnknownLead]

Systematix initiates coverage on Raymond Lifestyle after demerger, assigns a BUY rating with a target price of Rs 2,845 (vs. earlier fair value of Rs 2,293) for its lifestyle business on SOTP-based method, valuing branded textiles, branded apparel and B2B businesses at 11x/18x/9x Sept 2026E EV/EBITDA.
Link to report
Systematix_Raymond_Lifestyle___Initiating_Coverage.pdf (1.1 MB)