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.
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
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!
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.
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:
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)