Raymond Realty

Quick check

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• DebtAdequate safetyRated A+ by CARE.
• ResultsMixedIn the Jun 2026 quarter, sales rose 39% and profit fell 19% from a year earlier.
• DilutionRaise plannedNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersPromoters buyingThe promoters (founders or parent) own 51%, up from 49% in Jun 2025.
• ValuationCheap vs its pastThe share trades at 12.4 times its yearly earnings (P/E), cheaper than 93% of the time in the last 1 years. Its usual P/E is about 20.

Raymond Realty against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)12.4 against a typical 23.8: cheaper than most peers (1st = cheapest).46th of 173
• Sales growth+38.7% against a typical +6.6% from a year earlier.44th of 134
• Profit growth−18.7% against a typical +2.9% from a year earlier.61st of 108
• Share price, 3 months−17.3% against a typical −9.9%.109th of 147
• Size₹ 3,927.9 Cr. market value against a typical ₹ 129.6 Cr. (1st = largest).26th of 163

Exchange filings and their impact on the company.

• 27 Oct 2026Outcome of Board MeetingMedium impactPositivePrice −8.9% on 28 Oct
  Strong pre-sales and collections offset flat profit as higher interest weighs, with growth riding on Rs 4,100 cr launches.

  Raymond Realty reported Q2FY27 total income of Rs 757 crore, up 7% YoY, with EBITDA up 14% to Rs 115 crore and margin at 15%, while PBT fell 6% to Rs 66 crore on higher interest. Booking value nearly doubled to Rs 902 crore and collections rose 67% to Rs 682 crore with no new launches, and net debt stood at Rs 912 crore at 0.8x debt-equity. The company has a Rs 52,000 crore GDV portfolio and plans Rs 4,100 crore of Mahim launches in the next two quarters, guiding to 20% pre-sales growth and 17-19% EBITDA margin for FY27.

  Full analysisFiling
• 26 Oct 2026Press ReleaseMedium impactPositivePrice +4.5% on 27 Oct
  Raymond Realty arm to get Rs 210 cr from ICICI Prudential fund to fast-track MMR redevelopment.

  Ten X Realty West, a wholly owned subsidiary of Raymond Realty, will raise Rs 210 crore from ICICI Prudential Real Estate Development Fund, a Category II AIF managed by ICICI Prudential AMC, for a redevelopment project in the Mumbai Metropolitan Region. Raymond Realty said the two will jointly invest in the subsidiary under definitive documents to fund the project. The infusion supports its asset-light expansion across a Rs 52,000 crore GDV portfolio, of which Rs 27,000 crore is under eight joint development agreements.

  Full analysisFiling
• 23 Oct 2026General UpdatesMedium impactPositivePrice −1.9% on 26 Oct
  Exchanges cleared the 6.66m-warrant preferential issue, paving the way for ~Rs 433 cr of new equity capital at ~10% dilution.

  Raymond Realty said BSE and NSE granted in-principle approval on October 23, 2026 for its preferential issue of 6,657,373 convertible warrants on a private placement basis. The issue was earlier approved by the board on September 11 and by shareholders on October 8. The approval clears the way for allotment and listing of the new shares on warrant conversion, subject to statutory and listing formalities.

  Full analysisFiling
• 13 Oct 2026General UpdatesMedium impactPositivePrice +0.5% on 14 Oct
  Promoter-backed Rs 409 cr preferential issue to fund Thane projects and raise promoter stake to 55%.

  Raymond Realty clarified its EGM proposal for a preferential issue to promoters totalling Rs 409 crore. Of this, Rs 247 crore is for the Pokhran Road Thane project, Rs 60 crore for the Lake Shore Mall Thane project, and Rs 102 crore for general corporate purposes, to be used over three years. Post-issue promoter holding will rise from 50.93% to 55.04% on a fully diluted basis, supporting project construction and balance sheet strength.

  Full analysisFiling
• 8 Oct 2026General UpdatesMedium impactPositivePrice +2.7% on 9 Oct
  Shareholders approved higher authorised capital and a preferential issue, clearing the way for fresh equity.

  Raymond Realty said shareholders at the EGM on October 8, 2026 approved an increase in authorised share capital and a preferential issue of securities on a private placement basis. Both resolutions passed with over 99.99% votes in favour. The approval clears the company to raise fresh equity, which would strengthen its balance sheet for real estate growth, subject to allotment terms to be disclosed later.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Ankur Jindal

Chief Financial Officer

Hiren Jaidev Sonawala

Company Secretary, Compliance Officer

Harmohan H. Sahni

Managing Director, Executive Director