Raymond Share Price Target 2026: Stock Analysis, Share Price Today, Bull Case and Bear Case After Q1 FY27
- May 12, 2026
- Posted by: Neeraj Pandey
- Category: News
Raymond Rs 1,294.30 (6 Oct 2026 close). 52-week range Rs 320.40 to Rs 1,339.00. Q1 FY27 total income Rs 628 cr, up 13%; profit Rs 31 cr, up 50%; aerospace order book above Rs 5,960 cr.
Quick Answer
The Raymond share price target for 2026 is Rs 1,134 to Rs 1,404, which is between 12 percent below and 8 percent above the last close of Rs 1,294.30, with bull and bear cases of Rs 1,872 to Rs 2,160 and Rs 576 to Rs 720. Raymond, now an engineering company after demerging lifestyle and real estate, reported Q1 FY27 total income up 13 percent to Rs 628 crore, EBITDA up 14 percent to Rs 100 crore and profit up 50 percent to Rs 31 crore. Aerospace and defence revenue rose 40 percent to Rs 123 crore at a 21.2 percent margin, the order book is above Rs 5,960 crore, and the stock has risen about fourfold from its March low to a valuation near 135 times trailing earnings. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario.
The Raymond share price target for 2026 is Rs 1,134 to Rs 1,404 in the Univest base case, with the stock at Rs 1,294.30 at the 6 October 2026 close. That is 3.3 percent below its 52-week high of Rs 1,339.00 and 304.5 percent above its 52-week low of Rs 320.00, and the stock moved up 123.3 percent over the past year. Raymond Limited is now an engineering company with two units: JK Maini Precision Technology, which makes precision parts, auto components, files and hand tools, and JK Maini Global Aerospace. Debt to equity is 0.37 and the company pays no dividend.
Three things changed since the last update: the stock re-rated from Rs 627 to a high of Rs 1,339 between late August and early October, JK Maini Global Aerospace won a fighter aircraft wing structures tender on 23 September, and a Rs 214.70 crore preferential issue was proposed. This Raymond stock analysis covers the Raymond share price today, the Raymond share price target for 2026, 2027 and 2030, the Q1 FY27 numbers, catalysts and risks, key price levels and a Raymond buy or sell view.
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What Is the Raymond Share Price Target for 2026?
The 2026 target for Raymond shares is Rs 1,134 to Rs 1,404 in the Univest base case, which is -12.4% to +8.5% against the last close. The bull case is Rs 1,872 to Rs 2,160 and the bear case is Rs 576 to Rs 720. No brokerage price target was available on the sources we track as of 6 October 2026, so every range below is a Univest research scenario. Analyst consensus is used as a cross-check, not as the base.
Raymond Share Price Target Scenarios: Bull Case, Base Case and Bear Case
| Scenario | FY28E EPS | Target Multiple | Price Target (Rs) | Move vs Rs 1,294.30 |
|---|---|---|---|---|
| Bull Case | Rs 36 | 52x to 60x | 1,872 to 2,160 | +44.6% to +66.9% |
| Base Case | Rs 27 | 42x to 52x | 1,134 to 1,404 | -12.4% to +8.5% |
| Bear Case | Rs 18 | 32x to 40x | 576 to 720 | -55.5% to -44.4% |
FY28 EPS of Rs 27 in the base case compares with trailing EPS of Rs 9.58 and Q1 EPS of about Rs 4.65, and assumes aerospace revenue grows more than 35 percent a year with a 21 percent margin. Defence and aerospace suppliers trade at a premium, and the stock trades at about 48 times the base estimate, so the range is wide. The PE multiple used for each case is shown in the table. Trailing PE of 135 times reflects low demerger-period earnings, and the EPS estimate is a Univest assumption, not company guidance. Those assumptions set the Raymond share price target range around the current price.
Raymond Company Overview and Share Price Today as of 6 October 2026
Raymond share price today is Rs 1,294.30 on the NSE at the 6 October 2026 close, before the market opens on 7 October. The market capitalisation is Rs 8,614 crore, and the stock trades at 135 times trailing earnings against an industry average of 40.6 times. The Univest base case Raymond share price target of Rs 1,134 to Rs 1,404 is -12.4% to +8.5% from here. The table below sets out the key numbers behind the Raymond share price target.
| Parameter | Value | Context |
|---|---|---|
| NSE Ticker | RAYMOND | BSE code 500330 |
| Sector | Aerospace, defence and precision engineering | Per Univest sector classification |
| Last Close (NSE) | Rs 1,294.30 | 6 Oct 2026 close |
| 52-Week High | Rs 1,339.00 | CMP is 3.3% below |
| 52-Week Low | Rs 320.00 | CMP is 304.5% above |
| 1-Year Return | About +123% | Weekly close Rs 579.55 on 10 Oct 2025 to Rs 1294.3 |
| Market Capitalisation | Rs 8,614 crore | Small cap engineering company |
| Trailing P/E | About 135x | Industry P/E about 40.60x |
| P/B Ratio | About 3.03x | Book value Rs 427.20 per share |
| EPS (TTM) | Rs 9.58 | Trailing twelve months |
| Return on Equity | About 8.9% | Debt to equity 0.37 |
| Dividend Yield | Nil | No dividend |
| 12-Month Target (Base Case) | Rs 1,134 to Rs 1,404 | Univest base case |
| Bull Case | Rs 1,872 to Rs 2,160 | +44.6% to +66.9% |
| Bear Case | Rs 576 to Rs 720 | -55.5% to -44.4% |
Track live price, fundamentals and results for Raymond on the Univest Screener.
How Did Raymond Perform in Q1 FY27?
Raymond reported Q1 FY27 total income of Rs 628 crore, up 13 percent from Rs 555 crore, and revenue from operations of Rs 606 crore, up 15.6 percent. EBITDA rose 14 percent to Rs 100 crore and profit after tax rose 50 percent to Rs 31 crore. Together these Q1 FY27 numbers anchor the Raymond share price target.
| Metric | Q1 FY27 | Context |
|---|---|---|
| Total Income | Rs 628 crore | Up 13% YoY |
| EBITDA | Rs 100 crore | Up 14% YoY |
| Profit After Tax | Rs 31 crore | Up 50% YoY |
| Precision Technology Revenue | Rs 444 crore | Up 11.5% from Rs 398 crore |
| Aerospace and Defence Revenue | Rs 123 crore | Up 40%; EBITDA Rs 26 crore at 21.2% |
| Net Cash | Rs 129 crore | At June 2026 |
The aerospace order book is above Rs 5,960 crore spread over a ten-year horizon, with a further Rs 1,632 crore request-for-quote pipeline. The LEAP engine programme contributed Rs 110 crore between April 2025 and February 2026. The FY27 outlook from management is the main input for these estimates. These numbers sit behind every range in the scenario table above, so they anchor the Raymond share price target.
Why Is Raymond Share Price Up 4x From Its March Low?
Raymond shares are about 4 times the Rs 320.40 low of 30 March 2026 and up 117 percent in a year. The stock rose 18 percent in the week of 31 August and 35 percent in the week of 7 September, then hit a lifetime high of Rs 847 on 8 September as investors re-rated it as an aerospace and defence platform.
It jumped 10 percent on 22 September to Rs 1,195 and kept rising after the fighter aircraft wing tender win on 23 September and news of a Rs 214.70 crore preferential issue. It touched Rs 1,339 in the week of 5 October and closed at Rs 1,294.30. The Raymond share price target scenarios below account for that move.
Key Catalysts for the Raymond Share Price Target in 2026
4 catalysts matter most for the Raymond share price target, and sector tailwinds in Aerospace, defence and precision engineering are part of the case. Together they decide whether the base case is reached.
1. Aerospace Order Book
The order book is above Rs 5,960 crore over ten years. Steady conversion gives revenue visibility. If it plays out, the Raymond share price target moves toward the top of the base range.
2. Aerospace Margin
Aerospace EBITDA margin is 21.2 percent on revenue of Rs 123 crore, up 40 percent. Growth in this unit lifts group margin. Strength here would support the upper end of the Raymond share price target.
3. Fighter Aircraft Tender
JK Maini Global Aerospace won a tender for wing and centre fuselage structures. It adds a long-cycle defence programme. Delivery on this point keeps the Raymond share price target on track.
4. Net Cash Position
Net cash was Rs 129 crore at June 2026 and a Rs 214.70 crore preferential issue is planned. Funding supports capacity growth. Better news here would lift the Raymond share price target toward the bull case.
What Are the Key Risks to the Raymond Share Price Target?
The main risks are a stretched valuation, execution on the order book, dilution and a sharp reversal after a four-fold rally. Each can pull the Raymond share price target lower.
Stretched Valuation
The stock trades at 135 times trailing earnings and 3 times book after a four-fold rise. A bear case EPS of Rs 18 at 32 times would put the price near Rs 576. If it materialises, the Raymond share price target would slip toward the bear case.
Order Book Execution
Revenue depends on delivery schedules over ten years. Delays would defer revenue. This is the main downside risk to the Raymond share price target.
Preferential Dilution
The proposed Rs 214.70 crore issue adds shares. Pricing and size matter for existing holders. A worsening here would cut the Raymond share price target toward the low end of the range.
Volatility
The stock moved 35 percent in one week in September and fell 3 percent on 7 October. Big swings can repeat in either direction. Watch it closely, because it can pull the Raymond share price target lower quickly.
Raymond Stock Analysis: Support and Resistance Levels for the Share Price Target
Raymond stock analysis on weekly charts shows a wide range of Rs 937 to Rs 1,339 since mid-September, with the stock near the upper end.
The first support level is Rs 1,198, the low of the week of 5 October, followed by Rs 1,142 from the week of 28 September. Below that, Rs 970 and Rs 937 mark the lows of the weeks of 21 and 14 September.
The first resistance level is Rs 1,339, the 52-week high of the week of 5 October. Above that there is no historical resistance, as the stock is at lifetime highs. These levels come from weekly price action, are not trade recommendations, and frame the near-term Raymond share price target.
Raymond Share Price Target 2026, 2027 and 2030: Short, Medium and Long Term
Short-Term Raymond Share Price Target (3 to 6 Months)
In the near term the stock is likely to trade between Rs 1,142 and Rs 1,339. A close above Rs 1,339 would open a new high, while a weekly close under Rs 1,142 would put Rs 970 in play. The Q2 FY27 results and the preferential issue terms are the main triggers. This range anchors the near-term Raymond share price target.
12-Month and 2027 Raymond Share Price Target
The 12-month target price is Rs 1,134 to Rs 1,404, valued on 42 to 52 times FY28 EPS of Rs 27. The range across scenarios runs from Rs 576 in the bear case to Rs 2,160 in the bull case.
Long-Term Raymond Share Price Target for FY29 to 2030
For FY29 to 2030 the Univest scenario range is Rs 1,444 to Rs 2,400. This assumes EPS of Rs 38 in FY29 and Rs 50 in FY30 and a multiple of 38 to 48 times. It needs the Rs 5,960 crore aerospace order book to convert on schedule and Precision Technology to keep growing double digits. This is the long-term Raymond share price target in the Univest scenarios.
Bull Case and Bear Case for Raymond Share Price Target
Bull Case Rs 1,872 to Rs 2,160
The bull case of Rs 1,872 to Rs 2,160 for the Raymond share price target needs EPS of Rs 36 and the market to pay 52 to 60 times for it. It is +44.6% to +66.9% from the last close.
Bear Case Rs 576 to Rs 720
The bear case of Rs 576 to Rs 720 for the Raymond share price target equals 32 to 40 times FY28 EPS of Rs 18 and sits above the Rs 320 low. It is -55.5% to -44.4% from the last close.
Is Raymond a Good Buy at Rs 1,294? Raymond Buy or Sell View
Whether Raymond is a buy at Rs 1,294.30 depends on horizon and risk appetite. The base case sits between 12 percent below and 8 percent above the current price, the stock is near its high after a four-fold rise, and the open question is whether earnings can catch up. The Raymond share price target range is the starting point for that decision.
Long-term holders may focus on order book conversion, aerospace margin and dilution, and treat Rs 1,142 as the level to watch. Short-term traders may prefer to wait for a close above Rs 1,339. Check institutional holding in the September quarter filing for signs of accumulation or selling. Consult a SEBI-registered advisor before acting, since this Raymond buy or sell view is educational.
How to Invest in Raymond Shares
Step 1: Check the live price, valuation and the latest Raymond share price target range on the Univest Screener.
Step 2: Open a demat and trading account with a SEBI-registered broker such as Univest before acting on any Raymond share price target.
Step 3: Search for RAYMOND on the NSE or 500330 on the BSE in your trading app.
Step 4: Place a limit order near your planned entry and size the position so a fall to Rs 576 is bearable.
Step 5: Track order conversion, aerospace margin and Q2 FY27 results and set price alerts on the Univest App to follow any change in the Raymond share price target.
Conclusion
Raymond closed at Rs 1,294.30 against a Univest base case share price target of Rs 1,134 to Rs 1,404, a bull case of Rs 1,872 to Rs 2,160 and a bear case of Rs 576 to Rs 720. Q1 FY27 delivered profit up 50 percent with aerospace revenue up 40 percent and an order book above Rs 5,960 crore. The main risks are a stretched valuation, execution and dilution.
The stock is 3.3 percent below its 52-week high, so the base case sits between 12 percent below and 8 percent above the current price. The triggers to watch are order conversion, aerospace margin and Q2 FY27 results and the Rs 1,142 and Rs 1,339 levels. Re-check the Raymond share price target after each quarterly result. Investors with a long horizon and tolerance for volatility can track these triggers, while others may prefer to size positions carefully.
Download the Univest iOS App or Univest Android App to track Raymond live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Raymond Share Price Target 2026
What is the Raymond share price target for 2026?
Ans. The Raymond share price target for 2026 is Rs 1,134 to Rs 1,404 in the Univest base case, with a bull case of Rs 1,872 to Rs 2,160 and a bear case of Rs 576 to Rs 720. No brokerage target was available on the sources we track as of 6 October 2026, so these are Univest research scenarios. These are estimates and can change after the Q2 FY27 results.
What is the Raymond share price target for 2027?
Ans. The Raymond share price target for 2027 is Rs 1,134 to Rs 1,404 in the base case, valued on 42 to 52 times FY28 EPS of Rs 27. The scenario range runs from Rs 576 to Rs 2,160.
Is Raymond a good buy at Rs 1,294.30?
Ans. Whether Raymond is a good buy at Rs 1,294.30 depends on your horizon, risk appetite and how you read the Raymond share price target. Aerospace growth and the order book are strong, but a four-fold rally has left the stock at 135 times trailing earnings. Consult a SEBI-registered advisor before investing.
What are the key risks to the Raymond share price target?
Ans. The key risks to the Raymond share price target are stretched valuation, order book execution, preferential dilution and volatility. The stock trades at 135 times trailing earnings and 3 times book after a four-fold rise. A bear case EPS of Rs 18 at 32 times would put the price near Rs 576.
What are the key catalysts for the Raymond share price target?
Ans. The key catalysts for the Raymond share price target are aerospace order book, aerospace margin, fighter aircraft tender and net cash position. The order book is above Rs 5,960 crore over ten years. Steady conversion gives revenue visibility.
Where can I track Raymond share price today and Raymond share price target updates?
Ans. You can track the live Raymond share price, results and any change to the Raymond share price target on the Univest Screener and the Univest App. Download the Univest iOS App or Univest Android App for research from SEBI-registered analysts.
What are Raymond’s 52-week high and low?
Ans. Raymond’s 52-week high is Rs 1,339.00 and its 52-week low is Rs 320.00, based on weekly NSE data. At Rs 1,294.30 the stock is 3.3 percent below the high and 304.5 percent above the low. Both levels frame the Raymond share price target.
How to buy Raymond shares?
Ans. Open a demat account with a SEBI-registered broker such as Univest, search for RAYMOND on the NSE or 500330 on the BSE, and place a limit order near your entry price, using the Raymond share price target range as a guide. Size the position so a fall to Rs 576 is bearable, and check the live price on the Univest Screener first.
