Raymond Lifestyle Limited
RLL is a fashion and retail company with iconic men’s fashion brands and a vast retail network. The company offers fashion products and services with branded textile, apparel brands across formal, casual and ethnic wear. Lifestyle business of RL was ...
Key Metrics
EPS
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Debt/Equity
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Debt/EBITDA
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Operating Cashflow to total debt
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Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Improvement in the operating performance aided by growth in revenue and stable PBILDT margin leading to healthy cash generated from operations.
Maintaining strong financial risk profile with Net Debt/PBILDT less than 1.00x on a sustained basis and surplus liquidity in the form of cash and liquid investments.
Strong parentage, track record of management, and experience in textile business
Dominant position in the worsted suiting fabrics business
Diversified revenue stream with integrated presence across the textile value chain
Widespread distribution network supplemented by asset-light retail strategy
Strong operating performance across all business segments in FY24, however moderated in H1FY25
Healthy financial risk profile
Cons
Increase in leverage, thereby increasing overall gearing above 0.75x on a sustained basis.
Slowdown in demand leading to lower than expected revenue generation and profitability
Liquidity: Strong
Susceptible to commodity price risk and foreign exchange fluctuation risk
Intense competition from organised and unorganised sector in branded apparel segment
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About Raymond Lifestyle Limited bond.
This comprehensive profile covers key factual information about Raymond Lifestyle Limited. RLL is a fashion and retail company with iconic men’s fashion brands and a vast retail network. The company offers fashion products and services with branded textile, apparel brands across formal, casual and ethnic wear. Lifestyle business of RL was demerged and transferred to RLL on June 30, 2024. RLL has 1,592 stores as on September 30, 2024, which includes 1,083 TRS, 46 MTM and 463 EBOs. RLL has 20,000+ SKUs in branded textiles segment and presence across 600+ cities and towns. RLL has a portfolio of brands in its branded apparel segment including Colorplus, Park Avenue, Parx, Ethnix and Sleepz by Raymond. RLL has aggregate capacity of ~120 mn meters of fabric and ~11+ mn garmenting capacity per annum. Garmenting and High Value Cotton Shirting businesses are housed under wholly owned subsidiaries. On a standalone basis RLL is mainly into branded textile and branded apparel. EPS in Mar-2024 was 1479.36. Current ratio in Mar-2024 was 4.92. Debt/Equity in Mar-2024 was 0.05. Debt/EBITDA in Mar-2024 was 0.05. Interest coverage ratio in Mar-2024 was 0.00. Operating Cashflow to total debt in Mar-2024 was -0.85. Total revenue for Mar-2025 (E) was ₹4529.68. Net income for Mar-2025 (E) stood at ₹4373.79. Total assets as of Mar-2024 were ₹2462.84. Operating cash flow for Mar-2024 was ₹-92.34. The company’s borrowing relationships include Bank of India (₹N/A Cr), Bank of Maharashtra (₹N/A Cr), Bank of India (₹N/A Cr), Bank of Maharashtra (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), IDFC First Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), Yes Bank Limited (₹N/A Cr), IDFC First Bank Limited (₹N/A Cr), Bank of India (₹N/A Cr), Bank of Maharashtra (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), IDFC First Bank Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), State Bank of India (₹N/A Cr), Union Bank of India (₹N/A Cr), Yes Bank Limited (₹N/A Cr). Peers and comparison entities consist of Raymond Lifestyle Limited, Page Industries Limited, Safari Industries (India) Limited, Raymond Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Improvement in the operating performance aided by growth in revenue and stable PBILDT margin leading to healthy cash generated from operations.; Maintaining strong financial risk profile with Net Debt/PBILDT less than 1.00x on a sustained basis and surplus liquidity in the form of cash and liquid investments.; Strong parentage, track record of management, and experience in textile business; Dominant position in the worsted suiting fabrics business; Diversified revenue stream with integrated presence across the textile value chain; Widespread distribution network supplemented by asset-light retail strategy; Strong operating performance across all business segments in FY24, however moderated in H1FY25; Healthy financial risk profile. Key risks include: Increase in leverage, thereby increasing overall gearing above 0.75x on a sustained basis.; Slowdown in demand leading to lower than expected revenue generation and profitability; Liquidity: Strong; Susceptible to commodity price risk and foreign exchange fluctuation risk; Intense competition from organised and unorganised sector in branded apparel segment. Leadership team details include Anisha Motwani (Independent Non-Executive Director), Dinesh Kumar Lal (Independent Non-Executive Director), Gautam Hari Singhania (Chairman & Managing Director), Girish Chandra Chaturvedi (Independent Non-Executive Director), Kummamuri Narsimha Murthy (Independent Non-Executive Director), Mahendra Vasantrai Doshi (Independent Non-Executive Director), Priti Nitin Alkari (Company Secretary & Compliance Officer), Rajiv Sharma (Independent Non-Executive Director), Ravindra Dhariwal (Non Executive Non IndependentDirector), Sunil Kataria (Executive Director & CEO), Veneet Nayar (Independent Non-Executive Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.