Raymond share price rally 8% as aerospace subsidiary wins multi-programme orders
According to the company’s filing, the new business covers more than 300 part numbers across precision-machined, casting and structural components for multiple aircraft applications. Annual volumes are expected to exceed 37,000 components, translating into an estimated annual business potential of around Rs 33 crore at expected production rates.
Production under the new programmes is scheduled to commence progressively during 2026 and 2027.
The order win strengthens Raymond’s presence across several segments of the aerospace manufacturing value chain, including precision machining, aerospace castings, structural components and complex assemblies.
The company said the broader scope allows it to participate in multiple stages of aerospace manufacturing rather than being concentrated in a single area.
Commenting on the development, Rakesh Tiwary, Group Chief Financial Officer, Raymond Limited, said the order win is aligned with the company’s strategy of optimising its product mix and improving margins.
According to Tiwary, the latest award demonstrates Raymond’s manufacturing capabilities across machining, castings, structures and assemblies. The broader product portfolio is expected to increase the company’s value capture per programme while strengthening its multi-year order backlog.The development also marks an expansion of Raymond’s customer base within India’s growing domestic aerospace ecosystem, a segment where the company’s aerospace business has historically been predominantly export-led.
Raymond stock performance
Raymond shares gained around 25% over the past week and nearly 69% over the last month, according to exchange data.
Following Tuesday’s rally, Raymond’s market capitalisation stood at approximately Rs 6,677 crore, while the stock’s 52-week high is Rs 1,084.90.
With the latest gain, the stock is trading close to its 52-week peak, reflecting the strong momentum witnessed in the counter.
On the valuation front, Raymond currently trades at a price-to-earnings (P/E) ratio of 180.09, while its price-to-book (P/B) ratio stands at 2.14.
From a technical perspective, the stock continues to show strong momentum. Raymond is currently trading above all eight key simple moving averages (SMAs), ranging from the 5-day SMA to the 200-day SMA.
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The combination of a fresh aerospace order win, strong recent price momentum and improving participation in India’s domestic aerospace manufacturing ecosystem has placed Raymond stock firmly in focus among investors.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
