Author: Aadarsh Patel | EQMint

 

Raymond Limited reached a new 52-week and post-demerger record high of Rs 925.00 in morning trade on September 11, 2026, as investors continued to track the company’s transformation into a focused engineering platform.

 

The stock touched Rs 925.00, rising 8.33% from Thursday’s close of Rs 853.85 and moving above the earlier lifetime high of Rs 869.00 recorded during the week. The company’s Aerospace & Defence business has also reported strong growth, with revenue rising 40.4% year-on-year in Q1 FY27.

 

Raymond Limited Share Price Today

Raymond Limited shares reached Rs 925.00 in morning trading on Friday, September 11, establishing a new post-demerger and 52-week record high.

 

The intraday peak was 8.33% above the previous close of Rs 853.85. The stock also moved 6.44% above the Rs 869.00 lifetime high recorded earlier in the week.

 

The market milestone comes as Raymond operates as a more focused engineering company following the separation of its lifestyle and real estate businesses into independent listed companies. The remaining Raymond Limited is centered on two engineering verticals: Aerospace & Defence and Precision Technology & Auto Components.

 

Raymond Aerospace & Defence Business Growth

Raymond’s Aerospace & Defence segment generated revenue of Rs 123 crore in Q1 FY27, compared with Rs 87 crore in the corresponding period a year earlier, representing year-on-year growth of 40.4%.

 

EBITDA for the segment increased 25.4% to Rs 26 crore, while the business delivered an EBITDA margin of 21.2%.

 

The Aerospace & Defence segment contributed approximately 19.6% of Raymond’s consolidated total income of Rs 628 crore during the quarter, based on the reported figures.

 

Raymond Aerospace Order Book

Raymond’s Aerospace & Defence platform has an order book of more than Rs 5,960 crore across a 10-year contract horizon. The company also has an active request-for-quotation pipeline of Rs 1,632 crore.

 

The business currently has more than 2,000 active drawings and the capacity to introduce more than 100 new engine SKUs every year.

 

Raymond’s aerospace platform manufactures more than 1,300 aero-engine components, including more than 350 components associated with the CFM LEAP engine family. It serves more than 25 aerospace customers.

 

The company’s strategic focus is also shifting from build-to-print components towards complex assemblies, specialised processes, and design-to-build solutions.

 

Safran and Pratt & Whitney Agreements

Raymond’s aerospace platform has strengthened its participation in global aerospace programs through agreements with major engine manufacturers.

 

Maini Precision Products, which is now part of Raymond’s engineering platform, signed a five-year MOU/long-term agreement with Safran Aircraft Engines covering machined assemblies used in CFM LEAP engine combustors.

 

Raymond has also described a long-term supply agreement with Pratt & Whitney covering precision-machined and assembled aerospace components.

 

These arrangements are commercial agreements and should not be interpreted as aerospace joint ventures.

 

Raymond Defense Business Moves Towards Production

Raymond’s defense business is moving beyond qualification towards production.

 

The company has disclosed its maiden build-to-spec order from a leading defense-aerospace OEM for specialized onboard storage systems. It has also started mass production of precision components for a leading defense OEM.

 

The identities of the customers and contract values have not been disclosed.

 

Raymond has appointed former Bharat Electronics chairman and managing director Bhanu Prakash Srivastava as CEO–Defence. His mandate includes expanding the business beyond precision manufacturing into defense electronics, software, and systems integration.

 

Raymond Aerospace Manufacturing Facility

Raymond’s next phase of aerospace expansion is supported by capacity investments.

 

JK Maini Global Aerospace is progressing an advanced aerospace manufacturing facility in Andhra Pradesh. The project has been reported at Rs 510 crore across approximately 47 acres and has the potential to create around 1,400 jobs.

 

According to Raymond’s Q1 FY27 investor presentation, commercial production at the facility remains on track for late 2027.

 

Defense Budget Provides Policy Support

India’s FY2026–27 defense budget has earmarked Rs 1.39 lakh crore, equivalent to 75% of the capital-acquisition budget, for procurement from domestic defense industries, including private-sector participants.

 

The policy environment provides a supportive backdrop for India’s defense indigenization efforts and could benefit domestic defense manufacturers. However, this should not be considered a guarantee of orders or future business for Raymond.

 

Raymond Limited: What Is Driving Investor Interest?

Raymond’s new record high comes as the company transitions from a diversified legacy group into a more focused engineering platform.

 

Several factors are supporting investor attention, including strong aerospace & defense revenue growth, a 21.2% segment EBITDA margin, a long-duration aerospace order book, global customer agreements, initial defense production milestones, and planned capacity expansion.

 

The company’s engineering businesses also have an international presence, serving customers across more than 60 countries, with exports contributing more than half of total business.

 

Key Risks for Raymond Investors

While Raymond’s Aerospace & Defence opportunity remains significant, future performance will depend on execution.

 

Key factors include converting RFQs into firm orders, successful customer qualification, program ramp-up, availability of imported materials, commissioning of the Andhra Pradesh facility, and the returns generated from R&D and growth capital.

 

The recent rise in the share price and the new record high should therefore not be viewed as a guarantee of future returns.

 

Raymond Limited Share Price: Key Highlights

Metric	Latest Figure
New Record High	Rs 925.00
Previous Close	Rs 853.85
Gain at Record High	8.33%
Earlier Lifetime High	Rs 869.00
Aerospace & Defense Q1 FY27 Revenue	Rs 123 crore
Aerospace & Defense Revenue Growth	40.4% YoY
Aerospace & Defense EBITDA	Rs 26 crore
Aerospace & Defense EBITDA Margin	21.2%
Aerospace Order Book	Rs 5,960+ crore
Order Book Horizon	10 years
RFQ Pipeline	Rs 1,632 crore

Raymond Limited: What Next?

Raymond’s transformation into a focused engineering company gives its aerospace & defense and precision technology & auto components businesses greater importance to the company’s future growth.

 

The more than Rs 5,960 crore aerospace order book, 10-year program visibility, global customer relationships, and planned manufacturing capacity provide measurable growth visibility. At the same time, the company’s ability to execute these programs and convert its pipeline into sustainable revenue and profitability will remain critical.

 

 

The Rs 925 record high reflects increased market attention towards this transformation, but investors should assess the company’s financial performance, valuation, execution capabilities, and broader market conditions before making investment decisions.

 

EQMint Take

Raymond Limited’s new post-demerger record high highlights the market’s growing focus on its transformation into a specialized engineering platform.

 

The Aerospace & Defence business is showing strong momentum, with Q1 FY27 revenue growing 40.4% year-on-year and an order book exceeding Rs 5,960 crore across a 10-year horizon. Its relationships with global aerospace customers, early defense production wins, and planned manufacturing expansion add to the long-term growth opportunity.

 

However, the outlook remains execution-dependent. Converting the RFQ pipeline into firm orders, ramping up production, commissioning new capacity, and generating attractive returns on growth investments will be important in determining whether the current market re-rating can be sustained.

 

The Rs 925 price represents a live-market snapshot from September 11, 2026, and share prices can change during the trading session. Historical share-price performance is not a forecast of future returns. This article is for informational purposes and is not investment advice.

 

 

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