This annual report summarizes Raymond Group's performance in 2017-2018. Some key points: - J.K. Investors (Bombay) Ltd. and J.K. Investo Trade (India) Ltd. are the major shareholders. - Vijaypath Singhania is the chairman and promoter. - Raymond declared a dividend of Rs. 3 per share in the past year. - The company's net profit ratio increased to 3.12% in 2018 from 1.14% in 2017 while return on equity increased significantly to 159.39% from 54.60% driven by higher profit margins and asset turnover.

1. ANNUAL REPORT 2017-2018

2. ABOUT
SHAREHOLDERS
PROMOTERS
DIVIDEND
PUBLIC ISSUE
SHARES
BONUS

3. • Raymond Group is an Indian branded fabric and fashion retailer, it was
incorporated as the Raymond Woollen mill during the year 1925
near Thane Creek.
• Lala Kailashpat Singhania took over The Raymond Woollen Mill in the year
1944. In 1958, the first exclusive Raymond Retail showroom,King's Corner,
was opened at Ballard Estate in Mumbai.
• The Raymond Group within a few years, transformed from being an Indian
textile major to being a global major.
• Raymond manufactures, the world's finest fabrics- from wool to wool-
blended worsted suiting to specialty ring denims as well as high value
shirting.
Introduction about the company

4. Name Equities %
J.K. Investors (Bombay) Ltd. 17,901,248 29.2%
J.K. Investo Trade (India) Ltd. 6,394,876 10.4%
Life Insurance Corp. of India 2,156,939 3.51%
Mirae Asset Global
Investments (India) Pvt Ltd.
1,985,582 3.23%
Reliance Nippon Life Asset
Management Ltd. (Invt Mgmt)
1,399,100 2.28%
Dimensional Fund Advisors LP 1,190,604 1.94%
Tata Asset Management Ltd. 1,164,850 1.90%
Norges Bank Investment
Management
1,100,000 1.79%
J.K. Sports Foundation 792,395 1.29%
Sunitidevi Hospital Trust 691,496 1.13%
Major shareholders of the company

5. Vijaypath Singhania was the chairman and promoter of the
Raymond group of clothing and textiles. He was once been
one of the richest industrialists in India.
Promoters of the company

6. Raymond has declared 16 dividends since May 31, 2001. In
the past 12 months, Raymond Ltd. has declared an equity
dividend amounting to Rs 3.00 per share. At the current
share price of Rs 825.00, this results in a dividend yield of
0.36%.
Dividend declared by Raymond

7. Ex-Date Dividend Amount Dividend Type Record Date
May 22, 2018 3.00 FINAL -
May 25, 2017 1.25 FINAL -
May 26, 2016 3.00 FINAL -
May 27, 2015 3.00 FINAL -
May 30, 2014 2.00 FINAL -
May 24, 2013 1.00 FINAL -
May 16, 2012 2.50 FINAL -
May 18, 2011 1.00 FINAL -
May 30, 2008 2.50 FINAL -
May 30, 2007 5.00 FINAL -
June 6, 2006 5.00 FINAL -
May 30, 2005 4.00 FINAL -
June 14, 2004 5.50 FINAL -
May 23, 2003 4.50 FINAL -
May 29, 2002 0.00 FINAL -
May 21, 2001 0.00 FINAL -

8. Bonus Summary
The last bonus that Raymond had announced was in 1996 in
the ratio of 1:2.The share has been quoting ex-bonus from
October 7, 1996
Announcement Date Bonus Ratio Record Date Ex-Bonus Date
04-09-1996 1:2 31-10-1996 07-10-1996
03-09-1988 1:1 - 29-01-1988

9. Split of shares
Raymond has not split the face value of the share so far.
Buyback of shares
Back in 2001 Jan 15 Raymond has planned to buyback the
company’s share at the maximum price of Rs 160 per equity
share. It decided to buyback up to a maximum of 25
percent of the share capital of the company.

10. ACCOUNTING POLICIES

11. INTANGIBLE ASSETS
• Carried at cost less accumulated amortization and
accumulated impairment losses
• Cost of non monetary assets acquired in exchange of
another non monetary asset is measured at fair value

12. REVENUE RECOGNITION
• Measured at value of consideration received or
receivable.
• Revenue Recognition depends on each of the
following activities of company:
a) Sales of Goods
b) Sales Return
c) Revenue from Services
d) Loyalty Income

13. INVENTORIES
Cost formula used are 'first in first out', 'weighted
average cost' or 'specific identification' whichever is
lower.

14. DEPRECIATION
Property, plant and equipment - straight line method
Other assets - written down value method

16. 2018 2017
Market cap 5106.89
Expenses - turnover 0.97 0.98
EPS 15.98 5.51
P.E 52.07
Industrial PE 49.54
Market price 832.016
NP Ratio 3.12 1.14
Price/Book value 3.8775
Face value 10.00
No. of shares issued 613.808
PAT 91.455
Market related ratio

18. 2018 2017
Total current assets 207555.13 189889.34
Trade receivables 61894.69 71396.41
Total current
liabilities
220507.61 69827.28
Inventories 93687.13 69827.28
Current ratio 0.9412 1.0045
Quick asset ratio 0.5164 0.6352
Cash asset ratio 0.2356 0.2576
Liquidity ratio

19. Solvency Analysis
2018 2017
Debt –Equity ratio :
Debt/equity
(41067.93)/(6138.08)
= 6.6906
(47396.51)/(6138.088)
= 7.7217
Gearing ratio :
Long term debt/(Total
assets)
(41067.93)/(399387.79-
(74782.10+54106.5+79507
.72+3758.85+8352.44))
= 0.2295
(47396.51)/(360619.51-
(81223.34+40006.78+5473
9.60+3910.97+9142.67))
= 0.2762
Financial leverage :
Total assets/ Equity capital
(399387.79-
(74782.10+54106.5+79507
.72+3758.85+8352.44))/(6
138.08)
= 28.54
(360619.51-
(81223.34+40006.78+5473
9.60+3910.97+9142.67))/(
6138.08)
= 30.51

20. Efficiency Ratio’s
RATIO 2018 2017
ASSET TURNOVER RATIO 1.718 1.506
DEBTORS TURNOVER RATIO 4.706 4.09
DEBTORS COLLECTION PERIOD 78 DAYS 89 DAYS
INVENTORY TURNOVER RATIO 1.508 1.825

21. DuPont ANALYSIS
ROE = PROFIT MARGIN*ASSET TURNOVER*FINANCIAL
LEVERAGE
PERIOD
ENDED
ROE PROFIT
MARGIN
ASSET
TURNOVER
FINANCIAL
LEVERAGE
2018 159.39 3.12 1.79 28.54
2017 54.60 1.14 1.57 30.51

22. CASH FLOW
STATEMENT

23. THANKYOU