Raymond Realty
The company started phase 1 of the real estate business in Feb 2019.It has planned development of 20 acres of residential development − Phase 1: ~14 acres of development
Total 10 towers with ~2.7 mn sq. ft of saleable area Total units planned for sale: 2,976.
Cumulative bookings of 1,173 units till Dec-20
The company received ~Rs.1610 crs as booking value in Real estate in FY23.[3] In total , Raymond received total booking value of ~ ₹3,900 Cr. within 4 years of launch
Debt Reduction
The company reduced its debt by ~Rs. 400 crs to Rs. ₹689 crs. as of FY23.
PROS
Company has delivered good profit growth of 37.4% CAGR over last 5 years
Debtor days have improved from 62.0 to 33.1 days.
Company's working capital requirements have reduced from 71.5 days to 55.3 days
The company started phase 1 of the real estate business in Feb 2019.It has planned development of 20 acres of residential development − Phase 1: ~14 acres of development
Total 10 towers with ~2.7 mn sq. ft of saleable area Total units planned for sale: 2,976.
Cumulative bookings of 1,173 units till Dec-20
The company received ~Rs.1610 crs as booking value in Real estate in FY23.[3] In total , Raymond received total booking value of ~ ₹3,900 Cr. within 4 years of launch
Debt Reduction
The company reduced its debt by ~Rs. 400 crs to Rs. ₹689 crs. as of FY23.
PROS
Company has delivered good profit growth of 37.4% CAGR over last 5 years
Debtor days have improved from 62.0 to 33.1 days.
Company's working capital requirements have reduced from 71.5 days to 55.3 days
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.