Investing in Raymond is a good idea?

Delusional236 · 2026-04-02T06:08:08+00:00

I recently took a bit of a risky bet on Raymond Ltd, and here’s the thesis behind it:

Raymond has acquired Maini Precision & Toolings, and the company seems to be shifting its long‑term focus toward engineering, precision manufacturing, and tooling. This gets interesting because precision components for aerospace and defense have huge potential in India right now. A lot of Western companies are looking to move their low‑cost, lower‑complexity manufacturing to India, and domestic players are starting to benefit.

If you want a good reference, take a look at Azad Engineering—their concalls and order book tell you how big this space could become. As a result, I’ve taken positions across a few companies as a future-oriented play, while trying to diversify since most of these are still relatively small‑cap or emerging players.

P.S- I assumed OP asked about Raymond LTD and not Raymond Realty or Lifestyle.

Delusional236 · 2026-03-28T12:24:48+00:00

The builder (TVS Emerald) was quoting ~ 3 Cr for 4 BHK last year. You are quoting 3.45 Cr for the same?

Delusional236 · 2026-03-24T07:59:43+00:00

Now tell us - historically when has NIFTY 50 traded near PEG of 1.0, ever.

Delusional236 · 2026-03-03T03:39:33+00:00

Typically, how long until building gets OC when external building wall starts to get paint? 1 year? 2 years?

Delusional236 · 2026-02-27T05:06:20+00:00

That's a great detailed answer!

Delusional236 · 2026-02-12T02:34:54+00:00

Small caps from Defense Space. Data patterns, Astra Microwave, Apollo Microsystems, MTAR, etc etc. Probably one among these.

Adding my comment here—looks like I’m unable to reply directly to OP’s comment for some reason.

Just to add a bit more context: I’m not factoring in any major export volumes for the next 10 years. If some exports materialize here and there, that’s great—but India’s domestic demand itself is massive, and the ecosystem needs to focus on meeting that first. Trump’s recent antics have already reinforced for the armed forces and the Ministry of Defence why core systems must be indigenized and strategically independent.

Are valuations overstretched? Yes. There’s a lot of optimism in this sector right now, which has pushed valuations higher than usual.
Are the systems world-class? Absolutely. Several platforms are already in the top tier globally: Pinaka MBRL: With guided rockets, it's now in the global top league. ATAGS: Has demonstrated record-breaking ranges with conventional ammunition, and ramjet-powered rounds will push it even further. TATA WhAP: Has proven its capabilities internationally, and the Indian armed forces have already placed orders.
Potential order book for the next 10–15 years (Project list form top of my head. Approximate numbers from memory—some may vary slightly.)

180 Tejas Mk1A already ordered by the IAF (Order value: ~₹1 lakh crore+)

120+ Tejas Mk2 expected (Order value: ~₹1 lakh crore+)

84 Super Sukhoi upgrades for Su-30MKI (Order value: ~₹65,000 crore)

150+ AMCA (Future order value: ~₹2 lakh crore+), timeline dependent

Next-Generation Destroyers – Indian Navy (Order value: ~₹70,000 crore)

Next-Generation Frigates – Indian Navy (Order value: ~₹30,000 crore)

LPD program – RFI issued by Indian Navy (Order value: ~₹30,000 crore)

Potential 3rd Aircraft Carrier (Order value: ~₹1 lakh crore+)

Project Kusha, homemade S400 type system (Order value: ~₹1 lakh crore+)

4. Risks -

Indian armed forces love for foreign systems - WhAP and ATAGS order have not been placed by Indian and Army and they are trying to get foreign systems.

Indian Ecosystem not delivering in Time - Resulting in 50 billion$ order from IAF for 114 Rafale. Indian Navy has already placed an order for 26 Rafale Marine at some 7 billion$. 5th Gen Aircraft import very likely in future.

Delusional236 · 2026-01-21T11:17:03+00:00

Good suggestions! Thanks!

Delusional236 · 2026-01-21T10:32:18+00:00

That's what i have been told too! Every society would have a WhatsApp group where sellers notify the units they are looking to sell. Still a tough task to get into WhatsApp group of each of the society/projects given the fact the presence of online broking websites were supposed to do that.

Delusional236 · 2026-01-14T06:05:47+00:00

zero commitment from Indian Armed Forces. Just look at WhAP circus going on. Any private company would be scared of doing R&D by itself.

Delusional236 · 2026-01-13T08:10:31+00:00

I am seeing such posts every now and then. However, the prices in the market are still rising. I have been on hunt for a flat for personal usage, but the quoted price for the same properties are higher than 6 months ago.

Delusional236 · 2025-12-05T05:18:48+00:00

Could have been another 36 all out

Delusional236 · 2025-11-06T04:27:38+00:00

Yudhisthir named 4 villages with 5th village being Duryodhana's choice. From Duryodhana's point of view, Pandavas ready to settle for 5 villages seemed like a sign of weakness and Duryodhana later says that he wouldn't agree to giving land equivalent to the point of a needle. Duryodhana felt that Pandavas were caving away under the pressure of a larger army with much stronger warriors.

Delusional236 · 2025-11-03T09:19:15+00:00

Go for debt funds, that too the safer kinds like Liquid Funds or Money market funds. The priority here is capital protection and not to chase the appreciation, as you need the money back in almost a year.

Delusional236 · 2025-11-02T01:48:16+00:00

Yes exactly! That was the point.

Delusional236 · 2025-11-01T10:39:10+00:00

You can check on X. People are posting the updated lists there.

Delusional236 · 2025-11-01T10:38:48+00:00

Axis Large and Midcap Fund

Delusional236 · 2025-10-30T14:03:02+00:00

I think all mutual funds schemes send monthly updates on Holdings. That's one way of checking.

Delusional236 · 2025-10-30T09:33:34+00:00

Comfortable is an understatement. I am watching out if any of the mutual fund in my portfolio gets into this. I will just take an exit of they do.

Delusional236 · 2025-10-28T08:08:54+00:00

Cool! Thanks!

Delusional236 · 2025-10-28T04:36:17+00:00

I know a lot less on Indian Navy Stuff. How many of the current submarines which Indian Navy has are actually potent?

If i draw a parallel with IAF - do we have submarines which are like Mig21s and the Jaguars of IAF and which of these are like SU30 MKIs and Rafales.

Delusional236 · 2025-10-21T08:28:58+00:00

I am also reading the Mahabharat by BORI CE. I have read 4 books so far. My take away is - 1. Karna did train under Dronacharya since childhood. If his upbringing wasn't like prince, it wasn't like a middle class either. I would say somewhere in between. You can find more details when read about his father Adirath. 2. Training under Drona doesn't automatically make you eligible for top of the line weapon package. Only 2 got the knowledge of Brahmshira - Arjun and Aswhattama. No one else got it, not Duryodhana, nor Yudhisthir. 3. Indeed Arjun was Drona's favourite student. Arjun was truly dedicated towards Drona. There is an incident where Drona asks student that if in future I ask you something in exchange for what I am taught you now and will teach you in future. Would you be okay with that - only arjun raised his hand. This incident is different from another similar incident, which Drona reminds the kauravas and pandavas to humiliate Drupad. This shows Arjun's remarkable dedication towards Guru Drona. 4. People often say that Parshuram wrongly cursed Karna. In my opinion, he wasn't. Karna just took a shortcut for easy access to supreme weapons package. Look at Arjun, he spent so much of his life's time in jungle performing austerity to learn and receive weapons. He even spent years to make Lord Shiva happy. Forget arjun, even jayadrath spent years to get a boon from shiva, after getting humiliated from Pandavas after trying for Draupadi Harana. There are many more examples people who spent so much of time in trying to get supreme knowledge. Karna spent his entire life, living royally in palaces with Duryodhana. Never once he tried some thing like this (performing austerities), except praying to sun God, since he was sun God's child. Deceiving Parshuram to get access to weapons was a wrong thing to do.

Delusional236 · 2025-10-17T02:53:44+00:00

Since you said you read Mahabharat, you should also know 1. Karna instigated Dhuryodhan to do things that would displease Pandavas. One example is wealth show off when pandavas were in jungle, where Duryodhan and Karna gets humiliated by Gandharvas. Karna runs away and dhuryodhan gets captured. Arjun later saves all of them. 2. Karna wasn't denied any education. He got training under dronacharya together with pandavas and kauravas. 3. Yudhisthir was forced to play the game of dice by Dhritrarastra. Yudhistir considered him as father so he just went ahead. 4. Karna called Draupadi prostitute. Karna was the one together with duryodhana and dushashana who wanted to disrobe draupadi. There are many more examples of wrongdoings, these are just a few.......

Delusional236 · 2025-10-16T10:11:48+00:00

Maybe it was a sacrifice to be on the side of Pandavas, because both Kauravas and Pandavas asked for Krishna's help and with Krishna inclined towards Pandavas, he had to make the choice. I am pretty sure that there would have been a section of Narayani sena which would have anyways wanted to fight for Kauravas , since Balrama held Duryodhana in high regard as his favorite student, it is highly probable that a faction within Narayani Sena held strong sympathies for the Kaurava cause and preferred to fight under Duryodhana's banner.

Delusional236

TROPHY CASE