Raymond's aerospace arm wins multi-programme aerospace orders; shares rally 136% YTD

According to a regulatory filing dated September 11, the Raymond Group company stated that the new aerospace programme spans precision machining, aerospace castings, structural components and complex assemblies, extending its participation across a wider portion of the aerospace value chain.

More precisely, the award covers more than 300 part numbers, including precision-machined, casting, and structural components, across multiple aircraft applications, with annual volumes exceeding 37,000 components.

At expected production rates, this represents annual business potential of approximately ₹33 crore, it further stated.

Raymond added that production will commence progressively across 2026 and 2027.

The firm said that the new orders further strengthen its multi-year aerospace order pipeline and reinforce its strategy of building a scaled, high-precision aerospace and defence manufacturing platform in India.

Commenting on the development, Rakesh Tiwary, Group Chief Financial Officer, Raymond Limited, said: “This order win sits squarely within the product mix optimisation we have identified as a core margin lever.”

He further stated that the award win reaffirms Raymond’s strong manufacturing process, which spans across machining, castings, structures and assemblies, rather than at a single stage of the value chain, raises its capture rate per programme and improves the quality of the multi-year backlog we are building against.

“It also broadens our customer base into India's growing domestic aerospace ecosystem, in a business that has until now been predominantly export-led,” Tiwary added.

Recent update

In a separate regulatory filing dated September 8, Raymond said that its board of directors approved raising funds up to ₹214.71 crore through a preferential allotment on a private placement basis to Minerva Ventures Fund, subject to the necessary statutory and regulatory approvals.

“We wish to inform you that the board of directors of the company at its meeting held today, i.e., September 8, 2026, has, inter alia, approved raising of funds,” the company informed the stock exchanges.

The details of the fundraiser suggest that the company will issue 33,28,686 convertible warrants for cash at an issue price of ₹645 apiece, as per the exchange filing.

Each convertible warrant carries an entitlement to subscribe to one fully paid-up equity share of face value ₹10 each, at an issue price of ₹645/- per share. NSE filings showed that the warrants may be converted into equity shares, in one or more tranches, within a maximum period of 18 months from the date of allotment.

“Unconverted Warrants shall lapse upon the expiry of 18 months, and the upfront consideration paid towards such Warrants shall stand forfeited,” it said.

Raymond stock performance

Shares of Raymond Ltd closed 17.44% higher at ₹1,002.80 per unit on the National Stock Exchange (NSE) on Friday, September 11. During the trading session, the stock surged as much as 20% to hit an all-time high of ₹1,024.50 per equity share. However, the development was announced after the market closed.

The scrip has soared 35% in the past week and 61% over the month. On a year-to-date (YTD) basis, it has rallied 136%. The shares hit a 52-week low of ₹320 apiece on March 30, 2026.

Raymond has a total market capitalisation of ₹6,677.35 crore as of September 11, 2026, according to data on the NSE.