Raymond shares rise on expanding aerospace capabilities with entry into aircraft structures segment

The firm’s subsidiary, JK Maini Global Aerospace, emerged as the successful bidder in a tender conducted by an Indian aerospace and defence OEM for the assembly of wing and centre fuselage structures for a major indigenous fighter aircraft programme.

With this, Raymond marked its entry into the aircraft structures vertical, expanding its capabilities beyond precision manufacturing into complex, higher-value aircraft assemblies.

“This opportunity is strategically much larger than its immediate business potential. It provides Raymond an entry into the high-value aircraft structures segment while maintaining capital efficiency. More importantly, it gives us an opportunity to establish critical execution credentials that can position Raymond’s subsidiaries for participation in larger aerospace programmes in India and globally,” said Rakesh Tiwary, Group CFO, Raymond Group.

Tiwary further added that the company’s focus will be on execution excellence and building this capability into a scalable growth platform.

In a regulatory filing, the firm also said that the programme is envisaged to leverage the customer’s existing infrastructure, enabling Raymond to develop capability and establish execution credentials while maintaining a capital-efficient approach.

Raymond currently has two core businesses within the engineering vertical—Aerospace and Defence & Tools and Auto Components. Its engineering business has forayed into the sunrise sectors of aerospace and defence. The EV components cater to international as well as domestic markets.

The company’s engineering business commands a leadership position in manufacturing files and hand tools and has a significant presence in national and international markets.

Earlier this month, Raymond Group had disclosed that the company’s aerospace subsidiary secured significant new aerospace business from an unnamed leading Indian aerospace and defence company.

The order comprises more than 300 high-precision parts manufactured by Raymond Group, which will be used across multiple aircraft applications, with annual volumes exceeding 37,000 components.

Raymond share price trends

The stock gave up gains and was trading flat in the afternoon session. At 2:40 PM, Raymond shares were trading at ₹1,116.65 apiece on the National Stock Exchange, falling marginally by 0.03%.

From the beginning of the year, Raymond shares have skyrocketed 162%. Over a month’s time, the stock has jumped 77%, while for a six-month period, it has zoomed 221%.

Shares of the firm had hit a 52-week high of ₹1,193.40 on September 22, 2026, and a 52-week low of ₹320 on March 30, 2026.

According to NSE data, as of September 23, 2026, Raymond has a total market capitalisation of ₹7,433.96 crore.