Raymond Limited touched a day high of Rs 608.95 on 23 June before slipping, after reports surfaced of talks to acquire German firm Deharde.

The news comes straight from sources. Raymond itself declined to confirm the deal, telling the channel it does not comment on market speculation.

Deharde had not responded to queries at the time of publishing. It is a specialist German engineering company that makes high-precision components for the global aerospace industry.

Getting into Airbus and Boeing’s supply chain typically takes years of rigorous testing and certification. Buying a company that is already a qualified supplier cuts that queue entirely.

This acquisition did not come out of nowhere. Earlier this year, Raymond raised Rs 330 crore through a preferential share issue and had specifically set aside Rs 248 crore of that for acquisitions.

The company had already told investors it was targeting aerospace and space tech as its next big bet. Deharde fits that brief precisely.

Raymond has been quietly building an engineering business alongside its better-known lifestyle and real estate arms. The company is net debt free, ending the last fiscal with a net cash surplus of Rs 68 crore.

In Q4 FY26, revenue grew 8.2% year-on-year to Rs 603 crore, while EBITDA jumped 26.2% to Rs 75.7 crore, driving a 200 basis point expansion in EBITDA margins.

At 14:37 pm on NSE, RAYMOND was trading at Rs 592.30, down 1.36% on the day. Despite today’s dip, the stock has gained 6.3% over the past month and is up nearly 40% so far in 2026, though it remains below its 52-week high of Rs 783.90.

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