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Radico Khaitan Ltd

₹ 3,2072.52%
07 Jan – close price
🔗radicokhaitan.com•BSE: 532497•NSE: RADICO
Market Cap₹ 42,822 Cr.
Current Price₹ 3,207
High / Low₹ 3,695
Stock P/E92.2
Book Value₹ 218
Dividend Yield0.12 %
ROCE16.2 %
ROE13.6 %
Face Value₹ 2.00
Sales₹ 5,598 Cr.
OPM14.8 %
Mar Cap₹ 42,822 Cr.

ABOUT

Incorporated in the year 1943, Radico Khaitan is one of the most recognised IMFL (Indian Made Foreign Liquor) brands in India.[1]The company was initially known as Rampur Distillery Company and was focussed on distillation and bottling for branded players and canteen stores of armed forces.Later on in the year 1997, Radico Khaitan ventured into its own branded IMFL products and launched its first brand 8PM whisky which became its millionarie brand within a year of its launch.[2]

KEY POINTS

Market LeadershipThe company is one of the oldest and largest manufacturers of Indian Made Foreign Liquor (IMFL), a leading supplier of branded IMFL to the Canteen Stores Department (CSD) in India, and the country's oldest and largest malt distiller.[1]It is also one of the largest exporters of Alcoholic beverages from India to 102+ countries.[2]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.United Spirits1377.8058.45100207.120.87464.0042.563173.0011.5726.5012658.0018.341714.40486.1211.9212.340.05
2.Radico Khaitan3207.3092.2442821.850.12138.9669.071493.9333.8316.245598.2914.85464.24138.9614.727.980.21
3.United Breweries1575.30109.5141621.640.6346.34-64.802052.83-3.0213.889240.398.32380.0946.529.596.030.18
4.Allied Blenders531.9057.9014879.130.6862.9235.22990.0614.1121.083807.5112.86256.9864.319.556.290.68
5.Tilaknagar Inds.452.3041.0211175.840.2252.68-9.53398.226.2328.191553.6018.89272.4752.684.7320.260.02
6.India Glycols1001.7025.876704.690.5065.0630.881092.2013.6312.353971.0814.53259.1465.062.594.040.86
7.Piccadily Agro604.1054.225950.250.0026.728.32212.2114.7622.68863.6422.86109.7526.697.3910.870.40
–Median: 23 Co.292.338.691770.110.1219.50.0212.213.5713.25863.648.5555.6519.53.086.290.43

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
7921,1611,2949541,1371,5068321,0791,3047619251,1161,494
Expenses
6951,0181,1108349881,2747539561,1266718049531,256
Operating Profit
971431841201492327912317890121163238
Other Income
35111-21211112
Profit before tax
76981308410117851771227083112186
Tax %
25%25%26%25%25%25%27%26%25%26%26%27%25%
Net Profit
5774966376133375791526282139
EPS in Rs
4.275.527.174.735.719.962.794.256.783.884.636.1410.38

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
1,3781,4001,6431,6571,7972,0632,3952,3742,8593,1334,1064,8435,598
Expenses
1,1821,2201,4521,4441,5261,7132,0231,9652,4572,7753,5994,1684,767
Operating Profit
196180191214270351372409402359507674831
Other Income
343636182613-1520119952
Interest
85908581693632221322607473
Depreciation
39384342414253546571114140145
Profit before tax
1068799109187286273353335275342465615
Net Profit
71687380123188228271252204256345459
EPS in Rs
5.365.085.526.029.2614.1017.0420.2618.8615.2919.1325.8034.29
Dividend Payout %
15%16%14%13%11%9%12%12%16%20%16%16%–

Compounded Profit Growth

10 Years:17%
5 Years:7%
3 Years:11%
TTM:61%

Compounded Sales Growth

10 Years:13%
5 Years:15%
3 Years:19%
TTM:25%

Return on Equity

10 Years:13%
5 Years:13%
3 Years:12%
Last Year:14%

Stock Price CAGR

10 Years:39%
5 Years:45%
3 Years:44%
1 Year:28%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
27272727272727272727272727
Reserves
7548039371,0031,1151,2881,4941,7371,9602,1252,3512,6642,890
Borrowings
904849960799592337400288202754818750624
Other Liabilities
3324113903924985815405435557628461,1631,236
Total Liabilities
2,0172,0892,3132,2212,2322,2332,4602,5952,7443,6684,0424,6054,777
Fixed Assets
5705737297046857147438108211,2131,6571,7671,773
Gross Block
820.65870.48772.33787.34803.45867.99936.651,054.821,124.861,547.672,097.622,340.92–
Accumulated Depreciation
250.15297.7342.9483.52117.96154.05193.22244.92304.26334.64440.63574.34–
CWIP
81222016183830327542370
Investments
10898205205205155155155135135135135135
Other Assets
1,3301,4181,3761,3091,3211,3471,5431,5921,7571,9932,1952,6792,798
Total Assets
2,0172,0892,3132,2212,2322,2332,4602,5952,7443,6684,0424,6054,777

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
137250-3925231630960370221224166362
Cash from Investing Activity
-141-83843-21-7-67-76-108-684-226-171
Cash from Financing Activity
3-172-87-234-293-2269-183-13448224-237
Net Cash Flow
-1-5-42212762111-2122-36-46

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
13912513613712811412510796968789
Inventory Days
118164202199231270209283234292211246
Days Payable
7195129125159183148151102112123148
Cash Conversion Cycle
185194209211201201187239228277175187
Working Capital Days
1171063620447685104109756772
ROCE %
12%11%10%10%14%19%18%19%16%12%13%16%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
40.27%40.27%40.27%40.26%40.26%40.26%40.26%40.24%40.24%40.23%40.23%40.21%
FIIs
18.94%18.63%18.26%18.18%19.01%18.58%18.82%18.60%17.71%16.95%17.77%18.00%
DIIs
23.23%23.51%23.76%23.92%23.99%24.72%24.47%24.70%25.56%26.77%25.96%25.48%
Public
17.57%17.59%17.71%17.63%16.75%16.45%16.44%16.45%16.48%16.04%16.03%16.31%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Radico Khaitan Board Meeting on May 6 to Discuss FY26 Results and Dividend

16th April 2026, 4:56 pm

Radico Khaitan Files Routine SEBI Compliance Certificate

6th April 2026, 11:55 pm

Radico Khaitan to Close Trading Window from April 1, 2026, for Financial Results Announcement

25th March 2026, 12:43 am

Radico Khaitan: Trading Window to Close from April 1st for Financial Results

24th March 2026, 9:50 pm

Radico Khaitan to Hold Investor Meeting with Sundaram Mutual Fund on March 25

20th March 2026, 4:38 pm

Published by Other Websites

External media mentions & references

Radico Khaitan Fuels Growth With Premium Liquor Push

12th April 2026, 1:02 pm

Cork Giant Amorim Bets Big on India's Booming Spirits Market

11th April 2026, 8:17 am

India's Glass Makers Crack Under Gas Shortage

10th April 2026, 8:38 am

Indian Beverages Face Price Hikes as Costs Bite, Rules Split Sector

6th April 2026, 5:12 pm

Geopolitics Hits India: Motilal Oswal Lists 21 Top Stock Picks

2nd April 2026, 11:54 am

News Articles

Editorial & research coverage

FMCG Stocks Tumble 6% on Slowing Demand, ITC Leads Slide
FMCG Stocks Tumble 6% on Slowing Demand, ITC Leads Slide

12th February 2026, 12:01 pm

India's Spirits Industry Faces Imports Amid Tariff Cuts
India's Spirits Industry Faces Imports Amid Tariff Cuts

7th February 2026, 8:28 pm

India AlcoBev: FTA Catalyzes Premium Shift, USL Leads Amidst Valuation Concerns
India AlcoBev: FTA Catalyzes Premium Shift, USL Leads Amidst Valuation Concerns

4th February 2026, 4:55 pm

STT Hike Rattles India Markets; MOFS Picks Nifty Leaders
STT Hike Rattles India Markets; MOFS Picks Nifty Leaders

2nd February 2026, 2:59 pm

India Budget 2026: FMCG Sector Gets Boost, Sin Goods Face Hikes
India Budget 2026: FMCG Sector Gets Boost, Sin Goods Face Hikes

1st February 2026, 2:22 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

2d - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Announcement under Regulation 30 (LODR)-Press Release / Media Release

23 Dec - Dec 23, 2025 India rollout of Kohinoor Reserve triple-aged rum; prices UP ₹4,350; Karnataka ₹4,635; Delhi ₹3,750

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2013

(from nse)

Financial Year 2012

(from bse)

Credit Ratings

Rating update

9 Jul 2025 from care

Rating update

18 Jun 2024 from care

Rating update

29 Aug 2023 from care

Rating update

20 Jun 2023 from care

Rating update

21 Jun 2022 from care

Rating update

10 May 2022 from care

Concalls

Nov 2025

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Stock Analysis

Description

Radico Khaitan Limited is one of India's oldest and largest manufacturers of Indian Made Foreign Liquor (IMFL), with a significant presence in the spirits industry. Established in 1943, the company has expanded its portfolio to include premium and luxury offerings across various liquor segments and exports to over 100 countries.

Key Growth Triggers

  1. Focus on premiumization strategy with strong growth in 'Prestige & Above' categories.
  2. Successful new product launches and global recognition for premium offerings like Rampur Indian Single Malt Whisky.
  3. Expanding global footprint to over 100 countries and travel retail.
  4. Commitment to achieving debt-free status by FY2027.
  5. Anticipation of over 20% overall volume growth for FY26 and strategic restructuring for operational efficiency.

Order Book

Currently no data available for Order Book.

Key Red Flags

Currently no data available for Key Red Flags.

Key Dates To Watch

  1. January 22, 2026: Presentation for Q3 FY2026 earnings call expected to be released.
  2. January 23, 2026: Q3 FY2026 Earnings Conference Call.

Corporate Announcements

16th Apr 26
Impact Rating: 6
Radico Khaitan announced a Board Meeting scheduled for May 6, 2026. Key agendas include reviewing audited standalone and consolidated financial results for the year ended March 31, 2026, and recommending dividend.
6th Apr 26
Impact Rating: 2
Radico Khaitan Limited has submitted a confirmation certificate under SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026, as provided by its registrar.
24th Mar 26
Impact Rating: 8
Radico Khaitan Limited will close its trading window from April 1, 2026, in compliance with SEBI rules, restricting trading before announcing Q4 and FY26 financial results.
24th Mar 26
Impact Rating: 5
In compliance with SEBI rules, Radico Khaitan Limited announced a closure of its trading window starting April 1, 2026. This restriction lasts until 48 hours after the announcement of its financial results for the quarter and year ended March 31, 2026.
20th Mar 26
Impact Rating: 6
Radico Khaitan Limited will host a one-on-one investor meeting with Sundaram Mutual Fund on March 25, 2026. The company clarified that no Unpublished Price Sensitive Information (UPSI) will be shared during the interaction.