Radico Khaitan Ltd

Radico Khaitan Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Radico Khaitan Ltd

₹ 2,499 -2.33%
21 May 9:33 a.m.
radicokhaitan.com BSE: 532497 NSE: RADICO
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 Leadership
The 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]

Website BSE NSE
  • Market Cap ₹ 33,439 Cr.
  • Current Price ₹ 2,499
  • High / Low ₹ 2,666 / 1,429
  • Stock P/E 96.8
  • Book Value ₹ 201
  • Dividend Yield 0.12 %
  • ROCE 16.2 %
  • ROE 13.6 %
  • Face Value ₹ 2.00
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Pros

Cons

  • Stock is trading at 12.7 times its book value
  • Company has a low return on equity of 11.7% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Alcoholic Beverages Industry: Breweries & Distilleries

Part of BSE 500 BSE Fast Moving Consumer Goods Nifty 500 BSE SmallCap Nifty FMCG

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
813 757 761 792 832 954 925 1,161 1,079 1,137 1,116 1,294 1,304
733 665 671 695 753 834 804 1,018 956 988 953 1,110 1,126
Operating Profit 80 93 90 97 79 120 121 143 123 149 163 184 178
OPM % 10% 12% 12% 12% 9% 13% 13% 12% 11% 13% 15% 14% 14%
2 4 1 3 1 1 1 5 2 4 1 1 1
Interest 2 3 4 6 9 12 12 18 17 18 17 20 22
Depreciation 16 17 17 17 20 24 26 32 32 33 36 36 36
Profit before tax 63 77 70 76 51 84 83 98 77 101 112 130 122
Tax % 26% 24% 26% 25% 27% 25% 26% 25% 26% 25% 27% 26% 25%
46 58 52 57 37 63 62 74 57 76 82 96 91
EPS in Rs 3.47 4.36 3.88 4.27 2.79 4.73 4.63 5.52 4.25 5.71 6.14 7.17 6.78
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,378 1,400 1,643 1,657 1,797 2,063 2,395 2,374 2,859 3,133 4,106 4,851
1,182 1,220 1,452 1,444 1,526 1,713 2,023 1,965 2,457 2,775 3,599 4,177
Operating Profit 196 180 191 214 270 351 372 409 402 359 507 674
OPM % 14% 13% 12% 13% 15% 17% 16% 17% 14% 11% 12% 14%
34 36 36 18 26 13 -15 20 11 9 9 5
Interest 85 90 85 81 69 36 32 22 13 22 60 74
Depreciation 39 38 43 42 41 42 53 54 65 71 114 140
Profit before tax 106 87 99 109 187 286 273 353 335 275 342 465
Tax % 33% 22% 26% 26% 34% 34% 17% 23% 25% 26% 25% 26%
71 68 73 80 123 188 228 271 252 204 256 345
EPS in Rs 5.36 5.08 5.52 6.02 9.26 14.10 17.04 20.26 18.86 15.29 19.13 25.80
Dividend Payout % 15% 16% 14% 13% 11% 9% 12% 12% 16% 20% 16% 16%
Compounded Sales Growth
10 Years: 13%
5 Years: 15%
3 Years: 19%
TTM: 18%
Compounded Profit Growth
10 Years: 17%
5 Years: 7%
3 Years: 11%
TTM: 35%
Stock Price CAGR
10 Years: 40%
5 Years: 53%
3 Years: 45%
1 Year: 51%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 12%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 27 27 27 27 27 27 27 27 27 27 27 27
Reserves 754 803 937 1,003 1,115 1,288 1,494 1,737 1,960 2,125 2,351 2,664
904 849 960 799 592 337 400 288 202 754 818 750
332 411 390 392 498 581 540 543 555 762 846 1,135
Total Liabilities 2,017 2,089 2,313 2,221 2,232 2,233 2,460 2,595 2,744 3,668 4,042 4,576
570 573 729 704 685 714 743 810 821 1,213 1,657 1,767
CWIP 8 1 2 2 20 16 18 38 30 327 54 23
Investments 108 98 205 205 205 155 155 155 135 135 135 135
1,330 1,418 1,376 1,309 1,321 1,347 1,543 1,592 1,757 1,993 2,195 2,651
Total Assets 2,017 2,089 2,313 2,221 2,232 2,233 2,460 2,595 2,744 3,668 4,042 4,576

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
137 250 -39 252 316 309 60 370 221 224 183 362
-141 -83 84 3 -21 -7 -67 -76 -108 -684 -243 -171
3 -172 -87 -234 -293 -226 9 -183 -134 482 24 -237
Net Cash Flow -1 -5 -42 21 2 76 2 111 -21 22 -36 -46

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 139 125 136 137 128 114 125 107 96 96 87 89
Inventory Days 118 164 202 199 231 270 209 283 234 292 211 142
Days Payable 71 95 129 125 159 183 148 151 102 112 71 41
Cash Conversion Cycle 185 194 209 211 201 201 187 239 228 277 226 190
Working Capital Days 224 214 173 142 143 130 146 147 133 124 110 108
ROCE % 12% 11% 10% 10% 14% 19% 18% 19% 16% 12% 13% 16%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
40.27% 40.27% 40.27% 40.27% 40.27% 40.26% 40.26% 40.26% 40.26% 40.24% 40.24% 40.23%
18.35% 18.86% 18.94% 18.63% 18.26% 18.18% 19.01% 18.58% 18.82% 18.60% 17.71% 16.95%
20.26% 22.85% 23.23% 23.51% 23.76% 23.92% 23.99% 24.72% 24.47% 24.70% 25.56% 26.77%
21.13% 18.01% 17.57% 17.59% 17.71% 17.63% 16.75% 16.45% 16.44% 16.45% 16.48% 16.04%
No. of Shareholders 1,46,9861,29,0771,25,4731,17,0891,07,4651,15,4301,12,8001,11,7811,14,6811,23,7411,29,5001,30,925

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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