Radico Khaitan Ltd

Radico Khaitan is is engaged in the business of manufacturing and trading of Alcoholic products such as Indian Made Foreign Liquor (IMFL), Alcohol, Country Liquor etc.

  • Market Cap: 5,045 Cr.
  • Current Price: 377.80
  • 52 weeks High / Low 439.15 / 220.00
  • Book Value: 113.87
  • Stock P/E: 21.54
  • Dividend Yield: 0.53 %
  • ROCE: 18.40 %
  • ROE: 17.30 %
  • Sales Growth (3Yrs): 13.06 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 2.00
Edit ratios
Pros:
Company has delivered good profit growth of 26.89% CAGR over last 5 years
Cons:
The company has delivered a poor growth of 11.33% over past five years.
Tax rate seems low
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Alcoholic Beverages // Industry: Breweries & Distilleries

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
448 483 481 516 518 553 510 624 570 648 585 409
382 407 414 425 426 457 438 524 484 545 503 333
Operating Profit 66 76 67 91 92 96 72 99 87 102 82 76
OPM % 15% 16% 14% 18% 18% 17% 14% 16% 15% 16% 14% 19%
Other Income 5 6 10 3 4 3 4 3 -4 -7 -6 2
Interest 18 17 15 11 9 8 8 7 8 8 8 7
Depreciation 10 10 10 10 11 11 11 13 13 13 13 13
Profit before tax 43 55 52 73 76 80 57 82 62 75 54 58
Tax % 33% 36% 34% 35% 35% 35% 31% 34% -27% 25% 29% 24%
Net Profit 29 35 34 47 50 52 39 55 79 56 38 44
EPS in Rs 2.15 2.63 2.56 3.55 3.72 3.91 2.93 4.11 5.89 4.17 2.89 3.30
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
653 777 923 1,112 1,210 1,378 1,400 1,643 1,657 1,797 2,063 2,395 2,213
604 650 771 941 1,021 1,182 1,220 1,452 1,444 1,526 1,713 2,023 1,865
Operating Profit 49 127 152 171 189 196 180 191 213 270 351 372 347
OPM % 7% 16% 16% 15% 16% 14% 13% 12% 13% 15% 17% 16% 16%
Other Income 43 23 11 8 26 34 36 36 18 26 13 -15 -15
Interest 56 75 36 59 71 85 90 85 81 69 36 32 31
Depreciation 23 26 27 33 35 39 38 43 42 41 42 53 53
Profit before tax 12 50 99 87 109 106 87 99 109 187 286 273 249
Tax % 47% 17% 27% 27% 29% 33% 22% 26% 26% 34% 34% 17%
Net Profit 7 42 73 64 77 71 68 73 80 123 188 228 217
EPS in Rs 0.59 3.05 5.38 4.67 5.68 5.22 4.92 5.52 6.02 9.26 14.10 17.04 16.25
Dividend Payout % 47% 19% 13% 17% 14% 15% 16% 14% 13% 11% 9% 12%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:11.91%
5 Years:11.33%
3 Years:13.06%
TTM:0.38%
Compounded Profit Growth
10 Years:19.43%
5 Years:26.89%
3 Years:44.60%
TTM:19.84%
Stock Price CAGR
10 Years:11.41%
5 Years:31.71%
3 Years:39.31%
1 Year:19.54%
Return on Equity
10 Years:11.87%
5 Years:12.68%
3 Years:14.92%
Last Year:17.30%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
20 26 27 27 27 27 27 27 27 27 27 27
Reserves 210 566 625 642 702 754 803 937 1,003 1,115 1,288 1,494
Borrowings 700 446 491 650 768 904 849 960 799 592 337 400
176 194 226 315 308 332 411 390 392 498 581 549
Total Liabilities 1,107 1,233 1,368 1,634 1,804 2,017 2,089 2,313 2,221 2,232 2,233 2,470
401 414 419 502 529 570 573 729 704 685 714 743
CWIP 77 53 22 5 5 8 1 2 2 20 16 18
Investments 53 89 121 111 109 108 98 205 205 205 155 155
576 677 807 1,016 1,161 1,330 1,418 1,376 1,309 1,321 1,347 1,553
Total Assets 1,107 1,233 1,368 1,634 1,804 2,017 2,089 2,313 2,221 2,232 2,233 2,470

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-5 49 41 142 -66 137 250 -39 252 316 309 60
-118 -75 -71 -128 46 -141 -83 84 3 -21 -7 -68
82 17 6 -2 15 3 -172 -87 -234 -293 -226 44
Net Cash Flow -41 -9 -24 12 -5 -1 -5 -42 21 2 76 35

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8% 13% 12% 13% 13% 12% 11% 10% 10% 14% 19% 18%
Debtor Days 95 111 126 114 131 139 125 136 137 128 114 125
Inventory Turnover 2.43 2.45 2.53 3.80 3.42 3.42 2.38 2.14 1.99 1.74 1.59 1.91

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
40.43 40.39 40.38 40.38 40.38 40.38 40.35 40.35 40.35 40.32 40.31 40.31
18.01 19.91 22.90 24.25 23.30 22.73 23.43 19.83 20.69 20.47 19.37 18.63
12.63 8.22 5.19 5.06 5.41 5.93 6.49 7.84 8.14 8.21 12.99 15.42
0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02
28.90 31.45 31.51 30.29 30.89 30.94 29.71 31.95 30.80 30.98 27.30 25.61