Radico Khaitan Ltd
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]
- Market Cap ₹ 29,814 Cr.
- Current Price ₹ 2,230
- High / Low ₹ 2,333 / 1,141
- Stock P/E 111
- Book Value ₹ 178
- Dividend Yield 0.13 %
- ROCE 13.2 %
- ROE 11.3 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 17.1%
Cons
- Stock is trading at 12.5 times its book value
- Company has a low return on equity of 11.4% 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,210 | 1,378 | 1,400 | 1,643 | 1,657 | 1,797 | 2,063 | 2,395 | 2,374 | 2,859 | 3,133 | 4,106 | 4,301 | |
1,020 | 1,182 | 1,220 | 1,452 | 1,444 | 1,526 | 1,713 | 2,023 | 1,965 | 2,457 | 2,775 | 3,599 | 3,766 | |
Operating Profit | 190 | 196 | 180 | 191 | 214 | 270 | 351 | 372 | 409 | 402 | 359 | 507 | 536 |
OPM % | 16% | 14% | 13% | 12% | 13% | 15% | 17% | 16% | 17% | 14% | 11% | 12% | 12% |
26 | 34 | 36 | 36 | 18 | 26 | 13 | -15 | 20 | 11 | 9 | 9 | 11 | |
Interest | 71 | 85 | 90 | 85 | 81 | 69 | 36 | 32 | 22 | 13 | 22 | 60 | 65 |
Depreciation | 35 | 39 | 38 | 43 | 42 | 41 | 42 | 53 | 54 | 65 | 71 | 114 | 122 |
Profit before tax | 109 | 106 | 87 | 99 | 109 | 187 | 286 | 273 | 353 | 335 | 275 | 342 | 359 |
Tax % | 29% | 33% | 22% | 26% | 26% | 34% | 34% | 17% | 23% | 25% | 26% | 25% | |
77 | 71 | 68 | 73 | 80 | 123 | 188 | 228 | 271 | 252 | 204 | 256 | 269 | |
EPS in Rs | 5.81 | 5.36 | 5.08 | 5.52 | 6.02 | 9.26 | 14.10 | 17.04 | 20.26 | 18.86 | 15.29 | 19.13 | 20.11 |
Dividend Payout % | 14% | 15% | 16% | 14% | 13% | 11% | 9% | 12% | 12% | 16% | 20% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | 12% |
5 Years: | 15% |
3 Years: | 20% |
TTM: | 29% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 6% |
3 Years: | -2% |
TTM: | 28% |
Stock Price CAGR | |
---|---|
10 Years: | 38% |
5 Years: | 48% |
3 Years: | 26% |
1 Year: | 88% |
Return on Equity | |
---|---|
10 Years: | 12% |
5 Years: | 13% |
3 Years: | 11% |
Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 | 27 |
Reserves | 702 | 754 | 803 | 937 | 1,003 | 1,115 | 1,288 | 1,494 | 1,737 | 1,960 | 2,125 | 2,351 |
768 | 904 | 849 | 960 | 799 | 592 | 337 | 400 | 288 | 202 | 754 | 818 | |
308 | 332 | 411 | 390 | 392 | 498 | 581 | 540 | 543 | 555 | 762 | 846 | |
Total Liabilities | 1,804 | 2,017 | 2,089 | 2,313 | 2,221 | 2,232 | 2,233 | 2,460 | 2,595 | 2,744 | 3,668 | 4,042 |
529 | 570 | 573 | 729 | 704 | 685 | 714 | 743 | 810 | 821 | 1,213 | 1,657 | |
CWIP | 5 | 8 | 1 | 2 | 2 | 20 | 16 | 18 | 38 | 30 | 327 | 54 |
Investments | 109 | 108 | 98 | 205 | 205 | 205 | 155 | 155 | 155 | 135 | 135 | 135 |
1,161 | 1,330 | 1,418 | 1,376 | 1,309 | 1,321 | 1,347 | 1,543 | 1,592 | 1,757 | 1,993 | 2,195 | |
Total Assets | 1,804 | 2,017 | 2,089 | 2,313 | 2,221 | 2,232 | 2,233 | 2,460 | 2,595 | 2,744 | 3,668 | 4,042 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-66 | 137 | 250 | -39 | 252 | 316 | 309 | 60 | 370 | 221 | 224 | 183 | |
46 | -141 | -83 | 84 | 3 | -21 | -7 | -67 | -76 | -108 | -684 | -243 | |
15 | 3 | -172 | -87 | -234 | -293 | -226 | 9 | -183 | -134 | 482 | 24 | |
Net Cash Flow | -5 | -1 | -5 | -42 | 21 | 2 | 76 | 2 | 111 | -21 | 22 | -36 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 131 | 139 | 125 | 136 | 137 | 128 | 114 | 125 | 107 | 96 | 96 | 87 |
Inventory Days | 116 | 118 | 164 | 202 | 199 | 231 | 270 | 209 | 283 | 234 | 292 | 211 |
Days Payable | 73 | 71 | 95 | 129 | 125 | 159 | 183 | 148 | 151 | 102 | 112 | 71 |
Cash Conversion Cycle | 174 | 185 | 194 | 209 | 211 | 201 | 201 | 187 | 239 | 228 | 277 | 226 |
Working Capital Days | 194 | 224 | 214 | 173 | 142 | 143 | 130 | 146 | 147 | 133 | 124 | 110 |
ROCE % | 13% | 12% | 11% | 10% | 10% | 14% | 19% | 18% | 19% | 16% | 12% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 Oct - Of Earnings Conference Call Q2 FY2025
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Board Meeting Intimation for Approval Of Financial Results
14 Oct - Board meeting scheduled for October 24, 2024.
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
11 Oct - Intimation of loss of share certificates by shareholders.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Oct - Certificate under Regulation 74(5) for Q2 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
3 Oct - Regarding Investor''s meeting scheduled on October 09, 2024
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Aug 2024Transcript PPT
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May 2019TranscriptNotesPPT
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Dec 2018TranscriptNotesPPT
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Oct 2017TranscriptNotesPPT
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Jul 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
History
Radico Khaitan Limited is among the oldest and largest manufacturers of IMFL in India. Earlier known as Rampur Distillery Company, Radico Khaitan commenced its operations in 1943 and has emerged as a major bulk spirits supplier and bottler to other spirit manufacturers. In 1998 Company started its own brands with the
introduction of 8PM Whisky.