Radico Khaitan Ltd

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

Radico Khaitan Ltd

₹ 2,767 7.81%
06 Mar - close price
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 ₹ 37,047 Cr.
  • Current Price ₹ 2,767
  • High / Low ₹ 3,695 / 2,132
  • Stock P/E 70.0
  • Book Value ₹ 222
  • Dividend Yield 0.14 %
  • ROCE 16.0 %
  • ROE 13.3 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 12.4 times its book value
  • Company has a low return on equity of 11.8% 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

Fast Moving Consumer Goods Fast Moving Consumer Goods Beverages Breweries & Distilleries

Part of BSE 500 BSE Fast Moving Consumer Goods Nifty 500 Nifty FMCG Nifty Smallcap 100

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
792 832 954 925 1,161 1,079 1,137 1,116 1,294 1,304 1,506 1,494 1,547
695 753 834 804 1,018 959 990 955 1,111 1,127 1,274 1,256 1,280
Operating Profit 97 79 120 121 143 120 147 162 183 178 232 238 267
OPM % 12% 9% 13% 13% 12% 11% 13% 14% 14% 14% 15% 16% 17%
3 7 6 4 6 2 2 1 1 3 -5 3 -7
Interest 6 9 12 12 18 17 16 17 20 22 16 16 16
Depreciation 17 20 24 26 32 32 33 36 36 36 36 37 37
Profit before tax 76 57 89 86 99 74 100 110 129 123 175 187 206
Tax % 25% 25% 23% 25% 24% 27% 25% 27% 26% 25% 25% 25% 25%
61 43 68 65 75 54 75 81 95 92 131 140 155
EPS in Rs 4.58 3.19 5.11 4.85 5.62 4.03 5.64 6.03 7.14 6.88 9.75 10.42 11.57
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
466 580 1,643 1,657 1,797 2,063 2,395 2,374 2,859 3,133 4,106 4,843 5,851
387 499 1,452 1,444 1,526 1,713 2,023 1,965 2,457 2,775 3,599 4,169 4,936
Operating Profit 79 81 191 214 270 351 372 409 402 359 507 674 914
OPM % 17% 14% 12% 13% 15% 17% 16% 17% 14% 11% 12% 14% 16%
8 30 41 18 27 13 -15 14 7 25 15 5 -6
Interest 24 39 85 81 69 36 32 22 13 22 60 74 70
Depreciation 11 16 43 42 41 42 53 54 65 71 114 140 147
Profit before tax 52 57 103 109 188 286 273 347 332 291 348 465 691
Tax % 14% 20% 24% 26% 34% 34% 17% 24% 25% 24% 25% 26%
45 45 78 80 124 194 229 277 263 220 262 346 517
EPS in Rs 0.93 0.94 5.87 6.03 9.30 14.55 17.16 20.75 19.69 16.48 19.61 25.83 38.62
Dividend Payout % 11% 11% 14% 13% 11% 8% 12% 12% 15% 18% 15% 15%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 19%
TTM: 26%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: 10%
TTM: 73%
Stock Price CAGR
10 Years: 39%
5 Years: 37%
3 Years: 31%
1 Year: 26%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 12%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 19 19 27 27 27 27 27 27 27 27 27 27 27
Reserves 124 166 951 1,018 1,130 1,309 1,516 1,766 2,000 2,181 2,413 2,727 2,951
342 690 960 799 592 337 400 288 202 754 818 750 624
85 133 390 392 498 581 540 543 555 762 846 1,163 1,236
Total Liabilities 570 1,007 2,327 2,235 2,247 2,253 2,483 2,624 2,784 3,724 4,104 4,668 4,837
257 285 729 704 685 714 743 810 821 1,234 1,700 1,811 1,818
CWIP 4 44 2 2 20 16 18 38 30 327 54 23 70
Investments 2 10 220 220 220 176 178 184 175 191 198 198 196
306 668 1,376 1,309 1,321 1,347 1,543 1,592 1,757 1,971 2,152 2,635 2,753
Total Assets 570 1,007 2,327 2,235 2,247 2,253 2,483 2,624 2,784 3,724 4,104 4,668 4,837

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-36 250 316 309 60 370 222 239 166 363
81 5 -21 -7 -67 -76 -108 -705 -226 -171
-87 -234 -293 -226 9 -183 -134 487 24 -237
Net Cash Flow -42 21 2 76 2 111 -20 21 -36 -46

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 71 96 136 137 128 114 125 107 96 96 87 89
Inventory Days 157 155 113 199 231 270 209 283 234 292 211 246
Days Payable 117 160 72 0 159 183 148 151 102 112 123 148
Cash Conversion Cycle 110 91 176 336 201 201 187 239 228 277 175 187
Working Capital Days 185 221 36 20 44 76 85 104 109 75 67 72
ROCE % 14% 10% 14% 19% 18% 18% 16% 12% 13% 16%

Insights

In beta
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Distillation Capacity
Million Litres

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Net IMFL Sales Realisation per Case
Rs.
Number of Bottling Units
Units
Prestige & Above Category Volume
Million Cases
Total IMFL Sales Volume
Million Cases

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
40.27% 40.27% 40.26% 40.26% 40.26% 40.26% 40.24% 40.24% 40.23% 40.23% 40.21% 40.21%
18.63% 18.26% 18.18% 19.01% 18.58% 18.82% 18.60% 17.71% 16.95% 17.77% 18.00% 19.82%
23.51% 23.76% 23.92% 23.99% 24.72% 24.47% 24.70% 25.56% 26.77% 25.96% 25.48% 24.03%
17.59% 17.71% 17.63% 16.75% 16.45% 16.44% 16.45% 16.48% 16.04% 16.03% 16.31% 15.96%
No. of Shareholders 1,17,0891,07,4651,15,4301,12,8001,11,7811,14,6811,23,7411,29,5001,30,9251,39,9741,49,2511,56,525

* 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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Documents

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