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Radico Khaitan Limited
(RADICO)
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Rating:74Outperform
Price Target:
₹4,563.00
▲(45.43% Upside)
Action:Upgraded
Date:05/08/26
The score is driven primarily by strengthening fundamentals (growth and profitability improvements, conservative leverage, and improved 2026 cash generation) and supportive technical momentum with price above major moving averages. This is partially offset by a stretched valuation (high P/E and very low dividend yield).
Positive Factors
Revenue growth & profit recovery
Accelerating revenue and a meaningful net income rebound in 2026 indicate improving demand and execution across the portfolio. Durable top-line momentum supports market-share gains and operating leverage, making earnings growth more sustainable over the next several quarters.
Negative Factors
Gross-margin compression
A trend of declining gross margins suggests sustained cost or mix pressures (commodity, packaging, or trade terms). Persistent margin erosion would weaken operating leverage and reduce the durability of profit gains unless offset by pricing or mix improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & profit recovery
Accelerating revenue and a meaningful net income rebound in 2026 indicate improving demand and execution across the portfolio. Durable top-line momentum supports market-share gains and operating leverage, making earnings growth more sustainable over the next several quarters.
Read all positive factors
Radico Khaitan Limited (RADICO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹545.41B
Dividend Yield0.12%
Average Volume (3M)8.56K
Price to Earnings (P/E)90.2
Beta (1Y)0.71
Revenue Growth24.72%
EPS Growth74.79%
CountryIN
Employees1,469
SectorGeneral
Sector StrengthN/A
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)45.15
Shares Outstanding133,931,350
10 Day Avg. Volume12,230
30 Day Avg. Volume8,563
Financial Highlights & Ratios
PEG Ratio0.78
Price to Book (P/B)10.61
Price to Sales (P/S)5.82
P/FCF Ratio77.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)58.53
Revenue Forecast (FY)₹68.97B
Radico Khaitan Limited Business Overview & Revenue Model
Company Description
Based in New Delhi, India, Radico Khaitan Limited is a prominent manufacturer and distributor of Indian Made Foreign Liquor (IMFL) within the Indian market. Established in 1943, originally known as Rampur Distillery Company, the firm offers a dive...
How the Company Makes Money
Radico Khaitan primarily makes money by selling alcoholic beverage products, with revenue driven mainly by branded spirits sold in India across categories such as whisky, vodka, rum, brandy, and gin. The company’s earnings are influenced by (1) pr...
Radico Khaitan Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 60.50B | 48.51B | 41.19B | 31.43B | 28.68B |
| Gross Profit | 23.44B | 20.28B | 17.08B | 12.80B | 12.53B |
| EBITDA | 10.22B | 6.55B | 4.93B | 3.47B | 3.92B |
| Net Income | 6.04B | 3.46B | 2.62B | 2.20B | 2.63B |
Balance Sheet | |||||
| Total Assets | 49.72B | 46.39B | 40.95B | 37.19B | 27.81B |
| Cash, Cash Equivalents and Short-Term Investments | 883.31M | 565.21M | 1.01B | 1.78B | 1.10B |
| Total Debt | 4.98B | 7.50B | 8.18B | 7.54B | 2.02B |
| Total Liabilities | 16.56B | 18.85B | 16.55B | 15.11B | 7.54B |
| Stockholders Equity | 33.16B | 27.54B | 24.40B | 22.08B | 20.27B |
Cash Flow | |||||
| Free Cash Flow | 4.56B | 1.82B | -693.17M | -4.95B | 853.18M |
| Operating Cash Flow | 7.01B | 3.63B | 1.83B | 2.39B | 2.21B |
| Investing Cash Flow | -2.78B | -1.71B | -2.42B | -7.05B | -1.07B |
| Financing Cash Flow | -3.92B | -2.37B | 237.03M | 4.87B | -1.34B |
Radico Khaitan Limited Technical Analysis
Positive
3137.50
Price Trends
3625.23
Positive
3221.18
Positive
3152.83
Positive
Market Momentum
152.52
Negative
71.45
Negative
76.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RADICO, the sentiment is Positive. The current price of 3137.5 is below the 20-day moving average (MA) of 3844.98, below the 50-day MA of 3625.23, and below the 200-day MA of 3152.83, indicating a bullish trend. The MACD of 152.52 indicates Negative momentum. The RSI at 71.45 is Negative, neither overbought nor oversold. The STOCH value of 76.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:RADICO.
Radico Khaitan Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹545.41B | 90.23 | ― | 0.12% | 24.72% | 74.79% | |
66 Neutral | ₹1.01T | 53.56 | ― | 0.83% | 7.23% | 16.18% | |
66 Neutral | ₹66.17B | 47.51 | ― | ― | 26.86% | 30.44% | |
62 Neutral | ₹181.41B | 79.50 | ― | 0.58% | -44.43% | 17.17% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹26.89B | 29.22 | ― | 0.28% | 6.82% | 292.05% | |
46 Neutral | ₹110.44B | 222.11 | ― | 0.21% | 65.03% | -83.09% |
* General Sector Average
IN:RADICO
Radico Khaitan Limited
4,072.30
1,332.37
48.63%
IN:ABDL
Allied Blenders and Distillers Limited
648.55
165.05
34.14%
IN:GLOBUSSPR
Globus Spirits Limited
924.75
-96.38
-9.44%
IN:TI
Tilaknagar Industries Limited
446.25
105.54
30.98%
IN:UNITDSPR
United Spirits Limited
1,386.40
47.65
3.56%
IN:PICCADIL
Piccadily Agro Industries Limited
671.25
93.80
16.24%
Radico Khaitan Limited Corporate Events
Radico Khaitan Allots 51,048 Equity Shares Under ESOP 2006
Jul 7, 2026
Radico Khaitan has allotted 51,048 equity shares under its Employee Stock Option Scheme 2006 following approval by the Nomination, Remuneration and Compensation Committee on July 7, 2026. The issuance marginally increases the company’s paid-...
Radico Khaitan’s Magic Moments Vodka Hits 3.25 Million Cases in Q1 FY2027
Jul 5, 2026
Magic Moments, the flagship vodka brand of Radico Khaitan, has set a new benchmark in the Indian vodka market by sustaining sales of one million cases per month and reaching 3.25 million cases in the first quarter of FY2027, a 43% year-on-year inc...
Radico Khaitan Publishes SEBI-Compliant Notice on Lost Share Certificates
Jun 16, 2026
Radico Khaitan has notified the stock exchanges that it has published a public notice in the Financial Express regarding the loss of certain share certificates belonging to its shareholders. The company stated that this newspaper advertisement, is...
Radico Khaitan Wins NCLT Relief to Speed Up Subsidiary Amalgamation
Jun 5, 2026
Radico Khaitan has provided an update on its proposed scheme of amalgamation involving the parent company and several wholly owned subsidiary and step-down subsidiary entities. The scheme aims to consolidate Radico Spiritzs India Private Limited a...
Radico Khaitan Publishes New Investor Presentation for Market Stakeholders
May 28, 2026
Radico Khaitan Limited has released an investor presentation titled “Taking India to the World,” in line with its disclosure obligations under Indian listing regulations. The presentation, made available through the exchanges and the c...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.