Radico Khaitan Limited (RADICO) AI Stock Analysis

• Market Cap: ₹431.75B
• Dividend Yield: 0.12%
• Average Volume (3M): 8.56K
• Price to Earnings (P/E): 94.3
• Beta (1Y): 0.83
• Revenue Growth: 24.62%
• EPS Growth: 59.27%
• Country: IN
• Employees: 1,469
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Wineries & Distilleries
• EPS (TTM): 10.40
• Shares Outstanding: 133,893,500
• 10 Day Avg. Volume: 12,230
• 30 Day Avg. Volume: 8,563
• PEG Ratio: 2.84
• Price to Book (P/B): 11.31
• Price to Sales (P/S): 6.42
• P/FCF Ratio: 171.24
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹3,590.00
• Price Target Upside: 11.33% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ₹3,549.00 ▲(10.06% Upside)

Radico Khaitan Limited's strong financial performance is the most significant factor, supported by robust revenue and profit growth. However, technical indicators suggest the stock is overbought, and the high P/E ratio indicates potential overvaluation. The lack of earnings call insights and corporate events limits additional context.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, enhancing the company's competitive position and long-term sustainability.

Cash Flow Management

Improved cash flow management enhances financial flexibility, allowing for strategic investments and debt reduction, supporting long-term growth.

Operational Efficiency

Operational efficiency improvements lead to better profitability and cost management, strengthening the company's financial health and competitive edge.

Negative Factors

Moderate Leverage

Moderate leverage indicates potential risk if not managed well, as it could impact the company's ability to finance growth or weather economic downturns.

High P/E Ratio

A high P/E ratio suggests potential overvaluation, which might limit future stock price appreciation and affect investor sentiment.

Dividend Yield

A low dividend yield may deter income-focused investors, potentially impacting the stock's attractiveness and limiting its investor base.

Radico Khaitan Limited Business Overview & Revenue Model

Company Description

Radico Khaitan Limited manufactures and sells Indian made foreign liquor (IMFL) in India. It offers IMFL products in various categories of whisky, brandy, rum, and white spirits under the brand names of Magic Moments and Magic Moments Verve Vodka, Morpheus and Morpheus Blue Brandy, 8PM and 8PM Premium Black Whisky, 1965 The Spirit of Victory Rum, Rampur Indian Single Malt Whisky, Jaisalmer Indian Craft Gin, Contessa Rum, Old Admiral Brandy, After Dark Whisky, Pluton Bay Rum, and Regal Talon Whisky. The company also provides bottling services to other spirit manufacturers. It also exports its products to approximately 85 countries. The company, formerly known as Rampur Distillery Company, was incorporated in 1943 and is based in New Delhi, India.

How the Company Makes Money

Radico Khaitan generates revenue primarily through the sale of its alcoholic beverages, which include a variety of spirits and ready-to-drink products. The company's revenue model is built on multiple key streams: the direct sale of its own branded products, contract manufacturing for other brands, and distribution agreements with local and international partners. RADICO's strong brand portfolio, including popular labels and premium offerings, allows it to capture a significant share of the growing spirits market in India and abroad. Additionally, strategic partnerships with distributors and retail chains enhance its market reach, contributing to its overall earnings. Furthermore, the company's focus on innovation and premiumization of its products helps drive higher sales and profitability.

Radico Khaitan Limited Financial Statement Overview

Summary

Radico Khaitan Limited exhibits a strong financial position with impressive revenue and profit growth, efficient operational management, and solid cash flow generation. The balance sheet shows moderate leverage but remains robust overall.

Income Statement

Radico Khaitan Limited has demonstrated strong revenue growth with a consistent upward trajectory over the past years. The gross profit margin remains robust, indicating efficient cost management, while the net profit margin has improved, reflecting enhanced profitability. EBIT and EBITDA margins have shown significant improvement, suggesting operational efficiency gains. Overall, the income statement reflects a healthy financial position with strong growth potential.

Balance Sheet

The company maintains a solid equity base, as evidenced by a reasonable debt-to-equity ratio, indicating manageable leverage levels. Return on equity has shown positive trends, highlighting effective use of shareholders' capital. However, the equity ratio suggests moderate reliance on liabilities, which is a point to monitor for any potential risk exposures. Overall, Radico Khaitan’s balance sheet is stable with a strong equity position.

Cash Flow

Radico Khaitan has shown a remarkable turnaround in its free cash flow, moving from negative to positive growth, signifying improved cash management and operational efficiency. The operating cash flow to net income ratio is healthy, indicative of effective cash conversion from earnings. The free cash flow to net income ratio underscores the company’s capability to generate substantial free cash flow relative to its net income. The cash flow statement reflects strong cash generation capabilities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	52.21B	48.51B	41.19B	31.43B	28.68B	23.99B
Gross Profit	22.09B	20.28B	17.08B	12.80B	12.53B	11.64B
EBITDA	7.32B	6.55B	4.93B	3.47B	3.92B	4.03B
Net Income	3.99B	3.46B	2.62B	2.20B	2.63B	2.77B
Balance Sheet
Total Assets	0.00	46.39B	40.95B	37.19B	27.81B	27.14B
Cash, Cash Equivalents and Short-Term Investments	565.21M	565.21M	1.01B	1.78B	1.10B	1.21B
Total Debt	0.00	7.50B	8.18B	7.54B	2.02B	2.88B
Total Liabilities	-27.54B	18.85B	16.55B	15.11B	7.54B	9.21B
Stockholders Equity	27.54B	27.54B	24.40B	22.08B	20.27B	17.93B
Cash Flow
Free Cash Flow	0.00	1.82B	-693.17M	-4.95B	853.18M	2.68B
Operating Cash Flow	0.00	3.63B	1.83B	2.39B	2.21B	3.77B
Investing Cash Flow	0.00	-1.71B	-2.42B	-7.05B	-1.07B	-832.22M
Financing Cash Flow	0.00	-2.37B	237.03M	4.87B	-1.34B	-1.83B

Radico Khaitan Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3224.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 3224.55 is below the 20-day moving average (MA) of 3239.15, above the 50-day MA of 3171.92, and above the 200-day MA of 2734.96, indicating a neutral trend. The MACD of 4.80 indicates Positive momentum. The RSI at 51.25 is Neutral, neither overbought nor oversold. The STOCH value of 63.41 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CASTROLIND	72 Outperform	₹182.00B	18.63	―	7.07%	6.83%	8.79%
FINEORG	68 Neutral	₹135.09B	33.32	―	0.25%	5.73%	-7.74%
RADICO	65 Neutral	₹431.75B	94.30	―	0.12%	24.62%	59.27%
EMAMILTD	64 Neutral	₹236.86B	31.24	―	1.85%	0.84%	-2.44%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
GODREJAGRO	58 Neutral	₹113.72B	26.12	―	1.86%	5.24%	9.79%
GLOBUSSPR	56 Neutral	₹27.88B	60.71	―	0.29%	2.36%	-26.16%

Radico Khaitan Limited Corporate Events

Radico Khaitan Schedules Investor Meetings for December 2025

Radico Khaitan Limited has announced a schedule of investor meetings from December 3 to December 5, 2025, involving interactions with HDFC Mutual Fund, BofA India Boardroom Series, and Invesco Hong Kong. These meetings are part of the company’s efforts to engage with investors, although no unpublished price-sensitive information will be discussed. The presentation for these meetings is available on the company’s website, indicating transparency and proactive communication with stakeholders.

Radico Khaitan Launches Rampur 1943 Virasat Single Malt

Radico Khaitan Limited has launched the Rampur 1943 Virasat Indian Single Malt, a whisky that honors the legacy of the Rampur Distillery. Crafted from six-row Indian barley and matured in American Bourbon Barrels with a Ruby Port Pipe finish, this whisky embodies a blend of tradition and modernity. The launch signifies the company’s commitment to quality and innovation, aiming to make Indian single malts accessible to a broader audience. Initially available in select Indian states, this product highlights Radico Khaitan’s dedication to celebrating India’s rich distilling heritage.

Radico Khaitan Releases Earnings Call Recording for Investor Access

Radico Khaitan Limited announced that the audio recording of its earnings conference call, discussing the unaudited financial results for the quarter and half year ended September 30, 2025, is now available on its website. This disclosure is part of the company’s compliance with regulatory requirements, providing transparency and accessibility to analysts and investors regarding its financial performance.

Radico Khaitan Receives Independent ESG Rating

Radico Khaitan Limited announced that it has received an ESG rating score of ’64’ from CFC Finlease Private Limited, an independent SEBI registered ESG Rating Provider. The rating was assigned based on the company’s public disclosures, without any engagement from Radico Khaitan. This development highlights the company’s transparency in its operations and could impact its reputation and stakeholder trust positively.

Radico Khaitan Allots Equity Shares Under Employee Stock Option Scheme

Radico Khaitan Limited has announced the allotment of 10,028 equity shares to eligible employees under its Employee Stock Option Scheme, 2006. This move, approved by the company’s Nomination, Remuneration and Compensation Committee, increases the company’s paid-up equity share capital to 13,38,77,546 shares. The announcement reflects Radico Khaitan’s commitment to employee incentives and could potentially enhance employee satisfaction and retention, thereby positively impacting its operations and market positioning.