Want to see IN:RADICO full AI Analyst Report?
Top Page
Radico Khaitan Limited
(RADICO)
Select Model
Select Model
Rating:69Neutral
Price Target:
₹4,981.00
▲(21.77% Upside)
Action:Downgraded
Date:08/06/26
The score is primarily supported by improving financial performance (accelerating growth, solid profitability, conservative leverage, and stronger 2026 cash generation). This is balanced by elevated valuation (very high P/E and low yield) and technically overextended momentum signals that increase the risk of a near-term correction despite the strong uptrend.
Positive Factors
Accelerating Revenue & Profit
Accelerated revenue and stronger net income in 2026 signal durable demand and effective brand/mix execution. Sustained top-line momentum improves scale economics, funds premiumization and brand investment, and enhances the company's capacity to absorb state duty shifts and invest for growth.
Negative Factors
Declining Gross Margins
A downtrend in gross margins and year-to-year volatility point to structural mix shifts or rising input/packaging and duty costs. Persistent margin pressure would limit operating leverage, reduce funds available for premiumization and marketing, and heighten sensitivity to commodity or regulatory cost shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating Revenue & Profit
Accelerated revenue and stronger net income in 2026 signal durable demand and effective brand/mix execution. Sustained top-line momentum improves scale economics, funds premiumization and brand investment, and enhances the company's capacity to absorb state duty shifts and invest for growth.
Read all positive factors
Radico Khaitan Limited (RADICO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹626.43B
Dividend Yield0.19%
Average Volume (3M)8.56K
Price to Earnings (P/E)89.3
Beta (1Y)0.73
Revenue Growth19.30%
EPS Growth76.30%
CountryIN
Employees1,543
SectorGeneral
Sector StrengthN/A
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)52.55
Shares Outstanding133,982,390
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)63.99
Revenue Forecast (FY)₹68.80B
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 distilled spirits, earning revenue from (1) branded spirits (its own portfolio of IMFL/spirits brands) and (2) contract manufacturing and bulk/extra-neutral alcohol (ENA) related sales where applicab...
Radico Khaitan Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.28B | 60.50B | 48.51B | 41.19B | 31.43B | 28.68B |
| Gross Profit | 26.15B | 23.44B | 20.28B | 17.08B | 12.80B | 12.53B |
| EBITDA | 11.53B | 10.22B | 6.55B | 4.93B | 3.47B | 3.92B |
| Net Income | 7.04B | 6.04B | 3.46B | 2.62B | 2.20B | 2.63B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 49.72B | 46.39B | 40.95B | 37.19B | 27.81B |
| Cash, Cash Equivalents and Short-Term Investments | 871.52M | 883.31M | 565.21M | 1.01B | 1.78B | 1.10B |
| Total Debt | 0.00 | 4.98B | 7.50B | 8.18B | 7.54B | 2.02B |
| Total Liabilities | -33.16B | 16.56B | 18.85B | 16.55B | 15.11B | 7.54B |
| Stockholders Equity | 33.16B | 33.16B | 27.54B | 24.40B | 22.08B | 20.27B |
Cash Flow | ||||||
| Free Cash Flow | 2.68B | 4.56B | 1.82B | -693.17M | -4.95B | 853.18M |
| Operating Cash Flow | 3.85B | 7.01B | 3.63B | 1.83B | 2.39B | 2.21B |
| Investing Cash Flow | -1.43B | -2.78B | -1.71B | -2.42B | -7.05B | -1.07B |
| Financing Cash Flow | -2.47B | -3.92B | -2.37B | 237.03M | 4.87B | -1.34B |
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 | ₹1.12T | 66.20 | ― | 0.83% | 2.43% | 11.43% | |
69 Neutral | ₹626.43B | 89.31 | ― | 0.22% | 19.30% | 76.30% | |
62 Neutral | ₹68.46B | 48.43 | ― | ― | 28.56% | 25.96% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹170.68B | 77.54 | ― | 0.58% | -35.98% | -8.01% | |
53 Neutral | ₹143.55B | -455.31 | ― | 0.23% | 103.28% | -108.93% | |
51 Neutral | ₹27.75B | 25.94 | ― | 0.28% | 7.88% | 295.37% |
* General Sector Average
IN:RADICO
Radico Khaitan Limited
4,720.00
1,905.29
67.69%
IN:ABDL
Allied Blenders and Distillers Limited
613.35
90.19
17.24%
IN:GLOBUSSPR
Globus Spirits Limited
898.50
-336.30
-27.24%
IN:TI
Tilaknagar Industries Limited
582.70
56.84
10.81%
IN:UNITDSPR
United Spirits Limited
1,522.00
208.65
15.89%
IN:PICCADIL
Piccadily Agro Industries Limited
693.05
85.60
14.09%
Radico Khaitan Limited Corporate Events
Radico Khaitan Sets August 7 AGM, Opens Remote E-Voting for Shareholders
Jul 14, 2026
Radico Khaitan Limited has scheduled its forty-second Annual General Meeting for August 7, 2026, at its registered office at Rampur Distillery in Uttar Pradesh, with shareholders of the listed spirits maker invited to review and approve matters re...
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.