Radico Khaitan Limited (IN:RADICO)
:RADICO
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Radico Khaitan Limited
(RADICO)
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Rating:74Outperform
Price Target:
₹3,815.00
▲(21.59% 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
Revenue acceleration into 2026 reflects expanding product traction and stronger demand across the portfolio. Durable top-line expansion supports scale benefits, helps absorb fixed costs, and underpins improving net income and returns, making operating performance less reliant on one-off gains.
Negative Factors
Gross-Margin Compression
A trend of gross-margin compression and year-to-year margin volatility suggests pressure from input costs, product mix shifts, or price limitations. Persistent margin erosion would impair operating leverage and limit the ability to convert revenue growth into durable profit expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue acceleration into 2026 reflects expanding product traction and stronger demand across the portfolio. Durable top-line expansion supports scale benefits, helps absorb fixed costs, and underpins improving net income and returns, making operating performance less reliant on one-off gains.
Read all positive factors
Radico Khaitan Limited (RADICO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹477.36B
Dividend Yield0.12%
Average Volume (3M)8.56K
Price to Earnings (P/E)58.2
Beta (1Y)0.69
Revenue Growth24.72%
EPS Growth74.79%
CountryIN
Employees1,469
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)34.19
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)58.44
Revenue Forecast (FY)₹69.07B
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,...
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 | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.98B | 60.50B | 48.51B | 41.19B | 31.43B | 28.68B |
| Gross Profit | 22.78B | 23.44B | 20.28B | 17.08B | 12.80B | 12.53B |
| EBITDA | 8.10B | 10.21B | 6.55B | 4.93B | 3.47B | 3.92B |
| Net Income | 4.58B | 6.04B | 3.46B | 2.62B | 2.20B | 2.63B |
Balance Sheet | ||||||
| Total Assets | 48.37B | 49.72B | 46.39B | 40.95B | 37.19B | 27.81B |
| Cash, Cash Equivalents and Short-Term Investments | 539.06M | 883.31M | 565.21M | 1.01B | 1.78B | 1.10B |
| Total Debt | 6.24B | 4.98B | 7.50B | 8.18B | 7.54B | 2.02B |
| Total Liabilities | 18.59B | 16.56B | 18.85B | 16.55B | 15.11B | 7.54B |
| Stockholders Equity | 29.78B | 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 Technical Analysis
Positive
3137.50
Price Trends
3054.88
Positive
2976.33
Positive
3005.33
Positive
Market Momentum
141.05
Positive
68.10
Neutral
65.61
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 3423.91, above the 50-day MA of 3054.88, and above the 200-day MA of 3005.33, indicating a bullish trend. The MACD of 141.05 indicates Positive momentum. The RSI at 68.10 is Neutral, neither overbought nor oversold. The STOCH value of 65.61 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 (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹477.36B | 58.22 | ― | 0.12% | 24.72% | 74.79% | |
68 Neutral | ₹56.93B | 29.30 | ― | ― | 26.86% | 30.44% | |
66 Neutral | ₹104.53B | -24.49 | ― | 0.21% | 30.79% | -30.63% | |
66 Neutral | ₹933.95B | 47.08 | ― | 0.83% | 7.23% | 16.18% | |
63 Neutral | ₹148.81B | 49.59 | ― | 0.58% | -44.43% | 17.10% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
52 Neutral | ₹25.52B | 25.32 | ― | 0.28% | 6.82% | 292.05% |
* Consumer Defensive Sector Average
IN:RADICO
Radico Khaitan Limited
3,570.80
1,099.93
44.52%
IN:ABDL
Allied Blenders and Distillers Limited
536.80
140.40
35.42%
IN:GLOBUSSPR
Globus Spirits Limited
870.45
-152.22
-14.88%
IN:TI
Tilaknagar Industries Limited
432.30
88.60
25.78%
IN:UNITDSPR
United Spirits Limited
1,272.80
-281.55
-18.11%
IN:PICCADIL
Piccadily Agro Industries Limited
575.15
17.85
3.20%
Radico Khaitan Limited Corporate Events
Radico Khaitan Plans Investor Meetings with Global Funds in March 2026
Mar 13, 2026
Radico Khaitan Limited has announced that its senior management will hold a series of investor interactions in March 2026, including participation in the CLSA India 2nd Consumer Tour and one-on-one meetings with Cusana Capital, Hudson Bay Capital,...
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.