Radico Khaitan Limited (RADICO) AI Stock Analysis

• Market Cap: ₹428.28B
• Dividend Yield: 0.12%
• Average Volume (3M): 8.56K
• Price to Earnings (P/E): 93.5
• Beta (1Y): 0.91
• 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: 133,877,550
• 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: 6.54% 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 ▲(5.33% 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.

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: 3369.55
• 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 3369.55 is above the 20-day moving average (MA) of 3234.56, above the 50-day MA of 3078.29, and above the 200-day MA of 2649.82, indicating a bullish trend. The MACD of 63.80 indicates Positive momentum. The RSI at 63.60 is Neutral, neither overbought nor oversold. The STOCH value of 45.35 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	₹191.64B	19.62	―	6.81%	6.83%	8.79%
FINEORG	68 Neutral	₹142.58B	35.17	―	0.24%	5.73%	-7.74%
RADICO	65 Neutral	₹428.28B	93.55	―	0.12%	24.62%	59.27%
EMAMILTD	64 Neutral	₹236.01B	28.68	―	1.93%	0.84%	-2.44%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
GODREJAGRO	58 Neutral	₹124.88B	27.43	―	1.92%	5.24%	9.79%
GLOBUSSPR	56 Neutral	₹33.87B	73.77	―	0.24%	2.36%	-26.16%

Radico Khaitan Limited Corporate Events

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.

Radico Khaitan to Engage with Investors in Upcoming Conferences

Radico Khaitan Limited has announced that its senior management will engage with investors in upcoming conferences, specifically DAM Capital’s Alcoholic Beverages Sector Conference and Antique’s Flagship Investor Conference. These interactions are part of the company’s efforts to maintain transparency and engage with stakeholders, although no unpublished price-sensitive information will be shared during these meetings.

Radico Khaitan Successfully Concludes 41st AGM with All Resolutions Passed

Radico Khaitan Limited announced the successful conclusion of its 41st Annual General Meeting held on August 8, 2025, where all proposed resolutions were duly passed. The company has made the voting results and the consolidated Scrutinizer’s report available on its website, indicating a transparent and well-organized meeting process, which is likely to reinforce stakeholder confidence and support the company’s governance practices.

Radico Khaitan Releases Q1 2025 Financial Results

Radico Khaitan Limited announced the approval of its unaudited standalone and consolidated financial results for the quarter ending June 30, 2025. The results were reviewed and approved by the Board of Directors in a meeting held on July 31, 2025. These financial results, which are prepared in compliance with Indian Accounting Standards, reflect the company’s ongoing financial performance and are available on their official website. This announcement underscores Radico Khaitan’s commitment to transparency and regulatory compliance, potentially impacting investor confidence and market positioning.