Radico Khaitan Limited (IN:RADICO)
:RADICO
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Radico Khaitan Limited
(RADICO)
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Rating:65Neutral
Price Target:
₹2,821.00
▼(-10.09% Downside)
Action:ReiteratedDate:10/23/25
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 Trend
Radico’s reported revenue growth (~26.48% YoY) and a consistent upward trajectory indicate durable expansion across IMFL and country liquor segments. Sustained top-line growth enhances scale economics, supports brand investment and pricing power, and underpins long-term margin improvement and reinvestment capacity.
Negative Factors
Regulatory Dependence (State Excise)
Radico’s revenues and cash flows are structurally tied to state-level excise duties, pricing approvals and licensing regimes. This fragmented regulatory framework can constrain pricing, create uneven demand across states, and produce sustained margin volatility or restricted growth opportunities over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Trend
Radico’s reported revenue growth (~26.48% YoY) and a consistent upward trajectory indicate durable expansion across IMFL and country liquor segments. Sustained top-line growth enhances scale economics, supports brand investment and pricing power, and underpins long-term margin improvement and reinvestment capacity.
Read all positive factors
Radico Khaitan Limited (RADICO) vs. iShares MSCI India ETF (INDA)
Market Cap
₹351.41B
Dividend Yield0.12%
Average Volume (3M)8.56K
Price to Earnings (P/E)71.3
Beta (1Y)0.67
Revenue Growth24.62%
EPS Growth59.27%
CountryIN
Employees1,469
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)11.60
Shares Outstanding133,897,930
10 Day Avg. Volume12,230
30 Day Avg. Volume8,563
Financial Highlights & Ratios
PEG Ratio2.84
Price to Book (P/B)11.31
Price to Sales (P/S)6.42
P/FCF Ratio171.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹3,710.00Price Target Upside18.25% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)56.9
Revenue Forecast (FY)₹69.36B
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 makes money primarily by selling alcoholic beverages, with revenues driven by (1) branded spirits (IMFL) and (2) non-branded/value segments such as country liquor, where applicable under state excise regimes. Its core revenue model ...
Radico Khaitan Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
75
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.98B | 48.51B | 41.19B | 31.43B | 28.68B | 23.99B |
| Gross Profit | 22.78B | 20.28B | 17.08B | 12.80B | 12.53B | 11.64B |
| EBITDA | 8.10B | 6.55B | 4.93B | 3.47B | 3.92B | 4.03B |
| Net Income | 4.58B | 3.46B | 2.62B | 2.20B | 2.63B | 2.77B |
Balance Sheet | ||||||
| Total Assets | 48.37B | 46.39B | 40.95B | 37.19B | 27.81B | 27.14B |
| Cash, Cash Equivalents and Short-Term Investments | 539.06M | 565.21M | 1.01B | 1.78B | 1.10B | 1.21B |
| Total Debt | 6.24B | 7.50B | 8.18B | 7.54B | 2.02B | 2.88B |
| Total Liabilities | 18.59B | 18.85B | 16.55B | 15.11B | 7.54B | 9.21B |
| Stockholders Equity | 29.78B | 27.54B | 24.40B | 22.08B | 20.27B | 17.93B |
Cash Flow | ||||||
| Free Cash Flow | 2.68B | 1.82B | -693.17M | -4.95B | 853.18M | 2.68B |
| Operating Cash Flow | 3.85B | 3.63B | 1.83B | 2.39B | 2.21B | 3.77B |
| Investing Cash Flow | -1.43B | -1.71B | -2.42B | -7.05B | -1.07B | -832.22M |
| Financing Cash Flow | -2.47B | -2.37B | 237.03M | 4.87B | -1.34B | -1.83B |
Radico Khaitan Limited Technical Analysis
Negative
3137.50
Price Trends
2746.57
Negative
2971.81
Negative
2911.95
Negative
Market Momentum
-34.15
Positive
44.48
Neutral
39.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RADICO, the sentiment is Negative. The current price of 3137.5 is above the 20-day moving average (MA) of 2700.54, above the 50-day MA of 2746.57, and above the 200-day MA of 2911.95, indicating a bearish trend. The MACD of -34.15 indicates Positive momentum. The RSI at 44.48 is Neutral, neither overbought nor oversold. The STOCH value of 39.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹175.96B | 20.06 | ― | 6.86% | 6.83% | 8.79% | |
68 Neutral | ₹133.50B | 42.68 | ― | 0.26% | 5.73% | -7.74% | |
65 Neutral | ₹351.41B | 71.27 | ― | 0.12% | 24.62% | 59.27% | |
64 Neutral | ₹174.82B | 18.06 | ― | 1.91% | 0.84% | -2.44% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | ₹109.82B | 23.92 | ― | 1.92% | 5.24% | 9.79% | |
56 Neutral | ₹25.16B | 25.16 | ― | 0.28% | 2.36% | -26.16% |
* Consumer Defensive Sector Average
IN:RADICO
Radico Khaitan Limited
2,624.45
379.46
16.90%
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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,...
Radico Khaitan to Set Up Wholly Owned Scotch-Focused Subsidiary in Scotland
Jan 22, 2026
Radico Khaitan Limited’s board has granted in-principle approval to incorporate a wholly owned subsidiary in Scotland, United Kingdom, to be named Radico Khaitan Scotland Ltd or another name approved by local authorities. The proposed subsid...
Radico Khaitan Releases Q3 FY2026 Earnings Presentation
Jan 22, 2026
Radico Khaitan Limited has released its earnings presentation for the unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, in compliance with disclosure requirements under Indian listing r...
Radico Khaitan Sets Q3 FY2026 Earnings Call for January 23
Jan 16, 2026
Radico Khaitan Limited has scheduled its Q3 FY2026 earnings conference call with analysts and investors for Friday, January 23, 2026, at 4:00 PM IST, providing universal access dial-in numbers for participants. The company noted that the call sche...
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.