Ravikumar Distilleries Ltd. (RKDL) AI Stock Analysis

• Market Cap: ₹492.72M
• Dividend Yield: N/A
• Average Volume (3M): 8.76K
• Price to Earnings (P/E): 412.2
• Beta (1Y): 1.15
• Revenue Growth: 4.30%
• EPS Growth: -40.22%
• Country: IN
• Employees: 59
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Wineries & Distilleries
• EPS (TTM): 0.02
• Shares Outstanding: 24,000,000
• 10 Day Avg. Volume: 3,772
• 30 Day Avg. Volume: 8,761
• PEG Ratio: -4.60
• Price to Book (P/B): 1.55
• Price to Sales (P/S): 1.74
• P/FCF Ratio: -103.98
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: ₹18.50 ▼(-23.55% Downside)

The score is held down primarily by weak profitability and negative cash flow despite strong revenue growth, alongside bearish technicals with the stock trading below key moving averages. An extremely high P/E further pressures the overall rating.

Positive Factors

Revenue Growth

Sustained 36% revenue growth indicates solid market traction and expanding distribution. Over 2–6 months this growth can support scale benefits, fund reinvestment in brands and capacity, and improve negotiating power with retailers if profitability and cash conversion are addressed.

Product & Brand Diversification

A broad portfolio across whiskey, rum, vodka and flavored liquors reduces reliance on a single segment and enables cross‑channel distribution. Durable brand diversification supports resilience to shifts in consumer tastes and aids entry to new domestic and export markets over the medium term.

Moderate Leverage

A D/E near 1.0 signals balanced use of debt to fund growth without extreme leverage. This structural position can allow the company to finance capacity or marketing initiatives while retaining room to refinance, provided cash generation and margins improve to service obligations sustainably.

Negative Factors

Weak Profitability

Low gross margin and negative EBIT point to structural margin pressure from cost base, pricing, or mix. Over months this limits internal funding for marketing and capex, reduces ability to reward shareholders, and necessitates operational or pricing changes to restore sustainable profitability.

Poor Cash Generation

Persistent negative free cash flow and operating cash conversion create lasting financing risk, reducing flexibility to invest or absorb shocks. Without a durable turnaround in OCF, the company may need external financing, increasing cost of capital and constraining long‑term strategic initiatives.

Very Low Returns

ROE near zero indicates the business is generating minimal returns on shareholder capital. Structurally, this discourages reinvestment and can impair ability to attract partners or capital. Sustained ROE improvement requires both margin recovery and better capital efficiency.

Ravikumar Distilleries Ltd. Business Overview & Revenue Model

Company Description

Ravi Kumar Distilleries Limited engages in the manufacture and sale of Indian made foreign liquors in India. The company provides whisky, brandy, rum, gin, and vodka under the Capricorn, Jean Brothers, Black Berry, 2Barrels, Green Magic, Chevalier, and Once More brands. It also designs and erects liquor plants on turnkey basis; and operates as a consultant for source and supply of liquor, beer, wine, etc. Ravi Kumar Distilleries Limited was incorporated in 1993 and is based in Puducherry, India.

How the Company Makes Money

RKDL generates revenue primarily through the sale of its alcoholic beverages across various markets. The company leverages multiple revenue streams, including direct sales to consumers, distribution agreements with retail chains, and partnerships with bars and restaurants. Additionally, RKDL invests in marketing campaigns to enhance brand visibility, which drives sales growth. The company may also benefit from exporting its products to international markets, further diversifying its revenue sources. Strategic collaborations with local distributors and participation in trade shows contribute to expanding its market reach and boosting overall earnings.

Ravikumar Distilleries Ltd. Financial Statement Overview

Summary

Strong revenue growth (36%) is offset by weak profitability (gross margin 14.4%, EBIT margin -7.5%) and very weak cash generation (negative free cash flow and negative operating cash flow to net income). Balance sheet leverage is moderate (D/E 0.97) but returns are low (ROE 0.32%).

Income Statement

The company has shown significant revenue growth from 2024 to 2025, with a Revenue Growth Rate of 36%. However, profitability remains a concern with low Gross Profit Margin at 14.4% and negative EBIT Margin at -7.5%. The Net Profit Margin improved to a marginal 0.36% from a negative position in the previous year, indicating some progress but still far from strong profitability.

Balance Sheet

The Debt-to-Equity Ratio is at 0.97, indicating a balanced leverage position. The Return on Equity is very low at 0.32%, suggesting weak profitability relative to equity. The Equity Ratio stands at about 31.7%, reflecting moderate financial stability but room for improvement in equity financing.

Cash Flow

The company has a negative Free Cash Flow, with a Free Cash Flow Growth Rate that remains negative, indicating cash management challenges. The Operating Cash Flow to Net Income Ratio is negative, reflecting a lack of operational efficiency in generating cash from operations relative to net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	360.46M	371.53M	283.86M	278.66M	105.01M	2.15M
Gross Profit	57.30M	53.47M	53.55M	35.11M	24.76M	-28.25M
EBITDA	6.09M	6.11M	-15.06M	-19.17M	-127.90M	-68.55M
Net Income	1.21M	1.32M	-19.45M	-22.80M	-132.32M	-73.38M
Balance Sheet
Total Assets	0.00	1.32B	1.29B	1.30B	1.30B	1.36B
Cash, Cash Equivalents and Short-Term Investments	25.67M	25.67M	26.00M	25.58M	27.22M	25.50M
Total Debt	0.00	404.80M	396.87M	390.15M	322.92M	317.41M
Total Liabilities	-419.01M	901.90M	874.90M	865.39M	837.74M	772.62M
Stockholders Equity	419.01M	419.01M	417.37M	436.34M	458.11M	588.86M
Cash Flow
Free Cash Flow	0.00	-6.23M	-1.25M	-87.27M	-28.41M	-1.86M
Operating Cash Flow	0.00	-4.40M	1.35M	-87.14M	-27.75M	-1.86M
Investing Cash Flow	0.00	-1.83M	-2.60M	-132.00K	8.33M	0.00
Financing Cash Flow	0.00	5.90M	1.67M	85.63M	21.12M	-245.00K

Ravikumar Distilleries Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 24.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:RKDL, the sentiment is Negative. The current price of 24.2 is above the 20-day moving average (MA) of 20.92, above the 50-day MA of 22.86, and below the 200-day MA of 26.89, indicating a bearish trend. The MACD of -0.84 indicates Negative momentum. The RSI at 44.39 is Neutral, neither overbought nor oversold. The STOCH value of 44.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:RKDL.

Ravikumar Distilleries Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GMBREW	75 Outperform	₹24.25B	13.91	―	0.72%	―	―
TI	66 Neutral	₹93.83B	32.07	―	0.21%	3.35%	56.08%
ASALCBR	66 Neutral	₹16.92B	18.97	―	0.21%	16.02%	48.63%
SDBL	63 Neutral	₹18.31B	17.85	―	―	-0.87%	10.87%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SULA	57 Neutral	₹15.94B	31.31	―	1.67%	-2.15%	-42.78%
RKDL	41 Neutral	₹492.72M	412.25	―	―	4.30%	-40.22%