Beverages
Valuation | |
|---|---|
| Market Cap | 34.93 kCr |
| Price/Earnings (Trailing) | 67.54 |
| Price/Sales (Trailing) | 1.72 |
| EV/EBITDA | 39.08 |
| Price/Free Cashflow | 220.91 |
| MarketCap/EBT | 50.74 |
| Enterprise Value | 35.38 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 20.29 kCr |
| Rev. Growth (Yr) | 22.2% |
| Earnings (TTM) | 517.09 Cr |
| Earnings Growth (Yr) | 62.3% |
Profitability | |
|---|---|
| Operating Margin | 3% |
| EBT Margin | 3% |
| Return on Equity | 17.37% |
| Return on Assets | 10.69% |
| Free Cashflow Yield | 0.45% |
Growth & Returns | |
|---|---|
| Price Change 1W | -4% |
| Price Change 1M | -7.8% |
| Price Change 6M | -10.1% |
| Price Change 1Y | 25.8% |
| 3Y Cumulative Return | 29.8% |
| 5Y Cumulative Return | 34% |
| 7Y Cumulative Return | 31.6% |
| 10Y Cumulative Return | 38.3% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -171.49 Cr |
| Cash Flow from Operations (TTM) | 362.86 Cr |
| Cash Flow from Financing (TTM) | -237.45 Cr |
| Cash & Equivalents | 35.2 Cr |
| Free Cash Flow (TTM) | 181.91 Cr |
| Free Cash Flow/Share (TTM) | 13.59 |
Balance Sheet | |
|---|---|
| Total Assets | 4.84 kCr |
| Total Liabilities | 1.86 kCr |
| Shareholder Equity | 2.98 kCr |
| Current Assets | 2.63 kCr |
| Current Liabilities | 1.59 kCr |
| Net PPE | 1.81 kCr |
| Inventory | 1.09 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.1 |
| Debt/Equity | 0.16 |
| Interest Coverage | 8.82 |
| Interest/Cashflow Ops | 5.79 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 4 |
| Dividend Yield | 0.15% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 0.20% |
Past Returns: Outperforming stock! In past three years, the stock has provided 29.8% return compared to 12.2% by NIFTY 50.
Smart Money: Smart money has been increasing their position in the stock.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Growth: Awesome revenue growth! Revenue grew 22.8% over last year and 61% in last three years on TTM basis.
Size: Market Cap wise it is among the top 20% companies of india.
Technicals: SharesGuru indicator is Bearish.
Momentum: Stock is suffering a negative price momentum. Stock is down -7.8% in last 30 days.
Past Returns: Outperforming stock! In past three years, the stock has provided 29.8% return compared to 12.2% by NIFTY 50.
Smart Money: Smart money has been increasing their position in the stock.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Strong Balance Sheet.
Growth: Awesome revenue growth! Revenue grew 22.8% over last year and 61% in last three years on TTM basis.
Size: Market Cap wise it is among the top 20% companies of india.
Technicals: SharesGuru indicator is Bearish.
Momentum: Stock is suffering a negative price momentum. Stock is down -7.8% in last 30 days.
Investor Care | |
|---|---|
| Dividend Yield | 0.15% |
| Dividend/Share (TTM) | 4 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 38.63 |
Financial Health | |
|---|---|
| Current Ratio | 1.65 |
| Debt/Equity | 0.16 |
Technical Indicators | |
|---|---|
| RSI (14d) | 29.94 |
| RSI (5d) | 4.35 |
| RSI (21d) | 34.65 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Buy |
| SharesGuru Signal | Sell |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal |
Summary of Radico Khaitan's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
In the earnings call for Q3 FY26 held on January 23, 2026, management provided an optimistic outlook for Radico Khaitan. Highlights from the management's presentation include:
Strong Financial Performance: The company achieved record volumes of 9.75 million cases, generating net revenue of Rs. 1,547 crores and an EBITDA of Rs. 265 crores.
Margin Expansion: The gross margin improved to 46.9%, reflecting a 350 basis points year-on-year expansion, primarily driven by favorable raw material costs and ongoing premiumization of the product mix. EBITDA margin expanded by 300 basis points to 17.2%.
Growth in Premium Brands: Key brands performed exceptionally well. Royal Ranthambore Whisky grew over 50%, Magic Moments Vodka saw an 18% increase, and After Dark Whisky recorded a 40% year-on-year growth.
Strategic Initiatives: Management noted that the launch of Rampur 1943 Virasat Indian Single Malt and strong traction from innovation in the premium portfolio reinforces the company's growth trajectory. The company's premium segment is anticipated to generate approximately Rs. 500 crores in revenue for the current fiscal year.
Future Guidance: Management expressed confidence in sustaining momentum, citing strong forward visibility, a robust balance sheet, and a stable cost environment. They project continued improvements in margins of 125 basis points each for the next two years due to premiumization.
Expansion into Scotland: A new wholly-owned subsidiary in Scotland will align with their strategy to enhance their malt capabilities, securing access to a matured malt supply chain.
In summary, Radico Khaitan is positioned for ongoing profitable growth driven by strategic brand positioning, a focus on premiumization, and operational efficiencies, with management anticipating continued positive results in the upcoming quarters.
Understand Radico Khaitan ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| SAPPHIRE INTREX LIMITED | 33.89% |
| RAMPUR INTERNATIONAL LIMITED | 3.92% |
| KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK NIFTY ALPH | 2.95% |
| CLASSIC FINTREX PRIVATE LTD | 1.92% |
| HSBC MUTUAL FUND - HSBC AGGRESSIVE HYBRID FUND | 1.81% |
| ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C | 1.77% |
Detailed comparison of Radico Khaitan against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| GLOBUSSPR | Globus Spirits | 2.48 kCr | 3.65 kCr | -7.70% | -0.90% | 32.65 | 0.68 | - | - |
Comprehensive comparison against sector averages
RADICO metrics compared to Beverages
| Category | RADICO | Beverages |
|---|---|---|
| PE | 67.54 | 53.73 |
| PS | 1.72 | 2.28 |
| Growth | 22.8 % | 8.7 % |
Radico Khaitan Limited engages in the manufacture and trading of Indian made foreign liquor (IMFL) and country liquor in India and internationally. It offers IMFL products in various categories of whisky, brandy, rum, gin, and vodka under the After Dark Whisky, Contessa Rum, Jaisalmer Indian Craft Gin, Magic Moments Vodka, Magic Moments Verve Vodka, Magic Moments Dazzle Vodka, Morpheus XO Brandy and Morpheus Blue Brandy, Old Admiral Brandy, Rampur Indian Single Malt Whisky, Royal Ranthambore Heritage Collection-Royal Crafted Whisky, 1965 The Spirit of Victory Premium XXX Rum, 1965 The Spirit of Victory Lemon Dash Premium Flavored Rum, 8PM Premium Black Whisky, 8PM Whisky, The KOHINOOR RESERVE INDIAN DARK RUM, Rampur Indian Single Malt Jugabandi series #3 and #4, MAGIC MOMENTS Remix Pink Vodka, SPIRIT OF VICTORY 1999 PURE MALT WHISKY, Happiness in a Bottle CRAFTED GIN, TROPICANA, Bermuda, WHYTEHALL, BRIHAN'S Napoleon Brandy, Carlo Rossi, and AFRI BULL CAFÉ RUM brand names. The company also provides bottling services to other spirit manufacturers. It offers its products to state government, state-owned corporation, canteen stores department, private distributors, and retailers in open market. The company also exports its products. The company was formerly known as Rampur Distillery Company. Radico Khaitan Limited was founded in 1943 and is based in New Delhi, India.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
| Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
RADICO vs Beverages (2021 - 2026)
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Question 1: "Apart from Andhra market, which other markets have you grown faster than the company average and gained market share?"
Answer: We've seen growth across multiple regions apart from Andhra, including Uttar Pradesh, Telangana, Rajasthan, Madhya Pradesh, and Haryana. These markets have outperformed our company average, showcasing our strong execution and brand positioning.
Question 2: "In UP, is there an increase in competition in the country liquor segment? Also, what about Telangana's route-to-market changes?"
Answer: UP has competitive dynamics, but we hold the largest market share in country liquor. In Telangana, there were initial sales slowdowns due to lottery impacts, but we saw a recovery in December, leading to an overall mid-single-digit growth for the quarter.
Question 3: "Are players becoming more competitive with the recent gross margin expansions?"
Answer: We believe alcohol is a lifestyle brand, and our strategy focuses on building brand equity rather than chasing volumes. Therefore, we are not witnessing aggressive pricing competition impacting our margins adversely.
Question 4: "What are the growth prospects for 8PM Premium Black and After Dark Whisky?"
Answer: 8PM Premium Black has seen a robust 40% growth due to packaging changes and expanded distribution. After Dark has also thrived, reporting 40% growth this quarter. Both brands are on successful trajectories.
Question 5: "What benefits do you expect from the new subsidiary in Scotland?"
Answer: Establishing the subsidiary will significantly enhance our access to matured malt supply and allow us to procure more competitively. We foresee potential investments as we scale up operations and strategically evaluate opportunities.
Question 6: "What is your strategy for the backlog of initiatives in Product & Advancement over the next 12 to 15 months?"
Answer: We aim to consolidate and improve distribution for our existing brands rather than launching many new ones. Focusing on refining our distribution will help us leverage the potential of our recent luxury brand launches.
Question 7: "What is the current on-trade vs off-trade sales percentage, and what actions are you taking in the on-trade market?"
Answer: On-trade sales currently represent about 6%-7% of total sales. We've significantly strengthened our on-trade teams and marketing partnerships, enhancing visibility and growth for our luxury brands in this segment.
Question 8: "What are your expectations for the Tequila category?"
Answer: Tequila is a premium margin business, but volumes will grow steadily as awareness expands in India. While we are not providing specific margin numbers yet, the outlook is optimistic.
Question 9: "Are you facing any issues in Telangana regarding collections?"
Answer: While collections have been slow, we are starting to see improved payments on outstanding dues. We remain hopeful that all overdue amounts will be cleared soon.
Question 10: "What are your insights on the newly introduced Maharashtra Made Liquor (MML) policy?"
Answer: MML has tightened competition and initially hurt sales; however, we are set to launch our MML offerings through our joint venture this month, which should position us better in that segment.
Question 11: "What are your expectations around investments post debt repayment?"
Answer: Post repayment, we plan to prioritize dividends to shareholders, maintaining a focus on prudent capital allocation for future growth.
Question 12: "Can you elaborate on the growth figures and expectations for your luxury portfolio?"
Answer: Last year, our luxury portfolio generated Rs. 340 crores, and we expect it to reach approximately Rs. 500 crores this year, indicating strong growth and market acceptance.
This format captures the essential Q&A elements from the transcript, ensuring clarity and conciseness while retaining important details.
| TATA BSE MULTICAP CONSUMPTION 50:30:20 INDEX FUND |
| 1.77% |
| TIMF HOLDINGS | 1.65% |
| TATA AIA LIFE INSURANCE CO LTD- STABLE GROWTH FUND | 1.52% |
| INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY M | 1.31% |
| EDELWEISS CONSUMPTION FUND | 1.17% |
| DSP DYNAMIC ASSET ALLOCATION FUND | 1.07% |
| THINK INDIA OPPORTUNITIES MASTER FUND LP | 1.07% |
| SMALLCAP WORLD FUND, INC | 1% |
| ABHISHEK KHAITAN | 0.27% |
| ABHISHEK FISCAL SERVICES PRIVATE LIMITED | 0.07% |
| ELKAY FISCAL SERVICES PRIVATE LIMITED | 0.05% |
| DEEPSHIKHA KHAITAN | 0.04% |
| SMITA FISCAL PRIVATE LIMITED | 0.03% |
| LALIT KUMAR KHAITAN | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| 1.5% |
| 5,210 |
| 5,134 |
| 4,365 |
| 4,312 |
| 3,798 |
| 4,168 |
| Profit Before exceptional items and Tax | 19.4% | 216 | 181 | 121 | 130 | 112 | 101 |
| Exceptional items before tax | -32.2% | -9.56 | -6.99 | 0 | 0 | 0 | 0 |
| Total profit before tax | 19.1% | 207 | 174 | 121 | 130 | 112 | 101 |
| Current tax | 22% | 51 | 42 | 28 | 32 | 27 | 25 |
| Deferred tax | -143.3% | 0.55 | 2.04 | 3.24 | 2.42 | 2.34 | -0.09 |
| Total tax | 18.6% | 52 | 44 | 31 | 34 | 30 | 25 |
| Total profit (loss) for period | 18.5% | 155 | 131 | 92 | 95 | 81 | 77 |
| Other comp. income net of taxes | -10.4% | -1.34 | -1.12 | -2.23 | -0.57 | -0.57 | -0.57 |
| Total Comprehensive Income | 19.5% | 154 | 129 | 90 | 95 | 80 | 77 |
| Earnings Per Share, Basic | 20.8% | 11.57 | 9.75 | 6.88 | 7.14 | 6.03 | 5.79 |
| Earnings Per Share, Diluted | 20.8% | 11.56 | 9.74 | 6.88 | 7.13 | 6.02 | 5.79 |
| 10.8% |
| 217 |
| 196 |
| 169 |
| 141 |
| 176 |
| 186 |
| Finance costs | 25.9% | 74 | 59 | 22 | 13 | 22 | 32 |
| Depreciation and Amortization | 23% | 140 | 114 | 71 | 65 | 54 | 53 |
| Other expenses | 8.2% | 13,434 | 12,416 | 10,389 | 10,350 | 8,580 | 7,604 |
| Total Expenses | 9.8% | 16,639 | 15,151 | 12,479 | 12,146 | 10,034 | 9,130 |
| Profit Before exceptional items and Tax | 36.1% | 465 | 342 | 275 | 335 | 353 | 297 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 0 | -24.17 |
| Total profit before tax | 36.1% | 465 | 342 | 275 | 335 | 353 | 273 |
| Current tax | 56.3% | 112 | 72 | 69 | 87 | 84 | 71 |
| Deferred tax | -46.8% | 7.91 | 14 | 1.47 | -3.45 | -1.82 | -25.76 |
| Total tax | 38.8% | 119 | 86 | 70 | 83 | 83 | 45 |
| Total profit (loss) for period | 34.9% | 345 | 256 | 204 | 252 | 271 | 228 |
| Other comp. income net of taxes | -7014.3% | -3.98 | 0.93 | -1.87 | 0.33 | -0.86 | -2.7 |
| Total Comprehensive Income | 32.8% | 341 | 257 | 203 | 252 | 270 | 225 |
| Earnings Per Share, Basic | 36.8% | 25.81 | 19.13 | 15.29 | 19.7 | 40.52 | 34.1 |
| Earnings Per Share, Diluted | 36.7% | 25.79 | 19.13 | 15.29 | 19.7 | 40.5 | 34.08 |
| 1,766 |
| 1,760 |
| 1,636 |
| 1,650 |
| 1,593 |
| 1,205 |
| Capital work-in-progress | 213.6% | 70 | 23 | 102 | 53 | 75 | 326 |
| Investment property | - | - | 0 | 0 | 0 | 0 | 0 |
| Non-current investments | 0% | 135 | 135 | 135 | 135 | 135 | 135 |
| Loans, non-current | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total non-current financial assets | 22.8% | 195 | 159 | 174 | 173 | 168 | 168 |
| Total non-current assets | 4.8% | 2,150 | 2,052 | 1,993 | 1,954 | 1,904 | 1,783 |
| Total assets | 4.4% | 4,777 | 4,576 | 4,350 | 4,033 | 3,953 | 3,663 |
| Borrowings, non-current | -60.8% | 61 | 154 | 222 | 290 | 358 | 287 |
| Total non-current financial liabilities | -60.1% | 62 | 154 | 283 | 351 | 401 | 287 |
| Provisions, non-current | - | 0 | 0 | 0 | 0 | 12 | 12 |
| Total non-current liabilities | -20.6% | 271 | 341 | 376 | 443 | 497 | 422 |
| Borrowings, current | -12% | 419 | 476 | 593 | 447 | 468 | 410 |
| Total current financial liabilities | -0.2% | 937 | 939 | 1,266 | 1,065 | 1,045 | 891 |
| Provisions, current | 4.2% | 26 | 25 | 20 | 20 | 8.89 | 8.45 |
| Current tax liabilities | 107.1% | 30 | 15 | 8.88 | 0 | 0 | 0 |
| Total current liabilities | 2.9% | 1,589 | 1,544 | 1,472 | 1,212 | 1,214 | 1,089 |
| Total liabilities | -1.4% | 1,859 | 1,885 | 1,848 | 1,655 | 1,711 | 1,511 |
| Equity share capital | 0% | 27 | 27 | 27 | 27 | 27 | 27 |
| Total equity | 8.4% | 2,917 | 2,691 | 2,502 | 2,377 | 2,242 | 2,152 |
| Total equity and liabilities | 4.4% | 4,777 | 4,576 | 4,350 | 4,033 | 3,953 | 3,663 |
| 23.6% |
| 90 |
| 73 |
| 72 |
| 91 |
| - |
| - |
| Net Cashflows From Operating Activities | 98.4% | 362 | 183 | 224 | 220 | - | - |
| Cashflows used in obtaining control of subsidiaries | - | 0 | 0 | 0 | 0.01 | - | - |
| Proceeds from sales of PPE | -46.1% | 7.47 | 13 | 29 | 0.44 | - | - |
| Purchase of property, plant and equipment | -28.7% | 180 | 252 | 713 | 67 | - | - |
| Proceeds from sales of investment property | -11.6% | 0.04 | 0.14 | 1.25 | 0 | - | - |
| Purchase of other long-term assets | - | 0 | 0 | 0 | 68 | - | - |
| Dividends received | -138.5% | 0 | 3.6 | 0 | 3.93 | - | - |
| Interest received | -20.7% | 3.75 | 4.47 | 2.57 | 4.99 | - | - |
| Other inflows (outflows) of cash | 77.6% | -1.81 | -11.54 | -4.52 | -0.74 | - | - |
| Net Cashflows From Investing Activities | 29.5% | -170.64 | -242.56 | -684.1 | -107.25 | - | - |
| Proceeds from issuing shares | 203.4% | 9.04 | 3.65 | 0 | 0 | - | - |
| Proceeds from exercise of stock options | - | 0 | 0 | 0 | 1.15 | - | - |
| Proceeds from borrowings | -70.8% | 29 | 97 | 324 | 3.61 | - | - |
| Repayments of borrowings | 453.5% | 136 | -37.19 | -225.02 | 88 | - | - |
| Payments of lease liabilities | 71.4% | 25 | 15 | 8.16 | 5.95 | - | - |
| Dividends paid | 0% | 40 | 40 | 40 | 32 | - | - |
| Interest paid | 27.6% | 75 | 59 | 19 | 12 | - | - |
| Net Cashflows from Financing Activities | -1136.7% | -237.45 | 24 | 482 | -133.8 | - | - |
| Net change in cash and cash eq. | -27.1% | -45.98 | -35.96 | 22 | -21.11 | - | - |