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Radico Khaitan Ltd (RADICO) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

BSE: 532497 NSE: RADICO | Breweries & Distilleries | Mid Cap

Radico Khaitan Share Price

3,188.25 152.55 (5.03%)
As on 17-Apr'26 16:59

Radico Khaitan Ltd (RADICO)

BSE: 532497 NSE: RADICO
Key Metrics
Market Cap
₹42,690 Cr.
P/E Ratio
82.40
Price to Book (P/B)
13.89
Price to Sales (P/S)
2.11
EV/EBITDA
46.58
Return on Capital Employed (ROCE)
15.40%
Current Price
₹3,188.3
Return on Equity (ROE)
13.66%
Return on Assets (ROA)
8.02%
Operating Profit Margin
13.8%
Net Profit Margin
7.12%
Gross Profit Margin
3.5%
Book Value per Share
₹229.5
Sales Growth (YoY)
17.79%
Sales Growth (3 Years)
19.15%
Operating Profit Growth (1 Year)
33.09%
Operating Profit Growth (3 Years)
19.02%
Net Profit Growth (1 Year)
34.97%
52-Week Low / High
₹2,310 / 3,695
Net Profit Growth (3 Years)
11.03%
Dividend Yield
0.16%
Promoter Holding
40.20%
Pledged shares (%)
of Promoter's holding (%)
0.00%

Check Before You Invest

Q.1 Revenue growth of Radico Khaitan Ltd?
Radico Khaitan Ltd revenue growth is 17.8% for FY-2025 , which is above its 5 year CAGR of 14.9% , indicating faster growth.
Q.1 Promoter shareholding and pledge status of Radico Khaitan Ltd?
Promoters hold 40.20% of the Radico Khaitan Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Revenue growth of Radico Khaitan Ltd vs industry peers?
Radico Khaitan Ltd revenue CAGR is 14.86% , compared to the industry median CAGR of 6.49% , indicating faster growth and gaining its market share.
Q.1 Which industry/sub-sector does Radico Khaitan Ltd belong to?
Radico Khaitan Ltd belongs to the FMCG sector, operating specifically within the Breweries & Distilleries segment.
Q.1 Stock return of Radico Khaitan Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 43.2% based on the current price.

DeciZen - make an informed investing decision on Radico Khaitan

Based on:

Overall Rating
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1. Quality


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2. Valuation


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3. Price Trend


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Radico Khaitan stock performance

Key Ratios
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Is Radico Khaitan Ltd an attractive stock to invest in?


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10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Radico Khaitan Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 10.2%10.1%14.4%19%17.1%19%16.6%11.8%13%15.4%-
Value Creation
Index
-0.3-0.30.00.40.30.40.2-0.10.20.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,6521,6801,8232,0972,4272,3992,8683,1434,1194,85120,280
Sales YoY Gr.-1.7%8.5%15%15.7%-1.2%19.6%9.6%31.1%17.8%-
Adj EPS 6.76.19.114.218.120.318.614.91925.638.7
YoY Gr.--9.8%50.4%56.4%27.3%11.8%-8.1%-19.9%27.2%34.8%-
BVPS (₹) 72.477.485.798.5113.9132148.5160.7177.3200.6229.5
Adj Net
Profit
89.280.5121190242271249199254342518
Cash Flow from Ops. -3925231630959.7370221224166362-
Debt/CF from Ops. -24.63.21.91.16.70.70.93.15.72.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.7%14.9%19.2%17.8%
Adj EPS 16%7.1%11.2%34.8%
BVPS12%12%10.5%13.1%
Share Price 43.1% 43.9% 42.1% 29.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
108.111.215.517.116.513.39.611.213.518
Op. Profit
Mgn %
12.712.714.716.915.217.113.911.212.213.84.5
Net Profit
Mgn %
5.44.86.79.11011.38.76.36.27.12.6
Debt to
Equity
10.80.50.30.30.20.10.30.40.4-
Working Cap
Days
118100755960595154465024
Cash Conv.
Cycle
27205-6-5-9-46121810

Recent Performance Summary

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Latest Financials

Standalone Consolidated
TTM EPS (₹) 38.7 38.6
TTM Sales (₹ Cr.) 20,280 20,280
BVPS (₹) 229.5 234
Reserves (₹ Cr.) 3,046 3,106
P/BV 13.89 13.63
PE 82.40 82.56
From the Market
52 Week Low / High (₹) 2310.20 / 3695.00
All Time Low / High (₹) 6.10 / 3695.00
Market Cap (₹ Cr.) 42,690
Equity (₹ Cr.) 26.8
Face Value (₹) 2
Industry PE 56.6

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Valuation of Radico Khaitan - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

data not found
No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,6521,6801,8232,0972,4272,3992,8683,1434,1194,851
Operating Expenses + 1,4641,4691,5561,7462,0591,9902,4712,7903,6164,182
Manufacturing Costs4964795606427227589601,1911,3531,541
Material Costs4985404924896536338419001,3651,642
Employee Cost 128141155171186124141169196217
Other Costs 342310349443498475528530702782
Operating Profit 188211267351368409397353503669
Operating Profit Margin (%) 11.4%12.5%14.6%16.7%15.2%17.0%13.8%11.2%12.2%13.8%
Other Income + 39213013132116151210
Exceptional Items 0000-2400000
Interest 85816936322213226074
Depreciation 4342414253546571114140
Profit Before Tax 99109187286273353335275342465
Tax 252964984583837086119
Profit After Tax 7380123188228271252204256345
PAT Margin (%) 4.5%4.8%6.8%9.0%9.4%11.3%8.8%6.5%6.2%7.1%
Adjusted EPS (₹)5.56.09.314.117.020.318.915.319.125.8
Dividend Payout Ratio (%)14%13%11%9%12%12%16%20%16%16%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 9631,0291,1421,3151,5201,7641,9852,1482,3712,684
Share Capital 27272727272727272727
Reserves 9361,0021,1151,2881,4941,7371,9592,1212,3442,657
Debt +816654522323399272190655814847
Long Term Debt1961033422205287290154
Short Term Debt620551488302397272185368524693
Minority Interest0000000000
Trade Payables176185214245264262235275248313
Others Liabilities 357352353348533451573586600733
Total Liabilities 2,3112,2202,2312,2312,7172,7492,9843,6634,0334,576

Fixed Assets

Net Fixed Assets +7297046857147438108211,2131,6571,767
Gross Block7727878038689371,0551,1251,5482,0982,341
Accumulated Depreciation4384118154193245304335441574
CWIP 2220161838303275423
Investments 205205205155155155135135135135
Inventories2742933113603744895377157801,077
Trade Receivables6116246306428236977568249781,182
Cash Equivalents 131422181813010913110057
Others Assets 477378357326584429596318328335
Total Assets 2,3112,2202,2312,2312,7172,7492,9843,6634,0334,576

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -3925231630960370221224166362
PBT 99109187286273353335275342465
Adjustment 1191059374106657697180215
Changes in Working Capital -236537126-23426-100-76-283-227
Tax Paid -21-15-36-77-85-74-91-72-73-90
Cash Flow From Investing Activity + 843-21-7-67-76-108-684-226-171
Capex -42-18-23-72-70-0-136-683-226-173
Net Investments 01-1511-12219-3-8-2
Others 125203152459384
Cash Flow From Financing Activity + -87-234-293-2269-183-13448224-237
Net Proceeds from Shares 0031101049
Net Proceeds from Borrowing -128-92-69-13-20-1432497-136
Interest Paid -85-80-70-37-28-23-13-20-59-75
Dividend Paid -11-11-11-13-16-27-32-40-40-40
Others 137-51-146-16473-133-93218224
Net Cash Flow -42212762111-2122-36-46

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)8.248.0411.3715.3116.0516.4813.459.8911.3213.66
ROCE (%)10.2310.1114.3618.9917.0518.9716.5511.8313.0115.4
Asset Turnover Ratio1.942.152.823.613.813.844.353.834.023.97
PAT to CFO Conversion(x)-0.533.152.571.640.261.370.881.10.651.05
Working Capital Days
Receivable Days47463729282621232123
Inventory Days21211815141515181820
Payable Days1101221481711421521081047062

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Radico Khaitan Ltd FAQs

The current trading price of Radico Khaitan on 17-Apr-2026 16:59 is ₹3,188.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 the market cap of Radico Khaitan stood at ₹42,690 Cr

The latest P/E ratio of Radico Khaitan as of 16-Apr-2026 is 82.40.

The latest P/B ratio of Radico Khaitan as of 16-Apr-2026 is 13.89.

The 52-week high of Radico Khaitan is ₹3,695 and the 52-week low is ₹2,310.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Radico Khaitan is ₹20,280 ( Cr.) .

About Radico Khaitan Ltd

Radico Khaitan (RKL), formerly known as Rampur Distillery, stands as one of the oldest and largest alcohol manufacturing companies in India. Established in 1943, RKL began as a bulk spirits supplier and has since evolved into a leading producer of branded liquor in India, known for its innovation, quality, and craftsmanship. With years of expertise in distillation, Radico Khaitan has transformed from a contract distiller into one of the top alcohol brands in India. The company’s journey took a defining turn in 1998 with the launch of 8PM Whisky, marking its foray into creating its own best Indian liquor brands.

Recognised as one of the most respected liquor manufacturing companies in India, Radico Khaitan’s in-house innovation, R&D capabilities, and deep understanding of consumer preferences have helped it create premium alcohol brands that resonate with Indian and international audiences alike. Many of its products are also regarded as expensive alcohol brands in India, representing excellence in craftsmanship and quality. The company is one of the largest suppliers of branded liquor in India to the Canteen Stores Department (CSD) and exports to various countries worldwide.

Business area of the company

The company is one of India’s oldest and largest Indian Made Foreign Liquor (IMFL) manufacturing companies, with a portfolio of award-winning brands spanning whisky, vodka, gin, brandy, rum and now, liqueurs. A pioneer in innovation-led premiumisation, it caters to both domestic and global markets with offerings that seamlessly blend heritage and craftsmanship.

Brands of the company 

International

  • Premium Drinks: Rampur Double Cask, Rampur Asava, Rampur Indian Single Malt Whisky, Jaisalmer, Rampur Sherry PX.
  • Whisky: 8PM Grain Blended Master’s Reserve, 8PM Fire, 8PM Honey, After Dark, Regal Talons, Whytehall Whisky, Whytehall Fire, Whytehall Honey.
  • Rum: Contessa Rum, Contessa Double Choco Rum, Contessa Coffee Rum, Contessa Cola Rum, Contessa White Rum, Afri Bull.
  • Brandy: Morpheus Blue XO Premium Brandy, Morpheus XO Brandy, Old Admiral.
  • Vodka: Magic Moment Verve, Magic Moments Remix, Magic Moments.

Domestic

  • Premium Brands: Rampur Double Cask, Rampur Asava, Jaisalmer, Royal Ranthambore, Magic Moment Dazzle Gold, Magic Moment Dazzle Vanilla.
  • Whisky: Royal Ranthambore, 8PM Premium Black Whisky, After Dark, 8PM Whisky.
  • Rum: 1965 Premium XXX Rum, 8PM Bermuda Rum, Contessa XXX Rum.
  • Brandy: Morpheus Blue XO Premium Brandy, Morpheus XO Brandy, Whytehall Premium Brandy, Old Admiral Brandy.
  • Vodka: Magic Moment Verve, Magic Moments, Magic Moment Remix, Magic Moment Dazzle Gold, Magic Moment Dazzle Vanilla.

Defence

  • Whisky: After Dark, 8PM Grain Blended Whisky, Whytehall Classic Deluxe Whisky.
  • Rum: 1965 Premium XXX Rum, Contessa XXX Rum, 8PM Bermuda Rum, Tropicana.
  • Brandy: Morpheus XO Brandy, Old Admiral Brandy.
  • Vodka: Magic Moment Verve, Magic Moments Remix, Magic Moments.
  • Wine: Carlo Rossi Red, Carlo Rossi White.

Awards

FY2018-19

  • Rated as the Best Gin produced out of Asia in 2019 at The Gin Guide Awards, the most respected honour for Gin in the world
  • Won double Gold Medal at the San Francisco World Spirits Competition in 2017 Whisky Advocate Magazine ranked it among the Top 20 Whiskies of the World at 5th position
  • Won Gold five times at the Global Monde Selection Awards in the calendar years - 2011, 2015, 2016, 2017 and 2018
  • Won Gold at the Global Monde Selection Awards in the calendar year 2019
  • Won Gold twice at the Global Monde Selection Awards in the calendar years - 2018 and 2019
  • Won Gold at the Global Monde Selection Awards in the calendar year 2019

FY2019-20

  • Won Grand Gold at the Global Monde Selection Awards in the calendar year 2020
  • Rated as the Best Gin produced out of Asia in 2019 at
  • The Gin Guide Awards, the most respected honour for Gin in the world
  • Gold Medal by The Fifty Best New York 2020
  • Scored 95 points in Ultimate Spirits Challenge 2020
FY2020-21

  • Magic Moments Vodka Ranked 11th largest vodka globally by the Millionaires’ Club, 2021.
  • Magic Moments Premium Grain Vodka and Lemon flavour won Gold awards at the Monde Selection, 2021.
  • Morpheus XO Brandy Won Gold six times at the Monde Selection Awards in the calendar years – 2011, 2015, 2016, 2017, 2018 and 2021.
  • Morpheus Blue XO Premium Brandy won International High Quality Trophy and Gold award (for the third consecutive year) at the Monde Selection, 2021.
  • Old Admiral Brandy Ranked as the world’s 2nd largest selling brandy by the Drink International Millionaires’ Club 2021 rankings.
FY2021-22

  • Rampur Indian Single Malt featured in Jim Murray’s Whisky Bible 2022.
  • Rampur Asava ranked 7 among the top 20 whiskeys of the world of 2021 by the Whiskey Advocate Magazine.
  • Rampur Asava won the Gold Medal at The Fifty Best awards in 2021.
  • Rampur Double Cask received the Gold rating at the Whiskies of the World, 2021.
  • Magic Moments Premium Grain Vodka won Gold award for the second consecutive year at the Monde Selection, 2022.
  • Lemongrass & Ginger Vodka won Gold award at the Monde Selection, 2022.
  • Verve Lemon Lush won Gold for the second consecutive year at the Monde Selection, 2022.
FY2022-23

  • Rampur Asava featured in Ian Buxton’s “101 Craft and World Whiskies to Try Before you Die”.
  • Rampur Asava won Double Gold Medal Winner in Fifty Best World Whisky 2022.
  • Contessa Rum ranked 7th largest Rum globally by The Millionaires’ Club, 2023.
  • Contessa Rum ranked 8th best-selling Rum by the Spirits Business Brand Champions, 2023.
  • Old Admiral Brandy ranked as the world’s 4th largest selling and 3rd fastest growing brandy by the Millionaires’ Club, 2023.
  • Old Admiral Brandy ranked 2nd best-selling Brandy globally by The Spirits Business Brand Champions, 2023.
FY2023-24

  • Verve Lemon Lush won Gold for the three consecutive years at the Monde Selection, 2021, 2022 and 2023, and International High-Quality Trophy.
  • Magic Moments Premium Grain Vodka won Gold award for the three consecutive years at the Monde Selection, 2021, 2022 and 2023, and International High Quality Trophy.
  • 8PM Premium Black Whisky Won the Gold award (for the fifth consecutive year) at the Monde Selection, 2023.
FY2024-25

  • Rampur Double Cask won Gold Medal at Eurasia Spirits Drinks 2024.
  • Rampur Asava won Gold at London Spirit Competition 2024.
  • Jaisalmer Indian Craft Gin won Gold at London Spirit Competition 2024

Milestones

First phase (1943-1996)

  • The Rampur Distillery Company was established when it was a part of Khaitan family with a focus on distilling and bottling. The company manufactured high quality spirit for branded players and the armed forces’ canteen stores.
  • Gained significant experience as manufacturer of spirits and bottler for other companies.
  • Mr. Abhishek Khaitan, present Managing Director (MD) joined the family business and instilled the idea of creating own brands.

Second phase (1997-2006)

Established platform for the branded journey

  • Started the branded IMFL division and launched its first brand, 8PM whisky, becoming a millionaire brand within the first year of its launch.
  • Launched Old Admiral brandy in the regular category, became one of the leading brands in Canteen Stores Department (CSD).
  • Achieved sales volume of 10 million cases.
  • Made investment at the Rampur facility for creating a strong manufacturing platform for IMFL.
  • Developed a pan-India distribution and sales setup.

Third phase (2006 onwards)

  • After creating brands in the high-volume regular categories, launched the first product in the premium category, Magic Moments vodka.
  • Launched Morpheus super premium brandy; Magic Moments became a millionaire brand.
  • Launched After Dark, a premium category whisky.
  • Launched Magic Moments Verve, a superpremium vodka followed by flavours of Verve.
  • Launched Electra, a premium ready-to-drink vodka-based cocktail.
  • Launched 1965- The Spirit of Victory premium rum, exclusively in CSD, commemorating India’s victory in the 1965 war; it built an emotional connect with the soldiers and the armed forces.
  • Launched Rampur Indian single malt luxury whisky.
  • Launched Regal Talons semi-deluxe whisky.
  • Launched Pluton Bay Premium rum.
  • Launched Jaisalmer, a luxury Indian craft gin, 8PM Premium Black whisky, and Morpheus Blue super premium brandy.
  • Launched newer expressions of Rampur Indian Single Malt - Rampur Sherry PX Finish and Rampur Double Cask.

Products launch timelines

  • 1981: Contessa XXX Rum (in CSD)
  • 1998: 8 PM Whisky
  • 2002: Old Admiral Brandy
  • 2004: Whytehall Whisky
  • 2006: Magic Moments Vodka
  • 2008: Magic Moments Remix Vodka (Flavoured)
  • 2009: Morpheus Premium Brandy
  • 2011: After Dark Fine Grain Whisky
  • 2012: Magic Moments Verve Vodka
  • 2013: Morpheus Blue Super Premium Brandy
  • 2014: Green Apple and Orange Flavours of Magic Moments Verve Vodka
  • 2015: Magic Moments Electra (Ready to Drink)
  • 2016: Rampur Indian Single Malt Whisky and Regal Talons Semi Delux Whisky
  • 2017: Pluton Bay Premium Rum and 1965 The Spirit of Victory Premium Rum
  • 2018: 8 PM Premium Black Whisky, Jaisalmer Indian Craft Gin and Whytehall Rare Premium Brandy
  • 2019: Launched select expressions of Rampur Indian Single Malt - Rampur PX Sherry and Rampur Double Cask.
  • 2022: Radico Khaitan launches ‘Magic Moments Vodka Cocktails’
  • 2023: Radico Khaitan launches Magic Moments Remix Pink Vodka
  • 2023: Radico Khaitan launches ‘Happiness in a Bottle: A Happily Crafted Gin’.
  • 2023: Radico Khaitan unveils Sangam World Malt Whisky at ProWein
  • 2024: Radico Khaitan launches Jaisalmer Indian Craft Gin ‘Gold Edition’
  • 2024: Radico Khaitan launches Kohinoor Reserve Indian Dark Rum at IAADFS Summit 2024
  • 2024: Radico Khaitan launches ‘Spirit of Victory 1999 Pure Malt Whisky’
  • 2025: Radico Khaitan launches TRIKAL Indian Single Malt-Eternal Whisky
  • 2025: Radico Khaitan launches Magic Moments Flavours of India
  • 2025: Radico Khaitan launches vodka brand ‘The Spirit of Kashmyr’
  • 2025: Radico Khaitan launches Jamun SpicyMint under Magic Moments Flavours of India.
  • 2025: Radico Khaitan launches coffee-infused rum. 
  • 2025: Radico Khaitan launches Rampur 1943 Virasat Indian Single Malt.

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