MarketFriction

Radico Khaitan Ltd

NSE RADICO · BSE 532497 · Breweries & Distilleries
₹4,237.00 -2.95%
NSE close2026-10-01
52 week range2,500.00 - 4,747.00
Market cap₹58,473 Cr.
P/E82.3
Nifty 200Nifty 500Nifty Midcap 100Midcap 150Nifty FMCG No price band Delivery 56.1%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9251,1611,0791,1371,1161,2941,3041,5061,4941,5471,5041,684
Expenses8041,0189599909551,1111,1271,2741,2561,2801,2191,335
Operating Profit121143120147162183178232238267284349
OPM %13%12%11%13%14%14%14%15%16%17%19%21%
Other Income4622113-53-7109
Interest121817161720221616161512
Depreciation263232333636363637374241
Profit before tax869974100110129123175187206237305
Tax %25%24%27%25%27%26%25%25%25%25%24%25%
Net Profit65755475819592131140155179230
EPS in Rs4.855.624.035.646.037.146.889.7510.4211.5713.4017.14
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,6431,6571,7972,0632,3952,3742,8593,1334,1064,8436,0376,228
Expenses1,4521,4441,5261,7132,0231,9652,4572,7753,5994,1695,0155,090
Operating Profit1912142703513724094023595076741,0221,138
OPM %12%13%15%17%16%17%14%11%12%14%17%18%
Other Income41182713-1514725155115
Interest858169363222132260746560
Depreciation4342414253546571114140153158
Profit before tax103109188286273347332291348465805935
Tax %24%26%34%34%17%24%25%24%25%26%25%
Net Profit7880124194229277263220262346604704
EPS in Rs5.876.039.3014.5517.1620.7519.6916.4819.6125.8345.1452.53
Dividend Payout %14%13%11%8%12%12%15%18%15%15%20%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%21%24%19%
Compounded Profit Growth23%17%41%76%
Stock Price CAGR43%37%54%51%
Return on Equity14%14%15%20%
Mar 2007Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital192727272727272727272727
Reserves1669511,0181,1301,3091,5161,7662,0002,1812,4132,7273,289
Borrowings690960799592337400288202754818750498
Other Liabilities1333903924985815405435557628461,1631,181
Total Liabilities1,0072,3272,2352,2472,2532,4832,6242,7843,7244,1044,6684,995
Fixed Assets2857297046857147438108211,2341,7001,8111,910
CWIP44222016183830327542376
Investments10220220220176178184175191198198240
Other Assets6681,3761,3091,3211,3471,5431,5921,7571,9712,1522,6352,769
Total Assets1,0072,3272,2352,2472,2532,4832,6242,7843,7244,1044,6684,995
Mar 2007Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-3625031630960370222239166363743
Cash from Investing Activity815-21-7-67-76-108-705-226-171-266
Cash from Financing Activity-87-234-293-2269-183-13448724-237-446
Net Cash Flow-42212762111-2021-36-4630
Free Cash Flow-4232272237-2024186-466-60189504
CFO/OP-8%124%130%110%39%109%78%87%47%67%90%
Mar 2007Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days961361371281141251079696878972
Inventory Days155113199231270209283234292211246221
Days Payable160720159183148151102112123148117
Cash Conversion Cycle91176336201201187239228277175187177
Working Capital Days221362044768510410975677271
ROCE %14%10%14%19%18%18%16%12%13%16%24%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters40.26%40.26%40.26%40.26%40.24%40.24%40.23%40.23%40.21%40.21%40.20%40.19%
FIIs18.18%19.01%18.58%18.82%18.60%17.71%16.95%17.77%18.00%19.82%17.63%18.20%
DIIs23.92%23.99%24.72%24.47%24.70%25.56%26.77%25.96%25.48%24.03%27.35%28.08%
Public17.63%16.75%16.45%16.44%16.45%16.48%16.04%16.03%16.31%15.96%14.82%13.51%
No. of Shareholders1,15,4301,12,8001,11,7811,14,6811,23,7411,29,5001,30,9251,39,9741,49,2511,56,5251,52,0361,47,064

Fundamentals

Market Cap₹ 58,473 Cr.
Current Price₹ 4,364
Stock P/E82.3
Book Value₹ 248
ROCE24.2 %
ROE20.3 %
Dividend Yield0.21 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)76%
Consolidated figures.
Valuation
Market capRs 56,733 Cr
Enterprise valueRs 57,143 Cr
P/E (TTM)80.64x
Price to book17.11x
Price to sales9.11x
EV / EBITDA49.55x
EV / EBIT57.42x
EV / sales9.18x
Price to cash flow76.39x
Earnings yield1.24%
Dividend yield0.21%
P/E, 3-year average80.13x
P/B, 3-year average10.63x
P/E, 5-year average71.59x
P/B, 5-year average9.00x
Profitability
Operating margin (excl. other income)16.93%
Operating margin (incl. other income)16.94%
EBITDA margin18.52%
Pre-tax margin15.02%
Net profit margin11.30%
Net margin, latest quarter13.64%
ROE19.92%
ROCE23.77%
ROA12.51%
ROE, 3-year average14.84%
ROCE, 3-year average17.61%
ROA, 3-year average9.03%
ROE, 5-year average13.74%
ROCE, 5-year average16.18%
ROA, 5-year average8.72%
ROIC (approx.)20.05%
Tax rate24.93%
Other income / net worth0.02%
Growth
Sales growth (latest year)24.66%
Profit growth (latest year)74.90%
Sales CAGR, 3 years24.43%
Sales CAGR, 5 years20.52%
Profit CAGR, 3 years39.99%
Profit CAGR, 5 years16.88%
Sales growth QoQ11.97%
Profit growth QoQ27.94%
Sales growth YoY (latest quarter)11.80%
Profit growth YoY (latest quarter)75.91%
Per share
EPS (TTM)Rs 52.54
EPS (latest year)Rs 45.14
EPS (latest quarter)Rs 17.15
EPS, 3-year averageRs 30.19
EPS, 5-year averageRs 25.35
Book value per shareRs 247.63
Sales per shareRs 465.14
Cash flow per shareRs 55.46
Free cash flow per shareRs 37.64
Dividend per share (latest year)Rs 9.00
Dividend per share, 3-year averageRs 5.33
Dividend per share, 5-year averageRs 4.40
Dividends
Dividend payout19.94%
Dividend payout, 3-year average16.91%
Dividend payout, 5-year average16.83%
Efficiency
Asset turnover1.21x
Fixed asset turnover3.16x
Inventory turnover2.99x
Inventory days122 days
Debtor days72 days
Debtors turnover5.08x
Creditor days117 days
Cash conversion cycle177 days
Working capital days71 days
Leverage
Total debtRs 498 Cr
Cash and bankRs 88 Cr
Net debtRs 410 Cr
Debt to equity0.15x
Net debt / EBITDA0.36x
Interest coverage16.66x
Current ratio (filing 2026-03-31)1.92x
Quick ratio (filing 2026-03-31)1.06x
Trade payables (filing 2026-03-31)Rs 326 Cr
Owners' fund to total sources66.38%
Debt to assets9.98%
Cash flow
Cash from Operating Activity (latest year)Rs 743 Cr
Cash from Investing Activity (latest year)Rs -266 Cr
Cash from Financing Activity (latest year)Rs -446 Cr
Net Cash Flow (latest year)Rs 30 Cr
Free cash flow (latest year)Rs 504 Cr
FCFE (approx.: FCF + change in debt)Rs 252 Cr
Cash from ops / profit, 5 years1.02x
Sales to cash flow8.13x
Statement figures
Net sales (TTM)Rs 6,228 Cr
Net sales (latest year)Rs 6,037 Cr
Sales (latest quarter)Rs 1,684 Cr
Operating profit excl. other income (latest year)Rs 1,022 Cr
Operating profit (latest quarter)Rs 349 Cr
Other income (TTM)Rs 15 Cr
EBITDA (TTM)Rs 1,153 Cr
PBDT (TTM)Rs 1,093 Cr
Profit before tax (TTM)Rs 935 Cr
Tax (latest year)Rs 201 Cr
Net profit (TTM)Rs 704 Cr
Net profit (latest year)Rs 604 Cr
Net profit (latest quarter)Rs 230 Cr
Depreciation (TTM)Rs 158 Cr
Depreciation (latest quarter)Rs 41 Cr
Interest (TTM)Rs 60 Cr
Cost of goods sold (latest year)Rs 3,556 Cr
Total expenditure (latest year)Rs 5,015 Cr
Total income (latest year)Rs 6,038 Cr
Share capitalRs 27 Cr
ReservesRs 3,289 Cr
Shareholders' fundsRs 3,316 Cr
Total assetsRs 4,995 Cr
Net blockRs 1,910 Cr
Capital work in progressRs 76 Cr
InvestmentsRs 240 Cr
ReceivablesRs 1,190 Cr
InventoryRs 1,189 Cr
Other liabilitiesRs 1,181 Cr
Shares outstanding (crore)13.39
Ownership
Promoter holding40.19% (-0.04 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 80.6 is at the 70th percentile of its own 9.4-year range (median 53.2, low 18.5, high 133.1).
P/B 17.11 is at the 96th percentile (median 6.69).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRADICONifty 50Difference
1 week-5.5%-2.8% -2.7 pts
1 month-5.3%-6.8% +1.5 pts
3 months+8.9%-7.6% +16.5 pts
6 months+61.1%+0.4% +60.7 pts
1 year+43.0%-9.9% +52.9 pts
2 years+97.3%-13.6% +110.9 pts
3 years+252.0%+14.2% +237.8 pts
5 years+372.6%+27.9% +344.7 pts
236 mutual fund schemes hold about ₹12,996 Cr. Over three months 58 bought more and 67 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Kotak Multi Cap Fund2.44%715 -31%
Nippon India Small Cap Fund0.78%640 -17%
Axis Midcap Fund1.71%588 +19%
Nippon India Growth Mid Cap Fund0.94%488 -2%
HSBC Midcap Fund2.70%464 +8%
Aditya Birla SL Flexi Cap Fund1.36%396 -6%
Nippon India ELSS Tax Saver Fund2.59%381 -0%
Sundaram Large and Mid Cap Fund5.04%364 -3%
HSBC Small Cap Fund1.84%352 -2%
Edelweiss Mid Cap Fund1.71%340 -7%
Kotak Multi Asset Allocation Fund1.72%263 -13%
Tata Value Fund(Div Trig Opt B-10%)Pay3.00%260 -11%
Kotak Equity Savings Fund(M2.38%254 -5%
Axis Small Cap Fund0.79%249 -2%
Canara Rob Small Cap Fund1.56%228 -14%
DSP Flexi Cap Fund1.80%225 -18%
Axis Large & Mid Cap Fund1.23%214 +11%
Axis Large & Mid Cap Fund1.23%207 +11%
Axis ELSS-Tax Saver Fund0.61%201 +2%
Canara Rob Large and Mid Cap Fund0.76%199 -10%
ICICI Pru Flexi Cap Fund0.70%181 -9%
Nippon India Flexi Cap Fund1.83%180 +2%
Old Bridge Focused Fund3.88%155 -3%
Tata India Consumer Fund5.34%155 -3%
Kotak Arbitrage Fund(M0.20%154 +201%

Red flags

F-score 8 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2022-08-24MUKESH AGARWALEmployees/Designated Employebuy3,440Rs 0.35 CrMarket Purchase
2022-08-17KRISHAN PAL SINGHKey Managerial Personnelbuy3,000Rs 0.29 CrMarket Purchase
2022-02-08DINESH KUMAR GUPTAKey Managerial Personnelbuy2,000Rs 0.19 CrMarket Purchase
2022-02-07MUKESH AGARWALEmployees/Designated Employebuy5,000Rs 0.46 CrMarket Purchase
2021-12-23Dilip Kumar BanthiyaKey Managerial Personnelsell25,000Rs 2.85 CrMarket Sale
2021-08-20Dilip Kumar BanthiyaKey Managerial Personnelsell18,888Rs 1.71 CrMarket Sale
2021-08-17Amar SinhaEmployees/Designated Employesell21,000Rs 1.91 CrMarket Sale
2021-08-12KRISHAN PAL SINGHKey Managerial Personnelsell12,000Rs 1.11 CrMarket Sale
2021-07-13Amar SinhaEmployees/Designated Employeother80,000Rs 0.88 CrESOP
2021-06-30Amar SinhaEmployees/Designated Employesell12,000Rs 0.92 CrMarket Sale
2021-06-17Padmanabh MandeliaEmployees/Designated Employesell2,000Rs 0.16 CrMarket Sale
2021-06-07KRISHAN PAL SINGHKey Managerial Personnelsell10,000Rs 0.71 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹1,684 Cr +11.8% vs Jun 2025. Net profit ₹230 Cr +75.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-24Dividend - Rs 9 Per Share
2025-07-24Dividend - Rs 4 Per Share
2024-07-25Annual General Meeting/Dividend - Rs 3 Per Share
2023-09-14Annual General Meeting/Dividend - Rs 3 Per Share
2022-09-21Annual General Meeting/Dividend - Rs 3 Per Share
2021-09-20 Annual General Meeting/Dividend - Rs 2.40 Per Share
2020-08-21 Annual General Meeting/Dividend - Rs 2 Per Share
2019-09-19 Annual General Meeting/Dividend - Rs 1.20 Per Sh
2018-08-24 Annual General Meeting/Dividend- Re 1 Per Share
2017-09-21 Annual General Meeting/Dividend - Re 0.80 Per Share
2016-07-04 Annual General Meeting/ Dividend -Re 0.80/- Per Share
2015-09-23 Annual General Meeting/ Dividend - Re 0.80/- Per Share
2014-09-22Annual General Meeting / Dividend - Re 0.80/- Per Share
2013-09-20Annual General Meeting / Dividend - Re 0.80/- Per Share
2012-09-17Annual General Meeting And Dividend Re.0.80 Per Share
2011-08-30Annual General Meeting/Dividend Re 0.70 Per Share
2010-08-31Annual General Meeting And Dividend Re.0.60 Per Share
2009-09-04Agm/Div-Rs.0.30 Per Share
2008-09-19Agm/Dividend - 25%
2007-09-17Agm/Dividend-25%
2006-09-14Agm/Dividend-25%
DateTypeWhat it says
2026-09-28Press ReleaseA press release dated September 28, 2026, titled "Indian Luxury Whisky Brands Land in the Home of Scotch: Radico Khaitan First Indian Spirits Company ...
2026-09-23ESOPAllotment of 6,667 Equity Shares under ESOP.
2026-09-18General UpdatesIntimation regarding ESG Rating.
2026-09-16Concall / analyst meetIntimation regarding investor meeting(s).
2026-09-08Concall / analyst meetInvestor Meeting(s).
2026-09-01Concall / analyst meetIntimation regarding investor meeting.
2026-08-24Concall / analyst meetSchedule of meet
2026-08-20Press ReleaseA press release dated August 20, 2026, titled "Magic Moments expands its category-defining Flavours of India portfolio with a bold new expression insp...
2026-08-13Concall / analyst meetSchedule of meet.
2026-08-11General UpdatesESG Rating.
2026-08-08UpdatesInvestor Presentation.
2026-08-07General UpdatesRe-appointment of the Statutory Auditors of the Company for a second term of 5 (five) consecutive years.
2026-08-07Shareholder meetingVoting results.
2026-08-07Shareholder meetingProceedings of 42nd Annual General Meeting held on August 07, 2026.
2026-08-05Concall / analyst meetSchedule of meet
2026-08-05Concall / analyst meetTranscript
2026-07-29Concall / analyst meetLink of Recording.
2026-07-28General UpdatesReminder letter sent to the concerned shareholders whose equity shares are liable to be transferred to the Investor Education and Protection Fund Auth...
2026-07-28Investor PresentationInvestor Presentation
2026-07-28AppointmentAppointment of Mr Kunal Madan as Senior Management Personnel of the company w.e.f. July 28, 2026.
2026-07-28AppointmentAppointment of Mr Sudhir Upadhyay as Senior Management Personnel of the company w.e.f. July 28, 2026.
2026-07-28Board meeting outcomeRadico Khaitan Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-21Concall / analyst meetSchedule of meet
2026-07-15General UpdatesLetter to Shareholders whose e-mail address are not registered with the Company/ Registrar and Share Transfer Agents/ Depository Participants.
2026-07-14UpdatesBusiness Responsibility and Sustainability Report for the Financial Year 2025-26.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.32
Max pain (expiry 2026-10-27)4,450
Largest call open interest at5,000
Largest put open interest at4,400
Implied volatility, at the money34.1%
Underlying at snapshot4,237.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-301,266
2026-09-2922,650
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-03-26NCLATRadico Khaitan Ltd VS BT & FC Pvt Ltd and Ors
2021-02-11NCLATRadico Khaitan Ltd VS BT & FC Pvt Ltd and Ors
2021-02-03NCLATRadico Khaitan Ltd VS BT & FC Pvt Ltd and Ors
2021-01-12NCLATRadico Khaitan Ltd VS BT & FC Pvt Ltd and Ors
2020-12-10NCLATRadico Khaitan Ltd VS BT & FC Pvt Ltd and Ors
2020-10-09NCLTRadico Khaitan Ltd. Vs Concept Biosciences India Pvt.Ltd.
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Radico Khaitan Ltd?

Radico Khaitan Ltd (RADICO) has a market capitalisation of Rs 58,473 Cr. at the 2026-10-01 close.

What is the P/E ratio of Radico Khaitan Ltd?

Radico Khaitan Ltd trades at a P/E of 82.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Radico Khaitan Ltd's latest quarterly results?

In the Jun 2026 quarter, Radico Khaitan Ltd sales was Rs 1,684 Cr (+11.8% vs Jun 2025) and net profit was Rs 230 Cr.

What is the 52-week high and low of Radico Khaitan Ltd?

The 52-week high is Rs 4,747.00 and the 52-week low is Rs 2,500.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03