RADICOFast Moving Consumer Goods

Radico Khaitan Limited

Breweries & Distilleries · ISIN INE944F01028 · BSE 532497 · NSE EQ · FV ₹2
Last price
₹4,397
+3.45%today
What this company does

Radico Khaitan Limited operates in Breweries & Distilleries, part of the Fast Moving Consumer Goods sector. It booked ₹5,583 cr of revenue in its latest quarter (Q2 FY27) and kept 4.2% of sales as profit. It is the 2nd largest of 9 Breweries & Distilleries companies we track, by market value.

“The Company is engaged in the business of manufacture, purchase and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units.”
In the report:
69out of 100
Equitytale Health Score
Solid

Healthier than 69% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 89–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns78

How much profit it earns on the money it employs

Balance sheet76

How much it owes, and whether earnings cover the interest

Cash quality57

Whether reported profit actually arrives as cash

Growth & consistency91

Whether sales and profit have grown, and how steadily

Valuation12

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 10% vs last year
✓ Profit up 66% vs last year
✓ Promoters hold 40%
✓ No promoter shares pledged
✓ Strong 25% return on equity
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Thin 4.2% net margin

What if I invest in RADICO?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹4,397▲ +3.45%
latest close · 2026-11-04
1-year return
+274.8%
52-wk low ₹72352-wk high ₹4,747
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio63.4High
LowAverageHigh
P/B ratio16.05High
Below bookModerateHigh
EV / EBITDA40.8High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity25.3%Strong
WeakFairStrong ▸15%
Return on capital32.5%Strong
WeakFairStrong
Net margin4.2%Thin
ThinDecentStrong
EBITDA margin6.5%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.07Comfortable
LowModerateHigh ▸1
Interest cover28.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.94Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹58,906 cr
Book value
₹274
EPS
₹17.34
latest quarter
Net debt
₹193 cr
owes more than its cash
Enterprise value
₹59,100 cr
EBITDA
₹1,449 cr
annualised
EBIT
₹1,277 cr
annualised
Operating margin
5.7%
Return on assets
16.9%
Earnings yield
1.58%
P/S
2.64
Sales / share
₹1,666.7
Tax rate
25.0%
Face value
₹2
Shares
13.4 cr
Working capital
₹1,472 cr
Current assets
₹3,035 cr
Current liabilities
₹1,562 cr
Delivery %
51.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹385–₹688, midpoint ₹588

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹5,583 cr
Other Income₹5 cr
Total Income₹5,588 cr
Cost of Materials₹927 cr
Purchases of Stock-in-Trade₹11 cr
Inventory Change (±)₹-32 cr
Employee Benefit Expense₹66 cr
Finance Costs₹11 cr
Depreciation & Amortisation₹43 cr
Other Expenses₹4,253 cr
Total Expenses₹5,280 cr
Profit before Tax₹308 cr
Tax Expense₹77 cr
Share of JV / Associates₹1 cr
Net Profit₹232 cr
Net margin on total income4.2%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹907 cr16.2%
Employee benefit expense₹66 cr1.2%
Finance costs₹11 cr0.2%
Depreciation & amortisation₹43 cr0.8%
Other expenses₹4,253 cr76.1%
Tax expense₹77 cr1.4%
Profit for the period₹232 cr4.2%
Total income ₹5,588 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue5,182 cr5,868 cr5,583 cr
Total income5,188 cr5,869 cr5,588 cr
Expenses4,955 cr5,572 cr5,280 cr
Profit before tax233 cr298 cr308 cr
Tax58 cr75 cr77 cr
Net profit (owners' share)179 cr230 cr232 cr
Net margin (owners' share, on revenue)3.5%3.9%4.2%
EPS (₹)13.4117.1517.34
YoY (latest quarter): total income +10.5% · net profit +66.5%
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹5,496 cr
Shareholder equity
₹3,670 cr
parent shareholders
Total debt
₹247 cr
Cash
₹54 cr
Cash flow · H1 FY27
Operating
₹378 cr
Investing
₹-155 cr
Financing
₹-240 cr
Peer comparison
Breweries & Distilleries · by market value
CompanyPriceMarket capP/E
United Spirits Limited₹1,381₹1.00 L cr53.3
Radico Khaitan Limitedthis company₹4,250₹56,943 cr61.3
United Breweries Limited₹1,190₹31,458 cr58.1
Allied Blenders and Distillers Limited₹695₹19,427 cr67.8
Tilaknagar Industries Limited₹465₹11,510 cr90.8
Piccadily Agro Industries Limited₹586₹5,779 cr67.5
India Glycols Limited₹324₹2,170 cr5.6
Globus Spirits Limited₹658₹2,070 cr35.5
GM Breweries Limited₹792₹1,811 cr11.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.20%
trailing 12 months
Dividend / share (TTM)
₹9
Last dividend
₹9
ex 24 Jul 2026
ActionDetailEx-date
Dividend₹9 / share24 Jul 2026
Dividend₹4 / share24 Jul 2025
Dividend₹3 / share25 Jul 2024
Dividend₹3 / share14 Sep 2023
Dividend₹3 / share21 Sep 2022
Dividend₹2.4 / share20 Sep 2021
Who owns it · 2026-09-30
No pledge
Promoter
40.2%
FII / Foreign
19.4%
DII / Domestic
27.2%
Retail / others
13.2%
Promoter stake down 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMUKESH AGARWAL · Employees/Designated Employees3,440 · ₹35.5 L24 Aug 22
BoughtKRISHAN PAL SINGH · Key Managerial Personnel3,000 · ₹28.5 L17 Aug 22
BoughtMUKESH AGARWAL · Employees/Designated Employees5,000 · ₹46.1 L7 Feb 22
Bulk / block deals
short— · NSE17727 Oct 26
short— · NSE414 Oct 26
short— · NSE1,26630 Sep 26
Stake changes
SoldTIMF HOLDINGS, THINK INDIA OPPORTUNITIES MASTER FUND LP, THINK INVESTMENTS PCC→ 3.68% · 6.90 L19 Mar 24
SoldReliance Capital Trustee Co Ltd A/c through various schemes of Reliance Mutual Fund→ 3.66% · 4.52 L16 Jan 18
SoldReliance Capital Trustee Co Ltd A/c through various schemes of Reliance Mutual Fund→ 3.66% · 4.52 L16 Jan 18
Promoter pledges
ReleasedAditya Birla Finance Ltd15.00 L · 1.13% held11 Sep 20
ReleasedAxis Finance Limited2,460 · 1.13% held10 Sep 20
ReleasedAditya Birla Finance Ltd4.00 L · 1.42% held21 Jul 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 7 Aug 2026
See the official result
1
To receive, consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.95 cr votes for, 187 against · 0% of mutual funds and other big investors said no
2
To declare a dividend on equity shares of the Company for the financial year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
4.96 cr votes for, 189 against · 0% of mutual funds and other big investors said no
3
To re-appoint Mr. Abhishek Khaitan (DIN 00772865), who retires by rotation as a Director, and being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 92% of shareholders other than promotersneeded 50%
4.54 cr votes for, 41.84 L against · 9% of mutual funds and other big investors said no
4
To re-appoint Walker Chandiok & Co LLP, Chartered Accountants (Firm Registration No. 001076N/N500013) as the Statutory Auditors of the Company for a second term of five consecutive years.
Backed by 100% of shareholders other than promotersneeded 50%
4.96 cr votes for, 4,593 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 10 named members
owning 40.2% between them · as of 2026-09-30
SAPPHIRE INTREX LIMITED33.87%
RAMPUR INTERNATIONAL LIMITED3.92%
CLASSIC FINTREX PRIVATE LTD1.92%
ABHISHEK KHAITAN0.27%
ABHISHEK FISCAL SERVICES PRIVATE LIMITED0.07%
ELKAY FISCAL SERVICES PRIVATE LIMITED0.05%
DEEPSHIKHA KHAITAN0.04%
SMITA FISCAL PRIVATE LIMITED0.03%
Business done with them
FY2026 · 3 of the group
The company paid ₹30 cr to companies in the promoter group last year — about 0.1% of its ₹20,976 cr revenue.
ABHISHEK KHAITAN
Other payments to them · in the ordinary course of business
also owns 0.27% of the company
₹15 cr
company paid
LALIT KUMAR KHAITAN
Other payments to them · in the ordinary course of business
₹15 cr
company paid
SAPPHIRE INTREX LIMITED
Other payments to them · in the ordinary course of business
also owns 33.87% of the company
₹74.3 L
company paid

The company also transacted with 12 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.