RADICOFast Moving Consumer Goods

Radico Khaitan Limited

Breweries & Distilleries · ISIN INE944F01028 · BSE 532497 · NSE EQ · FV ₹2
Last price
₹4,380
-1.93%today
What this company does

Radico Khaitan Limited operates in Breweries & Distilleries, part of the Fast Moving Consumer Goods sector. It booked ₹5,868 cr of revenue in its latest quarter (Q1 FY27) and kept 3.9% 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:
68out of 100
Equitytale Health Score
Solid

Healthier than 68% 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)
45

At close. Not part of the score.

Profitability & returns77

How much profit it earns on the money it employs

Balance sheet72

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 76% vs last year
Promoters hold 40%
No promoter shares pledged
Strong 28% return on equity
Turns profit into real cash
Watch-outs
! Thin 3.9% 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 We do not publish price targets or predict returns.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
₹4,380 -1.93%
latest close · 2026-09-17
1-year return
+394.9%
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 ratio63.8High
LowAverageHigh
P/B ratio17.69High
Below bookModerateHigh
EV / EBITDA42.0High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity27.7%Strong
WeakFairStrong ▸15%
Return on capital34.2%Strong
WeakFairStrong
Net margin3.9%Thin
ThinDecentStrong
EBITDA margin6.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.10Comfortable
LowModerateHigh ▸1
Interest cover26.6×Strong
RiskyOkayStrong ▸5×
Current ratio1.92Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹58,662 cr
Book value
₹248
EPS
₹17.15
latest quarter
Net debt
₹262 cr
owes more than its cash
Enterprise value
₹58,924 cr
EBITDA
₹1,403 cr
annualised
EBIT
₹1,238 cr
annualised
Operating margin
5.3%
Return on assets
18.5%
Earnings yield
1.57%
P/S
2.50
Sales / share
₹1,752.4
Tax rate
25.3%
Face value
₹2
Shares
13.4 cr
Working capital
₹1,244 cr
Current assets
₹2,593 cr
Current liabilities
₹1,350 cr
Delivery %
56.2%
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 2026-09-17.

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 ₹348₹688, midpoint ₹583

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 · Q1 FY27 (consolidated)
Revenue from Operations₹5,868 cr
Other Income₹2 cr
Total Income₹5,869 cr
Cost of Materials₹855 cr
Purchases of Stock-in-Trade₹16 cr
Inventory Change (±)₹-13 cr
Employee Benefit Expense₹68 cr
Finance Costs₹12 cr
Depreciation & Amortisation₹41 cr
Other Expenses₹4,593 cr
Total Expenses₹5,572 cr
Profit before Tax₹298 cr
Tax Expense₹75 cr
Share of JV / Associates₹7 cr
Net Profit₹230 cr
Net margin on total income3.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹857 cr14.6%
Employee benefit expense₹68 cr1.2%
Finance costs₹12 cr0.2%
Depreciation & amortisation₹41 cr0.7%
Other expenses₹4,593 cr78.2%
Tax expense₹75 cr1.3%
Profit for the period₹230 cr3.9%
Total income ₹5,869 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue5,424 cr5,182 cr5,868 cr
Total income5,426 cr5,188 cr5,869 cr
Expenses5,210 cr4,955 cr5,572 cr
Profit before tax207 cr233 cr298 cr
Tax52 cr58 cr75 cr
Net profit (owners' share)155 cr179 cr230 cr
Net margin (owners' share, on revenue)2.9%3.5%3.9%
EPS (₹)11.5713.4117.15
YoY (latest quarter): total income +10.4% · net profit +75.9%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹4,972 cr
Shareholder equity
₹3,316 cr
parent shareholders
Total debt
₹332 cr
Cash
₹70 cr
Cash flow · H1 FY26
Operating
₹385 cr
Investing
₹-143 cr
Financing
₹-247 cr
Peer comparison
Breweries & Distilleries · by market value
CompanyPriceMarket capP/E
United Spirits Limited₹1,390₹1.01 L cr104.0
Radico Khaitan Limitedthis company₹4,380₹58,662 cr63.8
United Breweries Limited₹1,217₹32,172 cr48.4
Allied Blenders and Distillers Limited₹653₹18,268 cr92.8
Tilaknagar Industries Limited₹544₹13,459 cr106.2
Piccadily Agro Industries Limited₹601₹5,920 cr69.2
Globus Spirits Limited₹831₹2,416 cr22.7
GM Breweries Limited₹937₹2,141 cr14.2
India Glycols Limited₹249₹1,667 cr4.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.21%
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 · 2026-06-30
No pledge
Promoter
40.2%
FII / Foreign
18.2%
DII / Domestic
28.1%
Retail / others
13.5%
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 · NSE20116 Sep 26
short · NSE45026 Aug 26
short · NSE1,20025 Aug 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 2026-06-30
SAPPHIRE INTREX LIMITED33.88%
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 33.88% 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.