R

Radico Khaitan Limited

RADICONSE
Market snapshot · 2026-08-11 08:56 UTC

4,525.00

₹-25.00 (-0.55%)

MARKET CAP

₹60.63K Cr

STOCK P/E

85.0x

52W HIGH

₹4,590.30

52W LOW

₹2,500.00

BOOK VALUE

₹247.63

EPS

₹53.24

ROE

SECTOR

Consumer Staples

DEBT/EQUITY

20.94

VOLUME

1.61L

P/B RATIO

18.27x

PEG RATIO

1.37

Sector

Consumer Staples

Themes

Alcoholic BeveragesMukul Agrawal PortfolioTop 20 Investors in India Portfolio
D
Dividend
E
Earnings
₹4,525.00₹4,048.10₹3,571.19₹3,094.29₹2,617.39VolumeEEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Radico Khaitan is an alcoholic-beverages company making and trading IMFL and country liquor in India and overseas. Whisky, brandy, rum, gin, vodka, and liqueurs drive branded IMFL revenue, while bottling services add contract income. Its products reach government channels, canteens, distributors, and retailers. First-quarter net profit rose 70% to ₹225 crore, supporting 24.8% revenue growth and improving margins. Profit growth reached 74.9%, but ROE is unavailable for assessment. Debt/equity of 20.94 indicates extreme leverage, which can materially inflate reported ROE and increase financial risk. At 85.5 times earnings, the shares appear overvalued relative to current growth, despite earnings momentum. The key open question is whether improving margins and premium IMFL growth can justify the valuation while leverage remains elevated.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for RADICO.

20.00 analysts

Price Forecast

Current
₹4,525
High Target
₹5,285
▲ +16.8%
Median Target
₹4,785
▲ +5.7%
Low Target
₹3,700
▼ -18.2%
Now₹4,525High ₹5,285Median ₹4,785Low ₹3,700Aug '25Now12M Target
Price history (1Y)
Analyst target range
20 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹3,791 - ₹5,76580%
6M₹3,591 - ₹6,49780%
12M₹3,391 - ₹7,84180%
Realized vol: +32.7% · Drift: +18.4%

Revenue Forecast

₹ Cr
Jun '26Current₹1,684.0
Sep 2026 ETrend estimate range
High₹1,864.7Base₹1,726.6Low₹1,588.5
Sep '25: ₹1,494.0 · Dec '25: ₹1,547.0 · Mar '26: ₹1,504.0 · Jun '26: ₹1,684.0 · Sep '26: ₹1,726.6 · Dec '26: ₹1,787.9
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E1,494.01,547.01,504.01,684.01,726.61,787.9
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹16.88
Sep 2026 ETrend estimate range
High₹17.44Base₹15.57Low₹13.70
Sep '25: ₹10.38 · Dec '25: ₹11.58 · Mar '26: ₹13.08 · Jun '26: ₹16.88 · Sep '26: ₹15.57 · Dec '26: ₹17.37
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E10.3811.5813.0816.8815.5717.37
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
50%
Analyst Consensus
Positive

From 20 analysts

Mean upside+3.1%

Fundamentals

Strong

Fundamentals institutional score is 89 using growth durability 89.2.

Valuation

Premium valuation

Valuation institutional score is 7 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 59 using mean target upside 3.1%; dispersion penalty 13.6; recommendation breadth from available consensus.

Technical Structure

Weak Structure

Technicals institutional score is 33 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. fundamentals provide support, while valuation and technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals StrongValuation Premium valuationAnalyst Consensus NeutralTechnical Structure Weak StructureMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price4,665.2 target
Mean Upside+3.1%
Technical Score33%
Fundamental Score89%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 93.3% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +2.81). Confidence: 68%.

Live forward EPS implies next-12-month EPS of ₹79.72. Applying the stock's normalized valuation corridor produces a fair range of ₹2,547.85 to ₹4,268.21, with base value near ₹3,506.09 (-22.5% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Above normalized range

Forward EPS

₹79.72

Forward P/E

56.8x

Base Fair Value

₹3,506.09

Fair Range

₹2,547.85 - ₹4,268.21

Upside To Base

-22.5%

Estimate Source

Live forward EPS

Growth Estimate

+62.1%

P/E
Strongly Overvalued

5Y Average

35.76

Current

84.99

Overvalued

53.54

Undervalued

31.96

EV/EBITDA
Strongly Overvalued

5Y Average

16.94

Current

40.28

Overvalued

23.13

Undervalued

9.94

P/S
Strongly Overvalued

5Y Average

4.36

Current

10.36

Overvalued

5.95

Undervalued

2.56

Peers & Comparison

Sector: Consumer Staples · Theme: Alcoholic Beverages

Alcoholic Beverages Peers5 peers
Avg P/E: 64.7x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
UNITED SPIRITS LIMITED
UNITDSPRAlcoholic Beverages
-10.2%14.9%
64.0x
Fair
-1% vs avg
+16.1%
UNITED BREWERIES LTD
UBLAlcoholic Beverages
+7.1%4.2%
93.4x
Premium
+44% vs avg
-27.1%
ALLIED BLEND N DISTILS L
ABDLAlcoholic Beverages
+6.1%5.6%
78.1x
Premium
+21% vs avg
+21.4%
TILAKNAGAR INDUSTRIES LTD
TIAlcoholic Beverages
+155.7%-1.2%
-0.6%
LT FOODS LIMITED
LTFOODSPackaged Foods
+23.8%5.5%
23.1x
Undervalued
-64% vs avg
-7.4%
WHY THESE PEERS

RADICO KHAITAN LTD trades at a premium (85.3x vs peer avg 64.7x), implying higher growth or quality expectations from the Alcoholic Beverages cohort. Peers include UNITED SPIRITS LIMITED, UNITED BREWERIES LTD, ALLIED BLEND N DISTILS L — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹1.68K CrJun 2026

Latest net profit

₹226 CrJun 2026

Latest EPS

₹16.88Jun 2026

Net margin

21.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%6.0%12.0%18.0%24.0%0.00 Cr450 Cr900 Cr1.35K Cr1.80K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr450 Cr900 Cr1.35K Cr1.80K Cr₹0₹5₹10₹15₹20
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr450 Cr900 Cr1.35K Cr1.80K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-2.00K Cr0.00 Cr2.00K Cr4.00K Cr6.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +9549251,1611,0791,1371,1161,2941,3041,5061,4941,5471,5041,684
Expenses +8348041,0189569889531,1101,1261,2741,2561,2801,2191,335
Operating Profit120121143123149163184178232238267284349
OPM %13%13%12%11%13%15%14%14%15%16%17%19%21%
Other Income +11521111-22-765
Interest12121817161720221616161512
Depreciation24263232333636363637374241
Profit before tax84839877101112130122178186207233301
Tax %25%26%25%26%25%27%26%25%25%25%25%25%25%
Net Profit +6362745776829691133139155175226
EPS in Rs4.734.635.524.255.716.147.176.789.9610.3811.5813.0816.88
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +40.23%40.21%40.21%40.20%40.19%
FIIs +17.77%18.00%19.82%17.63%18.20%
DIIs +25.96%25.48%24.03%27.35%28.08%
Public +16.03%16.31%15.96%14.82%13.51%
Others0.01%0.02%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Investor Presentation

Aug 08, 2026PDFCompany Reports Open

Re-Appointment Of Statutory Auditor

Aug 07, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

Aug 07, 2026PDFCompany Reports Open

Shareholder Meeting / Postal Ballot-Outcome of AGM

Aug 07, 2026PDFCompany Reports Open