Radico Khaitan (RADICO) had a P/E of 75.9× on 6 Nov 2026, above the industry P/E of 31.3×. It earns ROCE of 24% and ROE of 24%, and sales and net profit grew 25% and 40% a year over 3 years. Its dividend yield is 0.2%, and debt is 0.11× equity. It is a mid-cap company with a market cap of ₹60,499 Cr, ranked 2nd of 19 Beverages (Wineries & Distilleries) companies by market cap; the shares rose 41% over the past year.
- ₹4,519.50
- ₹4,519.50
- ₹4,440.00
- ₹4,525.00
- 2.2 L
Health check
- ReturnsAhead
+41.4% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 75.9 vs industry 31.3.
- GrowthStrong
Sales +24.6%, profit +40.0% a year over 3 years.
- ProfitabilityStrong
ROCE 24.0% vs peer median 20.0%.
- Balance sheetSolid
Debt 0.11× equity, interest covered 13.7×, Piotroski 9 of 9.
- Red flags1 to check
P/E of 75.9 against an industry P/E of 31.3.
Mid cap
Defensive
Key metrics
- Market cap
- ₹60,499 Cr
- Mid cap
- P/E
- 75.9
- Industry 31.3
- Price to book
- 16.49
- Peers 5.12
- Dividend yield
- 0.20%
- ROE
- 24.0%
- Peers 14.8%
- ROCE
- 24.0%
- Peers 20.0%
- Debt to equity
- 0.11
- Debt ₹394 Cr
- EPS (TTM)
- ₹59.45
- Face value ₹2
- OPM (TTM)
- 19.4%
- Net margin 12.3%
- Sales growth
- +16.8%
- Latest quarter vs a year ago
- Profit growth
- +66.3%
- Latest quarter vs a year ago
- Price to sales
- 9.34
- EV/EBITDA 49.9
Strengths and risks
Strengths
- Return on equity of 24.0%.
- Return on capital employed of 24.0%.
- Quarterly profit up 66.3% on a year ago.
- Quarterly sales up 16.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 75.9 against an industry P/E of 31.3.
About Radico Khaitan
Radico Khaitan Limited engages in the manufacture and trading of Indian made foreign liquor (IMFL), country liquor, and other alcoholic products in India, Ghana, Nigeria, Sudan, the United Arab Emirates, and internationally. The company provides IMFL products in various categories of whisky, vodka, rum, gin, brandy, and liqueurs, as well as ethanol. It also provides bottling services to other spirit manufacturers. The company offers its products under the…
- Headquarters
- New Delhi
- Employees
- 1,543
- Sector
- Consumer Defensive
- ISIN
- INE944F01028
- Website
- radicokhaitan.com
Price range
- Avg volume (3M)
- 3.4 L
- 1-year return
- plus 41.4%
- From 52-week high
- minus 4.9%
Analyst consensus
Next results expected around 21 Jan 2027
Peers · Beverages - Wineries & Distilleries
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UNITDSPRUnited Spirits | 1,418.00 | plus 1.69% | 1,00,686 | 59.8 | 11.11 | 25.5% | 19.2% | 17.8% | 5.6% | 17.4% | 1.20% | minus 3.9% |
| RADICORadico Khaitan | 4,515.20 | minus 0.22% | 60,499 | 75.9 | 16.49 | 24.0% | 24.0% | 19.4% | 24.6% | 40.0% | 0.20% | plus 41.4% |
| ABDLAllied Blenders and Distillers | 708.00 | plus 1.28% | 19,803 | 86.8 | 12.05 | 24.6% | 13.3% | 13.5% | 7.4% | 422.4% | 0.76% | plus 4.0% |
| TITilaknagar Industries | 485.50 | minus 0.32% | 12,035 | – | 3.98 | – | −2.7% | 15.7% | – | – | 0.21% | minus 3.4% |
| PICCADILPiccadily Agro Industries | 582.30 | minus 1.20% | 5,740 | 40.6 | 6.25 | 20.0% | 17.4% | 13.4% | 19.5% | 83.3% | 0.17% | minus 14.5% |
| IGLSPIRITSIGL Spirits | 852.28 | minus 4.25% | 5,713 | 95.9 | – | – | – | 0.0% | – | – | 0.00% | minus 7.5% |
| GLOBUSSPRGlobus Spirits | 693.25 | minus 0.93% | 2,181 | 22.0 | 1.62 | 12.4% | 7.9% | 10.0% | 8.7% | −9.1% | 0.94% | minus 38.4% |
| GMBREWGM Breweries | 837.50 | minus 0.18% | 1,913 | 11.1 | 1.68 | 19.1% | 16.3% | 24.6% | 8.0% | 16.2% | 1.07% | minus 32.9% |
| Median of 7 peers | – | −0.32% | 5,740 | 50.2 | 5.12 | 20.0% | 14.8% | 13.5% | 8.0% | 17.4% | 0.76% | −7.5% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 1,506 | 1,547 | 1,504 | 1,684 | 1,745 | |
| 1,274 | 1,280 | 1,219 | 1,335 | 1,388 | |
| 232 | 267 | 284 | 349 | 357 | |
| 15.4% | 17.3% | 18.9% | 20.7% | 20.5% | |
| 1.8 | 2.5 | 10.1 | 8.9 | 6.5 | |
| 15.9 | 16.4 | 15.4 | 11.7 | 11.4 | |
| 36.3 | 37.2 | 42.2 | 41.2 | 43.2 | |
| −7 | −9.6 | – | – | – | |
| 175 | 206 | 237 | 305 | 309 | |
| 25.3% | 25.0% | 24.3% | 24.7% | 24.9% | |
| 131 | 155 | 179 | 230 | 232 | |
| 9.74 | 11.56 | 13.41 | 17.14 | 17.33 |
Profit & loss
- Sales CAGR 3Y
- +24.6%
- Profit CAGR 3Y
- +40.0%
- EPS CAGR 3Y
- +39.9%
- ROE
- 24.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,104 | 4,098 | 4,810 | 6,004 | |
| – | +32.0% | +17.4% | +24.8% | |
| 2,750 | 3,590 | 4,139 | 4,995 | |
| 354 | 508 | 670 | 1,009 | |
| 11.4% | 12.4% | 13.9% | 16.8% | |
| 28.5 | 17.9 | 8.8 | 27.4 | |
| 21.4 | 58.8 | 73 | 63.6 | |
| 70.9 | 114 | 140 | 153 | |
| 0.5 | −5.3 | −0.8 | −14.6 | |
| 291 | 348 | 465 | 805 | |
| 24.2% | 24.8% | 25.7% | 24.9% | |
| 220 | 262 | 346 | 604 | |
| – | +19.0% | +31.8% | +74.9% | |
| 16.48 | 19.61 | 25.82 | 45.12 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 26.7 | 26.7 | 26.8 | 26.8 | |
| 2,181 | 2,413 | 2,727 | 3,289 | |
| 754 | 1,031 | 1,103 | 799 | |
| 758 | 625 | 783 | 857 | |
| 3,719 | 4,095 | 4,639 | 4,972 | |
| 1,552 | 1,758 | 1,859 | 2,023 | |
| 326 | 64.7 | 55 | 121 | |
| 32.5 | 3.5 | 2.2 | 2.9 | |
| 178 | 96.2 | 53.1 | 82 | |
| 1,632 | 2,172 | 2,670 | 2,742 | |
| 3,719 | 4,095 | 4,639 | 4,972 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 239 | 166 | 363 | 743 | |
| −705 | −226 | −171 | −266 | |
| 487 | 23.7 | −237 | −446 | |
| 20.8 | −35.8 | −46.1 | 30.1 | |
| −734 | −239 | −181 | −245 | |
| −495 | −73.1 | 182 | 498 | |
| −40.1 | −40.1 | −40.1 | −53.5 |
Shareholding pattern
- Promoters40.17%
- Public59.83%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 40.17% | 59.83% | minus 0.02 | |
| 30 Jun 2026 | 40.19% | 59.81% | minus 0.01 | |
| 31 Mar 2026 | 40.20% | 59.80% | 0.00 | |
| 31 Dec 2025 | 40.20% | 59.80% | minus 0.01 | |
| 30 Sep 2025 | 40.21% | 59.79% | – |
Major shareholders
Filings & events
News
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