Radico Khaitan Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 9, 2025, 9:18 pm

Market Cap	31,034 Cr.
Current Price	2,321
High / Low	2,638/1,429
Stock P/E	99.7
Book Value	187
Dividend Yield	0.13 %
ROCE	13.2 %
ROE	11.3 %
Face Value	2.00
PEG Ratio	35.49

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Radico Khaitan Ltd

Competitors of Radico Khaitan Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
United Spirits Ltd	94,875 Cr.	1,305	1,314/866	66.8	97.9	0.69 %	28.7 %	21.7 %	2.00
United Breweries Ltd	52,914 Cr.	2,002	2,300/1,801	121	160	0.50 %	13.5 %	10.1 %	1.00
Tilaknagar Industries Ltd	4,439 Cr.	229	457/200	23.2	38.5	0.22 %	22.0 %	24.6 %	10.0
Som Distilleries & Breweries Ltd	2,330 Cr.	119	149/95.6	23.1	31.5	0.00 %	19.4 %	18.4 %	2.00
Radico Khaitan Ltd	31,034 Cr.	2,321	2,638/1,429	99.7	187	0.13 %	13.2 %	11.3 %	2.00
Industry Average	19,261.50 Cr	931.40		55.31	216.27	0.29%	17.17%	15.77%	6.70

All Competitor Stocks of Radico Khaitan Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	757	813	757	761	792	832	954	925	1,161	1,079	1,137	1,116	1,294
Expenses	638	733	665	671	695	753	834	804	1,018	956	988	953	1,110
Operating Profit	119	80	93	90	97	79	120	121	143	123	149	163	184
OPM %	16%	10%	12%	12%	12%	9%	13%	13%	12%	11%	13%	15%	14%
Other Income	2	2	4	1	3	1	1	1	5	2	4	1	1
Interest	3	2	3	4	6	9	12	12	18	17	18	17	20
Depreciation	17	16	17	17	17	20	24	26	32	32	33	36	36
Profit before tax	101	63	77	70	76	51	84	83	98	77	101	112	130
Tax %	24%	26%	24%	26%	25%	27%	25%	26%	25%	26%	25%	27%	26%
Net Profit	77	46	58	52	57	37	63	62	74	57	76	82	96
EPS in Rs	5.74	3.47	4.36	3.88	4.27	2.79	4.73	4.63	5.52	4.25	5.71	6.14	7.17

Last Updated: February 28, 2025, 5:36 pm

Below is a detailed analysis of the quarterly data for Radico Khaitan Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 1,294.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,116.00 Cr. (Sep 2024) to 1,294.00 Cr., marking an increase of 178.00 Cr..
For Expenses, as of Dec 2024, the value is 1,110.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 953.00 Cr. (Sep 2024) to 1,110.00 Cr., marking an increase of 157.00 Cr..
For Operating Profit, as of Dec 2024, the value is 184.00 Cr.. The value appears strong and on an upward trend. It has increased from 163.00 Cr. (Sep 2024) to 184.00 Cr., marking an increase of 21.00 Cr..
For OPM %, as of Dec 2024, the value is 14.00%. The value appears to be declining and may need further review. It has decreased from 15.00% (Sep 2024) to 14.00%, marking a decrease of 1.00%.
For Other Income, as of Dec 2024, the value is 1.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 1.00 Cr..
For Interest, as of Dec 2024, the value is 20.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 17.00 Cr. (Sep 2024) to 20.00 Cr., marking an increase of 3.00 Cr..
For Depreciation, as of Dec 2024, the value is 36.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 36.00 Cr..
For Profit before tax, as of Dec 2024, the value is 130.00 Cr.. The value appears strong and on an upward trend. It has increased from 112.00 Cr. (Sep 2024) to 130.00 Cr., marking an increase of 18.00 Cr..
For Tax %, as of Dec 2024, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Sep 2024) to 26.00%, marking a decrease of 1.00%.
For Net Profit, as of Dec 2024, the value is 96.00 Cr.. The value appears strong and on an upward trend. It has increased from 82.00 Cr. (Sep 2024) to 96.00 Cr., marking an increase of 14.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 7.17. The value appears strong and on an upward trend. It has increased from 6.14 (Sep 2024) to 7.17, marking an increase of 1.03.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:05 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,210	1,378	1,400	1,643	1,657	1,797	2,063	2,395	2,374	2,859	3,133	4,106	4,626
Expenses	1,020	1,182	1,220	1,452	1,444	1,526	1,713	2,023	1,965	2,457	2,775	3,599	4,007
Operating Profit	190	196	180	191	214	270	351	372	409	402	359	507	619
OPM %	16%	14%	13%	12%	13%	15%	17%	16%	17%	14%	11%	12%	13%
Other Income	26	34	36	36	18	26	13	-15	20	11	9	9	8
Interest	71	85	90	85	81	69	36	32	22	13	22	60	71
Depreciation	35	39	38	43	42	41	42	53	54	65	71	114	136
Profit before tax	109	106	87	99	109	187	286	273	353	335	275	342	420
Tax %	29%	33%	22%	26%	26%	34%	34%	17%	23%	25%	26%	25%
Net Profit	77	71	68	73	80	123	188	228	271	252	204	256	311
EPS in Rs	5.81	5.36	5.08	5.52	6.02	9.26	14.10	17.04	20.26	18.86	15.29	19.13	23.27
Dividend Payout %	14%	15%	16%	14%	13%	11%	9%	12%	12%	16%	20%	16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-7.79%	-4.23%	7.35%	9.59%	53.75%	52.85%	21.28%	18.86%	-7.01%	-19.05%	25.49%
Change in YoY Net Profit Growth (%)	0.00%	3.57%	11.58%	2.24%	44.16%	-0.90%	-31.57%	-2.42%	-25.87%	-12.04%	44.54%

Radico Khaitan Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	12%
5 Years:	15%
3 Years:	20%
TTM:	19%

Compounded Profit Growth
10 Years:	13%
5 Years:	6%
3 Years:	-2%
TTM:	32%

Stock Price CAGR
10 Years:	37%
5 Years:	49%
3 Years:	36%
1 Year:	35%

Return on Equity
10 Years:	12%
5 Years:	13%
3 Years:	11%
Last Year:	11%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:48 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	27	27	27	27	27	27	27	27	27	27	27	27	27
Reserves	702	754	803	937	1,003	1,115	1,288	1,494	1,737	1,960	2,125	2,351	2,476
Borrowings	768	904	849	960	799	592	337	400	288	202	754	818	903
Other Liabilities	308	332	411	390	392	498	581	540	543	555	762	846	945
Total Liabilities	1,804	2,017	2,089	2,313	2,221	2,232	2,233	2,460	2,595	2,744	3,668	4,042	4,350
Fixed Assets	529	570	573	729	704	685	714	743	810	821	1,213	1,657	1,644
CWIP	5	8	1	2	2	20	16	18	38	30	327	54	102
Investments	109	108	98	205	205	205	155	155	155	135	135	135	135
Other Assets	1,161	1,330	1,418	1,376	1,309	1,321	1,347	1,543	1,592	1,757	1,993	2,195	2,469
Total Assets	1,804	2,017	2,089	2,313	2,221	2,232	2,233	2,460	2,595	2,744	3,668	4,042	4,350

Below is a detailed analysis of the balance sheet data for Radico Khaitan Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹27.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 27.00 Cr..
For Reserves, as of Sep 2024, the value is ₹2,476.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,351.00 Cr. (Mar 2024) to ₹2,476.00 Cr., marking an increase of 125.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹903.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 818.00 Cr. (Mar 2024) to ₹903.00 Cr., marking an increase of 85.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹945.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 846.00 Cr. (Mar 2024) to ₹945.00 Cr., marking an increase of 99.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹4,350.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,042.00 Cr. (Mar 2024) to ₹4,350.00 Cr., marking an increase of 308.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,644.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,657.00 Cr. (Mar 2024) to ₹1,644.00 Cr., marking a decrease of 13.00 Cr..
For CWIP, as of Sep 2024, the value is ₹102.00 Cr.. The value appears strong and on an upward trend. It has increased from 54.00 Cr. (Mar 2024) to ₹102.00 Cr., marking an increase of 48.00 Cr..
For Investments, as of Sep 2024, the value is ₹135.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 135.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹2,469.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,195.00 Cr. (Mar 2024) to ₹2,469.00 Cr., marking an increase of 274.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹4,350.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,042.00 Cr. (Mar 2024) to ₹4,350.00 Cr., marking an increase of 308.00 Cr..

Notably, the Reserves (2,476.00 Cr.) exceed the Borrowings (903.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-66	137	250	-39	252	316	309	60	370	221	224	183
Cash from Investing Activity +	46	-141	-83	84	3	-21	-7	-67	-76	-108	-684	-243
Cash from Financing Activity +	15	3	-172	-87	-234	-293	-226	9	-183	-134	482	24
Net Cash Flow	-5	-1	-5	-42	21	2	76	2	111	-21	22	-36

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-578.00	-708.00	-669.00	-769.00	-585.00	-322.00	14.00	-28.00	121.00	200.00	-395.00	-311.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	131	139	125	136	137	128	114	125	107	96	96	87
Inventory Days	116	118	164	202	199	231	270	209	283	234	292	211
Days Payable	73	71	95	129	125	159	183	148	151	102	112	71
Cash Conversion Cycle	174	185	194	209	211	201	201	187	239	228	277	226
Working Capital Days	194	224	214	173	142	143	130	146	147	133	124	110
ROCE %	13%	12%	11%	10%	10%	14%	19%	18%	19%	16%	12%	13%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	40.27%	40.27%	40.27%	40.27%	40.27%	40.27%	40.27%	40.26%	40.26%	40.26%	40.26%	40.24%
FIIs	20.48%	19.28%	18.35%	18.86%	18.94%	18.63%	18.26%	18.18%	19.01%	18.58%	18.82%	18.60%
DIIs	18.61%	19.24%	20.26%	22.85%	23.23%	23.51%	23.76%	23.92%	23.99%	24.72%	24.47%	24.70%
Public	20.64%	21.21%	21.13%	18.01%	17.57%	17.59%	17.71%	17.63%	16.75%	16.45%	16.44%	16.45%
No. of Shareholders	1,22,484	1,46,390	1,46,986	1,29,077	1,25,473	1,17,089	1,07,465	1,15,430	1,12,800	1,11,781	1,14,681	1,23,741

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Aditya Birla Sun Life Flexi Cap Fund	3,014,649	2.5	454.1	2,228,907	2025-04-09	35.25%
Nippon India Small Cap Fund	2,228,907	0.82	335.74	2,228,907	2025-04-09	0%
Tata Equity P/E Fund - Regular Plan	1,470,000	3.42	221.43	2,228,907	2025-04-09	-34.05%
Tata Equity P/E Fund - Regular Plan - Trigger Option A 5%	1,470,000	3.42	221.43	2,228,907	2025-04-09	-34.05%
Tata Small Cap Fund	1,319,276	3.13	198.72	2,228,907	2025-04-09	-40.81%
HDFC Small Cap Fund - Regular Plan	1,181,663	0.7	177.99	2,228,907	2025-04-09	-46.98%
Nippon India ELSS Tax Saver Fund	1,110,000	1.28	167.2	2,228,907	2025-04-09	-50.2%
Kotak Multicap Fund	1,089,853	2.32	164.16	2,228,907	2025-04-09	-51.1%
DSP Flexi Cap Fund	979,587	1.56	147.56	2,228,907	2025-04-09	-56.05%
Bandhan Sterling Value Fund	700,000	1.46	105.44	2,228,907	2025-04-09	-68.59%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	19.61	16.48	19.70	20.75	17.16
Diluted EPS (Rs.)	19.61	16.48	19.70	20.74	17.15
Cash EPS (Rs.)	27.63	20.59	23.45	24.29	20.97
Book Value[Excl.RevalReserv]/Share (Rs.)	182.45	165.17	151.63	134.23	115.55
Book Value[Incl.RevalReserv]/Share (Rs.)	182.45	165.17	151.63	134.23	115.55
Revenue From Operations / Share (Rs.)	308.01	235.11	214.55	181.04	181.75
PBDIT / Share (Rs.)	38.51	27.51	30.64	32.12	28.53
PBIT / Share (Rs.)	30.00	22.21	25.79	28.08	24.60
PBT / Share (Rs.)	25.58	20.55	24.81	26.44	20.42
Net Profit / Share (Rs.)	19.12	15.29	18.59	20.26	17.04
NP After MI And SOA / Share (Rs.)	19.61	16.48	19.69	20.75	17.16
PBDIT Margin (%)	12.50	11.70	14.28	17.74	15.69
PBIT Margin (%)	9.74	9.44	12.01	15.51	13.53
PBT Margin (%)	8.30	8.74	11.56	14.60	11.23
Net Profit Margin (%)	6.20	6.50	8.66	11.18	9.37
NP After MI And SOA Margin (%)	6.36	7.01	9.17	11.46	9.44
Return on Networth / Equity (%)	10.74	9.98	12.98	15.45	14.85
Return on Capital Employeed (%)	13.91	11.28	16.20	19.79	20.03
Return On Assets (%)	6.40	5.92	9.46	10.21	9.22
Long Term Debt / Equity (X)	0.11	0.12	0.00	0.00	0.00
Total Debt / Equity (X)	0.30	0.31	0.09	0.15	0.25
Asset Turnover Ratio (%)	1.05	0.97	1.05	0.93	1.03
Current Ratio (X)	1.72	1.73	2.47	1.98	1.69
Quick Ratio (X)	1.07	1.07	1.64	1.39	1.24
Inventory Turnover Ratio (X)	3.24	3.06	3.08	2.87	3.46
Dividend Payout Ratio (NP) (%)	15.29	18.19	12.18	9.63	8.42
Dividend Payout Ratio (CP) (%)	10.66	13.76	9.77	8.06	6.85
Earning Retention Ratio (%)	84.71	81.81	87.82	90.37	91.58
Cash Earning Retention Ratio (%)	89.34	86.24	90.23	91.94	93.15
Interest Coverage Ratio (X)	8.71	16.63	31.26	19.49	12.05
Interest Coverage Ratio (Post Tax) (X)	5.32	10.24	19.97	13.29	8.96
Enterprise Value (Cr.)	23721.78	16532.16	11939.32	7632.63	3948.04
EV / Net Operating Revenue (X)	5.76	5.26	4.16	3.16	1.63
EV / EBITDA (X)	46.07	44.95	29.15	17.79	10.36
MarketCap / Net Operating Revenue (X)	5.61	5.08	4.14	3.10	1.47
Retention Ratios (%)	84.70	81.80	87.81	90.36	91.57
Price / BV (X)	9.46	7.23	5.85	4.18	2.31
Price / Net Operating Revenue (X)	5.61	5.08	4.14	3.10	1.47
EarningsYield	0.01	0.01	0.02	0.03	0.06

After reviewing the key financial ratios for Radico Khaitan Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 19.61. This value is within the healthy range. It has increased from 16.48 (Mar 23) to 19.61, marking an increase of 3.13.
For Diluted EPS (Rs.), as of Mar 24, the value is 19.61. This value is within the healthy range. It has increased from 16.48 (Mar 23) to 19.61, marking an increase of 3.13.
For Cash EPS (Rs.), as of Mar 24, the value is 27.63. This value is within the healthy range. It has increased from 20.59 (Mar 23) to 27.63, marking an increase of 7.04.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 182.45. It has increased from 165.17 (Mar 23) to 182.45, marking an increase of 17.28.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 182.45. It has increased from 165.17 (Mar 23) to 182.45, marking an increase of 17.28.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 308.01. It has increased from 235.11 (Mar 23) to 308.01, marking an increase of 72.90.
For PBDIT / Share (Rs.), as of Mar 24, the value is 38.51. This value is within the healthy range. It has increased from 27.51 (Mar 23) to 38.51, marking an increase of 11.00.
For PBIT / Share (Rs.), as of Mar 24, the value is 30.00. This value is within the healthy range. It has increased from 22.21 (Mar 23) to 30.00, marking an increase of 7.79.
For PBT / Share (Rs.), as of Mar 24, the value is 25.58. This value is within the healthy range. It has increased from 20.55 (Mar 23) to 25.58, marking an increase of 5.03.
For Net Profit / Share (Rs.), as of Mar 24, the value is 19.12. This value is within the healthy range. It has increased from 15.29 (Mar 23) to 19.12, marking an increase of 3.83.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 19.61. This value is within the healthy range. It has increased from 16.48 (Mar 23) to 19.61, marking an increase of 3.13.
For PBDIT Margin (%), as of Mar 24, the value is 12.50. This value is within the healthy range. It has increased from 11.70 (Mar 23) to 12.50, marking an increase of 0.80.
For PBIT Margin (%), as of Mar 24, the value is 9.74. This value is below the healthy minimum of 10. It has increased from 9.44 (Mar 23) to 9.74, marking an increase of 0.30.
For PBT Margin (%), as of Mar 24, the value is 8.30. This value is below the healthy minimum of 10. It has decreased from 8.74 (Mar 23) to 8.30, marking a decrease of 0.44.
For Net Profit Margin (%), as of Mar 24, the value is 6.20. This value is within the healthy range. It has decreased from 6.50 (Mar 23) to 6.20, marking a decrease of 0.30.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 6.36. This value is below the healthy minimum of 8. It has decreased from 7.01 (Mar 23) to 6.36, marking a decrease of 0.65.
For Return on Networth / Equity (%), as of Mar 24, the value is 10.74. This value is below the healthy minimum of 15. It has increased from 9.98 (Mar 23) to 10.74, marking an increase of 0.76.
For Return on Capital Employeed (%), as of Mar 24, the value is 13.91. This value is within the healthy range. It has increased from 11.28 (Mar 23) to 13.91, marking an increase of 2.63.
For Return On Assets (%), as of Mar 24, the value is 6.40. This value is within the healthy range. It has increased from 5.92 (Mar 23) to 6.40, marking an increase of 0.48.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.11. This value is below the healthy minimum of 0.2. It has decreased from 0.12 (Mar 23) to 0.11, marking a decrease of 0.01.
For Total Debt / Equity (X), as of Mar 24, the value is 0.30. This value is within the healthy range. It has decreased from 0.31 (Mar 23) to 0.30, marking a decrease of 0.01.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.05. It has increased from 0.97 (Mar 23) to 1.05, marking an increase of 0.08.
For Current Ratio (X), as of Mar 24, the value is 1.72. This value is within the healthy range. It has decreased from 1.73 (Mar 23) to 1.72, marking a decrease of 0.01.
For Quick Ratio (X), as of Mar 24, the value is 1.07. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.07.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 3.24. This value is below the healthy minimum of 4. It has increased from 3.06 (Mar 23) to 3.24, marking an increase of 0.18.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 15.29. This value is below the healthy minimum of 20. It has decreased from 18.19 (Mar 23) to 15.29, marking a decrease of 2.90.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 10.66. This value is below the healthy minimum of 20. It has decreased from 13.76 (Mar 23) to 10.66, marking a decrease of 3.10.
For Earning Retention Ratio (%), as of Mar 24, the value is 84.71. This value exceeds the healthy maximum of 70. It has increased from 81.81 (Mar 23) to 84.71, marking an increase of 2.90.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 89.34. This value exceeds the healthy maximum of 70. It has increased from 86.24 (Mar 23) to 89.34, marking an increase of 3.10.
For Interest Coverage Ratio (X), as of Mar 24, the value is 8.71. This value is within the healthy range. It has decreased from 16.63 (Mar 23) to 8.71, marking a decrease of 7.92.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 5.32. This value is within the healthy range. It has decreased from 10.24 (Mar 23) to 5.32, marking a decrease of 4.92.
For Enterprise Value (Cr.), as of Mar 24, the value is 23,721.78. It has increased from 16,532.16 (Mar 23) to 23,721.78, marking an increase of 7,189.62.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 5.76. This value exceeds the healthy maximum of 3. It has increased from 5.26 (Mar 23) to 5.76, marking an increase of 0.50.
For EV / EBITDA (X), as of Mar 24, the value is 46.07. This value exceeds the healthy maximum of 15. It has increased from 44.95 (Mar 23) to 46.07, marking an increase of 1.12.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 5.61. This value exceeds the healthy maximum of 3. It has increased from 5.08 (Mar 23) to 5.61, marking an increase of 0.53.
For Retention Ratios (%), as of Mar 24, the value is 84.70. This value exceeds the healthy maximum of 70. It has increased from 81.80 (Mar 23) to 84.70, marking an increase of 2.90.
For Price / BV (X), as of Mar 24, the value is 9.46. This value exceeds the healthy maximum of 3. It has increased from 7.23 (Mar 23) to 9.46, marking an increase of 2.23.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 5.61. This value exceeds the healthy maximum of 3. It has increased from 5.08 (Mar 23) to 5.61, marking an increase of 0.53.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Radico Khaitan Ltd as of April 10, 2025 is: 1,687.60

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 10, 2025, Radico Khaitan Ltd is Overvalued by 27.29% compared to the current share price 2,321.00

Intrinsic Value of Radico Khaitan Ltd as of April 10, 2025 is: 1,735.01

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 10, 2025, Radico Khaitan Ltd is Overvalued by 25.25% compared to the current share price 2,321.00

Last 5 Year EPS CAGR: 2.81%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (1,441.92 cr) compared to borrowings (659.54 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.92 cr) and profit (229.31 cr) over the years.	The stock has a low average ROCE of 13.92%, which may not be favorable. The stock has a high average Working Capital Days of 156.67, which may not be favorable. The stock has a high average Cash Conversion Cycle of 211.00, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Radico Khaitan Ltd:
1. Net Profit Margin: 6.2%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 13.91% (Industry Average ROCE: 17.17%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 10.74% (Industry Average ROE: 15.77%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 5.32
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.07
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 99.7 (Industry average Stock P/E: 55.31)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.3
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Radico Khaitan Ltd. is a Public Limited Listed company incorporated on 21/07/1983 and has its registered office in the State of Uttar Pradesh, India. Company's Corporate Identification Number(CIN) is L26941UP1983PLC027278 and registration number is 027278. Currently Company is involved in the business activities of Distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials. Company's Total Operating Revenue is Rs. 4118.52 Cr. and Equity Capital is Rs. 26.74 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Beverages & Distilleries	Rampur Distillery Bareilly Road, Rampur Uttar Pradesh 244901	info@radico.co.in http://www.radicokhaitan.com

Management
Name	Position Held
Dr. Lalit Khaitan	Chairman & Managing Director
Mr. Abhishek Khaitan	Managing Director
Mr. Amar Singh	Whole Time Director
Dr. Raghupati Singhania	Independent Director
Mr. Tushar Jain	Independent Director
Mr. Sharad Jaipuria	Independent Director
Ms. Sushmita Singha	Independent Director
Mr. Pushp Jain	Independent Director

FAQ

What is the intrinsic value of Radico Khaitan Ltd?

Radico Khaitan Ltd's intrinsic value (as of 10 April 2025) is ₹1687.60 — 27.29% lower the current market price of 2,321.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 31,034 Cr. market cap, FY2025-2026 high/low of ₹2,638/1,429, reserves of 2,476 Cr, and liabilities of 4,350 Cr.

What is the Market Cap of Radico Khaitan Ltd?

The Market Cap of Radico Khaitan Ltd is 31,034 Cr..

What is the current Stock Price of Radico Khaitan Ltd as on 10 April 2025?

The current stock price of Radico Khaitan Ltd as on 10 April 2025 is 2,321.

What is the High / Low of Radico Khaitan Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Radico Khaitan Ltd stocks is ₹2,638/1,429.

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

The Stock P/E of Radico Khaitan Ltd is 99.7.

What is the Book Value of Radico Khaitan Ltd?

The Book Value of Radico Khaitan Ltd is 187.

What is the Dividend Yield of Radico Khaitan Ltd?

The Dividend Yield of Radico Khaitan Ltd is 0.13 %.

What is the ROCE of Radico Khaitan Ltd?

The ROCE of Radico Khaitan Ltd is 13.2 %.

What is the ROE of Radico Khaitan Ltd?

The ROE of Radico Khaitan Ltd is 11.3 %.

What is the Face Value of Radico Khaitan Ltd?

The Face Value of Radico Khaitan Ltd is 2.00.