RADICO

Radico Khaitan Limited

Spirits maker of whisky, vodka, brandy, rum, and gin brands

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Beverages›Breweries & Distilleries

radicokhaitan.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹4473.40
Market cap
59,889 Cr
Stock P/E
85.1
P/B
18.06
Dividend yield
0.1%
ROE (FY26)
18.2%
ROCE (FY26)
23.8%
Operating margin (FY26)
4.1%
Debt / equity (FY26)
0.10
OCF / EBITDA (FY26)
72.7%
OCF / EBITDA (3Y)
58.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Radico Khaitan makes and sells Indian Made Foreign Liquor (IMFL), mainly whisky, vodka, brandy, rum and gin brands across mass, premium and luxury price points, in India and in export markets.

Company snapshot

2ndBy market cap

Ranked among 15 companies in Breweries & Distilleries.

What we see

Positives
  • ✓Debt-to-equity of 0.10x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is very thin at 2.9% — little room for error if costs rise.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales3,715 Cr4,246 Cr3,895 Cr4,266 Cr3,907 Cr4,441 Cr4,485 Cr5,314 Cr5,057 Cr5,424 Cr5,182 Cr5,868 Cr
Operating expenses (approx.)3,594 Cr4,103 Cr3,772 Cr4,117 Cr3,743 Cr4,257 Cr4,308 Cr5,081 Cr4,819 Cr5,157 Cr4,898 Cr5,519 Cr
EBITDA121 Cr143 Cr123 Cr149 Cr163 Cr184 Cr178 Cr232 Cr238 Cr267 Cr284 Cr349 Cr
OPM %3.3%3.4%3.1%3.5%4.2%4.1%4.0%4.4%4.7%4.9%5.5%5.9%
Other income0.69 Cr5 Cr2 Cr4 Cr3 Cr1 Cr1 Cr1 Cr2 Cr3 Cr6 Cr2 Cr
Interest12 Cr18 Cr17 Cr18 Cr19 Cr20 Cr22 Cr16 Cr16 Cr16 Cr15 Cr12 Cr
Depreciation26 Cr32 Cr32 Cr33 Cr36 Cr36 Cr36 Cr36 Cr37 Cr37 Cr42 Cr41 Cr
Profit before tax86 Cr99 Cr74 Cr102 Cr110 Cr129 Cr123 Cr175 Cr187 Cr206 Cr237 Cr305 Cr
Tax %24.8%24.4%26.8%24.5%26.9%26.2%25.1%25.3%25.3%25.0%24.3%24.7%
Net profit65 Cr75 Cr54 Cr77 Cr81 Cr95 Cr92 Cr131 Cr140 Cr155 Cr179 Cr230 Cr
EPS (₹)₹4.85₹5.62₹4.03₹5.79₹6.03₹7.14₹6.88₹9.75₹10.43₹11.57₹13.41₹17.15

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales4,868 Cr6,270 Cr8,058 Cr9,418 Cr10,367 Cr12,471 Cr12,744 Cr15,484 Cr17,099 Cr20,976 CrSign in free for the trailing twelve months
Operating expenses (approx.)4,657 Cr6,001 Cr7,708 Cr9,046 Cr9,958 Cr12,068 Cr12,386 Cr14,978 Cr16,425 Cr19,955 CrSign in free for the trailing twelve months
EBITDA211 Cr270 Cr350 Cr372 Cr409 Cr402 Cr358 Cr506 Cr674 Cr1,021 CrSign in free for the trailing twelve months
OPM %4.3%4.3%4.3%3.9%3.9%3.2%2.8%3.3%3.9%4.9%Sign in free for the trailing twelve months
Other income20 Cr27 Cr13 Cr9 Cr20 Cr7 Cr9 Cr9 Cr5 Cr12 CrSign in free for the trailing twelve months
Interest80 Cr68 Cr35 Cr32 Cr22 Cr13 Cr22 Cr59 Cr74 Cr64 CrSign in free for the trailing twelve months
Depreciation42 Cr41 Cr42 Cr53 Cr54 Cr65 Cr71 Cr114 Cr140 Cr153 CrSign in free for the trailing twelve months
Profit before tax109 Cr188 Cr292 Cr274 Cr360 Cr346 Cr291 Cr348 Cr465 Cr805 CrSign in free for the trailing twelve months
Tax %26.4%34.0%33.5%16.5%22.9%24.0%24.2%24.8%25.7%24.9%Sign in free for the trailing twelve months
Net profit80 Cr124 Cr194 Cr229 Cr277 Cr263 Cr220 Cr262 Cr346 Cr604 CrSign in free for the trailing twelve months
EPS (₹)₹6.03₹9.30—₹17.16₹20.75₹19.70₹16.48₹19.61₹25.84₹45.16Sign in free for the trailing twelve months
Dividend payout %————9.6%12.2%18.2%15.3%11.6%8.9%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr27 Cr
Reserves1,018 Cr1,130 Cr1,309 Cr1,516 Cr1,766 Cr1,971 Cr2,181 Cr2,413 Cr2,727 Cr3,289 Cr
Borrowings654 Cr522 Cr323 Cr399 Cr272 Cr190 Cr697 Cr737 Cr631 Cr332 Cr
Other liabilities536 Cr567 Cr592 Cr541 Cr649 Cr564 Cr814 Cr918 Cr1,255 Cr1,324 Cr
Total liabilities2,234 Cr2,246 Cr2,251 Cr2,483 Cr2,714 Cr2,752 Cr3,719 Cr4,095 Cr4,639 Cr4,972 Cr
Fixed assets (net)683 Cr668 Cr698 Cr730 Cr778 Cr811 Cr1,226 Cr1,694 Cr1,804 Cr1,902 Cr
CWIP2 Cr20 Cr16 Cr18 Cr38 Cr29 Cr326 Cr53 Cr23 Cr75 Cr
Investments220 Cr220 Cr176 Cr178 Cr184 Cr146 Cr191 Cr198 Cr198 Cr240 Cr
Loans & advances———41 Cr46 Cr24 Cr22 Cr15 Cr11 Cr11 Cr
Inventories293 Cr311 Cr360 Cr374 Cr489 Cr537 Cr715 Cr780 Cr1,077 Cr1,166 Cr
Trade receivables624 Cr630 Cr642 Cr823 Cr697 Cr756 Cr824 Cr978 Cr1,182 Cr1,190 Cr
Cash & bank8 Cr17 Cr8 Cr10 Cr121 Cr101 Cr122 Cr86 Cr40 Cr70 Cr
Other assets405 Cr380 Cr352 Cr309 Cr360 Cr347 Cr292 Cr292 Cr303 Cr318 Cr
Total assets2,234 Cr2,246 Cr2,251 Cr2,483 Cr2,714 Cr2,752 Cr3,719 Cr4,095 Cr4,639 Cr4,972 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity252 Cr316 Cr309 Cr60 Cr377 Cr221 Cr239 Cr183 Cr363 Cr743 Cr
Cash from investing3 Cr-21 Cr-7 Cr-68 Cr-83 Cr-107 Cr-705 Cr-242 Cr-171 Cr-266 Cr
Cash from financing-234 Cr-293 Cr-226 Cr44 Cr-183 Cr-134 Cr487 Cr24 Cr-237 Cr-446 Cr
Net cash flow21 Cr2 Cr76 Cr35 Cr111 Cr-20 Cr21 Cr-36 Cr-46 Cr30 Cr
Free cash flow (OCF − Capex)233 Cr273 Cr236 Cr-20 Cr268 Cr154 Cr-495 Cr-69 Cr182 Cr498 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.1%15.2%19.7%15.8%18.5%16.4%10.8%12.8%15.9%23.8%
ROE %7.7%10.7%14.5%14.9%15.5%13.2%10.0%10.7%12.6%18.2%
Debtor days47372932242224232521
Inventory days118120125107144124136118135127
Days payable758385897052403935
Cash conversion cycle90746913115976107100121112
OCF / EBITDA %119.3%117.2%88.1%16.1%92.2%55.0%n.m.36.1%53.9%72.7%
OCF / EBITDA % (3 years)——105.5%69.0%65.9%55.6%71.6%50.7%51.0%58.5%
Debt / equity0.630.450.240.260.150.100.320.300.230.10
Current ratio1.151.301.571.691.982.471.731.721.631.92
Net debt / EBITDA3.061.870.901.050.370.221.601.290.880.26