Radico Khaitan Ltd.

•

₹ 4,639.8-1.2%

2026-08-21

radicokhaitan.comBSE: 532497NSE: RADICO

Market Cap₹ 62,664 Cr.

Current Price₹ 4,696

High / Low₹ 4,747 / 2,500

Stock P/E89.1

Book Value₹ 264

Price to Book10.64

Dividend Yield0.19 %

ROCE22.6 %

ROE20.0 %

Face Value₹ 2

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ABOUT

KEY POINTS

PROS

Company has consistently been profitable over the last 5 years
Latest quarter profit grew 75.9% YoY, showing strong momentum
Company has delivered good sales growth of 20.3% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.05x)
Company comfortably covers its interest (13.5x coverage)
Company has a consistent dividend-paying track record

CONS

Stock is trading at 10.6x its book value
Expensive relative to growth - PEG of 2.2
Rich enterprise valuation - EV/EBITDA of 34.6x

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Fast Moving Consumer GoodsAlcoholBreweries & Distilleries

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	UNITDSPR	1520.00	58.68	110557.33	1.12	463.00	11.03	6122.00	-2.75	27.86	7.01
2.	RADICO	4677.00	89.07	62663.57	0.19	229.60	75.91	5867.69	10.43	22.64	6.07
3.	UBL	1352.80	90.41	35768.73	0.74	166.28	-9.65	5919.44	10.01	11.92	4.77
4.	ABDL	598.35	75.74	16736.46	0.90	45.42	-18.65	1809.15	1.85	18.53	6.38
5.	TI	573.70	0.00	14197.58	0.17	31.59	-64.31	2252.43	160.74	28.50	7.50
6.	INDIAGLYCO	1105.85	23.43	7412.15	0.68	96.83	32.19	2988.44	19.39	12.73	6.36
7.	PICCADIL	704.85	49.44	6947.86	0.00	21.43	16.30	270.50	18.78	22.68	16.20
8.	TRUALT	471.35	27.23	4041.95	0.00	59.27	1154.41	626.88	106.29	10.57	21.18
9.	GLOBUSSPR	904.80	28.31	2846.62	0.72	26.48	49.69	1151.88	21.05	5.71	6.66
10.	GMBREW	876.40	12.77	2002.30	1.03	37.74	—	802.90	21.08	20.40	5.79
11.	SDBL	73.13	0.00	1520.38	0.00	1.56	-96.29	609.19	-31.13	18.52	2.46
12.	ASALCBR	717.40	17.43	1440.48	0.28	178.31	653.99	2863.03	959.58	18.06	10.43

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	3,909	3,569	4,111	3,895	4,266	3,907	4,441	4,485	5,314	5,057	5,424	5,182	5,868
	3,789	3,448	3,968	3,772	4,119	3,743	4,257	4,308	5,081	4,819	5,157	4,898	5,572
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	1	1	5	2	1	1	1	1	1	2	3	6	2
Interest	12	12	18	17	16	17	20	22	16	16	16	15	12
Depreciation	24	26	32	32	33	36	36	36	36	37	37	42	41
	84	83	98	77	99	112	130	121	174	186	207	233	305
Tax %	24.73%	25.73%	24.77%	25.81%	25.21%	26.52%	26.12%	25.36%	25.45%	25.43%	24.94%	24.73%	24.72%
Net Profit	0	0	0	0	77	81	95	92	131	140	155	179	230
	5	5	6	4	6	6	7	7	10	10	12	13	2
Equity Capital	27	27	27	27	27	27	27	27	27	27	27	27	27
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	27	27	27	27	27	27	27	27	27	27	27	27	27
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 3,909
: 3,789
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 12
Depreciation: 24
: 84
Tax %: 24.73%
Net Profit: 0
: 5
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 3,569
: 3,448
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 12
Depreciation: 26
: 83
Tax %: 25.73%
Net Profit: 0
: 5
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 4,111
: 3,968
Operating Profit: —
OPM %: —
Other Income: 5
Interest: 18
Depreciation: 32
: 98
Tax %: 24.77%
Net Profit: 0
: 6
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 3,895
: 3,772
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 17
Depreciation: 32
: 77
Tax %: 25.81%
Net Profit: 0
: 4
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 4,266
: 4,119
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 16
Depreciation: 33
: 99
Tax %: 25.21%
Net Profit: 77
: 6
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 3,907
: 3,743
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 17
Depreciation: 36
: 112
Tax %: 26.52%
Net Profit: 81
: 6
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 4,441
: 4,257
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 20
Depreciation: 36
: 130
Tax %: 26.12%
Net Profit: 95
: 7
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 4,485
: 4,308
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 22
Depreciation: 36
: 121
Tax %: 25.36%
Net Profit: 92
: 7
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 5,314
: 5,081
Operating Profit: —
OPM %: —
Other Income: 1
Interest: 16
Depreciation: 36
: 174
Tax %: 25.45%
Net Profit: 131
: 10
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 5,057
: 4,819
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 16
Depreciation: 37
: 186
Tax %: 25.43%
Net Profit: 140
: 10
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 5,424
: 5,157
Operating Profit: —
OPM %: —
Other Income: 3
Interest: 16
Depreciation: 37
: 207
Tax %: 24.94%
Net Profit: 155
: 12
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 5,182
: 4,898
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 15
Depreciation: 42
: 233
Tax %: 24.73%
Net Profit: 179
: 13
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 5,868
: 5,572
Operating Profit: —
OPM %: —
Other Income: 2
Interest: 12
Depreciation: 41
: 305
Tax %: 24.72%
Net Profit: 230
: 2
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 27
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,680	1,823	2,097	2,427	2,399	2,868	3,143	4,119	4,851	6,050	21,531
	1,469	1,556	1,746	2,059	1,990	2,471	2,790	3,616	4,182	5,046	20,445
Operating Profit	231	297	364	381	423	410	368	515	679	1,034	—
OPM %	14	16	17	16	18	14	12	13	14	17	—
Other Income	21	30	13	13	15	13	15	12	10	29	13
Interest	81	69	36	32	22	13	22	60	74	65	60
Depreciation	42	41	42	53	54	65	71	114	140	153	158
	109	188	286	273	347	332	291	348	465	805	931
Tax %	26	34	34	17	24	25	24	25	26	25	25
Net Profit	80	124	188	228	264	249	220	262	346	604	699
EPS	6	9	15	17	21	20	16	20	26	45	—
Dividend Payout %	13	11	8	12	12	15	18	15	15	20	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	6	2	13	15	0	0	0	0	12
Adjusted EPS	6	9	15	17	21	20	16	20	26	45	—
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Share of Associates	0	0	6	2	13	15	0	0	0	0	12
Adjusted EPS	6	9	15	17	21	20	16	20	26	45	—

Mar 2017

: 1,680
: 1,469
Operating Profit: 231
OPM %: 14
Other Income: 21
Interest: 81
Depreciation: 42
: 109
Tax %: 26
Net Profit: 80
EPS: 6
Dividend Payout %: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2018

: 1,823
: 1,556
Operating Profit: 297
OPM %: 16
Other Income: 30
Interest: 69
Depreciation: 41
: 188
Tax %: 34
Net Profit: 124
EPS: 9
Dividend Payout %: 11
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9

Mar 2019

: 2,097
: 1,746
Operating Profit: 364
OPM %: 17
Other Income: 13
Interest: 36
Depreciation: 42
: 286
Tax %: 34
Net Profit: 188
EPS: 15
Dividend Payout %: 8
Minority Interest: 0
Share of Associates: 6
Adjusted EPS: 15
Minority Interest: 0
Share of Associates: 6
Adjusted EPS: 15

Mar 2020

: 2,427
: 2,059
Operating Profit: 381
OPM %: 16
Other Income: 13
Interest: 32
Depreciation: 53
: 273
Tax %: 17
Net Profit: 228
EPS: 17
Dividend Payout %: 12
Minority Interest: 0
Share of Associates: 2
Adjusted EPS: 17
Minority Interest: 0
Share of Associates: 2
Adjusted EPS: 17

Mar 2021

: 2,399
: 1,990
Operating Profit: 423
OPM %: 18
Other Income: 15
Interest: 22
Depreciation: 54
: 347
Tax %: 24
Net Profit: 264
EPS: 21
Dividend Payout %: 12
Minority Interest: 0
Share of Associates: 13
Adjusted EPS: 21
Minority Interest: 0
Share of Associates: 13
Adjusted EPS: 21

Mar 2022

: 2,868
: 2,471
Operating Profit: 410
OPM %: 14
Other Income: 13
Interest: 13
Depreciation: 65
: 332
Tax %: 25
Net Profit: 249
EPS: 20
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 15
Adjusted EPS: 20
Minority Interest: 0
Share of Associates: 15
Adjusted EPS: 20

Mar 2023

: 3,143
: 2,790
Operating Profit: 368
OPM %: 12
Other Income: 15
Interest: 22
Depreciation: 71
: 291
Tax %: 24
Net Profit: 220
EPS: 16
Dividend Payout %: 18
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 16

Mar 2024

: 4,119
: 3,616
Operating Profit: 515
OPM %: 13
Other Income: 12
Interest: 60
Depreciation: 114
: 348
Tax %: 25
Net Profit: 262
EPS: 20
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 20
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 20

Mar 2025

: 4,851
: 4,182
Operating Profit: 679
OPM %: 14
Other Income: 10
Interest: 74
Depreciation: 140
: 465
Tax %: 26
Net Profit: 346
EPS: 26
Dividend Payout %: 15
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 26
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 26

Mar 2026

: 6,050
: 5,046
Operating Profit: 1,034
OPM %: 17
Other Income: 29
Interest: 65
Depreciation: 153
: 805
Tax %: 25
Net Profit: 604
EPS: 45
Dividend Payout %: 20
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 45
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 45

TTM

: 21,531
: 20,445
Operating Profit: —
OPM %: —
Other Income: 13
Interest: 60
Depreciation: 158
: 931
Tax %: 25
Net Profit: 699
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 12
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 12
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 14%
5 Years:: 20%
3 Years:: 24%

COMPOUNDED PROFIT GROWTH

10 Years:: 23%
5 Years:: 17%
3 Years:: 40%

STOCK PRICE CAGR

10 Years:: 47%
5 Years:: 40%
3 Years:: 55%
1 Year:: 66%

RETURN ON EQUITY

10 Years:: 13%
5 Years:: 14%
3 Years:: 15%
Last Year:: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	27	27	27	27	27	27	27	27	27	27
	1,017	1,130	1,309	1,516	1,766	1,999	2,177	2,406	2,720	3,282
	696	558	315	399	272	185	368	524	693	502
Trade Payables	185	214	245	264	262	235	275	248	313	326
	310	318	356	277	451	578	873	890	887	835
Total Liabilities	2,234	2,246	2,251	2,483	2,778	3,024	3,719	4,095	4,639	4,972
ASSETS	-	-	-	-	-	-	-	-	-	-
	704	685	714	743	810	821	1,234	1,700	1,811	1,910
Capital Work in Progress	2	20	16	18	38	29	326	53	23	75
	220	220	176	178	184	175	191	198	198	240
	293	311	360	374	489	537	715	780	1,077	1,166
	0	0	0	0	697	756	824	978	1,182	1,190
Cash & Bank	14	22	18	18	130	110	131	101	58	88
	1,002	987	968	1,151	429	596	297	286	290	304
Total Assets	2,234	2,246	2,251	2,483	2,778	3,024	3,719	4,095	4,639	4,972
Total Debt	799	592	337	400	273	190	697	949	983	632
Net Working Capital	155	288	446	579	806	958	771	849	980	1,244
Contingent Liabilities	14	9	8	12	12	16	13	35	157	160
Book Value per Share	78.42	86.75	100.09	115.53	134.22	151.53	164.86	181.95	205.28	247.11
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Total Debt	799	592	337	400	273	190	697	949	983	632
Net Working Capital	155	288	446	579	806	958	771	849	980	1,244
Contingent Liabilities	14	9	8	12	12	16	13	35	157	160
Book Value per Share	78.42	86.75	100.09	115.53	134.22	151.53	164.86	181.95	205.28	247.11
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00

Mar 2017

Equity Capital: 27
: 1,017
: 696
Trade Payables: 185
: 310
Total Liabilities: 2,234
: 704
Capital Work in Progress: 2
: 220
: 293
: 0
Cash & Bank: 14
: 1,002
Total Assets: 2,234
Total Debt: 799
Net Working Capital: 155
Contingent Liabilities: 14
Book Value per Share: 78.42
Face Value: 2.00
Total Debt: 799
Net Working Capital: 155
Contingent Liabilities: 14
Book Value per Share: 78.42
Face Value: 2.00

Mar 2018

Equity Capital: 27
: 1,130
: 558
Trade Payables: 214
: 318
Total Liabilities: 2,246
: 685
Capital Work in Progress: 20
: 220
: 311
: 0
Cash & Bank: 22
: 987
Total Assets: 2,246
Total Debt: 592
Net Working Capital: 288
Contingent Liabilities: 9
Book Value per Share: 86.75
Face Value: 2.00
Total Debt: 592
Net Working Capital: 288
Contingent Liabilities: 9
Book Value per Share: 86.75
Face Value: 2.00

Mar 2019

Equity Capital: 27
: 1,309
: 315
Trade Payables: 245
: 356
Total Liabilities: 2,251
: 714
Capital Work in Progress: 16
: 176
: 360
: 0
Cash & Bank: 18
: 968
Total Assets: 2,251
Total Debt: 337
Net Working Capital: 446
Contingent Liabilities: 8
Book Value per Share: 100.09
Face Value: 2.00
Total Debt: 337
Net Working Capital: 446
Contingent Liabilities: 8
Book Value per Share: 100.09
Face Value: 2.00

Mar 2020

Equity Capital: 27
: 1,516
: 399
Trade Payables: 264
: 277
Total Liabilities: 2,483
: 743
Capital Work in Progress: 18
: 178
: 374
: 0
Cash & Bank: 18
: 1,151
Total Assets: 2,483
Total Debt: 400
Net Working Capital: 579
Contingent Liabilities: 12
Book Value per Share: 115.53
Face Value: 2.00
Total Debt: 400
Net Working Capital: 579
Contingent Liabilities: 12
Book Value per Share: 115.53
Face Value: 2.00

Mar 2021

Equity Capital: 27
: 1,766
: 272
Trade Payables: 262
: 451
Total Liabilities: 2,778
: 810
Capital Work in Progress: 38
: 184
: 489
: 697
Cash & Bank: 130
: 429
Total Assets: 2,778
Total Debt: 273
Net Working Capital: 806
Contingent Liabilities: 12
Book Value per Share: 134.22
Face Value: 2.00
Total Debt: 273
Net Working Capital: 806
Contingent Liabilities: 12
Book Value per Share: 134.22
Face Value: 2.00

Mar 2022

Equity Capital: 27
: 1,999
: 185
Trade Payables: 235
: 578
Total Liabilities: 3,024
: 821
Capital Work in Progress: 29
: 175
: 537
: 756
Cash & Bank: 110
: 596
Total Assets: 3,024
Total Debt: 190
Net Working Capital: 958
Contingent Liabilities: 16
Book Value per Share: 151.53
Face Value: 2.00
Total Debt: 190
Net Working Capital: 958
Contingent Liabilities: 16
Book Value per Share: 151.53
Face Value: 2.00

Mar 2023

Equity Capital: 27
: 2,177
: 368
Trade Payables: 275
: 873
Total Liabilities: 3,719
: 1,234
Capital Work in Progress: 326
: 191
: 715
: 824
Cash & Bank: 131
: 297
Total Assets: 3,719
Total Debt: 697
Net Working Capital: 771
Contingent Liabilities: 13
Book Value per Share: 164.86
Face Value: 2.00
Total Debt: 697
Net Working Capital: 771
Contingent Liabilities: 13
Book Value per Share: 164.86
Face Value: 2.00

Mar 2024

Equity Capital: 27
: 2,406
: 524
Trade Payables: 248
: 890
Total Liabilities: 4,095
: 1,700
Capital Work in Progress: 53
: 198
: 780
: 978
Cash & Bank: 101
: 286
Total Assets: 4,095
Total Debt: 949
Net Working Capital: 849
Contingent Liabilities: 35
Book Value per Share: 181.95
Face Value: 2.00
Total Debt: 949
Net Working Capital: 849
Contingent Liabilities: 35
Book Value per Share: 181.95
Face Value: 2.00

Mar 2025

Equity Capital: 27
: 2,720
: 693
Trade Payables: 313
: 887
Total Liabilities: 4,639
: 1,811
Capital Work in Progress: 23
: 198
: 1,077
: 1,182
Cash & Bank: 58
: 290
Total Assets: 4,639
Total Debt: 983
Net Working Capital: 980
Contingent Liabilities: 157
Book Value per Share: 205.28
Face Value: 2.00
Total Debt: 983
Net Working Capital: 980
Contingent Liabilities: 157
Book Value per Share: 205.28
Face Value: 2.00

Mar 2026

Equity Capital: 27
: 3,282
: 502
Trade Payables: 326
: 835
Total Liabilities: 4,972
: 1,910
Capital Work in Progress: 75
: 240
: 1,166
: 1,190
Cash & Bank: 88
: 304
Total Assets: 4,972
Total Debt: 632
Net Working Capital: 1,244
Contingent Liabilities: 160
Book Value per Share: 247.11
Face Value: 2.00
Total Debt: 632
Net Working Capital: 1,244
Contingent Liabilities: 160
Book Value per Share: 247.11
Face Value: 2.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	252	316	309	60	370	222	239	166	363	743
Cash from Investing	3	-21	-7	-67	-76	-108	-705	-226	-171	-266
Cash from Financing	-234	-293	-226	9	-183	-134	487	24	-237	-446
	21	2	76	2	111	-20	21	-36	-46	30
Free Cash Flow	237	282	248	-11	232	161	-502	-133	148	461
OCF / Net Profit	3.14	2.55	1.64	0.26	1.40	0.89	1.08	0.63	1.05	1.23
Cumulative 5-Year FCF	0	0	0	0	988	912	128	-253	-94	135
OCF / Net Profit	3.14	2.55	1.64	0.26	1.40	0.89	1.08	0.63	1.05	1.23
Cumulative 5-Year FCF	0	0	0	0	988	912	128	-253	-94	135

Mar 2017

: 252
Cash from Investing: 3
Cash from Financing: -234
: 21
Free Cash Flow: 237
OCF / Net Profit: 3.14
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.14
Cumulative 5-Year FCF: 0

Mar 2018

: 316
Cash from Investing: -21
Cash from Financing: -293
: 2
Free Cash Flow: 282
OCF / Net Profit: 2.55
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.55
Cumulative 5-Year FCF: 0

Mar 2019

: 309
Cash from Investing: -7
Cash from Financing: -226
: 76
Free Cash Flow: 248
OCF / Net Profit: 1.64
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.64
Cumulative 5-Year FCF: 0

Mar 2020

: 60
Cash from Investing: -67
Cash from Financing: 9
: 2
Free Cash Flow: -11
OCF / Net Profit: 0.26
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.26
Cumulative 5-Year FCF: 0

Mar 2021

: 370
Cash from Investing: -76
Cash from Financing: -183
: 111
Free Cash Flow: 232
OCF / Net Profit: 1.40
Cumulative 5-Year FCF: 988
OCF / Net Profit: 1.40
Cumulative 5-Year FCF: 988

Mar 2022

: 222
Cash from Investing: -108
Cash from Financing: -134
: -20
Free Cash Flow: 161
OCF / Net Profit: 0.89
Cumulative 5-Year FCF: 912
OCF / Net Profit: 0.89
Cumulative 5-Year FCF: 912

Mar 2023

: 239
Cash from Investing: -705
Cash from Financing: 487
: 21
Free Cash Flow: -502
OCF / Net Profit: 1.08
Cumulative 5-Year FCF: 128
OCF / Net Profit: 1.08
Cumulative 5-Year FCF: 128

Mar 2024

: 166
Cash from Investing: -226
Cash from Financing: 24
: -36
Free Cash Flow: -133
OCF / Net Profit: 0.63
Cumulative 5-Year FCF: -253
OCF / Net Profit: 0.63
Cumulative 5-Year FCF: -253

Mar 2025

: 363
Cash from Investing: -171
Cash from Financing: -237
: -46
Free Cash Flow: 148
OCF / Net Profit: 1.05
Cumulative 5-Year FCF: -94
OCF / Net Profit: 1.05
Cumulative 5-Year FCF: -94

Mar 2026

: 743
Cash from Investing: -266
Cash from Financing: -446
: 30
Free Cash Flow: 461
OCF / Net Profit: 1.23
Cumulative 5-Year FCF: 135
OCF / Net Profit: 1.23
Cumulative 5-Year FCF: 135

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	6.03	9.30	14.55	17.16	20.75	19.69	16.48	19.61	25.83	45.14
Book Value (₹)	78.42	86.75	100.09	115.53	134.22	151.53	164.86	181.95	205.28	247.11
Dividend per Share (₹)	0.80	1.00	1.20	2.00	2.40	3.00	3.00	3.00	4.00	9.00
Cash EPS (₹)	9.16	12.37	17.28	20.97	23.83	23.45	21.79	28.11	36.30	56.57
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	4.75%	4.73%	4.52%	4.05%	3.84%	3.13%	2.72%	3.19%	3.84%	4.69%
Net Margin %	1.65%	1.98%	2.33%	2.42%	2.48%	1.96%	1.70%	1.66%	1.98%	2.83%
ROE %	7.94%	11.27%	15.09%	15.81%	15.86%	13.02%	10.42%	11.31%	13.35%	19.96%
ROCE %	10.04%	14.28%	18.80%	16.85%	18.42%	16.11%	12.23%	12.97%	15.14%	22.64%
	3.52%	5.53%	8.36%	9.61%	10.05%	8.57%	6.54%	6.71%	7.91%	12.58%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	46	36	29	28	26	21	22	21	23	20
Inventory Days	21	18	15	14	15	15	18	17	19	19
Payable Days	122	148	171	142	152	108	104	70	62	59
	-55	-94	-127	-100	-111	-72	-64	-32	-20	-20
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	0.77x	0.51x	0.25x	0.26x	0.15x	0.09x	0.32x	0.39x	0.36x	0.19x
Interest Coverage (x)	2.35x	3.74x	8.97x	9.55x	16.54x	25.83x	13.93x	6.84x	7.26x	13.48x
	1.15x	1.30x	1.57x	1.69x	1.91x	2.07x	1.70x	1.70x	1.63x	1.92x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	1.70%	8.50%	15.04%	15.74%	-1.16%	19.56%	9.58%	31.05%	17.79%	24.72%
Operating Profit Growth %	1.91%	28.32%	22.65%	4.75%	11.00%	-3.16%	-10.19%	40.02%	31.72%	52.27%
Net Profit Growth %	2.59%	54.63%	51.71%	20.97%	16.24%	-6.02%	-11.34%	18.98%	31.82%	74.90%
	0.00%	0.00%	0.00%	0.00%	20.92%	-5.10%	-16.29%	18.94%	31.73%	74.78%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	27.03x	45.05x	72.46x	88.05x	93.98x	58.25x
P/B (x)	0.00x	0.00x	0.00x	0.00x	4.18x	5.86x	7.25x	9.49x	11.82x	10.64x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.43%	0.34%	0.25%	0.17%	0.16%	0.34%
	0.00x	0.00x	0.00x	0.00x	18.04x	29.13x	44.91x	46.43x	49.20x	34.58x

Mar 2017

EPS (₹): 6.03
Book Value (₹): 78.42
Dividend per Share (₹): 0.80
Cash EPS (₹): 9.16
Operating Margin %: 4.75%
Net Margin %: 1.65%
ROE %: 7.94%
ROCE %: 10.04%
: 3.52%
Debtor Days: 46
Inventory Days: 21
Payable Days: 122
: -55
Debt to Equity (x): 0.77x
Interest Coverage (x): 2.35x
: 1.15x
Revenue Growth %: 1.70%
Operating Profit Growth %: 1.91%
Net Profit Growth %: 2.59%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): 9.30
Book Value (₹): 86.75
Dividend per Share (₹): 1.00
Cash EPS (₹): 12.37
Operating Margin %: 4.73%
Net Margin %: 1.98%
ROE %: 11.27%
ROCE %: 14.28%
: 5.53%
Debtor Days: 36
Inventory Days: 18
Payable Days: 148
: -94
Debt to Equity (x): 0.51x
Interest Coverage (x): 3.74x
: 1.30x
Revenue Growth %: 8.50%
Operating Profit Growth %: 28.32%
Net Profit Growth %: 54.63%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): 14.55
Book Value (₹): 100.09
Dividend per Share (₹): 1.20
Cash EPS (₹): 17.28
Operating Margin %: 4.52%
Net Margin %: 2.33%
ROE %: 15.09%
ROCE %: 18.80%
: 8.36%
Debtor Days: 29
Inventory Days: 15
Payable Days: 171
: -127
Debt to Equity (x): 0.25x
Interest Coverage (x): 8.97x
: 1.57x
Revenue Growth %: 15.04%
Operating Profit Growth %: 22.65%
Net Profit Growth %: 51.71%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 17.16
Book Value (₹): 115.53
Dividend per Share (₹): 2.00
Cash EPS (₹): 20.97
Operating Margin %: 4.05%
Net Margin %: 2.42%
ROE %: 15.81%
ROCE %: 16.85%
: 9.61%
Debtor Days: 28
Inventory Days: 14
Payable Days: 142
: -100
Debt to Equity (x): 0.26x
Interest Coverage (x): 9.55x
: 1.69x
Revenue Growth %: 15.74%
Operating Profit Growth %: 4.75%
Net Profit Growth %: 20.97%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 20.75
Book Value (₹): 134.22
Dividend per Share (₹): 2.40
Cash EPS (₹): 23.83
Operating Margin %: 3.84%
Net Margin %: 2.48%
ROE %: 15.86%
ROCE %: 18.42%
: 10.05%
Debtor Days: 26
Inventory Days: 15
Payable Days: 152
: -111
Debt to Equity (x): 0.15x
Interest Coverage (x): 16.54x
: 1.91x
Revenue Growth %: -1.16%
Operating Profit Growth %: 11.00%
Net Profit Growth %: 16.24%
: 20.92%
P/E (x): 27.03x
P/B (x): 4.18x
Dividend Yield %: 0.43%
: 18.04x

Mar 2022

EPS (₹): 19.69
Book Value (₹): 151.53
Dividend per Share (₹): 3.00
Cash EPS (₹): 23.45
Operating Margin %: 3.13%
Net Margin %: 1.96%
ROE %: 13.02%
ROCE %: 16.11%
: 8.57%
Debtor Days: 21
Inventory Days: 15
Payable Days: 108
: -72
Debt to Equity (x): 0.09x
Interest Coverage (x): 25.83x
: 2.07x
Revenue Growth %: 19.56%
Operating Profit Growth %: -3.16%
Net Profit Growth %: -6.02%
: -5.10%
P/E (x): 45.05x
P/B (x): 5.86x
Dividend Yield %: 0.34%
: 29.13x

Mar 2023

EPS (₹): 16.48
Book Value (₹): 164.86
Dividend per Share (₹): 3.00
Cash EPS (₹): 21.79
Operating Margin %: 2.72%
Net Margin %: 1.70%
ROE %: 10.42%
ROCE %: 12.23%
: 6.54%
Debtor Days: 22
Inventory Days: 18
Payable Days: 104
: -64
Debt to Equity (x): 0.32x
Interest Coverage (x): 13.93x
: 1.70x
Revenue Growth %: 9.58%
Operating Profit Growth %: -10.19%
Net Profit Growth %: -11.34%
: -16.29%
P/E (x): 72.46x
P/B (x): 7.25x
Dividend Yield %: 0.25%
: 44.91x

Mar 2024

EPS (₹): 19.61
Book Value (₹): 181.95
Dividend per Share (₹): 3.00
Cash EPS (₹): 28.11
Operating Margin %: 3.19%
Net Margin %: 1.66%
ROE %: 11.31%
ROCE %: 12.97%
: 6.71%
Debtor Days: 21
Inventory Days: 17
Payable Days: 70
: -32
Debt to Equity (x): 0.39x
Interest Coverage (x): 6.84x
: 1.70x
Revenue Growth %: 31.05%
Operating Profit Growth %: 40.02%
Net Profit Growth %: 18.98%
: 18.94%
P/E (x): 88.05x
P/B (x): 9.49x
Dividend Yield %: 0.17%
: 46.43x

Mar 2025

EPS (₹): 25.83
Book Value (₹): 205.28
Dividend per Share (₹): 4.00
Cash EPS (₹): 36.30
Operating Margin %: 3.84%
Net Margin %: 1.98%
ROE %: 13.35%
ROCE %: 15.14%
: 7.91%
Debtor Days: 23
Inventory Days: 19
Payable Days: 62
: -20
Debt to Equity (x): 0.36x
Interest Coverage (x): 7.26x
: 1.63x
Revenue Growth %: 17.79%
Operating Profit Growth %: 31.72%
Net Profit Growth %: 31.82%
: 31.73%
P/E (x): 93.98x
P/B (x): 11.82x
Dividend Yield %: 0.16%
: 49.20x

Mar 2026

EPS (₹): 45.14
Book Value (₹): 247.11
Dividend per Share (₹): 9.00
Cash EPS (₹): 56.57
Operating Margin %: 4.69%
Net Margin %: 2.83%
ROE %: 19.96%
ROCE %: 22.64%
: 12.58%
Debtor Days: 20
Inventory Days: 19
Payable Days: 59
: -20
Debt to Equity (x): 0.19x
Interest Coverage (x): 13.48x
: 1.92x
Revenue Growth %: 24.72%
Operating Profit Growth %: 52.27%
Net Profit Growth %: 74.90%
: 74.78%
P/E (x): 58.25x
P/B (x): 10.64x
Dividend Yield %: 0.34%
: 34.58x

Shareholding Pattern

Numbers in percentages

TRADES

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
40.26	40.24	40.24	40.23	40.22	40.21	40.20	40.20	40.19
18.82	18.60	17.71	16.95	17.77	18.00	19.82	17.63	18.20
24.47	24.70	25.56	26.77	25.96	25.48	24.03	27.35	28.08
0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00
16.44	16.45	16.48	16.04	16.04	16.32	15.95	14.81	13.52

Jun 2024

: 40.26
: 18.82
: 24.47
: 0.00
: 16.44

Sep 2024

: 40.24
: 18.60
: 24.70
: 0.00
: 16.45

Dec 2024

: 40.24
: 17.71
: 25.56
: 0.00
: 16.48

Mar 2025

: 40.23
: 16.95
: 26.77
: 0.00
: 16.04

Jun 2025

: 40.22
: 17.77
: 25.96
: 0.00
: 16.04

Sep 2025

: 40.21
: 18.00
: 25.48
: 0.00
: 16.32

Dec 2025

: 40.20
: 19.82
: 24.03
: 0.01
: 15.95

Mar 2026

: 40.20
: 17.63
: 27.35
: 0.00
: 14.81

Jun 2026

: 40.19
: 18.20
: 28.08
: 0.00
: 13.52

Documents

Announcements

Press Release
2026-08-20 - Radico Khaitan Limited has informed the Exchange regarding a press release dated August 20, 2026, titled "Magic Moments expands its category-defining Flavours of India portfolio with a bold new expression inspired by one of India's most loved beverages- Magic Moments Aam Panna".
Copy of Newspaper Publication
2026-08-19 - Radico Khaitan Limited has informed the Exchange about Newspaper Advertisement - Re-opening of Special Window for transfer and dematerialization (demat) of physical shares.

Annual Reports

Credit Ratings

Credit Rating- Revision
2026-07-10 - Radico Khaitan Limited has informed the Exchange about Credit Rating- upgrade.

Concalls

Aug 2026
Transcript PPTREC
Jul 2026
TranscriptPPTREC
May 2026
Transcript PPTREC