NSE: RADICO | BSE: 532497

Expensive Star

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2469.20 27.40 (1.12%)

72.69% Gain from 52W Low

90,900 NSE+BSE Volume

NSE 28 Apr, 2025 3:31 PM (IST)

33,039.7

Market Cap

High in industry

0.8

Beta 1Year

Very Low volatility

Board Meeting

The next board meeting for Radico Khaitan Ltd. is on 06 May 2025 for the purpose of Audited Results & Final Dividend See details

Radico Khaitan Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for RADICO, BSE:532497 Radico Khaitan Ltd.

Radico Khaitan Ltd.

24 Jul 2020

2469.20

1.12%

Radico Khaitan

Buy: Radico Khaitan Ltd.

Target

ICICI Securities Limited

The company is seeing a good recovery as June sales were only down ~10% YoY and the company expects to reach normal revenue trajectory in H2FY21. On profitability front, gross margin expanded owing to combination of factors like better price realisation and favourable state and product mix and price increase in key southern state of Telangana. Benign input cost and higher product realisation are expected to aid in gross margin improvement and stringent cost control and judicious spend on sales promotion will...

Radico Khaitan Ltd. is trading above all available SMAs

Radico Khaitan Ltd.

29 May 2020

2469.20

1.12%

Radico Khaitan

Buy: Radico Khaitan Ltd.

Target

ICICI Securities Limited

Strong volume growth continues for IMFL category Despite the lockdown in the latter part of March, RKL was able to deliver double digit volume growth in Indian made foreign liquor (IMFL). For FY20, IMFL volume growth was ~12.5% whereas prestige and above segment grew 15.2% YoY to 7.05 million cases while regular and other segment volumes grew 11.4%. Volume growth was broad based across key states and key IMFL brands. RKL's new brands 8PM Black Whiskey and 1965 Spirit of Victory rum continued their strong growth trajectory. Revenue for FY20...

Radico Khaitan Ltd. is trading above all available SMAs

Radico Khaitan Ltd.

24 Jan 2020

2469.20

1.12%

Radico Khaitan (3QFY20): Surging ahead with vigour. Maintain BUY

Buy: Radico Khaitan Ltd.

Target

HDFC Securities

During FY17-19, Radico enjoyed an earnings upcycle which has moderated in 9MFY20. However, co's focus on investing in new launches, driving premiumisation and deleveraging B/S has kept the growth momentum steady. Robust cash flow generation over the last 2 years (Rs 5bn cumulative FCF) was redeployed to repay debt (Rs 3.6bn in Dec-19 as compared to Rs 7.9bn in Mar-17). We expect deleveraging to sustain, making the co debt free by FY22. Healthy cash flow and deleveraging will re-rate the stock. Radico Khaitan saw a blockbuster performance in 3Q with P&A; saw 21% volume growth (beating estimates). Liquor industry facing multiple headwinds (slowdown, flooding, liquidity stress and policy changes) in 9MFY20, despite, Radico posted 16% P&A; volume growth to 5.5mn cases. Ease in RM inflation and sustaining healthy volume should re-rate the stock. We value Radico at 22x (45% discount to UNSP) on Dec-21 EPS, arriving at a TP of Rs 527. Maintain BUY.

Radico Khaitan Ltd. is trading above all available SMAs

Radico Khaitan Ltd.

24 Jan 2020

2469.20

1.12%

Radico Khaitan

Buy: Radico Khaitan Ltd.

Target

ICICI Securities Limited

Revenues from core services fell marginally by 0.2% to US$155.2 million while DLM revenues dipped 36.8% QoQ to US$15.1 million. Weakness within core services was mainly due to drag in its largest vertical aerospace & defence (decline 5.1% QoQ) on account of a dip in spend in engineering design. Decline in transport (down 14.7% QoQ) vertical also contributed to the slowdown in core. On the positive side, communication recovered healthily with 2.3% QoQ growth. Going ahead, growth is expected to gradually recover in aerospace from Q4FY20E. Taking into account...

Radico Khaitan Ltd. has an average target of 2935.67 from 3 brokers.

Radico Khaitan Ltd.

08 Nov 2019

2469.20

1.12%

Radico Khaitan (2QFY20): Marching ahead... Maintain BUY

Buy: Radico Khaitan Ltd.

Target

HDFC Securities

During FY17-19, Radico enjoyed an earnings upcycle which is expected to moderate in FY20. However, co is investing in new launches, driving premiumisation and deleveraging B/S which keeps the story alive. Robust cash flow generation over the last 2 years (Rs 4.4bn cumulative FCF) was redeployed to repay debt (Rs 3.5bn in Sep-19 as compared to 7.9bn in Mar-17). We expect deleveraging to sustain, making the co debt free by FY22. We expect the stock to re-rate as premiumisation and deleveraging continues. Radico Khaitans 2Q performance was soft but still stronger than industry growth. Liquor industry was impacted by slowdown, flooding, liquidity stress in the trade and stiff RM inflation. We believe these headwinds will moderate in 2H. We value Radico at 22x (45% discount to UNSP) on Sep-21 EPS, arriving at a TP of Rs 498. Maintain BUY.

Radico Khaitan Ltd. has an average target of 2935.67 from 3 brokers.

Radico Khaitan Ltd.

24 Sep 2019

2469.20

1.12%

Radico Khaitan

Buy: Radico Khaitan Ltd.

ICICI Securities Limited

Radico Khaitan Ltd. is trading above all available SMAs

Radico Khaitan Ltd.

09 Aug 2019

2469.20

1.12%

Radico Khaitan (1QFY20): In high spirits. Maintain BUY

Buy: Radico Khaitan Ltd.

Target

HDFC Securities

During FY17-19, Radico enjoyed an earnings upcycle which is expected to moderate in FY20. However, co is investing in new launches, driving premiumisation and deleveraging B/S which keeps the story alive. Robust cash flow generation over the last 2 years (Rs 4.4bn cumulative FCF) was redeployed to repay debt (Rs 3bn in Jun-19 vs. 7.9bn in Mar-17). We expect deleveraging to sustain, making the co debt free by FY22. We expect the stock to re-rate as premiumisation and deleveraging continues. Radico Khaitans 1Q performance was mixed with beat in volume growth but in-line EBITDA. Hardening of RM cost led to crack in GM margins. Consistent market share gains and scaling new launches drives our revenue upgrade by 6% over FY19-21E. However, sustained RM pressure leads to only 1% EBITDA upgrade over FY19-21E. We value Radico at 26x (35% discount to UNSP) on Mar-21 EPS, arriving at a TP of Rs 492. Maintain BUY.

Radico Khaitan Ltd. has an average target of 2935.67 from 3 brokers.

Radico Khaitan Ltd.

25 Jun 2019

2469.20

1.12%

We believe that the broader mid-cap sell-off, concerns about rising raw material costs an...

Buy: Radico Khaitan Ltd.

Target

Emkay

We believe that the broader mid-cap sell-off, concerns about rising raw material costs and fears about liquor ban in Andhra have overshadowed positive developments such as market share gains backed by product launches and continued debt reduction. RDCK is protected from the recent jump in Extra Neutral Alcohol (ENA) prices as it is backward-integrated with 100mn liters of ENA capacity. The recent price hikes by 10 states...

Radico Khaitan Ltd. has an average target of 2935.67 from 3 brokers.

Radico Khaitan Ltd.

06 May 2019

2469.20

1.12%

Radico Khaitan

Buy: Radico Khaitan Ltd.

Target

Kotak Securities

of our estimates, driven by 6.2% yoy growth in IMFL volume which was at 5.1 mn cases. Volume in Prestige and above category grew at 22.1% yoy while Regular category grew at a slower pace of 1.3% yoy. Volume growth in...

Radico Khaitan Ltd. is trading above all available SMAs

Radico Khaitan Ltd.

24 Jan 2019

2469.20

1.12%

Radico Khaitan (3QFY19): Strong performance. Maintain BUY

Buy: Radico Khaitan Ltd.

Target

HDFC Securities

Reiterate BUY with revised TP of Rs 592 (32x Dec-20E EPS) vs. 40x for UNSP.RDCK trades at relatively cheap valuation at 25/22x FY20/21E EPS vs. 47/37x for UNSP. Radico Khaitan (RDCK) delivered healthy performance in 3QFY19. Revenue/EBITDA/PAT grew by 14.6/27/51% YoY. For 9MFY19, revenue/EBITDA/PAT grew at 18/37/69%.

Radico Khaitan Ltd. has gained 42.84% in the last 1 Year

Is Radico Khaitan Ltd. worth buying?

367 Votes:

Buy 77.38%

Sell 13.62%

Hold 8.99%

RESEARCH REPORTS

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