NSE: RADICO | BSE: 532497

Expensive Performer

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2702.30 15.20 (0.57%)

Near 52W High of ₹2786.90

26,702 NSE+BSE Volume

NSE 30 Jul, 2025 11:07 AM (IST)

36,175

Market Cap

High in industry

0.5

Beta 1Year

Very Low volatility

Board Meeting

The next board meeting for Radico Khaitan Ltd. is on 31 Jul 2025 for the purpose of Quarterly Results 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.

09 Aug 2019

2702.30

0.57%

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.

Number of FII/FPI investors increased from 217 to 278 in Jun 2025 qtr.

Radico Khaitan Ltd.

25 Jun 2019

2702.30

0.57%

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. is trading above all available SMAs

Radico Khaitan Ltd.

06 May 2019

2702.30

0.57%

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. has an average target of 3037.40 from 5 brokers.

Radico Khaitan Ltd.

24 Jan 2019

2702.30

0.57%

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 57.13% in the last 1 Year

Radico Khaitan Ltd.

23 Jan 2019

2702.30

0.57%

Reiterate our Buy rating with a target price of Rs547, valuing it at 31x FY20E PER. RDCK'...

Buy: Radico Khaitan Ltd.

Emkay

Volume growth of the premium category continues to be robust: up 19% yoy/7% qoq. The company further reduced debt by Rs768mn in Q3. We expect RDCK to become debt-free in FY20 due to its solid FCF generation. The stock is available at a PER of 23.8x/20.1x FY21/21E EPS which is cheap for a consumer name. Our Buy recommendation is underpinned by an FCF yield of 5%,...

Radico Khaitan Ltd. has gained 57.13% in the last 1 Year

Radico Khaitan Ltd.

14 Jan 2019

2702.30

0.57%

The positive takeaways from our visit in RDCK's Rampur distillery in Uttar Pradesh (UP) r...

Buy: Radico Khaitan Ltd.

Emkay

next six months. The company expects molasses prices to be in line with last year. RDCK will incur Rs700mn in capex in the next two years to support premium brands' growth. The company is in the process of: 1) converting one of its molasses distilling plants to a grain spirit-based one; and, 2) tripling its malt spirit capacity to 1.5mn liters. The production of new products Verve Vodka, 8PM Black Whiskey, and Morpheus Blue Brandy is in full swing. Management expects three product launches in the next two years. Our forecasts and TP are unchanged, based on a target 31x FY20E PER, reflecting strong earnings growth. Strong 3Q results with expected 46% yoy growth in earnings should be...

Radico Khaitan Ltd. has gained 57.13% in the last 1 Year

Radico Khaitan Ltd.

25 Oct 2018

2702.30

0.57%

Radico Khaitan

Buy: Radico Khaitan Ltd.

Target

Kotak Securities

with our estimates, driven by 11.5% yoy growth in IMFL volume which was at 5.2 mn cases. Volume in Prestige and above segment grew at 14.6% yoy while Regular segment grew at 10.3% yoy. Volume growth slowed on qoq due to...

Radico Khaitan Ltd. is trading above all available SMAs

Radico Khaitan Ltd.

24 Oct 2018

2702.30

0.57%

Radico Khaitan (2QFY19): Firing on all cylinders. Maintain BUY

Buy: Radico Khaitan Ltd.

Target

HDFC Securities

Reiterate BUY with revised TP of Rs 548 Radico Khaitan (RDCK) reported healthy numbers for fourth consecutive quarter. In 2QFY19, revenues/ EBITDA/PAT grew by 15.5/39.5/76.3% YoY. Even in trailing 12m, RDCKs revenue/EBITDA and PAT grew at an accelerated pace of 20/44/85%. We expect the growth rate to taper from 3QFY19 as the base effect kicks-in yet it should remain healthy.

Radico Khaitan Ltd. is trading above all available SMAs

Radico Khaitan Ltd.

20 Aug 2018

2702.30

0.57%

RADICO KHAITAN LTD

Buy: Radico Khaitan Ltd.

Joindre Capital Services

Radico Khaitan Ltd (RDCK) is the third largest volume player in IMFL segment in Indian market with annual sales of more than 20 million cases. Having entered in branded IMFL segment in late 90s, RDCK has established a wide range of products across different price levels and expanded its presence in the market. RDCK owns six pillar brands, named 8PM, Magic Moments, Old Admiral, Morpheus, Contessa and After Dark, which have significant market presence and enjoys considerable market share in the industry. RDCK has three distilleries in Rampur, UP and holds 36% interest in a JV in Aurangabad, Maharashtra. It owns 5 bottling units and...

Radico Khaitan Ltd. has gained 25.44% in the last 6 Months

Radico Khaitan Ltd.

27 Jul 2018

2702.30

0.57%

Radico Khaitan

Buy: Radico Khaitan Ltd.

Target

Kotak Securities

EBITDA margins in the quarter improved by 259 bps yoy to 17.7% led by premiumization, better realization due to price hike in certain states on yoy and lower raw material cost. The company expects improvement in EBITDA...

Radico Khaitan Ltd. has gained 57.13% in the last 1 Year

Is Radico Khaitan Ltd. worth buying?

372 Votes:

Buy 77.69%

Sell 13.44%

Hold 8.87%

RESEARCH REPORTS

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