Radico Khaitan Ltd
Incorporated in the year 1943, Radico Khaitan is one of the most recognised IMFL (Indian Made Foreign Liquor) brands in India.
The company was initially known as Rampur Distillery Company and was focussed on distillation and bottling for branded players and canteen stores of armed forces.
Later on in the year 1997, Radico Khaitan ventured into its own branded IMFL products and launched its first brand 8PM whisky which became its milionaire brand within a year of its launch.
Revenue Break-Up
- IMFL
- Prestige & Above : 48%
- Regular & Others : 25%
- Other : 2%
- Non IMFL : 25%
Shareholding Pattern
–PUBLIC GROUP
-PROMOTER GROUP
Financial Summary
| Particulars | March 2022 | March 2023 | March 2024 |
| Sales | 2,859 | 3,133 | 4,106 |
| Sales Growth % | 20.44% | 9.59% | 31.03% |
| Expenses | 2,457 | 2,775 | 3,599 |
| Operating Profit | 402 | 359 | 507 |
| OPM % | 14% | 11% | 12% |
| Net Profit | 252 | 204 | 256 |
| EPS in Rs | 18.86 | 15.29 | 19.13 |
Synopsis of Financials
- Q1 FY ’25 Results:
- Achieved IMFL volume of 7.07 million cases, reflecting a year-on-year decline of 4%.
- Notable growth in the Prestige & Above (P&A) category:
- – Volume growth of 14.3%. – Value growth of 19.1%.
- P&A category now accounts for 43.4% of IMFL volume, up from 36.5% in Q1 FY ’24.
Final Outlook
Radico Khaitan is forecasted to grow earnings and revenue by 30% and 12.3% per annum respectively. EPS is expected to grow by 30.2% per annum. Return on equity is forecast to be 17.5% in 3 years.
During five years of share price growth, Radico Khaitan achieved compound earnings per share (EPS) growth of 6.1% per year. This EPS growth is slower than the share price growth of 43% per year, over the same period. This suggests that market participants hold the company in higher regard, these days. That’s not necessarily surprising considering the five-year track record of earnings growth. This favorable sentiment is reflected in its (fairly optimistic) P/E ratio of 90.36.
Radico Khaitan’s TSR for the last 5 years was 504%, which exceeds the share price return mentioned earlier.
share price is up a whopping 493% in the last half decade, a handsome return for long term holders.
Sales has significantly inceased in last Quarter Operating Profit also Increased by 41% in last Quarter, Investment is constant from last 3 quarters, Stock has shown constant high growth over last 5 yrs , soo in a long run company will give good return
By concluding with all these points i would say that this share is a good long term stock and will grow in the future.
I would suggest to buy this stock
Radico-Khaitan-Ltd