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Radico Khaitan Ltd share Price Today

Company details

1,656.30
1,742.00
1,068.55
1,885.10
6M Return 44.17%
1Y Return 45.96%
Mkt Cap.(Cr) 23,101.40
Volume 222,442
Div Yield 0.18%
OI
-
OI Chg %
-
Volume 222,442

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Breweries & Distilleries company Radico Khaitan announced Q3FY24 & 9MFY24 results:

  • Q3FY24 vs Q3FY23:
    • Total IMFL volume reached 7.25 million cases, showing a growth of 3.7%.
    • Prestige & Above brands volume amounted to 3.11 million cases, marking a significant increase of 20.2%.
    • Prestige & Above brands net sales totaled Rs 519.7 crore, reflecting a substantial growth of 29.1%.
    • Prestige & Above brands contributed 49.9% to the IMFL volumes, compared to 42.4% previously.
    • Prestige & Above brands contributed 71.3% to the Total IMFL sales value, compared to 63.4% previously.
    • Revenue from Operations (Net) stood at Rs 1,160.9 crore, exhibiting a notable growth of 46.6%.
    • Gross Profit amounted to Rs 485.8 crore, showing a significant increase of 48.4% with a margin of 41.8%.
    • EBITDA stood at Rs 142.2 crore, showing a growth of 47.6% with a margin of 12.2%.
    • Total comprehensive income amounted to Rs 73.4 crore, showing a growth of 29.5%.
  • 9MFY24 vs 9MFY23:
    • Total IMFL volume reached 21.57 million cases, showing a growth of 2.7%.
    • Prestige & Above brands volume amounted to 8.34 million cases, marking a significant increase of 22.7%.
    • Prestige & Above brands net sales totaled Rs 1,428.9 crore, reflecting a substantial growth of 34.5%.
    • Prestige & Above brands contributed 44.4% to the IMFL volumes, compared to 36.5% previously.
    • Prestige & Above brands contributed 67.0% to the Total IMFL sales value, compared to 57.7% previously.
    • Revenue from Operations (Net) stood at Rs 3,039.8 crore, exhibiting a notable growth of 31.5%.
    • Gross Profit amounted to Rs 1,310.0 crore, showing a significant increase of 34.5% with a margin of 43.1%.
    • EBITDA stood at Rs 381.7 crore, showing a growth of 37.3% with a margin of 12.6%.
    • Total comprehensive income amounted to Rs 197.6 crore, showing a growth of 19.0%.

Commenting on the results and performance, Dr. Lalit Khaitan, Chairman & Managing Director said: “Radico Khaitan has delivered another quarter of resilient performance with strong business fundamentals amidst a challenging operating environment. Our commitment to delivering value to our consumers, execution excellence, increasing investments in brands, and driving premiumization remains a cornerstone of our success. While the demand for the regular category brands was muted, premium brands growth remained robust. With positive macro indicators, continued government spending and a favorable consumer sentiment, we believe that the consumption should see an uptrend in the future. We are confident of the mid to long term potential of Indian Alcobev sector and Radico Khaitan remains well positioned to capitalize on this opportunity whilst steering the short-term challenges.”

Commenting on the results and performance, Abhishek Khaitan, Managing Director said: “We started the calendar year 2024 on an exciting note with the launch of Spirit of Victory 1999 Pure Malt whisky. Priced at Rs 5000, this brand is targeted at the mid-priced luxury segment. Our Master Blender has travelled over the world to evaluate various single malts and has blended them meticulously together with our Indian single malt to craft this exquisite pure malt. We are confident that 1999 Pure Malt will go on to create a mark of its own as many of our previous luxury brands. During Q3FY24, our Prestige & Above category brands delivered a strong 20% growth and now account for about 50% of total IMFL volumes. It is heartening to note that due to our focus on financial discipline, we have been able to reduce our net debt by over Rs 100 crore on sequential basis. We remain committed to our integrated growth strategy of a focused premium product portfolio, brand innovation, an agile organization and delivering value to our consumers and stakeholders.”

 

Result PDF

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Radico Khaitan Ltd shares SWOT Analysis

Strengths (8)

  • Stock passes majority of CANSLIM Investment criteria
  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth

Weakness (4)

  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Inefficient use of assets to generate profits - ROA declining in the last 2 years

Opportunity (2)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • RSI indicating price strength

Threats (3)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,761.1
R2 1,794.4
R3 1,846.8
Pivot

1,708.68

S1 1,675.4
S2 1,623.0
S3 1,589.7
EMA SMA
1,626.1
1,619.2
1,569.5
1,461.0
1,594.9
1,639.5
1,600.1
1,436.8
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-25 1046.6 238603 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-25 1046.6 31490 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-25 1046.6 238603 BSE
Name Category Shares
SAPPHIRE INTREX LIMITED PROMOTER 33.94%
RAMPUR INTERNATIONAL LIMITED PROMOTER 3.93%
CLASSIC FINTREX PRIVATE LTD PROMOTER 1.93%

OUR RESEARCH VIEW

Investment recommendation
Call Date
30 Dec 2021
Entry Price 1,242.00
Target Price 1,450.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Radico Khaitan Ltd Stocks COMPARISON

Financials( in Cr) Radico Khaitan Ltd United Spirits Ltd United Breweries Ltd Sula Vineyards Ltd Tilaknagar Industries Ltd
Price 1,727.75 1,134.25 1,735.95 551.40 210.50
% Change 3.43 -0.46 2.26 1.27 -2.37
Mcap Cr 23,101.40 82,499.79 45,899.39 4,653.82 4,049.58
Revenue TTM Cr 3,142.81 10,611.60 7,499.92 516.27 1,164.36
Net Profit TTM Cr 204.37 1,125.80 304.68 84.03 149.90
PE TTM 92.03 64.89 135.23 49.45 30.22
1 Year Return 45.96 51.34 22.78 55.02 109.14
ROCE 11.40 17.41 10.58 19.69 10.37
ROE 9.65 15.21 7.71 18.12 12.06
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 2,207.89 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,068.81 33,709.58
LAST 3M 68,518.10 30,558.15
LAST 6M 130,081.93 64,349.19
LAST 12M 189,941.35 208,211.24

Radico Khaitan Ltd Information

Stock PE (TTM)
92.03
Promoter Holding
40.26%
Book Value
172.4383
ROCE
11.4%
ROE
9.65%
Description
  • Radico Khaitan Ltd. (RKL) is an Indian manufacturer of industrial alcohol, country liquor, Indian Made Foreign Liquor (IMFL), and fertilisers. It was incorporated in 1943. The company’s headquarters are in Rampur. Radico Khaitan Ltd.’s consolidated net sales for the quarter ended June 2022 were Rs 3,183.80 crore, up 428.2% year-on-year. On 19 August 2022, the company’s market capitalisation stood at Rs 12,789 crore.  

    The company’s Bombay Stock Exchange listing code is 532497, and the National Stock Exchange listing code is RADICO. It is also listed on the MCX Stock Exchange and the Bangalore Stock Exchange.  

    Radico Khaitan Ltd. is one of the largest and oldest manufacturers of IMFL in India. It was formerly known as Rampur Distillery. The company is one of the few in the country to have developed an organic brand portfolio with in-house capabilities. It runs four leading brands under its portfolio, including Old Admiral Brandy, Magic Moments Vodka, 8 PM Whisky, and Contessa XXX Rum. For FY 2021-2022, the company’s profit after tax was Rs 263.23 crore, down 5.03% from the previous financial year, 2020-2021.  

    The company’s shareholding pattern at the end of the June 2022 quarter showed a promoter stake of 40.27%, a foreign institutional investor stake of 18.35%, a domestic institutional investor stake of 20.26%, and a public stake of 21.13%. The leading promoter was Sapphire Intrex Ltd., with a 33.95% share. In the June 2022 quarter, FII holdings decreased from 19.28% to 18.35%, while mutual fund holdings increased from 17.91% to 18.74%.  

    Radico Khaitan Ltd.’s top management includes Mr Lalit Khaitan, Mr Abhishek Khaitan, Mr Raghupati Singhania, Mr Krishan Pal Singh, Mr Sharad Jaipuria, Ms Sushmita Singha, Mr Tushar Jain, and Mr Dilip K Banthiya. The company’s auditors are BGJC & Associates LLP. On 30 June 2022, the company disclosed a total of 13.37 crore shares outstanding.  

    On 19 August 2022, the company’s share price closed at Rs 961.70 on BSE. Radico Khaitan Ltd.’s share price closed at Rs 956.80 on NSE. The 52-week high for the company’s share price was Rs 1,294, and the 52-week low for Radico Khaitan Ltd.’s share price was Rs 723.20.  

    The company’s peers in the alcoholic beverages segment include United Spirits Ltd., United Breweries Ltd., Globus Spirits Ltd., and Tilaknagar Industries Ltd. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

Bareilly Road, , Rampur, Uttar Pradesh, 244901

Tel : 91-595-2350601-2
Email : investor:radico.co.in
Website : http://www.radicokhaitan.com
Registrar

Mas Services Limited

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532497
NSE Code : RADICO
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE944F01028

FAQ’s on Radico Khaitan Ltd Shares

You can buy Radico Khaitan Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Radico Khaitan Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 28, 2024 03:53 PM the closing price of Radico Khaitan Ltd was ₹ 1,727.75.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 28, 2024 03:53 PM, the market cap of Radico Khaitan Ltd stood at ₹ 23,101.40.

The latest PE ratio of Radico Khaitan Ltd as of Mar 28, 2024 03:53 PM is 92.03

The latest PB ratio of Radico Khaitan Ltd as of Mar 28, 2024 03:53 PM is 0.10

The 52-week high of Radico Khaitan Ltd share price is ₹ 1,885.10 while the 52-week low is ₹ 1,068.55

According to analyst recommendations, Radico Khaitan Ltd Share has a “Buy” rating for the long term.

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