RADICO KHAITAN LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,576 INR | -0.22% |
|
-4.15% | -4.93% |
| May. 27 | Radico Khaitan's Morpheus Brandy Achieves Sales of 1 Million Cases for Two Consecutive Years | MT |
| May. 15 | Transcript : Radico Khaitan Limited, Q4 2024 Earnings Call, May 15, 2024 |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 52,710 | 35,814 | 74,805 | 118,696 | 159,687 | 210,802 | - | - |
| Enterprise Value (EV) 1 | 55,525 | 35,814 | 74,805 | 119,622 | 159,687 | 237,398 | 208,474 | 206,931 |
| P/E ratio | 28.1 x | 15.7 x | 27.7 x | 47.1 x | 78.1 x | 90.3 x | 54 x | 39.7 x |
| Yield | 0.3% | 0.75% | 0.43% | 0.34% | 0.25% | 0.17% | 0.31% | 0.38% |
| Capitalization / Revenue | 2.51 x | 1.48 x | 3.09 x | 4.14 x | 5.08 x | 5.61 x | 4.27 x | 3.8 x |
| EV / Revenue | 2.65 x | 1.48 x | 3.09 x | 4.17 x | 5.08 x | 5.76 x | 4.22 x | 3.73 x |
| EV / EBITDA | 15.3 x | 9.63 x | 18.3 x | 29.7 x | 44.6 x | 46.9 x | 30.1 x | 23.8 x |
| EV / FCF | 23.4 x | -339 x | 27.9 x | 142 x | - | -342 x | 86.1 x | 49.7 x |
| FCF Yield | 4.27% | -0.29% | 3.59% | 0.7% | - | -0.29% | 1.16% | 2.01% |
| Price to Book | 4.01 x | 2.35 x | 4.24 x | 5.97 x | 7.42 x | 9.72 x | 7.74 x | 6.61 x |
| Nbr of stocks (in thousands) | 133,409 | 133,534 | 133,568 | 133,674 | 133,674 | 133,715 | - | - |
| Reference price 2 | 395.1 | 268.2 | 560.0 | 888.0 | 1,195 | 1,576 | 1,576 | 1,576 |
| Announcement Date | 5/2/19 | 5/28/20 | 6/1/21 | 5/30/22 | 5/25/23 | 5/14/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 20,969 | 24,270 | 24,181 | 28,680 | 31,428 | 41,185 | 49,365 | 55,408 |
| EBITDA 1 | 3,636 | 3,718 | 4,089 | 4,022 | 3,584 | 5,061 | 6,925 | 8,689 |
| EBIT 1 | 3,212 | - | 3,550 | 3,373 | 2,875 | 3,923 | 5,659 | 7,529 |
| Operating Margin | 15.32% | - | 14.68% | 11.76% | 9.15% | 9.53% | 11.46% | 13.59% |
| Earnings before Tax (EBT) 1 | 2,857 | 2,727 | 3,531 | 3,353 | 2,748 | 3,420 | 5,231 | 7,204 |
| Net income 1 | 1,881 | 2,275 | 2,706 | 2,522 | 2,044 | 2,558 | 3,910 | 5,385 |
| Net margin | 8.97% | 9.37% | 11.19% | 8.79% | 6.5% | 6.21% | 7.92% | 9.72% |
| EPS 2 | 14.08 | 17.04 | 20.25 | 18.87 | 15.29 | 19.13 | 29.21 | 39.69 |
| Free Cash Flow 1 | 2,373 | -105.6 | 2,682 | 840.8 | - | -694.5 | 2,420 | 4,160 |
| FCF margin | 11.32% | -0.43% | 11.09% | 2.93% | - | -1.69% | 4.9% | 7.51% |
| FCF Conversion (EBITDA) | 65.25% | - | 65.59% | 20.91% | - | 46.41% | 34.95% | 47.87% |
| FCF Conversion (Net income) | 126.16% | - | 99.14% | 33.34% | - | 87.19% | 61.9% | 77.24% |
| Dividend per Share 2 | 1.200 | 2.000 | 2.400 | 3.000 | 3.000 | 3.000 | 4.920 | 6.000 |
| Announcement Date | 5/2/19 | 5/28/20 | 6/1/21 | 5/30/22 | 5/25/23 | 5/14/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,842 | 6,947 | 6,028 | 7,088 | 7,660 | 8,125 | 7,574 | 7,614 | 7,922 | 8,318 | 9,539 | 8,968 | 10,528 | 11,481 | 12,377 |
| EBITDA 1 | 1,246 | 1,014 | 920.9 | 1,115 | 1,190 | 796.4 | 925.3 | 900.8 | 968.7 | 789.3 | 1,195 | 1,134 | 1,384 | 1,394 | 1,634 |
| EBIT | - | - | - | 952.9 | - | - | 757.9 | - | - | - | - | - | 1,067 | 1,170 | 1,323 |
| Operating Margin | - | - | - | 13.44% | - | - | 10.01% | - | - | - | - | - | 10.13% | 10.19% | 10.69% |
| Earnings before Tax (EBT) 1 | - | - | - | 940.5 | 1,006 | 629.4 | 771.9 | - | - | - | 840.3 | 755.5 | 939.5 | 931 | 1,235 |
| Net income 1 | 805.3 | 735.5 | 598.3 | 692.6 | 767.1 | 463.6 | 582.9 | - | 570.5 | - | 632.5 | 571.3 | 693.8 | 732.7 | 924 |
| Net margin | 11.77% | 10.59% | 9.93% | 9.77% | 10.01% | 5.71% | 7.7% | - | 7.2% | - | 6.63% | 6.37% | 6.59% | 6.38% | 7.47% |
| EPS | 6.020 | 5.510 | 4.480 | 5.180 | 5.740 | 3.470 | 4.360 | - | 4.270 | - | - | - | 5.400 | 5.600 | 6.900 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 1/28/21 | 6/1/21 | 7/28/21 | 11/2/21 | 2/3/22 | 5/30/22 | 8/10/22 | 11/14/22 | 2/14/23 | 5/25/23 | 8/3/23 | - | - | - | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,815 | - | - | 927 | - | 6,371 | - | - |
| Net Cash position 1 | - | - | - | - | - | - | 2,328 | 3,871 |
| Leverage (Debt/EBITDA) | 0.774 x | - | - | 0.2304 x | - | 1.259 x | - | - |
| Free Cash Flow 1 | 2,373 | -106 | 2,682 | 841 | - | -695 | 2,420 | 4,160 |
| ROE (net income / shareholders' equity) | 15.3% | 16% | 16.5% | 13.4% | 9.88% | 11.6% | 15% | 17.7% |
| ROA (Net income/ Total Assets) | - | 9.7% | 10.5% | 9.45% | 5.58% | 6.81% | 8.3% | 10% |
| Assets 1 | - | 23,455 | 25,729 | 26,671 | 36,632 | 37,538 | 47,108 | 53,851 |
| Book Value Per Share 2 | 98.40 | 114.0 | 132.0 | 149.0 | 161.0 | 178.0 | 204.0 | 239.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 714 | 702 | 1,088 | 1,359 | 7,125 | 2,524 | 981 | 869 |
| Capex / Sales | 3.41% | 2.89% | 4.5% | 4.74% | 22.67% | 6.13% | 1.99% | 1.57% |
| Announcement Date | 5/2/19 | 5/28/20 | 6/1/21 | 5/30/22 | 5/25/23 | 5/14/24 | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.93% | 2.53B | |
| -7.90% | 74.3B | |
| -14.27% | 37.47B | |
| -19.68% | 21.66B | |
| -5.71% | 9.2B | |
| -10.12% | 5.04B | |
| -25.65% | 4.72B | |
| +5.91% | 4.51B | |
| -21.21% | 1.71B | |
| +3.05% | 1.61B |
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- Financials Radico Khaitan Limited
