Let's break down Radico Khaitan Ltd (RADICO) — from its financial performance to how the market is valuing the stock.
Radico Khaitan Revenue Trend
Radico Khaitan Ltd clocked ₹17,099 Cr in revenue for FY2025, up 10.4% from FY2024.
A 27.7% revenue CAGR over 10 years is hard to ignore. Radico Khaitan Ltd's top line moved from ₹1,488 Cr to ₹17,099 Cr in that period.
Radico Khaitan Ltd is a major brew/distilleries company by revenue, with a top line of ₹17,099 Cr.
The consistency stands out: 10 consecutive years of growth in top-line revenue.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹17,099 Cr | +10.4% |
| FY2024 | ₹15,493 Cr | +21.5% |
| FY2023 | ₹12,753 Cr | +2.2% |
| FY2022 | ₹12,478 Cr | +20.1% |
| FY2021 | ₹10,387 Cr | — |
View Radico Khaitan Ltd's full 10-year revenue trend with CAGR analysis →
Radico Khaitan Profitability
Profitability strengthened with net income of ₹346 Cr in FY2025, 31.8% higher than FY2024.
On the margin front, things were flat — net profit margin stayed around 2.0% in FY2025.
Per-share earnings moved to ₹25.82 in FY2025 from ₹19.61 in FY2024.
Is Radico Khaitan Undervalued
Using the P/E Ratio methodology, the calculated intrinsic value comes to ₹2,232.
Radico Khaitan Ltd shares are currently trading at ₹3,464.10.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹2,232 | 35.6% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Radico Khaitan Ltd with detailed assumptions →
Radico Khaitan Shareholding Pattern
At 40.2%, the promoter stake has been flat for the past 4 quarters.
As of December 2025, FIIs own 19.8% of the company — up from 16.9% a year earlier.
On the domestic institutional side, the holding is 24.0% as of December 2025 — down from 26.8%.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Dec 2025 | 40.2% | 19.8% | 24.0% | 15.9% |
| Sep 2025 | 40.2% | 18.0% | 25.5% | 16.3% |
| Jun 2025 | 40.2% | 17.8% | 26.0% | 16.0% |
| Mar 2025 | 40.2% | 16.9% | 26.8% | 16.0% |
Track quarterly shareholding changes for Radico Khaitan Ltd →
Radico Khaitan Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹46.39B at the end of FY2025, up 13.3% from ₹40.95B a year earlier.
Property, Plant & Equipment is the largest block at 39.4%, followed by Receivables at 25.5% and Inventories at 23.2%.
Equity makes up 59.4% of liabilities and equity, with debt at 16.2% and operating liabilities at 24.5%. Over the year, debt is down 8.3% and equity is up 12.9%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 401.69M |
| Receivables | 11.82B |
| Inventories | 10.77B |
| Property, Plant & Equipment | 18.27B |
| Investments | 1.98B |
| Intangibles & Goodwill | 69.97M |
| Other Assets | 3.07B |
| Category | Value |
|---|---|
| Equity | 27.54B |
| Short-term Debt | 5.08B |
| Long-term Debt | 2.42B |
| Trade Payables | 6.65B |
| Other Liabilities | 4.70B |
Radico Khaitan — The Bottom Line
Bringing the key threads together for Radico Khaitan Ltd (RADICO) as a brew/distilleries investment opportunity.
Revenue of ₹17,099 Cr in FY2025, up 10.4% year-over-year.
Long-term revenue has been compounding at 27.7% annually over 10 years.
The company is profitable, with a net margin of 2.0% and net income of ₹346 Cr.
The P/E Ratio model implies 35.6% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Craytheon's full analysis of Radico Khaitan Ltd goes deeper: three valuation models, growth metrics, and 10 years of financial data.