Fast Moving Consumer Goods · NSE/BSE: RADICO
Radico Khaitan Limited
Breweries & Distilleries
Market Cap ₹0.48L Cr
Verdict: High
Quality Scores
Multi-Bagger
84/100
Compounder Quality
86/100
Management Credibility
92/100
Governance
85/100
Cash Flow Quality
78/100
AI Summary
Radico Khaitan Limited (RKL) has evolved from a bulk distiller into a premium IMFL powerhouse, demonstrating a structural pivot towards high-margin 'Prestige & Above' brands. Over the last decade, the company has successfully increased its market share in the Indian alcoholic beverages sector while maintaining a strong manufacturing footprint including the historic Rampur Distillery. Recent years show a significant acceleration in revenue growth (21% 5-year CAGR) and net profit growth (TTM at 79%), fueled by aggressive premiumization and the successful rollout of the Jaisalmer and Rampur…
Top Opportunities
- Significant 10-year PAT CAGR of 23%
- Successful premiumization (P&A segment dominance)
- Strong backward integration through Sitapur project
Top Risks
- Historically long cash conversion cycle (over 160 days)
- Vulnerability to Glass and ENA (Extra Neutral Alcohol) price volatility
- Highly regulated sector with complex state-level excise policies
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