Radico Khaitan Ltd

Radico Khaitan maintains a conservative capital structure with a debt-to-equity ratio of 0.24 and a current ratio of 1.92, indicating adequate short-term liquidity coverage. The balance sheet shows total assets of INR 49.7 billion against total liabilities of INR 16.6 billion, with long-term debt standing at INR 8.0 billion. Despite holding INR 180.7 million in cash and equivalents, the company reports negative net cash after subtracting total debt, a key flag noted in the risk assessment. Operating cash flow of INR 7.4 billion supports free cash flow of INR 4.6 billion, demonstrating strong cash generation capabilities relative to capital expenditures of INR 2.4 billion.

Profitability metrics reflect efficient asset utilization, with a return on equity of 18.23% and a return on assets of 12.16%. The company generated a gross profit of INR 27.4 billion on revenue of INR 210.0 billion, resulting in an operating income of INR 8.5 billion and net income of INR 6.0 billion. These returns suggest a robust margin profile, although specific cohort median comparisons are unavailable to benchmark against industry peers. The high net income relative to revenue indicates effective cost management and pricing power within its beverage operations.

Revenue concentration and geographic exposure details are not provided in the available data, preventing a detailed analysis of segment mix or regional risk. The company’s activity is broadly classified under beverages, but without specific segment breakdowns, the reliance on core product lines versus emerging categories cannot be quantified. The absence of geographic data limits the assessment of exposure to specific regulatory or economic environments within India or international markets.

Growth trajectory analysis is constrained by the absence of historical period data, such as five-year annual or eight-quarter quarterly trends. Consequently, the year-over-year revenue growth rate and earnings momentum cannot be calculated from the provided snapshot. The current revenue base of INR 210.0 billion serves as the baseline for future projections, but historical consistency or acceleration patterns remain unverified due to missing time-series data.

Risk factors include medium liquidity risk and low dilution risk, with the primary concern being the negative net cash position. The company’s reliance on debt financing, while modest at a 0.24 debt-to-equity ratio, requires monitoring of interest coverage and refinancing needs. The low dilution risk suggests that share count stability is maintained, with basic and diluted shares outstanding both at 133.98 million, indicating no significant pending equity issuances or convertible instruments impacting per-share metrics.

Recent events and market sentiment are reflected in analyst estimates, with a mean price target of INR 3,987.30 and a median target of INR 3,935.00. The mean recommendation of 1.60, driven by 10 strong-buy and 8 buy ratings versus only 2 holds, indicates strong institutional confidence. This positive sentiment aligns with the company’s strong cash flow generation and profitability, although the lack of recent filing or news observations limits the context for any immediate catalysts or headwinds.

There are no material changes to report for Radico Khaitan Ltd (RADC.NS) in the current analysis period. The system review of 17 fields confirmed no significant shifts compared to prior assessments, with four schema-expansion fields excluded from the evaluation. Watcher signals and cross-source sentiment data remain inactive or negligible. Specifically, cross-source dispatches were virtually non-existent over the 30-day window ending in July 2026, with only a single dispatch recorded on June 29, 2026, and zero sentiment data available for any date in the range. The company’s fundamental profile shows no activity in key tracking metrics. There are currently no recorded officers, analysts, index memberships, or top holders associated with the entity in the available data. Consequently, there is no new information to synthesize regarding the company’s operational or financial trajectory. Investors should note that the absence of material changes, watcher signals, and holder data indicates a period of stability or lack of reported activity for RADC.NS.

Revenue grew 22.7% year-over-year to INR 209.8 billion in FY2026, demonstrating strong top-line expansion momentum.

Net income surged 74.9% to INR 6.0 billion in FY2026, significantly outpacing revenue growth rates.

Analysts project 12.0% upside to a mean price target of INR 3,987.3, reflecting positive market sentiment.

Free cash flow improved 73.6% to INR 4.6 billion in FY2026, indicating robust cash generation capabilities.

Long-term debt increased to INR 11.0 billion in FY2025, rising from INR 2.0 billion in FY2022.

The company faces medium liquidity risk, as indicated by risk flags in the financial assessment.

Current ratio of 0.06 is extremely low, potentially signaling short-term liquidity constraints despite overall growth.

Revenue INR 51.82B, +15,5% YoY; Operating income +71,2% YoY.

• ▍Revenue INR 51.82B, +15,5% YoY
• ▍Operating income +71,2% YoY
• ▍Net income +94,9% YoY
• ▍Net margin 3.5%

Revenue INR 54.24B, +22,1% YoY; Operating income +48,6% YoY.

• ▍Revenue INR 54.24B, +22,1% YoY
• ▍Operating income +48,6% YoY
• ▍Net income +62,2% YoY
• ▍Net margin 2.9%

Revenue INR 50.57B, +29,4% YoY; Operating income +57,1% YoY.

• ▍Revenue INR 50.57B, +29,4% YoY
• ▍Operating income +57,1% YoY
• ▍Net income +73,0% YoY
• ▍Net margin 2.8%

Revenue INR 53.14B, +24,6% YoY; Operating income +62,6% YoY.

• ▍Revenue INR 53.14B, +24,6% YoY
• ▍Operating income +62,6% YoY
• ▍Net income +68,7% YoY
• ▍Net margin 2.5%

Revenue INR 44.85B; Operating income INR 1.42B.

• ▍Revenue INR 44.85B
• ▍Operating income INR 1.42B
• ▍Net margin 2.1%

Revenue INR 44.41B; Operating income INR 1.48B.

• ▍Revenue INR 44.41B
• ▍Operating income INR 1.48B
• ▍Net margin 2.2%

Revenue INR 39.07B; Operating income INR 1.27B.

• ▍Revenue INR 39.07B
• ▍Operating income INR 1.27B
• ▍Net margin 2.1%

Revenue INR 42.66B; Operating income INR 1.16B.

• ▍Revenue INR 42.66B
• ▍Operating income INR 1.16B
• ▍Net margin 1.8%

Revenue INR 209.76B, +22,7% YoY; Operating income +61,0% YoY.

• ▍Revenue INR 209.76B, +22,7% YoY
• ▍Operating income +61,0% YoY
• ▍Net income +74,9% YoY
• ▍Free cash flow +73,6% YoY
• ▍Net margin 2.9%

Revenue INR 170.99B, +10,4% YoY; Operating income +35,9% YoY.

• ▍Revenue INR 170.99B, +10,4% YoY
• ▍Operating income +35,9% YoY
• ▍Net income +31,8% YoY
• ▍Free cash flow +193,6% YoY
• ▍Net margin 2.0%

Revenue INR 154.84B, +21,5% YoY; Operating income +38,2% YoY.

• ▍Revenue INR 154.84B, +21,5% YoY
• ▍Operating income +38,2% YoY
• ▍Net income +19,0% YoY
• ▍Free cash flow +118,1% YoY
• ▍Net margin 1.7%

Revenue INR 127.44B, +2,2% YoY; Operating income −15,3% YoY.

• ▍Revenue INR 127.44B, +2,2% YoY
• ▍Operating income −15,3% YoY
• ▍Net income −16,3% YoY
• ▍Free cash flow −442,7% YoY
• ▍Net margin 1.7%