# Radico Khaitan share price today (Radico Khaitan Ltd, NSE: RADICO)

> Radico Khaitan share price today: ₹4,250.00 at the NSE close on 3 November 2026, up 35.7% in a year. Radico Khaitan (NSE: RADICO) is worth ₹56,941 crore, trades at a P/E of 70.9 and has closed between ₹2,623.20 and ₹4,650.00 over the past 52 weeks. > Radico Khaitan Ltd's earnings have grown faster than its share price. Earnings per share grew +74.8% in a year while the price moved +35.7%. RADICO · Alcoholic Beverages · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/radico-khaitan-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹4,250.00 (+35.7% in a year)
- P/E: 70.9× (higher than 63% of the last 9.1 years)
- Revenue (Sep 2026): ₹1,745 Cr (+16.8% on a year ago)
- Profit (Sep 2026): ₹232 Cr (+65.7% on a year ago)
- Operating margin: 20.0% (+4.0 points on a year ago)
- ROCE: 24%, FY26
- ROIC: 21.0%, against a 12.0% cost of capital: +9.0 points

The main question: yearly earnings per share moved +74.8% while the share price moved +35.7%. ## What is the Radico Khaitan share price today? Radico Khaitan Ltd's share price was ₹4,250.00 at the close on 3 November 2026. It has been rising for 26 weeks. That is 10.8% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹2,623 and ₹4,650, and at that close it sat 80% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running. Over the last 11 years the share price moved +4,152% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Radico Khaitan this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), profit up on a year earlier for 12 quarters in a row (every quarter we can compare) and highest quarterly profit in 16 quarters. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹1,745 crore, +16.8% on a year earlier. Why: Revenue rose because the company sold more higher-priced drinks, especially vodka, and it raised prices. Next results: check whether premium and above volumes stay strong through the festive season, as management expects. From the earnings call on 28 Oct 2026. 2. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter profit was ₹232 crore, +65.7% on a year earlier. Why: Profit rose because more of the company's sales came from higher-priced drinks, especially vodka, and price increases helped. Higher grain and packaging costs took some of that back. Next results: check whether the company keeps about 20% of sales as profit for the year, as management expects. From the earnings call on 28 Oct 2026. 3. Highest quarterly profit in 16 quarters Profit of ₹232 crore in the September 2026 quarter is the highest of the last 16 quarters. Why: Profit reached its highest level because more of the company's sales came from higher-priced drinks, especially vodka, and price increases helped. Higher grain and packaging costs took some of that back. From the earnings call on 28 Oct 2026. ## What are Radico Khaitan's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Radico Khaitan reported revenue of ₹1,745 crore, up 16.8% from ₹1,494 crore a year earlier, and a profit of ₹232 crore, up 65.7% from ₹140 crore. ### Radico Khaitan results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,745 crore | ₹1,494 crore | +16.8% |
| Profit | ₹232 crore | ₹140 crore | +65.7% |
| Earnings per share | ₹17.34 | ₹10.42 | +66.4% |
| Operating margin | 20.0% | 16.0% | +4.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Radico Khaitan's management discussed these results on a call held on 28 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Radico Khaitan share price history? Radico Khaitan closed at ₹4,250.00 on 3 November 2026, up 35.7% from ₹3,131.50 a year earlier (31 October 2025) and up 304.1% over five years. Its highest weekly close since March 2016 was ₹4,650.00 on 14 August 2026. ### Radico Khaitan share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹4,157.30 | +2.2% |
| 1 month ago · 1 Oct 2026 | ₹4,237.00 | +0.3% |
| 6 months ago · 30 Apr 2026 | ₹3,423.10 | +24.2% |
| 1 year ago · 31 Oct 2025 | ₹3,131.50 | +35.7% |
| 3 years ago · 3 Nov 2023 | ₹1,320.20 | +221.9% |
| 5 years ago · 4 Nov 2021 | ₹1,051.60 | +304.1% |
| 10 years ago · 4 Nov 2016 | ₹138.25 | +2,974.1% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹99.95 | +4,152.1% |
| Highest weekly close since March 2016, also the 52-week high · 14 Aug 2026 | ₹4,650.00 | −8.6% |
| Lowest weekly close since March 2016 · 27 May 2016 | ₹84.85 | +4,908.8% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹2,623.20 | +62.0% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Radico Khaitan? 3 Nov 2026: Radico Khaitan closed at ₹4,250.00, up 2.2% on the week and up 0.3% on the month. 28 Oct 2026: Radico Khaitan held its results call for July to September 2026. Management guided: P&A volume growth 30% in FY27, upgraded for second time. ### Earlier

- Results for July to September 2026: Revenue up 16.8% and profit up 65.7% on a year earlier. - Our read, 22 Aug 2026: 1. April to June 2026 revenue was ₹1,684 Cr (+11.8% on a year earlier), profit was ₹230 Cr (+75.6%), and reported operating margin was 21%. 2. 3. - 24 Jul 2026: ex-date for a dividend of ₹9 a share. ### Our read of the business

1. April to June 2026 revenue was ₹1,684 Cr (+11.8% on a year earlier), profit was ₹230 Cr (+75.6%), and reported operating margin was 21%. 2. 3. April to June 2026: Revenue ₹1,684 Cr and profit ₹230 Cr; P&A volume grew 36.0%. (Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What dividend does Radico Khaitan pay? Radico Khaitan paid ₹9 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.21% at the ₹4,250.00 close on 3 November 2026. The last was a dividend of ₹9 a share, ex-date 24 July 2026. ### Radico Khaitan dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 24 Jul 2026 | ₹9 | Dividend |
| 24 Jul 2025 | ₹4 | Dividend |
| 25 Jul 2024 | ₹3 | Dividend |
| 14 Sep 2023 | ₹3 | Dividend |
| 21 Sep 2022 | ₹3 | Dividend |
| 20 Sep 2021 | ₹2.40 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Radico Khaitan Ltd paid out 20% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Radico Khaitan management say on the latest results call? On the call for July to September 2026, held on 28 October 2026, Radico Khaitan's management guided: P&A volume growth 30% in FY27, upgraded for second time. > “Looking ahead, we have upgraded our Prestige & Above volume growth to 30% in FY27, and we remain confident of sustaining an EBITDA margin of around 20% for the year.”
> Abhishek Khaitan, on the call for July to September 2026

### What management guided

- Operating margin around 20% in FY27 despite input volatility. - Luxury value growth 25% in FY27 on prior base, on track. - Regular volumes plateau with 1% to 2% growth from H2 as base nullifies. - Whisky and brandy portfolios growth upwards of 20% in FY27, vodka to grow faster. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/4468-28-Oct-2026.pdf). (From the call for July to September 2026, 28 October 2026.)

## What is the future of Radico Khaitan? What is changing in the business? What is changing at Radico Khaitan, from the latest results and calls: prestige & above premiumisation, vodka category and magic moments and deleveraging. - Prestige & Above premiumisation. P&A volume grew 36.0% on a year earlier in April to June 2026 while total IMFL volume grew 3.0% on a year earlier. ✓ fact
- Vodka category and Magic Moments. Magic Moments delivered 3.3 million cases, 43.0% volume growth and 51.0% value growth in April to June 2026. ✓ fact
- Deleveraging. Net debt declined ₹138 Cr since March 2026 and management expects net debt-free status by July to September 2026. ✓ fact
- Luxury portfolio rollout. Management goals 25.0% FY27 luxury-sales growth from the approximately ₹475 Cr FY26 base. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What could change the Radico Khaitan story? What are the risks? P&A volume growth slows materially and pricing or mix no longer offsets input-cost pressure. ### Each change stops working if

- Prestige & Above premiumisation: P&A volume growth slows materially and pricing or mix no longer offsets input-cost pressure. - Vodka category and Magic Moments: Consumer demand for flavored vodka fades or competitors take share. - Deleveraging: Cash generation weakens or material debt-funded expansion is initiated. - Luxury portfolio rollout: Route-to-market expansion stalls or luxury demand does not support the planned realization. ### The main risks

- Management consistency: The four available concalls contain 11 Tijori consistency flags. ⚠ estimate
- Input and packaging costs: Packing-material volatility was a ₹30 Cr April to June 2026 headwind. ✓ fact
- State excise-policy disruption: Maharashtra MML disrupted industry volumes, while other state policy changes can alter route-to-market economics. ✓ fact
- Luxury rollout execution: The ₹475 Cr FY26 luxury base must grow 25.0% in FY27 to meet management's goal. ✓ fact

(Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in Radico Khaitan's next results? When Radico Khaitan reports October to December 2026, these are the 2 checks that show whether the story is still on course. First: P&A volume delivery through festive H2 against flagged full-year goal - per momentum seen as strong as first half. - What to check (from the call)
- P&A volume delivery through festive H2 against flagged full-year goal - per momentum seen as strong as first half. - Luxury value growth delivery at guided pace - per on-track commentary and Virasat rollout to new states. ## Which stock lists is Radico Khaitan on? Radico Khaitan is on one of our India lists: Small & mid cap stocks. [Small & mid cap stocks Size rank in India: 180](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Radico Khaitan profitable? Radico Khaitan Ltd earned ₹232 Cr of net profit in the Sep 2026 quarter, +65.7% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹604 Cr. Over 10 years profit has grown 22.7% a year on average. That is 13.3% of the quarter's revenue. The same quarter a year earlier earned ₹140 Cr. For the full year, FY26 profit was ₹604 Cr (+74.6% on the year before). Why profit moved: revenue changed +16.8% on a year earlier and the margin moved +4.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +74.8% and revenue +15.9%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY27-Q1. revenue ₹1,685 Cr and profit ₹230 Cr as reported. FY27-Q2. revenue ₹1,745 Cr and profit ₹232 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much revenue does Radico Khaitan make, and is it growing? Radico Khaitan Ltd reported ₹1,745 Cr of revenue in the Sep 2026 quarter, +16.8% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 13.9% a year on average. The last full year, FY26, came in at ₹6,037 Cr. Why this happened. The P&A portfolio is the main growth driver. The benefit must be assessed alongside the 98th-percentile OPM, since part of the current earnings uplift may not persist through a normal input-cost and mix cycle. The last four reported quarters add to ₹6,481 Cr. FY26 revenue was ₹6,037 Cr, +24.7% on the year before. Recent pace: the last four quarters grew +15.9% on average, against 13.9% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +15.8%, against +20.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +73.8%, against +67.1% a year (accelerating). FY27-Q1. revenue ₹1,685 Cr and profit ₹230 Cr as reported. FY27-Q2. revenue ₹1,745 Cr and profit ₹232 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Radico Khaitan keep? Radico Khaitan Ltd's operating margin was 20.0% in the Sep 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 11.0% and 17.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +4.6 percentage points on the year while gross margin changed +4.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. FY27-Q1. revenue ₹1,685 Cr and profit ₹230 Cr as reported. FY27-Q2. revenue ₹1,745 Cr and profit ₹232 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## Is Radico Khaitan's profit turning into cash? Over the last 3 years, 105% of Radico Khaitan Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹743 Cr of operating cash against ₹604 Cr of profit. After ₹305 Cr of spending on assets, ₹438 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 105% of profit came in as cash: the cash cycle got 62 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: the bigger use of cash is spending on new assets, at 2.0× depreciation over three years. The next section checks what that spending is building. ## Where does Radico Khaitan's cash go? Radico Khaitan Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 177 days in FY26, down from 239 days in FY21. It spent ₹832 Cr on assets over the last 3 years. Customers take 72 days to pay, and stock sits for 221 days on average. At FY26 sales of ₹6,037 Cr, each day of that cycle ties up about ₹16.5 Cr, so roughly ₹2,928 Cr is tied up in the business at any time. FY26: customers took 72 days to pay and stock sat for 221 days, about 7.3 months of sales sitting as stock, for a full cycle of 177 days, shorter than FY21's 239. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 221 days. Customers pay about 72 days after that. Suppliers are paid at 117 days. Together that makes the 177-day cycle. Spending on assets: ₹832 Cr over the last 3 years, against ₹407 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹76.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Radico Khaitan's P/E ratio, and how does it compare with its own history? Radico Khaitan Ltd's P/E is 70.9×, in the middle of its own history: higher than 63% of past readings. Its usual P/E (the middle reading) is 54.6×, over 9.1 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +74.8% while the price moved +35.7%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +32.2% a year; about +22.2% a year came from earnings growth and about +10.0 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Radico Khaitan business getting better or worse? Radico Khaitan Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 30.9%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the Radico Khaitan story, and has it been checked? Radico Khaitan Ltd's story is not scored yet against the checks our research set on 22 August 2026. Our read, 22 August 2026. From the numbers. The engine estimates…

From the price. Price stage 2, week 26, above its 200-day line, relative strength falling. From the research. Where they disagree. What is proven. What is not proven yet. What would change our mind. The test written in advance. Measured by: the thesis as written as stated by the next result. The test written in advance. The test written in advance. Management consistency. Measured by: Management consistency Any revision to P&A, luxury, margin or net-debt guidance. by the next result. What the company does. 1. Q1 FY27 revenue was ₹1,684 Cr (+11.8% YoY), PAT was ₹230 Cr (+75.6%), and reported OPM was 21%. 2. P&A volume grew 36.0% YoY and Magic Moments delivered 3.3 million cases, but the cycle engine estimates 20.7% OPM is at the 98th percentile of its own history. 3. What the surface reading misses. The surface reading is: FY26 revenue increased 24.7% YoY. The research reads it further: Revenue growth supports the premiumisation narrative but does not by itself prove that peak margins are durable. What the surface reading misses. The surface reading is: FY26 PAT increased 74.6% YoY. The research reads it further: PAT growth materially exceeded revenue growth, making the margin and interest-cost contribution central to sustainability. Sources: our stock research file (22 August 2026) · quarterly results through Sep 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did Radico Khaitan management deliver what it promised? What Radico Khaitan Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Regular-Category Growth Outlook Cut · 28 October 2026. Management's regular-category outlook moved from 3%-5% volume growth for FY27 in May 2026 to approximately 1%-2% in the latest call, a material reduction. The latest call cites raw material prices and other factors, but does not explain why the prior expectation of growth broadly in line with the industry has been replaced by a plateau or only 1%-2% growth. UK-India FTA Margin Assumption No Longer Clear · 28 October 2026. In May 2026, management said the 125-basis-point FY27 margin expansion outlook was inclusive of the UK-India FTA benefit. In October 2026, management said the DRI was still assessing the relevant import treatment and that it could not speculate, but the call did not quantify any impact on the maintained 20% EBITDA margin guidance. The earlier guidance assumption and the latest regulatory uncertainty therefore need to be reconciled. P&A Volume Growth Guidance Raised · 29 July 2026. In both the January 2026 and May 2026 calls, management guided to 20% FY27 volume growth for the Prestige & Above portfolio. In the July 2026 call, management raised the guidance to 25% or more, a material 5 percentage-point increase, citing strong momentum but without clearly quantifying the changed assumptions supporting the upgrade. Non-IMFL Margin Outlook Increased Without a Clear Reconciliation · 29 July 2026. In May 2026, management indicated that the non-IMFL business would generate a full-year margin in the range of 9%. In July 2026, management described 11% to 11.5% as the current margin and said that 11% levels were sustainable, implying a material upward change to the stated margin outlook without clarifying whether this reflects a temporary quarterly benefit or a revised full-year expectation. Every quote above is taken word for word from the company’s own earnings calls. ## How much does Radico Khaitan earn on its capital? Radico Khaitan Ltd earned a ROCE of 24% in FY26. That is up from a low of 10% in FY17. Its return on capital used (ROIC) is 9.0 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 10.0% net margin and 1.21× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 10.0% net margin × 1.21× asset turnover × 1.51× leverage (assets divided by equity) ≈ 18.3% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 21.0% − 12.0% = +9.0 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value. The 21.0% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 17.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Radico Khaitan have too much debt? Radico Khaitan Ltd has total debt of ₹394 Cr against shareholder equity of ₹3,670 Cr as of Sep 2026, so its debt is 0.11× its equity, which is very little. Year by year, that ratio went from 0.10 in FY22 to 0.15 in FY26. So the returns on this page come from the business, not from borrowed money. Why this happened. The interest expense line fell from ₹22 Cr in Q4 FY25 to ₹12 Cr in Q1 FY27. The full earnings effect depends on continued cash conversion and no material capital-allocation change. ## What is the Radico Khaitan shareholding pattern? Domestic institutions raised their stake in Radico Khaitan Ltd by 2.5 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 27.2% of the company. Foreign institutions moved +0.8 points over the same period, to 19.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +2.5 points over 8 quarters, to 27.2%; Foreign institutions: +0.8 points over 8 quarters, to 19.4%; Promoters: −0.1 points over 8 quarters, to 40.2%. Why the owners changed: domestic institutions drove it (+2.5 points), together with foreign institutions (+0.8 points). They raised their stake step by step. ## How far is Radico Khaitan from balance-sheet trouble? For Radico Khaitan Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Radico Khaitan rank in its industry? 71.5 out of 100, rank 1 of 16 in Alcoholic Beverages, with 100% of the evidence available. Radico Khaitan Ltd scores 71.5 out of 100 against the 16 companies it is compared with in Alcoholic Beverages, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 30.5 + 22.1 + 7 + 11.9 = 71.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Radico Khaitan compared with? Radico Khaitan ranks 1 of 16 Alcoholic Beverages companies on the 4-Factor Sector Score, with 71.5 out of 100. 1. Radico Khaitan Ltd this page RADICO · losing its lead · Most evidence points up · 100% evidence 71.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.5/35 · Revenue 15.8% · Profit 73.8% · Operating margin change 4 points · 100% evidence Capital efficiency 22.1/25 · ROCE 24.2% · Operating margin 20% · 100% evidence Valuation 7.0/20 · P/E 68.2× · PEG 1.91 · 100% evidence Relative strength 11.9/20 · Lead over its industry 21.6% · Lead over NIFTY 500 20.6% · 1 year 30.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 30.5 + 22.1 + 7 + 11.9 = 71.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [India Glycols Ltd](https://www.sectoralpha.in/stocks/india-glycols-ltd) INDIAGLYCO · breaking out · Most evidence points up · 96% evidence 70.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 12% · Profit 29.9% · Operating margin change 1 points · 88% evidence Capital efficiency 15.2/25 · ROCE 12.4% · Operating margin 15% · 100% evidence Valuation 13.3/20 · P/E 7× · PEG 0.17 · 100% evidence Relative strength 20.0/20 · Lead over its industry 53.7% · Lead over NIFTY 500 51.8% · 1 year 61.8% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.6 + 15.2 + 13.3 + 20 = 70.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [IFB Agro Industries Ltd](https://www.sectoralpha.in/stocks/ifb-agro-industries-ltd) IFBAGRO · quiet · Evidence leans up · 74% evidence 64.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.2/35 · Revenue 38.9% · Profit 90.3% · Operating margin change 1 points · 88% evidence Capital efficiency 13.2/25 · ROCE 12.7% · Operating margin 8% · 100% evidence Valuation 15.5/20 · P/E 12.8× · PEG 0.33 · 65% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -17.3% · 1 year -39% · 25% evidence · 0 of 12 weeks ahead Exact sum: 27.2 + 13.2 + 15.5 + 8.4 = 64.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [United Spirits Ltd](https://www.sectoralpha.in/stocks/united-spirits-ltd) UNITDSPR · quiet · Evidence leans up · 100% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 1.1% · Profit 12.9% · Operating margin change -1 points · 100% evidence Capital efficiency 22.6/25 · ROCE 26.4% · Operating margin 20% · 100% evidence Valuation 8.4/20 · P/E 53.5× · PEG 3.56 · 100% evidence Relative strength 9.6/20 · Lead over its industry 2.4% · Lead over NIFTY 500 1.8% · 1 year -6.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 16.7 + 22.6 + 8.4 + 9.6 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Piccadily Agro Industries Ltd](https://www.sectoralpha.in/stocks/piccadily-agro-industries-ltd) PICCADIL · quiet · Evidence leans up · 74% evidence 56.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue 28.5% · Profit 30.6% · Operating margin change -1 points · 88% evidence Capital efficiency 15.8/25 · ROCE 18% · Operating margin 17% · 100% evidence Valuation 11.6/20 · P/E 39.2× · PEG 1.38 · 65% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.8% · 1 year -17.9% · 25% evidence · 5 of 12 weeks ahead Exact sum: 19.4 + 15.8 + 11.6 + 9.8 = 56.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [G M Breweries Ltd](https://www.sectoralpha.in/stocks/g-m-breweries-ltd) GMBREW · quiet · Evidence leans up · 82% evidence 53.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 20.5% · Profit 21% · Operating margin change -2 points · 95% evidence Capital efficiency 18.4/25 · ROCE 18% · Operating margin 23% · 76% evidence Valuation 12.6/20 · P/E 10.4× · PEG n/a · 50% evidence Relative strength 3.3/20 · Lead over its industry -14.5% · Lead over NIFTY 500 -15.2% · 1 year -35.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.1 + 18.4 + 12.6 + 3.3 = 53.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Associated Alcohols & Breweries Ltd](https://www.sectoralpha.in/stocks/associated-alcohols-breweries-ltd) ASALCBR · basing · Evidence leans down · 81% evidence 48.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.8/35 · Revenue -5.3% · Profit -4.6% · Operating margin change -3 points · 88% evidence Capital efficiency 15.9/25 · ROCE 18% · Operating margin 11% · 100% evidence Valuation 17.4/20 · P/E 13.1× · PEG 0.96 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -30.3% · 1 year -55.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 7.8 + 15.9 + 17.4 + 7.5 = 48.6 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Globus Spirits Ltd](https://www.sectoralpha.in/stocks/globus-spirits-ltd) GLOBUSSPR · quiet · Evidence leans down · 83% evidence 47.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 10.8% · Profit 100% · Operating margin change -1 points · 100% evidence Capital efficiency 11.6/25 · ROCE 11.2% · Operating margin 8% · 100% evidence Valuation 10.6/20 · P/E 23× · PEG n/a · 15% evidence Relative strength 1.1/20 · Lead over its industry -22% · Lead over NIFTY 500 -22.5% · 1 year -41.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.6 + 11.6 + 10.6 + 1.1 = 47.9 · What this means: Earnings are strong; relative strength in its sector is -22% and the one-year return is -41.3%. 9. [Allied Blenders & Distillers Ltd](https://www.sectoralpha.in/stocks/allied-blenders-distillers-ltd) ABDL · breaking out · Evidence leans down · 93% evidence 47.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.5/35 · Revenue 8.6% · Profit -15.3% · Operating margin change -1 points · 100% evidence Capital efficiency 14.9/25 · ROCE 18.4% · Operating margin 12% · 100% evidence Valuation 4.3/20 · P/E 84.8× · PEG 4.13 · 65% evidence Relative strength 18.1/20 · Lead over its industry 26.7% · Lead over NIFTY 500 25.6% · 1 year 5.5% · 100% evidence · 8 of 12 weeks ahead Exact sum: 10.5 + 14.9 + 4.3 + 18.1 = 47.8 · What this means: Relative strength against the index is 25.6%, and revenue and profit growth are weak. 10. [United Breweries Ltd](https://www.sectoralpha.in/stocks/united-breweries-ltd) UBL · quiet · Evidence leans down · 83% evidence 47.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 7.4% · Profit 31.9% · Operating margin change 4 points · 100% evidence Capital efficiency 10.9/25 · ROCE 10.7% · Operating margin 10% · 100% evidence Valuation 9.0/20 · P/E 71.8× · PEG n/a · 15% evidence Relative strength 5.3/20 · Lead over its industry -14.2% · Lead over NIFTY 500 -14.6% · 1 year -34.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.4 + 10.9 + 9 + 5.3 = 47.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Tilaknagar Industries Ltd](https://www.sectoralpha.in/stocks/tilaknagar-industries-ltd) TI · breaking out · Evidence leans down · 90% evidence 44.3 out of 100 Growth Capital Valuation Relative
12. [Asgard Alcobev Ltd](https://www.sectoralpha.in/stocks/asgard-alcobev-ltd) quiet · Evidence leans down · 61% evidence 41.6 out of 100 Growth Capital Valuation Relative
13. [Fratelli Vineyards Ltd](https://www.sectoralpha.in/stocks/fratelli-vineyards-ltd) Too little evidence to rank firmly · 50% evidence 39.9 out of 100 Growth Capital Valuation Relative
14. [Sula Vineyards Ltd](https://www.sectoralpha.in/stocks/sula-vineyards-ltd) SULA · quiet · Most evidence points down · 81% evidence 30.6 out of 100 Growth Capital Valuation Relative
15. [Som Distilleries & Breweries Ltd](https://www.sectoralpha.in/stocks/som-distilleries-breweries-ltd) SDBL · breaking out · Most evidence points down · 68% evidence 30.4 out of 100 Growth Capital Valuation Relative
16. [Jagatjit Industries Ltd](https://www.sectoralpha.in/stocks/jagatjit-industries-ltd) JAGAJITIND · losing its lead · Too little evidence to rank firmly · 49% evidence 45.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Alcoholic Beverages](https://www.sectoralpha.in/sectors/alcoholic-beverages), all 16 compared on one page. ## Which companies are close to Radico Khaitan in size? Radico Khaitan is the 2nd largest of 16 Alcoholic Beverages companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: United Spirits. Just below it: United Breweries, Allied Blenders & Distillers, Tilaknagar Industries, Piccadily Agro Industries and India Glycols. ### Alcoholic Beverages companies close in size

1. [United Spirits Ltd](https://www.sectoralpha.in/stocks/united-spirits-ltd) ₹97,007 crore
2. Radico Khaitan Ltd ₹54,757 crore
3. [United Breweries Ltd](https://www.sectoralpha.in/stocks/united-breweries-ltd) ₹31,208 crore
4. [Allied Blenders & Distillers Ltd](https://www.sectoralpha.in/stocks/allied-blenders-distillers-ltd) ₹19,531 crore
5. [Tilaknagar Industries Ltd](https://www.sectoralpha.in/stocks/tilaknagar-industries-ltd) ₹11,920 crore
6. [Piccadily Agro Industries Ltd](https://www.sectoralpha.in/stocks/piccadily-agro-industries-ltd) ₹5,504 crore
7. [India Glycols Ltd](https://www.sectoralpha.in/stocks/india-glycols-ltd) ₹2,223 crore

[All 16 Alcoholic Beverages companies, largest first](https://www.sectoralpha.in/sectors/alcoholic-beverages#all-companies)

### Companies close in size in other industries

1. [Jindal Stainless Ltd](https://www.sectoralpha.in/stocks/jindal-stainless-ltd) ₹55,566 crore · Stainless Steel
2. [Indian Overseas Bank](https://www.sectoralpha.in/stocks/indian-overseas-bank) ₹55,343 crore · Banks - PSU
3. Radico Khaitan Ltd ₹54,757 crore
4. [General Insurance Corporation of India](https://www.sectoralpha.in/stocks/general-insurance-corporation-of-india) ₹54,536 crore · Finance - Non Life Insurance
5. [RBL Bank Ltd](https://www.sectoralpha.in/stocks/rbl-bank-ltd) ₹54,504 crore · Banks - Private

## What else do people ask about Radico Khaitan? ### What is Radico Khaitan's share price today? Radico Khaitan Ltd's share price is ₹4,250.00, +35.7% over the past year. The whole company is worth ₹56,941 Cr on the market. In the last 52 weeks it traded between ₹2,623 to ₹4,650; today it is 80% of the way up from the low, 10.8% above its 200-day average (as of 3 November 2026). ### What were Radico Khaitan's latest quarterly results? Radico Khaitan Ltd reported revenue of ₹1,745 Cr and net profit of ₹232 Cr for the Sep 2026 quarter. Revenue rose 16.8% and profit rose 65.7% compared with a year earlier. Earnings per share were ₹17.34. The operating margin was 20.0%, 4.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Radico Khaitan's market cap? Radico Khaitan Ltd's market capitalisation is ₹56,941 Cr at a share price of ₹4,250.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Radico Khaitan performing? Radico Khaitan Ltd's share price has been rising for 26 weeks. In its latest quarter, revenue rose 16.8% and profit rose 65.7% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 2 weeks running (as of 3 November 2026). ### Will Radico Khaitan's share price go up? This page does not forecast Radico Khaitan Ltd's share price. What it shows instead: the share price is ₹4,250.00, and it has been rising for 26 weeks. Its P/E of 70.9× is higher than 63% of its own last 9 years (as of 3 November 2026). ### Who owns Radico Khaitan? Promoters own 40.2% of Radico Khaitan Ltd, foreign institutions 19.4%, domestic institutions 27.2% and the public 13.2% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 2.5 percentage points over 8 quarters (as of 3 November 2026). ### Does Radico Khaitan have too much debt? No, Radico Khaitan Ltd has little debt: its debt is 0.15× its equity, and its operating profit is 16 times its interest bill. FY26 borrowings were ₹498 Cr against equity of ₹3,316 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Radico Khaitan in its business cycle? Radico Khaitan Ltd's FY26 operating margin was 17.0%, against a 13-year range of 11.0% to 17.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 20.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Radico Khaitan story? The main question: yearly earnings per share moved +74.8% while the share price moved +35.7%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Radico Khaitan a stock worth studying right now? What the numbers show: Radico Khaitan Ltd's earnings have grown faster than its share price. Earnings per share grew +74.8% in a year while the price moved +35.7%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Radico Khaitan share price forecast for 2026? What management itself guided: P&A volume growth 30% in FY27, upgraded for second time. What is changing at Radico Khaitan, from the latest results and calls: prestige & above premiumisation, vodka category and magic moments and deleveraging. What would change the story: P&A volume growth slows materially and pricing or mix no longer offsets input-cost pressure. ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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