Dashboard/RADICO

RADICO

OVERVALUED

Radico Khaitan

FMCG · NSE

↓ 858.5% vs fair value

52W Low

₹2,200

+21.6% from low

52W High

₹3,592

-25.5% from high

News sentiment (2 articles)

1 bull0 neutral1 bear

Valuation Gauge

OVERVALUED-858.5% Margin of Safety

OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹2,675

Fair Value

₹279

Fair Value Analysis

₹279

Based on free cash flow projections and balance sheet strength analysis and earnings growth potential for FMCG sector companies | Sector-expensive: P/E at 95th percentile vs sector peers. | ROCE improving (latest 19.2%) — capital allocation becoming more efficient.

High confidence

Cash Flow Analysis

50% weight

₹227

Balance Sheet Value

30% weight

₹340

Growth Valuation

20% weight

₹319

Price vs Market

RADICO

Nifty 50

Shareholding Pattern

Stock Health Score

Solid Fundamentals

5.7 / 10

Profitability

6/10

ROE of 10.4% is below the FMCG sector benchmark of 25%

Debt & Leverage

10/10

D/E ratio of 0.2x is well within the FMCG sector norm of 0.8x — strong balance sheet

Valuation vs Peers

1/10

P/E of 113.3x is 3.2x the FMCG sector median of 35x — expensive

Cash Flow

4/10

FCF margin of 3.8% — thin cash generation, watch capex trends

Earnings Growth

8/10

5yr EPS CAGR of 9.5% is in line with the FMCG sector average of 6.9%

Dividend

4/10

Dividend yield of 0.2% is symbolic — low but positive

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

0.6%

Free cash flow / market cap

Revenue Growth (YoY)

-8.7%

Year-on-year revenue change

Profit Growth (YoY)

-25.6%

Year-on-year PAT change

Operating Cash Flow

₹363 Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹23.1

P/E Ratio

113.4x

P/B Ratio

11.8x

ROE

10.4%

ROCE

17.4%

Debt / Equity

0.21x

Beta

0.24

Div Yield

0.1%

FCF (Cr)

₹182 Cr

Revenue (Cr)

₹4,810 Cr

EPS Growth 5Y

9.5%

Mkt Cap (Cr)

₹35,148 Cr

52W High

₹3,591.9

52W Low

₹2,200

Book Value/Share

₹222.3

Financial History

Period	Revenue	Op Profit	OPM%	PAT	EPS
TTM	₹5.9K Cr	₹914 Cr	16.0%	₹517 Cr	₹38.62
2025-03-31	₹4.8K Cr	₹674 Cr	14.0%	₹346 Cr	₹25.83
2024-03-31	₹4.1K Cr	₹507 Cr	12.0%	₹262 Cr	₹19.61
2023-03-31	₹3.1K Cr	₹359 Cr	11.0%	₹220 Cr	₹16.48
2022-03-31	₹2.9K Cr	₹402 Cr	14.0%	₹263 Cr	₹19.69
2021-03-31	₹2.4K Cr	₹409 Cr	17.0%	₹277 Cr	₹20.75
2020-03-31	₹2.4K Cr	₹372 Cr	16.0%	₹229 Cr	₹17.16
2019-03-31	₹2.1K Cr	₹351 Cr	17.0%	₹194 Cr	₹14.55
2018-03-31	₹1.8K Cr	₹270 Cr	15.0%	₹124 Cr	₹9.30
2017-03-31	₹1.7K Cr	₹214 Cr	13.0%	₹80 Cr	₹6.03
2016-03-31	₹1.6K Cr	₹191 Cr	12.0%	₹78 Cr	₹5.87
2007-03-31	₹580 Cr	₹81 Cr	14.0%	₹45 Cr	₹0.94
2006-03-31	₹466 Cr	₹79 Cr	17.0%	₹45 Cr	₹0.93

Compounded Growth Rates

Sales Growth

3Y+23.1%

5Y+19.8%

10Y+13.5%

Profit Growth

3Y+33.0%

5Y+13.3%

10Y+20.8%

EPS Growth

3Y+32.8%

5Y+13.2%

10Y+20.7%

Peer Comparison

FMCG

Stock	Price	Fair Value	MoS%	P/E	ROE	Signal
UGARSUGAR The Ugar Sugar Works Limited	₹39.6	₹175.7	+77.5%	23.5	40.1%	UNDERVALUED
KMSUGAR K.M.Sugar Mills Limited	₹26.8	₹97.8	+72.7%	4.3	15.2%	UNDERVALUED
RANASUG Rana Sugars Limited	₹12.4	₹42.9	+71.1%	6.6	4.8%	FAIRLY_VALUED
LIBAS Libas Consumer Products Limited	₹10.2	₹32.1	+68.3%	2.9	1.9%	FAIRLY_VALUED
MAWANASUG Mawana Sugars Limited	₹100.1	₹312.8	+68.0%	10.1	17.6%	FAIRLY_VALUED
PRUDMOULI Prudential Sugar Corporation Limited	₹13	₹19	+31.4%	7.1	2.4%	UNDERVALUED
BECTORFOOD Mrs. Bectors Food Specialities Limited	₹187.6	₹270.6	+30.7%	41.5	10.0%	UNDERVALUED
UTTAMSUGAR Uttam Sugar Mills Limited	₹257.6	₹330.8	+22.1%	8.5	13.9%	UNDERVALUED