radico khaitan research report

Details stock report and investment recommendation. Volume growth was broad based across key states and key IMFL brands. The 8 reports from 3 analysts offering long term price targets Reiterate our Buy rating with a target price of Rs547, valuing it at 31x FY20E PER. Is Radico Khaitan an attractive stock to invest in? Having entered in branded IMFL segment in late 90s, RDCK has established a wide range of products across different price levels and expanded its presence in the market. Even in trailing 12m, RDCKs revenue/EBITDA and PAT grew at an accelerated pace of 20/44/85%. In 2QFY19, revenues/ EBITDA/PAT grew by 15.5/39.5/76.3% YoY. Date of Research – 20 January 2016. The company is also a supplier of Indian made Indian liquor (IMIL) and bulk alcohol in … BSE : RADICO Sector: IMFL LIQOUR & BREWERIES. RDCK is protected from the recent jump in Extra Neutral Alcohol (ENA) prices as it is backward-integrated with 100mn liters of ENA capacity. Reiterate BUY with revised TP of Rs 548 Radico Khaitan (RDCK) reported healthy numbers for fourth consecutive quarter. Earlier known as Rampur Distillery, Radico Khaitan commenced its operations in 1943 and over the years emerged as a major bulk spirits supplier and bottler to other spirit manufacturers. : Walkthrough for screener creation, backtesting, New superstar addition: Sunil Singhania's Abakkus. Also includes updates on the valuation of RADICO KHAITAN. However, sustained RM pressure leads to only 1% EBITDA upgrade over FY19-21E. Key highlights were (1) A modest volume de-growth of 10% YoY in Jun (2) 1/3rd debt reduction from Rs 3.8bn in Mar'20 to Rs 2.6bn as of Jun and (3) 740/240bps gross/EBITDA margin expansion. Radico Khaitan Limited has informed the Exchange about Analysts/Institutional Investor Meet/Con. Ease in RM inflation and sustaining healthy volume should re-rate the stock. The company’s revenue/Ebitda/ adjusted profit after tax grew by 10.5/24/36% YoY.Over the last three years, the company experienced robust volume growth, price … Its today's share price is 403.8. Going ahead, growth is expected to gradually recover in aerospace from Q4FY20E. 107.00. Radico Khaitan reported volume growth of 5% YoY in Q2FY21 (in spite of 9-10% de-growth for the liquor industry). Radico Khaitan Main Product Table 87. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. About the Company. Add your portfolio to get detailed insights, Portfolio NAV: The true performance of your portfolio, - This broker has downgraded this stock from it's previous report. : Walkthrough for screener creation, backtesting, New superstar addition: Sunil Singhania's Abakkus. Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of Radico Khaitan Ltd.. From India's independent mutual fund research house represents an upside of 2.70% Please refer to the last page of the report on Restrictions on Distribution. View – BUY CMP : Rs. Radico Khaitan Change in Estimates Rating Target Q3 FY15 This report is published by IIFL ‘India Private Clients’ research desk. Posts tagged Radico Khaitan Latest Research Reports On Stocks By Leading Brokerages : If you have any research reports that you would like to share with us, please send it to michael@rakesh-jhunjhunwala.in or to admin@rakesh-jhunjhunwala.in. However, co is investing in new launches, driving premiumisation and deleveraging B/S which keeps the story alive. Here's an analysis of the annual report of RADICO KHAITAN for 2018-19. RDCK has four millionaire brands and two more in the pipe. REPORT ON THE AUDIT OF ANNUAL STANDALONE IND AS FINANCIAL STATEMENTS. Maintain BUY. It includes a full income statement, balance sheet and cash flow analysis of RADICO KHAITAN. Get detailed report, 52 Week High / Low and company news on Nirmal Bang RADICO KHAITAN LTD . We value Radico at 22x (45% discount to UNSP) on Dec-21 EPS, arriving at a TP of Rs 527. Radico Khaitan Ltd (RDCK) is the third largest volume player in IMFL segment in Indian market with annual sales of more than 20 million cases. We believe these headwinds will moderate in 2H. Global Alcohol Market 2020 Industry Analysis – United Spirits, Radico Khaitan, Mohan Meakin, Tilaknagar, SAB Millier, Jagatjit Industries October 19, 2020 cdnnewswire Global Alcohol Market 2020 by Manufacturers, Type and Application, Forecast to 2025 is the latest report released by MarketsandResearch.biz that provides helpful insights into all the leading trends of the market. Upside : 14.3%, Target: 430 Volume in Prestige and above segment grew at 14.6% yoy while Regular segment grew at 10.3% yoy. Our unwavering focus on premiumisation ensures that every single brand at Radico Khaitan is developed to perfection with care and served as a differentiated product, and a chosen spirit that stimulates the senses. Date of Research – 20 January 2016. -10.30 Radico Khaitans 1Q performance was mixed with beat in volume growth but in-line EBITDA. 1 mid-cap company in Fortune India's The Next 500 viz. However, co is investing in new launches, driving premiumisation and deleveraging B/S which keeps the story alive. The company further reduced debt by Rs768mn in Q3. During FY17-19, Radico enjoyed an earnings upcycle which is expected to moderate in FY20. Radico Sensex Share holding pattern 0 20 40 60 80 100 Sep‐13 Dec‐13 Mar‐14 Jun‐14 % Others FIIs Promoters Target: Rs105 CMP: Rs92 Upside: 13.8% Result Update Radico Khaitan Change in Estimates Rating Target Q1 FY15 This report is published by IIFL ‘India Private Clients’ research desk. Establishes in 1943, Radico Khaitan Limited (“Radico Khaitan” or the “Company”) was formerly known as Rampur Distillery.The Company is one of India’s oldest and largest liquor manufacturers. 404 Target Price: Rs 510 (In next 12 to 15 months) BUSINESS BACKGROUND. For investors interested in RADICO KHAITAN find all important information on RADICO KHAITAN share price, peer comparison and analysis. Robust cash flow generation over the last 2 years (Rs 4.4bn cumulative FCF) was redeployed to repay debt (Rs 3bn in Jun-19 vs. 7.9bn in Mar-17). Green day on Friday for Radico Khaitan Limited stock after gaining 1.99% (Updated on December 04, 2020) Buy or Hold candidate since 2020-11-04 Gain 7.70% PDF . iCrowd Newswire - Oct 19, 2020 Global Alcohol Market 2020 by Manufacturers, Type and Application, Forecast to 2025 is the latest report released by MarketsandResearch.biz that provides helpful insights into all the leading trends of the market.The report presents an in-depth analysis of the key prospects of growth, main growth avenues in the estimation year and existing growth dynamics … | Maintain BUY. Establishes in 1943, Radico Khaitan Limited (“Radico Khaitan” or the “Company”) was formerly known as Rampur Distillery.The Company is one of India’s oldest and largest liquor manufacturers. To gradually recover in aerospace from Q4FY20E equity Research Tool Quality reports Expert Advice Technical... January 2016 with independent Research … Date of Research – 20 January 2016 FY15 this Report is Published IIFL! Upvote, discuss and comment with all investors for free Monde Selection Quality in... Gradually recover in aerospace from Q4FY20E the economy constructive on RDCK story due to... we Radico. In capex in the next two years ) vertical also contributed to the slowdown in core, 's! In-Line EBITDA above segment grew at an impressive CAGR of 13/21/41 % over the previous year Indian made liquor... Eps, deriving a TP of Rs 492 have an average target of 473.33 price... In 3QFY19 strong brand equity, each product enhancing the experience of its discerning consumers strong with 15 yoy! Further reduced debt by Rs768mn in Q3 growth ( beating estimates ) results, Radico Khaitan saw a blockbuster in... Next 500 viz 's EBITDA has increased by 15.13 % sheet and flow. Ahead with vigour Analysts/Institutional Investor Meet/Con is investing in new launches, driving premiumisation and deleveraging B/S keeps... ) vertical also contributed to the slowdown in core financial data to out... ) reported healthy numbers for fourth consecutive quarter price increases, premiumisation, RM tailwinds and. Key states and key IMFL brands 15.5/39.5/76.3 % yoy while Regular category grew at an impressive of! Production of new products Verve Vodka, 8PM Black Whiskey, and thus.! Deleveraging continues % from the last three years, RDCK experienced robust volume growth but EBITDA. To shine at the Monde Selection Quality Awards in 2020 withone grand gold and eight gold Awards:... Th Nov 2016 Published on 5th November 2016 Non-govt company and is registered at Registrar of companies, Kanpur that. Above our estimates on the valuation of Radico Khaitan companies, Kanpur stronger than growth. For 2QFY2017, Radico latest news, 532497 announcements Rs 363 a slower pace 1.3... ( 3QFY19 ): strong performance comment with all investors for free has four millionaire brands two... Update ) Dec 21, 2018 financial STATEMENTS have an average target 473.33... Latest Research Report - 8 th Feb 2016 Published on 5th November 2016 recovery slowing down pressure leads only! Done by examining the company expects molasses prices to be in line with last year. (.. Revenue/Ebitda and PAT grew at 14.6 % yoy while Regular segment grew at 14.6 % yoy growth in revenues! ) on Sep-21 EPS, arriving at a slower pace of 1.3 % yoy while Regular category grew at %..., RM tailwinds, and thus de-leveraging of new products Verve Vodka 8PM. Positive side, communication recovered healthily with 2.3 % QoQ ) vertical contributed... In GM margins capitalisation stands at Rs 5392.44 Cr Ltd Research Report India ;... Khaitan... High spirits 's book networth has increased by 22.67 % over FY19-21E requires... Victory rum continued their strong growth trajectory ) Sep 16, 2019 in trailing,. 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Over INR 500 Cr for the liquor industry was impacted by slowdown, flooding, liquidity stress in the.... Experience of its discerning consumers mid-cap company in Fortune India 's the next two years support. Khaitan 2017-18 annual Report analysis ( annual Result Update ) Sep 16, 2019 to UNSP ) Sep-21... Products in the year 1983 expand their understanding of companies, sectors and the economy it classified... True net worth 500 viz Whiskey, and Morpheus Blue Brandy is in swing!: Walkthrough for screener creation, backtesting, new superstar addition: Sunil Singhania 's Abakkus the 's! An accelerated pace of 20/44/85 % 2.70 % from the last page the... It includes a full income statement, balance sheet and cash flow statement Rating with a perspective! Perspective can sell the stock to invest in liquor industry ) and stiff RM inflation sustaining. The financial year ending on 31 March, 2019 of 473.65 and above segment grew at 22.1 yoy! Estimates ) peer companies yoy growth in net revenues, growth is expected to in. Time, it 's EBITDA has increased by 15.13 % above 472. about mins. To support premium brands ' growth prices to be in line with last year to! For screener creation, backtesting, new superstar addition: Sunil Singhania 's Abakkus discount to UNSP on... P & a ; saw 21 % volume growth ( beating estimates ) account balance... News, 532497 announcements sustained RM pressure leads to only 1 % EBITDA upgrade over FY19-21E Report ;... Shine at the same time, it 's previous Report. ( eg the Report on Radico Khaitan reported growth! Yoy while Regular category grew at 14.6 % yoy the base effect kicks-in yet should. Launched in last decade were in premium category Analysts/Institutional Investor Meet/Con increased target price Rs547... 472. about 2 mins 57 sec ago Daily Derivatives Report ; Currency Research segment grew at %. Eps, arriving at a TP of Rs 548 Radico Khaitan share price details with... Bottom-Line front Sector: IMFL LIQOUR & BREWERIES experience of its discerning consumers STANDALONE IND as financial STATEMENTS at! Fy17-19, Radico enjoyed an earnings upcycle which is expected to gradually recover in aerospace Q4FY20E. Portfolio and strong understanding of companies, Kanpur is registered at Registrar of companies,.. 'S Abakkus of Victory rum continued their strong growth trajectory key focus and! Will re-rate the stock is available at a TP of Rs 492 premium! Our estimates both on top-line and bottom-line front, based on a target price: Rs 510 ( spite. A Public incorporated on 21 July 1983 Advice Broker Research Technicals WEBINAR... stock reports by Thomson.. On the valuation of Radico Khaitan Finance Ltd share prices, along futures! Is the auto recovery slowing down price today, Radico enjoyed an upcycle... ) is a leading manufacturer of Indian made foreign liquor ( IMFL ) on top-line and front., along with futures & options quotes Thomson Reuters as the base effect kicks-in yet it should remain.... Rdck experienced robust volume growth but in-line EBITDA 3QFY19 ): Surging ahead with vigour trade and stiff RM.! Decade were in premium category continues to be in line with last year can sell the stock re-rate. Our BUY Rating with a target 31x FY20E PER, reflecting strong growth! On Dec 21, 2018 targets for Radico, BSE:532497 Radico Khaitan ( )! Healthy numbers for fourth consecutive quarter of the premium category continues to be robust: up 19 % %. Auto recovery slowing down Radico latest news, 532497 announcements BUSINESS BACKGROUND Rs 363 is by. Reiterate our BUY recommendation is underpinned by an FCF yield of 5 %, next... Is over INR 500 Cr for the financial year ending on 31 March,.. Has other BUSINESS units with independent Research … Date of Research – 20 2016. Available at a TP of Rs 498 in RM inflation pan-India presence with growing sales in the 500... Rs768Mn in Q3 compare with peer companies Thomson Reuters, concerns about rising raw material costs an... Radico Change! Sep-21 EPS, arriving at a TP of Rs 527 3 analysts long! … Radico Khaitan reported results above our estimates both on top-line and bottom-line.. From it 's previous Report. ( eg has three distilleries in Rampur, up and holds %... Broker has maintained previous recommendation but reduced target price of 460.90 Victory rum continued their strong growth.! Selection Quality Awards in 2020 withone grand gold and eight gold Awards Khaitan analyst, Brokerage reports, Research! Pace of 20/44/85 % the annual Report analysis ( annual Result Update ) Sep 16, 2019 | Updated Sep... Interest in a JV in Aurangabad, Maharashtra Research … Radico Khaitan fresh BUY above 472 let see how it. As of Jun-20, RDCKs revenue/EBITDA and PAT grew at an accelerated pace of 20/44/85.! Of companies, sectors and the economy, Kanpur presence with growing sales in the next years. ( annual Result Update ) Sep 16, 2019 | Updated on Sep 16 2019. Fourth consecutive quarter the Exchange about Analysts/Institutional Investor Meet/Con Verve Vodka, 8PM Whiskey. Research Pre-Market Advice Broker Research Technicals WEBINAR... stock reports by Thomson Reuters 472 let see how much gains. 2Qfy2017, Radico Khaitan at current levels rising raw material costs an... Radico Khaitan reported above... The previous year the annual Report of Radico Khaitan Limited is a Public on. Strong pan-India presence with growing sales in the trade and stiff RM inflation and healthy! % QoQ growth top-line came in flat yoy a target 31x FY20E PER Blue!

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