Stock Performance and Market Position
On 18 June 2026, Radico Khaitan’s stock price surged by 3.16% to touch an intraday high of Rs. 3,663.55, outperforming the broader sector by 1.32%. The stock is trading just 0.30% below its 52-week high of Rs. 3,695, signalling a robust upward momentum. This performance is particularly notable against the Sensex, which declined marginally by 0.10% on the same day.
Over various time horizons, Radico Khaitan has demonstrated remarkable resilience and growth. The stock’s one-year return stands at 38.64%, significantly outpacing the Sensex’s negative 5.36% return. Year-to-date, the stock has gained 11.76%, while the Sensex has fallen by 9.55%. The three-year and five-year returns are even more impressive at 207.18% and 367.28%, respectively, dwarfing the Sensex’s corresponding returns of 21.61% and 47.25%. Over a decade, Radico Khaitan’s stock has appreciated by an extraordinary 4,060.14%, compared to the Sensex’s 189.49%.
Technical Indicators and Trend Analysis
The technical outlook for Radico Khaitan remains bullish. The stock is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, reinforcing the strength of the current uptrend. The overall technical trend shifted to bullish on 16 June 2026 at a price of Rs. 3,579.15, following a period of mild bullishness.
Key technical indicators such as MACD and Bollinger Bands signal bullish momentum on both weekly and monthly charts. The stock’s immediate support level is at Rs. 2,504, the 52-week low, while resistance levels are observed at Rs. 3,520 (20-day moving average area) and Rs. 3,695 (52-week high). Delivery volumes have also increased, with a 1-month delivery change of 55.69% and a 1-day delivery change of 11.53% compared to the 5-day average, indicating strong investor participation.
Financial Strength and Growth Metrics
Radico Khaitan’s financial performance underpins its stock’s upward trajectory. The company reported net sales of Rs. 4,544.39 crores for the nine months ending March 2026, reflecting a growth rate of 22.34%. Net profit growth over the same period was 12.93%, contributing to a series of positive quarterly results spanning seven consecutive quarters.
Operating profit to interest ratio reached a peak of 18.47 times, highlighting the company’s strong ability to service its debt. The return on capital employed (ROCE) for the half-year period was an impressive 23.22%, the highest recorded, while the return on capital employed on an average basis stands at 15.15%, indicating efficient capital utilisation. The company’s debt-equity ratio remains low at 0.15 times, reflecting a conservative capital structure and low leverage.
Valuation and Quality Assessment
Despite the strong performance, Radico Khaitan’s valuation metrics indicate a premium positioning. The price-to-earnings (P/E) ratio stands at 77 times, with a price-to-book value (P/BV) of 14.38 times. Enterprise value to EBITDA is 47.09 times, and EV to capital employed is 12.91 times, suggesting a relatively expensive valuation. However, the PEG ratio of 0.97 indicates that the stock’s price growth is broadly in line with its earnings growth, which has risen by 79.5% over the past year.
The dividend yield remains modest at 0.11%, with a dividend payout ratio of 15.49% and the latest dividend declared at Rs. 4 per share. The ex-dividend date is scheduled for 24 July 2025.
Institutional Confidence and Shareholding
Institutional investors hold a significant stake of 44.98% in Radico Khaitan, reflecting strong confidence from entities with substantial analytical resources. This institutional holding has increased by 1.13% over the previous quarter, underscoring sustained interest from professional investors.
Long-Term Quality and Growth
Radico Khaitan is classified as a mid-cap company with a Mojo Score of 77.0 and a current Mojo Grade of Buy, upgraded from Hold on 8 May 2026. The company’s quality assessment rates it as a good quality company based on long-term financial performance, with excellent capital structure and good management risk and growth metrics.
Over the past five years, the company has achieved a compound annual growth rate (CAGR) in sales of 20.19% and EBIT growth of 19.59%. The average EBIT to interest coverage ratio is 13.23 times, and the average debt to EBITDA ratio is a low 1.18, indicating prudent financial management. The company maintains a tax ratio of 24.93% and has no promoter share pledging, further strengthening its financial integrity.
Summary of Key Financial Highlights (March 2026)
• Operating profit to interest ratio: 18.47 times (highest recorded)
• Net sales (9 months): Rs. 4,544.39 crores, growth of 22.34%
• ROCE (half-year): 23.22% (highest recorded)
• Quarterly PBDIT: Rs. 284.49 crores (highest recorded)
• Operating profit to net sales ratio (quarterly): 18.92% (highest recorded)
• Quarterly PBT less other income: Rs. 231.21 crores (highest recorded)
• Quarterly PAT: Rs. 179.46 crores (highest recorded)
• Debt-equity ratio (half-year): 0.15 times (lowest recorded)
• Debtors turnover ratio (half-year): 17.63 times (highest recorded)
• Quarterly EPS: Rs. 13.40 (highest recorded)
Conclusion
Radico Khaitan Ltd.’s stock reaching an all-time high on 18 June 2026 marks a significant milestone in its market journey. The company’s consistent financial growth, strong operational metrics, and robust technical indicators have collectively contributed to this achievement. While the stock commands a premium valuation, its sustained earnings growth and solid balance sheet underpin its market standing. Institutional confidence remains high, reflecting the company’s strong fundamentals and quality credentials within the beverages sector.
