Record-Breaking Price Movement
On 23 June 2026, Radico Khaitan’s share price surged to Rs.3,817.35, marking a new peak in its trading history. This price represents a near 0.5% increase on the day, outperforming the broader Sensex index, which recorded a marginal decline of 0.01%. The stock has demonstrated strong momentum, gaining 6.41% over the past four consecutive trading sessions, and outperforming its sector by 0.34% on the day of the record high.
Intraday volatility was notably high at 93.19%, reflecting active trading and investor engagement. The stock is currently trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, underscoring a sustained bullish trend.
Comparative Performance Against Benchmarks
Radico Khaitan’s performance over various time horizons has been impressive relative to the Sensex benchmark. Over the last one year, the stock delivered returns of 42.93%, while the Sensex declined by 5.88%. Year-to-date, the stock has gained 15.15%, contrasting with the Sensex’s negative 9.55% return. The stock’s three-year and five-year returns stand at 217.68% and 372.82%, respectively, vastly outpacing the Sensex’s 22.39% and 47.37% returns over the same periods.
Over a decade, Radico Khaitan’s stock price has appreciated by an extraordinary 4,010.02%, compared to the Sensex’s 185.47%, highlighting the company’s long-term value creation for shareholders.
Financial Strength and Operational Efficiency
The company’s financial metrics underpin its market performance. Radico Khaitan boasts a high return on capital employed (ROCE) of 15.45%, reflecting efficient utilisation of capital resources. The company’s ability to service debt is strong, with a low Debt to EBITDA ratio of 0.49 times, indicating prudent leverage management.
Net sales have exhibited healthy growth, increasing at an annual rate of 20.19%, while net profit has grown by 12.93%. The company reported very positive results in March 2026, marking the seventh consecutive quarter of positive earnings. Operating profit to interest coverage reached a peak of 18.47 times, signalling robust earnings relative to interest obligations.
For the nine months ended March 2026, net sales stood at Rs.4,544.39 crores, growing 22.34% year-on-year. The half-yearly ROCE also reached a high of 23.22%, further emphasising operational strength.
Institutional Confidence and Shareholding
Institutional investors hold a significant stake in Radico Khaitan, accounting for 44.98% of shareholding. This level of institutional participation is indicative of confidence in the company’s fundamentals and governance. Notably, institutional holdings increased by 1.13% over the previous quarter, reflecting growing interest from well-resourced investors.
Valuation and Market Metrics
As of 23 June 2026, Radico Khaitan’s valuation multiples reflect its premium positioning in the market. The price-to-earnings (P/E) ratio stands at 82 times trailing twelve months (TTM), while the price-to-book value (P/BV) ratio is 15.17 times. Enterprise value to EBITDA and EBIT ratios are 49.64 times and 58.39 times, respectively, with an EV to capital employed ratio of 13.61 times.
The company’s PEG ratio is 1.03, indicating that the stock’s price growth is broadly in line with earnings growth. 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.
Technical Analysis and Market Trends
The overall technical trend for Radico Khaitan is bullish, with the trend having shifted to this stance on 16 June 2026 at a price level of Rs.3,579.15. Key technical indicators such as MACD, Bollinger Bands, moving averages, Dow Theory, and KST mostly signal positive momentum on weekly and monthly timeframes.
Immediate support is identified at Rs.2,504.00, the 52-week low, while resistance levels include Rs.3,547.14 (20-day moving average) and the all-time high of Rs.3,817.35. Delivery volumes have increased significantly, with a 41.58% rise over the past month and a 38.86% increase in one-day delivery volume compared to the five-day average, indicating strong market participation.
Quality Assessment and Financial Health
Radico Khaitan is classified as a good quality company based on long-term financial performance. Management risk is rated good, growth is good, and capital structure is excellent. The company maintains low leverage, with an average debt to EBITDA ratio of 1.18 and net debt to equity of 0.12, alongside a tax ratio of 24.93%.
Sales and EBIT have grown at compound annual growth rates of 20.19% and 19.59%, respectively, over five years. The company has no promoter share pledging, which supports governance transparency. Institutional holdings remain high, and the company’s average ROCE is a healthy 15.15%, although average ROE is comparatively weaker at 12.96%.
Recent Financial Trends
Short-term financial trends remain positive as of March 2026. Operating profit to interest coverage reached a record 18.47 times, while quarterly profit before tax less other income hit a high of Rs.231.21 crores. Quarterly PAT stood at Rs.179.46 crores, growing 35.6% compared to the previous four-quarter average. Earnings per share for the quarter reached Rs.13.40, the highest recorded.
Net sales for the nine months ending March 2026 were Rs.4,544.39 crores, growing 22.34% year-on-year. The company’s debt-equity ratio was at a low 0.15 times, and debtor turnover ratio was strong at 17.63 times, reflecting efficient working capital management.
Summary
Radico Khaitan Ltd.’s stock reaching an all-time high of Rs.3,817.35 on 23 June 2026 marks a significant milestone in the company’s market journey. Supported by strong financial metrics, consistent growth, and robust institutional backing, the stock has outperformed key benchmarks over multiple timeframes. The company’s operational efficiency, prudent capital management, and positive quarterly results have underpinned this achievement, positioning Radico Khaitan as a notable mid-cap player in the beverages sector.
