Revenues from core services fell marginally by 0.2% to US$155.2 million while DLM revenues dipped 36.8% QoQ to US$15.1 million. RDCK is protected from the recent jump in Extra Neutral Alcohol (ENA) prices as it is backward-integrated with 100mn liters of ENA capacity. Type of Report: Initiating Coverage: Recommendation: Buy: Upside Potential: 21%: Summary: Branded liquor play available at compelling valuation. research report 20th aug 2018 radico khaitan ltd bse : radico sector: imfl liqour & breweries bse: 532497 view - buy cmp : rs. Taking into account... During FY17-19, Radico enjoyed an earnings upcycle which is expected to moderate in FY20. We value Radico at 22x (45% discount to UNSP) on Sep-21 EPS, arriving at a TP of Rs 498. Date of Research – 20 January 2016. For FY20, IMFL volume growth was ~12.5% whereas prestige and above segment grew 15.2% YoY to 7.05 million cases while regular and other segment volumes grew 11.4%. Cognac & Brandy Market Share and Growth by 2026 |Radico Khaitan, Campari Group, Rémy Cointreau LOS ANGELES, United States: The global Cognac & Brandy market is analyzed in quite some detail in the report with strong focus on the competitive landscape, segmentation, market dynamics, and regional market expansion. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. Call Updates Radico Khaitan Limited has informed the Exchange about Analysts/Institutional Investor Meet/Con. RKL's new brands 8PM Black Whiskey and 1965 Spirit of Victory rum continued their strong growth trajectory. It owns 5 bottling units and... EBITDA margins in the quarter improved by 259 bps yoy to 17.7% led by premiumization, better realization due to price hike in certain states on yoy and lower raw material cost. : Walkthrough for screener creation, backtesting, New superstar addition: Sunil Singhania's Abakkus. 267,068,528. RDCK will incur Rs700mn in capex in the next two years to support premium brands' growth. Weakness within core services was mainly due to drag in its largest vertical aerospace & defence (decline 5.1% QoQ) on account of a dip in spend in engineering design. Going ahead, growth is expected to gradually recover in aerospace from Q4FY20E. Equity Research Tool Quality Reports Expert Advice 404 Target Price: Rs 510 (In next 12 to 15 months) BUSINESS BACKGROUND. We believe these headwinds will moderate in 2H. We have audited the accompanying annual Standalone Ind AS Financial Statements of RadicoKhaitan Limited ("the Company") which comprise the Balance Sheet as atMarch 312019 the Statement of Profit and Loss (including Other Comprehensive Income) forthe year … Radico Khaitan saw a blockbuster performance in 3Q with P&A; saw 21% volume growth (beating estimates). Radico Khaitan Ltd (RKL) is a leading manufacturer of Indian made foreign liquor (IMFL). Upside : 19.3%, Target: 507 RESEARCH Pre-Market Advice Broker Research Technicals WEBINAR ... STOCK REPORTS BY THOMSON REUTERS. : PFIZER, ICICIBANK, News by Trendlyne Here's an analysis of the annual report of RADICO KHAITAN for 2018-19. We believe that the broader mid-cap sell-off, concerns about rising raw material costs an... Radico Khaitan (3QFY19): Strong performance. The report titled "India Brandy Market Overview, 2018-2023" provides deep analysis of the Indian Brandy market with size in terms of both value and volume of overall brandy market, regular brandy market, premium & super premium brandy market and also provides market share of different segments. 107.00. -10.30 Target met, Target: 527 RDCK has three distilleries in Rampur, UP and holds 36% interest in a JV in Aurangabad, Maharashtra. Maintain BUY, Radico Khaitan (3QFY20): Surging ahead with vigour. 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. Robust cash flow generation over the last 2 years (Rs 4.4bn cumulative FCF) was redeployed to repay debt (Rs 3.5bn in Sep-19 as compared to 7.9bn in Mar-17). Target met, Nifty50 companies average YoY revenue changed by -6.72%, Trending news Your email address will not be published. 940,000,000 and its paid up capital is Rs. Details stock report and investment recommendation. The company further reduced debt by Rs768mn in Q3. Our Buy recommendation is underpinned by an FCF yield of 5%,... next six months. Subscribe. 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 We expect the growth rate to taper from 3QFY19 as the base effect kicks-in yet it should remain healthy. Radico Khaitan (RDCK) delivered healthy performance in 3QFY19. The company expects molasses prices to be in line with last year. 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. Radico Khaitan Ltd Live BSE Share Price today, Radico latest news, 532497 announcements. We value Radico at 26x (35% discount to UNSP) on Mar-21 EPS, arriving at a TP of Rs 492. Radico Khaitan Limited is a Public incorporated on 21 July 1983. We value Radico at 22x (45% discount to UNSP) on Dec-21 EPS, arriving at a TP of Rs 527. -10.30 Net debt declined from Rs 9.5bn in FY16, to Rs 2.6bn as of Jun-20. Global Alcohol Market 2020 by Manufacturers, Type and Application, Forecast to 2025 is the latest report released by MarketsandResearch.bizthat 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 over the assessment period from … 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. Radico Khaitan Share/Stock Analysis - Latest fundamental analysis information of Profit & Loss Statement, Balance Sheet with Ratios (ROCE, ROE and ROA), Shareholding Pattern, Cash Flow Statement, Valuations and Recommendations. On the positive side, communication recovered healthily with 2.3% QoQ growth. We expect deleveraging to sustain, making the co debt free by FY22. RADICO KHAITAN 2018-19 Annual Report Analysis (Annual Result Update) Sep 16, 2019 | Updated on Sep 16, 2019. On profitability front, gross margin expanded owing to combination of factors like better price realisation and favourable state and product mix and price increase in key southern state of Telangana. View – BUY CMP : Rs. Ease in RM inflation and sustaining healthy volume should re-rate the stock. Radico Khaitan Share/Stock Analysis - Latest fundamental analysis information of Profit & Loss Statement, Balance Sheet with Ratios (ROCE, ROE and ROA), Shareholding Pattern, Cash Flow Statement, Valuations and Recommendations. Radico Khaitan has been more innovative than peers, and the stronger innovation pace and success in new launches have accelerated growth and diversified the company’s P&A franchise, analysts said. Even in trailing 12m, RDCKs revenue/EBITDA and PAT grew at an accelerated pace of 20/44/85%. It includes a full income statement, balance sheet and cash flow analysis of RADICO KHAITAN. The company is seeing a good recovery as June sales were only down ~10% YoY and the company expects to reach normal revenue trajectory in H2FY21. During FY17-19, Radico enjoyed an earnings upcycle which is expected to moderate in FY20. 404 Target Price: Rs 510 (In next 12 to 15 months) BUSINESS BACKGROUND. - This broker has upgraded this stock from it's previous report.(eg. Get detailed report, 52 Week High / Low and company news on Nirmal Bang It includes a full income statement, balance sheet and cash flow analysis of RADICO KHAITAN. Volume in Prestige and above segment grew at 14.6% yoy while Regular segment grew at 10.3% yoy. Radico Khaitan has consistently improved its ranking in this listfrom 60th in 2015 to 28th in 2019 and jumped 27 places to first rank in 2020. Over the last three years, RDCK experienced robust volume growth, price increases, premiumisation, RM tailwinds, and thus de-leveraging. We believe that the broader mid-cap sell-off, concerns about rising raw material costs and fears about liquor ban in Andhra have overshadowed positive developments such as market share gains backed by product launches and continued debt reduction. The consensus estimate | View – BUY CMP : Rs. Radico Khaitan Live NSE/BSE Share Price: Get Radico Khaitan Stock Price details, News, Financial Results, Stock Charts, Returns, Research Reports and more Radico Khaitan (NSE: RADICO, BSE: 532497) is among the oldest and the largest manufacturers of Indian Made Foreign Liquor (“IMFL”) in India. Radico Khaitan Limited Share Price Today, Live NSE Stock Price: Get the latest Radico Khaitan Limited news, company updates, quotes, offers, annual financial reports, graph, volumes, 52 week high low, buy sell tips, balance sheet, historical charts, market performance, capitalisation, dividends, volume, profit and loss account, research, results and more details at NSE India. The Members of . RESEARCH REPORT 20TH Aug 2018. Benign input cost and higher product realisation are expected to aid in gross margin improvement and stringent cost control and judicious spend on sales promotion will... backdrop of Covid. Maintain BUY. Radico Khaitan Ltd. share price forecast The 8 reports from 3 analysts offering long term price targets for Radico Khaitan Ltd. have an average target of 473.33. 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. About the Company. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. How good are your current hold decisions? Subscribe. RDCK owns six pillar brands, named 8PM, Magic Moments, Old Admiral, Morpheus, Contessa and After Dark, which have significant market presence and enjoys considerable market share in the industry. Required fields are marked * ... Jay Prakash on Vikas EcoTech Ltd Multibagger Research Report; Murthi on Porinju Veliyath Wiki, Latest Portfolio, Holdings, Stock Picks, Recommendations; Radico Khaitan reported volume growth of 5% YoY in Q2FY21 (in spite of 9-10% de-growth for the liquor industry). REPORT ON THE AUDIT OF ANNUAL STANDALONE IND AS FINANCIAL STATEMENTS. 1 mid-cap company in Fortune India's The Next 500 viz. | Reiterate BUY with revised TP of Rs 592 (32x Dec-20E EPS) vs. 40x for UNSP.RDCK trades at relatively cheap valuation at 25/22x FY20/21E EPS vs. 47/37x for UNSP. Radico Khaitan Limited has informed the Exchange about Analysts/Institutional Investor Meet/Con. SECTOR REPORT. (-2.19%), Negative PEG TTM Price to Earnings Growth. Eicher Motors: Will its Meteoric Rise Sustain? Hardening of RM cost led to crack in GM margins. Liquor industry facing multiple headwinds (slowdown, flooding, liquidity stress and policy changes) in 9MFY20, despite, Radico posted 16% P&A; volume growth to 5.5mn cases. : PFIZER, ICICIBANK, News by Trendlyne Radico Khaitan Analyst, Brokerage Reports, Latest Research Report on Radico Khaitan. Radico financial results, Radico shareholding, Radico annual reports, Radico pledge, Radico insider trading and compare with peer companies. Volume in Prestige and above category grew at 22.1% yoy while Regular category grew at a slower pace of 1.3% yoy. Upside : 14.3%, Target: 430 (-2.19%), Negative PEG TTM Price to Earnings Growth, Target: 550 COVID-19 vaccine | Pfizer vaccine has 'favourable safety profile', says US regulator, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), Just getting started? Radico Khaitan Ltd Conference Call Transcript, Radico Khaitan Ltd Management Interviews, Radico Khaitan Ltd Investor Presentations, Radico Khaitan Ltd Annual Reports, Radico Khaitan Ltd Articles, Radico Khaitan Ltd Press Release, Radico Khaitan Ltd AGM/EGM/Board Meetings, Radico Khaitan Ltd Results, Radico Khaitan Ltd Credit Ratings, Radico Khaitan Ltd Company Announcements Maintain BUY. Investors with a short-term perspective can sell the stock of Radico Khaitan at current levels. HDFC securities Institutional Research is also available on Bloomberg HSLB & Thomson Reuters . Maintain BUY. This was in stark contrast to the industry (flat yoy) which struggled in 4QFY20 (UNSP posted rev/vol decline of 11/13% yoy). Radico Khaitan reported quarterly numbers on 28 October 2020.One of India's ace liquor maker Radico Khaitan reported 6.60% fall in their consolidated net profit … India’s aggregate industry profits are derived from the liquor industry looks attractive on a top down basis, presenting a strong case for long term investors. : Walkthrough for screener creation, backtesting, New superstar addition: Sunil Singhania's Abakkus. The production of new products Verve Vodka, 8PM Black Whiskey, and Morpheus Blue Brandy is in full swing. Price – Rs. Radico Khaitan Limited ("RKL") is among the oldest and one of the largest manufacturers of Indian Made Foreign Liquor ("IMFL") in India. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. For 9MFY19, revenue/EBITDA/PAT grew at 18/37/69%. Also includes updates on the valuation of RADICO KHAITAN. Radico Khaitan reported quarterly numbers on 28 October 2020. Its today's share price is 403.8. | Decline in transport (down 14.7% QoQ) vertical also contributed to the slowdown in core. See 8 latest analyst research reports for RADICO, BSE:532497 Radico Khaitan Ltd.. Upvote, discuss and comment with all investors for free. - Buy->Hold). IIFL has other business units with independent research teams separated Newer launches to help company tap premium segments Premium variants of successful brands such as 8PM whisky (8PM platinum), Morpheus brandy (Morpheus Blue), Magic Moments (better canister packaging, Magic Moments Verve) has helped the company to explore newer segments (Prestige and Above whisky) and also tap different consumer palates. represents an upside of 2.70% IMFL revenue and volume growth was 16% and 13%, out of which, P&A; clocked 31% and 11% respectively. We expect deleveraging to sustain, making the co debt free by FY22. We expect the stock to re-rate as premiumisation and deleveraging continues. from the last price of 460.90. 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 Co continued scaling its premium brands (Rampur, Morpheus, 8PM Black, etc) and Morpheus is expected to become a millionaire brand in FY21. The company is also a supplier of Indian made Indian liquor (IMIL) and bulk alcohol in … (eg. Our forecasts and TP are unchanged, based on a target 31x FY20E PER, reflecting strong earnings growth. RDCK was ranked as the no. Maintain BUY. Radicos 4QFY20 performance was strong with 15% yoy growth in net revenues. ICICI Direct's research report on Radico Khaitan. Management expects three product launches in the next two years. Maintain BUY. Top down heady, bottom up insipid. BSE : RADICO Sector: IMFL LIQOUR & BREWERIES. Liquor industry was impacted by slowdown, flooding, liquidity stress in the trade and stiff RM inflation. 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 … ... radico Khaitan fresh buy above 472 let see how much it gains above 472. about 2 mins 57 sec ago. The positive takeaways from our visit in RDCK's Rampur distillery in Uttar Pradesh (UP) r... Radico Khaitan (2QFY19): Firing on all cylinders. The Company also continued to shine at the Monde Selection Quality Awards in 2020 withone grand gold and eight gold awards. ICICI Direct Report Radico Khaitan Ltd. reported volume growth of 5% YoY in Q2 FY21 (in spite of 9-10% de-growth for the liquor industry). 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. Call Updates The company expects improvement in EBITDA... Nifty50 companies average YoY revenue changed by -6.72%, Trending news COVID-19 vaccine | Pfizer vaccine has 'favourable safety profile', says US regulator, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Create your own screener (from 1000+ indicators), Shareholding screeners for promoters, MFs, institutions, Trending Today: Stocks with Highest Dividend Yields, Technical Screeners (RSI, MFI, EMA/SMA and more), Just getting started? For 3QFY2016, Radico Khaitan (RKL) outperformed our estimates on the earnings front although the top-line came in flat yoy. Radico Khaitan Change in Estimates Rating Target Q1 FY16 This report is published by IIFL ‘India Private Clients’ research desk. Maintain BUY. Equity Research Tool Quality Reports Expert Advice Is Radico Khaitan an attractive stock to invest in? Find detailed report in terms of 52 week high / low, charts, research reports, news, peer comparison, financial reports, balance sheet, profit & loss account, results and more. Radico Khaitan Ltd Live BSE Share Price today, Radico latest news, 532497 announcements. Company Update| Radico Khaitan ICICI Direct Research ANALYST CERTIFICATION I/We, Bharat Chhoda, MBA; Harshal Mehta MTech (Biotech) , Research Analysts, authors and the names subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect our views | For 2QFY2017, Radico Khaitan reported results above our estimates both on top-line and bottom-line front. OPINION. 404 Target Price: Rs 510 (In next 12 to 15 mths) BUSINESS BACKGROUND KEY DATA INVESTMENT HIGHLIGHTS SHAREHOLDING PATTERN Equity Research Report India; ... Radico Khaitan Ltd. was incorporated in the year 1983. We remain constructive on RDCK story due to... We value Radico at 16x on Mar-22E EPS, deriving a TP of Rs 363. 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. Full Report: Click here to download the file in pdf format: Tags: ICICI-Direct, Radico Khaitan: Branded liquor play available at compelling valuation. The consensus estimate represents a downside of -0.07% from the last price of 473.65. - Broker has maintained previous recommendation but increased target price. RADICO KHAITAN LTD . EBITDA growth of 13% was not only superior to UNSP but also to other FMCG players. Radico Khaitan Change in Estimates Rating Target Q3 FY15 This report is published by IIFL ‘India Private Clients’ research desk. IIFL has other business units with independent research … IIFL has other business units with independent research … [LIVE] Radico Khaitan share price details along with futures & options quotes. 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 … Will incur Rs700mn in capex in the Whiskey segment Vodka, 8PM Black and! Of Rs 548 Radico Khaitan Change in estimates Rating target Q2 FY16 this Report is Published IIFL! Mixed with beat in volume growth of 13 % was not only superior to UNSP ) on Sep-21 EPS deriving. Financial year ending on 31 March, 2019 has a strong pan-India presence with growing sales the! 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