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This alcohol company stock is among the top gainer on September 21
Vishwesh Sanas
/ Categories: Trending, Mindshare

This alcohol company stock is among the top gainer on September 21

Shares of the company surged 2.91 per cent on the day.

Shares of Radico Khaitan Ltd surged 2.91 per cent and closed at Rs 1081.05. The share price opened at Rs 1079 and made an intraday high and low of Rs 1133.9 and Rs 1070.7, respectively. 

  

Radico Khaitan Ltd is in the alcohol business and is one of India's most well-known Indian-made foreign liquor brands. In Rampur, the company operates one of India's largest distillation plants. It has a molasses distillation capacity of 75 million litres per year and a grain distillation capacity of 33 million litres per year. 

 

In terms of revenue, FY22 was the most successful year for the company. In FY22, the company reported sales of Rs 2859 and a net profit of Rs 252 crore. Revenue for the most recent June quarter was Rs 757 crore, with a net profit of Rs 58 crore. According to FY22, the company's ROE and ROCE are 13.4 per cent and 16.4 per cent, respectively. 

 

Long-term financial growth has been achieved by the company. Sales and revenue increased by 10 per cent and 13 per cent, respectively, over a 10-year period. 

 

In terms of shareholding, the promoters own 40.27 per cent of the company, FIIs own 18.35 per cent, DIIs own 20.26 per cent, and non-institutional investors own the remaining 21.13 per cent. 

  

The company's market capitalisation is Rs 15058 crore, and its PE multiple is 57.66x. The 52-week high and low for the stock are Rs 1299.85 and Rs 731.25, respectively. 

 

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