HDFC Securities has buy call on Radico Khaitan Ltd. with a target price of Rs 1010. The current market price of Radico Khaitan is Rs 949.05.
Time period given by analyst is 2 weeks when Radico Khaitan Ltd. price can reach defined target.
Radico Khaitan Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 12670.03 Crore) operating in Beverages – Alcoholic sector.
Radico Khaitan Ltd. key Products/Revenue Segments include Alcoholic Products, Bottles (PET), Scrap, Royalty Income, Others, Jaivik Khad, Export Incentives and Liquor for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 604.70 Crore, down -14.42 % from last quarter Total Income of Rs 706.62 Crore and up 47.12 % from last year same quarter Total Income of Rs 411.02 Crore. Company reported net profit after tax of Rs 56.23 Crore in latest quarter.
Promoter/FII Holdings
Promoters held 40.3 per cent stake in the company as of June 30, 2020, while FIIs held 18 per cent, DIIs 16.6 per cent and public and others 25.1 per cent.
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