You are here » Home » Companies » Company Overview » Radico Khaitan Ltd

Radico Khaitan Ltd.

BSE: 532497 Sector: Consumer
NSE: RADICO ISIN Code: INE944F01028
BSE 00:00 | 18 Feb 419.25 6.95
(1.69%)
OPEN

408.60

HIGH

422.85

LOW

401.30

NSE 00:00 | 18 Feb 419.55 7.10
(1.72%)
OPEN

407.00

HIGH

422.80

LOW

401.05

OPEN 408.60
PREVIOUS CLOSE 412.30
VOLUME 42630
52-Week high 437.00
52-Week low 260.05
P/E 23.38
Mkt Cap.(Rs cr) 5,599
Buy Price 419.25
Buy Qty 2177.00
Sell Price 419.75
Sell Qty 100.00
OPEN 408.60
CLOSE 412.30
VOLUME 42630
52-Week high 437.00
52-Week low 260.05
P/E 23.38
Mkt Cap.(Rs cr) 5,599
Buy Price 419.25
Buy Qty 2177.00
Sell Price 419.75
Sell Qty 100.00

Radico Khaitan Ltd. (RADICO) - Company History

Radico Khaitan Limited (RKL) was incorporated on July 21 1983. The Company is among the oldest and one of the largest manufacturers of Indian Made Foreign Liquor (IMFL) in India. 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. The company's brand portfolio across the IMFL categories of Whisky Brandy Rum and White Spirits includes After Dark Whisky Contessa Rum Jaisalmer Indian Craft Gin Magic Moments Vodka Magic Moments Verve Vodka Morpheus Brandy Old Admiral Brandy Pluton Bay Rum Rampur Indian Single Malt Whisky Regal Talon Whisky 1965 - The Spirit of Victory Rum and 8PM Whisky. Currently the Company has four millionaire brands which are 8PM Whisky Contessa Rum Old Admiral Brandy and Magic Moments Vodka.Radico Khaitan is one of the largest providers of branded IMFL to the Canteen Stores Department (CSD) which has significant business barriers to entry. The Company has been successfully building its brand equity in international markets and currently exports its products to over 70 countries. The Company has three distilleries in Rampur (Uttar Pradesh) and two in joint venture RNV in Aurangabad (Maharashtra) in which Radico Khaitan owns 36% equity. The Company has a total capacity of over 157 million litres and operates 28 bottling units spread across the country.The Company was merged with Abhishek Cement Ltd (ACL) with effective from 1st January of the year 1997. The merged company renamed as Radico Khaitan Ltd. Radico's flagship brand 8 PM Whisky was launched in the year 1999. In the first year alone it sold one million cases - a record for any Indian or foreign brand operating in India. This also made it the first brand in the liquor industry to make it to the Limca Book of Records. The Old Admiral VSOP brandy was launched in the state of Kerala during the year 2002 and also introduced in Andhra Pradesh markets. Radico had acquired M/s Anab-e-Shahi Wines and Distilleries Pvt Ltd in 2003-04. The Company had set up a state of the art of the bottling unit at Shree Khatushyamji Industrial Complex in Sikar Rajasthan with a capacity of 12lac cases per annum became operational in January of the year 2004. During the same year 2004 the company made its entry into Tamil Nadu by the way of its brands Contessa Rum Old Admiral Brandy and 8 PM Select whisky launch in the Tamil Nadu market through Golden Midas Distilleries who is bottling partner of the company in Tamil Nadu. A green field bottling plant of the company was set up at Bajpur Industrial area Uttaranchal for bottling of 600000 cases during the year 2004-05. It had set up a fully automatic 750 ml kidney shaped PET bottle manufacturing plant in Uttaranchal and also added additional capacity for molasses at Rampur. In the identical year of 2004-05 the company had acquired Anabeshahi Wines & Distilleries Pvt ltd (AES) which owned a bottling unit in the state of Andhra Predesh. The Company had inked overseas Joint Venture (JV) agreement in UK and Western Africa in May of the year 2006. Diageo the world's largest drinks company and Radico made an equal JV in Indian sprits market during August of the same year 2006. In March 2007 Diageo Radico Distilleries Pvt Ltd the joint venture between Diageo and the company had launched Masterstroke Deluxe Whisky a blend of Premium whiskies. During the financial year 2007 the company had set up a grain-based distillery at its Rampur plant with a capacity of 27 KLPA. In February of the same year 2007 the company's JV with Diageo - Diaego Radico Distilleries Pvt Ltd had launched a new brand - Masterstroke Deluxe whiskey - in the premium segment. Radico also acquired other brands from Brihan Maharashtra Sugar Syndicate Ltd. The brand Old Admiral under the category of brandy won the Monde Selection award for its overall quality in the year 2008. In May 2008 Radico Global Limited and Radico International DMCC ceased to be the subsidiaries of the company. Radico forayed into the flavoured vodka market by launching six flavours under its Magic Moments extension brand-Remix in August of the year 2008. During FY 2014 Radico NV Distilleries Maharashtra Ltd (RNVDML) a Joint Venture (JV) of the company received Private Sector Investment (PSI) subsidy from Government of Maharashtra of Rs. 39.8 Crore. During FY 2014 the JV modified its distillation plant to reduce the consumption of steam in production of alcohol. RNVDML has also installed a evaporation plant with molasses alcohol plant which has the effect of reducing generation of effluent by about 80% and has made the plant a zero discharge plant.In FY 2014 Radico Khaitan enhanced its premium offerings by launching Verve Magic Moments Green Apple and Verve Magic Moments Orange flavoured premium Vodka in North India and selected states in West India. During FY2014 the Company launched Morpheus Blue an upgraded version of the super premium Morpheus Brandy to further strengthen its premium product offerings. In May 2016 Radico Khaitan launched two new whiskies: Rampur Indian Single Malt and Regal Talons Semi Premium Whisky. While the launch of single malt is a testament to company's R&D and product development capabilities Regal Talons is targeted at filling the gap in the Company's premium whisky portfolio and capturing the opportunities in the largest segment of the Indian spirits industry.During the year 2017 the Company installed and commissioned integrated evaporators in the grain spirits plant which converts the entire thin slop into wet cake that can be sold as cattle fodder. This has helped in bringing down the effluent discharge from grain plant to zero. The Company also installed and commissioned integrated evaporators in molasses distillation plant resulting in reduction of spent wash generation by approximately 45%. After the effluent is passed through the RO plant additional 45% effluent volume is reduced and only about 25% of the total effluent is left for bio composting. The Company increased the bio-composting area by 7 acres to consume more effluent in bio composting and has reduced fresh water consumption by recycling process condensate and lees from distillation plants to fermentation.During the year 2018 Radico Khaitan launched 8PM Premium Black whisky and Morpheus Blue semi luxury brandy providing its loyal consumers an opportunity to upgrade to superior blends and higher category brands.As of March 31 2019 the Company had issued subscribed and paid-up equity share capital of Rs 26.68 Crore divided into 133409265 equity shares of Rs 2/- each.