This document provides a stock recommendation for Radico Khaitan Ltd, an Indian beverage company. It recommends buying the stock with an expected 17.6% upside potential within 90 days. The stock analysis is based on the company's financial performance, quarterly results, current market price of Rs. 353 compared to a target price of Rs. 415, and technical analysis showing support and resistance levels. The document discloses its independent equity research status and disclaimer.

1. BUY TO SELL STOCKS FOR SHORT TERM GAINS
25TH FEBRUARY 2018
RADICO KHAITAN LTD BUY POTENTIAL UPSIDE: 17.6%
CURRENT MARKET PRICE: 353.00 TARGET PRICE: 415.00
BSE Code 532497 Market Cap (Crores) 4707.26
NSE Code RADICO Dividend Yield 0.23
Book Value 77.28 P/E 44.43
Face Value 2 EPS 7.95
STOCK RECOMMENDATION

2. 15% @ 90 DAYS – FEBRUARY 2018
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Comparative Chart (Last 1 Year)
Returns: Radico Khaitan & Nifty:
Nifty: 17.9% Radico Khaitan: 164.0%
Stock Resistance and Support:
1st Resistance – 383 1st Support – 322
2nd Resistance – 402 2nd Support – 300

3. 15% @ 90 DAYS – FEBRUARY 2018
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Financials at a Glance:
Quarterly Results of Radico Khaitan Ltd (Rs. In Crores)
Particulars Dec 2017 Sep 2017 Jun 2017 Mar 2017
Audited / UnAudited UnAudited UnAudited UnAudited UnAudited
Net Sales 482.5 448.2 411.3 383.2
Other Operating Income -- -- -- 9.85
Total Income From Operations 482.5 448.2 411.3 393
Consumption of Raw Materials 228.6 233.7 225.3 212.7
Purchase of Traded Goods 14.38 3 2.35 1.94
Increase/Decrease in Stocks 6.13 1.85 -3.82 0.33
Power & Fuel -- -- -- --
Employees Cost 40.47 39.15 33.96 34.89
Depreciation 10.31 10.2 10.15 10.21
Admin & Selling Expenses 59.11 54.05 40.99 48.83
Provisions And Contingencies -- -- -- --
Other Expenses 58.34 50.72 50.52 47.49
Other Income 6.2 5.12 5.27 5.41
P/L Before Int., Excpt. Items & Tax 71.43 60.66 57.1 42.06
Interest 16.9 17.66 18.86 18.84
P/L Before Excpt. Items & Tax 54.52 42.99 38.24 23.23
Exceptional Items -- -- -- --
P/L Before Tax 54.52 42.99 38.24 23.23
Tax 19.51 14.39 12.55 6.6
P/L After Tax 35.01 28.6 25.69 16.63
Prior Year Adjustments -- -- -- --
Net Profit/(Loss) 35.01 28.6 25.69 16.63
Equity Share Capital 26.66 26.63 26.61 26.61
EPS 2.63 2.15 1.93 1.25
No Of Shares with Public 7,94,44,947 7,93,13,947 7,92,08,947 7,92,08,947
Public Share Holding (%) 59.61 59.57 59.54 59.54

4. 15% @ 90 DAYS – FEBRUARY 2018
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Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
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