Radico: CMP: 910
Belong to the strong growing sector of Brew. Among the oldest and Largest manufacturers with its operations since 1943. Own brand was started in 1988 at 8 PM. High growth since last few years has helped to reduce the debt, still, we should confess that debt was high & good news is they have reduced it by 48% last year & even 25% this year, Decreased debt from 1000 cr during 2016 to today just 400 cr & this thing has helped cut 65% Interest cost.
Revenue was affected due to covid but still, Radico performed well during the whole Covid Period. Yes, debt is decreasing continuously which has helped the company during this struggling phase of COVID.
New Buying again can be done during the current fall in the whole range of 915 to 566 and target next year should be 1619 where some 5% profits can be booked. A reasonable amount 1% of Portfolio weightage can be given.
Aditya Birla, Reliance & Tata MF combined hold around 5% shares whereas FPI like Goldman Sachs combining other FPI holds around 23% shares. Renowned Investor Madhu Kela ( on wife’s name), Dolly Khanna, and Ashish Agrawal also hold around 15 Lakh shares ie 1%-1% each.