🔍

Ravi Kumar Distilleries Limited (RKDL)

₹16.37 +2.57% last close, 16 Oct

📊 NSE: RKDL 🏢 Breweries & Distilleries 📢 Latest filing: 03 Sep 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Ravi Kumar's revenue was ₹12.5 Cr (+200.6% year on year, +80.5% on the previous quarter), and net profit ₹0.1 Cr (+127.7% year on year); the operating margin was -7.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹12.5	+200.6%	+80.5%
Operating profit	₹-0.9	loss widened	to loss
Net profit	₹0.1	+127.7%	+36.6%
EPS (₹)	0.03	+200.0%	+50.0%
Operating margin	-7.5%	—	—

Full quarterly financials → Results calendar →

RKDL delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 84.92% of the RKDL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 81.61%. That is close to its usual level. Turnover was only ₹1 lakh, so a handful of trades can move this figure. Volume was 0.3 times its average, well below normal.

84.92%Delivery, 16 Oct

81.61%Own 20-session average

0.3×Volume vs its average

₹16.37NSE close · +2.57%

Delivery in the last 5 sessions: 71.5% · 67.4% · 74.3% · 87.1% · 84.9%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Ravi Kumar Distilleries Convenes 33rd AGM on September 28, 2026; E-Voting from Sept 25 to 27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 03 Sep 2026, 07:58 PM

Ravi Kumar Distilleries Limited has issued the notice for its 33rd Annual General Meeting (AGM) scheduled for Monday, September 28, 2026, at 11:30 AM at its registered office in Puducherry. The cut-off date for determining voting eligibility is September 22, 2026, with the remote e-voting window open from September 25 to September 27, 2026. Key agenda items include adopting the audited financial statements for FY 2025-26 and the reappointment of retiring director Mr. Badrinath S. Gandhi.

33rd Annual General Meeting scheduled for September 28, 2026, at 11:30 AM
Cut-off date for e-voting eligibility set as September 22, 2026
Remote e-voting window open from September 25, 2026 (9:00 AM) to September 27, 2026 (5:00 PM)
Book closure / register of members closed from September 23, 2026 to September 28, 2026
Re-appointment of director Mr. Badrinath S. Gandhi who retires by rotation

💡 Eligible shareholders holding shares as of September 22, 2026, can participate in remote e-voting from September 25 to 27, 2026, or attend the AGM on September 28, 2026.

Ravi Kumar Distilleries Schedules 33rd AGM for Sept 28, 2026; Book Closure from Sept 23

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Aug 2026, 07:17 PM

Ravi Kumar Distilleries Limited has informed stock exchanges that its 33rd Annual General Meeting (AGM) will be held on Monday, September 28, 2026. The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 28, 2026 (both days inclusive) to determine member records for the AGM. The notification applies to equity shares with a face value of Rs 10 each (ISIN: INE722J01012). This is a routine statutory intimation with no operational or financial impact.

33rd Annual General Meeting scheduled for Monday, September 28, 2026
Book closure period runs from September 23, 2026, to September 28, 2026 (both days inclusive)
Applicable to equity shares with paid-up face value of Rs 10 each (ISIN INE722J01012)

💡 Track the AGM proceedings and the detailed Annual Report for updates on capacity utilization, margins, and operational turnaround plans.

RKDL Schedules 33rd AGM on Sept 28, 2026; Book Closure Set for Sept 23–28

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Aug 2026, 07:15 PM

Ravi Kumar Distilleries Limited has announced that its 33rd Annual General Meeting (AGM) will be held on Monday, September 28, 2026. Pursuant to Regulation 42 of SEBI LODR Regulations, the Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 28, 2026 (both days inclusive). This filing is standard statutory compliance with no direct financial or operational impact on the company.

33rd Annual General Meeting scheduled to take place on September 28, 2026.
Share transfer books and register of members closed from September 23, 2026, to September 28, 2026.
Applicable to Equity shares with paid-up face value of Rs 10/- each (ISIN: INE722J01012).

💡 Monitor the AGM notice and full annual report disclosures for management commentary regarding operational turnaround and debt obligations.

Q1 Net Profit at ₹6.83 Lakhs (up 146% YoY); Auditor Flags ₹29 Cr Disputed Assets

🔵 WATCH ⭐ 5/10

EARNINGS 📅 14 Aug 2026, 07:02 PM

Ravi Kumar Distilleries reported standalone revenue from operations of ₹1,247.49 Lakhs for the quarter ended June 30, 2026, marking a 53.75% YoY increase from ₹811.36 Lakhs in Q1 FY26. Net profit rose to ₹6.83 Lakhs from ₹2.78 Lakhs in the year-ago period, aided by ₹124.18 Lakhs in other income (including a ₹40.00 Lakhs creditor write-back). However, the statutory auditor issued a qualified review report concerning ₹2,900.25 Lakhs in disputed recoverables and ₹825.71 Lakhs investment in Liquors India Limited without Expected Credit Loss provisions. Additionally, the company has ₹291.15 Lakhs in pending undeposited statutory dues.

Revenue from operations grew 53.75% YoY to ₹1,247.49 Lakhs from ₹811.36 Lakhs in Q1 FY26
Net profit stood at ₹6.83 Lakhs, up from ₹2.78 Lakhs in Q1 FY26 and ₹4.95 Lakhs in Q4 FY26
Other income of ₹124.18 Lakhs included ₹40.00 Lakhs written back from old sundry creditor balances
Auditor issued qualified conclusion over ₹2,900.25 Lakhs of disputed assets and ₹825.71 Lakhs unprovided investment in Liquors India Ltd
Company reported ₹291.15 Lakhs in overdue statutory dues without provisioning for delayed interest

💡 Track the 33rd AGM scheduled on September 28, 2026, and monitor legal developments at NCLAT/Supreme Court regarding the recovery of disputed advances and investments.

RKDL Submits Routine Share Dematerialization Certificate for Quarter Ended June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Jul 2026, 03:29 PM

Ravi Kumar Distilleries Limited (RKDL) has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFin Technologies Limited, confirms that share dematerialization and rematerialization requests for the period ending June 30, 2026, have been processed and reported to the depositories. This is a standard administrative filing required for all listed entities to ensure the integrity of shareholding records. The company remains a micro-cap entity with a market capitalization of approximately ₹45 crore and a high debt-to-equity ratio of 1.09.

Compliance certificate issued for the quarter ended June 30, 2026
Registrar and Transfer Agent (RTA) KFin Technologies Limited confirmed the processing of securities
The filing was submitted to BSE and NSE on July 21, 2026
Company operates with a thin TTM net profit margin of approximately 0.23%

💡 No action is required for this routine filing. Investors should monitor the company's upcoming quarterly financial results to assess if it can improve its stagnant profitability and manage its ₹46 crore debt.

Ravi Kumar Distilleries to Close Trading Window from July 1, 2026, for Q1 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Jun 2026, 06:24 PM

Ravi Kumar Distilleries Limited (RKDL) has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is ahead of the announcement of the company's un-audited financial results for the quarter ending June 30, 2026. The restriction applies to all designated persons, their immediate relatives, and connected persons. The trading window will reopen 48 hours after the financial results are officially declared to the stock exchanges.

Trading window closure commences on Wednesday, July 1, 2026.
Closure is related to the un-audited financial results for the quarter ended June 30, 2026.
Applies to Designated Persons, Immediate Relatives, and Connected Persons of the Company.
The window will remain closed until 48 hours after the board meeting results are announced.
The specific date for the Board Meeting to declare results will be intimated separately.

💡 This is a standard regulatory filing and does not impact the company's fundamentals; investors should wait for the upcoming quarterly results to assess performance.

RKDL FY26 Revenue Drops 27.5% to ₹54.22 Cr; Net Profit Stagnant at ₹13.68 Lakhs

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 25 May 2026, 05:40 PM

Ravi Kumar Distilleries reported a significant decline in annual revenue, falling from ₹74.84 crore in FY25 to ₹54.22 crore in FY26. Despite the revenue drop, the company managed a marginal increase in net profit to ₹13.68 lakhs, aided by a ₹58.23 lakh write-back of old liabilities. The results were impacted by an exceptional loss of ₹1.10 crore due to the destruction of expired inventory. Furthermore, the company faces ongoing legal disputes regarding ₹29 crore in recoveries and ₹5.26 crore in investments, leading to a qualified audit opinion.

Annual Revenue from Operations decreased by 27.5% YoY to ₹5,421.88 Lakhs.
Net Profit for FY26 remained nearly flat at ₹13.68 Lakhs compared to ₹13.22 Lakhs in FY25.
Exceptional loss of ₹109.67 Lakhs recognized for destruction of expired/faded IMFL stock.
Auditors issued a qualified opinion citing disputes over ₹2,900.25 Lakhs in recoveries and ₹525.71 Lakhs in investments.
Other income includes a write-back of ₹58.23 Lakhs from long-outstanding sundry creditors no longer payable.

💡 Investors should exercise extreme caution due to the qualified audit report and significant legal uncertainties regarding asset recovery. The sharp decline in revenue and ongoing litigation suggest high operational and financial risk.

RKDL Promoters Declare Zero Encumbrance on 56.68 Lakh Shares for FY 2025-26

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 21 May 2026, 11:19 AM

The promoters of Ravi Kumar Distilleries Limited (RKDL) have submitted their annual declaration under Regulation 31(4) of SEBI (SAST) Regulations for the financial year ended March 31, 2026. The promoter and promoter group collectively hold 56,67,785 equity shares in the company. Most importantly, the promoters have confirmed that no shares were encumbered or pledged, directly or indirectly, during the entire financial year. This filing is a routine but essential transparency measure for listed companies in India.

Total promoter and promoter group holding stands at 56,67,785 equity shares as of March 31, 2026.
Individual promoter R V Ravikumar holds the majority of the group's stake with 55,14,416 shares.
Official declaration confirms zero encumbrance or pledging of shares during the 2025-26 financial year.
Compliance submitted in accordance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

💡 No action is required as this is a routine annual regulatory disclosure. Investors should view the lack of promoter share pledging as a positive indicator of the promoters' financial stability.

RKDL Confirms Non-Large Corporate Status with Long-Term Borrowing of ₹0.98 Crore

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 25 Apr 2026, 01:01 PM

Ravi Kumar Distilleries Limited (RKDL) has filed its annual disclosure with the stock exchanges for the financial year ending March 31, 2026. The company confirmed that it does not fall under the 'Large Corporate' category as defined by SEBI's debt security issuance criteria. As of the end of the fiscal year, the company's total long-term outstanding borrowing is reported at a minimal ₹0.98 crore. This filing is a routine compliance requirement and indicates a low level of long-term debt on the balance sheet.

RKDL confirmed it is not a 'Large Corporate' as per SEBI criteria for the period ending March 31, 2026.
Total long-term outstanding borrowing of the company stands at ₹0.98 crore.
The company reported 'N.A.' for its highest credit rating during the previous financial year.
The disclosure was made pursuant to SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 regarding debt securities.

💡 This is a routine regulatory filing with no material impact on the company's operations or stock price. Investors should focus on the upcoming quarterly earnings for a better understanding of the company's financial health.

RKDL to Close Trading Window from April 1, 2026, for FY26 Audited Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 21 Mar 2026, 12:46 PM

Ravi Kumar Distilleries Limited (RKDL) has announced the closure of its trading window effective from April 1, 2026. This closure is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations for the preparation of audited financial results for the quarter and year ending March 31, 2026. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are publicly disclosed. The company will announce the specific date for the board meeting to approve these results in a separate future filing.

Trading window closure starts on April 1, 2026, for all designated persons.
Closure pertains to the audited financial results for the quarter and year ended March 31, 2026.
Trading restriction will be lifted 48 hours after the financial results are declared to the exchanges.
Compliance is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 This is a routine regulatory announcement and does not require any immediate action from retail investors. Investors should wait for the announcement of the board meeting date to assess the company's upcoming financial performance.

RKDL Q3 FY26 Net Profit Drops to ₹1.92 Lakhs; Revenue Down 21.5% YoY

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 06 Feb 2026, 04:18 PM

Ravi Kumar Distilleries reported a weak performance for Q3 FY26, with revenue from operations declining 21.5% YoY to ₹1,508.16 Lakhs. Net profit remained marginal at ₹1.92 Lakhs, down from ₹2.49 Lakhs in the previous year's corresponding quarter. The auditor's report contains several critical qualifications, including ₹2,900.25 Lakhs in disputed recoveries and a failure to provide for ₹389.49 Lakhs in expected credit losses. Additionally, the company has ₹282.48 Lakhs in unpaid statutory dues, for which interest has not been provisioned.

Revenue from operations fell to ₹1,508.16 Lakhs in Q3 FY26 from ₹1,922.72 Lakhs in Q3 FY25.
Net profit for the quarter stood at a meager ₹1.92 Lakhs compared to ₹2.49 Lakhs YoY.
Auditors flagged ₹2,900.25 Lakhs in disputed non-current assets with uncertain recoverability.
Company failed to recognize an expected credit loss of ₹389.49 Lakhs on financial assets despite credit risks.
Statutory dues of ₹282.48 Lakhs remain unpaid with no provision made for interest on delays.

💡 Investors should exercise extreme caution as the auditor's qualifications suggest the reported profits may not reflect the true financial position. The significant amount of disputed assets and unprovided liabilities are major red flags for the company's balance sheet health.

RKDL Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Jan 2026, 02:59 PM

Ravi Kumar Distilleries Limited (RKDL) has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFin Technologies Limited, confirms that all dematerialization and rematerialization requests for the quarter ended December 31, 2025, have been processed. This filing ensures that the company's shareholding records with NSDL and CDSL are accurately reflected and reported to the stock exchanges. Such filings are standard procedural requirements for all listed entities in India.

Compliance certificate submitted for the quarter ended December 31, 2025.
Certificate issued by Registrar and Transfer Agent (RTA) KFin Technologies Limited on January 2, 2026.
Confirms that details of dematerialized/rematerialized securities were furnished to BSE and NSE.
The filing was officially submitted to the exchanges on January 10, 2026.

💡 No action is required from investors as this is a routine regulatory filing. Investors should monitor the company's upcoming quarterly financial results for a better understanding of its operational performance.

RKDL Trading Window to Close from Jan 1, 2026 for Q3 Financial Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Dec 2025, 04:38 PM

Ravi Kumar Distilleries Limited has notified the exchanges regarding the closure of its trading window effective January 1, 2026. This closure is mandatory under SEBI (Prohibition of Insider Trading) Regulations for the upcoming Q3 and nine-month financial results ending December 31, 2025. The window will remain closed for all designated persons and their relatives until 48 hours after the results are made public. The specific date for the board meeting to approve these results will be announced later.

Trading window closure begins on January 1, 2026
Pertains to un-audited financial results for the period ending December 31, 2025
Restriction applies to Designated Persons, Immediate Relatives, and Connected Persons
Window reopens 48 hours after the official announcement of financial results

💡 No immediate action is required as this is a standard regulatory compliance. Investors should monitor the upcoming earnings release for operational performance updates.

RKDL Shareholders Approve Appointment of Shanmugam Vidhyasankari as Woman Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 18 Dec 2025, 05:45 PM

Ravi Kumar Distilleries Limited (RKDL) has announced the successful passage of an ordinary resolution via postal ballot for the appointment of Mrs. Shanmugam Vidhyasankari as a Non-Executive Non-Independent Woman Director. The resolution was passed on December 17, 2025, with 84.05% of the total votes cast in favor. While promoters showed unanimous support, approximately 25.72% of the public non-institutional votes were cast against the appointment. Total voter turnout stood at 62.10% of the 24,000,000 outstanding shares.

Appointment of Mrs. Shanmugam Vidhyasankari as Non-Executive Non-Independent Woman Director approved with requisite majority.
Total voter turnout was 62.10%, representing 14,905,046 shares out of 24,000,000.
The resolution received 84.05% votes in favor and 15.95% votes against overall.
Public non-institutional shareholders showed a notable 25.72% dissent rate against the resolution.
Promoter group participation was 99.95%, with 100% of their votes cast in favor of the appointment.

💡 This is a routine regulatory compliance matter regarding board composition; investors should monitor if this appointment influences future corporate governance or strategic decisions.

RKDL Shareholders Approve Appointment of Mrs. Shanmugam Vidhyasankari as Director

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 18 Dec 2025, 05:43 PM

Ravi Kumar Distilleries Limited (RKDL) has successfully passed an ordinary resolution via postal ballot to appoint Mrs. Shanmugam Vidhyasankari as a Non-Executive Non-Independent Woman Director. The resolution received 84.05% approval from the total votes polled, with a total turnout of 62.10% across 20,762 shareholders. While the promoter group voted unanimously in favor, approximately 25.72% of participating public non-institutional shareholders voted against the move. The appointment was finalized on December 17, 2025, following the conclusion of the e-voting process.

Resolution passed with 12,527,464 votes in favor (84.05%) and 2,377,582 votes against (15.95%)
Total voter turnout stood at 62.10%, representing 14,905,046 shares out of a total 24,000,000
Public non-institutional shareholders showed a 50.42% turnout, with 25.72% of those votes opposing the appointment
Promoter group participation was nearly 100% (5,659,473 shares), all of which supported the resolution

💡 Investors should view this as a routine regulatory compliance measure for board diversity. No specific action is required, though the minority dissent in public voting is worth noting for future governance trends.

View All RKDL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The primary segment is Indian Made Foreign Liquor (IMFL). Total revenue for Q2 FY26 was INR 17.50 Cr (1,749.85 Lakhs), representing a 17.14% YoY decline from INR 21.12 Cr (2,111.72 Lakhs) in Q2 FY25. However, revenue grew 115.67% QoQ from INR 8.11 Cr in Q1 FY26. Half-yearly revenue for H1 FY26 stood at INR 25.61 Cr, down 26.90% from INR 35.04 Cr in H1 FY25.

Geographic Revenue Split

The company is primarily concentrated in Puducherry, where its manufacturing facility and registered office are located. Specific percentage split by other regions is not disclosed in available documents.

Profitability Margins

Net profit margin for Q2 FY26 was extremely thin at 0.23% (INR 4.03 Lakhs profit on INR 17.50 Cr revenue). This is a slight improvement from the FY25 full-year net margin of 0.18% (INR 13.22 Lakhs profit on INR 74.84 Cr revenue).

EBITDA Margin

Not explicitly disclosed; however, Net Profit for Q2 FY26 was INR 4.03 Lakhs, down 3.12% YoY from INR 4.16 Lakhs in Q2 FY25. H1 FY26 Net Profit was INR 6.81 Lakhs, down 15.61% YoY from INR 8.07 Lakhs.

Credit Rating & Borrowing

CRISIL suspended the company's ratings on December 19, 2014, due to non-cooperation. The previous rating was 'CRISIL D' (Default) for bank loan facilities totaling INR 150 Cr (1,500 Million), including a Cash Credit of INR 22.5 Cr and proposed long-term loans of INR 127.5 Cr.

⚙️ Operational Drivers

Raw Materials

Primary raw materials for IMFL production include Extra Neutral Alcohol (ENA), glass bottles, caps, and labels. ENA typically constitutes the largest portion of the cost of goods sold in this industry.

Capacity Expansion

The company operates a manufacturing facility in Puducherry. Current installed capacity and planned expansion details are not disclosed in available documents.

📈 Strategic Growth

Growth Strategy

The company is undergoing board restructuring, including the appointment of Mrs. Shanmugam Vidhyasankari as a Non-Executive Non-Independent Woman Director effective November 13, 2025, following the completion of Mrs. Vidhisa Shekar Shetty's tenure. The company is also utilizing postal ballots for shareholder approvals on administrative and governance matters to stabilize operations.

Products & Services

Indian Made Foreign Liquor (IMFL).

Brand Portfolio

Ravi Kumar Distilleries.

🌍 External Factors

Industry Trends

The Indian liquor industry is seeing a trend toward premiumization; however, RKDL's 26.90% decline in H1 FY26 revenue suggests it may be struggling to maintain market share against larger listed competitors.

Competitive Landscape

Competes with both large national IMFL players and local distilleries in the South Indian market.

Competitive Moat

The company's moat is based on its manufacturing license in Puducherry; however, this is weakened by its history of credit defaults and rating suspensions.

Macro Economic Sensitivity

Highly sensitive to state-level fiscal policies and excise duty structures in Puducherry.

Geopolitical Risks

Low, as operations are primarily domestic and localized to Puducherry.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Puducherry Excise Act and pollution control norms for distillery effluent treatment.

Taxation Policy Impact

Subject to state excise duties which are the primary tax burden for distilleries. Corporate tax is applicable on its thin profits (INR 4.03 Lakhs in Q2 FY26).

Legal Contingencies

The company has opened a special window for re-lodgement of transfer requests for physical shares as per SEBI circulars to resolve legacy shareholding issues.