Allied Blenders & Distillers Ltd
Incorporated in 2008, Allied Blenders
and Distillers Ltd manufactures, purchase
and sells Alcoholic Beverages /liquids[1]
- Market Cap ₹ 18,013 Cr.
- Current Price ₹ 644
- High / Low ₹ 645 / 279
- Stock P/E 72.4
- Book Value ₹ 56.3
- Dividend Yield 0.58 %
- ROCE 21.2 %
- ROE 20.0 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 66.8% CAGR over last 5 years
Cons
- Stock is trading at 11.3 times its book value
- The company has delivered a poor sales growth of -15.4% over past five years.
- Company has a low return on equity of 11.5% over last 3 years.
- Company has high debtors of 181 days.
- Working capital days have increased from 10.8 days to 67.0 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 2,012 | 2,953 | 8,119 | 6,379 | 2,686 | 3,147 | 3,328 | 3,520 | 3,681 | |
| 1,825 | 2,650 | 7,884 | 6,183 | 2,487 | 2,960 | 3,084 | 3,088 | 3,209 | |
| Operating Profit | 187 | 302 | 235 | 196 | 199 | 187 | 244 | 432 | 471 |
| OPM % | 9% | 10% | 3% | 3% | 7% | 6% | 7% | 12% | 13% |
| 9 | -5 | 17 | 20 | 12 | 12 | 2 | 21 | 27 | |
| Interest | 121 | 192 | 180 | 142 | 145 | 135 | 173 | 125 | 107 |
| Depreciation | 72 | 81 | 69 | 58 | 57 | 54 | 55 | 57 | 55 |
| Profit before tax | 4 | 24 | 3 | 16 | 8 | 9 | 18 | 271 | 337 |
| Tax % | 60% | 70% | -489% | 64% | 29% | 47% | 62% | 26% | |
| 2 | 7 | 15 | 6 | 6 | 5 | 7 | 200 | 249 | |
| EPS in Rs | 1.41 | 0.31 | 0.63 | 0.24 | 0.25 | 0.20 | 0.28 | 7.15 | 8.90 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 50% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -15% |
| 3 Years: | 9% |
| TTM: | 13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 67% |
| 3 Years: | 231% |
| TTM: | 908% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 85% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 12% |
| Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 47 | 47 | 47 | 47 | 49 | 49 | 56 |
| Reserves | 279 | 244 | 333 | 338 | 372 | 376 | 381 | 1,518 |
| 937 | 1,209 | 1,035 | 958 | 847 | 789 | 831 | 901 | |
| 516 | 1,126 | 988 | 962 | 987 | 1,296 | 1,404 | 1,076 | |
| Total Liabilities | 1,743 | 2,626 | 2,404 | 2,305 | 2,253 | 2,509 | 2,665 | 3,551 |
| 639 | 647 | 621 | 635 | 594 | 562 | 540 | 584 | |
| CWIP | 68 | 31 | 43 | 13 | 11 | 10 | 12 | 14 |
| Investments | 6 | 2 | 2 | 24 | 77 | 3 | 89 | 181 |
| 1,030 | 1,946 | 1,737 | 1,633 | 1,572 | 1,935 | 2,024 | 2,772 | |
| Total Assets | 1,743 | 2,626 | 2,404 | 2,305 | 2,253 | 2,509 | 2,665 | 3,551 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 183 | 175 | 592 | 247 | 185 | 230 | 186 | -676 | |
| -77 | -161 | -43 | -59 | 44 | -27 | -59 | -185 | |
| -109 | -7 | -496 | -217 | -254 | -195 | -128 | 922 | |
| Net Cash Flow | -3 | 6 | 53 | -29 | -25 | 9 | -0 | 60 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 141 | 42 | 50 | 130 | 111 | 136 | 181 |
| Inventory Days | 63 | 84 | 72 | 89 | 153 | 190 | 124 | 191 |
| Days Payable | 76 | 83 | 85 | 124 | 229 | 189 | 204 | 201 |
| Cash Conversion Cycle | 46 | 142 | 30 | 14 | 53 | 112 | 57 | 171 |
| Working Capital Days | -28 | -39 | -14 | -19 | -27 | -16 | -18 | 67 |
| ROCE % | 13% | 11% | 12% | 12% | 16% | 21% |
Documents
Announcements
-
Board Meeting Intimation for Board Meeting Scheduled To Be Held On Tuesday, November 4, 2025
22h - Board meeting on Nov 4, 2025 to approve unaudited Q2/H1 results for period ended Sep 30, 2025.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Oct
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 10 Oct
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Oct - Jayant Bhalchandra Manmadkar appointed CFO of Allied Blenders, effective October 10, 2025.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 Oct - ABD won Gold at LACP Vision Awards (Food & Beverage), Top‑5 Indian Report and Technical Achievement Award, announced Oct 8, 2025.
Annual reports
Concalls
-
Aug 2025Transcript PPT REC
-
Jul 2025TranscriptNotesPPT
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Oct 2024TranscriptNotesPPT
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Aug 2024Transcript PPT
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Jul 2024TranscriptNotesPPT
Leading Alcohol Manufacturer[1]
Allied Blenders and Distillers Limited (ABDL) is India’s largest spirits company by volume, recognized for its leadership in the whisky segment. Established in 1988, ABD is the owner of some of the world’s top-selling spirits brands and operates across several spirit categories including whisky, brandy, rum, vodka, and gin.