Allied Blenders & Distillers Ltd
Incorporated in 2008, Allied Blenders and Distillers Ltd manufactures, purchase and sells Alcoholic Beverages /liquids[1]
- Market Cap ₹ 17,657 Cr.
- Current Price ₹ 631
- High / Low ₹ 720 / 382
- Stock P/E 65.6
- Book Value ₹ 62.4
- Dividend Yield 0.86 %
- ROCE 20.0 %
- ROE 16.2 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 116% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 35.5%
Cons
- Stock is trading at 10.1 times its book value
- The company has delivered a poor sales growth of -9.46% over past five years.
- Company has high debtors of 166 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 2,012 | 2,953 | 8,119 | 6,379 | 2,686 | 3,147 | 3,328 | 3,520 | 3,880 | |
| 1,825 | 2,650 | 7,884 | 6,183 | 2,487 | 2,960 | 3,084 | 3,088 | 3,304 | |
| Operating Profit | 187 | 302 | 235 | 196 | 199 | 187 | 244 | 432 | 576 |
| OPM % | 9% | 10% | 3% | 3% | 7% | 6% | 7% | 12% | 15% |
| 9 | -5 | 17 | 20 | 12 | 12 | 2 | 21 | 26 | |
| Interest | 121 | 192 | 180 | 142 | 145 | 135 | 173 | 125 | 130 |
| Depreciation | 72 | 81 | 69 | 58 | 57 | 54 | 55 | 57 | 69 |
| Profit before tax | 4 | 24 | 3 | 16 | 8 | 9 | 18 | 271 | 403 |
| Tax % | 60% | 70% | -489% | 64% | 29% | 47% | 62% | 26% | 33% |
| 2 | 7 | 15 | 6 | 6 | 5 | 7 | 200 | 268 | |
| EPS in Rs | 1.41 | 0.31 | 0.63 | 0.24 | 0.25 | 0.20 | 0.28 | 7.15 | 9.59 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 50% | 56% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -9% |
| 3 Years: | 7% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 116% |
| 3 Years: | 279% |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 49% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 15% |
| Last Year: | 16% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 47 | 47 | 47 | 47 | 49 | 49 | 56 | 56 |
| Reserves | 279 | 244 | 333 | 338 | 372 | 376 | 381 | 1,518 | 1,688 |
| 937 | 1,209 | 1,035 | 958 | 847 | 789 | 831 | 901 | 1,131 | |
| 516 | 1,126 | 988 | 962 | 987 | 1,296 | 1,404 | 1,070 | 1,296 | |
| Total Liabilities | 1,743 | 2,626 | 2,404 | 2,305 | 2,253 | 2,509 | 2,665 | 3,546 | 4,171 |
| 639 | 647 | 621 | 635 | 594 | 562 | 540 | 584 | 715 | |
| CWIP | 68 | 31 | 43 | 13 | 11 | 10 | 12 | 14 | 93 |
| Investments | 6 | 2 | 2 | 24 | 77 | 3 | 89 | 181 | 323 |
| 1,030 | 1,946 | 1,737 | 1,633 | 1,572 | 1,935 | 2,024 | 2,767 | 3,041 | |
| Total Assets | 1,743 | 2,626 | 2,404 | 2,305 | 2,253 | 2,509 | 2,665 | 3,546 | 4,171 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 183 | 175 | 592 | 247 | 185 | 230 | 186 | -676 | 453 | |
| -77 | -161 | -43 | -59 | 44 | -27 | -59 | -185 | -412 | |
| -109 | -7 | -496 | -217 | -254 | -195 | -128 | 922 | -1 | |
| Net Cash Flow | -3 | 6 | 53 | -29 | -25 | 9 | -0 | 60 | 40 |
| Free Cash Flow | 101 | 18 | 549 | 213 | 165 | 211 | 141 | -799 | 182 |
| CFO/OP | 106% | 60% | 254% | 127% | 96% | 125% | 80% | -140% | 104% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 141 | 42 | 50 | 130 | 111 | 136 | 181 | 166 |
| Inventory Days | 63 | 84 | 72 | 89 | 153 | 190 | 124 | 191 | 207 |
| Days Payable | 76 | 83 | 85 | 124 | 229 | 189 | 204 | 201 | 221 |
| Cash Conversion Cycle | 46 | 142 | 30 | 14 | 53 | 112 | 57 | 171 | 152 |
| Working Capital Days | -28 | -39 | -14 | -19 | -27 | -16 | -18 | 68 | 52 |
| ROCE % | 13% | 11% | 12% | 12% | 16% | 21% | 20% |
Insights
In beta| Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| P&A Salience by Volume Percentage |
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| Total Sales Volume Million Cases |
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| ICONiQ White Sales Volume Million Cases |
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| International Presence (Countries) Countries |
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| Mass Premium Sales Volume Million Cases |
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| Net Realization Per Case INR |
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| Number of Bottling Units Units |
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| Own Grain-based ENA Distillery Capacity MLPA |
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| Prestige & Above (P&A) Sales Volume Million Cases |
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| Officer's Choice Mass Premium Market Share Percentage |
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| Retail Touchpoints Reach Touchpoints |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Cessation
2d - Monish Bhasin appointed CRO from July 1, 2026; Manoj Kumar Rai resigns June 30, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
2d - Monish Bhasin appointed CRO from July 1, 2026; Manoj Kumar Rai resigns June 30, 2026.
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Board Meeting Outcome for Change In Key Managerial Personnel ('KMP') - Chief Revenue Officer ('CRO')
2d - Board appoints Monish Bhasin as CRO from July 1, 2026; Manoj Kumar Rai resigns June 30, 2026.
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Company Has Dispatched Letter Providing The Web-Link To Those Members Whose E-Mail Addresses Are Not Registered With Company / Registrar To An Issue And Share Transfer Agent / Depository Participants Of The Company.
15 Jun - Company dispatched AGM notice and FY2025-26 annual report web link to unregistered email members.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Jun - Newspaper Publication containing the Public Notice of 18th AGM of the Company
Annual reports
Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Nov 2025TranscriptPPT REC
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Aug 2025Transcript PPT REC
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Jul 2025TranscriptAI SummaryPPT
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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 2024TranscriptAI SummaryPPT
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Aug 2024Transcript PPT
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Jul 2024TranscriptAI SummaryPPT
Business Overview[1]
ABD is India’s second largest spirits company by volume, with a portfolio of 31 brands across whisky, brandy, rum, vodka, and gin. Its flagship Officer’s Choice Whisky is the 5th-largest whisky brand globally, and is India’s No.1 exported spirits brand. ICONiQ White Whisky, launched in 2022, is among the top 20 global whisky brands and became the world’s fastest-growing millionaire spirits brand for two consecutive years (CY24 & CY25), crossing 10 million cases in FY26.