Allied Blenders & Distillers Ltd

AI

Allied Blenders & Distillers Ltd

₹ 702 1.31%
28 Oct - close price
About

Incorporated in 2008, Allied Blenders and Distillers Ltd manufactures, purchase and sells Alcoholic Beverages /liquids[1]

Key Points

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.

  • Market Cap ₹ 19,641 Cr.
  • Current Price ₹ 702
  • High / Low ₹ 767 / 382
  • Stock P/E 67.6
  • Book Value ₹ 62.7
  • Dividend Yield 0.77 %
  • 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 11.2 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
851 895 768 758 868 974 921 919 984 985 993 970 1,130
780 835 708 683 764 857 785 804 852 838 812 836 979
Operating Profit 71 59 60 74 104 117 136 115 132 147 181 134 150
OPM % 8% 7% 8% 10% 12% 12% 15% 12% 13% 15% 18% 14% 13%
1 -2 3 2 2 4 14 7 5 -1 14 5 5
Interest 43 46 45 44 25 27 28 26 29 25 50 28 25
Depreciation 12 14 16 16 16 12 14 14 14 16 26 20 17
Profit before tax 16 -3 2 17 65 81 108 82 95 106 119 92 114
Tax % 29% 43% 64% 26% 26% 28% 25% 26% 25% 26% 52% 26% 25%
12 -4 1 12 48 58 81 61 72 78 57 68 85
EPS in Rs 0.48 -0.15 0.02 0.44 1.73 2.09 2.90 2.18 2.57 2.79 2.05 2.44 3.03
Raw PDF

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 TTM
2,012 2,953 8,115 6,379 2,686 3,147 3,328 3,520 3,880 4,077
1,825 2,650 7,886 6,183 2,487 2,960 3,084 3,088 3,304 3,464
Operating Profit 187 302 229 196 199 187 244 432 576 613
OPM % 9% 10% 2.8% 3.1% 7% 6% 7% 12% 15% 15%
9 -5 23 20 12 12 2 21 26 24
Interest 121 192 180 142 145 135 173 125 130 128
Depreciation 72 81 69 58 57 54 55 57 69 79
Profit before tax 4 24 3 16 8 9 18 271 403 430
Tax % 60% 70% -489% 64% 29% 47% 62% 26% 33%
2 7 15 6 6 5 7 200 268 288
EPS in Rs 0.28 0.31 0.63 0.24 0.25 0.20 0.28 7.15 9.59 10.31
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 50% 56%
Compounded Sales Growth
10 Years: %
5 Years: -9%
3 Years: 7%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: 116%
3 Years: 279%
TTM: 7%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 8%
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 Sep 2026
Equity Capital 12 47 47 47 47 49 49 56 56 56
Reserves 279 244 333 338 372 376 381 1,518 1,688 1,699
937 1,209 1,035 958 847 789 831 901 1,131 1,259
516 1,126 988 962 987 1,296 1,404 1,070 1,296 1,377
Total Liabilities 1,743 2,626 2,404 2,305 2,253 2,509 2,665 3,546 4,171 4,391
639 647 621 635 594 562 540 584 715 696
CWIP 68 31 43 13 11 10 12 14 93 236
Investments 6 2 2 24 77 3 89 181 323 352
1,030 1,946 1,737 1,633 1,572 1,935 2,024 2,767 3,041 3,107
Total Assets 1,743 2,626 2,404 2,305 2,253 2,509 2,665 3,546 4,171 4,391

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 -55 -59 44 -27 -59 -185 -412
-109 -7 -484 -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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 106% 60% 261% 127% 96% 125% 80% -140% 104%

Ratios

Standalone / 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 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Total Sales Volume
Million Cases

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P&A Volume Mix
%
Retail Touchpoints
Count
ICONiQ White Sales Volume
Million Cases
Number of Bottling Units
Count
Number of Brands in Portfolio
Count
Prestige & Above (P&A) Sales Volume
Million Cases
Number of Export Countries
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
80.91% 80.91% 80.91% 80.91% 80.91% 80.91% 80.91% 80.91% 80.91% 78.95%
3.83% 2.83% 2.55% 2.73% 2.82% 2.96% 3.36% 3.23% 3.24% 4.40%
3.52% 4.14% 4.01% 4.03% 4.73% 4.56% 4.61% 4.82% 5.07% 6.65%
11.73% 12.11% 12.53% 12.33% 11.53% 11.58% 11.12% 11.03% 10.77% 10.01%
No. of Shareholders 3,63,0491,21,2821,09,5741,09,0521,05,9101,09,7611,27,1691,19,7621,12,4201,09,234

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Annual reports

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