Allied Blenders & Distillers Ltd

Allied Blenders & Distillers Ltd

₹ 631 -0.24%
19 Jun - 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 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
771 814 851 895 768 758 868 974 921 919 984 985 993
721 762 780 835 708 683 764 857 785 804 852 838 812
Operating Profit 50 52 71 59 60 74 104 117 136 115 132 147 181
OPM % 6% 6% 8% 7% 8% 10% 12% 12% 15% 12% 13% 15% 18%
1 1 1 -2 3 2 2 4 14 7 5 -1 14
Interest 37 39 43 46 45 44 25 27 28 26 29 25 50
Depreciation 14 12 12 14 16 16 16 12 14 14 14 16 26
Profit before tax 1 2 16 -3 2 17 65 81 108 82 95 106 119
Tax % 147% 184% 29% 43% 64% 26% 26% 28% 25% 26% 25% 26% 52%
-0 -2 12 -4 1 12 48 58 81 61 72 78 57
EPS in Rs -0.01 -0.08 0.48 -0.15 0.02 0.44 1.73 2.09 2.90 2.18 2.57 2.79 2.05
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
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
ICONiQ White Sales Volume
Million Cases
International Presence (Countries)
Countries
Mass Premium Sales Volume
Million Cases
Net Realization Per Case
INR
Number of Bottling Units
Units
Own Grain-based ENA Distillery Capacity
MLPA
Prestige & Above (P&A) Sales Volume
Million Cases
Officer's Choice Mass Premium Market Share
Percentage
Retail Touchpoints Reach
Touchpoints

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
80.91% 80.91% 80.91% 80.91% 80.91% 80.91% 80.91% 80.91%
3.83% 2.83% 2.55% 2.73% 2.82% 2.96% 3.36% 3.23%
3.52% 4.14% 4.01% 4.03% 4.73% 4.56% 4.61% 4.82%
11.73% 12.11% 12.53% 12.33% 11.53% 11.58% 11.12% 11.03%
No. of Shareholders 3,63,0491,21,2821,09,5741,09,0521,05,9101,09,7611,27,1691,19,762

* 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.

Click on the line-items to see the names of individual entities.

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