Allied Blenders & Distillers Ltd
Incorporated in 2008, Allied Blenders
and Distillers Ltd manufactures, purchase
and sells Alcoholic Beverages /liquids[1]
- Market Cap ₹ 14,847 Cr.
- Current Price ₹ 531
- High / Low ₹ 720 / 382
- Stock P/E 64.5
- Book Value ₹ 59.4
- Dividend Yield 1.00 %
- ROCE 18.4 %
- ROE 14.4 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 147% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 39.3%
Cons
- Stock is trading at 8.91 times its book value
- The company has delivered a poor sales growth of 10.8% over past five years.
- Company has high debtors of 168 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 2,996 | 2,348 | 2,686 | 3,147 | 3,328 | 3,520 | 3,923 | |
| 2,762 | 2,154 | 2,488 | 2,961 | 3,085 | 3,089 | 3,381 | |
| Operating Profit | 234 | 195 | 197 | 186 | 243 | 431 | 542 |
| OPM % | 8% | 8% | 7% | 6% | 7% | 12% | 14% |
| 16 | 19 | 11 | 11 | 1 | 21 | 23 | |
| Interest | 180 | 142 | 146 | 136 | 173 | 126 | 135 |
| Depreciation | 69 | 59 | 59 | 55 | 58 | 61 | 79 |
| Profit before tax | 0 | 13 | 4 | 6 | 13 | 266 | 351 |
| Tax % | -2,948% | 80% | 62% | 73% | 86% | 27% | 37% |
| 13 | 3 | 1 | 2 | 2 | 195 | 220 | |
| EPS in Rs | 0.54 | 0.11 | 0.06 | 0.07 | 0.07 | 6.97 | 8.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 52% | 66% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 8% |
| TTM: | 11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 147% |
| 3 Years: | 423% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 34% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 14% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 47 | 47 | 47 | 49 | 49 | 56 | 56 |
| Reserves | 326 | 328 | 357 | 357 | 358 | 1,487 | 1,607 |
| 1,058 | 981 | 863 | 793 | 835 | 905 | 1,151 | |
| 983 | 952 | 988 | 1,301 | 1,403 | 1,092 | 1,341 | |
| Total Liabilities | 2,414 | 2,308 | 2,255 | 2,500 | 2,645 | 3,540 | 4,154 |
| 636 | 649 | 692 | 575 | 635 | 749 | 890 | |
| CWIP | 48 | 17 | 15 | 14 | 16 | 19 | 109 |
| Investments | 0 | 22 | 0 | 0 | 0 | 0 | 0 |
| 1,730 | 1,620 | 1,548 | 1,910 | 1,995 | 2,771 | 3,155 | |
| Total Assets | 2,414 | 2,308 | 2,255 | 2,500 | 2,645 | 3,540 | 4,154 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 595 | 247 | 179 | 230 | 186 | -678 | 362 | |
| -45 | -59 | 53 | -19 | -54 | -182 | -331 | |
| -496 | -216 | -256 | -203 | -132 | 922 | 10 | |
| Net Cash Flow | 53 | -29 | -24 | 8 | -0 | 61 | 41 |
| Free Cash Flow | 548 | 212 | 124 | 210 | 141 | -806 | 16 |
| CFO/OP | 255% | 128% | 93% | 126% | 80% | -141% | 94% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 114 | 135 | 130 | 111 | 136 | 181 | 168 |
| Inventory Days | 151 | 196 | 153 | 190 | 124 | 196 | 128 |
| Days Payable | 172 | 267 | 228 | 189 | 204 | 206 | 137 |
| Cash Conversion Cycle | 93 | 64 | 54 | 113 | 57 | 172 | 158 |
| Working Capital Days | -39 | -52 | -30 | -18 | -20 | 67 | 54 |
| ROCE % | 11% | 11% | 12% | 16% | 21% | 18% |
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
- Announcement under Regulation 30 (LODR)-Newspaper Publication 2d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 May - Company held 4QFY26 earnings call on May 15, 2026; audio recording is available on website.
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Disclosure Under Regulation 23(9) Of The SEBI (LODR), Regulations 2015
15 May - Disclosure of related party transactions for half-year ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
15 May - Q4 and FY26 Earnings Presentation on the Audited Financial Results (Standalone and Consolidated) of the Company for the Quarter and Financial Year ended 31.03.2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 May - FY26 audited results: EBITDA ₹568 crore, PAT ₹220 crore; board recommends 270% dividend.
Annual reports
Concalls
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May 2026TranscriptPPT 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
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.