Allied Blenders & Distillers Ltd
Incorporated in 2008, Allied Blenders and Distillers Ltd manufactures, purchase and sells Alcoholic Beverages /liquids[1]
- Market Cap ₹ 19,655 Cr.
- Current Price ₹ 703
- High / Low ₹ 720 / 382
- Stock P/E 85.8
- Book Value ₹ 59.4
- Dividend Yield 0.77 %
- ROCE 18.4 %
- ROE 14.3 %
- 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 11.8 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 | 3,380 | |
| 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: | 422% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 62% |
| 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 | 1,086 | 1,350 | |
| Total Liabilities | 2,414 | 2,308 | 2,255 | 2,500 | 2,645 | 3,534 | 4,163 |
| 636 | 649 | 692 | 575 | 635 | 749 | 889 | |
| CWIP | 48 | 17 | 15 | 14 | 16 | 19 | 110 |
| Investments | 0 | 22 | 0 | 0 | 0 | 0 | 0 |
| 1,730 | 1,620 | 1,548 | 1,910 | 1,995 | 2,765 | 3,164 | |
| Total Assets | 2,414 | 2,308 | 2,255 | 2,500 | 2,645 | 3,534 | 4,163 |
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 | 221 |
| Days Payable | 172 | 267 | 228 | 189 | 204 | 206 | 235 |
| Cash Conversion Cycle | 93 | 64 | 54 | 113 | 57 | 172 | 154 |
| Working Capital Days | -39 | -52 | -30 | -18 | -20 | 67 | 55 |
| ROCE % | 11% | 11% | 12% | 16% | 21% | 18% |
Insights
In beta| Mar 2018 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| P&A Volume Mix % |
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| Total Sales Volume Million Cases |
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| ICONiQ White Sales Volume Million Cases |
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| Prestige & Above (P&A) Sales Volume Million Cases |
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| Number of Bottling Units Count |
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| Number of Brands in Portfolio Count |
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| Number of Export Countries Count |
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| Retail Touchpoints Count |
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Extracted by Screener AI
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Outcome of AGM 4h
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 4h
- Closure of Trading Window 29 Jun
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Announcement under Regulation 30 (LODR)-Cessation
18 Jun - 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
18 Jun - Monish Bhasin appointed CRO from July 1, 2026; Manoj Kumar Rai resigns June 30, 2026.
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.