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 85.3
  • Book Value ₹ 58.7
  • 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 12.0 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
851 895 768 758 868 974 921 923 990 1,003 1,007 979 1,148
780 836 708 683 764 857 785 811 865 867 838 863 1,009
Operating Profit 71 59 60 74 103 117 136 112 125 136 169 115 139
OPM % 8% 7% 8% 10% 12% 12% 15% 12% 13% 14% 17% 12% 12%
1 -2 2 2 2 3 14 7 5 -2 13 5 4
Interest 43 46 45 44 25 27 28 27 30 26 51 29 28
Depreciation 12 14 19 16 16 13 16 16 16 18 29 23 18
Profit before tax 16 -3 -1 16 64 80 106 76 84 89 103 68 97
Tax % 29% 33% 70% 28% 26% 28% 26% 26% 25% 28% 63% 33% 29%
11 -4 -2 11 48 57 79 56 63 64 38 45 69
EPS in Rs 0.46 -0.18 -0.10 0.40 1.70 2.05 2.81 2.02 2.30 2.38 1.46 1.76 2.56
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
2,996 2,348 2,686 3,147 3,328 3,520 3,923 4,137
2,762 2,154 2,488 2,961 3,085 3,089 3,380 3,577
Operating Profit 234 195 197 186 243 431 542 559
OPM % 8% 8% 7% 6% 7% 12% 14% 14%
16 19 11 11 1 21 23 20
Interest 180 142 146 136 173 126 135 134
Depreciation 69 59 59 55 58 61 79 88
Profit before tax 0 13 4 6 13 266 351 357
Tax % -2,948% 80% 62% 73% 86% 27% 37%
13 3 1 2 2 195 220 216
EPS in Rs 0.54 0.11 0.06 0.07 0.07 6.97 8.16 8.16
Dividend Payout % 0% 0% 0% 0% 0% 52% 66%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 8%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 147%
3 Years: 422%
TTM: -10%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 8%
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 Sep 2026
Equity Capital 47 47 47 49 49 56 56 56
Reserves 326 328 357 357 358 1,487 1,607 1,586
1,058 981 863 793 835 905 1,151 1,394
983 952 988 1,301 1,403 1,086 1,350 1,459
Total Liabilities 2,414 2,308 2,255 2,500 2,645 3,534 4,163 4,495
636 649 692 575 635 749 889 875
CWIP 48 17 15 14 16 19 110 330
Investments 0 22 0 0 0 0 0 0
1,730 1,620 1,548 1,910 1,995 2,765 3,164 3,290
Total Assets 2,414 2,308 2,255 2,500 2,645 3,534 4,163 4,495

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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 255% 128% 93% 126% 80% -141% 94%

Ratios

Consolidated / 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 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.

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

Documents

Annual reports

Concalls