Allied Blenders & Distillers Ltd
Incorporated in 2008, Allied Blenders
and Distillers Ltd manufactures, purchase
and sells Alcoholic Beverages /liquids[1]
- Market Cap ₹ 15,798 Cr.
- Current Price ₹ 565
- High / Low ₹ 720 / 302
- Stock P/E 58.9
- Book Value ₹ 55.7
- Dividend Yield 0.64 %
- ROCE 21.1 %
- ROE 20.0 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 104% CAGR over last 5 years
Cons
- Stock is trading at 10.1 times its book value
- The company has delivered a poor sales growth of 3.28% over past five years.
- Company has a low return on equity of 11.1% over last 3 years.
- Company has high debtors of 181 days.
- Working capital days have increased from 9.33 days to 66.6 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 2,996 | 2,348 | 2,686 | 3,147 | 3,328 | 3,520 | 3,837 | |
| 2,762 | 2,154 | 2,488 | 2,961 | 3,085 | 3,089 | 3,328 | |
| Operating Profit | 234 | 195 | 197 | 186 | 243 | 431 | 509 |
| OPM % | 8% | 8% | 7% | 6% | 7% | 12% | 13% |
| 16 | 19 | 11 | 11 | 1 | 21 | 24 | |
| Interest | 180 | 142 | 146 | 136 | 173 | 126 | 112 |
| Depreciation | 69 | 59 | 59 | 55 | 58 | 61 | 66 |
| Profit before tax | 0 | 13 | 4 | 6 | 13 | 266 | 355 |
| Tax % | -2,948% | 80% | 62% | 73% | 86% | 27% | |
| 13 | 3 | 1 | 2 | 2 | 195 | 261 | |
| EPS in Rs | 0.54 | 0.11 | 0.06 | 0.07 | 0.07 | 6.97 | 9.51 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 52% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 3% |
| 3 Years: | 9% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 104% |
| 3 Years: | 401% |
| TTM: | 136% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 74% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 11% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 47 | 47 | 47 | 49 | 49 | 56 | 56 |
| Reserves | 326 | 328 | 357 | 357 | 358 | 1,487 | 1,502 |
| 1,058 | 981 | 863 | 793 | 835 | 905 | 1,056 | |
| 983 | 952 | 988 | 1,301 | 1,403 | 1,092 | 1,229 | |
| Total Liabilities | 2,414 | 2,308 | 2,255 | 2,500 | 2,645 | 3,540 | 3,843 |
| 636 | 649 | 692 | 575 | 635 | 749 | 735 | |
| CWIP | 48 | 17 | 15 | 14 | 16 | 19 | 129 |
| Investments | 0 | 22 | 0 | 0 | 0 | 0 | 0 |
| 1,730 | 1,620 | 1,548 | 1,910 | 1,995 | 2,771 | 2,979 | |
| Total Assets | 2,414 | 2,308 | 2,255 | 2,500 | 2,645 | 3,540 | 3,843 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 595 | 247 | 179 | 230 | 186 | -678 | |
| -45 | -59 | 53 | -19 | -54 | -182 | |
| -496 | -216 | -256 | -203 | -132 | 922 | |
| Net Cash Flow | 53 | -29 | -24 | 8 | -0 | 61 |
| Free Cash Flow | 548 | 212 | 124 | 210 | 141 | -806 |
| CFO/OP | 255% | 128% | 93% | 126% | 80% | -141% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 114 | 135 | 130 | 111 | 136 | 181 |
| Inventory Days | 151 | 196 | 153 | 190 | 124 | 196 |
| Days Payable | 172 | 267 | 228 | 189 | 204 | 206 |
| Cash Conversion Cycle | 93 | 64 | 54 | 113 | 57 | 172 |
| Working Capital Days | -39 | -52 | -30 | -18 | -20 | 67 |
| ROCE % | 11% | 11% | 12% | 16% | 21% |
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
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Update On Tax Litigation
17 Apr - Subsidiary’s Rs 0.39 crore tax liability plus Rs 0.19 crore interest reduced to zero on April 15, 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16 Apr - ABD Maestro won Distiller of the Year at Icons of Whisky India Awards 2026; Arthaus won Campaign Innovator.
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Announcement under Regulation 30 (LODR)-Cessation
15 Apr - Dr. Pradipta Basu appointed Chief Marketing Officer and SMP from April 15, 2026; two marketing directors cease as SMPs.
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Announcement under Regulation 30 (LODR)-Cessation
15 Apr - Dr. Pradipta Basu appointed CMO and SMP from April 15, 2026; two marketing directors cease SMP status.
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Announcement under Regulation 30 (LODR)-Change in Management
15 Apr - Dr. Pradipta Basu appointed Chief Marketing Officer and SMP from April 15, 2026; two Marketing Directors cease SMP status.
Annual reports
Concalls
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
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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.