Allied Blenders & Distillers Ltd logo

Allied Blenders & Distillers Ltd

ABDL NSE

Key Fundamentals

SmallcapBreweries & DistilleriesBeverages
Market Cap
₹16,995 Cr
Volatility
Moderate
P/E Ratio
75.85
EBITDA
₹568 Cr
Return on Equity
13.06%
Debt to Equity
0.69
Book Value
₹59.44
EPS
₹0.7
52W High
₹711.7
52W Low
₹382.1

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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52 extracted metrics + investor summaries across FY09–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company has delivered good profit growth of 147% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 39.3%

Weaknesses

3
  • Stock is trading at 10.1 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.

Growth Rate

Revenue Growth
11.52% ↗
Net Income Growth
12.99% ↘
Cash Flow Change
153.35% ↗
ROE
4.73% ↘
ROCE
6.03% ↗
EBITDA Margin (Avg.)
12.78% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk high

Allied Blenders & Distillers, the maker of Officer's Choice Whisky, trades at a market cap of ~₹17,622 Cr with a P/E of 82.9x and P/B of 10.5x. The company holds an ~11.8% share in the Indian whisky market by volume and has delivered 147% profit CAGR over 5 years, but TTM profit growth has turned negative at -7% and sales growth remains modest at 8% TTM on a revenue base of ~₹3,920 Cr (FY26).

Bull Case 8
  • Delivered exceptional 5-year compounded profit growth of 147% CAGR, indicating strong operating leverage as the business scales
  • Officer's Choice Whisky commands ~20.9% market share in the mass premium whisky segment and ~11.8% overall share in Indian whisky by volume (FY23), providing significant brand moat
  • Maintains a healthy dividend payout ratio of 39.3% with a current yield of 0.87%, demonstrating shareholder-friendly capital allocation
  • FY26 revenue grew 11.45% YoY to ~₹3,923 Cr, re-accelerating from 5.77% growth in FY25, suggesting improving demand trends
  • Q1 FY26 net profit surged 4x YoY to ₹55.83 Cr, with management citing premiumization driving margin expansion and 81.7% EBITDA growth in FY25
  • Active premiumization strategy aims to raise prestige segment contribution to 50%, which should improve margins from historically thin net profit levels
  • Portfolio includes 4 millionaire brands (selling over 1 million cases annually), providing diversified revenue anchors beyond Officer's Choice
  • Stock has delivered 21% returns over the past 1 year, outperforming broader market and reflecting improving fundamentals
Bear Case 8
  • Trades at a P/E of 82.9x, far above the FMCG/beverage sector average, leaving little margin of safety if growth disappoints
  • P/B ratio of 10.5x indicates the stock is priced at a steep premium to book value, implying high expectations already embedded
  • TTM profit growth has turned negative at -7%, and Q4 FY26 net profit fell 52% YoY to ₹37.62 Cr, signaling earnings volatility
  • 5-year compounded sales growth is only ~11% and TTM sales growth is 8%, indicating limited top-line momentum for an 83x P/E stock
  • Debtor days stand at 168 days — extremely high for a consumer goods company — tying up significant working capital and raising collection risk
  • Debt-to-equity ratio is approximately 0.68x (₹11.5B debt vs ₹16.9B equity), adding financial risk in a margin-thin business
  • 3-year ROE of 14% is respectable but not exceptional given the premium valuation; last year ROE was also 14%, showing limited improvement
  • Historically thin net profit margins (~4% in Q4 FY25) leave the company vulnerable to input cost inflation, excise duty changes, or regulatory headwinds

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 4
  • Q1FY27 profit up 11.8% Jul 23

    Standalone net profit rose 11.8% to ₹6,818.97 lakhs in Q1FY27, driven by stable revenue growth and lower finance costs.

  • NCLT approves subsidiary merger Aug 3

    NCLT Hyderabad sanctioned merger of two wholly owned subsidiaries into ABDL effective April 1, 2025. Certified copy received August 3, 2026.

  • ₹1,000 Cr investment plan announced Jul 31

    Company plans ₹1,000 Cr capex to strengthen premium offerings, targeting ₹5,500 Cr revenue by FY28 via premiumisation strategy.

  • New Group CMO appointed Jul 23

    Bikram Basu appointed Group Chief Marketing and Innovation Officer effective August 1, 2026, signalling renewed focus on brand building.

Neutral 3
  • Q1FY27 investor meet scheduled Aug 5

    Investor conference set for August 12, 2026 in Mumbai to discuss Q1FY27 earnings. No UPSI expected.

  • Q1FY27 earnings call held Jul 26

    Earnings conference call conducted July 24, 2026 covering audited standalone and consolidated results for quarter ended June 30, 2026.

  • Subsidiary files ₹34.86 Cr counterclaim Jul 18

    Minakshi Agro Industries LLP filed ₹34.86 Cr counter claim against Mr. Balaji Pawar for breaches. ABDL is only a proforma respondent.

TL;DR: Allied Blenders is executing well with 11.8% profit growth in Q1FY27 and a clear premiumisation roadmap targeting ₹5,500 Cr revenue by FY28. The NCLT-approved merger simplifies corporate structure. No material headwinds are visible currently, though the ₹34.86 Cr subsidiary litigation bears watching. The trend is improving with earnings momentum and strategic investments signalling confidence in medium-term growth.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
814
851
895
768
758
868
974
921
923
990
1,003
1,007
979
Expenses
762
780
836
708
683
764
857
785
811
865
867
838
863
Operating Profit
52
71
59
60
74
103
117
136
112
125
136
169
115
OPM %
6%
8%
7%
8%
10%
12%
12%
15%
12%
13%
14%
17%
12%
Other Income
1
1
-2
2
2
2
3
14
7
5
-2
13
5
Interest
39
43
46
45
44
25
27
28
27
30
26
51
29
Depreciation
13
12
14
19
16
16
13
16
16
16
18
29
23
PBT
1
16
-3
-1
16
64
80
106
76
84
89
103
68
Tax %
286%
29%
33%
70%
28%
26%
28%
26%
26%
25%
28%
63%
33%
Net Profit
-3
11
-4
-2
11
48
57
79
56
63
64
38
45
EPS in Rs
-0.11
0.46
-0.18
-0.1
0.4
1.7
2.05
2.81
2.02
2.3
2.38
1.46
1.76
Figures in ₹ Crores

Profit & Loss

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,996
2,348
2,686
3,147
3,328
3,520
3,923
3,979
Expenses
2,762
2,154
2,488
2,961
3,085
3,089
3,380
3,433
Operating Profit
234
195
197
186
243
431
542
546
OPM %
8%
8%
7%
6%
7%
12%
14%
14%
Other Income
16
19
11
11
1
21
23
21
Interest
180
142
146
136
173
126
135
137
Depreciation
69
59
59
55
58
61
79
86
PBT
0
13
4
6
13
266
351
343
Tax %
-2948%
80%
62%
73%
86%
27%
37%
—
Net Profit
13
3
1
2
2
195
220
210
EPS in Rs
0.54
0.11
0.06
0.07
0.07
6.97
8.16
7.9
Div. Payout %
0%
0%
0%
0%
0%
52%
66%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
47
47
47
49
49
56
56
Reserves
326
328
357
357
358
1,487
1,607
Borrowings
1,058
981
863
793
835
905
1,151
Other Liabilities
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
Fixed Assets
636
649
692
575
635
749
889
CWIP
48
17
15
14
16
19
110
Investments
0
22
0
0
0
0
0
Other Assets
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
Figures in ₹ Crores

Cash Flow

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
595
247
179
230
186
-678
362
Investing
-45
-59
53
-19
-54
-182
-331
Financing
-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
Figures in ₹ Crores

Ratios

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Shareholding Pattern

As of Jun 2026
Promoters 80.91%
Public 8.45%
DIIs 5.07%
FIIs 3.24%
Others 2.33%
Total 100.00%
  Jun 2022Jun 2023Jan 2024Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
100.00%
100.00%
100.00%
80.91%
80.91%
80.91%
80.91%
80.91%
80.91%
80.91%
80.91%
80.91%
80.91%
FIIs
0.00%
0.00%
0.00%
3.83%
3.83%
2.83%
2.55%
2.73%
2.82%
2.96%
3.35%
3.23%
3.24%
DIIs
0.00%
0.00%
0.00%
5.70%
5.70%
4.14%
4.00%
4.03%
4.74%
4.56%
4.61%
4.82%
5.07%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
0.00%
0.00%
9.52%
9.52%
7.96%
8.49%
8.15%
8.14%
8.46%
8.81%
8.60%
8.45%
Others
0.00%
0.00%
0.00%
0.04%
0.04%
4.15%
4.05%
4.17%
3.39%
3.11%
2.32%
2.43%
2.33%
No. of Shareholders
7
7
7
3,63,049
7
1,21,282
1,09,574
1,09,052
1,05,910
1,09,761
1,27,169
1,19,762
1,12,420

Documents

Frequently Asked Questions about Allied Blenders & Distillers Ltd

What does Allied Blenders & Distillers Ltd do?
Incorporated in 2008, Allied Blenders and Distillers Ltd manufactures, purchase and sells Alcoholic Beverages /liquids[1]
Where is Allied Blenders & Distillers Ltd (ABDL) listed?
Allied Blenders & Distillers Ltd is listed on the Indian stock exchanges. It is listed on NSE: ABDL and BSE: 544203. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Allied Blenders & Distillers Ltd belong to?
Allied Blenders & Distillers Ltd operates in the Beverages sector within the Breweries & Distilleries industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Allied Blenders & Distillers Ltd?
Allied Blenders & Distillers Ltd has a market capitalisation of approximately ₹16995.19 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Allied Blenders & Distillers Ltd?
The Price-to-Earnings (PE) ratio of Allied Blenders & Distillers Ltd is 75.85. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Allied Blenders & Distillers Ltd?
Over the past 52 weeks, Allied Blenders & Distillers Ltd has traded between a low of ₹382.1 and a high of ₹711.7. This range helps investors understand the stock's price volatility and recent trading levels.
Does Allied Blenders & Distillers Ltd pay dividends?
Yes, Allied Blenders & Distillers Ltd has a dividend yield of 0.89%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Allied Blenders & Distillers Ltd?
Allied Blenders & Distillers Ltd has a Return on Equity (ROE) of 13.06%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Allied Blenders & Distillers Ltd on Tapetide?
On Tapetide, you can view Allied Blenders & Distillers Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Incorporated in 2008, Allied Blenders and Distillers Ltd manufactures, purchase and sells Alcoholic Beverages /liquids[1]

Website abdindia.com
CEO Mr. Alok Gupta
Employees 902
Listed 2024-07-02
Face Value ₹ 2
Issued Size 27,97,10,151

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