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Allied Blenders & Distillers

ABDL NSE
₹697.50 +2.95 (+0.42%)
P/E
88.29
View as Markdown
MCP
Close 4 Nov 2026 ₹697.50 +55.40 +8.63% 1Y
Start ₹642.10

Key Fundamentals

SmallcapBeveragesFMCG

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
18.40%
Debt to Equity
0.69
EPS (TTM)
₹7.90
Book Value
₹58.68
Market Cap
—
P/E (TTM)
88.29
P/B
11.89
ROE
14.30%
Dividend Yield
0.78%
EBITDA
₹568 Cr
52W High
₹766.90
52W Low
₹382.10
Day Range
₹676.00 – ₹703.75
Volume
2,01,204

Peer Comparison

Fast Moving Consumer Goods › Beverages › Breweries & Distilleries

Allied Blenders & Distillers peer comparison
United Spirits
₹1,419.3054.78₹1,00,884 Cr11.391.23%21.40%26.40%₹12,626 Cr₹1,884 Cr
Radico Khaitan
₹4,396.5083.70₹57,961 Cr16.050.21%20.30%24.20%₹6,228 Cr₹704 Cr
United Breweries
₹1,204.5080.51₹32,064 Cr6.980.84%7.69%10.70%₹9,442 Cr₹395 Cr
Allied Blenders & Distillers (this company)
₹697.5088.29₹19,494 Cr11.890.78%14.30%18.40%₹3,979 Cr₹210 Cr
Tilaknagar Industries
₹473.60—₹11,718 Cr3.890.22%12.60%11.40%₹3,016 Cr−₹35 Cr
Piccadily Agro Industries
₹594.3041.68₹5,848 Cr6.500.17%17.40%18.00%₹1,075 Cr₹141 Cr
Globus Spirits
₹669.1019.32₹2,115 Cr1.610.99%8.76%11.20%₹2,799 Cr₹99 Cr
Median 7 companies₹697.5067.65₹19,494 Cr6.980.78%14.30%18.00%₹3,979 Cr₹210 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

53 Average

Data confidence 100/100

Category scores

Quality
63
Good
Returns, margins, earnings quality 22% weight
Valuation
27
Poor
Cheap vs sector & own history 24% weight
Growth
48
Average
Sales & profit trajectory 9% weight
Financial Health
50
Average
Solvency, leverage, coverage 9% weight
Momentum
85
Strong
Trend strength, vol-adjusted 12% weight
Ownership
61
Good
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

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 12.6 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.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish577
OscillatorsBearish270
Moving AveragesStrong Bullish307

Key readings

RSI (14)
50.80
Neutral
MACD (12,26,9)
5.23
Bearish
SMA (50)
670.61
Bullish
SMA (200)
576.75
Bullish

As of

Analyst Rating

Based on 11 analysts
BUY91%

10 of 11 analysts rate Buy, 0 Hold, 1 Sell.

As of

BUY
10
91%
HOLD
0
0%
SELL
1
9%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+10.81%
3Y+7.62%
1Y+11.45%
TTM+7.95%

Net profit

Net profit growth by window
5Y+136.08%
3Y+379.14%
1Y+12.82%
TTM−12.50%

Operating cash flow

Operating cash flow growth by window
5Y+7.94%
3Y+16.32%
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+5.52 pp
3Y+7.91 pp
1Y+1.58 pp
TTM+1.00 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹2,996 Cr
Mar 2021₹2,348 Cr
Mar 2022₹2,686 Cr
Mar 2023₹3,147 Cr
Mar 2024₹3,328 Cr
Mar 2025₹3,520 Cr
Mar 2026₹3,923 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020₹13.00 Cr
Mar 2021₹3.00 Cr
Mar 2022₹1.00 Cr
Mar 2023₹2.00 Cr
Mar 2024₹2.00 Cr
Mar 2025₹195 Cr
Mar 2026₹220 Cr

Analyst Forecasts

Forecast For
Jun 27 consensus · EBITDA
₹116 Cr −19.3% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 28 Oct 2026
AI opinion · based on fundamentals
Risk high

Allied Blenders & Distillers Ltd trades at ₹702.2 as of 2026-10-28 with a market cap of ₹19,641 crore. The stock commands a TTM P/E of 88.89x and P/B of 11.81x, reflecting premium valuations, while the company posts an ROCE of 24.62% and ROE of 13.06% with a debt-to-equity ratio of 0.69.

Bull Case 7
  • Exceptional profit CAGR of 147% over the last 5 years demonstrates a strong earnings trajectory from a low base
  • ROCE stands at 24.62%, indicating efficient deployment of total capital employed in the business
  • Healthy dividend payout ratio of 39.3% signals management confidence in cash flow sustainability, with a current yield of 0.78%
  • Stock has delivered a 1-year CAGR of 36%, rising from a 52-week low of ₹382.1 to the current ₹702.2, reflecting strong market re-rating
  • 3-year and last-year ROE both stand at 14%, showing consistency in return generation for equity holders
  • 5-year compounded sales growth of 11% indicates steady top-line expansion in the competitive Indian spirits market
  • 3-year compounded profit CAGR of 422% reflects a sharp turnaround in profitability over the medium term
Bear Case 6
  • Price-to-book of 11.81x (trading at 12.6 times book value) implies the stock prices in substantial future growth that may not materialise
  • TTM compounded profit growth has turned negative at -7%, suggesting recent earnings momentum is slowing
  • High debtor days of 168 indicate significant working capital locked in receivables, posing cash flow and collection risk
  • TTM sales growth has decelerated to 8%, down from the 5-year CAGR of 11%, pointing to a slowing top-line
  • Debt-to-equity ratio of 0.69 adds financial leverage risk, particularly if earnings growth continues to decelerate
  • TTM EPS of ₹7.9 supports the elevated P/E of 88.89x, meaning any earnings miss could trigger a sharp de-rating

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

AI News Digest

9h ago

TL;DR: ABDL is firing on multiple cylinders — record volumes of 7 million+ cases across Sep-Oct 2026, new manufacturing capacity coming online in Telangana and Moradabad, and a push into super-premium vodka. The only overhang is a minor arbitration dispute with no material financial impact flagged so far. The trend is clearly improving, with volume momentum, vertical integration, and premiumisation all moving in the right direction heading into the peak festive and winter season.

Headwinds 1
  • Arbitration dispute in Bombay HC Nov 03

    Bombay High Court appointed Justice S. C. Gupte as Sole Arbitrator on Oct 30, 2026 for an employment agreement dispute filed by Alok Gupta. Company states no material financial impact currently, but outcome remains uncertain.

Positives 5
  • Record 7M+ cases in Sep-Oct Nov 04

    ABDL posted highest-ever monthly sales of 3.6 million cases in October 2026, following 3.5 million+ cases in September 2026, with combined volumes surpassing 7 million cases across the two months.

  • Sumo Whisky hits millionaire club Nov 04

    Sumo Whisky crossed 1 million annual cases sold, joining the millionaire brand club and broadening ABDL's portfolio of scale brands.

  • Malt distillery live in Telangana Oct 22

    Commercial operations began at the Rangapur malt distillery on Oct 22, 2026 with ~4.4 million BL per annum capacity, strengthening vertical integration for in-house malt spirit supply.

Quarterly Results

₹ Cr
ABDL quarterly results, ₹ crore
Particulars 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 (₹)
−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

Profit & Loss

₹ Cr
ABDL profit and loss, annual, ₹ crore
Particulars 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
125
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 (₹)
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%
—

Balance Sheet

₹ Cr
ABDL balance sheet, annual, ₹ crore
Particulars 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

Cash Flow

₹ Cr
ABDL cash flow, annual, ₹ crore
Particulars 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/EBITDA
255
128
93
126
80
−141
94

Ratios

ABDL financial ratios, annual
Particulars 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%

Insights

Beta

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

Log in to view Allied Blenders & Distillers insights

62 extracted metrics across FY20–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 78.95%
  • Public 7.63%
  • DIIs 6.64%
  • FIIs 4.40%
  • Others 2.38%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about Allied Blenders & Distillers

What does Allied Blenders & Distillers Ltd do?
Incorporated in 2008, Allied Blenders and Distillers Ltd manufactures, purchase and sells Alcoholic Beverages /liquids
Where is Allied Blenders & Distillers Ltd (ABDL) listed?
Allied Blenders & Distillers Ltd trades as ABDL on the NSE and under code 544203 on the BSE.
Which sector does Allied Blenders & Distillers Ltd belong to?
Allied Blenders & Distillers Ltd is classified under the Beverages sector, in the Breweries & Distilleries industry.
What is the PE ratio of Allied Blenders & Distillers Ltd?
Allied Blenders & Distillers Ltd trades at a PE ratio of 88.29 as of 4 Nov 2026, on earnings per share of ₹7.9, against a book value of ₹58.68 per share.
What is the 52-week high and low of Allied Blenders & Distillers Ltd?
Over the last 52 weeks Allied Blenders & Distillers Ltd has traded between ₹382.1 and ₹766.9 as of 4 Nov 2026.
Does Allied Blenders & Distillers Ltd pay dividends?
Allied Blenders & Distillers Ltd has a dividend yield of 0.78%.
What is the Return on Equity (ROE) of Allied Blenders & Distillers Ltd?
Allied Blenders & Distillers Ltd reported a return on equity of 14.30%. Its debt-to-equity ratio is 0.69.

Company Information

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

Website abdindia.com
CEO Mr. Alok Gupta
Employees 902
Listed 2 Jul 2024
Face Value ₹2

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