Allied Blenders & Distillers logo

Allied Blenders & Distillers

ABDL NSE

Key Fundamentals

SmallcapBreweries & DistilleriesBeverages
Market Cap
₹16,920 Cr
Volatility
Moderate
P/E Ratio
80.06
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

Tapetide Score

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

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 10.6 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.

Growth Rate

Revenue Growth
11.52% higher than 3Y
Net Income Growth
12.99% lower than 3Y
Cash Flow Change
153% higher than 3Y
ROE
4.73% lower than 3Y
ROCE
6.03% higher than 3Y
EBITDA Margin (Avg.)
12.78% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

Allied Blenders & Distillers Ltd (ABDL) is a mid-cap Indian spirits company with a market capitalization of ₹16,920 Cr, trading at a PE of 81.5x and a PB of 10.3x. The company has delivered strong profit CAGR of 147% over five years but sales growth has been modest at 11% CAGR over the same period, with TTM profit growth turning negative at -7%.

Bull Case 7
  • Compounded profit growth of 147% CAGR over five years signals a significant earnings turnaround from a low base
  • Healthy dividend payout ratio of 39.3% indicates management commitment to returning capital to shareholders
  • Dividend yield of 0.88% is reasonable for the Indian alcoholic beverages sector, which typically pays low dividends
  • 3-year ROE of 14% and last year ROE of 14% show consistency in return generation
  • 3-year compounded profit growth of 422% CAGR demonstrates a sharp acceleration in profitability
  • Stock has delivered 16% returns over the past one year, outperforming broader market volatility
  • 5-year compounded sales growth of 11% provides a stable revenue base in a sector with long-term structural tailwinds in India
Bear Case 8
  • PE ratio of 81.5x is significantly elevated, implying high earnings expectations already priced in
  • Price-to-book of 10.3x is steep and leaves limited margin of safety for investors
  • TTM profit growth has turned negative at -7%, suggesting recent earnings momentum is fading
  • Sales growth of only 8% on a TTM basis indicates a deceleration from the 5-year CAGR of 11%
  • Debtor days of 168 are very high, pointing to potential working capital stress and collection risk
  • 5-year sales CAGR of only 10.8% is modest for a company valued at 81.5x earnings
  • ROE has remained flat at 14% over the last one and three years despite the profit surge, suggesting capital efficiency has not meaningfully improved
  • Debt-to-equity ratio is unavailable, limiting visibility into the company's leverage and balance sheet risk

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Positives 7
  • Malaysia co-bottling expansion launched Aug 24

    ABDL launched its first international local production arrangement in Malaysia for Officer's Choice Blue via an asset-light co-bottling model, targeting a market growing mid-teens annually. Shares surged 3.35% to ₹614.80 on the announcement.

  • Q1 FY27 profit up 12% Aug 24

    Standalone net profit grew 11.95% YoY to ₹68.19 crore in Q1 FY27, while total income rose 1.18% YoY to ₹1,800.28 crore. Net debt reduced by ₹33 crore to ₹947 crore as of June 30, 2026.

  • Credit rating upgraded to AA- Aug 19

    India Ratings upgraded ABDL's long-term bank facilities rating to IND AA- (Stable) from IND A on August 19, 2026, citing improved operating resilience.

  • Officer's Choice Blue relaunched Sep 1

    ABDL unveiled premium packaging for Officer's Choice Blue whisky, rolling out first in Uttar Pradesh and Maharashtra to strengthen its flagship brand positioning.

  • Premium whisky The Indian Edit launched Sep 11

    ABDL launched 'The Indian Edit' premium whisky on September 11, priced at ₹1,550 for 750ml in Maharashtra, blending Indian malt and grain spirits with Scotch malts for premiumization push.

  • ₹125 crore malt distillery approved Sep 11

    Board approved ₹125 crore investment for a 3 million litre malt distillery in Aurangabad via subsidiary Minakshi Agro, expanding backward integration capacity.

  • Global reach targeting 60-70 countries Aug 24

    ABDL aims to scale from 39 international markets to 60-70 countries over the next three years, having more than doubled its global reach in the past two years.

Neutral 1
  • Investor meets and roadshows scheduled Aug 19

    ABDL scheduled multiple investor engagements including a non-deal roadshow in Singapore and Hong Kong (Aug 25-28), analyst meet on Aug 28, Elara conference on Sep 1, and Jefferies India Forum on Sep 18. All focused on Q1 FY27 earnings with no UPSI disclosure.

TL;DR: ABDL is executing well on multiple fronts — premiumization via new launches (The Indian Edit, Officer's Choice Blue relaunch), international expansion through an asset-light Malaysia co-bottling model, and backward integration with a ₹125 crore malt distillery. Financials are solid with 12% profit growth, debt reduction, and a two-notch credit upgrade to IND AA-. No material headwinds are visible in recent news, though revenue growth of just 1.18% YoY bears watching. The trend is clearly improving with strong international ambitions and active investor engagement signaling confidence in the growth trajectory.

Quarterly Results

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 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

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
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

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
Figures in ₹ Crores

Cash Flow

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/OP
255
128
93
126
80
-141
94
Figures in ₹ Crores

Ratios

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

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63 extracted metrics + investor summaries across FY09–FY27.

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Shareholding Pattern

Others2.33%Promot.80.91%FIIs3.24%DIIs5.07%Public8.45%As ofJun 2026

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[1]
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 market capitalisation of Allied Blenders & Distillers Ltd?
Allied Blenders & Distillers Ltd has a market capitalisation of ₹16,920 Cr, which places it in the Mid Cap band.
What is the PE ratio of Allied Blenders & Distillers Ltd?
Allied Blenders & Distillers Ltd trades at a PE ratio of 80.06, on earnings per share of ₹0.7, against a book value of ₹59.44 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 ₹711.7.
Does Allied Blenders & Distillers Ltd pay dividends?
Allied Blenders & Distillers Ltd has a dividend yield of 0.88%.
What is the Return on Equity (ROE) of Allied Blenders & Distillers Ltd?
Allied Blenders & Distillers Ltd reported a return on equity of 13.06%. 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[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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