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Allied Blenders And Distillers Ltd (ABDL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544203 NSE: ABDL Breweries & Distilleries | Small Cap | Allied Blenders&Dist Share Price

₹627.70 6.55 (1.05%)

As on 24-Jun'26 16:59

Allied Blenders And Distillers Ltd (ABDL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544203 NSE: ABDL Breweries & Distilleries | Small Cap | Allied Blenders&Dist Share Price

₹627.70 6.55 (1.05%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹17,557 Cr.
Current Price
₹627.7
52-Week Low / High
₹383 / 720
TTM EPS
₹9.6
TTM Sales
₹3,880 Cr.
Book Value per Share
₹62.2
P/E Ratio
65.43
Industry PE
57.3
Price to Book (P/B)
10.09
Higher than its 3-year historical median
Price to Sales (P/S)
4.52
Higher than its 3-year historical median
EV/EBITDA
30.63
Higher than its 3-year historical median
Dividend Yield
0.86%
Profitability Efficiency
Return on Equity (ROE)
16.19%
Outperforms industry median
Return on Capital Employed (ROCE)
19.97%
Outperforms industry median
Return on Assets (ROA)
6.72%
Operating Profit Margin
14.8%
Net Profit Margin
6.92%
Gross Profit Margin
6.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
10.24%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
33.3%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
34.08%
Asset Quality
Promoter Holding
80.91%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,684 Cr.
Equity
₹55.9 Cr.
Face Value
₹2
All Time Low / High
₹278.90 / 719.95

Allied Blenders And Distillers stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Allied Blenders And Distillers Ltd a good quality company?
Allied Blenders And Distillers Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Allied Blenders And Distillers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Allied Blenders And Distillers Ltd vs industry peers?
Allied Blenders And Distillers Ltd revenue CAGR is 3.27%, compared to the industry median CAGR of 15.31%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Allied Blenders And Distillers Ltd?
Promoters hold 80.91% of the Allied Blenders And Distillers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Allied Blenders And Distillers Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of 35.24% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Allied Blenders And Distillers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 11.1%12.8%14%12%11.5%11.9%11.8%15.6%21.3%20%-
Value Creation
Index
-0.2-0.10.0-0.1-0.2-0.1-0.20.10.60.5-

Growth Parameters

Sales 2,0122,5943,0672,9962,3482,6863,1473,3283,5203,8803,880
Sales YoY Gr.-28.9%18.2%-2.3%-21.6%14.4%17.2%5.8%5.8%10.2%-
Adj EPS 00.41.10.50.20.10.30.47.19.59.6
YoY Gr.-1100%216.7%-53.5%-69.8%-25%158.3%32.3%1631.7%33.9%-
BVPS (₹) 49.31212.616.116.417.817.417.656.362.262.2
Adj Net
Profit
0.28.52712.53.72.97.510199266268
Cash Flow from Ops. 18311.2157592247185230186-676453-
Debt/CF from Ops. 4.9106.38.51.73.94.53.44.4-1.32.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.6%10.6%7.2%10.2%
Adj EPS 89.6%126.4%213%33.9%
BVPS2.6%30.6%53%10.5%
Share Price - - - 46.2%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
0.12.89.33.710.71.82.319.81615.4
Op. Profit
Mgn %
9.39.19.97.88.37.366.912.314.87.7
Net Profit
Mgn %
00.30.90.40.20.10.20.35.66.96.9
Debt to
Equity
2.84.24.52.72.421.81.90.60.70.1
Working Cap
Days
936069809480879110814165
Cash Conv.
Cycle
5-154-13-16613387716

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,0122,5943,0672,9962,3482,6863,1473,3283,5203,880
Operating Expenses + 1,8262,3582,7692,7622,1562,4902,9603,0993,0883,304
Manufacturing Costs5619981,2141,1289149811,1381,0951,2241,164
Material Costs6147637919286608581,0951,2601,0911,270
Employee Cost 165166176178172193185175167199
Other Costs 485431588528410458543569606670
Operating Profit 187237298234192196186229432576
Operating Profit Margin (%) 9.3%9.1%9.7%7.8%8.2%7.3%5.9%6.9%12.3%14.8%
Other Income + 11211217241512222129
Exceptional Items -10-180000-50-3
Interest 121148187180142145135173125130
Depreciation 72867569585754555769
Profit Before Tax 424303168918271403
Tax 21320-1210241171134
Profit After Tax 21110156657200268
PAT Margin (%) 0.1%0.4%0.3%0.5%0.2%0.2%0.2%0.2%5.7%6.9%
Adjusted EPS (₹)0.30.50.40.60.20.30.20.37.29.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%50.30%56.30%

Valuation of Allied Blenders&Dist - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3252832973873924194244301,5741,740
Share Capital 47474754544749495656
Reserves 2792362503333383723763811,5181,684
Debt +8151,0731,2269568607537267748661,059
Long Term Debt34633026824820118313919194260
Short Term Debt469744958708658570587583772799
Minority Interest0000000000
Trade Payables209330411433485538568704601771
Others Liabilities 356521698667609589835811630747
Total Liabilities 1,7062,2082,6332,4432,3452,2982,5532,7193,6724,317

Fixed Assets

Net Fixed Assets +639677650621635594562540584715
Gross Block7839079469701,0391,0441,0661,0921,1881,360
Accumulated Depreciation144230296350404450504552605645
CWIP 68133143131110121593
Investments 68222477389181323
Inventories172305417370346352559419566712
Trade Receivables3319301,1399358679549581,2441,7471,769
Cash Equivalents 29254310370535375116160
Others Assets 461250351370390258410341464546
Total Assets 1,7062,2082,6332,4432,3452,2982,5532,7193,6724,317

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 18311157592247185230186-676453
PBT 424303168918271403
Adjustment 193224286251201214193243171203
Changes in Working Capital 1-217-15334233-3132-66-1048-5
Tax Paid -15-20-7-4-2-6-4-8-70-149
Cash Flow From Investing Activity + -77-72-161-43-5944-27-59-185-412
Capex -83-71-157-44-35-20-20-45-123-271
Net Investments 4-5-7-1-28-49-9-16100
Others 1432311322-72-141
Cash Flow From Financing Activity + -1115910-496-217-254-195-128922-1
Net Proceeds from Shares 0075000009760
Net Proceeds from Borrowing 00-78-58-25-32-7451-115205
Interest Paid -112-144-183-175-143-148-136-172-125-130
Dividend Paid 000000000-101
Others 2203197-264-49-7516-718624
Net Cash Flow -5-1653-29-259-06040

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)0.633.813.554.41.491.471.171.5719.9716.19
ROCE (%)11.0512.7614.0412.0111.4511.8511.8115.621.3119.97
Asset Turnover Ratio2.513.813.73.22.673.112.942.922.531.89
PAT to CFO Conversion(x)91.5115.739.4741.1730.834626.57-3.381.69
Working Capital Days
Receivable Days27.6030.9042.2046.6051.4046.104952.2067.4085.20
Inventory Days11.8011.7014.7017.7020.4017.7023.4023.2022.2031
Payable Days99.70129171166253.60217.40167.60140.10135.9091.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Allied Blenders And Distillers Ltd FAQs

The current trading price of Allied Blenders&Dist on 24-Jun-2026 16:59 is ₹627.7.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Jun-2026 the market cap of Allied Blenders&Dist stood at ₹17,557.4 Cr

The latest P/E ratio of Allied Blenders&Dist as of 23-Jun-2026 is 65.43.

The latest P/B ratio of Allied Blenders&Dist as of 23-Jun-2026 is 10.09.

The 52-week high of Allied Blenders&Dist is ₹720.0 and the 52-week low is ₹382.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Allied Blenders&Dist is ₹3,880 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Allied Blenders And Distillers Ltd is a average quality company.

The key valuation ratios of Allied Blenders And Distillers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Allied Blenders And Distillers Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Allied Blenders And Distillers Ltd

The company was incorporated as ‘You and Me Properties Private Limited’, pursuant to a certificate of incorporation dated October 8, 2008, issued by the RoC. The name of the company was changed to ‘Moonlight Blenders and Distillers Private Limited’, and a fresh certificate of incorporation dated July 22, 2009 was issued by the RoC. Pursuant to a scheme of amalgamation between Allied Blenders and Distillers Private Limited, its Own Properties Private Limited and the Company, the erstwhile name of which was Moonlight Blenders and Distillers Private Limited, dated April 1, 2009, and an order of the Bombay High Court dated February 5, 2010, the entire business undertakings of Allied Blenders and Distillers Private Limited and its Own Properties Private Limited were transferred to the company the erstwhile name of which was Moonlight Blenders and Distillers Private Limited. Consequently, the name of the company was changed to ‘Allied Blenders and Distillers Private Limited’, and a fresh certificate of incorporation dated April 30, 2010, was issued by the RoC. Subsequently, pursuant to a resolution of its Board dated June 2, 2022 and a resolution of its Shareholders dated June 4, 2022, the company was converted from a private company to a public company and consequently, its name was changed from ‘Allied Blenders and Distillers Private Limited’ to ‘Allied Blenders and Distillers Limited’, and a fresh certificate of incorporation under the Companies Act, 2013 was issued upon a change in name by the RoC on June 8, 2022.

The company is the largest Indian-owned Indian-made foreign liquor (IMFL) company and the third largest IMFL company in India, in terms of annual sales volumes between Fiscal 2014 and Fiscal 2022. It is one of the only four spirits companies in India with a pan-India sales and distribution footprint, and a leading exporter of IMFL. The company’s flagship brand, Officer’s Choice Whisky was launched in 1988 with its entry into the mass premium whisky segment. Officer’s Choice Whisky has been among the top selling whisky brands globally in terms of annual sales volumes between 2016 and 2019. Over the years, it has expanded and introduced products across various categories and segments. As of December 31, 2023, its product portfolio comprised 16 major brands of IMFL across whisky, brandy, rum and vodka. Certain of its brands, such as, Officer’s Choice Whisky, Sterling Reserve, Officer’s Choice Blue and ICONiQ Whisky, are ‘Millionaire Brands’ or brands that have sold over a million 9-litre cases in one year. The company’s product range includes five main categories of IMFL, i.e., whisky, brandy, rum, vodka and gin. It also sells packaged drinking water under its Officer’s Choice, Officer’s Choice Blue and Sterling Reserve brands.

The company’s pan-India distribution network has enabled it to support the growth in annual sales volumes of its products. Its industry position, strength of its brands, its pan-India sales footprint and logistics arrangements have further consolidated its position leading to significant business growth and financial performance. The company owns and operates its distillery located in Rangapur, Telangana that is spread over 74.95 acres with a built-up area of over 25,000 square meters. 

Business area of the company

Allied Blenders and Distillers is an Indian-made foreign liquor company. The company offers four Indian-made foreign liquor categories: whisky, brandy, rum, and vodka. In addition, it sells packaged drinking water under the Officer's Choice, Officer's Choice Blue, and Sterling Reserve brands.  Over the years, the company has introduced contemporary brands that appeal to consumer tastes and preferences. 

Key awards, accreditations or recognitions

  • 2019: The company’s brand, Sterling Reserve was awarded a Gold in the Social Media – Alcoholic drinks category for Sterling Reserve project at the Afaqs Great Lifestyle Brands Awards.
  • 2019: The company’s brand, Sterling Reserve Premium Whiskies was recognised as the World’s Fastest Growing Spirits Brand by, Drinks International.
  • 2020: The company’s marketing effort, Sterling Reserve Music Project was awarded a Silver YouTube Creator Award.
  • 2020: The company’s brand, Sterling Reserve Premium Whiskies was recognised as Brand Champion – Indian Whisky by celebrated international industry publication The Spirits Business
  • 2020: The company’s brand, Sterling Reserve Premium Whiskies was awarded the Best New Marketing Campaign Award at The Spirits Business Awards. 
  • 2020: The company’s brand, Officer’s Choice Blue was awarded Gold in the Promotion & Activation of the YearDigital category for the IPL Digital Dugout at Spiritz Achievers’ Awards. 
  • 2021: The company’s brand, Sterling Reserve Blend 10 was rated as a ‘Remarkable Product’ at the Superior Taste Award by International Taste Institute, Brussels.
  • 2021: The company’s brands, Sterling Reserve Blend 7, Kyron Premium Brandy and Officer’s Choice Blue were rated as ‘Notable Product’ at the Superior Taste Award by International Taste Institute, Brussels. 
  • 2021: The company’s brand, Sterling Reserve Premium Whiskies was awarded Gold in the Best Content Marketing category, for Sterling Reserve Projects, at the Adgully Digixx Awards.
  • 2021: The company’s brand, Officer’s Choice Blue was awarded a Silver in the Best Use of Facebook category by Afaqs Marketers Excellence Awards.
  • 2021: The company’s brand, Sterling Reserve Premium Whiskies was recognised as Brand Champion – Indian Whisky by The Spirits Business.
  • 2021: The company’s brands, Officer’s Choice Blue and Sterling Reserve Blend 10 were awarded Spirit Bronze Medal at the International Wine & Spirits Competition.
  • 2021: The company’s brand, Sterling Reserve Blend 10, was awarded a Gold at the Design and Packaging Masters for its limited edition pack – The Earth Edition. 
  • 2021: The company’s brand, Sterling Reserve Blend 7, was awarded a Gold at the Design and Packaging Masters for its limited edition pack – The Gaming Pack. 
  • 2021: The company’s brand, Officer’s Choice Blue, was awarded a Silver at the Design and Packaging Masters for its packaging redesign.
  • 2022: The company’s brand, Sterling Reserve Premium Whiskies was awarded a Gold for its marketing campaigns in the Food & Beverages category at the DMAasia CREATEFFECT ECHO Awards.
  • 2022: The company was recognised amongst the “Top-Most Green Companies” at the Golden Globe Tigers Awards.
  • 2022: The company’s brands, IconiQ White and Srishti, were awarded a Gold under the “Brand Promotion of the Year – Digital” category at the Spiritz Achievers’ Awards, 2022.
  • 2022: The company’s brands, Officer’s Choice Blue and Sterling Reserve were awarded a Gold under the “Brand Promotion of the Year – Ground” category at the Spiritz Achievers’ Awards, 2022.
  • 2022: The company’s product, Officer’s Choice Whiskey, was awarded “Product of the Year”, under the whiskey category, at the Channelier FMCG Awards, 2022. 
  • 2022: The company’s brand, Sterling Reserve, was awarded “Brand of the Year”, under the whiskey category, at the Channelier FMCG Awards, 2022.
  • 2022: The company was awarded the “Company of the Year” at the Outlook Business Spotlight’s Business Icon Awards, 2022.
  • 2023: The company’s product, ICONiQ White Whisky, won the gold award for the fastest growing brand at the Spiritz Achiever’s Awards, 2023
  • 2023: The company’s product, X&O Barrel Whisky, won the gold award for the product debut of the year (whisky) at the Spiritz Achiever’s Awards, 2023
  • 2023: The company’s product, Sterling Reserve Premium Cellar Brandy, won the gold award for the product debut of the year (brandy) at the Spiritz Achiever’s Awards, 2023
  • 2023: The company’s product, Officer’s Choice Whisky, won the gold award for brand promotion ground space at the Spiritz Achiever’s Awards, 2023
  • 2023: The company’s product, Sterling Reserve Premium Cellar Brandy and Srishti Premium Blended Whisky, won the gold award for liquid tasting at the Spiritz Achiever’s Awards, 2023
  • 2023: The company’s product, ICONiQ White Whisky, won the gold award for packaging at the Spiritz Achiever’s Awards, 2023.
  • 2024: At Ambrosia Awards, INDSPIRIT 2024, the company’s products, Srishti Premium Whisky was awarded the ‘Best IMFL Popular Whisky’ and Zoya Special Batch Gin was awarded the ‘New Product of the Year’.
  • 2024: Zoya Special Batch Premium Gin was awarded the Campaign Innovator of the Year at the Icons of Gin India 2024.

Major events and milestones

  • 1988: Launch of Officer’s Choice Whisky.
  • 2008: Incorporation of the company as ‘You and Me Properties Private Limited.’
  • 2009: The name of the company was changed to ‘Moonlight Blenders and Distillers Private Limited’.
  • 2010: The name ‘Moonlight Blenders and Distillers Private Limited’ was changed to Allied Blenders and Distillers Private Limited.
  • 2010: Launched the brand ‘Jolly Roger’.
  • 2011: Launched the brand ‘Officer’s Choice Blue.’
  • 2012: Launched ‘Kyron’ in the premium brandy segment.
  • 2015: Wales Distillers Private Limited, the company’s erstwhile wholly-owned subsidiary, was amalgamated into the company.
  • 2017: Launched ‘Sterling Reserve Blend 7’ and ‘Sterling Reserve Blend 10’ in the premium blended whisky segments.
  • 2017: Unokoti Bottling and Beverages Private Limited, the company’s erstwhile wholly-owned subsidiary, was amalgamated into the company.
  • 2017: Demerged the bottling and distillery business undertaking from Tracstar Investment Private Limited, the company’s group company, into the company.
  • 2018: Erstwhile BKCEPL, was amalgamated into the company.
  • 2018: Sterling Reserve crossed the 1.2 million cases, according to the Millionaire’s Club Report by Drinks International making it a millionaire brand in the first year of launch.
  • 2019: Officer’s Choice franchise crossed the 34 million sales mark making it the world’s largest selling whisky for 6 years in a row as per Millionaire’s Club Reports by Drinks International.
  • 2020: Sterling Reserve Blend 7 became the 3rd largest selling brand in the semi-premium whisky segment, as per the Technopack Report.
  • 2020: Henkell & Company India Private Limited, the company’s erstwhile wholly-owned subsidiary, was amalgamated into the company.
  • 2020: Sterling Reserve was ranked as the fastest growing spirits brand by the Millionaire’s Club Report 2020 by Drinks International.
  • 2023: ICONiQ Whisky crossed the 1 million cases within the first year of launch.
  • 2024: Launched the brand ‘Zoya Special Batch Premium Gin’
  • 2024: ICONiQ White Whisky crossed sales of 2 million cases of 9 Litres each in FY 24, the first full year of launch.


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