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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

₹674.30 -23.75 (-3.40%)

As on 23-Oct'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

₹674.30 -23.75 (-3.40%)

As on 23-Oct'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹19,525 Cr.
Current Price
₹674.3
52-Week Low / High
₹383 / 766
TTM EPS
₹7.9
TTM Sales
₹7,604 Cr.
Book Value per Share
₹60.9
P/E Ratio
88.36
Higher than its 3-year historical median
Industry PE
48.6
Price to Book (P/B)
11.46
Higher than its 5-year historical median
Price to Sales (P/S)
2.57
Higher than its 5-year historical median
EV/EBITDA
36.02
Higher than its 5-year historical median
Dividend Yield
0.8%
Profitability Efficiency
Return on Equity (ROE)
13.75%
Outperforms industry median
Return on Capital Employed (ROCE)
18.53%
Outperforms industry median
Return on Assets (ROA)
5.52%
Operating Profit Margin
13.8%
Net Profit Margin
5.61%
Gross Profit Margin
5.7%
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
25.82%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
12.97%
Asset Quality
Promoter Holding
78.95%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,648 Cr.
Equity
₹55.9 Cr.
Face Value
₹2
All Time Low / High
₹278.90 / 766.25

Allied Blenders And Distillers stock performance

Key Ratios
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Quality

Somewhat Good
Check detailed performance

Valuation

Somewhat Overvalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
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.

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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.

View More
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 10.81%, compared to the industry median CAGR of 7.57%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Allied Blenders And Distillers Ltd?
Promoters hold 78.95% 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 9.19% based on the current price.
View More

10 Year X-Ray :

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 ⓘ2,0122,5943,0672,9962,3482,6863,1473,3283,5203,8807,533
Sales YoY Gr.-28.9%18.2%-2.3%-21.6%14.4%17.2%5.8%5.8%10.2%-
Adj EPS ⓘ00.41.10.50.20.10.30.47.19.59.9
YoY Gr.-1100%216.7%-53.5%-69.8%-25%158.3%32.3%1631.7%33.9%-
BVPS (₹) ⓘ49.31212.616.116.417.817.417.656.362.264.7
Adj Net
Profit ⓘ		0.28.52712.53.72.97.510199266276
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%
BVPSⓘ2.6%30.6%53%10.5%
Share Price - - - 9.2%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		0.12.89.33.710.71.82.319.81615.5
Op. Profit
Mgn % ⓘ		9.39.19.97.88.37.366.912.314.87.9
Net Profit
Mgn % ⓘ		00.30.90.40.20.10.20.35.66.93.7
Debt to
Equity ⓘ		2.84.24.52.72.421.81.90.60.7-
Working Cap
Days ⓘ		936069809480879110814165
Cash Conv.
Cycle ⓘ		5-154-13-16613387716

Valuation of Allied Blenders&Dist - Consolidated

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!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,5953,0672,9962,3482,6863,1473,3283,5203,923
Operating Expenses ⓘ + 2,3592,7642,7622,1582,4902,9613,1003,0893,380
Manufacturing Costs8591,2131,1289139811,1381,0951,2381,199
Material Costs9027929286608581,0951,2601,0751,251
Employee Cost 166176179172193186167168218
Other Costs ⓘ 432582529412458543578607713
Operating Profit ⓘ 235303234190195185228431542
Operating Profit Margin (%) 9.1%9.9%7.8%8.1%7.3%5.9%6.9%12.2%13.8%
Other Income ⓘ + 201217231411212126
Exceptional Items ⓘ 0-180000-50-3
Interest ⓘ 148187180142146136173126135
Depreciation ⓘ 867669595955586179
Profit Before Tax ⓘ 20350134613266351
Tax ⓘ 1319-1210241171131
Profit After Tax 716133122195220
PAT Margin (%) 0.3%0.5%0.4%0.1%0.1%0.1%0.1%5.5%5.6%
Adjusted EPS (₹)0.30.70.50.10.10.10.17.08.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%51.70%66.20%
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2742923803824044064071,5431,658
Share Capital ⓘ 47.1147.1153.9353.9347.1148.8248.8255.9455.94
Reserves ⓘ 2272453263283573573581,4871,603
Debt +1,1041,2319608637627297788701,079
Long Term Debt35626824820118813919194260
Short Term Debt748962712662574591587776819
Minority Interest00000002023
Trade Payables330395437483536566702607804
Others Liabilities ⓘ 496699663618597843811621744
Total Liabilities ⓘ 2,2042,6172,4402,3472,3002,5442,6993,6604,308

Fixed Assets

Net Fixed Assets ⓘ +692665636649692575635749889
Gross Block9249649881,0571,1461,0841,1931,3651,554
Accumulated Depreciation231298352408455508559615665
CWIP ⓘ 1634481715141619110
Investments ⓘ 4002200000
Inventories303417370346352559419573748
Trade Receivables9301,1399358679549581,2441,7471,802
Cash Equivalents 254410370555375132165
Others Assets ⓘ 233319349375232385311440594
Total Assets ⓘ 2,2042,6172,4402,3472,3002,5442,6993,6604,308
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + -15189595247179230186-678362
PBT ⓘ 20350134613266351
Adjustment ⓘ 227281252202216195247175221
Changes in Working Capital ⓘ -242-12134534-3633-66-1049-64
Tax Paid ⓘ -20-6-4-2-6-4-8-70-146
Cash Flow From Investing Activity ⓘ + -73-161-45-5932-18-55-182-331
Capex -73-157-46-35-54-20-45-128-346
Net Investments -4-5-1-28-27-1-12-412
Others ⓘ 422311422-513
Cash Flow From Financing Activity ⓘ + 87-22-496-216-256-203-13292210
Net Proceeds from Shares ⓘ 075000009760
Net Proceeds from Borrowing ⓘ 0-117-57-24-38-8247-115205
Interest Paid ⓘ -143-180-175-145-150-137-172-125-135
Dividend Paid ⓘ -130000000-101
Others ⓘ 243201-264-47-6716-718640
Net Cash Flow ⓘ -2753-29-459-16141
PARTICULARSMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)2.475.523.850.670.380.40.4519.9913.75
ROCE (%)11.4614.3611.8911.2711.611.6515.4221.3118.53
Asset Turnover Ratio3.383.723.222.673.12.942.932.541.9
PAT to CFO Conversion(x)-2.1411.8145.7782.3317911593-3.481.65
Working Capital Days
Receivable Days45.6042.2046.6051.4046.104952.2067.6085.50
Inventory Days14.9014.7017.7020.4017.7023.4023.2022.4031.90
Payable Days133.60167.20163.80254.30216.80167139.60138.6098.40

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Allied Blenders And Distillers Ltd FAQs

The current trading price of Allied Blenders&Dist on 23-Oct-2026 16:59 is ₹674.3.

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 22-Oct-2026 the market cap of Allied Blenders&Dist stood at ₹19,525.2 Cr

The latest P/E ratio of Allied Blenders&Dist as of 22-Oct-2026 is 70.84.

The latest P/B ratio of Allied Blenders&Dist as of 22-Oct-2026 is 10.80.

The 52-week high of Allied Blenders&Dist is ₹766.2 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 ₹7,533 ( 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 Somewhat overvalued zone.

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

About Allied Blenders And Distillers Ltd

Allied Blenders & Distillers (ABDL) is a leading company in India’s Indian Made Foreign Liquor (IMFL) industry, with a strong leadership position in the whisky segment. The Company has built a diversified portfolio across Mass Premium, prestige and premium categories, supported by established brand equity and an extensive distribution network. ABDL is one of the leading spirits companies in India and has a growing international presence across several countries.

ABDL is well positioned to capitalise on the ongoing premiumisation trend in the Indian AlcoBev market. While maintaining leadership in high volume segments through flagship brands, the Company is strengthening its presence in prestige and premium categories, enabling a balanced portfolio across price points. Its continued focus on brand building, product innovation and market expansion supports its transition toward a value-led growth model.

The company caters to a diverse and evolving consumer base, ranging from value conscious consumers in Mass Premium segments to aspirational and premium consumers in higher price categories. Its strong presence across urban and semi-urban markets, coupled with deep market penetration, enables ABDL to address a broad spectrum of consumption occasions and preferences at scale.

Business area of the company

The company is one of India’s leading spirits companies, with a diversified portfolio spanning mass premium, prestige, semi-premium, premium and emerging luxury segments. Its portfolio is anchored by iconic brands such as Officer’s Choice Whisky, Officer’s Choice Blue, Sterling Reserve and ICONiQ White, complemented by a growing range of premium and luxury offerings. 

Products of the company 

  • Whisky
  • Brandy
  • Rum
  • Vodka
  • Gin

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.
  • 2025: Monde Selection 2025 Gold Quality Award for Zoya Special Batch Gin.
  • 2025: Gold at Spirits Selection by Concours Mondial de Bruxelles 2025 for Segredo Aldeia Café Rum.
  • 2026: Officer’s Choice ranked as the 3rd largest whisky brand in the world (Drinks International Millionaires’ Club Report 2026).
  • 2026: Gold for Zoya Special Batch Gin and Zoya Espresso Coffee Gin at London Spirits Competition 2026.

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.
  • 2025: Expanded presence through investments in Woodburns Whisky and Rock Paper Rum.
  • 2025: ICONiQ White Whisky sold 5.7 million cases, emerging as a leading youth-focused brand.
  • 2025: Introduced Golden Mist Brandy to the portfolio
  • 2025: Expanded the premium portfolio with the launch of Russian Standard Vodka in the Indian market.
  • 2025: Commissioned a PET bottling facility at Rangapur, Telangana.
  • 2025: Launched Rangeela Vodka.
  • 2025: Strengthened the premium and luxury portfolio with the launch of YELLO Designer Whisky and AODH Irish Whiskey.
  • 2026: Completed the acquisition of a distillery-cum-bottling facility in Uttar Pradesh from NICOL.
  • 2026: Launched The Collective.
  • 2026: Acquired Kion Blenders and announced plans to establish a dual-mode distillery in Andhra Pradesh.
  • 2026: ICONiQ White Whisky crossed the 10 million cases milestone.
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