ABDL

Allied Blenders and Distillers Limited

Allied Blenders and Distillers Limited (ABDL) financial statements and selected valuation metrics through 30 June 2026.

Fast Moving Consumer Goods›Fast Moving Consumer Goods›Beverages›Breweries & Distilleries

abdindia.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹748.65
Market cap
20,935 Cr
Stock P/E
94.7
P/B
12.64
Dividend yield
0.5%
ROE (FY26)
13.5%
ROCE (FY26)
17.2%
Operating margin (FY26)
6.1%
Debt / equity (FY26)
0.69
OCF / EBITDA (FY26)
66.8%
OCF / EBITDA (3Y)
-10.8%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Allied Blenders and Distillers (ABD) makes and sells Indian-made liquor, from mass-market brandy and whisky such as Officer's Choice to premium and luxury whisky such as ICONiQ White, to consumers across Indian states and in export markets.

Company snapshot

4thBy market cap

Ranked among 15 companies in Breweries & Distilleries.

What we see

Positives
  • ✓Dividend payout of 46% — the company returns a meaningful share of profits to shareholders.
Concerns
  • ✗Net margin is very thin at 2.9% — little room for error if costs rise.
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Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,757 Cr1,767 Cr2,029 Cr2,342 Cr1,935 Cr1,776 Cr1,953 Cr1,934 Cr1,909 Cr1,809 Cr
Operating expenses (approx.)1,698 Cr1,693 Cr1,926 Cr2,226 Cr1,799 Cr1,665 Cr1,827 Cr1,798 Cr1,740 Cr1,694 Cr
EBITDA60 Cr74 Cr103 Cr117 Cr136 Cr112 Cr125 Cr136 Cr169 Cr115 Cr
OPM %3.4%4.2%5.1%5.0%7.0%6.3%6.4%7.0%8.9%6.4%
Other income2 Cr2 Cr2 Cr3 Cr14 Cr7 Cr5 Cr1 Cr13 Cr5 Cr
Interest45 Cr44 Cr25 Cr27 Cr28 Cr27 Cr30 Cr26 Cr51 Cr29 Cr
Depreciation19 Cr16 Cr16 Cr13 Cr16 Cr16 Cr17 Cr18 Cr29 Cr23 Cr
Profit before tax-1 Cr16 Cr64 Cr80 Cr106 Cr76 Cr84 Cr89 Cr103 Cr68 Cr
Tax %-69.9%28.0%25.8%28.3%25.8%26.2%25.0%28.5%63.3%33.0%
Net profit-2 Cr11 Cr48 Cr57 Cr79 Cr56 Cr63 Cr64 Cr38 Cr45 Cr
EPS (₹)₹-0.10₹0.46₹1.70₹2.05₹2.81₹2.02₹2.23₹2.38₹1.46₹1.76

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,379 Cr7,197 Cr7,106 Cr7,669 Cr8,073 Cr7,571 CrSign in free for the trailing twelve months
Operating expenses (approx.)6,185 Cr7,001 Cr6,921 Cr7,426 Cr7,643 Cr7,030 CrSign in free for the trailing twelve months
EBITDA194 Cr196 Cr185 Cr242 Cr431 Cr542 CrSign in free for the trailing twelve months
OPM %3.0%2.7%2.6%3.2%5.3%7.2%Sign in free for the trailing twelve months
Other income19 Cr11 Cr11 Cr6 Cr21 Cr26 CrSign in free for the trailing twelve months
Interest142 Cr145 Cr135 Cr173 Cr125 Cr135 CrSign in free for the trailing twelve months
Depreciation59 Cr59 Cr55 Cr58 Cr61 Cr79 CrSign in free for the trailing twelve months
Profit before tax13 Cr4 Cr6 Cr13 Cr266 Cr351 CrSign in free for the trailing twelve months
Tax %80.3%61.4%73.1%85.7%26.7%37.3%Sign in free for the trailing twelve months
Net profit3 Cr1 Cr2 Cr2 Cr195 Cr220 CrSign in free for the trailing twelve months
EPS (₹)₹0.10₹0.06₹0.07₹0.07₹7.19₹8.16Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%45.7%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital47 Cr47 Cr49 Cr49 Cr56 Cr56 Cr
Reserves335 Cr357 Cr357 Cr358 Cr1,487 Cr1,607 Cr
Borrowings955 Cr847 Cr776 Cr824 Cr898 Cr1,146 Cr
Other liabilities962 Cr997 Cr1,305 Cr1,405 Cr1,074 Cr1,322 Cr
Total liabilities2,299 Cr2,248 Cr2,488 Cr2,636 Cr3,535 Cr4,154 Cr
Fixed assets (net)446 Cr494 Cr378 Cr568 Cr624 Cr753 Cr
CWIP17 Cr15 Cr14 Cr16 Cr19 Cr109 Cr
Investments22 Cr0.0040 Cr0.0040 Cr0.0039 Cr0.0090 Cr0.0090 Cr
Loans & advances———0.43 Cr0.74 Cr0.69 Cr
Inventories346 Cr352 Cr559 Cr419 Cr573 Cr748 Cr
Trade receivables867 Cr954 Cr958 Cr1,244 Cr1,747 Cr1,802 Cr
Cash & bank43 Cr20 Cr28 Cr27 Cr88 Cr129 Cr
Other assets557 Cr413 Cr552 Cr361 Cr482 Cr612 Cr
Total assets2,299 Cr2,248 Cr2,488 Cr2,636 Cr3,535 Cr4,154 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity247 Cr179 Cr230 Cr186 Cr-678 Cr362 Cr
Cash from investing-59 Cr32 Cr-18 Cr-55 Cr-182 Cr-331 Cr
Cash from financing-216 Cr-256 Cr-203 Cr-132 Cr922 Cr10 Cr
Net cash flow-29 Cr-45 Cr9 Cr-0.99 Cr61 Cr41 Cr
Free cash flow (OCF − Capex)212 Cr—210 Cr140 Cr-809 Cr13 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %11.5%11.9%11.9%15.1%15.9%17.2%
ROE %0.7%0.4%0.4%0.4%12.5%13.5%
Debtor days494849597987
Inventory days917810274100130
Days payable126119103124106140
Cash conversion cycle1474897377
OCF / EBITDA %127.1%n.m.n.m.76.7%-157.6%66.8%
OCF / EBITDA % (3 years)——n.m.n.m.-30.6%-10.8%
Debt / equity2.502.101.912.030.580.69
Current ratio0.840.890.940.941.421.34
Net debt / EBITDA4.704.214.053.291.881.88