Allied Blenders and Distillers Limited (ABDL) AI Stock Analysis

• Market Cap: ₹135.94B
• Dividend Yield: 0.58%
• Average Volume (3M): 30.86K
• Price to Earnings (P/E): 51.1
• Beta (1Y): 1.42
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IN
• Employees: 902
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Wineries & Distilleries
• EPS (TTM): N/A
• Shares Outstanding: 279,710,140
• 10 Day Avg. Volume: 27,702
• 30 Day Avg. Volume: 30,863
• PEG Ratio: <0.01
• Price to Book (P/B): 5.37
• Price to Sales (P/S): 2.48
• P/FCF Ratio: -10.25
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: ₹498.00 ▼(-9.67% Downside)

Allied Blenders and Distillers Limited has shown strong revenue growth and improved profitability, but faces significant challenges with cash flow management, which poses a risk to financial stability. The technical indicators suggest a lack of strong momentum, and the high P/E ratio indicates potential overvaluation. These factors contribute to a moderate overall stock score.

Positive Factors

Improved profitability

Rising gross and net margins reflect better cost control and pricing power across the portfolio. Sustained margin improvement supports reinvestment in brands, adds resilience to input-cost swings, and enhances the company's ability to generate lasting earnings from core operations.

Lower leverage and higher ROE

A reduced D/E and higher ROE point to improved capital efficiency and a stronger balance sheet. This durable improvement lowers interest burden and increases financial flexibility to invest in distribution, marketing, or product expansion without excessive strain on capital structure.

Strong flagship brand

A recognized flagship brand provides persistent competitive advantage in alcoholic beverages via consumer loyalty and distribution leverage. Brand strength supports premiumization, easier new-product rollouts, and steadier revenue streams across economic cycles.

Negative Factors

Negative operating and free cash flow

Negative operating and free cash flows despite reported profits indicate working-capital stress and weak cash conversion. Over months this constrains capex, debt servicing, and shareholder returns, and raises the probability of external financing or operational adjustments.

Moderate reliance on debt

An equity ratio below 50% signals meaningful debt funding of assets. Even with lower D/E, reliance on external financing increases sensitivity to interest rates and cyclical demand, limiting strategic flexibility and raising refinancing risks over the medium term.

Operating margin headroom

Modest underlying operating margins suggest limited structural efficiency relative to potential peers. Without further expansion, margins may constrain long-term cash generation and reinvestment capacity, making the business more vulnerable to raw-material inflation or competitive pricing pressure.

Allied Blenders and Distillers Limited Business Overview & Revenue Model

Company Description

Allied Blenders and Distillers Limited produces and sells alcoholic beverages in India and internationally. The company offers whisky, brandy, rum, vodka, and gin under the Arthaus Collective Blended Malt Scotch, Officer's Choice, Sterling Reserve Blend 7, ICONiQ Winter, X&O Barrel, Srishti Premium, Officer's Choice Blue, Officer's Choice Blended Scotch, Sterling Reserve Blend 10, Sterling Reserve B7 Cola Mix, Officer's Choice Star, Kyron Premium, Sterling Reserve Premium Cellar, Jolly Roger, Class 21, Zoya Special Batch, Zoya Watermelon, and Zoya Espresso Coffee brand names. It also provides packaged drinking water under the Officer's Choice Blue, Sterling Reserve, and ICONiQ White brand names. Allied Blenders and Distillers Limited was founded in 1988 and is headquartered in Mumbai, India.

How the Company Makes Money

ABDL generates revenue primarily through the sale of its alcoholic beverages. The company's revenue model is built on several key streams: first, direct sales to consumers through retail outlets and distribution channels; second, partnerships with local and international distributors that expand its market reach; and third, strategic collaborations with bars, restaurants, and event organizers for promotional tie-ins and bulk orders. Additionally, ABDL leverages brand loyalty and marketing initiatives to enhance sales volumes, while optimizing production efficiencies to maintain competitive pricing. The company's growth is further supported by its expanding portfolio of brands and continuous innovation in product offerings.

Allied Blenders and Distillers Limited Financial Statement Overview

Summary

Allied Blenders and Distillers Limited shows strong revenue growth and improved profitability, with a significant increase in net profit margin. However, the company faces challenges with cash flow management, as both operating and free cash flows are negative, indicating potential liquidity issues.

Income Statement

Allied Blenders and Distillers Limited has demonstrated strong revenue growth with a 5.23% increase from 2024 to 2025. The gross profit margin improved to 36.05% in 2025, indicating efficient cost management. The net profit margin also increased significantly to 5.83%, showcasing enhanced profitability. However, the EBIT and EBITDA margins, at 11.28% and 13.50% respectively, suggest room for improvement in operational efficiency.

Balance Sheet

The company's debt-to-equity ratio decreased to 0.59, reflecting a better leverage position. Return on equity improved significantly to 12.63%, indicating effective use of equity to generate profits. However, the equity ratio stands at 43.64%, suggesting moderate reliance on debt financing.

Cash Flow

The cash flow situation is concerning, with both operating and free cash flows turning negative in 2025. The operating cash flow to net income ratio is negative, indicating cash flow issues despite reported profits. The free cash flow to net income ratio is also negative, highlighting potential liquidity challenges.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	33.44B	31.78B	29.96B	25.59B
Gross Profit	12.05B	9.88B	9.31B	8.64B
EBITDA	4.51B	2.43B	1.96B	2.08B
Net Income	1.95B	18.29M	16.00M	14.76M
Balance Sheet
Total Assets	35.35B	26.36B	24.88B	22.48B
Cash, Cash Equivalents and Short-Term Investments	1.04B	456.21M	499.94M	487.95M
Total Debt	9.05B	8.35B	7.93B	8.63B
Total Liabilities	19.72B	22.29B	20.82B	18.44B
Stockholders Equity	15.43B	4.07B	4.06B	4.04B
Cash Flow
Free Cash Flow	-8.09B	1.40B	2.10B	1.20B
Operating Cash Flow	-6.78B	1.86B	2.30B	1.79B
Investing Cash Flow	-1.82B	-545.28M	-184.03M	321.34M
Financing Cash Flow	9.22B	-1.32B	-2.03B	-2.56B

Allied Blenders and Distillers Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 551.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ABDL, the sentiment is Negative. The current price of 551.3 is above the 20-day moving average (MA) of 479.90, below the 50-day MA of 565.37, and above the 200-day MA of 502.26, indicating a neutral trend. The MACD of -31.77 indicates Negative momentum. The RSI at 43.63 is Neutral, neither overbought nor oversold. The STOCH value of 66.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ABDL.

Allied Blenders and Distillers Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IFBAGRO	72 Outperform	₹12.17B	25.46	―	―	23.11%	1930.97%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
GLOBUSSPR	56 Neutral	₹26.86B	35.34	―	0.28%	2.36%	-26.16%
ABDL	55 Neutral	₹135.94B	51.11	―	0.58%	―	―

Allied Blenders and Distillers Limited Corporate Events

Allied Blenders and Distillers Publishes Q3 FY26 Unaudited Results in Newspapers

Allied Blenders and Distillers Limited has announced that its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, approved by the board on January 29, 2026, have been published in The Free Press Journal and Navshakti as required under SEBI’s listing regulations. The company has also provided stakeholders with digital access to the complete financial statements via a QR code and its website, underscoring its compliance with disclosure norms and facilitating easier access to financial information for investors and the market.

Allied Blenders and Distillers to Hold Q3 FY26 Earnings Call on January 30

Allied Blenders and Distillers Limited has notified the stock exchanges that it will host a conference call on January 30, 2026, in Mumbai to discuss its financial results for the third quarter of FY26. The call, organized with Antique Stock Broking Limited, will be accessible to analysts, institutional and other investors via pre-registration and dial-in details, and will feature key members of the management team, including the Executive Deputy Chairman, Managing Director, CFO, and Head of Investor Relations. The company has clarified that no unpublished price-sensitive information will be shared during the call, underlining its adherence to disclosure norms and its ongoing engagement with the investment community.

ABD Maestro Expands Super-Premium Spirits Portfolio at Mumbai Airport

ABD Maestro, a subsidiary of Allied Blenders & Distillers, has announced a strategic collaboration with Ospree Duty Free to expand its super-premium and luxury spirits portfolio at Mumbai International Airport. This move is part of ABD Maestro’s strategy to enhance its presence in India’s growing travel retail market, offering international travelers access to its leading brands such as ARTHAUS Blended Malt Scotch Whisky and RUSSIAN STANDARD Vodka. The partnership aligns with the evolving duty-free retail landscape in India, which is seeing increased demand for premium spirits, and aims to provide a richer shopping experience for travelers.

Allied Blenders Expands ICONiQ WINTER Whisky to New Markets

Allied Blenders and Distillers Limited has announced the expansion of its ICONiQ WINTER International Grain Whisky to the states of Uttar Pradesh and Haryana, following a successful launch in Maharashtra. This strategic move aims to capitalize on the growing demand for premium whisky during the festive winter season, with ICONiQ already achieving significant market share and growth in the prestige whisky category. The whisky, crafted with a unique blend of spices and aged in Bourbon Oak Casks, is designed to appeal to consumers seeking a warm and festive experience.

Allied Blenders and Distillers to Host Institutional Investors Meeting

Allied Blenders and Distillers Limited has announced a Group Institutional Investors Meeting scheduled for November 07, 2025, organized by Jefferies India Private Limited. This meeting is significant for stakeholders as it provides an opportunity for institutional investors to engage with the company, although no unpublished price-sensitive information will be shared. The presentation from the meeting will be made available on the company’s website and submitted to stock exchanges, reflecting transparency and engagement with the investment community.