Allied Blenders and Distillers Limited (IN:ABDL)
:ABDL
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Allied Blenders and Distillers Limited
(ABDL)
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Rating:54Neutral
Price Target:
₹585.00
▲(6.11% Upside)
Action:ReiteratedDate:04/11/26
The score is held back primarily by negative operating and free cash flow despite improving profitability, and by a demanding valuation (P/E 64.40 with a low ~0.70% yield). Technicals are mixed—stronger vs short-term averages but weaker vs longer-term averages with a negative MACD—providing only moderate support.
Positive Factors
Branded spirits business model
Owning and marketing established IMFL brands with multi-state distribution and channel partners provides a durable revenue base. Brand-led consumer demand and recurring consumption create steady volume potential, while a mix of in-house and contract bottling supports scalable production over months.
Negative Factors
Negative operating and free cash flow
Negative operating and free cash flows despite reported profits indicate weak cash conversion and potential liquidity strain. This undermines ability to fund working capital, capex or distributions without external financing, raising earnings-quality and financing risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Branded spirits business model
Owning and marketing established IMFL brands with multi-state distribution and channel partners provides a durable revenue base. Brand-led consumer demand and recurring consumption create steady volume potential, while a mix of in-house and contract bottling supports scalable production over months.
Read all positive factors
Allied Blenders and Distillers Limited (ABDL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹150.22B
Dividend Yield0.58%
Average Volume (3M)30.86K
Price to Earnings (P/E)64.4
Beta (1Y)1.64
Revenue Growth-44.45%
EPS Growth134.42%
CountryIN
Employees902
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Wineries & Distilleries
Share Statistics
EPS (TTM)5.15
Shares Outstanding279,710,140
10 Day Avg. Volume27,702
30 Day Avg. Volume30,863
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹690.00Price Target Upside25.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)12.52
Revenue Forecast (FY)₹44.80B
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...
How the Company Makes Money
ABDL makes money mainly by selling branded spirits (predominantly IMFL whisky) in India. Revenue is generated when ABDL supplies bottled spirits (or bulk spirit for bottling where applicable) into state-specific alcohol distribution systems and to...
Allied Blenders and Distillers Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
40
Negative
| Breakdown | TTM | Jun 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 17.35B | 33.44B | 31.78B | 29.96B | 25.59B |
| Gross Profit | 4.83B | 12.05B | 9.88B | 9.31B | 8.64B |
| EBITDA | 2.80B | 4.51B | 2.43B | 1.96B | 2.08B |
| Net Income | 1.43B | 1.95B | 18.29M | 16.00M | 14.76M |
Balance Sheet | |||||
| Total Assets | 38.43B | 35.35B | 26.36B | 24.88B | 22.48B |
| Cash, Cash Equivalents and Short-Term Investments | 1.57B | 1.04B | 456.21M | 499.94M | 487.95M |
| Total Debt | 10.56B | 9.05B | 8.35B | 7.93B | 8.63B |
| Total Liabilities | 22.61B | 19.72B | 22.29B | 20.82B | 18.44B |
| Stockholders Equity | 15.58B | 15.43B | 4.07B | 4.06B | 4.04B |
Cash Flow | |||||
| Free Cash Flow | -208.76M | -8.09B | 1.40B | 2.10B | 1.20B |
| Operating Cash Flow | 1.97B | -6.78B | 1.86B | 2.30B | 1.79B |
| Investing Cash Flow | -2.51B | -1.82B | -545.28M | -184.03M | 321.34M |
| Financing Cash Flow | 1.20B | 9.22B | -1.32B | -2.03B | -2.56B |
Allied Blenders and Distillers Limited Technical Analysis
Positive
551.30
Price Trends
473.87
Positive
523.54
Positive
525.95
Positive
Market Momentum
20.08
Negative
75.11
Negative
97.60
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ABDL, the sentiment is Positive. The current price of 551.3 is above the 20-day moving average (MA) of 445.48, above the 50-day MA of 473.87, and above the 200-day MA of 525.95, indicating a bullish trend. The MACD of 20.08 indicates Negative momentum. The RSI at 75.11 is Negative, neither overbought nor oversold. The STOCH value of 97.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ABDL.
Allied Blenders and Distillers Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹32.72B | 25.16 | ― | 0.28% | 10.53% | 319.75% | |
68 Neutral | ₹9.81B | 43.53 | ― | ― | 21.64% | 153.23% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
54 Neutral | ₹150.22B | 64.40 | ― | 0.58% | -44.45% | 134.42% |
* Consumer Defensive Sector Average
IN:ABDL
Allied Blenders and Distillers Limited
539.50
234.59
76.94%
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Allied Blenders and Distillers Limited Corporate Events
ABD Maestro Named ‘Distiller of the Year’ at Icons of Whisky India 2026
Apr 16, 2026
ABD Maestro Pvt. Ltd., the super-premium and luxury spirits arm of Allied Blenders Distillers, has been named ‘Distiller of the Year’ at the 15th Icons of Whisky India Awards 2026 in Gurugram. The honor coincides with the subsidiary&#...
Allied Blenders Overhauls Marketing Leadership as Uday Rao Replaces Roshni Chatterjee
Mar 4, 2026
Allied Blenders and Distillers Limited has reshaped its senior leadership in marketing, appointing industry veteran Uday Rao as Marketing Director and Senior Management Personnel with effect from March 4, 2026. Rao brings over 25 years of experien...
Allied Blenders Overhauls Marketing Leadership With Appointment of Uday Rao
Mar 4, 2026
Allied Blenders and Distillers Limited has reshaped its senior marketing leadership, appointing industry veteran Uday Rao as Marketing Director and Senior Management Personnel with effect from March 4, 2026. Rao brings over 25 years of cross-secto...
Allied Blenders to Acquire 50% Stake in Kion Blenders for New Andhra Distillery
Mar 2, 2026
Allied Blenders and Distillers Limited has approved entering into a shareholders’ and share purchase agreement to acquire up to 50% of Kion Blenders Industries Private Limited, which will become its subsidiary. Kion, incorporated in August 2...
ABD Maestro Enters Ultra-Luxury Whisky Segment With ₹11 Lakh Limited Edition Macallan Single Malt
Feb 5, 2026
ABD Maestro Pvt. Ltd., the super-premium and luxury spirits subsidiary of Allied Blenders Distillers, has made its luxury debut in India with ‘The Collective’ Limited Editions, introducing an ultra-grand 34-year-old Speyside Single Ma...
Allied Blenders and Distillers Publishes Q3 FY26 Unaudited Results in Newspapers
Jan 31, 2026
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 Fr...
Allied Blenders and Distillers to Hold Q3 FY26 Earnings Call on January 30
Jan 23, 2026
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 Broki...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.