Allied Blenders and Distillers logo

Allied Blenders and Distillers financials and balance sheet

NSE: ABDLBSE: 544203BeveragesSmall Cap

Last close ₹672.65down ₹26.25 (3.76%)BSE ₹674.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹698.90.

52-week range of traded prices to 23 Oct 2026
₹382.10Low, 23 Mar 2026₹766.90High, 15 Oct 2026
Market cap
₹18,815 Cr439th largest listed
P/E
85.1
P/B
11.3
Dividend yield
0.80%
ROE
13.8%
ROCE
16.2%
Debt to equity
0.68
Volume, NSE
9,60,97555.0% delivered

3 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.Allied Blenders and Distillers annual reports

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
Peak revenue ₹8,073 Cr, year to Mar 2025

Operating and net margin, per cent

  • Operating margin
  • Net margin

Results for the year to Mar 2026

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

  1. Revenue7,571
  2. Materials and goods−2,135
  3. Employee costs−219
  4. Other expenses−4,676
  5. Operating profit542
  6. Depreciation−79
  7. Other income+26
  8. One-off items−2.8
  9. Finance costs−135
  10. Profit before tax351
  11. Tax−131
  12. Net profit220

What the company owns

  • Receivables₹1,802 Cr
  • Plant, investments and other assets₹1,439 Cr
  • Inventory₹748 Cr
  • Cash and bank₹165 Cr

What pays for it: net worth and liabilities

  • Net worth₹1,686 Cr
  • Borrowings₹1,146 Cr
  • Owed to suppliers₹804 Cr
  • Other liabilities₹518 Cr

Profit and loss

Consolidated, ₹ crore, years to March.Allied Blenders and Distillers quarterly results

₹ croreMar 2024Filed 5 AugMar 2025Filed 10 JunMar 2026Filed 14 May
Revenue from operations7,6698,0737,571
7,4267,6437,030
Materials and goods bought2,0982,0392,135
Employee costs176169219
Other expenses5,1535,4354,676
Operating profit before depreciation242431542
Operating margin3.2%5.3%7.2%
Materials, % of revenue27.4%25.3%28.2%
Employee costs, % of revenue2.3%2.1%2.9%
Other expenses, % of revenue67.2%67.3%61.8%
Depreciation and amortisation586179
Operating profit after depreciation184370463
Other income62126
Finance costs173125135
Profit before one-off items and tax18266354
One-off items−50−3
Profit before tax13266351
1171131
2195220
Other comprehensive income−11−1
Total comprehensive income1196219
Net margin0.0%2.4%2.9%

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ croreMar 2024Filed 5 AugMar 2025Filed 10 JunMar 2026Filed 14 May
4071,5631,686
4071,5431,663
Share capital495656
Reserves3581,4871,607
Belonging to outside owners of subsidiaries02023
8248981,146
2,0071,8522,180
222120288
Total assets2,6363,5354,154
7489141,223
1,8882,6212,931
Net debt749766981
Borrowings are counted again inside the liabilities due within a year and after a year.

Cash flow

Consolidated, ₹ crore, years to March.

₹ croreMar 2024Filed 5 AugMar 2025Filed 10 JunMar 2026Filed 14 May
186−678362
194−609508
−66−1,049−57
Receivables−295−507−62
Inventories136−150−179
Other working capital94−393184
Tax paid−8−70−146
Capital spending46130349
Free cash flow140−80913
−55−182−331
−13292210
Dividends paid00101
Shares bought back000
Shares issued09760
Net change in cash−16141
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only.

Per share

Consolidated, ₹ per share, years to March.Allied Blenders and Distillers dividend history

₹ per shareMar 2024Filed 5 AugMar 2025Filed 10 JunMar 2026Filed 14 May
Earnings per share₹0.07₹7.19₹8.16
Diluted earnings per share₹0.07₹7.19₹8.16
Dividend per share–₹3.60₹5.40
Book value per share₹16.67₹55.16₹59.44
Dividend payout–51.7%66.2%
Shareholder yield–−11.4%0.9%
Market cap at the year end (₹ crore)–8,56511,302
RatioMar 2024Filed 5 AugMar 2025Filed 10 JunMar 2026Filed 14 May
Revenue growth–5.3%−6.2%
Operating profit growth–77.8%25.8%
Net profit growth–10,553.7%13.0%
Earnings per share growth–10,171.4%13.5%
0.4%20.0%14.2%
–19.5 pts−5.7 pts
From the net margin–45.0 pts5.0 pts
From asset turnover–−4.6 pts−6.2 pts
From borrowing–−20.9 pts−4.6 pts
Return on capital employed15.0%15.0%16.3%
Cash conversion10,153.1%−348.2%164.4%
Interest cover1.13.03.4
Debt to equity2.030.570.68
Receivable days597987
Inventory days73103128
Payable days122109137
Cash conversion cycle, days107377
Working capital days216571
Asset turnover2.912.621.97
Assets per rupee of net worth6.483.162.40
Sales per rupee of plant13.4912.9310.05
Capital spending to depreciation0.802.154.41
Plant being built, % of plant in use2.8%3.1%14.4%

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2026.

Return on assets, latest year
5.9%
Cash from operations against operating profit
66.8%
Measure3 years
Return on equity, average11.6%
Return on capital employed, average15.4%
Operating margin, average5.2%
Net margin, average1.8%
Asset turnover, average2.50
Cash conversion cycle, days, average53
Interest cover, average2.5
Debt to equity, average1.09

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ crore3 yearsLatest year
Cash from operations−131362
Cash from investing−568−331
Cash from financing79910
Capital spending526349
Dividends paid101101
Shares bought back00
Shares issued for cash9760
Borrowings raised753288
Borrowings repaid38940

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2024Mar 2025Mar 2026
Piotroski score, out of 9Published threshold 3 points out of 9––4
Altman Z-scorePublished threshold 1.81–6.115.71
Beneish M-scorePublished threshold −1.78–−0.81−2.43
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets–34.224.92
Cash from operations to profit, 3 yearsPublished threshold 0.7 times––−0.31
Receivables growth less revenue growthOur threshold 0 percentage points–35.189.36
Inventory growth less cost-of-goods growthOur threshold 0 percentage points–39.6925.77
Other current assets growth less revenue growthOur threshold 5 per cent of revenue–0.230.61
Assets under construction, years of additionsOur threshold 2 years of additions–0.160.52
Effective tax ratePublished threshold 17.16 per cent85.6926.6737.32
Tax charged less tax paid, % of profitOur threshold 10 percentage points21.880.43−4.17
A threshold marked as ours has no published figure; it is the line we read the check against.

Credit ratings

An agency's view of the chance the company repays a borrowing on time, from AAA, the highest, down to D, in default.

DateAgencyBorrowing ratedRatingOutlookAmount, ₹ Cr
19 Aug 2026India Ratings and Research Private Limited (opens in a new tab)Bank loan facilitiesIND AA-; IND A1+New, NewStable325
The latest rating on each borrowing. The agency's name opens its reasoning for the rating.